postaday | wealthymatters

Self Esteem – Billionaire’s Key To Success

March 24, 2013 1 Comment

“All the successful people I knew in life had high self-esteem and all the losers had low self-esteem.”- Bill Bartmann

Bartmann was born one of eight children. His parents were uneducated and so could not get well-paying jobs. As a child he had to move frequently and was even turned out of dwellings because they were deemed unfit for human habitation.He was once part of a travelling carnival. Also he was at one time a high school dropout. He was a teenage alcoholic and a member of a teenage gang called known as the Manor Boys.

When Bartmann was growing up his self-esteem was low. He gives credit to his childhood sweetheart, Kathy, for opening his eyes to this fact. Read more of this post

Filed under Entrepreneurship, Theory, Tool Kit Tagged with Bill Bartmann, Bill Bartmann Self Esteem Workbook, billionaire, Katy Bartmann, key to success, postaday, self esteem

So How Safe Are Bank Deposits?

March 23, 2013 4 Comments

wealthymatters

If you thought that by ensuring that you kept your money in scheduled banks only and in a way that the deposits were fully covered by deposit insurance, your money would be safe,think again.

Its not impossible that what is happening in Cyprus could happen to you too.You can catch up with the Cyprus story here:Link

Apparently this is not the first instance of a deposit levy.Here are some other examples:

1.In July 1992 Italy’s Socialist Prime Minister Giuliano Amato imposed a one-off levy of 0.6% on bank accounts.And again there are calls to repeat the action in Italy to tackle the national debt. Read more of this post

Filed under Paper Assets Tagged with capital levy, Cyprus deposit levy, Italy capital levy, offshore accounts, postaday, safe offshore accounts, safety of bank deposits

How To Identify Real Currency Notes

March 18, 2013 Leave a comment

Given the huge quantity of ISI printed 500 and 1000 Rupees floating around,here’s how you can protect yourself from loss and hassles at the bank by inadvertently accepting fake notes:

Filed under Tool Kit Tagged with counterfeit currency notes, fake currency notes, how to identify fake 500 and 1000 rupee notes, how to identify genuine currency notes, postaday, security features of Indian bank notes

Auspicious And Inauspicious Days To Buy Gold In 2013

March 14, 2013 2 Comments

wealthymatters January 14 Makar Sankranti

January 27 Pushya Nakshatra

February 13 Shree Ganesh Jayanti

February 23 Pushya Nakshatra

March 23 Pushya Nakshatra

April 11 Gudi Padwa Read more of this post

Filed under Precious Metals Tagged with auspicious days to buy gold, inauspicious days to buy gold, postaday

The Truth About Gold And The Current Account Deficit

March 13, 2013 5 Comments

wealthymatters Our government would have us believe that it is the insatiable appetite of Indians for gold that is at the bottom of our balance of payment problems.Here is the truth and the figures have been put up by the RBI not any advocacy group with an agenda!

The net impact on trade deficit due to the domestic demand of gold is estimated at 0.3% of GDP. It is not perceived to be very significant. However, reducing this could bring down the current account deficit (CAD) — which reflects the gap between domestic savings and investments.

So how about some truth?Anybody for fiscal consolidation?Cutting down on wasteful government expenditure?Can we start out by ensuring that government servants opt for basic vehicles not glam ones and ordinary phones not Apple models,when these are bought out of government money?How about an audit of where exactly our subsidies have gone and who exactly has benefited from them?How about a little less corruption in government?As one stalwart put it why not a more tolerable level of corruption rather than the dacoity killing our economy?