postaday | wealthymatters

Feng Shui For A Wealthy Life

January 7, 2012 3 Comments

wealthymatters.com Following is an article from today’s Mumbai Mirror by Meenakshi Agarwal,a Feng Shui consultant:

More and more home owners are now opting for the ancient Chinese science of Feng Shui to plan out their homes. This is because even a few minor changes that Feng Shui suggests bring about a remarkable positive change in one’s life.

A family residing in a posh locality of south Mumbai too have experienced this miraculous change in their lives, merely by following a few principles of Feng Shui. The head of the family sought Feng Shui solutions for a gamut of problems. He recounted that the family had simply stopped growing in wealth or making any progress career-wise. He had a marriageable daughter, another in college and a school going son. He even mentioned that in the present scenario, it would have been impossible for him to carry out any major changes as per Vaastu Shastra or Feng Shui. So, he asked for solutions that could be easily implemented. This is where the beauty of Feng Shui lies. The idea is not to disturb the basic spirit of the house by suggesting breaking of walls, etc., but to bring about drastic changes in your life with the slightest change in your environment. Read more of this post

Filed under Theory, Tool Kit Tagged with declutter, Feng Shui, Feng Shui colour chart, Feng Shui For Wealth, postaday, wealth

The Wealthy Personality

January 6, 2012 3 Comments

wealthymatters.com In the book ‘The Difference’,the author Joan Chatzky outlines the characreristics of the Wealthy Personality.

Wealthy people score high on 7 personality traits.Viz.

1.confidence

2.curiosity

3.intuition

4.drive

5.connectedness

6.resilience

7.optimism

Hence wealthy people tend to be more competitive, optimistic, happy, and confident. They also read the news on a regular basis, exercise at least twice a week, and socialize with their friends at least once a week.

The author believes that cultivating these habits helps a person do well financially.

Finally an interesting quote from the book: “Optimism is a wealth magnet”

Filed under Theory, Tool Kit Tagged with connectedness, curiosity, finance book, intuition, Jean Chatzky, optimism, personality traits, postaday, psychology of wealth, resilience, The Difference How Anyone Can Prosper In Even The Toughest Times, The Wealthy Personality

Rakesh Jhunjhunwala – A Wizard of Dalal Street

January 4, 2012 Leave a comment

Here is an excerpt from CNBCs the Wizards of Dalal Street:It’s pretty interesting hearing Rakesh narrate the story of his early years in the stock market and his progress since then.With the market in the doldrums maybe it’s now time for us too to seize the moment and do our personal versions of a Jhunjhunwala.So watch,learn and be encouraged:

Savings Bank Accounts With Benefits

January 2, 2012 Leave a comment

wealthymatters.com Since the RBI deregulated the interest rates on savings bank accounts last October,it’s possible to make a bit more on the liquid cash we must all keep for day to day use and emergencies.Here is a link to a web page that keeps track of which bank is offering what on its savings bank deposits:http://www.ratekhoj.com/savingsaccounts/results.php.Also,here is a little development the people at ratekhoj.com seem to have missed:http://www.thehindubusinessline.com/industry-and-economy/banking/article2737752.ece.And to save on banking fees consider opening a zero balance account with IDBI Bank etc, where the fees on various services like issuing of DDs have been waived.

PS Karnatka Bank now offers a 5% interest on its savings bank accounts.

Filed under Paper Assets Tagged with banking fees, highest saving bank interest rates, highest savings bank deposit rates, IDBI Bank, Kotak Mahindra Bank, postaday, savings bank accounts, savings bank deposit rate deregulation, savings bank deposit rates, YES Bank

Written Goals And Plans

January 1, 2012 Leave a comment

wealthymatters.com What better time to make new resolutions than the first day of the New Year?But be certain to write these resolutions down along with a plan of how to accomplish these goals.Since today is a Sunday its hard to plead a lack of time.And if it all seems so much extra work here is a little something to change your mind:

In the book What They Don’t Teach You in the Harvard Business School, the author,Mark McCormack tells of a study conducted on students in the 1979 Harvard MBA program. In that year, the students were asked, “Have you set clear, written goals for your future and made plans to accomplish them?” Only three percent of the graduates had written goals and plans; 13 percent had goals, but they were not in writing; and a whopping 84 percent had no specific goals at all.

Ten years later, the members of the class were interviewed again, and the findings, while somewhat predictable, were nonetheless astonishing. The 13 percent of the class who had goals were earning, on average, twice as much as the 84 percent who had no goals at all. And what about the three percent who had clear, written goals? They were earning, on average, ten times as much as the other 97 percent put together.

So why wait?Join me in penning down goals and plans for 2012