Thursday 23 November 2017

We all need Motivation and Inspiration.....


Dear readers,

As I have mentioned in my profile, this blog is to express my thoughts, share my experiences and learnings. So keeping in tune with the same, today I wish to share this learning which I had learnt at some point of time but somehow had forgotten all about it.

Today I saw this really interesting video “Expect Divine Intervention” week 7, by Priya Kumar.

I have been following this 52 week series video for some time now. Priya is so committed in helping people achieve their goals that she has taken it unto herself to inspire and motivate all the aspirants who want to do something big in their life. Through her “Youtube” videos 52 week series which she calls “Creators of the future workshop” Priya is giving her best to ensure that you stay focused, and on track in achieving your goals. In order to do this, every Friday Priya posts one video wherein she shares a story, an idea or her personal experience, and at times advice. The idea is to keep us motivated and inspired and stay focused in achieving our goals. Be it becoming successful or grow rich or aspire to being the best in whatever one wants to do.

In this particular video with the help of an old story she has very beautifully explained that how everybody and every event that happens in our life is not merely an accident but a “Divine Intervention” in itself.

I got instantly connected to this particular video. My life experiences has also taught me the same and reached the same conclusion a long ago which Priya shares in this video.

I always try to keep an open mind, and indulge myself in experiencing the life as it happens. I meet wonderful people, exchange ideas, share stories and life experiences. From my personal experiences in this life so far, I am so very grateful to all the people whom I have met so far, as they have all directly or indirectly contributed greatly to my life. They have all helped me grow and evolve in to being whatever I am today. Although, I try every day to be conscious of my actions, sometimes I do go off track. Today this video by Priya helped me notice one such point.

While seeing this videos, it dawned on me that at times I start rambling only about myself without even asking the other person about his or her interests. Thank you so much Priya for your message, got it and absorbed it 

About Priya….all I know is that she is doing a great job and if you want to know more about her, as to who she is and what all she does, please log on to“www.priya-kumar.com

I am sure her work will not only touch you, but will also inspire and motivate you all too, as she inspires me. I believe in appreciating and promoting the good work. I am doing my bit, and if you all too share the same feeling I humbly request you to please help her reach out to more lives.

Saturday 18 November 2017

Apologies

Dear All,
In my Post "Risk of not taking risks" published on16th October 2017, in the last line I had mentioned the title of my next article as "Good SIP, Bad SIP"
It is actually "Good EMI, Bad EMI"
I deeply regret the miscommunication and sincerely apologise for the same.

Good EMI, Bad EMI.....

It’s so strange the way people in general are dealing with money. In my interactions when I ask people I meet what they like, paying interest or earning interest? Almost all of them want to earn interest, and yet they end up paying one. Why is it happening?

As students while we were in school we have all learned in economics that wants are unlimited.  It is practically impossible to have everything we want. Yet we are overtaken by the innate desire to satisfy our wants.  The other big factor is, instant gratification and pride of ownership. New car is launched and we want to buy it, or a new phone is come into the market and we want to have it, the list is endless. And also practically everything today is available on EMI, be it mobile phone, or travel and tourism, electronics, automobiles, house, even insurance is now available on EMI the list is long. Some even come with zero down payment schemes.  So then how do we decide if buying things on EMI is good or bad?

I guess the following case study will help you understand this better.  Aman and Ajay decides to purchase a car. They both pay a certain down payment and balance amount is raised through loan. Let us say they are both paying an EMI of Rs.8600/ month for a 5 years loan tenure.

Now, Aman needed car because he uses his car every day for commuting to and fro for work and on week end’s he takes his family for outings too. Ajay on the other hand travels by train for his work place and never takes his car to office. Once a month he goes to shopping mall for grocery purchase, and in a fortnight he goes for outings with his family.

In Aman’s case since he is using his car to optimum his paying EMI is justified. But in Ajay’s case he is hardly using the car for 5 days, and almost 25 days of month his car is not used. On these 5 days when Ajay goes for outings or grocery purchase, even if he takes an air conditioned cab on all these days his total expense will be much lower than what he is paying as EMI. This my friends is a bad EMI. There is no visible need for him to own a car. The difference money could be used for something more useful.

This is just one example, there are so many things where money is spend unnecessarily. What is needed is the sensibility to ask your own self every time you want to buy something especially on EMI are these questions…… Do I really need this? How important this purchase is? And lastly whether it can be postponed? If the answer to these are all positive then by all means buy things on EMI, but if even one of the answers is negative please avoid the purchase.


Temptations are always there but how to take charge of them and not get carried away by them is something you need to learn and bring in to practice. It is not easy but if you are determined and want to live stress free life in the long run, this is precisely what you really need.


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