” It is Better Late than Never….” For Financial Planning too.. !!!

Let us take a look at some of the steps that are involved in getting your finances in order.

It is better late than never! This holds true for financial planning as well. You can start at anytime. Of course, it is always better to get your finances in order early, so that you can reap in the benefit for longer period.

Nevertheless, here’s how to go about it.

The first and foremost thing you need to do is prepare a budget.

This is a very simple process that involves noting down all your expenses (and proposed expenses) on one side of a sheet of paper and your income on the other side. The income should always be more than the sum of all the expenses; if this is not the case, then it is time to tighten your purse strings and reduce costs.

Next, start tracking your income and expenses for a couple of months to ensure that you are sticking to your budget. This budget needs to be realistic taking into account your lifestyle and spending patterns.

Following a strict budget will assist you in achieving your financial goals.

You should then decide the time period for the financial goals (e.g. education of a child, retirement, etc.) and whether these are short term, medium term or long term goals. A good financial plan lists down the long term and short term goals of a person, and this differentiation helps one to understand and predict future expenditures better.

For each time frame has different instruments and asset classes that must be invested in. Apart from the time horizon, one should also understand one’s own risk appetite and invest accordingly, that is, the lower the risk taking appetite, the more gilt or debt instruments should be used and vice versa.

It is highly advisable to start saving as early as possible as it will give you the advantage of additional years of investing and you can benefit from the magic of compounding.

For example, if a 25 year old saves Rs 5,000 per month at 10 per cent interest, your corpus will be around Rs 1 crore when you are in your mid-fifties. On the other hand, if you start savings Rs 5,000 a month at 30 years (with the same 10 per cent interest), the corpus after 30 years will be only Rs 60 lakh.

One should also make investments via the ECS route thereby making the whole process automatic, and ensuring that no surplus expenditure gets in the way of your investments and savings. It is advisable to invest in mutual funds through systematic investment plans (SIP). A SIP route ensures that one doesn’t need to time the market; the investment in SIP takes place each month irrespective of the market condition. Thus individuals can benefits from both an up market as well as a down market.

Life and medical cover are two very important investments that one has to make.

Ideally, one should ensure that there is adequate cover to take care of any debts, and provide for their spouse and children, apart from other dependents such as one’s parents.

It is advisable to go in for this cover early on in life, as the premiums will be lower, giving the maximum cover for the minimum premium.

An important aspect of building wealth is tax planning. One should consult with a tax expert to see the best investment and savings avenues through which one can save on taxes. One should also always ensure that the financial plan does not remain stagnant and is up to date.

Summary:

  • Make a budget and stick to it
  • Financial plans must be broken up into goals: short, medium and long term goals
  • Tax planning is important
  • Invest from as early as possible, and via ECS and SIP route

Illustration: Uttam Ghosh/Rediff.com

 

Anil Rego is the founder and CEO of Right Horizons, an investment advisory and wealth management firm that focuses on providing financial solutions that are specific to customer needs.

Anil Rego in http://www.rediff.com

Natarajan

 

Message for the Day…” Make Your Conscience Your Guide and Preceptor…”

You come to Puttaparthi to strengthen your relationship with the Divine. Hold on to it firmly. Put into practice at least one thing you learn from here. It is not enough to chant the names of God. God must be installed in the heart. Make your conscience your guide and preceptor. That will promote true devotion. All external paraphernalia will not help you. There are four mottos which all devotees should follow: (1) Avoid bad company (2) Welcome association with good persons (3) Remember always the transient and the permanent, and (4) Ceaselessly engage yourself in meritorious acts. It is through the above that you become good. Remember, the essence of all scriptures is: ‘Help ever; hurt never.’ If the above basic rules are followed, all countries will be happy and peaceful. Like India, every country is a part of the mansion of planet earth. When we have this broad vision, humanity will be one in spirit.

Sathya Sai Baba

” Confessions of a confused Indian engineer… !!!

A guy who loved English literature but settled for electrical engineering and later, an MBA, pours his heart out…

When I started writing this article, I felt that such a topic might sound enormously blasphemous. I mean, it almost seems like a deliberate attempt to malign the second favourite national profession in our country (the first one is being a doctor). So, before you ask for my address, so that you can come over to beat me up, let me assure you it’s only mypersonal story. No coincidences whatsoever!

The first time I actually felt that it was high time to decide what to do with my life, I was in Class 8. Belonging to the ICSE board, we had to state our choices of stream in Class 9 itself. ‘Good people study commerce, great people study science, losers study humanities,’ everyone around said.

Except my father… he is a chartered accountant. J

I can still remember the heartbroken look on my father’s face, when I showed him the form with ‘Science’ written against ‘Stream of Choice’. Obviously, he would have loved his son to be in the same field as he was. But to think of it, had my father followed the footsteps of my grandfather, we would all be farmers today! Literally, ploughing in the ‘field’!

The first confusion started here.

I took up science because I loved physics and maths. But I equally loved English literature and history. This did raise some eyebrows. How could a sane person possibly love Science and Humanities at the same time?

Years passed and school was over. I went along with the herd mentality, sitting for every single engineering entrance exam I could find.  Medical was never an option (I could never see blood, so no confusion here!). I managed a decent rank and now it was time to decide a branch. This was relatively easy: I hated IT or computer science, the hot-selling electronics was houseful, and so I settled with electrical engineering.

But, it was fun. There were some amazing subjects like maths, mechanical engineering, power systems; and some horrible subjects too, whose names I don’t even remember. Being the President of the Tech Club at my college, I got lot of opportunities to conduct events, arrange activities and hone my technical and leadership skills. People looked up to me. Life was good, and it looked settled.

And one day it happened. It was third year and companies flooded in for placements. It was time to decide what to do next. M Tech? Nah! IT job? Never! Core Company? Err. May be!

And then I asked myself: ‘Dude, are you ready to spend the next 40 years of your life with motors, generators, transformers, transmission lines, substations and power systems?’

My inner voice replied: ‘No’.

I was stuck. What was I going to do with my career? What would happen to the electrical engineering learnt (rather digested) in four years? More importantly, what else could I get into, that I would love doing?

The immediate crazy answer was — Bollywood. But then the reality set in and my mind showed me three beautiful letters — M B A. To cut a long story short, I took a shot at CAT, made it to a premier B-School in Mumbai, and switched to marketing!

Now, when I sit back and retrospect, I feel that instead of engineering, I could have done an Honours course in economics or maybe a BBA, rather than looking like one of the ‘Gadhas’ Aamir Khan spoke about in 3 Idiots. But then I realise that I need to look ahead and forget.

Forget the injustice done to the learning of those four years. Forget the hurdles faced during job searches while switching from one field to another. Because after 40 years, no one in this world will be even bothered about why you did, what you did.

At that stage, you will be answerable to only one person.

And that person will be YOU.

And that person will ask you whether you gave in to peer pressure or did what you loved.

Please follow your heart, it’s never too late. Cheers!

Illustration: Dominic Xavier/Rediff.com

A sufficiently confused corporate professional, Pramit has been working as a Sales & Marketing Professional in the Software Product Industry for the last three years. A trained singer, Toastmaster, and theatre actor at Bengaluru, he seizes every opportunity to gain cheap publicity and limelight, whenever he is not working, eating and sleeping.

Source….www.rediff.com

Natarajan

Message for the Day…” Difference between Ordinary Person and the Spiritual Aspirant…”

The spiritual aspirant should note the distinction between the conduct of the ordinary (sahaja) person and the spiritual aspirant. Rice in its natural state and boiled rice —can these two be the same? The hardness of natural rice is absent in the boiled one. The boiled grain is soft, harmless, and sweet. The unboiled grain is hard, conceited, and full of delusion. Similarly both types of individuals are souls (jivis) and humans, no doubt, but those immersed in external or multiplicity based illusions (avidya-maya)are ‘people’, while those immersed in internal or knowledge based illusions (vidya-maya) are ‘spiritual aspirants’. Though the Lord is situated in every heart, spiritual practice is necessary so that they may discover it for themselves, right? It isn’t possible for us to see our own face! We need a mirror! So too, a basic path, a spiritual practice, is necessary.

Sathya Sai Baba

An Australian Baby with 100,000 FaceBook Fans…!!!

Letitia Rowlands

 in http://www.essentialbaby.com.au

Writer

View more articles from Letitia Rowlands

Egypt with her parents, Shana Evers and Fortafy (real name Sam Ratumaitavuki).

Egypt with her parents, Shana Evers and Fortafy (real name Sam Ratumaitavuki). Photo: Instagram

She may be only eight months old, but baby Egypt has already amassed more than 100,000 Facebook fans and received a letter and gift from royalty – Hollywood royalty, that is.

The adorable Australian girl has attracted international attention after a photograph of her wearing a Kardashian Kids beanie was shared on the clothing label’s Instagram account.

The picture has received almost 30,000 likes since it was posted on June 4, with people around the world falling in love with the baby’s big eyes and chubby cheeks.

The photograph’s popularity prompted reality star sisters Kim, Kourtney and Khloe Kardashian to send Egypt and her parents a handwritten note along with some pieces from their clothing range.

The Little Miss Egypt Facebook page has since attracted more than 106,000 “likers”, with fans describing her as “the most beautiful baby ever”.

Egypt is the daughter of Australian rapper Fortafy and his partner Shana Evers.

Fortafy, whose real name is Sam Ratumaitavuki, told Daily Mail he was thrilled with his daughter’s new found fame.

“It was awesome to be acknowledged and really made me proud as a parent,” he said of the attention his daughter’s picture attracted on the Kardashian Kids Instagram feed.

The proud dad said it was exciting for the family received a personal letter from the Kardashian family as his partner is often told she resembles Kim Kardashian.

“Shana’s been getting that for years. People have always said she looks like [Kim],” he said.

The letter from the Kardashians reads: “Dear Shana, Fortafy and your beautiful daughter. Hope you love these new pieces from our Kardashian Kids collection. Xo Kourtney, Kim and Khloe.”

Interest in the baby girl’s Facebook page continues to grow with the number of fans from around the world increasing every day

Good morning little miss Egypt. I’m a big fan from the Philippines, your morning posts really compliments my day,” one new fan wrote.

“She is just too cute!! One million likes won’t be enough!!” said another. “Little Miss Egypt is breaking the internet … in the cutest way possible.”

Egypt’s popularity has even prompted people to create their own memes featuring her picture and commenting on her gorgeous eyes.

The family is no stranger to fame, as Fortafy has 3.9 million fans on his own Facebook page.

Fortafy told Yahoo7 he and Ms Evers had been approached about Egypt doing modelling work.

“We’ve been approached by a lot of companies but we want to make sure it makes sense,” he said.

“It’s not about the money, but the right fit.”

Source….www.essentialbaby.com.au

Natarajan

Chinese Farmers Turn Rice Paddies Into Stunning Works Of Art….

Farmers in Shenyang, China, created these dazzling rice paddy images to pray for blessings, according to Imagine China. The locals inLiaoning province, members of the Xibo ethnic group, create a 3D effect with different varieties of rice saplings. The finished works span about 25 acres.

Imaginechina / Corbis
A 3D rice paddy painting is displayed at a paddy field in Shenyang city, in northeast China’s Liaoning province, on June 22.
Source…www. huffingtonpost.com
Natarajan

How Fast the World has Changed …!!!

The World Has Been Through Some Changes…

It’s amazing how fast the world has changed in the last 20 years. It seems that we just need to blink and something new comes up, and the children we once taught now teach us. But are all these changes for the best? I’m not so sure. Instead of crying about it, though, I’d rather have a good laugh!funny cartoons world changes

funny cartoons world changes

funny cartoons world changes

funny cartoons world changes

funny cartoons world changes

 

funny cartoons world changes

funny cartoons world changes

 

funny cartoons world changes

funny cartoons world changes

funny cartoons world changes

funny cartoons world changes

funny cartoons world changes

funny cartoons world changes

funny cartoons world changes

funny cartoons world changes

funny cartoons world changes

Source…www.ba-bamail.com

Natarajan

 

 

Message For the Day…” Don’t waste your Precious Time…Dedicate every minute to discovering truth and contemplating on ever-true God…”

Discarding the path and wasting one’s life is an insult to the very name of the species! Instead of getting enslaved to the evanescent and the false, and wasting precious time in their pursuit, dedicate every minute to discovering truth and contemplating on the everlasting, ever-true Lord. Such dedication is the real function of the soul. On the other hand, spending time in illusory appetites is the drag of the world. One shouldn’t fall victim to the poisonous attractions of worldly luxuries or the wiles of seductive beauty. One day, all these fascinating scenes will vanish as a story unfolded in dream! The characteristic of a spiritual aspirant is the attainment of truth, not the search of the unreal in this evanescent world. In this false world, there can be no true living (sathya-achara). There can be only false living (mithya-achara). True living consists in the realisation of the Lord. This must be borne in mind by everyone every moment of their life.

Sathya Sai Baba

” வாடகை காரில் பயணம் செய்த ஒரு முதல்வர் …” காமராஜர் …

பொ.க.சாமிநாதன் எழுதிய “மூன்று முதல்வர்களுடன்’ நூலிலிருந்து….

காலை 8.30 மணிக்கு மேல் பார்வையாளர்கள் யார் வந்தாலும் அவர்களை முதல்வர் காமராஜர் சந்திப்பது வழக்கம். ஒருநாள் காமராஜரைப் பார்க்க

kdrkamaraj

முன்பின் தெரியாத ஒரு டாக்சி டிரைவர் வந்திருந்தார். “ஒரே கதவு உள்ள “கேசல்’ டாக்சியை வைத்து தான் பிழைத்து வருவதாகவும், அதனால் வண்டியில் ஏற, பயணிகள் மிகவும் சிரமப்படுவதாகவும், இரண்டு கதவுகள் உள்ள “பியட்’ வண்டி கிடைத்தால்தான் நல்லபடியாக தான் வாழ்க்கை நடத்த முடியும் என்று முதல்வரிடம் கோரிக்கை வைத்தார்.

அந்தக் காலத்தில் “பியட்’ காரை பணம் கொடுத்து உடனே வாங்க முடியாது. அரசு மூலம் கோட்டா பெற வேண்டும். கார் விற்பனையில் ஒருசில சதவீதம் அலுவலர்களுக்கும், எம்.எல்.ஏக்கள் போன்றவர்களுக்கும் ஒருசில சதவீதம் டாக்சி ஓட்டுபவர்களுக்கும் ஒதுக்குவது வழக்கம். அதுபோல தனக்கு ஒதுக்கும்படி அந்த டிரைவர் கேட்டார். அந்த டிரைவரின் பெயர் கந்தசாமி.

முதல்வர் என்னை அழைத்து, “அந்த டிரைவர் சொல்வது உண்மையா? அவர் சொல்லியபடி அவரது வண்டி ஒரே கதவுள்ள வண்டியாக உள்ளதா, அது அவரது வண்டிதானா’ என்று பார்த்து வரச் சொன்னார். நானும் அவ்வாறு பார்த்து, அவர் சொல்வது உண்மையென்று சொன்னேன்.

முதல்வர் காமராஜர் உடனே என்னிடம், “”அவர் கேட்பது நியாயமாகத்தான் இருக்கிறது. உள்துறை செயலரிடம் சொல்லி அவருக்கு ஒரு பியட் கார் ஒதுக்கீடு செய்யும்படி நான் சொன்னதாகச் சொல்லவும்” என்றார்.

சில மாதங்கள் கழித்து அந்த டிரைவர், முதல்வர் வீட்டிற்கு மீண்டும் வந்தார். என்னைப் பார்த்து, “”ஐயா, தங்கள் உதவியாலும் முதல்வரின் உத்தரவுப்படியும் எனக்கு ஒரு பியட் கார் ஒதுக்கீட்டில் கிடைத்துவிட்டது. புது வண்டி வாங்கி வந்துள்ளேன். முதல்வரை இந்த காரில் அமர வைத்து சிறிது தூரமாவது சவாரி செய்ய வேண்டும் என்பது என் ஆசை. முடியுமா?” என்று கேட்டார். நான் “”சிறிது நேரம் பொறுத்திருங்கள். ஐயா கீழே வருவார்கள். அவரிடமே கேளுங்கள்” என்றேன்.

முதல்வர் வந்தவுடன் டிரைவர் அவரிடம் கேட்க, காத்திருந்த பார்வையாளர்களிடம் “”இதோ வந்து விடுகிறேன்” என்று சொல்லிவிட்டு சிறிதும் தயங்காமல், காரில் ஏறிக் கொண்டார் காமராஜர். சிறிது தூரம் பயணம் செய்து அந்த டிரைவரை மகிழ்வித்தார்.

பின்னர் திரும்பி வந்து காத்திருந்த பார்வையாளர்களைப் பார்த்தார். அனைவருக்கும் ஒரே மகிழ்ச்சி. ஒரு முதல்வர் இவ்வளவு எளியவராகப் பழகுகிறாரே என்று தங்களுக்குள் பேசிக் கொண்டார்கள். அந்த டிரைவரும் தான் ஒரு கோட்டையைப் பிடித்த பெருமிதத்தில் மகிழ்ச்சியோடு திரும்பினார்.

முதல்வர் காமராஜர் தான் ஆட்சி செய்த காலம் முழுவதும் சென்னையில் கூட அரசு வாகனத்தைப் பயன்படுத்தவில்லை. “எம்.டி.டி.2727′ என்னும் செவர்லே காரைச் சொந்தமாக வைத்து உபயோகித்து வந்தார். அதேபோல் சென்னையில் தங்குவதற்கும் அரசு கட்டடத்தை உபயோகிக்கவில்லை. வாடகை வீட்டிலேயே தங்கியிருந்தார். தான் இறக்கும்வரை காமராஜர் அந்த வீட்டிலேயே குறைந்த வாடகைக்குத் தங்கியிருந்தார்

Source…blog.dinamani.com

Natarajan

Why Do People say “Say Cheese” when taking Pictures …?

Why do people say “say cheese” when taking pictures?  Also, why did people not smile in old pictures and when did they start?

smiling-little-girls“Say cheese!” This simple command is meant to elicit a smile from potential photography subjects no matter what their age. It has become so commonplace that the word “say” is often no longer uttered. A simple “cheese” spreads a smile across anyone’s face, and with a click of a button, that smile is captured for eternity.

No one can say for sure who coined the phrase “say cheese” for use in getting people to smile, nor can we say with 100% certainty why that particular phrase was chosen as the smile spreader. The leading theory, however, as to the “why” of “say cheese” is that the “ch” sound causes one to position the teeth just so, and the long “ee” sound parts their lips, forming something close to a smile.

The phrase appears to have been first used in this way around the 1940s, with one of the earliest references appearing in The Big Spring Herald in 1943:

Now here’s something worth knowing. It’s a formula for smiling when you have your picture taken. It comes from former Ambassador Joseph E. Davies and is guaranteed to make you look pleasant no matter what you’re thinking. Mr. Davies disclosed the formula while having his own picture taken on the set of his “Mission to Moscow.” It’s simple. Just say “Cheese,” It’s an automatic smile. “I learned that from a politician,” Mr. Davies chuckled. “An astute politician, a very great politician. But, of course, I cannot tell you who he was…”

It is thought the “politician” he was referring to was none other than Franklin D. Roosevelt, who Ambassador Davies served under.  So did President Roosevelt himself come up with the phrase or simply learn it from someone else?  Nobody knows, but soon after, saying cheese became a common phrase for people to utter when trying to get people to smile in photographs.

You wouldn’t have had to worry so much about this cheesiness in the Victorian era (1837-1901). During this period, etiquette and beauty standards were much different than they are today. In Victorian times, a small, tightly controlled mouth was considered beautiful. In fact, photographers during this era elicited the desired portrait expression by having their subjects “say prunes”. Smiles during this time were only typically captured on children, peasants, and drunks.

One of the most common culprits blamed for the neutral expressions on subjects during the Victorian era is the long exposure time for photographs to be taken. To understand where this reasoning comes from and why it is likely incorrect, you need a very brief history of photography.

The creation of permanent images began with Thomas Wedgewood in 1790, but the earliest known camera image belongs to French inventor Joseph Nicephore Niepce in 1826. The photograph is entitled, “View From the Window at Le Gras”. It is historically said to have required 8 hours of exposure time, but in reality it could have taken as long as a few days.

An exposure time of this length was obviously not conducive to capturing images of people and so the quest to do so continued. In 1839, Louis Daguerre introduced a new form of photography, Daguerrotype, where a positive of the image was developed directly on the photographic plate. This did not allow for reproduction of shots taken, but it did cut down exposure time significantly. Daguerrotypes remained extremely popular until the 1860s. From 1839 – 1845, exposure time for Daguerrotypes was about 60 – 90 seconds, which was a long time to remain motionless and hold a smile, but not impossible.

By 1845, exposure time on daguerrotypes was cut to only a few seconds. The majority of pictures we see are daguerrotypes taken after 1845, thus eliminating the blame for the lack of pearly whites shown by our ancestors of the Victorian era on long exposure time.

Speaking of pearly whites- the next most common reason cited for people not smiling in photographs in the Victorian era is blamed on dental hygiene. The most common cure for sick teeth during this time was to pull them out. There were no caps or other fixes to make chipped or broken teeth more aesthetically pleasing. So perhaps the reason tightly controlled mouths were considered more beautiful than beaming smiles in the Victorian era was in part due to dental hygiene.

Keep in mind too that daguerrotypes were expensive. The rich were more likely to be photographed than the poor, and even then, most families were only photographed on special occasions, perhaps only even once in a lifetime. The majority of these photographs were taken in a professional photography studio. There was nothing casual about photos taken then and the etiquette for formal occasions at that time was to act “prim and proper”. What was socially acceptable in photography during the Victorian era mirrored the beauty and etiquette standards of the times.  You wouldn’t want to pay all that money and have the one time you’re photographed in your lifetime showing you smiling like a drunkard!

Fast forward to 1888. This is the year George Eastman founded Kodak, a company most widely known for its production of photographic films. Kodak changed the face of photography in more ways than one. Kodak brought photography to the masses and to all occasions ranging from super casual to superbly formal. The company introduced its first pocket camera at a cost of $5 ($135 today), the Pocket Kodak, in 1895. It was the introduction of Kodak’s $1 Brownie camera in 1900, however, that changed the world of photography forever.

The Brownie camera was intended to be so inexpensive and so simple to use that anyone could take a picture. In fact, the Kodak slogan at this time was, “You push the button, we do the rest.” Photography as a hobby was now a possibility. Capturing “everyday” moments was now a reality- more and more smiles were now captured on film.

With the invention of film also came the movie industry. Although the majority of films made before 1930s were silent, everyday moments and facial expressions were reproduced on the big screen for all to see. Movie stars of that era were captured in photographs with *gasp* smiles. As we know, the media and Hollywood have a huge influence on social etiquette and beauty standards. As more and more celebrities were captured on film smiling, the smile became more socially accepted as beautiful and as an acceptable thing to do in photographs.

So when did it become tradition for people to smile in photographs? This happened in the beginning of the 1900s, due to more and more casual moments being caught on film both in Hollywood and amongst family and friends.

Bonus Facts:

  • George Washington is one of those who had incredibly bad teeth and by his inauguration in 1789, he had only one natural tooth remaining- this would have been hardly a dignified look in his Presidential portrait, had he chosen to smile. ;-)  Despite what you may have heard, though, he did not have wooden dentures.
  • Today, one of the more well-known and inexplicably popular photographic “smiles” for teenagers and some young adults is the “duckface”. This is usually performed by females during self-photographs with said photography subjects pressing their lips together in a half pout, half kiss formation, causing them to look very similar to a duck’s bill. This may be yet again owing to the influence of Hollywood, with the obsession with botoxed, full-looking lips. Who knew Daisy Duck would become the new face of “beauty”?

[Smiling Girls Image via Shutterstock]

Source…www.today i foundout.com

Natarajan