” 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

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

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

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

Eat Right Food for Healthy Life ….

As the world celebrated Yoga Day in style, it’s useful to remember that eating right is a big part of the Yogic way of life. Our wise ancestors laid down the principle that we are what we eat and that the right food can help us along the route to wellness of body and mind.

Here are some recipes ideas for Sattvic dishes, which contribute to the maintenance of Sattva guna — the state of being calm and peaceful.

Tabbouleh, a healthy salad

Photographs: Food Stories/Creative Commons

  • 1 cup broken wheat (dalia)
  • 2 cups water
  • 1 cup fresh mint, finely chopped
  • 1 cup fresh parsley, chopped
  • 2 tomatoes, chopped
  • 2 tbsp lime juice
  • 2 tbsp olive oil
  • Salt and pepper to taste

Soak the wheat in water for an hour or so. All the water should be absorbed. Drain, if there is excess water. Add all the other ingredients and mix well. Allow to stand for half an hour for the flavours to develop. You can add some pomegranate kernels to give this salad a sweet twist.

Yogic Chocolate Orange Cake, a sweet that’s good for you

Photographs: Stephanie Kilgast/Creative Commons

  • 1 1/2 cups flour
  • 1/3 cup cocoa powder, preferably organic
  • 1 tsp baking powder
  • 1 cup raw sugar
  • 1/2 cup vegetable oil
  • 2/3 cup orange juice
  • 1 tsp vanilla essence
  • Zest of 1 orange
  • 2 tbsp fruit vinegar

Grease and line a 9-inch cake tin. Pre-heat the oven to 180 deg C. Combine all the dry ingredients in a bowl. Stir all the liquids, except for the vinegar, in another bowl, whisking until smooth. Fold liquids into dry ingredients and then add the vinegar. Pour into the prepared tin and bake for 25-30 minutes. Turn out once cool. This cake can be topped with melted dark chocolate.

Dal and palak soup, a nourishing meal

Photographs: Angus Dwyer/Creative Commons

  • 1/2 cup moong dal, washed
  • 2 teaspoons vegetable oil
  • Pinch of asafoetida
  • 1 tsp cumin seeds
  • 1/2 inch piece ginger, chopped
  • 1 green chilli, chopped
  • A pinch of turmeric powder
  • 1 bunch palak, cleaned and chopped
  • Salt to taste
  • 1 tbsp lime juice

Heat the oil in a pressure cooker, add the asafoetida and the cumin. Follow with the ginger and green chilli. Add the dal and turmeric, saute for a minute. Add two cups water and pressure cook for 6-8 mins.

Release pressure, and mash the dal. Add the palak and the salt. Add more water if soup is too thick. Heat until the palak is just cooked, add lime juice to taste and serve. You can add a spoonful of cooked rice to the soup bowl to turn this into a substantial meal.

Tips for Yogic cooking and eating

 

 

  • Avoid animal products, overly spiced and greasy foods
  • Eat freshly cooked foods
  • Do not consume stale food, food that’s been refrigerated too long or microwaved food
  • Eat local and seasonal
  • Do not cook in a state of anger or distress
  • Eat calmly, slowly, mindfully

 

Source…www.ba-bamail.com

Natarajan

Message For the Day…” Develop Self Confidence and Lead a Successful Life…”

Sathya Sai BabaEmbodiments of love! Where the six qualities of zeal, determination, courage, intelligence, ability and heroism are present, there Divine help will manifest. In any field, at any time, success is assured to the person endowed with all these six precious qualities. They help you confront various difficulties from time to time and contribute to your all-round well-being. Just as a student must pass various tests and examinations, these qualities are also subject to trials. Such trials are your stepping stones to high achievements. These trials come in the form of losses, troubles, pains, sufferings and calumny. Unfortunately, many students and elderly alike, lack self-confidence and have become a prey to peacelessness because of their involvement in sensual pleasures. Youth, students and everyone must develop self-confidence. In fact, self-confidence should be the life-breath of every person. Develop self-confidence and embark on the journey of life with faith in God….

” I am Not only a Taxi Driver…But Also a Goodwill Ambassador of My Country” …

Shiv Khera’s experience in Singapore:
 
Six years ago in Singapore I gave a taxi driver a business card to take me to a particular address. At the last point, he circled round the building. His meter read 11$, but he took only 10. I said Henry, your meter reads 11$ how come you are taking only 10. 
 
He said Sir, I am a taxi driver, I am supposed to be bringing you straight to the destination. Since I did not know the last spot, I had to circle around the building. Had I brought you straight here, the meter would have read 10$. Why should you be paying for my ignorance? He said Sir, legally, I can claim 11$, but ethically I am entitled to only 10. He further added that Singapore is a tourist
destination and many people come here for three or four days. After clearing the imigration and customs, the first experience is always with the taxi driver and if that is not good, the balance three to four days are not pleasant either. He said Sir I am not a taxi driver, I am the Ambassador of Singapore without a diplomatic passport.
In my opinion, he probably did not go to school beyond the 8th grade, but to me he was a professional. To me, his behavior reflected pride in performance and character.That day I learned that one needs more than professional qualifications to be a professional.
 
In one line, be a “Professional with a human touch and Values ” that makes all the more difference.
Knowledge, skill, money, education, all comes later. First comes Integrity.
Professionalism:

“It is NOT the job you DO,
It is HOW you DO the job. 
Source….Unknown…input from a friend of mine.
Natarajan

“If you don’t like something, change it. If you can’t change it, change the way you think about it.”

 

You may be in daily interaction with negative people, be they friends, family members, a romantic partner or colleague. You love them, you care about them, you can’t just cut them out of your life, but they are negative and their negativity is eating away at you. What can you do?
The best way of dealing with life’s challenges is to take a good look at ourselves and take responsibility for what we think, feel and do.
Never give your power away by blaming others for what you have or don’t have, what you feel or don’t feel. Once you do so, you’ll become a victim of circumstance, and instead of using your time and energy to beat life’s challenges, you’ll sink to a dark and miserable place.
Here are 10 smart, positive and effective ways of dealing with the negativity of the people close to you:
 
1. Give up the need to complain
Make sure you are taking responsibility for your feelings and mood. Don’t go complaining that other people’s negativity is affecting you, because it will only create more negativity. Take responsibility for your thoughts and feelings and see what you can do to make yourself feel better and change the existing situation.
Whoever has limited knowledge of human nature and seeks happiness by changing everything but his own attitude, will waste his life in futile efforts.”
Samuel Johnson. 
2. Similarity Attracts
Good brings about good, bad brings about bad, and if we want to or not, we pull into our lives events, situations and people that reflect our internal state. Ask yourself: “How am I feeling? Am I happy, excited, thankful and calm? Or am I anxious, frustrated and judgmental?”
You may find that you radiate misery to the environment and that part of the negative energy surrounding you is in fact a reflection of yourself.
3. Don’t believe everything you think
This is definitely one of the hardest things to learn. Look closely at the negative people in your life. What is it about them that gets you going? What affects you so much? Is what they are doing really that bad or is your brain playing games with you?
Remember, the brain is configured to look for trouble, and it focuses on other’s negative qualities. It’ll be very hard to get it to see the positive side of things, but it doesn’t mean it’s not there.
4. Focus
Ask yourself: “Am I ready to find the good in these people? Am I able to see their good qualities?” Let the answers come naturally, make sure you are being honest with yourself.
If you feel like you’re insistent and won’t change the way you are looking at people and situations, don’t give yoursef a hard time. This takes time and patience, and when you are ready, you’ll make this step. Remember, we all have good in us.
It’s so hard when I NEED to do it and so easy when I WANT to do it.
Annie Gottlier.
5. Don’t make their problems YOUR problems
For their sake and yours, make sure you are not adopting their problems and becoming negative about them yourself. If you want to cure negativity, sliding down right along with the negative person won’t help, it will just make it worse by validating their thought and behavioral patterns. Rather, focus on solutions, not problems. Offer that and nothing else.
6. Taking ownership
Instead of being a victim and judge, blame and pass criticism, you need to take full responsibility for your thoughts and feelings, and take a different approach.
Everything that annoys us in others can lead us to a better understanding of ourselves.
Carl Jung.
Don’t waste your time obsessing and thinking: “They are ruining my energy, making me miserable, their negative energy is infecting my own…” Instead, say to yourselves: “How can I use this for my advantage? Is there something I’m doing wrong? How can I improve the situation and increase my positive energy to be stronger than their negative energy? What do I learn from all of this?”
7. Come with your own positive energy
Focusing on negative energy cannot create positive energy, and the other way around is also true. Focus on making yourself happy enough that you have great positive energy, and you will see the negativity cringing away from it.
Remember, energy is contagious!
How to put up positive energy? Focus on the things you like about the negative people, focus on things you love about yourselves, life and the world around you. Think of loved ones, of things that make you happy. That way, you will increase the positive energy exponentially.
If you incur negative energy by thinking about bad things, the opposite is also true, and you’ll be able to hopefully ‘wake up’ your fellow workers. You can’t focus on them both at the same time, so choose – happiness or misery.
8. Be part of the change you’d like to see
The world is no more than a reflection of who we are, deep inside. Try to go for a feeling of well-being, to live a positive life, a merry life, that has love, trust, and the pursuit of happiness. We cannot change others, but only ourselves. This is the only way to change the world.
Think of it this way: When you are happy, the world seems happy, and the sky is open and blue. When you are sad, the world seems sad as well, and the sky is grey and uncaring, leaving you alone to deal with your pain.
Flow with life events, don’t resist them, live in harmony and be the change you wish to see in the world.
Never underestimate your power to change yourself. Never overestimate your power to change others.
Wayne W. Dyer.
9. Awareness and acceptance
Work on understanding life’s inevitable duality – accept the negative with the good. Don’t harp on people’s negativity, don’t judge or fight them. Let them be, look and accept. Remember, your world is no more real than a reflection of who you are, deep inside. Don’t try to bring everyone into your own world, accept theirs as no less real than yours, and their point of view as no less valid.
The hardest part of acceptance is accepting that, sometimes, some people cannot be changed. Their negativity is something they will defend to the last drop. Not because it gives them pleasure, but because they think it is a natural part of themselves. Even though it’s never too late to try and change that point of view, some never will. It is up to you to either accept their negativity and react accordingly, or take your distance from them. This is especially hard when it is someone we love.
Knowing your own darkness is the best method for dealing with the darkness of others.” |
Carl Jung.
10. Move forward
Dealing with negativity and trying your best to disspell it can be exhusting, and at some point you have to move on with your life in a positive way. Find a path that allows you to go on with your life without the negativity of others, but also without the regret that leaving a loved one or friend behind may cause you.
Make your feelings known to them, make them understand they are hard to be around, and slowly decrease your contact. If they want you to stay in their lives, they will be forced to at least pretend to be less negative, and pretending is the first step to actually becoming less negative. The more we act a certain way, the more we believe in it.

Image courtesy of: Michal Marcol / freedigitalphotos.net

Source….www.ba-bamail.com
Natarajan