Tax Saving plans... What a gimmick??!!

Hello Friends,

Tax is the percentage of your income or services or goods transacted, to be paid to the government.

Since, it is a share of one's responsibility towards the country, it is acceptable by one and all.

It is also say a share paid for utilising natural resources, so can be done rationally...

I am not against these WORDS TAXATION, TAX, but in conflict with the loot done in the name of it... 

Let me justify my point as below :

* Taxes utilised properly only for the development and betterment of Ecology, Society, then it is good... But does it happen?

* The source of revenue by Government for Growth of the Country, is a loot done for vested interests of some white collared officials, industrialists, capitalists.

* Very few instances are to be acknowledged for the work done by government with these taxes like infrastructure development in selected states or cities...

* Hard earned money is taken away in the form of so many taxes, that people sort to illegal tax evasive activities.

* Loop holes in the taxation system, has left no stone unturned for an honest tax payer in terms of exploitation, stress and Corruption in The Financial System Hierarchy

* The most erratic education system, has inculcated competitive approach, mindset for gains, race and insecurities.
This leads to greed, fear, irrelevant rush to chase money, practices of betrayal and unwarranted accumulation of massive wealth in fewer hands.

* This insecurity leads to chase for jobs, survival, peer pressure

* It is a fact that everything in world in the  history n today, is ruled by Fear and Greed. Majority of rulers have used these as weapons for amassing public's wealth, have created imbalance in the country, etc

* There is no financial, taxation, social, economic system in place, which defines the human goals collectively, responsibility towards Nature, Earth, Equality in rights, status, bearing fruits of Flourishing economy, Equity in rational usage of Natural resources, etc

There are many such cruel facts that shows how mankind has always been a prey to vested interests, how Ecology is being harmed, how a common Earthian faces issues from so called Powerful Rich.

Tax, is one of such gimmick, used by corruptive practices of small group of selfish people.

Simple taxation or People friendly financial norms should be put in practice, so that willingly, income earners share a part of that for the society with Happy face...

Appreciate your feedback on the same...

How to Plan For Achieving Your Desired Goals ?

Hello Friends,

Hope you read my previous mails on Correct Planning, Importance of Financial Planning and Pros & Cons to Financial Planning along with the Alternative Solution as an Ideal Finance Planning

I got queries on what is Desired Goal? How to achieve it? How to plan for it?

Lets get started....

Roadmap to Success and Achieving Desired Goals

> Identify what is desired goal

> Ask yourself as to Why do you need to have and desire to achieve such goal? Is it necessary?

> Talk to your closed ones about the same, so that you can get valuable inputs and their confidence for the same.

> Identify the nature of desired goal (Long-term, medium-term or short - term)

> Identify the nature of Goals (Financial / Social / Family / Health related / some winning competition / Career / Life Goals, etc.)

> Write down the Goals first in a piece of paper

> Do a SWOT Analysis (Strengths - Weakness - Opportunities - Threats) for Self, so as to know, whether that goal is necessary and achievable by you

> Do elaborate research on the Goal . You should read any success stories who have already achieved such desired goals, Talk to peer group, Confidants, seniors about your goal, be optimistic and have faith on that  goal, etc.

> Keep on adding the Task completed in that direction, update your diary where you wrote your desired goals. This will tell you how much more and when can you achieve the same.

> You may get roadblocks in the way. If your determination is firm, you would find out the way through them too.

> Many say to Have a Plan B, Some Like currently famous Hollywood actor said that he never has a Plan B, coz that shows you had no confidence on what you desired. However, in today's uncertain, fast & dynamic world, it is always to have a Plan B. Here I mean that desired goals cannot be changed but maybe    you can change your path towards it. Desired Goals, according to me depends a lot on your thoughts,            likes, dislikes, wants for something, fascination, passion. Those can only change, if you have had a haywire    thinking system or got influenced by something than inspired to achieve it.

From the last point, let me share what may cause to change our desired goal or failure to achieve it :-

*  It is always good to have a wise thinking on your desired goals.

* Fulfilling one's basic needs like Food, Shelter, Clothing is a basic goal for any human to survive. Today, in India and many around the world, fix their desired goals to achieve these mere basic needs of life. It is due to Disappropriation in Allocation of resources, capital, Individualistic approach, absence of a Proper  System in Society for fulfilling these needs, absence of proper education to be Self-reliant.

* On the contrary,  Mostly current Education System inculcates in the generation to be competitive with others, success only in    terms of a set financial status of society, be dependant on job-work which makes one just a worker,              labourer dependent on some superior in status, welath, knowledge too maybe, etc.

* Inferior complexes are developed, when you compare yourself with others' goals or successes.

* Lack of a Health & Fitness Regime, that makes you exhausted soon. That leads to delay, want for holidays, sick leaves, etc

* Lack of Government policies, which are friendly to follow and void of all corruptive and Political Practices.

* Lack of Sharing or relaying of knowledge by the Experienced or Successful persons to such people who lack those things. Thus, Lack of proper and practical systems for skill based education.

* Self-centered, envious people you work with, hampers your growth.

* Lack of Proper Financial System in Countries to promote Healthy Living and Survival in the field of Business.

* Lack of faith in fulfillment of your goals

These are some brief points I could think of as how to fructify your desired goal and at the same time the facts of practical roadblocks, we may face in this journey of fulfilling the goal

There is an urgent requirement for Harmonious living, education for understanding Self, family, society, country, humans, every creation of Nature. This is possible only and only with An Alternative Proposal for Universality in thought, actions, understanding the Basic Truth.

I have come across such proposal, proposed by experienced Spiritual Guru, Shri Agrahar Nagrajji, who confined all this information in his literature called Madhyastha Darshan (Jeevan Vidya).

There are many workshops conducted all around the world and many such selfless groups who have come together for their own Understanding and living with Common Goals. Click the following link to get more information on this Alternative Proposal to Ideal Living :

http://www.jvidya.com/

Cons of Financial Planning And An Alternative Solution to Mankind !!!!!

Hello Friends,

Hope you checked out my two previous topics on Planning And Financial Planning.
The links to them :-
https://equityrecos.blogspot.com/2020/07/correct-planning.html?m=1

https://equityrecos.blogspot.com/2020/07/how-important-is-finance-planning-know.html?m=1

Above topic was the Pros to Financial Planning. This current topic is An Extension of cons and solution...

Who doesn't like Alternative, choices ?😀

If You Belong to the School of thought ---- that Whatever is going on, is all good and Nothing much can be done about the already done damage to Nature, resources, Imbalance in Status, etc. Then pls, do not continue reading further...

If You are Optimistic about a good future for all of us, then go on reading...

Cons to Financial Planning : -

• Take life as it comes, then why the need to plan for anything.

• Over-emphasis on Money has resulted in exploitation, over-utilisation of resources, increase in Two Guiding factors today for any business or financial Markets i.e. FEAR & GREED; imbalance of Capital distribution and decreasing faith in Human and Humanity.

• How can we connote a material to a living being? Why the very need of materials and over-importance should be given to them for exchange and all dealings between humans?

• The brain-washing ideologies of Diminshing Laws of Returns, Less resources to meet wants, etc are being taught to students of Economics and Commerce. 

• Have these people actually worked on any farms and seen that over-use of pesticides, fertilizers have made such concepts of diminshing returns true? Are we ever taught to be satisfied in what we have or to keep a check on our un-warranted wants for selfish comforts and gains? Has the cirriculum incorporated on Effective and Rational way to use our Natural resources?

• We should be thankful that Mother Earth gives us million times more than we sow. It is our increasing greed and wants, that resources, ends to meet those wants fall short.

• Literacy is given so much importance today. Its not bad at all, but just see the constructions of buildings, forts, ports, infrasturcture many 1000  would make us go crazy and doubt that did such illeterate ople, our ancestors build these?!!!
• There is a Gujarati Saying - BHANNTAR AAVYU PAN GANNTAR NAHI, meaning, people today are educated, but do not have the essence of being skilled and educated in literal sense. My Granny, at the age of 85 years, was so fast in calculations with using brains and no calculators. We have forgotten to use our brains properly and have got handicapped to machinery and technology at an alarming rate.

SOLUTION - AN ALTERNATIVE TO CORRECT FINANCING (UNDERSTANDABLE VALUE EXCHANGE PROGRAM) 

• Get a System, which provides for our basic needs easily, equal distribution of capital, resources to the Earthians (Humans on Earth Planet)

• There is a need to revamp the overall Financial System. It cannot be done without the proper system to build Whole Family System, Village System, Social System, Country and whole World as one Big System

• The Education System should be restructured properly to first include Human Values at Primary Level, then Skill - based education at Secondary level, Rational inclusion of youth in whole Civic System, Village System (a place of 100 families together and a whole City comprising of many such villages and many such inter-dependant cities making one country) at Higher level of Education, Experienced people being the mentors and guide to such young generation.

• Unless and until Moral Science, Environmental studies, Human Values do not find proper place in the Education System, Mankind will always be struggling with all current issues of Poverty, illeteracy, Competition, Politics in work place, improper allocation of funds, False scarcity of resources, Lifestyle disorders, Communal feuds, Wars, Global Warming, etc.

• I see Corona Pandemic as a Great Opportunity for Mankind to Hit the Reset Button in terms of Self-time, Self-introspection, Realisation of his wrong-doings to self, Nature, people, enivronment around, Rectify them by working on the Wrongs seriously than just continuing the Game the Same way.

• This is the Time to Unite and not be Intolerant to Humans, animals. The scope for Anti-social elements arises due to No Proper and Correct Human-Centric Education, Comparisons made with respect to Community, Nature of Work, Race, Colour, Class, Less Availability of resources to fulfill Basic Needs, Improper Social Systems, Judicial Systems, Civic Systems, etc.

• THE GIANT DEVIL OF GREED, WANT FOR MORE, has to be addressed sooner than later.

• Maybe, then , NATURE WILL TAKE ITS BATON TO TEACH US HUMANS THAT WE ARE ITS CREATIONS, NOT CREATORS.....
• 
  

HUMANITY WITH VITAMIN H (HEALTH), VITAMIN L (LOVE), VITAMIN V (VALUES) and MINUS THE VITAMIN M (MONEY - CENTRIC) + Valuation OF HUMAN EFFORTS = The Solution for Sustainenance and Glorification of Planet Earth and us Humans.

1. THATS WHAT I PHRASE AS 'UNDERSTANDABLE VALUE EXCHANGE PROGRAM)🙏👍

How important is Finance Planning.. KNOW THE FACTS !!!!

Hello Friends,

Hope you guys are enjoying my blogs on Health and Finance.
https://healthfundastic.blogspot.com/?m=1
https://equityrecos.blogspot.com/?m=1

I would love to hear your feedback for my knowledge and scope for improvment. Also Do suggest any Topics you would like me to write on.

Do read my previous blog on correct Planning https://equityrecos.blogspot.com/2020/07/correct-planning.html

Life is uncertain, many events, natural occurances can be irregular and unusual. Still, Correct planning helps us to be organised and keeps us aware and Alert...

Today, people are obsessed with Planning, though, how far it is correct and required is a different topic for discussion😄
Finance is synonymous to Money and Material wealth like Gold, Property, Cash, Bank Balance, Savings Investment etc...

I Would divide Finance Broadly into Accounting, Investments and Provisioning & Further classification as below : -

 Finance -

 Accounting - Income / Expense Sheet, Cash
                         Book, Profit & Loss Sheet and
                         Balance Sheet

 Investment - Money Saved or Kept in some
                         Form for some returns and
                         Provisioning

 Provisioning - For Contingency,
                         Retirement,
                         Meeting Medical Expenses
                         And for family security after
                         Death of earning member.

               
Importance of Financial Planning :-

• Whatever Field you are in , be it Science, Arts, Engineering, Doctor, Home-making; today it is important to be aware of Basics of Finance (maintaining your expenses and income file, basic banking)
• Since, everything today revolves around Vitamin M (MONEY), it is important to understand and know the Finance Basics and Plan for it
• Appoint proper Chartered Accountant who can guide us properly for future investments, planning
• If one maintains regular Cash book, Expenses File, one knows where he or she or family stands.
• The above classification of Finance, as per my understanding, helps us be aware and alert in today's dynamic world of Commerce and Capitalism
• Keep your Tentative Balance Sheet, Profit & Loss Statement, ready and check every tri-monthly. This helps us for further planning. and no need to hurry at the end of financial Year (Accounting Year)
• Today, we see many young people at age of 30 - 45 years are wither suffering from some lifestyle disorder or face death, accidents. So it is Important for the other family members to know about the financial whereabouts, so they do not have to face unneccessary hassles of Finding Insurance Papers be it Mediclaim or Life Insurance, Any debts to be repaid or any amount receivable from others, etc.
• The intolerance for relationships, high inflation costs, speedy life, rush to reach somewhere always leading to high probability to accidents, car damages, etc; arises the compulsion for finance planning and its clarity.

However, I request all of you to know how handicapped today's affairs have made us to this FINANCE. It is therefore important, atleast after the Pandemic, for human kind to Think about A CORRECT ALTERNATIVE to Speedy Life, Haphazard Lifestyle and Diet Regimen, Overall Earning Sources, etc.

Meet YOU In My Topic Ahead, an Extension to this topic..... 

Correct Planning.....

Hello Friends,

Hope you guys are enjoying my blogs on Health and Finance.
https://healthfundastic.blogspot.com/?m=1
https://equityrecos.blogspot.com/?m=1

I would love to hear your feedback for my knowledge and scope for improvment. Also Do suggest any Topics you would like me to write on.

Planning has its relevance in our life. It is important to understand following points for Correct Planning :-

• Set your priorities
• Know your goals in terms of short-term, medium term and long - term
• With the current Pandemic situation or many uncertain events, people with proper vision towards life and correct planning, have not been much impacted overall.
• Hence, correct vision and your own mission and goal should be set
• Broadly bifurcate planning into Self, Family, Social
• Then further classify each above category. for eg. Self - in terms of study, career, wedding, finance, hobbies, Health Regimen, etc
• Apply your learnings, while planning, so it can be self-verification process than just mere following someone or something blindly
• Write down and maintain your diary for records and reference everytime.
• Do not go harsh, if things do not work as per plans. Life is all about learning, un-learning, re-learning things. Some things work for us, some work better for others.
• Planned life is sorted or atleast handled and managed properly. 
• Use the planner as a roadmap and not a final blueprint. Otherwise, we tend to be rigid and follow just like a horse in one direction. It is important to be multi-dimensional in Planning and implementation
• Read books of successful people or people with same goals, for any solutions in your life

I have tried to cover broadly in the above point for Correct Planning.

Meet you in my next blog for Correct Financial Planning and its Importance....😇😉🙋

The Alternative : To a World totally Dependant on Money

Hello Friends,

Let me ask you a Question, Can You Imagine There Can Be A World Of Business, Which is Not Money Centric ??? No, is your answer. 

Well, Then let me introduce to you a very new, basic and Superb concept, which can be an Alternative to the world dependent on Exchange of Money With, By and For Money.... Surprised😲😮😮

Yes, This Concept can be better understood, if one is willing to first accept the fact that it is possible, that one can welcome new things in life and reading my blog, with Open Mind and zero assumptions and doubts.

Please do read my previous blog, where I have mentioned about Jeevan vidya
https://equityrecos.blogspot.com/2020/06/cyclical-finance-system-aavartansheel.html

No stress will ever bother any person, no suicides will happen with farmers, no such mishaps can happen, if one understands and implements the following main Pointers of the Concept:-

• The Intrinsic Value of a product is decided by its usage and its longevity or life span
• Similarly, every human has some special skills. No Human is all Bad in nature. Every one has some thing which they are good at (ofcourse, not good in anti-social things, I mean)
• A terrorist or a mere thief, also is good in something like, their perseverance or focus in whatever they do. Of course, they are not able to capitalise that good nature in proper things
• So basically, the point I want to make is, every human has something special in them and that is their Intrinsic Value
• The products and services provided by anyone, can be evaluated on the basis of skills and these intrinsic values.
• Now, the question will arise, how to take the value of an intangible thing like Human Skill
• I cannot explain the whole concept in one blog, it takes some learning sessions in the form of workshops for it. Still, I will try to just briefly give the broad idea of this unique concept.
• As, broadly, we can classify institutions into 5 areas of self, Family institution, society, country and International countries.
• Then, we further break the Society in form of small communities of  families living together, and further up to a Village set up comprising of 100 families, and so on to make a 10 tier system going till International Community
• Every village would have their own central Distribution system of goods and services. Whatever, they cannot produce, they can purchase it from the village that has the same. The catch here is, the exchange rate is not on basis of valuation with respect to a currency, but 
• The exchange rate will be on the basis of Human effort Rate to make the product in terms of hours in terms of physical and mental efforts.
• Example is, if a person is able to make 1 kilo of papad from kneading the flour to making papads, drying them up till the final product, takes 2 days, same thing other person can make 2 kilos of papad with the same efforts in 2 days.
• The exchange rate of 1 kilo papad is equal to human effort of 1 day.. Their Human hours will be registered in the central book of that village, so in turn, the person making 1 kilo papad in 2 days, has to upgrade the skill. The credit human hours, in such exchanges between villages, country and international country, helps to get in exchange other items, addtionally. 
• Money or Currency is just a symbol of exchange, but today, it has become the intrinsic value of goods.
• The human physical efforts are not awarded properly due to this money centric mindset. A farmer, who selflessly works physically all year round, for example, does not get its due value. A person sitting in an Air-conditioned office, would earn much more than the Important Part of our Economy - The Farmer.
• It is important, now, after this Pandemic to adapt to this Alternative of Living Harmoniously across Human - made boundaries. It is The Time To Think Human - Centric... Be Human in literal sense😄

I have explained the concept very vaguely. But for that, you have to attend such full Jeevan Vidya Introductory and Adhyayan Advanced Workshops. There are ongoing Workshops conducted all over the world by dedicated, experienced and Like-minded people who want to live harmoniously with similar goals in life. One such aspect that can be learnt and un-learnt is of Finance.

Meet you soon with another blog ..... Do comment and write in if you areinterested to know more about such concepts to live our lives with ease and stress - free and share with your friends and families as much as you can. After all its about Good Finance....⭐

-Cyclical Finance System - AAvartansheel Arth-shashtra

Hello Friends,

I welcome you again to today's new topic. As you must be aware, in Nature, everything is in a cycle. Be it seasons, Climates, Biological Rotuines of the body, planetary movements, etc. Similarly, humans have forgotten to use this concept of Cyclical and circular pattern in our Financial system.

All other living beings, except the humans, live and behave according to the Mother Nature's Norms. Only humans, due to their developed brains, wants to explore and unravel the unknowns of Nature (Shrushti)

In this process of explorations, inventions, revolutions; mankind, over the period has also exploited the earth and its resources. Today, the realisations have come on the advent of climatic changes, depleting underground water levels, Global Warming, etc. 

In the process of Modernisation and development, we have overlook the facts of meaning of our Existence, Being, actual and essential requirements for living.

I came across a wonderful literature of "Jeevan Vidya" propounded by Late. Shri Agrahar Nagraj ji (Fondly addressed as Babaji) This literature of Jeevan Vidya or Madhyastha Darshan or The Alternative for today's issues, has in-depth Solutions for any facet of life, be it relationships, finance, Self, Society, Cosntitution, Economy, etc. The Emphasis is on Human than any material or any form of exchange like currency - centric etc.

I am a MBA Student and also loved Economics as a subject. But the knowledge of "AAVARTANSHEEL ARTH SHAASHTRA", rectified my myths learnt in Economics Subject like Diminishing Law of Returns, Theory of Wants - Ends gap to be meet.

Important Points of this Concept that helped change my outlook towards finance, work - culture :-

1. Utilisation of natural resources, such that they can be renewed and again grow in the system. For eg. Trees Plantations, if used for lumber, timber, paper- manufacturing, etc 
2. Identify the essential wants of a human to live and earn. Hence, erratic and irrational exploitation of Natural minerals, mining activities, can be stopped. Also, the over - use of natural resources has impact the earth's system inside. 
3. Haphazardly living, lifestyles, has only depleted the resources, decreased the quality of atmosphere, exploited the Mother Nature.
4. Our careers or money should be only for livelihood, good and healhy living, for meeting our basic needs like food, shelter and clothing. The problems have occured due to unsatiated wants and luxuries. It is good to use resources for our comforts and easy living. But, there is no need for luxurious lifestyle.
5. The luxurious lifestyle has only wasted the resources, in turn have not given back anything to nature except Non- recyclable waste, Environmental issues, etc There are so mnay options available today to mankind for every product, be it cars, household items, vehicles, electronics, gadgets, etc
6. It is not bad to have a easy living, but what is the need for so many options. The basic understanding for life, self-being, etc has vanished. This has only led to deterioration in resources, nature, relationships, mental and physical health, etc.
7. The best option is to work on natural lands for cultivation, use of cattle, make products from the natural farm produce, so recyclical system is formed. There is physical work, so no need for separate gyms etc. Our digestive systems are taken care of, by good work. 
8. Babaji, had mentioned, that a man needs to work maximum 5-6 hours only in day for livelihood. the rest time is for self-growth. On the contrary, today, we are working round the clock for survival. There is no mental peace. There is no self-time and family time. 
9. Please let me know if you agree with the following example - - Take an example of a car company, how many vehicle types, how many models, how many variants, how many facilities , etc are available? Actually, what facilities in a car is needed? The purpose say of a SUV is for travel. based on majority needs, a car company can divide the variants into 3 - say Basic Model with AC, Medium Model with some additional features of  music system, etc and a third option of high end models. Just imagine on how much resources we can save ?!!!! If there is no self-control, then such things such me incorporated in form of reforms for public to adhere to.
10. I ahve lived under a living model "Manav Chetna Vikas Kendra" at Indore, Pivday (25 kms from the city) There are 10 + families despite of caste, creed, living together on a 15 acres farm. There are professionals like Professors, Govt officials, doctors, engineers, school teachers, left their salaried jobs, living there with a cause for betterment of Self and their families. 
11. They are in process of living successfully in an ecological and human-living beings- friendly Atmosphere. The cyclical system for work is seen practically in form of Naturally produced fruits and vegetables, Gaushala, bio-gas plant, Seeling & distribution of Processed foods from those farm products, unique education system, Human Centric Living, etc

Do contact me (neelam.chheda) on Gmail, to know more about how can we incorporate such mindset in our Work - culture. In this Pandemic, on many social platforms, webinars, Many of them talking about Time To Hit The Reset Button for everyone and especially In India

Then Why Not Use This Time To Bring About That Chnage In our Lives, careers, Work - cultures, etc for Peaceful & Harmonious Living !!!! 

Contingency - Learn more about it

Hello Friends,

Have you seen my previous blog on https://equityrecos.blogspot.com/2020/06/my-financial-career-journey-so-far.html?m=1

You would get my background of career. As an Accounting student, we had learnt a concept called "Contingency Fund" The literary meaning of Contingency is - a future event that cannot be predicted or is not certain. The Accounting meaaning is an extension to the above meaning as to creating a pool of money for providing for such untoward event.

The reason for me to write today on this Topic is seeing Today's Pandemic situation. Corona episode maybe human-created, but the multiplication and behaviour of this Corona Virus is uncertain. Everyone was caught napping with the mishap happened in Wuhan city of China and its fatal consequences faced by the whole world today. As past occurances of any mishaps, natural calamities, uncertain series of events, may have got everyone's empathy, but not the kind of support and recognition. But, not everyone was so affected or bothered to know about the facts of those events.

However, Corona Episode, has in a way bought the whole world together. Today the teething problems faced by mankind is the the question of Survival, Existence and livelihood. 

Lockdown has rose questions for sustainenance of Economy. The delay in search of Vaccination has rose questions on the uncertainity of the issue. No one knows what to do, how many days would it take for things to settle, Will there be a second round of the virus again ???

Well, today, I would want to just focus on the question of Money. I had conducted a questionnaire amongst friends and family regarding their thoughts on this Uncertain event, what impact, this had on their thought processes, overall lifestyle and Work-life.

Those who had kept themselves covered for a certain period of time with a Provision of Fund (Contingency Fund / in layman language funds for emergency); have been able to relax for a while and gauge the situation very well. Thus, Depending on one's Income / Expenditure Sheet, one should fix a percentage of funds that should be regularly kept aside for such untoward situations.

For Eg. If I have a monthly Income of Rs. 60000/- and my monthly expenses are Rs. 48000/-, I have a monthly savings of Rs. 12000/-. Thus, I can allocate, as per my work nature, nature of expenses, my lifestyle, etc, say a monthly funding of Rs. 6000/- i.e. 50 % of my monthly savings towards this Contingency Fund. Hence, my Yearly Provision for Contingency sums up to Rs. 72000/-

I have deliberately given the mediocre example rather than taking Lakhs of Rupees as Monthly Income. So, it can benefit all class of people to understand this Concept maybe known or unknown to many.

As per my experience and knowledge, I have tried to put the following factors to be kept in mind for fixing a percentage for contingency and also the tenure for such provision :-

1. Number of earning family members
2. Number of members, the total family income supports
3. Age group of family members
4. Nature of Work
5. One's Lifestyle
6. Period of Investment Done and Amount of Investment in various forms available like Fixed Deposits, PPF, PF, various Savings schemes, Gold, bonds, Mutual funds, LIC, etc
7. Liquid Assets
8. Illiquid Assets
9. Nature of Expenses that are majorly to be done on recurring basis or one- time basis, etc
10. Future plans, expansion plans, etc

I may have forgotten to include some points. Well, Contingency Funding is one of the safety provision, a person can allocate for, while doing Financial Planning....

Keep visting my blog https://equityrecos.blogspot.com/   for further Financial updates and many such wonderful concepts that can help us in financial planning in the short and long run !!!!!

Important Pointers to sustain in this Dynamic world of Career and in life general

Few Learnings of my Short Life till now :

These following points have been my Nichod of Life so far, be in the phase of Education, Career, Family, Marriage, Pursuing Hobbies, etc.

This may sound Philosophical blog for a moment, but mark my words dear friends, those points have been my stress - busters and constatnt reminders that working for livelihood is not the only goal of one's life. Life is larger than this. These are some points which are a part of Successful Stories of Great Businessmen and Stalwarts !!!!

• Get your priorities set (Self-time, Family-time, Work-time)

• Follow your passion and heart than brain mostly

• Test the waters, surroundings nicely, before diving

• Adversities and Compulsions are your great teachers

• Be observant

• Carve your Niche, to find your own place in your work-place

• Maintain rapport with all. No person is bad, everyone has always something to give. So keep your eyes and ears open

• Listen Carefully

• Be Punctual, Systematic and learn to manage your time.

• Focus on your goals (All types of goals - Financial, Self, Time-bound, etc.)

• Set first your long-term and life goals, and let your short - term or intermediatary goals then be in sync with those goals

• Do such work that you never have to feel guilty later

• If at all you have committed any mistake, wrong-doings, once you realise, Have the courage to accept it first and then face any consequences, if any. Its not " AA Bail Mujhe Maar" But trust me, you find yourself in a good cordial atmosphere around.

• Maybe, today people are shy and practical in nature, but the Basic / Intrinsic (Mool-bhut) human nature always loves the Human Values like Integrity, Responsibility, Accountibility, Love, Trust, etc.

• Always have around you two types of people professionally. One - Senior and knowledged than you; for Guidance and, Second - Subordinates, colleagues, friends, peer group with whom you can share your knowledge and views - for Self- Confidence, Self- Verification and Value & respect for Self

• My get-aways from Corporate or Peer- Politics was Being clear and firm on one's principles, having the flexibity to change oneself accordingly, putting your points strongly across the table and at the end being satisfied with what I have.

• Do such work that people  remember you always for your nature and work

• Today's reason for stress is unsatiated wants, Lesser Means to meet the ends, unreasonable lifestyle, to live up to other peers and their lifestyles, Mis-match of What one wants to do and what the person actually is doing, maybe due to compulsion

• Sometimes, if we feel today whatever we are doing is to meet the need of of the hour, out of compulsion; always keep in mind our long-term goals and dreams, and strive towards fulfillment of those in the end at later stage of your career. That is why constant re-visit to one's Priorities, Passion, Dreams, Goals should be done

• Always find a balance in everything in life

• Opportunities come and go, its not always about grabbing it. Its always choosing the correct at the right time. So, Be Vigilant 

• There maybe sometimes, you may have taken wrong decisions, time-lag in executions, but thats all part of the Learning. Its not the end of life. 

• Thus, Learn, Re-learn, Seek, and Keep executing your dreams to fulfill your goals

• There is no Age - taboo to pursue passion, hobbies, spiritualism

My Financial Career Journey so far

Hello Friends,

Its been a long-time gap from my 1st blog to this current one.

I have had the priveledge to work and analyse the structure and method of how capital markets work. Being a finance student, I love numbers a lot (The secret to this passion has been my childhood fantasy and dream to become an Astronomer💓😊)

I have seen how human minds and its behaviour are charted and prediction of targets for specific calls can be given. I was, however, not happy with the Capitalist Mind-set applied in any Financial Markets. Any up-turns or down-turns were mere number - games and the Impact of two Major factors that govern any facet of life today : GREED and FEAR

I worked for about 11 years in the Capital markets. I had no knowledge of working of the markets. I only knew the markets through Economic Times Newspaper (which my uncle, my mentor, inculcated the habit to read to improve English and explore my affinity to world of Numbers)

I started my career by joining a small trading firm, where I saw how traditionl investors mind-set works. My decision to start with a small firm, but with Pvt. HNIs, was good at that time. I got to learn from scratch from trading screens to trading to attending calls to front-end excitements to Back-end Accounting and Billing etc.

Like my parents and their peer group would have had their own share of struggles. I had my own in 90s. With the advent of the IT sector boom, I still was caught unaware of the various technological advancements around me. Such was our mindsets that time. However, our Junior batches, that time were more intellectually smart and enterprising. I am from the Timid and Modern - Conservative School of Thought. The changes in human values, emotions, time for family, time for work, lifestyle, herd mentality from saving money to chasing money and value for money, were the striking features in my career-journey.

Well, belonging to the so-called Vaniya / baniya community, I developed unknowingly the affinity towards finance, balance sheets, profit & loss, etc. As, I am also a strong Believer in God and Humanitarian by nature, I sometimes pondered, my mismatch of interest of career and lifestyle. I saw that in my times, the female staff in finanical markets' companies were very few. I have always been a Tom-Boy by nature. I found my place very well in the Dynamic World of Financial Markets. 

In my initial career life, I had to go through lots of learnings, mistakes, However, I understood the way I could survive in such stressful Commercial world of Targets, deadlines, Money, Dynamism, etc. I had my basic priorities of my life set, so decision-making was not so difficult. I understood soon, to keep my Professional life and personal life different. I have committed some hasty decisions, which no person, at their start of career would do. But I had made up my mind before only, that I would not compromise my conscience, my Principles, my Priorities for the sake of MONEY, CAREER, PROMOTIONS.

It was indeed a tough and courageous decision for a female to take at that time and stand in front of giant corporate companies, Management, policies, internal peer-politics, etc. But as earlier mentioned, I had found out the way to survive in such conditions. I may have forgone a lot of perks, promotions in that way, but I never had a sleepless night or guilty conscience at the end of any given day.

Well, after marriage, I took a break from working in corporate set -up. I wanted to enjoy and live my married life to the fullest. This decision also was a courageous one to take at the growing phase of my Career. My priority was set to pursue spiritualism, be complementing to my home-chores and also in my husband's Medical work. 

Then I learnt the Concept of "Aavartansheel - ArthaShaashtra". Wow, this blew my mind and shook - up my myths, my learnings in my Financial Management courses, the basics of economics taught today.

Today, I have the priveledge to balance my career-life, family life and my spiritual life due to continuous Self-introspection, wonderful people around for guidance. My current and future work revolves and would revolve around my life-goals, financial goals based on the concept of Cyclical - Finance System. It is not easy, but not impossible. Its a matter of like-minded people to join hands and pursue the goals together.



COMING SOON WITH THE NICHOD (EXCERPTS) OF MY SHORT LIFE TILL NOW !!!!