Find some of his phots from google images.
Happy Birthday babaji. :)
Wednesday, January 6, 2010
Happy Birthday babaji
Yesterday was Guru Gobind Singh Ji jayanti. I am a firm believer in Sikhism and hence it's one of the best festivals for me.
Find some of his phots from google images.
Find some of his phots from google images.
Tuesday, January 5, 2010
Value of time
One of the blogs of Life as a purse that I read today was talking about money versus time. It’s one of the finance topics very close to my heart.
I will always go for saving some time by outsourcing my chores. For example in real life, I have a house cleaning maid. I prefer paying them rather then doing these things on my own, simply because I know if I sleep that half hour in the morning I’ll be more productive rest of the day, which is worth way more then I am paying some one else.
In simple terms, this is how I perceive money-time relationship.
Time + Skill = Money
Time is a fixed part of this equation. Everybody on this earth have 24 hours to live. One has to include personal chores, social chores, money chores and skill improving chores all in this 24 hours. So, let’s use them most judiciously.
Next comes, Skill. If one will not work on improving their skills, it will be difficuthey will never be earning more money. So whenever it’s some chore that can be outsourced versus skill improving time, I personally prefer latter. Because I know more skill I’ll acquire, more market value in terms of money I’ll have.
That’s my simple equation. How about you? What’s your equation of time and money?
I will always go for saving some time by outsourcing my chores. For example in real life, I have a house cleaning maid. I prefer paying them rather then doing these things on my own, simply because I know if I sleep that half hour in the morning I’ll be more productive rest of the day, which is worth way more then I am paying some one else.
In simple terms, this is how I perceive money-time relationship.
Time + Skill = Money
Time is a fixed part of this equation. Everybody on this earth have 24 hours to live. One has to include personal chores, social chores, money chores and skill improving chores all in this 24 hours. So, let’s use them most judiciously.
Next comes, Skill. If one will not work on improving their skills, it will be difficuthey will never be earning more money. So whenever it’s some chore that can be outsourced versus skill improving time, I personally prefer latter. Because I know more skill I’ll acquire, more market value in terms of money I’ll have.
That’s my simple equation. How about you? What’s your equation of time and money?
Monday, January 4, 2010
Summary of 2009 - Financial Aspects
2009 has been a year of lots of financial turmoil and achievements.
My 7 picks of this year are:
Recession: Most of the growing economies including Japan were in recession in 2009. All the economies were either not growing or were growing at much smaller pace.
Loss of jobs/ pay cuts: Lay offs and pay cuts were one of the most common words around. Almost all the countries and all the industries saw layoffs and pay cuts.
Sensex fall and smart recovery: Sensex's free fall began in 2008 and continued till March 2009. In March, after touching 8K levels, it recovered back to 17K in less then 9 months. Whew.
Mutual Funds trading: MF trading saw lots of refinement. Entry loads were completely removed and also now they can be traded on sensex.
Fringe Benefit Tax: This is one of the changes that directly impacts salaried class. FBT has been removed and now more of my package is taxable.
Gold prices are on continuous Upswing: I love buying gold but have not done this since one year. Gold is at all time high price and breaking new upward records every other day. Time to switch to artificial jewellery.
Falling Interest Rates: Same bank's same duration FD last year was returning 10% and this year only 7%. On the other hand, 2009 saw new home loans at 8%.
Direct Tax Code: DTC was proposed.
My 7 picks of this year are:
Recession: Most of the growing economies including Japan were in recession in 2009. All the economies were either not growing or were growing at much smaller pace.
Loss of jobs/ pay cuts: Lay offs and pay cuts were one of the most common words around. Almost all the countries and all the industries saw layoffs and pay cuts.
Sensex fall and smart recovery: Sensex's free fall began in 2008 and continued till March 2009. In March, after touching 8K levels, it recovered back to 17K in less then 9 months. Whew.
Mutual Funds trading: MF trading saw lots of refinement. Entry loads were completely removed and also now they can be traded on sensex.
Fringe Benefit Tax: This is one of the changes that directly impacts salaried class. FBT has been removed and now more of my package is taxable.
Gold prices are on continuous Upswing: I love buying gold but have not done this since one year. Gold is at all time high price and breaking new upward records every other day. Time to switch to artificial jewellery.
Falling Interest Rates: Same bank's same duration FD last year was returning 10% and this year only 7%. On the other hand, 2009 saw new home loans at 8%.
Direct Tax Code: DTC was proposed.
Sunday, January 3, 2010
How I Spend first day of 2010
I welcomed 2010 by going to Agra with my family. We visited TajMahal on saturday morning after spending friday there as well.
Here, find some of the shots of this amazing monument.
Here, find some of the shots of this amazing monument.
Entry gate of Tajmahal from some distance, all foggy
Entry gate of Tajmahal
Tajmahal view as soon as we entered the complex
Who will not fall for this marvelous work
Last night's hangover ;)
side view, why i clicked this?
they can reside in this beautiful complex, me so so jealouse of them :(
Saturday, January 2, 2010
2009 personal finance roundup
I never set any goals for 2009. But since we are in last week of 2009, I am trying to list how we (me and DH) fared financially in 2009.
1) We saved for my new car and bought it using down payment.
2) We are under budget in our yearly allocated expense amount by approximately 41K. This is not bad at all, given we faced so many unplanned home improvement projects in 2009.
3) We exhausted and exceeded my spending in 3 categories of my budget. Eating Out, Home and Gifts (No body gets any gift for guessing the third one).
4) We were able to reduce electricity bill of my house to two-third.
5) Fuel charges are also reduced significantly.
6) Though we are over-budget in Eating Out, we still reduced significantly compared to 2008. This is because this time I allocated half of what was allocated in 2008 and I am over-board by one Rs100.
7) I have curbed by shopping for clothes obsession significantly.
8) We have achieved our savings goal for the year.
How about you? How you all fared in 2010?
1) We saved for my new car and bought it using down payment.
2) We are under budget in our yearly allocated expense amount by approximately 41K. This is not bad at all, given we faced so many unplanned home improvement projects in 2009.
3) We exhausted and exceeded my spending in 3 categories of my budget. Eating Out, Home and Gifts (No body gets any gift for guessing the third one).
4) We were able to reduce electricity bill of my house to two-third.
5) Fuel charges are also reduced significantly.
6) Though we are over-budget in Eating Out, we still reduced significantly compared to 2008. This is because this time I allocated half of what was allocated in 2008 and I am over-board by one Rs100.
7) I have curbed by shopping for clothes obsession significantly.
8) We have achieved our savings goal for the year.
How about you? How you all fared in 2010?
Friday, January 1, 2010
Goals Of 2010
New year is around the corner. Time to set new goals.
- Continue learning new dishes to cook. One new dish per week.
- Continue to be on budget.
- Start saving for prepayment of mortgage. 2L should be saved for same.
- Contribute to retirement as per the plan.
- Be less obsessive on daily tracking of things.
- Learn to swim.
- Improve healthy eating.
What will be your goals of 2010?
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