How to spend your salary in a systematic way...

Dear Friends,

Recently I was asked in a question about how to spend your salary in a systematic way? Although to me it was a very general question but giving a deep thought to it I found that many of the earning people specially youth do not understand the value the value of money they are earning now and are moreover limited to spending rather than saving and other people know that it is important to save but they don't the which are the avenues or they just ignore to make their money work harder as they do. So in this blog I would try cover the points which will help us to spend our salary in a systematic way.

Money has its own flow, the money that comes in it will go out too, it is the basic quality of money that it is never static and one should not stop its movement but just control its movement and move it to your own benefit.

1. Start Budgeting: A personal budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment. Past spending and personal debt are considered when creating a personal budget. Budgeting is important to monitor and control your expenditure so that you could get the data to plan you expenditure and get to know where your spending are useless.
2. After budget you will know that how much you are earning and how much you are spending suppose if you are earning 100 and your monthly expenses on various necessities are 60-70 then you have around 40-30 free, now plan and save this surplus money in two parts give 10% to your long term retirement fund/emergency fund. Keep rest of the money in liquid form but still generating good returns like linked FD account.
3. Never let your money idle but do take care of your liquidity needs also. Invest surplus funds which can take care of inflation.
4. Find out what kind of investor you are (aggressive, moderate, low) and choose investment products in the same order.
5. A rupee saved is a rupee earned: Plan for your taxes in advance don’t wait for march to come. Invest systematically and allocate some parts of your salary towards your coming financial needs or goal.
6. Get rid of the unnecessary debt: As it could eat out your assets and you won’t even will know.
7. Charity and donation: An important social responsibility, you could save tax also give donation to charities who are exempted in Sec 80G.
8. Most Important: This is for references only you must consult a certified Financial Advisor before making any decision. As I do not hold any responsibility towards the consequences arising so consult a Professional before making any decision always.

Does God really exists?

Dear Friends,

We all are born in different religions and different cultures, but there is one thing in common for all that they all believe in a supreme power, some call him Jesus, some Ram, some allah according to their religions.

A religion is a belief of a person which concentrates on a supernatural power, make rules for the society codified by prayers and rituals making a common supreme commander as "God".

"Does god really exists? or god is a imaginary person created by the society to control the society" but I still want to thank him as without him we would have remained animals and would never have been civilized, without his rules and commandmends we would have killed each other and would have been in the state of extinct.

God and religion may have been created and updated from time to time by society and such people were made the religious police. They attained power and this power let them exploit the society again. Many moral and immoral things happen in the name of god, they kill, exploit and threat in his name and call themselves holy warriors. Religions and beliefs have made Man an enemy of Man and they are proud to kill each other for the difference in opinion.

This is the only cause that led to formation of new religions and beliefs from time to time. whenever a certain religion becomes extreme and starts harming people come up with new religion and belief like Jainism and buddhism from Hinduism etc.

The idea is not to question any ones religious beliefs but to question all the immoral and unjust acts conducted in the name of God so it is usual to ask "does god really exists?"

Application of Management techinques in real life

Dear Friends,

Many of us have been studying the Management and its philosophies, techniques over a longer period of time, we chose to become Managers and we learnt that Management is an art as well as a science. It enables us to organise and complete a task in a fruitful manner, it is optimum utilisation of least available resources and blah blah blah......

The reason of posting this blog is to invite your views and sharing the same that whether do you guys think that the fundamental techniques of the Management are applied or can be applied in our day to day life or not. Simply speaking, while we have studied this art and science what is the reality of the same.

I remember the first book that I read in Management had a preface that "One who can Manage, can Manage in all spheres of life" doest that really applies????Kindly forward this blogpost to all of your own network too so that somehow we would be able to recognise the real potential of the weapon that we acquired in 5 years or even more......