Posted in Life Gyan

17 Camels & The Wise Man

Long ago in a village in Rajasthan, a farmer left a strange will for his three sons. The will stated that,
“The eldest son should get half of his Camels,
The middle Son should be given 1/3rd of the Camels, and
the youngest Son should be given 1/9th of the Camels


The problem was that the farmer had 17 camels. The sons realised that it is not possible to divide 17 into half or 17 by a third or 17 by a ninth. And neither of them were interested to give the other two more than the share mentioned in the Will.

Unable to resolve the issue amicably, they decided to go to a wise man for help. The wise man listened to the issue patiently and they showed him the Will and told him about the problem of dividing the 17 camels as per the Will of their father.

The wise man, after giving the problem a careful thought, smiled, got up and brought one of his own camel & added the same to the 17. That increased the total to 18 camels. “Now”, he said, “let’s read the Will one more time.”

The eldest son should get half of the Camels – 18/2 = 9.
So he gave 9 camels to the eldest son.

The middle Son should be given 1/3rd of Camels, 18/3 = 6
So he gave 6 camels to the middle son.

Youngest Son should be given 1/9th of the Camels, 18/9 =2
So he gave 2 camels to the youngest son

Now adding : 9 + 6 + 2 = 17 & this leaves 1 camel, which the wise man took back.

MORAL: The art of negotiation & problem solving is to find the 18th camel i.e. the common ground. Once a person is able to find the common ground, the issue can be resolved. Though it can be difficult at times. However, to reach a solution, the first step is to believe that there IS a solution. If we think that there is no solution, we won’t be able to reach any!

Posted in Life Gyan

7 Ways to Read More Books Each Year

Most people I speak to these days lament that they hardly find time to read books. Even though they somehow start one, the progress is negligible. And the time gap between two successive times when they reach for the book is so large that they have to re-read a few of the previous pages just to refresh where they left off last time. I am sure by now you are nodding in agreement and smiling. 

So here are a few easy hacks that you can adopt to increase the number of books that you manage to read each year. These hacks recommend small changes that are easy to make and will help you connect with your passion of reading books in newer ways. 

  1. Make your environment more reading friendly – Make it easier to read books – (1) have books easily accessible at your favourite places in your home especially near your bed (2) Keep the distractions away like leave the ubiquitous smartphone at a little distance from your bed
  2. Carry your book(s) along – that way you will always have a book handy when you are travelling in cabs or standing in queue or waiting for a friend
  3. Read more than one book at a time. Not everyone can do this but if you have the appetite you can read multiple books from completely different topics in parallel. It is a great way to add variety to your reading and also helps complete difficult to read books
  4. Talk about books with others – share stories & recommendations
  5. Post book reviews social media or your own blog once you have completed the book
  6. Make time to actually read the book rather than turning to the smart phone every time you get some free time.
  7. Have a goal to read at least 15 min each day and this one habit alone will be enough to get to your reading goal.
Posted in Fun & Humour

A Score of Math Jokes & Puns

1. Why was the fraction apprehensive about marrying the decimal?
– Because he would have to convert.

2. Why do plants hate math?
– It gives them square roots.

3. Why did the student get upset when his teacher called him average?
– It was a mean thing to say!

4. Why was the math book depressed?
– It had a lot of problems.

5. Why is the obtuse triangle always so frustrated?
– Because it is never right.

6. Why can you never trust a math teacher holding graphing paper?
– They must be plotting something.

7. Why was the equal sign so humble?
– Because she knew she wasn’t greater than or less than anyone else.

8. What do you call the number 7 and the number 3 when they go out on a date?
– The odd couple (but 7 is in her prime).

9. What do you call a number that can’t stay in one place?
– A Roamin’ numeral.

10. Did you hear the one about the statistician?
– Probably.

11. What do you call dudes who love math?
– Algebros.

12. I’ll do algebra, I’ll do trig. I’ll even do statistics.
– But graphing is where I draw the line!

13. Why should you never talk to Pi?
– Because she’ll go on and on and on forever.

14. How do you stay warm in any room?
– Just huddle in the corner, where it’s always 90 degrees.

15. Why is six afraid of seven?
– Because seven eight (ate) nine!

16. Why DID seven eat nine?
– Because you’re supposed to eat 3 squared meals a day!

17. Why does nobody talk to circles?
– Because there is no point.

18. What do baby parabolas drink?
– Quadratic formula.

19. How do you get from point A to point B?
– Just take an x-y plane or a rhom’bus.

20. The problem with math puns is that calculus jokes are all derivative, trigonometry jokes are too graphic, algebra jokes are usually formulaic, and arithmetic jokes are pretty basic. But I guess the occasional statistics joke is an outlier.

Posted in Life Gyan

Are You Having These Conversations?


We, as a society, really have no idea how *suffocated* people are in their emotions. Most people have *nobody* to express themselves entirely to. Everyone is holding back their *vulnerabilities* to maintain the *social image* of a confident and happy person.
Heart-to-heart conversations have become *rare, artificial and shallow*. Most hearts are filled with *empty defences*.
Most people can’t even talk to their *life-partners openly* for the fear of being judged or rejected. Emotions await just a release. Social images make sure that weakness is not glorified.
Children have *bottled up* stress. Young people suffer from anxiety and depression.
It is just lack of social support. It is *lack of non-judgmental* friendships. It is a result of *fast and busy lives* where nobody has time to just sit and watch someone cry.
It is a result of *instant and impatient lifestyle* practices, that *emotions have started feeling like a waste of time*.
Our forefathers talked to each other. Because talking helps…..
The *face-to-face* type talking, the *just-listen-to-me* type talking, the *hold-my-hand-and-let-me-cry* type talking, the *sit-next-to-me-and-listen-to-my-silence* type talking… the talking where *persons can be themselves and say anything they feel without the fear of any judgement or loss or rejection*.
Today, we don’t like that type of talking! In fact we *avoid people*. Naturally, it has led to mental illnesses…. which are becoming an epidemic.
There is not much we can do but we can offer *listening* !
It is extremely important to have those heart-to-heart conversations where you can express yourself without being judged.
It can add years to your life and more importantly life to your years.
Let’s let people talk without any fear. Let’s create conversations.
*Let’s Start Talking Again*.
Posted in Financial Gyan

Easy Steps to Create a Goal Based Investing Portfolio

After having learned about “Goals Based Investing” and its benefits, today we are going to learn the simple steps to create a goals based portfolio. There are no pre-requisites to this exercise. All you need is willingness to explore this investment philosophy and evaluate the benefits vs your current approach and then decide for yourself.
Obviously, you will have a few questions around this concept and we will address them as we proceed. If you still have queries, please feel free to post it in the comments, I will try to address them. The first possible question that may come to your mind may be “What about my existing investments? Do I have to start afresh?” You do not have to start afresh. Once you are clear about your financial goals, you should be able to align the existing investments to some of your goals. So let’s get started by first taking a look at the many benefits of this approach –

  • Goal based investing is an investment framework which helps you align your existing as well as new investments to your financial or life goals.
  • It helps you diversify your investments as it helps you understand the right type of investment for each goal.
  • It ensures that you are aligning your investments as per your priority
  • It helps you avoid impulsive financial decisions so that you do not have to regret later

Let’s get started.

Step 1 : List Your Financial Goals

Create a list of all your financial / life goals such as buying a house, kids education, dream vacation etc etc. Against each financial goal mention the approximate amount you think you will need and the time period in which you want to accomplish them.

In the first pass don’t be bothered of being too accurate with the years or the amount required, ballpark numbers will do to get started. However it is important to capture all the goals.

For instance you may need INR 20 lakhs as down payment for buying your own home in the next two years. Or you may need 1 Crore for your retirement after 30 years. Or you may need 5 lakhs for your vacation abroad or or 3 lakhs for the downpayment of your new car next year. 

Financial GoalAmount RequiredBy When
Down payment for New House 20 Lakhs May 2021
Retirement Corpus1 Crore Dec 2049
Singapore Family Vacation5 Lakhs Jun 2020
Down payment for New Car3 Lakhs Jan 2020

Step 2 : Prioritize Your Goals

Once you have created the list, take a close and thoughtful look at it. Decide which financial goals are the most important. And which ones are more important than the others. Start numbering them in the order of priority. It is natural to have conflicting goals and you may have to make some uncomfortable choices. 

For example goals like your kids education or saving for your own retirement are non-negotiable. While there may be others which are essential for financial security like having an emergency fund equivalent to at least 6-9 months of your current monthly income. And then there are those discretionary ones like buying a new car or vacation abroad which you can prioritise depending on your flow of income.

Step 3 : Decide on the Investible Surplus

Now you know WHAT your financial goals are. Let’s look at HOW to achieve them.
Based on your current income and expense, think about an amount that you are willing to put aside each month towards these goals. This is the amount you have surplus after meeting your daily/weekly/monthly expenses. Do include the amount you are currently investing in SIPs or RDs. Let’s write it down as we are going to be using this in our next steps. In the first pass write down a number that you are comfortable with. In subsequent reviews you can revise this number depending on the availability of funds.

Step 4 : Map the Investible Surplus to the Goals

Let’s assume you have committed to invest INR 50k every month.  This amount needs to be divided among the various goals depending on their priority and time horizon. So first you have to calculate the monthly investment required to achieve each goal.

Financial GoalAmount
Required
By WhenMonthsMonthly Investment
Required for Goal
Down payment for New House 20 Lakhs May 20212483333
Retirement Corpus1 Crore Dec 204936827174
Singapore Family Vacation5 Lakhs Jun 20201435714
Down payment for New Car3 Lakhs Jan 2020837500

Once you do this exercise it is quite possible that the investible surplus you have decided may not be enough to fund all your goals adequately. This means you will have to review your goals once again. By review I mean, you may have to either revise the amount required or the timeline of the goal or increase the monthly investment. Based on your priorities you may have to go through a few iterations to arrive at an acceptable balance.

Step 5 : Understand Your Risk Appetite

At this stage you are equipped with the knowledge of which goals are you chasing and how much you are willing to invest towards each of them. Now we need to decide WHERE are we going to invest this amount. For this we first need to evaluate your risk appetite for the short, medium and long term.

Simply put, risk appetite means how much money are you willing to lose on an investment. It can vary for different individuals based on their current financial situation, age and confidence level. Also there is no good or bad or one size fits all approach. Each person’s situation is unique. Look at the table below and calibrate your own risk appetite.

Sometimes your risk appetite may vary according to the time period. You may be willing to take higher risk in the short term and invest in stocks/equity directly where you feel more confident of being able to absorb the downside (if any). However you may want to stick to safer investment options for your long term goals or vice versa. 

Step 6 : Decide the Investment Type for Each Goal

There are a plethora of Investment Options available now-a-days but to keep this discussion meaningful I will restrict the discussion to the few tried and tested ones viz. Mutual Funds, ELSS, Stocks, NPS, PPF, NSC etc. One you understand your risk appetite and depending on the amount you have for investment you could try investing into Bitcoin, F & O, Commodities, Real Estate, Art and what not.

To start with, take a look at your existing investments and map them to some of your goals. For example if you have recently started a PPF account, you could map it to partially fund a goal which has a time horizon of 15 or more years. Similarly, you could map the corpus of your PF and the amount invested in NPS to your retirement goal and so on.

Now look at the goals that need to be funded. Depending on the time horizon, risk appetite and amount required you could invest in MF, Equity, ELSS or a Debt/Liquid fund. After deciding on the type of investment, note down the monthly amount you are committing to invest towards that goal. If you are investing in Mutual Funds, then SIP is the best way to fund your goals on a month-on-month basis without having to go thru the hassle of manual intervention.

Obviously, managing your wealth is not a one time activity. To ensure that your money continues to earn and grow, you will have to periodically review your portfolio and tweak it if required to meet the changing needs, disposable income and other factors. You may have to do a couple of iterations of your Goal Based Portfolio to make sure that you have reviewed it thoroughly and are ready to implement it. Feel free to share your comments and/or questions and I will try to answer them.

Posted in Life Gyan

Implement Your Ideas, Don’t Just Sit on Them!

A lot of people have bright ideas…and even world changing ideas !
What do most people do with these ideas?

  • They discuss those ideas with friends and colleagues
  • Feel proud of themselves to have thought a really good one
  • Ponder about it some more and smile in satisfaction
  • Wish someone can implement this idea

Beyond that they do not do anything. They give plenty of excuses to themselves as to why they cannot implement even if it is a great idea. A couple of years later or may be even sooner, they see a business venture or start-up being run on the same or similar idea and once again they say to their friends – I thought of that 2 years ago!

“People do not lack good ideas
They lack confidence
To believe in their own ideas
And the courage
To take a stand…”

If you have a good idea, add a little bit of conviction and effort to it and genuinely try to implement it. If you cannot go all out try to do it at a small scale. But do something and make the world a better place.

Every drop adds up to fill the ocean.

Don’t just sit on your idea. Do something.

Watch the below video which shows how small actions can also impact in a big way.


Posted in Financial Gyan

Timeless Wisdom of Warren Buffet

ON EARNING
Never depend on single income. Make investment to create a second source

ON SPENDING
If you buy things you do not need, soon you will have to sell things you need

ON SAVINGS
Do not save what is left after spending, but spend what is left after saving

ON TAKING RISK
Never test the depth of a river with both feet.

ON INVESTMENT
Do not put all eggs in one basket.

ON EXPECTATIONS
Honesty is a very expensive gift. Do not expect it from cheap people.

Posted in Life Gyan

10 Daily Habits of Exceptionally Happy People

If you get decent value from making to-do lists, you’ll get huge returns
— in productivity, in improved relationships, and in your personal well-being — from adding these items to your not to-do list: Every day, make these commitments to yourself. I promise your day – and your life – will go a little better.

“I will not blame other people – for anything.”

Employees make mistakes. Vendors don’t deliver on time. Potential customers never sign. You blame them for your problems.But you are also to blame. Maybe you didn’t provide enough training, build in enough of a buffer, or asked for too much too soon. Take responsibility when things go wrong instead of blaming others – then you focus on doing things better or smarter next time. And when you get better or smarter, you also get happier.

“I will not check my phone while I’m talking to someone.”

You’ve looked away. You’ve done the, “Wait, let me answer this text…” thing. Maybe you didn’t even say, “Wait.” You just stopped talking, stopped paying attention, and did it. Want to be that person everyone loves because they make you feel, when they’re talking to you, like you’re the most important person in the world? Stop checking your phone. Other people will feel better about you – and you’ll feel better about yourself.

“I will not multitask during a meeting.”

The easiest way to be the smartest person in the room is to be the person who pays the most attention to the room. You’ll be amazed by what you can learn, both about the topic of the meeting and about the people in the meeting if you stop multitasking and start paying close attention. You’ll flush out and understand hidden agendas, you’ll spot opportunities to build bridges, and you’ll find ways to make yourself indispensable to the people who matter.

“I will not interrupt.”

Interrupting isn’t just rude. When you interrupt someone what you’re really saying is, “I’m not listening to you so I can understand what you’re saying; I’m listening to you so I can decide what I want to say.” Want people to like you? Listen to what they say. Focus on what they say. Ask questions to make sure you understand what they say. They’ll love you for it — and you’ll love how that makes you feel.

“I will not waste time on people who make no difference in my life.”

Trust me: The inhabitants of planet TMZ are doing fine without you. But your family, your friends, your employees – all the people that really matter to you – are not. Give them your time and attention. They’re the ones who deserve it.

“I will not be distracted by multiple notifications.”

You don’t need to know the instant you get an email or text or tweet or like. If something is important enough for you to do, it’s important enough for you to do without interruptions. Focus totally on what you’re doing. Then, on a schedule you set — instead of a schedule you let everyone else set — play prairie dog and pop your head up to see what’s happening. Focusing on what you are doing is a lot more important than focusing on other people might be doing.

“I will not whine.”

Your words have power, especially over you. Whining about your problems makes you feel worse, not better. If something is wrong, don’t waste time complaining. Put that effort into making the situation better. Unless you want to whine about it forever, eventually you’ll have to do that. So why waste time? Fix it now. Don’t talk about what’s wrong. Talk about how you’ll make things better, even if that conversation is only with yourself.

“I will not let the past control my future.”

Mistakes are valuable. Learn from them. Then let them go. Easier said than done? It all depends on your perspective. When something goes wrong, turn it into an opportunity to learn something you didn’t know – especially about yourself. When something goes wrong for someone else, turn it into an opportunity to be gracious, forgiving, and understanding. The past is just training. The past should definitely inform but in no way define you – unless you let it.

“I will not wait until I’m convinced I will succeed.”

You can never feel sure you will succeed at something new, but you can always feel sure you are committed to giving something your best. And you can always feel sure you will try again if you fail. Stop waiting. You have a lot less to lose than you think, and everything to gain.

“I will not talk behind another person’s back.”

If only because being the focus of gossip sucks. (And so do the people who gossip.) If you’ve talked to more than one person about something Joe is doing, wouldn’t everyone be better off if you stepped up and actually talked to Joe about it? And if it’s “not your place” to talk to Joe, it’s probably not your place to talk about Joe. Spend your time on productive conversations. You’ll get a lot more done – and you’ll gain a lot more respect.

“I will not say yes when I really mean no.”

Refusing a request from colleagues, customers, or even friends is really hard. But rarely does saying no, go as badly as you expect. Most people will understand, and if they don’t, should you care too much about what they think? When you say no, at least you’ll only feel bad for a few moments. When you say yes to something you really don’t want to do you might feel bad for a long time — or at least as long as it takes you to do what you didn’t want to do in the first place.

“I will not be afraid.”

We’re all afraid: of what might or might not happen, what we can’t change, what we won’t be able to do, or how other people might perceive us. So it’s easier to hesitate… and think a little longer, do more research, or explore more alternatives. Meanwhile days, weeks, months, and even years pass us by. And so do our dreams.

Whatever you’ve been planning or imagining or dreaming of, get started today. Put your fears aside. Do something. Do anything. Once tomorrow comes, today is lost forever. Today is the most precious asset you own — and is the one thing you should truly fear wasting.

Posted in Life Gyan

Really Short Stories

Some of the shortest stories, with a beautiful meaning.
Pause on each one for a moment before you move to the next one.

1) Those who had coins, enjoyed in the rain. Those who had notes, were busy looking for shelter.


2) Man and God both met somewhere, Both exclaimed-“My creator”


3) He asked are you-“Hindu or Muslim” Response came- I am hungry


4) The fool didn’t know it was impossible- So he did it.


5) “Wrong number”, Said a familiar voice.


6) What if God asks you after you die- “So how was heaven??”


7) “They told me that to make her fall in love I had to make her laugh. But every time she laughs, I am the one who falls in love.”


8) We don’t make friends anymore, We add them.


9) It rained heavily last night,     Said the pillow.

Posted in Life Gyan

The Law of The Seed

Take a look at an apple tree. There might be five hundred apples on the tree, each with ten seeds. That’s a lot of seeds. We might ask, “Why would you need so many seeds to grow just a few more trees?”

Nature has something to teach us here. It’s telling us: “Most seeds never grow. So if you really want to make something happen, you had better try more than once. This might mean:

  • You’ll attend twenty interviews to get one job.
  • You’ll interview forty people to find one good employee.
  • You’ll talk to fifty people to sell one house, car, vacuum cleaner, insurance policy, or idea.
  • And you might meet a hundred acquaintances to find one special friend.

 When we understand the “Law of the Seed”, we don’t get so disappointed. We stop feeling like victims. Laws of nature are not things to take personally. We just need to understand them – and work with them. 

IN A NUTSHELL
Successful people fail more often. They plant more seeds.