The Magic is in Cash and the Cash Flow
Cash is Liquid. With infinite options to choose from, you become opportunistic with Cash. Cash gives you the leverage, you decide the terms and play power-negotiations game.
Cash is equally important for institutions.
Without the Cash, all leverage is lost. You run out of options.
there can be times when you will have spent all your money over petty things like parties, luxury travel, etc. Then the struggle period arrives and you cautiously spend your cash.
There are multiple ways to be Cash Rich, following are a few:
1. Saving Money
Can you survive 5 days with 150 bucks. Well, that’s totally an art. Saving Cash is important. It is easiest to liquidate ( it is already liquid after all ). Cash gives you power, to seek out opportunities and make most of them.
Try putting artificial constraints on yourself and see if you could become disciplined towards spending money. Categorize your Spends, Monitor them and Optimize them. Map the Cash Flow.
Every penny saved is Penny Earned. Stick to that rule and you will end up with a lot of them.
2. Defer the Payments using Credit Card
Credit Card is not evil, Your indiscipline is. If you become disciplined with finances then you can play with Credit Card and can enjoy Interest Free additional Credit for maximum 45 days.
Following are the best practices:
Never exceed 50% of your monthly income using Credit Card in any particular Month. This is critical as otherwise you will be struggling to pay the bills which could lead to disasters.
Pay well before time. Credit Card Companies thrives when users become defaulters. Don't be one of them, don't pay the fines and interest rates which are quite obnoxious. Always pay well before the due date.
3. Invest in Equity Instruments with Dividend Option
Dividend is a brilliant discovery / invention in the field of investments. Companies declare dividends which essentially means sharing a portion of profit with the stakeholders. This is the way to shed / share some of the cash with stakeholders. This means Investors will be getting some cash in different time intervals which could be put to better use.
Can you think of more ways to become Cash Rich ? Leave your thoughts in the comment box below.
YouTube Channel covering my Journey across India
I have traveled over 70,000 miles in India ( same places at different times, over and over ) and everything about India fascinates me. Being my motherland as well as homeland, every mile of its land is priceless, beautiful, fascinating ( and all good words ) for me.
Now my love has evolved even more, thanks to my random travel plans, meeting hundreds of amazing people. I have started documenting my journeys in form of Videos. So if you are curious to know where all I traveled, how exactly I traveled, what all did I see, check my YouTube channel at "My Indian Odyssey"
If you are traveling in India, follow me on Twitter and post your videos / tweets / pictures using the hashtag #myindianodyssey.
See you there and have a happy journey !
Thoughts on Digital Marketing
- Since we require high growth in In-bound Leads, we need to structurize the data of our website accordingly.
Top Career Mistakes you should avoid at any cost
We are humans, We all commit mistakes. The more we commit, more experienced we become. Learning the mistakes of others prevents the miseries and pain which else you would have gone through.
Following were my career mistakes and for the benefit of masses, I sharing them here.
1. Avoid a Job which requires more than 2 hours of daily commute
In this competitive world, millions of employees travel commute tens and even hundreds of miles daily to reach their office and home which can take couple of hours. Avoid that in any cost. The more you travel, the more time you will lose. that time can be spent with your loved ones, working out and other essentials. Also, when you are traveling using public transport, listen to audio books, carry a kindle / paperback and read books. build your skills and do something productive out of it.
Time is the most valuable asset you have, use it fully.
2. Don't leave the organization during appraisals.
I have done this blunder twice. Corporations gives you hike on last Salary Package, therefore it's prudent to participate in every appraisal and then left the organization ( if you really have to ). Else you will be back to square one and spending another 6 months or an year to prove yourself to get to the same level of appraised Salary.
Be very strategic about the Salary Package or else you will be working for peanuts which isn't very comforting in this fast paced - high inflation modern economy.
the rediscovery of love for programming
07.04.2016
over the years ( 8 years ), i have ignored working on my programming / coding skills. but then this recent visit to bangalore ( india ) for attending a conference turned out to be a blessing in disguise. I stayed with my senior for a few days and observe his working style. he has been my inspiration for so long but this time i got real insights on how he works (a millionth part of it, maybe), etc.
i am loving my new love for coding ( HTML / CSS ) for the starters.
update 16th December 2018:
So I did code pretty much on and off so nothing was substantial. I hope to do a lot more python coding in coming days. Let's see.
