finance, life

The basic finance I learnt from my dad!!

“In investing, what is comfortable is rarely profitable.”

                                                                                          – Robert Arnott

How did it all start???

It all started when I started earning a stipend of Rs 5 k per month in my fourth year of architecture, where I am supposed to work as an intern in a firm. I was in my own city, so I never had to worry about food or shelter. So, spending on little luxuries was my thing for the first two months, then I started keeping some money in my account, which I would call saving up.

After a period of eight months, I opened a demat account as my dad was bugging me constantly. (Yeah!! when you are in the phase of growing up, your dad looks like your biggest enemy in this whole world, ironically, you realize everything later when you face the world.)

So, I would really state the difference between saving and investing. Read it carefully.

Savings refers to that part of disposable income, which is not used in consumption, i.e. whatever is remained in the hands of a person, after paying all the expenses. On the other end, Investment is the act of investing the saved money into financial products, with a view of earning profits. It alludes to the increase in capital stock.

I started with a mere amount of Rs 10 k in June 2015 and invested in some stocks. I was seeking my dad’s help shamelessly for the market study because I never had this finance or economics study background in my life. It did take a lot of effort to learn but it was all worth it.

Where did all the money come from when I went back for my final year?? Yeah!! It was all the money which my relatives, grandparents and my parents gave me with a lot of love. The same disposable income we spend on eating out and getting other luxuries. I kept investing all of it.

IMG_20180327_170737_2

Compounding was the key. 

Now, how to diversify your investments?? 

  • Fixed deposit- Fixed deposits are a high-interest -yielding Term deposit and offered by banks in India. The most popular form of Term deposits are Fixed Deposits, while other forms of term Deposits are recurring deposit and flexi- fixed deposits (the latter is actually a combination of Demand deposit and Fixed deposit).
  • Mutual funds – an investment programme funded by shareholders that trades in diversified holdings and is professionally managed. I invest 3 k every month and it has given a good returns. It is a period of seven years that I opted for. I have chosen DSP Black rock mutual fund.
  • Share Market – a market in which securities are bought and sold; a stock exchange to be put in a single word. This requires a little more effort and needs a proper study or guidance. You need to watch the market carefully. Websites like Moneycontrol.com, Capitalmarket.com can be used to track your portfolio. You need to take every move carefully. Even a mere sum of 100 bucks would come in handy at times.

“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” – Warren Buffett
Be prepared to invest in a down market and to “get out” in a soaring market.

These are some of the strategies I follow. I am a proud owner of a portfolio of Rs 2.5 Lakhs.

Whenever I have an urge to spend on shoes or lipsticks, I follow the principle of DELAYED GRATIFICATION. ( I love to splurge.. )   What is it??? It is to control your urge or your temptation for an immediate reward and wait for a later reward. As a 90’s kid, I was taught to be content and be happy with whatever I have. I have always seen my parents as examples, who never faced any financial crisis during the month end or while building a house or buying the first car. Back then, my mom was not working and  with one man’s salary, my mom has planned it so well that we enjoy now.

I would also say that I was lucky enough to experiment with various options as I don’t have responsibilities to take care of my family. I would suggest you to start as early as possible to exit the rat race. Think before spending on those shoes. Do you really wanna buy that when you already have 15 pairs of shoes?? Or you wanna invest the same money in share market or mutual funds??

IMG_20180327_170727_2

Once you invest a significant amount of money, you will get a good returns from the interests, dividends and what not!! Money would work for you. Yeah!!you heard it right. 

I am no pro and you need to do your study right away and check what is good for you and start building up your empire.

Happy investing folks… !!!!!!

And watch this space for more!!!

 

References:

https://www.investopedia.com/financial-edge/0511/the-top-17-investing-quotes-of-all-time.aspx

https://en.wikipedia.org/wiki/Fixed_deposit

https://www.google.co.in/search?rlz=1C1CHBD_enIN775IN775&q=Dictionary

Illustrations:

Mine!!

 

life

The notion of a ‘perfect body’..

“A woman is helpless, only when her nail- polish is drying.”

– M C Mary Kom

 

The figure of a woman.. Why is the world obsessed by it?? No one really cares about how a man looks. In this misogynistic society, whenever I get approached for marriage, all they really see is how I look or if I would be putting on weight after the wedding. But then, when I look at the physical appearance of the man, I am tagged as opinionated.

shapes.jpg

Which one are you???? 

 

The body of the woman depends on various factors such as medical issues, which may include, thyroid, PCOD,  post- par tum and most importantly the self-less love towards  her  family  where  she  forgets  to  take care of  herself.

In an  old  Tamil  movie ‘ Sathileelavathy’, the woman gains so much of weight after giving birth to two kids and taking care of her endless family needs. And her husband is shown to have  an extra marital affair with a thinner, younger and an attractive woman. When there are perfectly skinny models are shown on screen, we tend to believe that it is normal to look like one. If my mom has to look like them, she doesn’t have the luxury for all the time and effort spent , she definitely can’t take care of her family even though my dad helps her in every possible way. And think of women who have to do everything on their own, and alas!!! they never find time for themselves, they don’t get weekends nor do they retire.

When the skinny models are considered to be beautiful or perfect, the chubby women like Namita or Sona are considered to be sex symbols. Why? Who set all these??

Is 36-24-36 really the perfect woman?? Why not a curvier or a plus size woman??? It all depends upon how you carry yourself or your attitude towards life or towards your fellow beings. 

Look beyond her looks… perhaps her thoughts, actions, intelligence, determination, endurance, perseverance and what not…

Beauty is largely subjective. It may be anything in a woman.

When M S Subbulakshmi’s eyes are closed and immersed in her music or when my mom is sweating after preparing the best food for her family or when a woman carries a baby in her uterus or P V Sindhu swiftly hitting on the court or  it could even be how every girl used to come back home from school, hair undone, dumped in mud or dirt – These instances are much more than how their bodies are or the color of their skin.

Let’s embrace ourselves, and accept every woman to be beautiful. It might be hard to love yourself in the beginning, look beyond how far you have come across, YOU ARE THE BEST, NO MATTER WHAT!!!!!!

 

Written by

Divya Shankar

Image source: https://qz.com/367114/its-time-we-stop-comparing-womens-body-shapes-to-fruit/