Book Review: Make Epic Money by Ankur Warikoo

 Do you wish to be wealthy today, tomorrow, day after day, and year after year? 

If you nodded "yes" four times, then you’re at the right post to learn more about it. 

On Dhanteras, we all wish for prosperity and wealth to lead a happy life and be content with what we have. Many are working towards wealth generation, while others focus on making wealth last longer. In the book Make Epic Money, Ankur Warikoo shares ways to generate wealth from your present situation. The book explains how you can leverage your assets and make your money work for you. 

How To Teach Children Money Management

 In a world where every aspect of life is moving rapidly, it becomes imperative for all of us to catch the pace of it. As a parent, your primary responsibility is to ingrain life virtues in your children early to prepare them for the world. Additionally, teaching them the basics of finance and financial literacy can significantly contribute to building their confidence. 

Financial literacy that begins at an early stage helps to develop a rich value system whereby they learn the importance of what they possess. They can be taught the difference between necessary and unnecessary expenses and how to prioritize spending. Financial know-how helps the kids to make better monetary decisions and inculcate the habit of saving and investing in the right direction.

But one must avoid risking hard-earned money to create the finance lessons learned, for this simulation games come into the picture. 

5 Factors That Can Make Personal Finance Planning Smooth

Managing finances for a family is a huge responsibility as it has to cover the needs, wants, and aspirations of the future. The balance between earnings and savings makes life different, depending on the decisions taken regarding finances while being practical.

While budgeting has a more significant role to play in finance, here I present a few factors that can make personal finance planning smooth. Besides, it helps me cater to all the family's needs yet save for the future and emergencies.

Book Review :The 5 Laws of Financial freedom by Neha Jain

Freedom in all means makes a person joyful and live happily. One of the freedoms we shall focus on today is financial freedom. All would agree to the quote “"Financial freedom is mental, emotional, and education process." By Robert Kiosaki. Are we conscious about financial freedom while working for finances 24*7 . If you wish to assess your financial freedom, take this quiz on financial freedom .

Today we are sharing our views about the book “The 5 Laws of Financial Freedom, A practical handbook for the financial well-being of Indians” by Neha Jain popularly known as digimother.

Book Cover:

The book cover is simple with the book title and subtitle; the appealing color yellow on the cover makes a reader believe that financial laws can be understood by a naïve person too.

 

Book Concept:

The book covers 5 laws in the step by step manner explaining to the reader the importance of money and how we need to make a good relationship with money. The book is divided into 5 chapters each starting with a reason to learn about finances to attain happiness and ultimately the freedom to manage life.

5 Benefits of Purchasing a Car & What you should know

Investing in a vehicle for the family is a very big decision and needs to be done considering all the factors. Be it a two-wheeler or a four-wheeler many aspects need attention. After the Covid 19 breakdown family of more than 3 members started looking for a means of communication that was safe, comfortable, hygienic, and handy in the wee hours of an emergency. This could only be achieved by owning a personal car. One has to consider all the benefits of purchasing a car and how the entire kin can utilize it to the maximum.

Purchasing a car is a lifetime investment and that has to be done right by calculating all the pros and cons, we assessed and found that there are many benefits of purchasing a car, and here are a few listed below.

Why Green Buildings Are New Trendsetter Post Covid

It is said that realization comes from setbacks or sudden change and we all will agree that we have seen multiple changes post covid pandemic. Person's perspective, the way of living has completely changed, and the new way of living life to the fullest is the top priority. 

Health – Top Priority

Pandemic has also taught us that health is an important factor, and we should not ignore any health conditions. Because a healthy lifestyle plays a vital role in how we lead our life. There are many changes people are taking up, and one of the changes that can be easily done is to live in an environment that provides fresh air.

How E-Commerce boosts MSME & promises better future #ECommerceInnovation

Gone are the days when a person has pushed aside for an idea to start the business, the main question in the old times was, who would finance your idea? We have heard many people saying that they had talent and ideas but due to lack of resources and support they took the normal path. Well, the time has changed and so is the policies and the way we look at business ideas. “Winners create their own story holds true when there is a full-fledged support system to back on."

In the 21st century, the face of the business is changing and a larger share of it goes to the E-commerce sector. According to the Nasscom research, year on year growth in the E-commerce workforce is 22 % . 

Women becoming the changing face of Growth through MSME #GrowingBusinessesTogether

Women word in itself holds an in-depth meaning and is a conglomeration of many different qualities. The major change that has today rolled out is in the women that their stepping forward has brought difference not only in their respective house, their workplace, the society but throughout the world.

Women could be said to be a pioneer of change. It is this change that took us to a level up in every field. Women are working independently and creating livelihood for many others through MSME that has generated incomes from 13.7% to 20.3%  in last ten years. To understand the analytical growth of the nation by assessing the women in charge, let us first understand what is MSME and how it has given women a platform to fulfill goals.

What is MSME:

MSME stands for Micro Small Medium Enterprise. Manufacturing enterprises and enterprises rendering services fall under MSME.

Micro – Are the enterprises whose investment in plant and machinery equipment is not more than 1 crore and whose annual turnover is less than 5 crore.

Small – Are the enterprises whose investment in plant and machinery equipment is not more than 10 crore and annual turnover less than 50 crore.

Medium – Are enterprises whose investment in plant and machinery equipment is not more than 50 crore and annual turnover less than 250 crore.

BeFit For Life

Buddha made us understand the importance of health with this quote, “To keep the body in good health is a duty, otherwise we shall not be able to keep the mind strong and clear.” 

Keeping oneself safe from all the diseases and ill health is the top priority of an individual but due to certain conditions we fall ill or incur a disease that needs to be treated. If the treatment process is smooth and hassle-free then the recovery is also faster and medicines and procedures also work effectively on the body. When most of us have health insurance still there are many things we still have to pay for.  According to the news article, we all end up spending more in OPDs for our visits in routine health check-ups. So having OPD expenses covered in an insurance plan would be a great idea.

5 Notable Tree plantation NGOs in India: Each step counts

Today on World Environment Day June 5, we all pledge to keep the environment safe and also watch many inspiring stories about how people are contributing to the efforts towards the environment. But how many of us make a conscious effort to bring change to the environment and surroundings. Many groups and trusts are actively involved in the tree plantation activity, and today we list with you 5 significant tree plantation NGOs in India working towards the betterment of the nation and in turn restoring the environment.

 

Woman Entrepreneur Ms Roshni Mukherjee : Shaping the Education World

Women and education were totally on different pages a few centuries ago but as time passed women understood the power of education and proved their mettle to the world. Women can change the world with their thoughts and actions and education is a powerful tool for them. And in today’s era, women and education are on the same page, most women now understand the importance of education and are imparting the commitment towards it. We all would agree that ‘an educated woman can shape the world better’. 

 

Importance of Vocational Education in India : #EducationForAll #CauseAChatter

Skilled person can make a living on its own, can create new avenues for self and even turn events in a manner that are fruitful in life. Let us see what is skill and how much importance it holds in personal life and how the education sector contributes to skill building. This post is a part of #EducationForAll series, today let’s focus on the importance of Vocational Education and its foundation in our education system of India.

 

Book Review : Irrationally Passionate by Jason Kothari

Today, we have an inspirational book titled ‘Irrationally Passionate’ which can also be called a biography of ‘Jason Kothari’. When I first looked at the blurb of this book, I knew I had lot of things that can be learnt, you never know when in future I turn entrepreneur. Well I am thankful to Blogadda for sending us the copy of the book in exchange of honest review even before release of the book.

Book Cover:

The cover of the book stands out with striking color combination with the crisp picture of writer himself. The title "Irrationally Passionate" , My turnaround from Rebel to Entrepreneur’ is something that just prompted me to pick.

3 Reasons to Pay Taxes for Self

 In last post we discussed about paying taxes and how nation will be benefitted by it. In this post let’s focus on reasons you, as individual will be benefitted. Well this time too I have 3 main reasons to pay taxes and feel happy about it.

Quick Bank Loans: If you pay your taxes on time and have a good credit score then your loans related to home or car or personal needs will be approved in matter of a wink, else you need to make empty rounds to bank, just to make them believe that you are genuine person and you are not defaulter of nation, who would run away with their money.

So Pay taxes and go ahead in your life with your dreams be it luxury car or well furnished apartment.

Easy Visa Approvals: After long years your destination is calling you, and you rush to visa office for clearance to fly and in midst of your dreams, visa officer asks you about your IT returns and you come to reality and curse the moments you didn’t pay taxes. Well if you need a smooth process of visa approval, keep all your IT return papers also intact, then fly to your destination in real not in thoughts.

Peaceful Sleep: Last but not least, peaceful sleep is for what each one of us our working hard. Paying taxes pinches each one for a time but I surely can assure one can have a peaceful time after that. You can be proud of yourself that you have done a good deed. 

3 Reasons to Pay Taxes for Nation

Every end of quarter, one sees advertisements in electronic and print media regarding motivation for people to pay taxes. Besides after so many reminders there is a huge list of defaulters with bizarre reasons. Actually by paying taxes to the respective government we as a citizen of a country share responsibility on our shoulders too. Don’t believe in this then read 3 most important reasons why we pay our taxes to government.

Pay Taxes & contribute towards building Nation