Soorma and life’s lessons

Financial Independence, Uncategorized

Today I saw this movie Soorma which is based on the real life story of the Indian hockey player Sandeep Singh.

I had not known the actual story of what had happened with Sandeep Singh in real life and the the life threatening situation he went through.

What this film also brought out was the fact that if you have a skill which determines your income, your possibilities in life & your status in life and if something hurts that skill your whole life can get shattered

Life comes with its own ups and downs and everyone has to go through them…. What matters is the people who come out of these ups and downs with grace and dignity.

I was telling my son the same thing today after watching the film.  I have also had a situation where I was clinically dead and no one in my family knew about it because I was in Bangalore at that time.

It was the people around me & the crew in the aircraft of Indian Airlines (now Air India) who showed the presence of mind and immediately took me out of the aircraft in Bangalore and took me to the Columbia Asia hospital where I was revived.

It was the colleagues in my office in Gurgaon who sprang into action on that 18th July 2008 evening and organised everything once they came to know about my situation

At the end of the day when there is no family or friend around and still the world helps you, without any compensation, it just shows that you have been blessed with so much.

So it is imperative that we ensure we do our good deeds at all times without bothering about the return because at the end of the day the universe pays you back multiple times with all the goodness

This blog post has nothing to do with finance but it’s an even bigger thing about earning blessings through whatever good we can do, because irrespective of how much money you have , it’s the blessings that you have earned on your way that help when no one knows you and the amount of money you have, but still help you.

Do good &  May the force be with you!!

How women in India can change the destiny of the country – part 2

Financial Independence, Uncategorized

Continuing where I left last, when more women come into the workforce there is money in more hands.
First this money goes to ensuring that the basic necessities of life are taken care of.

The good thing about basic necessities however is that once they are taken care off, there is not too much more that needs to be done , so once you have had three meals you can’t have one more meal during the day.

Once people have more money than they need to take care of their basic necessities they do 2 things – one they try to save and two they like to move up in life by doing discretionary spending.
When discretionary spending starts to happen the GDP growth starts to multiply. In India from the time the per capita rose from $1000 to $1700 one major trend that is seen – last year the growth of Air Traffic has been faster than the growth in rail traffic. The per capita is expected to in the next 7-8 years hit $3000/-.  That is considered the poverty line in countries like the US& Canada for a family of 5.  But adding $1300 per capita into more than 1 billion people can mean such a huge uplift for India.
Just with the addition of $700 per capita (from $1000) even though the Indian economy does not seem to be doing very well, still you have most Metro airports and all the Planes and flights which I have taken recently completely full. Whether it is low cost Airlines like Indigo and Go air or full service Airlines like Air Vistara or Air India you don’t see empty seats. There is a waiting list for cars and 2 wheelers.  People are wanting to move up in life.  They have aspirations to be better than what their parents were.

So what does this have to do with financial freedom….

If more women come into the workforce they will add to the per capita income. Once they take care of the part of the burden of the basic necessities of the house, then they will end up spending on better education and health of their children and better quality products for themselves.

If you see trends like these and you invest in countries like India, which have a such a young demographic, you can be picking gems which can make you rich many times over.  Invest through SIPs in mutual funds or invest in Emerging Market funds, but systematically go about investing in growth stories and the growth momentum can propel your finances into a different orbit…

Till next time

Keep identifying trends