For some peace of mind

Earlier post I had linked to Warren Buffets financial advice for 2009. Below one too is some good advice to make sure you have some peace of mind. I got it as a forward, however felt it is a good read.


 
An Angel says, 'Never borrow from the future. If you worry about what may happen tomorrow and it doesn't happen, you have worried in vain. Even if it does happen, you have to worry twice.'
1. Pray
2. Go to bed on time.
3. Get up on time so you can start the day unrushed.
4. Say No to projects that won't fit into your time schedule, or that will compromise your mental health.
 
5. Delegate tasks to capable others.
 
6. Simplify and uncluttered your life.
 
7. Less is more. (Although one is often not enough, two are often too many.)
8. Allow extra time to do things and to get to places.
9. Pace yourself. Spread out big changes and difficult projects over time; don't lump the hard things all together.
 
10. Take one day at a time.
11. Separate worries from concerns . If a situation is a concern, find out what God would have you do and let go of the anxiety.
If you can't do anything about a situation, forget it.
12. Live within your budget; don't use credit cards for ordinary purchases.
 
13. Have backups; an extra car key in your wallet, an extra house key buried in the garden, extra stamps, etc.
 
14. K.M.S. (Keep Mouth Shut). This single piece of advice can prevent an enormous amount of trouble.   
15. Do something for the Kid in You everyday.
 
16. Carry a Bible/Holy Koran/ Gita with you to read while waiting in line.
 
17. Get enough rest.
18. Eat right.
19 Get organized so everything has its place.
 
20. Listen to a tape while driving that can help improve your quality of life.
 
21. Write down thoughts and inspirations.
22. Every day, find time to be alone.
 
23. Having problems? Talk to God on the spot. Try to nip small problems in the bud. Don't wait until it's time to go to bed to try and pray.
24. Make friends with Godly people.
 
25. Keep a folder of favorite scriptures on hand.
 
26. Remember that the shortest bridge between despair and hope is often a good 'Thank you Jesus '
27. Laugh.
 
28. Laugh some more!
29. Take your work seriously, but not yourself at all.
30. Develop a forgiving attitude (most people are doing the best they can).
  31. Be kind to unkind people (they probably need it the most).
 32. Sit on your ego.
 33 Talk less; listen more.
 34. Slow down.
 35. Remind yourself that you are not the general manager of the universe.
 36 Every night before bed, think of one thing you're grateful for that you've never been grateful for before. GOD HAS A WAY OF TURNING THINGS AROUND FOR YOU.
 

Warren Buffet's Financial Tips for 2009

We begin this New Year with dampened enthusiasm and dented optimism. Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations. Everyone is desperate to find a remedy that will cure their financial illness and help them recover their financial health. They expect the financial experts to provide them with remedies, forgetting the fact that it is these experts who created this financial mess.

Every new year, I adopt a couple of old maxims as my beacons to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older. This year, I invite you to tap into the financial wisdom of our elders along with me, and become financially wiser.


#Hard work: All hard work bring a profit, but mere talk leads only to poverty.
# Laziness: A sleeping lobster is carried away by the water current.
# Earnings: Never depend on a single source of income.. [At least make your Investments get you second earning]
# Spending: If you buy things you don't need, you'll soon sell things you need.
# Savings: Don't save what is left after spending; Spend what is left after saving.
# Borrowings: The borrower becomes the lender's slave..
# Accounting: It's no use carrying an umbrella, if your shoes are leaking.
# Auditing: Beware of little expenses; A small leak can sink a large ship.
# Risk-taking: Never test the depth of the river with both feet. [Have an alternate plan ready]
# Investment: Don't put all your eggs in one basket.

I'm certain that those who have already been practicing these principles remain financially healthy. I'm equally confident that those who resolve to start practicing these principles will quickly regain their financial health.

With Best Regards,
Warren Buffet

Should I buy Tata Capital Secured NCD- Non Convertible Debentures

Tata Capital announced availability of Secured NCD- Non Convertible Debentures. The issue opens till Feb 24.
Interest UP TO 12% per annum ( compounded annually ) for 5 years.
 

Should we buy Tata Capital's bonds or not ? Is it better / Safer than Fixed Deposits (FD) ?

Well to understand what is a bond,  From Wikipedia
A Corporate Bond is a bond issued by a corporation. It is a bond that a corporation issues to raise money in order to expand its business. ^[1]The term is usually applied to longer-term debt instruments, generally with a maturity date falling at least a year after their issue date. (The term "commercial paper" is sometimes used for instruments with a shorter maturity.)



My take :  (this may be fully wrong so read it at your own risk)

Buying bonds from a company (here Tata Capital assuming they are doing this for Tata Group) is like buying shares of one company. Investing in FD is like buying a mutual fund.

Well the benefit of buying a Mutual Fund diversifies your risk in to multiple companies, similarly buying a Fixed Deposit is like buying multiple companies' debt. So chances of loosing full money is lesser when investing in Fixed Deposit instead of bonds.

So buy the financial instrument based on your risk appetite. Personally I will not put my money in this bond as I am very risk averse seeing the current financial mess we are all in. OK one more point, I have already burnt my fingers in shares too.

BJP raising the bar on Using Technology

Below is an Ad about Advani as PM. Online versions of IndianExpress, The Hindu etc are sites showing this Ad. I even observed Google Text Ads in a few websites.

Even though Mr Promod Mahajan (late) was known to be the techno politician, the BJP seems to have enough Internet / Technology savvy people around to guide the party.  Most importantly someone there had the management skills to listen to those tech savvy advisers. Change is really sweeping the political class.

However we really need to see how much of an impact this will have on final results. I am afraid we as voters do not vote once we get in to a comfy zone (read as, become well off). Unless you are well off you are also not going to see this Ad (no internet access). That means these Ads for all you know will be seen only by people who will not vote. I could be wrong.


Hope all politicians really understand how the Internet and Technology can make our Rural masses world beaters and invest more in education and bringing technology to the masses in our country.

Good Luck for the elections !