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Banking & Insurance Professionals

 
Started by : Adrija , Assistant manager finance , HDFC Bank   12 10 2010 09:41:04 +0000
Industry : BankingFunctional Area : India(Markets)
Activity:  34 views;  last activity : 12 16 2010 08:41:13 +0000

While we are extremely bullish about what the future holds for India, we also believe that it is unlikely to be a straight-line opportunity over the next decade. Our belief is that the significant linkages that exist globally will mean that economies and financial markets, and as a re-sult businesses will see cycles that will swing between extremes on both sides. Therefore, the seeds that are sown in good times will probably dictate how we are able to ride through the down cycles that we will encounter along the way. Thus, your spending habits during the good times become critical. So, how to make sure you remain like a king all the time??  In a way the question revolves around your money management....Views please...

 
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1 2 3 4 5
1 Earn , Save, Invest & Spend
2 Life is like a Mirage!
3 Hi!
4 Hi
5 Hi
6 Great Works are attained e only by hard work
7 "Invest In Your Talent" " Stop Dreaming" "Spend Wisely" "Diversify Yourself"
8 MIND
9 Through Smart think a person can be king all the time
10 EARN,SAVE,INVEST & TIME

Earn , Save, Invest & Spend

idea posted by Adrija Assistant manager finance , HDFC Bank

This order of managing one's finances is critical. Unfortunately, we find that a lot of people don't follow this pattern – the most common process is save what is left over after spending. In fact, there is an increasing trend towards spending what you have not even earned yet. Sit down with your financial planner to understand what you need to save to achieve your financial goals, set and implement your investment targets, and then spend what's left over.

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I second Sudhakar's opinion here...Get the BPL families who represent the vast majority of our population to a level that they can start saving and investing...But for the rest of us, diversifying the risks in different instruments would certainly pep up your cash levels during bad times but would still not make you a KING unless and until you have a QUEEN sitting beside you!

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I get reminded of the famous saying of Karl Marx..."When poverty knocks at the door, honesty flies out of the window". I dont think anyone will save sacrificing one of their daily square meals. Its only when you have an excess over your three square meals, then we are talking about savings, investments, financial goals etc. This concept does not make sense to a majority of the population who just scrape through a square meal. Lets first enable the majority to achieve their subsistence level, before we preach savings and investment.Does it sound idealistic? Yes it is..but also a stark reality!!

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by Srinivas D, Asst. Manager Sales  | 12 11 2010 04:24:58 +0000

Earn, Save, Invest and Spend is the order of the day :) Every individual should Save to achieve one's financial goals.. Investments help in planning the future of the individual and their dependents.. Spending is important and needed for the goodness of the Economy.

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Life is like a Mirage!

idea posted by S. Muralidharan Executive Director, Knowledge Foundation & Campus Around the Corner
Swami Vivekannda says "We came to enjoy; we are being enjoyed; We came to rule; we are being ruled. We came to work; we are being worked. All the time, we find that. And this comes into every detail of our life. We are being worked upon by other minds. We want to enjoy the pleasures of life; and they eat into our vitals. We want to get everything from nature, but we find in the long run that nature takes everything from us - depletes us, and casts us aside".
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The question is...'where did we come'?Enjoying, ruling and working are very relative. If we take a literal meaning of these words, then we are being Utopian.If we define our expectation levels based on our situations, we can live our life.The struggle begins only when these two don't resonate on the same wavelength.And Murali,The one and only indelible rule of mankind is adaptability. Yes we depend on nature and will continue to depend.The day we see depletion of nature, we see enormous threats to mankind like global warming, ecological imbalances etc.,And the causal factor is like Dr. Spencer Johnson author of 'who moved my cheese'says "the cheese is limited, consumers are more". The objective should be to quantify the cheese to strike a balance between the cheese and consumers. So it is not nature which depletes us, but we deplete nature. Think brother Murali..and all who read this!!

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idea posted by Dr.Raveendra Sr.Consultant, Systemliogic
Great greater greatest
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idea posted by Dr.Raveendra Sr.Consultant, Systemliogic
Help me to earn my living
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idea posted by Dr.Raveendra Sr.Consultant, Systemliogic
live life kingsize
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Great Works are attained e only by hard work

idea posted by Dr.Raveendra Sr.Consultant, Systemliogic
Success must not come to your head. You have to win & Conquer daily.
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"Invest In Your Talent" " Stop Dreaming" "Spend Wisely" "Diversify Yourself"

idea posted by Asadullah M.S. Concept - Buying Head, FMCG Non Food, Non Food, & Wine & Spirits
never run back of sucess, invest your talent in such a way that sucess and wealth should come to you.
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idea posted by M.B.MALANI MBA/PGDM student, R.R.INSTITUTE OF MANAGEMENT BANGALORE
It is depend on your minds perception if you think like you are living like king then you r king
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Through Smart think a person can be king all the time

idea posted by purushottam Dass Matta HR Executive, G.D.FOODS MFG. (I) PVT. LTD
Set the Goal,& Plan how to acheive target .go accordingly,if there is difficulty you may change some thing but target should be set.
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EARN,SAVE,INVEST & TIME

idea posted by Michael Daniel Resource Consultant, Concorde Management Consultants
I strongly support the idea of earn, save, invest & spend. We earn to save, save to secure our future and spending depends on each individual.
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Mam, when someone publishes a study or research it means there is fair amount of truth into it. You just cannot brush off the matter saying it is fake. If so then you should resonate.
Thanks Manish btw many here are too old for this :) MR. Murthy the link of your blog :)
As such I am not satisfied by the sides given. But the question that should be raised is that why should there be an increase. They already have enough what more do they want?
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