What Mr Buffet has to say on earning, spending, other things

Warren Edward Buffett is a business entrepreneur, investor, and philanthropist from the United States. He presently serves as Berkshire Hathaway’s chairman and CEO. He is regarded as one of the world’s most successful investors, with a net worth of more than $117 billion as of March 2022, making him the world’s sixth-wealthiest person.

Source: What Mr Buffet has to say on earning, spending, other things – Towards A Better Life

#daily-post, #finance, #postaday

You can break your bad financial habits; Here’s how

 

Bad financial habits can have an adverse effect on your life. Common issues include spending more than you earn and failing to establish an emergency fund. Taking a financial health survey might be a helpful starting step in identifying problem areas. Emotions and experiences can have a significant impact on our financial habits. Setting financial objectives can help you develop healthier behaviours.

Assume you wish to increase your emergency funds or make on-time credit card payments. Review your money once a month or every couple of months. Examine your budget and behavior to see if you’re on pace to meet your objectives.

It might be difficult to break bad financial habits. But you don’t have to do it alone.

‘Whether it’s journaling or having a chat with your partner or some other form of helping yourself feel secure again around the topic of money,’ says a financial expert, there are people and things you can turn to.

There are also a plethora of professionals available to provide assistance.

Source: You can break your bad financial habits; Here’s how – Towards A Better Life

#daily-post, #finance, #postaday, #self-improvement

You have to manage your emotions well if you want to build wealth, Here’s why

In his memoir A Man for All Markets: Edward O. Thorp, an American mathematics professor and former hedge fund manager, expressed it best.

“Investment management that is properly managed would better prepare people for retirement and make them less reliant on society during their lifetimes.”

Stoicism can help you become a more consistent investor, even during market ups and downs.

Here’s an article that explains lessons learnt from Stoic thinkers and long-term investors.

https://dariusforoux.com/stoic-investing/

Source: You have to manage your emotions well if you want to build wealth, Here’s why – Towards A Better Life

#daily-post, #finance, #investment, #peronal-finance, #postaday

Your self-worth is more important than your net-worth

 

Source: Your self-worth is more important than your net-worth – Towards A Better Life

#daily-post, #finance, #postaday, #sunday-special

Brain surgery of his mother led Keto India’s founder Sahil Pruthi to win Shark Tank India’s highest offer

 

I

I believe that you can win against all odds if you have the parents of your parents with you.

Life isn’t fair to everyone, but Sahil Pruthi transformed his stumbling block into a stepping stone. Sahil’s mother’s brain surgery led him to create his healthtech startup, Keto India and win highest offer on Shark Tank India.

On Shark Tank India, Sahil Pruthi received an offer of Rs 1.6 crore for his healthcare tech firm Keto India. This was the highest offer ever made on the show.

On Shark Tank India, Keto India creator Sahil Pruthi received a Rs 1.6 crore offer. Four of the five’sharks’ expressed interest in his healthcare technology firm, which was formed in 2018.

The show is the Indian equivalent of the popular US show Shark Tank, in which budding entrepreneurs present their company plans to a panel of investors.

Sahil rushed to Facebook to express his delight.

“Pitching on Shark Tank has been one of the wildest and best experiences I’ve ever had, and I’m really thrilled to be able to share the storey of what our rockstar team Keto India/Livofy has built! And having my mother there was wonderful.”

Sahil was motivated to start Keto India after his mother had serious brain surgery four years ago. For roughly nine months, he and his sister had to abandon their careers to care for her. However, the experience compelled him to use these months to improve his grasp of diet and health.

During his pitch, he told the sharks, “I wanted to know why this operation was required in the first place. And could we do anything to prevent it from getting to that point?”

Sahil provided his mother with a personalised dietary plan and supplements, as well as enrolling her in clinical studies to enhance her health.

He continued, “Four years have passed. My mum is OK and is here today.”

Panelists Ashneer Grover of BharatPe, Peeyush Bansal of Lenskart.com, Namita Thapar of Emcure Pharmaceuticals, and Aman Gupta of boAt all approved of Sahil’s pitch. However, he declined the offer since the ownership portion they requested was greater than Sahil’s offer of 1.25 percent.

Keto India said, “We received some useful input, and the sharks were enthralled by our company’s concept. The experience has been beyond incredible, and it has given us a tremendous opportunity to work on ourselves and scale the same in order to thrive in the business.”

You can read this and more such articles that I write and rewrite for PR agency Times Applaud at https://timesapplaud.com

Source: Brain surgery of his mother led Keto India’s founder Sahil Pruthi to win Shark Tank India’s highest offer – Towards A Better Life

#finance, #get-inspired, #health-and-fitness, #sahil-pruthi, #shark-tank-india

Why you should launch your startup in 2022 – Towards A Better Life

Is launching a startup in 2022 your New Year resolution, but you are hesitant? This article contains several reasons for you to start your own business next year. You may desire to establish your own business for a variety of reasons, such as capitalising on an opportunity or meeting a need in your community.

Towards A Better Life is committed to motivating entrepreneurs and providing you with the resources and know-how you need to succeed. And so we’ve created a list of reasons why you should start your own business below.

Here’s why you should launch your startup in 2022.

Make More Money: There’s no denying the fact that money is important. Unless you work on commission, your full-time income is most certainly limited. When you establish your own business, you have complete control over how much money you make. As a business owner, there is no pay ceiling. You can always make more money and grow your company.

Discover Your Purpose: Have you ever felt like you don’t have a purpose at work? Starting a business can provide wonderful meaning and purpose to your life—this is not the same as becoming a workaholic. When you discover your mission and create a business around it, you are no longer working; instead, you are fulfilling a dream. Meaning is created when freedom, pride, enthusiasm, and commitment come together to form a sense of purpose, motivation, and overwhelming worth. We can all agree that living a meaningful life is a good conclusion. And it doesn’t have to be confined to a daydream.

Control Your Schedule: When you start your own business, you may be as flexible as you want with your schedule. It’s up to you whether you want to sleep in, stay up late, work half days, or take off every Friday. The early stages of your firm will be hectic, but as you grow and learn to delegate, you’ll find yourself with more free time. You may like to immerse yourself in your work and pour your heart and soul into it; this is also possible.You have complete control over your schedule.

I pray to the One Almighty God to bless all my readers and followers with Peace, Health (no more Covid-19 or Omicron), Wealth and all the other good things of life in 2022 and beyond.

Read more: https://timesapplaud.com/startup/

If after reading this post you would want to How to Start a Business in 2022. Watch this video

Source: Why you should launch your startup in 2022 – Towards A Better Life

#dail-post, #finance, #postaday, #startup

Here’s why you need self-education to survive in today’s world

Formal education will make you a living; self-education will make you a fortune.

That’s a quote by Emmanuel James “Jim” Rohn , who was an American entrepreneur, author and motivational speaker.

If you’re lucky, the formal education you receive in school can only provide you with a job that allows you to survive. However, the things you acquire on your own through self-education can help you accumulate money. Self-education can be used to supplement the formal education you received in school. Let us look at it at the individual level while the government and social organisations explore ways to address the widespread unemployment.

As unemployment rates have skyrocketed for the youth, especially after  the pandemic, there is one clear conclusion that can be drawn. The conclusion is that you need to self-educate yourself with new skills needed to get work in today’s world because formal schooling is failing to teach them.

What are your options if formal schooling fails to provide you with a living? I am confident that the only alternative choice will get you out of this situation is to look for the talents on your own. You should gain practical skills in addition to the knowledge you acquired in school. Entrepreneurship is a term for this form of self-education.

Making money is not something that is taught in school.

There isn’t a school where you can learn how to make money. Yes, if you are fortunate enough to land a job in government or a non-profit organisation, you can live comfortably for years on the monthly pay you would receive. However, it will never provide you with a wealth. It is never going to make you wealthy.

You must acquire practical knowledge, and learn to earn money, for which self-education is vital. It will help you earn enough money to survive in today’s world, even if you don’t make a fortune.

Read more: https://www.golaserengraving.com/blog/formal-education-self-education/

Source of this article: https://towardsabettterlife.wordpress.com/2021/11/29/self-education-to-survive-in-todays-world/

#daily-post, #education, #finance, #mondaymagic, #mondaymotivation, #postaday, #self-improvement

How to be your money’s boss

Money is King and so many people are interested in investing. But, it’s hard to decide when you should start with investing. Here’s a guide help you manage your money.

The activity of managing your own money is known as personal finance. It is about how much you spend, save, borrow, and invest.

The way you manage your money is influenced by a variety of factors. Your personal finance plan is influenced by your age, education, ambition, family, and country of residency.

Personal finance is divided into stages.

It’s important to understand where you are right now because each step necessitates a different strategy.

Personal finance comprises four stages.

Phase One: Go from naught to something

This is when you are living paycheck to paycheck with no savings. I wouldn’t worry about anything else than having a financial buffer at this point. Simply save as much as you can. When you’re in this stage, it’s okay to be frugal. Your future self will thank you for it. However, you’re only getting started.

Phase 2: Gain traction in the second phase.

After you’ve saved at least one month’s worth of costs, aim for six months. You can relax more and spend more money on yourself during this time. However, never save less than 30% of your income during this phase. It’s critical to get to a comfortable cushion as soon as possible.

Step 3: Enjoy peace of mind in this phase

So you’ve saved enough money for at least six months’ worth of expenses. Put it in a savings account and don’t touch it for a while. Everything you save from now on will be invested.

Remember that you don’t need to consider about investing your money until you’ve covered your expenses for the next six months. Begin by dipping your toes into certain investments. When your net monthly financial growth is positive, you’re on your way to more financial freedom.

Phase 4: Gain financial freedom finally

You have enough cash and investments to support your living expenses at this point. If you start from nothing and work your way up, you can make great strides. When people are at ease, they tend to accept the status quo.

It’s not an awful spot. You have enough money to buy modest items or take vacations.

However, you must continue to work. There is nothing you need to do in phase 4. However, if you’re in Phases 1-3, your priority is to lay the groundwork for your personal finance foundation.

The way I look at it, you want to start with managing your money. You want to make sure you’re the boss of your money, not the other way around.

It’s never too late to start with investing! Don’t get lured in by certain opportunities. Remember, there have always been big winners in the market. And they will come again.

So take your time. Read the full personal finance guide here:

Personal Finance Guide: Manage Your Money Like A Boss

Source: How to be your money’s boss – Towards A Better Life

#daily-post, #finance, #invest, #personal-finance, #postaday

How to grow your side business without chasing new clients

More and more people are planning to launch a side business as a means of supplementing their income, after the pandemic had drastic economy on our jobs.

Covid-19 or not, having two incomes is far superior to having one! Who doesn’t want a second source of income?

The issue is that we frequently believe that beginning a side business necessitates constantly chasing after consumers. You simply want to do something you enjoy without having to worry about sales and marketing.

Continually selling to new customers is exhausting. But there is another option: Create a modest side business that delivers value to repeat customers.

Acquiring new consumers necessitates a significant investment of resources, time, and energy. It can cost five times as much to acquire a new customer as it does to keep an old one. That means you need recurring consumers if you want to establish any form of profitable business.

But what does this entail for those looking to establish a new business as a side hustle? You won’t have to worry about following down customers indefinitely.

One of the best ways to grow your side business is to simply start a side business that caters to a limited group of consumers and continue to serve them! Then ask these customers to help you grow your business by spreading word about it. You may even offer to share a part of what you earn through your old customers who will bring you new business.

The video below will show you more ways to grow your business

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Source: How to grow your side business without chasing new clients – Towards A Better Life

#daily-post, #finance, #grow-your-business, #post-a-day, #small-business, #startup

Co-working spaces can help if work from home makes you feel isolated

People who want to escape the isolation of a home office can now work together in co-working spaces. Here’s all that you should know about co-working spaces.

Immediately after walking into a co-working space, you’ll notice that it’s not like a conventional office. The scent of fresh coffee in the air is second only to the electrifying ambiance created by the space’s lively and eager occupants. You’ll notice a mix of people working hard at private desks and others engaging in lively conversations at large shared tables.

Co-working spaces are communal workplaces that provide low-cost office space for anyone looking to break away from the isolation of a coffee shop or home office. Entrepreneurs, startups, freelancers, and small teams are common occupations.The option to rent only what you need rather than a complete private office space is one of the benefits of co-working space.

Private conference rooms, hot-desks, kitchens, and other office-like amenities are available at these co-working spaces. They frequently provide a sense of community as well. Aside from culture, pricing is a major lure. Costs vary and are flexible with various membership-based structures. There are alternatives for daily or monthly prices. Membership rates vary depending on whether you utilise a shared desk or want a dedicated one.

Co-working space are an excellent fit for these types of small businesses. There is a natural fit between what the venues provide and the aspirations of freelancers and start-ups.

A group of experts has been examining the benefits of Co-working on productivity, and some of their findings were recently published in The Harvard Business Review. Their research found a strong correlation between employees thriving in these open workspaces and employees thriving in traditional offices. So much so that they decided to investigate Co-working spaces further. The study discovered that persons who use Co-working spaces had distinct views as a result of their surroundings.

People enjoy feelings of more meaningful work, more job control, and a sense of community in co-working spaces

Co-working space have recently been adopted by larger enterprises due to their success among the usual suspects. Forward-thinking businesses are already utilising Co-working spaces when possible.

Firms such as WeWork (which was recently valued at $16 billion) are attempting to entice larger organisations to its Co-working facilities. Bloomberg says KPMG, General Electric, and Merck all use the area. Some companies see the 75 desks they hire as a strategic asset.

Employees of KPMG at WeWork are active in business consulting to start-ups as well as tech innovation research.

Others see the flexibility given by the spaces as a benefit when it comes to managing real estate and costs. Longer leases are not required because they necessitate projecting real estate and company needs.

You can read more such articles on https://timesapplaud.com

Source: Co-working spaces can help if work from home makes you feel isolated – Towards A Better Life

#co-working-space, #daily-post, #finance, #postaday, #technology