this turned out to be a FANTASTIC read. Another level.
this right here, this is called thinking long term.
and finally. THIS APPLIES SO WELL TO INVESTING TOO!
"Sustainability, to a certain extent, is to have ice in your stomach because you need to believe in the long-term effects of what you’re doing and not starting to doubt them too early,”
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Markets are at all-time highs. I think this is why. Thread.
Three things are getting 'factored in' (fancy word for assumed) by investors: a) Modi 350+ in May 2024 b) India GDP at 7%+ for foreseeable future and c) US Fed rate cuts (and RBI) start next year. These are big assumptions.
What can go wrong? If any of the previous three assumptions do not happen. But talking of what can go wrong, take a few steps and look at the past 4 years..
Myth 1 'jobs suck': People survive and grow out of bad jobs, usually learning something good. And usually? it's the people (around you) who suck, not the job. Which brings me to..
Myth 2 'politics suck': Politics are an unfortunate reality. Deal with them at work and you'll grow as a person. If you're good at what you do, eventually you'll get better offers... (1/2)
Income - expenses = savings (and investment). Simple tips for all three.
Income: salaried job? check your appointment letter, CTC in detail. Max out tax savings using PPF, NPS, etc. keep track of perks, benefits, etc (medical, HRA, leave allowance).
Income: consultant? Maintain records well. Check your TDS rate versus slab rate. Keep depositing advance tax in time. Pay your GST on time (I do it when I get client fees).