I think I have shared this earlier but since it’s a new year and people will be working their financial goals for the year, I thought it’s a good time to refresh the #Rule72 .
If you find it useful and believe like me that’s it’s #TooGoodNotToShare kindly retweet ...
In personal finance, if we divide the number 72 by the rate of interest, we do get to know the number of years it will take for us to double the money.
For example if the rate of interest is 9%, simply divide the number 72 by 9% and the answer is 8.
Thus it will take 8 years to double our money if you invest at 9% p.a. rate of interest.
We can use this rule in reverse to know the rate of interest needed to double our money to achieve our set goal.
If we have 2.5 lakhs today and you need 5 lakhs in 5 years.
When something goes wrong do you bless it or curse it?
Our natural reactions often lead us towards the negative, but that will only breed more negativity.
Catherine Ponder in her book, _'The Prosperity Secrets of the Ages', talks about blessing people and the situation. It is a very powerful tool and brings instant success manifold. It is a very simple way to say a positive prayer for someone or something.
One of Catherine Ponder’s favourites is “I bless you, and bless you for the goodness of God that is within you.”
A big city lawyer went duck hunting in rural North Cowra. He shot and dropped a bird, but it fell into a farmer's field on the other side of a fence.
As the lawyer climbed over the fence, an elderly farmer drove up on his tractor and asked him what he was doing.
The litigator responded, "I shot a duck and it fell in this field, and now I'm going to retrieve it."
The old farmer Peter replied, "This is my property, and you are not coming over here."
The indignant lawyer said, "I am one of the best trial lawyers in Australia and, if you don't let me get that duck, I'll sue you and take everything you own."
One of the leadership traits that is often praised is the ability to lead from the front.
How relevant is this,especially in the context of empowering your colleagues, coaching your team, developing big leaders and to allow faster decision making
Why are leaders scared of letting their staff fail? The same is true for parenting as well. The constant fear of failure prevents leaders and most parents to “let go’, which unfortunately,may provide a temporary relief from a disaster but sets up employees & children for failure.
The challenge for leaders, especially as one moves from an individual contributor (operational) to a team leader (strategic) role is to be able to step back and let the second rung of leaders take over.
I read an excellent short story and felt it was #TooGoodNotToShare .
I encourage all to read it once ..
CAUTION : The names used below are imaginary names ..
Tayo and Kola joined a company together a few months after their graduation from university.
After a few years of work, their Manager promoted Tayo to a position of Senior Sales Manager, but Kola remained in his entry level Junior Sales Officer position.
Kola developed a sense of jealousy and disgruntlement, but continued working anyway.
One day Kola felt that he could not work with Tayo anymore. He wrote his resignation letter, but before he submitted it to the Manager, he complained that Management did not value hard working staff, but promoted only the favoured!
A movie theater announced that an 8-minute movie won the title of #BestShortFilm in the World and
decided to display this movie for free, so that the largest crowd could gather to watch it ...
The movie began with a snapshot of a room ceiling that is devoid of any decoration and of any details; Just a white ceiling ...
Three minutes passed without the camera moving and it did not move to any other scene, or any other part of the ceiling in the same room ...
Another 3 minutes passed without the camera moving & without changing the scene
After 6 boring minutes,the viewers started grumbling.Some of them were about to leave the theater whilst others complained to the officials of the house that they wasted their time watching a ceiling