Excellent session from @SahilBloom today at @BuildBySTL.

Here's a thread on a few tips from Sahil.
1/ Keep asking why.

We're born as very curious individuals. Over time, we lose this curiosity because we're told 'that's how things are always done'

Keep asking why. The greatest builders keep asking why.

@elonmusk asked why is going to space so expensive - hence, @SpaceX
2/ Be curious. @SahilBloom learnt about Pufferfish - completely random but fun to know.

It's like Steve Jobs learning calligraphy. You never know how something works out. Dots connect only in hindsight.
3/ Mental models are great.

But you need to know which models are useful at what times.

How do you do this?

Brings us to point 4.
4/ Surround yourself with curious/helpful people

Brainstorm together. Reach out to people who have expertise in different things.
5/ Cold emails/ cold outreaches have potential to change lives.

@nitprashant is a champion at this too 😉
6/ How to craft beautiful Twitter threads like Sahil:

- Make your threads readable - don't huge chunks of text together.

- Write for 5 year olds/ your mom - everyone should be able to understand your content easily.

- Add insights that no one else has provided
7/ Writing can be an amazing learning tool.

If you can write and simplify, you'll learn so much about a topic.
8/ Learn do learn do learn do - This is the new way of doing things.

You don't need to learn everything before diving in. Keep iterating.

That's how you become better. Learning by doing is the new normal.

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More from @manansmehta5

1 Oct
National Pension Scheme (NPS) is the new hot deduction everyone is talking about.

We've spent a lot of time dissecting #NPS. Here's everything you need to know.

A Thread 🧵

Like and RT 🚀

#NationalPensionScheme #Investing #PersonalFinance Image
1/ First up, here's a detailed article on NPS and why it might be good idea to start investing in an NPS:

thegalacticadvisors.com/post/national-…
2/ Let’s focus on the deduction aspect here ✂️

Deduction under 80CCD is available upto:

• Employed person:

Can contribute upto 10% of salary to NPS. This 10% is in addition to the INR 1,50,000 limit under Section 80C.
Read 6 tweets
30 Sep
Accidentally made Intra-day trades? 📉

This can happen. Here's how to deal with it from a tax perspective.

A Thread 🧵 Image
1/ First up, why does this happen?

- You might think your stock broking app will just sell your old shares. This happens most times.

But if you purchase and sell the same scrip on the same day, it will be treated as an intra day transaction.
2/ What's the tax treatment?

Intra day transactions are treated as speculative business for tax purposes.

Tax treatment is NOT the same as capital gains.
Read 11 tweets
29 Sep
Is Universal Basic Income the future?

I've been doing some research on this for a while.

Here's a findings thread 🧵

Make sure you like and retweet 🚀 Image
1. What is Universal Basic Income? 💰

Imagine a state where the Government covered your cost of living. What would you do? Would you would you still go to work? Go back to school? Not work at all?

This concept is called a universal basic income.
Universal basic income is gaining momentum around the world and a growing number of countries are considering UBI as an alternative to welfare schemes.

A lot of countries have already started providing a fixed amount of money to its citizens to examine the effect.
Read 26 tweets
22 Aug
Here's a master thread of threads on all things tax and finance!

Everything you need to know in one place 🧵

Please retweet and share 🚀
1/ What is income tax? Why do you have to pay tax at all?

Income tax 101 for beginners

2/ Tax filing websites are excellent.. if you know what you are doing.

Here's 9 times you might want to avoid a tax filing website.

Read 25 tweets
5 Aug
Planning to move outside India?

Here's 4 things we tell all our clients who plan to move outside India

A thread 🧵
1. Can Recent Immigrant continue to hold Indian Assets?

All kind of assets in India such as properties, bank deposits, stocks and securities, life insurance policies, loans, company deposits, debentures, bonds etc. acquired, held or owned by an individual...
while he/she was in India can be continued to be so held and dealt in any manner even after the individual leaves India for permanent settlement.
Read 9 tweets
16 Jul
Let's continue:

THE LEGENDARY SECTION 44ADA - A MASTER THREAD.

Presumptive scheme of tax

Under the presumptive scheme of taxation, profits are presumed at 50% of the gross receipts.

#remotework #44ADA #presumptivetaxation

1/n
Eligible Assessees

Individual, HUF and Partnership resident in India.

2/n
Turnover Limit & Eligible professions

Professionals mentioned below, whose total gross receipts are less than INR 50 lakh in a year can avail benefit of the presumptive taxation scheme.

3/n
Read 17 tweets

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