Leaders creates more leaders !
Category: Ideas & Wisdom
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Financial Planning Wisdom In 87 Words !
Financial Planning is a journey and it is always nice to discuss the different ideas and experiences.
Cartoonist Scott Adams, whose Dilbert comic strip is a valuable educational tool that teaches what corporate life is really like, recently published a simple and straight forward book on Financial planning. It is called ‘Everything You Need to Know About Financial Planning’. The most interesting part is that the book is of 87 words. Yes – Only 87 words.
Here is the content of the book:
1. Make a will.
2. Pay off your credit cards.
3. Get term life insurance if you have a family to support.
4. Fund your 401(k) to the maximum.
5. Fund your IRA to the maximum.
6. Buy a house if you want to live in a house and you can afford it.
7. Put six months’ expenses in a money market fund.
8. Take whatever money is left over and invest 70% in a stock index fund and 30% in a bond fund through any discount broker and never touch it until retirement.
In Indian context, we use PF instead of IRA and 401K.
Valuable Advice indeed ! Clearly, less is more !
Source: WikiNewsTime
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FinTip – Top 3 Reasons To Buy IDFC Bonds
In this year’s annual budget, Finance Minister had introduced a new tax saving deduction – Sec CCF. It was INR 20,000 for investment made into special infrastructure bonds.
Now, Infrastructure Development Finance Co (IDFC) has launched these bonds. The issue opens for subscription on Thursday, September 30, and closes on Monday, October 18.
I recommend it. I am no Tax Guru. I have 000 Patents in Finance. But here is my reasoning:
1. The tax deduction is over and above your 1 lakh deduction under Sec 80C.
2. The rate of interest is in the range of 7.5 – 8%. But the real return on the bonds is much higher, it you consider the tax deduction.
3. Rating agency ICRA has given the IDFC bonds an LAAA rating, which is the highest rating that an infra bond can get.Though one can invest more than 20,000 in these bonds, one can claim tax deduction on a maximum of INR 20,000 only. But, Money saved is money earned. Another interesting reason to save !
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Gandhi & Leadership
Gandhi was an exceptional leader and his life throws many leadership examples. I had conducted one session on Gandhi & Leadership. On occasion of Gandhi Jayanti today, I am sharing the PPT with all. Check it out !
Favorite Gandhi Quotes:
1.
First, they ignore you
Then, they laugh at you
Then, they fight with you
Then you win!
So we are going to win
Thank you!Mahatma Gandhi
(In response to question: How are you going to take on the high and mighty?)2.
“We must be the change we want to see”
3.
Gandhi Once Said :
“I claim to be no more than an average man with below average capabilities. I have not the shadow of a doubt that any man or woman can achieve what I have if he or she would put forth the same effort and cultivate the same hope and faith. ”
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Michammi Dukkadam
Forgiveness is the mental, emotional and/or spiritual process of ceasing to feel resentment, indignation or anger against another person for a perceived offense, difference or mistake, or ceasing to demand punishment or restitution
I say, from the bottom of my heart, without any reservation, I forgive all living beings who may have caused me any pain and suffering either in this life or previous lives, and I beg for the forgiveness from all living beings, no matter how small or big to whom I may have caused pain and suffering in this life or previous lives, knowingly or unknowingly.
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Desire To Destiny !
Came Across A Wonderful Quote from Kathopanishad:
You are what your deep driving desire is
As is your desire, so is your will
As is your will, so is your act,
As is your act, so is your destiny !
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The FMCGization of Indian Mobile Handset Market
The Indian Mobile Handset Market is coming of age. There are more than 30 Indian Mobile Handset players. The Industry is going strong with impressive numbers and is now resembling the marketing favorite FMCG Industry.
Let us look at the few common features with FMCG Market:
1. Strong Global Players With Indian Challengers
Indian FMCG Market is a vibrant place with global players like Unilever and P&G. Global players have been successfully challenged by Indian companies like Nirma, Cavin Care, Marico, Ghadi etc.
Similarly, Global Companies like Nokia, Samsung, LG have been strong in India. In fact, Nokia enjoyed Maruti-like status in India. However, now it is challenged by Indian players like Karbonn, Maxx, Fly, Videocon, Micromax, Intex etc.
India is a very important market for Unilever as well as Nokia, P&G as well as Samsung.
2. Price Wars
The FMCG market has seen price wars and companies like Unilever launched Wheel to counter-attack Nirma. Similarly, Nokia, LG and Samsung have launched sub-2000 Rs phones to counter the various Indian brands.
3. Product Enhancements
Indian FMCG Players have used strong product features to differentiate themselves. Whether it is special packaging, different price points, product ingredients – FMCG players have been innovating and improving products.
Similarly, Indian players have innovations like Dual SIM, long battery hours to differentiate themselves apart from price advantage.
4. Distribution
In FMCG, Distribution is God ! Companies like HLL, Colgate, Cavin-Care have built a great distribution machinery. It is their biggest advantage. Similarly, Nokia and others have created a great distribution network and a strong sales team, which has resulted in nearly 2 million handsets being sold every month in India!
5. New & Improved !
FMCG Products excel in re-launches with minimal changes – The New & Improved. FMCG products play with different colors, size and ingredients.
Indian Mobile players are also playing with bold Indian colors, new sizes and aesthetic appeal.
6. Celebrity Advertisement
Indian FMCG Players have developed and promoted the concept of celebrity advertisements. In fact, Lux prides itself in promoting Indian beauties and every top celebrity is promoting multiple FMCG Products.
Videocon, Maxx India, Lemon etc have started using Indian Celebrities for differentiating themselves in the Indian advertisement scenario.
7. Counterfeit
The Global Players face the problem of product plagiarism in India. Whether is Vicks, Colgate or Parachute, there are several Indian versions.
iPhone and Blackberry handset designs are the most copied designs in India. There are many foreigns handsets which are openly sold with duplicate designs.
8. Product Flanking Strategy
Unilever, P&G started it and Nokia and Indian players are mastering it !