Showing posts with label Popular. Show all posts
Showing posts with label Popular. Show all posts

Vote Carefully - Your Vote Matters in Democracy



It is the season of the largest festival of democracy, the fever of elections has gripped the nation like never before. Social, print and electronic media is abuzz with news, surveys, opinions, debates, allegations, name calling, propaganda and you name it.

In a nation of 141 crore people, you may feel that your one vote hardly makes a difference. But the reality is different. The very concept of general elections in a democracy is to listen to the opinion of each and every citizen before electing a government. It is vital that we exercise this option after careful thought as the outcome is going to set the course of the country for next five years.

Ideally, it should be a pleasant task for the people in a democratic country to exercise their votes and elect the government that they consider most suitable for the task. This should lead to a healthy competition among the rivals to convince the voter that they are best suited. Any competition is expected to bring the best out of the contestants.

However, the reality today seems to be quite contrary to the above rosy picture. The level of politics was pretty low after constant erosion of values over the years. This led to the rise of a set of ‘new age leaders’ who came in with the promise of working differently to restore the confidence in leaders and government. However, a decade later, when these new leaders have tasted power, the political waters appear even murkier than before. This is apparent from the number of political leaders who have corruption and criminal cases against them, and some of them have even been arrested by investigating agencies. 

Worst of all, the level of political discourse has fallen to such dismal low levels that you no longer feel shocked even when top leaders like the PM and leaders of opposition party publicly call each others names like ‘chor’, 'corrupt', ‘jhootha’, etc. Even the past leaders who are no longer there to defend themselves are not being spared in this name calling, and their mistakes more than 50 years back are being discussed even by top leaders. If they were here to listen to what is being said about them today, they would have cried,
 “क्या इसी दिन और इन्ही लोगों के लिए हम ने आजादी की लड़ाई लड़ी थी?”

What is the way out of this mess? I get a feeling that the way politics is done in India has to improve, and the people who can lead this change are the elected leaders. We as voters can influence it by carefully choosing the right people to be sent to parliament and assemblies. I am not suggesting here that you vote for any particular party, but electing your local MP carefully irrespective of the party he belongs to. What criteria can we use  to elect a better MP? Let us not be influenced by religion, caste, party, reservation, or such considerations while casting our vote. Instead judge your MP on his potential to contribute towards cleaner politics.

As an example, here are six questions you can ask about your MP / MLA before you cast your vote. You can tailor this list of questions according to your own preference.

1. Does he learn everyday?
2. Does he listen?
3. Is he a team player?
4. Does he have sportsman’s spirit?
5. Does he act responsibly?
6. Does he think long term?



1. Does He Learn Everyday?
The people we elect hold the top positions in the country, hence it is a must that they have the sharp knowledge and skills needed for their role. They are our leaders, each one of them should come across as someone who we feel proud to vote for. On the contrary, most of the leaders consume themselves in low-level political bickering and rarely display the agility, knowledge, intelligence, and smartness expected from them. To realize the severity of the issue, try to come up with the names of current MPs and MLAs who inspire you.

The problem is that these leaders are violating the golden rule of regular learning and renewal. They do not take time to learn new things and update their knowledge and skills. This results in the erosion of their strengths over time. This is one practice that can bring in a huge positive change for the leaders. The handful of leaders who impress us are the ones who never stop learning and improving.

Before you vote for someone, look at him and ask this first question, “what has he learned and improved over the years?”. If the answer is negative, better drop him.

2. Does He Listen?
Can a doctor prescribe medicine without diagnosing the ailment first? How can you find solution of a problem without understanding it? Similarly, how can a leader function effectively without emphatically listening to people and understanding them? A leader can use strong communication skills to his advantage to relate better with the people, allies, opponents, followers, and media. However, it is more about listening and less about talking.

Today’s leaders seem to have forgotten the art of listening. All around you, you see leaders talking – large rallies, Radio and TV broadcast, ads in print and electronic media – all examples of one-way communication in which people have no opportunity of being heard. Our leaders seem to be conveying to us, don’t worry about what your problem is, trust us, we will make everything good even if we do not understand your issue.

Social media like Facebook and Twitter apparently allows common man to express himself, but it still leaves them unheard. All political parties have hired armies of on-line trolls who pounce on you with abuses if you utter a word against their leader. Your point gets lost in the din. If anyone dares to flag such intolerance, he is not spared either, even if he is a popular celebrity.

Listen to any debate on TV and you will know what I am talking about. Most leaders are ready to interrupt the speaker and make a counter-point even before they have understood the point made by their rival panellist. The show very soon degrades into a downward spiral of a shouting match. Listen to one such show, and you get a feeling, “how can I vote for such people?”

So, the second question to ask is, “Does he takes time to listen? Is he a good listener? Does his party convey an impression of listening to people? Is it tolerant towards different viewpoints?”

3. Is He a Team Player?
Teamwork plays a big role in everyday life, and it is even more crucial for our leaders. We elect MPs and MLAs and send them to Parliament and State Assemblies with the hope that these leaders will work as a team for our welfare and betterment. This has to be the common shared goal for all of them.

To be sure, the ruling party gets to take the decisions, and the opposition parties may have different viewpoint, but this should not come in the way of working together. The diverse views should not be a cause of conflict, but an opportunity to mutually arrive at a better outcome. Ruling party should not try to use brute force of majority to get their way, and the opposition should not resist just for the sake of it. Once all parties work with a mindset that they all need to work towards the good of country, this teamwork can become a reality.

What we see today is completely opposite to the above. Our elected leaders fail to have any meaningful discussion, the parties often work at cross-purposes, it is very rare to see any resolution being passed with consensus in parliament. Similar lack of teamwork is visible in center-state relationship. 

So, here is the third question to ask before you vote, “Is he a good team player? Has he worked well with others in the past?”

4. Does He Have Sportsman’s Spirit?
Politics these days is fiercely competitive battle which is fought in all bitterness. One can understand that every party wants to win the trophy – getting the majority and forming the government, and makes every possible effort to get there. If this competition is taken with a healthy spirit of sportsmanship, it can bring out the best in our leaders. It can help all players improve and lift the game to a new high.

On the contrary, we see our leaders maligning their opponents in a futile attempt to win the game. You see this win-lose spirit at play everywhere. Congress calling the PM chor, BJP calling the opposition liar. Ruling party claiming that nothing has been done by other parties, and opposition claiming that the government has been a failure. This mutual abuse has gradually eroded the credibility and respect of all the leaders.

We have an urgent need to reverse this trend and send only those people to positions of power who display a win-win attitude and respect their opponents.

Ask yourself before you vote, “Does he play like a sportsman? Does he take victory and defeat in his stride? Does ha believe in fair play with a win-win attitude?”

5. Does He Act Responsibly?
This is so basic, we all know that we need to take responsibility for what is happening to us and instead of blaming others, look at what we can do in the situation. The leaders we elect to the highest office, need to act responsibly at all times and take ownership. Do you see this happening in politics today? Our leaders do not want to take responsibility for anything that goes wrong, instead they will go to any extent to blame their opponents, their forefathers, or other countries for the mess we see today. The ruling party says that previous governments are responsible. State governments blame the interference by centre for their inaction. It is amusing when you hear the ruling party blame the opposition for their inability to construct the promised temple.

Let us make sure we send only those leaders to parliament who display a responsible attitude, irrespective of whether they are in the government or opposition.

Ask before you vote,” Is he a responsible person? Does he take ownership?”

6. Does He Think Long Term?
All leaders are expected to have strong vision of future and think long-term. The MPs we elect set the direction of the country, hence it is even more important for them to be guided by their vision and long-term strategy while deciding their tactical day to day actions.

When the leaders and governments think this way, a sense of continuity also follows even if there is a change of government. Aspect like foreign policy, economic policies, and development plans need to have some continuity in order to have achieve the intended long term objectives.

Instead, we see most action directed by short term criteria of winning the next elections. Loan waivers, reservation, and other such sops are examples of such thinking.

Why not elect the candidate who has a better vision. Ask yourself, “Does he think long-term? Does he convey a compelling vision?”
   
To summarize, I am suggesting that you choose your MP based on his potential to improve the political situation irrespective of his party.  While you may obviously be concerned to have a Stable Government to ensure development, and you may be tempted to vote for the candidate of the party that is most likely to win, it is equally important to look at your local candidate and elect the one who looks best to you. This will compel all parties to stop taking voters for granted and field strong candidates from every constituency.

Agreed this cannot be changed overnight, but we can make a beginning by electing only those leaders who display good potential. Once we have sent a critical mass of such people to parliament, the changes will start becoming visible.

This may cause a temporary instability and disruption at the center, but it would be a small price to pay for the fruit of improved and mature politics in the country.

2018 Elections - शायर की नज़र में

The political atmosphere in the country is becoming more and more toxic everyday with even highly respected leaders getting down to low-level verbal fights. We witnessed weeks of noisy cacophony of state elections this month. How do we bear all this noise? Political cartoons have been used as a powerful medium to interpret complex political issues in a lighter vein. I am experimenting here with the use of shayari for the same purpose. Here is a collection of verses on politics (जम्हूरियत) re-interpreted in the context of 2018 elections. Enjoy with the morning tea :)

Last month it was politics everywhere:

अब तो मयखाना भी सुकूं नही देता
जिक्र-ए-जम्हूरियत वहां भी होने लगा


It was a state election, but the whole nation witnessed an unprecedented and extremely ugly fight among parties and leaders:

करेंगे वो किसी से दोस्ती क्या, जो डरते हैं किसी की दुश्मनी से
यही मक़सद है क्या जम्हूरियत का, लडा दो आदमी को आदमी से                         (मधु भूषण)


The performance of central government was in focus throughout. This is what the opposition claimed about ruling party's five years:

चराग कल भी थे रौशन, मगर उज़ाला था,
चराग आज भी हैं रौशन, मगर अंधेरा है।  - एज़ाज़ सिद्दकी


Ruling party kept ignoring Rahul for a long time, but finally its leadership had to face the challenge head-on. I have been using the second line of this sher for a long time, it aptly describes the Modi - Rahul contest:

चाहत का मज़ा है कि वो भी हो बेकरार,
दोनो तरफ हो आग, बराबर लगी हुई।    - ज़हीर देहलवी


The best part was that people woke up and turned up to vote in big numbers. This is a sign of a healthy democracy:

कब तक़ जम्हूरियत के दलालो के आगे रोओगे
देश भक्तों जागो अरे कब तक़ तुम सोओगे          (मिलन कुमार)


Irrespective of his status, everyone got to cast only one vote:

जम्हूरियत वो तर्ज़-ए-हूकूमत है के जिसमें
बन्दौ को गिना जाता है तौला नही जाता 

Congress after winning three states back:

देखा है फिर एक बार वोटर की आँखों मे प्यार
अबकी बार कांग्रेस सरकार


Ruling Party after the first major election loss in recent years, particularly Chattisgarh:

आज उतनी भी मयस्सर नही मयखाने मे
जितनी हम छोड दिया करते थे पैमाने मे

Shivraj Chouhan appeared very hurt in his post results press conference, possibly as he is being blamed for the defeat.

चराग बन के ज़ला जिसके वास्ते इक उम्र,
चला गया वो हवा के सुपुर्द करके मुझे।   - ज़माल एहसानी

After the setback, a natural question is why blame it on Modi ji? It was a state election in which local issues should be more relevant. Why is it being used to amplify each and every mistake of government at the center? The answer lies in this sher:

चुकानी पडती है कीमत सफेदपोशी की,
किसी का ऎब यहाँ पर छुपा नही करता।  - रईस सिद्दीकी


Other small parties - BSP, AAP fought the elections with a lot of hope, but could not score much, their take after election loss:

रात का जुगनू कितनी रोशनी लुटायेगा
प्यास समंदर की हो तो क्या क़तरा बुझा पायेगा

The bitter political argument on TV channels, Facebook, Twitter, Whatsapp continues even after the results, enough of it for me. My take on this:

चार दिन की है ये दुनिया, तो ज़रूरी है मियां,
एक इंसान से इंसान, ठिकाने से मिले।   - कैफ भोपाली

An Inspiring Life

We all have two lives, and the second begins when we realize we only have one. – Confucius



Each one of us is gifted with many talents – Some of us have a flair for writing, some are good as a musician or singer, some enjoy dancing, some are natural painters, poets or actors, and there are many more. Very often, what we do for a living is completely different, and our special talents remain hidden inside us. We should discover our special talent and nurture it, as this can really give us a deep sense of satisfaction and inner happiness. I know you are thinking, “You don’t know my situation. I already have a challenge coping with my stressful job, and it is so hard to devote the required time to family and friends. Where do I find the time to nurture my talent? I have only 24 hours in a day”

I understand the stress and challenges of modern living, and that’s why I am going to use this post to introduce an inspiring person and a wonderful human being, whom I am just beginning to know. I am talking about Dr. (Prof. ) Santanu Chaudhuri, an eminent cancer specialist of national and international repute, who is the Chairman, Centre of excellence for Oncology at Nayati Healthcare, Mathura.

Right from a young age, Dr Santanu had an amazing talent for singing and writing, but since he chose medicine as his career, his attention got fully focused on his area of specialization – Oncology that deals with treatment of Cancer. I can write pages and pages about his accomplishment as a doctor, here are some examples of his outstanding work:
  • Worked in senior positions in many reputed hospitals such as United Hospital Dhaka, Tata Memorial Hospital Mumbai, Regional Cancer Hospital Nagpur,
  • Founded Snehaanchal Palliative Care Centre in Nagpur, the only hospice for terminally ill cancer patients in Central India.
  • Has several National and International publications and written chapters in books related to Cancer Research.
  • His contribution to Cancer research has been recognized with many National and International awards including Mahatma Gandhi Peace Award, Atish Dipankar Gold Medal and Mother Teressa Award. Has been honored with several fellowships from U. K, Europe, Asia Pacific, Australia and U. S. A.
  • Steering Committee Member and Principal investigator of different projects of DAE, ICCN, WHO and ICMR. Has been the Vice President of Association of Radiation Oncologists of India.

It is obvious that Dr Santanu has an outstanding track record of research and medical practice, and is a well recognized expert in medical fraternity. We know that a doctor’s life is very demanding, and you can imagine the hard work he must have put to attain such great heights in his profession.

Still, in the midst of his hectic schedule at work, Dr Santanu manages to find a few moments every now and then to nurture his passion for music. He has taken pains to learn classical music, and spends time doing riyaz (music practice) whenever he can. The pursuit of music provides him such a sense of fulfillment that is hard to describe in words. He has taken his love for singing to a level that he has produced a few albums, and has also shared his recordings on Youtube. Before you go further, just listen to him singing a Jagjeet Singh Ghazal in this video below. It was appreciated by none other that the legendary singer Jagjit Singh himself in a function at Nagpur! No doubt this is an achievement which may be the dream for any singer.




The story is not yet over. Remember I told you that Dr Santanu is a good writer? He manages to nurture his passion for writing as well. He has recently written a book titled “The Fourth Sun Sign”, which has been published by Bloomsbury publishers. This book is a collection of real-life human stories about his experiences as a Cancer specialist.

I read this book with a keen interest – it is a unique book of its kind that manages to remove the feeling of dread in people’s mind about this disease – and can be a very inspirational material for anyone who reads it. Also, the book also gives you a close insight in Santanu’s life as he brings it out in bits and pieces in the stories. Funds collected by the sale of this book are utilized for the benefit of poor cancer patients. He is so passionate about it that he personally told me the following about this book:

“At last one of my numerous dreams got to see the light. This book is a collection of true stories of cancer patients  who proved themselves as heroes in my life. It deals with life, happiness, expectations and   psycho-spiritual interactions of my heroes, the cancer victors, to whom this book is dedicated to.”

Now, here is a doctor with extremely busy schedule, who knows the importance of following his dreams. It is really inspiring to see that he not only manages to devote time to be a singer, and writer, but he excels at them; a perfect example of the following age old wisdom:

If it is worth doing, it is worth doing well.

Are you and me more occupied than him? How does he find time to do all this, while we struggle with a perpetual lack of time? What is his secret? Is it one of the following? I do not know, but I am very eager to meet him to find the answer.

  • When you really want to do something, you can find time to do it. Time is not a real constraint.
  • Is it due to his self-discipline, that helps him cut time wasters from his life?
  • Is this his quest to find real meaning in life?

Whenever I think of Dr Santanu, I get inspired with the following message in my head:

Life is for living, not just merely existing. When you can seize your potential and truly feel as if you are doing your best in this life, you are living. So, give up all your excuses, escape your comfort zone, and do more in life. 

Create the life you want.



If you want to know more about Dr Santanu Chaudhary, please visit the following links, and If you are interested in supporting his cause of poor Cancer patients, you can help by purchasing his book.


An Inspiring Poem About Missed Opportunities - Karvan Guzar Gaya



I am a big fan of the legendary Hindi poet Gopaldas 'Neeraj', and I have been fortunate enough to hear him recite his poems in a kavi sammelan. Particularly, I love his poem, "Karvan Guzar Gaya Gubar Dekhte Rahe", which has also been sung as a song by Md Rafi for 1965 film Nai Umar Ki Nai Fasal. Before proceeding further, listen to the song in the video below, and you would agree that it is not just a normal song, but a beautifully crafted poem in which each word has been selected very carefully.

 

Whenever I read and hear this poem, it inspires me and charges me up. You may wonder that how can a poem about disappointments of life be inspiring? Let me answer this with my interpretation of the words of this immortal poem. The meaning of the poem is easily understood, so I will not try to give the literal meaning or translation of the poem.  I do not know if this is an accurate interpretation, but it is one that inspires me. Whenever I hear this poem, I get the following messages:
  1. Realize your dreams before opportunity slips away
  2. Life is short, do something now 
  3. Change is inevitable, embrace it
  4. Fulfill your mission in life
  5. Act when the going is good

1. Realize your dreams before opportunity slips away

स्वप्न झरे फूल से,
मीत चुभे शूल से,
लुट गये सिंगार सभी बाग़ के बबूल से,
और हम खड़े-खड़े बहार देखते रहे
कारवां गुज़र गया, गुबार देखते रहे!

This is the overarching message of this poem. The line कारवां गुज़र गया, गुबार देखते रहे.. brings out the feelings of regret about lost opportunities very expressively. It stresses the need to take positive action to realize our dreams, before the opportunity slips away. Swami Vivekananda said, "Awake! Arise!! and stop not till the goal is reached." The poem is a poetic expression of what happens when we do not take right action in time.

2. Life is short, do something now 

नींद भी खुली न थी कि हाय धूप ढल गई,
पाँव जब तलक उठे कि ज़िन्दगी फिसल गई,
पात-पात झर गये कि शाख़-शाख़ जल गई,
चाह तो निकल सकी न, पर उमर निकल गई,

गीत अश्क़ बन गए,
स्वप्न हो दफ़न गए,
साथ के सभी दिऐ धुआँ-धुआँ पहन गये,

और हम झुके-झुके,
मोड़ पर रुके-रुके
उम्र के चढ़ाव का उतार देखते रहे
कारवां गुज़र गया, गुबार देखते रहे।

Very often we keep waiting for the right opportunity to act. To me, these lines highlight that even being alive is an opportunity that we should not underestimate. At the fag end of life, we regret about the things that we could have done. A common reason for it is that we continue to 'sleep' through life, and by the time we wake up, it is too late. Life is too short to wait for anything. These lines are wake up call to come out of our 'sleep' and do something now.

3. Change is inevitable, embrace it

क्या शबाब था कि फूल-फूल प्यार कर उठा,
क्या कमाल था कि देख आइना सिहर उठा
इस तरफ जमीन और आसमां उधर उठा,
थाम कर जिगर उठा कि जो मिला नज़र उठा,

एक दिन मगर यहाँ,
ऐसी कुछ हवा चली,
लुट गयी कली-कली कि घुट गयी गली-गली,

और हम लुटे-लुटे,
वक्त से पिटे-पिटे,
साँस की शराब का खुमार देखते रहे
कारवां गुज़र गया, गुबार देखते रहे।

Change is a harsh reality of life. Nothing is permanent. We may have youth, good looks, health and wealth today, but all of this may be lost tomorrow. In a sense, we should view each of these as opportunities that we should not let go waste; and to deal with changes in life, we need to stay mentally prepared to embrace changes quickly all the time.
Want to explore more on this topic? Read the book "Who Moved My Cheese" for more detailed coverage.

4. Fulfill your mission in life

हाथ थे मिले कि जुल्फ चाँद की सँवार दूँ,
होंठ थे खुले कि हर बहार को पुकार दूँ,
दर्द था दिया गया कि हर दुखी को प्यार दूँ,
और साँस यूँ कि स्वर्ग भूमी पर उतार दूँ,

हो सका न कुछ मगर,
शाम बन गई सहर,
वह उठी लहर कि दह गये किले बिखर-बिखर,

और हम डरे-डरे,
नीर नयन में भरे,
ओढ़कर कफ़न, पड़े मज़ार देखते रहे
कारवां गुज़र गया, गुबार देखते रहे!

These lines remind me about the ultimate purpose or mission of life. We are born to help others, spread happiness, and make the world a better place to live. If we keep this mission firmly in mind, we will find time to work on it, and this in turn will give us an unbounded internal happiness. The poem brings out the sad emotions of emptiness that result from an unfulfilled mission.

5. Act when the going is good

माँग भर चली कि एक, जब नई-नई किरन,
ढोलकें धुमुक उठीं, ठुमक उठे चरण-चरण,
शोर मच गया कि लो चली दुल्हन, चली दुल्हन,
गाँव सब उमड़ पड़ा, बहक उठे नयन-नयन,

पर तभी ज़हर भरी,
ग़ाज एक वह गिरी,
पुंछ गया सिंदूर तार-तार हुई चूनरी,

और हम अजान से,
दूर के मकान से,
पालकी लिये हुए कहार देखते रहे।
कारवां गुज़र गया, गुबार देखते रहे। 

These lines portray the uncertainties and the ephemeral nature of life very beautifully. We do not know when a calamity or disaster can strike and change the course of life or even end it. 
Hence, let us act now when the going is good.

To conclude, this beautifully worded poem contains a very inspirational message of action if taken in the right spirit.

Be in Your Own Time Zone

Kenya is two hours ahead of Nigeria, but it does not mean that Nigeria is slow, or that Kenya is fast; Both countries are working according to their own 'Time Zone'.

This concept is applicable to different aspects of every day life. Someone is still single. Someone got married and 'waited' ten years before having a child; there is another one who had a baby within a year of marriage.

Someone graduated at the age of 22 years, and then took five years for securing a good job; and there is another who graduated at 27 and secured employment immediately!

Someone became a CEO at 25 and died at 60, while another became a CEO at 50 and lived to 90 years.

Everyone works according to his or her 'Time Zone'. People can have things worked out only according to their pace. So, work in your 'Time Zone' and do not compare with others.

Your colleagues, friends, younger ones might seem to get ahead of you; some might seem behind you. Don't envy them or mock them, they are in their 'Time Zone'. You are in yours!

Hold on, be strong, and stay true to yourself. All things shall work together for your good.

You are not late... you're very much on time.

My Inspiration - Dr A P J Abdul Kalam



Remembering you fondly Dr A P J Abdul Kalam on the occasion of your birth anniversary. It is hard to believe that you are no more among us. You have been and will always be a huge source of inspiration for me. I consider myself fortunate that I got an opportunity to meet you in person when you were leading India's missile program.

Just today I was watching your interview on TV – every word that you spoke was so full of positive thoughts and vision for a bright future for our country that I found the enthusiasm to be rubbing on me as well. You were such a source of positive energy that I felt charged and inspired while watching you on TV.

Your life and writings will continue to inspire us in the years to come. Here is a collection of inspiring quotes from you:
  1. You have to dream before your dreams can come true. 
  2. Dream is not that which you see while sleeping it is something that does not let you sleep.
  3. Don't take rest after your first victory because if you fail in second, more lips are waiting to say that your first victory was just luck.
  4. This is my belief that through difficulties and problems God gives us the opportunity to grow. So when your hopes and dreams and goals are dashed, search among the wreckage, you may find a golden opportunity hidden in the ruins.
  5. Why be afraid of difficulties, sufferings and problems? When troubles come, try to understand the relevance of your sufferings. Adversity always presents opportunities for introspection.
  6. God has not promised skies always blue, flower-strewn pathways All our life through; God has not promised Sun without rain, joy without sorrow, peace without pain.
  7. Failure will never overtake me if my definition to succeed is strong enough.
  8. Be active! Take on responsibility! Work for the things you believe in. If you do not, you are surrendering your fate to others.
  9. Once your mind stretches to a new level it never goes back to its original dimension.
  10. The sides of the mountain sustain life, not the peak. This is where things grow, experience is gained, and technologies are mastered. The importance of the peak lies only in the fact that it defines the sides.
  11. If you want to leave your footprints on the sands of time, do not drag your feet.
  12. He who knows others is learned, but the wise one is the one who knows himself. Learning without wisdom is of no use.
  13. Within the mind are all the resources required for successful living. Ideas are present in the consciousness, which when released and given scope to grow and take shape, can lead to successful events.
  14. My message, especially to young people is to have courage to think differently, courage to invent, to travel the unexplored path, courage to discover the impossible and to conquer the problems and succeed. These are great qualities that they must work towards. This is my message to the young people.

Tips & Tricks for Managing your Money

So, you are enjoying your first dream job and the financial independence that comes with it. You have the regular inflow of money, but are not sure how to manage it. At times you fall short of cash by mid-month and at other times you have surplus cash left and wonder what to do with it. You are aware that you need to do some financial planning but you find the idea too drab and boring. Don’t worry, you are not alone. Most people at your age do not want to spend their energy on money management as they believe it is too complex to handle. I know it because I was like that myself and it took me many years to discover that it can be fun to manage money . In this post I am sharing some interesting tips and tricks that worked for me. I wish someone would have given me this material when I was young.

Why should you go through the trouble of managing your money? The answer is simple. Right now you work hard for money, but if you manage your money well, in due course of time you can make your money work hard for you and you can afford to relax a bit.

Managing your money is simple. You need to remember just two basic mantras:
  • Handle expense fluctuations and generate some savings
  • Multiply your savings by investing it
Once you are familiar with basic rules, you can do financial planning for your future needs but let us leave it out for this discussion.

Handle expense fluctuations and generate some savings

The expenses fluctuate from month to month. Ideally, you want to have the money to spend when needed, and ensure that some savings are generated in the longer term. Here are some ideas to do it.

1. Get a Credit Card
A credit card is the easiest way to handle fluctuating expenses . It gives you the convenience of spending when needed without worrying about your available cash balance. So you should get a credit card and it is easy to get one. However avoid the pitfall of debt trap by clearing your total credit card bill every month. Though you can get by paying as little as 5% of the total outstanding, it is better not to use this credit facility for the following reasons:
  • If you keep using the credit facility, you will end up spending more than your earnings.
  • When you make a partial payment, you pay interest on your fresh purchases of next month as well. Over time, most of your payment goes towards paying interest, and you find yourself in a never ending debt trap.

2. Keep an account
Keep an account of your expenses and income. As you do it for a few months, use this information to find out how much money you need for your expenses on the average. It will also tell you what are essential expenses that have to be incurred such as rent, food, commute etc, and non-essential expenses that can be cut down if required.

3. Create Contingency Fund
Set aside some amount in a bank account to handle the peak expenses. This is your contingency fund. Decide the amount you need for this purpose and do not touch it in normal course. You may ask, “Why do I need such a fund if I have a credit card?” There are multiple reasons – it may be needed if you have to pay at a place where credit card is not accepted, or you may need it to pay a high credit card bill.

4. Spend Less than Your Income
Once you have worked out your average monthly expenses, ensure that they are less than your monthly income so that you can generate some savings over time. If you find that your expenses are so high that you cannot save anything, try to increase your earnings. How?  Ask for a raise from your boss or change the job. If you cannot increase your earnings, work on cutting down expenditure by eliminating or postponing unnecessary expenses. Your target should be to save at least 20% of your earnings.
This is important as even the smallest savings done regularly can help you create sizeable wealth to meet your future requirements. For example even if you save just 100 Rs a day, you can become a millionaire (Rs) in 13 years and a crorepati in 30 years. (With 13% ROI). So, the earlier you start saving the better.

Multiply your savings by investing it

You may have two obvious questions – Why should I invest and how should I invest? Here are some answers.

Why Should I Invest?

You have saved money, but why should you take the pains of investing it? You may be tempted to let it idle and keep it safe. There are two reasons why you need to invest – idle money is not safe, and investment gives us the benefit of compounding.

1. Idle Money is not safe

Unfortunately, rising prices due to inflation keeps eroding the buying power of your money every year. With a 9% rate of inflation, your one lakh rupees today can buy only goods worth Rs 91000 next year. So, it’s real value goes down every year and after twenty years, it will be worth just Rs 17000! And you thought your idle money was safe? So, you should invest your money and grow it at a rate higher than the rate of inflation – this is the only way to protect your savings.

2. Magical Power of Compounding

Albert Einstein said, "Compound interest is the eighth wonder of the world. He who understands it, earns it.. he who doesn't.. pays it.”
When you invest your money, it generates some returns and the money grows. Further returns are earned on this increased amount. Very often we ignore the fact that this compounding is the most powerful factor that can multiply our money dramatically. Here is an interesting story told by investment guru A N Shanbagh to illustrate the power of compounding.

A king was defeated in chess by his minister. When the king asked the minister to name a reward, the minister said, “Please give me one rupee for the first square of the chess board, two for the second, four for the third, and so on for all the 64 squares on the chess board”. The king was amused by the modest demand from the minister and readily agreed to meet it. Can you guess the total amount the minister got as the reward? By the time the king finished the first row, he had paid Rs 511, after 4 rows the amount went up to 8 billion rupees. The total reward amount added up to a massive 36 billion billion rupees!! Unbelievable? Such is the power of compounding.

How Should I Invest?

There are so many options of investing your money that it may get confusing. How to evaluate these options and how to choose where to invest your money? Here are some ideas.

1. Learn the Ropes Yourself
The most important aspect of managing your money is to learn the basics of investing yourself. Make sure you understand the investment before making it. Take time to learn about different possible options for investments, their return and risk, liquidity and tax implications.

While it will need time to build up this knowledge, let me share a simple trick that you can use quickly to evaluate any investment option. It is called ROI (return on investment) calculation and involves following steps:
  • Compute the total returns from the scheme and compare it with the maturity value of a simple fixed deposit of same duration.
  • Determine the interest rate at which the maturity amount of FD matches the total returns from this scheme.
  • This interest rate is the ROI for this scheme.
ROI is an interesting method you can use to evaluate a scheme before you invest into it. You will see some examples of how to compute ROI in the next section.

2. Discover Public Provident Fund
Public Provident Fund (PPF) is a 15 year scheme that offers 8.5% tax-free interest and tax exemption under 80C. At first you may be tempted to discard it due to long lock-in period and low rate of interest. Let us compute the ROI of PPF taking into account the fact that its interest is free from tax. Take a look at the table below – on the left side it shows a PPF account in which Rs 50000 are deposited every year, and on the right side a fixed deposit with 12% interest in which the same amount is invested. After first year, the PPF earns Rs 4250 interest. The fixed deposit earns Rs 6071 interest. Since this interest is taxable (assume 30% tax), Rs 1821 is paid out of it as tax. Hence the net interest after tax is Rs 4250. It is clear from this table that a taxable fixed deposit needs to have an interest rate of 12% to match the total returns of PPF. Hence ROI of PPF with tax free interest is 12%.


If you look carefully at the interest column on the right side, you will notice that from 8th year, you start earning more from interest than your deposit and the interest income keeps rising every year. This is what I meant by making your money work hard for you.

The picture may change further if we consider another tax benefit of PPF - the amount deposited in it is exempted from income tax under section 80C. How can we factor this exemption in our calculation? Take a look at the table below. Let us say you have Rs 50000 available from your income every year to invest. If you put this money in PPF, you get tax exemption under 80C, which allows you to put the entire amount in PPF. In case of fixed deposit, this rebate is not available, so you need to pay tax on this income (15000 at 30%), after which you have Rs 35000 left for investing. So, the fixed deposit will need an interest rate of 19% now to match PPF, hence the ROI of PPF is 19% if we take both 80C tax rebate and tax free interest into account. Very few investment options can match this ROI.

It is obvious from this analysis that PPF is a good starting point for your investments. If you have not opened a PPF account so far, do it now. It offers you the highest returns with safety till you have taken advantage of section 80C fully, and you have the flexibility to vary your contribution every year.

As you discover the benefits of PPF, realize that you do not have to resent the monthly deductions made from your salary by your employer for Employee Provident Fund (EPF). EPF offers the same benefits with an extra advantage that your employer puts in a matching contribution from his side. EPF is meant to create a fund for your old age, and you should treat it as such. Avoid the temptation to withdraw from this fund as far as possible, and you will be amazed to see it build up over the years. 

3. Do not be afraid of Stock Markets
It is an accepted fact that equity (stocks) offers best returns in the long term that can effectively help you beat inflation. However, the higher gains come with the risk of market fluctuations. Here are some ways by which you can take benefit of the higher returns provided by stocks without losing your money.    
  • Avoid taking unnecessary risks. If there are funds that you need for some expenses in the next one year, do not put them in the market. Use only the money that you can save for a three to five year horizon. You can apply the same rule to decide when to take out an investment from the market. 
  • Expect the unexpected ups and downs in the market and do not panic with market fluctuations. Remember what is important is the long term returns.
  • Do not try to time the stock market. You have no way of predicting if the market will go up or down. Most experts advise using systematic investment plans (SIP) in which you put in some money into the market every month. This saves you from timing the market and gives you  benefit of cost averaging. As you build a portfolio over time, you will find it is less sensitive to market fluctuations.
  • Use Mutual Fund route and let experts manage the stock portfolio and trading for you.
  • If the 15 year maturity period of PPF puts you off, you can go for Equity Linked Saving Scheme (ELSS) mutual funds, that offer you the same advantages - tax saving and tax free returns with just 3 years lock-in period and potentially higher returns. However, to mitigate the associated risk factor, make sure to use SIP instead of a lumpsum investment, and stay invested for at least 5 years.
  • If you are too scared of mutual funds as well, explore Unit Linked Insurance Plans (ULIP). Though they have lower returns than MFs due to various charges, these are good vehicle to start investing. They have decent returns and help you form the habit of systematic investment.

4. Diversify your Investments
There is no single ideal investment. In the long run, you should aim to have a diverse portfolio that does not depend on one type of instrument only. Put some amount in bank account and Fixed Deposits where it is easily available. Have a PPF account to grow your savings for the middle age. Include equity mutual funds and debt mutual funds in the portfolio and ULIPs if you feel like. Invest in property when you are ready.

This was an extra-long post and I managed to touch just the tips of the topic so far. My intent was not to give all the details that you can find yourself on internet, but to give you an overview to get started. I would consider this effort worthwhile If reading this post made you see the fun part of money management and got you interested in trying it out.


More About the Topic
  • If you like the idea of taking advantage of tax saving ability of PPF, you may also want to check out Superannuation account which has similar features to PPF. If your company offers this benefit, do opt for it, since it allows you to increase your tax free income by another one lakh rupees every year.
  • Stock markets and Mutual funds could get just a brief coverage in this post. I wrote a separate post to this topic later. Read follow up post about Stock Markets - A Lesson from the River.
  • Read this beautiful story by Uma Shashikant that illustrates how a driver used his modest savings to create a fund for retirement needs. - Each one of us can save