If Squanto never offered the pilgrims, coming from the other side of the world, a place to stay and food to eat, then thanksgiving day would not have taken the form as it is today….
It was a long difficult time of suffering, and a brief history of charity and love, that made the foundation of thanksgiving. If you don’t know who’s Squanto, then let me tell you, ‘he was the dude, back then’.
When the english pilgrims stepped down from the merchant ship Mayflower on Cape Cod, they were welcomed by heavy snow, draught, unfavorable conditions, and other threats from nature.
That’s exactly when Squanto appeared. A tribal man from the jungle, had feathers on his head, and spoke broken English.
He offered the dying and weathered englishmen shelter, and food.
Squanto taught them how to plant crops and how to beat the harsh weather conditions of the Atlantic.
So, now it was time for the englishmen to pay thanks and show gratitude to Squanto and his native american tribe.
It was then, that the first thanksgiving season was observed, where food, fresh harvests, and other household objects were exchanged among the people of the native tribe and the pilgrims.
Then after 2 centuries, our former president Mr. Abraham Lincoln officially declared a special day that is to be considered a holiday and should be marked as thanksgiving day.
Since then we have been celebrating thanksgiving each year, where we invite our family members and friends, and have big feasts and get-togethers.
But are all of us actually celebrating this festivity the way it’s meant to be done? Guess not. Thanksgiving itself means to show gratitude and give thanks, which many of us don’t follow.
In this blog post however, it is a question of finances.
I believe, this thanksgiving it’s time for us to offer gratitude with an act of charity so as to respect our financial independence, and say thanks to the Almighty, who makes it possible for us to earn and live!
What should you do on thanksgiving?
A little charity is what I am asking you to do. Nothing more.
As you receive your paycheck for this month, try to scrap out a little percentage (say 5% or 10% – even 1 dollar will do), and donate it to some charity foundation or association.
There are numerous charity organizations in our country that you can donate to.
Even your local church will pull out the job too. Just go ahead and do the charity. Offer your thanks for the financial happiness you are experiencing in the present time!
Trust me, your thanksgiving will be the most blessed one, and can’t get more better if you do some charity!
But that’s not all. Charity is one part. Do you know how charity influences better finances?
I recently went through a few blogs and articles on psychology and finances. They are defining charity and donations at a different level.
It’s said that when you give away a portion of your money for moral investment, it brings in happiness and influences you to have more wealth, so that you can receive more happiness like this in the future by donating more money.
Charity is an investment. Not something that will give you good returns in terms of money. But it ensures that you are sharing your wealth for worldly reasons.
Obviously you can ignore this belief, but remember that charity will surely force you to have more income, and will give you a strong reason to sustain your existence.
Life is short mate. You are born today, and you die tomorrow, before you even know it.
Hence do something, for which you will never leave any regret behind, when you are gone.
Have a wonderful and happy thanksgiving.
Imparting education and knowledge is probably the most respected objective of our human civilization. This is where we humans tend to be different from other animals.
Our scope of ‘knowledge’, ‘education’ and ‘understanding’ is probably the widest when compared to other animals, species, or objects in this world! We know how to pass down knowledge from one generation to the other, in its exact sense!
But as time progresses, we seem to be losing the real meaning of education, and we have started to take everything for granted!
Why am i saying this you might ask, when nearly every single child can afford education these days!
Education according to the most ethical definition is understanding and knowing this world! How this world functions, and what is our purpose on Earth!
But, dices are now rolled on some other side, and education has become a monetary base, where teachers are no more educators, and all that most of the students understand, is they need a job and a good salary to survive!
Wonder, how many of them know, why they are born, and why they should survive!
In this blog post we will cover two biggest impact of modern education on this society and the students in general.
These are student loan debt and depression!
The current student loan debt scenario:
Real education is definitely costly. If a student aims to teach himself about the world on his own, then it is very expensive and time taking! Here by expensive I not only mean in terms of money.
One cannot easily make life the sole tutor and sail on the sea of knowledge!
If you become a student of life, then philosophically speaking, you will be walking down a tough road!
And, i can’t explain it to you, what roads you will take up on your quest of knowledge!
That’s the reason why our society has put up well functioning schools and universities to give people education at an affordable cost! The first such well known school was of Plato’s in Athens, known as ‘The Academy’!
But we humans have changed the meaning over time, and currently our education system is run by monarch sophists, who only understand money!
The present student loan debt in USA stands at a hefty $1.53 trillion as of second quarter of 2018.
I mean seriously??
Wonderful, how we have reduced the cost of education!!
This huge amount of debt is making the parents fall financially sick! They are getting burdened due to their children’s debts!
Families are getting destroyed because of this huge indebtedness. And, guess what, student loans are probably the toughest form of debt to escape!
A mortgage, you can give back your house as a collateral. Same with an auto loan! But student loans? No way man, they have no collaterals attached!
Either you can go for loan forgiveness, or run behind consolidation companies, if you are unable to pay off your student loan debt!
Whatever, it’s time when we must believe, that schools and universities should realize the fact, that they are charging huge amounts of money in the name of education! And they must stop doing so for a better upliftment of education in the society!
Depression rate among students are increasing:
What is childhood made up of? I can’t think or rather don’t want to think of anything except happiness!
But by going to schools, that’s the only thing students are not getting! They are pressurized to become ants, carrying the burden of forced knowledge, to finally become intelligent morons.
They start to believe that grades are the only thing that matters, and degree is the only thing that they must hold onto! Nobody teaches them about how to be loyal to their parents, or that we humans are also vulnerable like any other object, or no one except the almighty (if you believe in it), can save us when death calls!
So ultimately they come out as lemonade corked in a wine bottle!
But in the middle of it all, students are getting depressed due to the modern education system! They feel like they are tempted to compete among their peer groups for grades! What if they don’t score good in exams? What if they can’t get into a world class college??
Their lives have become full of ‘what ifs’, and what do we have as the end result? Family chaos, students committing suicide, parents bashing kids,… and so on!
I have very well accepted the fact, that everything’s happening because it’s meant to happen! And, that time is God!
But ultimately, can’t we just not teach our children about life and ethics, instead of making them envious of someone else’s happiness?
We are humans, and it is our duty to make our kids understand what real human smells like! Even a bison can fight, and a lion can kill, but it is only human who understands consequences!
It is the age-long truth that we all came empty-handed and we all will go empty-handed. What matters the most is what lies in between!
We are all meant to live in joy and happiness. That what makes us feel good! Makes us content!
Satisfaction, pleasure, happiness, is what we all search and thrive for! Our times are limited. It is now or never. Everything’s ‘happening’, not ‘happened’ neither ‘will happen’. So, live the present in complete harmony.
But there’s something weird in the middle of everything! People believe in possession instead of sharing!
Hence I came up with this topic that will try to explore what makes wealth so important – that we gotta fight hard to build it, while in the end we will possess nothing and say goodbye!
Why do we need money?
We can completely survive without money. But what will then value the hard work we do. The work that gives some productive output while utilizing the costliest of everything, ‘Time’!
We all need something in return! This world is a complete give and take! Hence to unify everything, we need money!
And everything’s worth a certain amount of money! Money has the purchasing power!
Hence money can technically buy anything that’s not an emotion and that lies under human jurisdiction!
We need a house to live, food to eat, water to drink, electricity to bring lights to nights, and so on!
We are all working for each other. Some plow the field, some sew clothes, someone’s supervising the turbines so that we never run out of electricity, and the list goes on and on.
So monetary wealth is important!
As you can very well see, if you are not a productive member of the society, you can never understand the worth of money.
Only those who have done something productive, have valued money!
Don’t expect to get your pair of jeans for free, the daily bread for free, or rather anything for free.
Do the hard work, walk the tough road, get paid, and buy what you want and desire!
So why build wealth when in the end you are dead and can’t have anything?
Because unless you have a pleasurable life, you won’t have a pleasurable death! A wise friend of mine said it’s better to die in a golden bed rather beside a sewage!
We want satisfaction and happiness. If we can’t claim anything on this earth as ours, then our reason to live is nil!
Hence don’t get carried away by this fact that “there’s no need for anything, as, in the end, it doesn’t really matter.”
Well, in the end probably it won’t matter, but as of now, it does matter!!
Your tools to build wealth?
Consider ample savings. Claim as much money as you can and make it rightfully yours. But obviously not via evil means.
Savings and investments are what you should do. If needed, switch to a better job that pays you well and that offers growth!
Have more income to experiment with more money! Your aim should be to build wealth that can compensate your daily needs, even if the market hits high rates of inflation, and you have no source of income!
Take seriously your retirement savings and always pay attention to what inflation can do to your money!
So, build wealth to live for the present and not for the future!
Build wealth even if in the end it doesn’t really matter!
When does an object increases in value, and when does it lose its price?! Is it easy to answer? Yes, it is!
Let’s get this clear. Anything that’s got a huge availability, or one that’s easy to found, doesn’t cost much. Anything that’s rare is costly.
Compare some random objects like Iron and Gold, Pebbles and Coals, Lions and Dogs, Chickens and Lambs, and so on.
Supply and availability is the very general idea that determines an object’s worth.
You can pretty well say that if pollution level keeps on rising the way it is right now, then probably after a few centuries, oxygen and water will become the costliest substances on this Earth. Pheewww!!!
That’s too much to take in, is it?
Here’s the answer; “Inflation” is not something that happens due to an external force. It’s us, the humans, who created currencies, divided lands, assigned values to objects, and hence suffer imbalances in what this world can offer! This imbalance between supply/availability, and demand/necessity is what we may call inflation.
As per economical terms, inflation is the rise of prices of any object, good, or commodity. Deflation, on the other hand, is just the opposite!
If by any chance next year, the farmers see a huge increase in jute cultivation, then prices of jute goodies will drop!
This is how the market works. It thrives on the availability and rarity of products!
What causes inflation?
Very difficult to say! There can be many factors. Natural calamities or disasters, civil war, lack of labors, low supply of products, a sudden increase in demand of a certain object, an abrupt increase in cash flow from reserve banks, and anything that creates a scarcity in an object’s supply or increases drastically the object’s demand!
Why can’t the reserve banks print more notes to fight inflation?
It’s not bad to think like that! I mean seriously, why can’t they just keep on pumping cash?
Well, there’s the problem. Most of the goods that we have, I mean those that have physical or economical existence (bonds, funds, etc.) are limited! On the other hand, the money we have will become endless!
Ultimately what happens is, you are left with extra money after purchasing a good and the money becomes useless! Or the product, you are after, increases in price, as there’s more demand since everyone’s after it because all have the cash!
That’s when inflation occurs!
But throughout the ages, as we know the poor is dominated and the rich get richer while the poor get poorer! That’s because, those who are smart enough to track inflation and those who have the money, buy extra commodities before the market hits inflation! It, in turn, increases the demand because more products are purchased and that results in an increase in the price of the product.
Now the poor can’t buy the product as they still don’t have the money. Plus the price of the product has also increased!!!
What to do then?!
Well, according to the words of Jim Morrison “We could plan a murder Or start a religion.”
What Inflation can do to your money?
Money itself has no intrinsic value. It’s worth something because we believe so! Else it can only be used to warm ourselves on a cold winter night by burning them!
No matter who says what inflation can’t be stopped! Our needs are increasing and the only thing that’s becoming cheap is technology! Rest everything is skyrocketing!
Believe it or not, inflation is going to take over you savings sometime soon, if you can’t find ways to increase your amounts!
But one relief is there that with huge rates of inflation, all forms of savings accounts receive higher interest rates!
Still, you can’t rely completely on that as there are exceptions and anomalies!
Yes, investment can only save you. Your money should always be working and be a part of the circulation. Hiding it underground will only get useless unless your money’s made of gold or silver or platinum!
The more it is a part of the circulation, the more is it influenced by the rise and fall of inflation!
Footnote: Don’t forget to consult a financial advisor and see what investment options are suitable for you! Also, savings accounts are a part of investments. Always keep one or more savings accounts open. This means bank accounts and not cash stashed under your pillow!
What you’ll think if I told you that you can save dollars without doing anything or without making any frugal plan? I guess you will be shocked or assume that I’m just kidding?
When you fall in debt, it’s hard to get rid of it. So, it’s better if you can save enough money to pay off your debts easily.
It was easy to learn about the conventional ways to save money by reading tutorials, or by following online videos, TV shows, or from Ebooks. But how about saving money without doing nothing, is there any way?
After a lot of research and discussion with my friends, I have found few ways to save dollars doing nothing or without any frugal plan. Let’s check them out guys.
Everybody should hate drinking and smoking. Actually it is ridiculous spending $120 on liquor or cigarettes. They actually have zero health benefits. Additionally, the cost of alcohol or cigarettes is high. There’s no meaning of converting your hard earned money into ashes.
Healthwise, both nicotine and alcohol can make you sick. Cigarettes causes lung cancer and alcohol may damage your liver.
The average cost of cigarettes are between $6 and $8. Expensive ones cost around $12.85. Recently, Mayor Bill de Blasio in New York announced that the cost of cigarettes will be increased to $13 from $10, each pack. So, if you are a chain smoker, then your total monthly expense will be sky high. Check out the price of cigarettes state-by-state and compare the prices. It’s better just quit smoking…you know.
Never trust a person who is into drugs; even in vacations. Drugs have dragged too many people into living hell. Drugs not only affect your health and finances, but also demolished your family life. You’ll become isolated from your family, friends, even from society.
The drug is an addiction. Stay away from people who used to have recreational drugs. Selling and buying drugs is an illegal offence. So, avoid drugs at any cost.
We, humans are selfish, greedy and unsatisfied in every aspect. They pine for costly things which they don’t even require. People want fast cars, want to watch latest movies, want to wear the trendiest fashion, use the latest sound system, play latest video games, etc. What we fail to understand that these are only waste of money, nothing more.
If you want to save money, then stop pining for the greatest things. You can buy a good conditioned used car, a second hand music system may also give you the same experience. You can play free online video games. You can read free eBooks. You can watch latest movies later online, totally free. It’s that easy.
Don’t forget one thing, the more you eat, the more you pay. Junk foods not only make you fatter, but also drain your savings. It is tough to ignore delicious burgers, pizzas, french fries, ice cream, cookies, and hot dogs. But you must draw a line.
Start avoiding junk foods for a month. You’ll be surprised that your body and wallet, both will become healthy..
Drive safely and obey traffic rules. It will help you to save a good amount on auto insurance premiums. The lower your premium, the lower will be your car maintenance cost. Accidents not only can ruin your life, but it can cause fatal damage to someone else.
Sometimes the difficult thing of money saving habit is just how you can start the habit itself. It is really very difficult to find out easy ways to save money and how you can use your savings to reach your financial goals. So, let’s discuss few basic tips that can help you to develop a realistic money savings habit.
The first step would be figuring out the amount of your spending. Keep track of all your expenses. This may include the cost of newspaper, coffee/snacks, etc. After getting the data, categorize them according to their total amount. You can use your credit card or bank statements as reference.
Once you have the idea of your monthly spending limit, you can execute a budget and try to fit your expenses into it. Apart from your monthly expenses, you must also consider expenses that occur often but not regularly. These may include car maintenance cost, home renovation, etc.
After planning the budget, try to put away 10–15 % of your income as savings. If you save money every day as well as reduce your fixed monthly expenses, very soon you’ll be able to build up a good saving habit.
Try to set a goal. You need a specific target for which you’ll cut off expenses and save money. Figure out how much time you need to save for it. If you need help figuring out a time frame.
These are some examples of short- and long-term goals:
Short-term (1–3 years)
Long-term (4+ years)
If you’re saving money for your child’s higher education and your retirement fund, then you may invest your money in IRA or a 529 plan. These investments might come come with risks but they also give you good, compounded returns if you plan properly.
Almost all banks offer automated transfers between your checking and savings accounts. You should decide the time, the amount , and the account where you’ll transfer the money to. You can also divide your income between your checking and savings accounts. Automated transfers are a great way today to save money as you don’t have to twice about separating money into two accounts manually.
Check your progress every month. Keep eyes on your checking and savings account. This will not only help you to stick to your savings plan but it also helps you identify and fix problems quickly.
These easy tips to save money will be very helpful to you and will inspire you to build a good money saving habit.
Twenties is the right time to practice good financial habits. Because, at this age every one should prioritize their finance in order to make a smooth financial life. If you’ve a habit of spending more than what you earn, it would be really difficult for you to fight with debt. The major reason that people incur debt is because they don’t know how to live within their means. If you have a couple of credit cards in your hand and indulge into heavy shopping without thinking about future consequences, then you’re in trouble. Once you fall in debt, you’ll realize how difficult it is to get rid of it. It is better that you start building new habits to become a money saver. My article can give you some suggestions.
Financial habits you can build in your 20s
Here are the 11 habits that can help you stay financially independent not only in your 20s but throughout your life.
1. Set up a goal
You should have some reasons to save money. Think what do you want? A home, financial independence, getting rid of your student loan debt . Take your first step and achieve one by one. Your desire will inspire you to save money and thus you can build a good money habits as well.
2. Give yourself a deadline
Always fix a date by which you can meet your goal. This will give you a push to save money. Think about your goal once a day. Thus, you can avoid big expenses and stay within your budget.
3. Create budget and modify accordingly
Budgeting helps you spend less than what you earn. This helps you to save more as well. As you expend less and save more, you incur less debts and even if you do incur some, you’ll have the money to pay those off. You’ll have to make a list of your income and your expenditures in order to create a budget . A budgeting calculator can help you prepare your budget. If required, you’ll have to analyze and also modify the budget from time to time as per the changes in your income and your expenditures.
4. List items of your requirement
At the beginning of every week you should list the names of items you would require throughout the week. This list should only include items of necessity and not luxury. You should then visit the mall once a week to buy things you’ve written down in that list. You should remember to carry the list with whenever you go for shopping.
5. Use cash for shopping as much possible
One of the major reasons why young people get into debts is credit cards. When you’ve a credit card in your hand, you can barely resist the temptation of buying anything that catches your fancy without thinking whether or not you at all need it. Instead if you use cash for purchasing, you would not be able to spend much even if you want. This is because you cannot carry too much cash always.
6. Stay within your means
You’ll have to change your style of expenditure in order to save money. That is, you’ll have to become more disciplined and lower your expenditures as much as possible. In addition, lower the usage of credit cards as these incur higher debts.
7. Make a habit of using coupons
Coupons are a great way of saving money. You can collect coupons from newspapers, magazines and even some websites which allow you to download free coupons. Thus, you can use these coupons to buy items on discount. Talk to your parents or elderly persons to get some information about couponing.
8. Make your own food always
Eating out, ordering food or buying lunch can make your pocket considerably lighter. It is better you skip eating out except for those very rare occasions when you want to go for dinner in a restaurant to celebrate anything. You should also carry brown paper bag to office so that you don’t need to buy food.
9. Set up an automatic savings account
Set up an automatic savings account to avoid spending money on something else. You can ask your employer to directly deposit a certain amount of money from your salary into the savings account. Pay yourself before paying others. Start small with just 1%-2% of your salary. Once it becomes a habit, you’ll see how fast your money grows.
10. Fight with debt
You should work on your financial obligations as soon as possible. The sooner you pay off your debts, the quicker you can start saving money. Try to pay the high interest debts first. Try to fix your credit card and student loan debts now.
11. Give priority to your career
Take your job seriously because your profession will give you a smooth financial life at the age of 30. A good job is always a steady source of income. Work hard and acquire advanced skills in order to stay financially secure in the long run.
Try to learn more about banking, investing, handling finances and so on. Read journals and financial magazines. Visit good personal finance websites and follow financial market on TV channels. These all are good habits you can build in your 20s. Thus, you can discover your own ways to deal with money as well.
Hi folks… This is the continuation of the last post of mine. Hope you’ll enjoy these one also.
Search new ideas to increase net worth – You can try new ways to grow your net worth. You can lower your debt, you can grow your savings or develop your income capacity, whatever you want to do. Always find new ideas for growth of income. As soon as you can see increase in your net worth, you’ll be boosted to work more hard than ever.
You need to develop good financial habits to achieve any goal. Similarly, if you want to gain financial stability and total success in your life, you must also need to work hard to grow constructive habits. As we all know, bad financial habits can make your financial life miserable, similarly good financial habits can also make your finances grow more than ever. So, let’s have a list of some common good financial habits which we can implement in our daily life.
Here goes the list in no particular order:
To be continued…