A 30 min movie named "One Idiot" will be broadcasted on CNN-IBM 27th Feb at 5PM and 6th March at 4pm

The movie one idiot that i watched around 3-4 years back and again watched today on you tube ..

This movie inspired me a lot about understanding the value and definition of money in real terms..

This movie will be again telecasted on CNN-IBN coming Saturday, 27^th February at 5pm.

If you miss to watch then also you can watch again on Sunday, 6^th March at 4pm in the same CNN-IBN.

We are today living in a consumerism world where everybody will tell you to how to spend your money. How to split money than SIP (Systematic Investment Plan)

Below line Muthu told in his blog for this movie i am just extracting .. i loved these lines personally

We pointlessly give too much attention to consumerism. We spend needlessly to look more affluent than we are. If we are caught saving we are somehow not part of the ‘in’ crowd. My film is a morality tale based on the 5,000-year old principle of ‘jitni chaadar utni pair phelana’ (stretch your legs only as much as the blanket allows). Somewhere we squander money for the sake of being trendy.

It’s a film on the theme of financial management. When we are young, we know nothing about how to manage our money, and when we see people who are careful with their money, we laugh at them.”

It is not a documentary film. I found it humorous and interesting. Even there are songs! For a 30 minute film, it has enough substance and conveys well the importance of saving, investing, not being a hard core worshipper of consumption, not having debt, asset allocation, couple of Warren Buffett sayings, how people who look rich need not be rich etc. I enjoyed the movie.

This movies is an initiative from IDFC foundation for awareness..

Also you can watch the same movie on below link on you tube

https://www.youtube.com/watch?v=vU1l1TB7GzI

Comments

The Monkey , Goat and Stock Story :)

So there was this village where one day a man appeared and said that he wanted to buy monkeys. He said that he would pay a hundred rupees per monkey. The villagers caught all the monkeys in the neighborhood and sold them to him for a hundred rupees each. Soon another man appeared and said that he would pay two hundred rupees for each monkey. But there weren't any more monkeys around. They were all owned by the first man. So the villagers went to him and said that they were willing to take the monkeys back and return his money. But the monkey owner was unwilling to sell. The villagers raised the offer price to Rs 150 per monkey, then Rs 175 and finally to Rs 199 but the man just didn't want to sell, even though he clearly didn't have any use for the monkeys. Eventually, just to see whether he would sell, they offered him Rs 200 but he still refused. The villagers were puzzled by this. Finally, one of them figured out that there must be someone else who was going to...

How To Become Rich???? Part-1

You are reading this blog means you have an aspiration to become rich….. Wish you Good luck in your future endeavours…. In this materialistic world everybody wants to become rich ….. Isn't it! But very few know the way to find this….. I completed reading the book “think rich and grow rich” by Napoleon Hill, “ Rich Dad Poor Dad” by Robert Kiyosaki and in the mid of reading another awesome book “the richest man in Babylon” by George S. Clason. Just could not stop myself from sharing the secrets with you. Though these books were written almost a century or half a century back, I will try to co–relate this with our modern age. Coming to the point, my back ground is from IT. So I will give you an example of people mindset from this field. As a software engineer I saw people going crazy of working from onsite and making quick money by earning dollars or any other format of currency whose value is stronger as compared to Indian...

Is debt fund is better than a FD with 10% interest?

Last weekend I thought of doing a FD and was checking with various corporate FD and Bank FDs What I found DHFL corporate FD for 40 months is giving 10.10% interest. But I had a mixed experience with FDs because last time when I did FD with HDFC ltd , though I did with high interest rate of 10.50%, I got minimal return because of taxation. This time I did not want to repeat the same mistake. So I was checking what are other avenues where post tax return for me would be better than these high interest rate FDs. I found debt funds are better than bank FDs in long run for post-tax return. Now question arises how? J Before understanding we need to understand Cost Inflation Index(CII) What is CII? It is used for calculating long term capital gain from income tax act section 48 CBDT has notified the Cost Inflation Index (CII) for Financial Year 2014-15. Complete Notification is Given Below. SECTION 48, EXPLANATION (v) OF THE INCOME-TAX ACT...

thanksinvestor

Search This Blog