Self motivation

Self motivation

Self-motivation is a process which starts from self-assessment. Self assessment enables individuals to know what are his or her strengths as well as his or her weaknesses. If one is aware of what are his or her strengths, the person will be able to continue what he or she is doing and will look to enhance them. On the other hand, knowing one's weaknesses will enable the person to work on removing them. If one knows his or her weaknesses, he or she might be able to turn these into opportunities that will make him or her successful in the future.
Realisation of the need for motivation is must to get motivated. Once you have mind set for it you will look forward to the results of what you are aiming for. Remove all negative thoughts from mind. This will help in development of clear vision.
The next best thing to do is to start with small and simple tasks. Self motivation might be scary for some persons and can be overwhelming for others. It is best to start with small and simple goals to achieve. If one starts small and simple, he or she will be able to accomplish these goals the easier and faster way. Another thing that can help you get started with self-motivation is to continue learning different things. Learning different things will open you up to other opportunities that you never thought exist. When you continue exploring, you will never know what is in store for you. If you continue discovering new things, you will find your niche to success eventually.

Why  self motivation is required?

·         To accept challenges and opportunities in life.

·         Helps in planning your life and easing the difficulties.

·         Provides a new sense of purpose and direction to your life.

·         Provide enthusiasm in life.

·         Empower and encourage yourself to face tough times and competition in life with the help of self motivation.

·         Fill you with positive energy and boost your enthusiasm.

·         Provides you an identity for yourself

 Traits required to obtain the flow -

·         Complete involvement in the activity

·         Synchronization between skills and challenges

·         Interaction with peers

·         Positive attitude

·         Showing of confidence

·         Trust in oneself

·         Targeted Approach

·         Proper preparation and planned approach

·         Stress management

·         Time Management

·         Explore yourself – SWOT analysis

Financial Planning: Start as early as you can

Financial Planning: Start as early as you can

Planning of financial resources is essential for everyone. The early one begins to manage money, the better it is. People have always been responsible for managing their own finances on a day to day basis – spend on a holiday or save for new furniture; how much to put aside for a child’s education or to set them up in life – but recent developments have made financial education and awareness increasingly important for financial well-being. The growing sophistication of financial markets means consumers are not just choosing between interest rates on two different bank loans or savings plans, but are rather being offered a variety of complex financial instruments for borrowing and saving, with a large range of options. At the same time, the responsibility and risk for financial decisions that will have a major impact on an individual’s future life.

Individuals will not be able to choose the right savings or investments for themselves, and may be at risk of fraud, if they are not financially literate. But if individuals do become financially educated, they will be more likely to save and to challenge financial service providers to develop products that truly respond to their needs, and that should have positive effects on both investment levels and economic levels.

STEPS in Financial Planning

1) Knowing your various sources of income

2) Identification of your goals and risk appetite

3) Gap Analysis

4) Preparation of financial plan

5) Implementation of plan

6) Regular monitoring of the plan

Step 1- Knowing your various sources of income

First step in preparation of financial plan consists of recognisation of the various sources of income. Excess of revenue over expenditure is known as income. Various sources of income consists of

Income from salary

Income from House property

Income from business and profession

Income from capital gain

Income from other sources

Step 2-Identification of your goals and risk appetite

Identification of goals is must in order to prepare financial plan. Goals must be prepared according to the risk bearing capacity of the individual. Goals must be SMART

S- Specific

M- Measurable

A-Attainable

R- Realistic

T- Time bound

Step 3- Gap Analysis

Identification of financial gap between where one is and what one wants to achieve must be recognized. Financial Plan can only be prepared if one has proper knowledge regarding this financial bridge which one needs to cover.

Step4- Preparation of financial Plan

Depending upon the risk, return, liquidity, duration, flexibility and tax benefits, one has to prepare the financial plan. One needs to decide between the various alternatives available such as

·         Banks- saving account, recurring deposit, fixed deposit

·         Govt schemes – NSC, PPF, Post office schemes, equity linked savings scheme, Infrastructure bonds or Kisan vikas patra

·         Bonds

·         Debentures

·         Mutual funds

·         Equities

·         Real estate

Step 5 and 6- Implementation and review of plan

Proper implementation and periodical review of the financial plan is must

Educated investor – A protected investor

Turn obstacles into challenges

Turn obstacles into challenges

Perception is particular way of visualizing, understanding or thinking about something. Perception in the broadest sense is a matter of interaction between the world and the self.  At its simplest, the world gives us events; we in turn give those events meaning by interpreting and acting upon them.

Dreams are seeds of perception. They can inspire and lead to great achievements.

World gives us inputs (sensations) and we provide output (action) anticipating their meaning (perception). The positive the perception, the better is our reaction.

There is no existence of fact until and unless there is perception. Even fact would be irrelevant if not perceived. Perception about a situation generates different reaction and enables different outcome. It is perception which can allow possibilities to pass by or it can provide one with handful of opportunities. Thing appears to be in line with how one believes them to be.

Persons with positive attitude do not have better circumstances than negative attitude people. It is their positive perception which makes the circumstances congenial and their actions are productive as they adapt to it fast. They easily gain popularity in families, teams, friends, organizations as they have winning attitude.

Numerous opportunities in life surrounds, if one perceives them so. If one perceives a wall to be end, he will stop and move backwards but if one perceives it as an obstacle, one will get a ladder and climb over it. Perception makes a situation a beginning for some and same situation as end for others.

We cannot change the fact but one can change the way of seeing the fact which will enable us to move forward with more energy and enthusiasm and we will find positive path ahead of us. Obstacles will turn into challenges.

2012: Probable ‘YO-YO’ Year for Indian economy

2012: Probable ‘YO-YO’ Year for Indian economy due to rupee depreciation

Past four months have witnessed Rupee depreciation in comparison to dollar which indicates that India’s currency has lost its value in comparison to US dollar. The rupee is down 16 percent this year. “The rupee has already touched record lows and so exporters may look to cash-in at the year-end, while importers will try to hedge against further weakness,” said a foreign exchange trader at a state-owned bank . The probable impacts of rupee deprecation will be:-

1.     Inflation will be the key risk due to depreciation of rupee. Past two years have been scary for Indians due to inflation. Inflation will rise as India is net importer, and crude being primary import, the cost of importing crude will rise even if the price of crude falls in international markets.

2.     Indian corporate sector which import raw materials from abroad will also be hit hard as they have to pay more for imports and therefore their profit margin will suffer.

3.     Small importers will also be in pain as they too have to pay more for dollar, which in turn would make some smaller importers to go out of business or may even lead to bankruptcy.

4.     Exporters like IT companies will be benefited because of rupee depreciation as they will receive more rupees per dollar which improve their bottom line and hence more profits for them.

5.     The rupee's depreciation will hit infrastructure sector projects dependent on international market borrowings and imported equipment in a big way.

6.     Foreigners coming to India will find it cheap to come to India which will in turn benefit the hospitality sector.

7.      Other people like non resident Indians who remit dollars to India will also benefit out of this.

8.     Students going abroad for further studies and Indians going to foreign travel will be pinched hard due to his movement in rupee.

Rupee deprecation has more disadvantages than advantages and if this fall is not controlled in time than it can have serious effects on the Indian growth story and also it can lead to downgrading of Indian economy by rating agencies all over the world.

Motivational shlokas.........

उद्यमेनैव सिध्यन्ति कार्याणि न मनोरथै: ।
न हि सुप्तस्य सिंहस्य प्रविशन्ति मुखे मृगा: ॥


No work is done without effort like no animal himself enters in sleeping lion mouth


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अयं निज: परो वेति गणना लघुचेतसाम् ।
उदारचरितानां तु वसुधैव कुटुम्बकम् ॥ 



 Narrow minded people have thoughts like he is mine and he is not mine. Entire world is family for noble
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न कश्चिदपि जानाति 
किं कस्य श्वो भविष्यति ।
अतः श्वः करणीयानि 
कुर्यादद्धैव वुद्धिमान् ॥


No one knows what will happen tomorrow so wise people do work that should be done tomorrow
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आचार्यात् पादमादते पादं शिष्यः स्वमेधया । 
पादं सब्रह्मचारिभ्यः पादं कालक्रमेण च ॥ 


A student learns a quarter from teacher, a quarter from own intelligence, quarter from fellow students and remaining with course of time.

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च्छायामन्यस्य कुर्वन्ति तिष्ठन्ति स्वयमातपे । 
फलान्यापि परार्थाय वृक्षाः सत्पुरुषाः इव ॥ 


Trees stand in sun and give shade and fruits for others. Similarly good people go through all hardships for welfare of others.

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उपकारिषु यः साधुः सधुत्वे तस्य को गुणः । 
अपकारिषु यः साधुः स साधुरिति कीर्तितः ॥ 


If one does good to those who do good, what merit is one's goodness? Saint is one who does good to even those who harm him.

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स्व्भावं न जहात्येव साधुरापद्गतोऽपि सन् ।
कर्पूरः पाव्कस्पृष्टः सौरभं लभतेतराम् ॥


A good person never gives up his nature even when he is caught in calamity. Camphor caught with fire emits more fragrance.

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Parents.........U r ideal leaving imprints.........

Little eyes keep watching you….

Little ears keep hearing you……

Little hands eagerly wait to do as you do……..

Little legs love to follow as u walk so…..

You are the world for little ones……

Being watched and observed day and night tons and tons……

U r ideal leaving imprints……           

WHAT WE GET….WE TEND TO GIVE…......

Learning develops as we grow,

If one grows in hostility, fighting spirit begins to show

If one lives in tolerance, patience is what begins to grow

If encouragement is experienced, confidence develops and makes us grow

If equality and fairness is what we live, Justice in our approach will flow

If ridiculous is the environment, shy and introvert will be the person as one grow

If one get praise, appreciation is what he gives when he enter next phase

Excess of criticism if faced, condemn is what one learn as one grow

What we get , we tend to give the same as we grow…………..