BEST WAYS TO SURVIVE THE DEATH OF THE DOLLAR

Well, finance is a thing that attracts a number of people; we all feel affection for money and always desire to get some extra amount in our wallet. However, economics does not permit it easily and we face certain sequences due to which we lose our wealth. In modern times, especially in USA, the dollar is fluctuating very dynamically, sometimes it is helping American economy but sometimes it is screwing it. Therefore, the main question arises, how we can survive the death of the dollar, when a number of factors are influencing economy. Here, we will discuss all of that:-

Many signals are representing that the world is leading towards a huge fiscal collapse. The paper money on which we are depending so much is trailing its value with the time. What is going to happen when this paper money will be worthless? Can we purchase goods for ourselves? Can we afford shelter for our family? There are many factors like inflation, unemployment, population explosion, global warming, terrorism, migration, etc., that is responsible for the economical drawbacks. The biggest and most recent economic disaster occurred in USA was in 2008, when trillions of dollar were vanished in few hours. This was, called as “The Great Recession”; American economy is still trying to overcome that setback.

We have a stupid routine of spending and spending, but we do not endeavour to save and invest. This leads to the migration of wealth from a nation and if we want to survive the death of the dollar, we have to build a goal towards financial independence and move towards no loan or no credit card mentality, if we can achieve that then we have a great chance of surviving this economical catastrophe. Well, how this will affect common people like you and me? The idea is very simple – the prices of our necessary things will go up, cost-of living will increase and quality of the food and drugs will diminish. The unemployment is a bigger issue and if this sustains, the stature of jobless people will have a horrendous mark. It will exceed than The Great Depression period.  The healthcare will be costly and out of the reach of common people, as people would not have the money to pay their staff and they have to drop many one. The home rent will be as high as the land owners will try to cover their losses that they met in other sectors. In short, when people would not have the money to pay the rent, lesser homes will be accessible. The summary is dollar will be same but its value would be, decreased and rates of every utility like roof on head, clothing, feeding and drinking would be exorbitant.

Hence, is there any way to survive that or not? If every key has its own lock, this situation has a solution as well. The preparedness of some disaster is, known as “prepping” – so to prep this economic disaster you have to construct some revolutionary changes in your lifestyle.

                              It requires very less things and very less cost of money to exhaust. You have to know what your basic monthly expenses are as how much you spend on water, food, medical care, necessary hygiene supplies, shelter (including lights, transport and sanitation) and other miscellaneous things. If you examine all of them properly and start to think, above of all of that is a thing of luxury for you. You do not need to but iPhone every month and you do not need a Porsche, they are worthless for you. You need to invest some amount in some division that is going to offer you surety in the tough time.

If you can put aside several hundreds of dollar every month, believe me! You are doing a great help to the nation. You need to know the art of saving and by the help of learning this art you can endure an economic blunder. When you are buying a house try to locate it in a small town rather than selecting an apartment in a big town. If you have an old vehicle, get a new one by removing that from your garage as older vehicle costs so much every year for service and maintenance, so save the money! The big problem we contain is that we rely so much on credit card rather than actual money, stop it, as it is a lending system and you have to pay interest on every penny you spend. You have to stop eating outside and rather than cook at your place for your family, it will save massive capital. If people start focusing on the habit of saving money and investing, we can survive the economic disaster anytime. 

MR. JAITELY YOU MUST PASS THIS BILL, GST!!!

Let’s talk about my favorite topic-economics. Economy is the prime reason of giving employment to the citizen of a nation in the modern era. If a nation has a ruined economy, believe me! The world is not going to invest in that nation. To improve economy Government should impose good tax system in the nation. In the financial budget of India, Finance Minister Arun Jaitley proposed that GST will be applicable from 1 April, 2016. Analysts believe that the execution of the goods and services tax (GST) could offer the rate of increase of productivity. GST will increase the GDP of India & will counter the tax terrorism of the nation. Today I am going to explain the various benefits of GST for the Indian economy and how it will help the common man. The benefits of GST are:-

1) FUSED MARKET- The GST will cut down the various numbers on taxes obligated by the central government, i.e. Central VAT or excise duty, services tax, central sales tax on interstate sales, etc. And states, i.e. entertainment tax, VAT on sales, luxury tax and octroi. This will result in the creation of a combined or unified market, which would ease the endless movement of goods across states and decrease the transaction revenue of businesses.

2) LOWER ENCOURAGEMENT FOR TAX EVASION: In present scenario, companies have to pay taxes on complete original value of the product/service, but under GST, companies will have to pay tax only on the value-addition (means cost of a product will decrease for consumer). Therefore, the actual tax paid will likely be small and decrease the incentive for evasion.

3) WIDEN THE TAX BASE: GST will provide credits for all taxes paid prior in the goods/service chain incentivizing taxpaying companies to spring inputs from other known or recognized dealers. This will carry in extra revenues to the government as the unorganized sector, which is not part of the value chain, would be drawn into the tax net. Moreover, states will be provided for tax services (as opposed to only the central government) under the GST.

4)  DECREASE IN THE COST OF PRODUCT/SERVICE: The biggest beneficiary of GST will be the common man of this nation. The common man is tired of the high cost imposed on everything. A biscuit packet whose weight is 100gms costs 10-15 INR (based on company) will cost 8-12 INR, it will help to control inflation for the common man. Fuel prices will decrease as Govt. would not impose tax on taxes.

According to the National Council of Applied Economic Research, government's tax income will augment by about 0.2 per cent because of GST execution, while GDP growth could increase by 0.9-1.7 per cent. Exports will also get a enhance as they are zero-rated for taxes and also as the fall in cost of produced goods and services under GST will increase the competitiveness of Indian goods and services in the foreign market.

However, the rate will be decided by centre & state on the services which may vary from 16%-27% on the original cost.

THINK- Cost of a biscuit packet is 10 Rs. after all taxes, its original cost is 6 Rs. Now if GST applied on this & we delete the rest of the taxes its cost would not go above 8 Rs. That’s how GST will benefit the common man and it will be a huge game changer. Now it’s on our parliament to pass it & then impose it from 1 April, 2016. I hope this will solve a number of problems related to our nation.

Thanks for Reading!

10-Things, I want to do in 2015!

It is 01-01-2015, 2014 was full of various events in my life. A farewell - completed my graduation, an internship, a new business and many other emotions. The year 2014, gave me many memories for a lifetime; I achieved many things and on the other hand lost many opportunities as well. I fulfilled many wishes of mine and this year I do have many wishes. Today I want to share my 10 things, which I seriously want to achieve in 2015. Let me tell you the 10 things:

1.      A Road Trip with Friends – No matter which place, I just want to travel with my friends, a car, some friends and a journey. All I want in 2015. Any place and anytime!

2.      Adventurous Sport- I want to play any adventure sport. It can be Para-gliding, hang gliding, bungee jumping, river rafting, trekking, etc.  I just want to risk my life so that, I can understand the value of life. 

3.      Starting a New Business- I have completed my graduation in Civil Engineering. Therefore, I just want to tell you, I have a desire to start and business and expand it. The challenge is not an easy task, but someone has to do it for the society and nation.

4.      Visiting a New Nation- I seriously want to achieve this desire. I have completed 22 years of my life in India, now I want to step in some other nation too. It can be Nepal, Bhutan, and Sri Lanka or can be USA. All I want is to go outside of the nation.

5.      Cooking, & Cooking- I am Capricorn by birth, and the biggest talent of a Capricorn person is that they can cook.  I love to cook and it is my passion as well. Therefore, I will search more recipes on the internet and will try them; simultaneously I will post them in Wordpress.

6.      Regular Exercise- This is also my new year’s resolution. I will do regular work out, it can push-ups or gymming. It can be running or yoga. I will do regular exercise!

7.      Take Regular & Sound Sleep- I have a bad habit of late sleeping. Sometimes I sleep at 2 A.M. This year I will not do this. I will try to sleep at 11 P.M. every night.

8.      Taking Some Days & visit an unknown place- I want to take some days off and visit a place that nobody have ever seen. I want to take a backpack and some food, then go there and spend some time to know myself.

9.      Purchase Some Good Gadgets- Whenever I see an Apple phone or tablet, I always want to purchase it. That is why, this year I will fulfill my desire!

10.  To perform one good work for the nation every day- It is the duty of every person to do anything good for the society. It can be associated with cleanliness, social concern, social inspiration, etc. However, I will perform and repeat it every day.

I hope you have achieved my article!

I am waiting for your comments and feedback!

Apple Pay is the "Future" for Online Payments?

Apple is the one of the most famous brand in the mobile phone industry. The look, the design, the touch sensitivity, the features of Apple are awesome, they are way ahead than Android. Apple is a status symbol and everybody wants to purchase it, but here we are going to talk about an extremely first-class service which Apple provides to its customers-Apple Pay.

Apple Pay is the latest innovation of the company, it is a service by which we can buy a number of products online. Company’s new electronic payment system, is an innovation of the highest level. A number of critics have agreed that Apple pay is the future of electronic payments. But the company needs to understand that if they want a global success they need to clear some big hurdles, right now it is available in iPhone 6 and iPhone 6+. The best thing I like about Apple Pay is that we need to use our fingerprint to validate a purchase on our cell phones, which will be the future of payments for goods and service. Once again Apple has shown its vision for the future.

The big difference between Apple Pay and Google Wallet is that, it is user concentric. It is not considered for the credit card companies or retailers. It is designed to make it easier for the customers, which is better than cash, cards. The card payment systems are simple to use, but they are not as easy as Apple Pay. Payment via cards requires multiple steps, where you swipe and type. Sometimes we require to hit multiple check boxes on multiple screens with an electronic pen. It’s a headache, and there’s nothing more annoying than waiting for a transaction in front of your mobile/laptop screen. But in Apple Pay, you touch your iPhone to the terminal, brush the home button with thumb and your work is done. The security provided by Apple is really good; there is no scope where we can face a deception, where we don’t need to worry at all regarding money. Many people may say Apple Pay will fail because Google Wallet failed, they failed because they tried to replace some existing parts of another system. While Apple has smartly partnered with the credit card companies and provided solutions for merchants in their pockets, making it value add, not a replacement.

WHAT'S WRONG CAPTAIN COOL?

I respect him but today I am really not happy the way he treated his team and his fan’s hope in the England tour.  First of all India lost test series by 3-1 to England.  Being an Indian cricket team fan, I was highly disappointed the way he and his team performed. Okay! Being a team India fan I can agree we have no such conditions here in India, like England is a cold country etc. The ball swings a lot there but now with the help of technology we can create such conditions anywhere, in any cricket academy we have such facility. Whenever any foreign cricket team comes to India they practice really hard and adjust in our climatic conditions so well, so why can’t we? Every player in Indian cricket team earns a handsome and respectable income in one month. So it means there is no shortage of money or resources. Every player can afford anything whatever they desire then what’s wrong? It’s my question to every fan. The question is about their patriotism and integrity. Indian team completed 3^rd, 4^th, 5^th test match in 10 days combine. English team didn’t play for second innings in all three matches and that’s my point to tell you here, what’s wrong with us?

Indian team won ODI series by 3-1, the performance by Indian team was good, I don’t deny it but we have to remember that English team is not a good one day side. We may have won  the series but it also reveals another aspect about team India that we are “jack of all trades” when it comes to play shorter format but when we need to play original format or “pure whites” formats we are no good.

And yesterday India played a T20 game, India got a good start but in the last 5-7 over we lost our path. But the worse thing was our captain MSD, showed a great character of over-confidence in the last over of our inning. Yeah! Seriously he wasted 3 important balls which could change the dimension of the match that time but he didn’t give a single chance to other partner. Some BCCI funded commentators were appreciating him, but seriously what false image they were trying to create among us. I always respect Dhoni, he has worked really hard to achieve this level and stature but he should remember he is the captain of Indian cricket team and we have our hopes from him. Okay! Winning and losing is part of a game but losing by fight is greater than winning by fluke. And at least he should not make unnecessary statements and non-justifiable arguments in every press conference.

“WITH GREAT POWER COMES GREAT RESPONSIBILITY”

Keep in mind Mr. Captain. We expect a good performance from you and your team not a loser’s attitude and loser’s performance.