Attract Goodness in Your lives

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We all need to learn to open up and expand .
First Scenario
We start to contract , we always think in terms of ME. Always such thoughts arise in our minds as
• What about me?
• What will happen to me?
• How can I get this or that?
We start moving within a shell. We need to realise we are closing ourselves from many good things in life.

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Working Mothers – Boon or Bane ???

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Working mothers have a dilemma and a guilt feeling on that whether they are ignoring their children for the sake of career? Some mothers work for their career development and some work due to financial constraints. Whatever the case be points go both for and against working mothers.

Points in favour – for the working mothers:

Good news for working mothers is that they act as a role model for their children – a strong , confident and independent figure. Children look up to their mother as a figure who carries herself well and it gives them good feeling about themselves and their mother. Children look up to be like their mothers –independent and growth oriented.

Children become independent from a very young age.
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Personal Vision and Mission

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Remember first step in achieving anything is conceptualisation and intent setting. Thought power is very great and this can lead us places.

You need to answer these questions for yourselves which lead you to set vision for yourself i.e. how you want your life to be ?

Look into yourself and create a vision and mission for yourself.

Step 1: Looking into oneself

Q1. a) What are my fundamental beliefs? What is my value system which forms the foundation of how I work and conduct myself?

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Learn to take criticism- It helps you to evolve:

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Mr. X: What happens when you are doing something with passion and dedication and someone comments that you are not doing it properly , there are lapses in your working style and you are required to undergo a training for improvement???

Mr. Y : Oh! I feel lot of pain and turmoil inside me. I feel I am putting in sincere effort from my side and this is the credit I get for my work. I feel terrible and as if all my reputation is at stake. I feel like retaliating or leaving the work what I was involved in.

Wait a second!!! If these are your thoughts wait for sometime. Continue Reading on our website platinumlearningmate.com

Find a mentor in your life – A viewpoint

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Finding a mentor is very important in Life.

Mentor in todays world is same as what we called a MASTER in ancient world.

Mentor is like a propeller in a rocket, as an engine in a train. He is a person who has the capability of looking into the gifts you have with you , the capabilities you have with you and guides your capabilities in right direction. He is a person who has the capability of taking the best out of you and holding you when you fall.

Once you find a right mentor in your life nearly half of your journey on the path of your dreams is achieved.

First Step:

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Make your children financial savvy-Part II

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Q2.What is a recurring deposit ?
I am 12 years old . I want to start a recurring deposit of Rs.1000 in a bank.The interest rate is 8% per annum compounded quarterly. How much will I get after 5 years?

Answer:


Recurring Deposits are a special kind of Term Deposits offered by banks which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account. It is similar to making FDs of a certain amount in monthly installments.


Formula:


Maturity Value = P*((1+R)^N-1)/(1-(1+R)^(-1/3) )

Amount invested each month, P = Rs. 1000

Rate of interest ,R = 8%

Compounded Quarterly ,therefore rate of interest would be
R = 8% ÷4 = 8/400 = 0.02

Number of quarters over the duration of 5 years,
N = (5 X 12 months) ÷ 3 = 20 quarters.
So,
Maturity Value=1000 * ((1 + 0.02 )^20 -1) / (1- (1 + 0.02)^(-1/3))

For Ms Excel type = 1000 * ((1+ 0.02)^20-1)/(1-(1+0.02)^(-1/3))

When you press the enter key you will get
Maturity value= Rs. 73861.87


Q3.What is inflation? My family’s expense is Rs.10,000 or $10,000 per month. At the inflation rate of 2% , how much will be the purchasing power of this amount after 10 years?

Answer:


Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. With the rise in inflation , every dollar or rupee you own will buy a smaller percentage of goods or services.

The value of a rupee or dollar does not stay constant when there is inflation. The value of a rupee or dollar is observed in terms of purchasing power, which is the tangible goods that money can buy. The purchasing power of money goes down with increase in inflation.

For example, if the inflation rate is 3% annually, then theoretically a $1 or Re.1 chocolate will cost $1.03 or Re.1.03 in a year. After inflation, your rupee or dollar can’t buy the same goods it could beforehand.


Formula:
Reduced Amount = Present Amount / (1+ inflation rate) ^ Number of years


= 10000/(1+2%) ^ 10
= Rs 8203 or $8203

Teach your children Responsibility -Part3

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 Responsibility towards home and parents:

It is usually seen in most of the homes that children are busy watching television or playing while parents are doing all the household work.

Myths involved:
Myth 1:

Parents think that the children are too small to be involved in the household work .

Myth 2:

Children are already doing so much of work and are so much stressed and burdened by their study schedules so why burden them more???

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