Ajay Shesh's Blog, page 8

GOT SOME TIME? CHECK OUT THE ADVANTAGE OF NETWORK MARKETNG!

I want to talk about a concept called Network Marketing which I feel is extremely relevant to our current discourse on the improving financial acumen. According to businessdictionary.com, network marketing is a direct selling method in which independent-agents serve as distributors of goods and services, and are encouraged to build and manage their own sales force by recruiting and training other independent agents.

Network marketing is a great way of starting your own business in your free t...

WORKING IN BETTER PROJECTS: HOW TO MAKE YOURSELF INVALUABLE

A core point that I have been reiterating is that if one makes a sincere effort, a regular job cannot restrict you from pursuing your true passion and also dabbling in other legitimate and rewarding ways to increase the income that you receive at the end of the month. So while even in a job, one can always look for opportunities to make more money by volunteering for interesting projects. Some of them are as follow:

Engaging in special task forces and committees Volunteering for surveys and...

EMPOWERING SPOUSES: HOW TO INCREASE YOUR GROSS INCOME?

All this while I have been talking about fixing the leaks in the bucket of our income but now let me talk about ways in which I can expand the bucket itself.

Reducing liabilities is of great use only when we have a sustained increase in our income, assets base and cash flow. It is then that we can fully utilize our strengthened financial position for the betterment of our family and society. One way to achieve an enlarged bucket would be to work out a system in which both spouses are earning....

HOW TO ASSESS YOUR PURCHASES? ADOPTING A BUSINESS PERSPECTIVE

Moving on, now I shall bring together, necessities and liabilities together so that it makes sense from a business perspective.

Now that you understand what an asset is and what is a necessity, let’s explore liabilities. Say you own a great car that is serving you well. Now if you decide to purchase another, I would say that you are taking on a liability. While a liability takes money out of your coffers, it does absolutely nothing to improve your present or future prospects. In some cases, i...

HOW NECESSARY IS YOUR NECESSITY? UNDERSTANDING YOUR REAL NEEDS

I have been discussing what exactly constitutes an asset, a necessity and a liability. You might be under the impression that these are words of which you have a fair understanding and you don’t need to delve into the deeper dimensions of each. But a rough understanding of things will not be beneficial for you if you are considering making more money using honest and legal means, having an income above your limited salary and pursuing an ambition beyond nine to five jobs.

In the last blog, I...

UNDERSTANDING MONEY, ASSETS AND INCOME

To counter my previous idea of pursuing an initiative outside the confines of our daily jobs, one may state the following arguments:

Not everyone is blessed with business acumen or an entrepreneurial spirit. Money is definitely everything in life. One can only spend so much.

While I emphasize with each of these views, I also feel that everyone will agree when I say:

Money is important.

As one grows older, money transforms itself from being a tool for consolidating wealth and becomes an inst...

IS THIS JOB ENOUGH? HOW TO FIND SOMETHING BEYOND 9 TO 5

In my previous blog post, I have spoken about the need for a team and the greater need to empower the team. This has a dual significance. First, you are ensuring that the work goes on smoothly in your absence. Second, your energies are invested in expanding and improving your prospects while routine functioning is effectively carried out by your co-workers.

But as an employee, one should not be under the impression that the employer is responsible for ensuring financial stability and wealth....

WORKING SMART IS WORKING HARD; HOW TO BE A SUCCESSFUL EMPLOYER?

We are highly fortunate to be living in a world where economic interaction is at its peak. The economies are open, technology is at its best and is constantly reinventing itself and we have sufficient financial instruments to help us accumulate considerable wealth. If we were trying our hand at gaining wealth just a few decades ago, this ease of functioning would be absent. So if you want to earn a decent living, the times are great. Everyone ends up fending for themselves and doing well fina...

Honesty or Riches; Can we obtain the best of both?

I am now discussing the many intricacies of the concept of honesty. In my previous blog post, I had started to develop on what honesty truly entails albeit at a very basic level. I now wish to delve in further and offer some impactful observations.

In humans, we have two characters. One is a personal character and the other is a vocational character.

The personal character defines how a person “is”, his sense of honesty (saying what he does), his integrity (doing what he says), fairness, mo...

Honesty is the best policy; how sure are you?

I once had the good fortune of listening to a wonderful chat on the radio where the guest speaker, Swami Jaggi Vasudeo, was confronted by a distraught man facing dire consequences arising from his lifelong approach of honesty. Because of his honesty, he is now suffering from a lack of financial resources, personal and professional fulfillment. Being a principled man had led him nowhere while his corrupt contemporaries are enjoying great privileges. So for him, honesty is not the best policy i...