Power of 1 Rupee

September 21, 2007 Posted by Ram | Uncategorized | Leave a Comment

crorepathi’s..? ! not a distant dream any more

Lets come to the objective of the blog. this is just to create an awareness of the power of money what we earn and how to utilize the maximum of it. why i am saying is we all work hard to make money. we earn the amount as freshers ,what our fathers got when they worked for years. but we tend to spend and the awareness of saving is missing.

we all plan tax at the last moment and we get in to insurance polices or mutual funds to escape from the tax attack. but how many of us really bothered to look in to where we parked our funds?? less. very less. its all about the tax agent or your office finance department people or the mutual fund agent who suggests the financial instrument where you just sign and give-him the check.

Let me tell you there are two ways to become crorepati’s(Indian version of millionaires.. ha ha ha)

one is to earn that amount through salary or through your profession. I’m sure fot his option to work we have to get 6 digit salaries. and that too takes time…(lot)

second is making your earned money to multiply. why I’m saying ‘multiply’ because investing without objective or without that knowledge is also a saving, but that wont fetch you best results, even if you have chance to do that. so people think.

I’m planning up an event for this , we can meet up regularly .. hmm lets see ..

August 23, 2007 Posted by Ram | Money | Leave a Comment

Money

The only pass which opens all the doors in world. let me share how one rupee istreated in other parts of world . in london, the lowest denomination is one cent , similar to our onepaise. One pound is like our rupee. see there what ever thing u shop, it hasthe aditionalcent tag with the pound part say GBP 2.57, means 2 poundsand 57 cents. there they will giveyou thechange back. This cent tag comes with what ever be the thing u purchase,let it be a banana, or a toffee or a water bottle or pepsi.

So the lower denomination has an important role but here we have lost that lower paisa denominations.

I dont knwo much about other countries. my blog readers can leave there comments about it

August 22, 2007 Posted by Ram | Money | Leave a Comment

All would be thinking now, the power of one rupee today here in India. Yes it’s not very powerful. You can’t get anything for less than or equal (sometimes) to one rupee. I tried this out in some shops, what I can get for 1 rupee.

Kadalai muttai or candy -1 rupee per piece
Two tofees or halls
One muruku
Water packet is Rs 1.50 out of our pocket. So nothing else.

This is what I can get even in a petti shop or chetta kadai or annachi kadai. Think of the malls or spencers or city centre I am damn sure u can’t get anything for one rupee. Even the parking ticket is Rs5. So the moral one rupee is nothing, it has no value as such. Then what’s the power of one rupee. Yes it has! Let me show that thru this blog.It’s about the compounding factor of rupee.

One rupee may be powerless. But 10 one rupees you can get something in spencers. 100 one rupees you can buy certain goodies. With 1000 one rupee you can get into any shop and above that you can roam and shop royally.That’s it small drops makes the ocean.