சங்கர் Shankar குமார் Kumar

Shankar Kumar Muthu Pandi🌺😊யாதும் ஊரே யாவரும் கேளிர்☘️ means ☘️Every village is my village and every person is from my kin.🌺

[Arti Shah @TechByArti]

7. Financial Accounts

Most people assume their family knows where the money is.

They're usually wrong.

Make a list of every bank account, brokerage account, retirement account, insurance policy, and loan.

You don't need to include passwords.

Just document what exists and where it exists.

An account nobody knows about might as well not exist.

[Arti Shah @TechByArti]

6. One-page document

Gather everything on a single sheet.

Where the password manager resides and how to access it. Where the seed phrases are physically stored. The phone's PIN. Who handles access to Apple and Google. Any account containing real money or value.

Two printed copies. One kept under lock and key. One with a person you completely trust. Review it every year.

[Arti Shah @TechByArti]

2. Google Accounts

https://t.co/nzoVVzAdSl

Set a timer for how long Google waits before taking action. Then assign people and decide exactly what each one can see. One person gets Gmail. Another gets Drive. Another gets Photos. You control the split.

Google checks with you first. No response means the people you chose gain access automatically.

[Suhail @Suhail]

My favorite @elonmusk quote that I often send friends:

Do not fear losing. “You will lose,” Musk says. “It will hurt the first fifty times. When you get used to losing, you will play each game with less emotion.” You will be more fearless, take more risks.

[Naval @naval]

The only truly wasted time is time spent wishing you were somewhere else.

[Dr. A. Velumani.PhD. @velumania]

Many ask frequently - At 66, Two StartUps? Where do you get time for all what you do?
Simple answer. “If you have bandwidth, define priorities and focus from 5.00 am, consistently.”

1. My mother did for 75 yrs. Built the big family all alone.
2. My wife did for 50 yrs. Built #Thyrocare through me, 1000s of jobs.
3. I have been doing for 60 yrs. Let me see what I can in next 5 yrs?

It gets abundant - Time, Energy, Relationships, Success, Wealth, Happiness, Peace, Dignity, Love, Care, Affection and Trust.

Do not tell me all these do not justify to sacrifice that extra hour sleep.
Next time when you see your child sleeping after 6.00 am do not put an extra blanket. Hug and tell him a story.
If he gets up along with you, he would live as a leader.
If he is not interested in your story - he has to follow someone, who got up early.

Believe me, Intelligent sleeping too long is a big loss for 1000s
#ParentDonotPamper

[Vijay Kedia @VijayKedia1]

Respected @nsitharaman ji and @FinMinIndia,

Suggestion 3 of 3 for strengthening India's capital markets:

Securities Transaction Tax (STT) should be abolished.

STT was introduced as a simplified transaction tax to facilitate easier collection of taxes from capital market transactions. However, over time, it has effectively become an additional layer of taxation alongside other market-related levies.

A simplification measure should not evolve into permanent duplication.

In addition to brokerage, investors already bear multiple statutory and regulatory charges including exchange transaction charges, GST on transaction-related charges, SEBI turnover fees, stamp duty and STT.

Unlike income tax, STT is payable irrespective of whether an investor makes a profit or a loss. The investor pays the tax simply for participating in the market.

Capital markets play a vital role in channeling household savings into productive enterprises, supporting entrepreneurship, generating employment and strengthening India's economic growth. Transaction costs and multiple layers of taxation discourage participation, particularly among long-term retail investors.

India's equity markets have matured significantly since the introduction of STT. The time has come to review its original purpose and reconsider its continued relevance.

Abolishing STT would simplify market taxation, improve capital market efficiency and encourage greater participation in India's growth story.

Respectfully submitted.

[Arti Shah @TechByArti]

I GAVE CLAUDE MY SALARY AND IT GAVE ME A PLAN.

Use these 15 prompts to turn your paycheck into a strategy:

[Fundamental Investor ™ 🇮🇳 @FI_InvestIndia]

Social Media is Powerful.

We wrote to FM Madam @nsitharaman ji & GST Council @GST_Council to make GST on Health Insurance Lower. They made it ZERO.

We wrote about increasing tax slabs to put more money in hands of the people. The slabs are going up gradually. They listened.

We voiced about various GST Slabs and now we have 5% and 18%. Long way to go even there, we will continue to voice.

We voiced our concerns about E20. Now, we will have all options across bunks for all kinds of vehicles.

We voiced out our concerns about Frozen Deserts. Companies are now falling in line and will focus more on better products.

Our voice is powerful. I would like to take a moment to salute every one who is on social media who writes fearlessly, with constructive suggestions and which get implemented !!!

Kudos...

#FI

[Revant Himatsingka “Food Pharmer” @foodpharmer2]

BIG WIN for India!

For years, many companies in India sold "frozen desserts" in the name of ice cream using palm oil and other vegetable fats instead of real milk.

But today, Kwality Wall's global CEO has announced that by next year, their products will become real ice creams, with milk instead of palm oil.

Honestly, just the way we criticize brands we need to appreciate them too when they do a good job! This is what happens when people start reading labels and asking questions.

In the last few years, so many companies have made improvements in their products. Imagine the impact if crores of Indians start reading labels together. Once again, thank you, Kwality Walls, for taking this step!

I want to thank Amul and other companies as well for running several campaigns on this, which had a major contribution to this change happening.

Let's make India healthy again! Label Padhega India!

[Vineeth K @DealsDhamaka]

A harsh truth - Not generalisation, just observations ✍🏾

Indian parents in their 60s today are the loneliest generation we’ve ever produced❤️‍🩹

They raised us to fly. Now they sit in big empty homes waiting for us to land back. There is a quiet ritual happening in lakhs of Indian homes right now.

An ageing father, sitting at his desk with a small notebook. In it, dates and timings every video call his son made over the past year. 47 calls. Average duration 11 minutes.

He isn’t complaining. He is just keeping count. The way you do when something matters.

That image won’t leave me.

These are parents who never asked for much. They cooked for joint families their whole lives. Hosted relatives every weekend. Sent their children to coaching, college, abroad. Paid every fee. Made every sacrifice.

And then one day the house went silent.

The same house that had four people, then three, then two, then one most weekdays, because the wife is travelling to take care of the grandchild in Bangalore or the US.

They never tell you any of this on the call. They ask about your work. Your wife. The kid’s school. The weather in your city.

They never say “I miss you.” Because they’re from a generation that didn’t use those words even when their own parents were alive.

So they keep a notebook instead.

If your parents are in another city, please don’t wait for festivals to visit.

Show up on a Tuesday. For no reason. Stay for the weekend. Eat what amma cooks. Sit with nanna and watch the news without scrolling on your phone.

The notebook in their drawer will quietly add another entry.

And one day, you’ll wish you had added more. 🙏

[Fundamental Investor ™ 🇮🇳 @FI_InvestIndia]

Dear FM Madam @nsitharaman ji,

I have said it before. And I'll say it again. Loud & Clear. I hope you read this. My audience will repost this until it reaches the Ministry.

LTCG of 12.5% on Equities is one of the Lowest in the World.

But there are a few issues:

1. LTCG was ZERO from 2004 to 2018. STT was introduced to offset the Loss in Revenue. It incentivised long term Investors to Hold on Patiently and enjoy Long Term Returns. I believe that Step was something Golden and rewards Long Term Thinking. FM Madam should reconsider this. Keep STT. Abolish LTCG. Consider Long Term Investors as a Partner in Growth of India.

2. STT is already taken for every transaction. This is a tax. Again putting Capital Gain, especially on Long Term Gains is not Ok. This is my Opinion. STT is borne by the investor irrespective of Profit or Loss.

3. We are not against Paying Taxes. In fact, we all Pay Income Tax, Capital Gains Tax, GST, Excise, VAT, Tax on Dividends and what not. The problem is the Freebies which are Distributed during the Elections. This is not at all ok. We don't want a single rupee of our Capital Gains to be used for Freebies. Please.

I humbly request the FM Madam to Abolish LTCG on Equities. Make the Long Term Period 24 months instead of 12 months. You will see Patient Capital 👍 We need Patient Capital to Drive Markets. Incentivise Long Term Investing Mindset.

For Indian Investors like me, the Pain is lesser. We will continue to Create Wealth. But what about our FII brothers & sisters. They also deserve to get minimum returns in Dollar Terms.

I feel for the FIIs who have suffered due to declining Rupee and they still have to pay LTCG on Rupee Terms. Something the FM Madam and team should revisit.

I think that it is a good time to implement this. FII no longer control our markets. Domestic Funds are consistent and plenty. If FIIs leave, let them Leave with Head Held High. That is our Responsibility.

India Structually is Brilliant. Let's make it Tax Friendly as well.

Patient Capital will Flow More & Stay, if these Steps are Taken.

A Proud Indian Investor,
#FI

[Muthukrishnan Dhandapani @dmuthuk]

Warren Buffett has been filing his income tax returns from the age of 13. He is now 95. Not only he is filing returns for last 82 years, he has details and copies of all the 82 returns.

When I was in US, lot of my free time was spent in local library. For a voracious reader like me, the variety and volume of books available were feast to the brain.

That's when I first came across Warren Buffett. I think at that time he was the richest or second richest person on earth. And he built it from the scratch legally. I found it difficult to believe that someone can become richest person in the world purely through legal means. That created a huge impression in me.

I made what my auditor then considered as a weird decision. From the time I started accumulating wealth, I began giving all the information to income tax department. For a few lakhs of rupees wealth, I started submitting cash flow statement, Profit and Loss account and balance sheet along with my IT returns.

My current auditor came into my life around two decades ago. He was surprised when he saw my previous returns with this much details. I explained him why I needed it that way. He was also surprised that from every single bank transaction to all financial transactions were entered and maintained in Tally. I was also keeping in box files all back up papers for each financial year.

Within few years of our relationship, he not only implemented this model for his family but also to some of his willing clients.

After I got married, my wife found it very odd to file income tax returns like this. Convinced her and implemented the same for her too.

Time runs fast.

By God's grace, we are wealthy.

But the interesting part is right from my first income tax return to last year - not only I've records of all IT returns, I also have original statements and documents for all financial years. It's all there in tally too.

I don't have a single rupee of black money. More than investing, in which I'm still a novice, I learned lot of life lessons from Warren Buffett.

I don't want to claim any moral superiority. For many people, especially in developed nations, this practice is very normal. Being honest is probably considered abnormal only in our country.

From my life, I'm convinced that it is possible to become rich through legal means. I'm now 53. If God gives me say another 20 to 25 years of life, I'm confident of creating phenomenal wealth, that too purely through legal means.

Warren Buffett says it is very important as to who you have as role model in life. I've few role models in life and probably he was the first to join the list.

Role model matters.

Building significant wealth through legal means is 100% possible.

[Naval @naval]

A man expresses love through duty.

[Balu Gorade @BaluGorade]

Personal finance advice:

Before investing, first protect yourself.

> Get health insurance with at least ₹10 lakh cover so one medical emergency does not disturb your finances.

> Get term insurance with at least ₹1 crore cover if your family depends on your income.

> Keep an emergency fund equal to 6-12 months of expenses for unexpected situations.

> Clear high interest debt like credit card dues or personal loans first.

Then start investing.

> Keep 4-6 mutual funds with different styles and experienced fund managers for diversification.

> Don't chase top performing funds. They keep changing every year.

> Avoid thematic bets unless you clearly understand the risks.

> Don't put too much money in small caps, as they can be highly volatile.

> Keep your SIPs running across market cycles.

> Step up your SIP amount as your income grows.

> Invest with clear goals like retirement, children's education, or buying a house.

Also:

> Add nominees to all your investments, bank accounts, and insurance policies so your family can access them easily.

> Keep insurance and investment separate.

> Keep at least 2 bank accounts, one for income and one for investments and insurance payments.

> A third bank account for daily UPI spending can help control expenses better.

Hope it helps. 🙏

Do tet me know if anyone actually follows this.

[Vivek @Vivek_Investor]

Doing a small good deed is better than visiting 100s of religious places.

[Naval @naval]

We’re searching for permanent satisfaction with an impermanent mind in an impermanent world.

[Muthukrishnan Dhandapani @dmuthuk]

In general, even among high income earners, let me tell you when someone reach a wealth of say Rs.3 crores.

Age in late forties to early fifties. Designated as Vertical Head or Senior Director or similar titles. CTC anywhere between Rs.60 lakhs to Rs.1 crore per annum.

Own a 3 BHK flat. Would have repaid home loan. Say 2 children in high school or college. A decent car mostly under company (employer) lease.

Mutual funds, shares, money in bank and Provident Fund - roughly around Rs.3 crores. In exceptional cases, close to Rs.5 crores.

This is general standard among high income earners in our country.

So don't fall for finfluencers trap of creating wealth of Rs.50 or Rs.100 crores is easy.

Except for extremely lucky or corrupt, making every single crore is difficult.

[Fundamental Investor ™ 🇮🇳 @FI_InvestIndia]

Dear FM Madam @nsitharaman ji,

I have said it before. And I'll say it again. Loud & Clear.

LTCG of 12.5% on Equities is one of the Lowest in the World.

But there are a few issues:

1. LTCG was ZERO from 2004 to 2018. STT was introduced to offset the Loss in Revenue. It incentivised long term Investors to Hold on Patiently and enjoy Long Term Returns. I believe that Step was something Golden and rewards Long Term Thinking. FM Madam should reconsider this. Keep STT. Abolish LTCG.

2. STT is already taken for every transaction. This is a tax. Again putting Capital Gain, especially on Long Term Gains is not Ok. This is my Opinion. STT is borne by the investor irrespective of Profit or Loss.

3. We are not against Paying Taxes. In fact, we all Pay Income Tax, Capital Gains Tax, GST, Excise, VAT, Tax on Dividends and what not. The problem is the Freebies which are Distributed during the Elections. This is not at all ok. We don't want a single rupee of our Capital Gains to be used for Freebies. Please.

I humbly request the FM Madam to Abolish LTCG on Equities. Make the Long Term Period 24 months instead of 12 months. You will see Patient Capital 👍

For Indian Investors like me, the Pain is lesser. We will continue to Create Wealth. But what about our FII brothers & sisters. They also deserve to get minimum returns in Dollar Terms.

I feel for the FIIs who have suffered due to declining Rupee and they still have to pay LTCG on Rupee Terms. Something the FM Madam and team should revisit.

I think that it is a good time to implement this. FII no longer control our markets. Domestic Funds are consistent and plenty. If FIIs leave, let them Leave with Head Held High. That is our Responsibility.

India Structually is Brilliant. Let's make it Tax Friendly as well.

Patient Capital will Flow More & Stay, if these Steps are Taken.

A Proud Indian Investor,
#FI

[சங்கர் Shankar குமார் Kumar @MPShankarkumar]

@Nithin0dha Adding YouTube channel link for other audiences https://t.co/948GtyPXxR

[சங்கர் Shankar குமார் Kumar @MPShankarkumar]

@Nithin0dha Nicely detailed 👍👏 .please segregate this video as trap1 ,2,3 n https://t.co/i2CPXck5wk people are fond of short videos. share the link of zero1 subscribe link.pls do one for retirement plan