The biggest mistake in the “de-dollarisation” debate:
Everyone wants an alternative currency.
Almost nobody talks about the payment rails.
A currency becomes powerful when the world can invoice, transfer, clear, settle, borrow and invest in it.
The dollar has an enormous ecosystem behind it - US banks, correspondent banking, dollar-clearing networks, Fedwire, CHIPS and deep capital markets.
You don't replace the dollar by printing another currency.
You replace the ecosystem around it.
@Fintech00 5k to 10k SIPs a month is useless.
30k is a decent amount. You're saying this -
1. To reduce the liquidity in the market
2. Have no knowledge of how SIPs work in the long run.
You decide which one amongst the 2 you belong to.
Yes. I feel pity for people
- who change cars after they are done with their EMIs.
- Upgrade to a new phone every year.
- purchase new clothes every other month.
Why do you need such a lifestyle? Most of the wealthy folks I know live a comfortable lifestyle without splurging a lot. They drive good reliable cars, don't check their dmat account at all. They fund their kids educations comfortably.
Aspire to life a frugal, meaningful and peaceful lifestyle instead of chasing constant adventure.
@hariniv2505 Most of my formative years I have spent in BLR. I speak Kannada and Telugu very fluently. Found myself to be comfortable in KA even when I keep visiting Hyd very often.
Initially I thought it wouldn't be as good as OxygenOS. But boi, I just loved the new update. It's very fluid, no glitches and surprisingly, the battery life improved a lot. Easily getting around 2.5 days on a full charge.
The only issue is the glass themed notification tray which I hate. The previous one was better. They should have given the option to disable this glass/liquid theme.
@SandeepMall I wear my coros just for my runs and gym. For the rest of the day I use my regular casio or other analog watches. Honestly, this is the best decision I took in recent time.
These days, anyone and everyone with an open Instagram account calls themselves a content creator. If it's out of genuine passion, then fine. Otherwise, you should question whether it is really necessary to spend so much time and effort when it doesn't give you anything in return. You should also ask: if content creation really makes you big bucks, why aren't most content creators making big money?
Focus on making more money. The rest would fall into place. Take a coursera subscription and start learning new things. Don't waste much of your time optimising your credit card spending. Frankly speaking, they don't matter much. Invest the leftover in a mutual fund and you're sorted.
Finally someone said it. My only vacation (within India) is when I have a race to run - something that I love doing. I have been to Singapore and Malaysia and that's it. Never travelled anywhere after that. I somehow feel, I can spend that same time over here making my life better.