Rishav mitra

[Nature is Amazing ☘️ @AMAZlNGNATURE]

these chickens got their own village in China 🙏😭

[Interesting AF @interesting_aIl]

Imagine hearing a snap and the bat isn’t broken

[Nature is Amazing ☘️ @AMAZlNGNATURE]

In Istanbul, a mother dog brought her puppy, whose heart had stopped due to the cold, to the veterinarian.

[Buitengebieden @buitengebieden]

The Kagu, an almost extinct bird, meets its own kind.. 😊 https://t.co/gagtgxhJRg

[Georgie Parker @georgieparker]

Guys, Pat Cummins is 6 seats away from me. I am not okay.

[Interesting AF @interesting_aIl]

I’ve never seen as much body control as this

[Akshat Shrivastava @Akshat_World]

[1] We have 80Cr people who depend on Food subsidy in India.

(Kills incentive to work)

[2] Some states have announced UNEMPLOYMENT allowance to unemployed youth

(Kills incentive to work)

[3] Every year, 100s of crores are spent on subsidies for a wide sections of the society

(Kills inventive to work)

No one bothers about: CREATING opportunities, so that people can live a dignified life.

Vote bank wants free stuff
The government wants to give it

In the middle are you: paying the price.

[💚💚🇷‌🇦‌🇾💚💚 @kay_K_nwa]

@AMAZlNGNATURE Everyone needs this ❤️

[Andrew Tate @Cobratate]

I’m gonna give 30 random people that repost this and follow me and @Pulte $1,000 ($30,000 in total) I’ll pick the winners in 72 hours.

[Nature is Amazing ☘️ @AMAZlNGNATURE]

We are destroying this planet beyond belief and kiIIing everything on it.

This picture breaks my heart..

[Nature is Amazing ☘️ @AMAZlNGNATURE]

Quetzalcoatlus northropi model next to a 1.8m man. The largest known flying animal to ever exist.

[Fascinating @fasc1nate]

In 1990, the windshield of British Airways Flight 5390 came off at an altitude of 17,000 feet. This triggered a sudden decompression in the cockpit, resulting in the captain being partially ejected out of the aircraft.

As luck would have it, Nigel Ogden, a flight attendant, was on his way into the cockpit at that moment. He managed to grab hold of the captain and maintain his grip for over 20 minutes while the copilot attempted an urgent landing.

Although the majority of the crew presumed that the pilot had already lost his life, Ogden did not let go.

There was a prevailing fear that if Ogden did release his hold, the pilot's body might strike the plane's engine, wing, or stabilizer, causing even more chaos.

All Ogden knew was that the pilot was gradually slipping more and more out of the window and his head was continuously being battered against the airplane's body.

Finally, after a distressing 20-minute flight with a gaping window, the aircraft was safely brought down at Southampton Airport. In the course of events, Ogden suffered from frostbite on his face, damage to one of his eyes, and a dislocated shoulder. In a miraculous turn of events, the pilot survived the ordeal, although he had frostbite and multiple fractures on his arms and hands.

The image is a recreation from the television series "Mayday!"

[Mufaddal Vohra @mufaddal_vohra]

Pat Cummins said, "I just wanted to go back to being a kid. Just no one knows who you are, you're just a son. I remember that for those 2 weeks I was thinking, I don't want to play in front of a million people, I just want to be the kid who's sitting with Mum and Dad". (The Age).

[Carl ₿ MENGER ⚡️🇸🇻 @CarlBMenger]

Last but not least, you should thank yourself for not listening to the countless #Bitcoin  doubters and naysayers.

Congrats to those who stacked through the bear market. Fucking legends.

[HOW THINGS WORK @HowThingsWork_]

This is how a toaster worked in the 1920s 🍞https://t.co/pqhKy6yBUR

[MoneyTalkWithL @LarissaFernand]

Learnt something new today.
HENRY — High Earners, Not Rich Yet

It is for those who don't fit into:
FIRE - Financial Independence, Retire Early

Which one best describes you?

[Muthukrishnan Dhandapani @dmuthuk]

Preserving wealth

“The father buys, the son builds, the grandchild sells and his son begs.” says a Scottish Proverb.

The Chinese have a saying, “Fu bu guo san dai”, which means wealth never survives three generations.

Traditional wisdom holds good for modern days as well. I come across data, articles and stories in this regard.

It is very difficult to be rich. Only 1% can be in top 1%. According to Credit Suisse if you have more than Rs.5 crores, you are among top 1% of the world population. A million dollars (Rs.6.5 crores) puts you in top 0.7%.

We have to get rich only once as long as we don’t do anything foolish. As both investor and advisor, our focus is always on avoiding permanent loss of capital and at the same time to grow wealth at a reasonable rate.

Ben Carlson in a recent article points out that about 70% of people who receive a financial windfall lose it within a few years. Also nearly 80% of NFL players are broke or bankrupt after being out of the league for two years. Sixty percent of NBA players are broke after being out for 5 years.

If you are interested like me in studying about wealth, there is so much of information and data available.

The above example shows how difficult it is to stay rich in our generation itself. I’ve also seen people lose their wealth by taking unwanted risks.

I came across an article in Time magazine. It says that 70% of wealthy families lose their wealth by the second generation, and a stunning 90% by the third generation.

Out of the people who get rich, not all stay rich. Even amongst those who are able to stay rich, 70% lose it in second generation and by third generation it becomes 90%.

One way to minimise such happening is to teach children and grand children the value of money and the art of money management. There is no such thing as easy money and by design only few are endowed with good wealth. If we don’t value something we have, it would start slipping away. Not to talk us up, but having a financial advisor who can be a mentor and coach would definitely help.

This should also make us ponder over giving, as part of wealth management. Not all focus on giving as much as saving and spending. We all create wealth because of the opportunities provided by the society and we need to give at least something back.  In our case, our family has decided to allocate 10% of our wealth for charity when I turn 60. There is no hard and fast rule for giving. But we thought 10% is the least we should do.

Like all things in life, wealth is also ephemeral. By teaching next generation, you can at least prolong it. By giving, you can make positive impact in the life of less privileged.

Some points to ponder for the weekend.

(I wrote this piece in 2017)

[News Algebra @NewsAlgebraIND]

Several battles fought for the Delhi throne from Mahabharata era to Mughal Era.

How Delhi's demography changed over the years?

1881 : HINDUS - 55%, MUSLIMS - 42%
1921 : HINDUS - 52%, MUSLIMS - 44%
1941 : HINDUS - 62%, MUSLIMS - 33%

1951 : HINDUS - 88%, MUSLIMS - 7%
2011 : HINDUS - 82%, MUSLIMS - 13%, SIKHS - 3.4%

[Keh Ke Peheno @coolfunnytshirt]

Arre.. rahul gandhi.. nitish kumar 😂

[Hamza Siddiqui @iamhamzasiddiqi]

@Politics_2022_ SRK personally went to Qatar and pleaded for the release of 8 naval officers directly to the emir of qatar .
What a man

Where everybody fails , SRK took upon him & ensured release.

What a Nationalist ...

Gem of india 🇮🇳