Suresh Raman

[Muthukrishnan Dhandapani @dmuthuk]

Since people on social media are saying it is not difficult to create wealth of ₹50 crore, ₹100 crore, or even ₹1,000 crore, I thought of sharing a post I wrote a few months ago.

Aspire high. Understand the reality too.

Here is the post:

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

Age in late forties to early fifties. Designated as Vertical Head or Senior Director or similar titles. CTC anywhere between ₹60 lakhs to ₹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 ₹3 crores. In exceptional cases, close to ₹5 crores.

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

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

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

[Muthukrishnan Dhandapani @dmuthuk]

After the Korean War, South Korea was poorer than many countries now called poor. People ate barley when rice ran out.

The main export, for a time, was wigs and cheap shirts. There was no oil in the ground and no miracle waiting in the sky.

What changed was a hard bargain. The state said to firms: we will help you, but you must sell to the world. Miss the export target and the cheap loans stop.

So steel was made when critics said Korea could not make steel. Ships were built when the country still needed food aid. Roads and ports were treated as weapons of survival.

Families made a second bargain. A child would study until midnight because land was scarce and a degree was the only lift. The exam hall became as important as the factory floor. That pressure was cruel. It also produced engineers faster than comfort ever would.

Korea kept moving before the old job died. When sewing paid less, it made cars. When cars faced rivals, it made chips and screens. It learned from Japan, copied, then tried to beat the teacher.

The early years were not free or soft. Later came elections, unions, and a richer life. The climb itself came from something simpler. A wrecked people refused to stay wrecked. They treated work, school, and exports as national duty.

That is the insight. Prosperity did not arrive as a gift. It arrived as a country that would rather suffer a plan than accept permanent poverty.

[Ajeet Bharti @ajeetbharti]

One of the worst usage of AI is the fucking AI-based chatbots for simple apps like @airtelindia. At most you can pay for things that they are selling. If you have a query, you are fucked.

Across apps, solution is never provided. you are stuck in a loop of bullshit. You want to now your data usage over wifi, because they write 'unlimited' in 300 mbps plan and provide 2 mbps speed, you can never know!

Yes, router can give me that, but why the fuck do they even have an app and a chatbot!

[Suresh Raman @suri258]

@cbe_sam AI will cure cancer?

[TheLiverDoc™ @theliverdoc]

Homeopathy for mental health, is in the same line as tobacco for cancer prevention. Pure unadulterated nonsense.
Homeopathy has literally ZERO role in any disease prevention and management. Germany, the birthplace of Homeopathy recently booted it out of the public fund system.
All these "authorities on the dias" should be charge sheeted and put in jail for endangering people with mental health disorders and wasting large sums of public funds which can be used to build better schools and roads in India.

[Jaydeep @_jaydeepkarale]

AI made writing code cheaper. It didn't make engineering cheaper.

We spent years learning how to write better code.

Now AI can generate a surprising amount of it in seconds.

That changes the economics of software development, but I don't think it changes what good engineering actually means.

When producing code becomes cheaper, the expensive part moves elsewhere.

Understanding the problem. Knowing which requirements actually matter. Recognizing a dangerous trade-off. Designing for failure. Knowing when a simple solution is better than a clever one.

AI can give you five implementations.

It doesn't automatically tell you which one you should trust in production.

This is why I'm increasingly convinced that engineering judgment will matter more as AI gets better, not less.

A junior engineer with AI can produce a lot more code than before. An experienced engineer with AI can potentially make much better decisions, much faster.

But there is an important catch.

You still need enough understanding to know when the AI is confidently giving you a terrible answer.

The future probably belongs less to the engineer who can type the fastest and more to the engineer who can decide what deserves to be built in the first place.

[Dr. T R B Rajaa @TRBRajaa]

I did a small search on the JkTyre company that the TVK MLA asked to be shutdown. I know there is one factory in Kanchipuram District but did not know there was one in Ranipet District. So we did a search for major subsidiaries which could be manufacturing for @JKTyreCorporate but still couldn't find anything big and polluting.

Then I found out why I did not know about the "JKTyre company" near Ranipet.

Because...the TVK MLA is said to have called a tyre retreading outlet as "JKTyre Company" 🤦🏾

Now, one thing is clear one should not take anything said by the Tvk MLAs as hard facts just like their reels.

But, Wonder why their own govt acknowledged it and even defended it😅

For them a retail retreading shop seems to be a polluting Industry worthy of a question raised in the assembly, instead of asking the local authorities to take action. Is this the kind of "industry" they are going after!
Hope Not 🙏🏾

[Shivam Roy @shivamroy__]

According to andbhakts:

[Jasveer Singh @jasveer10]

If you are poor, your chances of doing anything truly innovative are probably very low.

Not because they are less intelligent. Because poverty doesn't leave much room for innovation.

Creativity is a baseline for any innovation, and creativity's first principle is that your brain needs less chaos and more stability. That comes from being financially stable.

Poor people are always in that state. Their brain is always in chaos.

Think about someone from the middle class or lower middle class - Their brain is occupied with tomorrow's work, food, rent, children's fees, a medical emergency, and whether there will be enough money at the end of the month.

Now take someone financially secure - Their basic problems are already solved. They have the luxury of sitting somewhere and thinking about problems that don't need to be solved today.

What can I build? Why does this work this way? What will exist ten years from now? What can I spend three years working on even if it fails?

Both people may have exactly the same creative ability. But one has far more cognitive bandwidth to use it.

The same applies at the level of families, companies and entire countries. Poor countries rarely produce breakthrough innovation either.

A struggling company thinks about next month's payroll. A profitable company can spend millions experimenting with something that may never work.

A poor country spends its energy solving basic infrastructure, employment, food and housing. A rich country can spend billions on semiconductor research, new drugs, AI, space exploration and technologies with no immediate payoff.

This may be one reason why so much breakthrough innovation comes from rich countries like the US. And of course, exceptions are always there.

It's not that rich people are inherently smarter. Poverty makes failure expensive. Innovation requires the freedom to fail.

[Suresh Raman @suri258]

@pattufreefincal I remember each and every word which you have said, following everything, hope one day I'll become independent like you.

[Muthukrishnan Dhandapani @dmuthuk]

It may not have been extreme poverty, but I’ve been poor in life.

Now I’m wealthy.

Money is definitely important.

From everyday struggles, all of humanity understands this.

Money will solve money problems, which addresses most of the problems any family faces.

Some personal insights based on my own experience:

It is true when someone says money cannot make you happy or give peace of mind. I’ll explain the perspective and context.

Peace of mind is a function of embracing uncertainty.

It is not easy to cope with uncertainty, but from my experience, unless we accept uncertainty, there is no question of peace of mind. It is not a question of whether you have money or not.

If you accept uncertainty, it gives some degree of detachment, which actually helps you enjoy life very well.

The moment we want something to last forever, relationships, things, experiences, wealth, health, add anything to the list, the fear of losing it becomes immense. When you feel insecure and fearful about the future, your suffering starts immediately.

If you worry about dying 10 years hence, you’ll experience the fear of death every minute until you die.

Anxieties or worries cannot be avoided.

But accepting uncertainty is the only way to manage our inner life better.

Occasionally I contemplate both mortality and fragility.

Instead of feeling depressed about it, I realise why living life well, to the extent possible, is very important.

You enjoy everything as long as it lasts, keeping in mind that nothing lasts forever, absolutely nothing.

[Gabbar @GabbbarSingh]

All of these are top schools of Gurgaon. Monthly fees goes up to 50-60k. First world housing & schooling linked by a 3rd world road. Gurgaon GDP is $30 billion. Can’t even have a basic road.

[Sumanth Raman @sumanthraman]

This is a real disaster for Tamil Nadu. With this one move the CM has shown that he lacks the pragmatism needed to make Governance a success. Does he have an idea how long the process takes to finalize a location for an airport? Chennai is already a backwater in India. This will push us back a decade even further.

People of Tamil Nadu must realise the mistake we have made. Whether it was Kalaignar or Jayalalithaa they were pragmatic. They may have taken political positions against projects but once in power they mostly accepted them with only a few exceptions.

This is looking more and more like a Tughlaq Government.

And the geniuses thumping their desks for the abandonment of a project is symptomatic of how Tamil Nadu is going down the tube.

Just furious....😡😡😡

[Suresh Raman @suri258]

@InvestRepeat Increasing income, most of the people forget this point.

[Arappor Iyakkam @Arappor]

எ வ வேலு மற்றும் அவர் மகன் மலைப்பாம்பாடி ஏரியில் இருந்து ஏழு பக்கமும் மண் எடுத்தது எப்படி ?

முழமையாக புரிந்து கொள்ள இந்த வீடியோவை பாருங்கள்!
https://t.co/1Sy7nX3YCZ

[Venkataramana Reddy @tirumuru_87]

I paid double digit lakhs as tax this year. I have no problems doing it. I filed a little late (on 3rd of August)because i got busy (my dad has not talked to me for two weeks for this anti national activity). Now these guys have sent me a tax demand for 730 rs. 730 rs which, if I do not pay in a month would be treated as some serious crime. I have no problem paying this either. But tell me, how does an honest tax payer feel when this sort of thing is done? I am going nowhere. They can easily adjust this against my returns next year but there is a demand and a threat of interest to be levied. The system is designed to harass people who comply while leaving a vast majority of non compliant people with no consequences whatsoever.

[THE SKIN DOCTOR @theskindoctor13]

Many years ago, I bought a TV for around ₹20,000 from an electronics shop on Rajpur Road, Dehradun.

The shop owner insisted on cash, explaining that if I paid by debit card, he would have to charge me an extra percentage to cover the transaction fee. Not knowing any better at the time, I simply went to an ATM, withdrew the cash, and completed the purchase.

With time, I realized what was actually happening: the shopkeeper was trying to pass the Merchant Discount Rate (MDR), the processing fee merchants are supposed to pay on digital transactions, onto me. By paying cash, I unintentionally avoided that extra charge.

Now, with the government introducing policy changes to allow MDR on UPI transactions, I wonder how this will play out for everyday consumers. Given that many businesses in India operate on thin margins, why would merchants absorb this cost rather than pass it along to customers, just like that shop owner did years ago? And if they do pass it on, why wouldn't consumers just switch back to cash to avoid paying a fee on the merchant's behalf? How can the government effectively ensure that merchants bear the MDR cost instead of passing it down to buyers?

[Aravind @aravind]

All knowledge already exists. Your mind is just a conduit. If you apply your mind and concentrate on a problem hard enough, the solution will appear. Or you can just meditate hard enough to access all knowledge, in Turiya. You can be Ramanjujan or the Buddha. The choice is yours.

[Aravind @aravind]

Beijing, China on Aug 2nd. After few hours of intense rain.

[Jan Suraaj @jansuraajonline]

आभार बांकीपुर🙏