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Every Life Tip in 1 Simple Paragraph!

Nothing related to investing or money here. This is something bigger. I came across a small 350+ words paragraph and couldn’t stop myself from sharing it. Its written by H. Jackson Brown, Jr. and surprisingly, I had never come across these words before.

Supposedly, this contains every life tip out there. Ok. That might be an exaggeration. 🙂

But its really worth it. Read it once – Twice – Thrice – Bookmark it – Or better still, Print it. Its that amazing!

Every Life Tip in 1 Paragraph!

Edited to add: I am breaking this paragraph to increase readability.


 

Be brave. Even if you’re not, pretend to be. No one can tell the difference.

Don’t allow the phone to interrupt important moments. It’s there for your convenience, not the callers.

Don’t be afraid to go out on a limb. That’s where the fruit is.

Don’t burn bridges. You’ll be surprised how many times you have to cross the same river.

Don’t forget, a person’s greatest emotional need is to feel appreciated.

Don’t major in minor things.

Don’t say you don’t have enough time. You have exactly the same number of hours per day that were given to Pasteur, Michelangelo, Mother Teresa, Helen Keller, Leonardo Da Vinci, Thomas Jefferson, and Albert Einstein.

Don’t spread yourself too thin. Learn to say no politely and quickly.

Don’t use time or words carelessly. Neither can be retrieved.

Don’t waste time grieving over past mistakes. Learn from them and move on.

Every person needs to have their moment in the sun, when they raise their arms in victory, knowing that on this day, at his hour, they were at their very best.

Get your priorities straight. No one ever said on his death bed, ‘Gee, if I’d only spent more time at the office’.

Give people a second chance, but not a third.

Judge your success by the degree that you’re enjoying peace, health and love.

Learn to listen. Opportunity sometimes knocks very softly.

Leave everything a little better than you found it.

Live your life as an exclamation, not an explanation.

Loosen up. Relax. Except for rare life and death matters, nothing is as important as it first seems.

Never cut what can be untied.

Never overestimate your power to change others. Never underestimate your power to change yourself.

Remember that overnight success usually takes about fifteen years. Remember that winners do what losers don’t want to do.

Seek opportunity, not security. A boat in harbor is safe, but in time its bottom will rot out.

Spend less time worrying who’s right, more time deciding what’s right.

Stop blaming others. Take responsibility for every area of your life.

Success is getting what you want. Happiness is liking what you get.

The importance of winning is not what we get from it, but what we become because of it.

When facing a difficult task, act as though it’s impossible to fail.

— Jackson Brown Jr.


Amazing. Isn’t it?

Jackson has written a few volumes of interestingly named book Life’s Little Instruction Book. And as after reading this one paragraph I couldn’t stop myself from sharing it here, after a second reading I couldn’t stop myself from ordering this book. Lets see if it does live upto the great expectations I have now. 🙂

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Life @ 13.99%

Many people take loans for various reasons. Some take it  for unavoidable reasons and others for avoidable ones…or for ones which can be easily delayed, like vacations, purchase of electronics, luxury watches, etc.

But before you read further, I would request you to understand that I am not against those who take loans. Everyone’s needs and situations are different. Even I have taken loans in past.

Since last few days, the following image is popping up on the website of a large private bank whose services I use to conduct my financial transactions.
Personal Loan - Vacation
As you can see, the bank is telling you few important things…

First is that ‘Life is waiting’. And that is a fact. Nobody can be wrong by making such a statement. There are so many things to do in life that sometimes I feel one life isn’t enough to fully experience life. 🙂

Now second thing to observe is that the image above shows a couple enjoying vacation in Europe (probably). Now a decent European vacation for two costs around Rs 4 Lacs. This picture pops up just before one logs into bank’s website. Therefore, my assumption is that bank is showing this image to everyone irrespective of whether person logging into bank’s website is or isn’t a suitable candidate to pitch such visual advertising to sell loans for luxurious expenditures. 

It means that bank does not take into account customer’s past average balance, repayment histories before making the (very first) pitch for the personal loan.

Once again, I am not saying that one should not take loans. But vacation is something which can be delayed. Or should be planned well for. Vacations are generally not spur-of-the-moment decisions.

So it is better to plan for them from the very day the final decision is taken. Isn’t it? And some people actually don’t want to take loans for such discretionary spendings. They plan well and well before the day funds are actually required. Just sometime back, I received a mail from a reader to help him plan his funding of a trip to Dubai he wanted to gift to his wife.

For the time being, lets not judge whether what bank is doing is correct or not. Bank can anyways justify its marketing actions by saying that there are proper processes in place for approving loans to check suitability of candidate.

And they are right in saying this. They can also give an example that there are no checks on who sees the hoardings on sides of highways offering home loans for budget(!) homes costing 1+Crore. Once again they are not wrong.

This brings us to a possible conclusion that onus and responsibility of applying for loans of any kind lies with customer and not with bank. 

Bank only evaluates suitability of the applicant and then decides to lend or not to lend to him / her. Bank is there to lend you money for all your expenses. But it is for you to decide whether you need to take a loan for something which is as discretionary as a vacation, or something which has the potential to generate future wealth like property or commercial vehicles. 

Always have limits to how much you will borrow and for what reasons you are willing to borrow. Because eventually, this will be a major determinant of whether you will be rich or not.

By the way, I feel that banks are generally ready to give loans to those who don’t need it. What do you think? Also, if you have any stories about your loan related experiences which you think will be beneficial for others, please feel free to share the same in comments or drop me a mail at stableinvestor@gmail.com