Power of Compounding

“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
Albert Einstein

compounding imageYes, you heard it right. These words were quoted some generations back, but it is as modern as today’s technology. I am sure, it isn’t that difficult to understand from the financial aspect, but the real problem has been, it’s awareness and it requires discipline to implement. That’s why there are very few on this planet that have been able to understand this concept and not to mention they have been reaping benefits, as a receiver from ages.

We are highly driven by our tendency to focus on complex things and unfortunately that goes with our finances too. Having said that, we are lured to get rich quickly methods, we fall for some fancy taglines without realizing what’s the real deal. This makes us vulnerable and we pay for our lack of understanding. I am not being antagonist and there are some really good financial opportunities available, however, it is the question of identifying the right one or else things get complex and we end up bearing the dead stock or a dead investment in the process. On the other hand the concept of compounding or earning compound interest is very simple, it does not require too much of thinking and can be easily planned.

PatienceAnother aspect is our short-lived patience, corresponding to the ill-effects of this fast paced world. Today we look at devices to help us almost on everything, we are stationed at one place, but things work around us, round the clock. Perhaps we could have such devices, created to stabilize our patience level as well because compounding is the pure product of patience.

If I go by what Albert Einstein said, I was on the payer’s side earlier, because I lacked understanding then and did not realize what compounding can do for me, but now I am in transition of becoming a receiver. I believe that money can never be enough for anyone of us, there is no end or limit that we can bring in our purview and label it saying,” this is enough”. You always would want to have another zero attached to the figure that you have or earn today.

So what did I do to make it work for me?, I decided to play with my apprehension for things and especially for money, I understand my spending habit too well, If I have got 100 bucks in my pocket I will ensure to do everything and anything to spend till the last penny lasts. However I knew this would not go for long, Hence, to make it work, I decided to set a certain percentage of money aside every month, ideally a very minimal amount that. Next thing I did was to have this amount removed from my bank account on the 1st of every month the moment I get paid like I never earned it. Similarly I created two more such buckets (investment plans) which comes from renowned financial institutions and they provide all the service to my doorstep, literally there is nothing I need to do it, All I have gotta do is ask. Sometimes you got to play with your mind like I said small things do not matter for the majority of us, especially when it comes to money. So setting up your investment in small buckets is helping me and I don’t feel the pain of parting away with the huge sum of money at one time. But it gradually set to grow into a big amount. The wealth created in this process is without taking any risk,

Now it has been several months, although I am a novice, I intend to continue this run for a long-term until these small buckets become large bath tubs compounding over the years to come. Well, it does not stop there. The reason is, these small investments are mostly in the form of recurring deposits or variable deposits termed for a certain period of time. You can rely on banks to create it for you and it does not require too much of an effort, you just have to give them consent for automating such transactions and they shall be happy to execute it. Finally, once your investments or savings matures added with the considerable sum of interest, you would have a decent amount of money to set it for real compounding. And the real compounding is to set that accumulated amount in the form of fixed deposit for several years and see your money growing. You have got the right to achieve your financial freedom
In case if you think, you are too weak to stay disciplined to let your money compound this way, you can ask your organization for some help. Now a days, in fact, many organization have introduced different schemes or fund where they compulsory deduct certain percentage of money from your salary which goes towards these funds, it follows the same principle of compounding and the best part is that you are not allowed to withdraw it for immediate use, it is only when you change the organization or after certain stipulated time frame like 5 yrs or so, you are entitled to receive it.

Dear Readers, I hope you enjoyed reading it, more than that I wish if it serves to be useful. Mostly, my source of information always has been the books that I read. This time, it came from, Tony Robbins, a strategist (that’s what he calls himself). He has recently written a book named ‘Money:  Master The Game – 7 Simple Steps to Financial Freedom’. The steps mentioned in this book are very simple to follow and the outcome is certainly awesome. Possibly you may have heard about him if not then I would recommend getting your copies today off the shelf or enrolling yourself to his seminars. He is a successful man, when I say successful; it is not because of the money he has made, but the kind of work he has been doing to make human lives better. His principles or rather his strategies on various subjects can be used at any stage of your life. All you need is the power to decide for yourselves because he believes that as humans we are gifted to choose and decide. According to him, Man’s destiny is shaped from the moment he decides. My life has changed largely by adopting his techniques and I am sure this would work at any given situation.

Note: My intention is not to demean or disregard your saving methods but to draw your attention what is available in your hands and easy to start.


Find your way out….

Find your way outThat was me, two years ago, who had no knowledge about the work that I do today. Sometimes people are afraid to change and often prefer to do what they have been doing for so many years. I wasn’t an exception until I was hit by a wave which took me off the part of an ocean where I loved being in, and found stranded on the shore I never knew before. It was a new experience for me, I never even thought in my dream to be in such a situation like this, not at least for what I did in life. But I guess that’s how life is. My heart was sinking and just when I felt that all the doors were shut and my journey has come to an end, That’s when something happened which taught me that It is not the end but the new beginning.With not much in hand to do, I found creatures, some different, some known that lived with the same plight and shared the similar fondness to the place where they came from. I kept wondering, here and there, looking for a solution, hoping to sail back somehow.

Fortunately, I met a few of them who shared similar interest and soon we became good friends. I had all the time in the world and an opportunity to explore. I had two options there, either to continue living in disgrace or to make my life more meaningful inviting changes that may lead me to  a new direction. As expected, I chose the latter. I started to explore and evaluate as to what this given condition or a situation has to offer. My pursuance started with too many ‘ifs’, what if this does not work out, What if I am setting myself for another failure, What if this expedition is not fruitful, What if……?

The days passed by and while I was still in the process of exploring, I saw my friends making their way out to sail again.  For a moment, I felt disappointed for having no one around me,  but at the same time I was happy for them to receive the opportunity and start again.  In the end, each of us, have to be on our own.

This entire situation turned out to be a blessing in disguise and hopes began to flourish again. I did not stop there and kept my search engine on and on…… The process of exploring and taking up new activities to find my way back helped me discover new talent and learn new skills which could have only increased my chance to sail again. Although, this time, I did not limit myself to the desire of sailing back towards the same direction, where I came from. This newly found me was ready to take up challenges and survive new waves of life.

Finally, my perseverance got paid off and the attributes that I had developed got me into that I feel proud to be a part of it today. Although the direction has changed, but I am living with this newly found passion, had I been limited earlier? I could have never had a chance to be here today.

For all the readers – This is a small snippet from the chapter of my life, where I was the protagonist. Many a times we are drawn towards the situation or a thing we never want in our lives. But the fact is, You cannot expect things to fall in place all the time. Sometimes it deviates to an undesired degree. The point is, that you cannot simply sit and do nothing about it. You may evaluate and wonder what did bring you into such situation, but at the same time, think about confronting it and building new avenues in the process which can make you a better person or perhaps may offer you something which you may not have even dreamed about. This has happened with me and can happen with any of us. Don’t just live with it, because you have all the power to change it and make it better.

On a different note: If you are a voracious reader, you may want to lay your hands on some of these. As a reader, I ensure to make my commute purposeful, I prefer feeding my mind with different reads. I am personally a fiction lover and I am fondly in love with Jeffery Archer’s work.  I deeply recommend his latest work on ‘Clifton Chronicles’.  This series began in 2011 and perhaps still continuing because I have not finished 2015 edition – ‘Mightier than the sword’ (don’t like to read the last page first). You may want to lay your hands on the entire  ‘Clifton Chronicle Series’

Wreck your brain, I just did mine……(Just for fun)

funnyWell, this is going to be the most offbeat post, perhaps I never intended to do. Somehow this seemed to be waiting for a very long time. Yes, you guessed it right, I am trying to be spontaneous. “He is a joke”, I just heard you, and I want me to be perceived this way, but mind you, only for this post. Who knows, I may ever write it again and still try to limit you guys to its extent. Never mind, I would not bother about that right now. Let us begin, just in case if you have not closed on me yet, but before that let me warn you, things that you are going to read further will have utter bullshit and nonsense stuff. I promise you, you would regret it the most, it is perhaps one of the stupid technique I may have used on this platform. Still not convinced, want to read anymore, that’s completely your choice now. Let me quickly place a disclaimer on this blog, probably somewhere in the mid of the sentences, no, no, absolutely no, told you I am really messing here and tarnishing my image here, where should I place it, yes right, once I finish writing. Sorry Disclaimer, you will have to wait for your turn, no.. no… don’t  cry, it’s all fine. See, I don’t like kids who don’t listen to me and act dirty. What did you say, Am I dirty? think twice before you call me, huh….phew, I am back, just had disclaimer claiming, Have I turned you off. Oh Gosh! I knew this was coming, Little Shark has jumped out of the tank to say hi, Well, being a sober gentleman I did say hello, but that was it, Now I see myself in its stomach and could literally feel its ribs tickling my back. Goodness Gracious, Little Shark has just eaten me, bloody hell, lucky my laptop had a tiny cutter. Now I can slit the skin open and I will be free. Alas! I am free, what a wonderful feeling, I never hoped to see myself back out here. What next? you still there, yes, I see you. Don’t worry I am as brave as my uncle’s turtle. I just did it with so ease, butter on bread huh… Why am I naked, bloody hell, I see my clothes hanging on dead shark’s tooth, that’s a quite pointed one..too easy, I just got it  back, you still there, close your eyes, you should not have seen me like this on the first place. Never mind, I require just little over a minute to get dressed. This is my Happy Birthday suit. (Have Fun)

Time to read a book…..

I-love-booksHello everyone,… I hope you all had a wonderful day and really hope you all have got things done perhaps the way you wanted today. To start off, it wasn’t the best day for me courtesy my health issues. When I woke up this morning feeling extremely feverish and felt completely immobile. I quickly messaged my boss for my unexpected absence at work; well you cannot plan a day off due to health issues, but guess some people are good doing that. Seldom health related issues make me very impulse because I hate doing nothing and just lying on the bed. With God’s grace and the way my Mom has taken care of me since birth, I don’t fall sick every now and then.

First thing first, I quickly saw my doctor hoping to get some miraculous tab to get over this adversity. As usual, for my wellness, Doctor advised me to take some rest.  Now I was left with an entire day to go and absolutely no activity planned. Oh God! This was getting painful than the fever I had. Later on my wife’s strict directives I was forced to stock on the couch like a potato sack, perfect couch potato act for me, and absolutely no access to my laptop or a phone to fiddle with, an order I could not even think of disobeying, after-all it was coming from the President of my house and I love her for that. However I fought for my rights to watch news updates on TV for some time, but that was turned down with no sign of remorse. For a moment, I felt being unwell is a punishment same as that of the con man.

Later I was delighted, as she could not turn down my request to read, a book, absolute source of unlimited treasure which runs for a lifetime. Then I realized how foolish of me that was to place my plea to watch that idiot box over a book. While I was capturing all these moments, I could recall the first book that I had read, I vividly remember that moment when I started reading (other than school or college books) and I deeply thank my same friends mentioned in my earlier post who introduced and motivated me to take up reading. When I look back today perhaps 15 yrs or so, I feel, what if every single one on this planet picked up reading at least in their leisure, this world would have had been a different place altogether to what it is today.

No matter what kind of reader you are, fiction or non-fiction, you get better and better.  I must admit that this is one habit I have no regrets getting addicted to. Personally I love fiction and I am a big fan of authors like Jeffrey Archer, Dan Brown and Paulo Coelho. I started off with Paulo Coelho and my first book was The Alchemist, absolute master stroke, followed by the books like ‘Eleven Minutes’. I also loved Dan Brown’s masterpiece ‘The Da Vinci Code’ which later turned into a movie starring ‘Tom Hanks’, ‘Deception point’  and Angel & Demons, few more to name. Off-lately may be since last 5-6 yrs I found myself tilting towards Jeffrey Archer, I remember my colleague had introduced me to him, not literally, but she had a huge collection of his books such as Kane & Abel, False Impression, A Prisoner of Birth etc. In case if you have not read it so far I would suggest grabbing one to read and sharing your experiences here in the comments. For any beginner, I would suggest starting with Jeffrey Archer’s book, his articulation is simple yet effective and will keep you glued all the way through. Most of time when you try to develop this habit and you don’t pick up a right book, which does not fit your appetite as a beginner, you tend to lose interest and that has had happened to me as well, but somehow I had the company of my friends to bring me back into it . Currently, I am reading Clifton Chronicles and have each and every copy of this series all thanks to Amazon for making it available on your doorstep. For more options, you may want to read some e-books such as Sherlock Holmes Mysteries, The Holy Bible To Be Fact (my friends favorite), Reincarnation of Abraham Lincoln.

Today I feel, as a reader, I am not as voracious as I was when I had started. Ever since I left college, like many, my focus was more towards the career and job I got into, and later this got extended to my family post marriage. Nonetheless, I still feel lucky to keep this addiction alive today. I read during my commute or when I have some free time over a cup of coffee. How do I do that? Simple, all thanks to Amazon and Kindle, for keeping the supplies on, as and when I need it.

I would love to see your feedback, views, and suggestions coming which help me to achieve my objective as stated at my introduction. The one you see above is ‘as is’ articulation of what happened yesterday.

P.S.: By the way I could get hands on my laptop yesterday evening, but was too late to publish it courtesy my wife’s early realization.

Friends, who are brothers

I met my friends over a glass of beer….hmmm… whisky…. huh…wait a min…. over few glasses of drinks sounds perfect. This is how my thought process waved yesterday figuring out the route to reach back home. It is one of those days that I pursue as if it is not going to come again. And yesterday was no exception. It was due for a long time, I would say for at least 5 months, we did not see each other. By the way, I am talking about my friends before any of you mis-figure it to someone else. They are very modest and god fearing personalities. They are identical yet unique, They are two, and they are twins, my best buddies. They lived in the same town earlier and meeting them was not a challenge, We never required any planning, Any of us would drop in each other’s house and we were on, only listing towards crazy things. Although I must admit that I was the most frequent visitor, sometimes unwanted. Ever since they moved things have changed and distance has gained it’s relative importance. All these years our friendship has strengthened and never did it fall prey to constantly changing situations around us.

So guys meet Jim and Ben, Jim is the elder one, the first one to step into this world followed by Ben. As they are twins, one would find a lot of commonalities between them behavior-wise, apart from the extreme similarities that they have for looks. For an outsider, Jim would appear to be shy, serious sometimes and “I have no time to waste” types, but in reality he is a funny bone especially after few drinks. One must have patience and spend some time to know him first and then it would be a real treat. He also happens to be the first guy that I met on the very first of college and since then, here we are today. On the other hand, Ben is a bit outgoing and expressive personality which makes him a bit of risk-taker too. They love watching movies, read sometimes, are spiritual, choosy when it comes to their attire and are a good team where I found my place. Most importantly they are good souls with a big heart, living gracefully with no intention of harming anybody and face life the way it is. It has been awesome 18yrs with them and I wish to continue many more such years. Even in difficulties today, we have managed to stay in touch and each time we meet, it creates a unique experience only making us eager to meet again.

I love talking about them but choose to leave some aspects for later. Until I see them again……..  

Readers, please feel free to reply, leave a comment. Your views/suggestions will make my blogging better as I progress.

Hello People…..

I am a new kid in the blogging block. Although blogging has become a most common phenomenon, but there is a certain amount of uniqueness that sets aside each and every blogger around the world. Not too long ago, blogging for me, was some kind of difficult task and I always believed that only renowned people in the world can blog or perhaps it requires certain level of explicit qualification to start off. I know, it is as stupid as it can get, but I am finally here, all prepared to contribute and explore some wonderful thoughts. This is going to be my first official blog which is not more than an introduction, but I am very excited to roll things up quickly and maintain my presence here. I must tell you that I really had some hard time selecting my website address (setthingsaside.wordpress.com) as most of the titles were already taken. Well, this suggests that there are so many like-minded personalities around the world, it would really be great fun to explore thoughts here. The title; “setthingsaside”, is because I would literally set things aside when I begin to write here so that nothing can disturb me to express and contribute here. My topics are going to be very simple that covers various facets of our day-to-day life and living. The reason I choose to blog about such topics because I believe, we, as a human being, have a tendency to ignore and miss simple things in life which most of the time sum up to become chronic and complex to deal with. I hope to deliver with best of my ability and I would love to have your views/suggestions/feedback as we move along. Ultimately, I would like to thank word-press for such a platform and an opportunity to express.

So, see you all again