You are young and healthy. You want to splurge on the latest mobile phone, an expensive watch or a large screen TV. Saving is not your priority and financial planning is not on the top of your mind. Well, the biggest mistake most youngsters, like me, make is not talk about their finances and investments. Remember the more you delay things, the more you will have to save monthly later on. For example, if you are 20 and want Rs.5 crore by the time you are 60, you will have to save just Rs 4,207 a month for the next 40 years, assuming the rate of return is 12 per cent. If you are 25 then you will have to almost double your savings, ie, Rs. 7,698 every month for the next 35 years. It is, therefore, important to understand the need of saving regularly from the beginning. Here are a few tips on how you can manage your finances better.
You see, when I was 10, my parents took the monumental decision of making the shift from Chennai, the city I was born in, to Mumbai, a city I had heard of mostly in movies. Leaving behind the Tamil-speaking, lungi-clad populace of Chennai, I felt lost. It had never occurred to me before that there was anything out of the ordinary about being from Punjab and growing up in the opposite end of the country. I ate vadais and pappadums at the neighbours’ house and wore pattu-pavadais on festivals. I went to a school where P.T. teachers ran around wearing crisp silk sarees and kicked the ball with the ease of one wearing football shorts. I was more coconut water than lassi; more Rajnikanth than Honey Singh.
Like many Indians, I looked up to Dr.Kalam and he served as my inspiration to live with dignity and respect the dignity of labour. And it should not come as a surprise to many that ever since his sudden demise there has been a large outpouring of grief from all quarters. People from walks of life loved the man he was, he was the “Peoples President”, Bharat’s Ratna.
However, there is something that irks me to no end. And I’m afraid to say that whenever I think about it I’m filled with a lot of rage. Recently my social media feed has been flooded with posts condoling his demise, which is fine by me. But here’s the thing, people are trying to convey how Dr.Kalam died doing what he loved most by comparing his death to that of Paul Walker’s. I do not have an iota of doubt that Dr.Kalam loved teaching and reaching out to millions of students across the length and breadth of this nation.