21 Financial Resolutions for 2021 (and 20 Things We are Leaving in 2020):

21 resolutions for 2021

Spend less than you make, period

Work with an advisor to get a formal financial plan

Own the world: diversify within and between asset classes

Splurge, but only infrequently to maximize happiness

Read at least one book per month

Invest in your mind and skillset

Spend money in ways that increase happiness: charitable giving and time with loved ones

Automate every part of your financial life

Teach someone else about the power of saving and investing

Learn to savor and appreciate what you already have

Save at least 1% more than you did last year

Check out your credit report

Declutter: get rid of everything you don’t use or love

Make a (realistic) budget

Track your net worth

Make one extra mortgage payment

Create a “vision board” with your three top financial goals

Make bite-sized financial goals with rewards for completion

Choose experiences over stuff

Rebalance at least yearly

Have fun and buy things that matter to you - you can’t take any of your money with you!

Beliefs affect behaviour

Bad behaviour can have detrimental consequences with wealth building

Being aware of your own innocent beliefs is powerful, but only if you apply this knowledge

A thread inspired by @GeorgeDKinder and the @KinderInstitute

1. My self worth is based on what others think of me

Some people define themselves based upon how they guess others see them

When they are convinced that others think poorly of them, such people lack the self-confidence necessary to consistently take action

2. My past = My future

If some people experience a series of setbacks they assume their goals are not achievable

Over time they become dispirited & discouraged, then they avoid situations where failure is a risk

As any significant effort entails risk, such people are then unable to make significant achievements

3. My destiny is controlled by the supernatural

The belief that status in life or even potential as a human is determined by luck, fate, or divine intervention, can rob such people of initiative, making them passive as they wait for "luck" to change

🚨FINANCIAL TRUTH: ANTIFA🚨

antifa thugs have been looting and rioting across our nation for several months now.

who sets up and funds these riots?
what is the purpose of them?
who financially benefits from them?

let’s take a deep dive👇🏽

Jim Traficant US Bankruptcy FDR sold USA to the UN International Bankers IMF-

FDR was a Traitor who gave our Sovereignty to United Nations Banksters IMF under The Federal Reserve Act

Dissolving American Sovereignty and our Constitutional

VW LOOKS INTO THE VALLEY OF DEATH

The disruptive threats Herbert Diess saw coming for big, incumbent automakers soon after he took over the top job at Volkswagen Group are playing out as predicted -- only faster and in more dramatic fashion


In an interview, Diess said additional cost reductions and a speedier overhaul of the German industrial giant are vital to withstand new rivals with superior financial firepower

He has been reflecting not only on trying to keep pace with Tesla but on the risk that Apple adds another mighty competitor with almost unlimited resources to the automotive arena

“Despite all efforts, we are currently in a rather more difficult situation than in 2018 when I took office," Diess said

"What really has changed -- and what I had not expected to this extent -- is the view of capital markets on our industry”

In the almost 2 1/2 years since Diess told investors VW needed to aim for valuation levels more in line with Apple, Amazon and Google to still be around for another two decades, the gap has only grown

The IPP deal is in final stages.
last week two separate meetings took place by energy and finance teams - one with the PM (on overall reforms of energy sector). The other was with the COAS - specifically on IPPs deal and CD. 1/9

Based on these meetings and IMF's nod, yesterday a proposal is shared with 50 IPPs - pre-94, 94, 2002 and 2006 policy to pay the accumulated CD to materialize IPPs MOUs into agreements. IPPs wanted (out of Rs400-450 bn dues) 1/3rd in cash and 2/3rd in PIBs in a go 2/9

Govt proposed the same in three instalments - 1/3rd in Jan,1/3rd in Jun &1/3rd in Dec. Here IPPs have to sign the agreement based on 1/3rd immediate settlement (within it 1/3rd cash and 2/3rd PIBs) and rest on promises.
But the govt promises are not honored- that is why CD is 3/9

IPPs are mainly on board. Hubco thinks that settlement will take place with some give and take. @MManshaOfficial is saying that we are on board for larger country's interest - and we can use this money for fresh investment. One can safely say that the deal is done. 4/9

Its clearing the existing stock of debt on old IPPs - last time it was done in 2013 - now the whole energy chain may pay dividends- energy stocks at #PSX are rallying today. The elephant in room is 2015 onward projects. Nothing on it yet. 5/9

Show me an easier way to make $5000 a month.

This will literally make you $250-$500/hr on weekends depending on your speed and skills.

\\ A Thread \\

Straight to the point.

Go to Instagram.

Filter for 'influencers' (10K to 500K followers).
Do not go for general meme page.

Target the people who have already marketed something on their page & there is no link in their bio.

You found your prospect.

you can pick a niche if you want.

- Fashion
- Food
- Travel
etc.

If they have an option to email them, write a cold email with great first line. @blackhatwizardd & @THETYFRANKEL are the guys you need to study for it.

Bring them on the phone by your email.

Most of these people want to showcase themselves.

Now what is the thing we are selling?

- Landing Page

Convince them that a professional influencer should have a personal branding. This landing page will serve the purpose.

It will be a medium of communication with marketers.

It can showcase your work.

Charge them $1000 for the landing page.

Now you do not know how to create a landing page, you can use Webflow(learn through youtube) drag and drop.

create 10-15 swipe files for your reference. segregate them based on theme.

- Fashion
- Food
- Travel
etc.

Tax evasion vs Tax Avoidance

What is it & the difference between the 2.

A thread

Tax evasion = Illegal 🚫  Criminal
Tax avoidance = legal ✅ allowed

Tax evasion is an illegal & unlawful practice of not paying tax. A person or business structures their affairs in a way that they don't pay taxes due to SARS. This happens by not reporting their income, deducting frivolous expenses, inflating expenses, underpaying or understating

Tax avoidance on the other hand is a legal & allowed way of minimizing your tax liability. Our tax legislations allow us to structure our affairs in order to minimize your tax liability

E.g. in personal taxes, medical aid, out of pocket, RA deductions, TFSA etc. In VAT, output & input tax provisions allows for payment of lesser taxes. Business are also allowed to deduct allowable expenses, ring fence losses etc in order to minimize their tax liability

January is named after the Roman two-faced god #Janus. It’s time to look back at what you’ve achieved and look forward to what you’ve got to do.

3 solid reasons to review your #financialplan in 2021. Are you confident that your financial plan is still relevant and adaptable? Are you in the best of #financial health?

You are not the only one influencing your #financial future! We show you how the world is influencing your financial outcomes. Tell us how you tackled these changes in the comments below!

We recommend reviewing your plan every year. What we’ve done for clients during reviews. To review your #plan today call +919500027285!

#financialplanning

What triggers people to take #financialplanning seriously?
1. Medical emergency
2. Career transitions

Why You Should Give Out Your Best Content for FREE to Land More Clients and $$$ (In ONE PDF)

If you’ve taken @PaikCapital “The Agency Course” this is a MUST READ

-THREAD-

What the hell are you talking about?

Yes, you heard me, you will get more clients when giving out your best content for free.

And it’s all in ONE pdf.

Hang with me..

Now, here’s why you should do this

Basically…

You will create an authority feeling around yourself as an agency to your niche when you do this.

You will be the go-to agency in this area.

People will then WANT to work with you

You will be the master among the people who do the same thing as you.

That's why you want to give it all away, reveal all your “super-secrets”.

In one pdf.

Let’s take an example

Let’s say that you’re running an agency that’s helping eCommerce businesses increase sales with Facebook ads.

When prospects (eCommerce owners) come onto your landing page, you want to collect their email addresses because they can become future clients, right?

[Thead] Ben Knapper - Arsenal's Loan Manager.

It is usually the big guys, your Artetas, Edus and Vinais who make the headlines for Arsenal but there are so many more men and women who are putting in their best to make Arsenal successful and Ben Knapper is one of them.

His presence might surprise a few but Ben Knapper would be playing a key role during this transfer window as he would looking after some of Arsenal's brightest prospects in William Saliba and potential Joe Willock and Reiss Nelson.

In this thread, I'll discuss

- The background of Ben Knapper and the post he holds.
- His primary duties.
- His impact.

Ben Knapper first joined Arsenal in 2010 as an Analyst from statistical analysis firm Prozone. He has since then worked his way and was promoted from the post of senior football analyst to newly created post of Loan Manager in February 2019.

Arsenal didn't have a loan manager for a long time, though after observing several top Premier League adopt the new model and employing loan manager and few incidents of mismanagement of players out on loan, Arsenal final created a post of loan manager.

□■□■ Islamic Banking □■□■
In 1983, the first Islamic Bank (the Bank Islam Malaysia Berhad) was established in Malaysia through the introduction of the Islamic Banking Act. They are not recognised by a number of non-Islamic nations, including India.

In late 2008, a committee on Financial Sector Reforms, headed by former RBI governor Raghuram Rajan, had stressed on the need for a closer look at the issue of interest-free banking in the country and supported Islamic Banking system in India.

The RBI had in February, 2016 sent a copy of the IDG report to the finance ministry and recommended an "Islamic window" in conventional banks for gradual introduction of Sharia-compliant banking.

As per report:-
"In our considered opinion, given the complexities of Islamic finance and various regulatory and supervisory challenges involved in the matter and also due to the fact that Indian banks have no experience in this field, Islamic banking may be introduced in India.

"Initially, a few simple products which are similar to conventional banking products may be considered for introduction through Islamic window of the conventional banks after necessary notification by the government," it had said in a letter to the ministry.

just gonna come out and say that it should be considered criminal to force 400 million people into a nine month long period of isolation with no end in sight, no form of easily accessible mental health care, no adequate financial or tenant protections, and cap it off w/$600 each

Quarantine has had astronomically dire consequences on a wide variety of levels. The USD has fallen by 14% and is continuing to plummet, causing a hyper inflation in an already unstable economy. In May, the unemployment rate was nearly 15%—the worst since the Great Depression.

Conservative estimates confirm our homeless population to be at over 500,000, but experts estimate that the number is vastly greater due to lax enforcement of eviction and foreclosure moratoriums across the country and place the number closer to a million.

A survey proved 31% of Americans have experienced anxiety or depression, 26% have experienced trauma/stress, 13% have begun or increased their substance abuse, and 11% have attempted or considered suicide since March. The actual numbers are expected to be much, much higher.

According to Yelp, by May there had been a 60% increase of permanent business closures & over 100,000 businesses have shut down. These are mainly independently owned restaurants, daycares, salons, tattoo parlors and small gyms. 1 in 5 businesses WILL close before quarantine ends.

On Monday, we submitted a letter to the US Treasury on the proposed rulemaking by FinCEN. We are committed to working with FinCEN to facilitate the adoption of digital assets along with widespread compliance and AML regulations.

Some highlights from the letter:

The limited time to provide comment deprives FinCEN of important feedback from the industry, resulting in less effective rules that create significant barriers to widespread compliance. This is a sharp departure from ordinary comment procedures and established practice.

The proposed rule raises serious practical and technical concerns that reveal robust industry feedback and industry engagement is necessary before effective implementation is possible. Some key concerns raised in our letter include….

The recordkeeping and reporting requirements mandate that Virtual Asset Service Providers differentiate between hosted and “unhosted” wallets without defining these terms and acknowledgement of the challenges faced in differentiating transactions that involve unhosted wallets.

A mandate that VASPs obtain name, address, and other unique counterparty info to unhosted wallet transactions would be the first Bank Secrecy Act rule commanding an institution to obtain specific info about customers’ counterparties with whom the institution has no relationship.

Thread on how easy it is to get tricked into haemorrhaging money from your bank account after an online purchase – and why financial regulators seem to be behind the curve on this.🧵💸💻

Forgive the personal story, but I think it's relevant...1/

I’m pretty careful with my money online - regularly checking my pension, combing my online bank statement for suspicious transactions, pruning unwanted subscriptions etc...2/

I’d describe this as financial hygiene – and would advise everyone to do it.

Yet it’s not always enough.

While looking through a list of transactions on my online account before Xmas I noticed a £15 payment to something called "WLY*https://t.co/tSHitonwoT" ...3/

By chance I knew for certain I’d not bought anything on that particular day, so I investigated further.

I downloaded my entire statement for the year and discovered I’d made a payment to this entity for the
same amount every month for 14 months, so £210 in total...4/

I did an online search & found a club called Complete Savings (@completesave), that offers cashback on online purchases in return for £15 a month membership fees.

This is not, to put it mildly, the kind of scheme I would ever knowingly sign up to....5/

A thread on cumulative FII inflows into India in the CY2020

Background  : This was a widely shared link on social media and also tweeted by FM @nsitharaman amid a lot of discussion around the strong foreign inflows in Indian

India received ~1.6 lakh crore in FII flows last calendar year when most Asian and emerging markets witnessed outflows. This is encouraging stuff one would say. However, this is not the complete story.

The total flows in Secondary markets (Debt + Equity but not including FDI deals in primary markets) are marginally positive. It means as yields collapsed, FIIs switched from Indian debt to Indian equities.

In fact, last 6 CYs (2015-2020) net flow in debt & equity is negligible.

Now one may ask what suddenly changed in 2020. Well, Central banks kept the tap open. That's easy answer.

But still the flows became aggressive only in last two months of 2020 - Nov & Dec

Why in last two months?

Two technical things happened:

(a) MSCI Annual review on Nov 10 brought fresh inflows. This happens every year, so was not