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@FI_imagineer 4 years, 6 months ago 434 views

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As a parent, your priority number one is to raise independent adults. Period.

Now:
How about raising "financially independent adults"?

Read on to learn 10 lessons about how you can raise financially independent children:

//thread//

1. Let them get a bad grade

Is getting a bad grade a good or a bad thing? Is losing money at the stock market a bad thing? It depends on what you learn from these lessons!

“When you fail, learn from it. There’s nothing wrong with trying again.”

2. Let them forget their homework, their stuff for gym class, their snack box

The more we help, the more we actually teach them that they can’t manage without parental supervision. This is not encouraging. Hands off from now on!

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Divya Mittal
@divyamittal_IAS

I have cleared some of the toughest entrance tests in the country like that for IIT, IIM, IAS. It is not that I was not distracted during studies, but I overcame those distractions.

Small tips on how to overcome distractions and get great focus

A thread🧵

Reducing mobile usage

👉 Measure

Check your phone usage and apps u spent time on every week. Many times you dont even know how much time you are wasting on mobile apps. Android users can use free apps like

Steps to reduce usage

👉 Physical distance
Keep the phone with the internet switched off and away from you while studying. You can also keep it locked and with a parent/ friend. Heavens will not fall while you are studying and if it is something urgent, you will get the message.

👉 Technological solution:

Use apps like Blackout to block internet for at least 6 hours every day. Force yourself to study in that time. It is not a free app, but it is very effective. Once it blacks out the phone, you can't go back for the period

👉 Early morning study

Keep the alarm away from you, on loud volume. Most likely once you get up from the bed to switch off the alarm, you will decide to not go back to sleep and study. Early morning study is the best these days especially as it has lesser distractions

The Independent You
@TheIndependentU

Learn these 12 rules in your 20s to become a millionaire in your 30s:

1. Grow wealth, not social status

Being wealthy isn't about how much you spend.

It means owning assets that generate passive income.

Forget about "keeping up with the Joneses" if you want to become a millionaire.

2. Allocate income consistently

50/30/20 is the commonly recommended ratio for splitting your income:

▪ 50% - needs
▪ 30% - wants
▪ 20% - investments

To become a millionaire sooner, adjust the ratio: allocate more to “investments” and spend less on “wants.”

3. Avoid credit card debt (and other debt traps)

Interest charges and fees from buying on credit inflate costs, using up money you could invest instead.

If you use a credit card, keep a zero monthly balance.

4. Pay Yourself First

Sometimes we lose focus, overspend, and have nothing left for saving or investing.

“Pay yourself first” means deducting savings and investments from your income first, and only spending the remaining amount.

Discipline is crucial.

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David Morris
@wdmorrisjr

Parents have to choose their battles.

8 fights worth picking with your kids:

Parenting is hard.

We're all figuring it out as we go.

One of the most difficult things to sort through is when to take a stand,

And when to let up.

There's no magic formula for figuring this out,

But these are a few things I've found worth squaring off with your kids over.

The Reading Fight:

Make your kids read.

Of my four kids, one was a natural reader who always had a book in his hands.

For the others, it was a fight.

But it's a fight worth picking,

Because reading is tied to everything from cognitive development to the ability to focus.

My wife teaches ACT prep and works with students on college admissions.

Of all the tips, tricks, and hacks she can provide, there's one thing she says she can't overcome ⏤

A kid who didn't read.

Make your kids read now.

They'll thank you later.

The Outside Fight:

Make your kids go outside.

The natural world teaches us things.

Valuable truths like:

- There's a way things work that I must adapt to (because it won't adapt to me)

- There are things I have no control over

- There are cycles and seasons to life

Sahil Bloom
@SahilBloom

I recently found out I'm going to be a father.

Here are the principles I want to teach my child to live by:

Be Interested

Talent is overrated—interest is not.

Interested people are prone to giving their deep attention to something to discover more about it.

They ask questions, listen, & observe. They open up to the world around them.

Being interested is a key to a fulfilling life.

Different is Beautiful

Growing up, I feared being different—I desperately wanted to fit in.

I made bad decisions grounded in insecurity.

I only realized later: being different is your edge—your ultimate competitive advantage.

No one can compete with you, at being you.

Work Hard

If you want to accomplish anything in life, you have to work hard.

Don't believe the hype. Hard work isn't the sexy, flashy Instagram posts saying "rise & grind”—it's the ugly, painful effort in the dark, when no one is watching.

If you want something, go get it.

Show Up in the Darkest Hour

It's easy to be there for people to celebrate their wins.

It takes character to show up for them in their darkest hour.

People never forget who supported them when the chips were down.

Be the friend who is always there—in good times and bad.

Rajat Soni, CFA
@rajatsonifnance

Ensure your kids don't struggle financially later in life.

Here are 5 graphics showing you how to teach kids about money 👉

https://t.co/QCi61hnnE6

https://t.co/UhYoI7U6uy

https://t.co/wt4N2XymYi

https://t.co/cLl04uWyaz

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Hermann Peterscheck
@petershk

For fun I made a Robinhood account. It took me 5 minutes to sign up, get approved and transfer funds for trading...

Here's some details... Read on.

...it took me another 5 minutes to get qualified for options.

If I share a sign up I get "free shares" and I can share as much as I want up to 500$ worth.

The main UI has a prepopulated "list" of stocks/crypto to watch and links to news.

Clicking a stock opens a "trade" button that looks like this.

Notice options is first, buy second.

Options took me to an approval process (which took about a minute) and now away I go trading Baba options.

Buying stock looks like this. It emphasizes fractional shares.

$Lu_lu\U0001f498$

Lu_lu💘
@luciame16

Some thoughts on episode 54 of #Hercai

If you ever cross the distance and come to me, come with love that blooms in your heart.
~ Şems-i Tebrizi

#Reyyan #Miran #ReyMir #EbruŞahin #AkınAkınözü
#HercaiThoughts

1
I have to make a note before writing about this episode. I was the person (still am) who thinks that bringing back D. was a bad idea. I repeat it that for me the writing of S1 and S2 is like tossed into the bin with that plot evolution, but they had to invent something+
#Hercai

2
+ to be able to continue to prolong the general story after Aslan’s story did not work out. All the suffering of M., all the crying seems for “nothing” for two seasons and we viewers are also kind of fed up in seeing him cry all the time when with the upcoming episodes+
#Hercai

3
+he is justified the most to cry. With her resurrection now the attention shifts back to Miran’s storyline and I don’t know if I like this to be honest. This said, Dilsha is here and we have to deal with her.
#Hercai

4
So, my comments are going to be how I find they wrote her into the story, the details we get to know, the flashbacks we get to see, the way it was filmed and directed, with leaving out if I agree on it or not but describing along the way what I saw.
#Hercai

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WORLD OF SANATAN DHARM...
@world_sanatan

EVOLUTION OF CROWNS

The ancient Indian kings called a head crown as a Mukut and it would mostly constitute of a golden ornamental headgear like an oval cap with gems.

Sometimes it would also include a halo circle to show the divinity of the king

1/7

As it was considered that kings were appointment by the gods themselves. Example the kings of mewar considered themselves to be the ‘Diwan of eklingji')

But in most cases very few Mukut with halo effect have been found.

2/7

Samudragupta in the gupta era coin. You can see the helmet like headwear on him.

Till gupta era the solid golden head wear was used in most days of the monarch.

But since the onset of 8th century it reduced in usage and was now used only as a ceremonial headwear.

3/7

Whereas earlier the Maharaja had to wear the mukut whenever his court was in session.

Still mukut was being used prominently for ceremonial activities till recent times.

Maharaj Dahir of Sindh👇

4/7

But as times past the style of headwear also changed.

The kings mostly wore turbans ordained with pearls and gems while rarely anyone wore a true Mukut after 16th century.

Portrait of Sri Krishna Dev Raya👇

5/7

Rich Energy
@rich_energy

Great seeing one of the fastest natural drivers of the last decade Robert Kubica today with @WilliamsRacing at @COTA #USGP #f1 #robertkubica #Poland #richenergy

Anu Satheesh
@AnuSatheesh5

Story of Thumba Poo and Shiva

Thumba poo is a tiny white flower which grows in all areas. These flowers are used for treatment for sinus. Small children who have polyps in Nose are told to crush tumbha leaves and apply in nose part.
There is an interesting story of Thumba and

Mahadeva. Thumba flowers were not taken for Shiva Pooja. Saddened to this Thumba prayed sincerely and Mahadeva appeared before her.
She was surprised that Shiva had appeared before her. Instead of saying that she wants to under his feet always, she said
@SriramKannan77

She said that her feet should be on his head. Shiva accepted her prayers. It is because of this Thumba flower is placed in the head of Shiva Linga.
Shambo Mahadeva
Om Namah Sivaye
🙏🕉🙏