BC PARENTING

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Rajat Soni, CFA
@rajatsonifnance 3 years, 7 months ago 428 views

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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

https://t.co/CrDqtfNigH

More from Parenting

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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@FI_imagineer

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!

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.

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

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Karol296
@Karol296

Wracając do sedna dzisiejszego zamieszania z artykułem autosportu / motorsportu. Kubica mówi w nim, że podejmie swoją decyzję w ciągu kilku dni. Rozważa opcję z Williamsem lub posadę kierowcy symulatora w Ferrari. Więc za kilka dni dowiemy się co go czeka za rok. #F1PL

Autosport / motorsport zmienił nagłówek swoje tekstu, bo pierwotnie sugerował on że Kubica jest numerem jeden na liście Williamsa na tytuł mówiący tylko tym, że nadal jest na liście kandydatów. Zrobili to po interwencji zespołu. Same wypowiedzi Kubicy z wywiadu się nie zmieniły.

Trudno powiedzieć czy autor się pośpieszył i wyciągnął inne wnioski niż powinien, a może wie coś więcej, ale nie mógł tego otwarcie napisać. Słowa Kubicy brzmią jednak jednoznacznie: decyzję podejmie w ciągu kilku dni.

$Andrey \uf8ff Azimov$

Andrey  Azimov
@AndreyAzimov

The best way to know if people like your product is NOT:

- Have a lot of emails in the waiting list
- Become #1 on PH
- Become #1 of HN or Reddit
- Have people that saing "I'll pay"
- Have a lot of free users

The best way to know if they're actually pay for it.

The only thing that matters is your product providing a value, and you can't know this until people will pay money for it.

We can have a first signal of a product/market fit after the launch by check how many sales we've got in the first 24h. Some scale:

200+ This has a high potential.
100+: This has a potential.
50+: Some people need it.
10+: People almost don't need it.
0+: People don't need it.

This is for a single time payment product. For a subscription probably it should be less because people hate subscription.

And obviously, you should have a lot of traffic like 3-5k+.

Here is a stat for my products (macOS apps) for the first 24h after the launch:

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श्रीमाली हितेश अवस्थी...
@HiteshAwasthi89

Statue of Equality (Ramanuja) Muchintal, Hyderabad, Telangana

The Statue of Equality is a monument in India dedicated to the 11th-century Vaishnavaite Sage Bhagavad Ramanuja, commemorating 1000 years since his birth. It was inaugurated by Prime Minister Narendra Modi ji in 2019.

In 2014, Sri Chinna Jeeyar came up with the idea to commemorate the 1000th anniversary of Sri Ramanuja's teachings by building the Statue of Equality. The statue is constructed on an estimated 34 acres in Hyderabad, India.

It consists of a 216 foot tall statue of Ramanuja and is surrounded by 108 Divyadesams (model temples) and includes an educational gallery. The project budget is 1000 crore rupees.The foundation stone for the Statue of Equality was laid by Chinna Jeeyar.

The statue was built by Aerosun Corporation in China before being shipped to India. It is made of panchaloha, a combination of gold, silver, copper, brass and titanium. The statue relies on donations to fund its construction.

The temple is located on the 27,870 square metre second floor with a 120 kg statue of Ramanuja, representing the years he lived, meant for daily worship. The 1,365 square metre third floor including a Vedic digital library and research center.

Jaya_Upadhyaya
@Jayalko1

SRI SWETHA VINAYAGAR, THIRUVALANCHUZHI, KUMBAKONAM
(TN)
#bharatmandir

While main deity is Shiva as Kapartheeswarar, the kshetram is famous for Ganesha, known as Swetha/Vellai Vinayagar (white Vinayak)

During samudra manthan, Vasuki snake (used as rope) started spewing venom.

Unable to bear the intense heat, Devas rushed to Siva. He told them that this was because the task was started without getting Ganesha’s approval.
So the Devas created a Ganesha murti from white sea foam and worshipped it.
It was later taken by Indra to Indralok.
@GunduHuDuGa

But once Indra had to come to Earth to pray to Shiva to seek relief from a curse inflicted on him. So he brought the murti of Ganesha with him. When he came here, he wanted to take bath before puja. So he gave the murti to a boy to hold for sometime. The boy was actually Shiva.

He kept the murti down and vanished. Indra could not lift it again and a divine voice told him to let Vinayagar stay there and visit every Ganesh Chaturthi to pray.
Since Vinayagar is made of foam, no abhishekam is done here. Only punugu is applied n camphor powder is sprinkled

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அன்பெழில்...
@anbezhil12

#ஆதித்தியஹ்ருதயம் ஸ்தோத்திரம்
இது சூரிய குலத்தில் உதித்த இராமபிரானுக்கு தமிழ் முனிவர் அகத்தியர் உபதேசித்ததாக வால்மீகி இராமாயணத்தில் வருகிறது. ஆதித்ய ஹ்ருதயத்தைத் தினமும் ஓதினால் பெரும் பயன் பெறலாம் என மகான்களும் ஞானிகளும் காலம் காலமாகக் கூறி வருகின்றனர். ராம-ராவண யுத்தத்தை

தேவர்களுடன் சேர்ந்து பார்க்க வந்திருந்த அகத்தியர், அப்போது போரினால் களைத்து, கவலையுடன் காணப்பட்ட ராமபிரானை அணுகி, மனிதர்களிலேயே சிறந்தவனான ராமா போரில் எந்த மந்திரத்தைப் பாராயணம் செய்தால் எல்லா பகைவர்களையும் வெல்ல முடியுமோ அந்த ரகசிய மந்திரத்தை, வேதத்தில் சொல்லப்பட்டுள்ளதை உனக்கு

நான் உபதேசிக்கிறேன், கேள் என்று கூறி உபதேசித்தார். முதல் இரு சுலோகங்கள் சூழ்நிலையை விவரிக்கின்றன. மூன்றாவது சுலோகம் அகத்தியர் இராமபிரானை விளித்துக் கூறுவதாக அமைந்திருக்கிறது. நான்காவது சுலோகம் முதல் முப்பதாம் சுலோகம் வரை ஆதித்ய ஹ்ருதயம் என்னும் நூல். முப்பத்தி ஒன்றாம் சுலோகம்

இந்தத் துதியால் மகிழ்ந்த சூரியன் இராமனை வாழ்த்துவதைக் கூறுவதாக அமைந்திருக்கிறது.
ஐந்தாவது ஸ்லோகம்:
ஸர்வ மங்கள் மாங்கல்யம் ஸர்வ பாப ப்ரநாசனம்
சிந்தா சோக ப்ரசமனம் ஆயுர் வர்த்தனம் உத்தமம்
பொருள்: இந்த அதித்ய ஹ்ருதயம் என்ற துதி மங்களங்களில் சிறந்தது, பாவங்களையும் கவலைகளையும்

குழப்பங்களையும் நீக்குவது, வாழ்நாளை நீட்டிப்பது, மிகவும் சிறந்தது. இதயத்தில் வசிக்கும் பகவானுடைய அனுக்ரகத்தை அளிப்பதாகும்.
முழு ஸ்லோக லிங்க் பொருளுடன் இங்கே உள்ளது https://t.co/Q3qm1TfPmk
சூரியன் உலக இயக்கத்திற்கு மிக முக்கியமானவர். சூரிய சக்தியால்தான் ஜீவராசிகள், பயிர்கள்