Archive for the ‘For Parents’ Category

Few Tips For Using Aloe Vera

Aloe is a succulent plant that can easily be grown indoors or outdoors, in garden beds or in pots. The cheapest and easiest method of using this wonderfully healing plant is to grow it yourself if you can. The plant proliferates very quickly, so from one plant you can end up with many plants in a short amount of time. No need to buy dozens of plants or worse yet, expensive preservative ridden pre-prepared creams and gels.

The most outstanding benefit of using fresh Aloe Vera is that you will experience it at its freshest best quality, just like Mother Nature intended. Just make sure you buy a plant from a reputable nursery to ensure you are getting real Aloe Vera.

Here are my 7 tips for using Aloe Vera:

1. Make Your Own Aloe Vera Gel

Preparation of Aloe Gel can be done very simply. Firstly cut a few thick fleshy leaves at the base near the stem. Rinse the cut part of the leaf thoroughly, peel off outer layer of skin. If you are going to ingest the gel then rinse again to get rid of any latex residue. Put the gel into a blender and add a little Vitamin C powder or Citric Acid powder to stabilize the gel. If it is too thick to blend, just add a little purified water. Please take note, for internal use make sure you rinse off the brown exudate from the open cut of the leaf, called latex, as this can have a strong (and usually unwanted) laxative effect. If done properly you shouldn’t have a problem. I have been using Aloe from my garden for years now, and by being very meticulous about rinsing it properly I haven’t had an issue with it. Usually keeps in the fridge for a few weeks, depends on your fridge of course.

2. Make An Aloe Vera Gel Spritz

The gel can be put into a small spray bottle and sprayed directly onto skin, after blending the gel strain through cheese cloth to get rid of fibrous particles. Keep in the fridge to give it a longer shelf life, it should keep there for a few weeks. Be sure not to spray into eyes though.

3. Use It To Control Acne

Acne is a skin problem that affects people from 10 all the way through 40 (sadly, sometimes even older now), and this can appear in many forms such as whiteheads, congested pores, pimples, cysts, pustules or blackheads. The usual onset of acne occurs when oil glands within the skin start to come to life at around puberty, these are stimulated by hormones that come from the adrenal glands and is common for both girls and boys. There is also an adult onset form of acne, it is no longer just a nuisance for the young. The gel can assist in soothing and clearing the skin due to its anti-bacterial and anti-inflammatory properties. Natural methods to control skin issues are often best carried out from the inside out, rather than just treating the topical symptoms.

4. Help With Digestion

Aloe Vera gel is used to aid in digestion and for the protection of the digestive system. A little can be taken either before or after meals. Nutrients from food are normally absorbed into the blood stream whilst dispensing with the unwanted waste along the digestive tract. Due to various causes, the bowel can gradually build up unabsorbed food residues along the lining. As these residues become compacted they may prevent essential nutrients being absorbed. The resulting nutrient deficiency can cause a variety of symptoms, anything from lethargy and exhaustion to diarrhoea or constipation.

5. Relieve Eczema

Aloe gel soothes and helps repair skin suffering from a skin condition called eczema. Eczema is a generic term for rash-like skin conditions. Generally described, it is an inflammation of the skin which is characterized by dryness, flakiness, heat and, probably most importantly, itching. It can affect one or many areas on the face and body and can be mild, moderate or severe.

6. Cool Down Burns

Fresh aloe gel soothes pain, cools the skin, and stimulates blood flow to burnt skin, it is a renowned salve for burns. Whilst providing essential nutrients needed to promote healthy tissue growth it helps reduce inflammation and kill bacteria and other foreign organisms that thrive on damaged skin cells. The cooling effect offers instant relief from burns and will typically prevent, or greatly reduce, blistering when applied immediately after receiving a burn. For minor burns you can peel a section of the leaf and gently dab the gel from the fresh leaf onto the burnt area. Of course for major burns you must seek medical advice.

7. Speed Up Wound Healing

The Aloes wound healing ability mainly comes from its moisturizing effect, which prevents air from drying the wound. It is also believed that the barrier formed over the wound after the gel has been applied, actually speeds up the wound healing process. It may also be attributed to the plants immunity boosting properties which may be responsible for accelerated wound healing, as well as the nutritive, anti-bacterial and antiviral properties found in the plant. Dab gel directly from fresh leaf, or spray onto affected area.

These tips are not recommended to replace medical care and attention, they are intended for minor afflictions and general use only. If you have health concerns or are on any medications please consult your health care professional before attempting to use any of the above tips.

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SWINE FLU FACT FILE

What are the symptoms?

Swine flu symptoms are similar to the symptoms of regular flu and include fever of over 100.4°F, fatigue, lack of appetite, and cold. Some people with swine flu have also reported runny nose, sore throat, nausea, vomiting and diarrhoea. Nearly everyone with flu has at least two of these symptoms.

So, how do you know if you have flu or just cold?
There is one clue: when you have the flu, you feel flu symptoms sooner than you would cold symptoms, and they come on with much greater intensity. With the flu, you may feel very weak and fatigued for up to 2 or 3 weeks. You’ll have muscle aches and periods of chills and sweats as fever comes and goes. You may also have a stuffy or runny nose, headache, and sore throat.

Can I compare flu symptoms with cold symptoms?
Yes. The following chart can help you compare flu symptoms with cold symptoms. Use it to lean the differences and similarities between flu and cold symptoms. Then, if you get flu symptoms, call your doctor and ask about an antiviral drug.
 

 

Symptoms Cold Flu
Fever Rare Characteristic, high 100-102 degrees F); lasts 3-4 days
Headache Rare Prominent
General aches, pains Slight Usual; often severe
Fatigue, Weakness Quite mild Can last up to 2-3 weeks
Extreme Exhaustion Never Early and prominent
Stuffy Nose Common Sometimes
Chest Discomfort,Cough Mild to moderate; hacking cough Common; can become severe

 

You cannot confirm if you have swine flu just based on your symptoms. Like seasonal flu, pandemic swine flu can cause neurologic symptoms in children. These events are rare, but, as cases associated with seasonal flu have shown, they can be very severe and often fatal.

Doctors may offer a rapid flu test, but what you need to understand is a negative result doesn’t necessarily mean you don’t have the flu. Only lab tests can definitively show whether you’ve got swine flu. State health departments can do these tests.

Who is at risk?

Those who are more at risk from becoming seriously ill with swine flu are people with:

chronic (long-term) lung disease, including people who have had drug treatment for their asthma within the past three years,
chronic heart disease,
chronic kidney disease,
chronic liver disease,
chronic neurological disease (neurological disorders include motor neurone disease, Parkinson’s disease and multiple sclerosis),
suppressed immune systems (whether caused by disease or treatment),
diabetes,
pregnant women,
people aged 65 or older, and
young children under five.
Source: National Health Service, UK website
 
 
How does it spread?

The new swine flu virus is highly contagious, that is it spreads from person to person. The virus is spread through the droplets that come out of the nose or mouth when someone coughs or sneezes. If someone coughs or sneezes and they do not cover it, those droplets can spread about one metre (3ft). If you are very nearby you might breathe them in.

Or, if someone coughs or sneezes into their hand, those droplets and the virus within them are easily transferred to surfaces that the person touches, such as door handles, hand rails, telephones and keyboards. If you touch these surfaces and touch your face, the virus can enter your system, and you can become infected.

Source: National Health Service, UK website
 
 
 
 Can it be prevented?

Influenza antiviral drugs also can be used to prevent influenza when they are given to a person who is not ill, but who has been or may be near a person with swine influenza. When used to prevent the flu, antiviral drugs are about 70% to 90% effective. When used for prevention, the number of days that they should be used will vary depending on a person’s particular situation.

Follow this general procedure to reduce the risk of catching or spreading the virus, you should:

Cover your mouth and nose when coughing and sneezing, using a tissue
Throw the tissue away quickly and carefully
Wash your hands regularly with soap and water
Clean hard surfaces (like door handles and remote controls) frequently with a normal cleaning product
Keep away from others as much as possible. This is to keep from making others sick. Do not go to work or school while ill
Stay home for at least 24 hours after fever is gone, except to seek medical care or for other necessities. (Fever should be gone without the use of a fever-reducing medicine.)
Drink clear fluids (such as water, broth, sports drinks, electrolyte beverages for infants) to keep from being dehydrated
Wear a facemask – if available and tolerable – when sharing common spaces with other household members to help prevent spreading the virus to others.
Source: CDC, National Health Service, UK website
 
 
 
Will it help to wear a mask?

Information on the effectiveness of facemasks and respirators for decreasing the risk of influenza infection in community settings is extremely limited. So, it is difficult to assess their potential effectiveness in decreasing the risk of Swine Flu virus transmission in these settings. However, a well-fitted, FDA-approved mask together with other preventive measures MAY reduce the risk of contracting the flu. Those who are sick or caring for someone who is ill should consider using a mask or respirator if leaving the house becomes necessary.

Source: CDC
 
What precautions should one take at home?

Two things – soap and water can reduce the chance of infection by 30 per cent. All you need to do is keep washing your hand with soap and water frequently. Wash hands frequently with soap and water or use alcohol-based hand cleaner when soap and water are not available. Avoid touching your eyes, nose and mouth

Eat healthy: Proteins are essential to help your body maintain and build strength. Lean meat, poultry, fish, legumes, dairy, eggs, and nuts and seeds are good sources of protein.

The Food and Drug Administration recommends that adults eat 50 grams of protein per day. Pregnant and nursing women need more. By eating foods high in protein, we also get the benefit of other healing nutrients such as vitamins B6 and B12, both of which contribute to a healthy immune system.

Vitamin B6 is widely available in foods, including protein foods such as turkey and beans as well as potatoes, spinach, and enriched cereal grains. Proteins such as meats, milk, and fish also contain vitamin B12, a powerful immune booster.

Minerals such as selenium and zinc work to keep the immune system strong. These minerals are found in protein rich foods such as beans, nuts, meat, and poultry.

Exercise: Regular exercise may help prevent the flu. According to recent findings, when moderate exercise is repeated on a near daily basis, there is a cumulative immune-enhancing effect. That is, your strong immune system can fight flu better. When you exercise, your white blood cells — the blood cells that fight infections in the body — travel through your body more quickly, fighting bacteria and viruses (such as flu) more efficiently. To maintain good health, experts recommend at least 30 minutes of aerobic activity such as walking, swimming, biking, or running each day.

Source: Flu India website, CDC, WebMD

 
 
What precautions should one take at schools?

Avoid close contact with people who are sick
People who are sick with an influenza-like illness should stay home and keep away from others as much as possible, including avoiding travel, for at least 24 hours after fever is gone except to get medical care or for other necessities. (Fever should be gone without the use of fever-reducing medicine). Cover your mouth and nose with a tissue when coughing or sneezing
Wash your hands often
Avoid touching your eyes, nose or mouth
Source: CDC

Is it safe to travel?

Avoid traveling unnecessarily. However, if you must travel, check how the country you’re going to handles swine flu. Although, the WHO doesn’t recommend travel restrictions, many countries have set up their own H1N1 policies, and some travelers have been screened or quarantined in other countries because of swine flu concerns.

Source: WebMD.com

 

 

 

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Free Microsoft Software for Indian Students

The Microsoft DreamSpark Student Program, that gives free software to college and high school students worldwide, has now expanded to India. Bill Gates announced the initiative at IIT Delhi today.

Microsoft DreamSpark enables students to download Microsoft developer and design tools at no charge. Visit the Microsoft program partners like NIIT, Aptech and Hughes Net Fusion Centers – Simply show your college identity card and collect your free DVD containing the Microsoft software. Thats it!

If you prefer the online way – Visit http://www.dreamspark.com sign in with your Windows Live ID and get verified as a student (The system is linked to schools and organizations around the world that can confirm student status).

Some free Microsoft Software available now are
* Visual Studio 2005 Professional Edition
* Visual Studio 2008 Professional Edition
* XNA Game Studio 2.0
* Microsoft Expression Studio
* SQL Server 2005 Express Edition
* Windows Server, Standard Edition
* Virtual PC 2007

Add to that the 12-month free Academic membership in the XNA Creators Club. If you are an Indian student, what are you waiting for – take advantage of this offer and download free Microsoft software on your computer.

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‘Digital Dark Age’ may make digital pics unreadable for future PCs

An expert at the University of Illinois at Urbana-Champaign says that rapid digitising may ultimately lead to a “digital dark age”, where digital photographs will become unreadable to future computers.

Jerome P. McDonough, an assistant professor in the Graduate School of Library and Information Science at the university, says that the issue of a looming digital dark age originates from the mass of data spawned by the ever-growing information economy – including electronic records, tax files, e-mail, music and photos.

He is afraid that data produced with ever-shifting platforms and file formats may eventually fall into a black hole of inaccessibility.

“If we can’t keep today’s information alive for future generations, we will lose a lot of our culture,” he said.

“Even over the course of 10 years, you can have a rapid enough evolution in the ways people store digital information and the programs they use to access it that file formats can fall out of date,” he added.

McDonough highlighted the fact that a “huge amount” of content was being developed in digital formats only.

“E-mail is a classic example of that. It runs both the modern business world and government. If that information is lost, you’ve lost the archive of what has actually happened in the modern world. We’ve seen a couple of examples of this so far,” he said.

He also cited the missing White House e-mail archive from the run-up to the Iraq War, a violation of the Presidential Records Act.

“With the current state of the technology, data is vulnerable to both accidental and deliberate erasure. What we would like to see is an environment where we can make sure that data does not die due to accidents, malicious intent or even benign neglect,” he said.

He said that Barack Obama’s political advertising inside the latest editions of the popular videogames “Burnout Paradise” and “NBA Live” ought to be preserved for future generations, but all that could possibly be lost because of the proprietary nature of videogames and videogame platforms.

“It’s not a matter of just preserving the game itself. There are whole parts of popular and political culture that we won’t be able to preserve if we can’t preserve what’s going on inside the gaming world,” he said.

According to him, there would also be an economic effect to the loss of data from a digital dark age.

“We would essentially be burning money because we would lose the huge economic investment libraries and archives have made digitising materials to make them accessible. Governments are likewise investing huge sums to make documents available to the public in electronic form,” he said.

McDonough said that a digital dark age could be avoided if experts figure out the best way to keep valuable data alive and accessible by using a multi-prong approach of migrating data to new formats, devising methods of getting old software to work on existing platforms, using open-source file formats and software, and creating data that’s “media-independent.”

“Reliance on open standards is certainly a huge part, but it’s not the only part. If we want information to survive, we really need to avoid formats that depend on a particular media type. Commercial DVDs that employ protection schemes make it impossible for libraries to legally transfer the content to new media. When the old media dies, the information dies with it,” he said. (ANI)

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Deepawali – the Biggest Festival of India

Why is Deepawali Celebrated?

Deepawali is the much-awaited festival of Hindus in India. It is the blissful celebration of sparkling lights and the overthrowing of shadows of darkness. According to the Indian mythology, the festival is the biggest testimony ever of the victory of truth over the unjust. It is believed that Lord Rama returned to Ayodhya on this day after 14 years of exile. According to another legend, Deepawali is the auspicious commencement of the Hindu calendar and usually marks the beginning of the harvest season.

Traditional Way of Celebration

Deepawali is celebrated with full vigor and enthusiasm in each and every Hindu family of India. People lit continuous series of earthen diyas and candles signifying the victory of good over evil. The deity of wealth and prosperity, Goddess Lakshmi, is believed to shower luck and happiness on the people on this auspicious day, and therefore the puja of the goddess forms an inseparable part of the entire occasion. Lord Ganesha, who is believed to bestow wisdom to a person, is also worshipped. People also visit their friends and relatives and give them sweets and gifts

Deepawali of Modern Times

Deepawali in modern times has surpassed the conventional way of its celebration. Now it is not just about diyas and sweets, but the celebration has gone modern with times. People decorate their houses with modern lightings and also enjoy firecrackers in the night. Sounds of firecrackers can be heard till midnight in the major cities of the country. On the whole, Deepawali is the biggest festival of India.

 

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Water Drops-no Doubt More Precious Than Diamonds!!!

‘Water’ having molecular formula of H2O comprises of 2 atoms of hydrogen with an atom of oxygen covering almost one-third of our Earth’s surface. The basic need of all living beings! not only a need actually a basic building block of our Planet. Our  planet Earth  is composed of four main elements Fire, Soil, Air and Water.Water is the main constituent element of our World.

The question is could anyone of us imagine of surviving without this blessing of nature? The answer is certainly not! none of the living beings can survive without it as it’s the most essential need of our body and not only our body requirements almost all the work we carry out through out our routein lives are mostly carried out by water. Water is undoubtedly being used at a huge amount every single day. 

The idea is actually we can survive without a precious and extremely expensive stone Diamond but not water. As diamonds are considered precious and all of us would try to keep them ass safe as possible but have we ever bothered ourselves on  the importance and need of SAVING WATER!!! .Actually neglected reality and a truly serious problem to be considered by each of the individual.

Predicted by a number of scientists that future wars may take place on water deficiency issues still we don’t bother and if yet we don’t bother may it would be too late to work the serious matter out. 

No-Doubt each drop of water is much more precious than a diamond stone!!!

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Learning Time Management Skills: Helpful Advice to People Learning Time Management Skills

Learning time management skills should be one of our most important priorities. The amount of distraction and clutter we get on a daily basis calls for effective planning and focused action; hence, learning time management skills is vital.

We get so many distractions from advertisements online that at times, it can be difficult to remain focused on what we are doing. Just reading through emails and seeing an irresistible offer can mean several minutes of wasted time. The self-discipline we need to keep gets even more difficult by the day. But does it have to be this way? Of course not!

Learning time management skills can be compared to a diet. Your willingness to cut carbs and exercise will be extremely hard at the beginning; but if you work one step at a time, the momentum will build up.

 

Managing your time can be very difficult at first; however, once you start to continue studying and applying proven time management principles, the easier it is for you to manage your schedules and finish your tasks rapidly and efficiently.

 

One of the most effective steps in learning time management skills is to start by asking: “What gives you the most amounts of distractions when it is time for you to work?” Once you ask yourself such question, you should be able to come up with a lot of answers which you can evaluate and work on improving.

 

Another question you could ask yourself is: “At what times will I be distracted the most?” By asking yourself such question, you raise your own conclusions on what needs to be done when you are planning to work, and avoid any potential up-ahead distraction that arrives later on.

 

Learning time management skills is crucial because it improves your daily life by knowing how to cope with, and eliminate, distractions.

 

In conclusion, before you start any venture or activity, evaluate your skills in time management. This will help you calculate how much time it will take you to achieve your goals and even to avoid possible frustrations. Learning time management skills is something you should learn if you want to be on top of the success chain, so it’s time to act now.

 

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Keep your Kids Safe Online..

The Big day has already come. You have decided to get a computer for your small one because kids have to study computer subject in school, they need a good hands on experience on computers. From your point of view it is a wise decision, for kids this day is very exciting day since they have their own computer they can do Home work on computer, also when time permits they can play computer games.

But wait a minute! When you got computer along with lot of advantages you have got home lot of disadvantages also. Especially if you have decided to have a internet connection along with your purchase. It all depends on what steps you have taken to protect your loved ones from the BAD BAD world there.

Here are some of the steps you can take to protect your kids intern protect your self from online misadventures.

1. Get a Firewall

We all have read in history how the Great Wall of China protected the kingdom. Before the wall there were Invasions on china. Zhou Dynasty, which was in the 11th century BC decided and constructed the great wall, china was able to protect itself.

Same is true for your computer get a software called Firewall which acts like a wall between you and the outside world of Internet and monitors and protects every actions and warn you of any illegal attempt to attach your system from outside.

2. Make Sure to Download Operating System Updates and Patches

A large number of people use Microsoft windows on their computers. And this software is famous for security holes. To counter the security breach of your computer Microsoft releases updates. Activate and keep the updates on your machine from control panel.

This will keep windows system up-to-date and plug the security holes and secure your system from virus and other malicious software code.

3. Install Antivirus Software.

A virus is a software that gets into your computer and copies itself and distributes itself to other computers and creates unwanted experience on your computer.

It mainly comes :

From a removable disk
From an attachment to an e-mail message
From a download while surfing the web
From a worm through a known hole or flaw in your operating system

Antivirus software is software that you use to protect yourself from computer viruses. It can detect and remove known computer viruses. There are many excellent antivirus packages available that are relatively inexpensive. There are also several excellent antivirus packages available for free for home, non-commercial use. Use them

4. Install Anti-Spyware Software

Adware is any software that displays advertisements on your computer screen, either through banner advertisements within an application, or through pop-up windows. Spyware, which may also be known as a spybot, or tracking software, is computer technology installed on an individual’s PC that gathers information about them and their computer use. Adware and spyware removal software, or anti-spyware software, is software that is installed on your computer to combat the threats of adware and spyware. It will search your computer’s memory, file system, system registry, and browser caches for the existence of adware and spyware. It will then remove or quarantine any items that it finds. Adware and spyware removal software may also monitor for, and actively block, the downloading of spyware applications.

5. Think About Privacy Software

As you use your computer, and surf the web, traces of your activity get left behind, stored on your computer in lists, temporary files, and caches. The best case is that these “leftovers” can clutter up your PC, and, with time, degrade its performance. The worst case is that someone who gains unauthorized access to your PC can read these files and learn a fair amount about you, potentially helping them to steal your identity.

Privacy software removes all traces of your PC and Internet activity, helping to protect your privacy.

As with antivirus software and anti-spyware software, privacy software should be run on a regular basis. It, too, can be setup to run automatically on a regular basis so that an end-user does not have to do anything to protect their privacy
6. Think Before You Click

When you visit websites on internet there are lot of attractions and distractions and many time you are tempted to click on the advertisement or the message appears. WAIT! Think before you click. The link may download an virus, a spyware or privacy software which will help some one out there to do Identity theft. And use your identity like your name personal information email address phone number credit card number to do illegal activities on your name.

Protecting Your Kids

Now that you have taken care of the basics and protected you PC, it is time to specifically worry about keeping your kids safe. When trying to protect your children, it is important to:

Set expectations
Monitor and control what your children do online
Use some common sense

Setting Online Expectations

It is important for you as a parent to be clear with your children what you expect of them when they are using the PC. You need to be clear about what you consider to be appropriate online behavior, as well as what is and is not appropriate to be accessing online. Children should be taught:

* That they should never give out personal information such as their name, address, e-mail address, phone number, or age to anyone over the Internet without your express permission.
* That they should never fill out forms without your permission.
* That they should tell you if they come across anything or anyone online that they feel is not appropriate or that makes them uncomfortable.
* That they should ask before downloading or installing software on a PC.
* That they should never, under any circumstances, arrange to meet alone with someone who they have met online. This can be especially important for your teenage children who may feel that they have met the boy or girl of their dreams online. If they feel that they absolutely must meet this individual, then they should arrange to do it with a responsible adult present. You should remind them that it is very easy for someone to masquerade as someone else online.

Monitor and Control What Your Children Do Online

The PC that your children use should be setup in a public location where it is easy for you to monitor what your children are doing. It is very difficult for a child to engage in questionable online activities when everyone in the family can easily look over their shoulder. If you have children who participate in chat rooms or use instant messaging software you should regularly ask them who they are communicating with. If they are evasive or do not tell you, take away their computer privileges. Having a safe mad child is better than having an unsafe happy one.

There is also software that can help parents protect their children. Software to help keep children safe comes in two forms: monitoring software, and parental control software.

Monitoring software allows parents to monitor activity on the family PC. Many packages will allow you to monitor computer activity including web surfing activity, e-mail messages, chat, and instant messaging. Some software will even allow screen shots to be taken at predetermined increments of time. Many of these packages will operate in stealth mode, meaning that no one will know that the software is even installed and running. Of course telling your children that you have software that is monitoring their activity may also act a a deterrent. Monitoring software typically does not filter out any bad content. It simply lets you know if someone is accessing things that are inappropriate.
Use Some Common Sense

You should be aware if your child becomes secretive about what they are doing online. Averting a computer monitor, or quickly turning it off whenever someone walks into the room is not normal computer behavior. It is, however, the behavior of an individual who is trying to hide something. If your child is exhibiting “odd” computer behavior question them. If you get no answers or you do not like the answers, take away their computer privileges and/or get software that monitors their activity. As has already been stated, a mad safe child is better than a happy unsafe one.
by Anson Sequeira

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Lehman’s Crisis : Lesson for life

 

LATELY, I have been thinking a lot about the Lehman crisis. Spending money that they didn't have and going beyond their means is one of the main reasons for their situation today. In fact thatli is the cause for the current economic crisis in the US.

When I see this entire happening, I can only remember the good old days. Then, karz was bad. People looked down upon those who took loans. Parents would not give their daughter's hand in marriage to a man with loans

But of course, the times have changed now. Everyone I know has a loan. The buzzword is EMI (equated monthly installment) . Today, you can buy everything on EMI - a house, a television, an i-Pod. In fact I know of someone who just bought a fancy BMW 3 series on EMI, instead of buying a cheaper car outright with cash. I mostly prefer to take public transport, but then I am an old man with old thoughts!
Anyway, coming back to what caused the crisis. Imagine having Rs 2 lakh in your bank account, no regular income, yet buying a house worth Rs 65 lakh, in the hope of selling it for a higher price. Even if the price of the house fell by just 5 per cent (that is Rs 3 lakh), you will go bankrupt.  

This is what Lehman Brothers did; with around USD 20 billion they went and bought assets worth over USD 600 billion. Isn't it suicidal and simply foolish?  

 

I am sure things would have been different, had I been the head of Lehman brothers. But who wants an old conservative man like me to head a complex financial institution.  

 

But there are a few lessons that we can learn:
1.Live a balanced life and avoid overspending.
2.Don’t buy things we don't need.
3.Don’t buy Branded good’s.
4.Don’t buy excess Food, Cloths, Cosmetics, Footwear, electronics and Fashion accuracies just think before you buy.  

 

Tip: World still has a lot of growth ahead and the future holds immense opportunities for us. Let us make the most of it and save and invest it wisely instead of wasting our precious little on things we don't need.  

 

5.Try to balance life with work (No one is happy to work in their profession’s) .  

 

6. Don’t stress out your self, after work try to do some extra activities like swimming, yoga, walking, running where you can divert your mind from stress.  

 

A thumb rule: Health is more important than money.  

 

7.Try to understand each other (Wife and Husband) in financial matter’s and help each other.  

 

Tip: As soon as you get your monthly salary, set aside a fixed amount, usually 35 per cent, for insurance, savings and investments. You can then spend the rest.  

 

8. Not all loans are bad. Loans that are 'need based' (home loans, education loans) can always find a place in your finances against those that are largely 'want based' (Credit cards, personal loans, car loans).  

 

9. Borrow only if repayment is financially comfortable.  

 

A thumb rule: Keep EMIs within 35 to 45 per cent of your monthly income  

 

In that respect, there is one American who I really respect - WARREN BUFFET. He has lived in the same ordinary house for over three decades, drives his own medium sized car and leads an extremely regular 'middle class' life. If that's all it takes for the richest person on earth to be happy, why do all of us need to take extra stress just so that we can get things which aren't even essential?

 

It's interesting article by Yogesh Chhabria.

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