Posts

Inflation and Gold

  Inflation Inflation is a measure of the general increase in prices of goods and services in an economy over a period of time. In India, inflation is primarily measured by the Consumer Price Index (CPI) and the Wholesale Price Index (WPI). Consumer Price Index (CPI): The CPI measures changes in the prices of a basket of goods and services consumed by urban and rural households. It is released monthly by the Ministry of Statistics and Programme Implementation, Government of India. The components of the basket include food, beverages, clothing, housing, fuel, transport, medical care, education, and other miscellaneous items. Wholesale Price Index (WPI): The WPI measures changes in the prices of goods at the wholesale level. It includes commodities traded in the wholesale market, such as minerals, manufactured products, agricultural products, and fuel. The WPI is released by the Office of the Economic Adviser, Ministry of Commerce and Industry, Government of India. In recen...

Top 10 world’s highly weak currencies.

  Top 10 world’s highly weak currencies.   Iranian Rial (IRR): The Iranian Rial has been facing significant devaluation due to economic sanctions and high inflation in Iran. It has a large number of zeroes in its exchange rate, making it one of the weakest currencies. Vietnamese Dong (VND): The Vietnamese Dong is a currency with low value compared to major international currencies. Vietnam's economic challenges and inflationary pressures contribute to its weakness. Indonesian Rupiah (IDR): The Indonesian Rupiah faces volatility and depreciation against major currencies due to factors such as inflation, current account deficits, and economic instability. Guinean Franc (GNF): The Guinean Franc is the currency of Guinea and is considered one of the weakest currencies due to a combination of factors, including political instability, high inflation, and limited economic development. Lao Kip (LAK): Th...

Top 10 world’s highly powerful currencies

  Top 10 world’s highly powerful currencies   United States Dollar (USD): The USD is the most widely used currency globally, backed by the largest economy in the world, the United States. It serves as the primary reserve currency for many countries and is widely accepted in international trade. Euro (EUR): The Euro is the official currency of the Eurozone, which consists of 19 European Union member states. It is the second most traded currency worldwide and represents a significant economic and political force in the European Union. Japanese Yen (JPY): The Japanese Yen is the currency of Japan, the world's third-largest economy. It is considered a safe-haven currency and is widely used in carry trades due to low-interest rates in Japan. British Pound Sterling (GBP): The GBP is the currency of the United Kingdom. It has a long history and remains an important currency in international trade an...

The eight forms of Laxmi

The eight forms of Laxmi In Indian culture, "Laxmi" refers to the Hindu goddess of wealth, prosperity, and good fortune. According to Hindu mythology, there are believed to be eight different forms of the goddess Laxmi, each associated with a specific type of wealth or blessing. These eight forms are known as the Ashtalakshmi and are commonly worshipped during festivals and other auspicious occasions.   The eight forms of Laxmi are: Ø   Adi Laxmi - The primal form of Laxmi, associated with divine power and energy. Ø   Dhana Laxmi - The form of Laxmi associated with material wealth and financial prosperity. Ø   Dhanya Laxmi - The form of Laxmi associated with agricultural wealth and food abundance. Ø   Gaja Laxmi - The form of Laxmi associated with the blessings of animals, particularly elephants. Ø   Santana Laxmi - The form of Laxmi associated with fertility, childbirth, and the blessings of children. Ø   Veera Laxmi - The form of La...

Money (introduction )

  Money (introduction ) It seems there is no need to write to tell people about money, since everyone knows money and familiar with money.That is to say people know the sources, uses and effects of money in our daily life. But the truth is, few people are well informed (educated) about money and how to make the money; for the majority of people know that they need to be really oriented, may be fully train in order for them to prosper. be financially freed. And to live a good life or do something stupendous to the world. First understand that to make money, Knowledge is indispensable despite your profession(s). Before I went to University to study Accounting and Financial Management, I used to earned money, so much money, like everyone else does. But because of inadequate knowledge I had about how money works, I wasn't able to SAVE nor INVEST my money. I couldn't help SPENDING; spending became uncontrollable. Imagine the badness of living from hand to mouth life style. For yo...

The key to financial freedom and great wealth.

 T he key to financial freedom and great wealth is a person's ability to convert earned income into passive income and/or portfolio income. (Robert Kiyosaki). People with so much money are usually tempted to think they can never be broke. Unfortunately this is not usually the case. I have personally seen people with so much money lose it all and become depressed. It has happened to many lottery winners , athletes, musicians etc. What would cause someone with millions of dollars lose all their money almost overnight?Unlike the lottery the pain hits differently when you have worked so hard to earn your money . The sad truth is if one has failed to manage $100, they can't manage $1,000. And if such a person won $100, 000 they still won't manage and they will get back to zero. A wise man once said " If all the money in the world was distributed equally to everyone in the world, after some time, the money would still go back to those who had more." .That is simply beca...

How to make money with any knowledge you have.

Image
  How to make money with any knowledge you have. Making money has never been easier, especially with the rise of the internet and all its media platforms. I'll be sharing a little strategy that can help you make money from any little knowledge you have without spending money. The first step is picking what kind of knowledge you would like to share. We will be using knowledge of candle making. If you know how to make candles, the next step is to pick a social media platform where your target audience are. For candle making, I would recommend Facebook because there are a lot of students and stay at home moms who would be interested in such a business. -The next step is to open a Facebook account or page and optimize it in a way that makes people to respect you at first glance and deem you a professional. -The next thing to do is to share knowledge on candle creation for free. This means that everyday, you make posts on how to create candles, the tips and tricks that could be effectiv...