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Showing posts from March, 2021

Law of Attraction

If you had a magic lamp with a genie who could grant you 3 wishes, what would you ask for? I am sure one of your wishes will be for more money (probably a lot of money). If so, you are not alone. Almost every one wishes he had more financial freedom in his life. Sadly, most of us try to grow our wealth in the wrong way. It is our belief that it is all about working harder or longer hours. But the secret is not about how hard you work. It's about changing the way you think about money. What is required is how to develop a powerful wealth mindset. It's time to unlock your true money making potential and liberate yourself from financial worries once and for all. Use the law of attraction to overcome your limiting beliefs about money, so that you can generate the wealth in abundance. *Activating the Law of Attraction* Law of Attraction is one of the most powerful forces in the world. It surrounds us, affects us and can be used to positively impact our future. Like gravity, it...

Married Women's Property Act - Implications on Life Insurance Policies

The Married Women's Property (MWP) Act was enacted with a view to protect the properties of women against the creditors. Under MWP Act all the properties that belong to the women gets insulated and protected from all the other court attachments or any income tax department attachments that the husband has run up. Let's take an example of a business family; the family could be a trader or a manufacturer or any other business. In due course of business there are some credit limits or there are bank loans, which have been taken by the business. The bank secures these credit limits against the assets of the business and also takes a personal guarantee of the owner of the business which could be the husband or the family. In case of the untimely death of the husband the bank starts recovering their loans and in the process they liquidate the assets of the business and also they attach the properties that belong to the guarantor, which in this case is the husband. In order to p...

Investment Lessons - Paradoxes of successful investing

Speculation can be fun. But investing is not supposed to be fun. Wise investors saw it for what it is: a temporary price adjustment based on nonfundamental factors. Some people like to keep a small portion of their money in cash for exactly this kind of speculative event. Speculation is fun. It's why a lot of people love investing, and if you speculate with only money you can afford to lose, events like these can be exciting and sometimes profitable. If you are new to investing and don't understand the difference between fundamental value and market price, this is not for you. If you are considering putting money on the line that you need for your present or future security: stop, breathe, and walk away. Just like you wouldn't take your rent money to Las Vegas, don't put your life savings on the line trying to guess what the herd will do next. If you can't afford to be wrong, don't make the bet. And certainly not with money you cannot afford to lose. *Bore...

THE VISION EXERCISE - Create Your Future from your Future, not Your Past

The following exercise is designed to help you clarify your vision. Although you could do this as a strictly mental exercise by just thinking about the answers and then writing them down, I want to encourage you to go deeper than that. If you do, you will get deeper answers that serve you better. Start by putting on some relaxing music and sitting quietly in a comfortable environment where you won’t be disturbed. Then, close your eyes and ask your subconscious mind to give you images of what your ideal life would look like if you could have it exactly the way you want it, in each of the following categories. *1. First, focus on the financial area of your life.* (This is most important for Financial Services Intermediaries.) What is your annual income? What does your cash flow look like? How much money do you have in savings and investments? What is your total net worth? Next How would you like your home look like? Where should it be located? Does it have a view? What kin...