#diwali
diwali
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The Diwali bonus is the easiest money of the year to waste, because it arrives with a reason to spend it attached.
The one rule that works: decide the split before the money lands. Once it is in the account, every shop has a plan for it. Before that, you do.
The split I use for any lump sum, bonus or not:
A third to the cushion. Emergency fund if it is below six months. If the fund is full, the most expensive loan, usually the credit card or a personal loan. Paying off 18% debt is an 18% return, guaranteed, tax free. No fund offers that.
A third to the long bucket. Index fund, PPF top up, a one time Bitcoin buy sized like a month of SIP, not like a lottery ticket. Money that you will not see again until it has doubled.
A third to Diwali. Gifts, the trip, the one thing you wanted all year. Spent without guilt, because the other two thirds already did their job.
The mistake I made for years: spending the whole bonus and telling myself the SIP covers the investing. The SIP covers the salary. The bonus was the only money that could have moved the needle, and it went into a phone I replaced eighteen months later.
Bonus coming this week? Write the three numbers now, before it arrives.
What is your bonus split this year? Thirds, or something else?
Education only, not financial advice.
$BTC #Diwali #PersonalFinance #MoneyHabits
The Diwali bonus is the easiest money of the year to waste, because it arrives with a reason to spend it attached.
The one rule that works: decide the split before the money lands. Once it is in the account, every shop has a plan for it. Before that, you do.
The split I use for any lump sum, bonus or not:
A third to the cushion. Emergency fund if it is below six months. If the fund is full, the most expensive loan, usually the credit card or a personal loan. Paying off 18% debt is an 18% return, guaranteed, tax free. No fund offers that.
A third to the long bucket. Index fund, PPF top up, a one time Bitcoin buy sized like a month of SIP, not like a lottery ticket. Money that you will not see again until it has doubled.
A third to Diwali. Gifts, the trip, the one thing you wanted all year. Spent without guilt, because the other two thirds already did their job.
The mistake I made for years: spending the whole bonus and telling myself the SIP covers the investing. The SIP covers the salary. The bonus was the only money that could have moved the needle, and it went into a phone I replaced eighteen months later.
Bonus coming this week? Write the three numbers now, before it arrives.
What is your bonus split this year? Thirds, or something else?
Education only, not financial advice.
$BTC #Diwali #PersonalFinance #MoneyHabits
The one rule that works: decide the split before the money lands. Once it is in the account, every shop has a plan for it. Before that, you do.
The split I use for any lump sum, bonus or not:
A third to the cushion. Emergency fund if it is below six months. If the fund is full, the most expensive loan, usually the credit card or a personal loan. Paying off 18% debt is an 18% return, guaranteed, tax free. No fund offers that.
A third to the long bucket. Index fund, PPF top up, a one time Bitcoin buy sized like a month of SIP, not like a lottery ticket. Money that you will not see again until it has doubled.
A third to Diwali. Gifts, the trip, the one thing you wanted all year. Spent without guilt, because the other two thirds already did their job.
The mistake I made for years: spending the whole bonus and telling myself the SIP covers the investing. The SIP covers the salary. The bonus was the only money that could have moved the needle, and it went into a phone I replaced eighteen months later.
Bonus coming this week? Write the three numbers now, before it arrives.
What is your bonus split this year? Thirds, or something else?
Education only, not financial advice.
$BTC #Diwali #PersonalFinance #MoneyHabits
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On Sunday evening, Indian exchanges open for one hour on a closed day. Muhurat trading. If you are new to it, here is the plain version.
What it is: a one hour session on Diwali evening, held since 1957 on the BSE, timed to the auspicious hour of Lakshmi Puja. Traditionally families bought a few shares as a token, the way you buy gold on Dhanteras. Not for profit. For the gesture.
What it is not: a signal. The session is thin, the moves are small, and nothing about the hour changes what a company earns next quarter. Over the years the Muhurat session has closed green more often than not, but one hour of symbolic buying tells you nothing about the twelve months after it.
How I use it:
The one token buy is of something I already own and would buy anyway, an index fund or a share of a company I understand. Never a tip from a Diwali stock list.
The real work happens that afternoon: the yearly review. What did I buy this year and why, what would I not buy again, what is the savings rate, is the emergency fund full. One hour, one page.
Crypto has no Muhurat, it never closes. My symbolic buy there is the same monthly Bitcoin amount, on the same date. The ritual is the discipline, not the day.
The tradition is lovely. The strategy is the boring stuff you do the other 364 days.
Do you do a Muhurat buy? What is your one share this year?
Education only, not financial advice.
$BTC #MuhuratTrading #Diwali #StockMarket
On Sunday evening, Indian exchanges open for one hour on a closed day. Muhurat trading. If you are new to it, here is the plain version.
What it is: a one hour session on Diwali evening, held since 1957 on the BSE, timed to the auspicious hour of Lakshmi Puja. Traditionally families bought a few shares as a token, the way you buy gold on Dhanteras. Not for profit. For the gesture.
What it is not: a signal. The session is thin, the moves are small, and nothing about the hour changes what a company earns next quarter. Over the years the Muhurat session has closed green more often than not, but one hour of symbolic buying tells you nothing about the twelve months after it.
How I use it:
The one token buy is of something I already own and would buy anyway, an index fund or a share of a company I understand. Never a tip from a Diwali stock list.
The real work happens that afternoon: the yearly review. What did I buy this year and why, what would I not buy again, what is the savings rate, is the emergency fund full. One hour, one page.
Crypto has no Muhurat, it never closes. My symbolic buy there is the same monthly Bitcoin amount, on the same date. The ritual is the discipline, not the day.
The tradition is lovely. The strategy is the boring stuff you do the other 364 days.
Do you do a Muhurat buy? What is your one share this year?
Education only, not financial advice.
$BTC #MuhuratTrading #Diwali #StockMarket
What it is: a one hour session on Diwali evening, held since 1957 on the BSE, timed to the auspicious hour of Lakshmi Puja. Traditionally families bought a few shares as a token, the way you buy gold on Dhanteras. Not for profit. For the gesture.
What it is not: a signal. The session is thin, the moves are small, and nothing about the hour changes what a company earns next quarter. Over the years the Muhurat session has closed green more often than not, but one hour of symbolic buying tells you nothing about the twelve months after it.
How I use it:
The one token buy is of something I already own and would buy anyway, an index fund or a share of a company I understand. Never a tip from a Diwali stock list.
The real work happens that afternoon: the yearly review. What did I buy this year and why, what would I not buy again, what is the savings rate, is the emergency fund full. One hour, one page.
Crypto has no Muhurat, it never closes. My symbolic buy there is the same monthly Bitcoin amount, on the same date. The ritual is the discipline, not the day.
The tradition is lovely. The strategy is the boring stuff you do the other 364 days.
Do you do a Muhurat buy? What is your one share this year?
Education only, not financial advice.
$BTC #MuhuratTrading #Diwali #StockMarket
Brook Braddy kQ29:
भैया सोलाना में 99 pe entry li hai kya karu hold karu ?
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Diwali is this Sunday, and someone at the family table will ask about Bitcoin. Here is how I explain it in five lines, without a single technical word.
1. What it is: money that lives on the internet, with no bank or government in the middle. You send it like a WhatsApp message, and it arrives in minutes anywhere in the world.
2. Why it has value: there will only ever be 21 million. Nobody can print more. Compare that with rupees or dollars, where more are printed every year.
3. Who controls it: nobody and everybody. Thousands of computers around the world keep the same record, so no single person can change it or switch it off.
4. Why the price moves so much: it is not even 18 years old and the whole world is still deciding what it is worth. Gold took thousands of years. This is the loud part of that process.
5. What can go wrong: you lose your password and the coins are gone forever. You keep them on an exchange and the exchange fails. Or you buy at the top because your cousin did. The technology is safe. People are the risk.
Then the question that always follows: should I buy? My answer at every dinner: only an amount you can forget about for five years, after the emergency fund and the insurance are done.
Save this for Sunday. How do you explain Bitcoin at home? Or do you avoid the topic?
Education only, not financial advice.
$BTC #Bitcoin #CryptoEducation #Diwali
Diwali is this Sunday, and someone at the family table will ask about Bitcoin. Here is how I explain it in five lines, without a single technical word.
1. What it is: money that lives on the internet, with no bank or government in the middle. You send it like a WhatsApp message, and it arrives in minutes anywhere in the world.
2. Why it has value: there will only ever be 21 million. Nobody can print more. Compare that with rupees or dollars, where more are printed every year.
3. Who controls it: nobody and everybody. Thousands of computers around the world keep the same record, so no single person can change it or switch it off.
4. Why the price moves so much: it is not even 18 years old and the whole world is still deciding what it is worth. Gold took thousands of years. This is the loud part of that process.
5. What can go wrong: you lose your password and the coins are gone forever. You keep them on an exchange and the exchange fails. Or you buy at the top because your cousin did. The technology is safe. People are the risk.
Then the question that always follows: should I buy? My answer at every dinner: only an amount you can forget about for five years, after the emergency fund and the insurance are done.
Save this for Sunday. How do you explain Bitcoin at home? Or do you avoid the topic?
Education only, not financial advice.
$BTC #Bitcoin #CryptoEducation #Diwali
1. What it is: money that lives on the internet, with no bank or government in the middle. You send it like a WhatsApp message, and it arrives in minutes anywhere in the world.
2. Why it has value: there will only ever be 21 million. Nobody can print more. Compare that with rupees or dollars, where more are printed every year.
3. Who controls it: nobody and everybody. Thousands of computers around the world keep the same record, so no single person can change it or switch it off.
4. Why the price moves so much: it is not even 18 years old and the whole world is still deciding what it is worth. Gold took thousands of years. This is the loud part of that process.
5. What can go wrong: you lose your password and the coins are gone forever. You keep them on an exchange and the exchange fails. Or you buy at the top because your cousin did. The technology is safe. People are the risk.
Then the question that always follows: should I buy? My answer at every dinner: only an amount you can forget about for five years, after the emergency fund and the insurance are done.
Save this for Sunday. How do you explain Bitcoin at home? Or do you avoid the topic?
Education only, not financial advice.
$BTC #Bitcoin #CryptoEducation #Diwali
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Wishing our amazing community a bright and joyful Diwali! 🪔
May this festival fill your life with happiness, success, and endless prosperity.
#Diwali
Wishing our amazing community a bright and joyful Diwali! 🪔
May this festival fill your life with happiness, success, and endless prosperity.
#Diwali
May this festival fill your life with happiness, success, and endless prosperity.
#Diwali
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