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From the Rat Race to Financial Freedom... A common man's journey
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Happiness Unlimited...How to be happy..always !!
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Dream On...Every setback is a little nudge from HIM to Dream On
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The Autobiography Of A Stock
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A Father's Diary
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Manoj Arora    About Me
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Corporate & Family Gifts   Corporate & Family Gifts [NEW]

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Sunday, August 31, 2014

Book Launch : Happiness Unlimited : Start of another beautiful journey

In Dec 2012, while my first book (From the Rat Race to Financial Freedom) was still not published, the journey towards everlasting happiness had already started. Yesterday, during the book launch, it was a major milestone to move forward in this beautiful journey towards unlimited happiness.

We did multiple group activities as a part of the launch - to gather a few life lessons that will serve us in the times to come, and help us lead happier lives.

(1) Who is responsible for how you feel in any situation?
Even if someone fires at you, someone hits you, shouts at you, bangs your car, doesn't obey you or irritates you in any form you can think of - remember that how you feel after that trigger is always your own creation, and if happiness is important for you - you can decide to feel the way you want. Obviously this needs practice but it can be done.

(2) No one is ever wrong
It is a myth that if there is a fight over an issue in a family, then it has to be someone's mistake. We saw that it is because of the past journeys from multiple births and experiences in this birth that each one of us behaves in a specific manner. And the fact is that it is no one's mistake - ever.

(3) You cannot achieve anything alone.
There are hundreds of known and unknown factors that have to sync together to make things happen for you. You do not control most of those factors, though you often take them for granted. Someone else by the name of GOD manages them. You better leave it to HIM what is not in your control. Understanding and absorbing the fact that you can only do sincere efforts, and do not control the result helps you experience happiness unlimited in your life.

(4) Your celebrities live so close to you
You don't need to look outside. Look inside and within your family. You will find enough celebrities which are helping you in your mission in life.

It was a super gathering. Friends from far off places, relatives, family members - there are so many i wanted to thank...and i did try my best to thank them on Facebook...There were so many others who made an attempt but were stuck in traffic or school PTMs or other genuine family constraints. I know that they sincerely wanted to be there with me as we all set ourselves together to embark on this new journey.

I have not achieved this. But I have made a sincere effort. The achievement becomes feasible only with each one of you supporting this great cause of elevating our society.

Some snaps to go with:

You are in for a treat as we help thousands of people lead a happier life. We will all improve our quality of our lives as we learn to stay happy.

Register on the links below and for any queries, write to us at help@manoj-arora.com
Get set, and here we go..


Manoj Arora
Be happy - always !!

Sunday, August 17, 2014

How powerful can compound interest be?

The other day, my 12 year daughter came to me after checking her online account, and started to discuss about the interest that was credited to her bank account. She had done some mental analysis, and wanted to understand how powerful compound interest can be?

There is hardly anyone who would not have heard about Compound Interest. But perhaps the biggest tragedy of our financial life is the extent to which we underestimate the immense power it holds. Compounding works with time leverage and has the potential to create such immense wealth, that you just cannot foresee it enough. 

Let me ask you a very simple question. Imagine holding a normal paper sheet (approx 0.1 mm thick). Try folding it in half, so as to double its thickness. Fold it once again to double its thickness further. Do this 50 times. Just assume that you can physically fold it 50 times. Now, make a guess. What would be the approximate thickness of the paper after 50 folds? Few centimeters? Few meters? No. It is higher. It is stunningly higher. The approximate thickness of a normal paper after 50 folds would be more than 112 Million Kilometers! Yes, believe me. It is true. Try using a calculator if you want. And imagine what would happen if we allowed just one more fold. We would achieve in the next one fold, what we achieved in last 50 folds.

This is how powerful compounding is, provided you give it enough time to create an impact. The only reason most people get disguised and are unable to realise its true power, is because compounding works on the concept of delayed gratification, wherein, you do not really see its impact for the major part of the tenure. But the magic happens in the last part of the tenure, wherein, it just explodes exponentially. 

To a common man, compounding has always been just some extra interest over interest. But for a smart investor, it is, as Albert Einstein described, the 8th wonder of the world.

Saturday, August 16, 2014

Mark Your Calendar : The Book Launch is here !!

Unlimited Happiness in your lives is not far away....as we are getting all set for the book launch on 30th Aug 2014 at the Delhi Book Fair at Pragati Maidan, New Delhi.

This will be a launch with a difference. 
We will have discussions, group workshops to take home the point - and the point is that there is nothing in this universe that is more important for you than experiencing your own happiness.
You will also discover that if you understand yourself, you are already happy.
We will discuss, debate, participate, and try and learn a few attitudes which will ensure that we stay happy..always !! And never lose our happiness to any person, situation or objects around us.

Yes, this relentless defense of happiness takes some serious practice, and we will equip you with the required tools that will help you practice it in your daily life. Grab a few complimentary "Destiny Cards" from me during the launch, and learn how to use those cards to lead yourself towards a happy and fulfilling destiny.

So, come over to:
Auditorium above Hall No. 8A
Pragati Maidan, New Delhi

Saturday, 30th August 2014 at 10:30 AM and occupy your seat. 

You are in for a treat. We will all improve our quality of our lives as we learn to stay happy.
For any queries, write to us at help@manoj-arora.com


Manoj Arora
Be happy - always !!

Monday, August 11, 2014

Does NPS investments fall under Section 80C? (QandA : 011)

Question : 011
Does NPS investments fall under Section 80C?
National Pension Scheme (NPS) has been the buzzword of discussions off late. Lot of our readers wrote to us wanting to understand if there are any additional tax benefits of NPS over and above what Section 80C has to offer?

Answer : 011
There are a number of options that people use today to save for their pension needs, for example Employee Provident Fund (EPF), Voluntary Provident Fund (VPF) and Public Provident Fund (PPF). Employees also benefit from various schemes from their employers like the superannuation, and also various annuity products available in the market.

Some of the products like PPF or EPF and other pension plans are already covered under Section 80C where the maximum investment that will gain tax benefit is Rs 1.5 Lacs (as per the 2014 Budget). Section 80C is already so overcrowded that those who have an investible surplus are already over invested here.

Here comes NPS (National Pension Scheme) scheme from the government and there is a lot of confusion whether the invested principle amount would also add to this over crowd of NPS?
For a clarity on this, we must understand that there are two ways one can contribute to the NPS - one as an individual contributor, and the other, as a Corporate contributor.

As an individual contributor
Any employee can start contributing to NPS as an individual contributor. But please note that as an individual, your contribution will fall under Section 80C limit of Rs 1.5 Lacs.

As a corporate contributor
NPS investment, if done through an employer(corporate NPS) will enjoy tax benefit of up to 10% of the basic and is available in addition to the Rs 1.5 Lacs benefit under Section 80C. This means that an additional money (up to a maximum of 10% of your Basic salary) becomes non taxable at the time of investment. This rebate falls under Section 80CCD of the Income Tax act.
For this to happen, your employer must re-structure your salary package to take the NPS contribution under a separate head. You may need to connect with the HR / payroll division of your employer to see if this is feasible.

A word of caution, however, is that the withdrawal from NPS is fully taxable. You can read more about the NPS and some of its demerits by clicking here.

Related Posts:


Manoj Arora
Freedom can buy you....what money cannot !!

Author’s Life Mission | Freedom portal | Author's Fan Page | Blog | Face Book  | Google+ |  YouTube | Read Book Reviews | Twitter | Ask for help

Monday, August 04, 2014

Why should you read books - like mad.

A journalist once asked Sachin Tendulkar, "With a bowl coming at 100 miles per hour on a 22 yards pitch, how do you decide which shot to play in a fraction of a second?"
"We cannot decide. We are trained not to apply too much of mind at that time." came an honest response from one of the greatest batsman the world has ever seen.

Saturday, August 02, 2014

Is switching of funds taxable (QandA : 010)

Question : 010
Is switching of funds taxable?
Let us say you want to switch from one mutual fund to another (of the same or another company) fund in less than 12 months. Will the switching attract short term capital gains tax?

Answer : 010
Yes, Switch in and switch out would be treated as transfer for the purpose of deciding whether a transaction is liable to capital gains tax.
In case of switch in/out, an individual merely moves out of one fund and moves into another fund. This is tantamount to selling your funds from one mutual fund house and buying some funds in a different mutual fund house.
Let's take an example:
Mutual FundNAV (Rs)UnitsValue (Rs)
XYZ (Switch Out Unit)12100012000
ABC (Switch In Unit)1580012000

As you can see in the above example, the individual effectively sells a particular unit and buys another unit with the sale proceeds. Please note that the money does not flow into the hands of the investor but the sale proceeds is reinvested in another unit that may have a unit value higher/lower than the one being sold. Accordingly the number of units may be reduced/increased due to the unit NAV. 

So, be careful before you switch mutual funds. Your broker or fund house may not warn you from the taxation angle, but you ought to take care, for it is your money.

Related Posts:


Manoj Arora
Freedom can buy you....what money cannot !!

Author’s Life Mission | Freedom portal | Author's Fan Page | Blog | Face Book  | Google+ |  YouTube | Read Book Reviews | Twitter | Ask for help