Saturday, November 16, 2013

Don't you keep, all money in a single basket

DO NOT KEEP all our money at a single place. Means, do not keep all of it in a single bank account or investing all of it at one place.

Break it and store may be in multiple bank accounts or invest in small sums. Investing does not mean only in share markets. One may like to invest it in some kind of property, say land, home, or may be a little on gold and silver. One might like to invest a little in one of friend’s business.

The central theme is of de-centralizing it. Its not like only India is Corrupt. More developed the country is, more corrupted it is. We all must have heard of Pareto principle (80-20 rule) but when it comes to United States, worse it is. Are you aware that in USA 1% of total population owns about 95% of money and rest 95% of population holds only 5% wealth.

In today’s world, economies of countries are co-related and dependent upon each other. If a collapse will start at a place, it won’t be held back to the physical boundaries of that particular country. It will spread and affect entire world. The 2007 recession started in USA due to bad deregulations laws in that country and it hurt entire world. Although, India was affected but not as badly as European or other countries and they cite black-money as its core.

Bottom-line is as a wise man said,
"Do not put all your eggs in one basket."