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By:

Kaustubh Kale

10 September 2024 at 6:07:15 pm

April and Summer Vacations

While I definitely love my work, April always makes me nostalgic about a concept we all loved as children - summer vacations. Summer vacations meant freedom. They meant slower mornings, afternoon naps, mangoes, learning a hobby, family trips, cricket with friends, and the simple joy of not having to look at the clock every hour. It was a time filled with excitement, relaxation, and the feeling that life could be enjoyed at your own pace. As adults, however, that feeling becomes rare. We wait...

April and Summer Vacations

While I definitely love my work, April always makes me nostalgic about a concept we all loved as children - summer vacations. Summer vacations meant freedom. They meant slower mornings, afternoon naps, mangoes, learning a hobby, family trips, cricket with friends, and the simple joy of not having to look at the clock every hour. It was a time filled with excitement, relaxation, and the feeling that life could be enjoyed at your own pace. As adults, however, that feeling becomes rare. We wait for long weekends, public holidays, and a few precious vacation days to truly unwind. That naturally raises an important question - why do we need to escape from work to enjoy life? Why can every day not feel a little more like a summer vacation? Well, in the long run, it can. The secret lies in giving your future self through investing. Power of Money One gift that keeps on giving, whether you are working, travelling, relaxing, or spending time with your loved ones, is the power of money working for you. The beauty of investing is that, even while you are taking a break, your investments can continue growing quietly in the background. Good businesses (stocks) keep working. Mutual funds keep compounding. Over time, your money begins to create support systems that are not dependent only on your daily effort. That is the real magic of investing. It gives you options. It gives you flexibility. And eventually, it can give you freedom. Investing Is a Habit Of course, this does not happen overnight. Financial freedom is not built in one summer. It is built through years of discipline. Saving and investing are habits, and like all good habits, they start small and strengthen over time. You do not need to be ultra-wealthy or a financial expert to begin. You simply need the willingness to start, the patience to stay consistent, and the wisdom to invest in the right places. Your investments must align with your financial goals and ideally be in inflation-beating assets such as equity and hybrid mutual funds, direct stocks, and gold. The idea is simple - your money should not sit idle while prices keep rising around you. It should grow, compound, and participate in your journey toward a better future. Twenty Years Can Change Two decades of sensible and disciplined investing can change the entire texture of your life. After 20 years of smart investing, your life can begin to feel far less dependent on fixed schedules, salary cycles, and constant financial pressure. Your whole year can start feeling lighter, more flexible, and more enjoyable. That is the true goal - not merely wealth, but freedom. Thought for April So, as April reminds you of childhood summers and carefree days, let it also remind you of something deeper. Start investing. Invest sufficiently. Stay consistent. Let your money work while you rest. Because the real summer vacation is not one that lasts for a month. It is the one that financial freedom can give you for life. (The writer is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

BMC auctioning three land parcels to raise funds, says Aaditya

Updated: Oct 22, 2024

Aaditya

Mumbai: Shiv Sena (UBT) leader Aaditya Thackeray on Thursday alleged Mumbai’s civic body had decided to auction three land parcels to raise funds and make up for the “loot” of the metropolis by the Eknath Shinde government.


The Brihanmumbai Municipal Corporation, which is being run by an administrator now, has decided to auction the Chhatrapati Shivaji Maharaj Mandi (Market), the Brihanmumbai Electric Supply and Transport (BEST) Malabar Hill Receiving Station and the Worli Asphalt Plant, Thackeray pointed out.


“The sale of Mumbai is being done by the Eknath Shinde regime to benefit its favourite builders and contractors,” he alleged.


A criminal investigation will be conducted into the matter after the Maha Vikas Aghadi government comes to power, Thackeray added.


“So on one end, they looted the BMC and Mumbai and gave the money to their favourite contractors. Now, by auctioning these iconic and important land parcels, the BMC will be left without both funds and plots,” the Shiv Sena (UBT) leader and former state minister claimed.


When Shiv Sena started controlling the BMC in 1997, its finances were in deficit but by 2022 his party turned around the fiscal health of the civic body, Thackeray said.


Alleging that the Shinde government wants to drive Kolis and fisherfolk out of Mumbai, he said, “We will oppose this. It has to remain and be made into a fish market, and (should be) in the ownership of the BMC.”


Aaditya puppet for urban naxals: Shelar

Bharatiya Janata Party ( BJP ) Mumbai chief Ashish Shelar has called Uddhav Thackeray’s son and Shiv Sena (UBT) leader Aaditya Thackeray as a puppet for urban naxals after former’s comments on the Dharavi Redevelopment project and has also challenged him for a debate.

Ashish Shelar said that the project is a necessity and a priority project, adding that Uddhav Thackeray-led Shiv Sena and Congressleader Varsha Gaikwad are peddling lies.

Aaditya Thackeray seems to have become the spokesperson of urban Naxals. Without studying the subject (Dharavi) in detail, Aaditya Thackeray is speaking like an ignorant. I have seen that these people have been trying to set a narrative regarding Dharavi and the re-development work,” Ashish Shelar said.

He challenged Aaditya Thackeray and Varsha Gaikwad in a debate on the Dharavi Redevelopment Project.

“Uddhav ji and the people of his party – Aaditya Thackeray and Varsha Gaikwad have started this false narrative regarding Dharavi. I openly challenge Aaditya for a debate. I want to ask him that 70 per cent of the homes in the Dharavi Redevelopment Project will go to Marathi people, Muslims and Dalits. It is their rightful home, so why are they putting roadblocks by creating a false narrative?”

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