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By:

Kaustubh Kale

10 September 2024 at 6:07:15 pm

The Financial Magic of 8/8

AI Generated Image If numbers could talk, 8 would speak the language of wealth. When the date doubles into 8/8, it becomes more than another day. It becomes a reminder of financial power, balance and long-term abundance. Yesterday, the calendar read August 8 - 8/8. In astrology and numerology, this date is considered significant. The Lion’s Gate Portal August 8 marks the peak of what is known as the Lion’s Gate Portal - a period believed to carry heightened energy for growth, abundance and...

The Financial Magic of 8/8

AI Generated Image If numbers could talk, 8 would speak the language of wealth. When the date doubles into 8/8, it becomes more than another day. It becomes a reminder of financial power, balance and long-term abundance. Yesterday, the calendar read August 8 - 8/8. In astrology and numerology, this date is considered significant. The Lion’s Gate Portal August 8 marks the peak of what is known as the Lion’s Gate Portal - a period believed to carry heightened energy for growth, abundance and transformation. I am a financial advisor - not an astrologer or numerologist - but I find this date fascinating because of the symbolism attached to the number 8. In numerology, 8 is associated with wealth, power, ambition and balance. It is also linked with discipline, responsibility and karma - the idea that our actions produce results. When the calendar reads 8/8, many believe this energy is doubled. A Financial Checkpoint Whether or not you believe in astrology or numerology, the date can serve as a financial checkpoint - an opportunity to pause, reflect and take steps towards building wealth. I recommend treating 8/8 as a money mirror - a moment to ask yourself: Are my investments aligned with my long-term goals? Is my money working for me, or am I caught in an earn-and-spend cycle? Am I creating lasting wealth, or merely temporary income? Your Mid-Year Money Reset We often make resolutions on January 1. But by August, more than half the year has passed. That makes 8/8 an excellent occasion for a financial reset. Use this weekend for review and action. The intention may begin on a symbolic day, but transformation comes from what you do next. Review your goals and expenses. Make lumpsum investments where appropriate, increase your SIPs, check whether your insurance cover is sufficient and organise your financial documents. Also review your asset allocation. Money meant for long-term goals must be invested in hybrid and equity mutual funds, stocks and gold. Money required for short-term goals should remain in safer options such as bank fixed deposits and recurring deposits. Declutter Your Finances Close unused accounts, cancel unnecessary subscriptions, consolidate scattered investments and ensure that your family knows where financial information is stored. These may seem like small steps, but wealth is rarely created through one dramatic decision. It is built through disciplined actions repeated over many years. The Infinity Connection When the number 8 is turned on its side, it resembles the symbol for infinity - . That is what true investing is about - allowing consistency, patience and compounding to work over long periods. It does not create wealth overnight. Given time, the results can appear magical. Turn Intention Into Action As we move beyond 8/8, do not let the intention remain limited to a date on the calendar. Set a financial intention. Act on it. Review it regularly. Even the largest fortunes begin with focused steps. When your present-day financial actions begin matching your long-term goals, real transformation begins. (The writer is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Gates explores making of his internal operating system

Gates

Washington: As he prepares to turn 70 later this year, Microsoft founder Bill Gates' new memoir explores how his childhood quirks, upbringing, friendships and experiences coalesced into shaping his internal operating system.


In “Source Code: My Beginnings,” the first installment of a trilogy retracing his journey from an often misunderstood kid to a polarising technology titan to an influential philanthropist, Gates dissects his brain's unusual wiring, delves into the emotional trauma of his best friend dying while they were both in high school, and revisits the birth of Traf-O-Data, a startup that he launched in Albuquerque, New Mexico, with another childhood friend, Paul Allen.


Traf-O-Data, conceived to create software for the groundbreaking Altair computer made Micro Instrumentation and Telemetry Systems, became Microsoft in 1975 — a year it booked $16,005 in revenue while Gates and Allen were making $9 per hour.


By 1977, Microsoft had become successful enough to embolden Gates to drop out of Harvard University. In 1979, he had decided to move Microsoft to the Seattle area where he grew up. Although Gates stepped down as Microsoft's CEO 25 years ago, the Windows operating system and other software created under his reign remain the main pillar in a company that now generates $212 billion in annual revenue, boasts a $3.1 trillion market value, and accounts for most of Gates' $100 billion personal fortune.


“Source Code” ends with Gates's drive back to Seattle in 1979, meaning it doesn't touch upon his 1994 marriage to Melinda French, nor their 2021 divorce — one of the topics likely to come up in the sequels that he still intends to write as part of a retrospective trilogy.


“I am being reflective, which is not my normal mode, but it's kind of time,” Gates said during an interview about the book with The Associated Press. “As we went back and got teacher's comments or people I worked with at Harvard, it was fascinating. I had confused myself into thinking I got straight A's in ninth grade.”


That might not sound like much of a revelation, but it was a surprise to the cerebral Gates, who paints himself in the book as a “bratty smartass” prone to dismissively sneering, “That's the stupidest thing I ever heard,” about remarks that seemed nonsensical to him.


Gate's self-portrait is that of a nerd nicknamed “Trey” by his card-playing grandmother because he was the third male on this father's side of the family to be named Bill. He was a pipsqueak who had difficulty making friends and preferred living in his own head before he discovered computers, which became like slot machines that rewarded him for writing elegant lines of code.

When he did talk, the young Gates rocked back and forth like a metronome setting a rhythm for his brain — a habit that surfaced during parts of his 45-minute interview with the AP.


“It was a little weird because it was hard to direct my attention,” Gates recalled during the interview. “I had one year in school where they said, Oh we should put you ahead a couple grades.' And then another time, they said, No, we should hold you back.' And it's like, Well make up your mind.”

He didn't realise it as a boy, Gates has no doubt he was and still is neurodivergent who channelled that anomaly into learning to programme computers at the right time in the right place with the patient support of late parents.

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