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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.)

Opposition slams PM Narendra Modi over ‘puncture repair’ comment on Muslims, Waqf properties



Opposition leaders have strongly criticised Prime Minister Narendra Modi for a recent comment suggesting that young Muslims wouldn’t have to repair punctures for a living if Waqf properties—land and assets meant for religious or charitable use under Islamic law—had been used honestly.


Speaking at the inauguration of an airport in Hisar, Haryana, on Sunday, PM Modi said that lakhs of hectares of Waqf land had been misused. “If Waqf properties had been used honestly, Muslim youths wouldn’t need to earn their livelihood by repairing bicycle punctures. Only a few land mafias benefited from these properties. These mafias were grabbing land belonging to Dalits, backward communities, and widows,” he said. He added that changes made to the Waqf law would address this issue.


AIMIM leader and Hyderabad MP Asaduddin Owaisi hit back, saying, “If the RSS had used its ideology and resources in the country’s interest, you wouldn’t have had to sell tea in your childhood.” He questioned what the Prime Minister had done for the poor—both Hindus and Muslims—during his 11 years in office. Owaisi added that the root problem was that Waqf laws had always been weak and argued that the recent amendments would only make them weaker.


Congress Rajya Sabha MP Imran Pratapgarhi said the Prime Minister's comment about Muslims repairing punctures was the kind of language often used by online trolls. “Such remarks don’t suit the Prime Minister. It is your government that has pushed the youth into a situation where there are no jobs, and people are left with no option but to repair punctures or sell fritters,” he said.


“Muslims don’t just make punctures. I could list many of their contributions, but this is not the time. You accuse Congress of supporting Muslims—do you hate them? If not, why did you sideline leaders like Mukhtar Abbas Naqvi, Shahnawaz Hussain, MJ Akbar, and Zafar Islam?” he asked.


He also criticised the government for claiming to support Muslims while not having a single Muslim MP in the Lok Sabha to present the Waqf Bill. “You talk about the rights of Muslim women, but there is no Muslim woman in your party in the Lok Sabha, Rajya Sabha, or any state Assembly,” he added.


Congress spokesperson Supriya Shrinate also questioned the Prime Minister, asking why he didn’t pay tribute to Dr BR Ambedkar—chief architect of the Constitution—on his birth anniversary in Parliament. In response to PM Modi’s jibe about Congress not appointing a Muslim party chief, Shrinate asked why the BJP doesn’t have a Dalit Chief Minister.


The Prime Minister had accused the Congress of appeasement politics, saying it harmed Muslims. “Congress only made a few fundamentalists happy, while the rest of the Muslim community remained poor and uneducated. The Waqf law is proof of that wrong approach,” he said.


The Waqf Amendment Bill, which passed Parliament earlier this month and is now an Act, was opposed by Congress and other Opposition parties. They claim the government is targeting minority communities and aiming to control Waqf properties. The BJP, on the other hand, says the amendments are necessary for better and more transparent management of Waqf assets.

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