Assessment of your Financial Fitness

Discipline:  What are the ways in which you spend and save? Net Income: Should grow each year by at least 7% to 9% to keep up with inflation. Maintain multiple sources of income, both active and passive. The 50-30-20 rule: Allocate 50% of your income for need-based expenses, 30% for want based, and the remaining 20% for savings. Preparedness: How prepared are you to weather financial shocks? Liquidity:  A thumb rule is to keep 6 months of expenses in liquid savings Persistence: Your ability to manage debt and pursue essential life goals Debt to income (DTI) ratio: Ideal DTI ratio should be 30% or under  Credit Score: Higher your credit score (CIBIL or equivalent), the better your chances of securing credit from Banks & NFBCs. Check the health of your wealth! You are financially fit when you: Maintain a balance between income & spends Build and keep adequate reserves Prioritize saving & investments over spending. Have the ability to recover from a financial shock Can servic

IITian In Service Of The Nation

  From maintaining the utilitarian website with lakhs views to becoming the National Social Service (NSS) & Unnat Bharat Abhiyan (UBA), IIT Kanpur's Student Coordinator, my life has been full of ups and downs and never short of a roller coaster ride. I have been living in a hostel away from my family for the past 17 years, and as a consequence, I had a very unusual childhood. It is what made social service seem appealing to me in the first place. I was in class 3 when I was first admitted to a hostel. Soon after, I made an unsuccessful attempt at running away. When I was caught and brought back, I started submitting blank sheets in the exams and intentionally failed. My parents saw through my trick and asked me to repeat the same class until I passed. With no way of escape in sight, I started working on making my stay better. Ironically enough, studies quickly became my best companion. However, I had limited academic guidance, and when I looked around, I found plenty like me.

To Say or Not to Say

My name is Raja Babu, from IIT Kanpur. Oops, I think most of you would be knowing me. I feel grateful for the love and support that I received because of my website. A sophomore from CSE IITK, Alok Gautam, contacted me to share my experiences, and I was thinking about what to share. So, I requested him to ask the questions which he wants to get addressed. It is 04:42 AM, and I am sitting on the study table with my love, i.e., my laptop, to give wing to my words. Alok: In short, how was your stay at IIT Kanpur? Raja: On 20 July, I joined the IIT Kanpur family; it was one of the best days of my life. The first week was enjoyable due to the orientation session, but after that, lows & highs became part of life.    Alok: What is your view about the mental health of the students? Raja: After clearing JEE, you joined IIT. You have excellent knowledge in the field of Engineering, but I request you to take care of your health. The environment was stressful & I had also suffered from D

Faith Recollection @ TheRkvvm

 18/01/2012 I don't quite remember my first day in Vidyamandir, but I know the difference between my level that day and today. For everything I have acquired in my life, for what I am, for where I am today, I owe a lot to vidyamandir. Good morning, everybody present here. On this auspicious day of the 30th foundation day of vidyamandir, I, Raja Babu, being the oldest student of this institute, present here to share my experience of 9 long years in short. When I walked into vidaymandir in 2003, I could barely frame a sentence. I remember my teachers and those in particular who supported me and always landed a helping hand. Leaving behind a couple of bad experiences, I got very helpful teachers who were a great mentor. I was a terrible student; the supports and encouragements I got were exhilarating. Unknowingly, I developed an interest in Science & Technology, and it's just amazing. It's been more than 8 years. I am studying here and have seen many changes in every field

Dynamics of Success

Dear readers, here are just a few suggestions. I may be wrong somewhere. 1. NEVER QUIT WHEN FACED WITH CHALLENGES. VK Bansal Sir( Bansal Classes, Kota), his determination, dedication has organized an unknown industry to the tune of 5000 crores besides enlightening thousands of IITians 2. BELIEVING IN WHAT YOU THINK AND DO. ANNA and Kejarival, who have done what they believed to be right; hopefully, they climb the ladders of success. Some of the greatest entrepreneurs ventured in the unusual fields, where no one could have imagined or dared to venture. Shri Shri Ravishankar Ji - through the art of living, Baba Ram Dev - through his Yogashiksha and Patanjali Peeth, Shehnaj Hussain, Zaved Habib -revolutionary Herbal cosmetics champs.  3.ADAPTABILITY TO CIRCUMSTANCES. Sachin Tendulkar adopted with injuries, changing his style of play, but his versatility lies in the fact that he is the best player in all the game formats. 4.PASSIONATE ABOUT THE TASK IN HAND. Amir

Mental Toughness For IIT-JEE

1. I can not solve numerical problems because my concepts are not clear -> In fact, numerical solving itself is an exercise to learn concepts. 2. I can not study because I am in depression. I fell into it because I was not studying -> Start studying, and don't think about failures, as failure is an integral part of learning. If the feeling of depression persists, then consult a Psychiatrist.  3. I understand everything in class, but can not solve it on my own -> WRITING work is vital. It is a combination of multiple activities; the initial idea comes in mind, then we put into a language to express it. We focus on hand-eye coordination, and eyes create a visual impression on the brain. WRITING WORKS ARE EMBOSSED ON BRAIN LIKE CARVINGS OF AJANTA CAVES. 4. In exams, my brain goes blank, but I can crack them at home -> The home attempt is your second attempt, you are contemplating it while home back. You do not behave differently in the exam, replicating your