Rich Dad Poor Dad

Hi Guys

If u havent read the book called "Rich Dad Poor Dad" read it as soon as u can.
It is a very good book that tells u what rat race is and how we all are getting sucked into it. I will not tell u what Rat Race is here as i hope u 2 read the book and find out.
The book is written by Mr. Robert Kiyosaki who has also written many other books like "Why we want you to be rich" by Robert Kiyosaki and Donald Trump.
Hey we all know Donald Trump. His Apprentice is gr8 2 wathch. He is one of the biggest real estate ownrs in America 2day. He was once in depth of more then a million but that dint make him tensed at all coz he bounced back. he is a gr8 idol and i consider him mine.
Neways back 2 the book the book is about Robert Kiyosaki's 2 dads One who was poor (by that he means Middle Class) and one who was rich that was actually his friends dad.
The difference in the opinion of the two dads, how they handled their finances etc is discussed in the book. The startegy of paying yourself first is also told in this which was the principal of the rich dad.
It also talks about financial literacy knowing how to plan ur finances etc.

This is a good book read it u will enjoy it n definitely will start thinking about ur finances. I sure started doing it.

Hindi mein Blog karo

Hi i just discovered a new thing in the ब्लॉगगर्. U can now type in Hindi. Isnt it coool and easy 2. Will tell u how to do it.

all u have to do is log on to u r bloger. Open u r blog and say new post.
Now a page will open that is will have an editor.

In that editor there will be two tabs Edit HTML and Compose.

Now type whatever u wanna type in Edt HTML tab. After u finish typing u r desired content just click on the COMPOSE tab.

Select the word u want to convert to Hindi orne other Indian Language ana click on the अ.
It will be automatically converted to Hindi.

Try it its fun.

Dus Ka Dum

Hi Dus Ka Dum is a gr8 show much better then any realty and ama show we have seen.
What say guys. Salamn Khan rocks in Dus Ka Dum he is awesome he is true in the show no fake.

All other actors hosting a game show or a realty show put on a fake face. Salman Khan aint that type of a celebrity he is awesome and he rocks.

Check out his blog on duskadum.blogspot.com

Compound Interest

Hi Guys this is my new blog for Stocks and Financial planning. Iw ill give you some tips on financial planning the ones i have used.
You obviously can followthese or modify it 2 make u r own. But plz dont just follow it test it ask me questions on it n then if u r convinced u can follow it "AS I DO NOT TAKE ANY RESPONSIBILITY OFR ANY KIND OF LOSS OR ANY PROBLEM YOU COME ACROSS FOLLOWING THIS".

So lets start by talking about COMPOUND INTEREST. Some say it is the Eight Wonder of the world and i completely agree with them.
Compound Interest makes money work for u. There are many calculator for doing this ne of which i will provide at the bottom.
My first advice 2 all of u is to make u r money work 4 u. U r money can make millions with CI(Compound Interest) sitting idle it cannot do nething only deplete in value coz of inflation.

Neways but this is how the compound interest is calculated taking into account monthly additions. Do the math or use the calculator in the link below.
http://wealth.moneycontrol.com/jtcompounding.php
http://www.moneychimp.com/calculator/compound_interest_calculator.htm

One thing we need to get straight from the beginning is the timing of the interest and contributions. We're going to assume that the balance of the account for any particular year includes the interest growth from last year, but does not yet include the new contribution. (This is the way most people do it, but sometimes you'll see an example that assumes a different schedule; they will disagree with our formula by the equivalent of one year's interest and/or one year's contribution).

We'll write c for the annual contribution; and to keep things cleaner we'll write "z" for (1 + r). Now we start writing down the account balance for the first few years:


Year Balance
Now P
1 (P + c)z
2 ((P + c)z + c)z

In other words, to go from one year's balance to the next, you add on the contribution c, then multiply by z to get the interest.

If you multiply these terms out, you'll start to see the pattern emerge:


Year Balance
Now P
1 Pz + cz
2 Pz2 + c(z + z2)
n Pzn + c(z + z2 + . . . + zn)

The second part of that last line is just c times the sum of a geometric series. So you can boil the whole thing down to:

1. Balance(n) = Pzn + c[(zn + 1 - z)/(z - 1)]


Finally, write z out in terms of r, to get the formula we're looking for:

2. Balance(n) = P(1 + r)n + c[((1 + r)n + 1 - (1 + r))/r]


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