Hello Guys,
Today was a great day, the last issue of the course also got over and my course too, well other then this I played the game also, and read a chapter further of The Psychology of Money, so let me start from the beginning, in the morning as usual I woke up and got ready for the meeting, in the meeting I gave update about yesterday work as I have successfully indexed the data from the csv file to the Elasticsearch.
Well, after that meeting I went out, today I didn’t had any specific work but today’s weather was great, so I went out just to enjoy weather for sometime, well at that time a thought pop up to my mind, I was thinking as everyone say that children are like clay, we can mold them in any shape in younger ages, actually I talked to one of my friend as our MTech is also going to start soon.
So, she was saying that everyone in the college our classmates used to say like bond for 5 years is very long and along with work we have to study too, it will become very hectic there will be alot of burden on our heads alot of tasks to complete and everything but we had the habit of doing this from college because of our extra works which we took by ourselves so it wasn’t be that hectic.
Well, that is absolutely true and that send me the thought like if children are like clay then the heat starts to fix there shapes starts from the 11th and it gradually increase with time, according to me it ends with the completion of college as the habits and mentality you get in the college you will have that for your whole lifetime and that will decide your future, career and destiny of life.
I am not saying that those who don’t go to college have a bad future or anything like that but I am talking about the environment and the age respective to college, but this is the fact as much as I have seen in life, I know there are some exceptions in the world too but that too take so much efforts as compare to the efforts you have to put in younger age.
So, this is actually a fact, well after returning at home, I connected to the person who could help me in ELK Stack, so she explained me the mistake I was making after that I was able to find it in my Kibana instance too, so without any delay I completed the course, so finally the course is completed today and I got certificate of it too.
Well, after that I started reading The Psychology of Money, well the conclusion of the chapter today was getting wealthy vs staying wealthy, actually what the whole world mostly talk about is getting wealthy but it doesn’t say a word about how to stay wealthy, well this can be understood by 2 terms which are risk and safety margin, mostly people assumes these both as synonyms of each other.
They think like if we keep safety margins then we will be in less risk which is not at all true actually these both are 2 totally different things, firstly the risk always apply to the amount you put into the market, if any manipulation will take place either up or down, the value of those assets will get affected which you bought in simple words the value of that amount will get affected which you put in to buy those assets.
However, the safety margin is deciding how much to put on risk so that you don’t go in debt or in other words how much money you can put in the market and if the whole market got crash then also you would have enough money to keep life running, the biggest mistake people does is they risk whatever they have in the greediness of getting rich soon.
That is not the way to get a profitable returns, it might give great returns sometimes but it has no safety margins which means if some unfortunate happen then your livelihood even will get into problem, that is what the reason to plan the income correctly and where to invest and how much to invest, well that is all what was in that chapter.
After that I played game for sometime and I am very much happy by the game we were playing duo V squad and we were able to reach top 2, I know previously we were able to win that duo V squad too but for now I am happy with the second rank only, well the last thing of the day is tomorrow is my favorite day of the whole year and very special for me too, tomorrow is anniversary of my parents last year on the same day I got my TCS result too, I hope this year also this day will be as special as last year.
Well, that was all for today, let’s see what will happen tomorrow I have so many hopes from tomorrow’s day but everything depends on many things, let’s see what will happen tomorrow till then hoping for the best and waiting for the rest…
“Someone told me once, let’s live the current moment to it’s fullest keeping all the worries of future aside…”
