LIVING OFF DIVIDENDS & PASSIVE INCOME

Recently someone of Digital Point Forums was selling the code for a video blog. I thought I’d give it a shot. I sent him the money via Paypal and he sent me a link to download the code.

Unfortunately, the code was incomplete and didn’t work at all. I sent him several emails asking him to fix the code. At his request, I even set him up with an FTP username-password so he could copy the code over himself. Apparently I’m not bright enough to unzip a file and upload it to my own server!

He never uploaded any code and he stopped responding to my emails.

Anyway, after more than a week I got tired and contacted Paypal. I opened a dispute and they sent the seller an email which he ignored. After 2 days I escalated the dispute to a claim.  Read more... (392 words, 8 images, estimated 1:34 mins reading time)

India is a land of many contradictions. And I don’t mean in a good way. One of the most prominent examples is the government-sponsored discrimination. India proudly assets itself as a secular state. Wikipedia defines secularity (adjective form secular) as the state of being separate from religion. However, this isn’t borne out in principle.   If you belong to any specific ethnic or religious minority, then regardless of your economic status, you’re given preferential admission in colleges and government jobs.

Imagine giving admission to a D student in a Medical College, graduating him with a D grade and then giving him a secure, life-time-guaranteed government bank job, solely because he was from a minority group! Poor students from ethnic backgrounds aren’t the ones who take advantage of this. Its usually the educated and economically well-off people that even knows about these “reservation quotas”. In some southern states its so bad that less than 25% of college seats are based on merit.  Read more... (463 words, 8 images, estimated 1:51 mins reading time)

Happy Valentine’s Day everyone!

It also happens to be my birthday and since I haven’t been in India on my birthday for over a decade, I thought I’d celebrate in style this year. Accordingly, I’m throwing a “small” party for 75 people. Luckily, India is a lot cheaper than the US, so a catered party for this many people on the terrace of a smallish, but exclusive, country club runs under $400!

Anyway, gotta rush – hope everyone has a great day!

source:XKCD

If you’re thinking of robbing a bank, you’ll probably get less than $50,000 and more than likely get shot in the process. The more well-read crooks among you might instead try the Museum of American Finance, located at the site of the original Bank of New York building dating to 1797. And its only a block away from the New York Stock Exchange, home of some of the biggest crooks on earth! Okay, maybe I’m being slightly facetious here (or maybe I’m not!).

Apart from containing a host of educational financial stuff like original stock certificates, an Edison ticker tape machine, and jars of various commodities, it also contains a 60lb bar (or maybe slab is a better word) of gold. If my math is correct, 60lb comes about to 846.395 Oz of gold. Not sure what the purity is, but if its 99.999% then at todays price $890/Oz, it’s worth $753,291. Much better takings than at a bank!  Read more... (196 words, 10 images, estimated 47 secs reading time)

Sometimes your best investments are the ones you don’t make.
Donald Trump

I buy expensive suits. They just look cheap on me.
Warren Buffett

There’s nothing wrong with getting fired.
Ted Turner

The consumer isn’t a moron; she is your wife.
David Ogilvy

My son is now an “entrepreneur.” That’s what you’re called when you don’t have a job.
Ted Turner

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