NARA'S NOTEPAD
VOLUME 22
MARCH 2025
NUMBER 3
Friday, February 28, 2025
HOW TO CREATE WEALTH?
Creating wealth involves a combination of
financial discipline, strategic planning and taking calculated risks. Here are
some key steps.
1.
Set Clear Financial Goals: Define
your short-term and long-term financial objectives. This could include saving
for a house, retirement, education etc.
2.
Budgeting and Saving: Create a
budget to track your income and expenses. Save regularly and consistently,
aiming to set aside a portion of your income each month.
3.
Invest Wisely: Understand different
investment options such as stocks, bonds, real estate, and mutual funds.
Diversify your investments to manage risk and seek professional advice if
needed.
4.
Continuous Learning: Stay
updated with financial news and trends. Educate yourself about personal
finance, investment strategies, and wealth management.
5. Entrepreneurship: Consider starting a
business or investing in entrepreneurial ventures if you have the skills and
resources. This can offer significant wealth-building opportunities.
6.
Manage Debt: Minimize high-interest debt and prioritize
paying it off. Good debt management can free up resources for investing and
saving.
7.
Network and Seek Opportunities: Build relationships
with knowledgeable individuals in finance and business. Stay open to new
opportunities that align with your financial goals.
8.
Long-Term Vision: Wealth-building is
often a gradual process requiring patience and perseverance. Maintain a
long-term perspective and adjust your strategies as needed.
9.
Take Advantage of Tax Benefits:
Understand and utilize tax advantaged accounts to minimize tax liabilities and
boost savings.
10. Asset Allocation: Develop a well-balanced asset allocation strategy based on your risk
tolerance, financial goals, and time horizon. Allocate your investments across
different asset classes to manage risk and maximize returns.
11.
Reinvest and Compound Returns: Reinvesting dividends are normal, and it’s
essential to stay disciplined during periods of volatility. Avoid making
emotional investment decisions and focus on your long-term financial plan.
12.
Stay Disciplined During Market Volatility: Market fluctuations are normal, and it’s
essential to stay disciplined during periods of volatility. Avoid making
emotional investment decisions and focus on your long-term financial plan.
13.
Monitor and Adjust: Regularly review your financial plan,
investment portfolio, and overall progress towards your goals. Make necessary
adjustments based on changing circumstances, market conditions, and personal
priorities.
14.
Protect Your Wealth: Consider insurance policies such as life
insurance, health insurance, and property insurance to protect your assets and
mitigate financial risks.
15.
Generosity and Philanthropy: Giving back to society through charitable
donations and philanthropic activities can be personally fulfilling and
contribute to a legacy of positive impact.
IMPORTANCE OF OCEANS TO HUMAN BEINGS
1.
Climate regulation: Oceans absorb and store carbon dioxide, regulate
global temperature and produce oxygen that is essential for life on Earth.
2.
Food source: Oceans provide a significant source of protein for billions
of people worldwide, and they are responsible for more than 50% of the oxygen
we breathe.
3.
Economic value: Shipping, leisure activities, tourism, and energy production
are some of the major economic benefits provided by oceans.
4.
Biodiversity: Oceans are home to a tremendous variety of species, with many
of them yet to be discovered and studied.
5.
Natural disaster mitigation: Coastal regions, particularly those with mangrove
swamps and coral reefs, are protected from the impacts of natural disasters
such as floods, cyclones and storm surges.
Thus the oceans play a vital role in sustaining
human life and the health of the planet.
THE FAMINES AROUND THE WORLD
Famines have tragically affected various parts
of the world throughout history, often resulting from a complex interplay of
factors. Some of the notable famines are described below.
1.
Irish Potato Famine (1845-1852): This famine caused by a potato blight
that destroyed Ireland’s main food source, exacerbated by British policies and
inadequate relief efforts. It led to the death of about one million people and
the emigration of another million.
2.
Bengal Famine of 1943: During World War II, Bengal, then under
British rule, faced a devastating famine due to a combination of factors like
cyclones, a Japanese blockade, and policies that prioritized the war effort
over food distribution. It resulted in the death of an estimated 2 to 3 million
people.
3.
Ethiopian Famine (1983-1985): Widespread drought, coupled with civil
conflicts and political instability, led to a severe famine in Ethiopia. Images
of starvation and suffering brought global attention, prompting humanitarian
responses like the Live Aid Concerts.
4.
North Korean Famine (1990s): A combination of economic
mismanagement, natural disasters, and the collapse of Soviet support led to a
prolonged famine in North Korea during the 1990s. Estimates of the death toll
vary widely, but it is believed to have caused hundreds of thousands of deaths.
5.
Somali Famine (2011): Drought, conflict, and limited
humanitarian access contributed to a famine in Somalia in 2011. Tens of
thousands of people died and millions were displaced or in need of humanitarian
assistance.
These
famines underscore the importance of addressing underlying issues such as food
security, governance, conflict resolution, and disaster preparedness to prevent
future catastrophes. International cooperation, effective policies, and timely
humanitarian response are crucial in mitigating the impacts of famines and
ensuring food security for vulnerable populations.
HOW TO BREAK A HABIT?
- Make up your mind to do things
differently. Make the decisions to turn this thing around. You have all
the power you need, and you can make this work for you.
- Decide to only work on one habit
at a time. That focuses your mind, and your will to succeed.
- Design a plan that is attractive
and rewarding. If the pain exceeds the gain then you may not persevere.
There must be something that’s enticing to make it seem worthwhile.
- Nuke your negative thinking. You
know that things will be tough and you’ll be tempted to give up – but plan
in advance so you can push through trying times. For example, imagine how
you’ll be feel when you are living differently, and you’ve broken with the
habit, and are basking in success.
- Know the worst times of day, and
the times you struggle most. Then come up with a plan so you cope better
with those. But make sure your ideas work, and are attractive enough, as
it’s hard to keep on going when we’re low on energy.
- Keep it simple. A harsh or complex
can be too hard to implement. But making simple changes feels much more
doable. Also, remind yourself “it’s easy – and it’s not that hard to do.”
- Notice your successes. And reward
yourself with that. Your effort’s paying off-and you are closer to your
goal.
TO QUOTE
Peace cannot be kept by force; it can only be achieved by understanding.
–
Albert Einstein
Our greatest weakness lies in giving up. The most certain way to succeed
is always to try just one more time. – Thomas Alva Edison
I have learned silence from the talkative, tolerance from the unkind;
yet strangely, I am ungrateful to these teachers. – K. Gilbran
JUST TO LAUGH
A man walks into a bar and says,
"Give me a beer before the problems start!" He drinks the beer and
then orders another saying, "Give me a beer before the problems
start!"
The bartender looks confused.
This goes on for a while, and after the fifth beer the
bartender is
totally confused and asks the man, "When are you going
to pay for
these beers?"
The
man answers, "Now the problems start!"
LINES I LIKED
Ø Be engaged in some type of constructive activity.
Ø Be fully engaged with what you’re doing, not lost in your thoughts or
distractions.
Ø Be innovative, and work on changing the world
Ø Be mindful of your food – smell it, taste it, and feel it.
Ø Be open to new experiences and challenges.
Be aware of
what’s happening around the world.
Meet you next month –2025
Professor A. Narayanan, Ph. D., FISPP
SEND YOUR
COMMENTS TO:
E-mail: arumugakannu@gmail.com
Ph: 0422 4393017 Mobile: 75399 15614
(NARA’S
NOTEPAD)
Friday, January 31, 2025
CHANGES IN OLD AGE
Old age is a phase of life
marked by profound changes, both physical and emotional. It is often a time of
reflection, but also one of adjustment to a new set of challenges. One of the
most pressing difficulties associated with aging is the gradual decline in
physical health. The body undergoes a natural process of weakening, as muscles
lose strength, bones become more fragile, and mobility decreases. These changes
can lead to difficulties in performing even simple daily tasks, such as
walking, climbing stairs, or even lifting objects. Chronic conditions like,
diabetes, and hypertension also become more common, necessitating regular
medical attention and sometimes limiting independence.
Cognitive decline is another
significant challenge many face in old age. While not everyone experiences
severe memory loss or dementia, many people encounter subtle changes in
cognitive function as they age. Tasks that once seemed effortless, such as
recalling names, managing finances, or learning new skills, may require more time
and effort. This decline can lead to frustration and fear, particularly when it
affects one’s ability to live independently. The potential loss of autonomy can
be deeply unsettling, as it often means relying on other for assistance, a
difficult adjustment for those who have been self-reliant throughout their
lives.
Social isolation is another
prominent issue in old age. As the individuals age, their social circles tend
to shrink. Friends and loved ones may pass away, children may live far away,
and the opportunities to engage in social activities may become limited. The
sense of loneliness that can accompany social isolation can lead to emotional
distress, anxiety, and depression. Studies have shown that maintaining social
connections is crucial for both mental and physical well-being, yet many
elderly people find themselves without the same level of interaction they once
enjoyed.
Economic challenge also come to
the forefront in old age. Many retirees live on fixed incomes, often dependent
on pensions or savings that may not always keep pace with rising costs of
living. Unexpected medical expenses, housing costs, or the need for long-term
care can place significant strain or limited resources. For those who outlive
their financial planning, there can be a real fear of running out of money.
Navigating the complexities of health insurance, social security, and other
financial systems can also be a source of confusion and stress.
Another challenge is the
emotional toll of loss and grief. Aging often means coming to terms with the
loss of loved ones, be it a spouse, siblings, or close friends.
The emotional impact of losing
people who have been integral parts of one’s life can be profound, leading to
periods of intense grief and, for some prolonged depression. Coping with these
losses, especially in the absence of a strong support system, can make old age
feel particularly isolating.
The fear of mortality is
another issue that surfaces more prominently in old age. While death is an
inevitable part of life, confronting one’s own mortality often becomes more
immediate as the years pass. This can lead to anxiety about the quality of life
in the final years, or worries about being a burden on family members. For
many, finding meaning and peace in the face of these fears is a lifelong
journey that because more pressing with age.
In addition to these
challenges, the societal attitudes toward aging often compound the difficulties
faced by older adults. Ageism or prejudice against older individuals, can
result in older people being treated as though they are less capable,
irrelevant, or invisible. This can manifest in various ways, from workplace
discrimination to dismissive attitudes in social settings, contributing to
feelings of worthlessness and marginalization. The perception that older people
are no longer contributing members of society can be deeply disheartening,
particularly for those who have spent their lives working and raising families.
Despite these challenges, many
elderly individuals demonstrate remarkable resilience, finding ways to adapt to
their new realities and continue leading fulfilling lives. Advances in me,
technology, and social services have also made it possible for many older
adults to maintain a higher quality of life than previous generations. However,
the challenges of aging remain complex and multifaceted, requiring both
individual resilience and societal support to address effectively.
CRITICAL THINKING
Critical
thinking plays
a crucial role in everyday life as it helps individuals make well informed
decisions, solve problems efficiently, and navigate through complex situations.
in our daily routines, we encounter numerous scenarios that require us to
analyze information, evaluate the validity of arguments, and consider multiple
perspectives before reaching a conclusion. Here are some ways in which critical
thinking is applied in day-to-day activities.
Decision Making: Whether it’s choosing a car, deciding
on a career path, or making choices about personal relationships, critical
thinking allows us to assess the available options, weigh the pros and cons,
and anticipate the consequences of our decisions. By considering various
factors and using logical reasoning, individuals can make more thoughtful and
informed choices.
Problem Solving: In both professional and personal
settings, critical thinking is essential for identifying issues, analyzing root
causes, and developing effective solutions. By breaking down complex problems
into manageable parts, evaluating the available information, and considering
alternative approaches, individuals can address challenges more effectively and
creatively.
Communication:
Critical thinking skills are essential for effective communication,
whether it’s expressing our own ideas clearly or evaluating the arguments
presented by others. By critically analyzing information, identifying biases
and assumptions, and asking relevant questions, individuals can engage in
meaningful understanding and collaboration.
Media Literacy: In an age of information overload,
critical thinking is crucial for discerning between credible sources and
misinformation. By evaluating the reliability of sources, checking facts, and
questioning the accuracy of claims, individuals can avoid falling prey to
misinformation and make more informed decisions about the information they
consume.
Personal Development: Critical thinking skills also play a
vital role in self-reflection and personal growth. By reflecting on our
beliefs, values, and experiences, and challenging our assumptions and biases,
we can gain a deeper understanding of ourselves and the world around us. This
self-awareness can lead to personal growth, improved decision making, and more
fulfilling relationships.
Overall, critical thinking is a
valuable skill that enhances our ability to navigate the complexities of everyday life. By applying critical thinking in our daily
routines, we can become more analytical, creative, and
confident problem-solvers, leading to better
outcomes and deeper understanding of the world we live in.
YOU MAY NOT KNOW
1. The
most common name in the world is Mohammed.
2. The name of all the continents ends with the same
letter that they start with.
3. The strongest muscle in the body is the tongue.
4. TYPEWRITER is the longest word that can be made
using the letters only on one row of the keyboard.
5. 11,111,111 x 111,111,111 = 12,345,678,987,654,321
6. If a statue of a person in the park on a horse has
both front legs in the air, the person died in battle. If the horse has one
front leg in the air, the person died as a result of wounds received in battle.
If the horse has all four legs on the ground, the person died of natural
causes.
7. Stewardesses is the longest word
typed with only the left hand.
8. Elephants are the only animals that can't
jump.
9. Wearing headphones for just an hour will increase the bacteria in your
ear by 700 times.
TO QUOTE
Look for
joy in your life; it’s not always easy to find. – Charles Kuralt
Although
some people think that life is a battle, it is actually a game of giving and
receiving. - F. S. Shinn
Don’t be
afraid to fail. Failure is a part of life. Learn from your mistakes and move
on. –
Jimmy Carter
JUST TO LAUGH
An American tourist in London wanders around, seeing the sights and occasionally
stopping at some small pub to have a pint of beer. After a while, he finds
himself in a very nice neighborhood with stately residences. No pubs, no
restaurants, and worst of all no public restrooms. However, he really has to pee, after all
those pints of beer. He finds a narrow side street, with high walls surrounding
the adjacent buildings and decides to use the wall to solve his problem.
He is tapped on
the shoulder by a London Bobby, who says, "Sir, you simply cannot do that
here."
"I'm very
sorry, officer," replies the American, "but I really have to pee, and
I just can't find a public restroom."
"Just
follow me" says the Bobby. Then he leads the American to a back delivery
alley to a gate, which he opens. "In there," points the Bobby,
"whiz away sir, anywhere you like."
The fellow
enters and finds himself in the most beautiful garden he has ever seen.
Manicured grass lawns, big fountains, sculptured hedges, and huge beds of
flowers. He relieves himself immediately. As he goes back through the gate, he
says to the Bobby "That was really nice of you. Is that what you call
English hospitality? "
"No
sir...” replied the Bobby, "that is what we call the American Embassy."
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