An article by economist Yogesh Chhabria

LATELY, I have been thinking a lot about the Lehman crisis. Spending money that they didn’t have and going beyond their means is one of the main reasons for their situation today. In fact that is the cause for the current economic crisis in the US . When I see all this happening, I can only remember the good old days. Then, karz was bad. People looked down upon those who took loans. Parents would not give their daughter’s hand in marriage to a man with loans.But of course, the times have changed now. Everyone I know has a loan. The buzz word is EMI (equated monthly instalment). Today, you can buy everything on EMI - a house, a television, even an i-Pod. In fact I know of someone who just bought a fancy BMW 3 series on EMI, instead of buying a cheaper car outright with cash. I mostly prefer to take public transport, but then I am an old man with old thoughts!

Anyway, coming back to what caused the crisis. Imagine having Rs 2 lakh in your bank account, no regular income, yet buying a house worth Rs 65 lakh, in the hope of selling it for a higher price. Even if the price of the house fell by just 5 per cent (that is Rs 3 lakh), you will go bankrupt. This is what Lehman Brothers did; with around USD 20 billion they went and bought assets worth over USD 600 billion. Isn’t it suicidal and simply foolish?

I am sure things would have been different, had I been the head of Lehman brothers. But who wants an old conservative man like me to head a complex financial institution. But there are a few lessons that we can learn:

Live a balanced life and avoid overspending.Don’t buy things we don’t need.Don’t buy excess Food, Cloths, Cosmetics, Footwear, electronics and Fashion accuracies just think before you buy. Tip: World still has a lot of growth ahead and the future holds immense opportunities for us. Let us make the most of it and save and invest it wisely instead of wasting our precious little on things we don’t need.Try to balance life with work (No one is happy to work in their professions) .Don’t stress out yourself, after work try to do some extra activities like swimming, yoga, walking, running where you can divert your mind from stress. A thumb rule: Health is more important than money.Try to understand each other (Wife and Husband) in financial matters and help each other. Tip: As soon as you get your monthly salary, set aside a fixed amount, usually 35 per cent, for insurance, savings and investments. You can then spend the rest.Not all loans are bad. Loans that are ‘need based’ (home loans, education loans) can always find a place in your finances against those that are largely ‘want based’ (Credit cards, personal loans, car loans).Borrow only if repayment is financially comfortable.A thumb rule: Keep EMIs within 35 to 45 per cent of your monthly income In that respect, there is one American who I really respect - Warren Buffet. He has lived in the same ordinary house for over three decades, drives his own medium sized car and leads an extremely regular ‘middle class’ life. If that’s all it takes for the richest person on earth to be happy, why do all of us need to take extra stress just so that we can get things which aren’t even essential?

Ravi - Aus Post

Dt - 07/11/2008

Australian Post - HQ Datawarehouse Support

Am I enjoying this? YES ……..
Chala ……… EBI tho compare cheste chala prashantham ga vundi life ……….

I am actually working from Day one ……..
Office ki velthe emcheyali ani digulu ledu …… naaku oopika vundali kani emaina cheyachu ……….. Kurchuni cheste roju ki 12-14 gantala pani vundi ………..

So I am having fun ikkada ………….

Enduko emadhya illu ante chala pikutondi ………
Bahusa May lo one week trip saripoledu emo …………

Yet emcheyalem ………. Sridhar pelli settle ayithe bavundu ani korukovadam tappa ……….. PR raka mundu ……. vaste chalu ….. Eppudu kavali ante appudu velachu anukune vadini ……… kani vachaka …….. Job lo selavalu istanu anna sare ……. Pelli time ki vadukundam le ani wait chestuna …………

Emito jeevitham …… emcheddam anukunna kudaradu …….. Kani on high end ……… nenu peddaga prayatnam cheyakundane …….. Chala manchi vishayalu jarigayi naa life lo ………… Engg, Aus, PR, IT ila …………….

So a time ki ela react avalo ala react avadam naa life lo jarugutunna oka pattern ………
Idhe pattern continue cheste better ……..

Books chaduvutunna koddi ……. Fiction lo brathikestunanu emo ani oka bhayam pattukundi …………. At the same time, reality lo brathakadam ante enti?
……. I think I am aware of things I need to do …… and some how adhi jarugutune vundi …….. I think main ga nenu next 6 months cheyalisindi ……

1. Do my job well (so far …… So good)
2. Save for Sridhar's marriage
3. Contribute something to society (Sunil & Riah)

Ivanni jarugutunayi kabatti ……. I think Tram lo travel chestunappudu ……. Adhi ila aithe, ala aithe ani fiction lo characters tho deal chestu (ante a characters gurunchi ekkuva alochistu) ……… spend cheyadam pedda problem kademo ………… antha serious problem aithe bava chepthadu le

Bava -- Naa blog ki unna ekaika srotha vi …….. Nuvve ………..

Migatha antha shara mamule …….. Inka manchi books chadivi ……….. Manchi vishaya parigyanam sampidinchu kovali ……..

P.S - I don’t a thing about Democrats and Republicans, kani Obama gelichadu good anukunnanu ............ Office lo andaru adhe annaru ………. What does this means to Australia ante …….. Malli emo annaru ………… So andaru plain ga ….. For no reason ……. Happy ga unnaru ………. Vasudaika Kutumbam ante idhe ne emo ………………

Bye now …………….

Kanyasulkam Chadivanu .......

Naaku Telugu chadavadam ante chala istam ...... aithe voracious reader ni matram kadu ...... emadhya khali time ekkuvuga vuntondi kabatti chaduvutunanu .......... "Girls For Sale" ani mana Gurajada Apparao garu rasina "Kanyasulkam" ane novel ki translation ni emadhya chadivanu ....... The next few lines oka chinna sameeksha ana mata .........

"Kanyasulkam" ni andaru oka goppa sangha samsakaran rachana ga chustaru kani naaku appatike Veeresalingam panthulu garu start chesina movement (Child marriages abolish cheyalani, widow marriages support cheyalani) ki support chestu, konni chotla vatine melliga ethipodustunattu anipistundi .......... deeniki example Madhurvani ki, Sowjanyarao ki jariga sambhasana climax lo ............. (Cinema chusina variki climax lo savitri ki, Gummadi ki madhya dialogues) .......... ooru oorantha lubdhavadhanulu meeda, pelli set chesina rampanthulu meeda tiragabadatharu ........ already society lo ilantivati meeda intha reaction vunte ...... mari samskarana emiti ? ........ aithe Geerisam lanti characters ni comedians ga chusi "baga ayyindi veediki" ani oorkukunda, mooda namakalani namme vallu entha dangerous o, vati valla labha pade ilanti vallu kuda vuntaru ani evaraina grahiste idhi katchitam ga samsakarana ki upoyogapadda rachane ............

But oka natakam intha kalam ga appreciation, applause vundi ante matram andulo vunna characters, vati pravarthana and even the movie. I cant help but visualise NTR, Savitri, CSR, Gummadi, Chayadevi in the main characters while reading ........... Girisham swagatalu, Madhuravani deppipodupulu, Agnihotravadhanulu kopam ga anna matalu, Lubdhavadhanulu titlu, Ramappapanthulu loukyam .......... Timeless ...............

Telugu sahityam meeda istam inka penchinanduku Gurajada variki many Thanks ............

God's Own Child

I just read this .........

I jus wonder wats the schema of things we are in ..........

I will try my best to be a better person because of Naresh ..........

GOD BLESS .................

Inspirational Story

The story above is very inspiring .. I think the solution to poverty is Education ....... If that could be provided, people living below poverty line can come up and people who see them could get inspired ......... Hats off to the teacher who thought and did this ............

Back to blogging

Hey All,

Its been a while (over a month), I wrote something here. The reason being combination of laziness, procrastination and a little bit of frustration. I guess a lot of people feel or wish they had nothing to do. Even me too and Gods did hear me and thats what I got in the last 2 months. Wanted to go to India in August, didnt happen as I was scared to return in October for job hunt.
In the last month Bava and Jagan got married on the same day, same time (All the best Dudes) and Chiru did float a party. Nothing worthy to mention here from my side.

These two months got me thinking that no matter how secure you feel about anything (whether its job, finance, career .......), it can all turn upside down in shortest time you can ever guess. At first you are taken back by it and then a sudden feeling of confidence grips you over (as you console yourself, its not your mistake) and when things are not actually going the way you wanted, you feel annoyed and then you just accept whats happening and finally the stage I am in right now comes where you feel this happened for a reason and how you could gain from this situation ...............

Thats where I am right now, I have ample time so I am reading. Making lot of calls to people in India, US ......... catching up with them after years probably (like prashanth, my cousin teja, one of my colony mates Karthik etc) ......... And at the same time theres a lot of introspection on what to do next? ........ Will post my ideas once they are concrete but I hope I come out a better person after this gap I had ........... Better when I talk, listen, understand, appreciate things ..........

Thats it for now ........... I do have a playlist I am constantly listening to these days but thats my next post ............... till then ............ Ameen ....................

Randy Pausch's Last Lecture

Last week I seen few of my friends changed there Gtalk status to "R.I.P. Raundy Pausch", initially I thought he may be some pop star or a sportsmen, and did not bothered much.

The buzz keep on going on, and accidentally I came across his Last Lecture video on youtube. His life really mesmerized me.

Randy worked as a professor in Carnegie Mellon Univ and was diagonised with pancreatic cancer. He delivered his "Last Lecture " at CMU, one month after he found he only had 6 months to live.Last lecture's are ongoing series of lectures at CMU where top academics are asked to think deeply about what matters to them, and then give a hypothetical "final talk," i.e., "what wisdom would you try to impart to the world if you knew it was your last chance?" Randy Spoke about "Really Achieving Your Childhood Dreams and how he worked to achieve his childhood dreams.

If you haven't seen it, I highly recommend it or read the gist




Randy's story touched me deeply, he accepted fate and was extremely brave to face the reality, in his 1hour 16 mnts talk you will never see fear in his eyes,words, body language, he teached about "living" and living and having fun. what will be my last lecture, What will you do if you know you are gonna die in 6 months..n that sheer thought making me shiver.