Investment 101: Understanding Assets and Liabilities

 

Eipau in assets pen neih-le-lam, go-leh-gamh, i neihsa kici thei ding a; Liability pen bat (ditkik/piakkik ding sum).

Na neih khempeuh pan in na bat khempeuh na paihkhiat khit teh, a omlai/ a cianlai teng pen na "networth" ahihi. Eipau in na hauhna zong cih theih mai tam maw.

ASSETS - LIABILITIES = NETWORTH/WEALTH

Liabilities sangin Asset hauzaw peuhmah phot leng hauhna pen amah leh amah hong om lel ding dan hi.

I hauh nading in sum naak (source of income) i neih tung panin Asset lei kipat pah kisam hi.'

Sum pen kizang ciat hi. A zanglo a sum a kemvenven kitamlo hi. I om leh zong tua pen sum koihna a meet penpen kikhollo hi. Example: Savings - money in your savings account.

Tua manin haksa taka i lawh i sumte pen asset mah leina in zangzaw in, liability lei kei leng khantoh huai zaw tham hi.

Liability lei ka cih ciang "ei leh ei leiba kiguan" cihna suak hi.

Gentehna in, TV khat na lei a Rs.50,000 na beisak hi. Tua khit teh kha sim in cable tv fee hiam, internet fee hiam kha sim in leiba na kibawl tawm hi. Khatna ah Rs. 50000 zong a beimang, muhkik nading om lo hi. Khatsim bat kiguan na hi lai hi. Tua bek hilo in Hun tampi tua TV enin sum sangin a manpha zaw na hun na paipai lai hi.

Inn khempeuh zong asset hipahlo hi. Inn khat leia nang na om leh asset hi khinpahlo hi. Inn khat nei in midang luah sak leteh, tua in income hong pia ahihmanin, nanga ding in tua inn pen asset suak hi.

Asset khempeuh in income hong pia a; liability khempeuh in bat hong guan hi.

Car pen en i zat leh liability hizaw a; midang zangsak a a sap i lak leh asset suak thei hi.

Silh leh ten, nek leh dawn ah tam beisaklo in, khangno i hih lai mah in asset lei (asset accumulation) kipat pah ding hizaw hi.

Hauhna ding in bangbang assets lei ding:

1. Mutual Funds
2. Stocks
3. Innmun/gam/zanglo
4. Education, books and courses to improve yourself
5. Give - give back to your church and community. I hauhna pen sum bek hilo a, i kiim i kianga om i lawmte, i innkuanpihte, i khuapihte, i pawlpite zong i hauhna ahihi. Amaute hangin i nuntakna nuamtuam a, amaute hangin man nei hizaw hi. Mite' itna, zahtakna i ngahte khong zong i hauhna ahihi.

Kei zat investing platforms-te

Tulai in bank pawlkkhat in demat account a pia pahpah omta hi. Ahizong, demat nei nailo a sum khawl na kipat nuam leh hih a nuai ate na en in.

1. Groww.in - Tulaitak ka zat stock & MF ah invest theih na hi. US stocks zong lei theih hi.
2. Smallcase.com - Zerodha-te a hi a, hiah stocks tuamtuam basket khat a kigawm thei a, theme or industry cih bangin zong stocks lei theihna khat hi. Gentehna in Indian EV companies bek ah invest ning na cih leh, tua dan lian smallcase khat ah invest theih pah hi. Mutual Fund minus active management therefore lower costs.
3. GoldenPi.com - India ah corporate bond platform lian penpen khat. FD sangin corporate bonds in interest tam pia thei zaw a hih manin FD zang laite in a meet zaw ding in bond kisin hoih kha ding hi. FD ah 5-6% rate hi kha ding a, Bonds pawlkhat 13% nangawn om hi.
4. Kucoin leh Vauld - Crypto or blockchain ah invest nuamte in hih gel kei zat hi. Adang zong tampi om hi. Vauld ah Bitcoin, Ethereum etc i leite FD in kikoih thei hi.
5. Vested - US stocks & ETFs. Ka zat nailoh, ka phone ah install sa!!! US stocks ading in Groww sangin hoih tuak zaw hi. India pan in Google, Facebook, Twitter, etc leitung a IT company lian penpen te ah invest theih hita a, tua bek hilo ei nangawn pen FB khong Google khong "neite"/shareholder ki hi thei mawkmawk hi. Join Vested using this link and get $10 FREE - https://app.vested.co.in/referrals?code=CASU80447 (this is my affiliate link)

Nang bangbang platform na zang a?

Investment: Kei a ding hi kei!

Mi tampi in investment i gen ciangin amau a ding salo; sum nei, income hoih neite a ding sa thei hi.

Tua na hilo zaw in, saving leh investment pen a neilote, MBBS (mud bangbang semte) - working class people as opposed to the wealthy class of the society who don't need to work anymore - small businessmante a ding hi.

Ei khang a kipan saving leh investment zangin i khang tangthu laih theih hi hang. Zawnna tungah gualzo in khangthakte nuntakna thak, a nuamzaw leh a kicingzaw a pia thei ei i hihi.

Income gina leh neihsa tampi na neihloh hangin investment pen na pat ngam nak leh hong picing ding hi. Saving leh investment pen i lungsim leh gamtatna tawh kisai mahmah a, i habit hoihlote paimang a, a hoih gamtatna tawh i laih ding hanciam kisam hi.

Gentehna in, Lamka ah khutnasem khat in nikhat Rs.500 lawh thei ci ni. Kha khatin Rs. 20000 lawh zo hi. Tua bang mipa in kha khat in 10% or Rs.2000 save in khol leh 15% interest bek tawh zong:

Kum 10 zawh teh: 5.5 Lakh

Kum 20 zawh teh: 30 Lakh

Kum 30 zawh teh: 1.4 crore

Kum 30 bang khol zo in, 1.4 crore ngahzo hi leng, tua pen fixed deposit or dividend paying stocks or mutual fund ah koih in regular income a nei theih i hihi.

1.4 crore pen fixed deposit @5.5% interest in koih leng kum 10 sungin Rs. 76 Lakh hong pia thei mawk hi. A sumpi 1.4 crore pen bit ding hilai hi.

Tua ahih manin sum a tawm lua omlo. Tawmcik tawh zong "generational wealth" bawl theih hi a, khangthakte nuntak nuamzaw a pia theite i hihi.

Bye-Bye 2020 - here's hoping our paths never cross again

I first met you on the first of January a year ago.

It was a pleasant meet - even optimistic.

It was hopeful and filled with promises.

Everyone was cheering us on

Everyone was on our side.

However the cracks soon appear

I did my best to hold on to our dreams

However my efforts were all in vain.

You went ahead and ripped my heart wide open

You kept killing me every day 

And I kept dying a million deaths

Now, I can't find any excuses for you

I have to get real and straight with my folks

I have to say goodbye.

Hope we never meet again

Hope our paths never cross again! 

My Biggest Frustration

For years now I've been trying to find an affordable and easy to use transcription management platform, but to no avail.  This has been my biggest frustration.

I've tried scores of project management portals and softwares trying to fit them to my need.  However, all of them fail to satisfy me or make a good alternative to my simple Excel sheet.

True, there are these big enterprise level transcription management platforms and portals.  But these cost tens of thousands of dollars, money I could not afford at this stage.

Examples of What I Like

I am not alone.  Most transcription companies don't get it right either.  Like myself, they've cobbled together a number of solutions to accept files from clients and payments from clients via their website.  However, they simply miss the client self-service portal.

Transcription companies like Rev and TranscribeMe got everything right, in my humble opinion.  The problem is these are big companies backed by institutional investors pouring millions.  I, on the other hand, am bootstrapping my service.

Plug and Play Transcription Platform

Plug and play.  Yes, that's the key to making thousands of transcribers' lives easier.  I wish we have a platform like Blogger or WordPress for blogs where you can simply sign up and get a business-ready transcription website.

By business-ready transcription website, I mean a website for freelance transcribers with easy to build forms that allow uploading of media files, a simple project management tool and also invoice and payment capability, etc.   Simply stated, a CRM, project management and marketing platform built into one platform is what I've always wanted.

Such a platform will allow thousands of transcribers around the world to start their own freelance businesses and gain their freelance from employment.  It will allow married ladies to work from home while caring for their babies and families.  It will allow people like myself to bootstrap their businesses without investing a fortune.

How can you provide more value to a business?

Every b2b strives hard to provide value to customers. As a service provider to other businesses, my transcription business is on the quest to serve better and delivery value to our customers. So questions like, how can we improve our processes, how can we deliver more value to our customers, how can we provide more competitive service rates are some of the questions we ask ourselves on a daily basis. We know we deliver value and that's why our customers come to us again and again and use our services. But how do we improve our services to improve the value our customers get? Here's some of the areas we're working on constantly. We are reducing our response time. We notice that replying to a query or an email as soon as possible is valuable. It reminds your prospects and customers that you are responsive and care to be there for them. Improving the time lag between client order and us getting the projects under process. This is very important. We want to be able to get our customers' projects under process as soon as possible. We target 30 minutes. So within 45 minutes, we should be able to tell our customers that their projects are already under process and not left hanging in there or lined up in our line of production. We want to let them know we are working on their projects right away. What do you think? Are we in the right track?

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Professionals that need transcription services on a daily basis are welcome to contact Carey to discuss their requirement.