good job and have a secure future and it made me wonder how my grade would made me a rich
person. I mean everywhere I saw there were highly educated people but all I saw on their
homes were recovery agents of banks, meaning they could not repay their debts, well I
wondered if these people, in spite of being so intelligent and smart cannot avoid being thrown
out of their own homes and being poor, how would I do the same. I did saw a couple of people
though who did not appear to be doing anything yet they were enjoying life to the fullest, in my
opinion they were supposed to be poor not the hard working convent educated intelligent guy.
Well I got the answers, and they were surprisingly simple yet surprisingly efficient.
Simplest plans are often the most brilliant.
Before I tell you about the answers , let me give you an example, suppose you take a home
loan from a bank, and they give you 20,00,000 in loan money for which they charge 12%
interest, I t will turn out to be 2,40,000 a year as interest, meaning 20,000 a month, now
suppose bank charges you 20,000 a month as installment and you have choices of 2 banks, one
adds interest to the principal at the end of the month, AFTER you have used the money for the
month and another who charges you interest before the month for which you have availed the
loan amount, on paper both look the same because according to the salespeople of the bank it
doesn’t’ matter when you are paying the installment , at the end of the month you still are
liable to pay 20,000 as interest. Well look again.
Let’s calculate both, first bank levies interest on 1st of every month, Before you have a chance
to pay interest and before you have used the money for that month.
So first month, your liability is 2020000 and you repay 20,000 on first of month your liability
is still 20,00,000 next month again the same so 1 year later you have repaid, 2,40,000 with the
full principal still standing. Now take the case of bank which puts interest at the END of the
month after you have used the month for that month, so you have liability of 20, 00,000 at the
start of the month, you repay 20,000 and your liability Is now = 19, 80,000 now add interest to
that: 1% of 19, 80,000 is 19800 and NOT 20,000 add the compounding effect we have already
seen and you have a total benefit of over you can imagine. Of course there are minor
differences in real life to this for example; your installment in both the cases is going to be a bit
more than the 20,000 in order to cover the capital repayment too. But think,
Nature has give you a portable supercomputer in your head called the brain USE it.
The problem with the world is that the education being provided is still the education that was
required when INDUSTRIAL age started, and when I say education is old I don’t mean the
content of subjects that are being taught, but the subjects themselves.
There have been four main education ages that existed in the world; first one was pre 3000 year
old education that was taught by parents to their children which was how to make a fire, how to
kill an animal. How to make a home. At the start of the millennia (about 2000 years ago, 3500
years ago in India and Egypt) due to rapid development of society, requirement of an
individual to learn the mentioned skills like hunting/growing the food, making the house etc
ceased because there were people who did that for you. So now to grow, new demands and
supplies were starting, which require special skills. Those skills can be put into four broad
categories, like first category was – education, research, priests, doctors and all those things
related to that. Second category was that of power like that of soldier, politicians, ruling class
and likes, third class of people were like the economic class of people like traders, farmers,
prehistoric banks and likes, fourth class of people were like the slaves , servants, laborers of the
times. All were being taught skills related to their jobs and more importantly skills and most
importantly the CHARACTER. In the industrial revolution of 1600’s and after that, a new type
of education emerged which was required at that time, and which tried to convert the people
into generic workers who could be molded into any role. And now we are again at the cross
roads of the worlds, we are again changing the age of the world from an industrial economy to
essentially an paper economy, (well tell about this later)
One of the worst thing that modern education did was making everyone stop asking questions.
they started teaching the syllabus which said this is right, and that is wrong. Not the character
of the thing but merely because it has been said so in the books, learned men have written it so
you should not Question it. There is a huge difference in the two statements
Aliens don’ t exist
And
So far we don’t have any evidence of aliens.
First statement tells the person in subtle ways that we have evidence that aliens don’t exist,
while it’s the other way , we don’t have evidence of them existing. First statement switches off
the thinking part of brain while second statement forces one to think how can I find the aliens
or whatif or a million other possibilities.
Can you recall last time something new was invented?
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