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How to start Investing in your 20s - Investment ideas to become wealthy | Elamaran Selvam

 The word " Investing " sounds to be a scary one for most of us since we are not even aware of what is really meant by investing, and some even have a misconception that investing ends up losing your money. Being in your 20s is a golden opportunity to taste the market for the long term, and staying invested helps you to be financially free from your early days of retirement. Here we will discuss Where to Invest your Money in your early 20s. The financial situation in the 20 s When you are just graduated and landed on your first job, you will start earning more than you pocket money during your college time. Suddenly there will be a lot of money in your hand, but there arises a situation that you are no more dependent on your parents for your daily needs. Also, this is the period in your life where you would like to buy whatever you see, alongside you would also like to get rich from the money you earn.  Well, how to achieve your financial independence while enjoying your 20s?
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Why should you save money - Types of savings everyone should necessarily have | Elamaran Selvam

Most of us often spend almost all the money we earn. Later, we worry that we should have saved at least a small amount to manage further situations.  Rather than worrying, one should better know how to spend the money they earned. Here you will learn about the types of savings which everyone should follow necessarily for a better future. Why should you save money? First and foremost, saving your money helps you to get rid of any emergency situation, which you can never predict when it happens. As part of this, our living example is the COVID-19 period that no one has ever expected to be. In these times, most of us had salary cuts, and some of them lost their jobs too; To tolerate all, a better saving would have helped you to overcome this situation. As part of saving your money, there are 3 basic types of savings that everyone should have. Emergency Savings  As said, most important matters should be dealt with before other things. An emergency situation is not just a job loss, it could

5 Basic rules for successful Money management | Elamaran Selvam

Everyone makes money according to their job/business, but not everyone is good at managing the money they make. Buying a brand new iPhone on the very next day of launch may give you a richer look, but at the end of the month, it comes up with a 6-digit credit card bill and headaches. Check below the 5 basic rules to follow for successful money management and a healthy lifestyle.  1. Understand your Needs When it comes to the point of money, we make mistakes while choosing our wants and needs. In our daily life, one should first understand what they essentially need to run their life, followed by their next priority. If you ask someone how much money they earned last month, they will have an answer; but if you ask the same person how much they spent last month, the answer will be No. A successful money management practice lets you take complete ownership of your money. If you have 3 bank accounts and if one of them is your salary account, you should know precisely how much amount of mo

Air India express plane with 191 passengers overshoots runway at Kozhikode airport: Death toll rise to 18 | Elamaran Selvam

Air India Express Flight IX 1344, which was arriving from Dubai to Kozhikode on Friday 07 August with 190 passengers on board overshot the runway while landing in Kerala’s Kozhikode Airport and broke into pieces. The Aviation Ministry on Saturday reported that 18 people were dead, including 2 pilots, and more than 100 have been injured in the incident . Check below to know more about the cause of this incident and similar incidents that occurred previously . How they Travelled: The flight was being operated under the Vande Bharat Mission to repatriate Indians stranded abroad because of the coronavirus lockdown. There were a total of 191 people on board the plane, including 10 babies and five crew members. The incident took place when the Air India Express IX 1344 was attempting to land in Kozhikode on Friday evening around 7.40 P.M. Due to heavy rain, the aircraft overshot the runway and fell into a 35 feet valley then broke into pieces. The injured are being treated at 13 hospitals in

Beirut explosion: What caused this massive blast? How powerful was the explosion | Elamaran Selvam

A massive blast took place on August 4 in the port city of Beirut, the capital of Lebanon - a country in Western Asia. As per the Internal Ministry of Lebanon, it has been reported at least 100 people were killed, and more than 4500 people were injured. Check below to know more about what caused this massive explosion, and why does the red smoke appear. Reason for the Explosion: The main reason for the massive blast is caused by 2750 tonnes of Ammonium nitrate , which has been stored at a local warehouse for the past six years " without any preventive measure " nearby the port. Authorities are still not clear on what exactly caused this incident, but there could be a fire accident near the storage area, which could have resulted in this massive explosion. Casualties and Damages by the Explosion: At least 100 were killed, and more than 5000 would have wounded the aftermath of the explosion. There are no official numbers in the count, and the death toll was expected to rise. At

What is EIA draft 2020? Why do you need to know about it | Elamaran Selvam

In recent days wherever you switch to social media sites, you could notice some posts about EIA 2020 and viral hashtags like #withdrawEIA, #withdrawEIA2020. First of all, what is EIA? Why is it strongly criticized by climate and environmental activists and why should you really bother about the draft version, produced by the Union Ministry of Environment, Forest and Climate Change (MoEFCC), India.  What is EIA? Environmental Assessment (EA) is the assessment of environmental consequences (positive-negative) of a plan, policy, program, or actual projects before the decision to proceed with the proposed action . EIA was introduced in India in 1978, for river valley projects, but it was only after the Bhopal gas leak disaster in 1984 the country legislated an Act for environment protection in 1986. Under the Environment (Protection) Act, 1986, India notified its first EIA norms in 1994, setting in place a legal framework for regulating activities that access, utilize, and affect (pol

7 Hobbies to pickup during Quarantine | Elamaran Selvam

This lockdown period during COVID-19 has provided all of us with a lot of extra time. To pass our time, we usually watch movies or be online in social media, but after some time, we feel a bit antsy doing the same thing repeatedly.   At least once, we could have thought of doing something different to spend our time efficiently and not get bored. Maybe, it's time for you to discover a new hobby! It could be a bit difficult while starting anything, but when time passes by, you eventually end up finding yourself accommodated to a new skill or a hobby. Well, how to find your new hobby ? Don't worry, here I have provided you with a list of hobbies which make you feel relaxed, rejuvenated, relieve your stress, and make a new way to enjoy your life. 1. Discover the joy of Gardening  You don't need a huge space at your backyard to start gardening; instead, try with a small pot, a reasonable amount of soil, and some sprouted seeds. Spend a routine time watering and taking

Tips to stay productive while Working from Home | Elamaran Selvam

COVID-19 has urged almost everyone to work from home and stick to our routines. For most of us, it is a new reality, but we are getting used to it. Work from Home(WFH) has tons of comfort and benefits as well on the other side, you need to stay motivated and be productive for the whole day. To help you, here are 5 tips to keep yourself accountable and stay productive while Working from Home. 1. Create a routine to start your Work      If you remember those days when we were working from the office, we wake up early in the morning to get ready and commute for at least 15 - 30 minutes to the office, this helps your brain get ready for the day. But now, we almost skip all those routine and directly start working. Well, how to signal your brain that you have started working? You can trigger your " start of the day " by exercising, reading newspapers, or just by preparing a coffee. This you have to do as a routine before you start your workday so that you are physically and menta

How people become more successful in whatever they do | Elamaran Selvam

 Have you ever felt, even after endless efforts you keep failing and not sure how to succeed; There are really very few people who keep winning on whatever they step into. Take a look at the below points on how people become more successful in whatever they do. 1. Desire to CHANGE     It is not that all scientists, doctors, entrepreneurs, or millionaire's become what they are on the next day itself. Everyone had their soul purpose and determination on what they should achieve at the end and why they needed it. Let us take a look at Elon Musk. A billionaire and the founder of Tesla, Space X, PayPal, the Boring company, Open AI, and Hyperloop. The number of companies he created is not just to earn money, he wanted to try something different and innovate it.  When he changed the way we travel with our cars and move to electric cars, he created Tesla. 2. Focus on Education        When you want to be a successful person on something, you should be your Master on whatever you do. You sho