Lesson on – Time Value of Money

Money today is generally worth more than money tomorrow

This is the most important finance/business/economic lesson I have learned of late and in it’s simplest terms. A must read for anybody from a novice to an expert wanting to learn a bit more about finance/business.

Thanks to Fred for making it this simple and in a blog post.

The Importance Of a Good Vocabulary

People judge you by the words you use

 

Like it or not, every time you speak to someone they are trying to figure out how competent, successful, and smart you are.

 

Research has shown that people are more likely to be judged as competent and smart when they speak with a good vocabulary.

Language and thought are inseparable

 

You need words to think and to think you need words. If you don’t believe me, try to come up with a solution to a problem without thinking in words. You can’t – it’s
just plain impossible. Language is the tool our minds use to think, plan, solve problems, and succeed.

 

Therefore, it follows that knowing more words gives your mind more ways to think about things and more tools to plan and solve problems. Having a better vocabulary literally improves your ability to think.

IAMPOWERED.NET is live and will soon be open for business

I have been fascinated by the power of words in different languages all my life. I strongly believe in power of vocabulary and believe that a person with an extensive vocabulary is an empowered person. I come from a non-english speaking background and my main language at home is not gnglish and doesn’t seem to me that it will become main stream language anytime soon. But from childhood I was keen in improving my vocabulary and have done so bit by bit at a very slower rate. It is up to an extend that it’s on my top self development goals for last couple of years to learn ‘A word every day’ to which I have failed badly.

I have failed not because of not only procrastination and lack of focus, but also because just looking at the words, reading as to what they mean and then read a couple of examples is not enough. This has to be followed by constant usage of a particular word that I want to add to my vocabulary. Now some words can be used in day to day conversations but that does not apply to a lot of words.

I am sure that a lot of people will like to improve their vocabulary but have a similar problem as mine or just some other reasons why they can’t add a new word to their lexicon every day. So my simple and inexpensive solution to stick with my resolution and to help others is this site IAMPOWERED.NET

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Credit: – JovikeDictionaries on Flickr.com

The purpose of this site is to help users improve their stock of known words by providing them a place to practice and practice them more and as much as they can. To begin with, the idea is simple. Create a blog post with 7 words and their meanings and possibly some examples [ I will have to look into copyright issues here]. People like myself can than every day come and put those 7 words into practice, but 7 sentences where the words are used and can post them in comments section of the blog post.

So by tomorrow round about the same time, you can expect a first post with 7 words and their meanings and we can start the practice from there.

I wanted to start somewhere and this is where I have started. Obviously as time goes and as we succeed in keeping up the resolution, we can look into better options and better ways to manage and improve things. Suggestions and opinions are welcome. Feel free to contact me at tejas.patel @ gmail.com or put a comment here.

P.S. I wanted to get started with this project, so I still haven’t decorated the shop yet. If you want to contribute to the decoration or have ideas, please feel free to contact me.

My new site which I have hosted on Posterous platform is live now.

Hats off to Masarat Daud

How do you do organize a conference in a village in India against the opposition of village elders, and with no working projector?  Meet Masarat Daud.

She’s a 26-year-old from a Muslim family in Rajasthan, India, who started a widely praised literacy program for villagers called 8-day Academy.  Though based in Dubai, she dreamed of organizing a TEDx event in her home village Fatehpur, Shekhavati.  Here’s what happened, in her own words. I am in awe. Look at the pics at the bottom. 

The journey:

TEDxShekhavati

 

I have lived in Dubai all my life and ‘hated’ going back to India because I would fall sick very often and I thought India was insane—there were too many contradictions and I could not accept how all of them co-existed.

Somehow, 2009 became home-coming of sorts. To escape a high-flying job that was materialistically fulfilling but was lethal to my spirit and self-esteem, I went to India to teach the first 8-Day Academy. And I felt I belong to rural India. I loved the colours, I loved the people. The same insanity that had made me reject the idea of India, now brought me to it.

When I spoke at TEDxDubai, I was surrounded by so many people crying because of how my work touched them. I had a week of sleepless nights. I scribbled ideas all night to make 8DA a global education movement. And once, I was talking to Mehmood Khan whose work inspires me so much and I made a list of people I had to meet during my next trip to India. Then, a random crazy idea came: how about organising a TEDx conference in Fatehpur? Instead of me going to meet people individually, let’s get them all on one stage. Instead of just me benefitting from these people, why not let the whole village be inspired?

I discussed this with James and he loved the idea but reminded me that it’s not an easy task and I must be dedicated. I applied for a license…and in the last week of October 2009, I got the license to organise TEDxShekhavati.

I didn’t know many people in India because I had stayed away from it for so long. I had more non-Indian friends! I began searching the net, connecting with people from India and especially Rajasthan. I made a list of people who had a story to tell. I looked for people who came from villages and small towns and had a great success story. They were not working to earn money for themselves, but gave back to the society too.

It is easier to get people to Delhi, Bombay and other cities but a challenge to get them to Fatehpur. Apart from one speaker (who has researched Shekhavati region since 1977), no one else knew where Fatehpur was! I also looked for speakers who would be ‘genuine’ speakers—not there for the prestige of being on a TED stage.

I had confirmed ten speakers. Then, one night, I came home from an event to find my father on phone till after 11pm which is very unusual for him. My mother comes to me crying, telling me to stop all my 8DA and TEDx event because it is a hassle and there’s no benefit to b derived from it.

And then, I found out.

Schools in our ‘mohalla’ (area) are all community schools, funded by prominent families of the village. So, one person cannot be the decision-maker. The only place where TEDxShekhavati could be held was the community school. Some of the men in this cabinet decided that TEDxShekhavati was a threat to the village culture and should not be allowed. They also found it un-Islamic for a girl to be single-handedly organising this, for her to be on stage in front of many people and to be talking.

They organised a small committee to specifically look into TEDxShekhavati. Of course, none of them knew TED and didn’t care to research or at least visit the TED website. They scheduled a meeting; I was asked many questions. I gave them names and talk details of all speakers, talked to them about Babar Ali, William Kamkwamba and others. They were so fearful of this conference, saying that the Mullahs would oppose it and find faults with it. I was bringing headache to them.

Until that day, when I would read about other TEDx events in India and abroad, I identified with their passion and the way the crowd responded to them. In a moment, I suddenly felt so alienated from those emotions. I had no idea what TEDxShekhavati would look like. I had no idea where it would happen and how many speakers and attendees would show up. But I knew one thing: it would happen. If not anywhere else, then it will take place in my house—with 20 people, 50 people..whoever.

I contacted the speakers and explained the situation to them. Told them that if they can’t make it or accept such an uncertain scenario, then they can opt out. None of them did. Instead, they all stood behind me and said they were now more than certain they wanted to be part of this because they wanted it to happen.

Everyone else thought I was crazy. I was talking a language nobody would understand. People wouldn’t care. But I wouldn’t accept what they said—I wanted to see it to believe it. People want change, I wanted them to tell me that they didn’t and maybe, I’d believe.

Then, there was a Swine Flu scare. Four death in a week in Fatehpur. My parents said they’re cancelling their tickets (which were booked for January 5, 2010). I told them I am still going. If I have to die of Swine Flu, I’ll die of it in Dubai and if it’s not written for me to doe of Swine Flu, I can be seated in a room full of SF patients and I’ll come out alive. I can risk my life but I didn’t want anyone else to get into problems because of me, so I told my family that I would travel alone. My cousins called me from Fatehpur and told me not to come, ‘it is very bad here’, they said.

I stocked up on hand sanitizers and face masks for all [planned] 300 attendees and speakers. My parents decided to stay in the city (Jaipur) while I travelled to the village. On Jan 7 morning, I arrived. The smell of the village, the pollution, the dirty streets, open drains, children running off to school, dogs and goats on the streets…just made me smile. I felt at home. I knew I was doing the right thing.

I started visiting schools and talking to people in the market about TED. First two days, they gave me a very blank expression, not understanding anything I said. Simply smiling and listening. One of them said ‘I don’t know what this TED is but your accent in Marwadi is nice!’.

On the second day, I was drained from all the talking, breaking down the TED concept and explaining TEDxShekhavati to people. One young man came to me and said: ‘Are you Masarat? I have heard a lot about you from village people.’ He was heading one of the local schools. I spoke to him about TED and TEDxShekhavati and he smiled and said: ‘I am so inspired after listening to you! I will surely come!’

I was so happy that SOMEBODY used the word ‘inspire’. That’s what I was looking for. It was also the energy I needed to continue this.

Exactly one week before the event, the community school heads withdrew the venue. They said that until I don’t wear a ‘niqaab’ (covering for my face), I will not be allowed to talk on stage. My father was furious. He immediately came to the village with my mother to help me organise TEDxShekhavati. I was surprised to see them. He told me the village school will not host this anymore.

I told him not to worry. I got in touch with a school I had visited a day before. It was a ‘Hindu school in a Hindu area’. They are the biggest school in Fatehpur and very expensive but had better facilities. They welcome TEDxShekhavati and I confirmed them as the venue. Six days remained and all planning had changed.

We invited two main newspapers that people read locally. The reporters came with camera people. With the help of two local school teachers, I translated some basic information on TED and TEDxShekhavati in Hindi and Urdu. I gave them those sheets and also explained it in very, very basic terms. Until the next three days, nobody printed anything.

They didn’t understand what to write.

Then, they started asking for money. Starting from 10,000 Indian rupees! Since nobody was willing to publish a story, we placed an ad in the local newspaper informing people of the event and to contact us if they wanted to come. We got a call from a nearby village where they said they will bring 50 students!

My mother starting talking to our relatives and women in the neighbourhood informing them of TEDxShekhavati and told them they must come. Most women worked till late night so they can be free the next morning. One of my aunts told her husband to handle the goats and their feed while she’s at the conference.

Then, my father gets a call from the Head of the community who says they are willing to give us back the venue! I refused. My father refused.

All preparations were on. Posters were printed and distributed in bazaars. People were talking about it in the barber’s shop, in the auto-rickshaws. Banners were put up in the neighbourhood and in the bazaar welcoming people on January 19, 2010. Buses were booked in different locations so that people could have transport access. The educated men in the community supported the event and praised it as a big positive change led by ‘the daughter of the village’. Hotel rooms were booked for the guests. Transport was arranged.

Since the event was outdoors, we needed a better projector. One guy says the cost will be 80,000 Indian Rupees! And he said such a facility was not available anywhere. So we agreed. I needed more funds! So far, the cost of the entire event was covered by the money fundraised by the UAE Twitter community. I tweeted about needing more funds; a friend from Twitter in India contacted me immediately and offered 50,000 Indian rupees! Here I have to mention, people were not willing to advertise for the event because no one wanted Fatehpur. Cities are more attractive!

A day before the event, projector guy calls and says the solution he offered us will not work. We must rent a LED screen for 210,000 Indian Rupees. I cancelled it. We stuck to a normal projector. We told the guys who were making the tent to make it dark so we can have a better viewing.

I will admit: I was so nervous; my fingers were ice-cold the entire day. The temperature was between 1 to 3 degrees C. I was so nervous that I thought I should cancel my talk because I might make a fool out of myself.

On January 18, 2010 the speakers started arriving. Sitting for dinner with Samar Jodha, Aman Nath, Amrita Choudhary, Shrot Katewa and Anwar Ali, I felt so calm. As all of them got into great conversations with my father, brother and uncles, I just observed and got such a good feeling in my heart. These speakers were real people who were here for the purpose, not for any glory. They all connected so well and we heard each others’ talks and discussed ideas from them, gave feedback, laughed and had a great time.

I finished some last-minute work in the night. I slept for an hour. Then, I was awake all night. Tomorrow was The Day.

On the day, I reached school in the morning. Everything looked alright. We thought we can accommodate more people here because the venue was bigger, so we placed 600 chairs. One of my uncles told me the night before he had ordered 200 extra chairs. I hoped people would turn up!

The projector stopped working. It wasn’t reflecting the images. I didn’t panic because what doesn’t work…doesn’t work. Just accept it. I informed the speakers and they took it in stride. I opened the event and told all attendees that projector wasn’t working so I will narrate the TED talks instead of showing them. I had prepared TED talks with Hindi voice-overs. Oh and another thing: the sound guys did not have a connection from the laptop to the Sound System!

One of the speakers, Mehmood Khan, could not make it because of a last-minute trip. So, he had sent his 7-minute talk as an audio file. I was going to lose a speaker because of the sound system! But…I figured a solution J

We started the event with the Langa musicians who were amazing. I thought some fundamentalists will walk off but surprisingly, everyone were enjoying the music. I saw people laying thick carpets and I thought: ‘OMG! The chairs are all full!’. There were 250 people seated on the carpet and another 100 standing near the tent opening, so we did have more than 1,000 people. I couldn’t Livestream the event because the net connection is very poor. It took me 25 minutes to attach photos that I had e-mailed you (that’s 25mins per e-mail).

The talks went smoothly, the crowd listened, children were well-behaved. Instead of Chris’ video, I spoke to people about TED and TEDx concept. I spoke about Babar Ali and also narrated Michael Pritchard’s talk. (When I compared the 200nm TB bacteria to the size of their water filter, everyone went ‘OHHHHHH’. They all clapped throughout the event!)

When Mehmood Khan’s turn came (the audio file), I increased volume on the laptop and put a Mic against the speakers…viola! Many people came to me and said ‘Where was this guy talking from? How could we hear him? Was he talking from the Internet?’

I ended the talk with a beautiful clip from the Indian national anthem. Everything went well. Lunch was organised for speakers and guests.

Feedback so far has been great!

Most common: “We had always seen such people on TV. We cannot believe that we were invited to an event where we can hear them talk and see them in front of us.”

“This is the start to bigger community change in Fatehpur.”

“You have raised the bar for all the girls. Now, the women community is very inspired and parents will educate their girls.”

“A very proud thing for all of us that first TEDx in Rajasthan took place in our Shekhavati area.”

“It was such an educational event. Beyond any of our expectations. We never knew such people came out of our villages!”

It make me incredibly happy to see that it worked. There was someone who said: “This was not for people like us. This was for people who have the jazba (passion).”

I think that was a compliment, no?

Personally, I believe that the urban India has adopted a wannabe-culture. They think it’s cool to lose the identity/culture. But rural India is the heartbeat of India. My main aim is to empower them in their circumstances. I always tell them—no one will come from ‘Amreeka’ to solve your problems. You have to solve them yourself. TEDxShekhavati showed them that it could be done.

Attendees were given handkerchiefs with the TEDxShekhavati logo hand-woven by slum women in Jaipur.

There were five street children who came with one school teacher (who is their relative) and those boys were so happy, so inspired. They told me that at next TEDxShekhavati, they will be standing on stage.

I told them: I would be honoured.

Click to view large

Click to view large

Hats off to Masarat Daud. This story is both inspiring and amazing. I can relate a fair bit because my roots are in one similar hindu village and I know how conservative people can be. I know how many oppositions a person can face when he/she is trying to bring in a new idea.

I hope we get to hear more of such things happening in other parts of India.

Well done Masarat and all the best!

Do I need the iPad [Apple Tablet]?

So after all waiting all this time [being hearing about rumours Apple Tablet for at least a year now], iPad is unveiled today and it is covered in details at a lot of places on the Internet. I don't claim to have read each and every major site on the coverage of iPad. Two question that got asked to me by a lot of people over email, face to face and phone was "When are you getting an iPad?" & "Hey, are you getting the iPad?" People that know me know the fact that I like Apple products and I have iPod, Mackbook Pro and iPhone so they assume that I will be getting iPad too!

My expectations have been dampened since reading couple of reviews but above all, the main question that I have asked myself is "what requirement of mine does iPad tend to fulfill?" and if I have had a satisfactory response to the above question I would have asked "Is it worth the price that I am going to pay for the device?". So having not seen the device in works and just reading about it's capabilities I could not come up with any immediate requirement that iPad is going to solve.

Even if I had a partial 'Yes' to the above question, a partly answer to the second question is still a concern to me that I will have to pay to the providers for the extra 3G connection [unless the tethering from my iPhone is going to work for iPad] which can be expensive knowing the telecoms providers here. Even if the price sits for unlimited 3G connection at $AUD 30/month, it might just be between 30-50% cost of what iPad might end up selling in Australia.

So unless something clicks when I see the iPad or if an evangelist sells me this device, I for NOW do not see the need of an iPad.