How does chess benefit us? What does chess teach us? Top 10 motivational chess lessons for life!

What are the benefits of chess?

How does chess benefit us? 

 

What does chess teach us?

Lesson one:

                                   

"After the game, the King and the pawns go in the same box!"

 A pawn is a pawn- the King is the King ONLY until the game is in progress. After the game that distinction is lost. Even in our life it is the same. Our posts, designations hold value as long as we are alive. So a CEO of an organisation and a sweeper might be next to each other in a graveyard. The bigger lesson to derive here, is that we must not be excessively proud of our achievements. In fact we must believe that there are bigger things to achieve.

 Thus treat everyone with due and deserved respect, and be a good human being first!

Lesson two:

                                                       

      

 "To achieve bigger things, you often have to make sacrifices!"

 In chess, the ultimate objective is to achieve checkmate. To do this often a player has to give up one of his pieces even the queen sometimes. 

Similarly in life as well if we wish to achieve something big, we will have to make sacrifices. 

For instance: A fitness trainer will always stay away from ill habits such as smoking, consuming junk food, etc. This is known as sacrificing things of smaller interests for achieving things with a bigger interest.

Lesson three:

                                                     

"Be persistent - A pawn gets promoted to a queen if it reaches the eighth rank!"

       

Be determined - that is the key to success! If the pawn manages to work its way to the eighth rank, it gets promoted to a queen!

In life as well, if we show persistence, we will achieve greater heights. Do NOT let some minor set-backs affect you, or unsettle you. Have the faith that at the end of the journey we will obtain tremendous success. (fame, money, etc whatever the goal is!)

Lesson four: 

                                  

"It takes just one blunder/mistake to ruin all the great work!"

 In life it takes years and years to build a repute, or create an impression, or develop a meaningful relationship. It takes just one misunderstanding, a minor dispute to annihilate that and sabotage everything created over years of hard work. And once that happens things are difficult to mend. It is like a mirror- that crack always remains visible.

This is exactly what happens in a game of chess. If the player is careless, a winning position can change into a lost position. Let me share a big chess secret with you. Do you know what is the most difficult thing to do in chess? Winning the game from a winning position. The execution till the end matters! 

Lesson five:

                                              

 "Think before you commit! In life and chess; there are no take-backs!"

Think- Use your time BEFORE you make a commitment. In chess (not talking about your casual games with friends) there are no take-backs. The rule is "Touch to move". I am sure you have heard about this rule.

In life as well, we must think coolly over matters that are significant especially that will affect us in the long run. Spoken words can NEVER be taken back. So think prudently and act accordingly.

Having said that, you cannot think forever. In chess too, there is a fixed thinking time. That is why the time-management is so pivotal. 

Do not act and think - think and act!

Lesson six: 

                                              

 "Show great strength even in difficult times!"

Every chess player is naturally good at this. During a game of chess if a player makes a blunder, the countenance of the player will NEVER reveal that the last move was a blunder. The player will continue to act like he/she has made a world-class move!

 Similarly in life when the going gets tough, we must show great character, and not sit down crying and grumbling. You must try to do your best to come out of the situation and become resourceful yourself.

Thus if you are someone with responsibility your juniors look up to you, and you must display strength and character.

Your juniors should NEVER look at you with sympathy!

Lesson seven: 

                                                   

"Have a definite plan - A life without a goal is like a ship without a radar!"

Imagine there is a football match and the players are extremely talented. However there are no goal posts. Imagine the sight!

They simply go from one end to the other, and then back again. There is no goal!

In chess as well, a player needs to have a plan of attack. Needs clear objectives.

In a game where a Grand-master (GM) is playing against an amateur you will find that the basic difference between their games is that the GM moves with a definite plan while the amateur moves pieces because it is their move!

Lesson eight: 

                                                 

"Display sportsmanship! Before and after the game there is always a shake of hands!"

In chess, a formal shake of hands is obligatory. The rivalry is over the board. In life as well, we must show sportsmanship- a large heart! We must accept that if your opponent has played better than you, he/she deserves to win! 

Similarly at your workplace, if some employee has done a great job the promotion must be granted! Do not be jealous. Be generous at heart. Show strength in accepting the occasional defeat, set-back. 

Whenever you read about some good news, promotion, success, great result, etc. go ahead and congratulate and be a part of the celebration. 

The hands that never clap for others will NEVER hold a trophy!

 Lesson nine:

                                                     

 "Never underestimate anyone! Victory belongs to those who focus better!"

In chess, it will be a very big mistake if you see a kid wanting to challenge, and the over confidence seeps into the system. The kid might just teach you a lesson of a lifetime! Treat people with respect. Treat every move on its merits. 

Be humble. Be a learner. GM Vishwanathan Anand is a great example of this. He has been in the field of chess for so many years now, but still is on good terms with most players. 

More importantly if you are such an individual, people would be attracted to you in order to learn more from you!

The ultimate lesson:

"Keep improving - Be open to new ideas - Change is the only constant!"

Don't be adamant. Be flexible. Be open to new ideas. 

Keep in mind that the only constant thing in life is change. 

Is it the same in chess? 

YES. The lines and the ideas considered bad in the olden times are being brought into play after research.

Therefore welcome new ideas and think upon them. Do not dismiss them with any kind of prejudice and without proper thought.

Hope you enjoyed -

1.  The Top 10 motivational chess lessons for life
2.  How does chess benefit us?
3.  What does chess teach us?
4.  Chess and real life comparison.

Enjoy my video regarding the same!

Do leave your comments and feedback!

Cheers!

How to play the Sicilian Defence? - Taimanov Variation by our faculty Omkar Chakradeo Sir

  The Sicilian Defence

   Here is a video by our faculty at the Vaidya's Chess Hub (R) Mr. Omkar Chakradeo.

 It is about the Sicilian Taimanov variation (from the black's perpective)

Go ahead and enjoy the video.

Towards the end you have interesting positions (treat it as a challenge/homework) and leave comments.

Cheers!

How to manage stress? Top Stress Management tips!

The importance of stress management and the most effective ways to remove stress!

                                        

  "Stress can destroy much more than just our physical health. Too often it eats away at our hope, belief, and faith"

- Charles Glassman - M.D, The NY Center for Longevity and Wellness 

 How does stress work?

Imagine I ask you to hold a glass of water. Then, I ask you about the weight of the glass. You will, in all probability reply, that it is say around 300 grams. 

                                                                      

   Now, I ask you to hold the glass for 10-15 minutes. After some time you will surely feel the weight of the glass to be much more than before. You will feel it weighs a ton! Therefore the weight is relative.

 This is exactly how stress works.... 

Initially you may not feel it, but overtime it gains weight and at one point it becomes unbearable. This example beautifully explains why it is important to manage stress. We must never allow the stress to accumulate. Else one day it could go beyond tolerance. 

Does it affect only the grown ups?

 NO. Stress can be felt by all age groups. In fact, a research conducted by the American Psychological Association revealed the fact that everyone experiences stress. The question was "How much more?" OR "How much less?"

We live in this modern era, and stress has many ways to seep into our system.

What are the benefits of a stress-free life?

According to many clinical researches, the following are the benefits of a stress-free life:

1. Increased life span
2. Reduced depression
3. Prevention of unnecessary energy drain
4. Improved memory
5. Increased attention span and focus

 Everyone should read the following top tips very carefully in order to lead a 'stress-free' life, and experience all the benefits mentioned above. 

    1. Diet and exercise:    

                              

         Exercise greatly keeps you cheerful, and rejuvenated. You should exercise for at least 20 - 30 minutes daily. Having a good diet adds to your fitness. Avoid junk food, and do not overeat. I am a teetotaller, but if you consume alcohol, keep the intake under check. Smoking is a big "NO". 

    2. Follow the principle of 'letting go':

                                 

         So often you can find yourself engaged in a completely unnecessary argument. Such as "Who is the best actor?" Or "What's the best way to celebrate your birthday?" etc. 

   Do not make everything an ego issue. Agree to disagree. Everyone has a right to have their own distinct opinion and this is totally normal. Do not try to prove your point on each occasion. 

   3. Meditation and Yoga: 

                                             

         "You cannot sing and whistle at the same time." 

             Which means that if you are in a state of relaxation, you cannot feel the stress. Yoga and deep breathing techniques are really a good way to bring peace of mind. You should  meditate for 10-15 minutes (depending on your practice and availability of time).

  

  4. Have a good talk:

                                   

          Remember how the weight of the glass of water felt a ton due to passage of time? It is because you were holding that glass of water all the while. It is therefore strongly advised that you should talk to someone close to you. Your relative, your friend, anyone with whom you get along very well. During this discussion it is quite possible that you will yourself realize how silly some of your apprehensions are. So, open up and TALK!

   5. Take good amount of sleep:

                                     

          Sleep ensures optimum recharging of your body. It is very vital for any individual to sleep for at least 7-8 hours. That is the average. Studies have revealed that your brain performs at a very high level when you get adequate sleep. 

   6. Cut it at the source:

  

                                                    

          Sometimes, you know where your stress comes from. You know your habits.

 For instance, you often forget to pay your bills on time (before the due-date) and it brings more stress. Such things are easy to stop. Use the technology to set reminders and alerts. Use your cell phones or maintain a small pocket diary. By virtue of this habit, you will finish the important task on time (or maybe even before time). A proper plan will help you cut the stress at source- Planning is important.

Planning is so important that it is said - "Failing to plan is planning to fail"

               

    7. Play games: 

                                  

          You should not underestimate such simple but effective measures. Play with your buddies. Spend time with children. You will notice their exciting world and draw motivation and happiness. You will realize that it is very easy to lead a simple, non-complicated life. After all there is a reason why they say -

                       

                                                  "Child is the father of man!"

 How to mange stress during tough times such as the COVID-19?

                                                 

  Stress levels can be particularly high during such times. The main reason for that is over-thinking. Often stress is a result of thinking about the future. The future is uncertain, and that creates stress. Our mind becomes diabolical. I want you to affirm this line firmly in your minds - 

    "Half the things we worry about actually never happen!"

Life is never the same. You should tell yourself that nothing stays forever so this too shall pass. 

We live in an era where there is a constant information overload. What is alarming furthermore is that we insist that we should know everything about everything. 

No, we don't. 

The constant 'breaking news' and 'updates' can be overwhelming. I recommend you seriously do this experiment. 

                                    

Spend your day as normal and at the end of the day take a pen and paper and jot down all the things that could have been kept out of your life. 

1. What part of the news was completely irrelevant to your life? 
2. How you spent almost 2-3 hours worrying about a forwarded message that your received only to learn that it was a fake message?
3. How much control did you have about the grief, sadness shown on the television?
4. Did you watch the negative news all the while or did you switch to comedy from time to time?
5. Did you take out your stress on some loved one?

 Believe that things will get better. Have faith that everyone is trying to make the world a better place to live. Acquire warmth in the thought that there are doctors, police officers, pharmacists, scientists, etc. who are working up-to 18 hours every day to find the solution for the unprecedented situation.

In fact, it is during these times that you should take out time to realize true value of things. How you took simple, everyday things for granted. How important simple things are! In short, it's time for some self-reflection or introspection! 

                                        

Rediscover yourself! Rediscover yourself as a friend, as a family member, as a son/daughter, as a husband/wife, as a dad/mom. Pose questions to yourself as - "How can I adapt to this new world?" "How can I contribute?" "How can I be resourceful?" etc. 

We are fortunate that humans have been blessed with the unique ability to be creative and adapt to the changing situations. Yes, human beings are capable of that.

   We must accept the fact that the only thing constant in life is change!

      Most importantly you can try to help those who are in need. Ensure you feed those you can. Provide money if necessary. Take care of your juniors/employees. Support them.

                                       

 How should the students deal with this unprecedented situation - COVID-19?

 The first thing is to understand and absorb the fact that this COVID-19 is an unprecedented crisis. Nothing of this ilk has happened ever! 

Now how should the students come to terms with it?

 The main thing is to divide the 24 hours into distinct slots! 

                  

8 hours of sleep.

1 hour in exercise, meditation, yoga, getting ready (distributed across the day).

1 hour in dinner/lunch/breakfast time.

5 hours in education (online classes, your H.W).

2 hours of entertainment (TV, films, series, shows)

2 hours in learning a new skill (cooking, writing, languages, musical instruments)

1 hour in everyday chores/routine, or reaching out to people - going out for essential work, etc

2 hours on social networking (calling friends/relatives, Facebook, Instagram, etc.)

2 hours in household help (utensils, brooming, washing clothes, watering the plants, etc.)

(The division mentioned above is a sample. You should make necessary changes)

Do not generalize what you should do with the entire day at your disposal.

       

1. Have faith- the situation will change! The lock-down cannot last forever.
2. Use the time at hand as a bonus to revise the topics you thought, you had no time for earlier.
3. Acquire new skills. Learn a foreign language, study coding, a new musical instrument even!
4. Spend time positively on the social media.
5. Share notes with your friends if they missed their classes. 
6. Improve your own worth by building vocabulary.
7. Laugh! Watch humour. "Laughter is the best medicine".
8. Plan the things you would do when the world eventually resumes its chores.
9. Appreciate the people who were a part of your life and understand their value! The people, your friends, your teachers, etc.
10. Appreciate the importance of freedom. The feeling of how it is to live under restrictions.
11. Work on your fitness (at home)! Believe me, you have all the time in the world now.

 Lastly, keep in mind that - 

  "Yesterday is a goner so it is called history- Tomorrow is unknown so it is called a mystery- But today is a gift and so it is called present!"

 Hope this article added some value. Leave your comments, and tell us what technique/s you used to overcome or reduce your stress. If you had your own unique way, do share that as well.

Stay fit! Stay happy!

Cheers!

                

    

    

अभिप्रेरणा हेतु एक रोचक हिंदी कथा (A Hindi story for motivation)

बुद्धिमत्ता एवं प्रसंगावधानता का महत्व !

             

एक गाँव में एक वृद्ध पंडित, अपनी कन्यासमेत एक छोटे से गृह में निवास करता था। कन्या अतिसुंदर थी। उसकी आयु विवाहयोग्य हो गयी थी। दिन व्यतीत हो रहे थे। 

    किसी कारणवश पंडित को ऋण की आवश्यकता पड़ गयी। एक महाजन ने उसे इच्छित ऋण दिया। किन्तु वह दुष्ट था। उसे पूर्ण अनुमान था की पंडित समय पर ऋण का भुगतान नहीं करेगा। उसके पश्च्चात वह उसकी सुंदर कन्या से विवाह करने का प्रस्ताव रखेगा और पंडित को अनुमति देने पर विवश होना पड़ेगा।

घटित भी वहीं हुआ। दुष्ट महाजनने पंडित के समक्ष विवाह का प्रस्ताव रखा। पंडित की कन्या यह श्रवण कर दुखी हो गयीं। वह महाजन की दुष्टता से भलीभाँति परिचित थी।

महाजन ने दुखत प्रतिक्रिया देखकर कहा, "एक अन्य विकल्प हैं। गाँव के विद्वान लोगों को एक सभा में, नदी के किनारे आमंत्रित करते हैं। एक कुंभ  में दो पाषाण होंगे - एक काला, तथा एक श्वेत। बिना देखे, कन्या को एक पाषाण को बाहर निकालना होगा। यदि वह पाषाण काला निकला तो कन्या को मुझसे विवाह करना होगा। परंतु यदि उस कुंभ से श्वेत पाषाण निकला तो विवाह करने की आवश्यकता नहीं होगी अपितु मैं आपका ऋण भी क्षमा कर दूँगा।"

      

पंडित की कन्या केवल सुंदर नहीं थी। वह बुद्धिमान भी थी। उसने महाजन का यह नविन प्रस्ताव स्वीकार किया।

तिथि निश्चित की गयी, और गाँव के विद्वान जन नदी के किनारे सभा में उपस्थित हो गए।

महाजन ने उसके स्वाभाव अनुसार दुष्टता की। उसने कुंभ में दोनों काले रंग के ही पाषाण रख दिए। पंडित की कन्याने यह दृश्य देखा और उसे ज्ञात हुआ की उसके साथ छल हो रहा है। यदि वह विद्वानों के समक्ष महाजन की सत्यता उजागर करती तो संभवतः महाजन उसका भविष्य में प्रतिशोध अवश्य ले लेता।

(अब वाचक स्वयं को उस कन्या के स्थान पर रखे और विचार करें ... आप क्या करते  ?)

पूर्ण विचार करने के उपरांत उसने एक उत्तम योजना रची।

जब उसने कुंभ से पाषाण निकाला, तो उसे तत्क्षण उसने फ़ेंक दिया (निक्षेपण किया)। वह स्थान नदी किनारे था इस कारण वहाँ पाषाण ही पाषाण थे।  यह किस पद्धति से प्रमाणित करना संभव था की कौनसा पाषाण निकला था ?

                                       


इस अवसर का पूर्ण लाभ उठाते हुए कन्या ने विद्वानों से कहा, "कोई क्लेश का कारण नहीं है - कुंभ में कौनसा पाषाण शेष है यह देखते है....

सब विद्वानों ने देखा की काला पाषाण शेष रह गया था !!

उन्होंने अंतिम निर्णय यह दिया की प्रथम श्वेत पाषाण का ही चुनाव हुवा होगा। अतः महाजन के वचन-अनुसार पंडित का ऋण क्षमा हो गया है एवं कन्या को भी महाजन से विवाहबद्ध होने की कोई आवश्यकता नहीं है।

तात्पर्य :

 बुद्धिमत्ता एवं प्रसंगावधानता हो, तो कठिन समय में भी विजय प्राप्त करना संभव होता है। 

                         


[आशा करता हूँ की यह कथा, आप सभी को रोचक लगी।  यदि लेखन में कोई त्रुटि हो,तो क्षमा कर दें। ]

Positive thoughts for a motivated life! - Inspirational thought - The diamond paradigm!

 The best inspirational life thought - 

 

A great idea for inspiration in everyday life! 

                  

 The diamond paradigm!

       

Are you looking for an ultimate, best illustration for motivational talking or speech? Are you searching for an inspiring example that can transform your life?
You are at the right place! 

A powerful idea that is based on one of the best life thoughts.

Let's begin....

There are many examples of positive attitude, but the one I'm going to share with you is simply one of the most powerful and inspirational. 

There are so many beautiful life quotes such as - 

"When the going gets tough, the tough get going"

Life is never always the same. It is full of ups and downs. It is more like a roller-coaster ride.

When we are sad and we are surrounded with hardships, and the situations are grim, this illustration will serve you well. So, just remember this.

I've used it a lot in my sessions, and discussions with students with great effect and impact. This is a powerful thought and can transform your life, and help your juniors overcome fears, and apprehensions, doubts, etc.

Do you think it right for us to complain all the time to God, "Why? Why me?"

                              

Certainly NOT!

 Surely there is a better way to think.

 I would go ahead and say that challenges are important in life. Imagine a life without challenges. 

How will we bring about the self-development?

How can we realize our true potential?

You must have heard of the famous line - 

     "A calm sea never made a skillful mariner!"

                                            

A mariner has to face bad weather, battle storms, etc. Post all this the mariner transforms into a skillful mariner. He can then boast of his experience. But first he must endure the hardships.

A diamond is an excellent motivational, inspirational example!

How?

 Well, have you seen a diamond in its raw form? At that stage, is it in the same form as we find it at the jewellers'? 

NO!

So what are the steps involved in its transformation?

       

1. Mining is carried out and the huge boulders are broken. 
2. Such a boulder is taken to the surface where the excess rocky part and dirt is removed so that the experts can assess the quality and the size clearly.
3. At this stage it has a look of a dull glass....nothing more! (you will not pay much for that!)
4. They are cut as per the requirements.
5. Finally comes the polishing part. Here the cut diamonds are subjected to intense friction. Ask any diamond expert and they will tell you - 

     "...without the polishing phase, a diamond would remain dull."

 

Conclusion:

  The diamond was originally selected in its raw form since it had the potential to become a brilliant sparkling gem that had potential value!

Similarly, when we face tough times, please tell yourself that it is His way of transforming you into a diamond. 

Remember what the diamond merchant said about the polishing phase above?

If we complain to God every now and then - it would mean as if we are in a subtle way telling God that we wish to remain a dull and a worthless thing. 

Only if we endure the friction, and the cutting will be turn into a diamond! A precious diamond.... a thing of beauty- a joy for ever!

       

 I hope that you all have understood "the diamond paradigm". 

The next time you confront a tough situation, DO NOT GRUMBLE. 

Here are a few powerful, motivational, and inspiring thoughts - 

1. Life is never the same.
2. A calm sea never made a skillful mariner.
3. Without polishing, a diamond would remain dull.
4. Only if we endure the friction (face tough situations) will we transform into a diamond!

Watch the inspirational video I created for narrating the motivational diamond paradigm - 

Enjoy!

          

     

   I expect that the next time you confront a tough situation or a challenge, you will respond positively!


Do leave your comments, your experiences and your feedback!


Cheers!

How to write a formal letter?

How to write a formal letter?

Want to write a good formal letter? What is the correct, latest format? 

Writing an effective formal letter is an art!

            

This post will cover the following very important details about writing a formal letter correctly (as per the latest format)

1. The latest format for a formal letter writing
2. Formal letter writing topics - two examples
3. Writing or written samples regarding formal letters
4. Types of formal letters
5. Letter to the Principal, authorities, editor of a newspaper (Times of India)
6. Formal letter writing latest format for schools
7. Formal letter writing examples - with exercises (interesting way!)
8. Where and how to leave proper lines and spaces
9. Best practices for an ideal formal letter writing
10. Perfect way to communicate in business or as a professional

There could be a lot of doubts in your mind especially about writing the date.

Example: 

 Should I write it as:

• 2/6/2020
• June 2nd, 2020
• 2nd June 2020
• June 2, 2020

 All such doubts will get clarified after watching my video!  👇

 

 So, I'm sure that you will like this lecture on - "How to write a formal letter?"

 The second part of the video will provide a very good practice for attempting/solving the Language Study questions. (They are for 10 marks at the SSC level)


Do leave your comments.

Cheers!

One minute English challenge! [Kitchen tools] [Part 5]

One minute English challenge! [Part # 4]

[Kitchen tools]

   

                            

                     

Leave your comments and feedback!

Hope you all enjoyed this One minute English challenge # 4


This video is on my YouTube channel - English grammar with Ameya Sir

One minute English challenge # 3

Hi all!

 Here is the Part - 3 of the 'One minute English challenge series'.

   

                       
   Attempt it and leave your score!

   Cheers!

Stress Management!

 Hi all!

 We live in an age where it is too easy to feel stressed.


                                     


What is more important is to understand how stress works, and how to deal with it. Today let us discuss about 'stress' and the ways to reduce it.

It can be illustrated by an example:

Suppose I have a glass of water...

                                                          

 Now, I ask you to hold it and let me know the weight. You would find it easy and you could tell me that it weighs about 300 gms or something like that.

What you must remember is that it is its relative weight.

If I ask you to keep holding the glass for 10-15 minutes at a stretch, you will surely feel as if the glass weighs a ton!

That is exactly what stress does. If you keep holding everything in your heart- accumulating it, storing it, the pressure will rise steadily.

Initially you may not feel it, but with the passage of time you will feel the stress.

I recommend two techniques to get rid of stress -


1. The principle of 'letting go' - 

Don't allow things to unnecessarily bother you. There are so many things that you keep holding with a tight grip. Sometimes it is better if you can just let them go, and you will gain happiness. There are times when we enter into a really silly debate or an argument about who is the best player, or the best actor, etc. These things are all unnecessary. You can 'agree to disagree' and not take things to heart!

Do not insist on proving your point. Make your point, place the facts, and move on....

(Remember that everyone has their own opinion - and that is normal)




2. Cut the stress at the source - 

 Suppose you have a habit of forgetting the payment dates. Due to this, many a times your bills go unpaid or you have to pay the late fee.

                           


You should then set up some reminder that will alert you well before time/before the due date, and you will then not be in any stress at all.

Make good use of the technology and set reminders - use the cell phone, keep a small pocket diary ...whatever works for you!

Even the students can implement this technique.

So often they procrastinate- thinking they have lot of time at hand. Then, one fine day they realize that the exams are fast approaching and they haven't finished their revision.

Result - Stress.

If they plan properly, they would not be in stress. Therefore 'planning' is important!

It is rightly said that - "Failing to plan is planning to fail!"

Hope this added value!


 Watch my video and leave your comments!

    
   Cheers!

The stock markets -How to start? What money should be brought into share market?

What should I do?

 Hello!

So, often I am asked this question: "I wish to start trading in stocks, but I do not have any money right now. Should I take a loan and start?"

I bet you know a lot of people who would have faced the same situation. Maybe you were in such a conundrum yourself.


Let us deal with the topic then -


This one question leads to many other questions such as -

1. What would be a sufficient amount?
2. How to acquire that amount?
3. Will I be able to arrange it?
4. Where to open the trading account?
5. Should I start with a small amount or a lump sum amount?

  Let us start with all of these one by one - 

Q.1 Should I take a loan? 

Answer: NO. NOT AT ALL. 

Q.2 Should I start with a lump sum amount?

Answer: NO. You should start with a small amount (a thousand rupees even). Remember that gaining experience, knowledge is critical when you begin your stock market journey. 

Keep in mind that 1,00,000 - 1,00,000 is ZERO, but so is 1000 - 1000 !! 

In fact, with 1000, you could try a 100 times if you have a lakh of rupees!

Q.3 How to arrange for this amount?

Answer: I am going to recommend four simple ways to arrange for the capital.

   1. STOP wasting money on flop movies!  

   

     

 

    OK, now I'm not saying you shouldn't watch movies at all, but you should avoid splurging!

The movie tickets, the popcorn tubs, the water bottle costs...you know that!

2. STOP throwing unnecessary parties!

 "Hey....the Sun still rises in the east!" 😆

 Again, I am not saying that you should stop celebrating success. But avoid unnecessary expenditure.

3. STOP the unwanted shopping!

 

There are so many things/products that we buy only to regret later. You can save this money and use it wisely. 

4. Quit bad habits/addictions!

 

Actually, this one is the easiest thing to do. This is important for a dual benefit. If you quit your addictions/bad habits you will gain wealth and health!

Q.4 Where should I open the trading and demat account?

Answer: Any broker authorized by SEBI will do. (in India)

 

There are two types of brokers - a) Full broker  and  b) Discount broker

a) Full brokers - 

 They have higher brokerage charges because they can be easily approached. They have their offices in all the big suburbs. They can even assign a personal manager for you sometimes.

Examples: 

(I do not have any vested interests. These are only examples. You should make your own choice.)

 

b) Discount brokers - 

 They have lesser brokerage because they do not have shops/offices all over. They simply provide you with a trading platform. You can open an account with them once you have gathered enough experience. 

  

Examples: Again, make your own choice. I have an account with Zerodha.

               

Q.5 Will I be able to do it? 

Answer: Yes. You can! Let me quote my own example. I had no one in my family who was into the stock market. In fact, I come from a background where even the word 'stock market' was looked upon very suspiciously. So, if I can, so can you!

As I said - Go steadily. Have a positive approach. Try to learn. Start with a small sum.

You will surely succeed!

Hope you liked the detailed explanation.

Leave a comment.

Cheers!