Pranav Joshi's Blog

Meaning

A family office is an entity that handles investment management and wealth management for a wealthy family or multiple wealthy families, with the goal of managing, growing and transferring wealth across generations. A Trust under Indian Trusts Act, 1882 is commonly used to set up a family office, as it is most tax efficient as per current laws.

In India, most families consider only wealth management, against philanthropic functions globally.

Types of Family Offices

Boutique or Single...

I've been in the Writing and Editing industry from some time now, and have come across some tools and apps that are life-changing. They are the best of the best, and have helped me carry out four projects successfully. And today, I share them with you.

1. Hemingway App

One of the lesser-known apps that highlights lengthy, complex sentences and common errors. It's an excellent resource with a full-featured editor built in. It takes care of:

Adverb Usage

Passive Voice

Complex sentences

The best part...

I came across the concept of freelancing in Grade 11, and was fascinated. The freedom, the work-from-home lifestyle and the working-from the-beach pictures had me hooked.

I eventually found that my love for the English Language could be monetized, and what I considered as fun was actually a paying occupation in itself. And that, my friends, is how I got in to the Freelance Editing and Proofreading Industry.

Four months and four large projects later, I've got five invaluable lessons for a...

This short summary of a 51 page dense report by ACCA serves as a quick introductory guide to young students and professionals who are highly-driven, motivated and ambitious (And yes, want to become CFOs). Sounds like you? Then go ahead and read this future-focused report.

The finance function would transform from a past-focused, analytical and accounting or compliance-based function, to a consulting or advisory-based function.

Diversity would be required in terms of both experience as well as...

The quantity of a mans pleasure from a ten dollar gain does not exactly match the quantity of his displeasure from a ten dollar loss. Charlie Munger

Here's a riddle for you. Option A has an 85% chance of winning $100 and Option B has a sure gain of $85. Which one do you choose?

It is quite probable that you chose Option B, presumably because you thought of yourself as a conservative person. A bird in hand is worth two in the bush, right? Maybe not.

Let's try a similar riddle, with changed...

1. Ask the three key questions - By When (deadline) | How Much ($$$) | How Many (words)

As a freelancer, you must narrow down these three things right at the beginning. If not accepted and cleared by both parties, it leads to a lot of heartburn and frustration later. Besides, it turns the project proposal into a concrete, objective numbers rather than subjective figures.

2. Complete pilot projects of at least 1000 words

Pilot projects help you and the client get a feel for each other's working...

There's this famous quote by Jim Rohn:

"You are the average of the five people you spend the most time with"

I think it needs to be updated for the Information Age. While the "people" aspect still stands, undoubtedly. But, it is also true, that the kind of information we put into our heads - is who we become. Reading. The most important skill every millennial can develop. Now available in the form of newsletters, that are free of fluff, and free of cost. Yours for the taking. Here you go:

...

The newsletters recommended in this article include some India-specific and some general finance educational newsletters. I'll make sure to point out, which is which. You'll also find those ubiquitous bullet points under each newsletter. They denote the topics which the respective authors explore.

JagoInvestor

India-focused outlook

Credit cards advice

Tax advice

Personal finance advice

USP - no-nonsense advice, without fluff or fillers

I Will Teach You To Be Rich - Ramit Sethi

USA-focused outlook

...

Introduction

Cryptocurrencies have taken the world by storm. The big corporations now want a piece of the trillion-dollar market. And with good reason. Crypto payments are significantly faster, cheaper and seamless for the end consumer seeking to transfer funds to another party. The crypto advantage especially shines through in the case of international money transfers, where traditional banks levy high percentage-term fees, which are a major cost.

Libra by Facebook

Regulatory reactions have...

Mahatma Gandhi said that seven things will destroy us. The Seven Deadly Sins is a list that MK Gandhi published in his weekly newspaper Young India. Later, he gave this same list to his grandson, Arun Gandhi, written on a piece of paper, shortly before his assassination.

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His son Arun Gandhi describes it as a list of "Seven Blunders of the World" that lead to violence.

The antidote to each of these "deadly sins" is based on natural principles and laws, not mere social or societal values. These...