Why didn't they teach me in school? Five Big Life Lessons!

Why didn't they teach me in school? authored by Cary Siegel talks about important principles of money management which our teachers or education curriculum never taught us at school. Teachers spend all the time imparting book knowledge and life experiences which is unrealistic for adulting when the most important thing is financial management. Cary Siegel talks about 99 money management principles to live by while saving and spending carefully. 

Five big lessons from, " Why didn't they teach me in school?".

1. Principle number one talks about "marrying a financially right person", meaning, a person who is a saver and not someone who likes to keep up with the Joneses. Marrying a person who is not financially savvy will doom your life. However, most people seem to ignore this most important personality trait during the courting process. The author reiterates, that money is the biggest thing that a couple fights about, and if a couple has enough money, the lesser the fights. thus, we need to discuss the money philosophy while courting a person for a marriage. 

2. Principle number two,  "Staying married to the financially right person", means marriage is a public affair and not a private affair! It involves a lot more than what we simply put, LOVE. And staying married to the same person your whole life requires immense patience and perseverance. Because divorce can take a toll on the financial stability of the couple. When a marriage falls apart, it will involve court, law, family, children, assets, and liabilities. This means a couple must divide everything into halves, which requires them to start all over again. As a couple, one must discuss money, monthly budget, debt, savings and etc.

3. Principle number four, "Always live below your means", meaning spend less and never overspend how much you make. People usually can't wait at all. they want to have everything now and then, whether on debt or credit. this kind of habit puts a person into debt.  When we live below our means, there will be always extra money to save and invest. 

4. Principle number five, "Take care of your stuff!", Parents always tell us to take care of our stuff but we just shrug it off because we don't pay for it. However, when we have to pay for everything, we realize how important it is to take care of the stuff. For instance, car maintenance may cost us a little amount if we do it monthly however, if we have to maintain a car in a long run, it will cost us a significant amount. Thus, taking care of stuff is very important yet we never realize it until we have to pay for it on our own. 

5. Principle number Six, "Always have an emergency fund", Life is uncertain, we never know when it will rain on us and we need an umbrella for that. An emergency fund can shield us from any kind of situation. On the bad side, if your car gets hit and insurance covers all but $500 of it? You will need to find that $500 or you won’t be able to get to work. Then, if you haven't saved enough emergency funds, that's when you get into debt.  Your best bet is to have your emergency fund take care of it.

 Thankyou!

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Australian Visa rejection on rise!

People were making various speculation and developing various theories on Visa Rejection by Australian Government. Some say, Government is discouraging People whereas some say, embassy must have negotiated with the embassy in Australia to reject visa. These are nothing but a baseless theories developed by incompetent applicant! 

The Visa rejection is on rise and not just rejection of Asians Visas but the visa rejection ratio is on rise due to so many reasons and some are course choices, incomplete college application form, poor choice of courses or irrelevant courses, long study gap, attaching unauthorized certificate, unable to show money on entering the country. 

What is Migration Act of Australia? 

The Migration Act of Australia says that Minister refuses to grant a visa under subsection 501(3) of the Migration Act if the Minister suspects that the applicant does not pass the character test and the cancellation is in the national interest. The character test here as per 501 (6) (a) to (d) refers to a person with a substantial criminal record, conviction for immigration detention offices, association of person in criminal conduct, past and present general conduct, significant risk of future conduct. 

What is GTE? 

The Genuine temporary entrant is requirement is an integrity that applicants must produce stating his or her purpose and also showing that their entrance is temporary and they will return back to their place of origin when their studies are completed. 

To prove their  GTE, applicant must submit their statement of purpose. The statement of purposes comprises of following categories as given below, 

1. The purpose of study 

Applicant will be required to write the purpose of choosing the particular university in Australia and not in other countries. one must also provide an information on the courses one has chosen to enroll. Example, explain whether the course chosen is relevant to undergraduate course. Additionally, mention about study gap and explain why he or she had to keep gap if the study gap is more than two years. If the study gap is longer, the visa can get rejected on the basis of study gap. if one was in employment, one need to provide substantial evidence. 

2. Employment opportunities

An applicant is also required to submit plans of employment after acquiring skills from Australia, like where and which country one intends to work for. 

3. History of Visa refusal

one must declare whether one has applied to another country for studies and has refused the visa. The foreign ministry only take in consideration of small minor errors. 

4. Financial Stability 

One must also declare that he or she is financially stable and is capable to pay off tuition fees and sustain in Australia while their study period. One must also be able to showcase that one has arranged home and other necessity beforehand.

5. Documentation

The documentation of evidences like academic transcript is very important and they seek substantial evidences. 

Thank you for reading! Follow for additional information on How to write SOPs. 

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Characteristics of Thimphu as an Urban center.

 1. High density of population

The main characteristic of Urban centers is the high concentration of the population. In rural areas, the size of the population will be small, whereas, in an urban area, the number of the population will be more and will keep on increasing over time. For instance, Thimphu is the capital of Bhutan and has the highest population in Bhutan and the population in the capital keeps on increasing due to the presence of important infrastructures like the National Referral Hospital, Bank Headquarters, Royal University of Bhutan's Headquarters and etc.

The population size keeps on increasing in Thimphu as it serves the major purposes of the Bhutanese people. For instance, Royal Civil Service Examination is conducted in Thimphu, wherein graduates of RUB colleges and international colleges gather from   August to December in Thimphu to attend private coaching and seat for the examination. Additionally, the Royal Institute of Management is present in Thimphu which is the famous test center for  International English Language Testing System (IELTS) for which thousands from all the districts rush to Thimphu for the exam. additionally, all the major events of the country take place in Thimphu thus, the population in Thimphu keeps on increasing rapidly in a short duration of time.

2.  Heterogeneity: The Urban population is heterogeneous. 

The urban centers will be diverse in terms of ethnicity, language, caste, and religion, meaning, the urban centers will have people from diverse backgrounds. Though Bhutan is a unified country under the rule of our benevolent King, the country has a diverse group of people. For instance, the diversity in terms of language and religion. People speaking Dzongkha, Tshangla, Lhotshampa, Dza La kha, Bumthaps, and etc are all gathered in Thimphu for diverse reasons. Additionally, Bhutanese following diverse religion like Buddhism, Christianity, Hindu, Loveism, and Kirati is also concentrated in Thimphu.

• 3.  Social distance

 Urban Dwellers are physically crowded but socially distant. People are always seen gathering up in urban centers in Porsche restaurants only to end up fiddling with their phones. then, people live for decades in the same buildings, yet never try to contact or help each other even when they see neighbors shifting out or shifting in. They will just shrug off and will mind their own business. Bhutanese were raised to help each other in their home and villages however with the trending world, Bhutanese are becoming heartless and socially distant. 

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