RAHUL SODHI

Warren Buffett has been filing his income tax returns from the age of 13. He is now 95. Not only he is filing returns for last 82 years, he has details and copies of all the 82 returns. When I was in US, lot of my free time was spent in local library. For a voracious reader like me, the variety and volume of books available were feast to the brain. That's when I first came across Warren Buffett. I think at that time he was the richest or second richest person on earth. And he built it from the scratch legally. I found it difficult to believe that someone can become richest person in the world purely through legal means. That created a huge impression in me. I made what my auditor then considered as a weird decision. From the time I started accumulating wealth, I began giving all the information to income tax department. For a few lakhs of rupees wealth, I started submitting cash flow statement, Profit and Loss account and balance sheet along with my IT returns. My current auditor came into my life around two decades ago. He was surprised when he saw my previous returns with this much details. I explained him why I needed it that way. He was also surprised that from every single bank transaction to all financial transactions were entered and maintained in Tally. I was also keeping in box files all back up papers for each financial year. Within few years of our relationship, he not only implemented this model for his family but also to some of his willing clients. After I got married, my wife found it very odd to file income tax returns like this. Convinced her and implemented the same for her too. Time runs fast. By God's grace, we are wealthy. But the interesting part is right from my first income tax return to last year - not only I've records of all IT returns, I also have original statements and documents for all financial years. It's all there in tally too. I don't have a single rupee of black money. More than investing, in which I'm still a novice, I learned lot of life lessons from Warren Buffett. I don't want to claim any moral superiority. For many people, especially in developed nations, this practice is very normal. Being honest is probably considered abnormal only in our country. From my life, I'm convinced that it is possible to become rich through legal means. I'm now 53. If God gives me say another 20 to 25 years of life, I'm confident of creating phenomenal wealth, that too purely through legal means. Warren Buffett says it is very important as to who you have as role model in life. I've few role models in life and probably he was the first to join the list. Role model matters. Building significant wealth through legal means is 100% possible.

This is how a steering should be for next 100 years

RETURN HOME FIRST: U.S. TIGHTENS GREEN CARD RULES The U.S. has announced that most foreigners in the U.S. on temporary visas, such as students, tourists, or temporary workers, will no longer be allowed to apply for a Green Card from within the country. Instead, they must return to their home country and apply through a U.S. consulate abroad. USCIS says “adjustment of status” inside the U.S. will now be granted only in extraordinary cases. The agency says this follows the original intent of immigration law, reduces visa misuse and illegal overstays, and allows USCIS to focus resources on citizenship, trafficking victims, and other priority cases.

मोदी जी, आपका Melody Reel हर भारतीय का - और उसके दर्द का - अपमान है।

My lived experience taught me that many Indian women and men above 65 are one of the most regressive, dangerous, fraudulent and corrupt-to-the-core group of humans alive. Their goal is total control over every youngster in their family, and elimination of their desires, life ambitions and happiness, to the maximum possible extent. They absolutely demand respect no matter how repulsive their character(s) may be. And they use culture, religion and mumbo-jumbo to perpetuate their fraud. Time to speak up, and expose, and resist.

Watch | Upset over a "vertical split in the alloy wheel" of his "newly purchased Volvo car" which he claims posed a serious safety risk, a customer in Ahmedabad is staging a protest by displaying the vehicle and the damaged wheel on an open truck across the city. Banners placed around the truck, written in Gujarati, alleged "fake safety claims" by Volvo and criticize the company for allegedly not taking responsibility after the sale. One banner also sarcastically suggests buying an Alto instead of a Volvo, claiming the incident puts lives at risk. The protest has drawn attention on roads as well as on social media.