Interest is more important than alom-vilom!
To live comfortably depends on each
individual. But there are certain basic things which every human need to
survive right from the day of his birth as the survival depends on physical and
intangible elements that feed your body as well as your mind.
Regardless of a society's currency or
unit of trading, a source of income is vital to survival. In some countries,
you may not need a significant amount of money to survive due to lower costs of
living but you still need some way of paying your bills. Even if ill and unable
to work, generous friends and relatives or governmental support is critical.
Before the advent of cash, people around the world used goods and services to
barter and trade.
Perhaps the most critical element to
survival is oxygen that allows us to breathe. Whether your problem is lack of
air, poor air quality or a physical condition that limits your lung capacity,
you will likely suffer brain damage or die if your supply of oxygen is cut off
for longer than three minutes.
I was happy when I retired as
non-pensioner on getting handsome amount of interest on my deposits from the
total dues received in lump-sum but with the passage of time, the bank rates
have been reduced so low that income from interest has reduced to fifty
percent. Now I feel that the pension to a retiree is more important and secured
which increases from time to time. Not only has this, in the event of death of
spouse, who too happens to be a pensioner retiree, additional pension income
continued to add to your existing monthly pension.
When I discussed with one of my known
banker as to how to increase the income, he plainly said either I should take a
risk for investing in share market, mutual funds or reduce my necessities.
There is no question of taking any risk in the sixty plus, I had no alternative
except to opt for the later otherwise the principal amount would go on reducing
years by years and one day will come when I will be having no money but still
having ‘will and strength’ both ‘physically and mentally’ for another tens of
years.
Frankly speaking, one of my old timer
friend told to me that to live inhaling and exhaling – alom-vilom - of Baba Ram
Dev, are more important but the other day when we were just gossiping to pass
or kill the retired life, he was amazed with my instant reply to him, him that
I being a non-pensioner, interest income
of the deposits with the bankers is more important than your alom-vilom.
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