Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Welcome to Tamil Brahmins forums.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features.
By joining our Free Brahmin Community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features.
Registration is fast, simple and absolutely free so please, join our community today!
If you have any problems with the registration process or your account login, please contact contact us.
Reports suggest that textile waste is the second-largest contributor to pollution in India. Fast fashion, toxic dyes, mass industrialization, and lack of repurposing have led to a massive increase in textile waste. Globally, around 10% of textile gets reused and the rest goes to landfills. This creates an enormous ripple effect on the environment, with a rise in landfills, emission of greenhouse gases, and climate change. The youth must focus on environmentally sustainable practices.
USHA and NDTV want to encourage and educate the masses on the need for sustainable fashion and repurposing. The 4-month initiative is about building conversations and awareness around repurposing textiles and sustainable fashion. The campaign will feature brands and individuals who are promoting recycling and upcycling, giving your clothes a conscience.
Reports suggest that textile waste is the second-largest contributor to pollution in India. Fast fashion, toxic dyes, mass industrialization, and lack of repurposing have led to a massive increase in textile waste. Globally, around 10% of textile gets reused and the rest goes to landfills. This creates an enormous ripple effect on the environment, with a rise in landfills, emission of greenhouse gases, and climate change. The youth must focus on environmentally sustainable practices.
USHA and NDTV want to encourage and educate the masses on the need for sustainable fashion and repurposing. The 4-month initiative is about building conversations and awareness around repurposing textiles and sustainable fashion. The campaign will feature brands and individuals who are promoting recycling and upcycling, giving your clothes a conscience.
Very very timely - we have also got into the western culture of getting newer and newer clothes [ in fact, almost everything ], whether we really need it or not. And, now that the West has got into the " Repurpose, Recycle and Reuse Mode ", I suppose its time for our younger generation to get into that concept as well !!
Firstly, one should get out of the urge to buy more and more [ whether it be clothes or anything else]; secondly, give away what one does not really " need ". Please understand the differnce between " need" and "want".
Very very timely - we have also got into the western culture of getting newer and newer clothes [ in fact, almost everything ], whether we really need it or not. And, now that the West has got into the " Repurpose, Recycle and Reuse Mode ", I suppose its time for our younger generation to get into that concept as well !!
Firstly, one should get out of the urge to buy more and more [ whether it be clothes or anything else]; secondly, give away what one does not really " need ". Please understand the differnce between " need" and "want".
I agree with you on a personal level. At my age, I can afford to do that.
But on the national or societal level, I want economic prosperity. If the economy prospers we all prosper. The poor get some trickle-down benefits.
If the younger people stop spending the economy will collapse, I am sure we do not want that.
That is the dilemma we face.
What is good for the masses may not be good for the individual.
Being extremely frugal can actually hurt you more than help you. If you focus too much on saving every penny, and don't invest early, you could be missing out on a lot of money.
Anyone who grew up with grandparents that lived through the Great Depression probably has a story or two about extreme frugality. When you never had to ration bread or stand in a soup line, it seems pretty silly to see your Grandma hoarding canned goods or haggling with the manager at a grocery store.
But lots of us did grow up during the recession of 2008, never realizing how similarly that experience has shaped our approach to money. We may not refuse to throw away leftovers and wear the same pair of shoes for 20 years, but frugality has once again become a national obsession. DIY culture is all the rage, and the blog space is filled with articles on how to cut your spending down to the bone.
It’s not that being frugal is bad—plenty of people could learn a thing or two about making their money last—but pinching pennies should never be more important than earning them. The truly wealthy tend to have a growth mindset, spending responsibly but focusing the bulk of their energy on earning.
If this hits close to home, it’s time to ask yourself—are you buying into the cult of frugality?
_________________________________________________________
If you’re avoiding exercise because a $40 gym membership is expensive, you’re actually costing yourself hundreds of thousands of dollars in the long run. Skipping spinach because it doesn’t last as long as a bag of rice is actually the less frugal decision.
“There is a floor to frugality, because you can only cut your spending by so much and you’re always going to have expenses like rent and food,” said financial planner Kevin Matthews of Building Bread. “At some point you must focus on increasing your income and investing. There is no limit to how much you can make on this end of the spectrum.”
For instance, if you pinch pennies and stash $500 a month in a one percent savings account every month, you’ll have $341,595 in 45 years. If you live a little and only put away $250 a month in an index fund that tracks the S&P 500, you could have $953,929 in 45 years. Balancing frugality with smart investing would lead to $600,000 more in the long run and $250 extra each month.
By cutting out most (or all) of your wants and sticking to a very tight budget, you could live off of less than $1,000 a month. Here's three examples of how (and where) you have to live to do it.
There is an amazing capacity for consumption. I feel, that we consumers are the happiest souls when we consume something of our choice. Be it a slice of pizza, driving a newly launched SUV, consuming content (print and digital both or mere a book). The bottom line is- our chosen consumption makes us happy and it is in this pursuit that the Indian economy sees a revived kind of consumerism where malls are getting back to 100% capacity, people are returning to jamming the roads and eateries have already started seeing footprints.
Do you know why we are happy when we eat the food of our choice? This is because the areas in our brain that help with the regulation of eating, hunger, and cues, signal dopamine to be released. This creates a sensation of good feelings, and positive reinforcement. The study says it is part survival, and part sensory when we eat.
Now think about shopping. We already have experts who suggest us to Retail Therapies. And study claims that shopping actually causes your brain to release more Serotonin-a chemical substance that makes you feel good!
Even for that matter, giving makes us feel happy. A 2008 study by Harvard Business School professor Michael Norton and colleagues found that giving money to someone else lifted participants’ happiness more than spending it on themselves. Backing this theory, we have happiness expert Sonja Lyubomirsky, a professor of psychology at the University of California, Riverside, who dug out parallel results when she tasked people to do five acts of kindness each week for six weeks.
Talking about consumption, I would say, it is always been seen as the driving force of the economy, providing people with the incentive to expend their time and energy to obtain more and better things.
Consumption not only provides happiness to those who consume but arguably also has other favorable consequences, by giving people the incentive to work, trade, and innovate for a better life, leading to higher levels of production and economic growth, and boosting aggregate demand and reducing unemployment. And after the pandemic hit, we know well, how economic activity in markets strengthens developments. I feel consumption is a win-win for the economy and the consumers. The quest for a better life by way of consumption makes the economy expand with growing activities simultaneously making us “consumers” happy.
Being extremely frugal can actually hurt you more than help you. If you focus too much on saving every penny, and don't invest early, you could be missing out on a lot of money.
Anyone who grew up with grandparents that lived through the Great Depression probably has a story or two about extreme frugality. When you never had to ration bread or stand in a soup line, it seems pretty silly to see your Grandma hoarding canned goods or haggling with the manager at a grocery store.
But lots of us did grow up during the recession of 2008, never realizing how similarly that experience has shaped our approach to money. We may not refuse to throw away leftovers and wear the same pair of shoes for 20 years, but frugality has once again become a national obsession. DIY culture is all the rage, and the blog space is filled with articles on how to cut your spending down to the bone.
It’s not that being frugal is bad—plenty of people could learn a thing or two about making their money last—but pinching pennies should never be more important than earning them. The truly wealthy tend to have a growth mindset, spending responsibly but focusing the bulk of their energy on earning.
If this hits close to home, it’s time to ask yourself—are you buying into the cult of frugality?
_________________________________________________________
If you’re avoiding exercise because a $40 gym membership is expensive, you’re actually costing yourself hundreds of thousands of dollars in the long run. Skipping spinach because it doesn’t last as long as a bag of rice is actually the less frugal decision.
“There is a floor to frugality, because you can only cut your spending by so much and you’re always going to have expenses like rent and food,” said financial planner Kevin Matthews of Building Bread. “At some point you must focus on increasing your income and investing. There is no limit to how much you can make on this end of the spectrum.”
For instance, if you pinch pennies and stash $500 a month in a one percent savings account every month, you’ll have $341,595 in 45 years. If you live a little and only put away $250 a month in an index fund that tracks the S&P 500, you could have $953,929 in 45 years. Balancing frugality with smart investing would lead to $600,000 more in the long run and $250 extra each month.
By cutting out most (or all) of your wants and sticking to a very tight budget, you could live off of less than $1,000 a month. Here's three examples of how (and where) you have to live to do it.
"Frugal" does NOT mean penny- pinching - it actually is a waste-not -want-not principle. Ratan Tata is a great example of this. If it means that an executive's time will be wasted travelling economy [ which will mean he'll need to spend time and effort to rest/ sleep before getting down to work], executive class - or even first - is a sensible option. But Tata himself, if there was no definite need for it , would rather go cattle class. Likewise, Sudha Murthy - It's the value one places on the time spent, the money and effort involved and so many other factors that go into being "frugal ". Conscious and conspicuous spending is what should be watched out for. Just the difference between fast foods and home cooked meals - an occsional pizza / burger/ masala dosai from a restaurant, as opposed to regularly eating out. So also, the use of water / electricity - keeping dripping taps closed and lights switched off when not required is frugality - its conserving your and the planet's resources.
One supposes, that clothes and other such things in life also come into this category.
For the older generation, being " frugal " had a different meaning altogether.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
special.ndtv.com
