Rise of YOU.Ltd and its Financial Implications

16 January 2015

Rise of YOU.Ltd and its Financial Implications

Greetings from Hitesh! Thanks for your responses to our last post on illness. We all have them. The only difference between Normal and Successful guy is that the later knows how to overcome the same while former dies with it!!

I have come across a beautiful article in The Economist dated 3^rd Jan 2015. It talks about the changing work culture in Digital Age. It has moved from Permanent Job to Contract Job to On Tape or on Call Job (read YOU.LTD).

In permanent job, you work till you retire. You are secure for your future and retirement benefits. In contract job – you are relatively secure till your contract period say for 2 years to 5 years. Most Indians in Middle East Countries are contract employees.

Indian and US Experiences:-

In the digital age the new concept of “On Demand labour” has come up. Say you are calling MERU CAB or UBER or you are doing work from Home. The Driver of Meru cab can work as per his time. Once he is ready – company sends him the pick-up requests.

Many computer programmers do these. In USA – they provide lot many services like cleaning house/food/laundry/ repairing. You name it and it is there.

The person doing above work is registered with a website say HANDY.com. Handy.com – gives them the work depending on their area of work and time preferences.

Many companies employees this kind of workers as per their needs. Once the need is over – they are unemployed. As per The Economist – they end up making USD 2500 to USD 3500 per month (do not convert into Indian Rupees). Normal MERU Cab driver makes about Rs.20000 to Rs.35000 per month in Mumbai.

Advantages and Challenges of YOU.LTD:-

You are your boss from the day one. You decide your time and area of work. You decide the work you will do and you will not do. For many women this is the best thing to do while taking care of their kids. It increases the productivity and benefits the TAX PAYERS in the long run. So, if your first love is flexibility and not the job security, then this is the best thing to do.

The major challenges for individuals are to have multiple skills and keep them updated also. They will have to save from their current income for their lean periods. They will have no fall back in their old age if they do not plan in their best years. Issue of loyalty and discipline will also come – as seen by RAPE by UBER Driver in Delhi recently.

What is our Call?

We see there are two classes of people – those who have money and no time V/s those who have time and no money. The above arrangement brings them together and apparently looks beneficial to both.

But the truth is that you need to have money for your needs today and tomorrow. Since 2007, we have seen that not only big companies are going bankrupt but also countries are going bankrupts. In such a scenario, whether you are permanent worker or running YOU. Ltd. – you need to plan for your own security.

The best way to help yourself is to have a Passive income and Investments are the only way through which you can generate regular passive income.

What Next?

With the intention to provide security in this unsecure world we have been trying to awaken the normal investors with the realities of the real world.

Our Mantra is Start investing NOW. It is the only thing which can make you secure in real sense of the word. If you need help in investing do approach us.

We are investing in some amazing growth stories. If you also like to participate in them, do join us.

Have a Great Weekend.

Follow me on Twitter @hiteshmparikh Or on Whatsapp - +91-9869425399.

Live With Passion…Invest With Passion.

Hitesh Parikh.