Day: January 10, 2020

Furious Palace Insiders Say Meghan and Harry’s Decision Is ‘All About Money’

By Diane Clehane
The aftershocks in the wake of the stunning announcement that Prince Harry and Meghan Markle plan to “step back” from their duties as senior royals just keep coming. Hours after announcing their shocking split from the royal family, the couple launched their new website, SussexRoyal.com, where they offered some jaw-dropping insight into the financial considerations that went into their decision to give up their prescribed royal roles. And sources tell me it all comes down to money.

Elizabeth II, Prince Charles standing next to a person in a suit and tie© Provided by Best Life“They basically said, ‘We’re not making enough off of being royals within the system, so we want out,” said one Palace insider. “They are clearly aware they are more popular outside the U.K. than they are in Britain and have astutely decided there’s a lot more money to be made as international celebrities. They want to have their cake and eat it, too. What happened to wanting more privacy? This is all about money.”

In the “Funding” section of their new website, Harry and Meghan (in the third person) bemoan the fact that they have been unable to earn their own money under the current system. Under the question “Why are The Duke and Duchess of Sussex choosing this new working model?” they lay out the following response:

“The Duke and Duchess of Sussex take great pride in their work and are committed to continuing their charitable endeavours as well as establishing new ones. In addition, they value the ability to earn a professional income, which in the current structure they are prohibited from doing. For this reason they have made the choice to become members of the Royal Family with financial independence. Their Royal Highnesses feel this new approach will enable them to continue to carry out their duties for Her Majesty the Queen, while having the future financial autonomy to work externally. While the contribution from The Sovereign Grant covers just five percent of costs for The Duke and Duchess and is specifically used for their official office expense, Their Royal Highnesses prefer to release this financial tie.”

While Harry and Meghan mention they are giving up their taxpayer-funded income from The Sovereign Grant, they do not address the undisclosed income they could receive from Prince Charles’ Duchy of Cornwall estate, which, according to The Daily Mail, is said to be worth £1.2 billion. “They are making a big show of giving up what is probably the smallest amount of income they current make,” sniffed one Palace insider. “They can, and in all likelihood will, continue to receive funding from Charles. They just want to be free of the perception they are living on public money.”

My source said the couple’s intent to “live like jet-setting celebrities instead of royals” will undoubtedly prove quite lucrative outside of the United Kingdom, but within Britain, it’s more fodder for their detractors and puts Queen Elizabeth and Prince Charles in a “very difficult situation.”

The Queen is said to be “furious” over the couple’s announcement, which she was not made aware of in advance. She is still on holiday since she doesn’t usually return from Sandringham until early February and is spending time with the Duke of Edinburgh, who is not in the best of health. “After a difficult end to 2019, this is incredibly poor timing,” my insider said. “This is quite shocking for so many reasons.”

According to several media outlets, no member of the royal family was told of Harry and Meghan’s decision about giving up their official royal roles prior to their announcement on Instagram.

“If this were 20 years ago, they’d be shown the door. When Princess Diana tried to outmaneuver the Queen and announced she was keeping her HRH title after the divorce before Her Majesty issued a statement, it was taken away immediately,” said my source. “Harry and Meghan are playing high stakes poker by declaring they’re are going to live by their own rules without consulting the Queen and announcing their elaborate and clearly well-thought out plan. They want to become the world’s biggest lifestyle brand. If they are allowed to do so, the monarchy as we know it will cease to exist and a new celebritized royal family is about to take over.”

And for more on what made last year such a disaster for Her Majesty, check out 5 Reasons Why 2019 Has Been “Absolutely Dreadful” for Queen Elizabeth.

Diane Clehane is a New York-based journalist and author of Imagining Diana and Diana: The Secrets of Her Style.

5 Critical Life Lessons You Can Learn From Kung Fu Panda

Kung Fu Panda is an animated movie that teaches several interesting life lessons, embedded in a predictable storyline. It is highly entertaining, done in a Dreamworks storybook fashion.

Even though we first watched the movie over a week ago, my kids can not stop talking about it.

In the show, the panda, whose name is Po, was chosen by a wise old turtle, Ooguay, as the dragon warrior to defeat the enemy. Unfortunately, Po was an unlikely character for he was fat and clumsy. He was viewed with much skepticism and doubt by his martial-arts teacher, Shifu, and the Furious Five: Tigress, Monkey, Mantis, Viper, and Crane.

The highlight of the show, at least in my opinion, clearly belonged to the numerous spouts of wisdom and quotes cleverly delivered by the various characters. Animated or not, wisdom can be found anywhere. All you have to do is look and listen with an open mind.

Here are 5 of the wise sayings that I picked up in the movie:

Living In the Now

Ooguay: “Yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the present.”

beat self doubt

We don’t need to read Eckhart Tolle’s book “The Power of Now” to learn the importance of the present moment. We can simply watch this movie to learn from Ooguay about how necessary it is to let go of our past, doubts, and fears if we want be happy.

Thoughts of the future or baggages of the past take away your joy in the most significant moment which is now. What matters is not what has happened or what is going to take place.

Hence, be faithful to what you are doing. Treat each moment as a gift and you will live life fully!

See Also: Live Life to Its Fullest: 39 Ways to Live and Not Merely Exist

You Can’t Run Away From Your Destiny

Ooguay: “One often meets his destiny on the road he takes to avoid it.”

Ever had that tingling sensation that you are meant to do something else? Perhaps it is a dream that you have had since you were young. Or it may just be a recent awakening, like in my case.

I have always thought I would pursue my grand idea of being an accountant or banker. Yes, I know. It sounds like a boring profession, but the thought of having an iron rice bowl appealed to me then.

Even when I first started exploring opportunities on the web, making a ton of money was my first concern. Along the way, someone directed me to watch The Secret movie on Youtube. Well, the rest is history.

I never quite thought that I would be writing articles on self help and personal development. I didn’t imagine that I would be interested in a coaching or healing profession. I’m convinced now that I am threading on the right path since I love what I do passionately. Each day of living this purpose feels so right to me intuitively.

Hence, if you find yourself experiencing that sense of discomfort, that inner knowing that you are in the wrong job or a purpose that you need to fulfill, perhaps it is time to ask yourself what your destiny is. Oddly enough, no matter which way you turn, this destiny calls out to you.

Things Happen For A Reason

Ooguay: “There are no accidents.”

If events do not go according to your expectations, then learn to stop fretting over your suffering and misery. Things often happen for a reason. It may just be a life lesson that you need to take.

As we all know, life is never a bed of roses. If you do not recognize the lesson for what it is, you will find yourself continually stuck or attracting more of the same. You are in a vicious cycle, unable to break out. Step aside, take notes, and learn from there. Then, you will find yourself moving on, becoming a more evolved and higher Self.

Your Passion Keeps You Going

Tigress: “It is said that the Dragon Warrior can go for months without eating, surviving on the dew of a single gingko leaf and the energy of the universe.”

Po: “Then I guess my body doesn’t know I’m the Dragon Warrior yet. It’s gonna take a lot more than dew, and, uh, universe juice.”

Admittedly, it sounds a little far fetched – to be able to survive without eating. But haven’t you experienced several times when you were so absorbed in what you were doing that you forgot to eat?

It is true that our passions can keep us alive. Even in the most challenging of times, they have us going.

A friend I came to know lately shared that her volunteer work in an Aids Organization helped sustained her during a time when she went into depression herself. If not for the patients who needed her and if not for the passion to help others, she would not have survived that period.

You Can Be the Most Unlikely Hero

Po: “There is no charge for awesomeness – or attractiveness.”

At the heart of the story was a character with no apparent gifts or talents. He had to fight feelings of low self-esteem and confidence. He had to endure snide remarks by the Furious Five. Plus, he had to undergo rounds of brutal martial arts training, that kept him from eating.

Towards the end, Po unraveled the secret of the Dragon scroll from a meeting with his father. His father had tried to cheer him by telling him the secret ingredient of the family’s noodle soup: nothing. Things become special, he explained, because people believe them to be special.

As you probably guessed by now, Po saved the day. He realized that he could be awesome if he chose to believe so. And he was indeed the Dragon Warrior, after all!

What you can take from the movie, Kung Fu Panda, is this:

Take action to fulfill your destiny, even if at first you think you suck.

You just need to believe that you are special. And in pursuing your path, you may just discover that awesomeness or attractiveness is being who you really are. There is no charge for that!

Written by Evelyn Lin, the creator of a blog named Attraction Mind Map.

The post 5 Critical Life Lessons You Can Learn From Kung Fu Panda appeared first on Dumb Little Man.

PayU acquires controlling stake in Indian credit business PaySense, to merge it with LazyPay

PayU is acquiring a controlling stake in fintech startup PaySense at a valuation of $185 million and plans to merge it with its credit business LazyPay as the nation’s largest payments processor aggressively expands its financial services offering.

The Prosus-owned payments giant said on Friday that it will pump $200 million — $65 million of which is being immediately invested — into the new enterprise in the form of equity capital over the next two years. PaySense, which employs about 240 people, has served more than 5.5 million consumers to date, a top executive said.

Prior to today’s announcement, PaySense had raised about $25.6 million from Nexus Venture Partners, and Jungle Ventures, among others. PayU became an investor in the five-year-old startup’s Series B financing round in 2018. Regulatory filings show that PaySense was valued at about $48.7 million then.

The merger will help PayU solidify its presence in the credit business and become one of the largest players, said Siddhartha Jajodia, Global Head of Credit at PayU, in an interview with TechCrunch. “It’s the largest merger of its kind in India.” he said. The combined entity is valued at $300 million, he said.

PaySense enables consumers to secure long-term credit for financing their new vehicle purchases and other expenses. Some of its offerings overlap with those of LazyPay, which primarily focuses on providing short-term credit to consumers to facilitate orders on food delivery platforms, e-commerce websites and other services. Its credit ranges between $210 and $7,030.

Cumulatively, the two services have disbursed over $280 million in credit to consumers, said Jajodia. He aims to take this to “a couple of billion dollars” in the next five years.

PaySense’s Prashanth Ranganathan and PayU’s Siddhartha Jajodia pose for a picture

As part of the deal, PaySense and LazyPay will build a common and shared technology infrastructure. But at least for the immediate future, LazyPay and PaySense will continue to be offered as separate services to consumers, explained Prashanth Ranganathan, founder and chief executive of PaySense, in an interview with TechCrunch.

“Overtime as the businesses get closer, we will make a call if a consolidation of brands is required. But for now, we will let consumers direct us,” added Ranganathan, who will serve as the chief executive of the combined entity.

There are about a billion debit cards in circulation in India today, but only about 20 million people have a credit card. (The official government figures show that about 50 million credit cards are active in India, but many individuals tend to have more than one card.)

This has meant that most Indians don’t have a traditional credit score, so they can’t secure loans and a range of other financial services from banks. Scores of startups in India today are attempting to address this opportunity by using other signals and alternative data — such as the kind of a smartphone a person has — to evaluate whether they are worthy of being granted some credit.

Digital lending is a $1 trillion opportunity (PDF) over the four and a half years, according to estimates from Boston Consulting Group.

PayU’s Jajodia said PaySense and LazyPay will likely explore building new offerings such as credit for small and medium businesses. He did not rule out exploring getting a stake in more fintech startups in the future. PayU has already invested north of half a billion dollars in its India business. Last year, it acquired Wibmo for $70 million.

“At PayU, our ambition is to build financial services using data and technology. Our first two legs have been payments [processing] and credit. We will continue to scale both of these businesses. Even this acquisition was about getting new capabilities and a strong management team. If we find more companies with some unique assets, we may look at them,” he said.

PayU leads the payments processing market in India. It competes with Bangalore-based RazorPay. In recent years, RazorPay has expanded to serve small businesses and enterprises. In November, it launched corporate credit cards and other services to strengthen its neo banking play.