The early… the better!
The early… the better!
Today, every single product is positioned as need based solution. Can you deny the need to save for child’s education, self retirement, safeguard family’s health & build wealth in long term? It is difficult to see the advantages of any investment when approached by a good salesman.
The world has evolved to a global state & so do any company or salesman. I would rather term them all as HAWKERS. They position the product so well that customers fall for sales pitch & buy it.
Game plan of HAWKERS: IF you have child, you require Child Plan. If you have family, you must have medical insurance. You also need Retirement Plan.
Result: You buy costly child Ulips & guaranteed plans, complex medical policies, inflexible pension plans. They push you to diversify across Stocks, gold, property, bonds, bank FD, PPF & other complex options. If you can’t afford a new home, bigger car, or foreign holiday, they will get you to leverage on future income.
You take a home loan, a car loan, a personal loan & you also collect few credit cards in bargain. This is sure shot recipe for financial worries. Use the magic word to safeguard your finances against such perils, make you rich & protect you from friends offering free advice, wealth managers, money quacks, banks, insurance companies, bank relationship managers, insurance agents who are trying to sell you something or other.
Magic word: No, Nahi, Nako, Na, Venda, Nahim, Illa, Illai.
‘NO’ is a very powerful word. Use it ruthlessly. Say ‘NO’ to the relative who wants to sell you an endowment insurance policy. Turn down bank executive who is pushing a pension plan. Refuse the offer of free add-on card from Credit Card Company. Don’t agree to buy child plan that costs a bomb.
Action Plan: Keep your financial life as simple as possible.
Missed my regular post due to Exhibition in Pune.
So, rightly said Advisor Jaroori Hai
This one says why to stay invested the IPL way.
The image says,
Investing in different schemes or funds is futile.
Stick to few schemes.
Diversification is necessity; Over Diversification can be hazardous for your portfolio.
The First Match of IPL contained Investment message.
Very few noticed it.
A Professional Coach is required in Cricket likewise; A Professional Advisor is also required in Investing Journey.
The image explains why just thinking about investing is pointless and “Doing” or “To Execute” is all that matters.