The Bucket List

Imagine you were told you had 6–12 months left to live.

What would you do with your time left?

Today i watched the movie again.

It’s about Billionaire Edward Cole (Jack Nicholson) and car mechanic Carter Chambers (Morgan Freeman) who meet in the hospital and learn that their respective illnesses will kill them in less than a year’s time. Instead of letting the news bring them down, they decide to create a bucket list together, which is basically things each of them want to do in life before they die. The rest of the movie explores the relationship between the two men as they go out and try to live their bucket list.

It’s a beautiful movie that I’d definitely recommend.

Lessons I learnt from The Bucket List, thought it might be useful to you:

  • Death often comes Unexpected: Edward and Carter were in their old age when they found out they were going to die. But it still crept up on them. They were living normal lives, and then suddenly their time was going to be up.

    Whether old or young, death often comes when you least expect it. You really never know what can happen. That’s why you need to grateful for every day you wake up and make sure you’re living the life you want.

    In financial context, make sure you have adequate Term Cover & Health Cover for your family to support their lives.

  • Make your Bucket List Now:Seriously. Don’t wait until life passes you by and it’s too late. Start today!

    Write down all the things you want to do in life. Dream big.

    List all your objectives, goals, aspirations to achieve. You get life only once.

 

  • Actively plan to execute the objectives mentioned in the list:Making the bucket list is the easy part and only Step 1. It’s worthless unless you start planning out how you’re going to accomplish the things on it.

    Edward and Carter couldn’t really plan since their time was limited. They just took action, which is a major part of the equation too.

    While you likely have a lot of time to accomplish the items on your bucket list, don’t wait for “some day” to come. Again, you never know when your time is up here, so there needs to be a little sense of urgency and desire to take action. Squeeze everything out of life while you can. Start by picking an item that is attainable and take the first step to figuring out how and when you can do it.

    Planning & Execution is the Key to achieve the goal. Planning your finances, spending, investing, formulating a financial plan & executing it makes sense.

 

  • Bring joy to other people’s lives:In the same story about the deceased waiting to get into heaven, Carter tells Edward that the question god ask them is “Has your life brought joy to others?”

    Life isn’t meant to be all about you. Yes, your dreams and goals matter, but it’s really about impact and legacy. How many people’s lives can you touch while you’re here? How can you be a role model for others?

    As Carter said in the movie, “You measure yourself by the people who measure themselves by you.”

    I try to educate & empower all through right financial planning, financial awareness, personal finance & investing principles for wealth creation.

 

  • Be adventurous:When Edward and Carter saw the world, they did it in style. Their journey was all about having fun and doing things they had always wanted to do. They pushed the boundaries of what they thought they were capable of and grew in the process.

    We should all try new things more often. There’s so much out there to be experienced. If there’s something that’s been on your mind a lot that you’ve wanted to do, just go do it. Take someone with you. Create memories you can hold onto. Have the most fun possible. Do it all.

Continue reading The Bucket List

How to Retire Peacefully?

We all invest for some objective, but are the investment baskets the right avenue to invest?

Will it yield the required corpus in a particular time frame?

The image is based on true & live story of the happenings around.

I pray this should not be your case.

Educate yourself while Investing.

Keep right approach while Investing & stick to it.

Kaustubh Deole

Quiz

Rs 100 is kept by your great greater and greatest grand father in the year 1818 in a secret box – Hint to open the box is written in encoded format on the box

Money in this box is growing at a rate of 10% per annum compounded annually

In the year 1918, your great grand father found the box and tried to open, but he was unable to decipher the code. Box went into hidden secret place after that… And still money is growing at 10% p. a

In the year 2016, when you went to your hometown, you heard from some of your neighbours about the secret box and you wanted to explore.. So you took the help of nearby archaeologists and excavated some places in near by village where ur great grand father used to live and finally you found the box

You took it home started trying to decipher the code.. You logged in the decipher code on super computer and it took 2 years and finally super computer revealed the secret code.

You arranged the numbers on the box as per the code revealed by super computer and the box finally opened

Can you tell the amount of money you see TODAY in 2018 year?

Also, tell me what would be the value of money ur great grand father would have seen if he opened the box in 1918 year?

Kaustubh Deole

Loss Aversion Biases

I find that some people are married longer to their stocks than their spouses. 😂😅😛

This is nothing but loss aversion bias.

People generally are reluctant to book their losses and keep holding the stocks in the hope to recover their cost price. And worse, few even average out the falling knives.

For an Investor, it is very important to accept the mistakes, learn from them and to move on.

It is far better to pay premium for excellence than to enjoy discount for average.

Kaustubh Deole