Do you Really want to get Rich / Wealthy?

Ask Yourself – “Do you Really want to get rich / wealthy”?

Is it on your priority list OR are you happy going through life living salary to salary and retiring at 58 and then wondering how to spend the next 20/30/40 years of your life?

Not many people are cut out to create wealth. In fact most people do not.

How much time do you spend each day thinking about it?

What?

You don’t even think about financial independence once a day and you expect to get there in your 40s?

Forget about it.

You think you CANNOT resist spending Rs. 200,000 on that bike that you are dreaming off or on a car costing Rs. 12,00,000 when you have not thought about Investing for Financial Independence?

Forget financial independence in your 40s, after all you do not want it as badly as you want your car or house, do you?

Likewise, what are you willing to sacrifice to build your Retirement corpus? It takes some sacrifice, and the longer you delay that sacrifice, the larger the sacrifice becomes.

If you are 33 yrs, and not yet set up any SIP for retirement, and all your money is in Bank FD, Real Estate, ULIPS, LIC etc, kiss your early retirement / wealth creation dreams a Happy Goodbye.

Cost of Delay:-

The longer you delay the lesser the chances of you being able to create any wealth.

The longer you delay, the lesser retirement corpus.

The longer you delay, the longer you have to work.

The longer you delay, higher chance of you working forcefully even if your health doesn’t support.

The longer you delay, the sooner your happy retirement dreams will fade away.

#theequitylearners

#artharthifinancialservices

P.S- Interested people can contact us for Financial Independence Program.

Why Review?

Don’t be a blind follower of your fund despite signs of trouble.

Staying invested in mutual funds over the long term is not enough.

REVIEW your portfolio PERIODICALLY to ensure you are investing in the right instruments.

Kaustubh Deole

Tips for Wealth Creation

Investors should use:

Banks for short term cash management.

Insurance to cover the risks.

Gold to hedge the currency (i.e. Rupee).

Real Estate for consumption (Residence) or regular income (rent).

Capital Market to create long term wealth.

Unfortunately, it happens otherwise.
People tend to use:

Banks & Insurance for investments,

Gold (jewellery) for consumption ,

Real Estate for long term wealth creation, &

Capital Market for speculation and short term gain.

Needless to say, why they fail to create wealth!

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