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.

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

When you are Greedy!

When does a person feel greedy?This emotion can arise due to rising markets. Greed is the opposite emotion to fear. It is the emotion which wins over fear and promotes over-confidence. With the rising markets, investors become greedy and hold on for longer positions, or often make random trades, which they are not supposed to do in their investing system.

This emotion can arise due to rising markets. Greed is the opposite emotion to fear. It is the emotion which wins over fear and promotes over-confidence. With the rising markets, investors become greedy and hold on for longer positions, or often make random trades, which they are not supposed to do in their investing system.

So, it is the emotional control that is the key component, an investor must exhibit while investing. True success depends on this psychological strength of the investor. Greed has to be dealt with to maintain your focus and not to get swept away by illusions.

Kaustubh Deole

Financial Freedom

Financial Freedom means having zero tie-ins to anything financial. It includes your income, debt and expenses, lifestyle. It is of little matter how people perceive the meaning differently. Rather, it is more crucial to understand how to act based on your financial situation.

Loan Free
Being debt-free should not be confused with being financially well off. If you are only debt free, you still have to work in order to pay for your basic expenses and taxes. In order to achieve financial freedom, the first thing we have to ask ourselves is what does it take to be debt free?

Income & Expenses

Assume you purchased a car without any loans required, it does not imply you are financially debt free.

There are other factors to take account of like servicing & other maintenance costs, fuel costs, repairs etc. Moreover, this is just a car. Think of other factors also. Your expenses must be well managed to achieve this goal.

If expense is greater than income, you are far from being free from anything.

Financial Assets

Financial assets are financial tools that will generate annual cash flow for you. These assets can be pension, shares, bonds and mutual funds. You can get dividends from shares, receive regular payments from your bonds or mutual funds.

For retired individuals, they can enjoy the benefits of EPF, PPF, PMVVY(Pradhan Mantri Vaya Vandana Yojana)

Conclusion

It’s easy to sell a story of being financially free. You may have heard several discussion or lectures on the importance of generating ‘passive income’ and ‘self generating money’ tools.

Feel good stories sell the best and people buy into this.

Investments and savings are good, but as with most things in life, they come with risks like inflation.

In great books, being financially free does not equate to wealth accumulation but rather your lifestyle.

Live within your means, plan for the future and consider the role of inflation while calculating financial freedom. We might be of help.

Weekend Reading

Have a Proper Investment Plan

Boris Becker had it all — six grand-slam tennis titles, models hanging off his arm and luxury houses all over the world.

At the height of his career, the German ace had amassed a reported $63 million in prize money and sponsorships, but now the man once known as “Boom Boom” for his ferocious serve has gone from boom boom to bust.

Now 49, Becker was declared bankrupt by a British court, capping a fall-from-grace story that saw the one-time wild child go from Wimbledon champ to walking headline by blowing through money, women and business ventures in retirement.

His lawyer pleaded for more time and “one more chance” to make good on debts he has racked up in retirement.

But the judge said, regretfully, the man she had once watched dominating center court has already had plenty of chances.

“One has the impression of a man with his head in the sand,” Registrar Christine Derrett said.

The above news of Boris Becker, Six times grand slam winner and one of the most successful tennis player, becoming bankrupt sends one of the most powerful message to all the youngsters of today.

“Success is never permanent . Plan well when the sun is shining coz failing to plan is planning to fail. “

Financial management is most crucial lesson one should learn in these uncertain times.

Have a great weekend.

Kaustubh Deole