You can be the powerful batsman of your life i.e. Investing just like ABD
Requirements: Strategy, Focus, Patience & Faith.
Don’t miss the Power of Compounding.
A small example of compounding.
The wise flocks will understand.
You can’t build your body overnight. Time has to spent through compounding.
Through the power of compounding, a small amount of money over time can grow into a substantial sum.
Compounding is an investor’s best friend.
Investments can increase in value over time – and the longer the time frame, the greater the value. This is achieved through returns that are earned, but not spent.
When the return is reinvested, you earn a return on the return and a return on that return and so on.
Therefore it is important to start saving early in order to benefit from the power of compounding returns.
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.
Let’s get a clear understanding of financial planning.
The early… the better!
Missed my regular post due to Exhibition in Pune.