5 Habits That Help You To Become Rich.
Wealth Creation Is A Process, Not An Event. A Journey, Not A Destination. Some Pointers To What We Need To Do To Move Forward On Our Path To Financial Freedom…
1] Tomorrow Never Comes
The Best Time To Invest Was Yesterday. The Second Best Is Now. The Worst Is Tomorrow. The Best Time Is Gone And The Worst We Don’t Want To! So Let’s Get Started ASAP. Delaying Investments Harm Us More Than We Can Imagine. The World Is Coming To India To Invest; What Are We Waiting For? Start Small, But Start Now! Compounding Is Magic Which Just Grows Our Money Exponentially With Time. However Small We Invest, It Is For How Long We Invest In The Correct Asset Class That Matters More In The Long Run. Remember, The Asset Is Time Because Time…Is Money!
2] Be CHAUKANNA Always
Remember Always, That NO One Can Ever Be More Bothered About Your Money Than Yourself. No One Can Love You More Than Yourself. Never Trust Anyone When It Comes To Money. Be Aware Always Of The Decisions Which You Are Making For Your Investments. One Should At Least Know, That The Mediator Is Not Cheating. To Check Others, You Need To Be Well Equipped Yourself First. Remember, The Offence Is The Best Defence And Prevention Is Better Than Cure. Once You Are Cheated And You Have Lost Your Money And Time, Then What Is The Use Of Being Vigilant? Stay Alert Now And Always.
3] Stop Leakages
How Is Our Thought Process?
Income – Expenses = Investments
What Should Be The Correct Way For It??
Income – Investments = Expenses
Don’t Delay Your Planning For Investment. Starting Might Be Small Or With Very Less Amount But Starting Is Important. Also, Think About Stopping Unnecessary Expenses. This May Lead To Leakages Of Your Wealth. It Does Not Make Any Sense To Fill The Tank With Leakages, Because Anyways It Will Take Extra Efforts To Fill It Fully.
4] Risk Is A Part Of God’s Game
Be A Risk-Taker. Assess Your Risk-Taking Capacity And Also The Returns Which You Need To Generate To Achieve Your Goals; And Once That Is Done, Start Taking Calculated Risks. Taking No Risk Is Probably The Biggest Risk. Whether You Like It Or Not, Accept It Or Not, Inflation Affects Everyone. So, It Is Best To Proactively Manage This Risk And Keep Its Negative Effects Under Control.
5] Chemist Can Never Replace Doctor
For Any Small Illness, We Can Avoid Going To The Doctor. But If Medicine From Chemist Does Not Work Properly Then It May Take Us To Death Bed Even. We Should Always Go To Doctor For Curing The Illness As Well As To Have Guidance For Being Healthy. First, We Should Know The Basics About Investments, Securities Markets And Mutual Funds And Then Secondly We Must Go To The Correct Person/ Organisation For Professional Advice. While It Is True That A Chemist Can Never Replace A Doctor, Equally Important Is To Go To A Correct Doctor.
