Wealth of Wisdom - WOW
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Wisdom, News, views, info, analysis & more from the WORLD OF INVESTMENTS to help you create MOUNTAINS OF WEALTH
All posts here is purely for Information Purposes.
Strongly encourage you to contact your Financial Advisor before taking any decision
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It takes years to create wealth and only days to lose it if you have a "POVERTY MINDSET"
Make sure that your hard earned wealth does not slip away from your hands like sand with genuine guidance and hand holding from someone who is an expert and has already been there and done that !!

#HappyIndependenceMonth #Srikavi #DontRetireRich #FindependenceDay
Financial Independence is attractive to me because with Financial Independence I am in a position to look beyond my own 4 walls and can serve the society, the downtrodden and the poor. I can donate to my favourite charity.
Whats your passion to become Financial Independence?
#HappyIndependenceMonth #Srikavi #DontRetireRich #FindependenceDay
“Pay Yourself First” means putting a specific amount of money in your savings or investment account before paying for anything else like bills, discretionary expenses, rent, etc.

This one act of paying yourself first has helped many people come closer to financial freedom. And the reason why this works is that it forces us to explore alternatives to limit your expenses.
#HappyIndependenceMonth #Srikavi #DontRetireRich #FindependenceDay
What do we call independence ?
When we are not "dependent" on someone. When we have planned for our own crisis situations.

Lets take our first step towards financial independence.

1. Start SIP so that you don't financially depend on your children when you retire.

2. Create Emergency Fund so that you don't depend on Government in case of job loss.

3. Buy adequate term plan so that your family does not financially depend on relatives, in your absence.

4. Buy adequate health insurance for yourself and family, so that you don't financially depend on friends and relatives in case of hospitalisation.

#HappyIndependenceMonth #DontRetireRich #FindependenceDay
Disclaimer : Mutual fund investments are subject to market risks. Please consult your financial advisor before taking investment decisions.
It is equally important to manage other goals along with financial independence.
Why?

Because if not done, they will eventually eat-away your built ‘financial independence corpus’ !!

#HappyIndependenceMonth #Srikavi #DontRetireRich #FindependenceDay
WEALTH WISDOM
Just Saving and Investing ?
#FinancialIndependence will not happen from reducing expenses & living a stingy life

Increase your income sources.
Focus on your %age growth of NET INCOME.
This will propel you to your #FinancialIndependence

#HappyIndependenceMonth #DontRetireRich #WealthOfWisdom #Srikavi
WEALTH WISDOM
Plugging Financial Leakages is the most important step to begin your journey towards FINANCIAL INDEPENDENCE.
M
The 1st step towards that will be closing down all your HIGH COST debts like Credit Card Loan, Personal Loan at the MOST PRIORITY basis.
Only then the other steps follows.
#HappyIndependenceMonth #DontRetireRich #WealthOfWisdom #Srikavi
Once you have taken EMI...you cannot change the Asset and the debt outgo will be there
With a SIP, you can always cpntrol where to invest (Equity, Debt funds, Gold funds, International Funds, etc)
EMI is PRISON
SIP is FREEDOM.
Get rid of EMI, embrass SIP and declare your #FindependenceDay
#DontRetireRich #WealthOfWisdom #HappyIndependenceMonth
WHY DO WE NEED MONEY?
To get rid of a Loan (Home loan, Education Loan, Personal Loan)
To start a new business, a new factory, a new branch
To travel, To explore new places
To plan for kids future (education, wedding)
To plan for my own RETIREMENT !!

With money, we have the means to achieve all things that is required to make our life meaningful, beautiful.

When you know why you need the money (purpose), you will be in a better position to make the BEST USE OF RESOURCES you have to achieve Financial Freedom and declare your #FindependenceDay

#HappyIndependenceMonth #FindependenceDay #DontRetireRich #WealthOfWisdom
WEALTH WISDOM
Expenses will never ever stop. It may reduce but will never stop.
Income keeps varying but there is a real danger of Income getting stopped completely.
Saving and Investing, thus, is not an option but a necessity and MANDATORY.
#DontRetireRich #WealthOfWisdom
#HappyIndependenceMonth #FindependenceDay
Majority continue to work in the job they hate only because they are financially weak.
Adapt #WealthyHabits, start Investing in right asset classes so that you too can #DontRetireRich and declare your #FindependenceDay at the earliest.
#WealthOfWisdom #HappyIndependenceMonth
The first move towards declaring your #Findependence Day is to INVEST as much as you can and as EARLY as possible, thus allowing the Power of Compounding to work its magic and help you achieve your #FinancialFreedom.
Increase this investment every year and get your #FinancialIndependence at the earliest
#HappyIndependenceMonth #Srikavi #dontretirerich #WealthOfWisdom
The best day to start saving was yesterday
And the next best day is today!
A small amount compounded over a long period can generate more than a large amount compounded over a smaller period.

#HappyIndependenceMonth #Srikavi #DontRetireRich #FindependenceDay
Financial freedom is a goal which is like a 42Km long marathon. One cannot sprint and reach the finish line. It can be achieved only slowly, in stages.
If Wealth Creation were an Olympic Games, it would be a Marathon!
Have patience and dont lose focus of your goal
#HappyIndependenceMonth #Srikavi #DontRetireRich #findependenceday
Real Freedom is
Freedom from the daily grind
Freedom from Money Strss
Freedom from Month end money crisis
Freedom from Debt
Invest to get Freedom for Yourself.
#HappyIndependenceMonth #Srikavi #DontRetireRich #findependenceday