Stop leakages to create wealth

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·      Stop the leakages of our (financial) water tanks –

·      Our income is a tap of our financial tank.....and if it has a leakage, water (money) will keep flowing.

And if tank isn't filled up...it will not provide us water (money) continuously.

·      If we don't plan properly and keep leakages as they are...our financial tank will not be fulfilled and we will always have a deficiency of funds.

·      What are our leakages?

1.    Keeping money idle (cash) at home or in saving accounts...its purchasing value reduces with inflation.

2.    By choosing wrong path for our financial goals. Our hard earned money not able to work for us.

3.    Spending it on unneeded branded items.

4.    Not planning for short, medium and long term requirements.

5.    Not balancing between income and growth oriented assets.

·      Thus leakage is one of the common problems involved in investing.

·      It can be managed by proper diversification of available funds into various asset classes after considering various other factors like time frame, requirement, risk profile etc.

“If you don`t find a way to make money while you sleep, you will work until you die” – Warren Buffet

Process for Successful Wealth Creation

Wealth creation process needs two hands – One is of true Advisor and other is Investor. 

·   Success of wealth creation depends on the openness and full information of total investment portfolio. Advisor and investor both need to give time and make efforts towards completely understanding and achieving the goals in life.

·        I) Banks mainly deal with FD’s and loans,

 II) Insurance companies for life cover,

III) Stocks/Real estate brokers deal in buying and selling stocks, bonds and real estate.

They don’t have desire or weapons or even time to focus on a family’s personal needs. Instead true advisor is a person who thinks beyond all this and helps you to focus on fulfilling responsibilities and dreams easily.

·        Investments aren’t one time process, it’s a lifelong process.

Thus an advisor can help you to create multi generational wealth through planning lifetime investment strategy.

·        Technology is a great tool for saving time, effort and energy but it can’t frame the right questions for your family.

     Human touch and feelings matter a lot in wealth creating process.

·       Strategy of short and medium term market focus is entirely incompatible for the lifetime investment process. Daily ups and downs don’t matter for achieving the great goals of life.

A true advisor helps you to construct properly balanced portfolio that will enable achieving all the goals over a long period of time.

·      Past scheme performance, fund manager ratings, alpha, beta, charts and graphs aren’t much important.

Wealth creation depends on the longevity of the assets hold and time and discipline are the pillars of it.

·     Actually wealth alone, can’t give us peace. But when we get financial stability and clarity of our finances, it ultimately gives us peace. So wealth creation is the process of attaining peace.

Wishing You All Successful Wealth Creation!!!