I could immediately connect the Episode with my Profession of Financial Planning!!
He saw another set of 7 Heads of Grain which were however thin and dried out.
He called his Wise men and asked for its interpretation but no one was able to answer.
Now, the reason for me sharing this story in this Finance Blog is because I could connect the story to our FINANCIAL PLAN.
Just like Good Years of Fortune and Bumper crop was followed by Famine,
1. We too could have Income stopped
2. Booming years of Stock Market could be followed by years of Bear Markets
Firstly, ensure that your necessities are taken care of...followed by Comforts and then by Provision for FAMINE years
Okay...7 years could be too much....how about a measly 12 months....
LIFESTYLE INFLATION the BIGGEST
We need to realise that our goal is COMFORTABLE LIFESTYLE throughout our life and not just during our working years and for that, we need to have a balanced Lifestyle and avoid splurging.
Check with your Advisor that your Retirement Corpus is on target.
Then, who knows you could well go ahead and enjoy the WORLD TOUR....hop onto that dream MERCEDES Car, buy that latest Apple Product, show off that ROLEX....