Tuesday, October 20, 2015

Focus on Boosting your Income not just cutting expenses

Common man will remain common but also discontented only because he keeps on cribbing about rising prices.
Last month it was Onion which ruled his mind.
Since then it has come down from 100 to 30.
Likewise he used to pay in the high 70s for the petrol which has come down to below 65 levels.
And now it is the Tur Dal which is ruling his mind.
Next month, it will be the Diwali Crackers!!!!

Its in his veins to always keep finding fault and keep finding issues to crib about.

 Focus on Increasing Income too not just cutting your Expenses

I always keep telling my investors that
"there is a limit to how much you can save on expenses....
But there is NO LIMIT to how much you can EARN!

Yes, one has that feeling that Expenses is in OUR HANDS but income depends on variety of factors. Is it really? Yes, if you are salaried person, definitely income is the hands of your employer. But, still, you can do something extra to earn more isn’t it (like Working overtime, teaching, writing, you can put your whatever additional skill to earn that little extra which can take your income to higher pedestal...............who knows.........this could well become your MAIN income too).

Yes, Increasing Income takes time.......but once you are on the path, mark my words, you will be closer to your goal than you would have ever imagined.
If you triple your income 3 days in a row but keep your expenses the same, you can shorten the accumulation period to just 1 year because you'll earn 27 times your current income!
Just tripling your income for 3 days in a row means you are earning 27 times your currne tincome
And, the BIGGEST way to increase your income is to Stop putting that hard earned savings into Traditional instruments and look at Diversified Equity Funds.
What better way to earn Higher Income??!!!

Concentrate your energies and focus your expertise on Earnings.
That does not mean, be a spendthrift. Controlling expenses is the 1st step to getting your finances right. If you don’t know how to control your expense, you won’t be able to save.
Please note that I have used the word “Control” not “Cutting”.
Then, only then, you will become a Contented Man even while being a Common Man"!
Learn to Earn
Earn to Learn.
Keep on adding skills to your Portfolio.
Then you will keep on earning. 

"Be an eagle who soars above the clouds so the rain clouds don't deter him."

 Srikanth Matrubai

Also visit http:/http://goodinsuranceadvisor.blogspot.in/

Thursday, October 15, 2015

Do you really need a Own Car?

As you scale up Financially, you start adding latest gizmos too..The latest i-
phone, the latest laptop and obviously the next on your radar would be the 
BRAND NEW CAR (sometimes, even a High End Second Hand Car) 

Having your own Car obviously shows to the World that YOU HAVE ARRIVED!!  

But, have you truly???

 Is it worth buying a Car just to show off? 

Is it financially prudent decision?? 

Just like buying a Smartphone brings with it loads of accompanying recurring 
expenses like Data Plan, App Service Fees, etc and thus force you to do 
research before buying one.... 

Same goes towards buying a Car too... 

Buying a Car brings with it loads of recurring expenses like Regular Servicing, 
Annual Insurance, Parking, the Regular repairs and not to forget Depreciation 


True, there are hordes of Ads all over the place luring you... 

Low Rates, Longer Warranties, Higher Mileage, Promised Buyback, etc. 


So, before heading off to purchase your New Car consider the following: 

1. Do you have any load to clear off ? (Education, etc) 
2. Do you have a Secure Job? 

3. Do you have a BIG expense coming up (your marriage, perhaps?) 

4. How many times you will be taking out the Car.... (Are you buying the car to 
show off or do you really NEED it) 


And, last but not the least...... 

Do not forget this is the era of Door Services and hence just a click of a button, 
you have a chauffeur driver Cab (Uber/Ola) on your doorsteps to serve you at 
very nominal rates. 



For your information, a recent article in www.fastcoexist.com revealed that 
there was a almost 30% drop in the number of cars purchased by people aged 
18 to 34 in the US! 

Remember, CAR is ultimately a Tool to travel and not an Aspiration, especially 
for those who have just started earning. 

First earn your Millions and then think of a Personal Car. 

I personally do not own one. Many of my Advisor friends are shocked and ask 
me “What will your clients think about you” 
I reply “My client comes to me for my Knowledge not to look at my Means of 


And, moreover for me, REAL VACATION is not driving for many hours, hundreds 
of miles in my car with full of stress.....I would rather relax and enjoy the 
Shatbadi Train Journey or the good old Volvo A/c Bus without having to worry about navigating the Traffic!!! 


Also visit http:/http://goodinsuranceadvisor.blogspot.in/