## Thursday, April 26, 2018

### EK HAZAAR KA ZAMANA GAYA!!!!

Matrubai's Musings!!!

People tend to think small...
They should THINK BIG
Having a SIP of 1000 monthly is passÃ©

5000, 10000 is the basic minimum one should look at starting

Even someone who has just started to earn...should not have any difficulty in starting a sip of at least 3000 if not 5000

Suppose you have a sip of say 1000 for 3 years...
just look at increasing the amount to 2000 and for 2 more years...
You will understand the difference

Let’s see with an illustration......that will make it much more clear to you..

In 3 years, the Rs.1000 sip even at a good 15% returns, could go up to a max of Rs.44,000

But, if I do 2000 sip for 5 years (2 more years), the value could go up to Rs.1,74,000

Look at the HUGE HUGE jump

Straight up from 44000 to 1,74,000

Does that mean starting with 1000 sip is bad?
Where will the lower income person invest then?
No...not at all....
In fact, they are in much more dire need of growing rich
But, just go check the reality
If they have taken a loan, and suppose they are paying a Monthly interest of say 1000 and due to some circumstances, if they have to again take a loan....they somehow manage to increase the monthly payment of interest from 1000 to 2000 but if the same is required for Creating Wealth and
you tell them to increase the savings from 1000 to 2000,.......you get all sorts of excuses

Take the case of a Increase in Salary  or Rent received.....
I always say that you need to save at least 30% of your INCREASES in income be it salary, rent or even business income.....but how many actually do it??
If a person has started a sip 2 years back with 10000 ....very rarely you find him coming back and saying...my salary/rent/income has increased....let me increase my SIP input
No.....
But, for his non-essential expenses...he is ready to spend the increase
5000 Micromax to 8000 Lenovo to 12000 Redmi

year after year but SIP increase....no....
he will not!
Arre Baad me karenge.....(Let me do later......let me first ENJOY NOW....is the mentality)
Not understanding that TAKING IT EASY could well make life HARD later.

Its human tendency
its human mentality
Human Beings are attuned to Enjoy the PRESENT and do not want delayed gratification.

After all,
KAL KISNE DEKHA HAI...
Aaj enjoy kar

But, they dont know that it is this very small sacrifice that will help them in future

They all are big fans of Kishore kumar song

YAHAN KAL KYA HO
KISNE JANA.....

MAUT AANI HAI AAYEGA EK DIN
JAAN JANI HI JAYEGA EK DIN

Whenever any increase comes in income, the 1st thought is....where will i spend this??
On a new mobile, on a New Jewellery, on a New Trip but very rarely on
Where will I invest the EXTRA??
And thats why
RICH GET RICHER
POOR REMAIN POOR

We are all victims of the bane called “instant gratification”, a moment of impulsive decision making, often financial that leads to feel happy for a very short period.

It is only by creating a disciplined and consistent pattern of investing that we can expect for our money to multiply many fold.
The BIGGEST reason why you should increase is INFLATION.
Its a SILENT KILLER.

You cannot be a CROREPATI if you keep spending your income like a CROREPATI even before you become one!!

Becoming a CROREPATI is more about HOW MUCH YOU SAVE AND INVEST THAT MONEY than on how much you spend.
We all have heard stories of frugal habits of Multi-Millionaires like Warren Buffet, Azim Premji, Bill Gates.
You dont need to be stingy or starve yourself but you do need to INCREASE your investments like the way your Annual Income increases.

Like any other behavioral habit, if investing is not practiced well, the outcome may not be what we expect.

Saving money for the future is one of the great habits of wealthy people. The rich is getting richer because of the way they spend their money. They have successful habits of controlling their expenses in order to grow their wealth. ... If you want to achieve your financial goal the most important step is to save first.

We need to get into the WEALTHY mindset....
Only then we can become wealthy

You need to distinguish the difference between the two.
Investing for unseen future is definitely not a very attractive propotion but your OLD AGE will thank you for what you have done.

EK HAZAAR KA ZAMANA GAYA
Regards,
Srikanth Matrubai

Also visit http:/http://https://t.me/MutualFundWORLD/