Wednesday, October 12, 2016

Take charge of Your Financial Future

I wish I had learnt more about the power of compounding – I am paying the price for not learning about compounding. this meant I have less money
I did not BOTHER to learn the difference between Savings and Investments so I just saved did not invest
I did not BOTHER to learn that Income funds helps one to defer tax by a huge time and that would be smarter
I did not BOTHER to learn about medical insurance so ended up footing the whole bill myself
I did not BOTHER to tell my ……..that I will help them only for essentials NOT FOR extravagant functions/festivals
I did not BOTHER telling my relatives about medical insurance – so I   had to bear their medical expenses/emergencies
I did not BOTHER to find out that LIC policies were good for the agent and not for me
I did not BOTHER to find out what my broker was doing so I actually do not know whether he cheated me or it was my GREED
I did not BOTHER to sit and calculate and tell my wife how much we need for our other GOALS – so we bought a big house
I did not BOTHER to tell my wife and children what kinda wedding / education we could afford
IT HURT MY EGO to tell my daughter that I could not pay her fees for studying abroad
Till I saw your blog (which was when I turned 43) I did not know that my PF was not ENOUGH for retirement
Simple message: Take responsibility. Take charge of your money. Take charge of your money life. Get a Good Advisor

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