Imagine that you’re in college, studying to become a lawyer, and imagine your pleasure the day your degree arrives. It is the same with financial goals, where we plan for something tangible or intangible, and we feel a real sense of achievement the day it gets fulfilled.
Ankit Jain (name changed) was staying in a 1BHK house along with his two sisters, grandparents and parents. Throughout his education, he faced difficulty in studying because there were too many people in the house and he had to study among all the noise. After completing his studies he started working in an investment company and with his first paycheque, he began investing in mutual funds with the sole goal of buying a bigger house.
In between, there were many times that Ankit saw his colleagues buying cars, or going on international vacations. This tempted him but that’s when he realised that if he wants to buy a house in a city like Mumbai all these are distractions that he needs to postpone for a future date.
If the goal is clear and investments are going in that direction, you will definitely make it with time to spare despite all the turbulence. It’s like when we are flying to Delhi via an aeroplane, we might face turbulence onboard but do we tell the captain to land immediately? No, we wait for it to pass and we land only at Delhi unless there’s a major engine issue.
Once we are clear about the goal, it becomes very easy to direct proper funds toward achieving them.
I am the co-founder of The Money Managers. With an experience of 15 years; I have been coaching families and helping them take charge of their investments. Very passionate about spreading financial literacy and have conducted more than 50 personal finance sessions to help individuals get financially independent.
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