Droplet Wealth

Let us tell you something. It is not just the money that you invest helps you build the wealth nor the returns. It is the habit of savings that you make. Wealth created over the years can be destroyed faster than it is earned. What makes you wealthier & stay wealthy is; the rate of savings and the spending that you make. It may look hard-hitting but that’s the truth. One does not really need to have a sky scorching income to become wealthy, but should have the habit of higher savings and investing the same in appropriate asset classes that give better returns. Think before you spend –                More savings meaning lower spending. By slowing down your expenses your bank balance balloons up. Moreover, the savings varies between people, for someone a rupee of 1,000 saved will differ from another. Stick to your basics of spending. Rise in income leads to rise in expense –                Almost for everyone, including us. The expenditure goes up the way the i

          How would you feel If we were to tell you that  A piece of land that your Dad bought years back and sold off  immediately  ,  is worth 200 times its purchase price  today ? Instead of Buying RE classic 10 years back, had you bought the Stock of the Company, making REs it will be worth 100 Times now? Had you given is 1 Rupee 25 Years back, we would give you INR 200 today?           I am sure you would think like finding a machine like this! Wouldn't you?      or Get hold of a Watch like below ? Use these time machines, go back in time and do something and get rich now.  But in reality, these do not happen. What happens is, you get really unlucky! Yeah I mean it, Unlucky.  What happens is -                   Buy the land & forget that you bought itself.            Some friend suggests that you buy the share of the company rather than the bullet, You buy both and forget that you bought shares as well           You give me a rupee, forget that

               I had get caught being honest rather than being caught lying. So let me agree, Out of sheer boredom and being a new user of Swiggy, I decided to pass my time off with some Swiggy browsing. There came my sister's Kid - "Kae Karo mama" (What are you doing Mama). I told him, Ordering food for you dear. He asked what are you ordering for me? I asked what's your favorite? He said - Mini Idly. These Kids are so clear and spontaneous. Wow!. So from Swiggy browsing we jumped to Swiggy eating. We ordered, We ate. Story ends. I looked at the Price of the mini Idly.. INR 84.00. The Financial Planner started to work. If i were to feed the kid, the whole month, It will come to INR 2,500 approximately. As like all the times, We always think there is so much we can achieve in terms of wealth, If only we can have Time on our side. As elders, we may have to some extent lost this valuable resource but fortunately Our kids have it intact. Today, we

For those of you reading our blogs, you would realise that we have written about most of the forms of investments available for common man except one. For those of you not reading our blogs, but buying this thing for their Daughters/Wives/Mothers, it is a must read. Hmm Wonder what I am talking about, It should be easy guess when i told you daughters /Wives/ Mothers :P. Common guys! Its GOLD that we haven't spoken about but going to speak about!. The idea to write about Gold came about in last few weeks when we were doing financial planning for one of our clients. This gentleman was "Investing" as much as 20% of his savings  in to gold. Below conversation followed- Droplet - "Why are you buying gold for so much money? Do you wear them and roam around?". Client - "No, No Way! I don't wear Gold" Droplet - "Sorry, I meant to ask if the women in your household wear so much?" Client - "No they Don't?" Droplet -