Co-relation of Health and Wealth!

  1. Start early. Be it be health or wealth start early. It does not matter whether you run a full marathon or talk a small walk around the park. Starting early only matters. Likewise, start saving right away, Even Rs 500 is Okay.
  2. Avoid excessive calories & fat for a peaceful healthy life. Likewise, avoid debt.
  3. Understand the importance of compounding in life. Have a long-term mind set.
  4. Be consistent in whatever you do. Let it be gyming, Saving or investing. Only then you will achieve your desired results.
  5. Everything in life would take time. You have to believe in the process. Six packs do not appear in a month and neither does wealth. Continue the process and it would happen for sure.
  6. Have a plan in place and measure the progress at regular intervals. So you will understand where you are and what needs to be done to reach the destination on time.
  7. Understand the significance of diversification. You don't eat the same food for all the three times. Similarly, don't put all your money in one place throughout your life.
  8. Understand the risk. Risk comes from not knowing what you are doing. Seek help from someone who could guide you and make you physically/financially fit.
  9. Don't eat Junk food. It will take its toll on your health gradually even if it satisfies your taste bud instantly. It's the same with loans. Getting something on a loan will satisfy your immediate need but destroy your financial health. 
  10. You don't have to be smart than the others. You have to be disciplined in whatever you do (Health & Wealth). Knowledge is 20% and behavior is 80%. Everyone knew regular exercise will keep them healthy, but only few do. Saving & Investing keeps you financially healthy, but hardly anyone does.
  11. Prevention is better than cure. Make sure you avoid unhealthy habits in the 1st place rather than thinking about treating your illness at a later point. Similarly AVOID guaranteed 25%+ returns scheme, capital protection is more important than the returns. 
Finance and life are the same. It's all simple. We just complicate it.  Have a happy week ahead.


Comments

Popular posts from this blog

Why Investing is Easy - Chapter#1

The Small Cap Mania!

Interim Budget - 2024