Happy New Year 2024

                 Happy New Year! This is the 7th New Year for Droplet Wealth and each year, we share the rules of personal finance but this year we wanted it to be a bit different. So we will tell you a real story about how one gentlemen turned 29 Crores into 5000 Crores and the financial lessons we can learn from it.

The Story - 

The Gentleman we are talking about was a Managing Director in a Luggage brand company and the bosses at the company moved on, gave the control to the second generation. The second generation was not keen to work with our MD. Our MD realized this soon and resigned from the company, purchased a 56% stake in its competitor for 29 Crores. Mind you, He had that much money to invest! Now he was his own boss and working in his own company, though his company had limited market share and was much smaller than his previous company. The slog went on for 12 years and today, his company has overtaken the company where is worked as MD and is valued at 10,000 Crore. Remember, he bought 56% stake that translates to ~5000 Crores! It took time but 29 Crores to 5000 Crores is worth it I am sure. 

What are the 3 simple lessson we can learn from Our Ex MD -

Be Prepared - When things were not going his way, he was prepared to quit and re-start. An Emergency Fund always helps us to take care of things when they dont go our way. 

Have a Corpus - We all get oppurtunities but unlike our Ex MD, we do not all have a big corpus to use those rare oppurtunities. The Big Corpus in MD's case was 29 Crores. We all cannot create such a big Corpus but I am sure for most of us, 1 Crore is a big enough and not an unachievable corpus. So always plan to create a sizeable corpus as per your financial situation.

Think Longterm - We all want returns quickly from our investments. But learn to let your Money slog. Mind you our Ex MD slogged for 12 years. So always Invest your money for long term

                Let us wind up with it. We wish you all very happy and prosperous New Year once more. A New Year in which you will be prepared to create a sizeable corpus by letting your money slog for long term. 


For any financial Planning queries, Please contact Droplet Wealth at invest@dropletwealth.com.

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