Droplet Wealth

 In our last blog , we spoke about the secret to investing success, i.e.,  Fixing a goalpost and making sure it does not move. Staying with the topic, let’s try to slay the next hurdle — the one that inevitably makes the goalpost move. Imagine having a goal and then having infinite time to achieve it. Of course, we all know that a goal without a deadline is just a dream. By now, going by the title and the hints above, one would have guessed that the next hurdle we are indicating is nothing but time. Let me re-quote what we wrote as Droplet's goalpost in the last blog:                            “Along with one crore, equal attention needs to be paid to the ‘time’ we prescribe to achieve it. Achieving one crore is a wonderful and reachable goalpost, but all the wonder is lost if we do not achieve it ‘in time.’” The reason is that we can only plan for a limited period (say 6–8 years), and to a large extent...

     At the outset, Wish you all a happy and prosperous New Year 2026. Just as our New Year greeting card, May this year be like a Well-Planned SIP - Small Consistent Efforts, Big Future Rewards      Rewards are but the fruits of success and success is what seems elusive to most of us, especially when it comes to our investments or financial life. As we step in to new year, we think its good to talk about things err "the thing" that will guarantee investment success.      Without much ado, let us blurt out the secret - "The Goal Post" and here's a wonderful quote by Ian Cassel in "Psychology of Money" on goalposts       Oh well, we might just have jumped the line here by directly talking about " getting the goalpost to stop moving " while most of us have challenge in setting the "right" goalpost, blame it on social media induced  avalanche of spontaneous acts of spending that hardly leaves anything on the ta...