Money Plant - A Delusion or Reality?

Hello readers 

  

Hope you all are fine. 

Do not save what is left after spending, but spend what is left after saving.
– Warren Buffett

The millennium is moving on, and we have walked twenty years in time after the famous Y2K. So what has changed in your life since then?

Well the obvious answers are, we moved out of colleges chose our carriers, realised a lot! oh my God! A lot of things which we thought were so rosy are just clouds and clouds of delusion.

We lost a few friends, understood a few of them who tried to help us in that part of our passage.

Some more things which changed for us, back at home people changed their perceptions towards us.

Now from a pampered kid, to a college kid to a young man or women, people at home are expecting more from you than you imagined before.

Well, the ground reality, specifically on the expectation part, Miss Sudha Murthy says in one of her books: whatever you become in life at the end of the day, is a just like a happy chat with your loved ones sipping a glass of coffee! And share that joke. That’s so true.

There is something new in your life since you became a career employee, that is money! Let us discuss.

In this blog:

· Do you need a financial plan?

· Is there something called financial independence?

There is a premise for this blog, even though when we blog it is for the worldwide web, I feel this will be more relevant to a country like India, for the simple fact that I am not sure on the earning capacities and employment realities and earning capacity of other countries.

How many times have you felt in the last six months that you had to save money, or “oh I could have bought this if I had worked on my savings”?

Have you been thinking and sometimes whining about when can I buy things or help people without thinking the monetary aspect of it?

These are the questions which are flashed in a bonanza ad queue on your Tv sets smartphones ETC, by the investment tycoons who want you to invest in their funds and securities.

Financial literacy is the word which is creating snow storms in the minds of people these days.

When a person starts earning, he experiences a few basic reactions or emotions initially, that is happiness, excitement, motivation, and also disappointments.

But unfortunately, the awareness and the zeal or higher thinking towards earning and saving has diminished, it’s only earned and spent.

What is the right thing to do? Even though earn and spend is fun, and I too have enjoyed it but save should a branch of your money plant.

We undertake courses in management, lessons in commerce, industrial engineering the list are endless, did they teach you how to run your life, even though I can’t say ultimately no. Still, there is a point where a course can’t take you forward, it is you who should understand life where bookish knowledge ended and begin!

 Financial planning

Explore the markets of your country, look at what best works for you, do your own analysis, talk to people your peers, colleagues who are already saving, I am sure some smart people around you are looking for an opportunity to open up on this.

Brooding about not saving and just borrowing loans is an endless dead pool, the banking bulldozers are just waiting for you to push your credit risk to the edge.

Mindless spending of money has to become the trend of this generation which is not wise, and feel is not future proof it is like, you are aware the fuel in the car not enough to reach your destination still you don’t stop fill.

Becoming a materialistic individual owning things which you might not use is also a cause for your cash crunch.

 I have written atleast more than ten blogs about materialism,

 ·        https://harishmurthy.blogspot.com/2014/01/the-power-of-money.html

·        https://harishmurthy.blogspot.com/2014/01/blog-post.html

The above two were my initial  two blogs which kick-started my blogging journey, and still the materialism fire is put this world in limbo.

Financial independence

Of course, some people are financially independent, take Rakesh Jhunjhunwala he is the most brilliant fund planner and investor I have seen, Warren buffet is another one.

Did they do it in one day? No, but they did a day on day.

Whatever may be the situation in your life, saving should be in your top 3 priorities this is the prescription of the famous financial planners in the world.

The money plant is not a delusion, if you the Gardner of that plant takes good and calculated steps and cultivate it, you will get the fruits of your gardening skills in the form of returns to your investments.

Courtesy google images

Walk in the direction where you see only a few people take that road because the other path which you see is what everyone else has made as they know where it leads to!

-Anonymous

Thanks a lot for your time today. Please share and comment, keep reading, keep rocking!

Helios