Think of your deepest, most improbable desire. In your heart of hearts, what is it that you want to have in life? Is it a beautiful bungalow in a posh locality? Is it that flashy car you saw in the latest movie? Or is it to retire at 40 and follow your passion?<\/p>\n
In fancy lingo, these are called BHAGs<\/span><\/span><\/a> \u2013 Big Hairy Audacious Goals. These goals are often your heart\u2019s wishes, but get consigned by your brain to the \u2018improbable\u2019 bucket, forever to be ignored. And without one eye on these BHAGs, you end up with a mid-sized flat in a somewhat good locality, a half-decent car, your kids in an average school and perennially compromising your dreams in favour of a running cash flow<\/span><\/span><\/a>.<\/p>\n But what, if I tell you that you don\u2019t need to live like this? That the key to unlock your goals is sheer common-sense?<\/p>\n “I will tell you how to become rich. <\/span>Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”<\/em>\u00a0 – Warren Buffett<\/span><\/strong><\/p>\n Investment is actually a concept with wonderful implication. Have you ever heard of the Power of Compounding<\/span><\/span><\/a>? Knowing (and mastering) this simple concept can help you achieve your dreams and goals. Unfortunately, somewhere down the line, the word \u2018investing\u2019 started being correlated with \u2018boring\u2019 and \u2018complicated\u2019. But when you keep the ultimate objective of investing in mind, you will realise that it is actually exciting and very simple. Here\u2019s a quick factsheet about investing.<\/p>\n This question about investing perhaps deserves a section by itself.<\/span><\/p>\n The literature available on investing on the internet can be quite overwhelming. At first, it is very important to find a trusted advisor who can help you arrive at the answers to all the investment related queries you are having. The advisor must be financially savvy enough to take you through all the options available, the risks involved and the returns that you can expect.<\/span><\/p>\n Once you have found a few investment avenues suitable to you; start small. Invest 10-20% of your monthly earnings in these avenues. All kinds of tracking tools are available, but you can use the humble Excel sheet to maintain your records. If you often notice that you run out of money in the last week of the month, use that weekend to update and take stock of your investments. If you are dis-satisfied, do a little research on how you can revise your investment strategy. If you are satisfied, then sit back and bask in the knowledge that you are fast approaching your improbable BHAGs!<\/span><\/p>\n Always remember, \u2018don\u2019t save what\u2019s left after spending, spend what is left after saving\u2019. Keep your life-goals on the fore-front and you will realise how engaging and exciting investing can be!<\/span><\/p>\n To check out a wonderful short-film about investing, watch this video<\/span><\/span><\/a>:<\/span><\/p>\nInvestments: The Key to Your Financial Goals!<\/span><\/h3>\n
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How Do I Start?<\/span><\/h3>\n