{"id":864,"date":"2010-05-05T19:14:19","date_gmt":"2010-05-05T13:44:19","guid":{"rendered":"https:\/\/www.moneyworks4me.com\/investmentshastra\/?p=864"},"modified":"2013-01-14T17:41:17","modified_gmt":"2013-01-14T12:11:17","slug":"is-your-money-working-for-%e2%80%9cyou%e2%80%9d","status":"publish","type":"post","link":"https:\/\/www.moneyworks4me.com\/investmentshastra\/is-your-money-working-for-%e2%80%9cyou%e2%80%9d\/","title":{"rendered":"Is your money working for \u201cYou\u201d?"},"content":{"rendered":"

One of my favourite questions when I meet people is this: Is your money working for \u201cYou\u201d?<\/p>\n

    \n
  1. \"\"The most frequent response I get is this: \u2018How can money work for me? I work for money, don\u2019t I?\u2019<\/li>\n
  2. The second kind of response I hear is: \u2018Yes, but it depends\u2026..\u2019 When I probe more and ask: \u2018Okay, it\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 depends on what?\u2019, they say: \u2018It depends on the share market, on the real estate market…\u2019<\/li>\n
  3. And there are a third kind who say: \u2018Yes, of course! I make my money work for me\u2019<\/li>\n
  4. And there is a fourth lot of people, who don\u2019t answer. When I insist that they answer, they say: \u2018I don\u2019t know!\u2019<\/li>\n<\/ol>\n

    Where are you in this?<\/strong> Are you a \u2018I work for money\u2019 guy? An \u201cIt depends\u2019 guy? An \u2018Of course\u2019 guy? Or, are you an \u2018I don\u2019t know\u2019 guy? I don\u2019t know about you, but when I was first asked this question by a dear friend, I gave a lazy answer: \u2018It depends\u2019 And my friend wouldn\u2019t let me get away with this lazy answer. He probed me on my \u2018It depends\u2019 story. He made me pull out my financial papers: my property documents, my Mutual Fund statements, my FDs, my ULIPs, my Bank Accounts. He put them all in a spreadsheet and guess what it revealed?<\/p>\n

    A fifth answer: My money was seemingly growing, but adjusted for inflation, it was shrinking. <\/strong><\/p>\n

    That was a shocker! The bigger shock was the realization that while my money is shrinking, a lot of others were making my money work for them!<\/strong> My savings A\/c moneys and FD\u2019s were working beautifully for my bank. My MFs were working well for my \u2018Relationship Manager\u2019 and his Bank. My ULIPs were working wonderfully for my Insurance Agent and Insurance Company. My stock investments were working amazingly for my broker but not for me, because of frequent trading, My home had appreciated well but the gains were notional as I have no other roof. Net net, my money was not working for me. But working wonderfully for others!<\/p>\n

    That got my goat. I kicked myself asking: \u2018What is the use of all my IIT education, my experience of working for the best MNCs, if I can\u2019t make my money work for me?\u2019 I plunged headlong, single-mindedly, to get an answer to just one question: \u2018How to make my money work for me, rather than for sundry others?\u2019\u00a0 My distilled wisdom after this deep search is this:<\/p>\n

    \"\"<\/p>\n

    That, is a lesson I am glad I learnt, though a little late. Better late than never! I learnt that the stock market need not be a gamble. I learnt Value Investing. If you are one like me, I don\u2019t want you to learn the lessons after another 20 years. Funnily enough, all the lessons we need to know, the Shastras, are all there. We at MoneyWorks4me.com are glad to share these timeless rules, these Shastras, every week, with you.<\/p>\n

    Sign up<\/a> to receive the Stock Shastra Newsletter, every week. Absolutely free!<\/strong> It will have<\/p>\n

      \n
    1. Stock Shastra<\/strong>: a timeless truth<\/li>\n
    2. Company Shastra<\/strong>, our distilled wisdom on one company.<\/li>\n<\/ol>\n

      Benefit from it. Learn how to make your money work for You.<\/p>\n

      Warm Regards,<\/em><\/strong><\/p>\n

      Raymond Moses
      \n(Co-Founder \u2013 MoneyWorks4me.com)<\/em><\/strong><\/p>\n

      Sign up now.<\/p>\n

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      One of my favourite questions when I meet people is this: Is your money working for \u201cYou\u201d? The most frequent response I get is this: \u2018How can money work for me? I work for money, don\u2019t I?\u2019 The second kind of response I hear is: \u2018Yes, but it depends\u2026..\u2019 When I probe more and ask: […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[825],"tags":[126],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/864"}],"collection":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/comments?post=864"}],"version-history":[{"count":0,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/864\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media?parent=864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/categories?post=864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/tags?post=864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}