Hello Investor,
A “Hello” Friend and A “Wise” Friend
A young professional just started his career, earned handsome amount of money and had decent standard of living. He got married and had children. He continued to provide great life standard to his family. Now the story starts…
Scenario 1. He met one of his “Hello” friend who was extremely fascinated by movie ‘Zindagi Na Milegi Dobara’. His priorities were Mobile / Bike / Car / Travel to exotic places, expensive gadgets etc. As per his “Hello” friend’s advice, he spent in life style expenses in short period and left with no Savings.
Scenario 2. He met his “Wise” friend who was fan of Bollywood movie but never let fictional movies decide his future and had proper list of priorities in place. As this “Wise” friend’s advice, he opted a Goal based Financial Planning Approach which is a boring process but sure enough to establish financial strength.
Now Real Story: Just think about those unfortunate thousands of Jet airways employees. They had fantastic Job with decent salaries. Many may have burden of EMIs. A nightmare, which they never have thought for.
We all have good intentions when it comes to saving money, right? In reality, you’ll only start saving money when you develop healthy money habits and your future needs become more important than your current wants.
“It’s good to have money and the things that money can buy, but it’s good too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy.” – George Lorimer
Goal Based Financial Planning is the first step towards becoming your “Wise” friend.