THE WET FLOOR
My friend after a long day in office comes home tired.
As soon the door opens, his wife blurts out
"Come quickly. The Kitchen floor
is wet"
Tired husband, signing rushes in to see the scene in the
kitchen.
Water everywhere.
Husband helps the wife and both grabbed mops, towels,
buckets and after 1 hour the floor was finally dry.
The husband already tired after a long day is now even more tired, has a quick
light dinner and goes to a well-deserved sleep.
THE NEXT DAY:
Next evening the husband comes home and is in a cheerful
mood today.
when he knocks the door, his wife with the same frowning face opens the door
and says “Its wet again today!”
The cheer vanishes in micro second.
Cursing inside, the husband helps wife mop the wet kitchen floor and after 1
hour the floor is dry again.
This time the husband checks the tap, sink. Finds nothing but still secures the
tap tightly and goes to bed.
THE 3RD DAY:
As the husband comes home, he hesitantly knocks the door,
praying the kitchen is not wet today.
The wife opens the door.
And his fear comes true.
“The kitchen is wet today too”
The husband loses his cool this time but keeps his anger locked inside.
Seething with anger, he mops the kitchen floor and once again checks the tap,
sink and the pipes.
He finds nothing amiss.
Now he is really worried.
He tells his wife :
"We have become experts at mopping. But we are no
closer to the answer."
“Tomorrow I will find the cause and get to the root of
the problem”
The Search :
The next day he came home early. And as he expected, the
kitchen floor is wet.
But, this time the husband is more interested in find the
root of the cause. After mopping the kitchen floor dry, he pulls out the
cabinet under the sink.
Moves the containers, removes the Wooden Plank and shines a
torch into the dark.
THERE IT WAS!
THE ENEMY!
A TINY CRACK IN A PIPE.
Just a minute crack and minute leak, almost invisible to the naked eye.
A few drops every 5 minutes and falling very silently.
The husband realises that this silent slow leak is what creating the puddles
and causing the kitchen to be wet by evening every day.
THE
SOLUTION:
Next day the husband comes home 1 hour early and with him is
a plumber.
The plumber checks the tap, sink, pipes and finds that minute leakage point.
The Plumber puts the Sealant to stop the leakage and also tightens
the pipe taking a grand 10 minutes of time.
Done! No more wet floor!
No more mopping!
The Sources of the problem (leakage) is fixed!!
YOUR MONEY PUDDLE
Majority of investors ignore
the small leakages and then lose the route to Riches.
Small mistakes keep happening in front of our eyes, but majority brush aside
the same and carry on mopping the leakage.
1.
The credit card bill is not fully paid. You
ignore the same. The penalty charges and interest shoot up. YOU MOP AND MOVE
ON.
2.
The market falls, you listen to Finfluencer on
insta and redeem. YOU MOP AND MOVE ON.
3.
Children’s College is just 2 years away. You bet
markets will go up and invest fully in equity and risk the capital itself. And
to arrange for fees, you BORROW and get into Debt. YOU MOP AND MOVE ON.
4.
The retirement is looking nearer. You never
really planned properly for it. You overcompensate, gamble and bet on risky
assets. YOU MOP AND MOVE ON.
5.
You are very healthy now. You say “What will
happen to me”?. You ignore Health Insurance. Hospital Bill arrives. You sell
your Blue Chips and clear the bill. YOU MOP AND MOVE ON.
6.
Your friend doubles money in a scheme run by
neighbourhood uncle. You invest and lose capital. You shrug and crib. YOU MOP
AND MOVE ON.
Throughout you keep MOPPING and then
1 day you ask God
"Why do money problems keep coming back?"
The answer, my friend, is not the Puddle, but the LEAK.
Your Financial Planning has its own leakage causes. Identify the same and course
correct.
No Emergency Fund
No Asset Allocation
No Insurance
No Yearly Review
Those tiny cracks happen in most financial lives due to ignoring
basics of Good Financial Planning.
Small leaks ignored for years can turn your financial life into a mess.
Reach for the torch and get a good Plumber.
A good Advisor/Mentor/Guide (AMG) and fix the source of leakage for a stress
free financial life.
Financial Freedom is never ever built by solving 1 crisis after another. Else
you end up spending mopping financial leaks throughout.
Stop Struggling, Start Compounding.
Wishing you Super Financial Success.
— Srikanth Matrubai
AMFI Registered Mutual Fund Distributor | ARN-51423
#DontRetireRich
Disclaimer: Mutual Fund investments are subject to market risk. Read all
scheme related documents carefully before investing.
All the best,
Regards,
Srikanth Matrubai
https://t.me/joinchat/AAAAAELl4KUnaJzi-JJlDg/
