DON'T RETIRE RICH

Thursday, 17 March 2022

HOLY WEALTH LESSONS FROM HOLI !!

Namaste & Greetings,

Just like we clean our home during Diwali, we purify our home during Holi by the HOLIKA DAHAN.

Surprisingly, the Diwali festival comes right in the MIDDLE of our Financial Year and the Holi Festival comes at the fag end of the Financial Year reminding us at 2 crucial times during the year to implement the lessons from these festivals.

Purifying our portfolio by revisiting our risk profile, asset allocation and investments will help us evaluate where we stand and take corrective action if required.

 

 

 

WIN OF GOOD OVER EVIL

 

Just as HOLIKA could not harm, and the fire was not able to burn Bhakt Prahalad,

similarly, inflation and taxation cannot harm an investor who does regular investment (like a SIP) and most importantly, STAYS INVESTED during market downtrends.

 

Do not get swayed by the influence of Free tips on social media and get burned. Do not try to time the market and most importantly, do not procrastinate.

Follow strict asset allocation and make sure you are ready with a HUGE CORPUS to face the evil period of

NO INCOME AND ONLY EXPENSES (post-retirement)

Remember,

After retirement, our investments need to serve 2 very different purposes:

1) provide a stable monthly income and

2) ensure that the principal keeps growing faster than inflation so that as time passes and prices keep rising, higher monthly income can be provided.

Inculcate Wealthy Habits and
with Wisdom of Wealth, come out of the burden of debt,
diversify,
invest in Inflation Beating assets,
accumulate a good corpus and
have a golden time during your golden years.

 

 

 

MULTIPLE COLOURS  :

Holi is much more exciting and enjoyable when we have more than 1 colour.

Similarly, upscale from middle class to Rich and then onto becoming Wealthy, an investor needs to have multiple streams of Income.

Besides Salary, it would be prudent to have income in form of Dividends, Interest, Rent, Capital Gains, all of which can be had from investing in Mutual Funds.

 

Even in Investments too, you are always better off by Diversifying and having multiple asset class exposure to help you reap dual benefits of protection from volatility and a happier investing experience.

Hence, having investments in Equities, Debt, International Markets, Real Estate, Gold, Silver, Fixed Income like Annuities & even Crypto is essential.

 

 

 

 

AVOID ACCIDENTS, PLAY SAFE HOLI :

During the festive zeal and overenthusiasm, there could be scope for accidents that can be avoided with adequate protection.

Don’t use colour made from chemicals and preferably use Organic Colours.



Likewise, have adequate Protection in form of Life Insurance, Health Insurance and use Regulated Products and avoid Unregulated Ones

Insurance protects us from unseen events. Losing life/income could result in a complete stop to finances to the family. Insurance will ensure that at least the finance part is taken care of and hence is an absolutely paramount and primary requirement of a strong Portfolio.

 

ENJOY THE SWEETNESS :

The amazing PURAN POLI & THANDAI bring completeness to the festival of Holi.

The preparation of both PURAN POLI & thandai is not instant and takes its own sweet time.

Similarly, for us to enjoy the Compounding magic and get true big Wealth, we need to WAIT and allow the compounding magic to work so that we can reap the sweetness of our investments.

 

 

 

 

 

ADD COLOURS TO YOUR PORTFOLIO :

 

The colour GREEN is truly EVERGREEN and is liked by everyone.

GREEN in a portfolio is indicated by Regular Income via FDs, Liquid funds, Annuities, Bonds, etc. The colour GREEN helps us in giving adequate liquidity at all point of time.

 

RED to beat the Inflation Devil and best way for this is EQUITIES.

 

YELLOW: Stability. Asset class like GOLD and Arbitrage gives a STABLE look to your portfolio

 

PURPLE: Luxury. Owning a Bungalow is symbol of Luxury

 

PINK :

Pink is the GAINS we make in our portfolio. This could be from any asset class and PINK is truly a colour which stands out.

 

Selecting the CORRECT COLOUR adds beauty to life.

Selecting the CORRECT FUND adds Wealth to Portfolio.

Take the help of your investment expert & get the Right Colour combination to have a Colourful Life!!

Happy Holi

Srikanth Matrubai,

Author, DON’T RETIRE RICH.

 




All the best,
Regards,
Srikanth Matrubai
MUTUAL FUND DISTRIBUTOR
REBALANCE VOLATILITY CERTIFIED COACH
Srikanth Matrubai, Author of the Amazon Best Seller DON'T RETIRE RICH


You are strongly encouraged to consult your financial planner before making any decision regarding this investment. The views expressed here are the author's personal views and should not be interpreted as a recommendation to invest/avoid.

 
Srikanth Matrubai Author of the Amazon Best Seller DON'T RETIRE RICH

Do read the book and give your valuable feedback and request you to post positive comments on Amazon. https://amzn.to/3cHUM6M/ 

You can purchase the book on Amazon and Flipkart 

For the best of ideas on where to invest to create Mountains of Wealth 
join my TELEGRAM channel
WEALTH ARCHITECT
    https://t.me/joinchat/AAAAAELl4KUnaJzi-JJlDg/

Monday, 7 March 2022

AMAZING TIPS FOR WOMEN TO BECOME FINANCIALLY FREE

The women of 21st century is equal to men in every aspect and therefore should plan their financial portfolio to have an independent and stable life

Gone are the days, when only asset, where women used to invest was gold




Every woman should invest in diversified options for her financial fitness and independence. There are various options for women to invest her money like equities, liquid funds, gold bonds, insurance covers, real estate, if possible

1. 
Buy Less Gold Jewellery and rather look at alternate Gold Options. 
If you are buying Gold Jewellery returns, then the bad news for you is that gold jewellery does not provide recurring returns or interest income, in fact it is never sold at a prevailing gold rate, due to additional making charges.
If you like investing in gold, you should go for Sovereign Gold Bonds, Gold ETFs and E-gold as they provide regular interest income, safety and have no making charges unlike jewellery.

BEST way to invest in Gold is via the Sovereign Gold Bonds. 
SGB is a tax-free, risk-free method of buying and accumulating Gold.
In fact, besides the appreciation (whatever) from Gold, you get an additional incentive of 2.5% interest on the Initial Invested Amount.


2. 
Restrict your urge to shop 
Women are often tagged as shopaholics.
Going overboard with your shopping spree with readily available plastic money or EMI options can diverge you from being a prudent spender to an extravagant spender. It does not mean that you kill your passion for shopping, but it is essential to draw a line between need and greed for shopping. Of course, one should indulge in the things which give you happiness (shopping could be one of those). But it is also essential to manage your finances ideally and try to channelize them in a productive saving vehicle



3. Don’t rely solely on your partner for financial actions

 Women cook healthy meals, look after the well-being of our family, but they miss out on being financially healthy. This is where a woman has to take charge and be more involved in money matters.

All in all, it is not just essential but imperative for a woman to be as ‘aware’ about the essence of financial investments and hence making the right financial decisions!

When finances are concerned, they aren’t as confident and knowledgeable about financial matters as men. This problem persists even as women handle many of their families’ routine money management duties, like paying bills and making many purchasing decisions. Thus, it is important to be financially literate and take an active part in your own and your family’s financial decisions.
You and your spouse make a TEAM and thus your participation is vital and inevitable.


4. Diversify your portfolio:

Diversification of investment portfolio is always recommended by experts. It helps in risk division and get effective returns. This women's day invest in various options like equities, mutual funds, gold bonds, Fixed deposits, PPF savings, insurance plans etc.

A women does not like saving too much, she loves having cash and buying things herself. But for being an independent and financially rich, she should invest in various options like equity, fixed deposits, PPF, insurance covers, real estate etc


Financial control is the biggest tool in your hand. Use it, and use it well.

5. Instill Financial Displine in your Children too:
Since women tend to more closely connected with kids, it’s much easier for them to instil the seeds of financial discipline in their children.
Make them aware of the steps involved in operating bank accounts, the pitfalls of wrong investing, etc.
Teach them the importance of Financial Goals and the advantages of starting early.



 5. HAVE ADEQUATE LIFE INSURANCE : 


Have adequate insuarance for not just your spouse but yourself too. 

Majority of woman are these days earning by themselves. Insuring their lives ensures financial support towards her family in her absence. 

And most importantly make sure that your life partner when he takes life insurance, he takes it under MARRIED WOMAN'S PROPERTY Act (MWP) 


Let me explain MWP Act in short. 

When a death of life insured happens, the proceeds from Life Insurance claims firstly goes towards any pending loans to be paid off before anything else. 

But under MWP, the entire WILL GO ONLY TO THE NOMINEE and thus MWP is of paramount importance. 


You can find more about MWP in this blog 

 

FINALLY,
Women need to remember that it’s a matter of fact, that Women tend to LIVE LONGER than men and at some point, of time, they HAVE to manage finances on their own.
So, the earlier they learn to handle the better.

“Don’t give away your earnings to men in the family for investing on your behalf.
Identify your short term, medium-term, long-term goals and align your investments towards the same.
Better to take an help of Expert.

 

AND DEAR MENFOLK,
If you truly respect Women's Day and respect her, love her

then ensure that she enjoys every day in her life and not just today.

Gift her a SIP.

 

Without HER, even HERO is 0.

 

 All the best,

Regards,
Srikanth Matrubai
MUTUAL FUND DISTRIBUTOR
REBALANCE VOLATILITY CERTIFIED COACH
Srikanth Matrubai, Author of the Amazon Best Seller DON'T RETIRE RICH


You are strongly encouraged to consult your financial planner before making any decision regarding this investment. The views expressed here are the author's personal views and should not be interpreted as a recommendation to invest/avoid.

 
Srikanth Matrubai Author of the Amazon Best Seller DON'T RETIRE RICH

Do read the book and give your valuable feedback and request you to post positive comments on Amazon. https://amzn.to/3cHUM6M/ 

You can purchase the book on Amazon and Flipkart 

For the best of ideas on where to invest to create Mountains of Wealth 
join my TELEGRAM channel
WEALTH ARCHITECT
    https://t.me/joinchat/AAAAAELl4KUnaJzi-JJlDg/

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DONT RETIRE RICH at Rotary Mysore

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