DONT RETIRE RICH at Rotary Mysore

Have been doing a lot of seminars, and talks to MFDs across various forums and across cities

But when it comes to actual investors, the spring in my steps is something unbelievable

I love talking to them, educating them, and interacting with them

I was invited by the ROTARY CLUB of Mysore and I was asked what title to give to the session 

I said "DONT RETIRE RICH"

They were shocked and were apprehensive 

The audience too later told me that they were expecting some kind of a gyaan session on why you should not have more money, why you should donate and why you should not retire rich!!!

But just 2 mins into the session...they understood that they were in for something which will change their whole idea of money and richness

MY SHARING IN SHORT : 

I started by making them aware of the difference between being Rich and being FINANCIALLY SECURE

My readers of this blog already know what I am talking about 

I always keep telling my investors that

"there is a limit to how much you can save on expenses....

But there is NO LIMIT to how much you can EARN!

Having a good income is not enough. 

Making sure the income is spent on NEEDS and not WANTS will ensure that you are able to SAVE

Making sure you INVEST the saved amount in Equities is what will ensure that you just  DONT RETIRE RICH but actually retire WEALTHY !!

WEALTH OF WISDOM

What prevents us from becoming Rich or Wealthy is Inflation (+ Taxes)

We need our money to grow faster than Inflation & Taxes so that we do not end up becoming poorer than last year. 

Take help of an #AMG

(AMG is Advisor/Mentor/Guide) 

#DontRetireRich #WealthyHabits #WealthOfWisdom

Thankfully, you being my regular readers get all this here sitting at your desk.

Debt market is attractive ONLY in the short run: 

If you think SBI bonds at 6% p.a. is attractive, remember money should grow in REAL terms, not just NOMINAL terms.

 Nominal returns in SBI is 6%, but inflation is say 7% – 

in such a case YOUR money is not growing in real terms. It is SHRINKING….

#DontRetireRich

WEALTH WISDOM

Just like WHERE you have invested matters a lot, what equally paramount is HOW LONG YOU STAYED INVESTED

There have been innumerable examples where Funds have given returns but Investors have not made as much returns as the fund only because they tried to TIME the entry/exit and lost the Compounding benefit

#DontRetireRich #WealthOfWisdom

PPF has given an average of around 9%
ELSS has given an average of around 14% to 16%

Those who say PPF is debt and dont compare. I always reply LOOK AT THE TIME HORIZON. 

Investing money for such long period of 15 years plus MUST go to Inflation beating assets and definitly not Debt products

#DontRetireRich

#WealthOfWisdom

Do follow the ideas, tips given but make sure you do take the help of an AMG 

(AMG is Advisor/Mentor/Guide) 

Regards 

Srikanth Matrubai

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/ 

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