DON'T RETIRE RICH

Sunday, 27 November 2022

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/ 

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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