Happy Mentor

This is a hot topic, “Why rich become richer?” In fact, some perceive that rich becoming richer by adopting wrong means. While we don’t want to get into a debate on this topic, we have our own perceptions based on solid logic.

We have observed the following characteristics in rich people which, according to us, are the reasons for their increasing prosperity:

1. They are focused.
2. They are passionate about what they are doing.
3. They think wealth, which attracts more wealth.
4. They use the right language, which is registered in their subconscious mind.
5. They are learners for life-time.
6. They are willing to learn from anyone.
7. They don’t give up.
8. They manage their stress well.
9. They take care of their health.
10. They seek guidance from their mentors.

Our submission to everyone is to think on the lines of implementing the above vital points rather than frittering away their energy in any kind of negative thinking.

We think so. If you think, money cannot buy happiness, you are shopping in wrong places!! Most importantly poverty cannot buy happiness. Between poverty & wealth, wealth is definitely better.

With money, we can help many. To quote my mentor, "If you are a good individual, you have a moral responsibility to be successful and wealthy. Money in right hands is good for the society." A good and wealthy individual can start an educational institution thereby educating thousands of children or a factory giving jobs to many people. The list of such good causes is endless and the satisfaction you derive is truly priceless!

The great Thiruvalluvar, the author of Thiukkural, says, "Fortune in the hands of unlearned is more dangerous than poverty of wise men."

“நல்லார்கண் பட்ட வறுமையின் இன்னாதே

கல்லார்கண் பட்ட திரு”

Never have a doubt on the positive correlation between money and happiness. So we look forward to your increasing prosperity and helping our planet with right applications!!

‘TRUE RICH’ is the success and rich you achieve with a lot of harmony and without sacrificing your health, happiness, family and integrity. Some people also call this ‘Work-Life Balance’.

In our opinion, you need to balance all the following six vital aspects of your life: Personal Finance, Self- Development, Healthy Body, Healthy Mind/Spirit, Healthy Relationship and Unconditional Happiness. To quote a spiritually aligned great man, "It is not enough to be a one-role wonder but one needs to be a many-role wonder.”

People ask the question “Is perfect harmony is possible?” The answer is obvious; Perfect harmony may not be possible but we should strive towards it. One needs to keep working on this harmony lifelong with joy. The rewards are disproportionately higher as compared to the efforts one puts in.  

So our submission is that one should not strive for ‘success at any cost’ but a harmony that will give a balanced success.  You may also refer Life Harmony for more details.

We feel we need to give double emphasis to the Power of Compounding, Albert Einstein called this as the greatest wonder of the world. We can give several examples to illustrate the power of compounding. Let us see one of those:

A’ starts investing Rs 50,000 per year at the age of 25. ‘B’ starts investing the same amount every year at the age of 30 When they attain the age of 55, A’s corpus is Rs 61 lakhs while B’s corpus is Rs 40 lakhs @ 8% return pa. The difference of Rs 2.5 lakhs in the amount invested made a difference of Rs 21 lakhs to their wealth. 

One of the best stories that illustrate the power of compounding is the Chess & Grain story:

Chess was invented by Grand Vizier Sissa and then he gave it to King in India. The king offered anything in return; Vizier said that he would be happy merely to have some wheat: one grain for the first square of the chessboard, two grains for the second square, four for the third, and so on. The king was amused by the ‘small thinking’ of Vizier and the king could not fulfil the desire of the inventor of chess. Why?

The number of grains on the 64th square would have been 263, and the total for the whole board = 18,446,744,073,709,551,615. This is more wheat than in the entire whole world; in fact, it would fill a building 40 km long, 40 km wide, and 300 meters tall. 

So, the moral is if one uses the ‘Power of compounding’ smartly, becoming Rich is not a dream. This is also our 'simple and happy' approach without any overwhelming.

Get your actions in Personal Finance right by through our ‘Simple and Happy’ approach. It is our considered view that with the following actions, you can create simple and happy ways to be Rich:

1.Pay yourself first
This means “Save first and spend the balance”. Whenever you get your income, you need to allocate the pre-decided portion as savings and then only spend the balance

2.Invest in the education of the market
This is one of the best advices for a person entering the market. Today, there are excellent sources such as books (including eBooks), audios, videos, training programs on the basics as well as the higher aspects of the market.

3.Invest early
The principal rule of investing is to ‘start early’ to get the benefit of compounding

4.Adequate insurance
Decide the amount of cover for life insurance and medical insurance with the help of your advisor. Keep reviewing the adequacy every year. Today the term policy premiums have really plummeted to the real benefit of all of us.

5.Be smart in using credit card
Use credit card for safety and redeeming the points rather than a source of easy credit.

6.Play the game of Risk Management and not Risk Avoidance
“The greatest risk in life is not taking any risk”. Learn to manage the risk using the right tools. Of course for an investor, the longer the period that your money is available for you, the lower is the risk.

7.Utilise the services of an Advisor
The smart way is to work out a plan with the help of your Advisor & stick to the plan.

8.Have a Financial Mentor
We firmly believe in the concept of monthly reviews to ensure discipline. Have a mentor for this purpose.

We are optimistic that many of you will use the above simple steps and make us proud to write about you in our ‘Celebration’ page. This is not just our wish but our submission to the Universal Intelligence.