You are planning to go broke…

Since I started my career as a financial advisor I have met a lot of people from different age groups and income groups. Everyone wants to be rich but very less are willing to act upon it. Most of the time I hear people planning to invest from the “next month” but it never happens. I have met people who take new loans just because they are “eligible” to get a loan but are skeptical to invest as it is not the “right time” to invest in the markets now. People don’t understand that taking a loan means borrowing money from your future self where as investing means paying to your future self. People today do not understand that the inflow of their income is not till eternity. There is ceiling to your income, one day everyone has to retire, willingly or forcefully. People don’t plan for the rainy day and crib when a disaster happens. Not planning your finances is master plan to go broke. The problem is people consider buying an insurance as an expense on the other hand going on a vacation is a need. In reality it is the complete opposite. We live in a society where an EMI of Rs. 10000 is not an issue but an SIP of Rs. 5000 is heavy on our pocket. In 20’s people avoid to invest as they have a “Lot of time remaining” to invest. In 30’s they have “Lot of responsibilities” to start any new Investments. In 40’s they have a “Lot of expenses/EMIs” to invest. By the time they reach 50’s they are already working on their master plan to go “BROKE”. Any Queries/ question Email id – mrinvestsmart01@gmail.com Instagram – mrinvestsmart Whatsapp – 9920978346.