Why Generate an Investment Rulebook

FINANCIAL KNOWLEDGE

- RAJAS KELKAR

India completed 75 years of being a Republic on Sunday. It was no mean achievement for a country that pundits predicted would fail in the 40s and 50s. All stakeholders must follow the Constitution as a guidebook regardless of political ideology. Despite multiple differences, there is a relative public consensus that we have to function as a democracy and follow the laws in the written Constitution.

Imagine your life as a chaotic place like India in 1947. There are problems galore. Unlike the situation then, the risks to your life are low. However, you know that you need to take control of it. You need to establish an order that allows you to lead an everyday life. The role of money in your life cannot be understated. The root cause of disruption in life is related to your finances. They may not be aligned with your life goals. But you know your future depends on how you handle your income and expenditure. You also know that your savings and investments require a rule book you agree to without grumbling.