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UNDERSTANDING THE IMPORTANCE OF INVESTING
The New Indian Express
|October 07, 2024
INVESTING is an absolute necessity - I would call it part of the 5th R-Money! It is also scary! Imagine it is at a cross of politics, mathematics, emotions, markets, salesmen, and your own future.
For a non-investor it is unavoidable and scary.
How can a person explain investing to a person who is scared about investing? Simply by giving examples of our day to day living.
Tell a housewife that if she can plan and run a house, she can look after the house's portfolio too Tell a man if he is doing 'costing and budgeting' for his employer, he can do the same thing for his family too.
Tell the family that building a financial plan is like building a bridge - you should assume that there will be overloading and likewise some excess capacity has to be provided for.
Compound interest is like buying mango and using the seed to start a mango farm.
Esta historia es de la edición October 07, 2024 de The New Indian Express.
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