Anybody can create wealth.
Anybody can become rich and wealthy.
Sometimes as a result of hard-work, sometimes smart-work, sometimes due to inheritance, sometimes due to luck...
Most of the times, most of the individuals whom we consider wealthy have become so because of their VISION.
When Swami Vivekananda was asked by a visually challenged person, "What is worse than being blind?"
Swamiji responded, "Not having a vision".
Vision is a destination, a long term imagination -- thinking beyond what the naked eye can ever see.
In terms of Wealth Creation and Protection, only a peson who has vision can truly protect his /her wealth.
When we have lot of wealth, the general tendency is to disregard it, blow it off as it there is no tomorrow. Paying little heed to savings, let alone investments and financial planning.
Yet, the rich and wealthy who continue to be rich and wealthy are the ones who had the vision to save and invest their wealth safely so that they could use it when needed and it could be passed on to generations in legacy...
Wealth that is not protected and invested for safety and ontinued returns and safety, is mostly lost in thin air.
Protecting wealth is a cumbersome procedure. It involves lot of R&D. It involves lot of planning. Lot of permutations / combinations. It involves lot of knowledge of the different savings / investment instruments, their related risks and returns, gestation period, charges involved, tax applications (pre & post), etc.
Over and above all these, Protection of Wealth involves "Knowledge of Self".
Financial Planning is a lot more about planning your life than planning your money.
To know more about your money and how to protect it, you need to know yourself -- Your life-style.
Your risk-appetite. Your current wants and needs. Your family's wants and needs. Your future wants and needs. The time-frame needed for your returns. Your aspirations. Your security. Your VISION.
And we all know, that although we are our best judges, we seldom know ourself fully and truly.
Thus, Protection of Our Own Wealth becomes even more difficult than earning the wealth.
Per global stats {Source: Scorpio Partnership - article in Hindustan Times 19 Sept. 2012, Mumbai}, the global wealth management industry is now paying $8 to generate every $10 of income.
So, if trained, specialist professional Wealth Managers take so much to manage your wealth, the writing is clear on the wall -- Protecting Wealth is more difficult than Creating Wealth.
More in the next blogs on how to start knowing yourself to protect your own wealth ,,,
Ajit Vidyadharan
Certified Wealth Manager / Financial Advisor
Call: 9664966416
Anybody can become rich and wealthy.
Sometimes as a result of hard-work, sometimes smart-work, sometimes due to inheritance, sometimes due to luck...
Most of the times, most of the individuals whom we consider wealthy have become so because of their VISION.
When Swami Vivekananda was asked by a visually challenged person, "What is worse than being blind?"
Swamiji responded, "Not having a vision".
Vision is a destination, a long term imagination -- thinking beyond what the naked eye can ever see.
In terms of Wealth Creation and Protection, only a peson who has vision can truly protect his /her wealth.
When we have lot of wealth, the general tendency is to disregard it, blow it off as it there is no tomorrow. Paying little heed to savings, let alone investments and financial planning.
Yet, the rich and wealthy who continue to be rich and wealthy are the ones who had the vision to save and invest their wealth safely so that they could use it when needed and it could be passed on to generations in legacy...
Wealth that is not protected and invested for safety and ontinued returns and safety, is mostly lost in thin air.
Protecting wealth is a cumbersome procedure. It involves lot of R&D. It involves lot of planning. Lot of permutations / combinations. It involves lot of knowledge of the different savings / investment instruments, their related risks and returns, gestation period, charges involved, tax applications (pre & post), etc.
Over and above all these, Protection of Wealth involves "Knowledge of Self".
Financial Planning is a lot more about planning your life than planning your money.
To know more about your money and how to protect it, you need to know yourself -- Your life-style.
Your risk-appetite. Your current wants and needs. Your family's wants and needs. Your future wants and needs. The time-frame needed for your returns. Your aspirations. Your security. Your VISION.
And we all know, that although we are our best judges, we seldom know ourself fully and truly.
Thus, Protection of Our Own Wealth becomes even more difficult than earning the wealth.
Per global stats {Source: Scorpio Partnership - article in Hindustan Times 19 Sept. 2012, Mumbai}, the global wealth management industry is now paying $8 to generate every $10 of income.
So, if trained, specialist professional Wealth Managers take so much to manage your wealth, the writing is clear on the wall -- Protecting Wealth is more difficult than Creating Wealth.
More in the next blogs on how to start knowing yourself to protect your own wealth ,,,
Ajit Vidyadharan
Certified Wealth Manager / Financial Advisor
Call: 9664966416
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