Start Early, Proceed Systematically, Look Long Term

Let Your Money Work For You

Let Your Money Work For You
All You Wanted to know about money

Thursday, September 9, 2010

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“Our lives are frittered away by details.........................Simplify, ..............simplify.”

-Henry David Thoreau, the 19th century American writer cum philosopher

So make a very simple plan with one or two major goals identified. Device separate investment products for each one. Remember 'Horses for Courses'!!

Every year we celebrate one or other festival. Birthdays. Anniversaries. So make a day for reviewing your investments: it could be after Onam or Vishu or SAMVAT trade day or linked to your anniversaries...

The idea is to take stock of your incomes, expenses, assets and liabilities. The new IT Tax Return makes you do that. But it is not sufficient. Plan to get Rich. Not just to be self-reliant, but to have your assets work for you than you do it always.. Self reliance is only the beginning.