How will you behave if you see LIFE AS TIME and ALL YOUR ASSETS AS MONEY?

Jun. 11, 16

How will you behave if you see LIFE AS TIME and ALL YOUR ASSETS AS MONEY?

Greeting from Hitesh! Our last post was super hit with our readers. Most were unaware about differences between HORIZONTAL and VERTICAL Success. Most used to believe that they are SUCCESSFUL but now they are seeing their success with a difference.

For the last 25 years – I have asked simple question to many of the guys. Just put number 1, 2  and 3 on following priorities.

To be WEALTHY / To have LUXURIES / To be Comfortable

Most guys have given number one to – Comfortable life, Second to LUXURY and third to be WEALTHY. Their thinking is if they are comfortable – they will try for LUXURY and if by stroke of luck they become WEALTHY they have no issues. Many see them as stages of their life - First being COMFORTABLE and last being WELATHY. They are 100% wrong!!

THESE THINKING HAVE AFFECTED THEIR LIFE LIKE ANYTHING.

They live life in PIECES. They are different in their JOB / with their family / with their friends and they are 180 degree different when they are SURE that NOBODY is watching them / seeing them or nobody will come to know.

How this AFFECTS their INVESTMENT BEHAVIOUR?

They will invest in various asset classes and fall in love with them. They will invest some money for MARRIAGE of their CHILDREN / EDUCATION of their CHILDREN / THEIR REITREMENT and things like that.

Now, they are planning to remain POOR for life. How? Let me share the important statistics for PER CAPITA INCOME in INDIA.

PER CAPITA INCOME in India:-

It is around USD 1500 as per various estimates. I am not concerned with the EXACT FIGURE. I am concerned with the implication of the same.

If you convert this to INR – it would be around Rs.1 lakh per person.

Now, he has to meet his FOOD / CLOTHING and SHELTER out of this. Gross Saving rate in India is about 30%. So, he is left with say Rs.30000 at the end of the year.

(If you are in USA – your figure is 15% saving with USD 55000 per capita income).

Now, you have Rs.30000. You will start investing for your SON’s Education / daughter’s marriage / your retirement. Your Rs.30000 gets shared between your 3 objectives. Say Rs.10000 each.

Since you have broken up this amount to achieve your objectives – you have settled for a LOWER RATES of RETURN on EACH OF THEM to get ASSURED RETURNS!!

In the process, you have made THREE compromises – one you have broken up your STRENGHT into 3 areas / second you are going for lower rates of return and third and most important – you will NEVER BE WEALTHY following this approach.

You are doing all of the above for your goal of COMFORTABLE LIFE!! Let me share a FACT– if you feel you are really comfortable in your life, you must have compromised a lot in your life!! COMFORTS and COMPROMISE go hand in hand.

How the Smartest of the Smart People deal with their Life and Money?

They see life as TIME. When they see LIFE as a time – they know they have just 24 hours a day. If they use this time for PETTY activities – they will have no time for things they really want to do.

So, they buy TIME of other people around them. When others are working for them – they have more and more time for themselves.

To do that, they use the power of their MONEY. They see all there assets in terms of MONEY. When they see their ASSETS in terms of MONEY – they do not fall in love with any objective or asset class. They are flexible to change their asset classes depending on the opportunities at a given point of time.

Look at SOROS – he retired long back. But seeing the opportunities in the market –he is back to Office at 85 years of age. Buffett is also working at 85 years of age. They mean business/ they mean money and they are here to make SERIOUS Money.

How DESTINY MANAGEMENT is DIFFERENT?

We don’t work for COMFORTS. We work for WEALTH and serious WEALTH. We understand one simple thing – if we have wealth – luxuries and comforts will come automatically and at our terms and our pace. We are not in competition with JOB SECURITES / RETIREMENT PLANNING and other kinds of planning. We are talking about VERTICAL GROWTH. All vertical growth has vertical fall also.

So, to make SERIOUS MONEY, we first find out the LONG TERM TREND. Way back in AUGUST- 2012 – we have categorically written that India will have a GREAT time between 68 years of independence to 86 years of independence.

We had a vision of coming 18 years for India. In 2012, we did not know that NARENDRA MODI will become PM in 68^th year (2014) and things will change FAST. The point here is – we understand our HOME TURF very well. This is the first point before you invest your single rupee anywhere.

When we know the TURF – we know which asset classes will be most beneficial over a period of time. We are okay with ups and down for a short period of time as long as we are sure it will out perform all other asset classes in the end. Our conviction comes from study of our first step as we mentioned above.

In our approach – you use the power of FOCUS of your money to a particular asset class and you go for the ultimate goal of WEALTH – so all your WISHES / OBJECTIVES are easily achieved. No need for PIECEMEAL living.

What NEXT?

Whatever I have written is 100% commonsense and deep down you know that I am 100% right. You also want to follow my approach, but you are not able to follow, as you are not financially educated. You need to Master the fine art of investments before you can do above.

If you like our approach – you can learn the fine art of investments from us. Just contact us.

Have a GREAT WEEKEND.

Follow me on Twitter @hiteshmparikh /  WhatsApp - +91-9869425399 / www.hiteshmparikh.com

Live With Passion…Invest With Passion.

Hitesh Parikh.

www.hiteshmparikh.com