Interesting Comparison between Suicide and Financial Suicide

 

30^th June 2021

Interesting Comparison between Suicide and Financial Suicide

Dear Fellow Travelers,

Namaste! Our last post on “E” was super hit and people have appreciated that one letter can also teach us the secret of success. Today I am doing an interesting comparison between Suicide and Financial Suicide. It will be eye-opening for many that how suicide rates in India are the highest.

Let us see some common points of comparison: -

1.  Suicide Ends life.

Financial Suicide ends the financial powers.

2.  Your start a new life after Suicide from Zero.

The case of Financial Suicide also you start the financial earnings from Zero or debt situations.

3.  Many times, financial suicide is the reason for Suicide.

Financial suicide is always the reason of Greed and Fear coupled with ignorance.

4.  Normal person thinks of Suicide when he is at the top of Frustration and hopelessness in his life.

Financial Suicide is committed when  a person is overexcited to make tons of money in a short span

5.  Beginning of Suicide happens with expectations of love/money or success are not fulfilled. Every failure keeps on adding to the desire to commit suicide.

The beginning of Financial suicide happens with the small greed getting fulfilled. More and more easy profit is earned without doing anything – motivates to play bigger and bigger gamble. Ultimately, they play too big a game.

6.  In the case of Suicide – a person forgets the positive contribution and love of near and dear in his life. He focuses on the people who hurt you and takes his life.

In the case of Financial Suicide – a person forgets about the negative situations he and his family may have to suffer – if he losses all his money.

Rates of Suicide: -

A normal person may have the lowest rates of Suicide in the world but they have the highest rates of Financial Suicide.

Greed + Fear coupled with ignorance is the key to their financial sufferings.

Ideally, if the ignorance is dealt with proper knowledge – they can become aware of their Greed and Fear and when they are aware – they will stop it.

The same is the case with suicide also. Proper knowledge about the life perspectives will stop the suicide.

What is the Biggest Challenge in the coming years?

A most financial planners will talk about Inflation / retirement/sickness and death as the major threat to your financial stability in the coming years. They are partially right.

These situations were there 10000 years back also and they will be there 10000 years after we are gone. So, the point is not to worry about them.

The major challenge is that when you lose the ability/hope and courage to fight back above situations. The point is to have the knowledge, confidence, and courage to deal with them.

If you think on above lines – you will be able to deal with your issues in personal and financial life with confidence.

Follow me on Twitter @hiteshmparikh Or on Whatsapp - +91-9869425399.

 

Live With Passion…Invest With Passion.

 

Hitesh Parikh.