Monday, 11 April 2022

How to design a good life, a safe life, a life of happiness, discovery and invention?

 

How to design a good life, a safe life, a life of happiness, discovery and invention?

How to live a life of Abundance?

Why SIP is just the tip of the iceberg?

Discover SIP and other such life transforming tools  

 SIP's true magic has been that it succeeded it getting investing emotion out of the investment decision which otherwise is near impossible .

Therefore come hell of highwater the SIP flow continues to serve people, the markets and the nation .

SIP has helped in reducing market volatility which in turn has encouraged more and more people to become investors .
 Consider these: Monthly SIP contribution at the end of January 2022 was Rs 11,517 crore,
 an all-time high figure, and compared favorably to Rs 11,305 crore recorded in December 2021. 

Also, total AUM from SIPs jumped to Rs 5.77 lakh crore from Rs 5.65 lakh crore a month ago, 
the Amfi data showed. 

Total number of SIPs also rose to 5.05 crore, from 4.91 crore by end-December 2021.

SIP flows have been instrumental in supporting the markets despite uncertainties arising out of external factors like rate hike by the US Fed and FII outflows. 

SIP clearly helps to build a resilient India 

However SIP alone is not a solution to society's myriad challenges

First SIP is an accumulation tool that works only after 7 to 8 years for the investor 

 There are other challenges that need addressing 

 The biggest challenge from a daily life perspective is the need to have the right amount 
of money available to spend at the right point in time 

Accumulation is necessary but it is not the answer to every problem

An accumulation mindset can be destructive by making people sacrifice their opportunities 
because of their obsession to accumulate

 There is no joy in dying rich and living poor

Understanding the Power money and the significance of Enough is equally important for a balanced life 

Accumulating Threshold is the point after which the Corpus can support endless cash flows 

Cash Flows is the fuel that takes quality of life forward

 Just Accumulation is like buying a Mercedes to be parked in the Garage only

 Cash Flow will take the Mercedes out to places and provide the occupant the joy of driving 
and seeing places.

Therefore Knowledge of  Time Value of Money and the construction of the  various cash
 flow solutions plays a massive role in designing quality of life .
 Financial Freedom a new concept based on FIRE (Financial Independence Retire Early) is the
 most important concept today for people to be able to design a good life for themselves.

 Providing funds for lifelong education which is the need of the times.

 Providing funds for a lifetime of holidays and vacations.

 Providing a  great Retirement experience.

 Providing a constant cash flow to become the bedrock based upon which one can serve
 the people without worrying about earning our of delivering such society building services .

These all can be designed with the Power of SWP Knowledge which itself emerges from
 the knowledge of Time Value of Money (TVM).

One of the biggest scope in Personal Finance Management has been drowned by the noise created around SIP.

SIP is great but time has come to explore further and provide people the joys of life .

SWP, STP & now Booster STP are all habit building process like SIP that keep destructive
 emotions of Greed and Fear at Bay and Deliver a Good Life to Live and Cherish .

Raja Bhattacharjee
 
 Phone: 09830146206
 Office : 09681518774   /  7449858289
 


posted by Raja Bhattacharjee @ April 11, 2022   0 Comments

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