Do you know what is stopping you from reaching the top?

To get to the top, one must plan and practice. Even if you don't see immediate results, the right direction and daily baby steps are important.

To progress in life, we need SANGAT, AADAT, and GURU! 💎

📌️ Sangat (Surroundings):

It is said that the best way to know someone is to look around them.

✔️ You are the average of the five people with whom you spend the most time!

Our surroundings have a significant impact on us, either directly or indirectly. As a result, we must exercise extreme caution when selecting our company.

For example, if all of your friends smoke, there is a good chance that you will start smoking sooner or later. If you are an investor and your friends are speculators, you will begin to speculate as well. It's quite obvious.

The good news is that we can always change our environment. If you believe your current circle is not helping you achieve your goal, act quickly to leave it.

Mastermind Alliance and Accountability Partner are always desirable and recommended. ✅

📌️ Aadat (Habits):

Habit is what we do on a daily basis at a subconscious level without even realizing it. Even if you are aware, the habit of doing something must come effortlessly.

If you are putting effort, it is not your habit, as simple as that.

To develop that habit, one must be consistent. ✅

Needless to say, the act should provide you with one or more benefits like - pleasure, relaxation, enjoyment, fulfillment, motivation, encouragement, or progress toward your goal.

Many people skip health-related measures like exercise or walking because it hasn't become a habit. They put effort and take a lot of pain to get it done. That is why they leave after a while.

The habit must be immersed without putting any strain on the mind or body.

📌️ Guru (Mentor):

The value of a mentor in one's life, whether personal or professional, cannot be overstated.

Always seek the advice of experts. It saves time and helps you get back on track if you become distracted.

Everyone in sports has a coach. Every artist succeeds because of their teacher.

You will receive timely advice and a clear road map to follow. However, it is entirely our responsibility to take that path.

In all cases, it is critical to understand where you are now and where you want to be in the future. Because the majority of people do not know what their goals are, they begin to count limitations.

The significance and existence of a teacher, trainer, coach, mentor, or guru are felt throughout life. ✅

What about your Sangat (Surroundings), Aadat (Habits), and Guru (Mentor)? If you haven't already, get it right away! 🔔

The cost of procrastination, ignorance, and self-doubt is massive, whether in personal or professional life.

Life is a game of determining where to take risks and where not to! ⚡

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Do you have enough Oxygen to breathe when you retire?

Despite the fact that water is composed of Hydrogen and Oxygen, humans cannot breathe underwater.

We are unable to breathe liquid. Oxygen is useless to our lungs in this liquid form. 💧

📌️ Similarly, making money and managing money are two completely distinct forms. One can be great at making but terrible at managing.

Your money is entirely your responsibility. As a result, either learn and do it yourself (DIY) or outsource to financial planning professionals. 💎

Making money is treated as an active source of income. When you stop working, this will go away. After retirement, or perhaps in the case of early retirement, one must accumulate a sufficient corpus to generate passive income for the rest of one's life.

The absurdity is that we can't assess the need for passive income as long as our active income is adequate to cover our demands. The need arises only when active income dwindles and you are compelled to depend on other passive income sources.

After some time in life, one needs to be free of the pressures of money. This is only possible if you have achieved financial independence that generates a regular stream of cash flow.

⚡ How many people seriously consider obtaining financial independence, which is most critical during their golden years?

Do watch the movie Avtaar (1983, Rajesh Khanna) and Baghban (2003, Amitabh Bachchan) to get a sense of how life can be ruined if you are not financially secure and rely on the next generation.

The harsh reality of life is that if you are financially fit, you can get a bank loan while working and your children will take care of you after you retire. Expect none of these if you are not financially secure. 😒

What are your thoughts on financial stability in retirement?

Make arrangements to obtain pure Oxygen rather than liquid Oxygen! 🔔

USE it or LOSE it!

⚡ Most of us are unaware that KNOWLEDGE comes with an EXPIRY date.

Learning is an ongoing process. We live in an era where a plethora of data and information is readily available. We must learn how to transform information into knowledge.

📌️ And, before knowledge becomes obsolete, turn it into a skillset.

Prof. John B. Goodenough, now 100, who received a Nobel Prize for his work on lithium-ion batteries at the age of 97, once stated that just because one retires does not mean he should wait to die.

⚡ Downgrading occurs by default if we do not upgrade. We die the moment we stop growing.

If we are good at something, we will perform much better than others who do not have that skill. However, it is equally important to constantly sharpen and upgrade our skills.

There are numerous examples of celebrities, sportsmen, and public figures who excelled at the pinnacle of their careers. However, they went bankrupt or lived hand to mouth after that.

Their refusal to improve themselves was a major factor in their financial failure later in life. They grossly underestimated future costs. They didn't learn how to manage their money properly.

In fact, people spent 90% of their time thinking about how to earn money. However, not even 10% of their time is dedicated to managing their hard-earned money. This is equally important.

One day, our active earnings come to an end. At that point, we will rely on the corpus amassed throughout our lives to generate passive income.

Learn how to manage your money prudently in order to maintain your lifestyle and future expenses.

✅ Learning must continue from the Womb to the Tomb.

Have you ever heard the story of a woodcutter who used to sharpen his Axe several times before cutting a tree?

✅ Keep shaping your Axe on a daily basis!

💎 Live as if you were to die tomorrow. Learn as if you were to live forever - Mahatma Gandhi

🔔 When was the last time you sharpened your skills?

Can we survive if all of our bodily fluids💧 are soaked up?

If not, how do our finances function when there is no liquidity? ⚡

We frequently underestimate the significance of Liquid funds.

Liquid funds are an important component of any portfolio because they provide safety, liquidity, and diversification.

a) Emergency Requirements: 📌️

We always take safety precautions while driving, such as wearing a seat belt in a car or a helmet on a two-wheeler.

An exclusive contingency fund, upto 6 months of our monthly expenses should be built and maintained throughout the year.

b) Rebalancing the Portfolio: 📌️

By realigning all asset classes once a year. Liquid Fund helps manage risk and improve overall portfolio performance.

90% of investors overlook this critical element. They disregard the significance of rebalancing. 😒

c) Opportunity Calls: 📌️

We can temporarily keep our funds in liquid form to take advantage of any future opportunities.

It has been observed that whenever there is a substantial market correction, we all miss out on a big opportunity due to a lack of liquidity.

When other asset classes do not perform well, liquid funds are always available to support our portfolio and meet our needs.

d) The Umbrella Fund: 📌️

Creating an umbrella fund that can be used for a variety of purposes such as

- Social Activity

- Philanthropy

- Gifts

- Appliances & Gadgets

- Personal Development, Learnings & Skill Acquisition

- Long-term Medical Care - since insurance cannot cover all medical needs.

This can be used as and when needed depending on the situation.

e) Psychological Protection: 📌️

Liquidity provides us with financial peace of mind in the case of an unexpected incident.

As a result, having a Liquid asset in our portfolio is strongly recommended.

💎 The purpose of liquid funds is not to generate returns, but to have funds available 24x7.

Always keep your Body and Finances hydrated! 🔔

How many and what types of liquid funds do you maintain in your portfolio?