Posted By: Admin
For any human being to live, need to follow certain critical activities like Sleep, bath & Brushing, Eating regularly and physical exertion. Remember as child when your parents would ask you to do the simplest tasks including daily activities all by yourself ? I should acknowledge that having children do chores does not always save parents time or make parents’ lives easier, and this is especially true for young children. But the only way for children to become effective and efficient at helping out around the house is to let them start as beginners and give them opportunities to practice. And that’s also the only way for them to gain the more important benefits of doing chores. This is another classic case of balanching your long and short term goals.. As children grow up, parents must constantly make choices about how much responsibility to give them and how much support to provide. Every step of the way, you can get a better “product” – a cleaner bathroom, a neater yard, a tidier house – if you do everything yourself, but in doing so you’ll be losing the chance to have your children develop greater “production capacity” – their ability to do good work in the future. The longest longitudinal study of humans ever conducted is called the Harvard Grant Study. It found that professional success in life … comes from having done chores as a kid … [because it cultivates] a mindset that says, ‘There’s some unpleasant work, someone’s got to do it, it might as well be me,’ a mindset that says, ‘I will contribute my effort to the betterment of the whole. Similarly, when we start plan towards our financial goal, we need to apply some thoughts. Your financial goals are your kids and attending to them is one of your daily activities.
We set some milestones and a goal. They are what we want from this particular goal, savings, why we want this, when we need this, how we need this etc. All these chores can be over whelming sometimes, So we break it up in smaller tasks. This kind of break up helps us to plan our financial planning journey smooth, also, help us to identify check and balance, when we review it over the period. So, a clear cut aim/goal is required to start our financial plan journey. Over the period, this specific plan will lead us by itself, to reach our end destination. All we need to do is, just stick to it, review it periodically, and leave others to our advisors. Being investors is always a boring, but can be rewarding too. The number of years we are into that particular asset class matters.
Currently the market has seen a significant raise in market from last year March. If someone, don’t break up their ideas, path, the way we have expressed in our earlier, he would have reacted on the basis of greed/fear factors to the market. Possible outcome would be , he would not have reached this plan.
So, while planning for your financial, plan well. Have them, broken well to understand every part. We can help you do that. Contact us today for Free portfolio advise.