A New Perspective on Investment

Should we start investment early? Let’s find out.

Oh damn! Another Finance blog.

“Ye bhi ab vhi start early investing, retire early wali purani baate batayega.”

Hold on guys!!!

Let me be very honest with you.

I am here to share my own experiences with money and understanding of how world of finance, money, economics, politics are interrelated and how it affects our daily life. These will be a pure honest views and other views are possible as well.

There is a very famous investing philosophy every book and every person tells “Start investing early in life”. They give the example of 2 persons, one starting investment at the age of 25 and other at 35 and how the first one has huge amount of wealth created in comparison to second. Nothing wrong in this but let me share with you a couple of small personal experiences.

The month was August 2019. I was waiting for my CA inter results to be declared in a few days. One whatsapp forward I received from my father in the morning. It was about a 2 days workshop on basics of share market.`

I saw the charges and felt it quite high(Rs 4000 to be specific, mujhe toh jyda hi lga). Immediatly I rang him up and told him about the fees for which he replied “Just get yourself registered”.

At that point in time I was not aware that this workshop is going to be a turning point in my life. (Dont worry, I am not here to do marketing of that seminar).

Here began my finance journey and curiosity towards this whole new world of share market and investment. 3 years down the line, today, a new world has opened up to me of writing down my research just because of that first step to attend the seminar(though forcefully). Had I set a foot back because of fees, I might today be relying on some tips for my next trade.

Another story, recently I was listening to a famous podcast “Figuring out” by Raj shamani. He stressed on the same point of learning skills is better in young age than to invest in market.

Suppose, in college, you have a monthly saving of, say Rs. 2000. Now as per most market gurus out there, you should start investing early and understand power of compounding(Dont worry we will cover this as well in future articles).

Lets calculate.

Suppose you save and invest these for 3 years. You will have Rs.2000*12 months* 3 years = 72,000 Rs and maybe a few return earned on it. Say Total you will have Rs. 80,000.

Now instead think of the following. You dont invest this money but use it to gain different skills, experiences, workshop, network, travel or even a few bucks you spend on entertainment as well.

At the end of 3rd year you will be a different person altogether. A new personality, with multiple skills and specialisations, useful for many people and organisations(Believe me there is a huge scarcity of skillful people in the industry).

With these new skills, you can easily make money way more than 80,000 even with a single assignment.

So undoubtedly compounding of money makes wonder and is a good philosophy.

My addition to it is, focus on compounding of skill set and acquire multiple interrelated skills.

Brain stormer – How does compounding of skills works and help in our growth in day to day life? Think and analyze.

Milte hai bohot jald aise hi new generation content k saath. Also feel free to share your own experiences with money. We can connect on my mail id: [email protected].(I will reply for sure, dont worry).

Dhanyawad!

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