Recently an article of mine was published in rediff.com. As expected it was about starting early and investing small amounts regularly. What is amazing is the kind of responses that I get when I say something like this – in a class or in writing. Most people who can invest will not. They will keep asking the following questions:
1. Is there a guarantee that I will get 12% return?
2. No economy in the world can grow at 12% for 30 years
3. Do your own business – it is much better
4. Which fund should I invest. NO FUND HAS GIVEN RETURNS better than this for the past 20 years.
Amazing how people will concentrate on WHAT THEY CANNOT DO …and thus REFUSE to do what they CAN do..
Do you think I get disheartened when I hear all this? NO. NO. Nyet, Na,…..
to me there is a lesson that I learnt early on….Those who can do, those who cannot criticise’.
People who cannot save for whatever reasons (do not save =cannot save for me) need to find some justification for their spending (and therefore not saving). If they cannot save or invest, then they rubbish all the claims about growth rate, compounding, etc.
To me such people are challenges – getting them to my seminar is completely useless, they actually need 2-3 days of ‘goal setting’ and for them to believe in these goals. If there are no goals these people will never save or invest…
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