Funnily getting rich is about being skilled and being lucky – not either or.
How rich you are at the end of your life is a function of a few things:
a. How much you earn
b. How much you save / invest
c. How well your investment performs – and how well you let it perform
How much you earn of course is a matter of how well you did in your academics, what job you got, …etc. etc. – a separate topic altogether and to which discussion I cannot add much.
Then the following things have to happen:
you quickly know about regular investing, power of compounding, equities…etc. so that you know about wealth creating opportunities.
Herein lies the funny part.
Only when God wants you to benefit, do you really benefit. Kids in our office are in 3 categories:
a. those who already know what is SIP, compounding, etc. so they make an early start
b. those who hear all this and make a start…soon.
c. those who make a start…then get scared and STOP.
d. those who do not start at all.
I feel sad for those in the c and d categories – and they are many. I somehow think it requires God’s blessings for people not to be distracted by some stupid articles or television channels. However, they do have to accept the blame of making a mistake of not applying their minds…and therefore interrupting the power of compounding.
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