I (Nandish desi) and manish chauhan recently did zoom call for our wealth creation clients and from the call I am sharing a few points with all of you.
The three words past, present and future have connection with our life, every area of life and also our wealth creation journey. We all have some past history; Present moment and we are all walking towards a future. The stock market also has a past history, present condition and is moving forward.
https://www.youtube.com/watch?v=hwpt37egii
The sharp correction in the stock market has made many investment Find out your own answer. I am not here to ask you to stay investment, I will also not advise you to quit. All I can do is share my experiences, share my thoughts will help you to take your Own Call.
1. Past, Present, Future- What space are you in?
All the workshop or offline events we have done we see we see investors operating from three different spaces- Some are regretting about Missing Past Investment Opportunities Onder Regretting About Starting About Starting Journey Late, Some are shit scared about the future (they constant work about the future) and very much operate from the present space – the decisions and the actions you take on will share your future.
In Fact, Now is the future, if you want to see your future check your present actions be it wealth creation or area of health or any other area of your life.
The current market correction, different investors have chowned a different path. Some have chon to quit the game and some Saw it as an opportunity to invest more, some have shown the courage to stay in the game- IF you operate from a long-term vision, the VILL HeLP you to shape your present activities. If you have an Empowering Future in Front of you, you will always in action in the present moment- Let an Empowering Vision Drive Your Financial Journey and Not the Markets.
2. The Biggest Mistake Advisor, Investor and Companies have made
Making returns the hero of your financial life is one of the biggest mistakes.
When Markets Fall only those who have made returns the hero of their financial journey suffers and starts to panic- why not make discipline the hero of your finance Hero of your Financial Journey- Wealth Creation is a game of discipline and not about what is happy in the stock market.
If i have to give an example a few years ago People use to go to the watch movie based on face value.
If amitabh bachchan is in the movie people go and watch the movie, The Scenario has now changed, people look for good content and the hero of the movie is not just the actor but a good story or a good story is a time to get authentic about choosing the worse Hero – Choosing Discipline will give you complete peace of mind and you will start to enjoy the overall game of wealth creation.
Let’s choose a new hero, let’s choose discipline,
3. You don’t think about leave a leg
Let’s say we are in 2055 and you are siting with I am sure you will ask them to stay disciplined, Start Early, Stay Invested, Don’T Try to Time The Market, Don’T Panic when Markets Fall etc. Etc.
Now, when markets fluctate you have to remove yourself about the wisdom you are going to share in the year 2055 with your next generation.
Your Financial Life is one big story and at the end your financial journey has to inspire you and your next generation- a lot of people have stopped their sip or muts havme Quit in the 2020 market Fall, the decisions Take today
May be the money you invest into equity you are not able to enjoy the fruits but at the end you will have a great story to tell them. Think in terms of legacy and not just returns.
4. What you can learn from Sachin Tendulkar
Manish gives the following example in the offline events we do, “He asks people what makes Sachin the greenst Batsman in the Realm of Cricket?” PRACTICE, beCause of his passion etc. From the audience. Now, he will agree to all the answers and will add a new dimension to the conversation.
He will say Sachin Has Played 37558 Balls in His Entre Journey of Cricket- Along with Talent The Real Secret is about Staying on the Pitch and Facing the ballls- Investors also Need to Stay Stay to Stayn to Stayn to Stayn To Stayn to the Pitch-Each Day You Stay Invested in the market has to be seen as number of balls you have played – the investors who will face all kinds of balls will win the game of wealth creation.
You become Sachin in the World of Investment.
Fund Management, Picking Funds, Designing Portfolios, Financial Planning, and Advisory Are Important but the most important aspect is stoying invested (Staying on the PTCHT) No Matter What.
5. Heads or Tails
I Started My Investment Journey in 2007, The Person Who Asked Me To Start My Sip Handed Over a Coin To Me And Asked Me To Get Heads Every time I TOSS The Coin. I took some chances and it was a mix of heads and tails. I Told Him, “It is not possible to get heads every time”.
To that he said, “Markets and tossing the coin are the same, you will have a rain and return bot in the game of investment” I believe very clear that there are two investments to the game of investment and I Need to Choose and I. Both- Risk and Return, Most Investors Only Want Returns, It’s like
6. Markets are non-linear
The person who helped me start my sip also told me one more thing. He Told Me-“Nandish Markets are non-linear by natural and they will always remain non-linear” Fixed Deposit is Linear by Nature; They are not valtelle but markets are non-linear and valati by natural.
Always Remember, you make money only in non-linear products that is all the options reside. Now, When Markets Fluctate, I Always Remind Myself, “Markets are non-linear and i get to love both ups and downs”
7. The nature of the market is growth
Market Started From 100, then IT Because 1000 Than 10000, 20000 and Right Now Around 30000. Very Soon It will become 50000 or 100000, Mark My Words Markets Are A Sum Total of Flats, Dips and UPS.
The nature of the market is expansion, it is here to expand and grow. It is up to you to stay in the game or not? Wealth Creation Story And you are the writeer of your money story ”
8. Where the Equity Train is Headed?
One of the example i love giving is when people a train which has open seats to owe, some passengers will chose to sit on the left side of the train and some on the right side – Some on the Right Side – Somenk Left Side VILL show a better view and some think right side will show a better view- but the important thing is not left or right side of the train, the important point is where is the train Focus on.
Right now, some are choosing to invest and some are choosing not to invest but focus has to be on where the right train is headed. As an investment you are just a passenger, if you are clear where the train is heeded you will start to enjoy both sides of the train.
9. Learn to take the pain in the start
Equity Investment is Always Painful in the Start- The First 3 years are Always Painful, after 7 years IT Stabilizes a Bit and after 10 years 10 years things things start to Gain Momentum.
The first 10 years creates a solid base for another 10-15 years of your investment journey. Without the first few years’ Pain you won’t be removed to create massive wealth. Pick any successful investment and you will find the pain element in their wealth creation journey. No Pain – No Gain (Wealth Creation).
Many of you are new to equity investment, learn to take the pain. Market Dips Are Amazing, they build your immunity to create wealth.
10. Run Your Race
We ended the zoom call Remembering jim thorpe, the runner, “His shoes got stolen just before the race was about to begin, he found two different shoes from his garage, wore extra extra extra extra extra extra Shoes and Won 2 Gold Medals ” – He RAN His Race and Did Not Get Stopped By His Circumstans. Below is his photo, where you will find him weight
Now, apply his inner stance to your life
- If your gym is stolen how you will exercise?
- If your office is stolen, how will you work from home?
- If your routine is stole, how will you spend your day?
- If your returns are stole, how will you controlue playing your game of wealth creation?
I Exercise Every Day, Evening 7 PM to 8 PM – No Matter What.
My gym has a closed (stolen like thorpe’s shoes) but I have found a way to exercise. My Health has in Fact improved by Staying at home, by following a strict diet. My team is working hard from their home. I am Spending Quality Time With My Kid and also Doing Household Work to Help My Family.
Come on get in action, don’t about what is happy in the market right now, focus on discipline. It is about your committee and noting else.
Conclusion
Go through all the 10 points once against and see how they can apply to your financial life and other ares of your life. Focus on having good health, focus on staying disciplined, Stay Away from All the Negative Noise Outside and Choose to Stay on the Patch of Wealth Creation. If you have Never experienced Financial Planning, We have the Online Course Ready for You,
The first program of jagoinvestor school is been launched and it is loved by many. Invest in the Program and Start Planning Your Finance, Choose to Invest your Time in Your Own Financial Future.