Article - Sudhir Pai
Having worked with ICICI Bank, Kotak Group and Motilal Oswal Securities in the past, and interacting with many small and big clients, these are 5 steps, all successful investors follow :
1) Have a clear plan :
Remember the rule of 6P (Proper planning and preparation prevents poor performance). Correct planning cuts losses, increase financial gains and avoid the pain and panic of financial or lifestage crisis.
2) Upgrade yourself :
Atleast one hour of your day (preferably early mornings), must be set aside, to read newspapers like Economic Times, Business Standard and keep ourselves updated with what changes are happening in our society, nation and world, in terms of politics, technology, innovation, economy etc.
3) Network :
Network = Networth.
Please invest time to develop and maintain friendship with moderate minded, progressive human beings who believe in Win Win ecosystem. Ensure you also contribute in terms of helping and reaching out to them.
4) Live a simple life :
We must understand the difference between wants and needs. Take a stock of your daily and monthly expenses and regularly do smart budgeting to ensure that we are not spending on unwanted things. Do yoga and meditation . Follow a disciplined lifestyle and eat healthy food.
5) Hire a life and investment coach :
It is always better to invest some money to hire a life coach, who will guide us through happy and sad days. Even the best movie actor or sports celebrity has such life coach who help them to keep a balanced attitude toward life and career.
For inspiring books, individual counselling and group seminars, contact WA on 9820073993.
All the best !
Sudhir Pai
9820073993 (Mumbai)
sudhirpai108@gmail.com
