_*Water, Work Time & Money*_

Approx 72% of our body consists of *Water*

Approx 72% of our waking time is spent on *Earning Money* (directly or indirectly).

The majority neither focus on the *impact of water* on the human body, nor do they focus on the impact of *earning More (up-skilling)*

🤷🏼‍♂

_*Line Items & Portfolio Tracking*_

In _tough times_, we focus specifically on the *possible bad* line items in a portfolio.....(a product / asset / scheme's performance)

In _good times_, we focus specifically all the *possible good* line times in the portfolio.....(a product / asset / scheme's performance)

In bad times, we shouldn't calculate the absolute amount of INR lost 

In good times, we shouldn't calculate the absolute amount of INR gained

_Both are notional figures.....until we've actually realised the loss or gain, by selling_

Yes.....we need to keep a track & keep reviewing on the specifics.

But.....the golden rule is

In _good or bad times_, we should focus only on the *Overall Portfolio Returns Vs the Asset Allocation we've chosen*

_We cant keep changing the way of evaluating a portfolio performance based on systemic & unsystemic variables which keep cropping up_

_*Relationships, Money & Health_*

3 key variables in one's life are so well connected with each other that, one needs all the 3 to lead a happiness filled life.

One's Life *time* keeps them bonded.

Any of these variables are not well oiled & managed, life is a struggle 🤷🏼‍♂

The problem is, we give a *disproportionate time* to one variable Vs the other.

So, the misery 😞

How much of one's *life time* that needs to be spent on _building & sustaining_ Relationships, Health & Money.....is one's choice, but the choice comes with conseqences which have to be borne, in the future 🙂

Monopoly Vs Reality

👆🏼

I did write a post on the game of Monopoly and its wonderful benefits for learning the lessons on Money & Investing, especially for the kids.

The above one is the flip side of this game - 

_I tried to work the cost of acquiring the card / place Vs the Rent recieved for owning that particular site_

It turns out that the results are quite dubious when compared to the reality of life 🙂

_We rarely / never get a High Rental Yield for a property, when it is purchased for a High Cost & vice versa_

Yes, sometimes it does work out that way… but most times, it's the inverse.

*Monopoly - high cost of acquisition leads to high rental yields*

*Reality of life - it's mostly the opposite which is true*

_*Paying Others, Paying Oneself & Savings for the future*_

One more attempt at a little poetry 🙂

_I Pay_ the Credit Card outstanding

_I Pay_ the Personal Loan EMI

_I Pay_ the Car Loan EMI

_*But, Did I Pay Myself, first*_

_I Pay_ the MilkMan

_I Pay_ the Maid

_I Pay_ the Cook / Driver

_*But, Did I Pay Myself, first*_

_I Pay_ to the School / College

_I Pay_ to the Extra Curricular

_I Pay_ to the Nanny / Creche

_*But, Did I Pay Myself, first*_

_I Pay_ to Entertainment

_I Pay_ to Malls

_I Pay_ to Restaurants

_*But, Did I Pay Myself, first*_

_I Pay_ for the latest Gadget

_I Pay_ for the latest Tech

_I Pay_ for the Comforts

_*But, Did I Pay Myself, first*_

_I Pay_ my Taxes

_I Pay_ my Charity

_I Pay_ Everyone Else

_*But, Did I Pay Myself, first*_

_*Let me Pay Myself First, before I Pay Everyone Else, because; None of the 'Everyone Else' is going to Pay for Me, in the Future*_

_*BSE Sensex Index Data, Daily move & Do we need to bother*_

*Investing Continuously + Staying Invested for Long = Only way to beat Inflation*

*Checking for the Daily Market Movements is futile and a waste of an investor's time*

Markets get spooked by a NEWS

Markest go up with a NEWS

NEWS need not be news...rumour is just fine

_*The Richest Man In Babylon - The Laws of Wealth which never change*_

_Principles of Wealth_ which never ever change with times

_THE RICHEST MAN IN BABYLON_

*Start thy purse to fattening* - pay yourself first before paying others even if you have debt

*Control thy expenditures* - 'whst each of us call as Necessary Expenses will always grow to equal out incomes unless we protest in contrary

*Make thy gold multiply* - Gold, meaning Wealth. _Money begets Money_  and _Uncontrollable Debt begets more debt_

*Guard the treasure from a loss* - Understand risk & avoid / lessen the blow from losses

*Make of thy dwelling a profitable investment* - well, a debatable point on whether to Own a Home or Rent a Home.....but, we'll have to run down the numbers always (in this case). It's not always profitable to own a home

*Insure a future income* - Insurance and future cash flow planning (including retirement)

*Increase thy ability to earn* - and so did Benjamin Franklin reiterate, _Invest in yourself_.....one sure shot way to increase the earnings.

Bottomline.... *My ten on Money in Life*

_Earn Money_

_Save Money_

_Invest Money_

_Multiply Money_

_Spend less Money_

_Don't borrow Money_

_Greed drives away Money_

_Fear also drives away Money_

_Cautiousness averts losing Money_

_Take appropriate advise on Money_

Let your children / grandchildren know the _*importance and place of money in our lifes*_

_*Eclipses, Investments & Beliefs*_

Every now and then, we get to see the solar and lunar phenomena...the Eclipses

Many *belief systems* (some true & some ridiculously false) are followed during the time frame of these Eclipses.

The truth....

Earth doesn't stop rotating / revolving

So does the time ... It doesn't stop

Celestial bodies... All continue to do their works

Sun ... Keeps doing his job

Moon ... Keeps doing his job

But, somehow we humans happen to stop going through our normal lives during this period of the Eclipses.

Personally, i feel it like responding to the *stock market phenomenon of volatility* which keeps recurring every now & then.

We tend to *react* to things which are beyond our control. Sometimes, it's called *precaution*, but the sanity of mind is lost most times, in the garb of precaution. 

*Celestial bodies continue do their work*

*Volatility continues to do it's work*

*We need to go out lives as is*

_*Aging, Portfolio & Wisdom*_

In life....as one keeps aging, there is *No Guarantee that one's wisdom levels have gone up*

In Investing.....as the Portfolio ages, the *Elasticity / Wisdom of the portfolio* to remain within a specific range of returns (maintaining the balance) is extremely strong

Most people, neither understand the former nor the later 🤷🏼‍♂

_*Seat Belts, Airbags, Spending & Asset Allocation*_

_Seat belt & Airbags are life savers in an unfortunate accident on the highway of driving_

_Need based spending & Asset Allocation are the financial life savers on the highway of a comfortable money life_