Why is your personal finance outside your control
“I’m a safe investor, so I invested it all in fixed deposits, the return I did not even beat inflation, so to beat inflation I invested in the stock market but now the market is crashing …”
“I keep a substantial emergency reserve in liquid funds I do not have an emergency situation for 3 years The liquid fund where I keep a substantial emergency fund does not give me a good profit So I invested the money in a small property. have an emergency and property is not easy to be liquid … ”
“When I look back at my investment portfolio, sometimes, I feel that I am not getting a good rate of return and start investing in aggressive investments, then I feel that I’m taking too much risk …”
Is there a voice above that resembles you?
Why manage your personal finances out of control?
Why are you always a dilemma? Why is your personal finance outside your control
Why can not you make a confident investment decision?
When things get out of your control, you feel less confident and you’re in a dilemma.
Lesson 1: You have control over your financial and personal investment decisions. But you have no control over the consequences of your financial and personal investment decisions.
Lesson 2: The timeless financial principles and personal investments have control over the consequences. I found 2 lessons above after studying and reviewing hundreds of investment portfolios.
Putting lessons into perspective:
Let’s put the lesson above in the right perspective. You have control over your investment decision:
You can choose to invest in Fixed Deposit or Equity Mutual Fund. You have full control over this option.
You have no control over the consequences: Why is your personal finance outside your control
Deposits still beat inflation or a stable market is not under your control. The consequences are uncontrollable.
The Eternal Investment Principle controls the consequences:
Here are some principles that control the consequences in our example; a) Safe investment will not result in a higher rate of return. b) High return investment will be volatile.
This investment principle is timeless. They generate both personal peace and dramatic investment returns.
How to bring personal finance and investments under your control?
Now you can guess it. If you make financial and personal investment decisions on the principle of a timed investment, the consequences will be under your control.
So, leading to the next question, ‘How to make decisions always based on the principle of perpetual investment?’
Although the question seems difficult, the answer is simple. Make a principal-based financial plan. The power is in principle based on the financial plan.
Financial Plan – A Powerful Solution: To bring your personal finances under control, the financial plan is really strong.
I. Personal Finance Plan is built on your long-term investment principles, goals and priorities.
ii. Personal Finance Plans empowers you to close the gap between what you really want from your personal finances and how you actually manage your personal finances and make investment decisions.
I, I, I. Personal Finance Plans help you escape the tyranny of investment decision dilemmas and market moods and march peacefully toward your personal financial goals.
iv. Personal finance plans stop you from making decisions based on your mood or market mood.
v. Personal Finance Plans make you take long-term investment decisions based on your temporary emotions. It helps you make rational decisions.
vi. Personal finance plans provide you with a clear direction for making personal financial and investment decisions. Personal finance plans such as lighthouses that guide us whenever we need direction.
vii. Personal finance plans can guide us • How much security to look at and how much risk to take? • How much liquidity is needed and how much can be locked in long-term investments? • How much refund is needed to meet my objectives?
viii. You will stop making investment decisions based on advertising, sales promotions, scheme brochures; You will begin to make investment decisions based on your personal financial plan.