A smart investment has the potential to change our lives, providing us sufficient funds to live our dreams. Today, most of us have an investment portfolio comprising of a number of investments, be it stocks, gold, bonds, government schemes, etc., but one of the most underrated investment in recent times remains to be real estate. Given the huge economic boom in most Indian cities, the average income has increased, providing added incentives to invest for the future and real estate could be the ideal investment choice for you.
Let us start discussing this topic by first understanding what financial planning means(FP)
FP is a step by step approach to meet one’s life goals.
Also let us first try to understand the significance of FP and how early should it take effect in one’ life and what does FP mean to a common man?
Work brings you money –> money buys you assets –> Assets bring you wealth –> Wealth buys you freedom
Waking up without an alarm, without any rush, planning the day out as you please, working on your own terms, taking a break whenever you feel like it, exercising whenever you want, spending time with family and friends, living each day on your own terms without having to worry about money, that is true freedom.
Financial freedom gives you that certainty, the assurance to be able to provide for yourself and everyone you love.
Achieving financial freedom is not easy, you need to be prepared for it
Being positive is a state of mind, which most of us either fail to understand or are unable to inculcate. It is not easy to feel positive all the time, it takes lot of effort and perseverance to live every moment of life with a positive attitude.
What is positive thinking? Well, channelling your thoughts when in a not-so-great situation to think in the right manner is positive thinking. When in a situation, our mind and thinking tends to panic, resulting in negative approach towards the situation being faced. All one has to do in such situations is to try and remain calm and let the mind do its work to come up with a solution.
I think every kid needs to have his / her own reading ambassador, it could be their parents, teachers or one of their friends, mine was my middle school English teacher, “she encouraged us to read excellent books with great storylines, she would even make us enact the stories from our Non- Detail Textbooks, we’d envision it first then think about how to enact it and bring it to life. This practice not only helped us learn better but also improved our language skills and creativity.
Reading for fun is a cognitive exercise, one that is both enjoyable and beneficial. Even light reading provides a host of benefits, increasing verbal and creative skills, nourishing our capacity for empathy, and even reducing prejudice against stigmatized groups—all skills that are developed as readers become accustomed to inhabiting unfamiliar worlds, seeing things from new perspectives, and contemplating how a chain of events can lead to unforeseen outcomes
Covid is still a threat and the city is on lockdown again. Which means schools, gyms, play areas, etc will remain closed, kids and teens are severely advised to stay at home, due to which the usage of technology has increased, they are online more than ever, attending school from home, catching up with friends via video calls, browsing through social media, streaming videos on YouTube, NETFLIX, etc.
While some forms of technology may have made positive changes in the world, there is evidence for the negative effects of technology and its overuse, as well.