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| Are you facing challenges in investment ? Is investment important in financial journey.. ? |
During our childhood, we learned a story about Cinderella and her adventures. Just have a small recap of the story Once upon a time, there was a beautiful girl named Cinderella. She lived with her wicked stepmother and two stepsisters. They treated Cinderella very badly. One day, they were invited for a grand ball in the king’s palace. But Cinderella’s stepmother would not let her go. Cinderella was made to sew new party gowns for her stepmother and stepsisters, and curl their hair. They then went to the ball, leaving Cinderella alone at home.
Cinderella felt very sad and began to cry. Suddenly, a fairy godmother appeared and said, “Don’t cry, Cinderella! I will send you to the ball!” But Cinderella was sad. She said, “I don’t have a gown to wear for the ball!” The fairy godmother waved her magic wand and changed Cinderella’s old clothes into a beautiful new gown and send her to the palace.
When she entered the palace The prince had fallen in love with Cinderella and wanted to find out who the beautiful girl was, but he did not even know her name. He found the glass slipper that had come off Cinderella’s foot as she ran home. The prince said, “I will find her. The lady whose foot fits this slipper will be the one I marry!” The next day, the prince and his servants took the glass slipper and went to all the houses in the kingdom.
They wanted to find the lady whose feet would fit in the slipper. All the women in the kingdom tried the slipper but it would not fit any of them. Cinderella’s stepsisters also tried on the little glass slipper. They tried to squeeze their feet and push hard into the slipper, but the servant was afraid the slipper would break. Cinderella’s stepmother would not let her try the slipper on, but the prince saw her and said, “Let her also try on the slipper!” The slipper fit her perfectly. The prince recognized her from the ball. He married Cinderella and together they lived happily ever after.
Lets translate this story into our personal Financial journey. Like thee prince we have to set a specific goal which we need to achieve, the shoe is the avenue we choose to invest and all those women who tried to fit the shoe are the wrong investments. Bad investments can be an enemy to your cash flows if not discarded and replaced with a more effective, growth oriented and appropriate investment option.
Are you facing challenges in investment ? Is investment important in financial journey.. ?
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You make like this : 7 Money Mistakes to Avoid to Grow Rich
Our investments have always been hampered with over cautiousness, fear of volatility and resistance to accept a change in the investment ideology. This is largely due to lack of awareness of the various options available for investing. We still end up doing traditional, non productive and obsolete investments which sometimes don’t even beat inflation effectively. So let’s find out what does an appropriate investment tool means and how it can help an investor in achieving the goals effectively.
Use these tips and key steps to help find an investment that’s right for you.
1. Review your needs and goals.
2. Consider how long you can invest.
3. Make an investment plan.
4. Diversify!
5. Decide how hands-on to be.
6. Check the charges.
7. Investments to avoid.
8. Review periodically – but don’t ‘stock-watch.
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