Er Rational musings #365

Er Rational musings #365



Financial wisdom is every individual's singular choice. It's much more than simply 'Earning' n 'Spending' n 'Investing' and 'Earning more than Spending'. Every time.



Learning the naunces of financials alongwith the study of chosen field, is becoming vital. For our next-gen. For our youth. For our children. For youngsters.



My advice to them is three pronged.



~ 10% of pocket money to be set aside for investment.

~ 5% of pocket money to be set aside for buying books.

~ 5% of pocket money to be set aside for visiting places.



The youngsters should learn the Stock Market. And shares trading, buying, selling, futures n options.

They should study banking. And PPF n FDs n @ll.

They should keep a tab on Real Estate market. Flats land etc.



The children should read a lot. Lot of books. Varied subjects. Purchase those books. Avidly.



The children should go places. Grasp every minute detail. & etch on the memory.



Apart from usual studies ie college, tuition classes, exams, practicals etc. Apart from keeping oneself fighting fit. Apart from a lot many routine "rota".



Time? Oh yes, where is the time? Is it a tall order? Absolutely not.



इच्छा आहे तेथे मार्ग आहे.



Investing, Reading n Visiting places, is the tripod, on which, our youngsters can stand Taller. and Longer.



And maybe, a lot more Firmer...

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मिलिंद काळे, 6th February 2016