Hello

Dear Investor,

 

RICH!!!  To my opinion, is a very strong word and is normally used very vaguely And its definition changes from person to person.

​

To me, Richness is more of a satisfaction a feeling of fulfilment of having something desired. We can be rich in relations, contentment, money, peace of mind etc.

 

But let’s discuss here one of the aspects which is being rich in MONEY.

​

Although, Richness in Money can rarely be achieved as we tend to redefine ourselves with the passage of time and achievement.

 

But yes, to be in general if you are able to meet your ends well and your Goals of life are well addressed, you can call yourself rich.

 

And coming back to your Question – YES mutual funds can make you RICH.

 

To become RICH you must have following well addressed components in your life.

​

1. Are you Saving before Spending?

2. Are you actually Saving?

3. Have you defined your financial life?

4. Are you aware of your Risk profile?

5. Do you have patience?

6. Do you believe in what you are doing?

​

There can be more components for you to this and we take them specifically if required.

 

Let’s discuss again each of these one by one

​

1. Are you Saving before Spending?

 

Savings before the spending is very easy to say and difficult to achieve particularly for the Middle Class and Below. In many cases the same is true for above middle class also.

​

Being a human being, we tend to value more which is tangible and visible like Mobile, TV, Pizza etc then the things which are not visible to us like clean air, our environment, our future Goals etc.

​

To my experience and narration, things which are not visible to us need more attentiveness than the visible things; as the tangibles can be managed by control but it will very difficult to manage the intangibles if they not planned well and they reach their inflection point.

​

It is hence very important to define our financial lives/Goals and allocate the required funds to them at an early stage. The best way of doing is to define the goal and name it like My son’s Education, My daughter’s Marriage Fund. Once it is named you are physiologically attached to the Goal and you will always try to achieve it and will never divert the funds.

​

With the same philosophy we have designed our Mybillions portal so that you never miss the financial intangibles of your life. Our system is so advanced that we will always be with you and will be guiding you with the changes required if any, at every stage of the Goal. With the help of our advanced system, you will always be aware of your Goal and its path, incase there is any diversion in the path you will be informed and we can take the necessary actions before it is too late.

 

2. Are you actually Saving?

 

Let me now give you a very interesting concept, the concept of saving.

​

SAVINGS – As a general perception, saving is the amount of money which we can allocate to bank/Mutual fund etc for our future use. But what we feel that saving is something more than surplus income which is allocated to future.

​

Let’s do it via an example:

 

Say you Earn Rs 100/- and your monthly expense is Rs 70/- then your savings is Rs 30/- as Rs 30/- is your surplus allocated income.

 

Now, if we say that instead of Rs30/- why not save Rs 35/- to the future kitty; while taking out Rs5/- you will have to do some maths again and may have to budget again and leave something out of the previous budget. Now, the extra saved Rs5/- is actually your SAVINGS, where you have done a little effort. This simple habit will not only increase your kitty drastically in long term but also keeps you at bay of impulsive spends. And I promise, this will not pinch you once in your lifetime.

 

3. Have you defined your financial life?

 

Defining your financial life is the easiest way to address the intangibles of your life. Just think and list all the important big expenses you can expect in your life, name them, define them and draw out a strategy to achieve them.

​

Looks very simple - right, but the problem with this that we are human beings and we tend to forget the same over the period of time or it gets unintentionally get compromised over time.

​

Our Mybillions system, is so advanced that it understands your physiology and your needs; will define the path and also inform the required steps/investments to be taken and manage it over time so that you never miss your need.

​

We will actually create a physiological hurdle for you to not dilute your Goals and keep you in control of all the goals with our expert guidance.

​

With the right Goal defined active market strategy we will not only help you create the goal but will also help to achieve the same, so that you do not get a surprise at the time when the Goal is supposed to be achieved. And that’s the most important part of this – RIGHT?.

 

4.Are you aware of your Risk profile?

​

It a very important aspect of you which we normally ignore all the times.

​

Defining yourself when you are investing is very important. Avoiding this may increase your risk which you cannot handle or you will miss the opportunity.

​

The idea of investing and investing itself should not create a pain in your life. As, you can well understand that each investment has its own way of working, risk and rewards; so, aligning ourselves to this is very important. You should now how much risk you can take and how you behave with the changes.

​

Many times we get drawn by the rising stars in the financial industry like crypto, equity etc. Please be aware that we do not invest to get kick, for kick have a Red bull or whatever suits you

​

Markets have it own way of charming and trapping you but if you are well defined in your life and going good for Goals, you will not find them very charming, and still if feel to have kick; go head and invest something over the Goals; so that your Goal always remain protected.

​

At Mybillions we always start with the Risk Profiling for you and will always advise you as per your Risk profile only so that you do not get a surprise in the journey.

​

However, as we live in a dynamic world you can always change your risk profile with us and system will automatically start behaving for the new environment.

​

5. Do you have patience?

 

PATIENCE – Maybe I am an old school but patience is easy to speak but hard to find these days. We all want everything and asap – Right?

​

One of the Key to become Rich via mutual funds or stocks or any other investment is Patience.

​

It has been found in our financial journey that most of us get impatient when we see less return in portfolio’s/investment or less return than the market and tend to take the wrong decisions and most of time get stuck in the different kind of market Traps.

​

If you have defined your Goals with us and is working with the strategy there a less chances of you entering such Bull and Bear traps.

​

Now the Question is WHY- why there is less chance of getting into trap when the goal is defined?

​

The answer is very simple your objective is not return your objective is fulfilment of Goal and this simple fact will make you less volatile and makes you more patient. And, yes; you will be do far better in your work and family arena with a patience mind. Just a little adjustment and you are done.

​

Patience not only makes you Rich but will help you being a better standout person both at work and family.

​

6. Do you believe in what you are doing?

 

Belief – We all have different Beliefs but do we really believe on them.

​

By nature, when our Belief is not strong, we tend to jump from one belief to other and we will always be jumping because the problem is not in the Belief its in the Believe. Moment we truly start Believing the things start shaping.

​

In the perspective of financial world, once defined and invested believe that this will happen and do not get out of the defined strategy just because it is giving you less returns. Many times, the strategies are shaped for Future and not for the instance. You may need some tickles here and there; and with Mybillions we will be there for that and will not let you miss the bigger picture.

 

To sum up, if you take care of all the above component – YES mutual funds can make you RICH very RICH.

And yes, do not forget to have experts like us to help you drive the things, because in this complex financial world things are not same as it looks.