Strength does not come from physical capacity. It comes from an indomitable will. – Mahatma Gandhi
Today is Oct 2 , Birth day of Mahatma Gandhi .. and its worth to remember him and his teachings and his dreams about India and I will relate it to Financial planning . Keep reading .
Go through this youtube video with a famous song , “Vaishnava JanaTo” .. one of the favorite of Mahatma Gandhi
Mahatma Gandhi was a beeliveer in Freedom , not only for India but for everything
- Freedom from Poverty
- Freedom from Illetracy
- Freedom from Fear
Mahatma Gandhi beleived in “do-it-yourself” . He saw a dream of India to be a nation where everyone is capable to lead their life , every aspect of it without depending on others . We became independent 60 yrs back , but are we really independent in every area of Life . No !!
Are we Financially – free ?
Most of the Indians are still not free from what i call as “Financial-freedom” . It does not mean that you have enough to feed yourself without doing a regular job . It means that one still does not have access , knowledge and ability to take there decisions in life , I am talking about financial decisions , but its true for all kinds of Decisions in life .
- Not even 20% population has Life Insurance
- Forget Health Insurance , if you know what it is , you are GOD !!
- If you know what is mutual fund , you are in top 5 percentile in this country on Financial Knowledge
- If You know what is “Nifty” and can understand what is meant by its movement , you are a financial genius .
I dont know what is the duty of others in making this nation free from every thing , but jagoinvestor is my share of work to make other “Financially – literate” and I assume I have started well .
as William Morris said ” Have nothing in your houses that you do not know to be useful, or believe to be beautiful.” .
We have to remember that its true for our Financial Life also , If you dont understand it and dont know what is it , throw is away .. Hoping for a better future of India in coming years in all the fields .
Comments please .
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{ 2 comments… read them below or add one }
I agree with ur view that people are not fully aware how to invest correctly for future.This i m telling from wht i saw in family n relatives n freinds but can't say for complete india n other country people .
You r also correct awareness is the most imp thing which can help to overcome ur liabilities easily.
I am also not aware much but by reading articles trying to improve knowledge which will take time.
I learned some thing on Nifty PE(price to earn ratio) from ur blogs.Thanks for putting such articles.
@Yogi
Reading articles will take time , but what about the people who are not net savvy ..
Thanks