BLOGS

Wealth Consultant | Equity Fund Manager | Author | Speaker

Caution Long Post

I almost quit wearing Suit / Tie / Formal Wear / Leather Shoe for Client Meetings in the last two years. Of course, I do wear for my Formal Wear but only for my Speaking Assignments, Where I am meeting the crowd for the first time. People often ask – Being from a Financial Services advisory, how come you can be casual in attire, when you meet up your clients? Especially even when I meet them for the first time!!!

My answer to them is – Your Reputation Precedes before even you meet your client or prospect. I may be meeting them for the first time, but i am sure that they knew me through my Blogging, Social Media or through References from my clientele.


I strongly feel clients are focused more on what value you are bringing on to the table or How am i helping them to solve their biggest problem?


For Entrepreneurs, there is always a Brave New World is out there.

5 rules to achieve your Financial Freedom

Financial thumb rules provide helpful shortcuts and help us in making quick calculations and decisions.  You don’t have to have detailed spreadsheet calculations to choose right decisions.

THE 3% RENTAL YIELD RULE

Your property should generate an annual rental yield of at least three per cent of the property purchase cost. 

For example, if property costs Rs 50 lakh, your rent should be at least Rs 1.5 lakh / Annum. This is a loosely applied thumb rule, and the actual rental yields may vary wildly from one location to another. But a good point of reference nevertheless.

THE 3X EMERGENCY FUND RULE

You must always own an emergency fund that’s at least three times your current monthly income. That’s the bare minimum. You can go up to six months and keep building if you feel the need to do so. This is up to you. This fund will keep you financially stable in emergencies such as loss of employment, urgent travel, repairs, etc.

THE 20X LIFE COVER RULE

If you are buying life insurance, make sure that your sum assured can take care of your family’s income needs for the long term. Term Insurance is the most economical way to achieve this. If you are in your 30s or 40’s, the sum assured should be at least 20x your current annual income or more.

THE 40% EMI RULE

All your EMIs combined should ideally be no more than 40 per cent of your take-home income. For example, if your take-home pay is Rs 50,000, your combined EMIs should ideally be Rs 20,000. While few would stop you from going over this limit, you will strain your finances, lower your savings, and run the risk of defaulting on your EMIs.

THE 50-40-10 RULE

This is a ratio which says how much you should spend from your monthly income on fixed expenses such as rent, entertainment, etc  (50 per cent), EMI expenses such as eating out (40 per cent), and minimum savings and investments (10 per cent).

As the income progressive & grows then the savings and investment should be more than 10% – 50%. 

As these are general financial thumb rules — the most basic guidelines to better manage your money. Depending on your life stage, income, and life priorities, you may fine-tune these rules to achieve the best results.

Connect with me on 9841058689 to change your Financial Life.

Click this link to buy my book – Untold Wealth Secrets 

https://www.flipkart.com/untold-wealth-secrets/p/itmdf470e16874ad?pid=9789389080223&cmpid=product.share.pp

Sathish Kumar

Equity Fund Manager | Wealth Consultant | Author

Email: creatingwealthadvisory@gmail.com

Whatsapp / Call –  +919841058689

http://sathishspeaks.com/

http://www.assetplus.in/partner/sathishkumar

https://www.flipkart.com/untold-wealth-secrets/p/itmdf470e16874ad?pid=9789389080223&cmpid=product.share.pp

Follow these rules to achieve your Financial Freedom

How to Select a Best Financial Advisor

How to Select a Best Financial Advisor?

With the increasing complexity and sophistication on Finances, it is indeed important to have an qualified & expert on your side to make one’s money grow Faster.

It is even more compulsive because of the fact that the Financial Literacy & Financial Education is not being taught at school or in our academics

So, the question is how can you make the investing simple and make your investment journey less stressful, more fun and successful?

These are the 3 Skills are important when it comes to handling your most sensitive and confidential information called Money

Trust

Someone who can act on the best interest of you, and also who can understand and empathise how difficult you have put together this capital for Investment?

Ethics

Is the advisor going to be honest and transparent on your money? Does the advisor adhere to all the regulations, laid down by Regulators?  Does he have a loyal & Time Tested customer base? Does he genuinely disclosing all the performance of the funds and Stocks?

Expertise and Experience in the Financial Services

Check that the Advisor has 20 Years of Experience so that he could have seen Ups and Downs in the equity market.  Also check does the Advisor has good reputation, market acceptability and Brand Equity in investment Community? And finally does the advisor can travel with you for a Long Standing Relationship,  because you invest for a Dream or a goal which is 15 years or more, So it is very important that your advisor should also travel with you till you reach your goal.

So, it’s time to move on to a genuine and reputed Financial Consultant in order to boost your investment portfolio. 

Make the decision now!

One Call Can Change your Finance Forever

Take Your First Step Towards Smarter Investment Decision

Helping people to Increase their Networth and Wealth

Sathish Kumar

Equity Fund Manager | Wealth Consultant | Author

Email: creatingwealthadvisory@gmail.com

Whatsapp / Call –  +919841058689

http://sathishspeaks.com/

http://www.assetplus.in/partner/sathishkumar

https://www.flipkart.com/untold-wealth-secrets/p/itmdf470e16874ad?pid=9789389080223&cmpid=product.share.pp

 

 

 

Everybody wants to become financially independent. But very few actually get there, Why?

Wealth Creation is a very critical in everyone’s lives. You are no exception. However, the Rich and Successful somehow find ways to make what is an easier process and the becoming the Rich is simpler for them.

So, here i present top 7 mistakes that you should avoid.

Mistake 1 – Not Making a Budget –

We should always make a budget. We need to differentiate our expenses from savings, Most of the time we are focused on spending but not on saving, which is wrong. At first, we need to learn how to save then try to spend it accordingly. 

Mistake 2 – Not Creating an Emergency Fund 

Emergency funds are too important to deal with accidents, diseases etc. In India still 65% of Medical Emergencies are spent from our savings. Hence Buying Health Insurance & Term with Emergency Fund is absolute Critical. 

Mistake 3. Returns not beating inflation

Investment doesn’t mean just to keep money in your bank accounts. When your returns will be able to beat Inflation, that’s when we can say its an actually good investment. Mutual fund is the better option for this.

Mistake 4 – Not Having / Setting your Financial Goals

You need to set a goal before doing any kind of investment and for Corpus Creation. Bigger the goal, the bigger your earnings and returns.

Mistake 5 – Not Diversifying your Funds

The Thumb Rule of wealth creation says don’t put all your eggs in one basket. It restricts the damage to your financial well-being in case one asset class or instrument goes for a toss. 

The basic objective of diversification is to reduce your risk by spreading to different Asset Classes. 

Mistake 6 – Not Reviewing your Investments

Reviewing your portfolio is most often ignored and which can create major setback in achieving your Financial Goals.

It’s important to review your investment plan every 4 months. If required, you can make changes in your investment plan.

Mistake 7 – Not having a permanent Financial Advisor

People often take advise from their Friends, Colleagues, Neighbours and Relatives.

Leave the complex matters to Professionals.

The role of a financial planner is similar to that of a doctor. A financial advisor is a professional advisor who helps clients deal with various personal finance issues through proper planning and his expertise.

One Call Can Change your Finance Forever

Call me at 9841058689 to multiply your money and Create Wealth

Sathish Kumar

Equity Fund Manager | Wealth Consultant | Author

Email: creatingwealthadvisory@gmail.com

Whatsapp / Call –  +919841058689

http://sathishspeaks.com/

http://www.assetplus.in/partner/sathishkumar

https://www.flipkart.com/untold-wealth-secrets/p/itmdf470e16874ad?pid=9789389080223&cmpid=product.share.pp

Top 7 mistakes you must should avoid to become wealthy

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  • creatingwealthadvisory@gmail.com
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