Action Plan - 2017

Hello Friends, How are you all ?

The 1st month of the year, January 2017 is completed, All of you must have finalized your Resolutions and already made an Action Plan for the same.

What Action Plan have you made for Simplifying your Financial Life in 2017 ? now what do we mean by Simplifying, Simplifying simply means keeping things simple.

As per my observation most of the People are busy finding the Best Instruments for their Savings and Investments, they are very fascinated by High Returns, and in this process they complicate their Financial Life.

Just observe our Life

• We get up in the morning
• Answer Nature's call
• Meditate
• Exercise
• Take a Bath
• Have Break Fast
• Go to our respective Jobs (Office/College/School etc.)
• Have Lunch
• After Working Hours come back Home
• Spend time with Family
• Have Snacks
• Have Dinner
• Go to Sleep

Now isn't this a normal Simple Lifestyle we have, is there any complication, (of course some of the activities may be in different sequence for some people)

In the same way can't our Financial Life be Simple, How ?

• Decide how much Money we require for our respective Financial Goals 
• Estimate what will be the Future value of these Goals at the Time required
• Estimate how much we need to Save / Invest per month to achieve the estimated Target
• Start Saving / Investing the respective Amount per month
• Once a year Review the situation of both the Goals and the accumulated amount

To start with just put your Money in Simple Products like Recurring Deposit with Bank or Post Office, Bank Fixed Deposits, Liquid Funds of Mutual Funds.

Simultaneously start learning about the various other options like Debt, Equity, Gold, Real Estate, understand how they work, how you can optimize your returns using the mix of these options.

Don't commit your Money to any Product or Instrument that you don't properly understand, Don't fall for anything that promises higher returns.

Keep things Short and Simple.

Thank you

Chandan Singh Padiyar