It Is Not That People Who Made Most Of The Money Are Success, Infact SUCCESS are Those Who Attract Money
Not
now and not from now, it is from times immemorial. It always is believed
that ONE WHO HAS MADE A LOT OF MONEY IS
THE ONE WHO HAS BEEN AND IS CONSIDERED VERY SUCCESSFUL.
Is it that one who had made enormous amount of money and one
who is loaded with all the amenities and the facilities of the WORLD is
considered to be a very successful man.
Take a case. A person who
dies leaves behind a fortune of Rupees 600 million dollars for his only son who
is not worth anything at all. Would you call him as SUCESSFUL man after
sometimes he derives that.
What is success then .Can anybody in that manner and in that
matter define the TERM and the WORD success, then. Success cannot be really
defined in any manner except that if a person, she, or he, achieved something
beyond his imagination could be defined as success or if they do something beyond
the imagination could be termed as success.
In todays modern world success is taken as something which is
related to about making a huge amount of money , with all the amenities and the
facilities placed at one’s or their feet and with a command if they can do and
get do anything, then it becomes a case of success for them for the people to
say that he or she is a successful entity.
Success thus is measured in FINANCE and it is related to the
money and the materialistic entities or the things that one possesses. But the
question is- is that success. Is success is only limited to finance and
financial matter.
What
is financial success ?
Let us figure out by
any stretch of imagination about the Financial success.Is it earning more Income?
Is it that , or is it all about
generating best returns out of investments? I have seen many people calling
themselves well settled in life but still struggling with their money matters.
Well settled for them is to have enough money so they should not be bothered to
spend wherever they want. They want to have best of the best luxuries in the
world, want to go on exotic holidays, want best education for their kids, best
location house etc. And in the search of best they don’t shy away
from taking loans, in fact there so called well settled status gets them the
loan they want. And here they
start with their first step towards financial stress, which they are actually
presuming as financial success.
Financial
Success Does Not End’s Any Search For
Them - ::
This does not end their search for best. As most of their
income is going into expenses towards managing their lifestyle they are left
with very little surplus and thus starts looking for best investment products
which generates them best returns and when they don’t get the returns they
expect, leads to financial stress.
What is Financial success?
One really, at FIRST
ought to know the Financial success !!. What does it means is the first step to
know financial success . Financial success aided with any materialistic elements
or the tools cannot be the overall success of a man or a human being.
A person can have
millions of millions , but if he has failed to put his home and the house in
the proper order, however rich she, or , he , could be they cannot be counted
and termed as financial success in a relative manner and an overall success in
any case and in any manner.
Achieving
financial success actually means when your money begins to work for you and
starts generating more or equal to what you earn. You may call it financial freedom too. You are
financially successful .
I have followed
some of the patterns that I could figure out and consider it to be a Financial
success. Some of the illustrations of Financial success are as enumerated as
under-:
·
When you can buy your desired car without even thinking of Car
loan,
·
When you can go on exotic vacations without converting the
expenses into EMIs and worrying about your next month pay check
·
When you can comfortably pay towards your parents medical
expenses without stressing your family budget
·
When you have control on your spending and know what to spend,
where and why.
·
When you spend time on improving your employability rather than
hopping jobs to find a suitable/high paying option.
·
When you know that in your absence your
partner will take care of money matters confidently.
·
When you know that the education you are buying for your
children will make them a good human being besides a good professional.
·
When you know that even if your income flow gets interrupted
still there’s something to take care of important expenditures
Financial Success :: It
Is Never A “ FAST-WHIZ-ROCKET-SCIENCE ”
Attaining financial success is not a rocket science. You just have to do the
same things you used to do while you were in school. You had a goal, you were
focused on that goal, you studied with discipline and you knew there is no
short cut to success. You have to study hard to clear competition/entrance
exams or get into good college and the like. You have a mentor, you have a
defined curriculum and you know what to achieve.
I have studied some lines
on it by Mr Prakash Parikh who has written a beautiful book on behavioural
Science and Management and he has illustrated something which should really
convince a MILIIONS of them
by THOUSAND times .
Parag Parikh in his book
on behavioral finance wrote:
“ Successful people are simply those who make a habit of doing
what unsuccessful people don’t like to do. And what are the things that
unsuccessful people don’t like to do ? They are the same things that successful
people do not like to do , but they know that these are prices of success..”
Failures and the reason for the same-:
People fail because in life they do what is fun and easy rather
than what is hard and necessary. They do what is tension relieving rather than goal achieving.
This is true in financial life also. The inability to delay
instant gratification lead people to look out for loans while buying not so
necessary products. Investment for them is to make short term profits. Unlike
school or the college days, now they are
on their own so discipline is something the thing of past and is meant for
their children to have. They treat
spending as their right and saving as obligation. Without any goal in
mind they start with long term investments and withdraw for short term desires.
Using credit cards is something that excites them.
Shift Of Their “ PARADIGM ” Towards The Disaster
People in an attempt to
do and get everything end up in DISASTER and this is what they meet at the end
of everything. His is what they keep on doing and they spend all their energy
while and for doing these things that they do.
In an attempt to earn more and be able to spend like anything,
more and more, they run from pillar to post to earn money like anything. But in
all this they don’t realize the after effects of such behavior. They are slowly
moving towards financial disaster and not financial success. Below are some of
my thoughts on how one can achieve financial success. You can look at the life
of any financially successful person and see them following these 3 steps in
their lives.
1) . Where you want to go ? : First thing
first, spend time on yourself.
You should know what you want to achieve in life. What are the things that will
give you peace of mind, will keep you happy and are important in your life.
Financial life is a part of your personal life and there are many things that
money can’t buy, but still money is required for many things. In short set
goals and write them. Written Goals will give you a clear cut idea about what
to achieve. Also set a timeline to achieve those goals.
2) . Where are you right now ? :
Organize your financial records at one place to figure out what have you done
with your money in previous years. Note down all your bank balances, Insurance
policies, investment details, loan schedules etc. Also note down how much,
where and for what you had spend your most precious thing i.e. your time.
3 ) . How to reach where you want to go ? :
This is like when you have decided to appear for any competitive exam, which
books you should start reading and what strategies to follow to clear the exam.
In achieving financial success you have to embrace yourself with the concepts
of Budgeting, Cash flow management, Insurance and risk management, Investments,
Taxes and Estate planning etc. These are some technical names of simple things.
You must be hearing some of these names in your daily routine. Here again you
can either do it yourself by studying various books on these subjects or
following some blogs and asking questions on forums, also by attending
presentations and seminars on these topics. Or you can also engage a Certified
financial planner and Registered Investment
adviser who can hand hold you, make you understand the concepts,
pin point the mistakes that you are making and design a road map which
you can follow to reach out to your goals.
As they say- ::
“Successful people constantly learn and grow and not so
successful think they already know ”
Your financial goals and personal goals should be looked at
simultaneously, however NEVER at any point they should be allowed to
inter-collide or mix with each other No sooner that you allow to let that
happen, you will be at a state of confusion and that confusion would lead you
to many a wrong step that you would take and that will make yo very confused to
take an appropriate decision about yourself in any or many a way and manner.
That is for sure . Say for e.g you want to spend more time with your
kids or parents, but in that case you have to look out for job where you may
have to compromise on your income. You have to understand the impact and chose
what will make you happy.
Key To A Jump In
Happiness Index
Pic - :: Graph Of The Index Of Happiness And Satisfaction
Unlike your competition exam where you have to compete with
others and come out with flying colors, in
achieving financial success you have to compete with your own habits and
behavior. The results cannot be measured in numbers alone like how much
wealth you have accumulated, what return you are getting out of your
investments, but how organized and
peaceful your life has become. How confident you feel about your
future. You will see a jump in your happiness index.
The only sacrifice
you have to make in achieving financial success is to come out of your comfort zone and ready to accept and improve on to your
mistakes if any. It may bother you for sometime, but once it becomes
habit, you are on your path to financial success.
I am wondering what you
think of financial success. Tell me about your views in the comments section
below.
However let me tell you all- WITHOUT EVEN
EARNING ANYTHING MORE THAN 40 LAKHS OF RUPEES IN TOTO, IN MY ENTIRE PROFESSIONAL CAREER, I’M A VERY COMFORTABLE
MAN WITH SO MUCH OF ETERNAL PEACE THAT I POSSESS .
It is because I PREFERRED to do what I wanted and I put my money to get MY - PEACE of mind rather than all those things which would only add to my mental duress and stress which would have broken my heath for everything.
People if at all adore me, they do it for my well eing of the HEALTH I possess beside my overall attitude to always lean myself of choosing the most appropriate thing that I need to do rather than anything else.
I
REALLY BELIEVED ON THESE WORDS AND LINES AND DID FOLLOW IT TO HILT .
Success in a negligible manner , but in a and small quantity
always kept on KISSING MY FEAT- NOT my "FEET " .
As they say-:
“ LITTLE DROPS OF
WATER MAKES AN MIGHTY OCEAN ” …..
Without achieving anything like WINNING THE
CRICKET WORLD CUP or an OLYMPIC GOLD MEDAL IN HOCKEY, …….
I DID TASTE “ OCEAN ” OF SUCCESS …….
“ Those little drops of WATER
actually is my OCEAN of success ……though my POCKET
has always been SHORT of money ” ……
Regards and Thanks
Pics
Shyamal Bhattacharjee
Mr Shyamal Bhattacharjee, the author was born at West Chirimiri Colliery at District Surguja, Chattisgarh on July 6th 1959 He received his early education at Carmel Convent School Bishrampur and later at Christ Church Boys' Higher Secondary School at Jabalpur. He later joined Hislop College at Nagpur and completed his graduation in Science and he also added a degree in B A thereafter. He joined the HITAVADA, a leading dailies of Central India at Nagpur as a Sub-Editor ( Sports ) but gave up to complete his MBA in 1984 He thereafter added a Diploma In Export Management. He has authored THREE books namely Notable Quotes and Noble Thought published by Pustak Mahal in 2001 Indian Cricket : Faces That Changed It published by Manas Publications in 2009 and Essential Of Office Management published by NBCA, Kolkatta in 2012. He has a experience of about 35 years in Marketing .
This website is maintained , controlled and managed by OOK’S Technologies, by Mr Amook Vandan Yadav , Phone Number 8090848585 , Varanasi
Comments
Post a Comment