1) Meditate daily- Studies show that more than 80% of people who are successful with health, wealth and wisdom are doing some kind of meditation daily.
2) Pay yourself first- Develop the habit of investing some portion immediately after getting your monthly salary or any other payment. How much? Start with a small amount and gradually take it to around 35% of your monthly income. SIPs are most wonderful for exercising the “Pay Yourself First” habit.
3) Set Financial Goals- Goals not only make your investments well directed, they also help you choose right asset allocation which is the most important element in any investment planning.
4) Mutual Funds- Understand mutual funds. They are easy to understand yet most effective in achieving financial abundance for you.
5) Live in the Now- Don’t remain obsessed with the market, investment returns, long term goals etc. Develop the art of setting and striving for future goals without losing the joy of living in the Now.
Manoj Pandey
CFP
