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Is Mutual Fund Investment Halal?

 

The Hidden Gems of Investing

 

The Hidden Gems of Investing

1) Say you earn Rs 1 lac salary as an Employee

2) You are dependent on your employer and hence obey orders and work in keeping with what your employer wants you to do

3) If the employer is a good soul, you can expect to be happy. Otherwise you can have a miserable time

4) So basically ‘Salary Income’ has external dependency

5) You can earn the same Salary of Rs 1 lac as an Freelancer

6) How is this different from the first example?

7) As a Practitioner or a Freelancer, you earn Rs 1 lac without any external dependency on an entity like an Employer

8) You realise the value of your core skill

9) You feel independent and experience more freedom

10) You feel more secured

11) There is a sense of realisation of self worth

12) You also start working harder to increase your income

13) So if you were working for 5 hours, you try to work for 10 hours to double your income

14) This is known as Practice Mindset. While it is liberating, it is also limited and hence gives birth to a Scarcity Mindset in the long run. Therefore may Practitioners like Doctors, Architects etc. go through a mid life crisis

15) In System 2 (Practitioner), you are on your own

16) In the first case you were like an employee in a large ship but now you are sailing a small boat all by yourself

17) The Boat may be small but it is yours and you need not listen to orders from within and experience Freedom like you never did in the past

18) Now let us look at a third case

19) You still make Rs 1 lac per month

20) But now you have built an organisation

21) You have hired employees, you have other business partners, you have built assets like an office, brand, systems and processes

22) You are now the owner of an Asset

23) The main difference in this stage is the opportunity to scale up your freedom which was limited in System 2 (Practitioner)

24) In the previous two stages, your income would have got adversely affected had you not gone to work

25) But in System 3, your Income continues to flow irrespective of whether you go to work or not

**Disclaimer: This Article is only for information Purpose and should not be treated as Financial Advice.

Get started with your investments here: Mutual Funds , Fixed Deposits

The Science of Spending Money

The Science of Spending Money:

1) If you invest money, it is one part of the job done

2) Investing for the sake of investing is mindless

3) It just does not add to the happiness quotient

4) The objective of Investing is first Protection ( Security ) - An Assurance that my money will outlive me - (some assurance that there will be spare money when I pass away)

5) This Assurance is then a source of happiness

6) Financial Planning helps you to learn this Science of calculating the cash flow of an individual based on his lifestyle

7) But is this the only happiness that money can provide???

8) Certainly Not

9) So let us look at some other happiness generating spending

10) Spending on Experiences produces happiness as against spending on buying stuff like expensive clothes etc like experiencing African Safar, experiencing World Cup Football, experiencing the journey to Mt Kilimanjaro, experiencing a cruise etc

11) Therefore some Brands position themselves as exclusives like Apple, Mont Blanc, Mercedes where the product is actually an experience

12) Another happiness spending is derived from spending for a good cause. Helping a community or being part of a larger than life cause of alleviating poverty or protecting the environment and so on and so forth

13) Whenever one is wondering whether he should or should not be spending money, he should ask 2 questions of himself

a) Is the spending helping me become a master in my art

b) Is the spending providing me the opportunity of doing something larger than life and solving a            bigger problem of people

c) Will this spending get replenished in a short time based on my passive income and wealth                    creation

14) If the answer to all the above questions is a big Yes, then just press the green button and release the green bucks

15) People who miss the art of spending usually are most confused and unhappy and do things like buying an expensive car in their old age when neither driving pleasure is a need nor is expression of self-image a requirement

16) A lot of people Die Rich and Unfulfilled

**Disclaimer: This Article is only for information Purpose and should not be treated as Financial Advice.

Get started with your investments here: Mutual Funds , Fixed Deposits