Make daily balance-sheet of your growth

For thousands of years people have been searching to find a way to accurately predict their future.

Some believe that the motion of the stars and planets influence our destinies. Others speculate that the lines on an individual’s palm contain a master plan of his/her life.

Unfortunately, none of these systems have a very high success rate.However, there is one way to predict your future with incredible accuracy.

The most effective technique for predicting your future does not involve creating a numerological chart. Instead it involves making daily ‘Balance Sheet’ of your time spent. Track your career growth on day to day basis.

‘Past’ and ‘Future’ are not under our control but ‘Present’ is completely at our command. Hence make use of the ‘Present’ to architect your desired ‘Future’. Future does not happen of its own, we have to work for it sincerely and with devotion.

Napolean Bonaparte once said “take time to deliberate; but when the time for action arrives, stop thinking and go in.”

It takes only 15 minutes to write down as to how your time was spent (making daily balance-sheet or the Daily Progress Report) and whether things that you did will promote your career. Ask yourself how it affects your finances and you life.

Ask yourself every day whether you are growing according to your dream plan.

                                        A quitter never wins, and a winner never quits.

                                                            — Napoleon Hill

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The above illustration depicts how your spending and saving habits makes you Financially Independent/ Dependent.

Case One- spend first and save the rest lead to financial failure.

Case Two- Save and then spend leads to financial dependence.

Case Three- Save & invest and then spend leads to Financial Independence.

Hence it’s not just about saving but investing in correct options. So choose what you want to be in future.

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Benjamin Franklin recounts a tale of negligence – for want of just a nail, the horse-shoe was lost and later, in consequence, the horse, the rider, the battle and ultimately the kingdom too were lost.

Applied to all aspects of excellence, even the ‘minute details’ are of utmost importance. A sportsman should bestow same attention on his practice kit as much as he devote to his fitness. A singer should focus on caring for his throat as much as he focus on his knowledge of music.

In business as well many legal battles are lost because at the time of signing the business agreements the minute details were not properly read.

If more time is spent in paying attention to minute details, the less would be the total time and energy that would finally be needed for its execution. This will also save us needless agony and frustration.The reason why a person who pays attention to even small details is successful because such a person also has the capacity to bestow extra care to bigger issues.

Lawrence Bell, the American industrialist said aptly, “Show me a man who cannot properly do little things and I’ll show you that man cannot be trusted to do big things.”

In this regard, Swami Vivekananda has also said “You have to grow from the inside out. Nobody can teach you, none can make you perfect. There is no other teacher but your own soul. You cannot believe in God until you believe in yourself.”

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Compounding is a disciplined investor's best friend. Through this technique an investor can reap greater returns. Compounding transforms your investments into an effective income-generating asset.

The basic premise behind this concept is that earnings from investments that are not spent but reinvested , over a period of time, can generate greater returns. Call us or email us to find out how we can help you.

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If you're lucky, your parents taught you this skill and if not, then keep in mind that the sooner you learn the art of delaying gratification, the sooner you'll find it easy to keep your finances in order.

Credit cards will effortlessly allow you to purchase an item, the minute you want it, but it's better to wait until you've actually saved up. Do you really want to pay interest for the next few years just because you want the latest smartphone in the market? If you want to keep your credit cards for the convenience factor or the rewards they offer, make sure to always pay your balance in full when the bill arrives, and don't carry more cards than you can keep track of. Call us or email us to find out how we can help you.

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