Just like any other subject, the very first step to learning about money is to read. Not just books, read the surroundings, read the happenings around and you can surely learn a lot about ‘what to do’ and ‘what not to do’ with your money.
If observed keenly, even animals teach many life lessons to the humankind through their inherent worth and value. Despite their freedom from financial concerns, many animals teach valuable money lessons to be treasured all through the life. Here we attempted to list a few of them that make us think big and think right!
Multiply money like rabbits. Compounding has a similar effect as of how rabbits multiply. Money invested through right channels and left untouched for long period, multiply amazingly. Just like how a rabbit would have nurtured billions already by the end of its lifetime.
Start savings like Gerbils and learn to handle adversities. Distribute your savings, to ensure that you do not lose fully if some adversity happens at one channel. Gerbils distribute food across several borrows to ensure that they are left with feed even if a critter feats on one of the stashes.
Learn timely frog-jumps. It is important to wait before hopping or jumping from one asset or investment to another. A jump too early or too late may sometimes make you pay high. Waiting a bit long, after assessing the market, for the right deal can save a lot. Just like how frogs are sure of their territory and make right moves.
Work like ants. Develop qualities like grabbing opportunities, saving through safe platforms, accumulating every penny with patience. Every drop counts, just like how ants accumulated food by patiently adding one grain at a time. It emphasizes on planning meticulously and implementing it patiently.
Shed old skin like snakes. Learn to start over and move ahead in life. Snakes undergo this process regularly. They go through this tough process of totally shedding the old skin and emerge sleek. Keep a constant check on current finances and re-plan the finances if the situation demands. Survive the dips in life through good financial planning. Assess your expenses, assets, and liabilities from financial instruments and get out of your debts, if any.
In conclusion, maintaining healthy money behaviors is necessary to lead a secured financial life. Approach online fiduciary-like ArthaYantra for expert personal finance advice. Holistic finance advice from certified financial planners helps every individual to realize financial goals.