means go the DIY way if you wish. Many go the DIY way by asking experts for free advice. I give a lot of free advice on many forums but I know it has serious limitations. Needless to say that you are responsible for what you do and will do over the years. Finally at about your age of 55 or thereabouts you will get the answer whether you were prudent or arrogant.
This is about the things we do and decisions we take. This is like a vast ocean. It ranges from my best friend making a great suggestion or someone from the in-laws’ side who must be obliged or here’s how he trebled and I want to do the same etc. This is not only restricted to financial decisions. It is also about being unnecessarily charitable like helping anyone and everyone monetarily who comes by knocking on your door be it relatives and friends. It is also about being extravagant i.e. spending when you are not able to afford. It is also about helping your children (above age of 20) to fulfil their redundant wants or wants that you just cannot afford. Remember no one gives a loan to fund retirement!
In matters to do with money many people are strangely waiting to accumulate a certain sum which is some sort of milestone they want to achieve. Their thinking is “When I have X amount of money I will think about planning.” Naturally they missed that poetry class in school which taught many of us that those small little drops of water make a huge ocean. This is a real problem. As many of you already know that this amount X keeps rising with your rising age and just like your shadow you are never able to catch it. The result of this? You already know I reckon.
There are some very simple thoughts I want to leave you with: start investing right now with whatever you have and find a wise friend who can be a good counsel on your money decisions. Do things