Keep investing to stop wealth eluding you
for themselves based on what they might need. There are many reasons for that and here are three important ones in my view.
DIY Philosophy
DIY stands for “Do It Yourself”. This is a widely accepted philosophy and method of working. In matters of money people want to do things themselves. Perhaps 20 years ago this was fine and fair as there were neither as many options or opportunities. People seem to have accepted this general rule in perpetuity. While nothing is impossible and with knowledge there is nothing that cannot be surmounted one must realise one’s own limitations.
So by all 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.
Foolishly Emotional
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
Be the first to comment.
