Common myths that will never let you grow financially.

Do you think that the beard around the mouth would stop a thirsty person from drinking? Or do you believe that this universe can kill the person who is willing to live?

Well, the circumstances could be different in each case but what you should know is nothing is mightier than the belief of a person. Practically, I have seen my father winning battles over death and keeping doctors in astonishment when his desire to live defeated his growing creatinine in the kidney, reducing heart life, increasing diabetes, painful hernia, and whatnot.

If we observe closely 98% of people around us, have been mistaking their lives with false assumptions about time and money.

Let me recall the phrases that you have been imitating or practicing.

"I'll Start Saving Money Later" 

And that "later" never comes. Well, delaying saving for the future can have significant financial consequences. Whether you make thousands or lakhs; your expenditures are always growing along with your income. So, it's wise to realize that the power of compounding means that the earlier you start saving and investing, the more you can accumulate over time. Besides, it doesn't matter if you save tiny amounts because it's also about setting a habit and training your mind to not spend.

"I Need to Buy a House to Build Wealth"

The truth is that buying a house can make bigger holes in your wallet than the bulky interest loan from the bank. While homeownership can be a good investment, it's not the only path to wealth. If you keep your emotions of permanent security aside, renting can be financially savvy in certain situations, allowing you to invest your money elsewhere. After all, nothing is permanent on this planet. So, how about giving it a second thought?

"I Don't Need a Budget"

You can be a small job holder and make great financial progress in 10 years. At the same time, you can be a wealthy child and become a beggar in 10 years. No matter your current status, not having a budget can lead to overspending and financial stress. Creating a budget helps you track expenses, save money, and achieve your financial goals. At least you will know where your money is going because many of us have no idea where all our money vanishes within the very first week of the month.

"I Have Plenty of Time to Plan for Retirement"

Time is magical. It neither stops nor waits for anyone. Have you realized how fast you've come to your 20s, 30s, or 40s while you just remember being in the last year of high school? In a similar way, procrastinating on retirement planning can leave you with inadequate savings. That is why, do whatever the hell you wanna do with your life: before it's too late.

"Credit Card Debt is Normal"

The truth is that it has been normalized by credit card sellers to benefit themselves from the loss that they cause you in the name of credits. Carrying credit card debt with high interest rates is undoubtedly costly. However, you can be smarter than such financial loopholes, and pay off credit card balances in full each month.

"Investing is Only for the Wealthy"

This is the most heard voice of middle-class mentality. The truth is that you don't need a large income to start investing. Many affordable investment options are accessible to people with various income levels. even if you have 1 thousand rupees, you can do your research and invest in that IPO. Let me tell you my secret; I paid my semester fee from the return I received from such IPOs.

"I Can Get Rich Quick"

My all-time favorite quote is "Rome was not built in a day." Believing in get-rich-quick schemes often results in financial losses. The truth is that building sustainable wealth usually requires patience, discipline, and consistent effort. So, just pause if you're going to throw away your money on that trending cryptocurrency in the market. Trends are not meant for longer dear; that's why they're called trends.

"I'll Worry About Estate Planning Later"

Again, there's no later. Life has soo many shits to trouble you that you'll never have a fully dedicated time to plan for your dream estate asset. Whilst, having an estate plan can lead to clarity and smooth legal battles for your heirs. It's essential to create a will and consider other estate planning tools sooner rather than later.

This is enough for my readers for the time being. Either agree or disagree, these are the common misconceptions that lead you to poor financial decisions and potentially hinder your financial well-being. Recognizing and addressing them might help make more informed choices and save time and money in the long run.

Dibyas' Magical Pie Shop

 

Once upon a time, in a charming village nestled between rolling hills, there stood a small pie shop known as "Magic Pies." The shop was run by an elderly woman named Dibya, who was renowned throughout the village for her enchanting pies that seemed to cast a spell on anyone who tasted them.

Every morning, Dibya would rise before the sun, don her apron, and set to work creating her delectable pies. The aroma of freshly baked pies would spread through the village, drawing people in from far and wide. Despite the fame of her pies, Dibya never seemed interested in making a fortune because she had a different priority - branding her pies with love and care.

The village, however, was not just any village. It was filled with people who were always in a hurry, chasing after money and success. On the other hand, they would often pass by Magic Pies on their way to more profitable endeavors, ignoring the little shop's magic. To them, Dibyas' dedication to branding her pies with love seemed foolish. "Why waste time on branding when you could be making more money?" they would scoff.

One day, a shrewd businessman named Mr. Ratna arrived in the village. Hearing about the magical pies, he saw an opportunity to turn Dibyas' humble shop into a money-making empire. As a result, he offered to buy the shop and promised to make Magic Pies famous far and wide. However, Dibya hesitated to make a firm decision, unsure of what to do.

Seeing Dibya torn, a young girl named Deepika, who had grown up savoring Magic Pies, decided to help. Deepika had always been curious about the magic behind the pies and believed in the power of Dibyas' branding. So, she approached Dibya with an idea.

Together, Dibya and Deepika transformed the shop into a place of wonder. They painted the exterior with vibrant colors, hung twinkling lights, and created a cozy seating area for people to enjoy their pies. Likewise, Dibya also began to share stories of the love and care she poured into each pie, creating a deeper connection with her customers.

As word spread about the new and magical atmosphere at Magic Pies, people flocked to the shop, not just for the delicious pies, but for the enchanting experience. On top of that, families came to celebrate birthdays, couples held romantic dates, and friends gathered to make cherished memories. Deepika even started organizing pie-making workshops, where people could learn the art of pie-making and the importance of infusing love into their creations.

With time, Magic Pies became a beloved destination, not just for its pies, but for the joy, love, and magic it brought into people's lives. Dibyas' commitment to branding her pies with love had created something far more valuable than money - a community filled with happiness and cherished moments.

And so, the village learned a valuable lesson. While money is important, it's the heart and soul poured into something that truly makes it magical. Dibya and Deepika showed that branding with love and care can create a lasting impact that goes beyond monetary gains, enriching the lives of everyone it touches.