1) We grew up thinking “I will work till I am 60”
2) Retirement Age in company contract was also 60
3) Starting Salary was high
4) The road looked rosy
5) High salary induced high spending
6) Credit Card companies and the world around encouraged to live a good life from the beginning
7) Living well from the beginning isn’t a bad idea provided you are well prepared to sustain living standards
8) People kept enhancing standard of living but neglected standard of investing
9) Big assumption was “this momentum will go on and on”; increments and salaries are here to stay
10) And an MBA from a Premier Institute is the license to a happy life
11) But things don’t work in this manner
12) Businesses do depend upon people. That is one part of the equation. The other part being Businesses depend on other aspects too like competition, trends, management, technology, disruptions (usually technology), cost of business activities
13) So if companies fall for reasons that are beyond the efforts of Employees, can intelligent and capable Employees make the ship float?
14) The ecosystem changed. Technology disruptions made smaller and leaner competition mean that threatened bigger enterprises. Cost management became critical. Productivity became the tool for sustaining Wealth Creation
15) Davids became more and more powerful and made Goliaths more and more unwieldy to manage
16) Artificial Intelligence threatened to take away jobs
17) A young demographic population brought in educated and competent work force to replace the old, outdated and expensive Employees of the past. And then came the Pandemic and lockdown which accelerated change. Video conferencing and webainars came of age and started demonstrating productivity gains. They killed jobs and careers in one telling blow; the forced Social Experiment of the Lockdown has been a watershed Moment for mankind
18) Suddenly 40 started becoming the new 60
19) Career spans of a Corporate Employee looked like that of a celebrity; short but high paying versus low paying long career spans
20) The high initial salary now seemed like a curse as it had encouraged spending instead of investing as no one anticipated the journey to be so short
21) High EMIs and standard of living meant that surviving without the job became unthinkable
22) The Fear of Losing the job led to stress, heart disease, diabetes, hypertension
23) The absence of Money Knowledge at such times could even cause premature death and unwanted misery
24) However, guidance on money management can ensure smooth cash flows and a good life
25) We often underestimate the power of our money
26) The Solution based on Liquidation of Assets, Investment, Systematic Withdrawals, Bucket Strategy, Market Price Algorithm based Rebalancing can not only provide the remedy but also ensure that basis lifestyle is not compromised
27) Understanding the character of money, it’s various forms, it’s management, it’s multiplication strategies is a prerequisite for one and all
28) We live life balancing and managing several relationships because Relationship is the most basic Instinct of human (homo sapiens)
29) However, in all this network of relationships we forget to focus on our relationship with money
30) Money is our best servant. It works for us tirelessly. Never demands leave or any other perks. Never consumes any resources. It only knows to give and only give.
31) All it asks for is a little bit of seed money and a few years of nurturing and thereafter you have the tree of money that can bear fruit tirelessly under any weather conditions
32) All other relationships may fail but money never fails you
