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Don't invest or re-invest all your profits into your business; have something to fall back on during those business bumps.
Even a small SIP regularly invested in a disciplined manner can prove to be useful in a time of need.
Even within a goal based plan, be aware that money invested can be used for another use if needed.
More than the importance of a particular goal being achieved, a goal based plan inculcates discipline which can prove useful in a later time.
Good quotes which are true and need to understand by investors
My learning was," Apart from investing in business, do something for your children too.".
Though funds were withdrawn in between because of business loss but the fact remains that goal based planning helped the client stay invested for 7/8 years
Investment is important whether for child or any other goals. This video embolden our thought processes. Thank you
Good insights Mr Nilish. Yes, SIP is the foundation stone of financial discipline. It differs from men to men.
GOOD FOR KNOWLEDGE
Nice one...
