Slow and steady wins the race

Every time we keep telling invest in SIP and watch your funds grow, SIP’s have always given better inflation adjusted returns, etc. But we have always said in the long run and by long run we always mean 10 years or more. I read an article in The Times of India, some days back, where the financial planners were trying to convince two businessmen brothers to start a SIP for their children’s education which would be after 15 years. But they were both very adamant. For that matter all of us are. We have come up the hard way and managed to succeed with whatever odds we have faced. So we assume that we will still be able to manage.

What we forgot at that point of time, is that it is our parents who have bailed us out and done it with a lot of sacrifices and you are ready to go down the same route. It was only when the Financial Planner told them that after 15 years the amount would run into crores after taking inflation into account, they agreed. Why? Because they knew they would not be able to remove that kind of money out of their business at one go, without doing a lot of sacrifices. So when there is an easy way out why do you insist on waiting? Start a SIP today. The brothers did it and they were tension free, why? Because they were assured that now whatever happens to the business, their children’s future was secure.

Even when the market was down and their business was not doing well, they still had a smile on their faces. They had seen the results for the last 3 years and were assured. Frankly unless we start we will always be sceptical. Don’t you want a smile on your face all the time? The beauty of SIP is that you can start with as little as Rs. 1,000/- a month. I’m sure this is a very small price to pay for securing your children’s future and reduction of your tensions. In this article I just spoke about children’s education, but your goals could be anything, say marriage, retirement, own house, holiday, etc. Start now and secure your goal. Slowly and steadily you will reach your goal.

After all reaching your goal is equivalent to winning the race.