With a copy of Roald Dahl, I sit pondering when will the time come to introduce my toddler son to it? In no time, my thoughts meandered…
I attended an amazing interactive session last week for moms. It was about how to become moneywise. In an open chat, moms asked their money doubts – what are different investment avenues, what is more rewarding between bonds and stocks, how not to fall prey to mis-selling, what is more rewarding between bonds & stocks, how much do they need to secure children’s future so on and so forth. The questions kept darting at our lovely speaker Srishti as she gave balanced responses to them.
For me, what stood out was Srishti’s opening talk about how momeys should not be afraid to invest themselves. As a case in point, she narrated how her friend acted on her advice and decided to make some prudent investments. She at first egged on her husband to do it. The busy husband agreed, although could not prioritize investing over a hundred other things. Finally, one afternoon the friend ventured and made her maiden investment online. I heard this and gushed with cheer in my head, almost imagining a victory speech by the friend.
Bet it wouldn’t have been easy for her. Humongous clouds of doubt, questions about the choice of investment, fear of losing the money, inexperience, chances of husband’s disagreement to worries about submitting personal documents – the friend would have battled multiple aspersions. What she did was commendable and a learning for all of us – All of us have the power to accomplish if we have the will (of investing :))
Yes we really do!
My second point is ‘Be the Change’. Since we carry so much power, we should use it to be the change. Often future planning and money matters take a backseat with so much going on per day basis. We, as a family put aside money without assessing requirements or following any system.
Momeys can take a step and influence the entire family. We manage the budgets of our homes without even flinching. So, if we consciously try to make financial planning and investing a routine, we will definitely meet with success. Our resolve to invest will be a huge help to husbands who have to bear the burden of saving / investing adequately for present & future and extended future – retirement.
A bright way to look at it is that with a thrust on investing we will also lay a very strong foundation for our children – they will not just benefit from our investments but also develop a keen eye for pay-offs.
Tch tch! Back to The best of Roald Dahl 🙂