“There is a gigantic difference between earning a great deal of money and being rich”
– Marlene Dietrich
Another month, another net worth update! Boy o boy, what a month for India. No doubt by 2030 we will become third largest economy in the world. India is the place where all investors would love to be. Equity touching all time high, week after week. I am so optimistic for next 10 years if this governance continues. GST rolled out successfully. Invest in good businesses, don’t miss this opportunity people. Buy in on new businesses or increase you holding, any case this is a long journey which is going to create lot of wealth, just hop in!
Monthly snapshot of net worth
I have not transferred my income to offshore account again this month. Whatever the increase you see in net worth this month (70K INR), it is the answer for making “Money work for you”. Am just focused on reaching my target net worth for this year as soon as possible. Stacked 40K INR into our debt fund. No new investments, IRB Infra looks tempting! Below you can see screen shot for this month showing the breakdown. Again iterating, any correction in market is a buying opportunity. Data got interchanged between debt and equity fund in my earlier post which I got it corrected in below snap shot.
Make money work for You
Yes, this is what you all need to work on. If it is not working for you, then you need to change your strategy. Money has no emotions. As someone once said “I want to go to bed richer than when I woke up”. How well did your net worth do? Did your Money work for you? Mail me your views on making your money work for you. Indeed there is a huge difference between extraordinary earning and being rich! Being rich ain’t easy. Cheers to money!