dear viewers welcome to this episode of your life your money everybody wants to be a good investor how do we describe a good investor who can be a good investor who can't be a good investor what are the metrics we can apply to say that you are a good investor in this episode I'm going to take you through several points which you can check yourself and see whether you are a good investor or there is scope for you to improve this is NR money clinic for you and I'm Dr Chandra kber your financial guide for
a happy [Music] living NRI money Clinic no hype just the right advice who is a good investor this is a difficult question to ask how do you describe a good investor a person who makes a lot of money is he a good investor somebody wins a lottery and gets a big chunk of money is a good investor somebody who is a do it your self investor is he a good investor somebody takes the services of a financial planner somebody invests in mutual fund somebody is exclusively an FD investor somebody makes tons of money by investing
in real estate who is a good investor how do we say that you are a good investors let's try to find an answer for this particular question in this video I'll give you a few of the filters and ask you to think you can also leave your comments in the comment section below you can agree you can disagree you can give your opinions yes I agree or I have a differing View and I will be listening to you as well please do drop your comments and let me take you through a few points with you
to share now number one a good investor is the one who reaches all life goals the purpose of investment is to make sure that you will reach all life goals whatever could be your life goals you want to pursue education you want to travel around the globe you want to give out something in charity you have to have a robust retirement Corpus you want to educate your children in specific universities colleges whatever it could be if you are able to reach all life goals at the end of specific periods of time then you can call
yourself a good investor to reach life goals you don't have to have a very lofty life goals let's take the example of a house everybody wants to have a house somebody wants to have a palace somebody wants to have a villa somebody wants to have a five bedroom house somebody should just have one house for him to leave your dream is proportional to what you earn but nevertheless everybody needs a house even the person who is earning a small amount of money if he's able to reach that life goal of owning his own house he
can say I'm a good investor I have made it happen it doesn't matter whether you invest in ABC different asset classes or you do it only in an FD or you don't even bother about it you still reach your life goal I would say you are a good investor the first thing that you have to make make sure is reaching the purpose of investment that is reaching your life goal if you are not able to reach your life goal or you get compromised or you take risk or you get into a a situation where you
can't reach each and every life goal irrespective of the instruments that you choose you cannot be set to be a good investor so the point that you have to remember here is when you are investing make sure that each and every life goal of yours is reached number two a good investor is the one who leads a balanced life who leads a happy life at the end of the day if you evaluate all of us work to create that happiness in your life you invest your money and in the process you become unhappy for whatever
the reason I have less money I wasted my money I took unnecessary risk I did not make use of the best of opportunities I didn't learn If it creates unhappiness in your life then you can't be called as a good investor you have to strike a balance between all the things that you need your primary life involves around two things one your family life second is your career your financial works is the third dimension of it you always juggle between these three if you're not able to strike a balance between these two the your primary
family life and your career then your financial life can never be a good one it's always a compromised one your happiness comes from your family your primary earnings comes from your career you must give the required amount of time to these two activities what do many people do they focus so much on finance they focus so much on being do it yourself they are not happy and they compromise their family life and their career and their financial life gets compromised think about it what's happening in your life if you have a balanced life if you're
a happy person and you are able to strike a balance between these things call yourself a good investor Point number three a good investor is the one who efficiently uses his resources whatever could be the Quantum of money that he has but he will use it very efficiently one thing which has always posed in my life is there are lot of people who earn lesser but they create a nice Financial life and there are a lot of people who earn a lot of money but still they mess up their life what's the difference between the
two it is the allocation of resources efficient use of resources one thing I know when the resources are limited people use it efficiently when the resources are too much they try to waste around it so very essential to know here is how do you use your resources I have certain amount of money how much will I spend on my needs how much will I spend on my wants am I living within my means am I borrowing too much or I'm still able to save so these are personal traits if you are able to allocate your
money in efficient way then you can call yourself a good investor check yourself how do you spend your earnings and find an answer yourself Point number four good investors nicely compartmentalize their savings what does it mean whatever that could be their savings they nicely bate into different life goals this is the money I have kept for my retirement this is my emergency fund this is the money I am keeping it for my son's education or daughter's education they clearly compartmental Li they may use banking is mutual fund any product that's fine but they ear Mark
the money month after month they know where this money has been kept they don't utilize this money for anything else other than for the set purpose it is absolutely essential for people to compartmentalize their investment it has multiple advantages when you compartmentalize you know the life goal for which this your money is working you know when you need this money is this money required in 2 years 3 years 5 years 10 years 30 years based on the tenure you can adopt your strategy how your money has to be invested and in which instrument if you
do not compartmentalize your investment and put everything in one basket make no mistake it will not work in a efficient way if you haven't done a compartmentalization this is the time you do compartmentalizing you don't not know how to compartmentalize take the help of a financial planner they will efficiently help you to compartmentalize your investment if you're looking out for some help you can make best use of services provided by EXP experts in NRI money Clinic how can you reach to us very simple our numbers are given in the description box we have provided a
link over there just click on the link it takes you to the WhatsApp send us an exploratory message tell us what you are looking for and our team of experts are ever ready to help you why delay send that message now Point number five a good investor is the one who maintains open mind open mind is the basic fundamental need to be a good investor if you have a closed mind if you try to be identified in some Camp I should do only Futures options I should do only stocks I should do only mutual fund
I should not do anything other than real estate then you create a tilt and then you can become a victim of wrong choices that you could be making always listen to people always read apply your common sense you don't have to buy into my argument or a television anchor argument or some articles which say or some YouTubers say always apply your mind and challenge from your Common Sense your common sense always guides you Common Sense will never let you down don't get into any kind of dogmas remember it's a very Dynamic word something which is
a bad today can become good tomorrow something which is good today may become toxic some other day I have countless stories to tell on this but for want of time I'll not get into the details remember don't get hooked on to any particular thought be free flowing challenge find an answer yourself if if you are an open mind the end result will be you will be a good investor number six a good investor is the one who do not react they are always prepared they have planned well a good investor will not react to What
happens around him Market crashed I'm worried markets have become moved into a bull run so I have to borrow money I have to pledge Jewels belonging to my wife and invest in the market that's the way you react to the surroundings a good investor never reacts he's always prepared he has a plan he has a tenure in mind he knows what can go right he knows what can go wrong in the worst circumstances what might happen how is he prepared how much is my emergency fund everything is planned he does not react to what's happening
the events around him what noises come around to him he does not he doesn't listen to the music of the Season rather he has a game plan in mind that's what I said when you have compartmentalize when you have put a strategy around it it means you are prepared you know the route on which you are going to travel you know it's not going to be a smooth Journey on the way there could be upheavals and you know how to challenge it a good investor is somebody who will not react ask yourself how many times
you have reacted how many times you are disturbed by what you see on the television or in the newspaper if that is making you worry then there is a lot for you to learn before you become a good investor Point number seven a good investor knows money has limitations many people work in such a way that money is the only thing in life I remember reading somewhere somebody said he is so poor that the only thing that he has got in his life is money money is useful money is basic essential of Life everybody should
have adequate amount of money but just because you have a lots of money that does not solve all problems of your life that does not give you all the happiness in life there are things which money cannot do for you the moment you realize this basic fact in life you're approach towards money the way you handle money the importance you give it to the money that you earn or accumulate will completely change remember money cannot solve the problem but money is the basic necessity how do you balance this thought it is left to you if
you are able to balance find happiness in your life give the due importance to the money and don't give undue importance to the money aspect of your life if you are able to do it call yourself a good investor dear viewers hope the video that I've done gave you some points to ponder if you like the content of this video do not forget to give me a thumbs up if you are somebody who is yet to subscribe for the channel or if you have not yet subscribed for the Channel all that you have to do
now is hit that subscribe button press the Bell icon your subscription matters for us your love is expressed to us through your subscription please do subscribe do not forget to share these videos with your friends and relatives near and dear ones and all the WhatsApp groups on which you are connected with thank you very much for watching this episode on N Money Clinic I shall be back with you with yet another thought on your life your money next Friday till then stay safe Jin press the Bell icon for more details and subscribe our Channel [Music]
