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“Baabuu Samajho Ishaare Hauran Pukaare Pam Pam Pam
Yahaan Chalatii Ko Gaadii Kahate Hain Pyaare Pam Pam Pam”
Chalti Ka Naam Gaadi which means that which runs is a Vehicle.. and it has a deep honest relevance. Actually in today’s time there is only one way to have your vehicle running fast and that is by being and staying wealthy, and just because you’re a mom now it doesn’t mean that this is not an option! It’s even more important now. Remember money is sexy.
No, you do not need to be an Investment Banker to increase your wealth. You just need to figure how to make money work at making you look sexy.
Have your “Independent” bank account and credit card – even if you’re married. Always remember your man is not your financial plan, and this is the starting point for your financial control. Once you start well, things will start moving faster and you will see the difference. Showing concern towards your future has nothing to do with feeling intimidated. It is not correlated.
Never lend money you can’t afford to lose – because chances are that you probably will. There is an old proverb, “Before borrowing money from a friend, decide which you need most.” When it comes to money ‘trust agreements’ can really get tricky and regretful. It’s much better to avoid such situations, which may have severe consequences to a personal relationship. I know women including myself who have lent money to so-called “close relatives and friends” and later felt anxiety about what the decision has cost us (monetary and relationship). In case your heart takes over, remember you are working hard to look sexy. Just saying.
Define your financial target just as you target your weight. How come there is a mounting pressure on losing weight and not investing for your rainy days? Strange. Isn’t it? It is good to contribute towards the running of the house, but to keep yourself always in the back seat can be regretful. It is a must to invest (not just “save”) at least 20% of your income in the basket of financial products (with right combination of FD, RD, Mutual Funds etc), which can beat inflation. And make you feel and look sexy!
Never sign any financial document, which you don’t understand. Take your time; everything doesn’t work on 2-mins noodles theory. Ask for the photocopy of the documents in advance, read it thoroughly, understand, discuss, clear your doubts and then sign. I know quite a few who felt targeted only because they signed in haste.
Negotiate for all the perks you’re entitled at work. You can’t be slogging equally to feel supplemental and underpaid? It is not wise. Give an attempt and bridge the gap. It is a level playing field where performance has to speak than anything else. First step could be start delegating; this may make the process little easier. As truly said by Lee Miller. “If you ask for too little, you can be sure, that’s what you will get.”
All the joint investments or property to be held in both names. Women are inherited jugglers – a daughter, a lover, a wife, a mother. So why delegate financial decision-making to your partner? If you can have so many working hands and deliver out of all of them so beautifully, why absent yourself when it comes to investment and financial decisions? Please don’t do this; It is indeed a very important aspect of your dignified life.
And yes all of the above are totally “key to get your vehicle running” so go ahead and be wealthy. Oops!! Look Sexy.