Many people tell me they wish to do a lot of things, visit a lot of places, but they wonder whether they’ll have enough time and money to achieve all those dreams. The answer to the first doubt about “time” is quite plain. We are living longer, and we’ll certainly have a lot of time post retirement to pursue our hobbies and wishes once we are free of our full-time jobs. The second factor of money is a tricky one. We’ll need enough to adopt a lifestyle that lets us do whatever we like. The best way to control how money works for you is to exert your control on it early. Be proactive in following a few steps, and you’ll realize how the benefits are far-reaching.
Don’t Lose Sight Of Your #LifeGoals
Doubts appear big when you have forgotten how much bigger and infinitely precious your goals are. If you have your eye set on your dreams, it won’t matter that you have no experience of the goals that you ultimately wish to pursue. When I was growing up, I didn’t know a thing about travelling alone. I learnt on the go and gained confidence when I started doing solo trips around India and the world and discovered that the doubts were only in my head. When I did my first solo hike in the Austrian Alps, I was scared of being attacked by a wild animal or losing my way. But I returned to the base that evening unscathed. And I’ve observed a similar trend with most of my former doubts which I have lost by pursuing my dreams.
Take Help And Ask Around
I was all by myself in New York City last year, intimidated by the giant buildings, supersized food-portions and the swarms of people from (perhaps) every country on the world map. But I eased into the NYC culture when I started talking to the people around me. They were much friendlier than I thought they’d be. To the common man who probably fears making bad investment decisions, it would be a good idea to take advice from the experts. All of the time that I’ve spent travelling has not made me poorer financially, only richer experientially.
Put Those Thoughts Of Uncertainty Aside
Many of my friends are nervous of undertaking adventure sports because they fear losing a limb or something even worse. If you are so afraid of death, it makes even more sense to realize your dreams as soon as you can. If you are just worried about not being able to provide for yourself and your family in your golden years, plan for those times now! Only last month, Bajaj Allianz launched a unique ULIP that provides return of life cover charges for life maximizers. The product – Bajaj Allianz Life Goal Assure is designed to reward the policyholder for outliving the maturity period by returning the cost of life-cover when the policy matures. And if you choose to receive the maturity benefit in instalments over 5 years (and not lump-sum), you get a return enhancer of 0.5% of every due instalment. And of course, your money still remains invested in the fund(s) of your choice! When you have taken care of your old age, will you still be afraid of death?
Don’t Wait For Your Best Friend To Do It First
I often notice that people are unreasonably hesitant to be the first to do anything, even if it is as innocuous as watching a new movie which hasn’t been critiqued yet or eating at a newly opened restaurant which hasn’t been reviewed. Do you even know how wonderful it feels to be the first to do something? When it comes to investments though, you must be careful. Put your earnings only into a product which is managed by an institution you trust and that which has good fund managers. Bajaj Allianz Life Goal Assure lets you choose among 4 portfolio strategies and gives you the flexibility to switch unlimited times between funds (you can choose from 8 available funds). Besides, benefits are maximized for long-term investors and there’s the element of convenience, thanks to the facilities that can be availed of online through their website. Being a life-insurance ULIP, the product also gives you tax benefits under section 80C and 10D.
Experience The World With Childlike Wonder
The older we get the more morbid our thoughts become. Why don’t we look at children who are always excited about little things, enjoying the company of their friends and strangers, and happy with very less? They know that life is valuable and holds a lot of promise for them. If you trust your days to bring you cheer, will you still be sullen?
Are you avoiding chasing your dreams because you fear something will go wrong?
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This a very thoughtful post. In an Indian middle-class society, the biggest fear we face is “What’ll others say if I fail?” This one is enough to quash many dreams- be it travelling full-time or taking the route towards entrepreneurship. 🙂
Thank you, Jheelam! 🙂 We need to fight the fear of failure. It’s not such a bad thing to fail. You only learn better ways to achieve your goals.
Thank you, Rajiv! 🙂