“Good evening, everybody. It’s great to be here with you today. Swamiji just explained how meditation can help you relax and de-stress. I would like to take that one step further and talk about how you can become financially independent and further reduce your stress.”
Siddharth spoke briefly about the importance of being financially independent and how it was important that they enjoy this journey. He also talked about asset allocation and the basic principles of financial planning.
“We’ll start by thinking about how we can simplify our finances thereby reducing a lot of stress in our lives. Let me start by asking you a simple question: What don’t you want as investors?”
The audience seemed a bit confused. Whenever they had attended such sessions in the past, it was always about what investors wanted. This was the first time someone had asked them what they didn’t want. There were a few moments of silence. Then someone said, “I don’t want an empty bank account,” amidst laughter.
“Yes, you are on the right track. What does it mean for you as an investor?”
“I don’t want to see any loss on my investment,” someone else answered.
“Excellent. That’s the answer I was looking for,” Siddharth exclaimed. “Let me tell you a…