Everyone has equal amount of wealth per day till they exist in this universe
Do you agree ?
Yes, most people think the wealthiest person on this planet is the one who has more currency, the expensive car, the beautiful bungalow and so on. Let's think this way, if a person has 100 Billion dollars in his bank account and he does not have time to spend with his family or friends and that money remains still for years. what's the point in having that $100 Billion
Yes, Time is wealth. Everyone has the same amount of wealth per day till they exist in this universe. The other materialistic options are available in this world and those can be used or gained by people who manage time effectively and positively
Let's consider this in Stock Market, the Indian Stock market (Equities and Derivative) working hours is between 9.15 am till 3.30 pm from Monday till Friday (except holidays) for everyone. Does everyone make use of this time the same way. Some make profits and some lose. This is about how we make use of our time to gain materialistic wealth. So planning how to make use of our time (the actual wealth) is most important in financial world
- It deposits Rs.86,400 everyday in the morning
- This account will carry no accounts from day to day
- This account will not allow you to keep any cash balance
- Every evening, it cancels every amount whatever you have failed to use during the part of your day
- You can't take any loan using this Bank Account
What will you do ?
Infact, everyone has this Bank Account in this universe. Its Time. Everyone is given with 86,400 seconds everyday and its up to you how to use it. If it is not used properly, its a loss for you and not for anyone. You can't blame anyone either. In this materialistic wealth generation process, the natural wealth given by this universe is the key. The one who use his Time effectively and efficiently gets the materialistic wealth
In Equities (Investment), its about giving the maximum time on the quality stock / business to get the maximum return. Time is your friend here
In Options (Derivatives Trading), its about giving the time to decay itself to get the decent premium. Most people fail here by having the greed of getting more premium on less time. For a stipulated expiry time, one should understand the decent premium he could gain and work towards it
Let's complete this blog with a small story. There lived a king and a lazy man. They were close friends. No one gave this lazy man a job since he was lazy. The king likes this man very much and he wants to give him an opportunity to come up in life. The king told the lazy man, he can grab whatever he wants from his palace till the sunset and make use of it to come up in life
The lazy man was at the height of happiness and went to his home and told his wife. His wife asked him to go and grab all the gold the king has. The lazy man said, he wants lunch first. His wife made him great lunch, he had it and slept for a while. Later, he woke up and started walking towards the palace carrying 2 big bags to bring the gold
He felt very tired in walking and sat for a while under the tree and took rest. Then he started walking again and when he reached the palace, it was sunset and the doors were closed. He could not get anything. This lazy man did not manage his time properly. If he would have done this, he could have got everything what he wanted for his entire life time. He would have got the materialistic wealth using the natural wealth properly
Have a Great Day
B G Nareshkumar
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