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SIP is discipline that it puts in your Patience most of us take life insurance or health
investment as the pre-decided amount insurance covers, but the amount of
gets deducted from your bank account When anger kicks cover is usually not adequate. While
at regular intervals on its own. in, our body buying life insurance, you need to
readies itself consider the immediate, future and
“Someone is sitting in the to respond to a living expenses that your family might
shade today because someone perceived threat. have to incur in case a tragedy strikes
planted a tree a long time Our muscles you. You should not mix insurance
ago”- Warren Buffett. tenses, our and investment. Hence, the right
digestive processes stops and certain strategy is to buy pure term insurance
Experts: brain centers start firing in ways with adequate cover. Looking at the
that alter our brain chemistry. These increasing medical costs, one should
A medical functions reflect our genetically coded also plan to take health insurance for
specialist response to danger. Being calm to each member of the family. Critical
(expert) is most safeguard our health from the deadly illness insurance, personal accidental
important while effects of anger is simple recipe for our insurance and property insurance
seeking care well-being. should also be a part of every
for a specific individual’s insurance portfolio.
systemic illness or health issue. For In the field of finance, investors
example, heart diseases can be treated face information explosion owing “Insurance your best bet
with the care of a cardiologist while to internet. Fortunately, in the field against uncertainties.”
brain disorders may require the advice of finance, the less is better for
from a neurologist. becoming a successful investor. Periodic Review
Diversify broadly, keep costs low,
However, when it comes to taking rebalance periodically and be Regular health
advice on ‘finance’ - one of the most patient. Patience is more important checkup and tests
important matters of our life our than anything else — which can help to detect
beloved uncle who is also an insurance explains why most investors don't problems before
agent becomes our insurance advisor, achieve the returns that the market they occur. They
our Chartered Accountant becomes freely offers. also can help
our wealth manager, our friends who find problems
just made money from a ‘hot stock tip’ "The stock market is a device early, when your chances for treatment
becomes our share market advisor. for transferring money from and cure are better. By getting the
Hence, we absolutely forget the need the impatient to the patient."- right health services, screenings, and
of the most important and relevant of Warren Buffett treatments, you are taking steps that
all - a Certified Financial Plannercm for help your chances for living a longer,
our Financial Planning. Protection healthier life. Your age, health and
family history, lifestyle choices (i.e. what
Unfortunately in India, the financial Vaccinations you eat, how active you are, whether
service providers often focus on throughout you smoke), and other important factors
providing commission based your life impact what and how often you need
recommendations. They are not to protect health checkup.
bothered about providing knowledge against many
to their customers to help them infections. Keeping a regular eye on your personal
manage their money for financial When you skip finances will help you make the most
well being. Hence, we need financial vaccines, you of your money. Reviewing things
experts who can give solutions leave yourself vulnerable to illnesses. like your goals, bank accounts, loans,
considering one’s over all needs, Like eating healthy foods, exercising, insurance, savings, and investments
attitude, life style, risk tolerance and and getting regular check-ups, will also help make sure they're still
financial situation. Transparency and vaccines play a vital role in keeping right for you. It will also alert you early
honesty are the main aspects you must you healthy. Vaccines are one of the to potential financial problems.
consider while selecting a financial most convenient and safest preventive
planner for yourself. care measures available. “When you do periodic
financial reviews, keep in mind
“An expert is someone who Insurance is probably the most critical, the most important variable in
knows some of the worst and yet the least seriously dealt with the situation: You!”- Douglas
mistakes that can be made in aspect of financial planning. Though Goldstein.
his subject and how to avoid
them”- Werner Heisenberg. 15 ARIHANT CAPITAL ¡ JANUARY 2017
