The game show ‘Kaun Banega Crorepati’ (KBC) is an extremely popular game show in India hosted by Amitabh Bachchan. His charishma and mass appeal ensures that people are glued to their TV-sets during the show every week.
Recently, Sushul Kumar an IAS aspirant and school teacher won the grand prize of Rs.5 crores. He currently earns a meagre Rs.6,000 per month salary which is insufficient to lead a comfortable life.
I have seen from my vast experience that whenever there is excess money with a person, certain category of people called “vultures” hover around that person. The main aim of these vultures is to pinch as much money as possible from the naive and uninformed person.
Recently, Sushul Kumar an IAS aspirant and school teacher won the grand prize of Rs.5 crores. He currently earns a meagre Rs.6,000 per month salary which is insufficient to lead a comfortable life.
After meeting lakhs of people from various walks of life in my training programs, I have observed that there are very few people who give un-biased advice to needy investors. Although, not all advisors and consultants have an ulterior motive, many of them do and our bad experience in the past gives us the impression that all of them provide biased and wrong advice. Please understand that a person who has nothing to gain or loss by giving you suggestions regarding money management or other aspects of life is more believable then some person who stands to gain by selling you a product or service.
Whoever you are and whatever you earn, your financial success is dependent on the number of wise decisions you make in your life. Earning crores of rupees but not managing or investing it properly is worse than earning far less but investing and growing it effectively.
I urge you and your near and dear ones to wisely invest your time and money to increase your financial literacy thereby protecting yourselves from the vultures in the real world!
Unfortunately, earning a huge amount is not bundled with gaining “sound financial knowledge.” If Sushil Kumar or anyone of us does not take the efforts to learn and educate ourselves in the subject of financial literacy, we will sooner rather than later end up with unsatisfactory results in life.
The vultures can be insurance advisors selling (rather misspelling insurance policies such as ULIPs), mutual fund advisors approaching the prospective client with the entire list of “best-performing” schemes to invest in and stock brokers claiming to provide the best “tips” for super profits.
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