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Spend Your Week Productively

My Response To A Friend Who Asked – What A Typical Week Looks Like

 

A few days ago, I was having a conversation with one of my friends who happens to be in contact since 2013. He asked me about my work schedule and the week plan. And below is my response.

 

  • I read 2 Newspapers daily while traveling to the office (Economic Times & Livemint)
  • Try to find out extra time from my work schedule and spend it on reading the latest affairs and other news articles
  • Try to read 2-3 Financial and Annual Statements during the week
  • I minimize my distractions (Whatsapp, Facebook Notifications etc) by indulging in more productive work
  • I try to finish my office work well before time and spend extra hours in gaining financial knowledge as well as domain depth
  • I love reading. So I dig into the latest articles of the blogs every time I get free time. I try to read about the emerging companies which can be the potential multi-baggers in future
  • I love to connect with like-minded people. It ensures that I remain on track and stay updated
  • I read a book while traveling back from the office. Sometimes, I take the printout of the important articles and read while going back home
  • I stay away from things which are a waste of time such as websites which don’t contain any informative content
  • I give due attention to my body and stay in shape by gymming 4-5 days a week. I try to minimize the intake of sugary as well as fatty food in order to stay healthy. I strongly recommend you to Eat Clean, Workout Mean and Stay Lean.
  • I read about companies in which I intend to invest. I try to delve as much deep as I can in order to find out the relevant information about the companies. Frankly speaking, I try to make my portfolio concentrated rather than searching for every investment opportunity. A well-concentrated portfolio of 12-18 companies is enough to make you Rich
  • I don’t track the markets daily. I do the thorough analysis of the company by reading its Balance Sheet, P/L Statement, Cash Flow Statement, Annual Statements, Directors Analysis Report and other documents by downloading them from their websites
  • To avoid boredom, I watch Standup Comedy, Cartoon Network Shows such as Tom & Jerry and other informative videos on Youtube
  • During weekends, I spend my time with my family, cook food, go out for an outing or watch a movie flick. I connect with my relatives and friends through phone calls. During a long weekend, I prefer to go for a vacation and explore places
  • I keep a track of things happening in India or worldwide such as political advancements, economic affairs, etc.
  • Last but not the least, I make sure that I stay positive with my thoughts throughout the day

 

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Invest for the Long Term

Don’t Forget the Golden Rule: Save for the Short-Term. Invest for the Long-Term.

 

Before delving deep into this topic, let’s first understand the difference between the two.

 

As per my experience, I understand that a lot of people get confused between terms, Savings and Investing.

 

Saving is when you keep your money aside in a non-risky financial product in order to use it for short-term goals such as buying a beautiful wrist watch in 6 months.

Investing is when you keep your money in a risky financial product and aim to grow your money in the long-term.

 

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Are You Ready To Retire Rich?

Are You Ready To Retire Rich?

 

Well, talking about retirement is still a taboo among youngsters. The moment they come across the word “Retirement”, they start reacting weirdly as if they have been asked to submit their property papers. For them, imagining about retirement is boredom. They perceive retirement planning as the most tiring part of their life.

 

One fine evening, while on my way back home, I was having a casual conversation with my workmate about our financial conditions.

 

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