Today I want to share something interesting with you. I recently asked some of my investors to share with me some very unconventional and “hatke” financial goals they want to fulfill.
Generally, when we all talk of financial planning, we feel it’s just about the goals like Retirement, Children education, Children marriage, Buying House & Home Renovation etc. But it’s not true. We all have very special and unconventional dreams which we want to achieve. So I just compiled some unconventional goals of some of our clients.
Here are 8 unconventional finance goals of some of our clients which i was able to recall.
He is great at his current job and love doing it. But somewhere deep down he wants to know if there exist other areas of life he can make his profession and that is not possible unless he takes a very long break.
He was already working from last 11 yrs and within next 4-5 yrs he wanted to take a big break for 2 yrs, so that he can pursue his interests, like travelling, writing, research, volunteering or other activities and also take some quality rest. I know this sounds a bit risky, but its his life and we better not judge others decisions.
She wants to now create a big corpus in a few years, which can be used for regular international tours. I think its a wonderful thought. Somewhere deep down we all want to do this for our parents (and many do), but she chose to make a financial goal and work towards it
There is a dedicated travel agency which has started India to London Tour and it costs whooping 16 lacs (one side). However, its a 70 days journey and crosses 18 countries and I am sure this will be a trip of the lifetime!There is a dedicated travel agency which has started India to London Tour and it costs whooping 16 lacs (one side). However, its a 70 days journey and crosses 18 countries and I am sure this will be a trip of the lifetime!
A big chunk of these investors are from IT background and they often tell us that beyond 50 yrs they feel it’s going to get tough in the software industry and hence they want to plan out things for their future. Business is not a cakewalk either, but at least they are thinking of their plan B.
Example #1 – Create a pool of fund to do ongoing charity One of our clients told us that since his college days, a close group of 5-6 friends had decided that in future they would like to keep doing various social work like for poor kids, senior citizens etc. Now, this clients wants to set up a 25 lacs corpus which will be used solely for this cause.
Example #2 – Create a Hospital in my village One of our client comes from a very small village and now doing very well in life. His dream is to make a hospital in his village to serve his community and give back to society.
You may have heard that, “A Diamonds is Forever”. Same applies to your life partner. The client is adding few more goals adjacent to this one, like Cruise Tour and Stay on Beach.
When we were discussing on Financial Roadmaps , he asked me whether this is possible or not. I said if he has Discipline and Dedications its obviously possible but due to budget constraint instead of 15 Years, it’s going to happen in 25 Years. No Dream Too Big. I am eagerly waiting for that Precious Moment.
Will the stamp duty on mutual fund investments affect you significantly?
Stating From 2000 SIP to creating corpus of 300 times monthly expenditure
You don’t need wealth to create wealth. Just need action in the right direction