Investment: Save first

Investment should start with our income. We have to save first from our income. We know, Income - Expense = Saving.

Here we have a problem. After considering all the expenses, saving would be the second priority. 

If we change the formula to Income - Saving = Expenses, saving becomes the first task to do after we earn salary,  wages,  bonus and other incomes. 

So separating immediately some portion of our income as saving would compel us adjust our expenses to a certain limit.  

Set a target for saving say 5% or 10% to begin with and slowly increase the saving percentage every year or as required. 

Investment Types

Types of investment depends on the choice we make. Investment can be of the type suitable for us.

Investment ranges from least risk one to highly risk one. The choice of investment is highly depending on our basic character. How risky are we?  The simple answer to this question helps in the selection of the type of our investments.

Setting goals, terms of the goals and types of investment makes the complete planning in the matter of investment.

Investment Goals

Investment goals are as important as the investments. Investment without any goal is just like vagabond.

So there should be goals set for investments. Whether you are investing money, time or energy, there should be goals set to record the performance. If the performance is as expected, you are in the right direction and if the performance is below expectations, you need to change your goal.

Goals may be short term or long term or both. After you achieve your short term goal, set another one or extend it to a long term one. 

Investment

Investment is a part of our life and it will always be the part of this world. The present world is the outcome of some sort of investment we all do.

We all do some kind of investment. Some invest money,  some invest time and the rest invest energy. It may be the combination of any two of money, time and energy or all of them.

Investing is not enough. Success in investment is equally important. Not all would be successful in investments.

We should invest for the well-being of ourselves, the people we love and sometimes the people we do not know. 

Heart Attack 2

After the confirmation of the attack, the doctor recommended bypass surgery. My father was not ready for surgery. Thinking to take second opinion, my father was discharged from hospital.

The second opinion also confirmed the need of the bypass surgery. My father had neither diabetes nor blood pressure. So the doctor felt compared to other patients, my father 's condition was less risky. But without the surgery, it was very risky. Finally we were ready for the surgery. And my father too.

In the month of January 2019, he was operated successfully. During the operation it was revealed that there was a problem with his lungs. They were like black grapes.  This was the effect of his smoking habits. My father used to smoke a lot. Soon after his retirement, he did quit smoking. But the effect of the habit was huger than he had thought.

However the lungs would start to recover, once anyone quits smoking. My father was discharged with the next visit date for checkup and the prescription of medicines which he should take regularly.

Heart Attack

My father had suffered an attack in December 2018. It was a surprise for us as he was fit even he was 74 years old. On 1st day of the month he completed his 74 years. There was nothing special on the day as I, his son, was working outside Kerala and his daughter was staying outside India. It was a normal celebration with normal food at the fixed timing just like another day. My parents' daily schedule: 8:00 AM Breakfast 1:00 PM Lunch 4:00 PM Tea & snack 8:00 PM Dinner My father has no driving license. So he will have to walk to nearest shop or travel by bus or auto to visit anyone or any place. This was his daily routine along with watering the plants around our house. So when the ECG report and the doctor in the local hospital confirmed the heart attack, we could not believe our ears.