Showing posts from August, 2021

Short cut to Fastest Financial Freedom(FFF)

 Short cut to Fastest Financial Freedom(FFF) Whether it's a Simple Life style or the life style which we want, we always depend on Economy (Say 'Money'). On the other side, only if we have a time to happily spend the money we have put together, will the money we have added benefit.  In the Modern-age development,  most of us are talking about Early Retirement Plan(ERP), Financial Freedom, Entrepreneurship, Blogging, Flexible work Hours, Live the life as we want and so on. All of these are the root cause for Financial Independence, as we are not interested to depend something or someone. Thoughts like these are a healthy thing to do, however we have to work with some key factors to attain the Financial Independence or live the life we want. Financially Free or Financial Freedom or Financial Independence is when we do not work or not required to work for our Essential needs for the rest of our lives. For this Independence, we have to create a massive or enough wealth in advan

Drawbacks of Investing in a Single Investment product

  Drawbacks of Investing in a Single Investment product It is common nature for any investment product to experience ups and downs over a period or time or cyclically. If we can predict this easily - in fact it's not. Hard to predict even with enough skill and insider information.  There are few disadvantages of investing the entire amount in a single investment product or avenue,  Chances of Losing the investment value drastically are very high The problem with receiving the Targeted or Goal amount in a certain period, the amount may be low Investment Risk is very high when invest in a Single product Missing the Opportunity cost of any other investment product which gives good returns False Predictability about the Market or Herd Mentality Asset Allocation and Diversification - both are very important on Investing Life. This will reduce the investment risk and increase the chances of generating better returns. In the long run, invest in a single instrument is not only the huge ris