This month has been very special for me.
7 members have informed me about reaching their OCR mile stone.
Even more important is that none of their portfolios actually requires them to do anything further except maybe increase the amount of investment.
All of you who have achieved the entry into this basic one crore or OCR club , will now Marvel at the speed at which you will achieve Two Crore and from there to 3 Cr.
The most important thing is that with your portfolio at whatever level it is ,you're safe and have covered all risks viz: Inflation, wrong Insurance, life risk, health risk and by filing your ITRs you're on the right side of the Income Tax Department.
Income tax will be the biggest risk for unaware Seafarers in future especially the old variety of my age who are ignoring IT at their own peril.
When I see more and more people enhancing their portfolio value, I feel more happy and satisfied as if it is my personal gain. Because with over 1000 people already past this mark and over two hundred already achieved their retirement value - it is my dream for every Seafarer to achieve financial stability coming to fruition.
However this is not just my mission, it also has to be yours as a "pay it forward ".
You must resolve that none of your shipmates in future will be ignorant towards the elements of Financial planning or Personal Finance.
You also have to be active and aware netizens and be aware of all changes that happen in the rules, regulations and economy of the country and globe.
It will pay you rich dividends.
Who knows some of you might be Warren Buffetts of tomorrow
God speed all of you.🙏
Tuesday, July 4, 2023
No mean achievement- this!!
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