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By:

Kaustubh Kale

10 September 2024 at 11:37:15 pm

Nine Financial Tips for a Prosperous Navratri

As Navratri draws to a close, I wish you and your family happiness, prosperity, and continued success. Festivals are a time of celebration, but they also serve as a valuable reminder to reflect on our financial habits and strengthen our financial discipline. In the spirit of the nine days of Navratri, here are nine essential financial tips to help you stay on track with your financial goals and make your journey towards financial freedom smoother and more secure. Build an Emergency Fund Make...

Nine Financial Tips for a Prosperous Navratri

As Navratri draws to a close, I wish you and your family happiness, prosperity, and continued success. Festivals are a time of celebration, but they also serve as a valuable reminder to reflect on our financial habits and strengthen our financial discipline. In the spirit of the nine days of Navratri, here are nine essential financial tips to help you stay on track with your financial goals and make your journey towards financial freedom smoother and more secure. Build an Emergency Fund Make sure you have at least six months of living expenses saved in a bank fixed deposit or a debt mutual fund. This reserve will serve as your emergency fund for unforeseen situations and ensures you are prepared for any rainy days. Review Your Asset Allocation Revisit your investments to ensure they align with your goals. For short-term goals within three years, bank fixed deposits, recurring deposits, or debt mutual funds are appropriate. For long-term goals beyond three years, a diversified combination of hybrid/equity mutual funds, direct equities, and gold should be preferred. Do Sufficient SIPs Systematic Investment Plans (SIPs) are the backbone of disciplined investing. At least 25-30 percent of your in-hand monthly income should ideally be invested through SIPs in mutual funds, equities, and gold. This consistent approach will steadily build wealth over time. Make Lumpsum Investments Along with SIPs, voluntary lumpsum contributions into long-term assets whenever you have surplus funds can accelerate wealth creation. Even occasional lumpsum additions make a significant difference to the overall corpus. Increase Your SIPs Annually As your income increases, make sure your investments grow as well. Increasing your SIP amounts every year helps your wealth stay in line with inflation and your rising lifestyle needs. Increase your SIPs yearly and anchor them to at least 30 percent of your monthly income. Stay Invested Remain invested until your financial goals are achieved. Avoid redeeming investments unnecessarily. Frequent withdrawals disrupt compounding. If liquidity is required, consider taking an overdraft loan against your investments rather than breaking them prematurely. Health Insurance Safeguard your family with adequate health insurance. Opt for a minimum cover of 25 lakhs per family member with comprehensive features. Remember that relying only on employer-provided insurance is risky. Independent health insurance is essential. Term Life Insurance Protect your loved ones with a pure term life insurance policy. Ensure a cover of at least ten times your annual income, along with provisions for any outstanding loans. Stay away from mixing insurance with investments. A simple term plan is the most effective solution. Consult a Financial Advisor A full-time, well-qualified financial advisor can simplify your financial journey. Professional guidance ensures disciplined planning, correct product selection, and proper execution of your financial strategy. May this festive season bring abundance and lasting financial peace. (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

When Growth Stalls

Mar 27
3 min read

Success in business brings with it a quiet but powerful shift in behaviour. As entrepreneurs begin to see their efforts translate into results, their confidence grows, their conviction strengthens, and their belief in their own decisions becomes more pronounced. This progression is both natural and necessary. However, it often carries with it a subtle risk that many do not immediately recognise.


In my experience working with founders and senior professionals, one pattern appears consistently across different industries and stages of growth. The moment an individual begins to experience upward momentum, their relationship with feedback begins to change. Not always visibly, and rarely intentionally, but gradually enough to influence how others perceive them.


At earlier stages, feedback is often welcomed. It is seen as guidance, as a means to improve, as an external perspective that can refine direction. But as success begins to validate one’s thinking, that openness can slowly narrow. Suggestions are heard, but not always considered. Alternative viewpoints are acknowledged, but not deeply explored. Over time, what was once curiosity begins to resemble quiet resistance.


This shift is rarely driven by arrogance. More often, it is the by product of something that appears far more reasonable: the belief that what has worked so far should continue to work moving forward.


Yet growth has a way of challenging that belief.


The leaders who continue to expand their influence understand something that is not always immediately obvious. Success is not just a result of good decisions; it is also a result of being willing to refine those decisions continuously. What worked at one level does not always sustain growth at the next.


This is where personal branding takes on a deeper meaning.


A personal brand is not built solely through visibility or communication. It is built through behaviour that others consistently experience. Among the many signals that shape this perception, one of the most powerful is how an individual receives input from others.


Openness to feedback does not weaken authority; it strengthens it. It signals confidence rather than doubt, and maturity rather than uncertainty. It tells others that the individual is not only capable of leading, but also capable of evolving.


On the other hand, even subtle resistance to feedback can send a very different message. It can create the impression that perspectives are limited, that adaptability may be constrained, and that growth could eventually plateau. These impressions are not always spoken, but they are quietly observed and remembered.


The distinction here is not dramatic, but it is significant.


Highly respected professionals do not accept every suggestion they receive. They are discerning in their approach. They listen, they evaluate, and they decide what aligns with their direction.


But what sets them apart is not what they accept or reject. It is how they engage with the process itself.


They create space for dialogue. They allow ideas to be explored. They demonstrate that their thinking, while strong, is not rigid.


In doing so, they build something far more valuable than agreement. They build trust.


Because people are naturally drawn to those who make them feel heard, considered, and respected. Over time, this becomes a defining element of how a leader is experienced, both within their organisation and beyond it.


In many ways, growth does not slow down because opportunities disappear. It slows down because perspectives stop expanding.


For founders and professionals who are already on a trajectory of success, this becomes an important point of reflection. Not as a critique, but as an opportunity to strengthen what is already working. The ability to remain open, especially when things are going well, often determines how far that success can extend.


If you are looking to build a personal brand that not only reflects your achievements but also supports your continued growth and long-term influence, it may be worth examining how your openness to feedback is being experienced by those around you.


I offer a limited number of complimentary consultation conversations for individuals who are serious about refining their personal brand and building it into a meaningful legacy. You may explore this further here: https://sprect.com/pro/divyaaadvaani


Sometimes, the most significant growth does not come from changing direction, but from expanding perspective.


(The author is a personal branding expert. She has clients from 14+ countries. Views personal.)

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