Year 2022 is about to depart,let there be evaluation of Personal Profile & Personal Financial Profile.
Dream is always to have Powerful Personal Profile & Powerful Personal Financial Balance Sheet.
As understood,Balance Sheet has 2 sides , Assets are positives & Liabilities are negatives.
Sum total is Net Worth,or in other words ,
Powerful Personal Profile
Powerful Personal Financial Balance Sheet
To have Powerful Personal Profile or Powerful Personal Financial Balance Sheet,one must focus on following 4 P:s.
They are,
Priorities
Persistence
Patience
Performance ,
that leads to Powerful Personal Profile or Powerful Personal Financial Balance Sheet .
These are most important words in Personal Finance.
Priority in life should be to become Financially Independent as early as possible,focus should be on Wealth Creation to reach Financial Independence Status as early as possible .
Powerful Balance must be achieved between your Assets & Liabilities.
Yes,this applies to your Financial Statement,but equally to Personal Profile also.
A person always have Assets, that is ,strength or excellence in certain fields or in very simple words Good Habits.
At same time ,a person always have liabilities ,that is, weaknesses or limitations in certain fields,or in simple words ,Bad Habits
Efforts are to be sincerely done to expand circle of excellence or strength that is Good Habits
&
limit the circle of limitations or weaknesses or Bad Habits.
To succeed in Personal Finance, Fix the Priority ,that is, Financial Independence & Focus on it by developing Powerful Financial Balance Sheet.
Once Priority is fixed , Persistence is MUST to achieve it.
Rome was not built in a day, similarly once priority is fixed, it must be persistently pursued.
For the same,one must develop Patience.
Develop & follow Priority with immense & Strategic Patience , either in Personal Profile or Personal Financial Balance .
Compounding in Investment works like miracles,as it is in full harmony with patience only.
On course to Wealth Creation,Do monitor Performance.
It need not be BEST but simply be better than average, persistently.
Once these 4 P:s are taken care of , Powerful Personal Profile or Powerful Personal Financial Balance Sheet is not a dream but very much a realisable reality.
Let that Reality be realised in 2023.
Happy New Year 2023.
rkhgajjar 