Will Visualizing Your Financial Goals Help You Achieve Them?

The technique of visualization is simply great for performance improvement. Sports legends such as Michael Jordan and Tiger Woods, all have used visualization for pushing their performance limits. This helpful technique can be utilized in every walk of life and this includes, achieving financial goals.  

So, what is visualization? It is the method of vividly imagining achieving your goal. So, in other words, you are just creating an image of your success beforehand. This will, in turn, change how you think. 

Visualization builds confidence

Several studies suggest that the brain finds it hard to make a distinction between a real and a visualized image. This is based on the idea that when you visualize an action, you are stimulating the same regions of the brain as though you have performed the action in actual. What it does is, it tricks your brain that you have already achieved the goal.  

This will build the necessary motivation and confidence in actually achieving something. You will feel like you have already done it before. For a better understanding of how to achieve your goals, visit Wealthclock Advisors. They are prominent financial advisors and offer excellent mutual fund investing advice. 

How to visualize?

So, the main question that arises here is, how should you visualize? One of the most recommended ways is to visualize on the outcome, that is simply about achieving the goal. For example, if it's about sponsoring a child's education, try to imagine your grown-up-child celebrating the successful completion of their degree during the convocation ceremony. 

But think of the visualization as a movie instead of a static picture. Doing the following can help you better in this approach. 

• Choose a time and place where you will stay relaxed and be at ease. It is advised that you do it early in the morning or simply, before sleeping. Just sit in a comfortable pose and close your eyes.

• Now, imagine a situation where you have achieved success in fulfilling your financial goals. This has to be done vividly with plenty of positive emotions accompanying the whole act. Thus, if you aim to retire, then think of a dream destination where you are relaxing solely or with your spouse beside you. Mutual Fund investments are perfect for this purpose. 

Visualization may significantly improve the odds of fulfilling your financial goals. It helps you gather that much-required confidence and motivation to achieve the set goals.  

Why Should an Investor Aim to Increase Their SIP By 15% Every Year?

Most investors see saving as a burden. When some investor is told to save more, they tend to groan inwardly and are annoyed by the whole idea of saving more, despite making the best efforts towards the same! This article will unearth reasons why exactly saving more every month towards a SIP is not just a fantastic thing but a necessity as well. 

Saving is undoubtedly very hard

A person's salary generally grows by a specific percentage above the inflation rate and it depends on the economy a lot. It also depends on a couple of other factors like years of experience, the industry one belongs to, etc. In the last few years, salary growth has been within the range of 8 – 10% for the majority of private-sector employees. 

The salary growth of 10% for someone who makes 5 lakhs a year might not be that big an amount for someone who earns 12 lakhs. Taxes impact salary growth too. Inflation is presently trending at 5-6% p.a. In the case of services as well as entertainment, inflation is on the higher side as well. So, saving can be a tough thing today.  

For the best saving advice, one can get in touch with Wealthclock Advisors. They are prominent financial advisors who operate in different cities and offer excellent ways to invest in mutual funds online. 

Beating inflation requires higher saving 

For most people, their income would have grown along with their expenses. But did their savings grow in line? Inflation might be lower in the last few years but it will surely strike in the future big time! An investor's monthly saving of Rs 5000 six years back is not the same as saving Rs 5000 at present. 

So basically, an investor's present savings are more valuable than their futuristic savings. This simple fact escapes most who think it is best to save only when they have enough. Those who began saving, say for example Rs 500 in 2007, is worth double at present. Considering money is devalued every year, financial independence needs active steps to steer ahead.

The magic of a 15% increase

Saving more and investing it would make a huge difference in the lives of the investors. The best advisors always recommend investing in equity mutual funds for this purpose as it can give a return of nearly 12% annually. Increasing the SIP amount every year by a whopping 15% can dramatically affect an investor's final goal amount. 

When the increase is 15% the result is a corpus that's near to three times bigger! Yes, considering inflation, the buying power of such amounts will be lower than the numbers showcase. But upon a good understanding of one's financial goals, an investor can plan for them and invest adequately.  

Even starting small will not act as a barrier to the investor's financial security! 

In the case of investing, something is a lot better than nothing as such! 

5 Finance Lessons That Will Help Any Investor

The field of investing is quite a tough one as every investor needs to stay at the top of his game all the time. However, this does not stop potential people from investing their hard earned money in this field. Everybody wants to have a piece of cake! But to generate better results at the end one must be aware of some important financial lessons. 

This blog is an attempt to do this as investors can be better at decision-making when they are aware of some important things. A few financial lessons should be taught in schools or other financial institutions so that people are aware of them beforehand and this will give them a significant advantage over others. Also, it will make them less prone to some common mistakes.

So, let's check out the important ones below!

5 helpful financial lessons for investors

Inflation will exist

Inflation signifies a rise in your current expenses even if your lifestyle remains constant. There have been periods when the rate of inflation in India was in excess of 8% pa. Presently, it is close to 5%. So, the main point is inflation is here to stay.

Saving vs investing

You can set aside a part of your income as savings. However, if you keep your savings as a bank FD or simply in your savings bank account, then it has a pretty lower chance of beating inflation. Experts like Wealthclock Advisors suggest you engage the money in inflation-beating assets mutual fund investments. 

Stay patient in investing

Another important lesson for every investor is, they should learn to stay patient in their business. Many people get swayed by other investors when they boast of their outsized returns and big scores! One should stay patient in their actions and not let emotions get the better of them.  

Mutual funds are quite beneficial

In India, people are still now reluctant to opt for mutual funds as compared to foreign countries. In reality, mutual funds can be a great way to increase wealth and earn handsome returns. Most experts consider them as the best financial investment method available.

Plan the taxes well

Your income can be taxed at a whole rate as and when you earn it. So, if you plan your investments in the right way, you can greatly reduce overall taxes as well as delay the incidence of tax.