Sachin Tendulkar is considered one of the biggest cricketing heroes of all time. Cricket has a lot in common with the world of investing. Some of his qualities that helped him succeed on the cricket field can also be applied to the investing world.
It pays to start early
The Master Blaster started his career at the early age of 16. This helped him create some unbeatable records. He played 664 international cricket matches (highest by any cricketer) and scored 34,357 runs (maximum by any cricketer ever). He is the only batsman to have hit 100 centuries.
Similarly, in case of financial planning, starting investments at an early age helps you accumulate more.
For example, if you start investing Rs 5,000 per month at the age of 20 and continue till 60, you will be able to accumulate Rs 5.9 crore, at an assumed rate of return is 12 per cent.
However, if you start 10 years later, you can accumulate only Rs 3.5 crore even if you double your contribution to Rs 10,000 per month.
This indicates the power of compounding when you start early. The more time you give to your investments, higher will be the corpus.
"If you start early you can retire early," said Vivek Karwa a certified financial planner.
Stay focused
"Enjoy the game and chase your dreams, because dreams do come true," the Master Blaster had said after smashing his 100th ton.
Even financial goals require such relentless focus. After setting goals, you should stay focused and keep investing to achieve them. There may be situations where you have lot of options in front of you or you may feel like spending somewhere else. But you have to choose the option that takes closer to your financial goal.
"You should focus on your future as much as your present. You should increase your savings as your income rises to maintain your saving rate at a certain level," said Suresh Sadagopan, the founder of Ladder7 Financial Advisories.
Keep emotions under control
This is one trait of Sachin Tendulkar which separates him from other cricketers - his ability to keep his emotions under control. Whether it is a big hundred or a duck, he never overplayed his emotions on the field.
When it comes to investing especially in equities, handling emotions is the key. Investing requires long-term commitment. You have to keep yourself away from emotions like greed and fear and stay invested for long term to reap rich rewards.
"Investments also goes through cycles, you should stay put for long-term," said Mr Karwa.
Do your homework
It was the commitment and hard work that helped Sachin win the heart of the millions. The cricketing legend did his homework before each and every match. Same goes for the investments. If you want the best results from your investments, you have to do your research before choosing the financial product. You have to understand the product you are investing into.
"People should not invest in a product merely for tax-saving or any other purpose. They should look at the suitability of the product to them and understands its features and payout before investing," said Mr Sadagopan.
Sachin Tendulkar is considered one of the biggest cricketing heroes of all time. Cricket has a lot in common with the world of investing. Some of his qualities that helped him succeed on the cricket field can also be applied to the investing world.
It pays to start early
The Master Blaster started his career at the early age of 16. This helped him create some unbeatable records. He played 664 international cricket matches (highest by any cricketer) and scored 34,357 runs (maximum by any cricketer ever). He is the only batsman to have hit 100 centuries.
Similarly, in case of financial planning, starting investments at an early age helps you accumulate more.
For example, if you start investing Rs 5,000 per month at the age of 20 and continue till 60, you will be able to accumulate Rs 5.9 crore, at an assumed rate of return is 12 per cent.
However, if you start 10 years later, you can accumulate only Rs 3.5 crore even if you double your contribution to Rs 10,000 per month.
This indicates the power of compounding when you start early. The more time you give to your investments, higher will be the corpus.
"If you start early you can retire early," said Vivek Karwa a certified financial planner.
Stay focused
"Enjoy the game and chase your dreams, because dreams do come true," the Master Blaster had said after smashing his 100th ton.
Even financial goals require such relentless focus. After setting goals, you should stay focused and keep investing to achieve them. There may be situations where you have lot of options in front of you or you may feel like spending somewhere else. But you have to choose the option that takes closer to your financial goal.
"You should focus on your future as much as your present. You should increase your savings as your income rises to maintain your saving rate at a certain level," said Suresh Sadagopan, the founder of Ladder7 Financial Advisories.
Keep emotions under control
This is one trait of Sachin Tendulkar which separates him from other cricketers - his ability to keep his emotions under control. Whether it is a big hundred or a duck, he never overplayed his emotions on the field.
When it comes to investing especially in equities, handling emotions is the key. Investing requires long-term commitment. You have to keep yourself away from emotions like greed and fear and stay invested for long term to reap rich rewards.
"Investments also goes through cycles, you should stay put for long-term," said Mr Karwa.
Do your homework
It was the commitment and hard work that helped Sachin win the heart of the millions. The cricketing legend did his homework before each and every match. Same goes for the investments. If you want the best results from your investments, you have to do your research before choosing the financial product. You have to understand the product you are investing into.
"People should not invest in a product merely for tax-saving or any other purpose. They should look at the suitability of the product to them and understands its features and payout before investing," said Mr Sadagopan.
Sachin Tendulkar is considered one of the biggest cricketing heroes of all time. Cricket has a lot in common with the world of investing. Some of his qualities that helped him succeed on the cricket field can also be applied to the investing world.
It pays to start early
The Master Blaster started his career at the early age of 16. This helped him create some unbeatable records. He played 664 international cricket matches (highest by any cricketer) and scored 34,357 runs (maximum by any cricketer ever). He is the only batsman to have hit 100 centuries.
Similarly, in case of financial planning, starting investments at an early age helps you accumulate more.
For example, if you start investing Rs 5,000 per month at the age of 20 and continue till 60, you will be able to accumulate Rs 5.9 crore, at an assumed rate of return is 12 per cent.
However, if you start 10 years later, you can accumulate only Rs 3.5 crore even if you double your contribution to Rs 10,000 per month.
This indicates the power of compounding when you start early. The more time you give to your investments, higher will be the corpus.
"If you start early you can retire early," said Vivek Karwa a certified financial planner.
Stay focused
"Enjoy the game and chase your dreams, because dreams do come true," the Master Blaster had said after smashing his 100th ton.
Even financial goals require such relentless focus. After setting goals, you should stay focused and keep investing to achieve them. There may be situations where you have lot of options in front of you or you may feel like spending somewhere else. But you have to choose the option that takes closer to your financial goal.
"You should focus on your future as much as your present. You should increase your savings as your income rises to maintain your saving rate at a certain level," said Suresh Sadagopan, the founder of Ladder7 Financial Advisories.
Keep emotions under control
This is one trait of Sachin Tendulkar which separates him from other cricketers - his ability to keep his emotions under control. Whether it is a big hundred or a duck, he never overplayed his emotions on the field.
When it comes to investing especially in equities, handling emotions is the key. Investing requires long-term commitment. You have to keep yourself away from emotions like greed and fear and stay invested for long term to reap rich rewards.
"Investments also goes through cycles, you should stay put for long-term," said Mr Karwa.
Do your homework
It was the commitment and hard work that helped Sachin win the heart of the millions. The cricketing legend did his homework before each and every match. Same goes for the investments. If you want the best results from your investments, you have to do your research before choosing the financial product. You have to understand the product you are investing into.
"People should not invest in a product merely for tax-saving or any other purpose. They should look at the suitability of the product to them and understands its features and payout before investing," said Mr Sadagopan.