Last week I received call from one of our client and he asked, ‘Vikas can you advise my boss on investments who is retiring this month’?
When we started working with his retirement plan, I was quite disappointed that an individual who has been a disciplined saver all through his life missed the big opportunity of creating exceptional wealth.
This happens to many individuals who lack the awareness of differentiating between Savings and Investments; a prominent reason for why many Indians are great saver but poor investors.
People save money for the future and just park it anywhere they deem safe. Savings done this way mostly comprise of bank deposits and insurances which are considered safe but exposed to the inflation risk.
Inflation slowly eats away the savings and if the asset class opted by you barely beats it, then the long term outcome is inadequate wealth creation.
Investments is channelising your savings into proper financial instruments that is aligned with your goals and risk profile.
You don’t need to save extra but allocate that saving into proper asset classes like equities, mutual funds and gold.
It’s critical to monitor what are you doing with your money: Saving or Investing?
Vikas Sharma, CFP®, is a first-generation purpose-driven entrepreneur with over 19 years of experience in financial services, personal finance, and the advisory space. He is a Certified Financial Planner, an IIM Calcutta Executive Alumni, and holds an MBA in Finance and a Postgraduate qualification in Financial Planning.
Currently, Vikas is the Co-Founder & CEO of The Logical Advisor (TLA Academy Pvt. Ltd.) and Goalchi Capital Solutions LLP, where he integrates life, purpose, values, and money to create meaningful financial journeys.
He has worked with a leading Asset Management Company, mentored 1,500+ IFAs and Relationship Managers across India, and educated 10,000+ investors through Financial Wellness programs. His work has consistently focused on reshaping advisor and investor behaviour to enable sustainable success.
Vikas also coaches and mentors financial advisors nationwide, helping them build purposeful and successful careers.
