{"id":1756,"date":"2021-01-01T00:00:00","date_gmt":"2021-01-01T00:00:00","guid":{"rendered":""},"modified":"2025-03-20T17:49:15","modified_gmt":"2025-03-20T12:19:15","slug":"my-5-financial-resolutions-for-2019","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/my-5-financial-resolutions-for-2019\/","title":{"rendered":"My 5 Financial Resolutions For 2019!"},"content":{"rendered":"
<\/div>\n

2018 has been a year that taught me a lot. From interacting with investors at a couple of Elite Club Conclaves to explaining others on why long term equity investment<\/a> is probably the only way to create wealth, 2018 was one pleasant experience to say the least.<\/p>\n\n\n\n

There have been a lot of learnings all throughout the year. Saying this, what better time to implement a few of them?<\/p>\n\n\n\n

Here are 5 Financial Resolutions I take this New Year:<\/p>\n\n\n\n

    \n
  1. Adequate Savings:<\/strong> I will plan my spending patterns in a way where I can save and invest a certain amount by the end of the year. This is extremely important if I want to ensure me & my family to lead a lovely life in the future and never have to adjust for anything.<\/li>\n\n\n\n
  2. Systematic Investing:<\/strong> I will ensure I invest my savings wisely. I will not just trust anyone into putting all my savings in 1-2-3 baskets. I will spread them across well across systematically. I will read, do my bit of research and only once I am satisfied will I commit to invest my money there.<\/li>\n\n\n\n
  3. Avoid Speculation:<\/strong> Being it going for speculative investing or being speculative about some rumours or investing based on gut, I will completely avoid all of it. I will surely ensure I do not fall into this trap.<\/li>\n\n\n\n
  4. Investments<\/a> don’t need 24×7 surveillance:<\/strong> I shall invest wisely and also keep a track on my investments, but I shall not monitor them minute-by-minute. Just because there is technology available to do so, doesn’t mean I abuse it that way.<\/li>\n\n\n\n
  5. Invest in Health & Life Insurance:<\/strong> Medical bills are rising by the day. I am extremely healthy today, but I do not want to speculate about it for tomorrow. I neither want my health to be a burden or especially a financial burden for anyone. Plus, just in case if something bad has to happen to me, I need to have enough money for my family not to at least worry about money.<\/li>\n<\/ol>\n\n\n\n

    Being a long term investor implies that you are happy to accept a specific amount of risk in pursuit for higher rewards and that you can bear to be patient for a longer period of time.<\/p>\n\n\n\n

    I am sure you are thinking on why I am sharing them with you! Because I urge you as well to take them up. And what is a better time to start improving your finances than now, the start of a New Year?<\/p>\n\n\n\n

    Read more: \u00a0How Long-term investing helps create life-changing wealth \u2013 TOI<\/a>.\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    2018 has been a year that taught me a lot. From interacting with investors at a couple of Elite Club […]<\/p>\n","protected":false},"author":5,"featured_media":1757,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/1756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=1756"}],"version-history":[{"count":1,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/1756\/revisions"}],"predecessor-version":[{"id":53773,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/1756\/revisions\/53773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/1757"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=1756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=1756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=1756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}