Subscribe Dwarka updates on email   

SBI Fund Guru | Ashish Goel | How to Create Wealth through SIP?

You need a browser with JavaScript!
In this episode, Radio Dwarka invited Ashish Goel, founder and Chief Success Officer of Vista Wealth Consultation Private Limited to simplify the concept of wealth creation for an investor.
Goel has been around in this business since 1993 when he was still in his teens; he was drawn to it because of his interest in investment and wealth creation.
"We always have focussed on small investments, and that has helped our investors reap rich rewards," he said.
"There are 40 crore households in the country and each family should have one SIP each. It is not age-bound and offers a lot of flexibility."
He elucidated his point with an interesting example. He said that there are four types of people. The first types are those who dream but realise that most of these are impossible to fulfill so stop dreaming altogether. The second types are those who dream but don't labour enough to fulfill them. The third kind of people dream, set a goal, but do unwanted labour, and the fourth kind of people dream, set a goal, and also do systematic planning and labour accordingly to realise their dreams. Once you have sorted your financial goal, backed it with proper planning, you will surely create wealth as well.
There are two types of incomes, he said. "One's passive income is the money that is earned from past investments, while the active income is one that is earned from the work that one does. If one's passive income is more than active income or in simple terms, if the yield on passive income is more than the current rate of inflation, an investor has won the battle.
He also narrated an interesting anecdote when an investor, who had put in Rs 1 lakh SIP with his firm decades ago, came to distribute sweets in his office. That man had stopped investing in SIP that day on and had withdrawn 70 lakh to buy a house. "It was quite a satisfying feeling to see an investor's financial goal being met," he said.
Goel is an avid golfer, and when he is not busy advising and planning investment for his clients, he prefers to spend time teeing off.

To know more, Click on Picture.

Vishal Gupta,
Radio Dwarka,
India’s First Online Community Radio,
Friday, December 9, 2016

App Available on

© 2012. About Radio Dwarka | Privacy Policy | Contact Us

DISCLAIMER

Radio Dwarka disclaims all responsibility for any loss, injury, liability or damage of any kind resulting from and arising out of, or any way related to : a) any errors in or omissions from the Web Site and its content b) any third party Web Sites or content therein directly or indirectly accessed through links in the Site, including but not limited to any errors in or omissions there from c) the unavailability of this Site or any portion thereof d) your use of any equipment or software in connection with the Site e) your use of the Site.
Radio Dwarka does not endorse the material product, service or organisation able to be reached by link from this website. The material expressed represents the personal views of third parties and does not necessarily reflect the views of this site or its commitment to a particular cause of act. You are expected to exercise your own care and diligence and make independent evaluations for your own use and purposes.

We repose faith in our advertisers but do not stand guarantee and are not liable in any manner for the quality of the goods /services provided by them. All advertisements, logos, material, claims given in the message are solely from the advertisers. Listeners are cautioned to be aware, alert and understand that they must cover from any risk whatsoever, if resulting from any interaction. We are not liable for any kind of financial/non financial dealings in future. "Radio Dwarka"