04/09/2020
Why is investing important?
My maid came to me in 2002 and was looking a bit worried.
I asked her what was bothering her?
The answer was very simple- "I have a daughter and I want her to be educated like you guys. I do not want her to be like me, going to people houses and cooking food."
I said, "Ok, but what are you worried about?"
She said- "I do not know how to save or invest."
I asked her, how much she can save monthly and she said around 2,000 per month. It was a good amount at that point of time.
"Give me a week`s time and I will let you know", was my answer.
I was also new to investing but I researched and after a week suggested her 2 mutual funds. To my surprise, she actually started investing after 1 month.
Another 2 years, I was in the same flat and she was still investing. But time changes and so does the jobs. She moved on to a new job. Before she left, I advised her 2 things, just 2 things- Do not withdraw this money for any other things, whatever the circumstances may be. And withdraw all the amount 3 years before your daughter`s higher education and put it in a FD.
This is my number and you can call me if you ever face any problem regarding your investments.
I never received a call from her in next 14 years.
Year 2019- I received a call from an unknown number. She called me to tell that her daughter is now an engineer. In fact, after paying for her education, she still has money left for her daughter`s marriage.(The money had grown to around 18 Lakhs)
She said thank you and it was clearly visible from her voice that she was crying.
Perhaps Tears of Happiness and that is why investing is important.
Team Wealth Seed
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