Habits that hinder your wealth management goals

“If money management isn’t something you enjoy, consider my perspective. I look at managing my money as if it were a part-time job. The time you spend monitoring your finances will pay off. You can make real money by cutting expenses and earning more interest on savings and investments. I’d challenge you to find a part-time job where you could potentially earn as much money for just an hour or two of your time.” 
Laura D. Adams, Money Girl’s Smart Moves to Deal with Your Debt

The former bridge that connects your dreams, ambitions & goals to reality is hard-earned finance. Wise financial and wealth management is an affluence and beneficial task. It moulds class in your ways of living and enhances your personality as you grow.

There are, however, a few habits that cause to be barriers to an efficient wealth and finance management in your life-

  • The Race of Fitting In

We live in a society that has its own, self-formed rules, norms and cultures. In such a fast-paced environment, we tend to get influenced by trying to submerge within the crowd in order to be accepted by our fellow mates. People tend to choose an extravagant lifestyle in order to outsmart one another without keeping basic facts in mind. Materialism has got individuals to overlook relevant elements like financial security, repayments of debt & seeking satisfaction in real life.

Whether you are an entrepreneur or a professional – you are bound to be unaware of what happens the next second. The traditional buzz of consumerism and materialism is slowly taking away the wealth, freedom and peace of mind of three out of four people all around the world.

  • Absence of Basic Discipline

Discipline refers to following a code of conduct or wise behavior to flush out the disobedience & negative perspectives from your life. In simpler words, it is the ability to deny on doing a particular action when others are about to commence it with due respect to moral ethics and acceptance of right versus wrong. Not many are aware of this, but discipline brings along freedom as it comes – the freedom of not living in the guilt of doing something your conscience does not allow.

But, how does discipline affect your wealth management goals? Lack of routine, overhead and unwanted expenses, investing your hard-earned money in unhealthy habitual expenses etc. can hinder your progress in life with each tick on the clock. It is like a vicious circle of disturbed behavior where true content gets far away from your reach at each moment of continuity.

  • Loss of Initial Purpose

Success is said to be a journey, not a destination. Being said that, there has to be an initiation point. This provocative point is called purpose. Your entire future, savings, investments, ideas & concepts in life are solely dependent on this purpose. Sense of direction is a very important part of your life. You should be aware of your goals, integrating each step before execution and taking former efforts to record your progress from time to time in order to remind yourself of where you stand.

Proper alignment of your financial goals can only be accomplished with consistent hard work. And so, for efficient hard work – you must know true relevance of the fruit you are set to attain since day one. Commitment and devoir are the secrets to true success.

  • Incorrect and Absurd Investments

Investment decisions can be tricky and hard to understand at times. In times as such, always remember that salt also looks like sugar. In other words, do not end up believing and investing your hard-eared money on just what you’re shown in the first go. Always follow three golden rules before making an investment (big or small): Analyze, Improvise & Appraise. The motive is never to arrest the idea of investments, rather it intends on rearing the habit with intelligence and wisdom.

Each and every minute agreement should be under a legal and logical supervision before any decision is finalized, let alone a penny invested. Never hesitate in taking professional investment training before speculating and venturing out – for you should always intend on being better than the best. Saving on shrewd investments can help you save the money for better investments to enhance your financial security or status in a trillion ways!

  • Consumer Debt

Debts are broadly divided into two categories: good & bad. Good debts comprise of acquired investments which return profits, a portion of which helps repay the liability timely & make furthermore investments. While a bad debt or a consumer debt encompasses of unwanted liability and unwise investments which lead to financial crisis at its peaks.

Loan is served with the purpose of providing financial support which ought to be paid back with the respective interest rate. Utilizing loans for holidays or personal reasons that provide temporary comfort (lacking an occasion or relevant purpose) can be sheer stupidity. Hence, it is upon you as to where you wish to invest such a monetary form that holds liable responsibility and accountability to another financial institution as the repayment is bound to cost you more than you withdraw initially.

“The speed of your success is limited only by your dedication and what you’re willing to sacrifice” 
Nathan W. Morris

If you think you need to mend ways in your life and value your hard work by choosing to be financially strong, independent and intelligent for circumspection and efficiency has never let a man down, start now. For regular updates on your Finances, please visit & subscribe to our website, www.sbsfin.com

Career Mistakes to avoid for better Financial Dynamics

“Write your own book instead of reading somebody else’s book about success.”

Herb Brooks

Career refers to a particular professional lifestyle choice that an individual makes in order to independently sustain in life and the society he/she lives in – earn a living and contribute to the economy. There is an immense competition in the society and hence, you need to integrate your ideas and strategize each step prior action.

One of the biggest snags that latch along with even a passion-based profession or career prospect are career mistakes which ought to be avoided and prevented upon for a better formulated future and management of financial dynamics. At SBS Fin, we work with lot of Millennials who are passionate and live a life of dreams and their idea is to fulfill each one of their dream – and that is where financial dynamics become significant.

Whether you are in a part time career, full time career, making a side income through your hobby, you must know the significance of financial fitness. Your life goals must have a financial goal as that forms the basis of all life goals.

How you are prone to make unwise decisions and career mistakes that incur a loss of assets and finance?

  • Overconfidence in your work
  • Rigid mindset about the future
  • Misunderstanding what you really want with momentary-influenced choices
  • Devaluing the company you work in
  • Lack of communication with co-workers
  • Distraction and Pessimism
  • Indecisiveness and escaping the reality

The root cause of a tremor in the management of financial dynamics with all due reference to career mistakes is misunderstanding the time value of money. As a practice we are not taught money management during childhood or even growing up years and the repercussions lead to complicated financial dynamics and the millennials struggle as they grow the corporate ladder parallel to their wish lists.

Below are a handful of ideologies with parallel financial mismanagement consequences which can act as a reference for you to clear of what the concept demands-

Analyze your skills and widen your scope of attaining potential

An individual should be wholly aware of his/her skills and strengths. Some people can be sharp at analytical skills while some might have strong logical skills and so on. The primary purpose is to enhance your existing skills and increase focus on creating progress. If you make regular expansions in your professional skill sets by exercising certain skills with mind games or by reading, it is bound to serve the purpose. It is important that you stay constantly focused, less over-confident and up-to-date about your field of profession in order to move forward.

Financial Dynamics Precaution: Investing money to achieve your goal is not the problem – the problem lies in being unable to understand your skill set and making the investments in wrong places instead. Life is all about risks but it is not wise to follow the same while handling finances in link to your career prospects. If you are in a stage where you are contemplating a career switch, trying an alternate career – the same should not impact your financial dynamics. Similarly, constant learning and skill building can be attained for growth if you have a balanced financial dynamic.

Do Not Settle

You must undoubtedly love your job. But that does not entitle you to permanently settle for what you do without exploring all your options. What inspires you now might just appear to you as an eye-candy in the times to come. Try to understand what the company/business expects of you and where you stand as an individual. Apprehend the goals that you have set for yourself, while simultaneously give your best at each opportunity you get to stand for your organization.

Financial Dynamics Precaution: We breathe and function in the upcoming Internet-Economy that helps us be potential to earn more money than we usually do. You should be consistent but not lazy and futile. Life is all about moving forward with the right pace, meaning do not hesitate in doing anything within your reach to maximize your income by moving forward in your field of profession and focusing on big money events in order to gain money and invest it in yourself. If you plan on boosting and pushing your income at an initial stage –  you tend to open doors of opportunities for a brighter future. Whether we work with solopreneurs or SMEs, our financial fitness expert Rashi Bhargava believes in not settling- she maintains one should not settle especially when it is about Emergency or Health corpus.

As a financial planning and wealth management company, we do not believe in settling as well. Whether it is the financial literacy, financial fitness tactics, physical fitness for financial fitness, wealth management tactics, portfolio updates etc, we believe in keeping our clients updated about the new products in markets.

Maintain the Focus & Remind yourself of the reason behind your Choices

Indecisiveness is the last thing that should come your way if you expect on outshining yourself from the past – to a better future. There can be instances when you would feel distracted of or think of negative things while you imagine yourself with your professional / career choice, years down the lane. This is a common feeling. The primary reason for which you need to analyze your skills and passion is to be aware of how inspired are you of your choices and of how much do you really value its worth. Not each opportunity comes your way casually, you have to earn it! You should feel satisfied with your career choice and be honest to yourself about it. You should ensure that your financial investment towards it and the energy devoted in attaining what you have is priceless and should serve the purpose of helping you spree at each opportunity.

Financial Dynamics Precaution: Always remember the motive behind each financial investment you opt for. For instance, if you plan on taking a loan for your education, it will hold value; whereas, if you choose to take loan in order to plan a trip with your family, friends or associates with the idea of repaying back, remember that it isn’t as worthy of the financial liability as it looks. Focus and confidence in self are the primary keys to attaining your prospective goals and you stand nowhere if you choose to ignore the basic financial equation: Income – Expenses = Savings.

Face the Reality

There is no guarantee or a form of security that ensures a consistent future. Focusing on factors like the stability, reputation and worth of your organization in the market plays a major role. No external factor can ever be secure and ascertained, except your internal will to grow and do better – hence you should be flexible with time and keep tabs of the circumstances around you.

Financial Dynamics Precaution: It is essential that you address to real-time common issues in finances within your environment. Always keep a backup financial plan for bad times and circumstances. Don’t just focus on curbing expenses, try to enhance your income by pursuing side-jobs or moving onto better jobs if the financial offers are more advance.

Henceforth, you should learn as to how and where to invest your assets, time & efforts and seek a brighter future and never stop believing in yourself!And if you think you need a personal session on financial goal setting, feel free to write to us on: contact@sbsfin.com

Mental Wellness for Physical & Financial Fitness​

WHO defines Mental health as a state of well-being in which every individual realizes his or her own potential, can cope with the normal stresses of life, can work productively and fruitfully, and is able to make a contribution to her or his community.

Mental health, mental illness, Physical health…. these words are fast gaining popularity in the world of working professionals, millennials and young children. Since we cater to these age groups, our annual theme of client engagement is kept around fitness and its significance for financial fitness.

When we interact with our clients, for their financial goal setting or their portfolio management or even during the redemptions, it is understood that we are all living in a complex, interconnected world – there is an interconnection between the mental, physical, and financial health spheres, with an imbalance in one affecting the balance in another.We are all running from one thing to another in our daily lives without taking a breather to think and reflect.Mental health is becominga serious issue. There is a lot of talk on direct relation between physical fitness and financial fitness but little has been spoken about mental health and its interconnection with physical and financial fitness. Stress is no more a buzzword, it is serious and has started taking a toll on good health & everyday productivity. The new age prescriptions are not about medicines but they are about Detox. We need to stop at least sometimes and look back and need to look at our own self, we can also consider at it is, do I really need to do this?

Despite our limited view and understanding of mental health as something quite separate from our physical selves – study after study has shown just how connected mental health is to other health measures, like physical and financial fitness. All 3 issues seem to be separate issues but they affect each other in multiple ways.

Mental stress has shown to contribute to chronic illness like High BP, Obesity, Diabetes. Conversely, people with chronic physical conditions like diabetes have twice the likelihood of experiencing a mood or anxiety disorder when compared to those without a chronic physical condition.

Similarly, poor financial health/fitness (Debt/lack of savings) can affect physical well being, economic productivity through stress and other factors. The fitter you perceive your financial situation, the better your physical and mental health.Same way factors like lack of sleep, relationship issues, poor physical fitness go hand in hand with poor perception of financial health. This works vice-versa but health is prime as that will enable us enliven our financial dreams and also to fulfil our bucket-lists and wish-lists. And if you have  good health, you certainly are going to have good life.

Our first client engagement activity theme was Physical Fitness=Financial Fitness. Before we take up mental wellness in depth, here are the quickie hacks on Good Posture & Muscle Health:


  1. Stretches and Movements are good in daily routine.
  2. Practice exercises for upper body even when you are sitting at your workstation
  3. Stand on your entire foot.
  4. Always sit with back upright.
  5. Challenge your balance
  6. Maintain a routine regime for exercise – it can be as little as 15-20 minutes a day.
  7. Always follow good posture – as that is the way to healthy muscles &brings agility.

But as my understanding grew and my first   hand experiences of being a care giver to mentally ill patient at home forced me to think on mental health too. Majority of our clients in the age bracket of 25-45. We are rather unfortunate to be working in challenging times where stress is part and parcel of our lives. We are constantly running to meet our deadlines at home and work front. We no longer have the luxury of job security. Increasingly youngsters are complaining of health issues like high BP, Anxiety, obesity, back pain, depression….

It’s high time we start factoring in mental health, physical health and financial health as part of integrated strategy for ourown well being and well being of our clients,employees and other stakeholders…Their mental well being, physical health and financial fitness are all ingredients for happy, productive and successful stakeholders.

Because we understood the need of the hour, our Lap of Fresh Air Fitness was around Physical Fitness and Mental Wellness.

Following are some basic take ways on mental wellness from the session by Clinical Psychologist Ms.Alisha:


  1. Sleep well and maintain a minimum 7-8 hour sleep every day.
  2. Develop a routine for meals and follow that at least 5 days a week.
  3. Do not ignore sleep disorders – consult an expert
  4. Say no to junk food
  5. Keep a check on your emotional health. Detox from gadgets and have more of real conversations
  6. Exercise regularly – body & brain both.
  7. Reading is a good exercise for brain.
  8. Breathing is a good exercise for mental health.

Couple the above tips for mental wellness with the physical & posture tips as shared in Lap 1 and Lap 2 of Fresh Air Fitness Engagement programs of SBS Fin. Work on your health and maintain a good health corpus, both of these combined will ensure Financial fitness and freedom for your future life.

To know more about the Lap 2 of our Fresh Air Fitness event or to speak to our experts for Financial Health Corpus & planning, write to contact@sbsfin.com