Wasting your Capital

Amar Pandit , CFA , CFP

Amar Pandit

A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.

The first thing that might occur to you when you hear the word “Capital” is Money. You might even wonder whether I am referring to investing your money or investing in your business. Let me clarify that I was not referring to either.

When we see people waste money, we call them crazy. Well, I am not getting into the details of what is wasting money as it is beyond the scope of this Nano.

What should we call people who waste time?

Think about it. I truly believe and I am sure you would agree that “Time is the Only Finite Capital we all have.” I have even referred to “a” number that you should never forget in my book “The HappyRich Advisor”.

The number is 168. These are the number of hours we have in a week.

I see many of us still wasting our time attending irrelevant webinars and 2–3-day events that will not even move a needle in their business. This is what I call yet another way of “Wasting your Capital”.

I have even written about the other ways we waste our precious capital before. Most of us could have used 16-24 hours to learn and sharpen a Skill that will help us build relationships or emotionally connect with someone or acquire clients. Alas we end up wasting time just like some people waste money.  The difference is you can earn money, but you can never earn time.

So, Protect your time from the Time Wasters. There will be many and if you feel I am one, I would request you to even stop reading this.

I deeply respect your time and look forward to all of you respecting and valuing your own time. If you do that, you will not only become Great Time Capital Asset Allocators but also build awesome practices and businesses that we all will be
proud of.

Have a wonderful Financial Year ahead.