Hello everybody!!! Women need to empower themselves. yes! We know it but fail to understand it more than often. We are used to, habituated, to find our mothers and sisters and wives and friends grinding themselves in the mill called family. WE are used to exude sympathy, call in theories of emancipation , find overpowering dialogues to find means and ways to 'liberate' them.
One serious and mindless accusation labelled against women is that they are often unmindful of income,savings and usually 'throw away' the hard earned money. This is a common practice in majority of households.The boy is happy to find his mother buy an ice cream for him totally unmindful that the mother has saved the money in spite of severe warnings from her husband. The mother sacrifices her entertainment, her desire for good clothes, shoes or even an eat out in the restaurant.If she desires a micro-oven, it is because she wants to prepare quality dishes for her children. If she desires a washing machine it is because she shall be washing clothes for the family.
Sacrifice! Sacrifice! Sacrifice! Her sacrifice is hidden in the infinite wisdom of her silence!!! But where does the money come from? For little pieces of joy that children desire from their mother, the brother from her sister, the husband from her wife? One quality that most perhaps 99% people miss out on is that Women are quality managerial ingredient. They are excellent money managers!!!Good days or bad days she basks in the glory of her family.
Talk about sacrifice? O Henry's Della from Gift of the Magi is a supreme example. It is not a short story alone. There are millions of Della across the world.
'ONE DOLLAR AND EIGHTY-SEVEN CENTS.
That was all. She had put it aside, one cent and then another and then
another, in her careful buying of meat and other food. Della counted
it three times. One dollar and eighty-seven cents. And the next day
would be Christmas...'
-The Gift of the Magi
Now comes the question for how long shall a woman need to pound on a cent after the other?
How long shall she come to stop at 'One dollar and eighty cents'? How long shall she cry her heart out in complete silence?There has to be a magi in this world!!! There has to be promises made by the magi!!! Women has to delivered from her precarious conditions. She has to have her share of wealth!!!
Charlie Munger, the diligent investor and Warren Buffer's constant companion once said,"Like Warren, I had a considerable passion to get rich,
not because I wanted Ferrari's – I wanted the independence. I desperately
wanted it." [Buffett: 'The Making of an American Capitalist']
The power of wealth shall deliver her from her unsaid miseries and inner turmoils.Still not convinced. Still not a believer in equity markets? You do not have to invest plenty of money at one go!! Imagine investing the amount of money that can buy 5 hot dogs? Or 3 Baskins and Robinson ice-cream?
Yes you can do it!!!
Can you Imagine the rate of return in equity markets for the period 2000-2013? It is an astronomical rate of 16.74%!!! That means if you have deposited 100 rupees every month in the equity markets for the period of 13 years it would have fetched you 55,575.92 rupees.!!! Or of you had invested 1.5 dollar every month in the American equity markets it would have fetched you 926.27 dollars.
Still not interested ? Imagine 15 dollars instead of 1.5 dollars? That will be a cool 9327 dollars.!!! Impressive isn't it? And what is more important is that you would certainly have gone on increasing the invested amount by a little every year. That is a certainty.
MY MOTHERS, SISTERS AROUND THE WORLD CAN WORK WONDERS FOR THEMSELVES AND THEIR FAMILY IN YEARS TO COME!!! INVEST THAT AMOUNT THAT YOU WON/T NEED AT THIS PARTICULAR POINT OF TIME.
Let be conclude with another Mungerism.
Great investing requires a lot of delayed gratification.
"It's waiting that helps you as an investor, and a lot
of people just can't stand to wait. If you didn't get the
deferred-gratification gene, you've got to work very hard to overcome that.” [The Wall Street Journal]
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