In the hustle and bustle of the financial world, we often regard success as the singular goal, whether it’s ensuring hefty returns, making sound financial choices, or outperforming market trends. But have you ever paused and thought,
“What about the times we stumble?“
The reality is that we endure setbacks – some are minor speed bumps, while others can seem like major roadblocks. We’ve been there, done that. But let’s break away from the conventional stigma of failure.
Our surroundings tacitly push us to view financial setbacks as personal shortcomings. The overwhelming noise from institutions, social media, and so-called wealth experts/gurus/finfluencers often ends up creating a mist of assumptions that tie financial struggles to our competence. But are they really so? Investing isn’t a straight path – there are twists and turns, ups and downs. And it’s time we accept that these different turns of events aren’t a test of our worth, but stepping stones we face in our financial journey.
Interestingly, even high-net-worth individuals (those with a net worth exceeding 100 crores) find themselves sold unnecessary products, dealing with high intermediation costs, and struggling to get accurate information from their wealth managers.
The key is understanding the root cause. Perhaps it was taking the plunge into equity when the risk tolerance was lower, or maybe it was an unawareness of the risks involved. So if you’ve faced financial hiccups, remember, that they are not all about losses. Rather, these are wake-up calls that give us the opportunity to grow and rethink our financial strategies.
Failure isn’t the exact opposite of success. It’s the missing puzzle piece that completes our financial picture.
