I have never celebrated Dhanteras.
It is auspicious to buy gold and utensils on this day. Given that the value of gold has steadily appreciated, it makes sense for rich people to buy gold.
Gold has had interesting returns in the past couple of years – some gold mutual funds have yielded 27% – 38% returns, in a market where you’d expect around 7-8% from fixed deposits and 10-15% from investment in capital markets. We don’t, of course, know whether and till when gold will continue to appreciate in this way. The price could even fall significantly. Unlike a business, which can grow, the functional value of gold is much lower in comparison to its cultural value.
But what would I do putting my money in gold bars?
If you have a small legacy or a saving of 2 crore rupees, at 7% interest from FDs, you would earn about 14 lakh rupees a year, or about 1,15,000 rupees per month. Of course, there would be an income tax on that earning. But enough to live by.
At a 25% return, you could earn 50 lakh rupees or almost 4 lakhs per month. What a princely sum!
Now, imagine you are a law student. Let us assume you have somehow managed to earn 30,000 rupees. You could earn this if you won a moot court competition, a couple of essay competitions, or from a stipend or a research project you undertook for a few months.
(Those who intern with us for 6 months are paid 15000 per month from the third month onwards).
If the returns are 30%, you will earn INR 9,000 per year.
It might have been auspicious, but in terms of return on investment, 30% return on this sum does not really sound life-changing.
On the other hand, even a 7% return on a 2 crore savings gives a princely sum as interest.
Logically then, shouldn’t I strive for earning 2 crores?
How can I do that?
If doing that was realistically possible, would that not be a cause for celebration on this Dhanteras?
In May 2019, I purchased a 500 dollar online course called LifeBook. It had 12 one-hour videos. The course divides life into 12 distinct areas – health & fitness, intellectual, emotional, character, spiritual, love relationship, parenting, social, career, financial, quality of life and life vision.
I started working on my Lifebook and building my life vision.
I realized that if I can earn enough to have an investment which generates about 2 lakh rupees per month, I won’t need to work for money. If the returns are 7% per annum, I’ll need a corpus of approximately 3.5 crores for it. (I am excluding taxes in this calculation).
In terms of a financial vision, this made sense.
In other words, I have to ensure
For that, I have to enhance my capacity to earn. Which means that I must getter better and our team at Lawsikho must get better and deliver better results.
What could I do for that?
I decided to go back to learning.
Incidentally, Ramanuj shared this video with me last week, and I was impressed by how effectively the speaker could communicate her message.
She truly had the power of story.
I realized that I needed to learn it. I really loved interacting with people, but I wanted our interactions to have a narrative over the technical layer.
If I could do this successfully, our interactions and engagement could reach a new level. I could reach out to you on email more often. We could add an altogether new style to our classes, something that has never been explored in India and probably in the world as a system.
Maybe Lawsikho could amplify its impact 100 or 1000 times, reach out to that many more learners. Naturally, that would enable us to grow as well.
Not because we invested more in marketing, but because we learnt how to deliver practical skills through a human experience.
The results produced by Lawsikho would expand, and so would my financial capacity. I purchased the 300 dollar program by Lisa Nichols, but it starts on 5th November.
The speaker didn’t show me this vision, I created it in my mind. But I had faith in her method and in my ability to learn and implement the learning.
The course starts in ten days, but I decided to practice writing in the way the speaker explains. For me, the joy of learning and practicing the skills I learn constitutes celebration.
This is how I am celebrating Dhanteras. I am not buying silver or gold, I am investing in learning new powerful skills that would help me to expand my business as well as my personal growth.
Enough about me. Now, it’s your turn.
How would you like to celebrate?
Do you want to buy gold bars and hope to earn uncertain returns every year, or expand your earning capacity to earn an additional ten or twenty lakhs every year?
In that case, do you want to invest in learning?
Here are some courses from us that can make amazing Dhanteras investment:
EXECUTIVE CERTIFICATE COURSES
Students of Lawsikho courses regularly produce writing assignments and work on practical exercises as a part of their coursework and develop themselves in real-life practical skill.