This article is written by Ramanuj Mukherjee, CEO, LawSikho.

There is just about a week left of the current financial year. A new financial year starts from April 1.

This means a few things.

One is that you should take stock of your financial situation. How is your financial health?

If it’s good, you probably know the importance of investment. The investment makes you rich and successful, not income. Income comes and goes. Investment grows. Compounds. Creates long term wealth.

Increase the momentum of your investments next year.

Sure, make financial investments, but do not forget to invest in your health, mind and intellect. Invest in new skills and knowledge that are aligned with where the world is headed.

You are yourself your biggest asset and you need investment to become the best possible version of yourself.

If you are not doing financially well, then it is even more important that you begin to invest. Invest a small sum. Invest chunks of time towards getting better at new and important skills.

Invest at least 10% of what you earn, or get as pocket money, in long term investments. I invest 30%-50% of my income, if not more, towards financial and personal growth.

I don’t own a car, because it would be a liability. I try to use two-wheelers for mobility. I do not own a house. I do not own expensive watches or gadgets.

I own a MacBook air for the last 4 years because it is an investment in my work. I have been using my current One Plus phone for at least 2 years now. I have no plans to replace them as long as they work.

I spend very little on clothes. I travel cheap even when I go on holidays.

However, when it comes to investments, I am a luxurious spender. And all my investments are long term, keeping 10 or 20 years investment horizons in mind.

That is how I run LawSikho also. The focus is always on long term growth, and not making money in the short term. That is how I built iPleaders blog into a blogging behemoth with 1 million plus readers a month despite spending very little on it.

What have you been investing in? Do you spend enough on your skills and personal and professional growth? Can you put a number on it for the financial year that is going away?

What about the next financial year? How much will you be investing financially? How much will you spend on your growth?

Here are a few things you can do in the last week of this financial year proactively do to make your next year better:

1. Do you work for someone else? Ask your boss to buy you a good course that you want to buy but have not managed to buy it by yourself. Prepare a strong case, explaining how it will help you to perform better at your current work and provide additional value to the organization. If possible, prepare a presentation or a PDF proposal. The more you invest in convincing, better would be your chance of getting that course sponsored by your boss.
2. Are you getting a raise in the coming financial year? Have a chat with your boss about it. Ask him: what would you have to do in the organization to get a 30% hike in the next 6 months? What value can you generate for the organization that your boss will happily increase it that much?
3. Your earnings should be connected to the value you generate, not some stupid hierarchy. Hierarchy is for mediocre people. Top performers want to get out of it. Find a job, profession or business where you can charge a percentage of the value you generate.
4. To generate more value, what new skills do you need to learn? Make a list. You are going to tick things off this list as the year progress. Put up this list on your bedroom wall, where you will see this physically every single day!
5. If you are in business, are you raising your prices in the next financial year? How can you deliver more value to your clients?
6. If you are a student, what would it take to start earning and saving in the new financial year? What services can you sell out there? What new skills are you going to learn and add to your kitty this year? Start an investment account (demat) at least. Even if you don’t have money to invest right now, just get the paperwork done and be ready. Then look for opportunities to earn.
7. Get started, even if you take tiny, small steps.

Gentle reminder on price escalation and enrollment closing @ LawSikho

Admission for one diploma course and some executive certification courses will be closing in 6 days.

We only take 20 students in a batch. There are very few seats left.

You can try them risk-free. Check out the refund policy that should give you confidence here.

Also, the prices of all our courses would be going up from April 15.

The courses that are priced at INR 25,000 now (23,600 if you pay at once), will be priced at INR 30,000 from 15th April. Courses that are priced at INR 10,000 now, will be priced at INR 15,000. Courses which are INR 18,000 currently, will be priced at INR 20,000.

In case you are interested, you should not wait at all. You could join now and get access right away, and start learning some amazing practical legal lessons right away.

Diploma

Executive Certificate Course 

• Certificate Course in Arbitration: Strategy, Procedure, and Drafting
• Certificate Course in Real Estate Laws