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In the course of our discussion, Mr Thakur narrated the story of a Nigerian multi-millionaire, who even though had all the riches of the world, remarked that he had no money.

Strange, isn't it?

One day, the Nigerian gentleman asked his investment advisers where his money was. As expected, they had parked his money in shares, bonds, bank deposits, etc.

The Nigerian multi-millionaire claimed that all this was paper money and it did not bring him any joy. He instructed his advisers to redeem all his investments and then had them display the wealth in his palace. Finally, the multi-millionaire Nigerian remarked that 'Now I feel rich!'

To put in perspective, even for the richest of men, wealth is seldom enough. So if you don't feel wealthy enough, don't worry, you're not alone.

As if reading my thoughts, Mr Thakur, asked me what my idea of wealth was?

A bit hesitant; I shared the standard, buying a house, a car, a diamond necklace, lots of money in the bank, and stress-free life.

Mr Thakur let out a sigh and remarked that he was just like me. A simple working class man in Mumbai, making ends meet and wanting all the things I just listed (except for the diamond necklace, he preferred gold!). Soon enough he realized that achieving wealth was a lot harder than it seemed.

It wasn't just about working 10-15 hours a day (Like Mr Elon Musk!); creating wealth was a factor of both investing in good avenues with the help of an honest and an unbiased investment adviser.

He narrated his wealth creation journey to me, and labelling it inspirational is still an understatement. Here's how a common man made millions in Mumbai.

Mr Thakur was a conservative investor as was the norm in early 1980s-1990s, until a chance encounter with PersonalFN's representative, which altered his wealth creation journey.

Table 1: Growing wealth through bank FDs

Year	Average Interest Rate (%)	Monthly Investment** (Rs)	Bonus Invested** (Rs)	Future Value (Rs)
2000	9.00%	5,000	50,000	117,697
2001	8.00%	5,500	54,000	254,879
2002	5.13%	6,050	58,320	404,280
2003	4.63%	6,655	62,986	571,230
2004	5.38%	7,321	68,024	764,920
2005	6.25%	8,053	73,466	992,278
2006	8.25%	8,858	79,344	1,274,617
2007	8.50%	9,744	85,691	1,602,996
2008	8.38%	10,718	92,547	1,977,725
2009	6.50%	11,790	99,950	2,363,380
2010	7.00%	12,969	107,946	2,811,632
2011	8.25%	14,266	116,582	3,358,172
2012	9.25%	15,692	125,909	4,018,391
2013	9.00%	17,261	135,981	4,761,598
2014	8.75%	18,987	146,860	5,594,540
2015	8.25%	20,886	158,608	6,508,271
2016	7.15%	22,975	171,297	7,459,736
2017	6.75%	25,272	185,001	8,491,612
2018	6.50%	27,800	199,801	9,619,070
2019	6.80%	30,580	215,785	10,905,623
Total		3,436,500	2,288,098	10,905,623

**growth in monthly investment and bonus considered at 8%
(Source: RBI Website)

Assuming Mr Thakur invested Rs 5,000 per month from his savings along with a yearly investment of Rs 50,000 (bonus received), in the last 19 years, his investment of Rs 57 lakhs would be Rs 1.09 crore, i.e. a gain of a staggering Rs 51.81 lakhs.

But as I mentioned, he met us and that changed his approach to investments, thereby altering his wealth creation journey forever!

Since all his financial goals were achieved before the 2000s, the corpus he was creating was for his grandkids and therefore he was willing to go all out in equities.

Table 2: Growing wealth through mutual funds

Year	Monthly Investment (Rs)	Bonus Invested (Rs)	Future Value (Rs)
2000	5,000	50,000	120,388
2001	5,500	54,000	266,956
2002	6,050	58,320	444,026
2003	6,655	62,986	656,559
2004	7,321	68,024	910,249
2005	8,053	73,466	1,211,623
2006	8,858	79,344	1,568,156
2007	9,744	85,691	1,988,406
2008	10,718	92,547	2,482,159
2009	11,790	99,950	3,060,604
2010	12,969	107,946	3,736,522
2011	14,266	116,582	4,524,506
2012	15,692	125,909	5,441,210
2013	17,261	135,981	6,505,625
2014	18,987	146,860	7,739,403
2015	20,886	158,608	9,167,215
2016	22,975	171,297	10,817,162
2017	25,272	185,001	12,721,235
2018	27,800	199,801	14,915,840
2019	30,580	215,785	17,442,398
Total	3,436,500	2,288,098	17,442,398

(*return on equity mutual funds assumed at 12%)

On a similar investment of Rs 57 Lakhs, Mr Thakur's portfolio today stands at Rs 1.74 Crore, a net gain of 1.17 Crore!

Of course, his portfolio had its own share of highs and lows, but he stuck to his belief and with PersonalFN.

His belief in our strategies paid off and as he often remarks, 'I don't care what the self-proclaimed investment gurus say, as long as PersonalFN handles my portfolio; I'm in fairly safe and honest hands'.

Clients like these are like therapy for us, advisers, because they make us feel a part of their wealth creation journey and seeing their wealth grow leaps and bounds, reassures us that hard work (in research) and honest and unbiased advice always pays off.

When Mr Thakur approached us, he was hesitant and why wouldn't he be, with all the rampant mis-selling and unethical advisors at every nook and corner of the country. But, at PersonalFN, under the guidance of our founder, Mr Ajit Dayal, we stand tall in our honest and ethical approach towards managing our client's hard-earned money.

Woody Allen (American actor and director) famously said, 'Money is better than poverty, if only for financial reasons'.

Or as the Nigerian multi-millionaire would say, 'Show me the money!'

If you too are starting your wealth creation journey or have already started, ensure you invest prudently in two basic aspects: An honest adviser and honest advice. If you haven't found them yet, look no further and reach out to us & be rest assured that PersonalFN will take the utmost care of you and your financial aspirations.

As pioneers in the 'Wealth creation & Wealth Advisory' space for nearly two decades, our experience has helped us acquire diverse knowledge and expertise in handling an individual's financial insecurities, goals, and aspirations.

If you wish to enlist our experience of two decades to grow your wealth, get in touch with PersonalFN's Certified Financial Planners on 022-61361200 or write to info@personalfn.com.You may also fill in this form, and soon our experienced financial planners will reach out to you.

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peterash2004@gmail.com May 14, 2019 Looking for financial planning service.

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