My Two Fils Damodhar Mata

Have you watched this move Sharmaji Namkeen?

It is a Sumptuous Food for Thought.

We all loved it. 

You should watch it if you haven't already.

It is Rishi Kapoor's swan song, in which he managed to capture the hearts of young and old for one last time.

It is also a celebration of food, friendship, family, and the feelings of a lonely and not-so-old man forced into early retirement. 

While the movie was light-hearted and entertaining, it is full of life lessons and a thought-provoking screenplay. 

This is Episode season one, episode 5, and today, I will share the Five Life lessons  I observed and learned from the movie Sharmaji Namkeen.

Click here to download the Ideal Retirement Planner and here to arrange a Complementary session with me.

Every month when you receive your salary, you pay so many people!

You pay your...


Landlord or the bank for the house
You pay for the electricity and water
Mobile, telephone and internet
Your Children's school
The Supermarket for groceries
Apple, Netflix, Amazon

The list goes on and on...

But when do you pay yourself, or do you even pay yourself at all?

Paying yourself first is saving money for your future before spending on your needs, wants, and, more importantly, luxuries!

It is one of the fundamental principles of financial success.

The pay yourself first strategy is quite simple to understand, isn't it?

But it looks like it is not so easy to implement!

Because not many are following this strategy, and among those who do, only a few are doing it consistently.

Why is it so difficult?

You may find it difficult if you follow the traditional budgeting approach of saving what is left after bills and payments. It is quite possible that not much is left after spending on your needs, wants and luxuries. And sometimes there could also be too much month at the end of money.

Reminds me of the funny but ironic song Too Much Month (At The End Of The Money) by Marty Stuart. Listen here...

You could keep going back to this comfort zone, with an excuse that bills come first or I don't have enough for today; how can I think about the future?

So how do you get around this?

The best and the easiest way to pay yourself first is by following the Payday Savings Strategy.

It is deciding how much you can and want to save, automating the savings to coincide with your payday, and then spending the rest guilt-free and at your discretion. 

Set up a Systematic Investment Plan(SIP) on or just after your payday. So that a particular amount is debited from your account and invested automatically into the assets of your choice.

So let's say you earn 30000 Dhs a month, and you can and want to save AED5000 every month. Then you could set up an automatic transfer every month(5000) into a savings account or an Systematic investment plan and spend the rest(25000) on your needs, wants, and luxuries. 

it not only helps you accumulate wealth consistently, it also helps you harness the power of compounding and the dollar cost averaging.

Isn't this a simple and efficient way to pay yourself first and accumulate wealth consistently.

Let me know what you think and arrange a free consultation to know more about SIP, Dollar cost averaging, power of compounding and many other useful financial concepts.

Click http://bit.ly/Meet-Damodhar-Mata to arrange a free consultation.

Is First April, a Fools Day?

While the world was busy fooling people or getting fooled, three individuals got together to create the world's biggest company on 1st April 1976.

Guess which company it is?

Yes, it is Apple.
Apple reached the 3 Trillion Dollar mark on January 2, 2022, when its share price touched $182.86.

Apple was also the first company to hit a $1 trillion market cap on August 2, 2018.

It just took a little over two years to double its market cap to $2 trillion on August 19, 2020, despite Covid-19.

Apple Computers, Inc. was formed on April 1, 1976, by college dropouts Steve Jobs, Steve Wozniak, and Ronald Wayne, who was then working at Atari as a chief draftsman.

Jobs was 21, and Wozniak was 26. They wanted to make computers small enough for people to have them in their homes or offices.

Both Jobs and Wozniak were young and enterprising, but Wayne was nervous and skeptical about this venture's prospects. He was 41 then and did not want to stake his savings on these young lads.

After 12 days, he sold his 10% stake in the company back to Jobs and Wozniak for $800.

Little did Wayne forecast that the young Turks could put a dent in the universe...

Today, a 10 percent stake in Apple would be worth $285 Billion. This number is bigger than the biggest Indian company Reliance Industries, whose market cap is around 230 billion.

It doesn't end there...

Wayne kept his original partnership contract from 1976 for many years until the early 90s, when he sold it for $500.

Wayne told Cult of Mac.

"I had this Apple contract sitting in my filing cabinet, covered in dust and cobwebs, and I thought, 'What do I need to hold onto that for?"

According to The Filthy Rich Guide, the same contract was sold at an auction for $1.59 million in 2011.

Image Source: https://www.cultofmac.com/475927/ron-wayne-quits-apple/

Now Wayne is more than 80 years old and Networth is less than 500,000.

So what do we learn from here?
For me the following are 4 key takeaways from this story…


Patience is a virtue and a much necessary trait when it comes to investing or building a start-up.
It is vital to see the bigger picture and, more importantly, trust your team instead of having a narrow, short-term vision.
It is essential to take some risks or Maybe a little more to achieve big things in life.
While someone somewhere is busy creating another big company like Apple, you can build one or invest intelligently in many such companies. You could end up being a part of something huge and create lasting wealth for yourself in the process.

Is there anything else you can learn from this story?

Share your views in the comments below..

Now, Coming back to my original question, Is April 1 the Fools day?
Yes and no, I guess...
Please share your thoughts on the above...

Arrange a Free Consultation to understand how you can participate in the growth story of worlds largest companies and create lasting wealth for yourself in the process.

Visit http://bit.ly/Meet-Damodhar-Mata to arrange to schedule our meeting. 

Here is an interesting Chinese fable about a group of frogs and an investment lesson we can learn from this story.

Markets go up and they go down, but our Investment goals are typically constant and not dependent on market conditions. 

With so much uncertainty, negative news and gloom predictions, it can be quite a challenge seeing your investment value go down!

You may be unsure if now is a time to cut the losses and sell, buy more or do nothing....

What if you sell now and the market recovers in the next few days...

Or what if you buy now and the market goes down...

Or worse what if you did nothing and the market kept on falling further...

Learn how to manage your investments when markets are falling and you are nervous about your investments.

Feel free to arrange a free expert second opinion of your portfolio to help you understand if your portfolio is aligned to your risk appetite and goals.

And if you are looking to invest for a specific goal, arrange a Free Holistic Financial Planning session.

Let me know what your thoughts are on the investment lessons from the deaf frog and share this with your family, friends and colleagues to help me spread the word.

Click here to arrange a free consultation. 

Imagine a monster eating away your savings for breakfast, lunch, and dinner. 

That is inflation. 

It is the most potential but least understood financial risk.   

Investing your savings helps you beat inflation and grow wealth.  If you don't invest your savings, then you could be denying yourself the opportunities to enhance your wealth and achieve Financial Freedom.  

While investing certainly involves some risk, it can be well managed if you follow the 5 Golden Rules of Successful Investing.  


They are  Investing is not Gambling - Stay invested for the long-term 
Focus on your goals and not on Market Returns 
Excesses are never permanent - Don't be greedy during bull markets 
A Market Correction is an opportunity - Don't pull out your investments during bear markets 
Don't put all your eggs in one basket - Diversify your investments. 



As a qualified and independent financial advisor, I can help you define your goals, determine your Personal Hurdle rate and build a diversified portfolio to achieve your financial objectives.  

Arrange a Free Consultation to understand how we can work together.  

Click http://bit.ly/Meet-Damodhar-Mata to arrange a Free Consultation.

The biggest gap in the world is the gap between knowing and doing.
Exercise is good for health, junk food is bad, and smoking can kill, we know this stuff, yet we indulge!
Much like that, when is come to building lasting wealth, it is not just about what you know and how much you know?
It is more about what is what needs to be done, and how well you are doing it.
I am Damodhar Mata, Author, Blogger and Financial Advisor in Dubai, with more than a decades experience in helping people win with money.
Here is My Two Fils, a Personal Finance Podcast in UAE.
My Goal here is to provide actionable ink each and every episode of this podcast, helping you grow wealth, create passive income and achieving your financial goals faster.
Tune in every Saturday for a brand new episode on how to win with money and dont forget to Subscribe on Apple or Google Podcasts or your favorite podcast app. 
Until next week, stay safe and stay invested.