“It is all in the mind” is a very popular proverb meaning that no one can beat the human mind if one is determined to do a task. It just needs a steely resolve, patience and perseverance. Arunima Sinha did exactly that. She became the world’s first female amputee to scale Mount Everest in 2013 for which she even got a Padma Shri Award in 2015. Belonging to a family with an army background, Arunima had initially wanted to join the Paramilitary Force. In 2011, she got a call letter from the Central Industrial Security Force (CISF) and had to travel to Delhi for the same.
While travelling by train from UP to Delhi, Arunima was attacked by criminals who wanted to rob her valuables. She tried resisting them but as fate would have it, she was flung off the train. In the accident that followed, she lost her limb which had to be amputated. However, her determination to get back to her feet was very strong and hence was fitted with a prosthetic limb. During her days in hospital, she resolved to do something challenging to prove that her disability will never be a constraint to her. That’s when she chose to climb Mount Everest!
What followed was a two year long mountaineering course after which she was ready to take on her dream. Though her artificial limb posed unique problems that her fellow climbers did not have, she managed to overcome these hurdles knowing all the way that “dying was not an option.” Climbing Mount Everest is tough even for the best of climbers who are 100% physically fit. But for an amputee, it was far tougher, gruelling and full of danger. But fortune favours the brave and despite all obstacles, Arunima reached the summit on May 21st 2013 – a world record.
Our purpose to tell you Arunima’s story is to reiterate that ‘It is all in the mind’ if you are really determined to achieve your goal. This is exactly what happens with our money and when we fall short of our goals. But we also know that those who start saving early, invest regularly and for the long term, manage to reach their goals much easily. We find this path difficult to follow purely because we are less determined.
Millennials who have just started earning, hesitate to discuss about investments as they are in a spending cycle. Those who are middle aged have the desire to invest more but expenses prevent them from saving enough. Those in the retirement phase fear that their corpus is not sufficient. In the end, it is a common feeling that they should have planned better.
This is where you need to have a resolve like Arunima that come what may, you will save first and spend later so that you have enough investments to meet all your goals. Mutual funds offer several investment options and they also help you to save regularly via Systematic Investment Plans or SIPs wherein one can begin investing with as low as Rs.500 per month. Besides providing the benefit of compounding, SIPs helps you to create wealth in the long run of 10, 15, 20 years and beyond. Hence SIP is like your Good EMI – an investment and not an instalment.
While equity mutual funds have a higher returns potential, investors fear them for their volatility. However, history has proven that volatility reduces as investment periods get longer. Thus having the resolve to stay invested in turbulent times can help investors gain from equity funds. It brings to mind a well-known Hindi film dialogue “Lehron ke saath toh koi bhi tair leta hai … par asli insaan woh hai joh lehron ko cheerkar aage badta hai”. It means that anyone can swim with the tide but only the brave swim against the tide. This is the true essence of how one’s life and investment journey must be.
Information contained in this article is not a complete representation of every material fact and is for informational purposes only. The recipient is advised to consult its adviser/ tax consultant prior to arriving at any investment decision.
Author: Franklin Templeton Mutual Fund