Wishlist

A wish can enter into wishlist only if it passes the litmus test.

Litmus Test: Every wish has its own cost in terms of time, money, effort, resources, challenges, and risks

• Are you ready?

  • Do you understand challenges, competition, risk, and rewards?

  • Do you have or How you gain insight, understanding, and experience to do it?

  • Are you ready to learn, explore, invest money, put efforts, and loose sleep?

• How much money do you have?

  • What is initial investment to pay workforce, bills, errands?

  • How long can you sustain regular life without any income from the new venture?

• How will you make money?

  • How do you pay your salary, liabilities, bills, and cover operations expenses?

  • What is the exit criteria to cover losses if all you have to face? Plan B?

• What time frame are you looking at?

  • What time is required for preparation, implementation, evaluating, and sale?

  • How much time & effort is required before you can pay bills from money earned?

• Who is your team?

  • Who will pay expenses? Who’s money is put on your idea? What will be your share?

  • Who are your mentors? Who know field, who can help with difficult times, suggest?

  • Who is ready to work with you on project? Whom could you convince on your idea?

Short term experiments

• Take up low investment and high return projects in areas of your highest point of contribution

• Carefully takeout ULIPs into mainstream, track daily expenses, invest long term, understand Stocks

• Minimize time that you spend on work by eliminating non-essentials, focus, and delegation

Mid term adventures

• Shelter without shock - easy on price, well-equipped/reachable, calm & close to nature

• Financial security - to face tough times, critical illness, mishappen

Long term voyages

• Freedom from 9 to 5 madness - time to try new things, be creative