Financial Story of Rags to riches and Riches to Rags
*Sushil Kumar* from Bihar, India created history in 2011 by becoming the *first contestant to take home Rs 5 crore from Amitabh Bachchan-hosted *Kaun Banega Crorepati*, season FIVE winner.
His is a classic case which signifies the importance of hiring a professional Financial Coach/Strategist/Mentor.
*His LIFE after KBC*
Soon after winning the KBC, he became a local celebrity and was invited for multiple events across Bihar, which kept him busy for 10-15 days every month. Because of the same, his education took a back seat.
Without learning the basic nuances of business , he started investing in various businesses based on hearsay.
Most of these ventures flopped and he lost lots of money.
He also got passionate about charity and used to donate close to Rs 50,000 every month. However, many misused his philanthropy and duped him off a lot of money.
During this period he also got addicted to smoking, alcohol etc....
Due to all this, his relationship with his wife also started straining, as she felt he had lost the sense of right and wrong.
Soon he moved all alone to Mumbai to pursue a career of a film maker.
After spending nearly six to eight months alone in the city and loosing most of his money in film making trails, he I realised its better to move to his home town...
Today he has nothing monetarily left, except experience.
The reason for his financial failure was his inability to invest money *WISELY*
*Roy's Mantra*
Learn the First Rule of investing...
(Warren Buffet)
*RULE NO. 1*- Don't Loose Money...
*RULE NO. 2* Follow Rule no. 1..
INVEST your hard earned money wisely....
Understand, Learn and have clarity on the basics of Asset Class, your Risk appetite, Financial Goals, Time Frame etc.
I always recommend clients to hire a professional Financial Strategist/Coach/MENTOR....👍
Will it not be wise to hire me as your Personal Financial Coach/Mentor/Strategist....
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Happy Investing 🙂
Biswajit Roy
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