Every year end of dec ( for mnc) or end of March ( for indian companies) we wait expectantly and elate or deflate basis the bonus we get for the year from our organizations. This yearly routine plays extreme emotional games with us.. creating an end of the year reward mechanism for all of the effort we have put in the last year.
Now, in our own organization ( yes- we have our own organization called as "yournameinvestment ltd") our employees ie our investments, SIPs or emi all also wait for their yearly bonuses. However our ceo ie you.. mostly ignore the needs of our employees and do not reward them with any additional money.
Bonus is provided to employees because employees are critical for the companies growth and success. In our case , we need to continue to grow our company as it feeds our goals of education , marriage and retirement.
We need to look at it very seriously how we should be increasing our investments year on year.. at least on a similiar path like what we expect from our employers. So if you get a 10% salary increase, you should increase your SIP / Emi by the same amount and you should invest your bonus in at least the same ratio as your monthly salary of not 2x that amount.
Every year increase can increase your comfort towards your goals significantly.
Focus on the basics for your employees.. they work very hard and such practices need to be inculcated into your routine..
Can you do a calculation to see how this impacts your investment..a 10% top up yearly ?
Thats simplefinancialsense
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