Neal had magic in his fingers. At the young age of 15, he was a rock star in his own right. Every weekend, he performed at several shacks on the pristine beaches of Goa, the crowd swooning to each and every riff he belted out.
But Neal had bigger plans. He loved playing music in his beloved state but dreamed of something bigger – he wanted international acclaim. He wanted to be one of those stars who had put Goa on the global music map.
Of course, he had talent; he knew that. But talent was not enough to break into the international music scene. He aspired to join the coveted Berklee College of Music, and planned his journey to fame, day and night. However, there was only one thing that stood between him and his cherished dream.
“Ma, I want to study in Boston. I want to join the Berklee College of Music. Trust me – once am there, even sky is not the limit for me!”
“Son, why do you want to go so far? You are so popular here. Study in Goa and continue with your music. You will be happy.”
“But I won’t be satisfied, Ma. I have bigger dreams.”
“Neal, big dreams are for rich people. You know how hard we work to give you a decent education and run this household. It is your weekend gigs that are sponsoring your lavish lifestyle, but son, you know we can’t afford to send you abroad.”
“That’s unfair, Ma…life is unfair…”
Sad and forlorn, Neal left the room. How many times had he heard people tell him about the power of manifesting your dreams…but could he manifest money? Eventually, wasn’t it money that made everything possible?
Angry and frustrated, Neal could not sleep that night. He wondered how people became millionaires overnight. Was it a crime to be born in a middle-class family? Why did his mother say that big dreams were reserved for rich people!
Suddenly, he stood up from his bed and switched on his laptop.
“Young millionaires in Goa” – he quickly typed in Google.
After a little research, he stumbled upon the Young Achievers Club of Goa, a group of youngsters who aspired to be millionaires guided by a renowned financial advisor.
Neal started reading through the site and was astounded to learn about mutual fund investments and how investing as low as INR 500 per month could lead to a significant amount over a period of five years or more.
It was early morning, and the first rays of the sun streamed through the window, hitting Neal gently. Neal blinked his eyes, and a broad smile erupted on his face. It was a new day – one filled with hope for his future. Today, he knew the secret to manifest money. In fact, he had read that he could even grow his self-replenishing money tree!
He dashed to his mother and told her that they were meeting a financial advisor in the afternoon. She was shocked.
“Neal, we don’t have any surplus. We will only waste money by meeting a financial advisor.”
“Mom, consulting with a financial advisor is free of cost. Besides, you must trust me. We are going to grow our money tree, soon!”
Reluctantly, Neal’s mom accompanied him for the meeting.
Once there, the financial expert asked them about their financial goals and aspirations and chalked out an investment plan for them. He suggested that they make small yet regular investments in mutual funds through SIPs (Systematic Investment Plan) to grow a large corpus that could be used to fund Neal’s education.
He also explained to them that money invested in mutual funds earns a compounded rate of return. So, if invested regularly for an extended period, say over ten years, the money invested in mutual funds can grow significantly and even if you stop investing then, the portfolio would still keep growing.
Just like a money tree that keeps growing new leaves each time you pluck some – clapped Neal happily!
Both the mother and son left the financial advisor’s office with big smiles on their faces. The future of their dreams was here!
Dr. Celso Fernandes, fondly referred to as the Financial Doctor of Goa, is on a mission to empower the youth of Goa with financial literacy. A renowned speaker and author of five much-loved books, he mentors young students in financial discipline with a goal to make them financially independent much early in life. He can be contacted at +91-9422058741.