The Different ways we Pay

Amar Pandit , CFA , CFP

Amar Pandit

A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.

These are a few ways we pay in our business. Everyone has the option to pay with them.

a. Pay Money
b. Pay with Time
c. Pay with Mistakes
d. Pay with slow to no growth (except mark to market appreciation)
e. Pay with losing clients
f. Pay with not acquiring ideal clients
g. Pay with acquiring loads of retail clients who you can’t profitably serve
h. Pay with Stress from an overload of non-ideal clients
i. Pay with doing non-essential things

j-z- There is a long list which we can all fill in, but I know you get the point.

What do you prefer paying with?

I prefer paying with my time, energy, and money. We all call this Investing.

It’s so ironic that we tell investors to invest for their future, yet we do not follow the same when it comes to the future of our business.

Thus, we pay with points (c) to (z).  

As always, the choice is yours. What do you want to continue paying with?