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Pain of Discipline Vs Pain of Regret

  January 1,1900


Jim Rohn quotes, “We must all suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons.”

This holds good in personal finance. The pain of regret certainly weighs tons and tons. Sadly – the pain of regret is realized very late in the investment journey and hardly there isn’t much time available to fix the pain of regret.

Common Investor Regrets:

  1. I should have started investing 5/10/15 years back (New Investor)
  2. I should have invested more in equities (Experienced investor)
  3. I should have invested more when the market crashed

There is no point worrying about this mistake (Read as pain of regret). You must have a plan to fix these regrets if you are in a mission to accomplish your financial freedom. All these regrets can be fixed if you realize the pain at an early stage. Markets are volatile in short term but they are surely compounders in long term. My first investment was in 2012 when Sensex was 17,000 level. Today it is trading at 63,000. This is almost 4X growth. While the broader markets have given 4X growth – some mutual funds have actually given 10X growth. This can again be a pain of regret to some readers.

Over the last 11 years, there had been several crashes in market but still it is the PAIN OF DISCIPLINE that has won the battle. I end this blog with a graph that shows the wealth creation journey of Mr Ramdeo Agrwal of Motilal Oswal. His journey from 0 to 1000 crores has seen lot of swings. Pain of discipline wins hands down every single time. Stay disciplined, Think long. Your goal is financial freedom and not to worry about the market swings.

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