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'Discipline is the bridge between goals and accomplishments.'

'Discipline is the key ingredient to success.'

Do these sayings sound cliché? They surely are. But clichés are clichés because they are usually true. To put it in a better light, however, discipline is the highest form of self-love. That's because it allows you to give yourself what you truly deserve — the best things in life. Read on to understand the importance of discipline in achieving your financial goals and also how you can make staying disciplined easier for you.

Consistency is key

To achieve any goal, consistency is key. This stands true for all aspects of your life - financial, health, relationships, etc. If you’ve ever tried to lose some weight you know that just paying the gym membership and showing up once or twice a week leads to no results.

Even when nurturing a new friendship, you have to constantly show up for your friends when they need you. Just one intimate conversation on a Friday night after some drinks is not going to solidify your friendship with them. Consistency is just as crucial when working towards your financial goals.

Pro tip: Consistency is about building a habit that comes to be second nature to you. So, the amount you save or invest initially doesn’t matter as much as the mere act of doing it regularly. One of the easiest ways to get started is by investing through a Systematic Investment Plan (SIP).

Most fund houses allow you to begin with as little as 500 a month. However, unless it doesn’t pinch you a tiny bit when you’re parting away with a proportion of your income when investing, you aren’t investing enough.

The magic of compounding

Have you ever planted a seed? Isn’t it miraculous that all you have to do is plant a single seed and eventually grow its roots, leaves, flowers, and even bear fruits depending on the type of seed? With the simple and singular act of planting a seed, you set this grand process of growth in motion. Compounding works precisely the same way.

You take 10,000 and invest it at 10%. In a year, it has earned you 1000. Now you get to reinvest that 1000 and earn another 10% on 11,000. This cycle continues until you withdraw either your principal or interest earned.

Pro tip: The earlier you begin investing, the more magnificent is the magic of compounding. That’s simply because you’re giving your money more time to work for you and earn you more money. So, if you invest 2 lakh at the age of 30 and get an average return of 10%, by the time you retire at 60, you will have a total of about 35 lakhs. Basically, by simply investing 2 lakhs and letting the money stay, you’ll earn about 33 lakhs! And that’s the power of compounding.

Conversely, if you begin five years later at age 35, with the same terms, by the time you’re 60, you’ll have about 21 lakhs. As you can tell, the difference of 14 lakhs is massive. That’s why time is money.

Subho Moulik, Director - Appreciate
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Subho Moulik, Director - Appreciate

Goals are like building blocks


With every life stage comes a new set of financial goals. Some of the most conventional ones are buying a car, buying a house, etc. If you have children, then taking care of their education and saving for their higher education is also a major financial goal.

Depending on your personal goals, you may want to start your own business, retire early, buy a vacation home, or settle in another country. If you don’t achieve the first few goals, as time goes by, it will become harder to even dream of newer ones. You don’t want to feel like you can’t live your life or do certain things because of money.

 Pro Tip: Set SMART financial goals - Specific, measurable, attainable, realistic, and time-based. For instance, your short-term financial goal could be renovating your home. You’d have to note what exactly you want to get done - painting, flooring, etc. - an estimate of how much it would cost, how long you have to save for it, how you’re going to save for it, etc.

When you don’t leave these specifics for later, it’s easier for you to visualize what exactly you’re working towards and motivate yourself to be disciplined. It also helps tackle whatever possible roadblocks you may face while meeting this particular financial goal. Learn more about setting goals and managing your money like a pro: here.

Accepting the bitter pill

The rewards of financial discipline are not quick. That’s a reality you have to accept to not lose heart when working towards your goals. Staying disciplined may mean you’ll have to turn down seemingly fun things at the moment, like a trip to Goa or the latest model of a phone. But in the long run, you’ll feel glad about having met your bigger financial goals. Achieving your goals, in turn, may help reduce financial stress and help you be debt-free while allowing you to live the kind of life you desire.

If you are ready to unlock the power of compounding and make your money work for you, let us at Appreciate Wealth help you out! Our AI-based algorithm allows for easy and strategic diversification of your portfolio by investing in the U.S. securities market. You can make informed investment moves without having to be an expert yourself. Simply log on to and join the waitlist to learn more about these possibilities. Learn more about why Appreciate should be your financial partner of choice here.

This article has been authored by Subho Moulik, Director - Appreciate

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