Don't be the boiling frog: Recognize the financial dangers before it's too late

Ever felt like you're just waiting for the “right” time to get your finances in order?

It’s easy to think we’ve got plenty of time—until suddenly, we don’t.

I came across this concept of "the boiling frog syndrome" in a book called Super Thinking, and it hit my nerves. It’s this idea that if a frog is put in slowly heated water, it won’t notice the temperature rising until it’s too late. Funny, right?

But think about it—how often do we handle our finances the same way, letting small issues build up until we’re stuck?

Our decision to not “jump off” when things start heating up lands us in deeper trouble. And guess what? The same thing happens with our finances.

Always keep in Mind - To delay action is the same as death.

When it comes to money, many of us fall into the same trap as that frog.

We tell ourselves we’ll deal with it later—saving, investing, or even managing debt. But "later" has a way of turning into "never.” We all need to start planning more timely more we delay it more we lose.

Start small if you need to!! The Power of compounding

? If someone offers you Rs. 1 crore today or gives you the option to take a rupee that doubles every day for 30 days, which would you choose?

On the first day, you get Rs. 1, it doubles to Rs. 2 on the second day, Rs. 4 on the third day, and Rs. 8 on the fourth day. By the 15th day, your amount would be Rs. 16,384. By the 30th day, the amount would surpass Rs. 53 crore, reaching an impressive Rs. 53,68,70,912.

Amazing, isn’t it?

This is the power of compounding, where even small amounts, invested regularly, can accumulate significantly over time.

The key to financial success isn’t making drastic changes; it’s taking action sooner rather than later.

However, if you’re properly prepared you can still manage your financial dangers. So, start :

• Creating a simple budget is key to managing your money well. It helps you track income, prioritise expenses, and find areas to save.
• Having easy-to-access savings acts as a safety net for emergencies, preventing the need for loans or credit card debt.
• Paying bills on time avoids late fees—set reminders or use automatic payments.
• Lastly, insurance protects your health, belongings, and family. Regularly review your coverage to stay properly protected.

With the right strategies, you can turn potential financial disasters into temporary setbacks. But following someone blindly won’t always lead you to success.

And Lastly, “Suno sabki, karo apne mann ki"

You don’t have to follow every piece of financial advice out there. For example, the 50-30-20 rule might work for some, but that doesn’t mean it will fit your situation.

? Everyone has their own unique finances, struggles, and expenses. What works for one person might not work for another.

? It’s important to understand that your financial plan should be based on your own needs and goals. Instead of trying to fit into a standard formula, focus on what makes sense for your life.?

By incorporating these principles into your financial plan, you set a solid foundation for stability and growth.

“Small steps today lead to giant leaps tomorrow”.