INVESTMENT LESSONS FROM THE MOVIE CHAL MANN JEETVA JAIYE
Whom do you listen to when there is a serious conflict between your brain your heart?
What happens when the definition of practicality according to your heart and mind are not in the sink?
We all have dreams; goals and we all have desires that we are passionate about. One of the things that can make life especially beautiful is pursuing those goals. By so doing, we often gain a profound sense of fulfilment, which makes life much more meaningful and purposeful. This is because, for many people, the true beauty of life is associated with a sense of purposefulness, isn’t it?
However, in an attempt to accomplish their goals or fulfil their use-to-lifestyle many people often neglect distinguishing business and personal investments. They spend what they earn; they fail to plan for their personal expenses, for their emergencies, for their financial goals and so on. They fail to build a firewall around their investments.
As a money multiplier, I believe there are Eight fundamental rules that govern the science of wealth multiplication, the story of Chal Mann Jeetva Jaiye stands as a perfect example for the consequences of not following these 8 rules of wealth creation. If scrutinize this film, there are many amazing concepts that we can learn and which can be beneficial to your investment journey or wealth creation.
The movie begins with a déjà vu situation where a father pressurizes his son (Dev) to emerge as a victor, to be a success. Dev unknowingly starts following his father’s dream, however, he is clueless on how to go about it.
Co-relation in real life – At some point in time, each one of us faces a similar situation, when it comes to our investments or wealth creation. As an investor, we start investing in multi-bagger stocks without having or gaining enough knowledge about the company we are investing in. We fail to research and study the market, the company and may face a failure.
It’s hence very important to start with first things first. Before we begin investing, it’s utmost important to gather knowledge. If we don’t do a thorough study of the company, then there are chances that we might lose our capital rather than achieving reasonable returns.
Dev is constantly pressurized and tortured by his father to achieve victory. He has been always pushed to accomplish dreams that his father had for him. He never got a chance to think for himself, his dreams, and his goals. He was never given a chance to explore his interests and that affected his decision making power.
He was constantly pressurized to think about fulfilling the materialistic and luxurious life of the family that he wanted to maintain and that led him in making a wrong decision. He chooses an unethical path, he leaves the country and frauds people by taking away all the money that they had invested in his company.
Co-relation in real life – Likewise, each one of us lives a “use-to-lifestyle” and we have to plan for it. We need to create a corpus fund to fulfil this use-to-lifestyle even when we don’t have Earning Power (EP).
PEOPLE WHO FAIL TO PLAN, PLANS TO FAIL.
Hence, it’s quintessential to plan our investments strategically. And in doing so, we need to begin by identifying our financial goals, the cost of our use-to-lifestyle, our budget, our EP, and our expenses.
I have often observed, people spend from their income and invest what remains, exactly what Dev does. He spends his income to fulfil the use-to-lifestyle of his family. However, it’s exactly contrary to the eight fundamental principles of wealth creation:
Income – Savings = Expense
Viren, who is playing a character of Vasant’s son, saw his father being stressed and hence taking wrong decisions. So he keeps himself calm and stays emotionally stable and decides that he won’t let his father take the wrong decision. Vasant asks his family to support him and the whole family does that accept Viren and Dev. Although knowing that this is the crucial time for the entire family and they will have to face the whole family; both the brothers decide to stick to the ethical and the correct path. The family often scolded them, tried to emotionally break them and also tried to prove them wrong but these brothers keep fighting for what’s right and not bothering that it was their family on the other end.
Co-relation in real life – Market often shows us a challenging period during our investment journey but we need to remain emotionally stable and keep ourselves away from emotional diseases such as ego, envy, greed, fear etc. All such emotions influence our decision and lead us to get deviate from our process. Please refer to the article for further details of how does our emotion influence our investment
Vasant and Viren both have different perceptions of the same situation. Viren was enforcing for a different viewpoint which led the entire family re-think about their decision and yes they finally accepted the viewpoint that Viren and Dev have been explaining since the beginning, as it was a better and an ethical way of dealing with the problems. We should accept the viewpoint of the other and try to empathize with their angle. There is a possibility that we might get a new perspective to see a problem and that can be more useful in our decision making.
Co-relation in real life – When it comes to our investment journey; we face the same situation. There are ample of people who will give you too many companies to make investments in, as per their knowledge and their research. But it’s up to us whether to believe all of them or to believe some of them. People have a different mindset and there will be a situation where 1 person days good about the company whereas the other says bad. In such a situation; we get to know a different viewpoint and a different perspective from various people we trust on. But we should at times believe in people and re-think a couple of times before investing, as it is a matter of our earned money through hard work.
- Acceptance of our mistake
Extract from the movie – Vasant accepted his mistake of taking a wrong decision due to stress and ego and he decides to change his decision. If he wouldn’t have accepted the viewpoint and changed his decision in time; then that would have led him to lose his brand value, his goodwill, his happiness, his inner peace, the trust that others had in him, his relationships, etc.
Co-relation in real life – We often make mistakes during our investment journey but we need to realize it at the earliest and accept our wrong decision by not getting influenced by other factors. We should think of recovering our losses and increasing our profits rather than feeling guilty about our wrong decision.
- Have faith in yourself
Extract from the movie – Vasant in his past had grown the business and created a brand value. He had never lost his money. But when he faced such a situation; he had lost faith in his own self and he thought that he doesn’t have the courage to rebuild the empire. But Viren always showed trust in his father’s ability and he kept on saying that he knows that his father has the ability to build an empire again.
Co-relation in real life – During a sluggish market scenario, there are times that even our best investment cannot generate good money for us. But we have to have patience and trust in our decisions that sooner or later we will earn and gain good returns.
- We are losers just because of ourselves and not because of others
Extract from the movie – Dev was unable to express his thoughts in front of his own family. His continuous failure due to his father pressure had restricted him to open up and talk about what he wanted to. When he was asked to faced his complexions and his fear; only then he fought with his own self and was able to realize that he failed because he had created a belief in his mind that he is unable to do anything in his life. He only can able to create an impression in front of his family after getting the realization of his weaknesses. It was then that he realized that it wasn’t his father that was the cause of his failure but it was his inner self that didn’t let him take a leap. But when he overcame his weaknesses; he achieved success.
Co-relation in real life – We also face similar situations during our investment journey. We might have made losses couple of times. But we should face those failures and try learning of overcoming them rather than withdrawing the money. One should think of recovering the losses and switching from the negative balance (loss) to the positive balance (profits). If we don’t think positive then those failures might affect our future decision for making an investment.
As it is rightly said “YOU MAY FIND THE WORST ENEMY OR BEST FRIEND IN YOURSELF”
- Building brand value takes efforts for years but just a few minutes to ruin it
Extract from the movie – Vasant and his brothers had worked really hard for years to create a brand value for their company. But if he would have decided to take a wrong decision of declaring bankruptcy; then that would have ruined the brand image that they had build in for years. People would have cursed them for their decision as they would have cheated them. And this would have created a negative impact on the company and its image.
Co-relation in real life – Similarly, we should always be careful while taking a decision in life and not make any blunders. We should think with a peaceful mind and not at least when we are stressed. If done so in stress; we can lose the trust that people have in us and we can harm our reputation, which we have built with our hard work over the years. Remember, “DON’T LET ONE MISTAKE RUIN A BEAUTIFUL THING”.
- What happens when in crisis an intellectual man loses his ability to think wisely?
- What happens when your ego wins over your self-confidence?
- What do you do, when you have to choose between personal pleasure and benefit of the masses?
- How do you win, not against the world, but against and for your own family?
I am here to discuss what appealed me the most about this movie. No, don’t get me wrong; I am not here to promote this movie but to discuss the profound message that it delivers.
We often make decisions, that we feel to be true, but know, aren’t the right ones! Our instinct most of the time knows what’s right, but our ego shields the voice of our conscience in a way, that it becomes really difficult to listen to that whisper. What do you do then? They’ve called it “Face Yourself”! Your instinct is nothing but a true, soulful part of you. Face that side of you. Close your eyes, and talk to your soul, your conscience. It’s only when you can face yourself, you know that you’ve made the right decision.
At times, it’s not the external circumstances, not the people around us, but our inner complexes that keep us away from winning. It’s important to get conscious of our complexes. Until and unless we don’t realize our weakness, how will we ever transform it into our strength?
This movie changes the perception of victory. It’s way beyond associating “winning” with trophies, awards or monetary rewards. It’s about “winning yourself”. Let’s win, over our fears, over our complexes. Let’s win over our weaknesses, let’s make them our biggest strength! When you wish to win the world; first, win over yourself!
Chal Man Jeetva Jaiye!