ICC World Cup: 4 wealth management lessons from the cricket field

economictimes.indiatimes.com:

ICC ODI World Cup after an astounding 160-run victory over the Netherlands. This marks India's remarkable 9th consecutive victory in the tournament. The cricketing world is alive with excitement, as India gears up to face New Zealand in the semi-finals.

As we revel in this cricketing spectacle, our attention is naturally drawn to the stars of the game.

The likes of Virat Kohli and Rohit Sharma, who dazzle us with their stunning innings, have the cricketing world captivated. On the other end of the pitch, New Zealand's Mitchell Santner and India's Jasprit Bumrah showcase their extraordinary skills, taking wickets with finesse. It's a spectacular sight to behold.

But as we cheer on our favourite teams and players, there's a deeper lesson to be leart from the cricketing arena.

Beyond the boundaries and sixes, beyond the roars of the crowd, there's a wealth of wisdom to be extracted — a lesson in effective wealth management that can change the game for all of us.

1) Eye on the Ball: Setting Financial Goals
Just as Virat Kohli keeps his eye on the cricket ball, we must maintain an unwavering focus on our financial goals. Before stepping onto the investment pitch, establish your financial goal. It's your North Star, guiding every move you make.

Whether it's retirement, buying a home, or funding your child's education, a clear goal sets the direction for your financial strategy. Remember, «The goal is the starting point of every journey.»

2) The Game of Assets: Adapting to Different Formats
Cricket offers diverse formats — One Day Internationals, Test matches, and the lightning-quick Twenty20s. Similarly, wealth management encompasses various assets — equity, debt, gold, and more.