MAM
Guest Column: Dear Me…Be a good loser!
I failed often, failed bitterly, had my fair share of ups and downs. I had my apprehensions and my faults. I share here the positive convictions I have gained. May be they hold some wisdom for the millennials of today too as they venture for their first inclines.
A line in a poem by Czeslow Milosz that’s always stuck with me: “Love means to learn to look at yourself/ The way one looks at distant things/ For you are only one thing among many.” The key to happiness, the poem suggests, is to understand that you need to become less self-obsessed – so that you can better relate to the world around you.
I was fortunate to rise to the job of a CEO within 11 years of take-off.
24 years since I started and as an athlete at the peak of his game today, here are 7 things I would want my younger self to take care of.
1. Seize the moment. Carpe Diem. I would volunteer for the next responsibility and rise to the occasion. I would not make ‘best’ the enemy of ‘better’. No work is too small. I would relish the opportunity to work. If you’re not progressing, you’re regressing; so, keep moving forward. The key to success in any field or endeavor is to keep moving forward. In the block-buster Indian movie Baahubali, the Hero gives the dark horse a piece of advice – “Zindagi Ek Baar Sher banane ka mauka sabko zaroor deti hai” (Life gives you the chance to become a Hero at least once). This one moment must be seized. Also as goes the popular Hindi saying “Behta paani nirmala” – translated into English which is “Rolling Stones gather no moss”.
2. Take care of myself. Your body is the greatest instrument you will ever have. I would keep it in fit condition. You are beyond your body. The quality and power of your mind will determine how you well you would fare in the wake of challenges. I would train my mind. The importance of constant upgradation of your intellect cannot be emphasised enough.
3. Kill my ego. Adapt to the world. You need them. They don’t. Simple. Adapt to the situation or the challenge. Not even a whiff of entitlement. Please. Half of my problems is me. The other half is the circumstances. I would find the best combination.
4. Choose to be happy. I would not be rigid about my wants. I would awake to the truth that I can change my wants. Happiness does not depend on anything but me. Wants are changeable.
5. Save money. I would start early to create wealth by saving money. A dollar yesterday is bigger than one today. Money grows. The power of the exponential function is one of the most misunderstood!
6. Be a good loser. I would rise every time I fall. You only fail if you do not get up. I would fail fast, fail often, fail uninhibitedly and fail – not quit – till I succeed. And again… A progressive mentality doesn’t mean that you’ll never experience major setbacks, or even utter failure–which can deliver vital lessons and invaluable experience. Additionally, reflecting on how far you’ve come can provide necessary motivation. Remember, there are no shortcuts. True success is as much about hard work as about resilience–the ability to keep getting up when you’re tempted to throw in the towel. Never give up. Ever.
7. Find my spiritual center. I would involve myself in spirituality much earlier than I did. To know how to live better, be content and spend life so that it is worthwhile.
Some of the above are convictions because they invariably stood me in good stead. Some of them I did not practise but would be wise to – were I to do it again! Happy Living.
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(Piyush Sharma, a global tech, media and entrepreneurial leader, created the successful foray of Zee Entertainment in India and globally under the ‘Living’ brand. The views expressed here are of the writer’s and Indiantelevision.com may not subscribe to them.) |
If you are actively investing to grow your money month after month, you already understand the value of planning ahead. SIPs, long-term portfolios, retirement planning and goal-based investing all point to one thing. You are building a future with intent.
What often gets missed in this process is one foundational question. How well is the income that funds all these plans protected?
Term life insurance fits naturally into this stage of financial planning. It does not compete with investments. It supports them by protecting the income that makes long-term growth possible.
Why Income Protection Is a Core Part of Financial Planning
Every financial plan begins with income. Before money is invested or saved, it is earned.
Over time, this income is allocated across multiple needs:
● monthly household expenses
● EMIs and long-term loans
● savings and emergency funds
● investments aimed at future goals
As responsibilities increase, financial planning becomes layered. Each layer assumes income continuity. Term life insurance exists to ensure that this structure does not become fragile due to overdependence on a single income source.
It adds stability to plans already in motion rather than introducing a new objective.
What does term life insurance do?
Term life insurance provides a fixed payout to your nominee if you pass away during the policy term. The purpose of this payout is practical and clearly defined.
It is intended to:
● replace lost income for a defined period
● help manage outstanding liabilities
● support ongoing household and goal-based expenses
There is no investment or savings component. This keeps the product focused and cost-efficient, allowing individuals to opt for meaningful coverage without diverting funds meant for growth-oriented investments.
Why Term Life Insurance Complements Investing?
Investments and insurance play different roles in a financial plan.
Investments are designed to:
● grow wealth over time
● compound with consistency
● be adjusted as goals and risk appetite change
Term life insurance is designed to:
● provide financial continuity
● protect existing plans from disruption
● remain stable once put in place
Keeping these roles separate improves clarity. Investments are allowed to perform without being forced to double up as protection, while insurance quietly supports the overall structure.
Who Should Consider Term Life Insurance?
Term life insurance becomes relevant when financial planning extends beyond individual needs. This typically includes:
a) Working professionals
When income supports shared expenses or long-term plans, protection becomes essential.
b) Individuals with long-term liabilities
Home loans, education loans and other EMIs often extend over decades. Term insurance ensures these obligations remain manageable.
c) Parents planning future milestones
Education, healthcare and lifestyle goals require continuity over many years.
d) Early planners with rising incomes
Starting earlier allows coverage to align smoothly with career progression and evolving responsibilities.
How Much Coverage Should Be Considered?
Coverage should be guided by financial reality rather than affordability alone.
A well-rounded evaluation typically considers:
● number of years income needs to be replaced
● existing and future liabilities
● long-term goals already planned
● inflation and rising living costs
Many insurance companies offer options starting from 50 lakhs, 1 crore term insurance and higher. It allows individuals to choose coverage based on their income, liabilities and future plans.
How Term Life Insurance Fits Into a Long-Term Plan
Once set up, term life insurance does not demand frequent attention.
It does not require active monitoring, market tracking or performance reviews. Its role is structural rather than dynamic.
By ensuring financial continuity, it allows families to:
● stay aligned with long-term plans
● avoid rushed financial decisions
● focus on execution rather than damage control
When aligned correctly, term insurance strengthens the foundation on which investments, savings and retirement plans are built.
Choose the Right Insurance Partner
Once the need, coverage amount and role of term life insurance are clear, the final and most important step is choosing the right partner.
This decision should be based on:
● clarity and transparency in policy terms
● a strong claim settlement track record
● consistency in servicing and communication
● the ability to support long-term financial planning rather than just selling a product
Term life insurance is a long-term commitment. The partner you choose today will be the one your family relies on years down the line.
When protection is aligned with purpose and backed by a dependable insurer, term life insurance becomes a quiet but powerful part of a well-built financial plan.
