Now that I got your attention, I’ll talk some sense. First, you’ll have to work; else you won’t see the dough. However, Becoming rich isn’t some rocket science and all it takes to make it big is to plan properly. Now, since is planning is boring and calls for a protocol, most people don’t bother doing it and hence end up regretting later. If you are happy being what most people are, you don’t even have to read further. Thank you. But If you do want to do something about your life later on and ensure a smooth, easy and lazy  “making it big exercise”, you should pay heed to the following:

Learn Compounding Interest: The key to being wealthy is to make let money wear the workman’s clothes and do all the hard work, everyday (including weekends) and forever until you instruct it not to. But just like you would have to ascertain and screen employees before you let them work for you, you’d want to do that to your financial instruments too. The parameter you would want to look for — as to the viability of each of these available financial instruments — is Compounding Interest. If you don’t know what that is, get back to research mode and lap it all up.

Start saving and start early: When you are young and loaded bereft of all responsibilities — that ought to be the right time to begin planning the long journey of your financial planning. Don’t let anyone tell you that these are times to bask in glory and roll on the floor without a care in the world and that you are too young for it. Ensure that your investments reflect your risk appetite: As a thumb rule, the younger you are, the more you should be exposing yourself to risky investments - like equity, for instance. Your ability to stomach the risk would be much higher when you are young and you have your age to back you up. But then, do reshuffle your portfolio to something like 50% into equities and then 50% into debt markets or safer instruments when you approach middle-age, and as you move on towards retirement, perhaps it is time to move most of your investments into debt markets and safe instruments.

Add Insurance - both life and non-life: Now, people might just forget this vital part of your financial planning. At all stages in your life, do see to it that you have a life cover so that you can provide for your family if you were to kick the bucket and while you are living, it makes sense to pick up a health policy for yourself and your family to cover for those medical emergencies. You don’t want to end up digging out cash from your savings when these things happen to you, do you?  The younger you are, the lesser premium you would pay. Insurance, however, is not a profit making instrument — it is rather an instrument which can be used to prevent your losses due to unforeseen circumstances.

Keep at it: Life takes unexpected twists and there might be days when you’d feel that you might not be in a condition to continue investing –that won’t cut the ice. No matter what happens, you got to continue investing. Just keep at it and stretch yourself as far as you can. The rewards will hang for you to pounce on only if you make a disciplined, sustained and almost religious effort.

If you come this far and look back, you can’t help but smile at the wads of cash waiting for you.