Investing seems like where the money is at, but the problem is that many of us do not know where to begin. The investing industry is so broad that at first glance, it can be overwhelming with choices. Should you look into cryptocurrency? Back entrepreneurs? Invest in bonds? Stocks?
Shakeel Ahmad Meer took all of this into consideration and decided to focus on ESG industries, investing in electric bike production, sustainable urban development, and smart hybrid vCommerce, believing that this is the way forward.
But who is Shakeel Ahmad Meer? Just a boy who made it in the U.K as a multi-millionaire business owner?
He is a backer of multiple businesses and though he originally studied engineering, he has found great success as an investor. So much so that he has become something of a wealth coach.
When asked his advice on how one is able to follow his footsteps, he says that, “Putting all your eggs in one basket is the most foolish choice anyone can make. If anything happens to that basket, you’ll be left with nothing. The ideal way to invest is to separate your eggs into different baskets where they have optimum potential for growth,” the founder of Meer Capital knows exactly what he is talking about, having amassed not only wealth but also hordes of followers and clients who wants to know how he rose to become a British multimillionaire.
Set realistic goals
“So many people want to buy a house, but a house, in today’s market, though profitable and a solid investment, is not something that everyone can easily afford. Why make yourself suffer when you can grow with your existing pool of funds?” Shakeel shies away from the traditionally safe methods of investing and instead guides his clients to think outside the box, “It is great to have big dreams, but you don’t have to take big steps to achieve them. Sustainable investing is about growing with small steps and realistic goals.”
As a financial advisor and investment coach, Shakeel would suggest that his clients think about why they want to invest and what they are hoping to achieve, as well as evaluate their existing assets and devise a strategy that can help them reach, not just their financial goals, but the goals that they set for themselves or a difference they want to achieve in the world.
For Shakeel, whose dreams have never been small, he plans to launch his own line of electric bikes this year and wants to impact 100M people in the world with his view of the world.
“Sustainable development, whether in construction or business, or any kind of industry, really, is what is going to truly set you apart from the competition. There may be millions of companies, but we only have one earth, and people are beginning to understand this concept.”
Evaluate your risks
Some are happy to throw in 100% of their money, whereas there are other clients who are more comfortable with investing only 20% of their income. There is no right or wrong approach, but it is important for clients to recognise what kind of risk they are willing to take.
It also forces his clients to evaluate their own spending behavior.
“Having a good idea of how you are using your money will help you learn how to better manage your finances. It can also determine what is the best way to invest those funds, based on these patterns,” he shares about how best to evaluate risk, “but one of the most important things is having an emergency fund. It doesn’t matter how much money you have right now, or how well you’re doing right now, it’s crucial that you have a fund that can keep you afloat for at least three to six months of no income. We never know what can happen and it’s in your own best interest that you plan for the worst.”
