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    Play smart in money’s snakes & ladders: Make your way up with SIP, professional advice, dodge F&O losses and trendy market traps

    Synopsis

    Timely, disciplined money moves will accelerate your journey towards financial freedom. Bad Investment choices and lure of quick money will derail your finances quicker than you could imagine. Roll the dice and play this reimagined snakes and ladders board game for a fun take on the good, bad and ugly of money decisions

    Snakes and LaddersiStock
    While good financial moves can help you win the game of snakes and ladders when it comes to money, bad financial moves can just as easily pull you down

    Timely, disciplined money moves will accelerate your journey towards financial freedom. Bad Investment choices and lure of quick money will derail your finances quicker than you could imagine. Roll the dice and play this reimagined snakes and ladders board game for a fun take on the good, bad and ugly of money decisions.


    Click here to see the board game.



    Note: In this Illustration, For ladders, the base represents the move and the top shows the impact. For snakes, the mouth indicates the move and the tail reflects the impact.

    Other Financial Moves to Pursue or avoid

    What to do
    1.Make a will to ensure smooth transfer of assets to heirs.
    2.Ensure nominations are in place across all assets and investments.
    3.Identify and work towards key financial goals to be achieved.
    4.Review portfolio and rebalance as set allocation once every year.

    What to avoid
    1.Don't pull all your eggs into one basket. Opt for diversified asset allocation across cosmetic and foreign equities,fixed Income, real estate and gold.
    2.Don't blindly chase top performers of past. Winner keep rotating(including asset classes, funds, sectors).
    3.Don't invest purely with intention to save taxes. Identify investments that suit your risk profile.
    4.Don't rely on tips from friends or relatives. Do your own due dligence.

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    ( Originally published on Jul 19, 2025 )

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