MUTUAL FUNDS: Diligence Is The Mother Of Success India's First Free Online / On-call Financial Advisory India’s First Free Online / On-call Financial Advisory / Best Free Financial Advice

Diligence is the earnest, conscientious application of our energy to accomplish what we have undertaken. When we are diligent, we pay careful attention to detail and are dedicated to achieving quality results. Diligence means that we are continually working toward our goals, making use of what resources and opportunities are available. We are vigilant to avoid errors and to stay focused on the task. Our diligence provides a basis for people trusting us with jobs that are tricky or complicated and important to them.

Diligence does not rely on talent, but employs commitment, industry, and perseverance to transform vision into reality. Diligence is the key to success as it means that success involves persistence and cannot be achieved overnight. The true meaning of diligence is not to exert ourselves around the clock without rest, but to work persistently and efficiently without wasting time. Some people believe in luck, but that outlook may deliver negative messages.

For example: If a farmer just ploughs his field for a day and rests for most of the season, he would gain nothing. On the contrary, some people understand the importance of diligence and forming good habits, and I believe they are on the right track. For example, the reason why the Chinese women’s table tennis team does so well is that they all work hard training every day. Diligence is especially true in studying. We all know that once time is wasted, it will never return. As a junior college student who only has a three-year university life, I know we should devote more time and energy to our studies, because diligence will lead us to success.

Once upon a time, there was a washer man with three donkeys within whom one among them ate more. The donkey was so lazy that it never engages in any work and fell asleep whenever it wants. The washer man was very angry about it so he decided to sell it. Another washer man was passing by when he saw the notice board written for sale of that donkey. He wanted to test the donkey before finalizing the deal of acquiring it. To his horror, it slept and ate all day without even listening to the master. The washer man returned the donkey to its former master and fled.

Just like the washer man, it is important to conduct due diligence of the investment that we wish to invest in. Always opt for investment scheme like mutual funds, which are transparent, well-regulated and professionally managed.

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