April 25, 2020

Foreword: "What your Banker won't tell you"

Almost everyone in the world wants to have more money than they already have. (If you are not one such person, please do not read beyond this page.) However, the science and math of saving money and generating wealth is rather poorly understood. This book attempts to answer questions on wealth generation such as:

•What is financial planning?
•Should I stop buying gold and putting money in Fixed Deposits?
•Are mutual funds and SIPs really good?
•How to identify good mutual funds?
•How to make money in the stock market?
•If everyone made money with real estate in the 20th Century and 2000s, why won’t my property appreciate in value?
•What about ULIPs? Insurance? “Retirement funds”?

However, one of the first rules of investing and becoming wealthy is to spend what you need to, after saving, and not vice versa. If you do not have a saving mindset and would rather have that expensive dress/ watch/ dinner at a high-end restaurant versus owning that incremental share or mutual fund unit or fixed deposit, no amount of information can help you.

The first step to becoming wealthy is to become addicted to saving money. Without that, nothing will work.

Get the book here: https://amzn.to/3kxPqkL