Download Brochure
Total Page:16
File Type:pdf, Size:1020Kb
16 PERSONAl FIN NCE PRINCIPLES EVERY INVESTOR SHOULD KNO * Pinancia{ Products wi{{ cfiange .. Persona[ finance too{s un[[ cfiange .. Pinancia{ pranning mode{s wi{{ cfiange ... Strategies 'RJ!.'R.. 'EL 'Y cfiange and Princip(es :N'£,'(/rE'R., cfiange! This book is based on principles of personal finance. Disclaimer Networkl8 Publications and Networkl B Group Companies, the promoters of this book, have with due care and caution undertaken the compilation of information, analysis and expert recommendations published in this book and/or provided to the subscribers of the book by means such as sms/print media or other electronic media. Networkl8 Testimonials Publications does not guarantee that such information is accurate, verified, sufficient, updated or comprehensive and consequently disclaims all !lability and responsibility for any inaccuracies, errors, omissions or representations appearing in this book or in the information delivered to readers by any means/media. "A must read for people who are starting their career fresh out of college. If I would have read it Even as Networkl8 Publications endeavors to keep the information up-to·date and correct, it makes no representations or 6-7 years back when! started working I would have avoided so many mistakes that! committed warranties of any kind, whether express or implied about the completeness, accuracy, reliability, suitability or availability with respect to the book or the information, products, services, or related graphics contained therein for any purpose in investing"- Reader 1 whatsoever. Accordingly, the readers reliance and action based upon any of the information provided in this book or delivered to them by any means as part of this book is strictly attheirown risk. "One needs some courage to go through this book. It first shakes you up from your slumber The information contained in this book or delivered to readers by any means is for general information purposes only. {financial laziness), then squeezes off you, your mislearnings about saving and investment" - The viewer/subscriber should independently verify the information before making any financial, trading or purchase decisions or use such information for the purpose of tax/legal/regulatory reporting, if any. The statements appearing in this Reader2 book should not be regarded as an offer to sell or solicit an offer to purchase any products. This book may contain references from other books and/or websites. By providing the aforesaid, Network18 Publications "Only One Word .... WOW ... ! . I have been searching a lot and met a lot of finance people. None and Network18 Group Companies does not endorse the contents of these books/websites. Network18 Publications and Network18 Group Companies have not developed or reviewed the contents of these books, and do not accept any havequenchedmythirst for finance know-ledge" -Reader 3 responsibility or !lability for it. Should you use any material from these referred books, the readers do so entirely at your own risk. NetworklB Publications and Network18 Group Companies do not support any advertisements appearing in this One thing which this book stand apart from others is that it is written in dead plain and simple book. The readers shall not reproduce, redistribute, resell, broadcast or transfer a!l or any part of the contents of this book, be it the design or information, delivered to them by any means as part ofthis book, in any form or by any means whatsoever. languagethateveryonecan understand~ Reader4 NetworklB Publications and Networkl8 Group Companies hereby also expressly disclaim any implied warranties under laws of any jurisdiction, to the extent permitted.Network18 Publications and Network18 Group Companies reserve the right to What an excellent book. ..This is my shortest expression on completion of reading the book modify this book (including this disclaimer) and the terms and conditions of use of the services provided by this Network18 Publications and Network 18 Group Companies at anytime without any liability. -Readers By viewing, reading or using this book you are deemed to hereby accept this disclaimer. Networkl8 Publications and Network18 Group Companies also reserve with them the right to take Iega! action, as deemed fit, if the terms and conditions This book is- Simple, Powerful, Relevant, Thought Provoking, Insightful, and Out of clutter- much of the use of this book as described herein are not complied with. Any dispute in relation thereof shall be subject to the exclusive jurisdiction of the courts at Mumbai, India only. Network18 Publications and Network18 Group Companies and needed efforttowardsempowering a Common Man- Reader6 content providers have no financiallia~ility whatsoever to the readers of this book. For more information, contact Networkl8 Publications and Network18 Group Companies at cd@networkl8on line.com. Published by: Network 18 Publications Private Limited, 507, Prabhat Kiran, 17, Rajendra Place, New Delhi-110008 Designed by; Origin Beanstalk Creative Consultants Pvt. ltd., Arch No. 24, Mahalaxmf Bridge, Race Cource Side, Mahalaxmi, Mumbai-400034. Tel.: +91-22-40835000 Website: www.originbeanstalk.com Printed and bound by: Print Process, B-23, Royal Ind. Estate, Wadala Mumbai 31 Tel.; 24120587 ISBN NO: 978-93-80200-62-0 First Edition: 2013 Printed in India MRP.: Rs. 499/- Formerly Published as "Jagolnvestor- Change your Relationship with Money" Preface Acknowledgement nA man's reading program should be as carefully planned as his daily To most readers, a book often appears to be the creation and handiwork of just one person- the diet, for that too is food, without which he cannot grow mentaJiy." author. If the book is appreciated, a!! the credit goes to this one person. But let me tell you thatthere is no way that this book could have become a reality, without the support of many people.l would - Andrew Carnegie like to take this opportunityto thank each of those people here. There is a lot in Andrew Carnegie's statement. The first thing to note are the words "reading l would !ike to start by thanking all the readers of my blog. Over the years, my readers have program". It is missing in the area of personal finance, Ask yourself if you have carefully planned approached me with thousands of queries, appreciated my advice and enabled me to learn from your personal finance reading program or not. How many books have you read so far to develop their doubts. They have given me the opportunity to help them in myriad ways. Each question they mastery in the area of your personal finance? If you want to achieve that mastery, this book can be asked, each suggestion I have offered and a11 the feedback that I have received, have contributed yourfirststep. to the creation of this book, So, they are the first ones whom 1 would like to thank for making this Having this book in your hands is akin to making a commitment to grow your persona! finance book a success, acumen.! can say this from my years of experience as a blogger.! am very clear that if you carefully I would like to also thank Nandish Desai, my teammate, who has guided me a!! along and plan your personal finance reading program, it will bring about that BIG change which you seek contributed substantially to some chapters. Without his inputs, this book might not be what it is in your financial life. At some point, when you are reading this book, it will look straight into your today, He has given me deep insights and extraordinary motivation and 1 will never forget how face and wake you up; it will showyouthe missing elements ofyourfinanciallife. he has pushed me all along to give my best. Most people graduate from college and go in search of their dream job or venture. Many a times, ! would also like to thank my tt;'achers, my parents and my wife for all the support they have given they do get that dream job and start earning money that can make their life comfortable and me, especially at times when I needed them the most. I would like to say big thanks to Joanna exciting, Getting a dream job was all they planned for. But getting a well paying job is not the end; Punjabi for editing this book and giving a polished look to each line; she has done a wonderful job it is just the beginning. and it has contributed greatly. People get caught up with various big and small experiences that they encounter in the first few Lastly, I would like to thank Network18 for publishing this book and showing confidence in my years of their career; they have no idea that managing money is as important as earning money, work. Lack of direction leads to either accidental growth in money or it invites unavoidable bad experiences in money management and investments; some forced learning also takes place in life when one buys various financial products from friends and relatives, All this can be avoided if Manish Chauhan you carefully plan your personal finance reading program. This book can act as an action Financial Coach guide to you. It will help you make strategic choices, which can take you from where you are to where you want to be in future. While you read this book, you may experience so~e tremors under your chair; the tremors are askingyoutotakesomeaction in yourfinanciallife. Right about now you may feel the first tremor: 1have some good news and bad newsforyou ... The good news is that you are your own boss when it comes to personal finance; the bad news is Chapter 1 : that you are your own boss when it comes to personal finance. The one person who is coming in Burning the jungle, ""'""' 1 between you and an extraordinary financial life is YOU. While reading this book you will realize how you do that to yourself.