A book of the title ‘Automatic Wealth‘ is sure to get interest from many, however the this is no get rich quick with no work book. Some specific advice in the book, revolves around USA, however the basic premises of the book is applicable across countries and markets.
The book breaks down the process of wealth building into six steps:
In his book Automatic Wealth, author Michael Masterson (aka Mark Ford) keeps re-iterating the difference between having a lot of money in your bank account and living rich. I was skeptical when I first read the title of the topic. How can someone live rich without having piles of money in his/her bank account? As I read the topic further and further, it became more and more convincing. After reading the last few words from this compelling section of this must-read book, I had a big smile on my face and an invigorating thought, “YES. I can live rich TODAY and RIGHT NOW.” Continue reading Live rich, feel rich, today, right now!
India has one of the lowest penetration of life insurance of under 3.5 %. But many of us have a number of policies for which we dutifully, pay premiums every year but don’t know for sure if we it is useful or not. Even as a finance professional, I have made a number of those rookie mistakes, so I can totally understand how gullible one can be to those pitches.
So let us examine, some basic questions to help us guide through these decisions.
What is insurance?
Insurance contract ensures the policy holder is compensated for his loss when a certain event happens. So extending this definition, we can say a life insurance is a monetary compensation for loss of earning potential due to death or disability.
This simple definition provides us all the necessary understanding required to evaluate a policy. So let me try and break this done into a checklist.
A conflict may strengthen or weaken a relationship all based on our conversation style. When handled well a conflict may help us understand the other person better and create deeper bonds. When handled poorly, it may result in deterioration to ultimate death of the relationship. While examples here primarily relate to marital conflicts as the psychologist who researched it specialized on the same , the learning may be extended across a team, parent-child, siblings, boss – subordinate etc. Whoever starts the conflict, you have the power to redirect it for the better, do not give it up.
Dr. Gottman, a renowned Psychologist categorizes the argumentative communication into four styles, nick named ‘Four Horsemen‘, a biblical reference to end of the world : Criticism, Contempt, defensiveness and Stonewalling.
Book title: Rich dad’s guide to investing Author: Robert Kiyosaki ISBN-10: 1612680216 ISBN-13: 978-1612680217 Buy here
What this book is about
Robert Kiyosaki, the author of the famous book, “Rich dad, poor dad”, has written a book named “Guide to investing”, which helps you build the right attitude to help you become rich. The book starts with a young Robert going to meet his mentor, whom he calls ‘rich dad’, and rich dad’s son. They are talking about investing in a very lucrative opportunity. While Robert asks to join in, the two politely respond to him that he couldn’t do it, since the opportunity was legally only for the ‘officially rich’, i.e. a networth of $1,000,000 and above. Stung by the incident, Robert consults his one and only guide on how to grow rich – his rich dad. The book is a culmination of what rich dad taught Robert about getting rich. Continue reading Book summary: Rich dad’s guide to investing by Robert Kiyosaki