How to get RICH and RETIRE early

I do realize the importance of managing personal finance– drawing the financial wall in my life model is a result of this appreciation.

At the same time, in the recent past, I hardly could keep my attention on any self-help books – call it getting impatient with preaching pals!  And I still go with the view that RICH is a very relative term – Being Happy and at Peace with one-self is Being Rich for me (do people under the same sun sign think this way? I was stumped when I heard a similar definition from the same fellow disguised alien who told me about Moneyball)

Nevertheless, I picked this book with lot of enthusiasm and pride – the author, Rajasekharan had been my colleague in his past corporate avatar and is one of the key enabler of the monthly early morning long walking sessions for a bunch of walking enthusiast like me. And this is the second time one of my friends have published his writing – It was Anitha just last year!

What I like in this book

  1. Caters to a large audience reference book – If you are 20+ and starting your career, you just start your financial planning with this book. If you are middle aged and still have another 15-20 years of salaried service, you still can get inputs to get rich.  If you over the middle age hump-this can still be a quick ready reference in matters of India financial markethow-to-get-rich-and-retire-early-275x275-imadhfd5hbt69ujz
  2. Weaving general leadership principles – “Inaction is costly”, “Failing to plan is planning to fail”, “planning is like painting, the more valuable it becomes with more finer details you put in”,  “ financial planning is like going to gym –  got to be regular and long term” (knowing Raj and his love for Stephen Covey, this is not a surprise!)
  3. Excellent clarity
    1. Definition of rich – if your passive income equals your expenses
    2. Focus on basics  –  Long term financial planning is the basis of getting RICH
    3. Simple and easy language
  4. Super simple control diagram charts  –  which says what is RICH and sticks on to your head
  5. Good content flow   –
    1. Part one: makes the reader appreciate and define what RICH means at that individual’s level,
    2. Part two covers the why and how of long term financial planning followed by
    3. Part three which explains the various investment options in India and how to choose them to get an ROI of 15-20%
  6. Though it sounds like a self-help book, Raj has clearly established that each individual’s needs are very different based on their perspective of life – unique is the way he puts it candidly that it is all his views based on his experience
  7. The thorough details on various investment options –Debt, equities, mutual funds, insurance policies, gold, real estate.   The case of Asian Paints is well handled to enable even the beginners to understand and appreciate the intricacies of equities market

What I look for in the next edition

  1. Soft version of all the reference tables (a CD with the book)
  2. Consolidation of all questions at the end of each chapter
  3. A followup workshop based on this book –  I had the opportunity to be present in Raj’s book promotion session and I felt he can build a workshop based on this which will help many
  4. Hard bound cover  –  this is a book which can stay in the reference section for years to come
  5. Some more proof reading
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Posted on March 9, 2013, in Books and tagged , , , , , , , , , . Bookmark the permalink. Leave a comment.

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