Title: Dream Big
Author: Dr. Mukesh Jindal & Arunraj VS
Genre: Non-fiction
Publication: CNBC TV18
Rating: 4/5
Blurb:
Thirty six year old Vaibhav, the ever-smiling symbol of new age Indians, started his career as a driver. Today, he is the owner of a flourishing taxi service business and is scouting around to buy a Mercedes Benz…not on a loan but with the wealth he has amassed over the years!
How did he get from being a driver to a millionaire? Three simple secrets – he had the courage to dream big, learn about financial planning and implement what he learnt. Now, while you don’t need anyone to help you to dream big, here is a book that will teach you everything that Vaibhav learnt. All you have to do is find the tenacity to implement it.
Everything, from the importance of saving and investing and the need for life and health insurance to various investment products like mutual funds, SIP, PPF etc. that can enable you to build wealth, is explained in this book in simple and jargon free language. It helps you to choose instruments that are most suitable for you and explains why you would be better off without others.
Dream Big simplifies and breaks down common financial planning principles such as risk profiling, asset allocation, portfolio construction, rebalancing etc. and explains the tax implications of various investment decisions. It also contains sections on planning for retirement and a legacy, and financial planning for women, divorced individuals, defence employees, senior citizens, etc.
My Review:
In the current scenario of increasing inflation, financial education for wealth creation has become a necessity. Vaibhav started his career as a driver and soon established his own taxi service business by dedicatedly following certain key aspects of financial planning and applying them religiously.
A person hailing from any economic background with his priorities set right and aptitude for risk taking aimed with basic financial knowledge can invest in the various financial avenues through a proper SIP and derive desired returns.The author has explained the fine details of investment avenues,insurance, financial and legacy planning in layman’s language using examples and bar diagrams.
First and foremost step towards wealth creation is determining realistic financial goals.It’s important to start financial planning at an early age to attain long term goals. The writer has briefly discussed about the various instruments like mutual fund, equity, debt fund, bonds, risk involved and investment strategies.He has compared them and highlighted their pros and cons making it easy to select based on a person’s preference.These instruments play a crucial role in saving tax and beating inflation.The different financial planning for women, defence employees, senior citizens, divorced and retired person are well explained.
The book has enriched my financial knowledge.Now I can comprehend the meaning of bonds, NAV, NSC, asset allocation, equity and others which was way beyond the perimeter of my understanding.Investment avenues always interested me but now I have realised their importance too.
The author has been biased towards some financial instruments as compared to others.Although the topics have been explained with examples but I feel the need of incorporation of case studies which would had made the picture more clearer.
I would recommend it every person who want to know the basic of wealth creation.I want to thank The Readers Cosmos for the review copy.
This book review is a part of ” The Readers Cosmos Book Review Program and Blog Tours, for details log on to the http://www.thereaderscosmos.com/ “.
#bookreview #bookblog #blogger #finance #wealth #investment #financialadvisor #equity #mutualfunds #tax #will #priorities #investor #goals #strategy #planning #returns #basics #stocks #bonds #asset #bookcommunity #bookworm #booklove #dreams #reader
thebookcollector32 