andysfinancial

SEVEN WEEKS FOR THE BOOK LAUNCH “ MUSINGS OF A (FINANCIALLY) ILLITERATE FATHER ” MUSING 12: UNDERSTAND ASSETS AND LIABILITIES I will begin this post with my impassioned plea - please keep sharing these posts with your near and dear ones especially young adults, for these are a run up to my book, “Musings of a (financially) illiterate father, likely to be in your hands by mid-July. The book has been specially written to teach the alchemy of wealth creation and retention to our children and they deserve to learn it. This week, I was to cover my experiences in the world of publishing but have decided to postpone it a bit as my book is still being edited with other associated publishing activities in advance stages. In a couple of weeks, as the book reaches "four weeks to go" mark, I think I will be in a better position to share my experiences. This week I will instead cover a very important topic which is a sine-qua-non for our children to understand, the ear

BOOK: MUSINGS OF A (FINANCIALLY) ILLITERATE FATHER By ANAND SAXENA Those of you who have been following my blog www.andysfinancial.blogspot.com are aware of my passion to impart financial wisdom to the youth. I have been doing it by the multitude of ways- posts on personal finance, distilled nuggets from personal finance classics Et al. The heading of this post is not about another book on personal finance which I am reviewing today; instead, this is the title of my book . I was awaiting an opportune moment to break this great news to you all- the moment has finally arrived. My maiden book entitled, “Musings of a (financially) Illiterate Father- A Common Investor’s Guide to Wealth Creation and Retention ” , is being published by “ Notion Press”, Chennai- India’s largest publishing platform and is likely to be in your hands by mid-July . The book is my labor of love of last one year and has taken me a further struggle of a couple of months to find the right publi

PERSONAL FINANCE MUSING- 10 SEVEN KEY FINANCIAL CONCEPTS FROM THE “RICH DAD POOR DAD” Let me start by wishing a very Happy Mothers’ day to all of you- Mother, the very reason of our existence on this earth. The celebration of Mothers’ day on second Sunday of May is an American tradition started by Anna Jarvis in 1908. Ironically, Jarvis would later denounce the holiday’s commercialization and spent the latter part of her life trying to remove it from the calendar [1] . You can read more about the interesting aspects of the evolution of Mothers' day on the link provided at the bottom. Implicitly or explicitly, our mothers did teach us lot of financial lessons, the biggest one, without fail, would have been the value of frugality- the cornerstone of wealth building. A big salute to all the mothers of the world. The Second book on personal finance that I wish to recommend and share with you is “Rich Dad Poor Dad” by Robert Kiyosaki- as good as any on personal fina

THE RICHEST MAN IN BABYLON- II Good morning and cheery Sunday greetings to all the readers. We will today move ahead with our exploration of the wonderful classic, “The Richest Man in Babylon” by George S. Clason. I had covered the first five tenets of the book in last week's musing leaving the balance five for today. Let's begin by first recapitulating the last week's tenets. 1.      Pay Yourself First. 2.      Put the saved money to work. 3.   Go for prudent financial advice which includes your own financial education. 4.      Protection of, your capital and your life, family and assets. 5.      Balance your wants and needs.           I will not labor on to discuss these five tenets again today but will request you to refer back to last week’s post to refresh your memory. We begin today with the sixth tenet. 6.      Build Assets; Eschew Liabilities . “Put each coin to laboring that it may reproduce its kind even as the flocks of the field and