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THREE WEEKS FOR THE BOOK LAUNCH MUSINGS OF A (FINANCIALLY) ILLITERATE FATHER MUSING 16: THE GRAVEYARD IS FULL OF BRILLIANT IDEAS I will begin this post with my impassioned plea once again- please keep sharing these posts with your near and dear ones 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. T hey deserve to learn it. Where do you find the most innovative, brilliant and groundbreaking ideas- go visit the nearest graveyard? It is full of human beings who lived for years, nay decades, with that brilliance, awaiting the right moment to unfurl the ideas in front of the world. Alas, that moment never came while they were alive and that brilliant idea got extinguished with that last breath. There is a great story, a bestselling book inside all of us. All it needs is a trigger for us to ...

PERSONAL FINANCE MUSING 15 AN INTERESTING WAY TO LOOK AT THE INCOME TAX We are continuing with our journey through the brilliant book, ”The Millionaire Next Door” written by Thomas J. Stanley and William D. Danko, in 1996. The authors wrote this book after their extensive research on American millionaires spanning many years. The research brought out many surprising conclusions which we, as common middle-class persons, would do well to emulate, if we too wish to become a millionaire in one generation. 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 next month. The book has been specially written to teach the alchemy of wealth creation and retention to our children. They deserve to learn it. 1.       Pay Yourself First .        I have...

PERSONAL FINANCE MUSING 14 THE ROAD TO RICHES: QUANTIFYING STEPS TO WEALTH We pick up the threads from where we left last week i.e. to define in concrete terms a yardstick of wealth that one can follow depending on one’s life stage and age. But before that, 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 next month. The book has been specially written to teach the alchemy of wealth creation and retention to our children. They deserve to learn it. We are continuing our journey through the brilliant book , ”The Millionaire Next Door” written by Thomas J. Stanley and William D. Danko, in 1996. The authors wrote this book after their extensive research on American millionaires spanning many years. The research brought out many surprising conclusions which we, as common middle-class persons, would do well...

PERSONAL FINANCE MUSING 13  HOW TO BECOME A FIRST GENERATION MILLIONAIRE? 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 next month. The book has been specially written to teach the alchemy of wealth creation and retention to our children. They deserve to learn it. Is it a must that one has to be born with a silver spoon in order to become a millionaire (we are talking of U.S. dollar millionaires here) or this feat can be achieved by an average middle-class investor also within one generation? This question has been answered very succinctly in the brilliant book , ”The Millionaire Next Door” written by Thomas J. Stanley and William D. Danko, in 1996. The authors wrote this book after their extensive research on American millionaires spanning many years. The research bro...