Posted tagged ‘delhi’

Book on Retirement : Retire Rich Invest Rs. 40 a day

January 23, 2010

Book written by me….

RETIRE RICH INVEST, 9789380200071

book review that I found online…

About the Book : – To most people retirement is an age. It of course depends on your health, the company you work for etc. However in the first chapter I would like to introduce you to the concept that retirement is an amount of money! After all, if you have that magical amount why not retire early?

The second chapter takes you through the steps and importance of planning, and to the dangers of not planning.

Retirement is a goal and has to be approached in a financial planning mode. Retirement Goal Setting becomes important. How much money is adequate for a person to retire? Here is a generic answer telling you what are the factors to consider while trying to answer this question. This chapter has many pointers and a calculator which leads you towards the answer.

Can you really retire by investing an amount as little as Rs. 40 a day? The answer is yes it is the power of compounding. If you do have or time on your side, it is possible to create a retirement corpus on an amount as small as Rs. 40 a day. And the fantastic thing is that this small amount can be got by making simple changes in your life style.

If you have accumulated money for your retirement, you should also know how to withdraw. Here we deal with what is annuity, what are the methods of creating annuities, what options are available, and the works about annuity.

A few chapters are devoted to answering how much and what type of insurance should you look at during retirement, the attitude of the Indian family to retirement, the need to make a will, some retirement blunders, etc.

What is interesting are the tables at the end of the book telling you how much to save and invest – and case studies about portfolio make over for retirement.

Available at the following shops:

Twistntales (Pune) Shop1, Siddarth, Gaikwad nagar, Aundh, Ph:-020-25881465 / 25899745

Paperback (Thane) Dayanand – cell no. 9967255843  022-21714414

Bookzone, Fort, Mumbai. (022-25054616/17)    All Crossword Stores in Mumbai and New Delhi.

New Delhi: Jain Book Agency (011-4151380), Land-Mark (0124-4143020), Om Bookshop (011-46075621), Pages (011-46132001).

Chennai: Landmark – has the copies. Odyssey not sure..Crossword has it..

Also available online from cnbc..check out on google..

Why are we poor? Or do we call ourselves poor?

May 19, 2008

I know it is difficult for many readers to accept that they are poor because they call themselves poor! Have we wondered loud enough about is India poor?

I regularly see articles and advertisement for houses costing Rs. 10 crores (2.5 million US $) – and many of the houses being sold out. Are they in the so called posh areas of the bigger cities like Mumbai / Delhi. Heavens, no. These flats are on the outskirts – one of them is about 40km from Nariman Point – on the way to Pune!

However, we require a big mind set change – we need to start saying “What can I do to afford it” rather than “We cannot afford it”. Robert T Kiyosaki can write books, many of us write blogs urging all of our readers to think positive – but ultimately to get rich, you have to do it.

It leads me to the saying “Every journey begins with a thought of doing that journey” – the first step itself a second step is it not?

To win, you need to think you can win. To be rich, you first need to think like a rich man…..that is step one.