Gourav Kumar Gupta

It's a "must read" for everyone even for those not interested in investments. Some key points of learning:- What we think about money and finance is mostly reflection of our own personal experience with it. It is mostly driven by emotions.. Several outcomes in life are guided more by risk and luck than our individual efforts. Focus less on individuals and more on broad patterns. Nothing is as good or as bad as it seems. Don't risk what you have in need for what you don't have and don't need (Less important). Don't keep on changing your goalpost and learn to be consistent over one. Don't gamble your life. If a little growth serves as fuel for future growth, the final results can be astonishing due to compounding magic. Good investing is not to get highest returns once. It's about earning decent returns for a very long period of time and let compounding happen. Here are several ways to be wealthy but there's only one way to stay healthy i.e. be consistent. Try to be financially unbreakable (Financially Stable) Don't be in great rush to become wealthy fast. You might loose what you already got. Genius is being able to do average things when people around you are going crazy. If you are best in business, you will be right 6 out of 10 times. The highest form of wealth is to wake up in morning and say, "I can do whatever I want today." Money gives control over your time and this gives you happiness. 6 months emergency expenses means less scared of your boss. Your kids want you much more than your money. People will admire you more for your humility and kindness than what you try to show through flashy lifestyle. Be kind, humane and generous to get respected. We should not just try to look wealthy but try to be wealthy. Wealth offers you more options, flexibility and growth. Wealth is ability to afford things and still not buying if don't add value to your life. Wealth creation has more to do with habit of saving than anything else. People's ability to save is in their control based on what they desire. Money is more related to behavior than finance. Because humans are not machines, we don't always need to be mathematically right. Don't rely too much on historical data when making financial decisions as what has not happened before may happen in future. The world is changing like never before hence be ready to expect the unexpected. Every job looks easy when you are not the one doing it. Do not try to copy anyone as everyone has different risk appetite, financial goals and skills. Work on your own strategy which suits your own personality and skills.