Smart ways to invest and attain early financial freedom

I am sure many of my readers would be already following Prof Sanjay Bakshi. For those who do not know him, he is very well known in stock market investing community in India and he teaches a very popular course on behavioural investing in MDI, Gurgaon. He also has a blog called Fundoo Professor Here is a lovely video where he explains the six behavioural investing mistakes that we all make. Surely worth the one-hour time that you will need to commit to see it. I truly enjoyed the content and his examples – hope you enjoy it too. Here is the link -

Let me start by wishing all my readers a very happy, prosperous and fun filled year ahead. This business of forecasting next year has become a big industry now. Many people (including me) write about it in December end. But deep down, I have my doubts. Will things really change between Dec 31st and Jan 1st? I do not think so. Just because the earth rotates around the sun once in 365 days, we tend to think in chunks of 365 days – for example ROI is an annual number (a 20% ROI means 20% per annum), our salary is an annual number,

In our quest to illustrate the "Grow rich and retire early" paradigm, we shall bring you real-life heroes—people who have worked their way up the career ladder, saved and invested prudently, and have now earned enough to be able to look forward to a comfortable retirement. Some names have been changed on request to protect the identity of the person. However, the other details are completely accurate. Read about their investment journey. In the first part of this series, we profile 47-year-old Umesh Rao (name changed), a senior executive at a multinational company. Starting from a modest Rs. 4,600 in 1992, his salary now stands at Rs. 70 lakh per annum (excluding bonuses). His investment portfolio is worth Rs. 4.3 crore. If you were to include his real estate holdings, his net worth is now worth Rs. 14.5 crore. Here is a glimpse at his investment journey and philosophy. Career path Rao started his career in 1992 with one o

This is for my MBA students who had their convocation last weekend and for the hundreds of MBA’s who have finished their course this summer I passed out of XLRI in 1989 and for the first ten years, despite having a decent career, my financial journey was directionless. I started on the right financial path ten years after my MBA. I educated myself through books and learnt from people around me who knew more. I put an effort and changed some of my financial habits. In just a few months, I could see the difference. Within seven years, in 2006, I became financially free, meaning, I did not have to work to maintain my lifestyle.
Here is a great five minute video from "Brian Tracy" that I recommend - shares the two basic traits of all those who have become rich and financially free. http://bit.ly/1ynEWCI