Aakash Talks Finance

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A podcast on Personal Finance and Investing through books. Simple lessons in short listens.

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    • Dec 19, 2021 LATEST EPISODE
    • infrequent NEW EPISODES
    • 16m AVG DURATION
    • 51 EPISODES


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    Latest episodes from Aakash Talks Finance

    Books on Money | The Psychology of Money Ep. 12

    Play Episode Listen Later Dec 19, 2021 16:16


    You're not a reasonable person, you might be rational. But is the market rational? Not even close. So, does it pay to be reasonable or rational? Housel says it's the former - be reasonable my friend. That'll help you more than anything in these volatile markets. Investing is more to do with psychology even if finances is purely mathematical. When stuff hits the fan, you won't be rational, looking at spreadsheets and charts. You'll be worried about your future and blame your past. This is a podcast on how to deal with finance reasonably even if it's not rational. If there's any way I can improve, let me know. Buy the book here: https://amzn.to/3ERgi6j (Affiliate link) Check out my Twitter: https://twitter.com/Aakash_Tries --- Aakash #books #investing #personalfinance

    Books on Money | The Psychology of Money Ep. 11

    Play Episode Listen Later Dec 12, 2021 16:42


    Rule number one of any book on money is: SAVE. Saving money is more important that people give it credit. More than earning more or investing. The importance of the bridge between Income and Investment is Saving. Here's what we cover: 1. Building wealth has more to do with your savings 2. The value of wealth is relative to what you need 3. Past a certain level of income, what you need is just what sits below your ego 4. People's ability to save is more in their control than they think 5. You don't need a specific reason to save 6. Unseen return on wealth: The flexibility and control over your time 7. Hidden returns are more important If there's any way I can improve, let me know. Buy the book here: https://amzn.to/3ERgi6j (Affiliate link) Check out my Twitter: https://twitter.com/Aakash_Tries --- Aakash #books #investing #personalfinance

    Books on Money | The Psychology of Money Ep. 10

    Play Episode Listen Later Nov 28, 2021 9:41


    What's the difference between being wealthy and rich? Being wealthy is hidden and dynamic, being rich is out in the open and static. If you bought a car for $100,000, you're richer by $100,000, but you're less wealthy by $100,000. That's the lesson in this chapter of Morgan Housel's book. We only see richness, we never see wealth. But if you look deep enough you see the sacrifices that led to riches, those sacrifices are true wealthy. If there's any way I can improve, let me know. Buy the book here: https://amzn.to/3ERgi6j (Affiliate link) Check out my Twitter: https://twitter.com/Aakash_Tries --- Aakash #books #investing #personalfinance

    Books on Money | The Psychology of Money Ep. 9

    Play Episode Listen Later Nov 21, 2021 5:03


    Be honest. You looked at the guy in the fancy car, or the couple in the big home and thought, "I wish I had that." I do this all the time. But when I do, I rarely look at the people, I only look at the things. That's the lesson from the chapter "The Man In The Car Paradox." We always look at what money can buy, the cars, the watch, the phone, the house. Do we really want this? Housel suggests we really want two things through money, but which money can't buy, respect and humility. If there's any way I can improve, let me know. Buy the book here: https://amzn.to/3ERgi6j (Affiliate link) Check out my Twitter: https://twitter.com/Aakash_Tries --- Aakash #books #investing #personalfinance

    Books on Money | The Psychology of Money Ep. 8

    Play Episode Listen Later Nov 14, 2021 15:43


    The goal of money is control. The absence of money is a lack of control. Morgan Housel, in this chapter, boils the question of having wealth to Freedom. We all want more time with our loved ones, doing what we love, and having money is the way to achieve it. Whether it's having an emergency fund to not take on work immediately, or a retirement fund to not work till your incapable. That's what we all chase with money and this chapter is why we should optimize for control rather than just money. If there's any way I can improve, let me know. Buy the book here: https://amzn.to/3ERgi6j (Affiliate link) Check out my Twitter: https://twitter.com/Aakash_Tries --- Aakash #books #investing #personalfinance

    Books on Money | The Psychology of Money Ep. 7

    Play Episode Listen Later Nov 5, 2021 19:50


    Tail events, the farthest ends of a distribution of outcome, drives everything. This is true in finance and in life. Think of anything or anyone who's achieved success. What we see is the glitz and glamour of Amazon, Disney, Netflix, or your favourite comedian or investor. What we don't see is the hours of work that went into achieving those outcomes. Housel teaches us the importance of not just looking for tail events, but knowing that tail events drive everything. If there's any way I can improve, let me know. Buy the book here: https://amzn.to/3ERgi6j (Affiliate link) Check out my Twitter: https://twitter.com/Aakash_Tries --- Aakash #books #investing #personalfinance

    Books on Money | The Psychology of Money Ep. 6

    Play Episode Listen Later Oct 23, 2021 20:05


    Making money is a great skill. But you know what's greater? Keeping and growing the money you've made. This is a difficult game, and many, including people like Warren Buffett have made mistakes keeping money. That's what Morgan Housel teaches us in this chapter, "Getting Wealthy versus Staying Wealthy." The difference is plenty as we'll see in the case of Jesse Livermore, Abraham Germansky, and Rick Guerin. Key principles from this lesson: - Avoid wipeouts - Always keep a margin of error - Short term paranoia and long term optimism Link to buy the book: https://amzn.to/3zIDSik If there's any way I can improve, let me know. --- Aakash #books #investing #personalfinance

    Books on Money | The Psychology of Money Ep. 5

    Play Episode Listen Later Oct 17, 2021 12:56


    Did you know that you can get a lot from something small? This isn't a pitch for a scam. It's actually the principle of compounding. Confounding, right? That's the title of the fourth chapter of The Psychology of Money - "Confounding Compounding." And in it Morgan Housel explains the fundamental principle of Warren Buffet's rise to success - compounding of time and money. It's really that simple and that difficult to start early, never stop and stay consistent. Link to buy the book: https://amzn.to/3zIDSik If there's any way I can improve, let me know. --- Aakash #books #investing #personalfinance

    Books on Money | The Psychology of Money Ep. 4

    Play Episode Listen Later Oct 10, 2021 13:39


    What's that point for you where earning money ceases to bring happiness? Is it a number, a milestone, a type of car, house, or watch? Everybody has an idea what their “enough” is but we rarely stick by them. In this chapter, Housel gives us four reasons why we would have a sense of “enough” and three tales of people who went beyond their “enough.” Link to buy the book: https://amzn.to/3zIDSik If there's any way I can improve, let me know. --- Aakash #books #investing #personalfinance

    Books on Money | The Psychology of Money Ep. 3

    Play Episode Listen Later Oct 6, 2021 16:50


    Luck and risk are siblings. That's how Housel begins this chapter. One can take you to success and the other away from it. But the importance of luck and risk is overlooked. In this chapter, Housel takes us through luck and risk with Bill Gates and another potential co-founder of Microsoft, Benjamin Graham, and other successful people. We often look at the top or the bottom, the ones on the right and wrong side of risk. We often ignore everyone else. Hopefully, this chapter will help us think otherwise. As Scott Galloway said, "Nothing is as good or as bad as it seems." Link to buy the book: https://amzn.to/3zIDSik If there's any way I can improve, let me know. --- Aakash #books #investing #personalfinance

    Books on Money | The Psychology of Money Ep. 2

    Play Episode Listen Later Oct 2, 2021 11:48


    You're different. I'm different. We're all different. And we all look at money differently. If we've lived in different countries, in different times and markets and been through different highs and lows, we have a different perspective. This changes our relationship with money. As Housel puts it, what we've been through is 0.00000001% of what's happened in the world but 80% of how you think the world works. The question is - how does this affect your money? Link to buy the book: https://amzn.to/3zIDSik If there's any way I can improve, let me know. --- Aakash #books #investing #personalfinance

    Books on Money | The Psychology of Money Ep. 1

    Play Episode Listen Later Sep 26, 2021 16:30


    "The Psychology Of Money" is a fantastic book on how to think about finance. Not how to use finance, but think about finance. The sub title of the book reads, "Timeless Lessons on Wealth, Greed, and Happiness." Finance, as author Morgan Housel, puts it needs to be understood through psychology and history, rather than math. In this podcast, I will break down this book as best I can for the perspective of a young person. We've been taught finance through our parents, in a good, but outdated and mechanical way. This books talks about it in as a thought you should have for the rest of your life, and I hope to do the same. Check out the blog on which the book is based: https://www.collaborativefund.com/blog/the-psychology-of-money/ Link to buy the book: https://amzn.to/3zIDSik If there's any way I can improve, let me know. --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 25

    Play Episode Listen Later Sep 19, 2021 19:12


    This is the final episode from the book "Think and Grow Rich" by Napolean Hill. In this epsiode, we summarize the entire book as Hill laid out, and go through the most memorable chapters. It still surprises me that this book was written in 1937. By no means, is this book outdated. In fact, it's a timeless gem. No wonder it's still on bookshelves all over the world. And there's a key reason for it. It still surprises me that this book building wealth. Every chapter is an step in the process of building and sustaining wealth. These are the chapters and a one line summar of them: - Desire: Structure what you want - Faith: Turning desire from conscious to sub-conscious - Auto-suggestion: Impulse through the five senses - Specialized Knowledge: Knowledge of skill and application - Imagination: Spark of creativity - Organized Planning: Turning desire into reality - Decision: The opposite of procrastination - Persistence: The power of will - Power of the Master Mind: The application of power - The Mystery of Sex Transmutation: The ability of control - The Subconsious Mind: The connecting link to creative imagination - The Brain: The place where thought "steps up" - The Sixth Sense: The door to Creative Imagination - The Six Ghosts of Fear: What's stopping you from success The next book I'll be covering is - "The Psychology of Money" by Morgan Housel. Stay tuned. Thank you for listening. Link to the book: https://amzn.to/2T1w1xb --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 24

    Play Episode Listen Later Sep 12, 2021 13:06


    This is the penultimate episode from the book "Think and Grow Rich" by Napolean Hill. In this epsiode, we go through control of one's mind, and how discipline is the key to everything. Whether it's greatness in business, family, or sports, discipline is essential. Hill tells us to hone our skills, work on them, but be disciplined throughout. In the chapter, he also lists down 57 alibis we tell Old Man If. In addition to indecision, procastination, and fear are our mortal enemies. Here are few of the common alibis we tell ourself to give us a break: - If I had time - If I was richer - If I was younger - If I weren't so busy - If I had a bit of luck - If I had more freedom - If people weren't dumb These are alibis we all have, I certainly do. But we need to fight them. That's what discipline teaches us. That's what Hill has taught us through this book. Let's try to be discipline in just one thing that will improve us. Thank you for listening. Link to the book: https://amzn.to/2T1w1xb --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 23

    Play Episode Listen Later Sep 11, 2021 11:50


    I try to read the fifteenth chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “How to Outwit the Six Ghosts of Fear." In this episode we cover the main reason for the six ghosts of fear - Worry. Hill says the basis for worry is indecision. It zaps confidence and shrounds you in over thinking leading to worry. There is only one cure to indecision, and that is prompt and firm decision making. Worry and worrisome not only delays and weakens judgement, but it comes off as weak and insecure. This is a form of mental telepathy which others receive as well. When you're worried, people sense it. Friends help you through it, and enemies take advantage of it. Either way, worry makes you vulnerable. Avoid it. Hill also details a concept which is not a fear, but more dangerous than any of the six fears. He describes this as the Devil's workshop, or negative influences. If you allow yourself to be swayed by these negative influences, you will float around until negativity takes you. Instead, find out a prevention for it, for there is no natural immunity. Everyone is swayed, but not everyone allows this to take over them. Be that person! Link to the self analysis questions: http://davidjohnkaye.com/wp-content/uploads/2018/11/Self-Analysis-Questions-from-Think-and-Grow-Rich-by-Napoleon-Hill.pdf Link to the book: https://amzn.to/2T1w1xb --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 22

    Play Episode Listen Later Sep 4, 2021 9:22


    I try to read the fifteenth chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “How to Outwit the Six Ghosts of Fear." In this episode we cover the fifth and the sixth fears - The Fear of Old Age and The Fear of Death. The Fear of Old Age is a terrible fear which comes out of inactivity. When we get old, we get inactive, our contribution to family and society falls. This decreases a drive within us to achieve something. We become scared of poverty, begin feeling sorry for ourselves and try to change ourselves wholesale. These are just manifestations of the symptoms of the fear of poverty, which include: 1. An Inferiority Complex 2. Speaking apologetically about oneself 3. Killing off initiative 4. Changing our appearance In contract, the fear of death is less active and more languid. It develops out of a fear of what comes next. Religious conmen and woman try to instill fear in us by making us perform rituals to ward off this fear. But it must be imbibed or forgotten through activity. Hill says, "This fear (The Fear of Death) is useless. Death will come, no matter what anyone may think about it. Accept it as a necessity, and pass the thought out of your mind. It must be a, necessity, or it would not come to all. Perhaps it is not as bad as it has been pictured." Link to the book: https://amzn.to/2T1w1xb --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 21

    Play Episode Listen Later Aug 29, 2021 11:57


    I try to read the fifteenth chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “How to Outwit the Six Ghosts of Fear." In this episode we cover the third and the fourth fears - The Fear of Ill Health and The Fear of Loss of Love. The Fear of Ill Health is a manifestation of the final two fears - The Fear of Death and The Fear of Old Age. This is a fear we all all currently living through. We are living in fear of what is happening in the world. Everything is making us more worried. From the evening news, to a sneeze on the subway or bus. The Fear of Loss of Love comes out of primitive man. We stole mates then and now, we're luring them away with possesions from cars, to watches. Symptoms of the Fear of Ill Health: 1. Auto Suggesstion 2. Hypochondria 3. Lack of Exercise 4. Susceptability 5. Self-Coddling 6. Intemperance Symptoms of the Fear of Criticism: 1. Jealously 2. Fault Finding 3. Gambling Link to the book: https://amzn.to/2T1w1xb --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 20

    Play Episode Listen Later Aug 23, 2021 14:36


    I try to read the fifteenth chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “How to Outwit the Six Ghosts of Fear." In this episode we cover the first two ghosts of fear - The Fear of Poverty and The Fear of Criticism. Each fear comes from two reasons - indecision and doubt, eventually morphing into fear. But these fears can be overcome, and Hill teaches us how. The first step to overcoming these fears is to have a strong Desire. He adds that each fear is a simple manifestation of thought and with the right thought and desires we can change the fears to focus on what's important. Symptoms of the Fear of Poverty: 1. Indifference 2. Doubt 3. Worry 4. Overcaution 5. Procrastination Symptoms of the Fear of Criticism: 1. Self-consciousness 2. Lack of poise 3. Personality 4. Inferiority complex 5. Extravagence 6. Lack of Initiative 7. Lack of Ambition Link to the book: https://amzn.to/2T1w1xb --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 19

    Play Episode Listen Later Aug 15, 2021 10:08


    I try to read the fourtneenth chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “The Sixth Sense: The Door To The Temple of Wisdom." It talks about the importance of cultivating a sixth sense which will help us in emergencies. If you aren't great, either because you lack talent, or didn't have the right upbringing, you can still be great through imitation. Hill says, those who aren't great, imitate the great. Now this isn't you average "hero worship" but the willingness to learn from your heros. Hill did this through his 'Invisible Counsellors' which consisted of: 1. Thomas Edinson 2. Henry Ford 3. Andrew Carnegie 4. Ralf Waldo Emerson 5. Napoleon Bonaparte 6. Thomas Paine 7. Luther Burban 8. Charles Darwin 9. Abraham Lincoln Hill was the Chairman of this council consisting of these people. He would consult with them twice everyday, once when he woke up, and once when he retired at night. This helped him build character through the great characters of these men. The lesson of this chapter is if we are in pursuit of riches, we need a sixth sense. This sixth sense will come to us in emergencies. This sixth sense, if not innately present, can be cultivated through imitation. Link to the book: https://amzn.to/2T1w1xb --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 18

    Play Episode Listen Later Aug 1, 2021 10:59


    I try to read the thirteenth chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “The Brain: The Broadcasting and Receiving station for Thought." It talks how the brain influences your thoughts and desires. Hill says there are three principles to bear in mind to transmute thoughts to desires with the brain: 1. The sending station - The Subconscious Mind 2. The receiving set - The Creative Imagination 3. The medium of broadcasting - Auto Suggestion The stimuli through which you put these into action is Desire. Link to the book: https://amzn.to/2T1w1xb --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 17

    Play Episode Listen Later Jul 25, 2021 11:49


    I try to read the twelfth chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “The Subconscious Mind: The Connecting Link." It talks about the importance of the subscious mind to connect through impulses from the Infinte Intelligence to our desiers and our faith. We've heard the saying, "An idle mind is the devil's workshop," but what does this mean? What does the deal mean, and what does idle mean? Although, Hill does not go into this saying, but the theme is prevalent. The subconscious mind is responsible for fulfiling desires. These desires are preceeded by thoughts which can be either positive or negative. Positive thoughts: 1. Hope 2. Love 3. Romance 4. Sex 5. Faith 6. Desire 7. Enthusiasm Negative thoughts: 1. Fear 2. Greed 3. Hatred 4. Jealously 5. Revenge 6. Anger 7. Superstition When your mind is idle, know which thoughts are dominating it. And ensure the positive ones prevail. Link to the book: https://amzn.to/2T1w1xb --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 16

    Play Episode Listen Later Jul 21, 2021 21:42


    I try to read the eleventh chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “The Mystery of Sex Transmutaton." It talks about the power of sexual energy and how it can be used to set you on the genius path. Now, quick disclaimer. This is a controversial chapter for several reasons. But I suggest you give the episode a listen, or the book a read before passing judgement. I read the chapter in passing and give my opinions. You can have ours. And if you'd like to discuss more about it, do drop a DM. Hill lists sexual stimulus as the most potent of stimuli. This can be used as a powerful tool to channel energy in achieving wealth and success. But he says, this happens to men only between the age of 40 to 50. Which I disagree with. The power of the sexual desire needs to be controlled. It should be used with the desire of love and romace. The difference is key in using the desires to acheive good versus achieve bad. No man, he says, acheives anything great without the desire of love and sex driving him. Here are a few useful links to understand the concept further: https://thinkandgrowrichsummary.online/summary/chapter-11-sex-transmutation/ https://www.authorsden.com/visit/viewArticle.asp?id=66902 https://wealthcreationmastermind.com/blog/how-think-and-grow-richs-chapter-on-sex-transmutation-led-to-an-epiphany/ Link to the book: https://amzn.to/2T1w1xb --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 15

    Play Episode Listen Later Jul 10, 2021 9:13


    I try to read the tenth chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “Power and the Master Mind: The Driving Force''. It talks about the importance of Power and having a Master Mind group in your quest for riches. Power, in Hill's words, is "organized and intelligently directed knowledge." He says, knowledge can be acquired through: 1. Infinte Intelligence 2. Accumulated Experience 3. Experiement And Research These should be applied within oneself and one's Master Mind group. In this group, you will find economic and psychic advantages that you won't be able to find anywhere else. In order to receive wealth, you need to acquire knowledge, organize it into power, and coordinate it with your Master Mind group members. Link to the book: https://amzn.to/2T1w1xb --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 14

    Play Episode Listen Later Jul 4, 2021 16:49


    I try to read the ninth chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “Persistence: Sustained Effort to Induce Faith''. It talks about the importance of the the power of will. Persistence is the separating line between those with a money consciousness and those with a poverty consciousness. Which one do you want to be? Hill explains how one can develop persistence and identify the symptoms of a lack of persistence. He uses examples of the success and failure of Broadway, Henry Ford, Thomas Edison, and others. Here are the four steps to build persistence: 1. A Definite Purpose backed by the Burning Desire for its fulfillment 2. A Definite Plan, expressesd in Continouous Action 3. A Mind Closed tightly against all negative and Discouraging Influences 4. A Friendly Alliance with one or more persons encouraging you to follow through with Plan and Purpose Link to the book: https://amzn.to/3A0rj3r --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 13

    Play Episode Listen Later Jun 27, 2021 9:39


    I try to read the eight chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “Decisions: The Mastery of Procrastination''. It talks about the importance of the decision making and being decisive. To be decisive one must have - courage and faith. These are essential. Another important facet of decision making is ignorance. Ignorance of the opinions of other people. In order to have clear focus, one must not distract oneself based on what others say. Being indecisive is not only bad, it's dangerous. Link to the book: https://amzn.to/3A0rj3r --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 12

    Play Episode Listen Later Jun 19, 2021 16:42


    I try to read the fourth part of the seventh chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “Organized Planning: The Crystallization of Desire into Action''. It talks about the importance of the capitalistic system. A system that provides food, shelter, clothing, and other services at a profit is the capitalistic system. Everyone works for an incentive - profit. This is the only way to individual success in a country. To provide a service or product for a profit, put yourself in opportunities and always be persistent. Link to books: https://amzn.to/3A0rj3r--- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 11

    Play Episode Listen Later Jun 13, 2021 7:52


    I try to read the third part of the seventh chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “Organized Planning: The Crystallization of Desire into Action''. It talks about 28 tools of self analysis to better our services. Link to the book: https://amzn.to/3A0rj3r --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 10

    Play Episode Listen Later May 24, 2021 18:28


    I try to read the second part of the seventh chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “Organized Planning: The Crystallization of Desire into Action''. It talks about ways we can better prepare ourselves for our new job or business. Hill lists out thirty points of failure we should try to avoid in our pursuit of the right job or building the right business. We should look for these inwardly and in other people. Link to the book: https://amzn.to/3A0rj3r--- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 9

    Play Episode Listen Later May 15, 2021 16:57


    I try to read the s part of the seventh chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “Organized Planning: The Crystallization of Desire into Action”. It talks about ways we can better prepare ourselves for our new job or business. Hill lists out how we can get the exact position we desire. For this, we must be divisive, studious, pragmatic, giving, and never ever stop learning. Even though this book is written in 1937, the principles hold true today. With the amount of freelance skill-based jobs out there, there's so much we can leverage via the internet. But to do this, we need to know the right ways to market ourselves. Hill teaches us this. From preparing our brief to preparing ourselves, Hill details ways in which we can not only get a good job, or build a business, but also learn from it. These are important lessons that every young person must imbibe if they want to build a career out of whatever they love. Link to the book: https://amzn.to/3A0rj3r--- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 8

    Play Episode Listen Later May 3, 2021 15:51


    I try to read the part of the seventh chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “Organized Planning: The Crystallization of Desire into Action”. It talks about how we can organize our desires into fruition. This can be done by becoming better leaders, motivating followers, using media to our advantage, building products and services. This chapter is fairly long. I read the first part on Planning and Leadership in this episode. Hill tells us that plans are important. But sometimes plans fail. In these situations we shouldn't quit. We should persevere, as in perseverance is the true test of all men. He emphasizes his point with this quote, “A quitter never wins, and A winner never quits.” Leadership is required in every pursuit of wealth and excellence. In order to realize it, one must incorporate several elements of leadership which Hill lists out. They include, be empathetic, motivate your followers, cooperate, lead by example not by authority, be courageous, be just, have self control and more. Every industry of our time requires leaders. In the 1940s, industries like banking, journalism, politics etc. were deficient in great leaders. This is the case now as well. We can use his example and principles of leadership to guide us and teach us how to lead a group of people toward success. Link to the book: https://amzn.to/3A0rj3r --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 7

    Play Episode Listen Later Apr 25, 2021 14:25


    I try to read the sixth chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled “Imagination: The Workshop of the Mind”. It talks about the importance of having imagination, putting it to consistent use to achieve your desire. The author describes two forms of imaginations. First, there is synthetic imagination, or imagination through observation. This does not create anything, it merely mimics what we already know. But this is the imagination that we use more than anything else. Second is creative imagination, which involves creating new things through rapid thinking. This form of imagination is scattered, but it leads to innovation. Imagination is the medium to put our thoughts into action. Like every muscle, the mind can be strengthened. This happens through imagination towards our desire. But this is not a short-term process, it is lifelong. We have to put the natural power of imagination to consistent use through practice. Hill uses two examples to convey this point. The first is the story of “The Enchanted Kettle” which describes the story of the Coca-Cola founder Asa Griggs Candler receiving the secret formula from the doctor, John Pemberton. Through thought and then imagination was Candler's desire to establish a world known soft-drink realised.elong process. The second story is of the preacher Frank Gunsaulus who realized his dream of building a college through his “Million Dollar Sermon.” Both examples underline the point of using imagination towards our desires. Ideas will outlast our bodies, imagination is a way to realize those ideas. Link to the book: https://amzn.to/3A0rj3r --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 6

    Play Episode Listen Later Apr 19, 2021 17:21


    I try to read the fifth chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled, “Specialized Knowledge: Personal experience or observations.” It is perhaps the most relevant chapter to the world we live in today. There are two types of knowledge. Knowledge that we acquire through observations, which are based in fact, either right or wrong. This is generalized knowledge. The other type of knowledge is one you receive through experiences. No one can teach you this, not a teacher, a book or a course. It is something you have to teach yourself. This is specialized knowledge. We should look to build specialized knowledge. This process can be started through organization of knowledge into value. Then products or services can be built to channel this value to people who will pay to acquire them. Learning is essential to build this knowledge. But to never stop learning we should have undying ambition. Learning does not end with college, it is a lifelong process. Those who stop learning once they get a salaried job will never be rich. Build your knowledge, never stop learning, have undying ambition, do something no one else is doing or do it better than anyone else. These are the key takeaways from this chapter. Hope this helps. Link to the book: https://amzn.to/3A0rj3r --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 5

    Play Episode Listen Later Apr 17, 2021 15:04


    I try to read the fourth chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled, “Auto-suggestion: The medium of influencing the subconscious.” It's a short chapter on how we can use desires to influence our mind. Auto-suggestion is a way we can remind ourselves of our desires. Then we can navigate our actions to achieve this desire. This chapter, in Hill's words, is the most important chapter of the book. It relates to the six rules we learnt in the first chapter on Desire. Although there are no stores from the stalwarts Hill worked with, there's plenty of actionable advice. From setting a definitive goal, to priming our concentration, using positive imagery, acting fast, putting failure on ourselves and having a clear vision. There's so much in this chapter that I'm going to keep coming back to it. Read this in parallel with the six steps on Desire in the first chapter: Fix your mind to your desire Determine your sacrifice Set a timeline Create a plan Pen a statement Repeat your statement Hope this helps. Link to the tweet for book: https://amzn.to/3A0rj3r --- Aakash #books #investing #personalfinance

    Books on Money | Think And Grow Rich Ep. 4

    Play Episode Listen Later Apr 12, 2021 18:10


    I try to read the third chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled, “Faith: Visualization of and Belief in attainment of Desire.” It talks about the importance of faith and how it can be implemented to achieve our desires. Hill gives us practical steps to practice faith in ourselves. He presents a ‘Self Confidence Formula.” Stories from the lives of Abraham Lincoln, Mahatma Gandhi, Charles Schwab, J P Morgan and Andrew Carnegie emphasize the importance of faith for leaders. Faith here is simply faith in ourselves. Not faith in a religion, mentor or anything external but ourselves. This is an important element in the path to wealth. A path only you can craft and choose whether it leads you to wealth or destruction. Lastly, I would like to leave you with the poem from Walter Wintle mentioned in the chapter. “If you think you are beaten, you are, If you think you dare not, you don't If you like to win, but you think you can't It is almost certain you won't If you think you'll lose, you're lost For out of the world we find Success begins with a fellow's will It's all in the state of mind. If you think you are outclassed, you are, You've got to think high to rise, You've got to be sure of yourself You can ever win a prize. Life's battles don't always go To the stronger or faster man, But soon or later the man who wins Is the man WHO THINKS HE CAN!” Hope this helps. Link to the tweet for book: https://amzn.to/3A0rj3r --- Aakash

    Books on Money | Think And Grow Rich Ep. 3

    Play Episode Listen Later Apr 4, 2021 22:58


    I try to read the second chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled, “Desire: The Starting Point of all Achievement.” It talks about the power of desire and how it can overcome nature. The chapter is divided into two parts. The first part retells the examples of Edwin Barnes, Hernan Cortes, Marshall Field, Henry Ford, Copernicus and other notable men of history who never let their desire die. The second part is a personal story of the author. It is the story of how Hill's own son managed to overcome his deaf and mute state and desire to hear and be heard. This story underlines how desire can even beat nature if we force it to. Lastly, I would like to leave you with this quote that sums up this episode: “Success requires no apologies Failure permits no alibis” Hope this helps. Link to the tweet for book: https://amzn.to/3A0rj3r --- Aakash

    Books on Money | Think And Grow Rich Ep. 2

    Play Episode Listen Later Mar 28, 2021 24:35


    I try to read the first chapter of Think And Grow Rich by Napoleon Hill. This chapter is titled, “The Power Of Thought” and talks about the importance of keeping the flame of desire lit. The author recounts experiences from the life of Edwin Barnes, an associate of Thomas Edison and RU Darby, a legendary life insurance salesman. Each story emphasizes the importance of desire when pursuing something of value. We learn about why most people quit when pursuing a difficult task through Barnes. Darby's teaches us how we're closer to success than we think and why persistence is important. Most importantly we learn how to, “keep on keeping on” which is something only the University of Life, as Darby puts it, can teach us. Hill also gives us a taste of the next chapter. One which was recommended by a sitting US Congressman in the 1940s. I hope you'll stick with me as I read this book and its lessons will help your life. Thank you for listening. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the tweet for book: https://amzn.to/3A0rj3r --- Aakash

    Books on Money | Think And Grow Rich Ep. 1

    Play Episode Listen Later Mar 27, 2021 18:10


    I try to read the introduction and author's preface of Think And Grow Rich by Napoleon Hill. This book was sourced from the same thread of books on finance and personal development under Rs 100. We learn about the author and his mentors. Napoleon Hill was an author and student of Andrew Carnegie, an American industrialist. Carnegie instilled in Hill a ‘secret' or a set of secrets to help him throughout his life. Hill used this secret to work with several other American luminaries between 1900 to 1950 including three Presidents, Albert Einstein, Alexander Bell, and Henry Ford. Many of these great names wrote praising words about Hill. The author's preface does lead into Hill's inspiring works through his books. However, it does not get into specifics. It does foretell that education is unnecessary to understanding his work. But a great desire for knowledge and wealth is required. Thus it sets up the book very well. I hope you'll stick with me as I read this book and its lessons will help your life. Thank you for listening. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the tweet for book: https://amzn.to/3A0rj3r -- Aakash

    Books on Money | The Richest Man in Babylon: Ep.14

    Play Episode Listen Later Mar 22, 2021 40:31


    I try to summarize the book ‘The Richest Man in Babylon” by George S Clason. This episode goes through each chapter presenting what the stories the author wrote and its key takeaways. From having the desire to be wealthy to actually realizing it, there's a lot that goes on. First you must not think of wealth as evil, or one that only accrues to the few. Think of wealth this way and it will never come to you. Next, you must start small. An important theme in the book is - a part of all you earn is yours to keep. How much exactly? Well, at least one-tenths. Therefore always limit your expenses to nine-tenths. Remember the seven cures to a lean purse: Start thy purse to fattening Control thy expenditure Make thy gold multiply Guard thy treasure from loss Make of thy dwelling a profitable investment Insure a future income Increase thy ability to earn From Mathon we learn that we should always ask questions before investing our money. From Banzar we learn that that protection of investment is important. From Dabasir we learn how to climb out of the debt trap as Mr. Shrewsbury found out. From Sharru Nada we learn how to make work our best friend. I hope this book and its lessons help you in building your financial future for the better, as it'll help mine. Thank you for listening. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the book [English]: https://amzn.to/3A61vmr Link to the book [Telugu]: https://amzn.to/3h8zEtp Link to the book [Tamil]: https://amzn.to/3hbFBpq Link to the book [Hindi]: https://amzn.to/3hdw40O -- Regards, Aakash

    Books on Money | The Richest Man in Babylon: Ep.13

    Play Episode Listen Later Mar 14, 2021 41:12


    I try to read the tenth and the final chapter of the “Richest Man in Babylon” by George S Clason. This chapter is about work, and why we should treat it like our best friend. No matter if we're a rich merchant or a slave. Sharru Nada, the merchant of Babylon, wanted to impress on the young Hadan Gula the importance of work. Hadan was the grandson of Sharru's merchant partner Arad Gula. In order to teach the youth the importance of work he recounted a story of how he became a merchant from a slave. He had two slave friends - Megiddo and Zabado. Megiddo always told him to work hard no matter the task. Zabado wanted to simply shriek and not work at all. This led them to their own fates. Sharru Nada took the path of hard work, which saved him from tireless work, breaking his back, and set him on the road to a free man. In this journey he met Arad Gula, who was a slave himself. Hard work helped both Arad and Sharru to become free men from slaves, and eventually rich merchants from free men. The story helped convey the importance of hard work to the youth Hadan. Regardless of what your work is, remember to - always make it your best friend. And if someone asks you “why are you working so hard” know that you're on the right path. Keep at it. Thank you for listening. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the book [English]: https://amzn.to/3A61vmr Link to the book [Telugu]: https://amzn.to/3h8zEtp Link to the book [Tamil]: https://amzn.to/3hbFBpq Link to the book [Hindi]: https://amzn.to/3hdw40O -- Regards, Aakash

    Books on Money | The Richest Man in Babylon: Ep.12

    Play Episode Listen Later Mar 13, 2021 27:12


    I try to read the ninth and penultimate chapter of the “Richest Man in Babylon” by George S Clason. This chapter involves two letters written in 1934 and 1936 and five clay tablets written 5,000 years earlier. But it recites a lesson that is timeless. A British archaeologist named Mr. Shrewsbury finds Dabasir's clay tablets. The tablets detail the plan the camel trader used to pay off his debts. He learnt this plan from Mathon, the gold lender. The plan was simple. Seven-tenths of earnings would be used to pay living expenses. Two-tenths to pay off debts. Finally, one-tenth is Dabasir's to keep. In the five tablets he writes about his journey from slave with no family and a mountain of debt to an honourable man on a path to becoming ‘rich among men.' This intrigues Mr. Shrewsbury so much that he decides to follow it. He goes to his creditors, tells them the plan he's using to pay them off and does so. He details his learnings in the second letter. What's interesting is the simple lessons he learned from tablets written centuries earlier - live within your means, always save, and always pay off debts. Mr. Shrewsbury address Dabasir's works, “He had a real message for fellow sufferers, a message so important that after five thousand years it has risen out of the ruins of Babylon, just as true and just as vital as the day it was buried.” Thank you for listening in. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the book [English]: https://amzn.to/3A61vmr Link to the book [Telugu]: https://amzn.to/3h8zEtp Link to the book [Tamil]: https://amzn.to/3hbFBpq Link to the book [Hindi]: https://amzn.to/3hdw40O -- Regards, Aakash

    Books on Money | The Richest Man in Babylon: Ep.11

    Play Episode Listen Later Mar 7, 2021 25:07


    I try to read the eighth chapter of the Richest Man in Babylon by Georgle S Clason. In this episode, we meet Dabasir, the camel trader and Tarkad, a hungry citizen who owes the former money. Tarkad has no intention to repay his debt. All he wants is to satisfy his ailing stomach. He has barely eaten for two days. Dabasir takes Tarkad to an inn, but does not give him food. Instead he narrates a tale of how he went from a slave in Syria, to a wealthy camel trader in Babylon. After taking on debt, he could not repay, his wife left him. He left Babylon in search of fortunes. To satisfy his luxuries he joined a band of robbers. They were eventually caught and sold as slaves. His master's wife Sira notices that Dabasir was unlike the other slaves. She asked him ‘You don't have a soul of a slave, you have a soul of a free man.' She convinced him to go back to Babylon, repay his debts and bring back his wife. He was given the opportunity to escape by Sira, and he gladly took it. After fighting hunger, thirst and hopelessness, he made his way from the desert of Syria to the fertile lands of Babylon. There he met all the creditors he had to repay and vowed to pay them back. Eventually, he found work as a camel trader. Through his toiling to pay back the debt he asked himself one question - ‘Do I have the soul of a free man or a slave?' Because when anything is taken on debt, you never own it. It is owned by the bank. You're merely a temporary holder. But if you ask yourself this question, then no debt is too big to pay back. The author ends with the following words you can use when staring at a mountain of debt, “Where The Determination Is, The Way Can Be Found.” Thank you for listening in. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the book [English]: https://amzn.to/3A61vmr Link to the book [Telugu]: https://amzn.to/3h8zEtp Link to the book [Tamil]: https://amzn.to/3hbFBpq Link to the book [Hindi]: https://amzn.to/3hdw40O -- Regards, Aakash

    Books on Money | The Richest Man in Babylon: Ep.10

    Play Episode Listen Later Mar 7, 2021 11:25


    I try to read the seventh chapter of the Richest Man in Babylon by George S Clason. In this short episode we meet Banzar, the warrior of Babylon. He is entrusted with protecting the city from the onslaught of the Assyrians. The king and the army are away and the only defense Banzar can rely on is the walls of Babylon. Citizens are scurrying to him concerned if the walls will hold up. Banzar reassures them that the wall has survived for a century. After nearly a month of the onslaught, the Assyrians retreat. The city's fears turn into a stream of joy. Protection of what's precious is important. Just as the walls of Babylon built for safety held up, so should we ensure safety for our finances. The tools we use to do this as plenty, but a few themes we should look at are - insurance, savings, and dependable investments. These will endure difficult times and make sure we have a steady income source. Listeners, always make sure that you're principal is safe, savings secure, and future income guaranteed. The author concludes with the following words, "We Cannot Afford To Be Without Adequate Protection" Thank you for listening in. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the book [English]: https://amzn.to/3A61vmr Link to the book [Telugu]: https://amzn.to/3h8zEtp Link to the book [Tamil]: https://amzn.to/3hbFBpq Link to the book [Hindi]: https://amzn.to/3hdw40O -- Regards, Aakash

    Books on Money | The Richest Man in Babylon: Ep.9

    Play Episode Listen Later Mar 1, 2021 20:42


    I try to read the sixth chapter of The Richest Man in Babylon by George S Clason. In this chapter we discuss the perils of lending your money. By now we've seen the importance of saving money, at least nine-tenths of it. Now, we delve into what should be done with earned and saved money. For this, we see the tale of Rodon, the spearmaker. He has just come into good fortune. For his work, he's received 50 pieces of gold. Not knowing whether he should lend it to his sister's husband for his merchant's business, he approaches Mathon, the gold lender of Babylon for advice. Mathon takes the spearmaker through the rules he uses to discern trustworthy customers from non-trustworthy customers. He tells the tale of the ox and the ass with the moral - don't take other people's burden onto yourself when trying to help them. He recites the tale of those who haven't repaid his loans, and what he learned from these encounters. In every tale, the moral remains the same, and its etched onto the box in which Mathon keeps his borrower's collateral, which read, “Better a little Caution Than a great Regret” Thank you for listening in. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the book [English]: https://amzn.to/3A61vmr Link to the book [Telugu]: https://amzn.to/3h8zEtp Link to the book [Tamil]: https://amzn.to/3hbFBpq Link to the book [Hindi]: https://amzn.to/3hdw40O -- A #investing #finance #books

    Books on Money | The Richest Man in Babylon: Ep.8

    Play Episode Listen Later Feb 28, 2021 23:32


    I try to read the fifth chapter of The Richest Man in Babylon by George S Clason. In this chapter we discuss the five laws of gold. These laws are recited by a merchant who was employed by the son of Arkad, the richest man in Babylon. The merchant recites the story of how the son - Nomasir, earned the wealth of Arkad. He had to do a series of tasks, one which would make him understand the importance of wisdom over gold. The five laws of gold are what Arkad wanted to impart to his son. And his son did imbibe them. Though, it came to him after bitter days, when his wealth did erode. No person can build wealth immediately. Mistakes make experiences, which we use to build our laws of gold. Whatever they may be. These are the laws which Arkad wanted to impart to Nomasir: Gold comes to those who save Gold labours for the wise owner Gold clings to the cautious owner Gold slips from those who invests in the unfamiliar Gold flees those who chase impossible earnings Find your laws of gold. Thank you for listening in. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the book [English]: https://amzn.to/3A61vmr Link to the book [Telugu]: https://amzn.to/3h8zEtp Link to the book [Tamil]: https://amzn.to/3hbFBpq Link to the book [Hindi]: https://amzn.to/3hdw40O -- A #investing #finance #books

    Books on Money | The Richest Man in Babylon: Ep.7

    Play Episode Listen Later Feb 23, 2021 27:41


    I try to read the fourth chapter of The Richest Man in Babylon by George S Clason. In this chapter we discuss the role of luck in building wealth. Goddess luck is often seen as a central figure in building wealth. But is luck just about being in the right place at the right time, or about taking the opportunity of being in a place. Arkad is joined by a few men of the city in the Temple of Learning. Here, they discuss the role of luck in three facets - Can luck help greed, can seizing opportunities entice the goddess of luck and can procrastination and work alight. Through the chapter the central theme remains - opportunity before luck. Luck does not hand hold us to opportunities that make us wealthy. It is putting ourselves in the opportune moments that give us good fortune. When opportunity knocks we should be on the other side waiting for it. Arkad concludes with these words: Good luck can be enticed by accepting opportunities. Thank you for listening in. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the book [English]: https://amzn.to/3A61vmr Link to the book [Telugu]: https://amzn.to/3h8zEtp Link to the book [Tamil]: https://amzn.to/3hbFBpq Link to the book [Hindi]: https://amzn.to/3hdw40O -- A #investing #finance #books

    Books on Money | The Richest Man in Babylon: Ep.6

    Play Episode Listen Later Feb 22, 2021 13:32


    I try to read the third chapter of The Richest Man in Babylon by George S Clason. In this chapter Arkad details the final two cures. I look at the sixth and the seventh cures which are - “Insure thy future” and “Increase thy capacity to earn.” Nobody knows what's in store tomorrow. But we should be able to insure against anything unforeseen. Arkad gives us three ways to insure our future - hide wealth, own a house, give out debt. I'd like to propose a third - own a piece of something. This could be a business, an investment, an asset, anything. Anything, as long as it accrues income to you during a time when you cannot earn, or you aren't there in the world at all. Always remember to insure yourself to ensure income for those who depend on you. In order to build wealth, one must have desire. Arkad says, the desire to build wealth should be strong and definite. It should not be confusing, numerous or unachievable. Wealth accrues to those who desire it. It can be achieved in one's job through hard word, perseverance, and toil. But I'd also suggest incorporating more than one income stream so that your capacity is not limited to one. Thank you for listening in. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the book [English]: https://amzn.to/3A61vmr Link to the book [Telugu]: https://amzn.to/3h8zEtp Link to the book [Tamil]: https://amzn.to/3hbFBpq Link to the book [Hindi]: https://amzn.to/3hdw40O

    Books on Money | The Richest Man in Babylon: Ep.5

    Play Episode Listen Later Feb 21, 2021 11:52


    I try to read the third chapter of The Richest Man in Babylon by George S Clason. In this chapter Arkad details the rest of the cures. I look at the fourth and the fifth cures which are - “Guard thy treasure” and “Own thy home.” When we begin saving, we have something we've never had before - an amount of money with nothing to do with it. At this point, we want to put it into something that earns us income. Arkad warns us to be wary of who we give our hard earned money to. His rule reads, ‘always protect thy principal' and when deciding who to give it to don't be swayed by extraordinary claims. After all, is your hard-earned money. Owning a home should be the goal for any person in the long run. This teaches us discipline and patience. A home is the largest investment we'll ever make. It requires immense sacrifice, constant saving, investing but the reward Arkad suggests is one that will improve our lives. This may be difficult in the times we live in, but owning a home is something we should work toward suggests Arkad. Thank you for listening in. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the book [English]: https://amzn.to/3A61vmr Link to the book [Telugu]: https://amzn.to/3h8zEtp Link to the book [Tamil]: https://amzn.to/3hbFBpq Link to the book [Hindi]: https://amzn.to/3hdw40O

    Books on Money | The Richest Man in Babylon: Ep.4

    Play Episode Listen Later Feb 20, 2021 18:34


    I try to read the third chapter of The Richest Man in Babylon by George S Clason. In this chapter Arkad details the rest of the cures. I look at the second and the third cures which are - “Control thy expenses” and “Make thy gold multiply.” Budgeting is one of the simple ways we can start saving more money. But how should we deal with expenses. Arkad differentiates expenses as - necessary expenses and desires. He says, spend on necessities, and worthwhile desires. Do not let your budget be burdened with unnecessary desires. Gold or income is something that should work for you, not you for it. In order to achieve this, start by investing some amount of your money. When you do, don't rest the income received. Instead, make the money work for you. Make your investments produce income, which you can use to invest once again. Let that process continue until compound interest takes over. Thank you for listening in. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the book [English]: https://amzn.to/3A61vmr Link to the book [Telugu]: https://amzn.to/3h8zEtp Link to the book [Tamil]: https://amzn.to/3hbFBpq Link to the book [Hindi]: https://amzn.to/3hdw40O

    Books on Money | The Richest Man in Babylon: Ep.3

    Play Episode Listen Later Feb 10, 2021 11:43


    I try to read the third chapter of The Richest Man in Babylon by George S Clason. In this chapter the king of Babylon, Sargon is displeased that the wealth of the city is held by a few people. He wants the city to be prosperous. For this, he wants those who do not know how to acquire wealth to learn. For this he summons Arkad, the richest man in Babylon. Arkad tells him he knows 'seven cures for a lean purse.' He is willing to teach these cures to a hundred men of Babylon. We look at the first cure - 'start by fattening thy purse' or simply save what you receive. This will set you on the path to earning more because to him who desires more, more will accrue. In the next chapters we will see the rest of the cures. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the book [English]: https://amzn.to/3A61vmr Link to the book [Telugu]: https://amzn.to/3h8zEtp Link to the book [Tamil]: https://amzn.to/3hbFBpq Link to the book [Hindi]: https://amzn.to/3hdw40O Link to Cal Newport's book: https://amzn.to/2U6LCvu -- A

    Books on Money | The Richest Man in Babylon: Ep.2

    Play Episode Listen Later Feb 8, 2021 27:28


    I try to read the second chart of The Richest Man in Babylon by George S Clason. In this chapter we're introduced to the protagonist, Arkad who is the richest man in Babylon. He shares with his peers how he managed to get wealthy. He explains the lack of luck, the teachings of mistakes, and the importance of time in his journey. His timeless advice is something we can all follow. He teaches us how to acquire money, keep it and use it. This is not dependent on luck, nature or complexity. It is something we can all inculcate through simple changes. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the book [English]: https://amzn.to/3A61vmr Link to the book [Telugu]: https://amzn.to/3h8zEtp Link to the book [Tamil]: https://amzn.to/3hbFBpq Link to the book [Hindi]: https://amzn.to/3hdw40O -- A

    Books on Money | The Richest Man in Babylon: Ep.1

    Play Episode Listen Later Feb 6, 2021 13:49


    I try to read the first chapter of The Richest Man in Babylon by George S Clason. This book has stories on how to build wealth through time. Time takes with it a lot of thing. But financial wisdom in the sands of Babylon, or the streets of modern life remain. This chapter is about Bansir and Kobbi, two dejected citizens of Babylon. They want to get weathy, but don't know how. They decide to pay a visit to the richest man in Babylon. If I can improve in any way, please let me know. Also drop your recommendations in the comments! Hope this helps. Link to the book [English]: https://amzn.to/3A61vmr Link to the book [Telugu]: https://amzn.to/3h8zEtp Link to the book [Tamil]: https://amzn.to/3hbFBpq Link to the book [Hindi]: https://amzn.to/3hdw40O -- A

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