Let’s Talk Money - A beginner’s guide towards financial freedom
I am in my final year now, and will be graduating probably in a month. Ever since we saw the figures on the job offers during placements, I bet a lot of us have been a bit excited about spending them on all the things we have been planning for a long time. I myself love high-tech gadgets, all the iphones & ultrabooks & smartwatches are in my sight now that I won’t have to ask for money (and have a guilt trip) to buy them.
Amidst the lock down, the idea of investing piqued my interests and thus I started reading about hotshot investors like Warren Buffet, Charlie Munger & Robert Kiyosaki. Their stories were enough to inspire me to rethink how I want to spend my hard-earned money. All these people instead kept talking about MAKING MONEY WORK FOR YOU, and gave the directions to implement that.
But I felt that these book lacked 2 verticals which I was looking for -
- It had some differences with the Indian market which weren’t easy enough to figure out by yourself.
- It didn’t exactly target the audience who were looking for exhaustive financial planning guidance rather just focused on investing to become wealthy.
A friend recommended the book Let’s Talk Money by Monika Halan, suggesting that it’s a single stop solution to all the problems that I have been facing in my personal finances. Let’s Talk Money address all the financial products an Indian citizen needs to target to have a peaceful sleep without worrying for their families well being. From Life & Health Insurance to your Will, everything is exhaustively explained. Mutual Funds, Real Estate, Gold Assets & also Fixed Deposits are discussed in ample amounts to give a crystal clear view to someone with no background of finance.
The author profoundly addresses the importance, the benefits & the costs of each and every financial product mentioned in the book. The PROS and CONS, the ‘BEWARE’ signs & the TRAPS, the author has debunked all of these with mathematical backing to provide proper guidance to the reader. Not only has she focused on the product variety, but also the combination which will work for your personal aims.
By our 30s, most of us who haven’t already thought of financial planning will start, but I still think that it is something every graduate should make an effort towards as early as possible. The book costs less than a Starbucks coffee but the knowledge it provides, that will be visible in your financial decisions throughout your life.
