As a techie who doesn't want to lose my "hard earned" money I'm glad you decided to write about this topic. I have a lot of learnings as well but I'm afraid to share widely because there's is no absolute advice on this subject. Only generic advice like "be disciplined" and "be patient" which are not practical.
The only absolute advice that I believe in is "move your money to index funds." I read a ton of books and made a ton of mistakes. Finally JL Collins' book "The simple path to wealth" helped me the most. It's not as popular as some of the other contemporary ones but it taught me all I need to know about managing my money.
As a techie who doesn't want to lose my "hard earned" money I'm glad you decided to write about this topic. I have a lot of learnings as well but I'm afraid to share widely because there's is no absolute advice on this subject. Only generic advice like "be disciplined" and "be patient" which are not practical.
The only absolute advice that I believe in is "move your money to index funds." I read a ton of books and made a ton of mistakes. Finally JL Collins' book "The simple path to wealth" helped me the most. It's not as popular as some of the other contemporary ones but it taught me all I need to know about managing my money.
Thanks Suresh. I am reading that book too. I’ll keep on sharing more practical advices in next episodes. It’s gonna be a mega series.
Awesome! Looking forward to it. Also happy to chat about this subject anytime.
Thanks For sharing Gourav!
Your post brought to my mind a sentence: plan for the best, be ready for the worst.