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Learn personal finance and understand what it takes to live a financially healthy life (plus an occasional article on investing opportunities in India and abroad).
Welcome to Invest Karo India.
One of the most interesting Wikipedia article I have come across, goes like this
Ronald James Read was an American philanthropist, investor, janitor, and gas station attendant. Read grew up in an impoverished farming household. He walked and hitchhiked 4 mi (6.4 km) daily to his high school and was the first high school graduate in his family. After graduation Read worked as a gas station attendant and mechanic for about 25 years till he died in 2014.
Read’s death in 2014 received widespread media and news coverage. Why you ask?
Well, Read by the time he died had amassed a fortune worth nearly $ 8 Million. He left most of it as a donation to the local town hospital and library.
A janitor who worked for 25 years at a janitors salary, had in his lifetime successfully amassed a fortune worth more than 99% Americans his age.
How did he do this? By following basic principles of personal finance.
He lived below his means, invested in only blue chip companies he understood and never took on too much debt.
Ronald Read figured out this simple formula to live a financially healthy life and he did it on a janitor’s pay cheque.
Yet, most of us struggle to manage our finances. We make investments without researching, handle our investments based on what someone tells us to do and make decisions without a proper understanding of the consequences of those decisions.
I personally believe personal finance is one of the most important skills that everyone should learn. Good personal finance is the difference between living a peaceful financially healthy life vs living an anxiety filled troublesome one. Even though personal finance is an easy and very important life skill, sadly, we aren’t taught anything about it, either in school or even in college. Our education system doesn’t prepare us to enough to make good decisions for one of the most important resources in anyone’s life - Money.
This newsletter is my attempt to bridge that gap.
I have spent the last decade learning about personal finance and building systems that work for me. I was eventually also able to automate much of these systems and now the net result is that I live a life with immense peace of mind knowing my automated systems are working to manage my money in the best possible way.
The good part is - even you can make a system for yourself that manages your money in the best possible way for you.
Through this newsletter, I aim to teach you those systems, the basics and best principles of personal finance and sometimes give you in depth research into some of the most incredible companies of our times.
As the title of this newsletter suggests, much of these systems and research is based around India and Indian companies, but these principles should work for any other country as well.
Why so much focus on India, you ask? Well, I believe in the coming decade, India will present itself to be the greatest wealth creation opportunity ever in the sub continent’s history.
Each article published here, is backed by detailed research, translated into easy to understand text without all the financial lingos and jargons.
Since good things take time and there are already too many newsletters, this one will not be sent on a weekly or monthly cycle. Instead, you will only see an email from me in your inbox when you can really benefit from reading that email.
Until the next one.
Sign up now so you don’t miss the next issue. Meanwhile, you can even go through some of the previously published articles.
In the meantime, tell your friends!