Book Review – ‘Dream Big’

cover-revised-1-e1495339786805

Publisher: TV18 Broadcast Ltd (CNBC TV18)

Publication date: 10 Sep 2017

Book length:265
ISBN-10: 9789384061647
ISBN-13: 978-9384061647

Blurb

Thirty six year old Vaibhav, the ever-smiling symbol of new age Indians, started his career as a driver. Today, he is the owner of a flourishing taxi service business and is scouting around to buy a Mercedes Benz…not on a loan but with the wealth he has amassed over the years!

How did he get from being a driver to a millionaire? Three simple secrets – he had the courage to dream big, learn about financial planning and implement what he learnt.

Now, while you don’t need anyone to help you to dream big, here is a book that will teach you everything that Vaibhav learnt. All you have to do is find the tenacity to implement it.
Everything, from the importance of saving and investing and the need for life and health insurance to various investment products like mutual funds, SIP, PPF etc. that can enable you to build wealth, is explained in this book in simple and jargon free language. It helps you to choose instruments that are most suitable for you and explains why you would be better off without others.
Dream Big simplifies and breaks down common financial planning principles such as risk profiling, asset allocation, portfolio construction, rebalancing etc.
and explains the tax implications of various investment decisions. It also contains sections on planning for retirement and a legacy, and financial planning for women, divorced individuals, defence employees, senior citizens, etc.

In a nutshell, the authors, Dr. Mukesh Jindal & Mr. Arunraj VS, have put together a modern day compendium on personal finance that provides appropriate knowledge and wisdom to anyone who dares to dream big. With this book, like Vaibhav, you too can get into the driver’s seat of your financial life and ride the road to riches.

Thoughts

It is indeed a true fact that our country India lacks financial literacy. Most people are unaware of the fields of health insurance, life insurance, mutual funds, equity funds and wealth generation.

Review and Rating

The narration in the book begins with the story of the author’s taxi driver who diligently followed his master’s advice and is now the owner of a taxi chain.

The book goes into great detail about the different types of mutual funds, their benefits and yields for the reader to know and decide which one would suit him best. It also guides the readers on how to access the risk involved in mutual funds by thoroughly reading the documents.The language is simple and the concepts are explained through examples and diagrams for better understanding.The chapters are short and to the point giving the gist of several areas like investment planning for child education. Nonetheless, the mini chapters brush upon areas like divorce cases, legacy planning etc. The importance of contingency fund and proper investment plan are emphasised. Tax is one of the concerns for every individual and the chapter discussing tax implications on investment is the chapter everyone should be focussing on.

It is ideal for beginners or youngsters who are entering into 20s to provide the much needed financial literacy. The information available in the internet is cluttered and it is often very difficult to segregate the right information. This book proves to be very handy in clearing the vague thoughts with regard to financial planning. Consulting a Certified Financial Planner plays an important role in helping one achieve their Goals. Last but not the least, its sums up the book with importance of creating a will for every individual.

Personally the book was an eye-opener of all sorts. I will recommend this book to everyone.

Rating: ⭐️⭐️⭐️⭐️/⭐️⭐️⭐️⭐️⭐️

Like what you are reading? Click on the links below to buy the book. It is available in both e-book and paperback format.

  • Paperback

Dream Big : Let Your Financial Plan Make Your Dream Come True

  • Ebook

Dream Big : Let Your Financial Plan Make Your Dream Come True

This book review is a part of –  The ‘Readers Cosmos’ Book Review Program and Blog Tours, For details log on to thereaderscosmos.blogspot.in

20180430_235655_0001

17 thoughts on “Book Review – ‘Dream Big’

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s