BACK TO BASICS OF PERSONAL MONEY MANAGEMENT AND WHY?

I am surprised at what I see in a few cases that I have come across and hence this digression from the logical chain of blogs,where I was to look at other options to deploy savings besides the banks. That will now continue after this blog or may be after a few blogs. Matters important though not urgent must be attended to and this seems very important making it very urgent.

My focus and purpose of my web site and blog is  to teach and help those suitable students to help themselves and become rich, remain rich and be happy in life. At a later stage I expect them to help others and thus in my mission to spread financial education and happiness as well as help achieve financial freedom to those seeking help. Charity begins at home and learning is never complete without teaching.

Even God helps those who help themselves but these few cases made me think that my whole efforts may get diverted to treating the disease of financial distress self inflicted and of their own volition and lose the intended positive focus and purpose.

Height of professionalism is to eliminate your need to exist. If doctors  work to eliminate disease and if people remain  healthy and disease free thus building society to a Utopian state where doctors are not required. Similarly I will like to see all people sufficiently rich and happy so that there is no need for my teachings or help, Utopia again.

Dealing with a few cases of financial distress leading to frustration caused by high interest personal and credit card loans , inadequate and incorrect insurance . All this after getting good education, coming from good families and getting jobs and having responsibility of family with children of their own. This is what got me thinking and my analysis came to two inferences:

1. Like Singapore past Prime Minister says about India that it does/did  not develop because its a democracy without discipline , personal financial management and pursuit of becoming rich, helping others and retiring early too needs much discipline as well as knowledge of basics.

2. Basic subject knowledge and being faithful to it is lacking and I was reminded of a book which I read many years back and decided to read it again and local library got it for me.

Every problem has a solution and teachings from this book helped me reach my financial goals and achieve Financial Freedom and so here is an absolutely compulsory reading for all those who follow or want to learn from me . This book was written in 1920s , its timeless and as relevant today. Its small and in a story form , despite selling millions of copies and being available is still not read and practised by many. Old style English does not prevent getting the message across.Its written by an American but not many here seem to follow his teachings, that is sad but true.

So here is the book which you must get, read and practice its teachings in your life

The Richest Man in Babylon.

By

George S Clason

That its teachings and mine have a lot of goal congruence and a lot in common is not a coincidence but that the author like me was also a veteran army man surely is.

I appeal to all to read, learn and benefit from this book.