What will you learn from this book
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Power of Regular Investing: The book likely emphasizes the impact of consistent investing, even with small amounts, over a long period. It demonstrates how regular contributions, no matter how small, can accumulate significantly over time.
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Long-Term Perspective: Subramanyam may stress the importance of having a long-term outlook when it comes to investing for retirement. Compounding plays a crucial role, and starting early can significantly enhance wealth accumulation.
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Financial Discipline: The book might advocate for financial discipline and the habit of saving and investing regularly. It could provide practical tips on budgeting and managing expenses to allocate funds for investments.
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Goal-Oriented Investing: Subramanyam likely discusses the importance of setting clear financial goals for retirement and aligning investment strategies accordingly. Different goals might require different investment approaches.
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Understanding Risk and Returns: The book may cover the basics of risk and return in investments, educating readers on various asset classes and their potential risks and rewards.
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Diversification: The concept of diversification might be highlighted, explaining how spreading investments across different assets can help manage risk in a portfolio.
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Investment Options: Subramanyam could discuss various investment options suitable for long-term wealth accumulation, such as mutual funds, SIPs (Systematic Investment Plans), stocks, and other avenues.
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Inflation and Retirement Planning: Addressing the impact of inflation on retirement planning is crucial. The book might cover strategies to combat inflation's erosion of purchasing power during retirement.
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Reviewing and Rebalancing: Regularly reviewing and rebalancing investment portfolios might be emphasized to ensure they stay aligned with financial goals and risk tolerance.
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Financial Education: Lastly, the book might stress the importance of financial literacy and education, encouraging readers to continue learning about personal finance and investment strategies.
| Language | English |
|---|---|
| ISBN-10 | 9380200072 |
| ISBN-13 | 9789380200071 |
| No of pages | 261 |
| Font Size | Medium |
| Book Publisher | Network 18 Publications |
| Published Date | 01 Jul 2010 |
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Looking forward to be financially free? Or worried about retirement? Wondering if you can retire early? Curious if you can maintain your lifestyle in retirement? Retirement can easily be the years of Golden Sunset and it is easy to do it! In Retire Rich at Rs 40/- a day, the author- P.V. Subramanyam tells you why you need to plan for retirement even if you are 25 years away from retirement, the options available and how to make retirement a time it is truly meant to be a time for rest.
Packed with case studies and sound, simple advice, this book is a must-read. Do not turn your retirement into a situation fraught with stress, by missing some simple steps. Book synopsis to most people retirement is an age. It of course depends on your health, the company you work for etc. However in the first chapter I would like to introduce you to the concept that retirement is an amount of money! After all, if you have that magical amount why not retire early? The second chapter takes you through the steps and importance of planning and to the dangers of not planning.