Mad About Money has been created because we want everyone to own a success story. It is a first of its kind magazine for all those who dare to aspire.

1. TUNING
YOURSELF
TO THE FREQUENCY
OF SUCCESS
MONEYGASM
- ECTASY MONEY
RELATED
Without knowledge of what to
do with money, it will be gone
pg. 30
In the modern era there is no
such thing as a secure job
pg. 20
Don’t let EMIs become your biggest
financial trap
pg. 14
MONEY IS NOT
EVERYTHING
MadAbout
January,2017,
Issueno.5.
Cover story:
Money
but you need plenty of it before thinking so
MONEY
CAN’T BUY
HAPPINESS,
BUT WHAT
CAN
POVERTY
BUY?
CONTROL YOUR
EXPENSES OR
YOUR EXPENSES
WILL CONTROL YOU
WHAT CAN
DAMAGE YOUR
PROSPECT
OF BECOMING
RICH?

2. Money
MadAbout
2
Content
12_Wealth comes those
who believe in themselves
14_ Don’t let EMIs
become your biggest
financial trap
16_ Money can’t buy
happiness, but what can
poverty buy?
18_Moneygasm - ectasy
money related
20_ In the modern era
there is no such thing as a
secure job
22_Tuning yourself
to the frequency of success
24_ Control your
expenses or your expenses
will control you
26_ Looking Rich
Vs. Being Rich
28_ Banks should be
paying you, not the other
way around
30_ Without knowledge
of what to do with money,
it will be gone
Money
MadAbout
Issue no.4
Neither this publication nor any part of it
may be reproduced, stored in a retrieval
system, or transmitted in any form of by any
means electronic, mechanical, photocopying,
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permission of MadAboutMoney magazine.
All information in MadAboutMoney magazine
is checked and verified to the best of the
publisher’s ability, however the publisher
cannot be held responsible for any mistake
or omission enclosed in the publication.
0410
06
“Money is not everything, but you
need plenty of it before thinking so”
Never rely on a
single income to
make you
a millionaire
A comfortable
life will never
make you a
millionaire
Cover story:
08What can damage
your prospect of
becoming rich?

3. 3
Money
MadAbout
Money
MadAbout
Editor’s NoteIf there’s one common
thread, that runs
through each and every
one of us connecting us
and binding us to each
other is this – we are
all mad about money
in our respective lives!
Be it a multimillionaire
businessman or the
local neighborhood
vegetable vendor, our
madness about money
is a crucial part of our
existence – the madness
to have it, the madness
to attain it, the madness
to save it and protect
it and of course, the
madness to have excess
of it and be rich!
To put this in the
current perspective,
8th November 2016
might have come that
morning like any other
day but it definitely left
with a bang! Almost two
months now, towards
a new and constantly
changing cashless
economy, the only
statement that can
perhaps hold true about
each and every citizen
of India is everyone is
currently Mad About
Money, specifically
cash! So right from the
government down to the
average young student,
everyone is mad about
one single thing right
now– and that’s money!
In this issue too we deal
Money
MadAbout
with money itself as
a core asset, what it
means and stands for.
More importantly, it
will be about each and
every facet that drives
us crazy…how to earn
it easily, how to have
it more, how to save it
better, how to invest
it to grow, but more
importantly, and here
lies the difference, how
to change our mindsets
so that all this happens
by default and much
easily!
Our lead story this
edition is quite an
interesting read where
we talk about looking
rich vs being rich. Since
we all want to become
rich, have we ever
questioned ourselves
whether we want to
look rich because we
want people to think
we are rich, or whether
we want to be rich so
that we can look rich.
Which do we want
more? Which is more
important to us? Which
is more important to
people who are already
rich and successful?
The Tata’s and the
Zuckerbergs of the
world? What do they
do? How do they spend
their time? In being rich
or looking rich? More
importantly, does one
necessarily define the
existence of the other?
Interesting elements to
assess from a mindset
perspective isn’t it?
Our lead story in our
inaugural edition is all
about this and much
more.
To conclude, Mad About
Money is here to talk
about everything to
do with money that
draws your attention
and passion, but in a
different way, with
a slightly different
touch…so that unique
magic wand that just
makes all this slightly
more attainable in
practical terms.
So keep reading and
keep getting rich!
Sachin Mittal

4. Money
MadAbout
4
The Mad Gang who makes
it possible every month
Vijendra Singh,
Manager Money Craft
Giving a tight twist to money
Swadesh Mishra,
Officer Out-standing
The world in his pocket
Shravan Giri,
Creative Technologist
Tech at his fingertips
Anubha Rathore,
Arts & Crafts Designer
Designer craft creator
Rajiv Ranjan,
Joint Creative Technologist
Joining forces in troubleshooting
Dheeraj Kumar,
Chief Money Scientist
Sees the glass half full

5. 5
Money
MadAbout
Akanksha Mishra,
Associate Money Scientist
Hopefully optimistic
Abhijit Banerjee,
Idea Ambassador
An idea for a song…
Johny Chopra,
Buzz Ambassador
Spreading the good word
Ahmed Ansari,
Lord of the Ledgers
Tight fisted…always
Soma Ghosh,
Chief Buzz Creator
Creating the big buzz
Dillip Rout,
Account-ability Officer
Wire | Digital Creative AgencyMagazine designed by:

6. Money
MadAbout
6
“Money is not everything,
but you need plenty of it
BEFORE THINKING SO”
You do know who said these words, right? The richest man on earth –
Bill Gates! This coming from the richest person on the planet - it must
mean something.

7. 7
Money
MadAbout
F
or some, money is a
translation for being
able to afford the
few harmless indulgen-
ces of life and being able
to enjoy the little luxu-
ries. For others, it’s the
way to make ends meet.
Something to just get by
and not really indulge in
decadence! And so, while
you may not need more
of it and while it definitely
cannot offer a replace-
ment for everything in
life, money definitely is a
big necessity.
This type
of attitude
creates
negativity
about being
rich or having
money
The world is full of clichés.
And, being rich or having
adequate money is ano-
ther cliché that is asso-
ciated with dishonesty or
being immoral for living an
extravagant lifestyle. Every
time we hear statements
like these - that disapprove
money/wealth – it hits us
on a subconscious level.
Unknowingly it moulds
our mind into creating a
negative attitude towards
wealth.
That’s precisely why it’s not
uncommon for many peo-
ple to feel guilty for being
able to afford certain things
financially – and for their fi-
nancial success - that most
people don’t have.
This type of negativity
towards money/finances
is bound to affect you in
some way or the other
and discourage you from
putting your best efforts to
achieve financial stability.
Our minds may
be free, but we
are bound by
the matter
Sure, money is not somet-
hing that you need for fee-
ling ‘joyful’. You know - the
kind of joy you feel when
you see you kid getting
good grades, or the kind
of joy you get by helping
someone. Our emotions
including fear or happi-
ness don’t accept credit
cards. But, we are bound
by our physical needs. Our
mind may be free to think
whatever it wants to as it
doesn’t really understands
the monetary terms, our
bodies do rely on the po-
wer that comes with being
financially sound and
having enough money; for
it needs safety and secu-
rity. We do need a home,
good food to survive, and
clothes on our body.
It gives us an
excuse to be
lazy
Statements like these are
basically a way for us to
feel good about ourselves
– about our inadequacies
– and our flaws. It basically
gives us approval that it’s
okay to be lazy and not
really do much about ac-
hieving financial success.
This is in no way to say that
financially secure people
are competent and others
are not. But, achieving
financial success does
require us to go out of the
way and get out of our
comfort zone.
THERE’S NO DENYING THAT MONEY IS
NOT EVERYTHING. BUT, IT’S DEFINITELY
SOMETHING. YOU CANNOT DENY THE
FACT THAT YOU NEED IT FOR SURVIVING.
It forces us into finding
out who we are and
what our true ca-
lling is. And, all that
requires efforts. But,
because we want to
stay comfortable and
lazy, we give ourse-
lves excuses with sta-
tements like – money
is not everything and
we don’t need it, when
clearly you do need it
even if just to get by.
So, next time you find
yourself thinking that
you don’t need money;
make sure you have
earned enough of it.

8. Money
MadAbout
8
Your dream – a bungalow or a mansion, top luxury cars in
your garage, multi-million dollars in your bank account, a
private plane that you can take to anywhere in the world.
This is your dream but the rich are already living it. In fact,
they are so accustomed to it that it is a normal lifestyle to
them. This is where you, a daily wager, needs to reach. You
will know it when being rich becomes a habit rather than
choosing to be wealthy.
A comfortable life
will never make you
A MILLIONAIRE

9. Money
MadAbout
9
I
t’s all about the mi-
ndset - the way you
think, the way you see
life, the way you see
opportunities and the
actions you take.
“I am
responsible
for my circum-
stances”
This statement is an
insight derived by Dave
Ramsey, author of the
article “20 Things the
Rich Do Every Day” from
analysis of feedbacks
received from around the
world on this article.
This statement is impor-
tant because being rich is
a mind game. This school
of thought advocates the
fact that every individual
has the ability to change
his/her circumstances.
Again, if you are strong
willed, and you know
what it takes to reach
the sky, you can change
it. If you are not scared
of hard work, readily
engage in self-improve-
ment techniques, make
the right choices and
embrace good habits,
you will know that you
are on the right path. If an
average person conti-
nuously seeks to improve
themselves by all means
at their disposal, circum-
stances will automatically
turnaround, creating an
abundance of wealth
and prosperity. Hence it
proves, that those who
cry over spilled milk are
responsible for it. They
should stop victimizing
themselves in the name
of destiny and luck.
The good vs
the evil
An average person usually
thinks of the rich as the
exploiting dictators who
suck the money out of the
poor people to gain for
themselves. Apparently,
they also believe that the
God’s favor the fortunate
ones and shower them
with more and take away
from the needy. It is a very
unjustified and unreasona-
ble thinking. The rich are
the way they are because
of their habits, and the
poor remain poor because
they refuse to change and
to improve. The avera-
ge person needs to rise
above this ‘I am the victim’
mindset. They need to
stop being a target of the
almighty and accept all
challenges with an open
and positive mind. There
is no Good or Evil person.
There are only positive
and negative thoughts.
And it can only change if
you move away from ne-
gativity and remain within
the positive mindset.
Excuse
yourself from
excuses
There should be no if’s
or but’s when you want
to achieve a goal in life.
Once you start with it,
that’s when you start
slipping. Face your pro-
blems chin up and avoid
quitting just because you
hit a roadblock..
Avoid giving into silly ex-
cuses like procrastination,
too many long working
hours, luck not on my side,
finances slipping away,
etc. You need to exit your
comfort zone and usual
habits because a comfor-
table life will never make
you a millionaire.
The gist of the matter is,
reason the reason that
stops you from doing
what should be done to
achieve your dreams.
The moment that feeling
pops up – ‘I can’t do it’ –
do it. Charm yourself up,
polish up and have the
rich for your company,
learn, and get rich.

10. Money
MadAbout
10
There would definitely a question that always strikes the mind
of entrepreneurs: why am I not becoming rich? As much as the
question is important, the answer to it holds a higher precedence.
WHAT CAN DAMAGE
YOUR PROSPECT OF
BECOMING RICH?

11. 11
Money
MadAbout
L
ottery winners. They
win a huge sum of
money just like that,
and lose it just the same
way. Now think about other
entrepreneurs, the inve-
stors, the people who play
a calculative yet adrenaline
laden game. These people
get rich, and then they
lose money, but they earn
it all again. These people
make others wonder if
getting rich is a matter of
destiny and luck. This is
the question that must be
answered. We know it’s
not possible to answer this
question perfectly, but we
are here with the best that
we can. After all, that’s all
that matters. It’s not about
being absolutely right, it’s
about knowing where we
can fail and how to over-
come it, not avoid it. You
can’t avoid risks, you learn
to take risks and turn them
into your favor.
The mindset of
rich people
Books such as Secrets
of the Millionaire Mind
by T. Harv Eke tell a lot
about the mindset of rich
people. What they think
about money, how they
perceive it in compari-
son to poor or not so rich
people. Learning how rich
people think can be a very
useful stepping stone as
you can then figure put if
your thought process mat-
ches theirs. In case your
thoughts don’t match, this
can be considered as a
hurdle, and this is what
you might want to change
about yourself. The mind-
set is the key.
Learn from the
habits of the
rich
Your habits should take
you towards wealth,
success and healthy mind.
Success is not a onetime
event, it’s a habit, so if you
want to be wealthy, make
your habits that match your
vision. Start with inculca-
ting a habit of saving. The
best idea is to spending
money after saving a
certain amount, rather than
spending money before-
hand and then saving the
rest, chances are, there
wouldn’t be any money
left to save at the end of
the month.Learn from the
habits of rich people, and
adapt them. You can either
work for weekends, or
work for a car, or a house.
YourWorst
Enemy:
Procrastinating
We understand that it’s
hard to sit back and relax
with so much going in
today’s fast life. And this
is what makes time even
more valuable than it used
to be earlier. Time is an
asset that you never get
back. Give your goals the
highest priority. If you are a
procrastinator, you can use
this trait in your benefit too.
Just delay the unnecessary
expenditures and events
that need your time but
aren’t important. As they
say, Lamborghini doesn’t
advertise because the
people who can afford it
are not watching television,
they are making money.
Anger drives
wealth away
Fear is an emotion that
stops people from taking a
step, from taking an action,
from making a decision.
Fear leads to inaction, whi-
ch will take you nowhere
in best case, and bring
you down in worst case.
Fear doesn’t let you move
forward. Anger, on the
other hand, drives wealth,
prosperity and mental
health away. It also takes a
toll on your immunity and
overall well-being. You
can’t be rich or successful
if you are spending money
and time to get your health
fixed. Shame is a pain-
ful emotion, as you feel
inferior about yourself. How
do you expect to excel
when you don’t think you
are capable or deserving
of succeeding. The lesser
you feel about yourself, the
more you spend on your-
self. That doesn’t sound
like success at all.
CHANGING
YOURMONEY
MINDSET
Rule 1
Stay Away From
Debts
Debts are the worst
thing one can have
as it prevents your fi-
nancial plans to grow.
Hence rather than
going for mindless
expenditures through
credit cards, make
sure you use your de-
bit cards more. Even
with a pay raise, debts
do affect a family in-
come in many ways.
Rule 2
Simplify And Make
Realistic Monetary
Goals
Do not make mate-
rial gains and posse-
ssions as your long
term goal. A prospe-
rous stress free pre-
sent and a social and
financial security for
you and your family’s
future should be the
goal for life. Owning
houses, cars are part
of this goal.

12. Money
MadAbout
12
What did he do to become a millionaire? This is a common feeling that
most of us experience in our life at one point or the other. We see many
of our contemporaries moving forward faster than us when it comes to
finance. Even people who have regular savings habit do a self-introspection
every now and then to understand why they feel like stagnating in a single
point for a long time.
Never rely on a single
income to make you
A MILLIONAIRE

13. 13
Money
MadAbout
W
e keep
worrying why
we feel left
behind financially despite
all our genuine efforts to
build wealth. The answer
to all the above ambigu-
ities is simple. Building
wealth is not purely about
the genuinity of the efforts
alone but also the dire-
ction of the same. Let us
simplify it further
WHYINCOMEFROM
MULTIPLESTREAMS
ISAMUST
Before we venture into the
importance of multiple
streams of income, it beco-
mes inevitable to under-
stand why it is so. We live
in a society in which no job
is as secured enough as
it was in the yester years.
Almost 80% of the popu-
lation relies on the income
that is generated from
their job to run a livelihood.
When the job is lost, life
comes to a standstill which
is a high risk situation.
Health care and Educa-
tion are two aspects that
are highly important in
everyone’s life. These two
aspects are the costliest
ones too. Most of us lead
a life in which we are not
able to pay cash for our
purchases, particularly the
high end ones like furni-
ture, car or house. Buying
things using cash remains
a dream most of the times.
We accumulate debts and
repaying them swallows
most of our income from
a single stream namely
employment.
BUILDING
MULTIPLE INCOME
STREAMS IS THE
BEST SOLUTION
While our income rises
in pennies, the financial
commitments grow in
pounds. To tackle our
requirements, it is highly
prudent to build multiple
income streams which will
take us to the shore safely.
Diversify your savings
and investments in
various streams whose
dependency differs in a
huge manner
Invest a portion of your
income in real estate.
Let your first investment
on real estate be on a
property rather than a
land since property is
capable of generating
income earlier than plots.
Earmark a portion of
your income on savings.
Let these savings be
diversified into market
dependant and non-
market dependant
investments. Fixed and
Recurring Deposits are
less market dependant,
fetching you assured
allied income. Investing
in Monthly SIP and
Mutual Funds can
be highly market
dependant. Bifurcate
separate amounts for
each type of savings
based on your risk
taking capability
If you have enough
income to balance your
savings versus leading
a comfortable life,
invest possible amounts
in small businesses
assessing the profit
earning capabilities of
the same. Ensure this
business doesn’t steal
much of your time which
you need to spend on
your regular job. Let
this venture fetch you
income that is an add-
on to your regular one
If your office works only
five days a week and
your weekends are at
your disposal, think of
ways that will de-stress
you and at the same
time fetch you some
extra income. If you are
good at singing and
music relaxes you, start
taking music class for
children in your vicinity
during weekends. This
will earn you the much
sought for name, fame
and money. If you
can coach children
on games, utilize the
weekends which
will become highly
productive and relaxing
We would insist you to
think – When there are
multiple streams available
for spending why not cre-
ate the same for earning?
MAKING MONEYWORK FOR YOU
Protect and safeguard your Money
The first step towards becoming a rich man is to monitor your expenses, and not worry about it. Most of
the times you spend more than what you've planned. It is the prime reason why you fall short of cash for
every important assignment, which you waited for long. Budgeting will help you spend money wisely and
within limits, and also make you learn to respect it. In other words, you can control your money well if you
plan to spend it intelligently rather than money controlling your life. Thus, every single expense needs to be
budgeted well enough to avail maximum monetary reaps in future.
Burden off your Money
Get rid of all the debts and let your money breathe. If you want your money to work for you, this is a crucial step. Debts
could emerge due to various reasons like people investing their money without researching well in stock markets,
buying and selling real estate or having loans on credit cards, etc. Not only are these factors strenuous, but extremely
hard to overcome. So, your budgeting should also include clearing all kinds of dues at the earliest to have
some breathing space regarding the cash inflow.

14. Money
MadAbout
14
WEALTH COMES THOSE
WHO BELIEVE IN THEMSELVES

15. 15
Money
MadAbout
A
sk any of the
wealthy people
living an abundant
lavish life, and they will
raise their hands. They
just know the game too
well. They just let their
money do the bit whi-
le they focus on other
luxuries of life. You can
be one of them too. The
constant urge of ruling
the world like a king is
what that will earn you
the entire kingdom. But,
is it so simple? Yes, it may
be if you behave like one.
“If you can Dream it, you
can do it.”
– Walt Disney
Just follow these simple
rules and you’ll be on
your way to your goal:
PROTECTAND
SAFEGUARDYOUR
MONEY
The first step towards
becoming a rich man is
to monitor your expen-
ses, and not worry about
it. Most of the times you
spend more than what
you’ve planned. It is the
prime reason why you fall
short of cash for every
important assignment,
which you waited for
long. Budgeting will help
you spend money wisely
and within limits, and
also make you learn to
respect it. In other words,
you can control your
money well if you plan to
spend it intelligently rat-
her than money contro-
lling your life. Thus, every
single expense needs to
be budgeted well eno-
ugh to avail maximum
monetary reaps in future.
LETYOUR MONEY
BREATHE
Get rid of all the debts
and let your money
breathe. If you want your
money to work for you,
this is a crucial step.
Debts could emerge
due to various reasons
like people investing
their money without
researching well in stock
markets, buying and
selling real estate or
having loans on credit
cards, etc. Not only are
these factors strenuo-
us, but extremely hard
to overcome. So, your
budgeting should also
include clearing all kinds
of dues at the earliest
to have some breathing
space regarding the
cash inflow.
PUTYOUR MONEY
WHERE IT GIVES
YOU MONEY
Stack up your cash in a
high-yielding savings
account. Your money will
generate more value as
it sits there. A high-yield
saving account offers
attractive interest rates
that make your money
grow. There you go, your
money just doubled itself
without you having to
intervene. Though risky,
stock markets are a great
place to invest and to do-
ubling your money. Invest
your money in profitable
and growth accustomed
companies and organiza-
tions as these business
entities are valued higher.
PAMPER YOUR
MONEY
By pampering, we mean
to love it, respect it and
save it. It is important
because it will make your
money grow exponentia-
lly. Manage your wealth
in a way that it prepares
you for the unexpected
situations and circum-
stances. After paying off
all your debts, tuck away
rest of the money into
savings. Let it rest, and
let it grow. There will be
a point when the money
you saved would have
doubled or tripled over
time through interests.
Remember to keep
fueling your savings now
and then.
THERE IS A
FAMOUS SAYING
- “WEALTH
COMES THOSE
WHO BELIEVE IN
THEMSELVES AND
ARE DETERMINED
TO MAKE IT
HAPPEN.” ANYONE
CAN EARN
MONEY AND
MULTIPLY IT TWO-
FOLD. BUT HOW
MANY PEOPLE
DO YOU KNOW,
WHO KNOW HOW
TO MAKE THEIR
MONEY WORK
FOR THEM AND
SELF-MULTIPLY!
“Average people live beyond their
means. Rich People live below theirs.”
–Steven Siebold

16. Money
MadAbout
16
Home loan EMI – check, Car loan EMI - check, Personal
Loan EMI - check…the list is endless! The reality of today’s
households is centered around everyone trying to keep
their heads over the host of EMIs that they need to pay out
every month!
become your biggest
FINANCIAL TRAP
Don’t let EMIs

17. 17
Money
MadAbout
N
eedless to say, for
many…the amount
spent on monthly
EMIs has gradually beco-
me greater than their mon-
thly income! The result?
Resorting to the plastic
in the wallet for making
purchases, and worse, for
withdrawing cash.
In short, unchecked debt
increase and thereafter
fatter and fatter credit
card bills do nothing other
than dig deeper pits for
you and your family. And
dangerously this is too
common a story today!
What one needs is a well
thought out route towards
being debt free. Don’t let
EMIs become your big-
gest financial trap!
WHY IS STAYING
DEBT FREE
IMPORTANT?
Staying debt free and
having a clean borrowing
history is crucial in cu-
rrent times since various
credit information organi-
zations such as CIBIL and
the like track and pass
on the credit history of
individuals to banks and
other financial instituti-
ons. In the calculation of
your credit score, almost
35% weightage exists on
your repayment history.
Hence, if you have a poor
credit history, you will
find it very difficult to get
loans from banks in the
future. Your credit card
limit will also get affected
and in some cases credit
cards even get blocked
for people with a poor
credit score.
THE ROUTE TO
BEING DEBT FREE:
STEP 1
Knowyour status:
Your first step is to know
whether you have already
fallen into the EMI trap or
not and if you have then
how deep in it you are.
Experts say that if an in-
dividual is paying EMIs to
the tune of 45% of his/her
income, then it is already
a matter of concern.
STEP 2
Assessyourdebts:
Take a good look at the
kind of debts you are
paying EMI for. Are these
good debts? That is, are
these EMIs for assets or
investment towards your-
self that will give returns
in the future? Max to
max 25% of your income
should go into EMIs that
are non-mortgage loans
or fall under discretionary
spending. However, this
does not mean that EMIs
for good debts in huge
proportions every month
is financially healthy!
There are umpteen no
of examples where car
loans or personal loans
get rejected for people
with good debts such
as home loans, but with
monthly EMI amounts
that are more than two/
third of their net income.
STEP 3
Possible debt
repayments:
Make a list of all your
debts and analyze which
ones are the costliest
and which ones the
cheapest. Credit card roll
overs, for example are
the most expensive with
almost 40% interest rates
so they should top your
repayment list.
Second priority is your
personal loans. Take into
consideration the tenure
of these since there’s
an element of penalty
involved. If you see that
the loan would get over
in a couple of months
then there is no point.
Repay loans which still
have 6-12 EMIs to go at
least. One should also
look at the tax aspects
of the loan since some
provide exemption bene-
fits and might be better
to keep in comparison to
the others. For example,
educational loans.
STEP 4
Uniqueways to be
Debt Free
You can think of consoli-
dating your debt in order
to go debt free. Taking
a loan to repay other
loans might sound like
a bizarre idea but it can
actually work since the
new interest rate would
at least be lower than the
interest rates of personal
loans and credit card
roll overs. Loan against
property also works
towards liquidity. Howe-
ver, if you lack discipline
than such measures mi-
ght not work since taking
another loan might just
be adding to your pro-
blems. In case you take a
loan against property and
then go for a holiday with
that money, you would
basically be digging a
deeper financial burden
pit for yourself.
As a conclusion, it
can be said that,
being debt free
and not having to
think about the
constantly growing
EMI amounts leads
to a lot of positives…
both on your credit
score front as well
as your personal
financial planning
front. So now that
you know how to go
about being debt
free, what are you
waiting for? Get out
of those big financial
traps called EMI’s!

18. Money
MadAbout
18
MONEY CAN’T BUY
HAPPINESS, BUT WHAT
CAN POVERTY BUY?

19. 19
Money
MadAbout
W
ait, if you are
starting to think
that I am the
mean minded miser who
only counts money and
doesn’t care about anyt-
hing else, that’s far from
the fact. I am very much
the balanced person who
values both the little ha-
ppy and romantic nuances
of life, values hard work as
well as believes in living
comfortably.
Infact, I’m probably a little
too balanced or practical
than many and thus have
a problem with that above
statement. I mean why
this misplaced negativity
about money? The state-
ment is all too common
and if I may dare to say
so, an all too common a
justification for the lazy
who would not want to
use their potential in doi-
ng something worthwhile
(assuming they have it).
SO WHY THIS
NEGATIVITY?
‘Money can’t buy happi-
ness’’ essentially means
that something else can…
and that something has
to be something that’s
not money or may be
the opposite of money…
so in our little human
minds, we summarize
that having no money is
then okay.
BUT IS IT?
If we were to rephrase this
statement and say it out
loud what the sentence
secretly tries to say…and
that is…poverty can buy
happiness. So I ask you
friends…is that true?
The only thing poverty
can (perhaps) save you
from is the added worry
about how much to save,
where to invest and the
tax implications. Other
than that…what does
poverty save you from? I
dare ask.
WHEN YOUR
LITTLE HOUSE
NEEDS REPAIR
You might argue that a
little house beside the
river with your loved ones
is a happier and more
peaceful existence than
a glass facade high-rise
on a congested cosmo-
politan city with people
with plastic smiles all
around. Okay, but what
about when your little
house needs repair and
you can’t afford it and the
roof eventually caves in?
What about the times
when your loved ones fall
sick and you can’t pay to
save them? What about
the times your kids want
better education or to
pursue their passion and
you can’t support. Money
might not buy happiness
all the time, but let’s face
it…neither does poverty
and in far lesser instan-
ces than the former! Isn’t
it always better to be
rich than poor or let say
better to be working and
aspiring towards a com-
fortable life style rather
than justifying being poor
and helpless?
WHAT YOU
SHOULD BE
DOING INSTEAD…
Trash that proverb! Yes I
mean it! Such negativi-
ty is not needed in life,
really. Be practical. You
need money in life to be
comfortable and to be
happy. It might not be
your main focus in life but
you need it and it does give
you happiness. The first
paycheck gives you happi-
ness, the first gifts you buy
for your parents give you
happiness, your first house,
first car, that occasional
vacation with your loved
one from your hard earned
savings…everything gives
you happiness.
MONEY CAN’T BUY YOU HAPPINESS. YEAH, AGREED…IT’S TRUE. BUT CAN POVERTY
BUY YOU HAPPINESS THEN? CAN IT?
THE ANSWER IS MOST DEFINITELY A RESOUNDING NO! AND WHY JUST HAPPINESS?
POVERTY CAN’T BUY YOU ANYTHING…NOT FOOD, NOT SHELTER, NOT CLOTHING…
HENCE DEFINITELY NOT HAPPINESS EITHER! HENCE, I HAVE A PROBLEM WITH THIS
PROVERB IN THE FIRST PLACE.
So let’s just get
real here…our focus
needs to shift from
justifying being lazy
and not thinking
about money, to ac-
cepting that money
does make a diffe-
rence and is needed
and focus on your
work and more im-
portantly your savin-
gs and investments
that you make from
it, for real happiness
and peace in future!

20. Money
MadAbout
20
THE BEST
MONEYGASM
SITUATION IS
DEFINITELY BEING
COMPLETELY
DEBT FREE! YES,
NOTHING RELATED
TO MONEY CAN
GIVE YOU THAT
ECSTASY THAN
WAKING UP ON
THE 1STMORNING
OF THE MONTH
AND REALISING
THAT YOU HAVE
NO EMIS TO PAY!
YES, JUST THINK
ABOUT IT…NO
EMIS TO PAY!
DOESN’T IT FEEL
LIKE A DREAM?
IT DOES…AND
THE COOLEST
THING IS…THIS
MONEYGASM
SITUATION,
ANYONE CAN
ATTAIN IT
IRRESPECTIVE OF
THEIR INCOME OR
NET WORTH!
If you want to make most of your finances, being debt free is not even an option, it’s a
dire necessity! You can argue that there are good debts and bad debts like the home
loan EMI vs credit card for shopping debate, but keeping aside that for the time being,
it’s a fact that any kind of debt ultimately negatively affects your income and drags it
down. My top 5 Moneygasmic reasons for going debt-free include:
1. Being in complete control of your income in its entirety – an incredible feeling!
2. Having more money to save, invest and hence, to spend!
3. Removing the big ‘BUT’ from your finance related statements. Eg “I earn Rs. X per
month ‘BUT’ Rs. Y has to go towards….” Will become a thing of the past!
4. Making it easier to quit your boring job whenever you want to! (Moneygasmic, isn’t it?)
5. Freeing your mind of the stress and anxiety that’s part and parcel of debts.
So what are you waiting for, in life...go debt-free n be stress-free!
COMPLETE DEBT-FREE SITUATION

21. 21
Money
MadAbout
When we think about emergency funds, we tend to think about it as a short term goal.
Strictly speaking that might be true but its implications and benefits are for much lon-
ger term and that’s exactly why it features in our top moneygasmic situation list. Our
Top 5 reasons for having a well-stocked emergency fund include:
1. Takes away most of the money related stress, worries and anxiety and provides a
sense of security of having a reserve if you ever get into an tight spot
2. Softens the big blows of unexpected and sudden life events such as job loss or
medical emergencies
3. Features as one of the crucial finance management tools since if one can be dis-
ciplined enough to save for an emergency fund, he/she would be able to save up
for any financial goal that the person might have.
4. Acts as an intermediate source of finance between your income and your inves-
tments…that is, the half way mark where you can safely stand and use the money
without disrupting any long term investments that you have
5. Makes the wild stock market swings more tolerable and emotionally less dama-
ging since you always know that your survival would never be at stake – a true
moneygasm situation indeed!
A TRULY
MONEYGASMIC
SITUATION WOULD
BE TO HAVE A
WELL-STOCKED
UP EMERGENCY
FUND! WELL,
I DO REALIZE
THAT YOU MIGHT
NOT HAVE BEEN
EXACTLY THINKING
ABOUT THIS, AS
IT DIRECTLY DOES
NOT RESULT IN
ANY ECSTASY
FOR YOU PER
SE…HOWEVER,
IT INDIRECTLY
WORKS TOWARDS
KEEPING YOUR
MONEY RELATED
ECSTASY INTACT
AND OVER LONG
TERM! AND IF YOU
ASK ME, THAT’S
EXTREMELY
CRUCIAL!
WELL STOCKED UP EMERGENCY FUND SITUATION

22. Money
MadAbout
22
In the modern era
THERE IS NO
SUCH THING AS
ASECUREJOB

23. 23
Money
MadAbout
E
ven jobs that fell
out of this category
were considered
safe if people worked in
the same place for many
number of years. People
performed these jobs in
a monotonous manner
which in turn made them
feel highly safe and
steady. This scenario per-
sisted for many decades
emphasizing the relativity
between the duration
and job security.
JOB SCENARIO
TODAY
The world has become
highly competitive. We
live in a professional
era that is absolutely
different from the yester
years. Every moment
matters for succeeding
in career. Anyone who
slacks in thinking for a
few seconds faces the
danger of losing out in
the organization. These
performance standards
mostly depend on the
business expectations
from the concerned mar-
ket and the performance
of the Competitors.
KEY DIFFERENCES
IN APPROACHES
Organizations today work
based on the perfor-
mance of employee. This
calls for constant up-gra-
dation of one’s skill sets
to suit market standards
from time to time. Unlike
the olden days, people
no more stick to jobs in
organizations beyond a
point of time. Being with
organizations depends
on the growth prospects
that it is able to provi-
de to every employee.
People quit organizations
very frequently for higher
money and positions.
Today, Employees’ expe-
ctations from a job are
typically the money they
earn and experience they
gain out of being on rolls.
No emotional or psyc-
hological bonding gets
created between em-
ployees and organizati-
ons relieving them of any
commitments towards
each other. Once an em-
ployee feels he is ready
for the next level, he
jumps job without setting
any expectations on the
job security aspect.
CONCLUSION
There is no single factor
that helps organizations
retain work force for lon-
the race. The vast expo-
sure world wide web and
technological advance-
ments have thrown on
people has complicated
life more than value ad-
ding to the same. People
have started dragging
themselves towards the
competitive edge in such
a fast paced manner that
there is no such thing as
a secure job today.
COMPETITION IS
COMPLICATING
THINGS
The speed in which the
world is moving today
has inculcated a thought
process that is totally
opposed to the earlier
day thinking. Today, the
longevity of service is no
more related to security
of the job being done.
Performance parame-
ters have become highly
stringent for every role
in organizations. Peo-
ple’s performance levels
are being assessed in a
periodical manner irres-
pective of the duration
of their association with
Organizations todaywork based on the
performance of employee.This calls for
constant up-gradation of one’s skillsets to suit
market standards from time to time.
ger duration of time. As
long as one performs and
business requirements
are being met, he is on
the job. The moment
when these factors go
for a toss, the job is out
of hand. This approach of
the organizations as well
as the individuals has
created a scenario today
where there is no such
thing as a secure job.

24. Money
MadAbout
24
TUNING YOURSELF
TO THE FREQUENCY
OF SUCCESS
MAKE THE LAW OF
ATTRACTION WORK IN YOUR
FAVOR. YOU KNOW WHAT
THEY SAY - ‘YOU ATTRACT
NOT WHAT YOU WANT,
BUT WHAT YOU ARE!’

25. 25
Money
MadAbout
T
his famous quote
by one of the most
successful people
on earth gives away a
lot than meets the eye
about finding and achie-
ving success. These are
pearls of wisdom which
if applied rightly can set
into motion a series of
actions that will definitely
lead you upto success.
If you want to tune into a
particular channel on the
radio, what do you do?
Of course you adjust the
radio button accordingly,
don’t you? You do that to
set the radio to a cer-
tain frequency; the one
that matches with the
frequency of the channel.
As soon as you can do
that, you start downloa-
ding the information from
that channel.
Well, guess what! Human
mind is quite like that
radio you use to tune into
various channels.
Now it’s up to you to de-
cide which frequency you
set your mind to. A mise-
rable person sees misery
in every situation. A happy
person sees happiness in
every situation. The same
way, a person with the mi-
ndset of success sees it in
all situations around him.
Think like a
successful
person
‘Fake it till you make it’.
It’s not just some quote.
It’s the truth. Keep saying
something to yourself and
you will actually start be-
lieving it and it will start ha-
ppening. Tell yourself you
are already successful and
it will happen. It is bound to
happen. Read the stories
of successful people who
made it big. Keep yourself
engrossed with success
stories and try to surround
yourself with success-
ful people. You will start
observing that good things
have started gravitating
towards you.
Make the law
of attraction
work
There’s nothing you can’t
achieve if you really set
your mind to it. But, of
course you have to be
sure about what you want
and the fact that you really
want it. Just wishing for
something is not enough.
You have to believe in it.
Believe that success will
come to you, and it will.
Make the law of attraction
work in your favor. You
know what they say - ‘You
attract not what you want,
but what you are!’ if you
are successful in your
mind, you will start attra-
cting it in everything else
as well; whether you mean
entrepreneurial success,
success in relationship, or
success materialistically.
Set yourself to
the frequency
of success
To do that, you will have
to define success in real
quantifiable measure. Don’t
think of it as an abstract
concept. Set clear and
precise goals and know
what success means to
you. Don’t think of it as
some distant identity that
is impossible to achieve. If
even one person can do
what you wish to achieve,
then it means it’s achie-
vable. That’s the first step
to setting yourself to the
frequency of success.If you
can do even this much, you
are on the path to success
and achievement.
But, it is important to take
that first step and the
path will keep getting
created on its own. You
will keep figuring things
out and the all the pieces
of the puzzle will slowly
start falling into places.
HOWTO
GROWUP&
GETRICH
STEP 1
Gain Knowledge
About Money
The understanding
and utilization of
money have gone a
revolutionary change
over the decades.
Hence from an early
life do not let your fi-
nances be handled by
advisors or your bank.
Rather read yourself
and try to gain the
knowledge about the
dynamics of money
and its investments.
STEP 2
Have Clear
Expectations
It is important to have
a definite and clear
understanding about
what you want out of
your life. The expecta-
tions also need to be
realistic and should
be in sync to your own
skills and capacities.
“When you make a decision, you flip your brain onto a different
frequency. You begin to attract whatever is on that frequency”.
~ Bob Proctor

26. Money
MadAbout
26
Control your expenses
or your expenses
will control you

27. 27
Money
MadAbout
F
inance is the cum-
bersome happiness
which can turn our
life in to a pain filled hell.
The main reason for this
is that our income comes
through a single path
while expenses continue
happening vide many
side roads. If expenses
do not get controlled at
the right time every time,
we will inevitably come
under its control sooner
or later. Control your ex-
penses or your expenses
will start controlling you
WHO CONTROLS
WHAT MATTERS
Three things that a human
being must not become a
slave of are people, past
and money. Among these
three things, dealing with
money which is prevalent
everywhere is one of the
toughest things. I provide
here some tips for having
money under your control
so you do not fall under
its control
UNDERSTANDING
THE NATURE OF
MONEY
Money is an omnipotent
force in the world next
only to God. However, it
is the most eluding factor
too. While earning suffi-
cient money is the most
difficult thing in the world,
spending happens auto-
matically. Money never
stays in a place but keeps
flowing from one space to
another constantly in an
effortless manner
FIRST STEP TO
CONTROLLING
MONEY
The very first step to
controlling your money is
to track in a meticulous
manner the areas in to
which it flows. Every little
expense needs to be
tracked if you want to have
complete control over the
moneyyou have. Create a
tracker that will help your
track your expenses on
a day to day basis. This
will automatically help
you track your weekly
and monthly expense
status. Regularly tracking
expenses will make you
understand the major
areas where your money
is getting wasted. This will
automatically help you
contain spending your mo-
ney in the concerned area.
INVESTING
PRUDENTLY IS THE
SECOND LOGICAL
STEP
As soon as you recognize
the area where your money
is getting wasted, plugging
the loopholes needs to be
done immediately. Divert
the money that was going
for a toss towards prudent
investments and savings.
This will help you control
your money’s movement
in the direction you want it
to move.
MAKE YOUR
MONEY SEEK
YOUR PERMISSION
When you streamline
your expenses, every
movement of your money
happens with your permis-
sion. Money starts seeking
your permission to enter in
to a space and exist out of
many. Anyone who cannot
control his own emotions
can certainly not control
his money. Controlling
one’s emotions is the key
to controlling your money.
Lack of control over your
emotions creates financial
loss. Be conscious about
the interaction between
your emotions and money
so that you never ever
get under its control. Lack
of money is the state in
which money takes control
over you. Ascertaining
the wastage areas at the
appropriate time and buil-
ding money in the form you
wish to build will help you
to have complete control
over your money.
HOLD ONTO
YOUR CASH
Plan 1
Plan a long-term
strategy foryour cash
You seemed a lot ha-
ppier when the prices
of stocks were high
and expected it go
higher. Now, that they
are behaving in just
an opposite manner
doesn’t mean all is
gone. The rich won’t
stress over markets
downturn, although
it would make them
take charge to moni-
tor their savings and
investments and see
they don’t lose it..
Plan 2
Monitoring Wealth is
Important
Stash your wealth
whichever way, you
think is suitable,
but keep your eyes
on it at all times.
Keep track of all the
investments so that
you are aware of the
slightest fluctuations
in the market. It will
also help you in ma-
intaining budgets for
future expenses and
investments.. ‘Money
comes to those who
have faith in themse-
lves.’ So, restructure
your financial port-
folio, harmonize with
the market’s ups and
downs and never give
up on your dreams to
achieve your financial
goals. Rise, awake
and stop not until the
goal is reached.
SOME THINGS NEVER CHANGE IN LIFE. THEY REMAIN SO
CONSTANT THAT WE KEEP STRUGGLING TO HANDLE THEM IN
A PROPER MANNER. ONE SUCH THING THAT CAUSES ISSUES
OF DIFFERENT TYPES IS OUR FINANCE.

28. Money
MadAbout
28
THEY SAY ‘’SEEING IS BELIEVING!’’ BUT, WE NEED TO ASK OURSELVES,
IS IT REALLY TRUE? ARE THINGS ALWAYS THE WAY THEY LOOK? WELL,
MORE THAN HALF THE TIMES, THEY’RE NOT.
Looking Rich
Vs. Being Rich

29. 29
Money
MadAbout
B
ut, look closer.
Look at the biggest
millionaires. Look at
Bill Gates. The guy is the
definition of geek. Look
at Mark Zuckerberg. It’s
hard to think of a nerdier
looking person than him,
and yet he’s the youngest
billionaire in the history.
The guy virtually controls
everyone’s life around the
globe. Something to think
about, isn’t it?
BUT, CAN YOU
REALLY TELL
THAT BY THE WAY
THESE PEOPLE
LOOK?
Imagine someone coming
from an alternate dimen-
sion, who knows nothing
about the people on the
earth. Do you think they
could describe a person’s
personality – who they
are – purely based on
their looks? Chances are
slim to none!
WE’RE THE
CREATURE OF THE
EYES
We rely on our eyes to
judge/analyze things.
But, when we scratch the
surface, things often turn
out to be completely di-
fferently and not how they
looked initially. That’s the
power of deception. The
entire advertising industry
has been long exploiting
the power of deception to
lure the customers in. You
pass by a bakery shop
and all the items are pre-
sented in an alluring way
to catch the customer
attention. But, we all know
that most of the stuff that
looks good on the sur-
face, doesn’t necessarily
taste that good. The same
way, just because so-
meone appears to be rich
looking outwardly, may
actually be buried under
a mountain of debt.
THE ‘MARK
ZUCKERBERG’
STORY
Just the other day, Disco-
very was broadcasting a
show about Mark. It talked
about how his employees
thought that Mark wears
the same jacket again and
again. It was not until later
that the employees at
Facebook found out that
he actually has several jac-
kets that look exactly the
same. An average person
will be thrown in for a loop
hearing this. But, there’s a
reason why he wears simi-
lar looking jackets every
day. It saves him the time
and the energy that is ot-
herwise wasted browsing
through the wardrobe
trying to figure out what to
wear. Zucker knows that he
only has one item to pick
and so he can save more
time and use it to actually
become rich instead of
looking rich.
FACEBOOK AND
INSTAGRAM – the
game of deception
based on looks
It’s hard to imagine any
other platform that could
better describe the game
of deception involving
looks than these leading
social media channels. Do
you really think people
actually look the way they
try to portray themselves
on Instagram and Face-
book? We all know how
sometimes people that
we meet on everyday ba-
sis sometimes look like an
entirely different person
on Instagram – all thanks
to the countless filters
and effects available.
Just because a person is
relaxing near a swimming
pool or near a beach do-
esn’t mean that, that per-
son is having the time of
his life. People only show
what they want to show,
and not the truth.What we
see on Instagram are only
the highlights of people’s
lives. Try to catch them off
guard someday relaxing
in their PJs and you’ll see
what they actually look
like. The same concept
applies to looking rich
and actually being rich.
It’s not to say that the two
are mutually exclusive.
Meaning if you are rich
then you would look ugly
or that all broke people
look good. It’s just that
the two don’t necessarily
define each other.
RICH PEOPLE
DON’T HAVE TIME
TO LOOK RICH
because they
are busy making
money.
By all means, go ahead
and look great! Just don’t
always think that good
looks are the definition
of wealth and richness.
Most rich people are
busy making money
and couldn’t care less
about what they look like,
because they don’t have
anything to prove and
hence don’t feel the need
to overcompensate for
things by their looks.
If you were given a choice between
looking rich and being rich, what
would be your pick? Different
people will have their own pick.

30. Money
MadAbout
30
Sounds radical, right?
But no, this is not a
radical thought; rather
this is how it should be.
If you want to maintain
healthy finances, this
is the only possible way.
BANKS SHOULD BE
PAYING YOU,
NOT THE OTHER
WAY AROUND

31. 31
Money
MadAbout
S
ee, the basic idea is
that if you are spen-
ding more money
than you earn, you are
losing money. If you plan to
do something big with your
career, or your life, you
need to make decisions
that can, and will curb your
basic desires. What’s more
important for you, the car
you want to buy, the house
you need to purchase, the
investment you need to
make to start your own bu-
siness, or that pair of funky
shoes? Is your weekend
party more important than
the dream vacation you
always wanted but co-
uldn’t materialize because
of budget restraints?
Those who
keep saving
money on
everything
We come across many
people who keep saving
money on everything, but
don’t think twice before
buying a phone on credit
card. Most of us have
done so, but when you
come to think about it, it’s
just a phone, it can wait.
Why buy it if you can’t
afford it? Save money for
it, and may be when you
actually get to buy it, the
rates already drop to suit
your pocket.. Consumeri-
sm has always been be-
neficial for companies and
banks. You buy expensive
phones with money you
don’t have, and end up
paying a good amount
of money to the phone
company, and even a
larger amount to the bank
as an interest.
End up
worrying
about the
payments
And it’s not just the money
that we are talking about
here. No. You also end up
worrying about the pay-
ments, about the last da-
tes, about the load you’ve
got on your head. The
more such unnecessary
expenditure you incur, the
more worrisome it gets. It
is draining, exhausting. The
tension you go through
every day, every moment
feeds on y our energy,
your life and your time. You
know the most important
asset we all have? It’s time!
Time is an asset that once
spent can never come
back. Make sure you spend
your time on good things,
with good people. Things
that matter, people that
make you become a better
version of you.
Plan your life
according to
your aim
Sounds like a lecture, ri-
ght, no, this is a life lesson.
This is a lesson that many
people learn the hard way.
You need to plan your life
according to your aim,
according to your ultimate
objective. Phones, expen-
sive clothes won’t leave a
lasting mark. Every phone
becomes a thing of past,
every expensive cloth
gets out of fashion. Stop
paying banks money that
you don’t have to impress
people that don’t even
matter, especially at the
cost of your goals. Read a
quite somewhere couple
of days ago: Lamborghini
doesn’t advertise because
people who can afford it
don’t waste time watching
television.
Yes, that television can
wait. If you can afford to
buy either a Smart TV or
go to a vacation with your
loved ones, we don’t need
to tell you which one you
should choose. Make
memories. Smart business
owners know this; it’s high
time you should also join
the league.
TIPSFOR
FINANCIAL
FREEDOM
Tip 1
Team Work Matters
If you are aiming for
financial freedom
and has a family,
your spouse also
needs to think
likewise. As a team,
you need to work
out on your financial
gains and expenses
to reach towards
financial freedom.
Tip 2
Budgeting Is
Important
To curtain expenses
and pay off your
loans, a budget is the
most essential key
to financial freedom.
It gives you a clear
picture about the
money which you
need to spend and
the moneyyou can
actually end up saving.
Tip 3
Start Early
Financial freedom
should be a goal that
should be cultivated
early in life and
hence an attitude
to save money
and make proper
investments at an
early stage and at
regular intervals is
crucial.

32. Money
MadAbout
32
Without knowledge of
what to do with money,
it will be gone
It’s one thing to earn money, to earn plenty of it. We know it’s not an easy
task to do so, but that’s not the end of your journey. On the contrary, this
is where your journey reaches its most crucial checkpoint.

33. 33
Money
MadAbout
L
et’s take a look at
these rules, otherwi-
se you will never
know what to do with your
money, and you’ll keep
losing it.
NEVER SPEND
MORETHANYOU
EARN:
It is plain common sense,
and we would like to
explain with an example.
Suppose you earn Rs.
30,000 per month, and
have a monthly expense
of Rs. 38,000. This would
mean that each month,
you will have a debt of 8
thousand rupees, resul-
ting in a total debt of Rs.
96,000 at the end of the
year. This amount would
be hard to clear up. On
the other hand, if you
spend exactly what you
earn, you won’t have even
a single penny to save for
an emergency. If your ex-
penses are less than your
income, you will always
have money to save. So,
make sure your expenses
are always less than your
income, and the lesser
the expense, the more
you can save.
PLAN FORTHE
FUTURE:
And we are not talking
about retirement here.
Remember all those car
ads where they ask you
to make a down payment
now and start giving in-
stallments from next year
onward, you’ve got to be
sure that you will be able
to make those payments.
If you are not sure, let go
of the deal. On the other
hand, if you invest in an
accidental cover plan for
your car, you will have
your expenses covered
in case of such unwelco-
ming emergency.
MAKE MORE
MONEYWITH
YOUR MONEY:
People always wonder
how rich keep making
money even while they
sleep. The thing is they
have saved plenty of it
before setting foot towar-
ds this goal.
Once you have saved a
good amount of money,
invest some part of it in
high interest investment
account. But never ever
empty all the money
from your low interest
standard savings acco-
unt. Always save enough
amount of money so
that you have somet-
hing with you in case an
investment doesn’t work
out. See, the first thing
that you must know, and
we are sure you do, is
that the trends of money
making have changed a
great deal. But the basics
haven’t changed a bit.
Yes, there are higher
paying jobs; there are
more growth opportuni-
ties, in current times. But
keeping your expenses
lower than your income,
investing part of your sa-
ved money will always be
a good advice. And never
blow up your paycheck
the moment you get it,
think about our future
and plan accordingly.
THE WAY YOU
SPEND, MANAGE
AND INVEST YOUR
MONEY LEAVES
A PROMINENT
IMPACT ON YOUR
LIFE, AND EVEN
THEN, MAJORITY
OF SCHOOLS
DON’T TEACH YOU
THESE SKILLS.
ALTHOUGH
THE MARKET IS
FULL OF EVER
CHANGING
CONCEPTS, BUT
THERE ARE SOME
RULES THAT JUST
NEVER CHANGE.
THEY ARE CALLED
THE BASICS, AND
THEY FORM THE
FOUNDATION OF
ALL OTHER RULES.
We all have heard that good old quote, “Money
begets money”, right? As much as it sounds like
honey to the ears, it takes effort and wisdom to
make it a reality.

34. Money
MadAbout
34
We live in a society which has two types of people in it. While one set
of people is highly cost conscious, the other is highly quality conscious.
There have been opinion clashes between these two classes of people all
throughout history. People who are highly quality conscious feel threatened
to go in for cheaper priced things. This is due to the inherent fear that low
cost things will not be of good quality.
JUST BECAUSE SOMETHING
IS CHEAP DOESN’T MEAN IT’S
WORTH THE COST

35. 35
Money
MadAbout
Cheap cost & good quality
Thebasiclogicaboutthingsbeingavailableforcheapisthat
they are made up of ‘not-so-good’ components or raw ma-
terials. Everyone, after all, is in business. People in business
target to earn profit and do not run a charityshow.This being
the case, they invest in producing superior quality products
that would enhance the name of their brand. Their focus is
to safeguard their bottom line and top line. Any prudent bu-
sinessman would not do anything that would damage the
image and brand name of their products. For this reason,
they use quality material and produce quality products.
This is the justification why one set of people do not go in
for cheap cost products since they know what the quality
of the same would be
Quality and cost go hand in hand
Some people swarm in to buy products that are cheap in
cost just for the happiness the possession of the product
provides. Certain others buy cheap cost products knowing
that they can enjoy those things for very short periods of
time. Another psychology behind buying cheap cost pro-
ducts is to show off the possession of products in front of
the green eyed monsters around them. One more aspect
that makes people buy cheap cost products without bot-
hering themselves with the quality is to experience variety
from time to time. The other thinking pattern of people
is that the price of the products are purely based on the
brand name it is associated with most of the time. All these
theories act as the logic behind ways of thinking that make
people compromise on the quality of products.
If the low cost means bad quality
Before taking the decision to buy a cheap cost product, just
think if the low cost means bad quality or superior value. Va-
lueandqualityarealwaysproportionatetoeachother.Wedo
not get anything in this world without sacrificing some other
thing. We cannot get anything we want in this world, without
letting go off something else. This is applicable for cost and
qualityof the products too. Ifyouwant to go in for a good qu-
ality product probably you may have to compromise of the
cost. This will certainly be worth the buy. However, if you are
cost conscious and want to stick to a budget, then you are
automatically compromising on the quality many a times.
While the final decision whether to compromise on cost or
qualityis purelyyours, remember, just because something is
cheap doesn’t mean it’s worth the cost.

36. 36
you know the difference between
GOOD AND BAD ADVICE
FINANCIAL EDUCATION TELLS
YOU HOW YOU CAN USE THE
TAXATION POLICIES IN YOUR
FAVOR AND HOW TO AVOID THE
BAD DEBT AND USE GOOD DEBT
TO YOUR FINANCIAL ADVANTAGE.
Money
MadAbout
Financial education helps

37. 37
W
e have to
make so many
decisions thro-
ughout the life regarding
finances and so being
literate in this particular ni-
che is the only weapon in
your arsenal to make sure
you end-up taking sound
decision. Not just that, it’s
the only way to discern
whether or not someone
is giving sound advice or
simply trying to scam you.
Take a look at the benefits
of being financial literacy
education
You know the
difference
between asset
and liability
You may think you already
know the difference, but
believe it, most people
don’t. For example, it’s
common to think that your
house is an asset when in
fact it’s not. Here’s why –
it’s not helping you earn
any money. If anything, it’s
only draining you off of it.
Taxes, mortgages, what
not! You have to pay these
things. A rental property
on the other hand is
putting money in pocket.
So, there you have a true
asset. Financial knowled-
ge and literacy helps you
understand such differen-
ce. With that knowledge,
you know whether you’re
being offered sound finan-
cial advice and whether or
not you actually stand to
make anything out of it.
You know the
difference
between good
debt vs. bad
debt
Not all debt is bad. Most
financial advisors are seen
advising people to avoid
the debt. But, they won’t
tell you to avoid the bad
one. And, it’s easy to start
to blindly follow any advi-
ce if you don’t understand
such nitty-gritties.
Examples of bad debt wo-
uld be going on vacations
or buying luxury items
using credit cards. But,
using bank’s money to buy
a rental property is actu-
ally the good kind of debt.
You are not using your
money to invest in the
property and the rent you
will receive each month
will easily make up for the
debt. The same goes with
taxation. Smart investors
who are well-educated
financially know that go-
vernment offers relaxation
on various investments.
For example, anything
related to oil explorati-
on, affordable housing,
etc. are the areas where
government cuts back
on taxation. Financial
education tells you how
you can use the taxation
policies in your favor and
how to avoid the bad debt
and use good debt to your
financial advantage.
It enables you
to make your
own financial
decisions
There’s no such thing as
a tough or easy questi-
on. Either you know the
answer or you don’t. When
you know the answer,
question seems easy and
if you don’t, it’s challen-
ging. The same goes for
making financial decisions.
If you know what hand
you’re being dealt with,
you make good decision.
Otherwise, you rely on
outside help for making
financial decision. And as
long as you rely on some-
body else, you can never
be fully sure of whether
you’re being offered good
advice or bad.
Therefore, do make it a
point to stay abreast with
the latest goings on of
the financial market and
keep reading finance rela-
ted stuff to increase your
knowledgebase.
WHETHER WE
WOULD LIKE
TO ADMIT IT OR
NOT, BUTA HUGE
CHUNK OF OUR
LIFE REVOLVES
AROUND EARNING
AND MANAGING
FINANCES. SO, IT
GOES WITHOUT
SAYING THAT
FINANCIAL LITERACY
IS SOMETHING THAT
WE SHOULD NOT
TAKE LIGHTLY.
Money
MadAbout

38. 38
Money
MadAbout
PAYING OFF DEBT IS ABOUT
MOMENTUM, NOT MATH!

39. T
he thing about
getting out of
financially challen-
ging situations is that you
hear all kinds of advice.
So much so, that after a
point you begin to lose
the sense of what’s right
and what’s not. You rely
on professional help. You
listen to what experts
have to say. You sudden-
ly decide to become a
mathematician crunching
numbers and calculating
interest rates trying to
make your way out of it.
But, Dave Ramsey - the
famous American busine-
ssperson and motivatio-
nal speaker who helped
countless people come
out of debt successfully
says that - you don’t have
to be a math expert or a
financial guru to have a
plan to get out of debt.
According to him, people
should pay off their debts
from smallest to largest.
It’s not really so much
about mathematics, as
it’s about building the
momentum.
Let’s understand what he
actually means by that,
shall we?
THE HUMAN
PSYCHOLOGY
According to Dave, the
ability to pay off debt
successfully has many
psychological implicati-
ons. One of these impli-
cations is experiencing
those ‘yes, I was able to
do it’ moments. You enjoy
that moment when you
are able to successfully
check an item off the list.
For example, say you
owe money to ten people
and make a list of it. Ac-
cordingly to this rule, you
begin by paying off the
person you owe the least
amount of money.
Just the act of knowing
that you have one less
person to deal with is
enough to make you feel
as if a huge baggage
has been lifted off your
shoulder.
THE BENEFIT
OF BUILDING
MOMENTUM
SLOWLY
If you start off by the big-
gest item on your list, the-
re’s a high likelihood that
soon you will start feeling
discouraged and may gi-
ve-up midway. We human
want instant results. And
not being able to pay off a
huge loan for long could
easily make you frustra-
ted. Before you know, you
succumb to debt fatigue.
But, when you start by the
easiest item on the list,
you start building the mo-
mentum slowly but surely.
The step by step success
makes you feel more con-
fident that you are headed
the right direction, and
that what you’re trying to
achieve is not impossible.
You feel confident that will
get there.
39
Money
MadAbout
ACTIVATES THEIR
MIND’S REWARD
MECHANISM
What Dave meant when
he said that it’s not about
math, but about momen-
tum - was that the art of
paying off debt is less
about the math being in
favor of helping you pay
off the highest interest
rates first. People just want
to feel like they have been
able to pay off a loan and
have only few more to go.
For them, the psychologi-
cal implications associa-
ted with list getting shorter
and shorter activates their
mind’s reward mechanism
by releasing dopamine.
Starting off with the
smallest loans and
gradually moving
towards bigger items
reduces the likelihood
of debt fatigue happe-
ning. So, that should
pretty much explains
how you can exploit
human psychology in
the favor of bidding
your loans goodbye.
SO, YOU HAVE SPENT MORE THAN YOU EARNED AND NOWYOU’RE
FINDING YOURSELF BURIED UNDER A MOUNTAIN OF DEBT. THAT’S OKAY!
WE’VE ALL MADE MISTAKES. NO JUDGMENT! HAVING A LOT OF DEBT IS
THE PROBLEM. NOW LET’S TALK ABOUT THE SOLUTION.

40. MadAbout
Money