Finance for Non Finance

by Vishal Thakkar

We all know money and finance. We have learnt it over our journey called life with "transactions" becoming "learning experiences" of life. When it comes to money, there is no better way of learning rather than doing it yourself. But, at times, we miss the lessons provided by life and we tend to repeat our mistakes. Whether you like reading or not, this book will help you to pause, do a reality check and continue again in your wealth creation journey of life. It will help you reflect on the mistakes, we generally make, in our day to day lives with regards to money. The entire wealth cycle of earning, saving, investing and enjoying wealth is covered in a very simple, day to day language in the book. Practical examples, dialogues with real people and experiences from shopping malls to movie theaters and cabs to airports are covered to put across a point. If you were to summarize this book in one line, it would be a "super self help guide to eliminating financial challenges in life". Go ahead and have a happy reading experience. Finance for 01 The About the Book 02 About the Author... 03 Preface 04 A Non Finance Person's Perspective 05 Step 1: Knowing Your Finances - What do I need to know as a non-finance person?.. 06 Step 2: Savings - Do they really create wealth in today's times? 07 Step 3: Borrowings - How to raise money when needed? 08 Step 4: Investments - Trees where money will grow 09 Step 5: Fundamentals of Financial Statements 10 Step 6: Income & Expense Statement 11 Step 7: What are Assets? 12 Step 8: What are Liabilities? 13 Step 9: What are Ratios and how do they help track Wealth Creation? 14 Step 10: What are Cash Flows & why they are most critical in Wealth Creation? 15 Practical Exercises 16 Practical Exercise Solutions 17 Keys to Self Assessment Questions 18 Glossary of Select Financial Terms

Genres: Finance

282 pages, Kindle Edition

First published July 22, 2015

Reviews

[varsha · Rating 5 out of 5]

Must read for anybody starting their career or taking a step to control their finances

This must be made part of professional degrees. Concepts explained in simple and effective way. To digest the contents of this book, need to study it and not read it.

[Joseph Solomon · Rating 4 out of 5]

A must read book for those who are making baby steps into the world of finance and investing. First few chapters relatively easier to comprehend and gradually gets harder as we progress. The language used is simple. The book will help you cover the fundamentals in investing.

[Aravind Jagannathan · Rating 3 out of 5]

A go-to dictionary for people who are about to start their course work in finance. This book covers the basic concepts in a decent way. While the personal finance part in this book was an eye opener, company finance didn't interest me much.

[Arun Thayalan · Rating 5 out of 5]

Basic book for non-commerce / non-finance people to know about finance

[Pankaj Patil · Rating 5 out of 5]

I recommend this book to everyone who does not studied Finance and want to understand it.

Author explained each topic covered in this book in two ways - Industrial and Individual.
Book has explained finance for individual as investment,saving,income and industrial way in its Profit, Loss and Taxes. There are also to do tasks at the end of each chapters.
There is a lot more in this book which is very helpful while doing trading,investment and saving.

[Vamsi Krishna · Rating 3 out of 5]

Having had some basic knowledge about finance, I didn't find this book helpful. I'm not sure if it would help beginners though.

Overall it is a good book since it covered many important topics and tried to keep it as simple as possible.

[Aziz Khambati · Rating 3 out of 5]

A good book for beginners.
Its not filled with stories like Rich Dad Poor Dad. Actually has some content.
Sometimes examples are pointless and seem like have been added to increase the number of words.