Peaceful Personal Finance: A Short Read on the Basics of Personal Finance

by Hema Singh

Take Control of Your Finances for a Financially Peaceful Life.
Updated with a Case Study, Retirement Corpus & Monthly Investment Amount (SIPs) Reference Sheet.
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Personal finance is an integral part of life, still, very little understood. Most people know only bits and pieces of personal finance. This information is not sufficient, but when organised becomes knowledge. This book tries to enlighten the most important concepts in personal finance, i.e. developing a framework. Learning personal finance is easy and a life-long process. Follow a few simple steps to achieve financial security.

This little guide aims to provide a framework for peaceful investing for your life goals. The concepts presented in this book will help you in achieving financial freedom/independence. It is not necessary to earn a high income to become rich but to develop a framework and follow it religiously.

This book teaches you :

◘ How to differentiate between necessity and desire

◘ How to choose term & health Insurance

◘ The difference between good and bad debts

◘. How salary is different from disposable income

◘. About various financial mistakes

◘ To focus on things that matters in the long run

◘ Whether buying a second apartment is a good or bad investment

◘ The priority of different things in life

◘ About the treatment of money when received as a gift & cash versus credit cards

◘ How a small difference in the annual rate of return on your investment can cause a
big dent in your retirement corpus.

Genres: Personal Finance

73 pages, Kindle Edition

First published August 3, 2020

About the author

I like reading books, cooking food & also run beauty make-up parlour.

Reviews

[Lekhram · Rating 5 out of 5]

Definitely recommended for beginners

I've been doing most of things mentioned still i got to learn few new tricks to invest money.
Example and tables gives you better prospective.

[Brijesh Kushwaha]

Awesome read

If you don't want to know everything about personal finance and don't have time to read so many other books then this book is for you.

[Kranthi · Rating 5 out of 5]

Good

Good clean and clear in just 40 pages every one should read it in the beginning of their carear tq

[Sandeep · Rating 5 out of 5]

Short and concise.
This is one book to read for someone who doesn't have any organised thought about what to do first.
This is a basic book.
Topics I liked:
Survivorship bias and its importance in life, very well explained
which rule to use as per your financial situation: 50/40/10 or 50/30/20
It tells why index investing is the most hassle free way of investing.

Best part is that the book is concise and yet sufficient to develop a framework.


Merged review:

Nice book

Short and crisp book. Good for learning the basics of personal finance. Very useful to people new to job.
Just an hour read.

[Skartha · Rating 4 out of 5]

Short book with some no nonsense advice

Short book with some no nonsense advice like focus on career and a 20 % hike, on the sidelines stay invested building the corpus. Stick to minimalist life, earn first then spend, 3 month go on a freeze on spending and build the emergency fund. Very basic stuff but good. Would have given 5 star if author focussed multiple chapters on how to reduce capital gain tax, while selling land, mutual funds, fd's

[Rohit · Rating 5 out of 5]

This book is especially good for beginners or someone new to job. It tells basic things one should perform to make their long term goals robust. It also tells what steps should be followed first.
It tells how we treat money differently based on source of income, or where we intend to use.

Overall nice short book.

[Sonam · Rating 1 out of 5]

I don't know how you could read a book without author details and experiences.

If you are going or planning to invite your money according to someone suggestion you can't trust on a beginner who don't have any experience in finance industry.

My suggestion is don't waste your time to read those book which is based on just copy & paste

[Neeharika · Rating 4 out of 5]

Short but deep in essence!

The short read is a real and practical guide to action. All aspects are covered in lucid style. Puts things in perspective and lists wisdom gems in to easy to read and remember bullet points without sacrificing the essence. All young people should read this while starting their work and financial journey.

[Sakshi Bairagi]

Must read - covered everything about personal finance

Author used simple language to explain difficult terms.
Book will really help beginners as well as the ones who are confused with different investment options to take wise Financial decisions.

[Pranjal Tripathi · Rating 5 out of 5]

Nice book....!!!!
It covers all the important part for personal finance in concise and accurate bulleted points. 1 hour well spent. Keep writing.

[Chetanya Puri · Rating 5 out of 5]

Easily read in under an hour, the book is a concise starter for people beginning financial independence.

[Vishal Shah · Rating 3 out of 5]

Good for beginners

A simple and straightforward book introducing the basic concepts of finance which is good for beginners and to refresh your memory.

[Sathsh · Rating 5 out of 5]

Simple useful tips for beginners.. enjoyed and learned.

[Rajesh · Rating 5 out of 5]

Good book for beginners. Easily readable in under 90 minutes.

[Vishal · Rating 3 out of 5]

A simple and straightforward book introducing the basic concepts of finance which is good for beginners and to refresh your memory.