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SimplyMutual : The 1% Formula To Gain Financial Freedom
Discover the power of your own money, with SimplyMutual: The 1% formula to gain your financial freedom
Why do you earn money? Is it just to add to those numbers in your bank? NO!
Money should be able to help you live the life you desire. But most people never build enough wealth to gain financial freedom.
Don’t let that happen to you!
In this book, investment veteran Deepak Mullick reveals his simple yet effective formula to make your money work for you!
Want to escape the rat race, travel the world, or retire in your 40s with comfortable assets under your belt? SimplyMutual is your key to unlocking the 1% formula and gain your financial freedom.
With SimplyMutual you can learn how to:
● Retire in your 40s with a sizable corpus that provides you with a salary–pension that supports your lifestyle
● Free yourself from financial anxiety, fear, and corporate slavery to live the life you always wanted, now, and in the future
● Cultivate wealth-building as second nature, embedding it into the very core of your psyche
● Make financial decisions based on facts, not emotions
● Make the most of the India opportunity and invest in equity for long term gains while beating volatility
Deepak takes you on a well-researched journey that demystifies equity investing with examples across everyday life. SimplyMutual has everything you need to know about building wealth through equity investing. A must-read for everyone!
Why do you earn money? Is it just to add to those numbers in your bank? NO!
Money should be able to help you live the life you desire. But most people never build enough wealth to gain financial freedom.
Don’t let that happen to you!
In this book, investment veteran Deepak Mullick reveals his simple yet effective formula to make your money work for you!
Want to escape the rat race, travel the world, or retire in your 40s with comfortable assets under your belt? SimplyMutual is your key to unlocking the 1% formula and gain your financial freedom.
With SimplyMutual you can learn how to:
● Retire in your 40s with a sizable corpus that provides you with a salary–pension that supports your lifestyle
● Free yourself from financial anxiety, fear, and corporate slavery to live the life you always wanted, now, and in the future
● Cultivate wealth-building as second nature, embedding it into the very core of your psyche
● Make financial decisions based on facts, not emotions
● Make the most of the India opportunity and invest in equity for long term gains while beating volatility
Deepak takes you on a well-researched journey that demystifies equity investing with examples across everyday life. SimplyMutual has everything you need to know about building wealth through equity investing. A must-read for everyone!
191 pages, Kindle Edition
Published August 19, 2021
About the author
Deepak Mullick
4 booksI have spent over a quarter of a century in the investments industry, working with the country’s largest wealth creators. My last assignment was a 15-year stint at HDFC Mutual Fund. I was their Business Head for North, South, and East India during different parts of my tenure. Having dealt with a large spectrum of investment avenues, I realised that Equity Mutual Funds is where the best balance can be achieved. This belief in the India growth story and its potential to create wealth for decades to come stems from deep experience.
I've spent decades in the financial sector witnessing the fast evolution of each constituent of the investments industry — mutual funds, banking, insurance, investment advisors, NBFCs, the regulators, etc. I've also associated with the country’s top minds in financial and investment planning, attended numerous workshops and conferences, and dived deep into the intricacies of the business.
To come up with the best solutions for investor needs, I constantly drew comparisons between the most popular asset classes, such as equity, debt, real estate, fixed deposits, and gold, and other new asset classes like foreign equity, cryptocurrency, and art. I weighed each option with an exhaustive list of factors such as liquidity, volatility, regulatory environment, transparency, cost of investing, cost of holding and maintenance, convenience, and returns adjusted for risks, taxes, and inflation. This analysis has cemented my belief in the importance of Equity Mutual Funds for individual investors and has given me the foundation to create SimplyMutual: The 1% formula to gain financial freedom.
I've spent decades in the financial sector witnessing the fast evolution of each constituent of the investments industry — mutual funds, banking, insurance, investment advisors, NBFCs, the regulators, etc. I've also associated with the country’s top minds in financial and investment planning, attended numerous workshops and conferences, and dived deep into the intricacies of the business.
To come up with the best solutions for investor needs, I constantly drew comparisons between the most popular asset classes, such as equity, debt, real estate, fixed deposits, and gold, and other new asset classes like foreign equity, cryptocurrency, and art. I weighed each option with an exhaustive list of factors such as liquidity, volatility, regulatory environment, transparency, cost of investing, cost of holding and maintenance, convenience, and returns adjusted for risks, taxes, and inflation. This analysis has cemented my belief in the importance of Equity Mutual Funds for individual investors and has given me the foundation to create SimplyMutual: The 1% formula to gain financial freedom.
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Displaying 1 - 30 of 39 reviews
August 25, 2021
Simply Mutual : The 1% Formula by Deepak Mullick is a financial book on how to gain financial freedom at a young age. The book is purely based on equity investment goals.
This book came to me at the perfect timing. Coming from a pure non financial background, I always thought who would handle my finances and I was genuinely thinking of starting with my own smaller investments.
The book is for long term investment purposes only. The formulas shared won't be working for short term gain or benefits. I liked how author has used Maslow's hierarchy to start the book. The book has relevant statistics to back-up the theory.
The book has used various illustrations time to time to explain us and give a better understanding of the topic. If you think financial books are not your cup of tea, start with this one. It's interesting to read, easy to understand and beneficial at the same time.
Every chapter at the end has key takeaways for readers to read and apply to their financial scheme. I have always been procrastinating my financial investments, but as the author says, do it now and now is the time. The book definitely ends on a good note with success stories.
This book came to me at the perfect timing. Coming from a pure non financial background, I always thought who would handle my finances and I was genuinely thinking of starting with my own smaller investments.
The book is for long term investment purposes only. The formulas shared won't be working for short term gain or benefits. I liked how author has used Maslow's hierarchy to start the book. The book has relevant statistics to back-up the theory.
The book has used various illustrations time to time to explain us and give a better understanding of the topic. If you think financial books are not your cup of tea, start with this one. It's interesting to read, easy to understand and beneficial at the same time.
Every chapter at the end has key takeaways for readers to read and apply to their financial scheme. I have always been procrastinating my financial investments, but as the author says, do it now and now is the time. The book definitely ends on a good note with success stories.
September 20, 2021
SimplyMutual: The 1% Formula by investment veteran Deepak Mullick is a beginner-friendly guide on demystifying equity investing. We make money not to store in banks 'safely' but to make it work for us in the long run. That's exactly what Mullick teaches us in this book. Comprising bits of meticulous research and years of experience, this book teaches about wealth building in a practical manner.
I have been fascinated by investing. However, I have been sceptical because of how our traditional ways of money management are propagated at our houses. But I believe SimplyMutual has been a good starting point for me to get over my inhibitions and educate myself on investing judiciously.
Lucidly written and wonderfully presented, the book offers some concrete advice on wealth building and management. The 1% formula discussed in the book has three stages:
1. Build a corpus
2. Wait for it to stabilize for three years
3. Withdraw 1% from the corpus each month and enjoy financial freedom.
Mullick argues that if one follows this formula religiously, they would be able to provide themselves with financial freedom and early retirement. He also shares that investing takes into account the big picture. It requires discipline and resilience, something that could be built over time. Through examples and illustrations, Mullick attempts to put forth the right perspective on share markets, understand emotional hurdles and mistakes on the way to financial freedom, and gain insights on how to benefit from the markets.
There could be a few terms one might not understand in a go, there could be concepts difficult to understand, and there could be theories that might not sound convincing. However, it would be best to give it a shot and see it as a starting point to develop openness towards investing. SimplyMutual is informative, educative, and accessible in its approach for all.
I have been fascinated by investing. However, I have been sceptical because of how our traditional ways of money management are propagated at our houses. But I believe SimplyMutual has been a good starting point for me to get over my inhibitions and educate myself on investing judiciously.
Lucidly written and wonderfully presented, the book offers some concrete advice on wealth building and management. The 1% formula discussed in the book has three stages:
1. Build a corpus
2. Wait for it to stabilize for three years
3. Withdraw 1% from the corpus each month and enjoy financial freedom.
Mullick argues that if one follows this formula religiously, they would be able to provide themselves with financial freedom and early retirement. He also shares that investing takes into account the big picture. It requires discipline and resilience, something that could be built over time. Through examples and illustrations, Mullick attempts to put forth the right perspective on share markets, understand emotional hurdles and mistakes on the way to financial freedom, and gain insights on how to benefit from the markets.
There could be a few terms one might not understand in a go, there could be concepts difficult to understand, and there could be theories that might not sound convincing. However, it would be best to give it a shot and see it as a starting point to develop openness towards investing. SimplyMutual is informative, educative, and accessible in its approach for all.
August 30, 2021
Investment is like a water in the river. It will continue to flow as long as there will be no blockage on its way. It can become big or become smaller but it always depend on what canal or tunnel it passes through. Or maybe it might goes to the sea or ocean perhaps.
SimplyMutual was an informative, interesting and ultimately extremely valuable book for anyone interested in building wealth for retirement by investing in mutual funds. In this straightforward book, explained with easy-to-understand examples, investment veteran Deepak Mullick provides a solid framework for investors to begin to answer some of the questions that always comes to our mind while thinking of investing our money.
Instead of immediately offering advice on how to invest, Deepak Mullick takes a step back and makes sure you understand market theory, the history of the markets, the role of psychology in choosing investments, and the very real impact of expenses and the media's influence.
The book contains statistics, tables, graphs, analogies, examples, and theory in a decently proportioned mix; my eyes never glazed over because of too many numbers. All this background information ensures that your investment decisions will be based on a wealth of data, rather than blindly following anyone's recommendations.
In my view, market timing and rapid turnover—both by and for mutual fund investors—betray both a lack of understanding of the economics of investing and an infatuation with the process of investing. No matter what fund style you seek, you should emphasize low-cost funds and eschew high-cost funds. And, for the best bet of all, you should consider indexing in whichever style category you want to include.
There are a few elements to this book that help make it even better. The author gives some very practical and very granular advice concerning investment. Every chapter helps the reader understand different aspects of investing that are worth paying attention to. The author includes many charts and some attempts to change the way people think about risk and the connection between a given mutual fund and an index that would help an investor know certain key aspects about the funds they might invest in.
A recommended read in the areas of investing and leadership. I highly recommend this book to anyone beginning to think about investing.
SimplyMutual was an informative, interesting and ultimately extremely valuable book for anyone interested in building wealth for retirement by investing in mutual funds. In this straightforward book, explained with easy-to-understand examples, investment veteran Deepak Mullick provides a solid framework for investors to begin to answer some of the questions that always comes to our mind while thinking of investing our money.
Instead of immediately offering advice on how to invest, Deepak Mullick takes a step back and makes sure you understand market theory, the history of the markets, the role of psychology in choosing investments, and the very real impact of expenses and the media's influence.
The book contains statistics, tables, graphs, analogies, examples, and theory in a decently proportioned mix; my eyes never glazed over because of too many numbers. All this background information ensures that your investment decisions will be based on a wealth of data, rather than blindly following anyone's recommendations.
In my view, market timing and rapid turnover—both by and for mutual fund investors—betray both a lack of understanding of the economics of investing and an infatuation with the process of investing. No matter what fund style you seek, you should emphasize low-cost funds and eschew high-cost funds. And, for the best bet of all, you should consider indexing in whichever style category you want to include.
There are a few elements to this book that help make it even better. The author gives some very practical and very granular advice concerning investment. Every chapter helps the reader understand different aspects of investing that are worth paying attention to. The author includes many charts and some attempts to change the way people think about risk and the connection between a given mutual fund and an index that would help an investor know certain key aspects about the funds they might invest in.
A recommended read in the areas of investing and leadership. I highly recommend this book to anyone beginning to think about investing.
September 28, 2021
SIMPLYMUTUAL : The 1% Formula
By Deepak Mullick @simply_mutual
This is about everything that one needs to know about building wealth through equity investing.
If you are into your youth and still donot know how to become financially more strong and gain financial freedom by an age, this is a book to start from that will benefit you immensely.
I personally found this book very insightful as it is backed by facts, information, years of references, simple yet mindful illustrations, tables and charts based on market research data and authors own advice.
Many of us who are still novice and ignorant about this arena of economy for them these topics may come out to be heavy and confusing and can scare us letting us never enter into it and take mindful desicions. But if one wants good stability in their finance, equity and MFs prove to be essential to invest in and useful in long run as well.
First of all author explains how he gained financial freedom at 45. Later he explains one doesnot need to be finance expert to get success. Later he takes us through what is his 1% formula. One by one he guides us about investing in equity through mutual funds. If one reads this book they can get better understanding of the India opportunity and how long it will remain, get right perspective on share market, understand emotional hurdles and mistakes on the way and gain insights on how to benefit and learn simple techniques to build wealth and create their own salary pension stream for retirement.
I recommend it to all for very practical knowledge has been provided.
By Deepak Mullick @simply_mutual
This is about everything that one needs to know about building wealth through equity investing.
If you are into your youth and still donot know how to become financially more strong and gain financial freedom by an age, this is a book to start from that will benefit you immensely.
I personally found this book very insightful as it is backed by facts, information, years of references, simple yet mindful illustrations, tables and charts based on market research data and authors own advice.
Many of us who are still novice and ignorant about this arena of economy for them these topics may come out to be heavy and confusing and can scare us letting us never enter into it and take mindful desicions. But if one wants good stability in their finance, equity and MFs prove to be essential to invest in and useful in long run as well.
First of all author explains how he gained financial freedom at 45. Later he explains one doesnot need to be finance expert to get success. Later he takes us through what is his 1% formula. One by one he guides us about investing in equity through mutual funds. If one reads this book they can get better understanding of the India opportunity and how long it will remain, get right perspective on share market, understand emotional hurdles and mistakes on the way and gain insights on how to benefit and learn simple techniques to build wealth and create their own salary pension stream for retirement.
I recommend it to all for very practical knowledge has been provided.
August 24, 2021
Whenever the subject of mutual fund investment comes into the picture, our minds are so attuned to the risk factors associated with it that we always try to steer away from it and put our faith into the age-old safe options. However, if you are ready to take that leap of faith and want to achieve financial freedom by the age of 45, then this book is going to come in handy for you.
“The 1% Formula” is a step-by-step guide to fund management and investments in the field of equity and mutual funds that is inclined towards helping you in generating substantial corpus but also help you get financial freedom in future.
The standing out point of this book for me was the author’s approach to the process from the very basic level and the several points of comparisons made between the different options available. There are data and information added throughout the book for reference and a lot of case studies are discussed as well.
The main motive of this book is to help you break out of your insecurity bubble associated with investments and help you utilize the same to your advantage. For someone like me who has just started my work life, this book came surprisingly with a lot of points to ponder upon and check out.
If you are someone who wants to take that first step towards financial freedom for your future, then you will get a lot of help from this book.
“The 1% Formula” is a step-by-step guide to fund management and investments in the field of equity and mutual funds that is inclined towards helping you in generating substantial corpus but also help you get financial freedom in future.
The standing out point of this book for me was the author’s approach to the process from the very basic level and the several points of comparisons made between the different options available. There are data and information added throughout the book for reference and a lot of case studies are discussed as well.
The main motive of this book is to help you break out of your insecurity bubble associated with investments and help you utilize the same to your advantage. For someone like me who has just started my work life, this book came surprisingly with a lot of points to ponder upon and check out.
If you are someone who wants to take that first step towards financial freedom for your future, then you will get a lot of help from this book.
August 25, 2021
This book is about investing in equity through mutual funds.
Equity Investing may sound like a complex entity for those viewing it from the outside, but once you understand the rules it functions by, there is a real chance of making your money grow. ‘Simply Mutual’ by Deepak Mullick is just the right book to start your learning curve.
Knowledge about equity will not only make your investment journey smoother but will make you financially stronger.
“Equity investing is a long-term game of patience like watching the paint dry and should not be treated like gambling. It requires careful market analysis, an understanding of how the markets work, and the strength to stay invested in periods of volatility.” - Deepak Mullick
Key Takeaways from this book:
💵 To make money, your mindset and your ability to separate emotions from ups and downs if market is more important than a degree in finance.
💵 Maybe the worst time to invest is when everyone is optimistic about the market!
💵 It is important to set a financial goal and take a disciplined approach to achieve them.
💵 If you do not invest in equities, you lose out on a great opportunity for financial freedom.
💵 Rupee Cost Averaging is your friend. Invest in SIPs in Equity Mutual Funds.
💵 Set up Systematic Withdrawal Plans (SWPs) to help maximize gains from your investments.
What I learned from this book:
💰 Principles that govern share markets
💰The Role of the investment professional in your journey to financial freedom
💰Different Fund Types
This book focuses on financial resilience. The author has used a lot of statistical data and graphs to explain his points. The writing is crisp and articulate. I liked Author’s optimism toward the growth of Indian Economy.
I would recommend this book to everyone who is interested in financial freedom via a long term financial planning approach.
Equity Investing may sound like a complex entity for those viewing it from the outside, but once you understand the rules it functions by, there is a real chance of making your money grow. ‘Simply Mutual’ by Deepak Mullick is just the right book to start your learning curve.
Knowledge about equity will not only make your investment journey smoother but will make you financially stronger.
“Equity investing is a long-term game of patience like watching the paint dry and should not be treated like gambling. It requires careful market analysis, an understanding of how the markets work, and the strength to stay invested in periods of volatility.” - Deepak Mullick
Key Takeaways from this book:
💵 To make money, your mindset and your ability to separate emotions from ups and downs if market is more important than a degree in finance.
💵 Maybe the worst time to invest is when everyone is optimistic about the market!
💵 It is important to set a financial goal and take a disciplined approach to achieve them.
💵 If you do not invest in equities, you lose out on a great opportunity for financial freedom.
💵 Rupee Cost Averaging is your friend. Invest in SIPs in Equity Mutual Funds.
💵 Set up Systematic Withdrawal Plans (SWPs) to help maximize gains from your investments.
What I learned from this book:
💰 Principles that govern share markets
💰The Role of the investment professional in your journey to financial freedom
💰Different Fund Types
This book focuses on financial resilience. The author has used a lot of statistical data and graphs to explain his points. The writing is crisp and articulate. I liked Author’s optimism toward the growth of Indian Economy.
I would recommend this book to everyone who is interested in financial freedom via a long term financial planning approach.
August 26, 2021
Simplymutual by Deepak Mullick
If you want to know how to gain financial freedom at the age of 45 then this one's for you.
What do you understand by the term "Financial Freedom" ?
It is a monetary status that lets you free from doing a job to earn your living or need an active income source to cover your living expenses.
The author talks about the Maslow's Hierarchy of Needs which comprises of
Basic needs
Psychological needs
And
Self fulfilment needs.
He says that most people end up spending their entire life on the first two stages. To be able to climb up the ladder and be fulfilled by the age of 45 , what is it that you should be doing differently?
It's investing in Mutual Funds.
Now, I come from a science background and have never even wanted to learn about mutual funds or even investments in general. The age old conventional methods like a savings account has been my go to for as long as I can remember. It was only after reading this book that I had an idea about the entire system of mutual funds and honestly, I'm kind of drawn to it.
I'd like to clarify one thing, this book has not been written in a forcefully convincing manner but it does put forward some decent points in favour of mutual funds.
It has been written in a very easy language and in a way that an amateur like me could also understand A-Z of the book.
I'll definitely recommend this one for everyone! Start planning now so you don't regret after.
Also, don't forget
"Mutual Fund investments are subject to market risks, read all scheme related documents carefully. "
If you want to know how to gain financial freedom at the age of 45 then this one's for you.
What do you understand by the term "Financial Freedom" ?
It is a monetary status that lets you free from doing a job to earn your living or need an active income source to cover your living expenses.
The author talks about the Maslow's Hierarchy of Needs which comprises of
Basic needs
Psychological needs
And
Self fulfilment needs.
He says that most people end up spending their entire life on the first two stages. To be able to climb up the ladder and be fulfilled by the age of 45 , what is it that you should be doing differently?
It's investing in Mutual Funds.
Now, I come from a science background and have never even wanted to learn about mutual funds or even investments in general. The age old conventional methods like a savings account has been my go to for as long as I can remember. It was only after reading this book that I had an idea about the entire system of mutual funds and honestly, I'm kind of drawn to it.
I'd like to clarify one thing, this book has not been written in a forcefully convincing manner but it does put forward some decent points in favour of mutual funds.
It has been written in a very easy language and in a way that an amateur like me could also understand A-Z of the book.
I'll definitely recommend this one for everyone! Start planning now so you don't regret after.
Also, don't forget
"Mutual Fund investments are subject to market risks, read all scheme related documents carefully. "
August 27, 2021
When it comes to money matters, we always tend to think of short-term benefits rather than the long-term ones. Also, when it comes to mutual funds, we lean more towards the risk factors associated with them and prefer going for the good old fixed and safe deposits. But everything in life demands a leap of faith and so does financial freedom, especially if you are planning to retire in your 40s!
This book deals with equity investments through mutual funds. It helps you understand the India opportunity and the duration for which it will remain. It stresses on maintaining the proper perspective when it comes to share markets by understanding the emotional hurdles and mistakes on the way to financial freedom. It will teach you a simple equity based technique to build wealth and to create your own 'salary-pension' stream for retirement.
Knowing next to nothing about finance, this book was an educational experience for me. The simple language and examples helped me get familiar with various financial terms and their significance. This book will hold your hands and guide you step-by-step in the process of fund management.
This book will help clear all your misconceptions and misinterpretations related to mutual funds and share markets. If you think in the long-term, this book is for you!
This book deals with equity investments through mutual funds. It helps you understand the India opportunity and the duration for which it will remain. It stresses on maintaining the proper perspective when it comes to share markets by understanding the emotional hurdles and mistakes on the way to financial freedom. It will teach you a simple equity based technique to build wealth and to create your own 'salary-pension' stream for retirement.
Knowing next to nothing about finance, this book was an educational experience for me. The simple language and examples helped me get familiar with various financial terms and their significance. This book will hold your hands and guide you step-by-step in the process of fund management.
This book will help clear all your misconceptions and misinterpretations related to mutual funds and share markets. If you think in the long-term, this book is for you!
August 30, 2021
SimplyMutual : The 1% Formula To Gain Financial Freedom by Deepak Mullick is a new release in the Indian Finance genre.
I generally don't read finance-related or investing advice books, but the title of this one was very catchy and intriguing therefore I was more than happy to give it a read. And I am very happy that I did as this book had a lot of wisdom to impart and a lot of good suggestions for people of all ages to learn about investing. The best part, for me, about this book is that it is written in a very easy-to-understand-by-a-layman language and the author has simplified concepts, which I am sure, are not that easy to grasp otherwise.
I would definitely recommend this book to everyone who'd like to know about investing and the author's 1% formula.
You can also read this review on thereadingbud.com
I generally don't read finance-related or investing advice books, but the title of this one was very catchy and intriguing therefore I was more than happy to give it a read. And I am very happy that I did as this book had a lot of wisdom to impart and a lot of good suggestions for people of all ages to learn about investing. The best part, for me, about this book is that it is written in a very easy-to-understand-by-a-layman language and the author has simplified concepts, which I am sure, are not that easy to grasp otherwise.
I would definitely recommend this book to everyone who'd like to know about investing and the author's 1% formula.
You can also read this review on thereadingbud.com
October 2, 2021
If you are someone with no knowledge about finance then SimplyMutual is the perfect book for you to make you aware of all key points about savings and investments.
We all know that in the current scenario, the stock market and investments are the talks of the town. Everyone today wants financial stability along with financial growth. But with so many people advising, it is quite difficult to understand what should and shouldn’t be done.
SimplyMutual book by Deepak Mullick is the perfect solution to this problem as it will give you the best investment strategies with minimal risk.
When I began reading the book I had almost no knowledge about the concept of the stock market let alone investing in it, which was why I was quite adamant while choosing this book. But just a few pages into it, I was hooked by its simple yet quite convincing real-life examples.
Author Deepak Mullick begins by giving you information about how the most successful people are either business owners or people who own shares of successful businesses. It makes us realize that investing can help our own parts of businesses without actually going through the responsibilities of creating and managing a business.
After this, the author slowly relates one thing to another telling us about the Sensex curve, India’s growing economic status, and how investing in mutual funds should begin by the age of 30 for the maximum financial gain.
Along with all the money managing schemes and the numerous ways to grow financially, the ‘SimplyMutual: The 1% Formula’ book also prepares us mentally sharing with us the “Four Principles That Govern Share Market”.
The book engraves these principles in our minds by repeating them continuously and explaining them through real-life situations. Also, the key takeaways and reflections at the end of each chapter ensure that you remember all the important points without missing out on anything.
Each chapter ends with a few questions that help you gain clarity on your long terms goals and thinking. Throughout the book, the author has maintained a perfect balance between facts, ideas, and statistics which keeps you totally engrossed.
Overall the book SimplyMutual by Deepak Mullick stays true to its tagline (The 1% Formula to Gain Financial Freedom) by giving you the full proof formula to gain financial freedom early in your life.
By the time you finish this book, you will gain the perfect money mindset along with the perfect plan to achieve all your long-term financial goals through the highs and lows of life.
We all know that in the current scenario, the stock market and investments are the talks of the town. Everyone today wants financial stability along with financial growth. But with so many people advising, it is quite difficult to understand what should and shouldn’t be done.
SimplyMutual book by Deepak Mullick is the perfect solution to this problem as it will give you the best investment strategies with minimal risk.
When I began reading the book I had almost no knowledge about the concept of the stock market let alone investing in it, which was why I was quite adamant while choosing this book. But just a few pages into it, I was hooked by its simple yet quite convincing real-life examples.
Author Deepak Mullick begins by giving you information about how the most successful people are either business owners or people who own shares of successful businesses. It makes us realize that investing can help our own parts of businesses without actually going through the responsibilities of creating and managing a business.
After this, the author slowly relates one thing to another telling us about the Sensex curve, India’s growing economic status, and how investing in mutual funds should begin by the age of 30 for the maximum financial gain.
Along with all the money managing schemes and the numerous ways to grow financially, the ‘SimplyMutual: The 1% Formula’ book also prepares us mentally sharing with us the “Four Principles That Govern Share Market”.
The book engraves these principles in our minds by repeating them continuously and explaining them through real-life situations. Also, the key takeaways and reflections at the end of each chapter ensure that you remember all the important points without missing out on anything.
Each chapter ends with a few questions that help you gain clarity on your long terms goals and thinking. Throughout the book, the author has maintained a perfect balance between facts, ideas, and statistics which keeps you totally engrossed.
Overall the book SimplyMutual by Deepak Mullick stays true to its tagline (The 1% Formula to Gain Financial Freedom) by giving you the full proof formula to gain financial freedom early in your life.
By the time you finish this book, you will gain the perfect money mindset along with the perfect plan to achieve all your long-term financial goals through the highs and lows of life.
September 8, 2021
What was the first adulting thing you have done?
When we start our first job, we think only about spending the salary. Soon, we start hassle over bills and our salary starts to deplete. What to do with the money that we earn?
The book, Simply Mutual helps you to take care of your finances. You don't need to be a financial wizard to build your wealth. You can create plans to invest your salary so that you initiate your retirement plans early to live a fulfilled life. The book is divided into ten main chapters that will guide you in a stepwise manner.
The best thing about a non-fiction book is that it guides you towards the right track and this book is no less. Money is an important factor in life. During these times when the pandemic is hitting hard globally, the need to save and invest money wisely is of the essence. The author has explained how to invest in equity through mutual funds.
Even though mutual funds are subjected to market risks, the need to invest wisely is important. This book will lead to the right practices. The highlight of the book is that it comes with a disclaimer for investing in mutual funds. Not everyone is transparent in explaining the depth of investing your money.
The book has several images and snippets that are helpful while understanding the points clearly. It describes Maslow's Hierarchy that gives a perspective of the expenditure. The pointers are helpful while noting the aspects of the book. It gives a clear understanding of all the pros and cons of investing in high-risk markets. It steers you to understand what to do and what not to do while investing.
The language of the book is beginner-friendly. There are no hard terms for the readers when it comes to understanding equity through mutual funds. It is simple and effortlessly written for every reader. Every chapter is well-versed with proper information and the right guidance. This book is a must-read for every new employee who jerks from college to work.
When we start our first job, we think only about spending the salary. Soon, we start hassle over bills and our salary starts to deplete. What to do with the money that we earn?
The book, Simply Mutual helps you to take care of your finances. You don't need to be a financial wizard to build your wealth. You can create plans to invest your salary so that you initiate your retirement plans early to live a fulfilled life. The book is divided into ten main chapters that will guide you in a stepwise manner.
The best thing about a non-fiction book is that it guides you towards the right track and this book is no less. Money is an important factor in life. During these times when the pandemic is hitting hard globally, the need to save and invest money wisely is of the essence. The author has explained how to invest in equity through mutual funds.
Even though mutual funds are subjected to market risks, the need to invest wisely is important. This book will lead to the right practices. The highlight of the book is that it comes with a disclaimer for investing in mutual funds. Not everyone is transparent in explaining the depth of investing your money.
The book has several images and snippets that are helpful while understanding the points clearly. It describes Maslow's Hierarchy that gives a perspective of the expenditure. The pointers are helpful while noting the aspects of the book. It gives a clear understanding of all the pros and cons of investing in high-risk markets. It steers you to understand what to do and what not to do while investing.
The language of the book is beginner-friendly. There are no hard terms for the readers when it comes to understanding equity through mutual funds. It is simple and effortlessly written for every reader. Every chapter is well-versed with proper information and the right guidance. This book is a must-read for every new employee who jerks from college to work.
September 29, 2021
"𝑇𝑜 𝑔𝑒𝑡 𝑟𝑖𝑐𝒉, 𝑦𝑜𝑢 𝒉𝑎𝑣𝑒 𝑡𝑜 𝑏𝑒 𝑚𝑎𝑘𝑖𝑛𝑔 𝑚𝑜𝑛𝑒𝑦 𝑤𝒉𝑖𝑙𝑒 𝑦𝑜𝑢 𝑎𝑟𝑒 𝑎𝑠𝑙𝑒𝑒𝑝." — 𝐃𝐚𝐯𝐢𝐝 𝐁𝐚𝐢𝐥𝐞𝐲
𝑇𝒉𝑖𝑠 𝑏𝑜𝑜𝑘 𝑜𝑓𝑓𝑒𝑟𝑠 𝑦𝑜𝑢 𝑡𝑜 𝑘𝑛𝑜𝑤 𝑎𝑏𝑜𝑢𝑡 𝑏𝑢𝑖𝑙𝑑𝑖𝑛𝑔 𝑤𝑒𝑎𝑙𝑡𝒉 𝑡𝒉𝑟𝑜𝑢𝑔𝒉 𝑒𝑞𝑢𝑖𝑡𝑦 𝑖𝑛𝑣𝑒𝑠𝑡𝑖𝑛𝑔.
Through the profound information of financial freedom about mutual fund investment, this book gives a great way to start an investment and helps in creating awareness in equity mutual funds.
Keeping the audience, this book is purposefully designed for Indian financial services and to prompt an effective awareness towards them.
Before reading this book, I was unaware of mutual funds' benefits and how long-term investments work
One needs to be enough conscious so that you understand how saving is like putting money in the graveyard and how mutual funds can build a strong wealth in long run. I am amazed to know the perks of compounding money in a mutual fund that accounts for the creation of huge wealth. SIPs are some interesting investments too.
If one can deliberately follow this book rule, that is, The 1% formula, it is so evident with stated data and figures to get retired at the age of 45.
The 1% formula has three stages:
👉 Build a corpus
👉 Wait for it to stabilize for three years
👉 Withdraw 1% from the corpus each month and enjoy financial freedom.
When it comes to investing in equity, do not operate from greed and fear. Think like a business owner and make practical thought-through decisions.
The language of the book is so lucid and simple that allows it to understand layman. Statistical data and illustrations are greatly presented with examples to understand every possible nook of financial terms.
The book has drawn Sensex figure of four decades to everyday volatility. It also suggests why long-term investment is beneficial.
I would highly recommend this book to everyone regardless of their age.
The book is short and handy, as one can read 180 pages in a single seating because it has engaging and well-prepared content that serves our purpose of reading.
𝑇𝒉𝑖𝑠 𝑏𝑜𝑜𝑘 𝑜𝑓𝑓𝑒𝑟𝑠 𝑦𝑜𝑢 𝑡𝑜 𝑘𝑛𝑜𝑤 𝑎𝑏𝑜𝑢𝑡 𝑏𝑢𝑖𝑙𝑑𝑖𝑛𝑔 𝑤𝑒𝑎𝑙𝑡𝒉 𝑡𝒉𝑟𝑜𝑢𝑔𝒉 𝑒𝑞𝑢𝑖𝑡𝑦 𝑖𝑛𝑣𝑒𝑠𝑡𝑖𝑛𝑔.
Through the profound information of financial freedom about mutual fund investment, this book gives a great way to start an investment and helps in creating awareness in equity mutual funds.
Keeping the audience, this book is purposefully designed for Indian financial services and to prompt an effective awareness towards them.
Before reading this book, I was unaware of mutual funds' benefits and how long-term investments work
One needs to be enough conscious so that you understand how saving is like putting money in the graveyard and how mutual funds can build a strong wealth in long run. I am amazed to know the perks of compounding money in a mutual fund that accounts for the creation of huge wealth. SIPs are some interesting investments too.
If one can deliberately follow this book rule, that is, The 1% formula, it is so evident with stated data and figures to get retired at the age of 45.
The 1% formula has three stages:
👉 Build a corpus
👉 Wait for it to stabilize for three years
👉 Withdraw 1% from the corpus each month and enjoy financial freedom.
When it comes to investing in equity, do not operate from greed and fear. Think like a business owner and make practical thought-through decisions.
The language of the book is so lucid and simple that allows it to understand layman. Statistical data and illustrations are greatly presented with examples to understand every possible nook of financial terms.
The book has drawn Sensex figure of four decades to everyday volatility. It also suggests why long-term investment is beneficial.
I would highly recommend this book to everyone regardless of their age.
The book is short and handy, as one can read 180 pages in a single seating because it has engaging and well-prepared content that serves our purpose of reading.
October 8, 2021
Being an investor in mutual funds since a long time I have also cultivated my interest in that field to be certified financial advisor.
When I came across this book I found it to be extremely helpful and this was a unique read where an Author has tried to spread knowledge about mutual funds.
This is the generation of investments where money makes money hence one has to be intelligent enough to start their investments at an early age.
Mutual funds are subjected to market risks.
There is an misconception among people that there are high chances of facing loss in mutual friends.
But after reading this book and also according to my experiences, I can confidently say that if one is patient enough, then mutual funds are are always profitable.
The advantage of investing in mutual funds is that they provide high interest rates based on the market.
The amount of money that we can earn by investing in some other place for 10 or 20 years, the same amount of money can be earned through mutual funds in a span of just 5 years. That is the power of the market but to make these facts understandable to the investors there are very less effort and that's where this book stands unique.
I appreciate Author for Writing this book and it is truly informative.
Many people tend to invest in wrong funds at wrong time due lack of guidance.
Even though there are financial advisors but Complete dependency on others is never the right choice.
This book guide the people giving them the essential knowledge.
If one needs to understand mutual funds, how they can be beneficial and how they are unique than the rest, then a reader must read this book.
The author has written this after a well research hence this book is authenticated.
Highly recommended to everyone.
When I came across this book I found it to be extremely helpful and this was a unique read where an Author has tried to spread knowledge about mutual funds.
This is the generation of investments where money makes money hence one has to be intelligent enough to start their investments at an early age.
Mutual funds are subjected to market risks.
There is an misconception among people that there are high chances of facing loss in mutual friends.
But after reading this book and also according to my experiences, I can confidently say that if one is patient enough, then mutual funds are are always profitable.
The advantage of investing in mutual funds is that they provide high interest rates based on the market.
The amount of money that we can earn by investing in some other place for 10 or 20 years, the same amount of money can be earned through mutual funds in a span of just 5 years. That is the power of the market but to make these facts understandable to the investors there are very less effort and that's where this book stands unique.
I appreciate Author for Writing this book and it is truly informative.
Many people tend to invest in wrong funds at wrong time due lack of guidance.
Even though there are financial advisors but Complete dependency on others is never the right choice.
This book guide the people giving them the essential knowledge.
If one needs to understand mutual funds, how they can be beneficial and how they are unique than the rest, then a reader must read this book.
The author has written this after a well research hence this book is authenticated.
Highly recommended to everyone.
September 9, 2021
Is there a way to live better? To live our dreams? To get out of the rat race?
Nowadays, financial freedom is a basic requirement for everyone. When people control their own finances, they are financially free.
Want to escape the rat race, travel the world, or retire in your 40s with comfortable assets under your belt?
Achieving financial freedom is no rocket science.
SimplyMutual is your key to unlocking the 1% formula and gain your financial freedom.
With SimplyMutual you can learn how to:
● Retire in your 40s with a sizable corpus that provides you with a salary–pension that supports your lifestyle
● Free yourself from financial anxiety, fear, and corporate slavery to live the life you always wanted, now, and in the future
● Cultivate wealth-building as a second nature, embedding it into the very core of your psyche
● Make financial decisions based on facts, not emotions
● Make the most of the India opportunity and invest in equity for long term gains while beating volatility
Deepak takes you on a well-researched journey that demystifies equity investing with examples across everyday life.
When you’re just starting out, it’s important to understand the basics of investing and the different options available to you, so you can choose the smartest path for your financial future. As your income grows, your investment portfolio can also expand.
The book is written in lucid language and can be helpful for even those who are at beginner stage or yet to start investing
SimplyMutual has everything you need to know about building wealth through equity investing. A must read for everyone!
Nowadays, financial freedom is a basic requirement for everyone. When people control their own finances, they are financially free.
Want to escape the rat race, travel the world, or retire in your 40s with comfortable assets under your belt?
Achieving financial freedom is no rocket science.
SimplyMutual is your key to unlocking the 1% formula and gain your financial freedom.
With SimplyMutual you can learn how to:
● Retire in your 40s with a sizable corpus that provides you with a salary–pension that supports your lifestyle
● Free yourself from financial anxiety, fear, and corporate slavery to live the life you always wanted, now, and in the future
● Cultivate wealth-building as a second nature, embedding it into the very core of your psyche
● Make financial decisions based on facts, not emotions
● Make the most of the India opportunity and invest in equity for long term gains while beating volatility
Deepak takes you on a well-researched journey that demystifies equity investing with examples across everyday life.
When you’re just starting out, it’s important to understand the basics of investing and the different options available to you, so you can choose the smartest path for your financial future. As your income grows, your investment portfolio can also expand.
The book is written in lucid language and can be helpful for even those who are at beginner stage or yet to start investing
SimplyMutual has everything you need to know about building wealth through equity investing. A must read for everyone!
October 1, 2021
To retire at 45, and lead the rest of your life doing what you want? Sounds suspiciously like what Hrithik Roshan from Zindagi Na Milegi Dobara wanted to do. Well, is it possible? According to Deepak Mullick, it absolutely is! And you do not need to be working at a super high paying job (though that is definitely a huge advantage!)
Simply Mutual by Deepak Mullick is a financial guide to investing for a regular Indian person. The language of the book is simple, and easy to follow. As the opening chapter says, there are a lot of books with a lot of unnecessary blurb and unachievable tips and tricks. But this book cuts through the BS and hits the bullseye.
According to Mullick, to build wealth to retire early, there are but two ways to it-
- to start a business that is a success
- or to invest in a business that is already successful.
Investing in mutual funds is exactly what the second point says.
Mullick's 1% Formula is a three step process- First step- Build a Corpus. Second, create a safety plan aka cushioning. Third- enjoy your financial freedom! Though not simple as it looks here, the book is a step by step guide for it. With examples, charts and diagrams- this book is a fun learning experience.
For someone like me, who is new to the world of finance and quite literally a blank slate- this book has been a very informative read. I would suggest definitely giving this a read once, if only to check if this works for you.
Overall ratings- 5/5. Highly recommended to the newbies in the investing sector.
Simply Mutual by Deepak Mullick is a financial guide to investing for a regular Indian person. The language of the book is simple, and easy to follow. As the opening chapter says, there are a lot of books with a lot of unnecessary blurb and unachievable tips and tricks. But this book cuts through the BS and hits the bullseye.
According to Mullick, to build wealth to retire early, there are but two ways to it-
- to start a business that is a success
- or to invest in a business that is already successful.
Investing in mutual funds is exactly what the second point says.
Mullick's 1% Formula is a three step process- First step- Build a Corpus. Second, create a safety plan aka cushioning. Third- enjoy your financial freedom! Though not simple as it looks here, the book is a step by step guide for it. With examples, charts and diagrams- this book is a fun learning experience.
For someone like me, who is new to the world of finance and quite literally a blank slate- this book has been a very informative read. I would suggest definitely giving this a read once, if only to check if this works for you.
Overall ratings- 5/5. Highly recommended to the newbies in the investing sector.
September 11, 2021
We all wish to gain financial independence but only a few of us really achieve it. “To make money, mindset is more important than a degree in finance.”
Deepak Mullick’s SimplyMutual is a book aimed at providing an easier understanding of the opportunities for a long-term wealth creation. The primary focus of this book is investing in equities through mutual funds.
Woven with wit, the book has plenty of examples on how right perspective and understanding of emotional hurdles can help us gain financial freedom. Often we’re short-sighted when it comes to investing and that’s where our failure lies. The author stresses on the importance of discipline- investing for long-term.
Some of our personal favourite takeaways from the book are as follows:
• The concept of Opportunity Cost
• Importance of right mindset
• The power of compounding
• Invest before spending
• Maslow’s Hierarchy
The author’s 1% Formula is about building a corpus that pays off for the rest of our lives. “The purpose of investing is not to hoard money but to live a life you desire.”
A thing that I personally liked about this book was the author’s genuineness about the market risks.
The book is written in conversational style and is easy to comprehend. Recommend to anyone seeking different ideas of investment and wanting to start early.
Deepak Mullick’s SimplyMutual is a book aimed at providing an easier understanding of the opportunities for a long-term wealth creation. The primary focus of this book is investing in equities through mutual funds.
Woven with wit, the book has plenty of examples on how right perspective and understanding of emotional hurdles can help us gain financial freedom. Often we’re short-sighted when it comes to investing and that’s where our failure lies. The author stresses on the importance of discipline- investing for long-term.
Some of our personal favourite takeaways from the book are as follows:
• The concept of Opportunity Cost
• Importance of right mindset
• The power of compounding
• Invest before spending
• Maslow’s Hierarchy
The author’s 1% Formula is about building a corpus that pays off for the rest of our lives. “The purpose of investing is not to hoard money but to live a life you desire.”
A thing that I personally liked about this book was the author’s genuineness about the market risks.
The book is written in conversational style and is easy to comprehend. Recommend to anyone seeking different ideas of investment and wanting to start early.
Read
September 13, 2021Let's start with the famous word called "INVESTING". I guess we all know about this, and have given a thought to pursuing this task. Be it from share markets to mutual funds, we all have come across these terms.
He starts off by sharing his experience of 25 years in the financial sector, banking industry, and insurance industry and how he led himself to become financially free at the age of 45 by just applying some simple methods of investing.
SIMPLYMUTUAL is a book that provides a plethora of knowledge on investing in the long term with all the do's and don't require in the investment market. The author DEEPAK MULLICK describes every BASIC context of investing in lucid writing with figures & graphs to make it more elaborative for his readers.
He states that "You don't need to be a Finance Whiz Kid to be a Financial Success" instead apply simple steps by investing a small amount in the early stages of your carrier. The author also breaks the stigma (Share Markets is Gambling) by revealing the truth and clarifying in basic terms, the design of the market, and directing the correct method to invest at the ideal opportunity.
The book is for a wide range of audiences willing to begin their investment excursion and need's to get their hands over the stock market industry.
He starts off by sharing his experience of 25 years in the financial sector, banking industry, and insurance industry and how he led himself to become financially free at the age of 45 by just applying some simple methods of investing.
SIMPLYMUTUAL is a book that provides a plethora of knowledge on investing in the long term with all the do's and don't require in the investment market. The author DEEPAK MULLICK describes every BASIC context of investing in lucid writing with figures & graphs to make it more elaborative for his readers.
He states that "You don't need to be a Finance Whiz Kid to be a Financial Success" instead apply simple steps by investing a small amount in the early stages of your carrier. The author also breaks the stigma (Share Markets is Gambling) by revealing the truth and clarifying in basic terms, the design of the market, and directing the correct method to invest at the ideal opportunity.
The book is for a wide range of audiences willing to begin their investment excursion and need's to get their hands over the stock market industry.
September 17, 2021
Lot of people ask me to suggest books on investing because they start earning but don't know how to invest and where to invest, this is the simplest book I have ever read explaining the mindset, how to invest and where to invest in a fundamental manner.
The author has made crores as he mentions in the book so it is coming from someone who has built a credibility not from someone who just dreams to be a billionaire.
This book is short, simple and easy to understand with proper reasoning of the points and arguments that have been put up. Filled with tables and cute illustrations makes it very relatable and easy to recall. The book has chapter ending takeaways as a quick crux of the chapter.
People who have read multiple personal finance and investing books or someone who is an intermediate level investor already, you can skip this one because I am sure you are aware of a lot of things, as I was myself.
Somethings which have been explained very well in the book
- 4 principles of share market
- The reason people fail to invest money for a long term and then gives you the mindset which is required to invest and compound your money for long term wealth creation.
- Opportunity cost
- How sentiments affect the price of a company
- Different Fund Categories and chosing fund managers
- 10 commandments of Wealth Building
The author has made crores as he mentions in the book so it is coming from someone who has built a credibility not from someone who just dreams to be a billionaire.
This book is short, simple and easy to understand with proper reasoning of the points and arguments that have been put up. Filled with tables and cute illustrations makes it very relatable and easy to recall. The book has chapter ending takeaways as a quick crux of the chapter.
People who have read multiple personal finance and investing books or someone who is an intermediate level investor already, you can skip this one because I am sure you are aware of a lot of things, as I was myself.
Somethings which have been explained very well in the book
- 4 principles of share market
- The reason people fail to invest money for a long term and then gives you the mindset which is required to invest and compound your money for long term wealth creation.
- Opportunity cost
- How sentiments affect the price of a company
- Different Fund Categories and chosing fund managers
- 10 commandments of Wealth Building
October 1, 2021
✒ We all want money to live the life we desire. But getting money and building wealth is different.
In this book, we'll discover how to build enough wealth to get financial freedom.
📌This book is completely based on the author's research. It will guide you to "how to invest"
"How to manage fund".
✒ Here's some key to bottle up your 1% formula:
🔹 if you want to build wealth to retire early
Then, start a business make it successful or become a part-owner in an existing successful business.
🔹 The earlier you choose to invest, the Better it is for your financial freedom.
🔹Investing in shares is a long term commitment.
🔹 Don't base your investment decisions on emotions and general sentiment, rather analyse and make sense of where you are about to put your money.
🔹 Build a corpus market timing and rapid turnover both by and for mutual fund investors betray both a lack of understanding of the economics of investing and an infatuation with the process of investing. No matter what fund strategy you seek, you should emphasize low-cost funds and eschew high-cost funds.
💬 The author gives some very practical and very granular advice concerning investment.
I highly recommend this book to anyone beginning to think about investing, especially if you're from India, the book is the best basic guide for you to understand the history and current situation of the Indian stock market.
In this book, we'll discover how to build enough wealth to get financial freedom.
📌This book is completely based on the author's research. It will guide you to "how to invest"
"How to manage fund".
✒ Here's some key to bottle up your 1% formula:
🔹 if you want to build wealth to retire early
Then, start a business make it successful or become a part-owner in an existing successful business.
🔹 The earlier you choose to invest, the Better it is for your financial freedom.
🔹Investing in shares is a long term commitment.
🔹 Don't base your investment decisions on emotions and general sentiment, rather analyse and make sense of where you are about to put your money.
🔹 Build a corpus market timing and rapid turnover both by and for mutual fund investors betray both a lack of understanding of the economics of investing and an infatuation with the process of investing. No matter what fund strategy you seek, you should emphasize low-cost funds and eschew high-cost funds.
💬 The author gives some very practical and very granular advice concerning investment.
I highly recommend this book to anyone beginning to think about investing, especially if you're from India, the book is the best basic guide for you to understand the history and current situation of the Indian stock market.
September 18, 2021
Book - The 1% formula
Format- Kindle
Rating -5/5
The 1% formula has three stages:
1.Build a corpus
2 Wait for it to stabilize for three years
3. Withdraw 1% from the corpus each month and enjoy financial freedom.
By remembering this three rules we can move forward in our life.
We have been lot of mutual funds out side, like if we invest in them we get more benefits in future.
This book gives a clear clarity about mutual funds .
This book deals with how start the investment and also brief idea about mutual funds.
Every one want to achieve financial freedom at the age of 45,because all these they strived working hard and earning money , so at that keep If we keep right investment leads to many benefits in future.
So someone who is interested how to invest or who is hesitant to invest on mutual funds I would definitely suggest this book.
It would really boost up confidence .
We get motivated. The book is written in very simple language, anybody can understand it easily.
It has covered all the topic from root to base level.
The one who selects this book will never regret reading it.
Highly recommended.
And title is really nice and cover is spectacular.
Happy reading
Format- Kindle
Rating -5/5
The 1% formula has three stages:
1.Build a corpus
2 Wait for it to stabilize for three years
3. Withdraw 1% from the corpus each month and enjoy financial freedom.
By remembering this three rules we can move forward in our life.
We have been lot of mutual funds out side, like if we invest in them we get more benefits in future.
This book gives a clear clarity about mutual funds .
This book deals with how start the investment and also brief idea about mutual funds.
Every one want to achieve financial freedom at the age of 45,because all these they strived working hard and earning money , so at that keep If we keep right investment leads to many benefits in future.
So someone who is interested how to invest or who is hesitant to invest on mutual funds I would definitely suggest this book.
It would really boost up confidence .
We get motivated. The book is written in very simple language, anybody can understand it easily.
It has covered all the topic from root to base level.
The one who selects this book will never regret reading it.
Highly recommended.
And title is really nice and cover is spectacular.
Happy reading
October 9, 2021
SimplyMutual : The 1% Formula To Gain Financial Freedom
by Deepak Mullick
The 1% Formula by investment veteran Deepak Mullick is a beginner-friendly guide on demystifying equity investing.
SimplyMutual was an informative, interesting and ultimately extremely valuable book for anyone interested in building wealth for retirement by investing in mutual funds.
The standing out point of this book for me was the author’s approach to the process from the very basic level and the several points of comparisons made between the different options available.
To make money, your mindset and your ability to separate emotions from ups and downs if market is more important than a degree in finance.
It was only after reading this book that I had an idea about the entire system of mutual funds and honestly, I'm kind of drawn to it.
The book is written in lucid language and can be helpful for even those who are at beginner stage or yet to start investing.
This book will help clear all your misconceptions and misinterpretations related to mutual funds and share markets.
Highly recommended ,
Happy reading😌✌️
by Deepak Mullick
The 1% Formula by investment veteran Deepak Mullick is a beginner-friendly guide on demystifying equity investing.
SimplyMutual was an informative, interesting and ultimately extremely valuable book for anyone interested in building wealth for retirement by investing in mutual funds.
The standing out point of this book for me was the author’s approach to the process from the very basic level and the several points of comparisons made between the different options available.
To make money, your mindset and your ability to separate emotions from ups and downs if market is more important than a degree in finance.
It was only after reading this book that I had an idea about the entire system of mutual funds and honestly, I'm kind of drawn to it.
The book is written in lucid language and can be helpful for even those who are at beginner stage or yet to start investing.
This book will help clear all your misconceptions and misinterpretations related to mutual funds and share markets.
Highly recommended ,
Happy reading😌✌️
October 10, 2021
SimplyMutual: The 1% formula written by Deepak Mullick, a book which is prepared to make you monetarily educated. The book is composed dependent on speculation and independence from the rat race . The book is a novice manual for SIPs and shared assets . The creator has explored and given the best monetary systems to an amateur ."The 1% Formula'' is a bit by bit manual for store the board and interests in the field of value and common finances that is leaned towards aiding you in producing significant corpus yet in addition assist you with getting independence from the rat race in future.
One should be cognizant enough so you see how setting aside resembles placing cash in the cemetery and how common assets can fabricate a solid abundance over the long haul. I'm astounded to know the advantages of intensifying cash in a common asset that records for the production of tremendous abundance. Tastes are some fascinating ventures as well. You should read the book atleast once. Happy reading !
One should be cognizant enough so you see how setting aside resembles placing cash in the cemetery and how common assets can fabricate a solid abundance over the long haul. I'm astounded to know the advantages of intensifying cash in a common asset that records for the production of tremendous abundance. Tastes are some fascinating ventures as well. You should read the book atleast once. Happy reading !
September 27, 2021
This is a beautiful blend of reality with guidance. It is based on motivating and inspiring the readers to understand the different perspectives of savings and utilising their money thus giving out the best output from their own money.
The book is divided into several chapters explaining the different perspectives of the same theme and the ground on which a human being has to work for improving their investments. It is one of those books which has so much to give its readers. It is presented in a very unique manner that the reader enjoys reading and understanding it thoroughly.
The book contains a detailed analysis of the ground that the author believes one should emphasize on. The language used in this book is very simple and easy. The narration is very friendly thus making it a good read for all the readers. It's definitely a good read.
Plus as it's a short book, it was a quick read and a must read for all.
The book is divided into several chapters explaining the different perspectives of the same theme and the ground on which a human being has to work for improving their investments. It is one of those books which has so much to give its readers. It is presented in a very unique manner that the reader enjoys reading and understanding it thoroughly.
The book contains a detailed analysis of the ground that the author believes one should emphasize on. The language used in this book is very simple and easy. The narration is very friendly thus making it a good read for all the readers. It's definitely a good read.
Plus as it's a short book, it was a quick read and a must read for all.
September 30, 2021
Mutual funds are a safe investment if you understand them. This is very much informative book. It consists of gradational guide to build your own money. Investors should not be worried about the short-term fluctuation in returns while investing in different funds basically for long term. Its all about building your financial wealth, with the help of appropriate and correct techniques. Its basically relaxation in future due to little efforts made today. This book has everything a beginner should learn about the Market, how it runs? History, how it started? and many more aspects involved. One can also minimize his/her risks with the help of proper set of guidance. It has beautifully designed and for the easy learning charts and stats has also been added. I liked the concepts. The language and vocabulary used by author was easy and understandable. I will read it again and learn some more.
September 30, 2021
The author DEEPAK MULLICK describes every BASIC context of investing in lucid writing with figures & graphs to make it more elaborative for his readers.We make money not to store in banks 'safely' but to make it work for us in the long run. That's exactly what Mullick teaches us in this book. A person from non-investment background will also be able to absorb the concepts easily.Filled with tables and cute illustrations makes it very relatable and easy to recall. It defines the 4 principles of share market.The book holds section wise data and plans for better investment.The book is good for begginers as well as the players.
Facts and data appropriately stated.
Overall reading this book was worth it. The language of the book is lucid and understandable. It gives a new perspective for people who are more financially stable and don't know much about it. I would highly recommend this book to all.
Facts and data appropriately stated.
Overall reading this book was worth it. The language of the book is lucid and understandable. It gives a new perspective for people who are more financially stable and don't know much about it. I would highly recommend this book to all.
October 7, 2021
From the cover page of the book or from the title if the book its gives a clear imagination that this book is speaking about the mutual fund investment.written by Deepak Mullick.
This book is basically a one type of guid book or we can say that this book is one kind of self help book where we can read about the The 1% Formula” is a step-by-step guide to fund management and investments in the field of equity and mutual funds that is inclined towards helping you in generating substantial corpus but also help you get financial freedom in future.
The book can be summarised in two or three lines.
1) Equity gives the best return long term
2) Start early and invest consistently
3) Build a corpus that would be 100 times your monthly expense to achieve financial freedom.
The language used in this book is easy and understanding.
I really enjoyed to read this book..
The cover page of the book is amazing..
This book is basically a one type of guid book or we can say that this book is one kind of self help book where we can read about the The 1% Formula” is a step-by-step guide to fund management and investments in the field of equity and mutual funds that is inclined towards helping you in generating substantial corpus but also help you get financial freedom in future.
The book can be summarised in two or three lines.
1) Equity gives the best return long term
2) Start early and invest consistently
3) Build a corpus that would be 100 times your monthly expense to achieve financial freedom.
The language used in this book is easy and understanding.
I really enjoyed to read this book..
The cover page of the book is amazing..
This entire review has been hidden because of spoilers.
September 7, 2021
Book : Simply Mutual: The 1% Formula
Author : Deepak Mullick
Genre: Self help
Pages: 137
Review: The Book 'Simply Mutual: The 1% Formula' written By author Deepak Mullick talks about Making Money through equity investment. The Book talks about 1% formula which consists of three stages:
1. Build a Corpus
2. Let it get stabilized for atleast three years
3. Enjoy financial freedom by withdrawing 1% from that corpus every month.
The book is good for those who want to learn about mutual funds and investments. Even it can help a beginning in a good way. The book also talks about long term investments and Tells how they are useful.
Book has been written in a simple and lucid manner making the readers easy to understand.
I highly recommend this book to those who want to learn about investments.
Happy Reading :)
.
Ratings: 4/5
Author : Deepak Mullick
Genre: Self help
Pages: 137
Review: The Book 'Simply Mutual: The 1% Formula' written By author Deepak Mullick talks about Making Money through equity investment. The Book talks about 1% formula which consists of three stages:
1. Build a Corpus
2. Let it get stabilized for atleast three years
3. Enjoy financial freedom by withdrawing 1% from that corpus every month.
The book is good for those who want to learn about mutual funds and investments. Even it can help a beginning in a good way. The book also talks about long term investments and Tells how they are useful.
Book has been written in a simple and lucid manner making the readers easy to understand.
I highly recommend this book to those who want to learn about investments.
Happy Reading :)
.
Ratings: 4/5
September 23, 2021
This book is basically about building investment strategies. After going through this, right now i definitely have a better way of investing my savings, and an even better way of spending my savings.
The book holds section wise data and plans for better investment. It teaches a lot about mutual funds and all the other investment funds, how they work, how can we be efficient in making one all that is well explained. As we grow to maintain the balance between expenditure and savings becomes our priority. Knowledge of all this coming from a book, feels like an opportunity. The book is good for begginers as well as the players.
Facts and data appropriately stated. Writting pattern and narration are user-friendly, suitable for all. A very helpful book and learning was handy from this book. It won't disappoint, must have it.
The book holds section wise data and plans for better investment. It teaches a lot about mutual funds and all the other investment funds, how they work, how can we be efficient in making one all that is well explained. As we grow to maintain the balance between expenditure and savings becomes our priority. Knowledge of all this coming from a book, feels like an opportunity. The book is good for begginers as well as the players.
Facts and data appropriately stated. Writting pattern and narration are user-friendly, suitable for all. A very helpful book and learning was handy from this book. It won't disappoint, must have it.
October 3, 2021
Financial security is important, if not critical, to make your money work for you. You work hard for your money and your money should work hard for you. As it happens, the bank is certainly not breaking a sweat paying you to keep your money in their vault. The onus is on you to put your money at work.
This book tell you how you can take charge of your financial security. It allows you to grow your wealth but also generate an additional income stream if needed ahead of retirement.
The book is significantly designed to cater to the needs of this technological generation thereby establishing it in a more accurate context. With author's experience and knowledge, the book has definitely delivered what is seeks and one can find it insightful and helpful especially in case of problems and issues which most of the texts and content could not resolve.
This book tell you how you can take charge of your financial security. It allows you to grow your wealth but also generate an additional income stream if needed ahead of retirement.
The book is significantly designed to cater to the needs of this technological generation thereby establishing it in a more accurate context. With author's experience and knowledge, the book has definitely delivered what is seeks and one can find it insightful and helpful especially in case of problems and issues which most of the texts and content could not resolve.
October 8, 2021
The book " SimplyMutual : The 1% Formula " is written by Deepak Mullick . The book is very well written and the author has tried to come up with different storyline . The topic is very important for Indian folks . The book is written based on investment and financial freedom . The book is a beginner guide to SIPs and mutual funds . The author has researched and given the best financial stratagies to a beginner .The author has also mentioned the importance of value investment throughout our life . Talking about the title of the book it is very appropriate and catchy and let me be honest that was first that made me choose this book . The cover of the book is vibrant and creative . The book is recommended to everyone .
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