30 Common Financial Mistakes
Massive wealth is not the result of complex and witty moves but doing simple things right.
Mistakes are natural in life’s journey, and our financial journey is no different. However, it is crucial that we become aware of our mistakes and take corrective action. This way, they become our greatest learnings and serve us well.
FOOPS! is a collection of the 30 most common financial mistakes we make in our quest to create wealth. If we appreciate the impact these errors can have on our long-term wealth creation and take immediate action, each Foops moment is a potential game-changer.
What is going to be your Foops moment? How are you going to correct it? Learn from the national bestselling author of From the Rat Race to Financial Freedom and The Autobiography of a Stock.
MANOJ ARORA is a gold medalist in engineering from AMU, Aligarh. In his career spanning more than two decades, he has worked for Fortune 500 organisations across the globe including IBM, L&T and TCS. An IT-professional-turned-author, he has to his credit multiple bestsellers on dreams, parenting, money and happiness. Founder Trustee of Kalpavriksha—a tree plantation NGO, Manoj lives by his life’s mission to elevate the world around him.
Review on Goodreads
To being a complete alien to finance, the book surely clarified a lot that was going on in my mind. The book gives you a thorough knowledge of what is each mistake, how is it done? A lot of moments that would make you think ‘omg’, but a lot more that would help you to avoid making one.
The author lists down 30 mistakes that are committed commonly. The book is structured in a way that even someone who is new to the term finance can understand. So it makes things simple and precise.
Though it does not compromise on the quality of the language. There are no technical jargons concerning finance but will definitely make you understand whatever mistake is being discussed.
The book will help you from not letting you make mistakes which you are about to and make you aware of mistakes which you have already done and help you take actions to correct it.
Mistakes which found my interest:
Under estimating the power of compounding.
Getting swayed by the hype of NFOs and IPOs.
Auto renewing fixed deposits
Not prioritizing portfolio tracking.
The glossary also helps you with major terms which can aid in making you understand the common terms used.