6 Unbelievable Truths Of Financial World Along With Implied Learnings

Ohhh…was it? Sure???

You would surely get such reactions when you hear about the 6 facts of Financial World that I am sharing in this episode.

It doesn’t stop here itself. I have compiled a set of learning through each of these 6 facts. If you can implement the learning into your day to day money management, it can elevate your financial well-being to the next level.

Fact # 1: Income Tax Slabs And Rates

3 & 6 Vs 11 slabs and 30% Vs 85% highest tax rate
Learning: Focus on what you can control and have a strategic plan to deal with what you can’t control

Fact # 2: The Infosys Technology IPO

Even at Rs. 95 per share, the IPO was under-subscribed and had to be bailed out by Morgan Stanley
Bumper listing at Rs. 145 per share with 52% gain
Learning: Struggle, ups and downs are part and parcel of the journey called investing. Patience is the key attribute

Fact # 3: Month Long Wait For Trade Settlement

What is now merely a 2-3 working days process used to take about 30 days and sometimes even more
Learning: The world is an ever changing and ever evolving place. You need to keep evolving along the way to keep abreast.

Fact # 4: Warren Buffet’s Net Worth Analysis

He had only 1% of his current net worth during first 40 years of investing
He went on to accumulate 99% of his wealth after the age of 52-53
Learning: Wealth creation is a topsy turvy journey and not a destination. Even power of Compounding needs time to reap it’s fruits

Fact # 5: Apple’s Market Cap in Indian Perspective

Apple’s Market Cap was 164 Lakh Crore in 2020 which is more than the total of Market Cap of all the BSE 500 companies put together!
Learning: Don’t compare yourself with other, especially financial success. Always try to be in better position than you were yesterday

Fact # 6: The Ambani Brothers

Anil Ambani was once richer than Mukesh Ambani. Yes, shortly after they split the Reliance Empire in 2005, for a brief period in 2006, Anil Ambani’s Net Worth was more than that of Mukesh Ambani.
As of today, Mukesh Ambani is India’s Richest Man where as Anil Ambani’s net worth is zero
Learning: Having or creating wealth is one aspect and sustaining it over a period of time is another. Money Management is crucial.

What is the most unbelievable fact among these 6 for you and what is the one actionable steps among the learning that you will start implementing?

Comment below.

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Cheers,

To Your Financial Well-being.

Hi, I am Jiten Modi. Son of a Driver, born and brought up in typical Indian Village; A brilliant Student at Academics, A Cricket fanatic; Once A Corporate Zombie and A Pathetic Money Manager Turned into A Personal Finance Strategist.

I am the Founder of ‘Financial Abundance Tribe’ and Creator of ‘Astute Money Matrix’

I am on a Mission to help 100,000 families live a Zero Stress Financial Life.