You are currently viewing 6 Unbelievable Truths Of Financial World Along With Implied Learnings

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.

Link to join Financial Abundance Hub, Facebook group

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.

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; on a Mission to help 100,000 families live Zero-Stress Financial Lives. I am the founder of Financial Abundance Tribe and Curator of Astute Money Matrix, an e-learning course on Personal Finance and Money Management.

Leave a Reply