Archives for January 2020

On December 31st, as I was scrolling through the new year’s wishes, a particular message caught my eye. It was from my favourite writer Derek Sivers. He has a way of adding jolting perspectives to mundane things. He wrote —

A new day begins when I wake up, not at midnight. Midnight means nothing to me. It’s not a turning point. Nothing changes at that moment. A new year begins when there’s a memorable change in my life. Not January 1st. Nothing changes on January 1st.

Your year really begins when you move to a new home, start school, quit a job, have a big breakup, have a baby, quit a bad habit, start a new project, or whatever else. Those are the real memorable turning points — where one day is very different than the day before. Those are the meaningful markers of time. Those are your real new years.

[Read more…] about Spotlight: 20 Ideas to Make 2020 a Life Changing Year – Part 1

Value Investing Workshop is a one-day session where I teach the most important principles and practices of value investing and move through an entire structure and process of picking up high-quality stocks using these principles.

Apart from teaching the process of picking the right kind of businesses using the rules of value investing, the Workshop also covers the core ideas in Behavioural Finance – how cognitive biases hurt our investment returns and steps an investor must take to minimize the mistakes on this account.

Overall, I have sifted through a mountain of amazing books, documents, lectures, plus my experiences in investing to bring to the table the most important practical ideas in becoming a sensible, successful, long-term investor.

The Mumbai session of Value Investing Workshop is on Sunday, 8th March 2020.

Click here to know more about and register for the Mumbai Value Investing workshop.

Camp Millionaire is our game and activity-based financial education program for children of age group 8 to 14 years. Kids learn how to make, manage, multiply and donate their money wisely first hand in this day-long program and they have fun doing it.

The main objective of this program is to provide a stimulating, fun-filled, learning environment where kids can feel safe exploring and learning the various principles, ideas, and skills needed to create a financially successful and responsible life.

The Mumbai session of Camp Millionaire is on Sunday, 19th April 2020.

Click here to know more about and register for the Mumbai Camp.

Email me at vishal[at]safalniveshak[dot]com if you have any questions around these workshops.

Alcohol math. Wine multiplies itself by itself. The more you have, the more you are likely to have. And if it’s hard to stop at one glass, it will be impossible at three. Addition is multiplication. ~ Matt Haig, Reasons to Stay Alive

Debt math is exactly like that. The more you have, the more you are likely to have. And if it’s hard to stop early, it will be impossible later.

Economics has a term for this – debt spiral, which is a situation where an individual, or a business, or a country sees ever-increasing levels of debt. This increasing levels of debt and debt interest becomes unsustainable, eventually leading to debt default.

[Read more…] about The Math of Debt

Mark Twain famously said — It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.

The video below may be a little disturbing for some but it has a very important lesson which can save you not just from financial ruins but also from life-threatening situations.
[Read more…] about Behaviouronomics: Normalcy Bias

In 2012, Scott Young took upon him the challenge to complete the four year computer science curriculum of MIT and pass the exams without attending the classes. It was literally a moonshot for two reasons. First, Scott had a degree in business and no prior knowledge of computers. Second, he was planning to finish the challenge in under one year.

He did it. And that started him on the path to mastering several other hard skills like learning to speak four different languages (fluently) in one year and learning to draw like a professional in 30 days.

How does he do it — mastering hard skills in a shockingly short amount of time?
[Read more…] about Bookworm: Ultralearning