I asked the members of Facebook group Asan Ideas For Wealth to share details of how they are earning an extra income to supplement their main salaries. I received 100+ responses which make it seem like that there are definitely (at least a) 1001 ways to make more money if we tried. Here is this inspiring list.
I have excluded money from bonds fixed deposits and stock dividends for three reasons: (1) we need money to make that kind of money; (2) I could keep reinvesting that kind of money and redeem when I want (3) anyone who is planning for any goal will have a corpus from which such income can be generated. Many would disagree, but that is how I roll.
The writing for Gamechanger, my new book with Pranav Surya is over. We are both excited about the way it has turned out, and currently editing it and waiting for the ISBN number. This will be an out and out DIY undertaking, thanks to Pranav who is doing everything possible to keep the book cost as low as possible. Watch this space for more developments.
Here are five unique books that will will completely change the way you think about stock market risk and reward. They have certainly shaped mine and my first ever financial calculator was based on one of them. The books will bust established myths about the market - its so-called efficiency, mean reversion, and the way we measure risk and reward - not with opinions, but with data.
1 Unveiling The Retirement Myth - Jim Otar
Tag line: Advanced Retirement Planning Based On Market History
Anirban Ghosh had posted his analysis of a debt mutual fund at Facebook Group, Asan Ideas for Wealth (AIFW). When I requested him to write an account of how he selected his first debt mutual fund, he readily agreed. Anirban's data crunching has unearthed an interesting mutual fund with a curious strategy and is the main reason for my request.
Before we begin, I would like to point out that,
1: the debt mutual funds mentioned in the post should not be treated as recommendations.
A few days ago, I had published the 13th edition of the freefincal stock analyser that auto-generates Hewitt Heiserman Jr.'s Earnings Power Box, thanks to the efforts of Rs. Srivatsan, who explained how to identify good business from bad one using it in a guest post: It’s Earnings That Count: Forget the next Infy; Can you identify the next Satyam? This is an update to that sheet after correcting a couple of issues.