Monday, January 28, 2013

Let's Talk Money by Akhil Khanna!!!

             Good to see a special number "777" being touched and experienced. It's always a special day whenever I get to write such posts with unique numbers. But unfortunately, I am not talking on a topic but reviewing a book. As I promised all my readers that I will come up with some good books' review, I am just not procrastinating a bit. I want to keep reading until I get stuck with college duties. Tonight, I am not reviewing yet-another-fiction but a Non-fiction book named "Let's talk money" which also has the tagline of "Road to Riches Made Easy" that is published by Times Group Books. Book is authored by Akhil Khanna who has successfully pursued the degree of MBA with specialization in the field of Financial Management at the University of Sheffield, U.K in the year 1992. He spent the next eight years working for three organizations in India, two Indian reputed companies and the third a Korean Multinational. During his corporate career, he looked after a wide range of finance related activities in the companies ranging from Working and Term Financing Arrangements, Forex Management and Risk Hedging, Corporate MIS Reporting, Budgeting etc. 

                Coming to the book- "Let's Talk Money", I will share its synopsis as its a cut-to-cut summary about what the book is:

 Warren Buffett has two rules. Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1. Let me add a Rule No. 3: Know how to apply Rule No. 1. For, neither our upbringing nor our education gives money any significant place. Money is the least discussed topic within a family. Formal education about it is absent. The aim of this book is to help people from non-financial background to become aware of the world of money. In a simple, jargon-free language, it tries to acquaint us with this world — the various options one has of investing and the things one should bear in mind while choosing an option. We come to know of the complexities of the global investment climate we live in today and the dangers to our investments. Remember: It is not important what one earns; true wealth is what one manages to keep.

            I will seriously appreciate Mr. Akhil Khanna for writing such a rich book. By seeing the cover page of the book and the name of the Publisher, Times Group Books, I didn't think that this book can be interesting and so entertaining. I thought that it would be something that will talk about money in some jargon and such keywords that will make me sleep. But fortunately, it taught me a lot. Akhil Khanna has made it sure that every person who is not from the Finance and Economics background can understand the book. As the synopsis says that he is trying to let people know how not to lose money, this book surely teaches us all the details in a very simple and understandable language in just 176 pages. 

             Right from the First Chapter- Money to last chapter- World Financial Crisis 2008, book keeps us teaching something or the else. The good thing about the book is that it discusses both the sides. When we invest money in something, it tells us what do we gain by doing it and how does the company in which we invested makes profit through it. Then it also tells when to invest in an organization and when not. It also tells as to what factors influence in growth of money and downfall of it. It tells when not to think about doubling the money. It tells how to buy shares and when to sell them off. How to judge a company while being involved in this business of Stock Market. ETC. 

              Another good thing about the author is the real life examples that he has mentioned in the book. Rather than giving Case Studies and making this a textbook, he has given certain interesting examples- some of them real while some of them fictionally built. Then, as the book starts becoming monotonous, author has given Chapter 9th- "Invest In Happiness" which is a very happy and serene read. I loved the idea of author to include such a chapter in this highly topic-oriented book. Author's confidence in his subject can be easily seen with the way every sentence is been written. He has made whole finance and economics so easy for all the laymen who would be reading this book. I, who is totally naive in this field, a Science student, liked this book and never got bored then I can assure that anyone of you can deal with it. And I recommend this to all of you as once you'll read this book, you'll find it easy to invest and use your money that you earn with hard-work and passion. I am not giving any Ratings to this book as this piece of work needs to be kept with ourselves without any reviews.



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