The Most Authentic Guide on Personal Finance and Investments


Words of Wisdom : "Failing to plan is planning to fail." ~ Alan Lakein   Write to us NOW !!!
Because, at The Wealth Architects "Honesty is NOT the best policy, it is the ONLY policy."

Four outcomes of any financial decision

Whenever you make any financial choice, it can broadly impact your wealth in four ways:
- It causes a substantial fall in your fortune 
- It slowly and steadily erodes your wealth
- It protects and preserves your money
- It adds staggering amounts to your riches

Through the years of my financial advisory experience, I have come across many people making wrong financial choices as they did not correctly assess the impact of their decisions.

I, therefore, realized that eliminating such errors was critical before any wealth creation could begin.

Accordingly, in my book 'Millionaires don't eat cakes...they make them', I put forth the concept of 'Income to Wealth Recipe' with four primary ingredients viz. Wealth Dissipators, Wealth Destroyers, Wealth Preservers and Wealth Creators. These are, briefly, listed below:

Wealth Dissipators
- Imprudent spending habits
- Misconception about your assets
- Taxes
- Inflation

Wealth Destroyers
- Threat of credit cards / personal loans
- Threat of loans
- Threat of calamities
- Threat of short-term trading
- Threat of bad decisions

Wealth Preservers
- Insurance
- Fixed Deposits / Bonds / Debentures
- Debt Mutual Funds
- Gold

Wealth Creators
- Business
- Equity / Equity MFs
- Property

Henceforth, first ascertain whether your proposed choice / decision is a wealth creator, preserver, dissipater or a destroyer. This will ensure that your choices become more astute and you can start cooking your millions.

(By the way, Amazon India is currently offering the above book at 25% discount for only Rs.499 375.) 

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Ignorance is like a SIGNED BLANK CHEQUE... anyone can MISUSE it.

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Books by Sanjay Matai
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