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Let's Talk Money is a book by Monika Halan that simplifies personal finance for Indian households. It helps readers understand how to manage money efficiently.
Here are 7 key takeaways from the book that will help you break down complex financial concepts into practical steps that ensure financial security.
"Managing your finances is not a luxury for the rich, it is hygiene for everyone."
"Think of your financial life as a money box. Each product you buy must fight for its place in your money box."
"You need to put on your oxygen mask first. When we’re young, we underestimate the damage that an ageing body causes to work."
"The goal is to make you feel more confident about your money life. Basic finance is not tough to understand; choosing products is."
"We are too fond of our gold, real estate and FDs. Let's understand the true nature of each of these investments and what purpose they serve in our money box."
"Not more than 5–10 per cent of your total portfolio goes into gold. You do not buy jewellery as an investment."
"It is a clunky investment that has lots of costs, which people forget to add to the profit maths."
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