How important is Retirement ? If you are not asking this question to yourself today, You are bound to pay for this in future. Thinking about retirement in early age is considered Joke in our country, every body is just running around buying cars, home, may be invest in couple of mutual funds without any plan and buy life insurance, but Planning for retirement is still a very untouched activity. With the advent of “Financial Planning” word in our country, Financial Planners are now doing Retirement Planning for clients , however even that Retirement Planning is not proper Retirement Planning is true sense .
Retirement Planning is a much much more complex process than we think and deserves a lot of effort and time if you want to successfully plan for your Retirement years . We are living in a different era, and uncertainity of not reaching our Target in retirement is much more in these times . We need a much well planned approach and systematic planning for every goal of our life and Retirement is a classic case of it.
PV Subramanyam, a CA by Education and a trainer by Profession has written a wonderful book, named “Retire Rich Invest Rs 40 a day” . I bought this book and read it and here are some of my thoughts on the book.
Review of Book
Easy to Understand : The first thing which amazed me about the book was that it was written in very very simple language, It was easy to understand all the chapters of the book. The book starts with a very nice Introduction of why Retirement is more important in these days to plan and how we under estimate our retirement needs. I am reading Subra’s Blog from a long time now and his way of writing is very different than his way of writing on blog . I must say that I consider his book to be very simple than what I had expected 🙂
No Complex Calculations : The book gives all the calculations in a easy to implement “tabular” format and its easy for anyone to actually implement the learning from the book without diving into the complex calculations .
Step by Step Guide for self-planning : The book goes through all the steps of retirement planning in easy way and anyone can easily understand and do their Retirement Planning. It would require dedication to really go through the book and understand the various concepts the author has tried to explain. With some effort and dedicated mind its a great way to plan your own retirement.
Good Examples but lacks Graphs/Charts : The book have good examples in between , which woul be very helpful in understanding the chapters and what they try to convey. But if you are a kind of reader who like to see lots of Images/Charts along with text, the book misses on that part.
Introduction of Investment options : While it might sound that the book is only for readers who already know a lot of stuff , Its not true . In between, there is good insight about various investment products one can invest in and it gives a fair understanding of what should be the action plan after one plans for his/her retirement.\
Book reading Session in Pune
There is a book reading session conducted in Pune on this coming Sunday on 15th Aug and Subra mailed me personally to invite all the readers of this blog who wants to join them . The entry is FREE .
When : Sun , 15th Aug , 10:30 am – 12:30 pm
Where : Season’s Hotel , Aundh, Pune (Map)
You can meet PV Subramanyam and Deepa Venkatraghavan, Editor Moneycontrol.com there . I would say who ever can go should definately go to the Book reading session and make the most out of it .
Buy the Book
You can now get the book shipped FREE to your Home at Rs 299 , and thats 25% discount on the price, Click to buy , Buy the Book : Retire Rich Invest from Flipkart.com
Conclusion
I am not an expert on any topic by any means and this review should be taken as my views on the book only. Overall The book is very good and is recommended to all. While the book targets people at any stage of life , Its must have for people who are in early stage of their life.