Welcome to the first issue of “Weekly Finance Snippets” where every Sunday, we promise to bring you curated finance resources and tips, from all over the web, straight to your inbox.
Quote of the week
Rich dad said that financial intelligence determined, not so much how much money you make, but how much money you keep, how hard that money works for you, and how many generations you can keep it.
From Rich Dad’s Cashflow Quadrant, by Robert Kiyosaki.
This superbly explains in a single line that your income is just one factor of the wealth you accumulate, the most important being savings and your choice of investments. Grab the book !
Recommended Article / Trending
The article, The Rise and Fall of Theranos, brought to us by Finshots, beautifully explains how a health care startup raised millions in funding, only to later unfold the fact that their product was not as effective as it claimed to be. Must-read if you’re a startup geek.
The biggest question any new investor is confused about is whether to invest through SIPs or lump sum. Personal finance Youtuber Rachana Ranade explains how you can make this choice in a fun and interesting way.
Lumpsum or SIP, which is better? | CA Rachana Ranade
This week’s recommendations cannot end without mentioning the most talked about economic phenomenon: inflation. Contrarian Thinking’s Codie brings to you strategies to combat inflation and stay wealthy in the long run.