Money - Deepstash
Money

Money

Mistakes Ankur Warikoo made with money

1)Associating money with negativity and having the mindset that money is the root of all problems.

2)Taking loans to buy real estate assuming the price appreciation would take care of the interest rate he pays.

3)Whenever he made any extra cash, instead of paying off the loans, He invested in start-ups, convinced the start-ups would multiply money several times.

4)Investing in illiquid assets like start-ups and real estate, and rarely in liquid assets such as stocks and gold so when tough times happened He had a lot of paper wealth but no cash.

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utkarshchandel3

A Romanticist who is trying to understand this world by reading books. You can also follow me on YouTube, I post there quite often.

It is a summary of Do Epic Shit by Ankur Warikoo.

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5)He continued to maintain his expensive lifestyle when he should have lowered it. 

6)He invested in stocks when the markets went high in the hope of making fast money and he sold in panic when the markets stagged so that he doesn’t lose money. It should have been t...

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