My Ink Drop

This book is about personal finance. An outline guide how to handle you money what you earn. If you are looking for a book to know about personal finance then you can start with this book. Manish Chauhan blog is one of the top blog in India about personal finance. Few things from this book Start saving when you start earning. Why Term Insurance is important to protect the family. Plan for short term and long terms financial goals. Invest on Equity Publish by Network 18 (CNBC TV).

1.Active Income Vs Passive Income Majority of people work for Money .Imagine if we stop working today our active income will also stop . Example , with your savings you are buying a house and giving it for rent , so now even you do not work you can generate passive income every month by the amount you get from rent !! So we have to work toward passive income in life . Do not work for money , money should work for you 2.Asset Vs liability What every things generate money for you is a Asset .Fixed deposit , Investment in Real estate ,Money generated from business etc . For anything if money goes out from your pocket is Liability .House rent , CAR maintenance , loan Interest etc In life we need to increase the Asset and decrease the Liability .