Book Review of 13 Steps to Bloody Good Wealth by Sunil Dalal and Ashwin Sanghi
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13 Steps to Bloody Good Wealth by Sunil Dalal and Ashwin Sanghi, is your definitive guide to making money. Now let me first tell you what this book cant do. This book will not make you rich overnight. Wealth is accumulated over time. There are strategies just to make sure that 'time' doesn't become your 'lifetime'. This book will not promote any particular financial product. What it will do is that it will discuss various products and investment options and compare them. Thirdly, and most importantly, 13 Steps to Bloody Good Wealth doesn't claim to be the best book on the subject. Instead it encourages you to develop a critical approach towards anything and everything you read.
Marketing executives are eager to sell their stuffs to you. Don't believe everything they say. Their intentions aren't always bad. But their training often makes them parrot words that are superficial and are just enough to sell the product. What they often omit is the risk involved in the investment. To get the full picture you need to dig deeper. 13 Steps to Bloody Good Wealth by Ashwin Sanghi and Sunil Dalal tells you how to do that.
Don't just purchase stuffs. Create assets that will earn for you. Especially when you are taking loan for it, it's all the more necessary to pay attention to the kind of asset you're acquiring. A vehicle you purchase to rent it to a local transport may be a good idea whereas borrowing for the sole purpose of consumption isn't. 13 Steps to Bloody Good Wealth also explains why an increase in income alone can't ensure wealth.
Probably the only two negative things about 13 Steps to Bloody Good Wealth are, first, it is written in Indian context which limits its scope in international market. Secondly, this book is for beginners. Experienced investors may not find this book as engrossing as a layman would. I'd like to recommend this book who just started investing and is considering making some serious money in completely legit ways. 13 Steps to Bloody Good Wealth by Sunil Dalal and Ashwin Sanghi will tell you how to create profitable assets over a reasonable period of time. It discusses various aspects of investment in Mutual Funds, Share Markets, Real Estate etc.
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