Finance Guru Speaks ….

I’ve been associated with AIII (Association of Indian Individual Investors) for almost 3 years now.

This group has been started by Rajeev Mundra
(Too cool guy from IITK — GeoDesic — and now full time finance guru )

And the kind of financial input/training/gyan recieved from the group is amazing.

Received following gem from Padmanabhan:


Was discussing with my mentor these important concepts of money which are often not really understood.
He even analysed why many commonly held truths about managing money are obsolete.

“Investing,” he points out, “is not risky, but following bad investment advice is.

  • Your future is created by what you do today, not tomorrow
  • The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way.
  • The only difference between a rich person and poor person is how they use their time
  • Academic qualifications are important and so is financial education. They’re both important and schools are forgetting one of them.
  • The poor, the unsuccessful, the unhappy, the unhealthy are the ones who use the word tomorrow the most
  • I have a problem with too much money. I can’t reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.
  • Do today what you want for your tomorrows
  • Tomorrows only exist in the minds of dreamers and losers
  • The most life-destroying word of all is the word tomorrow
  • A lot of people are afraid to tell the truth, to say no. That’s where toughness comes into play. Toughness is not being a bully. It’s having backbone.
  • Money is kind of a base subject. Like water, food, air and housing, it affects everything, yet for some reason the world of academics thinks it’s a subject below their social standing
  • We go to school to learn to work hard for money. After earning the money and spending it we rarely spend time to learn the skills to protect/grow it.


The concepts/thoughts are really simple. But putting them in one neat manner takes an effort.

Thanks paddy for this gem.

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