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Financial Planning – Change your Mindset to Change your Life!


The poor and the middle-class work for money, while money works for the rich

I want to start the dialogue with this quote from the famous book ‘Rich Dad Poor Dad’ which by the way has changed the perspectives of a lot of people in understanding how money works.

The Rich acquire assets which in turn benefits them in the long run for Eg. A shop, an office, shares of a company, a house, paintings, antiques, etc while the middle class aims security in Fixed Deposits.

This mindset of seeking security is what stops the middle class from being rich. I do not oppose the argument that risk free investments are important, they sure are important. What I differ on is the quantum of security we are seeking. Risk free investments are important for creating an emergency fund or at a time when you have to withdraw money at a short notice, say less than a year, not when there are 20 years left for your daughter’s marriage or for your retirement.

Difference in returns is double to say the least! You only earn a minimalistic 5% in a bank’s fixed deposit while a mutual fund may give you 12-14% return.


All I want you to open your mind to new age ideas, open up to a bit of risk, understand the new age investment opportunities, do a bit of mutual funds, buy some good quality shares, invest in a commercial property, learn about startups, etc. Open your mind to lose some money, that’s okay. Even Rakesh Jhunjhunwala, the big bull of Stock markets has lost money while investing in some stocks, that’s completely fine. Just consider it as fees for the course to learn share market, real estate, investments, etc. You might lose some money in the beginning but when you look back after a few years, you would have gained tremendously.


Did you know???

 Info edge company (popularly known for invested Rs 4.7 cr rupees in Zomato in 2010. Today the value of its stakes in Zomato is more than 15,000 crores rupees!!! Just in a matter of 11 years.


You would have heard the story of Rs 10K invested in Infosys in 1993 in its IPO would have become more than Rs 3 crores today. Amazing isn’t it!! Annual Dividend received would cross Rs 6 lakhs p.a.


So what do you think we miss out onn?

I think what we miss out on is the belief that we can make it to the top. We need self -belief to time and again just keep investing periodically over a substantial period of time.

And, if things go as planned, we may one day fall into the category of the rich.


You can argue that rich people have sufficient funds to invest while you do not have sufficient funds to just go and invest in a commercial property, totally true! I would definitely agree this is a hindrance. So what can be done.

you can bridge this difference through time, you need to start investing early.

A person with 1 crore of investments can earn 10 Lakh rupees by just making 10% p.a returns while we may earn 15% on Rs 5 Lakhs, still it would be only 75K.

So what you need to do is invest this 5 Lakhs for 20 years to help it become 1 crore and then you will be in a different league!


‘A person who does not create a passive source of income in his prime, will have to actively work till he dies’.


Do let me know your queries in comments below! You can also write to me on the below email id!

I would be very happy to hear from you!

CA Devesh Rathi

Email ID –


This Post Has 18 Comments

  1. Radhika

    An eye opener article. Very useful just like the previous one.

  2. Roma Hingorani

    Useful and Inspiring👍🙏

  3. Krishna

    Great article devesh eagerly waiting for your next article

  4. Jaanvi

    Very well written! 👍🏻

  5. Arpita

    An eye opener

  6. Vidya

    Very informative and well written article

  7. Piyush

    Article was very good and I agree completely with the last quote about passive income generation.

  8. Abhishek kamble

    Very well written quite motivating👍

  9. Divya

    Nice Article

  10. Vijay

    your both articles are superb.
    expecting article on startup next time.

  11. Nitin Ajmera

    Very good information

  12. Pallavi Ghate

    Good and useful information…. Throw some light on startup in next article…

  13. Pranjal

    Perfect ideology you have quoted!!!
    Must follow..

  14. Praveen Kumar

    Very well written quite motivating

  15. Ritesh

    Nicely explained!!

  16. Babu Naik

    Very useful article

  17. Twicsy

    I like the helpful information you provide in your articles.
    I will bookmark your blog and check again here regularly.
    I’m quite sure I will learn lots of new stuff right here!

    Best of luck for the next!

  18. Thanks for your marvelous posting! I genuinely enjoyed reading it, you are a great author.I will be sure to bookmark your blog and will often come back
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