Author : Guneet Kaur
Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.6/5 (86 download)
Book Synopsis The Magic of Compounding by : Guneet Kaur
Download or read book The Magic of Compounding written by Guneet Kaur and published by . This book was released on 2020-08-29 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to direct the focus of 'millennials' in the developed and developing nations (taking the UK and India as a case study) towards management of their personal finances. It is particularly important because many uncertain situations can arise like the recent COVID-19 outbreak, which can put people into adverse financial circumstances. Furthermore, the shutdown and uncertainty around the COVID-19 pandemic has forced millennials to pause and examine their lifestyle and spending habits. A generation that believed in 'buy-now-pay-later policy' has suddenly talking about saving for a rainy day because of the crisis. Additionally, relying on one single source of income may pose a major threat to individuals' financial situation, especially if the crisis prevents them from working. Hence, people need to be financially aware and take care of their personal finances to ensure their financial well-being in old age. Similarly, millennials need to be more cautious about their financial future to defend against any such economic crisis in the future.This book will tell you how to: Analyze and manage your personal finances, Cut your unecessary expenditure, Overcome financial distress and Battle adverse situations like COVID-19 pandemic. With practical examples, important principles and helpful suggestions about personal finance and its management, this book highlights the importance of compounding to banish all your blues.