Money wise Deepak Shenoy-book-review

Deepak Shenoy's *Money Wise* is a fresh breeze in the often-stuffy world of personal finance literature. For anyone who has ever been overwhelmed by financial jargon or felt lost amid a sea of investment strategies, Shenoy’s latest book promises clarity and simplicity. As a seasoned financial expert and the CEO of Capitalmind, Shenoy has distilled his extensive knowledge into a guide that’s as enjoyable as it is educational.

Summary

*Money Wise* isn’t just another finance book; it’s a roadmap for anyone looking to make smart, informed decisions about their money. Shenoy takes readers by the hand and leads them through the essential principles of wealth-building without drowning them in complex terminology. The book addresses key topics like income allocation, smart mutual fund investments, and the importance of observing investor behaviors, such as those of Warren Buffett, over merely listening to their advice.

Shenoy’s approach is refreshing. He breaks down complex financial concepts into easily digestible pieces, making it accessible even for those new to investing. Whether you’re just starting out or looking to refine your investment strategy, this book offers actionable insights and practical advice. This is a sane voice in the cacophony of mindless pumping of money in investments. He makes sense and helps reader see the bigger picture.

Key Takeaways:

- **Ways of Allocating Your Income**: Shenoy emphasizes the importance of diversifying income streams and wisely distributing funds across various investments.

- **The Only Mutual Funds Hack Worth Knowing**: The book unveils a simple yet effective strategy for maximizing mutual fund returns.

- **Watching vs. Listening**: Shenoy advocates for observing the actions of successful investors like Warren Buffett rather than just hearing their words.

Quote from the Book

“Wealth is not just about adding zeroes to your net worth but about having enough to live an unconstrained life.”

Snapshot

Publisher - Juggernaut
Genre - Personal finance
Price - Rs 599
Cover image - Getty
Cover design - Gavin Morris
Publishing year - 2021
Pages - 246

Frequently asked questions

1. **Who should read this book?**

*Money Wise* is perfect for both novice investors and those with some experience who want to enhance their financial acumen. Its straightforward approach makes it accessible to a broad audience.

2. **How does this book differ from other personal finance guides?**

Shenoy’s book stands out by simplifying complex concepts and offering practical, actionable advice without overwhelming readers with technical jargon.

3. **What makes Shenoy’s writing style unique?**

Deepak Shenoy is known for his ability to demystify financial topics. His writing is engaging and clear, often using real-world examples and straightforward language to explain intricate ideas.