If you think that you can become rich by earning more money, you may have to revisit this belief. It all depends on how you manage your money. However, many people lack this skill because we did not learn about money management during our development years in schools and colleges.
There are many books available on the subject for those interested in mastering the art of investing but 'What my MBA did not teach me about money' is an outlier. The book uses a dual-perspective approach — human and financial — to bring out a new approach to simplify personal finance.
Written by IIM graduate Sandeep Sahni and ISB alumnus Sanjit Singh Paul, who have decades of experience in entrepreneurship and investment, the book delves into the world of personal finance through the lives of two couples who face the same financial dilemmas and conundrums as the rest of us.
The example-driven approach and the lack of jargon make the book an easy read. The examples also help readers retain what they learned from the book.
What you'll learn
Sahni and Paul's book starts by explaining the 'two perspectives' of personal finance. The chapters deal with the psychological aspects of managing money. A clear understanding of how your brain reacts to money issues is crucial to correcting the approach to money matters. The book does an excellent job of bringing out the psychological aspect of handling money and provides a good base for readers to grasp a better understanding of concepts to come later in the book.
The later parts of the book contain separate sections that provide tips and solutions to successfully counter monetary issues that might crop up without any warnings. Chapters on 'How to Handle Extremes' and 'How We Make Tough Decisions' are a complete delight for those looking for intelligent answers to their monetary anxieties.
The section on markets is the most interesting part of the book. Amid all the knowledge available on making money through the share market, 'What my MBA did not teach me about money' is a reference guide on the subject. From technical aspects like market cycles and dynamic allocations to fresh investment strategies like '500 Points Movement', the book covers a variety of topics for market enthusiasts.
