Benefit Vs Cost
To understand the benefits let us take an example as shown in the Sample Wealth Book.
Old Investment Habit
| Investment | Possible Wealth | |
| 43.63 Lacs | 1.58 Crore | 3.64 times |
New Investment Habit supported by Financial Learning for the same time period.
| Investment | Possible Wealth | |
| 43.63 Lacs @ 8% | 6.76 Crore | 21.61 times |
| 43.63 Lacs @ 15% | 45.52 Crore | 145.48 times |
1.58 Crores to 45.52 Crores becomes possible by having the Wealth Book.
Cost: Rs 25000
Consequences of not having a Wealth Book:
Absence of wealth book:
The experience of your current and future wealth is absent which puts you in a state of “Scarcity, Not having Enough, Worry of Savings getting reduced.”etc.
Moreover, the hard earned money gets experimented by:
- Buying Products which are not required by you but are to be sold by agent.
- Buying Products under emotional pressure by Relatives.
- Over/ Under Exposure of Risk.
- Not living a desired life inside of a fear called ‘NOT ENOUGH’.
- Your portfolio will under-perform the benchmarks in that asset class.
E.g. Equity as asset class has given 18% + return in the last 35 years. But most portfolios in spite of taking the equity risk are either negative or marginally positive.
And eventually not having a Wealth Book will end up being EXPENSIVE.