A quick announcement before I begin today’s post – My new book, Boundless, is now available for ordering!
After a wonderful response during the pre-order phase, I finally have the book in my hands and am shipping it out quickly. If you’d like to get your copy, click here to order now. You can also enjoy lower prices on multiple-copy orders.
Plus, I’m offering a special combo discount if you order Boundless along with my first book, The Sketchbook of Wisdom. Click here to order your set.
I am writing this series of letters on the art of investing, addressed to a young investor, with the aim to provide timeless wisdom and practical advice that helped me when I was starting out. My goal is to help young investors navigate the complexities of the financial world, avoid misinformation, and harness the power of compounding by starting early with the right principles and actions. This series is part of a joint investor education initiative between Safal Niveshak and DSP Mutual Fund.
Dear Young Investor,
I hope you are doing well, and that the lessons we have covered so far have helped you in guiding you through the early stages of your investing journey.
In today’s letter, I wanted to take a bit of a detour and talk about something you might not expect to hear from someone who writes about investing.
It’s that money is a trap.
Of course, not a trap that keeps you poor, but one that gets hold of you after you have enough. The one that convinces you that more is always better, that financial success is the ultimate goal, that the next zero in your bank account will finally make you feel complete.
It’s a cruel joke.
One that many only realize too late—when they have everything they ever wanted, and yet, somehow, it’s still not enough.
You see, we’re sold this idea from childhood—study hard, work smart, climb the ladder, and one day, you’ll have enough money to be free.
Free from stress, free from obligations, free from anything that feels like work.
But what happens when you reach that point and still feel empty?
[Read more…] about Letter to A Young Investor #8: Beware the Money Trap