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Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years.  Here's to $1 million and to FIRE

The best thing.., I liked here is.. the comment she made: “If u r financially independent, doesn’t mean.., you/we have to stop working”.

I share my journey as I am planning to FIRE. I was from a BPL family (no shame to admit that), but what I found is very important, if the lady of the house is educated and good at maths, it helps a lot. I got the habit of saving from my mother at a very young age, when I used to see her spending very cautiously and ensuring we save something at the end of the month. This thing got carved so deep in me that when I started earning, I followed the same thing, spend cautiously and ensure some amount is saved at the end of the month. Fast forward, after 15 years of working I have not only uplifted my family from BPL to  upper middle class, but able to save good corpus and I am hopeful I will be able to say goodbye to my 9 to 6 job at the age of 45. I have to admit I wasn't a very wise investor but a consistent one, and so far it has paid up well to me.

00:01 Starting a journey in personal finance with Public Provident Fund
02:11 Evolution of personal finance
04:32 Late 20s to mid-30s is a time of great expenses and limited ability to save for retirement
06:36 Plan your retirement by estimating future spending using inflation calculations
08:50 Traditional instruments like NPS and PPF form the core of long-term investment portfolio.
11:16 Encouraging women's financial empowerment and participation
13:22 Women need to take charge of managing their money
15:36 Teach children about financial impact of their choices
17:41 Document your financial life to create a roadmap for your family.
19:42 Earn and spend money with dignity and in a manner that helps you and others.
Crafted by Merlin AI.

huge numbers of people want to get retire early which proves they are pissed off with their job roles.

I have been investing into VPF (voluntary PF) for almost 24 years. I started with a 5% of my basic increase to PF and then with each increment adding 40-50% of raised Basic salary added to it. So if my basic increased by 8% which may be 8000/- …I will increase my VPF by 2000/- or higher. VPF in my previous organisation was max 100% of your current deduction I.e 12% however my presentation company allows upto 88% of Basic.
Good point about VPF is that it adds upto your PF, which is tough to withdraw. % given is good, now a part of VPF interest is taxable but still benefit overpay and the law of compounding is excellent as the corpus increases. Finally the money is secure with no risks.

Finfluencers need to see this 5:02, we save from 21 lil by lil, get married and all our savings are wiped out get into lil bit of debt 5 years down the line we get kids and save for house and so on.. so saving is very tough, very easy to say save 40 percent of your saving, but Indians here working from ground up , with no family wealth, supporting parents , living in cities with a chunk of money taken by taxes , its a marathon for us.

I have watched a lot of financial planning videos, this is by far the best. She has rightly mentioned that the struggle to save that extra money in mid 30's is difficult due to home loans, kids education, ageing parents, desire to enjoy life while your salary has not very huge.

Ms Halan is the personal finance pioneer in Indian journalism. I'm gratetful for her early columns in Outlook Money and other publications. Thank you for your wise words, Ma'am.

Thanks Monika!!!
One of the best decision of my life was to pick your book from a thela in New Delhi Railway station just when I was going to join my first job right out of Campus. You saved me multiple future regrets. I always read you book like an elder sister telling me what to do and what not to do.

Truly indebted to you!!

Me and my wife, we are in our early 30's already documenting our investment details in diary and updating in regular intervals and always planning oru investments together 😊.

Lovely to see a financial advisor emphasising understanding the meaning of life and enjoying your twenties and thirties instead of always looking at opportunity costs

Monika's Lets talk money is a very good book. I've even suggested to many. I strongly recommend to every citizen in this country. Its just enough to have good financial literacy.

One of the first few books I read on Personal Finance was 'Let's talk Money' and it gave me a more structured approach to managing personal finance. Really admire her deep real world insights and how she's so poised.

Every minute was informative and thought provoking. Mrs Monika clearly showed how a true financial advisor is different from Finfluencers. Kudos to Wint once again.

I started investing in MF from 2008. Now achieved corpus of Rs 4.87 Cr in equity and 3.91 Cr in debt. Thanks mam for guiding me.

17:46 I keep an excel sheet with all my daily, monthly, annual expenses.  It also has all my investments, and what they are currently worth. It gives me both my wife and I a good insight on where we spend our money, how much money we made, where we invest, etc.  My siblings have been doing this for years, but I started a few years back, because our father tried to instill this as children.

Great insights Monika Halan ma'am!
I am in my early 40s and I am trying to teach personal finance to my kids.
Very true like you said, its no less than a life skill these days.

I am 43y young female. I made my first crore on 23Aug2024 despite starting late. Being an academia scientist, i earned peanuts till 2019 after which i joined corporate at 38. My salary was only 9 LPA in 2019. I invested my peanuts only in MF from 2011 to 2018. After a pause of 2 yrs (quit scientist job for 8 mos; joined tiny company in 2019; then big corporate in Aug 2019), i restarted MF. Then started investing in IND stocks from 2022. Then US stocks via INDmoney in 2023. Now direct US stocks via IBKR in 2025. I plan to make 2 crore by June 2026.