I’m Vinod Desai. I’m the author of two books in the area of personal finance, including the recently released Grownups Are Just Kids With Money. My third book will be out in market in July 2019.
My first book, which was released about 5 years ago was called I‘m earning, now what? and is outdated beyond a reasonable amount of doubt. I urge that you neither buy nor recommend that book.
On this blog, I write about, Money – Travel – Business – Life Lessons.
‘I’m Earning. Now What? ‘ was written in 2011 and published around 2013. This book was taken out of circulation after the launch of the book ‘Grownups Are Just Kids With Money’.
The first edition of ‘Grownups Are Just Kids With Money‘ was published late 2017 and was discontinued after the launch of the second edition.
The second edition of ‘Grownups Are Just Kids With Money‘ updated for 2018. This book is currently in the market and is available via all major e-commerce platforms.
My next book will be out in July 2019.
Why my work gets well reviewed
- I understand how intimidating the topic of finances can be to most adults. My work is written and conducted in a simple language which makes it easy to anyone to comprehend. By the end of the journey, even a layman with no background in finances becomes familiarized to financial jargon which was alien for years or even decades.
- I’m an outlier of sorts. I stay away from the commission riddled financial industry. This allows me to be ruthlessly impartial. There are no sales pitches and there are no commissions to be made. Ever.
My investing journey started 14 years ago in 2004.
In hindsight, I can honestly say that all my initial investments were poorly researched. However, the interest in the field had sparked which led me to learn voraciously. I knew the mistakes I had made and started a correction course.
Around 2011, I started conducting full-fledged workshops for colleagues and other senior management professionals on these financial essentials and the principles of simple, stress-free investing. Every session after session got packed to the brim and there always seemed to be an endless list of people who had waitlisted themselves for the next session.
These were highly rewarding. I still receive several emails from investors saying that their investing journey started because of my sessions. The best compliment, however, was from a 50-year-old Senior Director, who after sitting through an entire session, said “Where were you when I was 25 years old?”
A big part of this earlier journey was with my friend and colleague Viresh Kumar. When workshop attendees requested us for reference materials, we started to put together some notes. It grew and grew and eventually became good enough to be made into a book. I decided to upload it to Amazon for easy distribution and it was sold as a Kindle-only version under the title I’m earning, now what?.
After a decade of investing and my own personal emphasis on keeping liabilities low, I was financially in a position to quit my full-time job by early 2016. The universe then came together to support my intentions and the company which I had worked for 10 years, got bought over for a handsome premium.
If I could only tell you 5 things about money
1. Being able to protect and grow money well, is a liberating, life-altering skill.
It’s as liberating as knowing how to ride a cycle or driving a car, and I wish you will soon see it that way too. If you are reading this, do not miss my workshops. The knowledge you’ll gain will help you create an amount of wealth which is disproportional to your salary income.
2. Growing wealth for later is not about living miserly now.
People often think wealth generation occurs by saving and accumulating money. But this is an ignorant mind’s idea of creating wealth Once you learn the subject, you’ll understand that creating wealth is about growing as much of it as possible; not saving as much as possible.
3. 99% of financial products are designed to take advantage of you.
Financial products which most people will hear about in their lifespans would be riddled with middleman commissions which will make their hard-earned money work for someone else. Even in retirement, only a few of those individuals would come to know of the amount of wealth they’ve lost.
4. No one will take care of your money as well as you would.
No one. Even a well intentioned fee-only financial planner, will only work well if you keep him woefully up-to-date about your life’s updates. There is no way around. You’ll need to learn the nuances of the field yourself.
5. The actual quantum of knowledge required to generate wealth in a safe and stress-free way, is rather low.
But this crucial knowledge tends to get drowned in a sea of noise. The only way for you to identify and isolate this crucial knowledge is by first being able to understand the noise.
What I do now
I enjoy writing and teaching. I am now a full-time author in the field of financial wellness. I’m a semi-hermit of sorts, and don’t conduct workshops often. But the field is severely under-taught and I’m aware that teaching this skill can irreversibly change lives for the good.
With that in mind, I’ve devised a program called ‘The Moneyplanting Program’ which is all about teaching the fundamentals of this rarely taught field. At most, they are conducted once every quarter.
However, by all metrics available now, I am financially independent. I spend my time learning new skills, and improving existing ones. I’m a certified scuba diver, certified in Kalaripayattu, I’ve meditated with Buddhist monks in Srilanka, recently learnt how to surf, and to build sustainable housing using bamboo and earth. This inherent thirst to constantly learn new things, helps me bring a lot of real-world perspectives to my core focus of financial education.
I do not provide financial advisory
While I am happy to reply to your queries, my answers will indeed be based on what I would do and also on the limited information that you would have provided in your query. I am not a professional financial advisor, nor do I intend to become one. Further, I cannot possibly know the full details of your situation and needs.
However, I’m happy to guide you towards fee-only financial advisors in India who work without commissions. I strongly recommend commission-free advisors since they’ve consciously chosen to stay away from the lure of kickbacks, despite those being highly lucrative.
You’ll find a full list of such advisors on my blog post here.
On other books and investment ideas
I am often asked to read other books or comment on other investing ideas. But truth be told, I have neither the time nor the intent for it. What I’ve arrived at has worked perfectly well for me and I’m certain will work perfectly well even in the future. I have no intention to convince you that my strategy which I call Moneyplanting will work well for you, despite knowing fully well that it will, since almost all of it is based on learning the fundamentals of this field. My intent is to educate you so you know what you’re doing, so you can create a strategy which works well for you. Though I am rather certain that you will arrive at the same strategy which I have, the journey is yours to make.
Investing is also not a one-size-fits-all strategy. It needs to be modified based on one’s own goals and needs. And there is no better person to understand your needs than yourself. The only way out in which case is to start learning the nuances of this field.