DINESH KUMAR B - Stock Market Expert DINESH KUMAR B

Let us now list the consequences of not managing money:

1) More difficult to achieve your financial goals

2) Lack of savings

3) Less Financial Control

4) It’s too easy to overspend

5) More debt

6) Harder to navigate unexpected expenses

7) Less financial contentment

8) More Stress


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Hi, In this PodCast I will be answering one of the most common question i.e How do I save large amount of money?. Keep listening to this PodCast till the end.

If you are someone who don’t save money, then it could be because of following reasons:

1. You don’t have a budget or plan. Without a budget, you’re apt to have a hard time determining where your money goes month after month.

2. You’re not automating your savings.

3. You’re giving into impulse buys.

4. You haven’t mapped out your goals.

5. Saving money takes discipline and certain amount of sacrifice.



Let us look at benefits of saving money:

1. Saving can give you freedom. It can be tough to allocate some of your cash to a savings account if you don’t have a set goal for that money.

2. Saving provides financial security.

3. Saving means you can take calculated risks.

4. You can become rich by saving and investing money.

5. You will be financially independent sooner.

6. You won’t have to worry if you’re hit with any unforeseen expenses.

7. You’ll have financial back-up in case you lose your job.

8. You’ll be prepared if your circumstances change.

9. You’ll be more comfortable in retirement.

Now the burning question is how you can save large amount of money. I am now going to reveal a very powerful money management principle i.e WISDOM and it stands for:

W = Wealth Allocation

I = Incidental/Emergency Allocation

S = Self Education

D = Donation or Charity

O = Obligation or Monthly expenses

M = Monetary Self Reward

Let me explain this principle by taking an example. i.e Let take salary of Rahul is Rs.1L i.e take home salary after taxes. Now let me use the WISDOM Principle and do the budgeting or planning:

1. Wealth Account = 10% = Rs.10000/-

2. Incidental/Emergency Fund = 15% = Rs.15000/-

3. Self Education = 10% = Rs.10000/-

4. Donation = 5% = Rs.5000/-

5. Obligation or Monthly expenses = 55% = Rs.55000/-

6. Monetary Self Reward = 5% = Rs.5000/-


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To answer this question i.e How do I stop spending money? We need to understand this in more deeper level. Actually this question means there is no money left at the end of the Month. There is more days than money. I will sharing some real learning from Robert Kiyosaki’s best selling book i.e Rich Dad Poor Dad. I would recommend this as the resource to understand the relationship with money.

Basically for the Working Professional the monthly income comes from Salary. Once you have the income then it goes to expenses and this is what is worrying that all the income is spent and there is no money at the end of the month. Now the question is where one has spent the entire monthly income. Where to buy Assets or Liabilities or Living a lifestyle which is not sustainable.

ASSET : Very simple and practical definition is any thing you buy is it having positive cashflow at the end of the month. It means after paying the EMIs is it still putting money into your pocket, then it is a ASSET. Now look at your expense statement and the EMIs you are paying are those items monthly or annual returns is more than the monthly or annual EMI you pay. If this is not true then it is not an ASSET and actually it is a liability.

LIABILITY : This is exactly opposite to the ASSET that it has the cashflow negative and depreciates in value.


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Actually the question of getting rich means how to achieve the lifestyle of living once passion. Every one are special and has inbuilt talents or gifts. We all want to live persuading our passion and become free of the rat race. Every working professional irrespective of the position and salary there an internal desire to be able to use their time for living their passion.

I am going to give few Powerful Principles for getting rich in 5 Years or less:

1. You have to position yourself for wealth : Mind Your Own Business -> It means that along with your day job you need to have your own business. Most of the JOB Contracts doesn’t allow to have a secondary business as you are trading your time for money in JOB Situation. Then how can one mind their own Business. This is an excellent question and the right answer is as a Working Professional you need to focus on investing into the business not work in the business. Learn the art of investing into Stock Market, Real Estate, Authoring a Book and other royalty based incomes.

2. Success is a learnable skill : You need to make a choice whether you want to earn more or live on much less. It you have made decision to become rich then faster the better. If someone is doing better than you, it’s because they know something you don’t. Take action by investing in books, seminars, courses and hiring the coach to shorten your learning curve and get the results faster.

3. Quick change brings quick opportunity : The fact is, right now is the greatest time in history to create wealth quickly in your own business by applying proven systems and processes.

4. You can always be more, have more and do more because you can always learn more : The current reality is that most of us will go through six or seven complete career or business changes in our lifetime; the average length of each being about five years. Meaning, you “make your money” in that period or you don’t make it at all.

5. Deliver Massive Value : “Money”, you like it or not, it is a huge part of our lives. Money is an appreciation given for the exchange of goods and services. You will be paid in direct proportion to the value you deliver according to the market place which includes your JOB. Deliver Massive Value in you profession and you will see the magic happening.

6. Timing is everything : Choosing the right vehicle at the right time is a rare and highly profitable skill that can be learned. Learn the art of Investing in Stock Market and you can use this vehicle to achieve your financial goals.


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Our culture most of the time defines how we manage the money. One need to go deep to understand the root cause i.e Childhood. What did we hear about money from parents, relatives, friends, teachers and other associates.

Let us take this few initial steps and they are as follows:

1. Every day one in morning and once in evening do this declaration by placing your hand on your heart and say…

a. I am truly grateful for all the money I have now.

b. I am excellent money manager.

c. I play the money game to win.

d. My money works hard for me and makes me more and more money.

e. My intention is to create wealth and abundance.

f. I earn enough passive income to pay for my desired lifestyle.

g. I Love Money.

h. I admire and model rich and successful people.

i. I get rich doing what I love

j. I am financially free. I work because I choose to and not because I have to.

2. Keep always thinking of abundance in life.

3. Document your expenses in different categories

a. General : Which should include all day to day and monthly expenses like Rent, Electricity Bill, Water Bill, Food, Clothing, General Medicines, Personal Loan EMI, Credit Card Payments etc.

b. Emergency/Contingency : Life Insurance Premium, Health Insurance Premium and Insurance Premium. If you are allocating any fixed amount for some unforeseen events.

c. Personal Expenses : Amount spend on you including habits like smoking, drinking, restaurants, food home delivery etc.

d. Education : Children and Self Education.

e. Contribution / Charity : This includes helping any of your close associates who are in need.

4. Define your Financial Goal for next 1 Year, 5 Year and 10 Year. Have a clear GOAL Card and keep looking at it every day.

5. Practice documenting your daily expenses.


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In this Podcast have shared 10 Rules and further rules will be shared in next Episodes.


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