Since 1995, Prashant Desai has worked (finance and investing) with various entrepreneurs like Kishore Biyani (Future Group), Rakesh Jhunjhunwala (Rare), Jignesh Shah (FT) and now with Sameer Sain (Everstone). He has managed treasury assets of Rs 3000 cr besides risking investing into almost everything from fixed deposit, corporate deposit, chit fund, gold, real estate and stocks. In his own words, ‘I have learnt only by losing money. One wisdom I gathered, ‘investing cannot be taught, it has to be learnt.’
We are excited to be publishing a financial series by him on the Juggernaut App. Here’s an exclusive extract from his upcoming book Make More Money with Your Money –
“Want to make money? Want to make more money? Want to make even more money? And some more?
I want to. What about you?
Is money your slave or are you its?
‘Money is a good servant but a bad master,’ said Sir Francis Bacon, and I agree completely. I have learnt that either you make money your slave, or you become its. That’s all there is. Money makes money. So first, to make money, you need to make money first. And I believe we all do make money. Some of us work, some teach, some cook, some write, some run a business, some consult, some sketch, some sing, some act, some play. We all do the first thing well. Make money. But we don’t do the next thing so well, make money make money.
Why? Let me ask you this. Do you discuss money matters at the dining table?
I have grown to observe, like religion, sex and politics, the topic of money too is a taboo. Does it make you feel ashamed (those who think they have less) or guilty (those who have plenty)? We all want to make more but choose not to discuss it with the people for whom we want to make more.
Think; and now change your thinking. Talk About Money with your Family. ”