Books Money Works: The Guide to Financial Literacy Book by Abhijeet Kolapkar

"Money Works: The Guide to Financial Literacy" by Abhijeet Kolapkar is a comprehensive and accessible book aimed at helping readers understand and take control of their personal finances. The book is structured into seven parts covering essential topics such as financial literacy basics, financial planning, insurance, debt management, investments, the stock market, mutual funds, and financial frauds.

Kolapkar, a seasoned chartered accountant, simplifies complex financial concepts using clear language, relatable anecdotes, and practical examples, making it suitable for readers from all backgrounds. Key lessons include maintaining a daily expense diary, creating an emergency fund covering at least six months of expenses, distinguishing between needs and wants, managing debt wisely, and making informed investment decisions.

The book emphasizes the importance of regular financial reviews, open communication about money with partners, and long-term financial planning to achieve goals like buying a home, funding education, or retirement. It also highlights the role of insurance in protecting against unforeseen risks and provides guidance on avoiding financial scams.

Overall, Money Works serves as a practical roadmap for anyone seeking financial independence, offering actionable advice to build wealth, manage money responsibly, and live a contented life with financial confidence

1 BOOK