A story that will change your view on finance

In today’s world, financial planning is a necessity, not a luxury. This story : The 3 Rich Brothers gives a simple yet powerful message: making money is easy, but managing it is an art. Three brothers, same salary, but different thinking and the result? The whole difference of a life!

They became successful doctors, earning an annual income of $200,000 each. However, the three brothers had very different approaches to managing their finances.

Teenage doctor, teen thinking who became financially smart?

Brother NameInvestment %Spent %Net Worth (After 40 Yr.)
James Rich60%40%$33.6 million
Michael Rich30%70%$16.8 million
John Rich0%100%$0 (till inheritance)
The Story of 3 Rich Brothers The Biggest Lesson in Financial Planning

James secured his future with aggressive investments. Michael built up a balance. And John gave up all the money and left the future empty.

When Life Took a Turn James’ Unexpected End

Just 2 months after retirement, James died in a car accident. His $31 million estate was legally transferred to John’s name who never invested a dime!
John was shocked, but he learned. With the help of financial advisors, he began investing wisely and secured his future.

Moral of the Story Invest Wisely, Live Fully

  • Life is unpredictable. Start planning yourself today
  • Focus not just on earning, but also on compounding growth
  • Maintain a healthy balance: Have fun while investing

Compare personal loans here to start your financial journey wisely!

FAQs : Financial Planning by India

Financial planning means planning your income, savings, investments and expenses in a way that it gives you a stress-free life in the future. Every Indian should know how to manage their money wisely.

The sooner you start, the better. Start with SIP or FD from your first salary itself so that you can get the benefit of compounding interest.

Mutual funds through SIP, PPF, fixed deposits and ELSS are the best tax-saving options for beginners. The risk is low and the returns are good in the long term.

No. Saving is important, but its value depreciates due to inflation. So, investing is equally important.

Follow the 50-30-20 rule: 50% needs, 30% wants, 20% savings/investments. This way you can enjoy life and your future will also be secure.