*Summary of How to be Financially Successful* • Have a PLAN. Jumping ships does not work. Today one asset, tomorrow another. Today stocks, tomorrow crypto, day after real estate. This will cause harm in greater ways than you can imagine. • Diversify sensibly. Never over-depend on any asset class. Neither should your FDs have extraordinary allocation nor should stocks. Limit allocation to any asset class to 20-30%. • ⁠While investing in the markets pick dependable stocks and sectors that have the ability to last long and are less vulnerable to technological changes. Never run after that which is in the limelight and whose prices are going up madly. • Don’t focus on what analysts on business channels and self-proclaimed experts on social media are saying. They will always speak about what’s in trend, and whatever is in trend is rarely good. Bonds were the passion post the Great Depression in the 1930s and after the 2007 crisis. Everybody — including the most educated of analysts — had written off stocks. Meanwhile that was the exact time to pick stocks. Then, stocks became the passion in the 1970s and late 1990s, but they ended up severely destroying wealth. • ⁠Be careful of ‘too much information.’ Humans are poor processors of information. We only pick what suits us, what we understand, and what we prefer to believe. So limit the inflow of information and simplify things.