The Dhandho Investor


Someday while cleaning your wardrobe if you find some notes lying (not the old thousand rupee notes obviously but the pink ones). How happy does it make you feel? What feelings strike to your head immediately? You can keep this money for your next vacation planning or you may keep it safe as an emergency fund etc. We want you to save money not just accidentally but purposefully.

“The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.” —T.T. Munger”

There are no trees bearing free cash or there are no rains of rupee happening from the open sky into our wallets. This reminds that we have to live in our budgets and save money for the future. For this very reason, we are listing a few ways of making you start saving money today itself. Some of them might just take a minute to implement. While others may require serious efforts from your side. But we’ll say try these tactics at least once and mark the difference in your monetary lives.


10 Ways to Save Money

1. Turn your TV OFF

TV according to us is an evil necessity of today’s society. We never ever had a TV in our home, not even in the living room. It saves us our money and our time which we utilize in doing something productive. Maybe if we had a TV set at home, we would not have worked on our blogging projects such as DhandhoInvestor & SoftParenting.

We remember our parents’ habits on TV. The moment they used to enter home from the office, they used to switch on this box until they fell asleep. Was merely sitting on the couch and changing channels helping anyways at all? In fact, was only contributing to our household monthly bills (cable plus electricity both).

Let us share some data with you all. The renowned rating agency CRISIL, in a report in February 2019 said, that the new TRAI regulatory framework is estimated to surge the monthly TV bills of the majority of subscribers by around 25%

Let’s do an exercise for you. Please check how many total TV channels are there on your TV. You’ll be surprised to find it close to hundreds. And, you’ll not be able to count even ten that are of interest to you. You may decide to cut off the cable expense and put the TV in the store room. Or sell it to someone who needs it and earn money instead.

2. For shopping, Always make list and stick to it

We know this could be tough, especially for a gentlelady. But trust us, once you begin to apply this rule of shopping you’ll start seeing the changes yourself.

Also Read: The Reality of Being Self-Employed

Make a list of items to be bought before going shopping and please for God sake STICK TO IT! You’ll observe yourself being away from any impulsive buying and looking only for the articles mentioned in your list. This saves your money and wandering around time too.

3. Invite Friends home instead of Chilling out

Friends are everybody’s lifelines. In our good or bad times, they are the ones always ready to be there.

Call the friends to your home for occasional get together instead of meeting outside in a café of a mall. This way you can spend more quality time with your friends without any external disturbance. Your expenses are also cut down to a large extent when you plan your gatherings at home.

4. Drink Plenty of Water

Drinking water in huge quantity has a lot of benefits to our health, skin, and metabolism. Did you know it can also make you spend less money?

Let us share our own story. There was a time when Vikas used to feel hungry and empty stomach at lesser intervals of time. He wanted to munch on something at those times. When he was in office, he could not grab something from the kitchen and satiate himself as at home. Being outside he used to end up buying some packaged food or ordering from an eating joint. Firstly he used to stuff himself with junk food and secondly he spent unnecessary money on the same.

To counteract the same, he began drinking lots of water and he would not feel empty all the time. He is able to avoid the little hunger pangs easily. And of course, avoids the thoughtless ordering of food as well.

5. Maximize the End of Season Sales

Plan your shopping such that you visit your favorite brand store when they offer End of Season Sale. Here also you may follow the shopping list rule. Prepare a list of items needed and stick to them only. Just try to go to store well early during the season’s end sale, or you might face little problem finding the best sizes.

6. Avoid Mall for Grocery Shopping

Grocery is something that we require bi-weekly/monthly (as the buyer prefers). When we go to the fancy super-marts in big malls and we see all the racks stacked beautifully with some random items. We tend to buy more than what we had gone to buy exactly. Sometimes completely irrelevant shopping is made at super markets which are not our need at all.

Also Read: Importance of Books for Investors and Entrepreneurs

It’s advisable to do online shopping for grocery. It saves time, gives a big discount on the retail price, door step delivery and most importantly helps you avoid impulsive buying.

We also used to love doing our grocery shopping at Spencer’s. But when we realized that we have stacked out kitchen and store room shelves just as to make it look like mini spencer’s. We quit!

We now buy your grocery from amazon pantry from 1st-7th of every month.

7. Apply 10 Seconds Rule for Impulse Buying

When we go to a market, it happens with all of us that we want to buy something.

Before making the final purchase, just think for ten seconds for what’s the need and use of the item immediately. Straightaway, you’ll have your answer in mind. And we can bet, 85% of the times you’ll walk away after exercising this on every such impulse.

8. Take your lunch along at Work

How many of you take your lunch along or it is provided in the pantry at work? If you do take your lunch along at work, you’re saving $65-70 every month.

When we buy the lunch outside, it always costs hefty as compared to a home-made meal. While eating outside, we’re not considerate of the amount of junk you consume. Later on, the health problems that junk food brings in costs another bill at the hospital. So, packing lunch for work has double benefits in terms of health and money.

9. Start Gardening

We both love gardening. We have a small garden but we have so many vegetables growing in it. We have tomato, spinach, fenugreek leaves, coriander leaves, chilies, lemon, curry leaves, Chinese oranges, etc. growing in our garden. We don’t buy them from outside at all.

Also Read: Don’t Try to Saw Sawdust

We are eating organically home-grown vegetables that too for free.

 10. Use Public Transportation or CarpooL

We know this is a bit of a hassle initially, but trust us this method of commuting is the best. You save a lot of money spent on your car’s insurance and continuous maintenance.

By using public transport, you are lessening the pollution and contributing one less car to the traffic on roads. The cherry on the cake is: you save a lot of money at the end of the month.

Okay so, these are few simplest ways via which we save money and invest for a greater good. Let us know your saving tips and tricks in the comments section below.

We’ll love to hear your tricks too.

Keep Saving, Keep Growing!


Vikas & Khushboo


“Books are a uniquely portable magic.”

― Stephen King

We were thinking of what should be the topic for this very article which puts itself forward to tell you what we love talking about. Three things popped up straight to mind: Investment, Business, and Books. So, we’ll tell you about a few books that have proved to best suit for the Investors and Entrepreneurs in both of us.

“Outside of a dog, a book is a man’s best friend. Inside of a dog, it’s too dark to read”

This wise quote is given by Groucho Marx emphasizing on the importance of books in one’s life. When books on money matters are read, people understand that nothing could become a better friend of an investor than a Finance Book.

We read a lot of books and share knowledge with each other. Very often it happens that we’re asked for recommendations for the same. As when you enter a search on Amazon for finance books, you’ll get around thousands of search results coming up. This will certainly make you confused as to where in the world do you begin from.

We’re trying to list down some of the books that have a really good influence on our lives in terms of investments and businesses that we’re carrying on. We’ll keep updating this list whenever we find a must-read, make sure to come by in the future and check what’s new has been added for you to explore.

The Dhandho Investor: This is a small book which lays out the framework for value investing very strongly. This book explains a comprehensive guide on how the Patels of India are doing the asset allocation into their businesses and how the same guidelines can be successfully applied in the stock market as well. The Patel community, which is proven to be the best businesses men of all in India have some real good sense of conducting businesses and allocating funds in them.

This quality is a lot crucial to an investor as well while investing in the stock market because value investing is about seeing things everywhere in life as risks vs rewards. When the reward of taking action is much greater than the risk, it makes sense to do it. Heads you win, Tail you don’t lose much. It is true in investing. It is true in entrepreneurship. It is true in business.

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Rich Dad Poor Dad: The first feeling you’ll have after reading this book is, “I’m Inspired”. Rich Dad, Poor Dad makes you completely rethink of how money works. For example, instead of seeing an asset as something with value, this book describes an asset as something that generates cash flow in turn. In short according to this book, your home can not be considered as an asset. This book basically talks of a child who have had great influence of two men in his life. The lessons he learns from his idols are as follows:

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Lesson 1: The Rich Don’t Work For Money

Lesson 2: Why Teach Financial Literacy?

Lesson 3: Mind Your Own Business

Lesson 4: The History of Taxes and the Power of Corporations

Lesson 5: The Rich Invent Money

Lesson 6: Work to Learn – Don’t Work For Money

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7 Habits of Highly Effective People: This is one such book which leaves a great impact on one’s mind and soul as to identify their own vision, principles and values of life and how does it affect our life once it has been made a part of our habits. This books of seven great habits that make anyone successful in their lives and these are:

  • Being Proactive
  • Begin with the end in mind and behave/react
  • Put first things first
  • Think of Win/Win
  • Seek to Understand first and then to be Understood
  • Sharpen the ‘Saw’

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The One Thing: FOCUS, what do you understand by this word? We believe you’ll all say determination to do something. Yes, it’s determination to do that “One Thing” so nicely and precisely that you become a master of the same. You don’t see Mark Zuckerberg busting through his shirt because if he dedicated his daily hours and focus to his workouts, he just would not be Mark Zuckerberg. This book forces you to find that “One Thing” of your life and just hammer on it. We personally like few lines of this book, these are:

  • “It’s not that we have too little time to do all the things we need to do, it’s that we feel the need to do too many things in the time we have.”
  • “When I first began to time block, the most effective thing I did was to put up a sheet of paper that said, “Until My ONE Thing Is Done—Everything Else Is a Distraction!”
  • “FOUR THIEVES OF PRODUCTIVITY Inability to Say “No,” Fear of Chaos, Poor Health Habits, Environment Doesn’t Support Your Goals”

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The Intelligent Investor: When Sir Warren Buffet describes a book as “by far the best book ever written on investing”, it is probably the most important and influential value investing book ever written by Benjamin Graham. Benjamin Graham via this book has tried putting hard core concepts of investing in simple terms that can be understood and more importantly can be implemented as well by an average investor. This book talks on six key principles of intelligent investing as Graham details six key ideologies of “intelligent investing”:

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  • Know the business you’re investing in
  • Know who runs the business
  • Invest for profits over time, not for quick buy-and-sell transaction profits
  • Choose investments for their fundamental value, not their popularity
  • Always invest with a margin of safety
  • Have confidence in your own analysis and observations

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The Richest Man in Babylon: This book takes you through different stories in the Babylonian days, which are full of learning as to how a man grows in life with their right investment decisions. There is a story of a young man who is seeking to learn how to become rich from a millionaire, in the process he learns of some timeless and ever applying rules to wealth which anyone can learn and apply to theirs as well. The young boy actually gets rich at a point in life and thanks the rich guy for his lessons. We would like to share some lessons learnt with you all too:

  • Spend Less Than You Make. Save and Invest The Difference.
  • Use Saved Money To Make More Money
  • Only Take Advice From People Skilled In That Field
  • Only Invest Your Money In Industries and Skills You Are Very Familiar With Or You’ll Lose Your Money
  • Don’t Wish For A Lump Sum of Cash. Work To Achieve A Consistent Cash Flow Instead.
  • You Will Lose Money If You Put It To Foolish Use
  • Put Away 10% of your Earnings and You Won’t Even Notice A Difference in Quality of Living
  • Invest in Your Ability To Earn More

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The One Minute Millionaire: This book when you start reading at first may get you confused because of its two sides: one fictional and one non-fictional. Both the sides have a similar motive for the readers to acquire a clear mind-set of an enlightened millionaire in order to achieve wealth and financial freedom.

Also Read: Do’s and Don’ts while investing in Share Market

The story takes you through the journey of a woman who at the moment starts feeling good about her decisions begins to make one. The book talks primarily about the importance of ‘generics’ for example personal attitude, influence, networks and marketing. The phrase “Attitude Matters” is the shortest summary for this book and is a must possessed quality for everyone who wants to become successful in life. This book has personally altered both of ours attitude towards life and success in life.

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One up on Wall Street: The ultimate knowledge that I could receive from this book is the basis of practically every big investor. All of them recommend for focusing on what you know. Look for investment in companies and industries that you’re familiar with. Listen to every body’s recommendation but follow your own beliefs and knowledge.

This book written by Peter Lynch provides a fair knowledge on investment for people who don’t know the ABC of business or investing. As he always emphasises on the daily observations of life for selecting a good stock. The book focuses on observing the companies that look promising to surge in areas of products widely used. And, eventually investing in those companies’ stock only.

Peter Lynch’s book also believes on the idea of “ten baggers”. This represents those stock which increased tenfold from the time of their investment. He recommends an investor to look for such ten bagger stocks.

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Common Stocks & Uncommon Profits: Philip A Fisher is the writer of this book on the topic of investment. He believes in buying the quality stocks, and does not mind paying a fair price for them. He holds the stocks for several years (sometimes decades) and relishes the benefits of compounding.

Fisher’s approach to investment is known as ‘scuttlebutt’. This means applying detailed interviews with shareholders, the suppliers, customers, investors and employees, and competitors about a company’s forecast. The author in this book, explicitly mentions “What to Buy” and “When to Sell” chapter wise.

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Hoping this write up shall surely bring some positivity in its reader. If you’re an investor or a business personnel, you should consider having these books in your bookshelf. Sometimes these books become the driving force for us to do something good with our business and investments. Sometimes, a learning from the book touches your heart and soul so deeply that you want to change the way you’ve been living till the time. Books are life-changing. Experience them by embracing them in life.

Good Luck!

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