Ankur Warikoo’s “Make Epic Money” is my first read, consciously skipping his books like “Do Epic Shit” and “Get Epic Shit Done,” which are more focused on those in their early 20s.
Despite having more pages, reading “Make Epic Money” felt like chatting directly with Warikoo. The writing was clear and easy, making the reading fun. It was like going on a personal adventure, with Warikoo’s voice making the story relatable and cool.
Key Principles by Ankur Warikoo
Build Multiple Income Streams
Ankur recommends having different ways to earn money. For instance, you can make extra cash using your skills in digital marketing, content writing, dancing, cooking, blogging, or creating content. This extra income makes sure you’re not only relying on your main salary. These different sources can really help you do well financially by giving you a strong and diverse income.
Smart Investing
Ankur’s smart investing tips include practical advice even if you have a 10k salary. He suggests following the 50/30/20 rule for savings—put 50% on necessities, 30% on wants, and 20% into savings.
When it comes to investing, Ankur breaks it down. He talks about investing in stocks, mutual funds, and real estate, aligning them with what you know. He also discusses whether or not Fixed Deposits (FDs) should be part of your investments. Ankur’s approach makes building a strong and profitable financial future straightforward.
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Smart Money Moves for Your 20s: Credit Cards, Housing, Cars, and Quick Tips
Ankur simplifies money decisions for those in their 20s. First, he guides you on handling credit cards wisely—avoiding debt and maximizing perks.
When it comes to housing choices, Ankur breaks down the buy-or-rent dilemma. He gives practical advice on the financial side of both options to make your decision easier.
Thinking about assets and liabilities? Ankur makes it easy to understand these terms, especially in the context of buying a home or a car.
And speaking of cars, Ankur guides you on making this decision wisely, considering the financial impact and whether it’s an asset or liability.
For all you twenty-somethings, Ankur has key messages. From saving money to trying different ways to earn and making smart investments, he provides straightforward advice for a financially secure future. So, whether it’s about credit cards, finding a place to live, managing assets and liabilities, or getting a car, Ankur’s tips are your roadmap to financial clarity.
is it Better than Kiyosaki’s Rich Dad Poor Dad?
“Make Epic Money” by Ankur Warikoo and “Rich Dad Poor Dad” by Robert Kiyosaki both teach about money but in different ways. Ankur talks like a friend, especially to people in their 20s, sharing tips on making money and investing.
On the other hand, Kiyosaki tells stories to explain money ideas. Ankur is more direct and suits younger readers, while Kiyosaki’s stories are for everyone. Pick the one that talks to you in a way you like and helps you understand money better.
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In conclusion, “Make Epic Money” by Ankur Warikoo is a friendly and clear guide to financial wisdom. It makes learning about multiple income streams and smart investing enjoyable. Comparing it with Robert Kiyosaki’s “Rich Dad Poor Dad” shows different styles in finance advice.
Whether you like Ankur’s direct approach or Kiyosaki’s stories depends on your preference. Both books help navigate money complexities. Choose based on what resonates with you and your financial goals.
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