Author: Ashvin B. Chhabra
Goodreads: View Book

Download Anki Deck

Download .apkg file • 4 cards • Last updated: Dec 2025

Flashcards

1. Two Perilous Elements of Wealth Creation

What are the two perilous elements that have led to phenomenal wealth creation?
  1. Leverage
  2. Concentration

Key insight: While these elements can lead to exceptional wealth creation, they are inherently risky and can also lead to significant losses.

2. Eight Factors Behind Billionaire Exits from Forbes List

What are the eight factors that have led to the exit of billionaires from the Forbes list?
  1. Concentration
  2. Leverage
  3. Excessive Spending
  4. Taxes
  5. Family Dynamics
  6. Liability
  7. Currency
  8. Government

3. Three Needs of Every Wealth Management Plan

What are the three needs that should underpin every wealth management plan?
  1. Financial Security
  2. Maintain Living Standard
  3. Create Personal Wealth

4. Two Mistakes When Thinking About Retirement

What are the two mistakes people make when thinking about retirement?
  1. They overestimate how much money they need to be happy
  2. They underestimate how much money they will need in order to sustain their current living

← Back to Bookshelf