Mad About
Money
The
company
Mad
About Money which had kicked off with a digital monthly magazine, has now
introduced the print edition of the same name.
The
concept is totally new in India and it’s first issue had been published on Readwhere, Magzter and
some other digital newsstands. The print edition will hit the stands in April
2017.
Purple
Feather E-solutions Private Limited is the company which published the
magazine.
Mad
About Money is financial education with a difference. It aims to make financial
freedom a reality through interactive media and personal and group connect. It
is about developing a mindset apart from the general mindset – A mindset which
has made the rich rich and left the poor to remain poor.
The
story
For
generations children are groomed to study hard so that they can grow to become
"Engineers, doctors" or take up steady, secure jobs. As a result we
all grow up to work harder and harder till we drop dead and in the process
accumulate huge debts.
The
aim of Mad About Money is to make people aware of this reality…Communicate with
them what they should / should not do with relation to money, working and earning. To change their mindset
about working and earning, for complete financial freedom.
The Traditional Way to Make Money…
The
traditional way of making money is to slog at a job and take home a
compensation package at the end of the month, if you are a salaried employee,
and at the end of your assignment, if you are a freelancer or contractual
worker.
So basically what you are doing is earning
money against the time you put into your work. If you cannot devote time to the
job, you do not get paid, you do not earn money.
This
way of earning money is instilled in us from childhood and we are used to
working till it’s time to retire with a little nest egg which may enable us to
live a decent, want-free life or it may not if we have not saved sufficiently
for old age.
Vision
To make financial freedom a reality
Mission
1:
Break the myths regarding becoming
rich
The
aim of Mad About Money is to break the myths regarding becoming rich.
The
myths are:
MYTH 1: Save More to Become Rich
From
whichever financial background we may come from, our age old thinking has
always been that saving money consistently for a long time can make you rich.
Despite saving money in the bank you prefer, you have to pay the taxes. But
when you take a credit or take loans for building a house or asset or for any
other investment, you don’t have to pay taxes for that. It is due to this
reason that financial advisers across the world insist on making investments in
stocks and mutual bonds you may end up gaining more money and the tax rates
would also be lower.
MYTH 2: You Need Good Luck to Be Rich
This
is one of the most popular myths related to rich people. The richest people are
categorized on this perspective that it is their luck that made their journey
to the top the most comfortable. But when you look closely at the stories of
most of the rich men it will be surprising to find that luck has fewer roles to
play in it.
MYTH 3: You Need More Money to Be Rich
Well,
it’s not more money that makes you rich but it is the worth of your possessions
that makes you rich. The richest people in the world do not consider money as a
possession they consider it as an idea.
Task
ahead
The
company will continue its efforts to educate
people about the Tips & Tricks towards complete Financial Freedom!
Avenues
through which it plans to do it are :
Magazine
Website
Newsletter
Webinars
Seminars
Workshops
Books
for schools/colleges
