About Me

At 45+, with over a decade-long journey capturing financial insights and experiences, welcome you to GetMoneyRich.com (read on Google News). The domain name might raise an eyebrow, but let me assure you, it’s not about quick fixes or overnight riches. It’s about laying the groundwork for enduring wealth, nurturing the seeds of financial independence, and sculpting a secure future (read more about how this domain has evolved in the last 16+ years). As Robert Kiyosaki said in his book, “Often, the more money you make the more money you spend; that’s why more money doesn’t make you rich assets make you rich.

About Me Mani
Manish Choudhary (Mani)

When I stumbled upon this domain name in 2008, I was reading the book “Rich Dad Poor Dad,” by Robert Kiyosaki. It felt like destiny knocking. But behind the flashy moniker lies a deeper ethos. I am committed to demystifying the world of finance. I have been trying to foster long-term investment strategies, and advocating for prudent financial habits.

My journey into this niche wasn’t born out of coincidence. It was a deliberate choice fueled by a burning passion for financial independence and a thirst for relevant knowledge. Every article penned, and every analysis conducted has been a step closer to unraveling the intricacies of wealth creation. I have made it a point that my every learning and insight will be shared with my readers.

Through GetMoneyRich.com, I strive to transcend the noise of get-rich-quick schemes and focus on the pillars of sustainable wealth-building. It should start with budgeting, saving, responsible investing, and holistic financial well-being. It’s not just about accumulating wealth; it’s about nurturing, protecting, and leveraging it to craft the life you envision.

I’ve seen and survived two market crashes, the 2008 mortgage crisis, and the 2020 Covid-led crash. My expertise in this domain isn’t just theoretical; it’s rooted in real-world experiences, trials, and triumphs. From navigating market fluctuations to dissecting investment fundamentals, I’ve honed my skills through years of hands-on exploration and practice.

Topics:

Point #1. Personal Journey

Point #2. Expertise and Authority

Point #1. My Journey

Born with a fascination for mechanics, I embarked on a journey as a mechanical engineer. But amidst the whirring of machines, I found myself drawn to the rhythm of finance. For me, it was a world teeming with untapped potential and boundless opportunities.

My journey, from being an Engineer to a Finance blogger, has been one of evolution. It is driven by a relentless pursuit of knowledge leading to financial independence. It all began with a simple curiosity, a desire to understand the mechanisms behind wealth creation and the intricacies of the stock market. It was during those initial forays into finance that I realized the transformative power of financial literacy.

It all began with this website (getmoneyrich.com). For me, it was a platform to document my musings on the intricacies of finance.

#1.1 Connecting Finance & Operations

My early stint at Tata’s (2001 to 2005), as a graduate trainee, helped me in my transformation from an Engineer to a Finance Blogger. I was curious to understand the relationship between “business operations” and the final “financial statements”. As a graduate trainee, I used to walk kilometers each day on the shop floor to understand the details of the operations. Then, back at home, I was trying to visualize how operation activities are getting converted into cash flows. There, I could understand how the assets of the plants are used to render sales and eventually into profits and cash in-flows.

Though it may sound logical and easy now, back then, for a person in his mid-20s, establishing the correlation between business operations and cash flow was complicated. It took me several years to get a grasp of this concept. I poured my heart and soul into establishing the link between business operations and its finances. All this was driven by my insatiable thirst for financial knowledge.

#1.2 My Journey

I started my financial blog in 2008. At that time the world encountered the 2008 financial crisis. It was like a baptism by fire that also tested my resolve. How? I was not only blogging but I was also investing my money in stocks, mutual funds, and debt plans. I used to share my experiences and evolutions through my blogs. It all started like this.

Over time, I fortified my commitment to mastering the art of wealth creation. Through careful research and determination, I weathered the storm of the 2008-09 crisis and emerged stronger. Now, I was armed with more insights gleaned from the crucible of adversity like a market crash.

In 2020, when the COVID crash came, I was like prepared to reap the benefits of all that I have learned about stock investing over the years.

#1.3 Curiosity About Financial Statements

With each passing year, my passion for finance deepened, propelling me to delve deeper into the realms of investment analysis and fundamental research. From scrutinizing balance sheets to deciphering market trends, I immersed myself in a world where numbers started telling stories about companies.

Each article I penned, and each analysis I conducted, was fueled by a thirst for knowledge and a desire to empower others on their financial journeys. From dissecting the nuances of market trends to unraveling the complications of fundamental analysis, I worked till it became clear that data held the keys to wealth creation.

#1.4 New Profession

And then, a pivotal moment happened in 2017. It was the crossroad that would shape the trajectory of my life. Faced with the choice between the familiar comforts of engineering and the uncharted waters of finance blogging, I took a leap of faith. With unwavering conviction, I bid farewell to the world of gears and grease, embracing a new chapter as a full-time finance blogger.

Today, as I reflect on my journey, from mechanical engineer to finance aficionado, I am filled with gratitude for the patch I have taken. Through triumphs and tribulations, getmoneyrich.com has emerged as one of the most reliable knowledge banks for finance enthusiasts. For starters, it is a knowledge bank in the vast expanse of finance. It’s a testament to the transformative power of passion, perseverance, and purpose.

But my transition from mechanical engineer to full-time finance blogger wasn’t merely a leap of faith. It was a calculated decision rooted in years of hands-on experience and a deep understanding of market dynamics. With each passing year, my expertise grew, buoyed by real-world successes and tempered by inevitable setbacks.

#1.5 The Present

Today, as an investor and finance blogger, I wear my experiences like badges of honor, each one a testament to the journey that brought me here. My readers have told me that GetMoneyRich.com stands as a source of financial wisdom. It is a testament to the power of perseverance, passion, and unwavering dedication.

Through my journey, I hope to inspire others to embark on their path to financial enlightenment. They must be armed with the knowledge and confidence to navigate the complexities of the financial world. It’s not just about building wealth; it’s about building a legacy, one prudent investment at a time.

Point #2. Expertise and Authority

I think it began in 1991 during my senior school years. Though I was not consciously aware of this fact, perhaps it was happening on a subconscious level. I used to find the subjects with numerical components more satisfying. But among these number crunching, I also used to like economics. Little did I know that it was the first hint of my inner passion for finance, investment, and long-term wealth building.

I suppose, the foundation of my becoming a finance blogger who will also one day write a stock analysis algorithm started so early in life. My liking for Maths, Physics, Economics, Spreadsheets, and logical thinking were paving the paths for my future.

#2.1 Profession and Finance

By 2001, I was a graduat with a Bachelor’s in Mechanical Engineering. It was an important year for me as I completed my Bachelor’s and also secured a Third Rank in the University for it. Everyone expected me to pursue a career as a mechanical engineer, though my career started in a small marketing first. I was awaiting my big break.

Later in 2002, I joined the Tata Group Company as a Graduate Trainee. It was a significant milestone in my career. Though my role here was of a Project Manager, I also delved into corporate finance principles. We were trained in all aspects of business (TBEM). There, I first got my exposure to financial statements like annual reports, balance sheets, profit & loss accounts, cash flow statements, etc.

Working in the Projects Department exposed me to both the engineering and finance side of the business. I used to prepare feasibility reports for the envisaged projects. Once the project reports were ready, we used to present the report to the managing board of the company. The report highlighted the Return on Investment (ROI) Payback Period, and Internal Rate of Return (IRR). The concepts like IRR exposed me to the concepts of Net Present Value, Discount Rate, and DCF Model very early in my career.

I also got a peek into the financial side of project management after the project approval stage. I was not only preparing the project specifications but was also floating the tenders for techno-commercial offers. Technical and commercial offer evaluation was also the responsibility of Graduate Trainees.

One of the biggest projects that I handled at that time as of a Refractory Cement Plant whose basic engineering was done in Germany. I was also deeply involved in the final negotiations, order placements, and final execution (civil, structural, equipment installation, and final commissioning). For a Graduate Trainee, this kind of exposure to all aspects of project management was priceless.

This type of exposure allowed me to see a manufacturing step up both from a Mechanical Engineer’s perspective and also from the Top Manager’s Perspective. During the project execution, as cost tracking and control was also the responsibility of the Project Team, this profile not only made me the Project Manager but also a cost controller.

It was a tough job, but the value addition it had in my professional upbringing was invaluable.

#2.2 Principles of Warren Buffett & Kiyosaki

It was in 2003 that I received the book “Rich Dad Poor Dad” as a birthday gift. It was the book that transformed my perspective on personal finance and investment. Drawing parallels between Kiyosaki’s teachings and my experiences at Tata, I realized the importance of working smartly to achieve financial independence and long-term wealth.

In 2008 I first heard about Warren Buffett. At that point in life, my focus changed from Kiyosaki to Buffett. I was learning about the best ways to invest in stocks and I stumbled upon a concept called Value Investing. While I was learning about value investing, I heard about a book called “The Intelligent Investor” by Benjamin Graham. Mr. Graham eventually led me to his protégé Warren Buffett and the company called Berkshire Hathaway.

Berkshire Hathaway ultimately opened for me the storehouse of knowledge about stock analysis and value investing in general – Warren Buffett’s letter to the shareholders.

#2.3 Embracing Blogging and Investing

Following the wisdom of Kiyosaki in Rich Dad Poor Dad, I launched my blog GetMoneyRich.com in 2008. It was my independent endeavor to build a supplementary income source.

My blog also served as my avenue for delving into the realms of personal finance and investment. I used to read, learn, and then implement the ideas in the real world. Whatever was the final learning from the experience, I used to blog about it. It all started like this. My blog was my journal where I was documenting my learnings and experiences. Read more about our editorial process.

As I explored various financial topics, my focus gradually shifted towards stock investing. It was fueled by my inclination to analyze financial statements during my tenure at Tata’s. During this time, I was introduced to the principles of Warren Buffett, whose philosophy resonates deeply with me even today.

In January 2008, the world markets saw the aftereffects of the subprime mortgage crisis (of the US). Amidst the backdrop of a tumultuous market, with the Sensex plummeting from 20,600 to 8,600 points in 12 months. In this period, I embarked on my maiden voyage into equity investing. I purchase my first stock.

Subsequently, I diversified my portfolio with other stocks and mutual funds. Despite my modest financial means, I remained steadfast in my investments. I was also diligently documenting my journey through my blog posts. During the next 7 to 8 years, I carefully built my stock portfolio.

While initially adopting a trader’s mindset, my readings on Buffett instilled in me the wisdom of long-term investment strategies. I gradually learned to play within the limits of valuations and business fundamentals.

I also learned why long-term holding of stock holdings is a must. I observed that, the inherent nature of my profession in project management within the steel industry. I understood the prolonged gestation period of projects (3 to 4 years). This way I recognized the futility of expecting immediate returns. It reinforced the rationale for the patient and enduring stock investments.

#2.4 Cash Flow & Working Capital Sensitivity

Venturing into Danieli, a renowned Italian company, marked another chapter in my professional journey. Much akin to my tenure at Fives Stein, my role primarily revolved around overseeing multiple turnkey projects within Steel Plants (mainly rolling mills & some time the processing lines).

Deepening Insights into Business Operations – Amidst these responsibilities, a pivotal shift occurred as I delved deeper into interactions with top-tier management. This engagement afforded me invaluable insights into their strategic approach to business operations. Here, I witnessed firsthand the meticulous attention bestowed by the top managers on specific activities. Their focus on cost management, cash flow optimization, milestone attainment, and schedule adherence illuminated the multifaceted intricacies of effective business management.

Working Capital

Amidst these immersive experiences, a profound realization dawned upon me regarding the pivotal role of working capital in sustaining business operations. Initially, I used to question the rationale behind the delayed vendor payments despite substantial monthly profits. However, armed with a comprehensive understanding of the company’s financial statements, I could unravel the intricate dynamics of working capital management.

With each passing project milestone, I found myself dissecting the components of working capital and discerning their profound impact on the company’s financial health. From accounts receivable and inventory turnover to accounts payable and cash conversion cycles, each facet of working capital assumed newfound significance in my professional repertoire.

As an Engineering Project Manager entrusted with the execution of critical projects, this newfound view on working capital management gave me a new angle to see businesses. Now, I realize how the Finance and Accounts department sees the whole project (from a cash flow angle and working capital angle).

By integrating engineering acumen with financial visibility, I could cultivate a more holistic approach toward project management. It was an approach that transcended traditional boundaries and fostered a more holistic perception of a business.

Cash Flow and Working Capital

Within my company, I could see how high cash outflows and low cash inflows affect the company’s working capital. In some cases, low cash inflow was unavoidable. I could now correlate how availing debt can optimize working capital management by providing immediate access to funds for operational needs.

I was also able to realize that debt is not always bad for a business. It bolsters liquidity and bridges cash flow gaps, facilitating timely payments to vendors and suppliers. This strategic use of debt ensures uninterrupted project execution while preserving financial flexibility and minimizing liquidity constraints.

This way, blending finance with project management helped me see a more complete side of business. This awareness ultimately helped me while I was coding an algorithm for doing a fundamental analysis of stocks.

#2.5 Building My Finance

By 2011, my blog was generating a decent passive income for me (Adsense). I used to blog on weekends and it was like a stress buster for me. During the next several years, the side income from my blog would gradually increase. A stage came where a good portion of my expenses were catered by the blog’s income. The savings on my salary income were used for investing.

Inside my brain, the above income, expense, savings, and investment structure have already started to give me the feeling of financial independence. In the later stage of life, it also proved that my mind-mapping was showing me the right direction.

About Mani - Mind map of income savings portfolio

In 2017, I finally left my job and started working for getmoneyrich.com full-time. The transition from working part-time for getmoneyrich.com to full-time was a big decision. But it was time when I had to make the switch because the website was growing fast and it needed more involvement.

Moreover, this move was a major step towards financial independence. But it also had its disadvantages as well. There were two main drawbacks to this decision.

  • First, I needed a liability-free home where I could live with my family without worrying about rent or loan EMIs. I even wrote a blog post about it (rent vs buy decision over a house).
  • Second, I will need to liquidate my whole investment portfolio to buy a house and create an emergency fund. I needed an emergency fund parked as cash in my bank deposits. It was a necessary step to give confidence to my family that it was safe for at least the next few years.

Buying a house for self-occupation was a fairly easy decision. I had the funds and my family was also happy about it. But liquidating my investment portfolio was like liquidating my years of effort to build it.

I was not so much worried about the cash post leaving the job. I was fairly confident that I could elevate the income from my blog to take care of the family expenses. But selling my portfolio holdings was a tougher decision to make.

Eventually, by the time it was my last few days in the job, I had a new home (loan-free) and a decent cash balance in my bank. When that happened, I actually realized how these three decisions (investments, blog monetization, and a 1BHK property investment) helped me to take a step closer to financial independence.

About Mani - Mind map - Path to Financial Independence

Today, my blog takes care of the cash flows needed to manage regular household expenses. Over time, as my blog and my product (The Stock Engine) have matured, blog income has become more stable. Now, I can use a part of my emergency funds, also monthly savings, so re-built my stock portfolio again.

I assume I have another 20 years ahead of me to build a sizeable investment portfolio. My ability, my current asset base, my blog (getmoneyrich.com), and my ever-evolving stock portfolio, give a strong hope that I will achieve financial independence during this period.

Earlier, as a dependent I was on my job for regular income, today I’m in a similar place with my blog. But the only difference is that, now I’m my “own” boss. I’m able to navigate my work in the direction of my goal as per my beliefs and principles. Touch wood.

#2.6 My Credentials

My credentials as a reliable finance expert:

  • Written 500+ number blog posts on a broad range of topics (see here).
  • Been reading and writing blog posts on personal finance & investment for the last 16 years.
  • Prepared multiple Excel-based products to analyze stocks, compare mutual funds, track expenses, loan prepayment calculator, etc (Check free online calculators).
  • Coded an ever-evolving algorithm for my Stock Engine, a fundamental analysis tool that can screen and score more than 1300+ number stocks.
  • Have taken up multiple courses on the general topic of finance, investment, and stock analysis.

Have a good time. Thank You.

Suggested Reading:

Picture of MANI

MANI

Manish Choudhary (Mani), a mechanical engineer turned finance blogger and investor, founded GetMoneyRich.com to empower individuals on their journeys to financial independence. With over 16+ years of experience as a financial blogger, value investor, and developer of stock analysis algorithm, Manish leverages his knowledge and real-world experience (including building a stock analysis algorithm) to create insightful content and tools to help readers navigate the complexities of the financial world...read more about Mani

About Me

With over 16+ years of experience as a financial blogger, value investor, and developer of ‘stock analysis algorithm’, I leverages my knowledge and real-world experience…read more about me

Recent Posts

Follow Us

Product

Stock Engine

Stock Screening & Fundamental Analysis Tool