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Why are expensive cars expensive?

What makes a Mercedes so expensive, or a Ferrari even more expensive?
It is not the leather seating, the fancy music system, the cool sunroof, or the large display.
Of course, these things do add to the cost, but if you truly cared about these things and went about adding them separately on your own, you would be able to do it.
And you would realize that their cost is not significantly huge as a percentage of overall cost.

What makes a car expensive, then?
The engine.
The machinery.
The thing under the hood - what you and I don't often see and certainly do not understand as much.

Because this machinery makes the car stable, makes the car fast, makes the car safe, and makes the car a joyful drive.
As we upgrade to more and more expensive cars, the likelihood of a smoother drive increases.

It is the same thing with wealth.
What makes a person wealthy?
It is not the suit they wear, the car they drive, the phone they carry, or the house they stay in.
Of course, all of these things add up, but you too could buy all of these things on a loan - except that wouldn't make you wealthy.

What makes one wealthy is the engine.
Their mind.
Their mindset.
Their optimism.
Their risk.
Their passion.
Their purpose.
Things under the hood.
Things that we rarely see, and even if we see, we rarely fully understand.

So if you wish to be wealthy, realize what the wealthy mindset is.
For me, it comprises 3 things:

1/ Wealth never feels the need to show itself because it knows it exists. ​
It is the 'poor' that feel the need to flaunt.
The wealthy never do.

2/ Wealth knows its purpose is not to buy things. It is to create freedom. ​
The freedom to do what you want to do, how you want to do it, when you want to do it, and with whom you want to do it.

3/ Wealth knows it will not come by taking comfortable decisions.
Wealth loves to challenge itself, knowing very well that the odds of success are low.
Because it loves to see what lies at the other end of fear.

It is not the outcome that makes one wealthy.
It is the journey that makes one wealthy.
​(Share on X)​

Start that journey today!

Book I read this week

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Finished reading The Art of Statistics: Learning from Data by David Spiegelhalter. Super easy and fun book to read around data and conclusions formed from it.

Started and finished reading HBR Daily Leader: Everyday Wisdom for Exceptional Leadership. 365 lessons from the best articles and books on leadership, compiled into a book that's meant to be read once a day. I read all of it at once and quite enjoyed it. Some obvious but well articulated leadership wisdom. Pick it up if you are a manager or founder, or care about working well with people.

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Build An Epic Career

I received an email from a 42-year-old saying he bought "Build an Epic Career" for his daughter aged 13 years, and ended up reading it himself. In his words, "The books opened my eyes to a new way of thinking about my career. I was wrong that this book is only for teenagers."
Rated 4.8 on Amazon, the book is helping people in their 20s, 30s and 40s, and I can't be happier about it :)))

Click to check out "Build An Epic Career" - in English, in Hindi​

Question of the week

Which of these is your biggest worry with money?

• Not enough earning
• Not sure where to invest
• Investment not performing well
• Inflation being too high
• Taxes too high

(and see the results of others, too)

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Results of last week's question

Super interesting how work-life balance is important for the younger folks, continues to reduce with age, and then gains importance again after 40s!
And how company culture continues to rise up with age.

Love how almost no one cares about company growth, haha!
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​My response?​
For me it will be company growth followed by company culture.

3-2-1
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3 pics from last week

Vidur, our 13-year-old, made this Mexican Rice Bowl for lunch last week. He loves making Mexican food and is really good in general with cooking!

Was in Trivandrum last week for a corporate talk with Madura Coats, as part of their Business Conference for their leadership team. Loved my time...

Dressed in black for a wedding :)))

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2 quotes I wish to share

The best advice doesn’t instruct.
It provokes.

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When you click something on your phone you are essentially asking your brain to not remember it.

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1 new thing I learnt this week

Ferrari sold 13,700 cars last year. Market cap $90 billion.
Volkswagen sold 9 million cars last year. Market cap $40 billion.
​Source​
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🎙️ My top content from last week
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📹 YouTube:​ Stocks down, Gold Up​

📱 Instagram: Don't stop​

🐥 Twitter: Pessimistic and Optimistic about India​

🎧 Podcast: Vacation with Parents​
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You can, of course, always write to me by simply replying to this newsletter.

I love reading all your emails, even though I may not be able to reply to them all.
Yes! I READ ALL MY EMAILS. ALL OF THEM.​
​(Garmiyaan jaldi aa gayi iss saal ki kasam)

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