AURO UNIVERSITY

CBCS: PERSONAL FINANCE AND INVESTMENT

MANAGEMENT
MODULE LEADER: Dr. Meghna Dangi

GROUP MEMBERS:
Raj Gajera, Dhruvin Babariya, Hitharth Parsana,
Devanshi Bhajiyawala, Khushi Budhia

TOPIC
Book Review
 ZERO EMI: UNLOCK
BOOK REVIEW

YOUR FINANCIAL
FREEDOM
Ra Ma. Palaniappan
Key talking
points PRESENTATION
FRAMEWORK
Overview
About the Author
Why he wrote this book
Any other book written by author
Bestselling or not reviews by other people
Other books written by author
How big people/ experts have review the books
How many chapters
chapter wise summary
Foreword
key takeaways from our member
PERSONAL FINANCE AND
How will we implement learnings in our life
INVESTMENT
Will we recommend or not
MANAGEMENT
OVERVIEW
Are you happy with the way you are handling your
finances? Research says that 90% of the people work for
EMI and not for anything else. People stick to their job
because of the EMIs they must pay. Are you one among
them and want to get rid of your EMIs? Are you looking for
ways to achieve Financial Freedom? Do you want to be
organized and manage your finances better?
Zero EMI has the answers to all your questions and will help
you control your finances, instead of being controlled by
them.
The author explains the concepts in simple English with the
use of his personal stories and the stories of his friends. The
book offers practical personal finance tips for salaried
people in the age group of 22 to 50 years. how to reduce
your loans, avoid taking loans and lead a stress-free life
financially.
Source: Zero EMI (Book)
https://books.google.co.in/books?id=RAoBEAAAQBAJ&pg=PT2&source=gbs_toc_r&cad=3#v=onepage&q&f=false
Ra Ma. Palaniappan is a professional speaker with over 15 years of
industry experience as a Banker and IT Program Manager. He
works as an Engineering Program Manager in PayPal India Private
Limited. He has worked in companies like Standard Chartered Bank,
ABN AMRO Bank and Verizon. Palaniappan passionately speaks
about ‘Financial Freedom - The Debt Free Way’. He has evolved as a
powerful speaker, having inspired many professionals through his
speaking assignments, workshops, and programs. He was the Past
Area Director for Toastmasters International, a non-profit global
organization and a public speaking forum. He has delivered several
speeches in Toastmasters meetings and special events and has
won accolades. He is the winner of the International Speech Contest
2018 at Area Level and was the Division Finalist in 2018. Ra Ma.
Palaniappan is also a member of the Professional Speakers
Association of India (PSAI) – an association of Global Professional
Speakers. Academically, he holds an MBA in International Business.

Ra Ma. Palaniappan
ABOUT THE AUTHOR
Source: Zero EMI (Book)
https://books.google.co.in/books?id=RAoBEAAAQBAJ&pg=PT2&source=gbs_toc_r&cad=3#v=onepage&q&f=false
Zero percent EMI is a myth! Zero EMI is a bliss.
It establish our financial goals, draft a plan and
work towards it. it will help us to lead a Zero EMI
life.
How you can we control our finances instead of
being controlled by them.
it will help us learn to stop the leakages—our
debts, EMIs—and take the next steps toward
financial freedom.

WHY HE WROTE
THIS BOOK
BESTSELLING
OR NOT
REVIEWS BY
OTHER The book is not the
bestselling but have

PEOPLE reviewed by:

Amazon- 4.3/5
Flipkart- 4.5/5
Goodreads- 4/5
OTHER BOOKS
WRITTEN BY
AUTHOR

NO, RA MA PALANIAPPAN DIDN'T WROTE

ANY OTHER BOOK ACCEPT ZERO EMI:
UNLOCK YOUR FINANCIAL FREEDOM
HOW BIG PEOPLE/ EXPERTS HAVE
REVIEW THE BOOKS

JAYASHREE SARO VELRAJAN

SRIDHAR GOTURU
SUNDARESAN (Chief Strategy Officer at
(Cognizant India)
(Director- PayPal) GINKOS)
CHAPTERS: PAGES: BOOK DIMENSIONS:
11 Chapters 110 Pages 6.00(w) x 9.00(h) x 0.26(d)

PUBLISHER: PUBLICATION DATE: ISBN:

Notion Press 23/09/2020 ISBN-13: 9781648999475

BOOK DESCRIPTION
Zero emi: Unlock your Financial Freedom

SUMMARY
WISE
CHAPTER

 INTRODUCTION
CHAPTER 1:
Clearing our debts and
abstaining from them is the first
step to financial freedom, else all
our efforts to attain financial
freedom is not going to work.
Once we stop leakages, that is
when hacks in the way to get
richer will start working. we must
have “Zero EMI” to reach our
financial goals and start living
your dream life.
CHAPTER 2
Why Do I Cry About Debts?

To attain financial freedom, we must have lots

of wealth. Right? In author view, to attain
financial freedom, we must get rid of our debt
as when there is a hole, how much ever we
pour, it is going to leak. we might never be able
to fill back again. we must first stop the
leakage. Debt is a leakage; we must cover
that up first to grow wealth and attain
financial freedom.
CHAPTER 3:
DEBT IS DANGEROUS
Debt is something which is dangerous if not used
in the right direction with proper calculations and
risks, it can lead to people taking their life but it is
also something that can help to make one big out
of nothing if utilized properly. With debt comes
responisibilities of repaying with interest and also
the mental pressure that has the ability to destroy
the human being.
Good Debt simply
defines that if you’re
getting something better

CHAPTER 4:
in return of the loans or
debt incurred then it is
said to be good in nature
whereas if debt is
incurred for something
which is not appreciating Good Debt vs Bad Debt
in nature and its value
decreases with time then
the nature of that debt Is
said to be bad.
CHAPTER 5: Deb trap is a situation that favour the lender
Debt Trap strongly ,not end up paying an unreasonable of
interest, high penalties, late fees and etc..
Ex. A person invest in stock market without
having enough knowledge and other person
prodding him to invest in tata motors. A person
take personal loan for buying shares and after
that suddenly share price went down and he
loss his 70% proportion of his portfolio and not
able to pay loan to bank.
Many bank give personal loan within 48 hours
but we have to think about interest they
charged is about 14%.

CHAPTER 6:
Most Popular Loans
Personal loan
A home loan is a secured loan that is acquired for the
purpose of buying a property by pledging the asset as
security. Home loans provide high-value financing with
reasonable interest rates and lengthy terms. EMIs are used
to pay them back. The borrower receives title to the property
back after repayment.
Credit card
A sort of credit facility offered by banks is a credit card,
which enables users to borrow money up to a pre-approved
credit limit. Customers can use it to transact in the purchase
of goods and services. Based on variables like income and
credit score, which also determines the credit limit, the credit
card issuer determines the credit card limit.
CAR LOAN
A CAR LOAN IS A TYPE OF LOAN THAT ENABLES YOU TO
BUY TWO- AND FOUR-WHEELED VEHICLES FOR YOUR OWN
USAGE. IN MOST CASES, THE LENDER LENDS THE MONEY
(PAYING THE DEALER DIRECTLY ON THE BUYER'S BEHALF),
AND THE BORROWER IS REQUIRED TO RETURN THE LOAN
IN EQUATED MONTHLY INSTALMENTS (EMIS) OVER A
PREDETERMINED TENURE AT A PREDETERMINED INTEREST
RATE. A PORTION OF THE ORIGINAL SUM AND AN
INTEREST COMPONENT ARE INCLUDED IN THE EMI. THE
LENDER TRANSFERS THE VEHICLE'S REGISTRATION INTO
YOUR NAME ONCE YOU HAVE PAID OFF THE LOAN IN FULL.
PERSONAL LOAN
ANY CIRCUMSTANCE IN WHICH A PERSON BORROWS
MONEY FOR A PERSONAL PURPOSE, INCLUDING MAKING
INVESTMENTS IN A BUSINESS, IS REFERRED TO AS A
PERSONAL LOAN (ALSO KNOWN AS A CONSUMER LOAN).
EDUCATION LOAN
A FINANCIAL LOAN TAKEN OUT TO COVER COSTS
ASSOCIATED WITH HIGHER EDUCATION OR
POSTSECONDARY EDUCATION IS KNOWN AS AN
EDUCATION LOAN. EDUCATION LOANS ARE DESIGNED TO
PAY FOR LIVING EXPENSES WHILE THE BORROWER IS
PURSUING A DEGREE, AS WELL AS TUITION, BOOKS, AND
SUPPLIES.
 CHAPTER 7:
Basically there are three ways in which we can reduce loans
and have zero Emi:- How to Reduce
1) Repay
Loans
2) Prepay
3) Restructure

· Repay:- To repay the EMI on a regular monthly basis according to the bank's
repayment schedule. If you do this in a timely manner, the loan will be closed at the
agreed time.
· Prepay:- Many banks will allow instalment payments along with regular EMI and the
amount will be deducted directly from the outstanding principal balance.
· Restructure:- Loan restructuring is a way to reduce the amount of EMI you have to
pay each month by extending the term. The bank will publish a new repayment schedule
after the restructuring. This approach is useful when a person is experiencing an
absolute cash crisis and is unable to pay his monthly EMI.
 · Create a budget:- if you want to know your income and
expenses, then you should use that type of apps which
can read your messages directly from the bank and helps
you to track your expenses.

· Cut down your expenses:- You can cut your expenses

by stopping your unessential expenses like traveling,
spending more on clothes or eating in a restaurant, by this
things we can track that how much at the end of the month
we are saving.

· Get organized:- Keeping all your important financial

documents, health insurance documents in one folder
makes it easier to track your expenses, and it also cause
you less stress. Also the other option is that you can keep it
in a safe digital lockers but in that also sometimes if we are
in a stress then we might forget the passcodes and create a
chaos.

CHAPTER 8: · Build an emergency fund:- It's good to have savings so

you can face tough times like recession or when we are

How to Avoid Loans unemployed . So start building an emergency fund

towards your future.

· Stay away from loans:- Staying away from loans helps

you to face tough situations more comfortably.
MONEY MANAGEMENT
Basically in this chapter we are learning that from now onwards how

CHAPTER 9:
teenagers should save their money for their future purpose. Even the
parents start advising their children about money once they start
earning. As we must know about investing also as investing as an
early age would help to get the benefits of compounding interest.
There are two examples given one is the “Cafe Coffee Day “ example
which was owned by V.G. Siddhartha, his main motive was to guide
the adults about the management of money that how it is to saved,
and how it is to be grown.
 The financial planning chapter has been properly
CHAPTER 10: placed towards the almost end of the book. This
chapter is personally the most practical, logical and
simplest to understand. The use of examples of the
real world celebrities already help in the emphasis of
importance of any sort of planning. Furthermore, the 2
words goal and finance both have a peculiar
importance in every individuals life. It is necessary to
make a plan with a safety margin as finances may be
needed at any point of time in a persons life. It might
be medical or catastrophic.
Overall I learnt that defining a goal is important but
knowing how to achieve it by planning and revising/
overlooking your plan is necessary. The best advice I
believe is to try and avoid loans unless there is an
FINANCIAL surety that you will have a stable source of income;
PLANNING come what may.
CHAPTER 11:
QUESTIONS IN YOUR MIND

To sum up the last chapter, the short answers are,

1. Always payoff your loan first if you have money in hand or at least a part of it.
2. Always better to have accounts in more than one bank
3. Gold is a fine investment especially for us Indians as it is inverse to the share market
4. If women are independent it is proven that they can manage finances better than men
5. Appreciating assets maybe bought on loans as they are good debts
6. When deciding to buy land/house from your own funds or loan calculate the returns
that you will get after your loan period
7. Health insurance may be expensive but always a smart plan as you never know what
is in the future
 FOREWARD
I find the book with lots of useful information,
strong logic, and practical solutions. It is an easy
to read book written with genuine concern for
others. I am sure that the readers will be
convinced of what you suggest and will become
Debt free and attain financial freedom. I wish
you all the best!

Dr. Soma Valliappan

Writer, Trainer & Management Consultant.
Author of Bestselling Personal Finance Books
such as Alla Alla Panam and Bulls & Bears: All
about Shares
Source: Zero EMI (Book)
https://books.google.co.in/books?id=RAoBEAAAQBAJ&pg=PT2&source=gbs_toc_r&cad=3#v=onepage&q&f=false
 This is the most simple and practical book on

KEY managing the finances of a person/ family to

overcome the debt trap and gain financial

TAKEAWAYS freedom.

FROM It might be helpful for salaried person to live

debt free life.
OUR MEMBERS
By applying techniques mentioned in book people
can create Stress-free life.

This book specially help youngster to manage

money who use credit card.

earned a lot about the nuances involved in

balance transfers, loan repayment and cash
withdrawals using credit card.
 WILL WE
RECOMMEND OR
NOT?
Yes, We will recommend the book
to everyone who wants to get
Financial freedom at early age and
have a debt free life.
 HOW WILL WE IMPLEMENT
LEARNINGS IN OUR LIFE
1) If we take a loans, then we will pay all the EMI's on
the regular basis.

2)Second thing we would like to do is we will cut down

our unessential expenses and save money.

3)If we start earning then we would learn to investing

and save money for the future.
 ZERO EMI REQUIRES A LOT OF
FINANCIAL DISCIPLINE AND
SMALL LEARNINGS, CONTINUOUS
EFFORT TO LEARN BUT IT IS
CONCLUSION WORTHWHILE
REDUCING AND AVOIDING LOANS
IS THE BEST SUGGESTION AND
MOST PROVEN METHOD. MONEY
MANAGEMENT IS AN ART AND
MUST BE TAUGHT/ BE MADE
AWARE OF AS A CHILD LEARN OR
BE AWARE OF TAX RULES
THANK
YOU