Financial Advices to 25 year old myself

In the COVID era in 2020, at the age of 35, I started investing for the first time in my life. I wish I was told the importance of investing when I was younger. I cannot go back and its never too late to get started, but here are some lessons I would tell myself if I could go back:

1 – Save Emergency fund – $1000-2000 OR if you can save for next 6 months <in case of Job loss or life incidences>. …. but #2 first!

2 – Pay down highest interest Credit/Loan first. Looks a no-brainer and yet people fall in for paying the interests. Pay down credit card fully each month – even better if you don’t use the credit card!

3 – A penny saved is 1.5 pennies earned – look for discounts. Example, you saved $1000 on a buying a car, saving this money is equivalent to getting a raise of $1500 in your paycheck – because of taxes !

4 – Start investing as early in life as you can.

5 – Earning profits is slow and losing money is fast – look for minimizing losses. Warren Buffett said – Get Rich Slow! Example – to make $500 out of $100, you need 400% profit; however when losing – $500 to $100 is only 80% loss.

6 – Invest in Roth IRA, if you qualify and maximize it. If you don’t, invest in IRA and transfer money to Roth account. No tax in Roth earnings although money you put in is after tax while in IRA the money is not taxed while earnings when you take out are taxed.

7 – Diversify – Invest in Mutual Funds, ETFs, S&P 500, Multiple Sectors, Bonds, Gold, International Funds, International Bonds.

8 – Create monthly budget – If you are single, great! If not, do it with your partner every month. Stick to it and know where your money is going.

9 – Detach emotions with money – No need to celebrate the profits or mourn the losses. Just keep learning – repeat what has worked, stay away where your hands have burned!

10 – Think longer term – Keep a significant chunk of your investments towards retirement, while keep a play-money to invest in the growing market. Generally – Investments pay higher when untouched for long term (3-5 years or more!) Day trading is stressful, do it only as a professional else work-life balance will be jeopardize.

11 – Limit to 3-4 gurus – There are tonnes of advisors and news flashes from all around. Find 3-4 investors who have proven themselves for last 5-8 years and stick to them. Although, this doesn’t mean they will be profitable in future too, but the likelihood is higher and it is less stressful to invest! I had followed ChickenGenius (Youtube), ARK Invest, Chris Perruna (Twitter – cperruna), and Ben (bahamaben9).

12 – Dollar Cost Average – Pour slow, take out slow – For longer term, Invest every month/week and when you need money take small amount you need every month/week. This way you dollar-average out growing or falling market.

13 – Dont invest in more than 10 companies at a time for swing trades.

14 – Set Stop losses, but if you trust a company, then dont set’em! When the rate of a stock falls, Stop losses are triggered and the selling increases and rates go down further, then buyers take over. Be cautious with your Stop losses.

15 – Multiple streams of income – Even if it is 5% of your main income, try to generate a parallel stream of income (and it could come from Swing trading).

16 – Best college? – I did the perfect analysis on where to go for Masters and nothing could have gone wrong! Well, my decision went south! Your aptitude will take you to places. Your curiosity and problem solving will work harder for you then your degree. People from average colleges have impressed me while the professionals from E&Y, Microsoft, Harvard, etc. were biggest STUPIDs I have met !! College does matter but only for the kick-start. From the same schools, with same education (sometimes off the siblings – Mukesh and Anil Ambani for example) – kings and pawns are made!

17 – Fraud is common/normal in the Corporate World. Don’t go by ratings and reviews, ask difficult questions, test assumptions, and only when you are fully satisfied – follow a firm/Executive!

18 – Read, Read, Read – Read at least 3 books on the topics you want to know more. Make reading a routine.

19 – Options Trading is a No, No for newbies!

20 – Buy the hype, sell the news!

Kamal Gangwal – What’s your time, date and place of birth?

When you will meet my father, an astrologer by hobby, he won’t ask – How are you? Instead he will ask, what’s your time, date, and place of birth; then he will make your astrological chart and tell you – how are you doing? 🙂

Not true… but still close :D.

This joke always gets me laughs at the cost of my father and … it got probably one more.

As my parents are visiting this holiday season (2018), I wanted to introduce my father to my friends in the vicinity, particularly for his experience in Astrology and if it stir interest in you, you may consult him. He does not charge any fee and neither accepts gifts in any form, for his readings; its a pure giving from his standpoint. In the last 25 years, he has read 2000+ (low guesstimate) kundlis. As you may deduce, he has devoted a good chunk of his life for learning Astrology and reading kundlis for friends, families and the acquaintances; all out of his passion. I’d also clear up that Astrology is only his hobby, profession-wise, he runs a finance business in Indore.

It can be a long read, but for sanity, I will limit it to three small sections about him: Background, Interest in Astrology, and Anecdotes related to Astrology.

  1. Background

My father, Kamal Gangwal, comes from the village of Nalchha in Dhar district of Madhya Pradhesh, India. The nearest famous place, 10 kms from Nalchha, is Mandaw (a.k.a Mandu, Mandawgarh), known for its history, architecture, and historic Jain temple.

He is the youngest child of GCT – Gangwal Cricket Team (has 9 elder brothers and 1 elder sister). Our ancestral home, where he has grown up was built in early 1800s and had ones accommodated about 50 family members. Our family also run a 400 year old Digamber Jain Mandir adjacent to this ancestral house.

Nalchha Mandir.jpg

The interest of higher studies brought my father to Indore in 1970s. He completed his B.Com followed by earning a Doctorate in Ayurvedic medicine.

  1. Interest in Astrology

In early-80s, on meeting a well-known local leader in a District Conference of Lions International, my father realized the importance of reading books of your topics of interests. His topics of interests were astrology, vaastu shastra, and ayurveda. I saw him reading books on these topics for 30-60 minutes every night before sleeping, and the trend continues even today. In early 90s, he started reading friends and family member’s kundlis (Astrological chart), followed by friends of friends kundlis, followed by the kundlis of the acquaintaince and not knowns! Remember, it was only word of mouth in those days; but there came a time he became so occupied with kundli reading, that I had to put a board in our home (in Indore) “Yaha Patrika nahi dekhi jayegi, kripya dukaan per jaaye!” And the board only made it worse.

Presently, at his office in India, people come at various times to get their readings. In order to not have them wait longer while balancing the business, he has designated 4 PM – 5 PM of his daily time for kundli readings. I have seen people from all walks of life and all ages 18 to 80 visiting him, he welcomes them all and accommodates them with all his capacity.

  1. Anecdotes:

A renowned and mostly busy Jyotish from Jaipur was visiting Gommatgiri, Indore and had very high rates for Kundli reading. Out of curiosity, my father went to meet him and showed his kundli to this renowned Jyotish. The Jyotish made predictions, my father’s understanding was different. Discussions, Disagremeents, and it ended with … the Jyotish insisted to return the fees and give a Guru-Dakshina to my father, for teaching him something new.

At Vishwa Jyotish Sammelan in about 2005 – the Organization had identified 12 Jyotishis to be recognized and honored by the Governor of MP, Dr. Balram Jhakad. My father got picked to be honored. One after the other the Jyotishis were called; they were all old Pundits wearing variety of dhotis, with chandan, haldi, kumkum tilaks, and multiple rudraksh malas went up the stage, got honored. Then the voice called “Pundit Kamal Kumar Gangwal”, a younger man, in simple half-Shirt full-Pant, no tilak or mala was up on the stage and the entire Ravindra Natya Grah went in awe. My father looked like the 12th man (if you understand Cricket!). My cousin, Ankur, and I went ROFL hearing “Pundit” in front of my father’s name.

He was also honored by Army Personnel Lieutenant General Sudhir Kumar in 2000 for Kargil fundraising initiative under the flag of Lion Club. He has held many positions in Lions International Club of Indore (West) ranging from treasurer, secretary, president, chairman and is a Lion member for last 35 years.

He is the youngest in his generation, but everyone, including his elders consult him for all important matters and decisions, and he takes this with great honor and responsibility.


During his visit if you want to consult about your kundli/janma patrika with him, you are welcome to talk to him on the matter. Please contact me for more info, this will allow me to make better plans.

If you have your/family’s kundli/patrika, bring it; else my father will ask your Date, Place, and Time of birth (to make your chart) and tell you how are you doing?

Rephrasing my father – “Take Jyotish reading as a guideline; not destiny.

Break the Introvert shell – piece by piece

When I started public speaking, I noticed that in some speeches, I was very confident, while some speeches I felt like leaving the stage in the middle of my presentation. Here are some take-aways that have helped me as I struggled and survived through my speeches. This is not a comprehensive list, but a sure shot starter package. You will have your own list as you grow!

1. Start out loud

I noticed that in my few speeches, I started soft and my energy level only went down from there, my confidence only faded from there, my message only lost the impact from there. Then, I had a different opening of my same speech, for which I had to speak my first few sentences aloud … I noticed that audience gave their 100% attention and were with me and understood my message. This gave me confidence to continue and complete my speech without worrying about am I making an impact?

2. Prepare Well

Work on the material that you intend to present. Know which line, statement, gesture is there in the speech and why? Get all the data and numbers corrected and verified; know the sources. Give your speech to a mentor, friend, or a relative for a quick review. Once, you know that your material is ready and is going to add a bit to the audience knowledge, you are ready to practice.

For all my big platform speeches, I do thorough research, do a spell check, get my grammar corrected, get a proofreading done; this help me improve the quality /standard  of my speeches.

3. Keep an easy structure

Structure/organize your speech in an easy to follow format. This will help you memorize your entire speech and not worry (too much) about forgetting it. E.g I have three steps to address this problem and they are A, B, C. We will now go in detail of each of these steps to see how it works! OR have an acronym defined, E.g: SWIM, S stands for …. Strength, W-Wellness, I- Integrity, and M- Mindfulness. Take note cards with you for back up.

I usually keep a transition line when moving from one topic/story to other and I also keep a body gesture that go along with that line (mostly a walk across the stage or in certain character!)

4. Practice

 My mentors told me that there is nothing called over-practice when it comes to public speaking! Practice hard. The more you practice, the better you would feel about your speech. Practice it alone, in front of a mirror, in your car, in front of someone whom you are comfortable with. Record the audio and listen to it as frequently as you could. Maybe a watching a video of yourself. Sometimes I just watch my video on mute to observe some body-language patterns or any habits that I must address! Before delivering the speech to the big audience, practice in front of dummy audience (be it your family members!)

5. Don’t judge yourself while delivering and … continue till the end

Never evaluate yourself while delivering your speech. Your hands and legs might shake, stomach might churn, heart rate increases; but audience does not notice that. Don’t worry about a little mud on the shoes, or if your make up still on or if you have gained some weight or is your outfit wrinkly? You got my point, right?  Audience (most of them) do not care about how you feel about and within yourself; instead they just look for what advice/message you can give to them. Remember, even if you are stuck, take a deep breathe, glance into your notes and step into the presentation with the same confidence. Remember, your audience would appreciate if you complete your speech instead of leaving them hanging !

Finally, relax – you are ready! Just do 2 minutes of Square breathing (In-Hold-Out-Hold), and walk up to the stage with full swing !

In the prison

This is a continuation of the post: Do the right thing

After this speech, I was taken to the prison.

Couple of my toastmasters friends offered me to visit the club that they were running in a MD prison for 9 years and deliver this speech. Very noble people – since last 500+ weekends they are serving this club. The prisoners were calling them :King: and :Queen:

I would not lie, I was afraid to step into a prison, we walked through 7 locked doors. They patiently listened to me and were kind with their words.

The words from the prisoners after this speech had made me feel the power of a simple speech. I couldn’t win the contest but I was over the top of the world when I heard from one of the folks “I wished I had heard you speaking before I came to the prison ………………… I might never have come here.” 

The prisoners asked me to come again and share more. I promised that I would visit them soon and I did, for the second time. This time I gave them an hour long session – 30 minutes on Story telling Process and 30 minutes session on How to craft your speech. Very well received.

After a month, I got call from my friend, who invited me to the jail, he said – “One of the prisoners has passed on his thanks to you. He used the techniques you explained to write a song and had presented that song to their club.”

Toastmasters is all about, sharing your knowledge and thoughts, and the organization must be proud that it is able to mark its presence even in prisons and their goals and motives are perishing and improving lives of those who need it the most!

Do the Right Thing – District 18 Toastmasters International Speech Contest -2014

What an experience this was to share the stage with world-class speakers on the Toastmasters District 18’s stage. Couldn’t won the contest, but learned a lot during the contest. I was a second runner-up in the contest and here is the video of that speech. I plan to continue competing and producing my best speeches.

With this speech I validated that the runner-up at Humorous Speech Contest was not a fluke!

Feel free to critique and highlight what you liked.

After this speech, I was taken to the prison

Settling the rivalry

Speech delivered in Maryland Advanced Toastmasters Club – The Entertaining Speaker Manual – Speech #1

So far my the speech I enjoyed most — Never felt this relaxed on stage …

Dedicated to my best friend — Lallu/Lalla/Lovee/Lui/Lalwani — all five of them !!      🙂

Kind of messed up the last dialog  — “All that remained were siblings !!”

International Speech Contest — Round 3 Speech take-away

This is for polishing the story/speech for Round 3. I and my coach/mentors met for few hours and we decided one of my experiences we want to use for next round of International Speech Contest Round 3. We have the script, but it needs to be polished. What I request from you is:
  1.     What is your take-away message after reading this story?
  2.     What, if any, questions is unanswered or any question you have and is not covered in the story?
  3.     What are your suggestions to improve the script
      Please overlook grammatical errors as of now, just concentrate on the message strength and quality. 
      Thanks for your comments, 

The Transition

Life is a journey, you travel from place to place, in this journey you sometimes meet people whom you just can’t forget. Among these unforgettable ones, there is always that one person who takes away your hopes and spirits, who always sees a glass as half empty but never fill that glass. And when you try to fill that glass, they drink water from that glass to make it half empty again?
                On my way to 21 years of age, I was the most pampered child of my family, well most because I am the oldest one, oh wait, the youngest one, no wait ….. I am the only one child of my parents, youngest in my generation and slimmest of them all. I was all set to begin my next journey; I was so excited when I got my ticket for LAX Airport for 6th of August, 2007. All my excitement turned into a big question mark when this 5 feet, 2 inch tall, fat lady said to me – “All life-long you lived like a prince at home, in US you will just become a guttery boy. Get ready to do work like cooking, laundry, cleaning restroom, driving, and studying – umhmm, you are the only child of your parents, you have never left home, don’t you have enough to eat and earn here? Why do you want to go? You won’t find Indians there. You won’t be able to make it. Don’t go or you will regret forever.” I thought – “I have no answer for you now lady but hey Indians and potatoes are everywhere.”
                August 6, 2007, when I reached at the airport, I realized there was no one to carry my bag outside the airport, I was further upset, how will I go on? I reached home, next day when I cooked – O My God, I made Indian food which tasted like Australian – tasteless and yucky. She was so right, I never cooked even once in India- my Mom used to feed me. Next week, I cleaned my clothes and ironed them – back in India, I had servants and cleaners – back at home, I never had washed a cloth, not even folded them, no cooking, no cleaning dishes, not even driving – I had driver for our family. She was so damn right – I was such a failure at everything. This journey of my life changed my life entirely ! I continued to live like this, ended up getting a good job, position and independence. 
                January 24, 2012 – I got chance to meet her again, in India. She said with a pride– “So, You are still your own servant – you still cook, clean, iron, drive, earn, do the dishes for yourself – its so funny, I told you these things 5 years back, you never listened and still doing these menial jobs.” How could I have replied to her, she was damn right that I was cooking, cleaning, ironing, driving, earning, doing the dishes and all other jobs which she called menial. Even though, I completed my Masters, I earned my own job and getting independent, I could not answer her. Because the answer there was not for her, the answer was for myself <Long Pause> This was the time when I had realized the value of hard-earned money my Dad used to earn, the value of food which my Mom cooked for me. But more than that, I realized the value of efforts of my maid made in cleaning and keeping my home shining, the value of sweat my cleaner shed for washing and ironing my clothes, the value of labor my driver put-in to drop me in any and every condition on time and safely. No work is menial but importantly, no individual is “menial.” If I would not have wear their shoes, I would not have felt their pains, if I would not have done the same tasks which they all were doing for me years after years, my connection with them would have been – me and a maid, as me and cook and as me and a driver. I realized that I no longer see them as maid, servant, cleaner, cook or driver – but I now see these people as PEOPLE. This was my transition from I and You to “WE”.
                More often than not, we distinguish a person based on their work, as a person of other color, as a person of other country, as a person of “OTHER CATEGORY”. But there is just one CATEGORY- People, rest all are just the borders between our hearts. We are people first, and then we belong to a workgroup, race, religion or country. The world can survive with the borders among the nations but this border between our hearts needs to be erased. I have erased mine – you are my people, Am I Yours ?