I recently finished reading Make Epic Money by Ankur Warikoo Sir, and it has completely transformed my perspective on money. The book made me realize that managing finances is not just about earning more or saving, but understanding how money fits into our bigger life goals. Here's a breakdown of the valuable lessons I learned:
1. Money is a Tool, Not the Goal
One of the first lessons I took away from the book was the idea that money is a tool, not the end goal. It's easy to get caught up in the race to make more money, but Ankur Warikoo Sir emphasizes that the real purpose of money is to provide you with the freedom to do what you want. Whether that’s traveling the world, spending time with loved ones, or just having the peace of mind to focus on what matters most.
Key takeaway: Money should serve your lifestyle and goals, not define them.
2. Start Early, Even If It's Small
The book strongly advocates for starting early when it comes to saving and investing. I learned how compound interest works, and how even small, consistent investments can grow over time. The idea of waiting for the "perfect time" to start investing only delays the benefits you could be experiencing right now.
Key takeaway: The sooner you start, the more time you give your money to grow.
3. Invest in Your Skills First
Before focusing on external investments, Ankur Warikoo Sir suggests investing in yourself. This means continually learning new skills, taking courses, and growing your capabilities. This not only increases your earning potential but also gives you more control over your financial future.
Key takeaway: Invest in your skills; they are your most valuable asset.
4. Manage Money with the Three Buckets Approach
Warikoo introduces a simple yet effective way to manage your finances:
Earn – Build multiple income streams (side hustles, freelancing, or even passive income).
Save – Spend less than you earn and prioritize saving.
Invest – Make your money work for you by investing in the right instruments like mutual funds or SIPs.
Key takeaway: Balance between earning, saving, and investing is essential for financial stability.
5. Value Your Time Over Money
One of the most profound lessons I learned was about the true value of time. Warikoo points out that time is far more valuable than money because once it’s gone, you can’t get it back. He emphasizes the importance of investing time in what really matters—whether that’s spending time with family, learning something new, or simply resting.
Key takeaway: Don’t sacrifice your time in the chase for money. Spend it wisely.
6. Avoid Lifestyle Inflation
As your income grows, it's easy to fall into the trap of lifestyle inflation—spending more as you earn more. Warikoo warns against this tendency and encourages readers to maintain the same lifestyle regardless of how much money they make. True financial freedom comes from spending less than you earn.
Key takeaway: Resist upgrading your lifestyle every time your income increases.
7. Learn to Say No
Another key lesson was learning how to say “no” to distractions, unnecessary expenses, or even opportunities that don’t align with your long-term goals. Saying no keeps you focused and helps you avoid draining resources on things that don’t add value to your life.
Key takeaway: Saying “no” is a powerful tool for focusing on your priorities.
8. Handle Debt Wisely
Warikoo distinguishes between good and bad debt. Good debt, such as a home loan or education loan, can help build assets and increase your earning potential. Bad debt, like credit card debt, just drains your resources with high-interest rates. The book stresses the importance of managing and minimizing bad debt.
Key takeaway: Avoid unnecessary debt and pay off high-interest loans as quickly as possible.
9. The Basics of Investing
Warikoo demystifies investing for beginners. He introduces concepts like SIPs (Systematic Investment Plans), mutual funds, and index funds, all in simple language. The focus is on long-term, consistent investing rather than trying to make quick profits from high-risk ventures.
Key takeaway: Start investing early and consistently. Keep things simple and think long-term.
10. Practice Gratitude and Giving Back
The final lesson from the book is about finding fulfillment in life, not just through accumulating wealth, but through giving back to others. Whether that’s through financial contributions or sharing your time and knowledge, giving back creates a sense of purpose and satisfaction beyond material wealth.
Key takeaway: True wealth is measured by the value you create for others and yourself.
How This Book Changed My Perspective
Since reading Make Epic Money, my approach to finances has shifted significantly. The book has made me more mindful of how I manage money, how I spend my time, and how I value my personal growth. I no longer see money as an end goal but as a means to a greater, more fulfilling life. The key takeaway for me is that financial freedom is about balance, discipline, and making conscious choices every day.
What You Can Do Now
Track your expenses and create a budget that balances earning, saving, and investing.
Start small but start now with investing—consistency is key.
Focus on building skills that will increase your income potential.
Practice gratitude and give back, both financially and with your time.
Have you read Make Epic Money? What lessons did you take away from it? Let’s discuss in the comments below!
