Embrace innovation, think long: Top wealth-building lessons from Ratan Tata

Hello, readers! In this week’s Personal Finance newsletter, we bring you top wealth-building lessons from Ratan Tata, break down the costs of seeking mental health support, explain how investors in India might be playing with fire, and more!

Tata Sons’ Chairman Emeritus, Ratan Tata, was renowned not only for his business acumen and philanthropy but also for his keen interest in start-up investments. He invested in 40 Indian start-ups across various sectors, including eyewear brand Lenskart, baby products brand Firstcry, services platform Urban Company, and B2B marketplace Moglix.

His journey in transforming the Tata Group into a global conglomerate offers valuable lessons on financial success and wealth generation. Sunainaa Chadha shares insights on what we can learn from him. Read here

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Mental health crisis: Can Indians afford the price of getting help?

In India, between 60 to 70 million people are estimated to suffer from common and severe mental health disorders. Addressing these issues faces numerous challenges, with financial barriers being one of the biggest obstacles.

“While the average may range between Rs 1,000-4,000 for an hour session of therapy or consultation, it could be much higher (up to Rs 7,000) given the level of care required,” said Garima Nagpal, a Mumbai-based emotional wellness consultant. Can an average Indian afford the price of getting help? Surbhi Gloria Singh explores. Read here

Mental health insurance in India: Costs, coverage, and key providers

4.5 years of 'buying the dip': Are investors in India playing with fire?

Over the past 4.5 years, Indian investors have increasingly adopted the strategy of "buying the dip," particularly in the post-Covid period. With more than two-thirds of market participants beginning their investment journeys during this time, many have benefitted from a booming market that has generally rewarded those who bought during price drops. However, experts warn that while this approach has been effective in a rising market, it may not guarantee success in the future. Read here

Online gaming scams: Small bets win, big bets lose - how they work

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