About Book - Sumit Ramani

About the Book:

Ring of FIRE is inspired by my journey of achieving financial independence, which was fuelled by a few smart decisions like investing in myself, delaying the temptation to buy a home in the early part of my career, and keeping lifestyle inflation under check. The journey accelerated when I started on my own and subsequently moved to my hometown Bhilai during COVID-19. The income since then has continued to increase while expenses have reduced significantly leaving room for investible capital

When I visited Indonesia for work last year, I took a day off to climb Mount Salak, which is home to an active volcano. The hike intrigued me about volcanoes and the more I studied about them the more I saw similarities between volcanoes and Financial Independence – both extremely potent, built over decades, require monitoring, and require a dash of luck i.e. being in Ring of FIRE

The book has a few unique elements and it aims at:

Redefining Financial Independence: Financial Independence isn’t merely about accumulating wealth; it’s about gaining control over one’s life—doing more of what you love and less of what you don’t.
Decoupling Financial Independence from Early Retirement: Retiring Early is often seen as synonymous with Financial Independence. This book challenges that notion. Financial Independence empowers individuals to take bold risks, switch careers, pursue passions, relocate, or embrace hobbies without financial constraints. Retiring Early, while an option, should be viewed as a last resort.
Bringing in the Indian Context of FIRE: While the FIRE movement originated in the U.S., its principles need contextualization for India. Unlike the U.S., where rental and dividend yields often outpace inflation, achieving sustainable cash flow in India post-income requires a higher degree of financial acumen—almost akin to managing a fund.
Highlighting the Role of Behavioral Finance: The book highlights the critical role of behavior in the journey to Financial Independence, addressing biases and irrational tendencies that often derail financial plans.

Wow! This is as good a book on FIRE in the Indian context as one could hope for. Drawing from his own journey and real-life stories, Sumit delivers a read that’s both insightful and thoroughly enjoyable.

Ring of FIRE by Sumit Ramani is a concise, practical guide to achieving financial independence and early retirement in the Indian context. With real-life examples and clear strategies, it simplifies complex financial concepts, making FIRE accessible to young professionals and seasoned earners alike. Insightful and actionable.

Ring of FIRE is a roadmap to freedom. Drawing from his own journey, Sumit shows how smart choices, mindful spending, and the courage to step off the beaten path can spark financial independence. This book blends practical strategies with behavioural finance, challenging conventional wisdom and offering readers a framework to achieve control in their financial lives.

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You have read the glowing reviews from top industry experts. Now, take the next step to financial freedom with Ring of FIRE. Packed with insights for an Indian audience, personal stories, behavioral finance, and cultural challenges. Order today and start building your dream life!