While personal finance is not rocket science, there are still traps that you need to avoid, or your financial goals can suffer severe setbacks, says Priyanka Mashelkar, Author, 15 Sure-Shot Ways to Hit the Jackpot, listing the 7 most common traps

Sangeeta Lala started Fanzart, a luxury fan brand in 2012 along with her husband Anil Lala when she was 50 years old. Ten years later, she has made it a Rs 100 crore turnover brand with about 100 outlets around the country, says Partho Burman

Anil Jain’s entrepreneurial journey began at age 16, when he took up printing orders and worked on a commission basis. Later, he set up a video cassette library and then stepped out to build a Rs 450 crore turnover business, says Usha Prasad

As a child, Ankit Vijaivargia had seen his father struggling as a small businessman making jute rugs in Jaipur, but today he has taken the business to new heights entering foreign market and building a Rs 8 crore turnover brand, says Bilal Khan

In 2013, Vinayak Lohokare, who was then just 24 yrs old, started his first outlet of Café Chocolicious with Rs 5 lakh from a 300 sq ft rented space. Now, with an additional brand, he has built a Rs 19 crore turnover business, says Somma Banerjjee

Raghav Himatsingka was among those who had to shut down their business during the Covid lockdown, but he bounced back within a few months and launched a new successful venture with a creative parenting app he built with his wife, says Bilal Khan