How To Build Generational Wealth ft.  

Subscribe to Neeraj Sir's podcasting channel: www.youtube.com/@themoneypodc...
In this episode, Vinamre and Neeraj sir discussed the timeless wisdom of "Same as Ever". They also discussed about:
- The invaluable insights on the often misunderstood concept of risk, the importance of emergency funds, and why overestimating them is a game-changer.
- Where to invest before diving into SIPs, the magic of compounding, and the best ways to save money.
- How conservatism saved our parents' generation and the common debt mistakes made by the current generation.
Timestamps:
0:00 - Introduction
2:30 - About the first podcast around Index fund
4:55 - Introduction about the book & author
8:35 - Chapter 1 (Quote)
12:50 - Importance of lessons from the past
17:49 - Lesson from Warren Buffet
19:10 - How great did companies grow during a recession?
22:02 - When do people lose money in the stock market?
11:57 - What does Jeff Bezos say about the future?
23:48 - What exactly is Risk?
29:15 - Emergency funds & liquidity needs.
29:52 - Before investing in SIP.
31:25 - Overestimation in edtech of online learning
32:55 - Unemployment during the great depression in USA
34:43 - Neeraj’s financial investment risks
35:35 - How to prepare for risks?
40:00 - Power of compounding
41:37 - What is the best way to save money? Savings options
44:07 - Why do people take risks with their money?
48:05 - What is the best thing money can buy?
49:08 - How conservatism saved our parents’ generation
49:41 - Things to learn from our parents’ generation
51:40 - 21 Lakh ka bhaat
52:40 - Wealth is what you don’t see
55:03 - Harry Houdini’s death story
58:54 - Rules of Happiness
1:04:09 - Stoicism, What makes creators unhappy?
1:05:43 - What Neeraj learnt from Charlee Mangar
1:07:09 - How expectations impact negatively. Don’t do things by getting influenced
1:08:16 - Certainty over accuracy
1:10:05 - Frauds in the Stock Market
1:13:05 - Why do people get out of stock markets?
1:13:46 - How to manage volatility?
1:17:39 - How to mentally prepare yourself before investing?
1:21:10 - Why fear is important for money?
1:24:57 - Social media & Finance influencers
1:28:15 - Always be prepared for the risk
1:30:42 - Increase the chances of success. Probability over accuracy
1:32:10 - 3 steps to plan your finances and investments efficiently
1:38:10 - Personality types that will never make money
1:44:04 - Reinvesting, saving money?
1:53:21 - Do you want a part 2 of this book?
1:56:10 - Enjoy your money
2:02:42 - A financial advice for people in their 20s
2:07:46 - Advice from Neeraj
My Mic Setup: www.amazon.in/dp/B0CG36ML45
Listen to the audio version of the full podcasts at -
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Google Podcast - podcasts.google.com/feed/aHR0...
Apple Podcast - podcasts.apple.com/in/podcast...
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