How to Use Loans to Get Richer | Dostcast w/ Neeraj Arora
Manage episode 435222695 series 3387317
Neeraj Arora is a well-known chartered accountant and a leading educator in India. He runs over five YouTube channels with more than a million subscribers combined. His work has made him an important figure in the CA community and a favorite mentor for many.
In this episode Vinamre and Neeraj discuss:
- What to do when the market is low and the effects of the Hindenburg report on SEBI’s chairperson .
- What's the best time to invest and take loans, the reality of the influencer and finance world.
- Using debt to build wealth: basic rules of personal finance.
- Credit card hacks, decoding Franklin Templeton NFO.
- What is the Diderot Effect and Status Anxiety, and why investing is important.
- Tips before investing in mutual funds, the BYJU'S case study.
If you want to know how to create an insane amount of money using your debt, watch this episode.
Timestamps:
00:00 - Introduction
03:00 - The Right Mindset for a Bear Market
08:44 - Why He Shifted from Science to Commerce Stream
12:42 - What Do Mutual Fund Managers Do Differently?
15:05 - Will There Be a Scam in Mutual Funds?
16:36 - Shorting Stocks: How Do Hedge Funds Operate?
19:01 - Best Time to Take a Loan and Which Debt Is Good or Bad?
27:30 - Why Medical Insurance Is Important
30:52 - Rent or Buy a Home?
32:29 - History Sheeter in a Finance and Debt Trap
37:06 - Rules of Personal Finance
40:44 - Focus on Your Active Income and Skills
45:28 - Investing Is as Important as Active Income
49:00 - The Actual Financial Life of Influencers
52:00 - Scams in the Finance World
54:38 - Red Flags of Too Much Debt
59:40 - How Can You Come Out of a Debt Trap?
1:04:57 - Reality of Startups: Mistakes CEOs Make
1:12:17 - Viral Hilux Reel
1:14:00 - More Credit Card Hacks
1:16:55 - Should 18-24 Year Olds Use Credit Cards?
1:20:18 - Diderot Effect and Status Anxiety
1:24:42 - General Rule of Spending: The Art of Balancing
1:28:50 - Why Basic Finance Knowledge Is Important and Its Calculation
1:42:17 - Decoding Franklin Templeton NFO
1:49:38 - Tips Before Investing in Mutual Funds
1:52:25 - Why He Shifted to Mutual Funds
1:57:35 - Why Is Warren Buffet Moving to Cash?
1:58:45 - Learnings from Larger Portfolios
2:06:58 - How His Middle-Class Conservatism Helped Him
2:09:18 - Why Mental Sanity Is Important
2:13:24 - Can Only the Rich Get Richer?
2:22:00 - The Value of Action and Inaction
2:28:16 - Japan's Market Is Stagnant
2:44:13 - Why BYJU'S Failed
2:50:28 - Conclusion
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