How To Build Generational Wealth ft.

Subscribe to Neeraj Sir's podcasting channel: https://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: https://www.amazon.in/dp/B0CG36ML45

Listen to the audio version of the full podcasts at -
Spotify - https://open.spotify.com/show/70vrbHe...
Google Podcast - https://podcasts.google.com/feed/aHR0...
Apple Podcast - https://podcasts.apple.com/in/podcast...

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