CA and prominent Youtube educator Neeraj Arora returns this episode to talk about the basics of financial literacy. In this episode, he talks about:
- Indians viewing money-making as evil
- Why some banks work and others fail
- Financial advice for his kids
Timestamps:
0:00 - Intro
3:32 - Neeraj sir's obsession for mics
10:59 - Nerding out over cameras
14:15 - How does auditing differ between theory and practice?
15:49 - What exactly is auditing?
17:04 - Accounting is the language of business
25:34 - The point behind TDS
31:55 - How do corporations help you save tax?
37:53 - The downfall of exclusive cards
40:20 - Neeraj has changed his opinion on credit cards
46:46 - Why do some banks sink and some stay afloat?
54:13 - Neeraj’s investing superpower
56:14 - Most traders face losses
59:24 - Your spending habits predict your emotional patterns
1:03:35 - Indians view making money negatively
1:09:40 - People don’t like seeing other people succeed
1:15:17 - The only real way of earning money is business
1:18:50 - Understanding the limitations of your business
1:26:20 - Underestimating the role of chance in life
1:32:27 - Increasing the surface area of your luck
1:35:48 - Can you manufacture luck?
1:42:06 - Does money really help you control your time?
1:46:31 - Work hard, earn money, invest and enjoy
1:52:23 - Responsibility can be fun
1:54:30 - People exaggerate their hard work
1:56:54 - The game is about staying relevant
2:01:47 - Flexible hours and short commutes are unbeatable
2:08:05 - The value of money can’t be taught
2:10:37 - Reaching people face to face is euphoric
2:14:24 - Kids need to learn scarcity
2:25:52 - Watches are still a status symbol
2:29:28 - How to not spoil your kids
2:33:31 - How to operate your emergency fund
2:37:33 - Taking inspiration from the greats
2:42:16 - RWAs are endless entertainment
2:46:47 - A good investor is one who does the average thing when everyone is losing their minds
2:49:50 - Public figures should keep their opinions private
2:56:12 - Learning to live below your means
2:58:20 - Diet has become politicised
3:03:33 - It’s fine to change your mind
3:08:38 - Finding success by pivoting
3:12:13 - The rat race of entrepreneurship
3:14:42 - Everything has a hidden price
3:19:38 - Neeraj doesn’t sacrifice things anymore
3:20:20 - No amount of money can make up for a lack of character
3:26:30 - It’s okay to reject advice
3:29:43 - Adapting to new circumstances leads to continued success
3:33:30 - AI isn’t going to replace humans anytime soon
3:36:22 - The importance and risk of cash
3:44:27 - Conclusion
You can follow him on his socials:
Instagram- / neerajarora. .
Timestamps :
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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