CA and prominent KZfaq 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?
14:24 - What exactly is auditing?
15:39 - Accounting is the language of business
24:09 - The point behind TDS
30:30 - How do corporations help you save tax?
36:28 - The downfall of exclusive cards
38:55 - Neeraj has changed his opinion on credit cards
45:21 - Why do some banks sink and some stay afloat?
52:48 - Neeraj’s investing superpower
54:49 - Most traders face losses
57:59 - Your spending habits predict your emotional patterns
1:02:10 - Indians view making money negatively
1:08:15 - People don’t like seeing other people succeed
1:13:52 - The only real way of earning money is business
1:17:25 - Understanding the limitations of your business
1:24:55 - Underestimating the role of chance in life
1:31:02 - Increasing the surface area of your luck
1:34:23 - Can you manufacture luck?
1:40:41 - Does money really help you control your time?
1:45:06 - Work hard, earn money, invest and enjoy
1:50:58 - Responsibility can be fun
1:53:05 - People exaggerate their hard work
1:55:29 - The game is about staying relevant
2:00:22 - Flexible hours and short commutes are unbeatable
2:06:40 - The value of money can’t be taught
2:09:12 - Reaching people face to face is euphoric
2:12:59 - Kids need to learn scarcity
2:24:27 - Watches are still a status symbol
2:28:03 - How to not spoil your kids
2:32:06 - How to operate your emergency fund
2:36:08 - Taking inspiration from the greats
2:40:51 - RWAs are endless entertainment
2:45:22 - A good investor is one who does the average thing when everyone is losing their minds
2:48:25 - Public figures should keep their opinions private
2:54:47 - Learning to live below your means
2:56:55 - Diet has become politicised
3:02:08 - It’s fine to change your mind
3:07:13 - Finding success by pivoting
3:10:48 - The rat race of entrepreneurship
3:13:17 - Everything has a hidden price
3:18:13 - Neeraj doesn’t sacrifice things anymore
3:18:55 - No amount of money can make up for a lack of character
3:25:05 - It’s okay to reject advice
3:28:18 - Adapting to new circumstances leads to continued success
3:32:05 - AI isn’t going to replace humans anytime soon
3:34:57 - The importance and risk of cash
3:43:02 - Conclusion
You can follow him on his socials:
Instagram- / neerajarora. .
Timestamps :
Listen to the audio version of the full podcasts at -
Spotify - open.spotify.com/show/70vrbHe...
Google Podcast - podcasts.google.com/feed/aHR0...
Apple Podcast - podcasts.apple.com/in/podcast...
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