Financial education in India is not taught in schools or any institution, now that we are in a digital revolution and thanks to many influencers on youtube/Instagram we get a lot of knowledge about money management. But in the end, you should do your own investigation and invest accordingly.
I will talk about 2 shows seen on Netflix that can help you gain a new perspective on how you look at money and how you manage it.
This documentary talks about how you own a lot of things you don't actually need, and you should try and get rid of them. It gave us a new perspective on how we often buy new things just because it is on sale and we fail to realize we won't use them.
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| https://www.netflix.com/in/title/81074662 |
Bottomline: Anything we have or are planning to buy should add value to our life, not suck the soul out of our life.
This documentary talks about different people, how they struggle financially despite having a source of income, and how they cannot get out of the debt they have incurred. How to improve spending habits, make a budget, cut living costs, and save/invest. A basketball player, a family of four, and a girl living alone, Each gets assigned a financial advisor that helps them plan their finances and cut expenses. In the end, all subjects start doing better financially and are able to spend more time doing things they love.
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| https://www.netflix.com/in/title/81312877 |
Bottomline: Your income should be divided into 3 parts, Monthly expenses + Savings + Investment.
You should try to spend some time doing something that you love, for instance, I love writing and I started this blog in 2011 I write every year, sometimes just 1 blog a year, but now I will try to write more often.
Thank you Reading
Vivek Choudhary
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