Episode #11 – Ankit Chawla – Personal Finance 101 Ft. Millennial Paisa man.
Personal finance – it is a lot like going to the gym.
You’ve heard enough to know how beneficial and life-defining a practice it can be.
Yet, there’s a lot of factors like – the lack of knowledge, the complex technical nitty-gitty, etc. that you simply don’t know where to start.
In the latest episode, I try to cut through the clutter around the world of personal finance by sitting down with Ankit Chawla, a personal finance consultant by passion who answers the most basic questions around the subject – providing the perfect bedrock for anyone interested in the subject.
Ankit runs a podcast called the Millennial Paisa, where he breaks down the most fundamental aspects of personal finance such as SIPs, Mutual funds, Stock market, in a simplified, easy to understand manner.
He is also the author of the book ‘Make and Grow Money the right way’ that gives a structured approach towards making and managing your money.
Click on any of the icons to listen to the episode in your favorite platforms including Spotify, Apple Music, and Google Play music.
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Dive right in.
Episode Guide:-
01:49 – Introducing the guest
03:42 – Where the passion for personal finance came from?
06:45 – Why millennials have this love-hate relationship toward money management?
09:05 – Kunal Shah’s poll on personal finance
11:20 – Best way to go about big-ticket purchases like two-wheelers, Macbooks, etc.
16:20 – Credit Cards: Who is it for and who is it not for?
22:25 – What is a Credit Score?
26:40 – What is an SIP? Why SIP is the perfect way to build financial discipline?
28:57 – Mutual Funds: Index funds
32:42 – Investing in the stock market for an average office-goer
37:08 – Small Case: Investing in ideas
38:45 – Ideal resources to get started on financial markets
Show Notes:-
- Tijori Finance
- Paisa Vaisa
- MoneyControl
- Small Case
- Make and grow money the right way
- Millennial Paisa
