This is an interactive blog page on the information on Nepal Stock Exchange (NEPSE) online update. This site will also contains videos and slides on lessons for learning for stock investment as well as interviews too.
This intriguing narrative text video is over 700,000 views and counting on YOUTUBE, and it's not at all what you think... Keep an open mind, you are about to be very surprised...your life won't be same again!
It’s so simple but so important that when I finally understood it, it changed my life forever.
I'm going to open your eyes and show you exactly what I mean, and you’ll see why the rich get richer, the poor get poorer, and the middle class are getting squeezed out.
The wealthy buy ASSETS. These assets pay them money, which they use to buy MORE assets which makes them MORE money. The ASSETS make them money instead of their TIME.
The poor by STUFF
The middle class buy LIABILITIES
The wealthy buy ASSETS
Preferably businesses that PAY YOU money then take that money and buy another asset that produces more money.
Republished for Awareness, Information and Knowledge!
One Idiot – An IDFC Foundation Initiative to educate the youth of India to be financially independent. Directed by Amol Gupte, One Idiot is an initiative by the IDFC Foundation.
This Short movie will definitely blow your mind, your way of looking at “Money” and “Wealth”. It teaches how One can become Wealthier with some simple rules !! It’s simply awesome!
If you buy things that you don’t need, one day you will have to sell things that you do need,” Bhargav Krishna, the protagonist of the movie One Idiot, quotes Warren Buffet, when explaining money management to his teenager neighbors in the society he lives.
Directed by Amol Gupte of Stanley ka Dabba fame, One Idiot is an initiative by the IDFC Foundation to educate the youth of India to be financially independent. The movie was launched on 23 November in Mithibai College, Mumbai. By next week, the movie will also be shown in JJ College of Arts, Mumbai. Eventually, the foundation aims to cover 25-30 colleges across the country.
Krishna, who is cast in his real name on the screen, equates independence with “dignity” and “security” and exhorts teenagers to start investing early.
Uncle Bugs and the “idiot”, as he is called by society kids, Krishna portrays the quintessential miser, who haggles with the vegetable vendor for every rupee and has been wearing the same rubber slippers for over three years now. Though a laughing stock for the society’s teenagers and other residents, he is a favourite with one of the young ones, Chota, played by Naman Jain, who was seen earlier in Chillar Party. Chota not only relishes Uncle Bugs’ lavish lunch every Sunday, but also takes a lesson or two on how to save and make one’s money grow.
And that’s where we get to peep into the other part of Krishna’s life. The little one gives it away when he tells his elder brother Prashant that he would be able to pay for his and his girlfriend’s expensive tickets to a show as he had accumulated about Rs62,000 by investing the lump sums he got from relatives and friends and saving from his pocket money through systematic investment plans. Stumped, Prashant asks him how and Chota relates to him the financial knowledge he has acquired from Uncle Bugs and reveals his real worth, Rs100 crore, and that’s how the story spreads. So Uncle Bugs has a surplus to send his wife and son for an art appreciation course and indulge in his interests—music and cooking. All because he started saving systematically ever since he was a teenager himself and planned his finances all through.
This comes as a contrast to Prashant and Chota’s parents, played by Raymon Singh and Rahul Singh, seen struggling between credit card bills, monthly instalments and expensive aspirations, earlier in the film.
The movie is strewn with real-time interviews from teenagers which clearly showcase the unawareness and unwillingness of the youth to save and invest.
The movie gives the right basic financial messages: start saving early, do systematic investing in mutual funds, buy insurance only when you need it and don’t bundle it with investment, have an asset allocation between equity and debt and so on. Watch it now at https://youtu.be/qrjc5aLe7oI
