Movie for Teenagers to Start Saving Early!

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

Source: LiveMint

These 3 Tips from the Rich Can Help You Build Wealth

A back-to-basics strategy is your best shot at retirement security.

For its recent Insights on Wealth and Worth report, U.S. Trust asked 684 high-net-worth individuals with at least $3 million in investable assets how they built their wealth and what behaviors they attribute most to their financial success. I’ve boiled down their responses to three practical tips that even regular Joes can use to enhance their financial security:

1. Focus on building wealth slowly, not getting rich quick. Although many people think of the wealthy as trust-fund babies raised in privileged backgrounds, 58% of the wealthy individuals surveyed said they came from a middle-class background, and 19% grew up poor.

Read more: These 3 Tips from the Rich Can Help You Build Wealth

Source: Money

Nepali Movie: Aasha (आशा) - The Hope Based on Stock Market of Nepal

If you are dreaming of earning money by investing in stock market, watch this movie carefully. This movie shows both aspects of business in the stock market in local public terms.

Republished for Information, Knowledge and Awareness.

Source: Share Update Nepal

दशैंमा सुनको भाउ तीन हजार घट्यो, किन्ने हैन त !

काठमाडाैं, असाेज २२ पछिल्लो दुई सातामा सुनको मूल्य तोलामा ३ हजार रुपैयाँ घटेको छ । असोज ९ गते ५९ हजार रुपैयाँ तोलामा कारोबार भएको सुन लगातार घटेर शुक्रबार ५६ हजार रुपैयाँमा कारोबार भइरहेको छ । साताको अन्तिम दिन तोलामा ३ सय रुपैयाँ घटेको नेपाल सुनचाँदी व्यवसायी महासंघले जनाएको छ । दुई साताको बिचमा गएको बुधबार एकै दिन सुन तोलामा ११ सय रुपैयाँले घटेको थियो ।

Read more: दशैंमा सुनको भाउ तीन हजार घट्यो, किन्ने हैन त !

Source: arthatantra

दशैंमा सबै पैसा नसक्नुहोस् है, आउँदैछ अरुण काबेलीको ३० करोडको आइपीओ ।

काठमाण्डौ । दशैंको मोजमस्तीमा भएको पैसा सबै सक्नुहुँदैछ ? एकछिन पख्नुहोस्, नियन्त्रित ढंगले रमाइलो गर्नुहोला, भएको पैसा सबै नसक्नुहोला । कारण तपाईंका लागि अरुण कावेली पावर लिमीटेडले दशैं लगत्तै लगानीको राम्रो अवसर खुलाउँदैछ ।

Read more: दशैंमा सबै पैसा नसक्नुहोस् है, आउँदैछ अरुण काबेलीको ३० करोडको आइपीओ ।

Initial Public Offering (IPO)

Source: bizshala

10 Things Found In Warren Buffett’s Office

The nondescript office that sits at the end of a long, narrow hallway at Berkshire Hathaway’s Omaha, Nebraska headquarters is understated, to say the least. Neither its size nor its level of decor gives any hint as to its occupant’s identity.

It would be perfectly reasonable to assume it was the domain of a mid-level executive in a generic corporation, yet this is no ordinary office, it is the office of Warren Buffett, the billionaire investor and sometimes richest man in the world.

Read more: 10 Things Found In Warren Buffett’s Office

Source: sparkfin