My #paisavaisa podcast hit 250 episodes today (+89 Hindi Q&A episodes long ago). Sharing some of my thoughts in a Q&A format here, hope it's useful.
Q: Why did I start a personal finance podcast when there are tons of resources on the internet?
A: For fun. Really. @doshiamit and I started this in 2017. I was sure I'd stop in a few months. But we got really lucky that people listen to us.
Is there money in podcasts?
We got very lucky in 2019. @BeingPractical believed in #paisavaisa (shout out to @PaytmMoney
for the love and support!) but sponsorship didn't start from Day 1 and sponsorship isn't forever.
How much money is there in podcasts?
It doesn't pay my rent but (whenever I do make money) it's enough to cover expenses and time spent on it. I'd be daft to rely only on podcasts for money. There's only one Joe Rogan and that ain't me.
How do you ensure quality?
I can't. There are good episodes and there are bad episodes. I try my best but I know sometimes that's not enough.
Why should we even care about personal finance?
It's your money. You work, you slog, you spend most of your living time earning it. You should know as much as you can about saving and spending.
What's in it for listeners?
A huge variety of topics. #paisavaisa focuses on all things money. Crypto, credit cards, startups...we've done a LOT of topics, including mental health.
How can we learn more about personal finance?
Tough one. Different things work for different people. See my pinned tweet.
And finally, a big, BIG thank you to my listeners, my guests, the great team at @IVMPodcasts and my man, the Podfather @doshiamit. THANK YOU!
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Markets are at all-time highs. I think this is why. Thread.
Three things are getting 'factored in' (fancy word for assumed) by investors: a) Modi 350+ in May 2024 b) India GDP at 7%+ for foreseeable future and c) US Fed rate cuts (and RBI) start next year. These are big assumptions.
What can go wrong? If any of the previous three assumptions do not happen. But talking of what can go wrong, take a few steps and look at the past 4 years..
Myth 1 'jobs suck': People survive and grow out of bad jobs, usually learning something good. And usually? it's the people (around you) who suck, not the job. Which brings me to..
Myth 2 'politics suck': Politics are an unfortunate reality. Deal with them at work and you'll grow as a person. If you're good at what you do, eventually you'll get better offers... (1/2)
Income - expenses = savings (and investment). Simple tips for all three.
Income: salaried job? check your appointment letter, CTC in detail. Max out tax savings using PPF, NPS, etc. keep track of perks, benefits, etc (medical, HRA, leave allowance).
Income: consultant? Maintain records well. Check your TDS rate versus slab rate. Keep depositing advance tax in time. Pay your GST on time (I do it when I get client fees).