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 topic.

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.

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:-

For detailed show notes, with links to the resources mentioned on the podcast, head over to www.thetakeaway.club