CEO of CRED Kunal Shah on What every Indian in the 20s needs to know about money? Thrive 2021

[@venudoddavarapu9186]

'The only way to become smart is by asking dumb questions' - well said🖖

[@varunemani]

🍷😆👍Stay hungry, Stay foolish - Steve jobs. Stay hungry - Life is not easy to sustain. Be Practical. Stay foolish - Dont take life too seriously, Useful to ask dum and practical questions.. Hopefully the reply too will be practical.

[@historymythologyfoodtravel742]

Actually there are no silly questions. You are asking questions because you are trying to understand things. So always asked questions even if people are thinking as silly.

[@mohdazharchiragh1280]

The statement "we are extraordinary at algebra, terrible at money" took the limelight. ♥️

[@lakshmiprasad.s1551]

I'm 19 years old, whenever I talk about financial literacy in my home my parents say, if you start learning these things now you will not graduate 🤷🏻

[@robinsinghchauhan1834]

Lmao that doesn't even make sense 😂😂😂but i know parents say that

[@Sunnycool140593]

Start investing bro... Now I'm 27 and it's too late but I'm starting my investments

[@shrivathsagkumar]

Same here ..

[@shrivathsagkumar]

But now I'm 24 and I earn they come up with all.ponzi schemes to lure me in to invest in that.. it's just two extremes ..

[@mmwapec]

keep in touch now nd then... and focus on your graduation ❤️

[@Laughingattimes2128]

Am 20 years old and my father never discuss about how money works instead he avoids and leave the conversation. And this year I've decided to make myself financially literate.

[@Cursedguilt]

and what you learnt in last few days?😌

[@BavaBammaridiKitchen]

Read rich dad poor dad

[@KavateJayesh]

thats good my man :)

[@vedantmahajan4125]

I'm 15 and I'm early here I will get 5 years to research , learn and when I'll be in my 20's I will have a good knowledge , wish you good luck.

[@saritalahoti7234]

+1

[@mohitgolechha5830]

When he said 99% of the people in India don't know about inflation and compounding interest, i felt smart to be among rest 1% coz hamare marwadi me compounding interest ko 8th wonder of the world kaha gya h

[@dhananjaymalhotra7854]

Ismein marwadi ka koi lena dena hai nahi dost waise. Sir Einstein keh gaye hain yeh , sabhi language mein Universal truth ban gaya yeh concept.

[@ompatel958]

bhai vo einstein ne kaha tha, “Compound Interest is the 8th wonder of the world. He who understands it, earns it; he who doesn't, pays it.”

[@RiteshNEVERUNIFORM]

warren buffet ne kaha hai wo

[@MP-wq5xe]

It's a quote by Albert Einstein

[@helloworld6989]

woww... i my 18 yrs of life.. i saw first marwadi on social.media.

[@geoinfierno]

Im 30 and i wish i had KZbin to teach me financial literacy and the power of investment in my 20s. I missed out on so much potential for financial growth. How i wish i knew all this back then.

[@Hari-bn2cy]

You guys should understand one thing that the 99% people mentioned, who don't know about money will not see this video cause this is only recomended to those who follow what money is🥵😂

[@XashA12Musk]

Thank god I'm gujarati, and my father taught me most of this ,and now I'm teaching all of this to my 15 y/o sister. I'm 20 year old and i've started wealth creation and learning it.

[@biswaranjansahu4640]

"schools don't teach financial subjects because they want students to become employees and accountants etc etc :- don't want them to become entrepreneurs and startup owners" -Robert Kiyosaki

[@jaytvyakabra]

Now at the age of 19 I feel I have started in the right age to learn and invest and know how money works.

[@rohandsouza1557]

Same

[@harikrrishnanb]

Congratulations..!!

[@YashNagayach]

You are just 19 Years late!

[@mihirmewada2085]

read coffee can investing book ... it will broaden your knowledge on compounding & value investing rather than trading securities...

[@minter7684]

Yes , I started at 18

[@NikhilNicolasKedasi]

I havent seen a CEO speaking this much radical! well spoke youngman.

[@harshrathod4498]

"The only way you become smart is by asking dumb questions" 👌 - Kunal Shah

[@m_adriraj]

Education system should include 'personal finance' as a compulsory or optional curriculum for 11 and 12 students

[@moirangthemvishalsingh]

Great idea better than reaching fake rich dad poor dad books which is the first personal finance Book

[@AksBoutique]

Yes

[@souravsha]

Less than 2% retail investors and still I don't get any IPO Subscription 😟

[@silverzero9524]

milta hai toh IRFC bc G fati padi hai

[@trailerhub6018]

😂😂😂 🤒🤒🤒🤒

[@hareshpatel9030]

Let me give you perspective...when you talk about 2% ,I think it is also significant bcz 2% of 130 cr which is our current population so 2% means 2.6 cr people still u feel it is less...I mean hell no

[@henryjam6499]

Lol that's true I think there exists the hidden truth that most money is with 0.1% of Indians

[@CHAMPNISHU]

Why is this so true😂😂

[@saurrabhsinghkushwaha4684]

If Kunal write his phylosophical thoughts in a books... It will.be best seller...... Also phylosophy always hits hard...

[@rajpatel2793]

Completely Agree... But not only philosophy the financial knowledge too

[@parthpatil59]

Kunal is the man to whom young generation should listen to!! He's an inspiration to every early 20 child

[@playdon877]

That's where we lag behind. We want book on every subject. Appreciate the fact that we can learn knowledge worth of 50-60 pages in a 7-8 min video which is far more interesting and engaging.

[@SamirPatnaik]

His twitter feed is a good starting place.

[@JohnSmith-kj2od]

Could've googled how to spell "phylosophy" given it was the subject of your comment, but no ignorance 🥰

[@tyson3465]

When I was 18, I started learning how I become financial independent, and now I learnt a lot about #money. Inflation, compound interest, trading, returns , and many more.

[@bookofmystery9670]

Could you share the resource where I could learn about it?? Thanks in advance

[@navyagupta6057]

Pl share the source from which you attained knowledge man

[@abhinayreddy4469]

Age is just a number.. it doesn't matter how much knowledge you had.. it depends how we take actions

[@prashanthtalla]

One cannot be wealthy by renting time but by owing equity....excellent!

[@ompatel958]

can you please explain me, what is Equity?

[@deepaksingh0777]

@@ompatel958 i think he is talking about stocks or investing money

[@aashishp007]

I swear to God... All those who wanna have financial literacy must listen to this short video... It's like a pledge before you take up any job👍👌

[@DeepakGupta-rx9mt]

I am from marwadi baniya . my family really help me to understand money .

[@mohitdasgupta4139]

I am kinda jealous

[@aniketbhanderi6545]

I am Gujarati Patel and my society also teaches great values for creating wealth too.

[@trailerhub6018]

Marvad me kaha se?

[@harsh.bhati.]

Can you give few of the tips

[@utkarshyadav1936]

can u plzz explain??

[@hardikchoksi7523]

I'm a Gujarati, and I can assure this. This is 100% accurate.

[@piyushmohapatra4642]

I beg to differ

[@girishbhatia6810]

I think one must invest money in diversity. Equity-50%, MF&Debt funds -20%, gold-10%, health and life insurance policy-10%. Savings account-10%.

[@Its_Pritam_]

after 50-60 years india will have many millionaires! So glad many people in their 20s including me, are starting their investment journey!

[@kushalagarwal703]

Same!

[@shaniyadav33]

@@kushalagarwal703 How are you investing Kushal?

[@DS-nq5qf]

I'm curious , what steps you are now taking to become financially independent ?

[@dipangkarsarkar1180]

Same

[@rushikeshshukla9241]

Many millionaires that really isn't possible do the statistics bro I am not the hater of ceo but what he is tell all of us is just the basic finical knowledge you can get it in any basic finance book.

[@Aman-vq5ey]

Kunal is one of the most chilled Billionaires out there!!

[@mehuldevganiya1049]

Kunal Shah knows exactly how Gujarati kids are programmed about Money. Awesome insights! Please write a book mate on Financial Literacy and Opportunities!!

[@rammohan1991]

Yet Gujrat is a backward state

[@Rahulshah-dw6np]

Read Rich Dad poor dad

[@DakshMore23]

Kunal should start a podcast. Seriously!

[@SuperSksmanian]

He has it already !!! Check CRED's channel !! Lots of Podcast with many people .

[@AmanSingh-qj3ss]

​​​@@SuperSksmanianu both , get out

[@anjali9524]

This is so true.Nobody talked about money management when we were growing up.

[@sameerkapoor5980]

am 30 and i genereally discuss with my colleagues, friends and peers that if they are investing ... and then guide them on it ... some have moved in the direction and well are saving more than they used to. wish others do this too

[@vaishnavisalunke7389]

I am watching & listening to this man for the first time... And I am just fan of his thinking 🌟👏

[@modernmogli5155]

Listen to him more on YT , specially the one on Beerbicep episode

[@arunvattamparambil5081]

ONE OF THE SMARTEST MIND IN THE STARTUP ECOSYSTEM👍

[@vedantmahajan4125]

Invest early, wait for long term , retire early and enjoy! 🥂🍻

[@mishrarohit723]

¹1

[@esportshighlights5050]

It's nt easy as u say

[@sugataghosh9137]

Thanks for so informative show. Vesy wise and knowledgeable person. Only I am missing your last question about his recommended books in this journey. Thanks a lot both of you.

[@faizelakhtar]

There is so much to learn about finance from the billionaire kunal sir. I request the grow team to plz upload the whole interview of kunal sir from thrive. It helps all of us to learn more.

[@Groww]

Hello Faizel, We have done so! Please refer to the link for the full interview: kzbin.info/www/bejne/bWG3fGd_etaso68 Thank you.

[@SimplifierOP]

@@Groww I am unable to understand thr maths discussed at the last

[@utsavlakhera1043]

Kunal Shah is legend !!! Amazing intellect and visionary man

[@mohankrishnar]

Time value of money... IRR function in excel... two basic things that every teenager should learn

[@Bsingh9376]

just a small point here , Engineering mathematics is used in Data Science , AI , ML and is of great use.

[@siddhantranjan1607]

Exactly !!! the host giving the example of differential and integral calculus with no use in real life is completely wrong and irrelevant.

[@shubhammittal5342]

Lol they are giving their perspective not everyone is engineer but financial literacy applies for all

[@Rahulshah-dw6np]

It's not about the specific topic which she mentioned, it's about how our education system is worthless cuz almost everything we learned is never gonna be used by people. And if we talk about AI, ML then what you think about how much people learned linear algebra, stats, probability, etc., and gonna make it into Data science? I say we gotta teach kids first that what's more important things in life(materialistic way) and then tell them this studies will guide you to attain that things. Then n only then more people will actually apply what they truly learned. I gotta say it's all about psychology, how our parent generation made money a bad thing. And if you're also in AI/ML tech then I suggest you to learn about finance. Actually, everybody should learn about finance. Hail #FinanceLiteracy

[@avinashnayak007]

The topic of conversation here is financial iq, so the point was that we've forgotten about basic maths (compound interest) which would help us in being financially strong and making wiser decisions with our money.... They are talking more on the finance line than on IT application...

[@ankitchaubey1293]

@@siddhantranjan1607 i use curve tracing in stocks to determine rates and sometimes prediction hit like i invested dr reddy it hit hard.

[@lazy-rich]

Awesome! Hope every Indian, especially the youth listen to him and start investing as early as possible

[@Sunanda_Deb]

I am just 15.... but I am gaining all the skills and knowledge about it right now....😊✨ And I love this❤️✨

[@sakshamrawat7540]

Correctly said people need to know about financial literacy , entrepreneurship and money in the same way we should know about environment , equality , citizens rights and democracy.

[@thesoaringbeast]

Make him India's Education Minister

[@LondonStory945]

1. Compound Interest doesn't work with Mutual Funds, It can even work with and FD when you keep it for a longer tenure by renewing it every year. 2. Mutual Funds show the returns of 16 to 22% from one date to the other on NAV, but we should consider the yearly average rolling returns which go to 8 to 10% overall. 3. While compounding, the inflation of 6% also gets applied to it. It follows the divide by 72 rule, which means the value of the money gets doubled every 72/6 = 12 years approx. It means 3 lacs in 2032 will be 1.5 lacs of today. 4. Compound Interest is highly effective when we keep invested for 30 to 40 years, which means your 70% of lifespan is gone just by investing your hard-earned money and compromising your needs all the time. 5. So, you should invest only the bare minimum amount to get the magical effect. Because there is least possibility that you will enjoy it considering your life span, health, and relationship with your children.

[@ap14spt]

It's a super interview and really touched the right point

[@VPN14494]

Waah, it was nice to hear three reference of "median''

[@ahmedsaeed2582]

If your are under 20 and watching this video, then there is 100% possibility that you are on the right way

[@ashishmalviya4291]

I'm 15

[@akashsaxena9061]

@@ashishmalviya4291 padhle dale

[@balumadasu402]

Short but very useful and powerful words thank you groww 🙏

[@ervivekchoubey]

That's very true. Talking about money and finance is like taboo. Talking about fiscal literacy, we get to learn about that a bit when we are appearing for some competitive exams and that too only for cracking the exams but not for application.

[@GanJinLan]

India needs this men ..... Jai Hind

[@brianlara64]

It would have been much appreciated,how one can be more happy without the influence of money than teaching money management skills.......this society has completely made us to live not as per our expectations!

[@mohammadmohsin8428]

Very nice spoked. Absolutely accepted !!!! man 👍

[@Whyashishwhy]

we need Finance 101 By Kunal Shah .... in Desi Dihaati bashaa ( Dobuu ) types.

[@charlesadsouza291]

Our parents weren’t born in a mutual funds or start up eco system. I feel it’s incorrect to compare. In fact thier savings helped us to get education n earn money frm jobs so we could invest in markets n discuss financial literacy which helps us to invest better

[@evergreen7781]

This man is my favorite ❤️

[@debajyotikabiraj4241]

Yes exactly, this is very true that Average per capita income is a vague term, the countries should use median capita income......

[@Manishdna]

I'm Indian as well! Truly enjoyed watching this!

[@madhunandanms3345]

At least you are honest about financial literacy, financial education being similar to sex education and Gujarati money mindedness. As an eternal student/learner, I have got to admit your smartness and business acumen.

[@ravipandey3977]

Once I asked a series of questions in my class, They were pretty basic She said I should get checked into a mental hospital

[@varunemani]

Thanks, lets pose a question based on your experience. Why do you think this happens in our country compared to progressive countries with low population and mature public caring leadership? It's a good story and a strong case you put forward helps to create a think tank on what we need to correct in our society and what we need to forsake and change so that we encourage financial curiosity and financial progress at younger age.

[@Ispeakfactz]

I read rich dad poor dad when i was 18. Really opened new doors for me.

[@snay6869]

it did

[@hemantbyahut7293]

For Indian people... Safety is important than interest... Becz its their hard earn money... They put money in bank just for safe from stolen.... Safety important..

[@stenoclassesonline]

Ekdum sahi bola. This is the ONE reason

[@ah5255]

Two sides of this video : Wonderful words of Kunal Sir ❤️ Fake aacent of that host🙄

[@arnoldarnold2653]

After watching this video i realised i literally know nothing about money even after having mathematics upto class 12th

[@hardikprajapati8080]

The must needed to know every young generation is away from credit card.... Credit card is injurious to your wealth.

[@20.keshavmore86]

I am 17 last half a year I am only getting knowledge of finance

[@kushagragupta9763]

Avoid *only*. It's important to diversify your knowledge base as well.

[@manishkumarpandey9702]

Well I am 18 years old and father always kept away money, stock market, property dealing profits and losses, even vehicle insurance type stuffs from me and he's always avoiding it by saying that he'll tell me this thing after some time and I don't know when that time will come........ Be thinks that after knowing stock market I won't be concentrating on my studies and one of my friend from Rajasthan used to do investing in stock market with his father after he got home from school since 7th class......

[@Vazeedshaik567]

Thanks to GROW for Every Video

[@AniketM18]

I started learning about financial independence , stock market , mfs etc . at 18 and it actually takes some time to observe around and get knowledge. So yes , one needs to start early.

[@Razrman]

Same here. Took me while of my 20s to learn about money and investments. In fact at 30, still learning 😃

[@35mm_DREAM]

​@@Razrman where did you get resources to start

[@silent7152]

we dont use differential calculus ?? how do you think compounding is calculated?

[@TheMsnitish]

Well, the people who wrote those financial tools / calculators / applications need it. Not the people who use the use the tool. I personally never had to use it.

[@diptendumandal9680]

Through simple arithmetic calculations

[@KarthikAbinav]

Underrated comment

[@Elite9CR]

0:31 Cred ceo from inside being like : arree jaldi bol panvel nikalna he!!🤣

[@andrewspaul7288]

Too many sensible punch lines....👌👌👌

[@danielblue6692]

I don’t know who needs to hear this but stop saving all your money, invest some of it if you want financial freedom

[@danielblue6692]

Invest in bitcoin, gold, silver, the forex market, buy stock, anything!

[@PratikPatelblackunicorn]

Kunal is absolutely Right ... I am From Gujarat and I got trained to think in Percentage from my school days. So absolute amount can’t be the barometer of my judgment. The only thing which makes me tick is percentage.

[@PK-fv4vc]

' Compound Interest is the Eight Wonder of the world '

[@rakshitkathawate8838]

Financial literacy well said , quite deep thought it has put pn our system. Thanks for sharing

[@sunilbadiger2872]

What is the meaning of successful ?

[@rekuzaaan]

I am turning thirty this year and I did not understand anything he said in this video. Yay.

[@ardeshirmehr5221]

Loved his lecture ❤️

[@ashishtiwaripundit]

First 20 seconds ...When Anu says success...Whats the definition? I feel 'Achieving monetary goal' sounds better not success.

[@gauravsharma-xx3tv]

I started investing money when I was 21 years old. I am 25 currently and in 4 years I have stocks worth 4 lakh rupees approx.

[@aadarshwali2629]

Youth icon of entrepreneur Kunal shah icon star 🔥

[@anshuldhok3407]

I don’t think 99% people will be correct I think after this KZbin thing many have started getting knowledge🤝💰

[@sandeepraju5764]

Since they know 99% are financially ignorant, these guys come up with flashy ads and stories so that they can get that SB account money out; so that it can be looted (as they will not understand the terms and schemes of these guys also 😊)

[@main.aagam.]

Two most popular and powerful companies come together

[@khosla15]

Those 2 % investors are going to exponentially grow

[@virajbhanushali9]

Kunal Sir you are the best❤️

[@sachinbhati1706]

Damn, your points 💯

[@JackSordakaPVS]

So frustratingly true...🙏🏼🙏🏼🙏🏼

[@SatendraYadav-rb2un]

Well, letting compound interest working in your favour, you got to be risk taker...that's what a missing link b/w being rich and having a regular income from Salary..early 20s, earn & invest aggressively.. before you reach 40s...you'll have financial freedom...my experience!!🙏

[@dheesundardas]

Sir I don't understand what ur company do but you have a amazing personality

[@shobhitsingh232]

😂😂

[@susanamarak4258]

Cred

[@simbanagpal7588]

How can we own natural resources?

[@siddharthk.sekher1960]

Yes!!! Yes!! " introducing Capitalism in the Education System!! " THIS IS EXACTLY WHAT WE NEED!! we need to remember that Socialism was added to our preamble by a crook! We are NOT a Socialistic country!! Wr are capitalist in every way!

[@ashishbera8089]

Nowadays everybody understand how equity market works.. thanks to Google

[@shishirsingh2738]

No way dude.. Talk on facts

[@Motiviz]

When will CRED go for IPO?

[@tarunsalecha6542]

Answers to dumb questions can make life more simpler.

[@SukhwinderSingh-xt9oo]

I mean i know we haven't been taught to operate money but the fact that not everyone has the support and financial support to start business can't be neglected and to have that initial investment they must have something that's the reason most of the parents put all their wealth to make their 18 year old write a fuc***g exam and even if their kid is able to get a job even that feels like a big achievement for them so preparing for exams like iit jee is also equally important and moreover it instils discipline and hard work which most of the population dreaming to be a millionaire or something lags..... it gives an initial start to the never ending journey...but still the video was awesome highly agree with the facts kunal stated... nice work..

[@redblazer29]

I'm 22 and just opened a demat account. Gradually starting to be that 1% Hope I didn't start too late

[@sourabhkulkarni1731]

Waaw!!, this video is so much informative......#Groww please give us financial literacy...

[@LovfromINDIA]

Very True...🙏

[@hrchandankumar2971]

Save money, save time, save work, save passion.

[@rajanpandey7432]

Superb explanation..👍

[@sanjanaa6044]

We want more of this

[@mdsarfaraz9153]

We Do Use Calculus In AI & Machine Learning

[@takeabreak2935]

Exactly to the point topic