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Business and wealth mentor Ron Malhotra has helped set up multiple highly profitable businesses and has given talks worldwide
He joins Vinamre this episode to talk about:
1) His immigrant story and accidentally becoming a financial planner
2) How he handles his finances while being a maximalist
3) How Ron thinks burn-out can be easily avoided
You can follow him on his socials:
LinkedIn - / ronmalhotra
Instagram - / theronmalhotra
Timestamps:
(0:00) -- Introduction
(2:14) - Ron’s Immigrant story
(5:14) - What’s life like for Australian teens?
(7:47) - A police raid made Ron want to be independent for the rest of his life
(10:14) - Becoming a financial planner through sheer charisma
(13:29) - Making money, keeping money, and multiplying money are all different skills
(17:24) - Wealth figures in India are grossly exaggerated
(22:01) - Buy well, never sell is a better mantra than buy low, sell high
(26:51) - Common ways of squandering your wealth
(29:24) - Ron’s way of spending money
(33:02) - Frugality isn’t a viable strategy for everyone
(37:04) - Money isn’t everything, but neither is anything else
(40:56) - You can only create wealth while you have income
(45:24) - Educational institutions offer you false security
(49:04) - The rules of entrepreneurship are very different from rules in institutions
(53:31) - Does the world not need employees?
(57:26) - Burning out is a consequence of working on the wrong things
(1:00:29) - Risk appetite is the biggest predictor of a country’s prosperity
(1:06:00) - Entertainment gives us negative connotations towards money
(1:08:14) - Virtues and vices of new and old money
(1:12:00) - Ron’s take on masculinity
(1:23:15) - Women abdicate their authority for the right guy
(1:27:00) - Society places an incredible amount of value on white men
(1:30:52) - Indian subservience is a huge problem
(1:34:40) - Ron’s message for the audience
Listen to the audio version of the full podcasts at -
Spotify - open.spotify.com/show/70vrbHe...
Google Podcast - podcasts.google.com/feed/aHR0...
Apple Podcast - podcasts.apple.com/in/podcast...
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