Monika Halan on Money Mantras, Biggest Financial Regrets, and Handling Life's Real Wealth Well

I talk to Monika Halan, one of the rare voices of sanity in the Indian personal finance space and author of the best-selling book Let's Talk Money. We talk about key money mantras to live a balanced financial life, money lessons to teach kids, asset allocation, the biggest money regrets people have, and much more
To know more about this initiative, check out www.vishalkhandelwal.com/
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0:00 Introduction
3:15 Key foundational lessons on money
6:01 Women and money - what needs to change
9:08 Kids and money - How to get your young ones to learn about money
12:54 Key money mantras for a balanced financial life
19:45 Sanity checks while dealing with financial advisors
23:16 P2P lending - Beware the traps
26:23 Biggest lesson from Let’s Talk Money
28:09 Thoughts on the evolving Indian mutual fund market
34:35 Simplifying asset allocation
39:27 Biggest money regret people have
40:42 Monika’s personal financial mistakes and fears
41:54 Delay gratification, but not that much
42:35 Marrying the financially right person
45:34 How much money is ‘enough’
49:07 Handling life’s real wealth well
52:14 Biggest life lessons from Sri Aurobindo
56:53 Career advice to young adults
58:58 Commonly accepted personal finance wisdom Monika disagrees with
59:06 Most inspiring people
59:46 Only book Monika will not give away
1:00:01 Best and worst advice ever received

[@graceMASTER777]

Hats off to Monika......what a LADY she is.. .. absolutely stunning in her words and thought process, was stuck to the entire conversation, what lovely rare topics touched upon...simply awesome ....such talks are so rare to find....HATs OFF AGAIN....

[@devendersingh4303]

I like Monika talking moral values, ethics and money simultaneously

[@navissek9704]

Money does not necessarily buy happiness. However, Money does solve one's money problems.

[@arnabbhattacharya6579]

Every word she speaks is pure gold. ..thanks Vishal. Nice hosting.

[@sunilparida5623]

10:20 , what a beautiful and true lesson for parents.

[@isaacmorris1397]

taught my kids about personal finance at very young age, Both 14 & 16 now respectively and are making above $2k passively. If the younger generation can take their mind off the social media they can learn to make more money and earn freedom!

[@pascalmarthing7471]

Very true my friend! Personal finance should be taught in schools that will help a lot

[@patderrick6474]

Hello sir, I'm 32 still trying to find my life right now. Can you please share a little tips to help someone starting out

[@anthonyfelix8334]

@@patderrick6474 Here's a way 1.Focus on your career 2. Learn a skill and start a side hustle ( it can be passion driven) 3. Learn to save 4. Invest (its a proven way to get richer)

[@frankyuldi1131]

@@patderrick6474 Invest! That is so much important. I will advise everyone to start as soon as possible

[@abrocharlie1836]

Speaking about investment, can I grow an extra income stream from investing?

[@MerrilDiniz]

Such a grounded impressive interview - her language is so mindful and is a true reflection of Sri Aurobindo's philosophy.

[@pranavmandora]

Sir you are doing a wonderful Job by bringing such quality content to us at no cost.

[@sajjuthomas123]

Vishal ji...Keep up the excellent work..Free of cost insights to us retailers..Dil se Thanks

[@sujatasoparkar2853]

Very impect full conversation. The questions and answers shows the depth of personalities. I am so thankful for the organisers for this program. Where the righteous path is shown regarding money.

[@krishnaconsciousness6659]

Buys when it solves your problems. Great. Learning

[@aashishrana9356]

Wow! Lot of valuable in insights. I learnt a lot from this conversation. Conversation is so deep.

[@pradi1000]

A Very Great Intiateive.. I have Watched all Shows.. Learned lot

[@dr.manojpatil8289]

Thanks for sharing great information Monika madam shared precious information

[@dreamzz79]

Philosophical conversation unlike the previous sessions

[@johnlasater8094]

Very insightful and inspirational interview. Enjoyed it. Keep giving us this kind of meaningful content.

[@shankhanag]

Great conversation. Enjoyed and learnt a lot. The questions show the depth of study by you before you interview someone. Hats off. It will be very much useful to have a tab containing quotes used in the interviews (in the website) alongside audio, transcript, and book recommendations.

[@imranshaik5880]

Great insights of life.... Thank you madam

[@user-hb7lc1jw1h]

Vishal Khandelwal- I thoroughly enjoy your interviews…..the finance parts but more specially so the psychological aspects of the discussions - life/ how much more-enough/balance saving- spending and give away aspects. Need to know more examples on how to give away and get a satisfaction that is higher than making more

[@mg.f.9023]

Thanks Mam, for pointing out how Banks miss sell Insurance products to venerable people!

[@dey_ankita]

One of the most enlightening talks I have ever come across ❤️

[@maheshv3546]

So true. Almost felt like spiritual talk ….especially 16:49 onwards for some time....I immediately thanked god that I'm not hurting anybody while earning living.

[@rajeshpv6283]

Mam love the way you put across things , seeing your pod casts and really your talks are making my thoughts more assuring. Some one authentic telling you are ok right path , thanks

[@aryanbayas]

Thanks....keep up the good work.

[@amartyachakraborty9306]

Brilliant show.Thanks

[@shikharganjoo]

You deserve a SALUTE Vishal every time you speak!

[@krishnaconsciousness6659]

Not feeling lesser. Thanks for advice

[@srinivasulureddy4217]

Very interesting & meaningful conversation

[@77nehajain]

Loved the conversation 👍🏻👍🏻

[@shobhitgarg5707]

Nice explanation, keep it necessary

[@smartindian4899]

Vishal, Good job! Good work is not sold best. 👍👍👍

[@skassociatesnz5940]

That was lovely

[@omayorupagan]

Great interview Vishal

[@mathewsjohn4361]

This is about life and not about money. Poetic. Give constitutional authority to such power packed minds of India.

[@dipakpatel3086]

A very Enlightening Interview. Thank you very much. I am an avid fan of your shows. Keep up the good work. Just a thought do you plan to present any shows on simplifying the Complaint ie a Simple flowchart raising awareness for retail investors in various sectors. Thx once again.

[@vijaybhaskarthati567]

Great show

[@chinmaymehta28]

I am a CFP an mf, insurance agent and I can't agree more about the amount of misselling that goes on. Insurance products are the most used tool for misselling. Sebi has taken great steps in regulating MFs, but all it has done is push distributors to sell insurance products more as they give a higher commission. A similar tightening of the insurance industry is also needed to truly curb misselling and give better options to the retail investor

[@religionofpeace782]

The point is, the insurance industry cannot run if they become transparent. The misselling is what has been keeping them profitable since long. Insurance is the biggest undisclosed, hidden scam that's legalized by the government!

[@dharamsingh6363]

Great learning sir

[@134568990]

Awesome

[@maheshchander2415]

Excellent interview 👏 👌

[@venkatasaikumardudigam5034]

Nice interview Sir

[@kedarisgreat]

The biggest private bank of India sold me an endowment product that gives an XIRR returns of 5%. Bad part is I am forced to pay for 12 years. If I cancel the policy, I will get back only 1/4th amount I invested.

[@harshmishra4793]

You are no worse than anybody else, i am going to strict with this line. thanks for sharing this wonderful lessons mam !

[@GeetGaataHoonMain]

Good one👍

[@shaunbuthello7920]

Please have 1% show with Ramdev Agarwal .. great value investor

[@mozamshaikh4652]

Good 👍

[@theutterrealist]

She is beautiful.

[@tanmayamallik6064]

27:00

[@pradi1000]

Please have one show with Mr.Goutham Baida

[@siddharth0401]

We all could be a dollar millionaire when we r still young

[@buellkhasimai8931]

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.

[@cathyspiegel6765]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach How good is this person at portfolio diversification, particularly with regard to digital assets?

[@terrallcoscarelli7002]

Heard many good recommendations about TERESA JENSEN WHITE, and her profitable strategies by some brokers in a seminar and other platforms, I think she's the real deal for people to talk good about her, I will give her a trial and see how it goes then.,..

[@cathyspiegel6765]

Thanks so much I was able to find her page and I already leave her a message.

[@buellkhasimai8931]

I'm surprised you know her too. I've been making a lot of profits learning and investing with her for a few months now. TERESA JENSEN WHITE is one of the best mentor/trader I have ever worked with in the past few years, she knows how best to deal with whatever market situation.

[@shubham1122]

Disliking because of too many ads initially..

[@shiv8566]

Why this guy even asking this irrelevant question on discrimination men and women? She is successful women.

[@trendsofmarketindia7232]

Not much new in this ... Waste of time

[@prableenkataria2006]

You must call Mr Gurmeet Chadha CIO complete circle capital on your show @vishalkhandelwal