📰Subscribe to my daily newsletter that makes you smart in just 5 mins: https://earlycookie.com
📚My favorite books about personal finance and building wealth:
4 Hour Work Week: https://amzn.to/3IrONS8
Psychology of Money: https://amzn.to/3ukWCEf
Rich Dad Poor Dad: https://amzn.to/352MFT4
The Intelligent Investor: https://amzn.to/3NgCxrl
What everybody is saying: https://amzn.to/3IBUqgu
The Psychology of Persuasion - Influence: https://amzn.to/3tH3JI5
Rich Dad's Guide to Investing: https://amzn.to/3iuK0Vt
Hey friends!
🎞Video In-brief or just a short note:
In this video, I'm going to talk about how you were programmed to be poor or how you were conditioned to be poor, or how you were raised to be poor due to the Indian mentality and poor school system which promotes getting marks, mugging up, being in good books of teachers, etc, etc
Whether it's our schooling system built during the industrial revolution, the way media programs us to be poor, or the phenomenal success of large companies who are able to subconsciously program you to spend until you've got nothing left, the odds are definitely stacked against us all.
We're all brainwashed by the education system and our parents too have undergone that whole process so, everyone is shaped to be poor.
I also discuss something as simple as why you should not say I can't afford it but, instead, say How can I afford it.
Our schools or factory workers manufacturing machines have had a negative effect on our generation, our predecessors, and our future ones too.
How can we fix this mentality of being poor? I've discussed this too here.
We're all stuck in a hamster wheel for example I'll not be surprised if the majority of you were good in science at some point and were facing a dilemma to choose engineering or medical leaving commerce aside (which is pretty important in this world as we're never taught financial literacy or how to be rich and not be poor.)
Did you know that usually, a CEO is paid 351 times more salary than a normal employee!! Does he/she work harder than you? I don't think so.
How do we get out of this comfort zone and how do we actually become wealthy? Being lazy, lethargic and in a rut can destroy us but, we can get out of it using simple tools like meditation, exercising/ workout, or something as simple as going for a walk.
I also talk about the power of compounding and how you can become rich/wealthy and practically get free food for life if you invest just 2000 INR per month and reap all the benefits of heavy stock market returns especially in booming markets like India!
The school doesn't teach you financial literacy because obviously, the teachers themselves don't care or know anything about financial literacy and the government is too naive to think about it. The school didn't teach me or us useful stuff which can actually change our lives so, we have to spend extra time to learn about money, personal finance, bank work, credit cards, investing, crypto, etc..
From this, I remember a famous dialogue of Rich Dad or Robert Kiyosaki: They don't want you to be rich or they want you to be poor. Keep them poor...well this too, suits the scenario here. There are some simple steps and if you do those, You will be poor again.
This video is inspired by creators like Vincent Chan, Graham Stephan, Ankur Warikoo, Sorelle Amore Finance, Akshat Shrivastava, Ali Abdaal & Lana Blakely.
There are many good books which I've read about personal finance and becoming wealthy and here they are:
Rich Dad Poor Dad
The Intelligent Investor
The Psychology of Persuasion - Influence
Rich Dad's Guide to Investing
4 Hour Work Week
You can always see the video for more info and do suggest the points I can improve on!!
If you liked this video, do consider subscribing here: / @dhruvbudhiraja
⏳Timestamps:
00:00 Introduction
01:53 We're all brainwashed
02:30 Home/Parents & the mentality
03:45 School (Factories)
06:05 Heya! Subscribe :)
06:12 How to fix the mentality
07:30 We're all stuck
08:30 You can easily be replaced
09:40 What can you do about it?
10:30 Comfort Zone
11:00 Power of Compounding (Interesting Bonus)
12:45 Ending Note
📸My Gear:
Phone (Samsung Galaxy S20 FE 5G)- https://amzn.to/3ggwALC
Camera (Phone: Samsung Galaxy S20 FE 5G)- https://amzn.to/3ggwALC
Earbuds (Oneplus Buds Z & Z2)- https://amzn.to/3ofgTJ5
Keyboard+Mouse (Logitech MK240)- https://amzn.to/3KYR5ux
Laptop (Acer Predator Helios 300)- https://amzn.to/3rlQ33R
Tablet (iPad 8th Generation)- https://amzn.to/34tTZqr
Pencil for iPad (Kingone Upgraded)- https://amzn.to/3L7619O
⌨Meta:
yt:cc=on
Video Language: Hindi
Subtitles in: English
🎵Music:
EPIDEMIC SOUND
📺Title:
How you were raised to be poor (The Indian Mentality & Solution)
How you are Taught to be Poor (Sheep Mentality & Solution)
How you are TAUGHT to be poor (Sheep Mentality & How to Build Wealth)
Thank You
Dhruv Budhiraja