Guide to start your Financial Literacy Journey
“if you take control of your finances today, then you won’t be a victim of them tomorrow” — Emily G Stroud
In general terms, I can say finance is about understanding numbers. Like we did in our childhood stages. It is just like understanding the basic math of 5th-grade student with some understanding of basic principles of how all that system works.
I saw many individuals who were in their teenage age and looking after their career opportunities. While doing that, they often forget to look over their finances. As many years went by and taxes started affecting them, then they are looking for financial advices.
I know even me, loves to spend on things that I have ever wanted? Especially when I’m earning by on my own. Spending money on things which gives you joy/ happiness is the best feeling ever. But spending wisely is the lesson here.
For me, it was started when I get to know about the differences between assets and liabilities after spending relentlessly on non desired things & ended up with nothing at month-end. Sad, but true
So not to repeat it, I have collected some links and references to help my friends who keep asking me from where do I have learnt those things
This list is having some basic question which my friends generally asked me and their answer in a video form to start your financial journey, Without further due here we go.
what is Sensex/nifty ?
What is Sensex and Nifty? | Learn with Upstox ft. Pranjal Kamra — YouTube
What is the difference between investment vs trading?
What is mutual funds?
What is Mutual funds | Mutual Fund for Beginners in Hindi — YouTube
What is share and equity?
Types of Shares — Equity and Preference — YouTube
What is that’s in Long term and Short term planning or thinking?
3 ways to plan for the (very) long term | Ari Wallach — YouTube
What is the difference b/w Liability vs Assets
assets and liabilities explained in hindi , liablity meaning and asset meaning in hindi — YouTube
What is the difference b/w Long term capital gain and short term capital game?
what is Long and short term capital gain on properties || LTCG and STCG in Hindi || — YouTube
Simple vs compound interest?
Power of Compounding — पैसे का सबसे बड़ा राज़ — YouTube
Basic component of our salary with exemption and deductions
Best Tax Saving Guide | Complete tax planning for salaried persons | FY 2021–22 — YouTube
Hope this list will help you out, Do let me know if there would any queries you have, I would love to answer them all.