From Code to Cash: How This Engineer Cracked the Personal Finance Code | Cashvisory Podcast EP5
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- Опубликовано: 1 июн 2024
- Join us on this fascinating episode of the Cashvisory Podcast, where we explore the intriguing journey of Manoj, a seasoned tech professional who transitioned from a project manager in SAP to the head of support at SAP Commerce. With over two decades of experience in the tech world, Manoj shares his profound insights and personal anecdotes on making the leap into personal finance. Whether you're a young professional taking your first steps into investment or a seasoned investor looking for fresh perspectives, this episode is packed with valuable advice and practical tips to help you navigate the complexities of investing efficiently and wisely.
KEY HIGHLIGHTS
- Manoj, a seasoned engineer, will discuss his motivations for delving into personal finance and his unique perspective on wealth management.
- Gain a fresh perspective on personal finance through Manoj's analytical and problem-solving skills honed in his engineering background.
- The episode equips young professionals with actionable strategies and resources to confidently initiate their investment journey.
- Learn strategies for managing emotions and making rational decisions when faced with portfolio volatility.
- Understand the potential and risks associated with cryptocurrency investments, and how it might fit into your overall strategy.
- Discover effective approaches to managing finances efficiently, even amidst a demanding schedule.
- Gain insights on navigating market fluctuations with a long-term perspective.
- Engage with Manoj in a rapid-fire Q&A session
CHAPTERS
00:00 - Introduction
01:24 - Journey from Engineering to Personal Finance
05:02 - Motivation to delve into personal finance
06:46 - About Manoj’s Finance sessions
11:56 - Thoughts on Finance with technology
14:00 - Recommendation to newbie in Starting Investment or Finance
17:46 - Thoughts on Investment other than FD,Gold etc..
22:00 - Managing portfolio Volatility
24:51 - Views on Crypto
27:36 - Ways to manage our finances in busy schedule
29:47 - Advice about insurance to young people
33:17 - About Manoj’s management of his own portfolio
36:33 - Suggestions on how to use their Bonus
37:56 - Rapid Fire
39:52 - Conclusion
Wow Manoj .. very engaging and informative!
Nice talk!
Insightful!!
So proud of you, dear Manoj. ❤
Super🎉
Fantastic ! Thoroughly enjoyed the podcast. Being a person who taught herself personal finance on her own during the course of past two years...and still learning I agree with you for the most part...I started with laddering FDs...slowly graduated to index funds and then went on to gold and stocks etc. The thing I disagree with here is that fin-influencers are teaching the wrong stuff....I don't want to mention specific names but then there are fin-influencers who have the same thesis as your's and have the same intentions as well...just that they have a huge following....
On a lighter note...won't you also be called so when your following eventually becomes huge....imho those influencers are needed to cater to such a diverse nation for them to be able to deeply penetrate and make the poor / middle class/ youth financially able.
Hope through this medium you too are able to reach out to more people. This is a very noble cause. All the very best 👍☺️
Thank you so much @Shirupagupta! Your kind words and feedback will keep us motivated to do better.
We 100% agree with your input on finfluencers. Any movement that helps a lot of people out, also has it's pitfalls. The same goes for the finfluencer ecosystem. The intention wasn't to vilify all finfluencers as a blanket statement. People should continue learning from their favourite influencers.
The points we want to highlight are:
1) Don't follow any advice you find online blindly. Do your own research or work with an expert who can give you customised advice.
2) Universal advice is dangerous. For instance, everyone should buy stock x or ETF y. You need to see what is suitable for you.
3) Look for credibility nudges while following finfluencers. And no, this is not just a good following base. Look for certifications, licenses, whether they invest their own money, etc.
I think the point made in the podcast was quite straightforward that " one should avoid fin-influencers" in general and not a certain kind of those. There are a number of assumptions made here:
1) A person watching this content (which is good content) isn't already accessing that kind of information.
2. The person who is learning from wrong/ bad content will have the intellect to pay attention to this content.
The RUclips algorithm itself throws similar content at the viewers. If one watches beerbiceps then Raj Shamani channel automatically pops up.
So the reason why I even brought it up here is because if one happens to linger here by any chance then it's an opportunity to bootstrap the process of learning investing. And that one statement is quite dangerous because when the RUclips algorithm throws similar podcasts at the viewer, the person will simply avoid it and move on.