Gaurav Mahshruwala is one of the top financial planner in India. He started his own venture called ACE - short for A cutting edge in 1994 and since then has helped several other entrepreneurs with financial planning and investment strategies. Gaurav also has his own column in Times of India where he talks about tip & strategies using which people can stop worrying about money and focus on the important things in life. We have him on the show to talk about some of the aspects related to entrepreneurs, entrepreneurship, financial planning and money.
In this episode, we talk about:
How can entrepreneurs generate wealth?
Why it is important to keep taking money out of the venture
How to distinguish between assets and liability
Is there a difference between Good Debt and Bad Debt
Why it is better to pay EMI on a property you own vs. paying Rent
Why it is better to put your extra money into your EMI rather than Stock market
How to get poor quickly
Couples should go on financial date
Links to relevant resources:
Yogic Wealth
Gaurav Mashruwala
ACE - A Cutting Edge
Podcast Karo
Rich dad Poor dad [Amazon]
Podcast Karo:
Starting a Podcast is not easy – we get it. At Podcast Karo, we squeeze out the secrets and behind-the-scenes on what it takes to make a successful podcast. Learn from the Pros and rock your podcast. Visit PodcastKaro.com to start and rock your Podcast!
Gaurav's advice:
[bctt tweet="Don't fall ill, don't retire and don't die, if you want - Gaurav Mashruwala - India's top Financial planner"]
[bctt tweet="Take a loan and get out of it as soon as possible - Gaurav Mashruwala - India's top Financial planner"]
[bctt tweet="Pay EMI rather than your Rent - Gaurav Mashruwala - India's top Financial planner"]
[bctt tweet="Get quick rich is a get poor quick scheme - Gaurav Mashruwala - India's top Financial planner"]
[bctt tweet="Sometimes people try to convert hobby into a venture, it ends up being neither - Gaurav Mashruwala - India's top Financial planner"]
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A huge thank-you to Gaurav for joining me for this amazing episode. Until next time, Keep Rocking!