Decode Yourself | Nadamuni Padiri | TEDxHimalayan International School Youth

0:06 Degrees help you survive but financial literacy helps you thrive.

0:10 Once upon a time in a small town they lived two friends Karan and Arjun.

0:15 They did everything together.

0:17 Same school same college.

0:20 They graduated with flying colors joined IT companies

0:25 started their professional journey and earning similar salaries.

0:31 Life was good at the start.

0:33 Later they got busy and it was family job

0:41 and work busy and they they got so busy.

0:46 Later Karan and Arjun a decade after Karan Arjun

0:50 met together once again their life looks very different.

0:56 Both had kids, marriage but their lives look very different.

1:00 Karan earned one more degree his postgraduation despotion certifications.

1:11 Despite of all this he was struggling.

1:14 He has car loan EMI home loan EMI bills responsibilities.

1:20 He is literally in survival mode.

1:23 And coming to Arjun, he was same start and he had same salaries a decade

1:33 before but he he was invested in a third rental property.

1:38 He understands how the investment works and how how

1:43 the compounding effect works and most importantly he is free.

1:48 Why?

1:49 Because Karan earned degrees while Arjun earned financial wisdom.

1:54 Karnan learned how to earn but Arjun learned how to multiply.

2:00 Isn't this only current and Arjun story is

2:03 a story of millions of educated Indians who are brilliant,

2:08 hardworking, sincere but they are financially broke.

2:13 our we are we we pass the examinations

2:17 but fail to understand how money actually works.

2:21 So let me tell you why this story so close to me.

2:25 I am Naduni.

2:27 I grew up in a small village.

2:29 My parents were farmers.

2:32 My I am studying.

2:35 Our dinner conversation was about survival.

2:38 We never talk about investments or growing

2:41 how to generate multiple source of income right.

2:45 So our we are just for us only is uh

2:50 education is not just important it's the only hope for us.

2:54 So I did everything for that.

2:56 I studied I failed multiple times in my CA

2:59 journey but finally I have earned the title charted accountant.

3:04 Despite of all this education, I I was financially struggling.

3:10 One hospital bill for my parents wiped all my months

3:14 of savings which which we are struggling for it to get through.

3:21 So I was totally dependent on my credit cards which by each of month every month

3:28 by second week my all my salary is

3:30 gone and totally dependent on my credit cards.

3:34 I was working so harder but felt poorer every month.

3:39 So every each day when I go to the beduh when I'm

3:44 sleeping I feel that I felt that something is not working well.

3:49 something I feel that I am working at under potential.

3:53 How many of you do feel the same and one

3:57 night I'm sitting alone staring at bills and spreadsheets.

4:02 I understand that I can make I can analyze a billion

4:06 dollars company but I don't know how to manage my own money.

4:11 Something stuck in my mind.

4:13 This is not really that we are it's not I felt that I stuck

4:20 in chakra view like abanu stuck in mahabar he could enter but he could not able

4:26 to escape from it like that I stuck in loans emis bills responsibility I I I

4:37 was struggling for it I for that I I am fighting a far with unknown whom

4:44 I was not trained for it and something that night I felt that how can

4:50 I become an Arjun Arjuna Arjuna need needs

4:54 Krishna right like I need some coach guide

4:58 or mentor to face that financial struggles

5:03 so there then I started my studying joining

5:07 courses and hiring coaches I studied everything I

5:11 could on personal finance investment and wealth building.

5:16 So I'm I I felt that I'm becoming closer to becoming closer

5:24 to what uh breaking the chakra view that's where the build framework was born

5:32 B u which helps me is my bow arrow chariot and my strategy

5:40 is five step which can help us to go from survival to abundance.

5:46 Let me introduce my framework.

5:53 B for breaking the limiting beliefs.

5:56 Middle-class people can't take risk.

5:59 Rich people have the backup.

6:01 We have more responsibilities.

6:03 Isn't that we are hearing heard from our elders, peers, society.

6:10 Is it we believed it as a true but the real truth is it's

6:16 it's not the outside world is risky it's our it's our ignorance is risky.

6:23 If you believe that you can't able to build

6:26 the wealth you never even try for it.

6:30 It's like a bird raised in a case even the door is

6:33 open still it won't fly because it won't believe that it can fly.

6:38 Likewise that is the that belief will be

6:42 the first prison and breaking it is your first freedom.

6:46 So if you want to that beliefs you want to break it

6:50 when you are on the way to journey from survival to abundance.

6:55 Next understanding where you are most people want financial

7:00 freedom but they don't know where the starting point is.

7:04 It's like you are moving to you are trying to reach Mumbai but you don't

7:10 know where you are whether you are in Delhi or whether you are in Chennai.

7:16 Let me ask you something.

7:18 Have you seen people they are earning good but still

7:23 if you ask them what how much you are

7:26 saving what is your spending they have no clue

7:29 no idea about what is the what the return they

7:33 are getting it is it and no sense of net worth isn't it only for them most of us

7:41 don't track it right here is the shift once

7:44 you start shifting your once you Start understanding your numbers.

7:49 It's like a Google map for your financial life.

7:53 So stop wandering.

7:55 Move with a direction of clarity and direction.

7:58 So clarity is power.

8:00 Without it, financial freedom is just a fantasy.

8:04 Going to increase your income intentionally.

8:08 I so most working professionals think that they want to increase their income.

8:14 They keep switching off those jobs by chasing 10 to 20% of their hike.

8:20 Do you think is it really intentional growth or survival

8:24 with race is just the true financial wisdom financial progress

8:32 will come not by switching jobs it's by st changing

8:35 strategies yes you need to invest maybe SIPs you need

8:40 to explore the mutual funds you need to you need

8:44 to see uh build the long-term portfolio let's compounding do

8:49 its magic And next question you need to ask is

8:53 what can I do to create another streams of income right?

8:56 You may be good at explaining the concept.

9:01 Start a digital course.

9:02 You may be mastering for project management.

9:05 Offer consultancy.

9:07 You may be good at passion fashion fitness finance.

9:12 Do share share your knowledge.

9:14 share uh guide and your knowledge is like your unused gold.

9:21 Utilize it, share it, guide it and yes you get paid for it.

9:27 In today's world job security is just an illusion.

9:30 Only skill set security is the real wealth.

9:35 Right?

9:36 Next moving on to increase learn how to multiply.

9:42 Once you start earning the income,

9:46 next question you need to ask is how how should I increase my income?

9:50 Saving is safe but if you keep saving it won't multiply your wealth.

9:56 Playing safe will not multiply your money.

9:59 Most other people park their money in savings account or fixed deposits.

10:06 If your money is earning 4% but your inflation is 6%,

10:11 do you think you're you are silently losing your money?

10:15 That's where investing comes in.

10:17 It's like a planting a tree.

10:21 It may be grow slow at slow but gradually it will grow.

10:25 Even SAP of 2,000 per month can beat

10:29 10x more salary who is not maintaining well.

10:33 So take borrow the authority or take

10:37 the responsibility collaborate with others don't compete collaborate

10:42 with others and be in the right environment

10:44 which can help you to multiply your income quicker.

10:49 Real wealth true building wealth building is not just how much you build.

10:55 It's all about what you do with what you earn.

11:00 Design your wealth legacy.

11:03 Most other people think that wealth legacy mean is just uh property gold.

11:13 But is it the true legacy?

11:15 It's your mindset awareness, self-awareness and values you pass on.

11:20 If you pass on your property to your children

11:24 without telling you carry forwarding financial wisdom,

11:31 they may face similar financial struggles what you have faced.

11:36 So talk about money, let the kids learn about how the money actually works,

11:42 teach about the money, savings, investing, how it will multiply.

11:48 Most importantly, help others.

11:51 that will gives you fulfillment in your life.

11:55 Then I'll leave you with a simple road map survival to awareness.

12:00 It is breaking your limiting beliefs.

12:04 First break first prison is your mindset.

12:08 Break the limiting beliefs.

12:12 You understand where you are.

12:13 Without uh without knowing the direction destiny, you can't reach the destiny.

12:19 If you know where you are starting from, increase your income.

12:23 Do don't just work hard, work smarter with skills and fashion.

12:32 Multiply.

12:33 Learn to multiply your income.

12:34 Saving is best.

12:36 But if you are multiplying, if you are increasing it,

12:39 if you are investing it, that will multiply.

12:41 Design your wealth legacy.

12:43 It's not what you built, it's what you pass on to others.

12:47 I will.

12:48 So degrees can give you job but financial literacy literally give you freedom.

12:54 Degrees help you to survive.

12:56 Financial literacy helps you to thrive.

12:59 I'm telling once again you need financial literacy to help you to survive.

13:04 I will conclude with this.

13:05 Thank you.