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How To Save $20k A Year On Repeat (Without Cutting Back on Spending)
Saving $20k a year seems like a pipe dream for most of us. And when we are indeed seriously considering saving $20,000, the first thing we think about is how to cut back on spending! It’s such a shame that even in 2024, gurus are preaching on canceling your Netflix subscription! I almost took that advice and stopped binge watching Netflix, and my creativity suffered. I felt mentally exhausted! So, I don’t know about you, but if you value your creativity and mental health more than $20 Netflix su
Why I Don’t Listen to Financial Influencers
Money rules! Money definitely rules… more of it makes life easier. But that it not quite the point I am trying to make! My problem is with the usual Money Rules that get thrown around without discretion. Yet, most of us are clueless about what financial “rules” to avoid! Want to listen to this as a podcast instead? Ones - tips that not only fail to grow your wealth but might even set you back. In the realm of money some of your favorite finfluencers are divided on their opinions. Some say put al
5 Surprising Hacks to SAVE Thousands Without BUDGET
Explore groundbreaking savings techniques that defy traditional norms, revolutionizing how you manage your finances. This article unveils strategic approaches that not only challenge but completely reshape your financial perspective. Click this link to listen to the podcast: Prepare for a transformative journey that prioritizes innovation and effectiveness, steering your financial path towards resounding success. Auto Saving: The Silent Transformative Force Auto saving goes beyond the mechanical
7 Places Your Money Needs To Go When You Get Paid (OPTIMAL SAVING ORDER)
For most of us, the ebb and flow of our finances follow a familiar pattern - spending more at the start of the month and tightening our belts as the weeks progress. Research indicates that our spending peaks during week one of the month, gradually decreasing as the weeks go on, and then surging again in week 4 in anticipation of the next salary, whether you get paid on a monthly basis, a weekly-basis, or a fortnightly basis. However, breaking free from this cycle and creating a solid financial f
7 POOR Habits That Keep YOU Stuck In The Rat Race
Introduction: Money, a driving force that has shaped my journey for the better part of my life. Over the past 15 years, I've immersed myself in the world of economics, earning degrees and working within the financial services sector. Today, I invite you to delve into a discussion about the seven habits that often lead to financial struggles. Let's explore these habits and discover ways to break free from their grip. Habit 1: Neglecting Investment Opportunities In the current economic landscape,
5 REAL Differences Between Average and High Income Earners
Money has motivated me for the best part of my life. In fact, I have spent the last 15 years getting multiple degrees in economics. And then, working in the financial services sector for over a decade. And here's one thing that I have learned about money that impacts your financial situation disproportionately: EARNING MORE MONEY In fact, you don't need me to tell you that, the more you earn, the more you can save and invest and also spend. Just think about it. If you are on a 50 k salary and s
Are High Paying Jobs ACTUALLY Dream Jobs?
For the longest time I thought a dream job is the highest paying job. And coming from a middle class family, that's what you generally aspire to have more money in your life. And that's perfectly valid. As I have grown through my career and I have seen other people's careers unfold, I have realized that a dream job has more to it than just money. In this episode, I want to break down for you the highest paying job categories that I have seen in my career and broadly are present in society toda
5 WARNING SIGNS That You Need to Quit Your Job NOW
There was a point in my life when I did not have a two day weekend. Most of the weekends were taken up by work. I used to work in the big four consulting firms and I used to love consulting. However, I was extremely overworked and underpaid. If you are feeling a bit jittery about your current work situation, here are five warning signs that your job might be ruining your life. 1. The first sign is that you get the Sunday carries or the Monday blues. This was not really happening to me because I
5 MUST READ Personal Finance Books That Changed My LIFE
I have always been a voracious reader, but in my twenties I almost lost the habit of reading. But I'm so glad to have found back my habit of reading and these days I read a lot thanks to my Kindle. In this blog, I'm going to discuss with you five of my favorite personal finance books. 1. So, the first one on my list of personal finance, favorites, is a book called The Science of Getting Rich by Wallace d Wattles. This was recommended to me by one of my senior mentors. The name sounded interesti
The Problems With Finding Your PURPOSE
I have always been jealous of the people who always knew what their purpose was in life before they even started their careers. I mean, that would be nice, but that wasn't me and it's very likely if you are reading this blog, that it's probably not you. If you are on social media or any kind of media, you probably have heard that, find your purpose, find your 'Dharma', Live your passion, and you will never work a day in your life. Look at movies like Eat pray love. So many people, I personally k
Motivation Is Not ENOUGH: Here's What To Do Instead
Over 50% of the people who subscribe to my emails told me that they are looking for a new job so that they can earn more money, they can have more balance in their careers, and they can keep learning and challenging themselves. And 46% of them actually wanted to act right away. However, when asked, over 50% of them told me that time and their motivation was a big struggle when they wanted to act. I get it. I was this person at one time. I'm an entrepreneur at heart and I had been wanting to sta
Escape The Rat Race: What School Failed to Teach You About MONEY
The schooling system is meant to teach us literature, arithmetic and logic. Some schools end up doing a great job at it. Even when they do a great job of it, they don't end up teaching us practical skills about personal finance that we need as responsible adults. I have heard the rhetoric that schools should teach more personal finance. I'm still making up my mind about where I stand on that argument, primarily because I think financial literacy is one thing, but the mindset around personal fi
Secrets The RICH Use to Program Themselves For Wealth (STEAL THESE)
Most of us have a plan. We'll win the lottery and then live happily ever after. However, what most people don't realize is that most of the people who win the lottery go from rags to riches to rags within a span of five years of winning the lottery. On the other hand, there are some people and some families who come from war tone zones, who lose all their riches to the war and end up going from rags to riches within the next 10 years. A lot of personal finance focuses on the math of the money
My Biggest 4 Financial Regrets
This is a picture of me on my graduation day. I did a lot of things right. I went to college, I got the right degrees. I got a job. I started earning early on in my life. I started saving early on in my life. I did not accumulate credit card debt or any debt for that matter. However, there are these four financial regrets that I have till date and you realize that it's not all about the money. 1. I did not start investing my money early enough I have a Master's in economics and I majored in f
9 Life Altering Money lessons I Learned from the Rich
When you think about Rich, what comes to mind? Men in suits, cruises and yachts, high end luxury fashion brands, gourmet food, access to exclusive memberships. Maybe, access to a financial wealth manager. However, in my last 10 years of being very close to very rich people, and actually through my life, having access to a lot of privileged people, I have found that these couldn't be farther from the truth. Here are nine personal finance lessons that I have learned by being around wealthy people
4 Financial Minimalist Hacks I Use to Live a RICH Life
I track every penny that I spend. I don't Buy coffee. I cut my own hair. I go to the supermarket that has the lowest price for berries, and I spent our searching for a 20 P deal for a 10 pound purchase. You'll notice that the computer behind me is turned off because I have been trying to save pennies on my energy bills. Wow. I got through that with a straight face. Only two out of those are true. And I'll tell you which two at the end of this post and why. But before that, here are four persona
ECONOMIST EXPLAINS: Is It Really Worth Buying a House in 2023?
Stop throwing money on rent and paying your landlord's mortgage. This is something that has been told to most of us for so long that we have started believing this. However, in 2023 with the interest rates peaking across the world, does buying a home necessarily mean that you have arrived in life? Of course, there are some advantages to buying your own home. For example, when you buy your own home, you are building equity, which means that there's a part of money that no one can take away from
Is Financial Freedom Worth It?
My retired parents are traveling the world in exotic locations while my sister and me in the prime of our age are working hard, saving up for a retirement, which we are not even sure we are going to live for. So, I understand why the financial independence retired early movement, also known as the F.I.R.E. Movement is so lucrative for so many of us. So, I really wanted to dissect in this episode what is F.I.R.E. F.I.R.E. is actually a sustainable way of living, and today I am writing about my
Financial Advice that Makes You POOR
So, did I get that right? 20% in commodity, 30% in stock, 40% in crypto, 40% real estate and rest in business. So, that is how I grow my portfolio to 200% of what it currently is. Before I go any further, I must tell you that I'm not a registered qualified financial advisor. So, whatever I say is purely my understanding and my experience. If you want personal finance advice, please speak to a regulated financial advisor. With that said, honestly, there's so much of terrible financial advice out
Skills that Make You 6 Figures
You'll never get rich working for someone else. You don't need to go to college to build wealth. Who comes up with this terrible advice? In fact, data shows that in the United States at least, people who have a college degree or above earn twice the amount of a high school graduate. Six figure incomes might not be very common. However, there's a strong correlation of certain skills with six figure salaries. In fact, I've seen this with myself and within my student community. In this post, we
Does Your Net Worth ACTUALLY Impact Your Happiness?
Money doesn't buy happiness. How long will we keep quoting that 2010 Princeton study? It's 2023. Inflation has gone up significantly. What used to cost $75,000 back in 2010 costs considerably more now and that study was done for a particular demographic living within the United States. So, does that really hold water across the globe? Money is definitely not the sufficient condition for being happy, But I do think it's a necessary condition. So, increasing your net worth can actually make you
5 Secrets to Stay RICH +1 to Avoid
My family lost several millions of dollars over the last couple of generations, and yet we have managed to weather the economic and political uncertainties and here are a few things I was taught as I was growing up. When most people think of wealth, they think about hand me down savings and investment pots. In fact, economics will tell you the way to increase your savings is to improve your income or reduce your consumption, or a bit of both. Most people, in my opinion, obsess too much about red
7 Habits That ACTUALLY Made Me RICH
I would love to tell you that I wake up at five in the morning, hit the gym, take a cold shower, green juice, 30 grams of protein, one hour meditation, and finally then I get to start my day. However, then I'd be lying. Here's what I do instead. I have developed seven habits over the last five years, which have made me significantly happier and wealthier in my life. Today I will share those with you. 1. Build multiple income streams An average millionaire has about seven income streams. In 2
9 Fun Ways you can make Money Online (THAT ACTUALLY WORK)
Content Writing is the first piece of work that made me money online back in 2007. Since then, I've made several thousands of dollars online. So, in this blog, we are going to talk about nine ways of how you can make money online, and I'm also going to rate those nine ways in terms of the upfront investment required and the ease of getting to your first thousand dollars. 1. Content Writing This has to be my favorite one because this is in fact what got me started to making money online back i
7 Popular Investing Myths Keeping You Broke
Investing is only for the rich. In fact, that's what 45% of the respondents of a HSBC survey believe when asked why they don't invest more, 23% believe that they don't know enough about investing. And 21% believe that investing is too risky. Now with that perception of investing, let's bust some myths. To listen in to this blog click here - https://spotifyanchor-web.app.link/e/UJTkoDtslyb The first one is investing is risky. Okay, agreed. All investments carry some risk, but, let me ask yo
How to Keep Your Money safe - Banks Failed
Two US banks failed last week and with high interest rates analysts and economists across the world are expecting a recession soon. Today we are going to talk about what's a recession, why we are expecting a recession, and more importantly, how you can prepare for a recession. If you want to listen in then click the link https://spotifyanchor-web.app.link/e/lgvTjSpydyb What is a recession? A recession is technically described as two quarters of negative economic output. So, if the GDP of your
The REAL Truth About Layoffs and How to ACTUALLY Prepare
We are in March, 2023, and we have already seen123,000 layoffs this year. This compares to 161,000 layoffs across all of 2022. Today we are going to discuss about how you can prepare for a layoff. If you want to listen to this blog please click here; https://spotifyanchor-web.app.link/e/L3DWfpuobyb We have seen a majority of layoffs specifically within the tech sector, but obviously that has repercussions across other industries, especially within financial services. So if you think about why t
AI Advisor vs HUMAN Financial Advisor: WHO WINS?
I have worked within the financial services industry, especially with artificial intelligence technologies. I asked ChatGPT, about personal finance, but more importantly, I wanted to find out if ChatGPT can replace financial advisors in 2023. When ChatGPT came to the market in November, 2022, I was beyond excited to try out this new tool. If you don't know what ChatGPT is, ChatGPT is this AI conversational chat bot that was brought to the market by a company called OpenAI which had backers lik
Without Budget - 7 Frugal Habits that ACTUALLY work
I save over 53% of my income, and today I'm going to tell you how. I'm going to share with you seven personal frugal habits that I have, and if you stay till the end, I will give you a bonus rich habit that I also have inculcated over the years, and that has made me more money. But first things first, let's talk about the frugal habits. Habit number one is knowing my inflows and outflows. I don't mean budgeting, but I mean, having an overall picture of how much money comes into my bank account
My $1,000,000 Plan
Today I'm going to share with you my plan of getting to a million dollars. While reading this, obviously remember, that this is my individual plan. This is not for everyone. First up- Earning more money is easier increasing your savings. So, I will focus on increasing my earnings. First is my day job. I am a big believer of personal development and actually inculcating high income skills, and that makes me quite a unique person within my sector. I will continue to work on my skills and tha
7 Things I Avoid Buying
I save over 53% of my income, and here are seven things that I don't buy. Please note that these are seven things that I don't find useful in my life, but if you choose to spend your money on those, no judgment whatsoever. Everyone's life is different. Everyone's preferences are different, is what I have learned as a student of economics. And without further ado, let's get started. The first thing is packaged water bottles. I carry my water bottle wherever I go. And that means that I simply don
6 AMAZING Ways To Make Money With ChatGPT (MUST READ)
Here are six ways to make money as a content creator using ChatGPT. I'm an economist and I have worked within the financial services industry for over 10 years, especially within artificial intelligence technologies, and I could not be more excited to share with you about how you can use ChatGPT to make more money. What on earth is ChatGPT? ChatGPT is this AI conversational chat bot that was brought to the market by a company called OpenAI. OpenAI is backed by big backers like Elon Musk in its
Science and Spirituality - the story of The Abundance Psyche
Today, let me tell you a bit more about yoga, science and the story about why I decided to name this website The Abundance Psyche. There are several reasons actually… Want to listen to the episode instead? Holding on to Abundance has served me well One is that, you know, whenever in life, I have held on to an abundance mindset, acted as if I have nothing to lose, and everything in the universe is working for me, that's when I realised that I had the best times in my life, both in my career and i
How to grow your career strategically?
Tired of stagnation in your career and hoping and praying that one day, some day your boss will realise what an asset you are? Or worse even, completely given up on your career and want to find joy elsewhere? Then this episode is for you. Want to listen to it instead of reading the transcript? Sudeshna Hi, I'm Sudeshna from The Abundance Psyche, and you are listening to the Not-so-Corporate podcast. Here we talk about all of the not-so-corporate things that we corporate entrepreneurs do within a
Career development!
"How to grow my career fast?" I hear you searching on Google... if only it was that simple! Now, tell me honestly, when you think of career development, what do you think? While managing people and also working with my students, I have seen a systemic pattern- most of us, when we think about career growth, development and change, instinctively think about career progression. And that's great. Except, career progression and career development are completely different things. Both could meet at so
Fulfilling alternative careers for lawyers and consultants stuck in soul-sucking jobs
Sudeshna Hi, I'm Sudeshna from The Abundance Psyche, and you are listening to the Not-so-Corporate podcast. Here we talk about all of the not-so-corporate things that we corporate entrepreneurs do within and outside our work. And today I have with me the former lawyer- Sarah Cottrell. Sarah has been actually one of the major inspirations behind this podcast. Sarah, welcome to the show. I just wanted to read a couple of lines. She's amazing. She's the founder of formula, and the host of the formu
Data Science Careers
What I learned about Career paths after spending a decade in Data Science Not everyone wants to be a leader. And not everyone wants to code for the rest of their lives. And then there are some of us, who want to do both. For as long as possible. Having spent around 10 years in Data Science now, there is some wisdom I want to share on growing in your data science career. It’s already been 10 years since Harvard called Data Science the sexiest profession of the 21st century. In spite of this “sex
The classy way to handling toxic office politics
Work politics! None of us like it. But all of us have to deal with it. I wanted to touch upon politics, work politics. I will try and coach you through this as much as I can, so keep asking yourself the questions along with me. Do you like politics? What does that bring up for you in terms of emotions? What do you like about it? What do you not like about it? Understand all of those emotions that are coming up? Think about what politics really is. Want to listen to this episode instead? What doe