Five Thoughts About Money
Learn five important thoughts about money, such as its purpose, its effect on self-worth, and how it can enable moments of joy. Find out how to teach your child about money.
Radhika Gupta
MD & CEO @edelweissmf. Vice Chair @amfiindia. Young Global Leader @wef. Daughter, diplobrat, mom, money manager, sari lover. Storyteller and author: Limitless.
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Five thoughts about money, that I want my child to learn first.
— Radhika Gupta (@iRadhikaGupta) June 11, 2023 -
1. Money does have a real purpose. It enables you to fulfil your dreams, it makes the little and big things in life easier. It adds comfort, it enables moments of joy, for you and people who care for you. So earning money and saving money is important.
— Radhika Gupta (@iRadhikaGupta) June 11, 2023 -
2. But money cannot define you. Never let it affect your sense of self worth or your confidence, because it has the power to do that. Never let it affect how you are and behave with others either, because people are more than their bank balance.
— Radhika Gupta (@iRadhikaGupta) June 11, 2023 -
3. Gratitude is the most important money attitude. You have more than I did, and I have more than my parents did, because each generation has worked hard. Use what you have to take another leap, to take risks, to create opportunities that we never had.
— Radhika Gupta (@iRadhikaGupta) June 11, 2023 -
4. Greed takes you down. Finance is one of the best paid industries in the world, yet the biggest and best fall hard because of greed. Know the value of “enough” and never take a shortcut to earn money. It can never be worth it.
— Radhika Gupta (@iRadhikaGupta) June 11, 2023 -
5. Your parents have earned a living managing money. But first focus on managing your biggest asset - your talent, and you are playing in one of the best markets in the world - India. Learn to read, write, think, fall, rise, dream, create and build.
— Radhika Gupta (@iRadhikaGupta) June 11, 2023 -
You can learn to manage money much later. It isn’t that hard :)
— Radhika Gupta (@iRadhikaGupta) June 11, 2023
And when you do, mutual funds will help you and I hope you will believe they are Sahi!