Financial Literacy | Anuj Sharma | TEDxJUIT



this is the story of my first startup that failed as my first startup failed I was supposed to join the MMC's which had come to the college take the placement and go to Bangalore living in Bangalore in the silicon city of India gradually over a time period of a year I started to realize and actually find who were the happy people and the not so happy ones in this big city happiness was all about a double-digit increment a 50% hike in salary when you switch the company what more a heart filling weekend spent with friends but friends these friends vanished as soon as you moved from your company to another one it was a pre-designed track for everyone where one would come stay and spend according to their level of need or capability I was losing the track of a happy life I was losing the control over my love my life and gradually I was losing my peace of mind I thought we were here to chase our dreams to make a career to find something for ourselves to accomplish big deals in our lives that the society our family and our friends expect from us but what's going on here we were just losing the pace of our lives I thought it was the time to hold the horses it was the time to pack the bags and start finding the real meaning of happiness I left my job came back home and started looking for answers where was the answer my answer lied in my personal finance I lost the track of my own personal finance how do I spend my hard-earned money how do I spend my parents hard earned money now with a lot of research lot of study and getting into a lot of fieldwork where I would meet a lot of professionals from finance studying from the documentation is done by say B the Securities Exchange Board of India and I asked em and a lot of local bodies I tried to meet as many Expos I could I try to figure out what's the basic mantra behind the happiness behind them peace of mind and behind your very own personal finance during my second startup which is a social enterprise where I work around financial literacy I found out two very common things from where I started from and where I was if you look at this picture there's one thing common like except for me if you look behind me in the pictures towards my right I have people behind me this is the picture when I joined a multinational company in Bangalore it was with the first training room all the engineers all the selected people who had reached their destiny after the college and on my left that's a picture from governments school in a rural area these were the student who were attending a session conducted by us so the common thing between them is beat them the engineers or be these the school students both of them were financially illiterate most of us sitting over here have a lot of intellect a lot of knowledge and we understand a lot of things but finance my own personal finance nobody taught me that in school nobody taught me that in college and even after that I could not find anyone teaching me my personal finance talking about the moment when you actually realize how would a step-by-step thing work with finance work with starting up work with your learnings coming to the main point of my talk over here risk failure and learning these are the three vitals of any activity that we do today we cannot ignore taking risk if you take risk we cannot avoid a failure but my friends if you haven't failed you haven't learned for real if you haven't accepted a failure you haven't had the experience of the real courage and if you're not learning from that failure my friend you still need an awakening talking about how the modern-day startups work modern-day startups work on taking a risk quickly failing quickly and learning quickly quickly quit learning with the help of technology we are able to compress these failures on a smaller scale and expand the learnings on the larger scales now it's not just about starting up risking failing learning analysing innovating moreover a financial discipline is a catalyst which actually works when you take that risk when you are ready to fail when you are open to learn talking about financial discipline what's financial discipline okay to some it might sound like a very big deal financial discipline oh my god very big words but on your personal level financial discipline is just sticking to the terms for a particular period of time that's it I have 500 rupees in my pocket I will not spend it for next two days or maybe I'll spend them today for an activity and ever spelt them today it's just about sticking to your terms for a particular period of time talking about starting up in India starting up in India nowadays is more over in fashion in trend our government is supporting startups institutions are supporting startups everyone talks about startups but the stardom of startups is being confused with the rounds of funding two of my startups that I'm working on our bootstrap the term bootstrap means you have no external funding you are working from your own finances or you are spinning the wheel spinning the wheel in a start-up means you have customers who are paying who are paying for your services who are paying for your products well this is the most boring way to put it it could be more amusing how many round of funding do you have how many millions have come in how many investors do you have so the stardom of a startup is being confused with the amount of money it has raised in my words it's more about creating value than the valuation it's more about solving the problems then talking about them it's more about finding a person in need and helping him the only thing we need to take care about is the financial discipline the ability to take risk the boldness to accept your failures and the courage the courage to learn from them getting towards the end of this talk many of us in fact almost 90% of the people that we meet every day have a similar notion have a similar notion about things about things happening around and about our own daily routines now that's called a bubble bubble of people you know the bubble of a society the bubble of the creatures around you the task of a person who wants to start up the task of a person who wants to create something new is to break that bubble and get out it's not just about thinking out of the box as I said it's about implementing that thinking with courage discipline and ability to learn by this time if I track the numbers and figures of all the things going around here we are creating a lot of data now why would I talk about financial literacy or personal finance and then come to data in this modern technology world everything we do is recorded we make a phone call we make a chat we chat on whatsapp or any other application we book a taxi online we order some food online we transfer any money whatever we do everything is recorded everything is recorded to protect your behavior please don't be so predictable don't become so predictable to the system that your habits make this phenomena of prediction into prescription today technology will give you an option that you may like this tomorrow if you are too much predictable for a very long period of time technology may tell you ok you liked it like this last month this month this is what you have because you were too predictable now I'm prescribing it to you so this level of prediction to prescription works with the data that we create every day the activities we do every day so kindly be cautious my friends don't be too much predictable with your data don't be too much open to the prescriptions make your own choice make your own choice walk your own party and try to lead alive which is just not full of theories not just full of things that have already been done and you spent the whole day or the whole all the days of your life in perfecting what has already been designed just take a step forward and find it for yourself thank you [Applause]

9 thoughts on “Financial Literacy | Anuj Sharma | TEDxJUIT”

Leave a Reply

Your email address will not be published. Required fields are marked *