Corporate Life | Less ego. More saving | Stock Market Learnings from Mr. Anil Singhvi
Corporate Life
When I was in the job world, I would often crib to boss - I am far more efficient as compared to my colleagues - I prepare the financial models in a couple of hours , whereas others take 2-3X that time Boss would say, if you complete your work faster , you must come to me and seek more work. We are part of a family and hence all fingers cannot be alike
You make financial models better, he makes me feel better :)
In other words, dont complain while cross-subsidising some else - thats the reality of Corporate Life
And since you had sold your time : 930 -630 from Monday to Friday and weekends ( need-based) , contractually you must go to the boss and seek more work :)
Entrepreneurship does not have these limitations - you dont sell your time, you sell outcomes - and thus, you dont have to cross-subsidise someone as part of the "family" concept
What do you think?
Link to my 7.5 hour Financial Modeling course
[CAJobPortal Insights] Less ego. More saving
How often would you have seen a field Sales Executive, drawing a salary of INR 50k per month, using an iPhone, sporting a costly bike, wearing branded clothes and dining in expensive restaurants
You would often wonder – why is this person living beyond his means ; what if there are adverse situations , why doesn’t he save for a rainy day
As Morgan Housel wrote in The Psychology of Money, saving money is the gap between your ego and your income.
Often, we spend our money on things we don’t need, just to feed our ego. This comes in the way of our financial freedom and future options.
“Modern capitalism is a pro at two things: generating wealth and generating envy. Perhaps they go hand in hand; wanting to surpass your peers can be the fuel of hard work. But life isn’t any fun without a sense of enough. Happiness, as it’s said, is just results minus expectations.”
Spending money to show people how much money you have is the fastest way to have less money.
Social media, influencers and retailers seem to conspire to create the illusion that we are not “normal” if we cannot afford a certain lifestyle
Rather, wealth is created by suppressing what you could buy today in order to have more stuff and more options in the future
What do you think?
#money #people
Stock Market Learnings from Mr. Anil Singhvi
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