5 Financial Lessons From bahubali 2

Two years ago, Director SS Rajamouli did not just make a film but a world of its own. Baahubali is received huge appreciations from everyone. Every section of the audience had dream to see this film on the first day of itself. Movies often teach us a good lesson which are rarely taught in our B-school. Recently released legendary movie Bahubali 2 is creating milestones on the Box Office. But besides these Box Office Collection, the movie teaches us many Financial Lessons. It is just we need to have an open mind to understand and incorporate them in our day to day life.

Hope you find some business lessons from the Bahubali movie valuable and it may also help you attain success in the financial market. 

Here are some financial lessons that every investor learn.

The waiting game eventually pays off.

Baahubali forfeits his right to the throne but never loses sight of the kingdom. It took two generations to finally gain the kingdom. Similarly in the field of investing, the waiting game eventually pays off

Spend Big To Earn Big

Baahubali pays a huge price throughout his life. He forfeits the throne. He also gives up a life of luxury to live among the commoners. Eventually, he also gives up his own life. While investing the same principles hold true as Most of us tend to trade and invest without understanding the actual costs and the opportunity costs. We hold on to our investments for a long time and get out at the wrong time.

When to be greedy and when not

Bahubali’s brother Bhallaldeva cherish a dream to become the king, however he was more driven by wrong greed. investors should know when to be greedy and when to be fearful.

Hope you find some business lessons from the Bahubali movie valuable and it may also help you attain success in the financial market. If you are finding difficulty to attain success in the financial market. 

We at Moneymindz.com will make it easy for you. Just give us a missed call on 022-62116588 to explore our India’s best Free Advisory Service.

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You Don’t Need Superstars

Baahubali proved that you do not need big stars to create a blockbuster movie. That is true of your portfolio too. You need star potential; not just superstars in your investment portfolio.

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Add creativity to your advantage

Bhallaldeva strategically acquires the powerful arms and weapons while Bahubali was left with weak tools and armoury. While everybody wondered that how can Bahubali even stand against the Bhallaldeva’s strong and powerful troop? He came out with a unique solution where he used oiled cloth to kill his opponent by fire. So Bahubali basically used limited tools as an opportunity to become creative rather than an excuse. Someone has rightly said-

In the same way, we might not possess all the resources to achieve our goal in life, but if we use it diligently, we can still reach our targets with limited resource. For example, as a trader it’s not mandatory to possess hi-fi software and screeners to analyse your trade, rather the experienced traders often use simple price chart, volume, trend lines, support-resistance or other simple tools to analyze their trade.

In simple words, all you require is sound knowledge of the subject and the creativity to use it diligently.

Importance of Financial Literacy For kids

Financial literacy for kids is about ensuring that your child is educated on the best way to manage finances. This is a way of securing their future. This is because they will be able to learn how to manage money in all ways possible. This helps them spend wisely at all times.

Kids now a days get aspired to be astronauts, scientists or entrepreneurs.

No matter what they become when they grow up — a computer whiz, talented artist, gifted surgeon or a competent lawyer — Financial Literacy for kids is important as it prepares the toddler for a brighter financial prospect. It is the duty of every parent to make sure that their children have adequate knowledge on cash matters. Good monetary literacy will help your child to have a good understanding and awareness of cash 

But the challenge for parents is in familiarising children with ideas such as inflation and insurance, without boring them to tears with our usual rants?

Parents can share real time example so that they don’t get bored. You can show them youtube videos relating to finances.

Do you want your kids to be financial independence? We at Moneymindz.com will make it easy for you. Just give us a missed call on 022-62116588 to explore our Free financial Advisory Service.we are not a seller of any financial products. We only provide FREE financial advice so that you are not mis-guided while buying any kind of financial products. 

Take inflation, for instance.

Prices of products and services going up over time is something we can make our children understand. This is the foundation for many other concepts such as supply and demand, interest rate and the need for savings.

The story of rahul a maid in Bengaluru, is used to introduce this idea The old lady he works for plans a birthday party for her grandson and buys goodies such as chocolate cake, toys and new clothes. When she casually mentions the price she paid for these, Mani is shocked; just six years ago he had bought these items at bargain prices.

He thinks someone had fleeced her, but she explains how prices go up over time and that is normal.

This fact gets rahul worried, as the cash he has been stashing in a bag under his bed may not be enough for the more expensive future.

Grandma explains the idea of getting money to grow and decides to keep his money in the bank to earn interest.

No rocket science here, but the story repeats the price increase in different products — all of them of interest to children — to ensure that the point is made.

And rather than preach economics, it moves on to the practical question of how price increases can impact you adversely and what you can do about it. Putting aside money for a rainy day is another life lesson and a habit that can be taught early.

Introducing insurance

Sufficient savings may not be feasible for many situations and some risk mitigation ideas are needed. Insurance is explained through a clever and time-tested story-in-a-story (one and a half stories) format, bringing old-world kings and jungle robbers along with car and health insurance.

A precious crown is to be made for a king, but there is the risk that a dacoit in the jungle may strike when it is transported. A clever lady suggests a deal to the goldsmith — deposit 20 coins and she will pay back the 200 coins it took to make the crown in case it is stolen. This backdrop is used to explain modern day insurance products, with a new product idea of toy insurance thrown in.

Financial independence is a supreme power: Says Padma Shri winner

A Padma Shri recipient, winner of a People’s Choice award, Miss World 2000,  actress, singer, American TV star… You know who she is. Priyanka Chopra . But do you know what she thinks about money? 

Professionally, it is difficult to sum up Priyanka Chopra in one word—she is a Bollywood superstar, pop singer, TV star of the popular show Quantico, debutant in Hollywood’s upcoming movie Baywatch, former Miss World, and now a regional movie producer. However, when it comes to her own money management, the one word that she uses for herself is “ant”. “When it comes to an everyday situation, I am like an ant. I keep putting money aside because I know that if I want to splurge, there is a big mountain of money that I can use.”

Here are five money lessons that she stands by.

1. Financial independence is a supreme power

The first money lesson that padma shre winner learnt from her mother was the importance of being financially independent. Her mother had played a important role for in her financial independence her Mother always said that when a woman is financially independent, she has the ability to live life on her own terms. According to the her that was the best advice that she ever got. No matter where you go in life, or who you get married to, you have to be financial independent. You don’t know which curve balls life will throw at you. Hence, you need to have the ability to take care of yourself and people whom you love. Earning itself doesn’t make you financially independent. When you know how much money you have, where it is and what it can do, it’s easier to take decisions. (How to invest like warren Buffet?)

2. First save, then spend

“This habit of saving first and then spending was inculcated even before she started earning—when she used to get my pocket money. she used to save her pocket money. She was not a miser. She used to keep putting money aside because she know that if shewant to splurge, there is a big mountain of money that she can use which gets accumulated,” says Chopra.

One must always save a part of what one earns. The target need not be very high target in the beginning. The equation should always be income minus savings is equal to expenses. You can do this by putting your savings on auto-pilot by letting a fixed amount be invested every month.

3. Seek professional advice

Chopra is among the busiest stars in the Indian film industry. Since her work leaves her with little extra time, she depends on a team to manage her finances. “she have a good team who takes care of all of that. she leave it to the people who actually know what they are doing.she have a really amazing team, which includes her business managers over there (in the US) and over here (in India). Her mom heads it. So, she don’t even get into the nitty-gritties,

The money that you earn and save needs to be managed productively. So, if you don’t have time or don’t understand money management, seek professional help. Your financial planner or adviser will not only help you make appropriate investment decisions but also reset the financial discipline that you need to achieve your goals. A dedicated financial adviser whom you trust can bring clarity and stability to your money life.

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4. Be regular

Be it your studies, career, or investment, your efforts need to be consistent to get results. “If you consistently ace every exam or every test you take, you will keep on getting A+. If you study for all small tests, and get an A+ for all, eventually you will come first in class. Anything you do, you can’t lower your standards; eventually you will win. The plan is not the big win; the plan is winning today, right now,” says Chopra. Incremental investments need to be made regularly. To grow wealth, money needs to be added bit by bit. Be disciplined in investing. Besides keeping money aside consistently, take a relook at investments when needed.

5. Keep track of your money

In the initial days of her career, Chopra used to keep track of her money by jotting down details in a diary. “Initially, mom and I used to have a little diary where we would write what is coming in and what is going out just to keep track because there are months where you get a lot of money and then there are months where you get nothing. So you have to be able to make sure that you even-out for the entire year. This was especially so in the beginning for me,” shares Chopra. Whether you have a regular income or not, begin with writing down all expenses. You could use a diary, and Excel sheet or even apps. If you track your cash flow, you will be able to track down unnecessary expenses.

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