THE ABUNDANCE PSYCHE

Hi everyone! Ever wondered what are the habits that are keeping you poor. Tune in to learn more about it.

00:00 Introduction to Money Management Insights

00:20 Breaking Free from Poor Money Habits

00:40 The Importance of Earning More

01:09 Saving vs. Spending: Finding the Balance

01:25 Beyond Savings

02:02 Investment Strategies

02:40 The Ultimate Financial Strategy

03:13 Learning and Integrating for Financial Growth

03:59 Navigating the Pitfalls of Bad Debt

04:39 The Distraction Dilemma and Financial Focus

05:25 Mindset: The Foundation of Financial Success

Hey everyone!

In this episode, we are discussing investment strategies in 2024 for beginner, intermediate and advanced levels.

Tune in to learn more about it.

00:00 Investment Strategies: From Beginner to Advanced

00:12 The Basics of ISAs

04:23 Exploring Pensions

06:22 Intermediate Investing

09:17 The Importance of Financial Advice and Avoiding Scams

10:49 Advanced Investment Strategies

14:19 Investment Goals and Enjoying Wealth

Hi everyone!!

In this episode, we are discussing some interesting facts about the Rule of 72. So, tune in...

00:00 The Rule of 72 Explained

01:19 How Accurate is the Rule of 72?

02:25 The Rule of 72 and Investment Choices

04:00 Understanding Inflation and Its Impact

05:04 Applying the Rule of 72 Beyond Finances

05:29 Join the Six Figure Club: Career Growth Strategies

Hi everyone! Tune in to listen to full episode to learn how you can become a millionaire even on a low salary.

00:00 Beyond Six Figures

00:35 Understanding Compound Interest

01:34 Time: The Most Valuable Asset in Wealth Building

03:40 Increasing Your Principal: Strategies for Growing Your Investment

06:57 Smart Spending and Income Growth

08:42 Maximizing Your Returns

10:15 Investment Wisdom

13:08 The Psychological Barriers to Wealth

14:38 Conclusion: The Power of Boring Investments

Hey there!! Today I am sharing with you what NOT to do if you want to become rich. So, let's dive in..

00:21 The Hard Truth About Business

00:41 Personal Journey and Business Insights

01:51 The Realities of Starting a Business

01:56 Understanding Business DNA and Challenges

02:24 The Simplicity vs. Difficulty of Business

03:10 Why Pursue Business in 2024?

04:03 Practical Steps to Building Your Business

05:17 The Importance of MVP and Continuous Improvement

08:12 Transitioning from Building to Running a Business

Hey there! Today we are going to discuss the magic of Compound interest and its significant impact on increasing net worth, especially after reaching the initial $100k mark.

00:00 Unlocking the Magic of Compounding: Your Path to $1 Million

02:31 The Surprising Reality of Savings by Age in the UK

03:23 The Stark Contrast of Average vs. Median Savings

04:19 Three Essential Strategies to Hit Your First $100K

Hey there!

Today we are discussing The Law of Attraction, with a particular focus on the aspect of attracting money.

Tune in for the whole episode.

00:00 Introduction to the Law of Attraction

00:29 The Power of Focus and Attention

01:50 Raising Your Vibration and Choosing Your Circle

02:28 The Infallibility of the Law of Attraction

02:55 Overcoming Imposter Syndrome

05:07 The Power of Visualization and Manifestation

06:24 The Importance of Action in Achieving Goals

06:47 The Power of Positive Feelings and Mindset

07:30 Improving Awareness and Setting Expectations

11:23 The Power of Gratitude and Visualization

13:10 Setting Realistic Goals and Embracing Abundance

15:13 The Law of Attraction and the Law of Action

15:25 Conclusion and Call to Action

Welcome to The Abundance Psyche Podcast, where we unravel the secrets to financial success and professional growth.

In today's episode, I am sharing my journey —one of doubling income through the potent blend of personal development and business acumen.

00:00 Introduction: Doubling Income

00:18 Taking Radical Responsibility

01:26 Obsession with Personal Development

03:59 Understanding Business

08:02 Communicating Your Value

10:32 Conclusion: The Radical Shift

Hey there! Today I am going to share with you a day in my life as a working mother and as a Product Manager in Financial Services.

01:26 Breakfast and Lunch: The Tesco Meal Deal

01:58 The Workday Begins: Meetings and More Meetings

05:45 The Role of a Product Manager: Navigating the Corporate System

06:49 The Evening Routine: Family Time and Meditation

08:04 Late Night Work: Abundance Psyche Projects

09:19 Reflections on Being a Product Manager

Hey, there! Today, we're diving into the heated debate: Investing in stocks vs. real estate.

If you've wondered whether stocks outshine real estate or vice versa, you're not alone.

In this episode, we'll dissect the growth potential, liquidity, accessibility, management commitments, risks, volatility, and tax efficiencies of both investment giants.

So, grab your favorite drink, relax, and let's explore the dynamic world of investing. This is the Stocks vs. Real Estate debate on the Abundance Psyche Podcast! #Investing #PersonalFinance

00:51 Understanding the Growth Potential

03:18 Accessibility and Liquidity: Stocks vs Real Estate

04:26 Management and Time Commitment

05:48 Risk and Volatility in Stocks and Real Estate

06:55 Tax Efficiencies: Stocks vs Real Estate

08:13 Personal Preference and Diversification

Hey there, I am Sudeshna. I am an economist with over a decade's experience in the financial industry. Today, I am discussing some personal finance rules that I find overrated and some that I find underrated.

So, let's dive in.

00:00 Introduction to Overrated and Underrated Personal Finance Rules

00:34 Budgeting

01:16 Owning a House

01:39 Paying Off Your Mortgage Early

02:33 Financial Independence and Retiring Early (FIRE)

03:33 Rebalancing Your Portfolio

04:46 If It Sounds Too Good to Be True, It Probably Is

05:18 Studying Economic History

06:05 Understanding Economic Cycles

07:36 Starting Your Investment Journey Early

08:22 Diversification

12:01 Increasing Your Income

Hello everyone! I'm your host Sudeshna. In today's episode, I'll discuss my detailed review, analysis, and personal view on Robert Kiyosaki's book 'Rich Dad, Poor Dad.'

00:19 Controversies Surrounding 'Rich Dad, Poor Dad'

00:42 Personal Journey with the Book

01:37 Understanding the Principles of 'Rich Dad, Poor Dad'

02:25 Critique of the Book's Views on Education

03:49 Discussion on Assets and Liabilities

05:02 Views on Taxes and Corporate Structures

10:31 Learning and Earning in a Job

13:01 Mindset and Habits for Wealth Creation

16:54 Getting Started on the Path to Wealth

Do you know you can save $20,000 more annually without working additional hours or cutting back on spending. Today, I am going to talk just about that. So, let's get started...

00:00 Introduction: The Secret to Saving More

00:27 The Misconception About Saving Money

00:55 Increasing Your Income: The First Pillar

03:01 Exploring Side Hustles: The Second Pillar

03:39 The Difference Between Side Hustles and Businesses

04:40 Avoiding Lifestyle Inflation: The Third Pillar

05:03 Automating Your Savings: The Fourth Pillar

06:04 Conclusion: The Simplicity of Saving More

In this episode, I would like to share with you my journey of evolving from a consumer of luxury goods to embracing simplicity and focusing on wealth generation.

00:00 Introduction: My Journey with Luxury Fashion

00:29 The Reality of Beauty Influencers and Their Routines

01:34 My Simple and Effective Skincare Routine

03:17 Understanding Veblen Goods and Their Impact

04:03 Choosing to Be Rich Over Looking Rich

05:28 Investing in Myself: Books, Courses, and More

07:42 The Results: Doubling My Salary and Becoming Rich

08:12 Conclusion: Choosing Wealth Over Appearance

In this video, I debunk popular financial advice regularly given by 'finfluencers', such as saving 50% of your income, investing in a specific stock, or starting a business.

00:00 Introduction

00:22 Debunking Common Wealth Building Myths

00:38 The Reality of Saving 50% of Your Income

01:35 The Impact of Saving on the Economy

02:23 The Importance of Earning More Money

03:11 The Problem with Investing in Specific Stocks

05:23 The Truth about Monetizing Your Passion

06:47 The Reality of Starting a Business

09:32 My Personal Experience with Business and Corporate Career

10:33 Invitation to Join the Six Figure Club

Welcome to The Abundance Psyche, I'm Sudeshna. In today's episode, we're delving into the intriguing world of YouTube trends — from looking expensive on a budget to marrying rich.

Join me in questioning societal pressures and exploring true wealth. How much of our desire to "look rich" is conscious consumption versus falling into a consumer mindset?

We'll discuss financial peer pressure, the anxiety it causes, and the environmental impact of fast fashion. Let's redefine luxury, focusing on what adds value to our lives. If you've encountered these trends or have thoughts to share, drop a comment below.

Welcome to The Abundance Psyche, your go-to for financial wisdom and personal growth. I'm Sudeshna, your host on this journey from 2023 to the exciting prospects of 2024.

In the past year, I embraced "growth" and hit milestones like 650 subscribers on YouTube and over a thousand on my email list.

Today, we'll explore the lessons learned and unveil my focus for 2024. It's not just about investing; it's about the dynamic interplay of money, math, and mindset.

Join me as we challenge financial myths, discuss passion versus expertise, and prioritize intentional creative breaks. And in 2024, I'm doubling down on planning.

Welcome to The Abundance Psyche, the place where financial wisdom meets real-world strategies. I'm your host, Sudeshna, and today, we're diving into a topic that has transformed lives and bank accounts—how to fast-track your way to the first 100K.

This isn't just about savings; it's about unleashing the power of compounding, making your money work for you. Now, here's a little secret I learned from the legendary Mr. Charlie Munger: get to that 100K fast, and do whatever it takes.

In this episode, I'll share my journey, the lessons learned, and strategies employed to reach that financial milestone. Before we dive in, let's understand why the focus is on the 100K rather than the first 1000. The magic of compounding truly shines when you increase your capital, making every dollar work harder for you.

So grab your favorite beverage, sit back, and join me as I unfold the secrets to reaching that first 100K and securing your financial future.

Welcome to The Abundance Psyche, where real stories unfold, careers are dissected, and decisions are laid bare. I'm Sudeshna, your host on this journey of professional revelations.

In today's episode, we delve into a pivotal moment in my career—a view from my office in 2018 that marked the beginning of a significant shift. Yes, I chose to walk away from a prestigious and lucrative consulting career, and today, I'm going to spill the tea on why.

So, if you're sipping on something refreshing, take a moment to relax as we explore the nuances of my decision to leave the consulting world. This episode is not just about farewells; it's about the lessons learned, the challenges faced, and the unexpected motivations that led to a departure.

Welcome to The Abundance Psyche, where we unwrap the art of thoughtful gifting and explore the essence of true connection. I'm your host Sudeshna, and today's episode takes us back to a time when a simple Secret Santa tradition at work turned into a profound lesson in the magic of gift-giving.

Join me as we delve into the seven principles that can turn any gift into a cherished experience for your loved ones. From dwelling on the unique connections you share to understanding the power of thoughtful simplicity, this episode is a guide to meaningful gift-giving that won't break the bank.

Welcome to The Abundance Psyche, the space where we untangle the complexities of wealth, one episode at a time.

I'm Sudeshna, and for the past 17 years, I've been on a journey, decoding the secrets of money. From earning to saving, investing to overcoming bad habits. Today's episode is a deep dive into the money habits that keep generations broke and how to break free.

Join me as we explore the critical lessons often overlooked by conventional financial wisdom.

Welcome to The Abundance Psyche, where we cut through the noise of conventional money advice and explore the deeper insights often missed by mainstream financial influencers.

I'm Sudeshna, and having spent over a decade in the world of economics and finance, I'm here to share the perspectives that go beyond the usual tips.

Today, we're unraveling the mysteries neglected by typical financial education. From understanding the broader economic picture to delving into the psychology of savings, we'll explore the nuanced aspects that can truly shape your financial journey.

So, if you've ever wondered why traditional advice falls short, join me on this exploration into the uncharted territories of money wisdom.

Welcome to The Abundance Psyche, where we explore the ins and outs of life's purchases, both the good and the cringe-worthy.

Ever bought something with all your heart only to regret it later?

Well, you're not alone. I'm Sudeshna, and in today's episode, I'll be sharing seven of my worst purchases ever, from impulse buys to trendy fashion splurges. This isn't just a walk down memory lane; it's a guide to help you avoid some costly mistakes.

Welcome to The Abundance Psyche, where we unravel the unspoken secrets behind India's financial success.

I'm Sudeshna, and today, we're delving into the unique mindset of the Indian middle class and the wealthy.

While India may not be the wealthiest nation, it's home to some of the richest individuals globally. Join me as we explore the seven open secrets ingrained in the Indian culture that pave the way for financial abundance. From the philosophy of Dharma to the reverence for knowledge and wealth, these insights might just change the way you perceive prosperity.

Welcome to 'The Abundance Psyche' podcast. I am your host, Sudeshna.

Great coaches and mentors possess a unique skill – the ability to spot those destined for success from the start.

In this episode, we dive into the nine key traits that are telltale signs of success, from goal setting to grit, continuous learning, time management, adaptability, networking, following your flow, financial responsibility, and the power of a positive mindset. Join us as we explore the qualities that define success.

How many of these traits do you possess? Share your thoughts in the comments below.

Welcome to 'The Abundance Psyche' podcast, your essential guide to navigating today's challenging housing landscape. I'm your host, Sudeshna, a job search consultant with a passion for helping you achieve financial freedom.

Today, we're tackling a problem that resonates deeply with our generation – affordable housing. With factors like rising house prices, interest rates, and inflation, it often feels like homeownership is slipping through our fingers.

In this episode, we'll explore practical strategies for determining how much house you can truly afford. We'll break down key rules like the 30 percent rule, the 30-30-3 rule, and the 28-36 rule. These rules can be your compass in an ever-changing financial world.

Stay tuned to unravel the complexities of housing expenses and get tips on managing your finances effectively. If you're keen to master your money and grow your income, consider subscribing. Your support fuels our mission to empower your financial journey.

Welcome to another enlightening episode of "The Abundance Psyche" I'm your host, Sudeshna, and today, we're diving deep into a common ailment that affects many of us: comparisonitis.

In our world filled with endless possibilities, we often find ourselves yearning for more. More space, a fancier car, a bigger paycheck, it's a never-ending cycle. But here's the truth, my friends: comparisonitis is a disease that plagues us all, but it doesn't have to steal your joy.

In this episode, we're going to explore the four subtle signs that signal you're richer than you think, even if it doesn't always feel that way.

So, are you ready to recognize your hidden wealth? Stay tuned as we uncover these subtle signs and celebrate your financial success.

Welcome to another episode of "The Abundance Psyche." I'm your host, ,Sudeshna, and today, we're uncovering the profound teachings of a financial luminary - Charlie Munger.

While Warren Buffet's name often takes the spotlight, Munger's wisdom has quietly influenced many of us seeking financial enlightenment. His "Almanack" is a treasure trove of insights, and today, we're unveiling seven invaluable lessons that can transform your life.

Join us as we navigate Munger's wisdom, unlocking the secrets to a richer, more fulfilled life. If you enjoy this episode, consider subscribing to our channel. Your support motivates us to keep sharing these invaluable lessons.

Welcome to The Abundance Psyche, where we uncover the remarkable services that have enriched my life. I'm your host, Sudeshna. In our previous episode, I explored the material world, but today, we're delving into the realm of services that have brought true joy and improvement.

From the bliss of massages to the convenience of hiring a chef, we'll explore the diverse services that have enhanced my life and even impacted my finances.

Whether you're seeking inspiration to enhance your own life or curious about the services that can elevate your daily routine, you're in the right place. Sit back, relax, and join me on this journey as we discover how services can be the key to a happier, more fulfilling life.

Welcome to another episode of The Abundance Psyche, where we explore the choices and investments that shape our lives. I'm Sudeshna, your host, and in today's episode, we're diving into the world of smart purchases.

In our younger years, many of us may have indulged in impulse buying and collected random items that cluttered our lives. But as we grow wiser, we start recognizing the real value in the things we acquire. Today, we're focusing on nine material possessions that have significantly improved my life, and I believe they might do the same for you.

From a jacket that's been my trusty companion for years to a mattress that transformed my sleep quality, these items hold a special place in my life. We'll also talk about how a Kindle rekindled my love for reading and why I'm an unapologetic iPhone enthusiast. Plus, we'll delve into the world of courses and programs that have enriched my knowledge and skills.

Join me as we unravel the stories behind these purchases, their impact on my life, and perhaps, find inspiration for your own life-enhancing investments. So, sit back, relax, and let's explore the art of choosing wisely on The Abundance Psyche.

So many people across the world want to move to London.

 In today's episode, I'm going to discuss how much we end up spending per month for the household living and working in London.

 I am putting out a lot of my personal finances here online. This is definitely not easy for me. It's the first time I'm doing something like this. But then I always believe in transparency around money.

So, I hope that this helps you plan in case you are moving to London.

 You could be doing anything else right now, but you chose to listen to this podcast instead.

So, I'm going to make a huge assumption here that you want to make more money in your life.

And if that's the case, welcome to the Club.

We love talking about how you can make more money here. And in this episode, I'm going to discuss skills that make you higher income in your career.

Embark on a journey of financial transformation as we dive into the realm of counterintuitive savings.

In this podcast, we'll explore strategic hacks that challenge traditional norms, each with the potential to reshape your financial trajectory.

Get ready to elevate your savings game through a fresh perspective that prioritizes effectiveness over convention.

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.

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

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.

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. 2. The second one is that you feel underpaid, undervalued, and underappreciated. 3. The third warning sign is that you are worried about a layoff  4. The next warning sign is that you don't get along with your boss or your team. 5. The next warning sign is that you have been stuck at the same title, at the same job for over three years.

Hi everyone, I am Sudeshna. I have been working in the financial services industry for the past decade.

 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 today's episode, I'm going to discuss with you five of my favorite personal finance books which has helped me tremendously in my life.

• The Science of Getting Rich
• I Will Teach You To Be Rich
• Almanack of Naval Ravikant
• Poor Charlie's Almanack
• Die With Zero

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 listening to this podcast, 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 know in my life, have been on that eat-pray- love, kind of a journey to self discovery. But, is such a journey always necessary when you want to find your purpose or your 'Dharma'? 

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 finance is a whole different thing and almost the necessary condition for us to be financially savvy in our adulthood.

 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. However, mindset actually plays as much,  if not a bigger role in the creation and sustenance of money.

 After studying the Rich for over the last 10 years, I have found these five key principles that you can steal from the rich to reprogram yourself to create more abundance in your life.

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.

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 that changed my 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 episode and why.

 But before that, here are four personal finance hacks that I use to approach my finances in the most minimalistic way, which means that I don't end up spending a ton of my time looking at spreadsheets or comparison shopping. I spend time where it matters, and that to me is true financial minimalism.

 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 you. If house prices go up, your return on investment goes up. If house prices go down because you have equity in the home, your return on investment goes down, which is actually quite possible in the current climate.

 So, let's talk about some of the benefits of actually owning a home and renting a home. And then let's run the numbers.

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.

Honestly, there's so much of terrible financial advice out there that gets dished out by influencers, and I wonder who makes money off the back that advice, because frankly, that's very, very questionable advice.

 But obviously we don't live in a perfect world, in a perfect society, so, let's talk about the five types of finfluencers that you are better off avoiding.

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.

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 happier.