Welcome to financial oblivion: Navigating finance with me

-

Hi, I am Sarthak Gupta. I am from India, pursuing engineering at Thapar University, Patiala, Punjab and am interested in AI&ML, finance, law and psychology. I want to learn finance because I believe financial literacy should be general knowledge and everyone should know, how money works and how to manage.And I am pursuing the specialization "Finance for everybody" on coursera and would like to share my opinions learned from theory relating with my real world experiences to present a unique learning, hopefully insightful.

I am creating a financial portfolio and expressing my Op-Ed(Opinion Editorial).

Finance for Everybody:Course

Economics and finance are all around. We can't ignore it and continue with our lives. It impacts us deeply. So why shouldn't one learn it in the first place?


Unfortunately, our education system, whose sole purpose is to enrich us, is the one which limits us. We aren't even taught about taxes, loans or interests which everyone has to deal with at some point in their life and if they don't know how then obviously they'll tend to make mistakes. But then someone will question us that aren't we supposed to learn from our mistakes! Well then, my reply to them is, is making the same mistakes over and over, over generations any less than being stupid? XD Does every child needs to get burned to learn putting your hand in the fire is dangerous? No right! Then why the bias against finance.


But of course, the financial world has not made it easy for everyone to learn it's complex terminologies and math. But is all of it necessary? I believe no. This vision aligned with the course instructor in the first place and brought me here. I want to make it simpler and comprehensible so that even my 10th-grade brother can at least find it readable.

A recent major headline I read was, in fact, today, the Indian govt. banned 59 big Chinese apps in our country due to national security reasons. This was the result of the data privacy issues in these apps which were also pointed out by apple too. Also, the ongoing tension between the two countries has a major impact too of course. This tension and the consequences of the respective governments will have a deep affecting impact on our economy keeping in mind the trade deficit between us.

So what are your financial views regarding this decision and it's impact on our economy?

Comments

Post a Comment

Popular posts from this blog

Business lessons from streets of india CAN SAVE US

-
Image
The unorganized, "informal" industry as we call it, contributes to almost 50% of India's GDP and employs close to 90% of our country's workforce and outperforms tier 1 business, usually corporations in which we aspire to work, in most metrics in business. A part of India, that we usually don't recognize as a formal industry and in many reports and management schools what we call as marginalized industry, business we take for granted and don't even look at them, street businesses, local industries, actually have a viable profitable business model that outperforms major corporations in almost every business metrics and yet does not get it's deserved acknowledgment. There is always a big celebration whenever FDI inflows come in but as a matter of fact FDI inflows have never exceed more than 7% of India's GDP, ever. Let me show you how this street sector actually achieve such level of performance - with innovation and perseverance in many more ...
Read more

Important aspects of financial decisons, stakeholder interests and opportunity in disguise

-
There are a lot of important aspects of financial decision with respect to the stakeholder and their interests. Being a student I mostly identify myself with community citizen and financial activist. Now there are many stakeholders in a corporation and before I can relate them to what I am about to tell you, I must discuss with you about them. At the top level, there are the equity holders, that is the company owners/founders, who have personal vested interests and the bondholders from whom money maybe be borrowed/lent like financial institutions for example banks. Then there are other shareholders of the company like investors and employees. The most important thing to note here is that everyone leaving the owners are protected by legally binding contracts, therefore leaving them with all the risk but also the most profit. The employees can sue, the bank can declare bankruptcy and freeze assets if their interests are not met. The least I can identify myself with is a gover...
Read more