You DON'T Know This About Money - Ron Malhotra, Wealth Planner | FO 105 - Raj Shamani

If a building's burning, do we ever see. would we expect women to run in there to. rescue? The expectation is that women. should scream, run. out screaming, and nobody's going to say. that you're a coward because that's the. the true feminine. They're doing what. they're supposed to do. By default, there is an expectation on men, and I. think it's a rightful expectation that. we have to act with honor. Do you really. expect. that feminine men are going to run into. that building? I don't believe they will. You know, the. feminist movement definitely has some. issues. And [music] and I don't know when it.

went from being pro-women to anti-men. That's dangerous because now you're. making men feel like we need to be. feminine. I think as a man, you should. understand. women in your life. You should. understand the feminine energy. You. should embrace that. 85% of the people. who watch our shows do not subscribe us. So, please hit the subscribe button. because the more you subscribe us, the. bigger our channel gets, and the bigger. our channel gets, we'll be able to get. better guests for you and ask them.

really good questions to help you become. a better leader. In today's episode, we've talked about how Indian education. system doesn't train us or doesn't. educate us to become really successful. and really wealthy in the ecosystem. which is there right now. Why it happened? How you and I can. become wealthy? What are the thought. processes that we need to build? What. are the mental models we need to learn? That's what we've covered in today's. episode with Ron Malhotra. He is an.

expert in wealth building, coaching, and. helping you and me clear our thoughts. and aligning ourselves. towards all the goals that we have in. our life. Please enjoy today's show, and. if you feel that this podcast is really. long, then check out our Rachana Money. Clips and Rachana Money Shorts channel. because there we put everything in small. small clips which can help you become a. better leader for tomorrow in just short. amount of time. Enjoy today's show.

[music]. Why are you doing what you're doing? And what makes you think that. you're successful because of XYZ reason? Like, what are those reasons you think. Good question. Perfect question, and I. think that'll be the question on mind of. a lot of people. So, good. All right. Do you want me to just keep. going? Yeah. So, just to give you some background, I. was born in India, New Delhi, India, and.

we moved uh to Australia when I was very. young. Um like most Indians, I had a dream to. be successful because we came from a. middle-class family. We had financial. problems. I saw that. there was a lot of stress at home. because of finances. So, naturally, I. was driven financially. I wanted to do. well financially. But uh the only career path I knew was, you know, get a degree and then get a. corporate job and then work up the. corporate ladder. Um and so, I said, you know, where can I.

learn about money? And um first, I. started just packing bags at the. supermarket. That's what I used to do. Okay. And as a young person, you can get jobs. right from the age of 16. You can work. You can do that. Uh but then um but once. I turned um 18, I got a job as a teller. at a bank. Cashier, basically, you know, counting cash. And I thought this was my in to try and. get into the bank, but I was hopeless at. counting cash. Okay. But then because I was hopeless, and. every day the manager would come in and. she said, you know, we uh we can't.

balance the till. There's money There's. extra money in the till at times. What. are you doing? So, they got really. frustrated. They had to stay back and. help me. So, they said, why don't you. stand at the door and greet people? Just greet people for now. So, I stood. at the door, and that was not bankers. That's not what bankers did. But they. didn't know what they were going to do. with me. So, I stood at the door, and I. started greeting people greeting people. as people walked in, and I started to. get into deep conversations. I didn't. realize it at the time, but I had. natural curiosity with people. So, I. started asking them questions. And I. realized that there was people who were. coming in quite frequently.

And so, I wanted to find out why they're. coming in frequently, whether they're. depositing money, how they're making. money. And so, I started to learn a lot. I started to gather information from. people. And we the branch that I was in, the banking branch, was in one of the top primary locations. of Melbourne, which is called Collins. Street. It's called the Paris end of. Collins Street. So, it's similar to the. Wall Street in New York. And so, people would walk in, you know, and they were really. uh high net worth and ultra high net. worth individuals that were walking in. So, I started to develop a curiosity. I. started develop a little bit of.

relationship. And then one day some guy. walked in, some guy in a suit, and he. said, what's your name? And I said, my. name's this. And he said, he said, would you like to be a. financial advisor? And I didn't I thought it's really weird. because I'm broke. And like how can somebody think that I. can be a financial advisor? But you. know, I was excited in the title, so I. said, yes, I'd love to be. And he said, all right. And I think they. thought that I had the gift of the gab, and back then the financial services. industry was not very well regulated. Mhm. If you had the gift of the gab, it.

was all about selling financial. products. It was actually not about. giving good financial advice. Okay. So, whoever was a like a good. sales person would probably get into it. Correct. So, that's what they saw. I. didn't see myself as a sales person, but. they saw me as a great sales person. They said, this guy's very good at. building relationships and rapport. So, they said to the manager, don't put him. behind the counter. We will train him. So, he took me under his wing. I went. through some training, and I got the job. of financial advisor. I remember going. to my father, and I said, Dad, I've. become a financial advisor. And my dad. said, but you're broke. So, I was like, yeah, but it doesn't. matter. I didn't care because I was so.

excited about the title, right? And I did that for 18 months, but I. failed miserably because all that we. were required to do was to sell. financial products, sell insurance, sell. investments, sell managed funds. And so, I didn't I didn't think that. that's what I was signing up for. So, I decided to leave financial. planning. I failed, and I got into just. banking. Mhm. And then from there, I. just worked my way up the corporate. ladder. And uh by the time I was 31, I'd done. extremely well. So, I'm 45 now. And by. the time I was 31, I had I was driving. European cars. I was wearing expensive.

suits. I was had the watches. I had the. lifestyle. I'd bought a home. I actually. bought a home at 19. So, I was always very financially. oriented that way. But the problem was. one day I was coming home, and I was. always feeling aggressive. I was feeling. agitated. I was feeling irritated. I was. getting headaches. My immune system was. not very good. On the weekends, I would go out and party hard and drink. hard. And so, something was wrong. I. couldn't figure it out, but there was. something wrong. Here I am. Everyone's. like, you're really successful. You've. got this private banking role. You're. making incredible amount of money. Even.

I thought I was successful, but deep. down I felt like uh something was. missing. And so, I really think that from 31 up. until now is when my journey has really. started where I started to reflect. inwardly, started to ask myself some. important questions. Who am I? What do I. really want? Uh I'm still very financially motivated, but I think there's been a bit of a. change. Back then, it was just money was. the main thing. Now, it's like, how can. I make money doing what I love, but also. makes a positive contribution to. humanity. So, that's what's changed.

Still financially motivated, but the. means have changed. And what made you. think that. Like, what was the reason for this. change? Well, just the frustration coming home. and having, you know, and I knew that. there was something else. Now, I do love. learning about money, and I love what I. was doing in private banks. I liked the. prestige and the status that went with. it, but deep down, it didn't really. fulfill me. And so, I came across this model by um. Gay Hendricks, which is about your zone. of genius. Okay. And it got me. intrigued. I knew that financial.

advisory and wealth management was a. zone of my It was my zone of excellence. But I started to ask myself, is this. also my zone of genius? What is zone of genius? Zone of genius. is the zone which you are absolutely. naturally brilliant at. Okay. Not to say that you don't develop. you don't need to develop that skill. further, but you have very strong. natural foundations. You have a very. strong natural orientation. You have a. gravitational pull towards certain. endeavors. And if you just put a little bit of time. and effort into it, you end up.

accelerating your success. And so, I started to realize And. basically, he makes the case that there. are different zones. There's the zone of. incompetence, all the things we're bad. at. Zone of competence, things that. we're reasonably good at. Zone of. excellence, things that we're very good. at. And zone of genius, things that. we're actually geniuses at. And I started to realize, you know, maybe there is some genius tapped into. me, and. is it in this space of wealth management. or is it something else? And that's how. when I started to go through this. exercise of doing personal development, I discovered that my actual zone of.

genius was teaching. And somebody I can't remember who, but. you know, somebody did this exercise. with me, and they said, look, who are you by spirit? Who are you by. mind? And who are you by heart? Mhm. And. so, after doing a lot of reflection on. that, I realized by spirit, I'm a. teacher. You know, you might be an entrepreneur. by spirit. I'm an entrepreneur by mind. It's not a. natural thing for me. I've learnt it. Mhm. But I'm a teacher by spirit. It. just comes to me naturally. My ability. to think complex concepts, dissect them,

present them in a way that can cause. transformation, it just comes naturally. to me. So, I started to embrace that identity. more, and then I thought, you know, well, I need to do this more. But I wasn't very I wasn't I wasn't. going to make an impulsive decision and. give up everything that I had built. Okay. So, I said, you know, let me do it on. the side and see how that works. And. then as I started to speak and I started. to mentor, the the response was. incredible, and I thought, yes, it feels. right. It feels really good. And now I'm I was starting to lose. interest in what I was doing on the uh.

wealth management and financial planning. space, especially because I'd built my. own business. Mhm. And um I was I thought, you know, I'm. going to make the transition, but I. didn't know when to make the transition. So, I said, let me build a business out. of this because I want to monetize this. Mhm. And so, as we started to monetize it and. we started to get repeated revenue, I. made the transition, and I said, that's. all I'm going to do now. I'm going to. focus on that. And so, that's why I'm. here. And obviously, India was, you. know, we launched uh but it was about 4. and 1/2 years ago. I had the vision, I. said, "You know what? What I'm teaching, I really strongly believe that this is.

incredibly transformational. I wish. somebody had taught me this in school. and university. I wish that somebody had taught me this. in corporate. I never learned any of. this." So, I said, "You know, I'm pretty. certain if people in the West don't know. this stuff, people in India definitely. don't know this stuff." So, I started to. look at the statistics in India. I was curious, how many people are. actually successful? Because every time. I spoke to my family, I got the impression that everybody's. making this crores and crores of money. All the news is people are all.

billionaires and millionaires. So, I I. thought, "You know what? I'm a good. researcher. Let me look at actually. what's happening in India.". So, I researched the trends. How many. billionaires in India? It's about 190 at. the moment. Out of 1.4 billion people. How many millionaires in India? It's. about 7.7 lakhs. If you actually convert. 7.7 lakhs, you divide that by 1.4. billion people, it's 0.55%. So, half a. percent of the Indian population are. millionaires. But, I'm hearing about all these stories. that everybody's got a unicorn, everybody's got this tech startup,

everyone's got this. massive funding from venture. capitalists. I'm constantly hearing. this. And I really hear it from India. than any other country, right? So, I'm. I'm thinking, "What's going on here?". So, I started to investigate how many. people have a net worth of over 100. crores in India. And it's about 23,000. people. Again, if you break it down in. percentage terms, it's 0.0016%. So, I'm thinking, "How come so many. Indians have this dream, the probability. of which is 0.0116%?

And they're not going to get there. For. the vast majority, this dream is not. going to materialize. Like, I know that. you're a guy who's built an exceptional. business, but you are definitely a. minority of people. Right? And so, I started to realize that there. is a whole gap here in people's. understanding. And so, I started to. think, when I started to develop my. programs and my educational courses, I. actually had the young Indian. professional in mind. I started to put myself in their shoes. going, "What is their Wait, what is. their blind zone? What is their. ignorance zone? What is it that they. believe that's erroneous? What do they.

really need to know to complement what. they've been educated on?" And so, that's how we started to become really. passionate about bringing our programs. to India. Interesting. I have so many. questions on this now. Okay. First. [clears throat] is you said an average. young professional, right? They have. their blind zones. What do you think what are the blind. zone of an average person who's watching. this right now? Because. I believe [clears throat] my audience is. reflection of me. Most of them are going. to be. uh as ambitious as I am, probably in the.

same age where I am, right? So, I want. to know like what are our blind zones? And I want to take this liberty to call. everybody as just I don't want to put it. in one lens and one frame. Yeah. And. that's a great question because I could. be making this bold statement and not be. able to substantiate it. I guess what gave me the confidence to. realize that a lot of professionals have. this blind zone, the number one reason. was I realized that despite my career. and commercial and financial success, I. had these blind spots. And so, that was the first starting. point. But then, as I started to talk to.

people, I started to realize that the. vast majority people cannot tell me what. their goals are, what their values are, what their mission is, what their passion is, what their. purpose is, what their strengths are. So, I started. to realize that from a self-discovery. point of view, a lot of people actually. don't know who they are. They've got an. external identity. Like, everybody knows. their name and their nationality. And. everybody knows their religion. Everybody knows their age, but that's. external, right? That's something that. society has given you. The internal identity, which is a. concept that I I talk about, who are you.

on the inside? Like, what is your. purpose? What is your passion? What are. What are your values? What are your. strengths? What's your zone of genius? I. started to realize that majority people. didn't know that. And that's one of the. reasons I believe that a lot of people. are not inspired and they don't really. connect with what they're doing because. they're following. what is trendy or what is lucrative at. any given point in time. I'm going to. become an engineer, I'm going to be an. MBA, whatever it is. I'm only doing it. because everybody else is doing it. That's the in thing and that's what's. going to make me successful.

Second thing I realized was that the. vast majority of people, that's not just. Indians, but everybody, majority people. don't understand money. They don't actually understand the. basics of money management. They don't. understand investing. They don't. understand risk management. They don't. know how to protect wealth. Uh. the statistics are glaringly obvious. Uh and that's not just in India. I mean, if you look at the global shift in. wealth, which is an annual report, I. think it's produced by Deloitte's. And that tells you that the number of. millionaires in the world is less than. 50 million. So, that's out of 8 billion. people.

Now, a millionaire is not even a big. deal anymore, as you would know, right. now. I mean, what's the What's the big. deal about making a million bucks? Like, keeping a million bucks, right? I also realized that a lot of people. don't understand the difference between. income and net worth. Or they don't. understand how to minimize their tax. Or um they have erroneous money beliefs. So, I started to realize there was. massive gaps in the money area. And. whether we like it or not, we are in an. economic world and money is a great. enabler. Mhm. Um and because I did financial advice. for many, many years,

and I don't say this with any. disrespect, so many of my clients were. CFOs and uh you know, vice presidents. and. uh doctors, finances were in shambles. Some of them, when you looked at how. much money they had accumulated over an. entire lifetime, it didn't make sense. Because their income at the front end. was massive, but what they kept was. incredibly low relative to that. So, I. started thinking, "Is it possible. perhaps that our education system is not. teaching professionals the basics of.

money management?" And And I I started. using this analogy about cricket. So, imagine you're a fantastic cricketer, but you don't know the rules of cricket. and you don't know how to read the. scoreboard. What is the possibility that you're. going to be successful as a cricketer? Even if you're a great batsman or a. great bowler. Think about that, right? So, the. majority people don't know how to read. the financial scoreboard. They actually. don't know what their net worth is. And they don't know the rules of money. There are certain rules of money, right? How the game is played. Mhm. So, then I. thought to myself, "Well, if you don't.

understand the rules of money and you. don't know how to read the scoreboard, which means you have no idea how you're. traveling financially, you're probably assuming that you're. doing well financially because you have. a good salary or you drive a good car. Do you have any idea how you're. traveling relative to your own needs in. the future? Right?" And I started to. realize, "My god, that's a huge blind. spot." Like, people are in the money. game by virtue of the fact that you've. got an income, you've got expenses, you're paying taxes, you're in the money. game, and you don't know the how to read. the scoreboard, and you don't understand.

the rules of the game. So, you. mathemati- It's mathematically it's a. certainty that you're going to fail. And. again, the statistics reflect that. Global statistics are telling us that. the vast majority of people, even in Australia, 72% of Australians. will retire on they will rely on social. security. at retirement. 72%. And America has 50. million people under the poverty line. So, this is a global problem, right? And. because I'm in the money game, I have a. real passion for going, "Why does this. problem exist? And how do we solve this problem?

Right?". And so, there was a huge blind spot. People don't even know that they're. heading towards a financial disaster. They have no idea that they've got. financial problems, right? So, that was the second one. The third. one was from a spirituality angle. How come the vast majority of. professionals are choosing. to follow an established career path. rather than being creative, rather than. being disruptive, rather than. innovating, rather than discovering? Why aren't they. being leaders? How come the majority are. choosing to follow an established path,

but they're not leading? Especially in. today's online world, you have the. ability to take your ideas and bring. something to life, right? You have done. it, I have done it. None of us are real. geniuses, but we had the ability to. think openly and independently, right? So, that was another blind spot. I was. like, "Why do people not understand. their creative potential? Don't they. understand how incredibly powerful they. are? Don't they understand how they can. maximize their potential?". So, I you know, I always say that, you. know, when you start. education, if you look at the education. system right now, you have.

you know, you have primary education, you have secondary education, then you. have, you know, it's all academic, then. you have professional education, skills-based education. And for majority. people, that's it. But then, you have. personal development education. You have. business [clears throat] education, financial education, spiritual. education. Right? And I realized that there was a. big blind spot. A lot of people don't. actually understand their spiritual. nature. They don't understand their. creative potential. They don't know how. to maximize their potential because they. don't understand how powerful they are. So, I felt that that was another blind. spot. So, those three were the main.

blind spots. And I was And that's how, you know, I said, "How can I do. something in order to. not to discard the education system, but. to complement it?". Because it seems like the education. system doesn't seem to have an interest. in fixing these problems. Um according to the World Health. Organization, um you know, mental illness is the leading cause of. disability right now. According to. Gallup poll, 76% of people hate their. jobs. Uh majority people have health. issues, uh relationship issues, money.

issues. What's going on? We have more. education than ever before, and we seems to still have those. systemic issues. in the human world, and we haven't been. able to fix it. And so, I felt that the. primary cause was the way the education. system is constructed. Uh and I didn't. see any solution out of this, so I. decided to do something about it. You. said that one of the. first blind spot which people have is on. their internal identity, right? Most of. the people don't know about what's their. passion, what's their purpose, uh what.

are they good at, what are they bad at, what is what is their zone of genius, what should they pursue, right? I. believe sometimes it's okay not to know. that. Because as when you're starting, okay, just think about a young person who's in. his 20s getting out, [snorts]. I believe it's okay not to have a. purpose. It's okay not to understand. weaknesses and strengths in that. Because if I'm 20 and I don't know. naturally I'm not inclined to do. something and making it big and I'm not. forced by my internal source of.

motivation or external source of. motivation anyway or my family pressure. If I'm not forced to do certain thing I. should have the ability to experiment. multiple things. I should not put this jacket on my head. and be like, "Hey, this is my purpose. and I'm going to change the world in. this way." It's okay. Maybe I want to be a teacher. So, let me. try teaching and it might turn out that. it's not my purpose. Maybe I want to be. a DJ. Let me do that. Maybe I want to be. a singer. Let me do that. I mean.

it can be anything. If you are. forcing yourself to think about these. questions from day one that. I need to figure out my purpose then I. think it's sometime that can be bad as. well. It can be detrimental because. internally you're not strong enough. You've not developed your personality. enough that you can actually analyze. between influence and the real source of. inspiration. So you're forcing yourself to do. something. And to me that's that's a worse. situation than actually not having a. purpose. So, what do you think about.

that? I see I agree with what you're saying. because it can be restrictive. If. somebody says, you know, I need to. figure out my purpose before I do. anything then that's. Exactly. That's not what we're. advocating. What [clears throat] we are. saying though is if you know who you are. and you know what you want, you have a. higher probability of achieving it. Right? If you know who you are. Mhm. So, we we say, you know, it's an and here's. the the studies the If you look at value. system you are more likely to be. disciplined, organized, and motivated in.

areas that align with your primary. values. Yeah. We know that a lot of people in. their own admission have problems with. motivation and discipline and. organization. Why is that? Because they've pursued a. path that is not in alignment with their. purpose and values, right? So, it's not necessary It's not a. necessity, but it's all about. efficiency. I mean, you and I are. entrepreneurs, right? Why You want to be. as efficient as possible. We understand. that the world is not perfect. Life is. not perfect. But if you have a slightly. more efficient path to achieving that.

success that you've dreamt about then. it's worth at least considering, right? Doesn't have to be forced. I mean, absolutely I don't think that people. should just sit there [clears throat] at. home and going, "Well, I don't know what. my purpose is. I shouldn't do anything.". A lot of the times the way you figure. out your purpose is through. experimentation. Yeah. But it pays to kind of reflect on, you know, as a child what was unique. about you. As a child what were the. things where you were involved in. certain activities, you lost all concept. of time and space. What are the things. that you absolutely love talking about? What are the things where nobody has to. push you? You naturally want to do them.

What are the things where you have a. natural inclination to do research? I. think it's These are great questions to. reflect on. And. I certainly believe that if you choose a. career path and occupation that is in. alignment with your purpose and values, you're likely to succeed more because. it's not going to feel like a chore. You're not going to feel like it's. forced. And you're going to start to. find joy in your work. So, there are two. tests that I do for myself and which has. helped me a lot in my life and I keep. telling to everybody to start doing.

these kind of tests. One is how to make How do I make more. money? That's a test which I do. And. then the other is how do I find my. purpose? And for both of them I have a. different test. So, how do you How do you make more. money? Everybody keeps searching about what's. the next big opportunity. How do I find. trends which are really big? Okay. What. are the people doing? Where have they. made money? And I think the better way. to do it is make a strength and. weaknesses chart every night before you. go to bed. So, there's a wall. or take a piece of paper.

write down plus and write down minus. Write down all the things which you feel. that you did really good today. And then write down minus which you feel. it drained your energy, it sucked your. energy, you didn't like it, you were. terrible at it. Just write it down. And. do this for a month. And you'll automatically find out in. between those 30 In those 30 days you'll. find out a pattern that, "Oh, these are. the five things which I really enjoy.". And then you need to just put it up and. take those strength and turn around. something in that field or put use that. strength or that internal thing to build.

something which you really want to build. because when you keep focusing on what. your strengths are and what you really. enjoy you're going to automatically make. more money than actually looking at more. trends outside. So, that's a test which. I do. Plus and minus every night I used. to do that and then eventually I found. out, "Okay. Oh, this is what I like. This is what I like. This is what I'm. good at. And I want to get way. I want to get really good at these. things. So, let me do that." And I. started enjoying the whole process. So, that was one. And the second was how do.

I find my purpose? Was the give index. and the take index. I would write the. same thing. I would on a piece of paper. I would write give and take. Okay. What am I taking today and what am I. giving today? Right? So, for the For longest time for. 30 40 days I didn't have anything that. I'm giving back. I always had this. oh, I'm taking food. I'm taking this. I'm taking this. I'm taking uh let's say. somebody's time. I'm taking the money. from this this person. I'm living on. this thing, right? I'm just doing that.

And then I started thinking, "Okay. Today I taught my younger brother this.". Oh, that's a give. Today I created content for the world. for free. That's a give. Today I spoke to my mom. just to strengthen our relationship. That's a give. Right? So, I would just. give and take and I would do that. And. then when you do that for long time 30. 40 days you'll find out what are the. things that you love giving. and based on that you can find your. purpose. That, "Oh, I love solving other people's.

problem. Let me make that my purpose." So, my. strength areas are. [clears throat and cough]. I love talking. I love teaching. I love spending time in consumer goods. and building brands and I love solving. people's problem. How can I combine both. of them and actually turn it into a. mission which will eventually help me. So, this is what I used to do. Yeah. And. it helps in the beginning. I mean, obviously later it's a huge journey and. I'm also on a journey that I've. eventually not figured out everything.

myself. But I think it's a great. starting point for everybody to follow. these two indexes. 100%. I completely. endorse that that perspective as well. And that's why, you know, I mean, you. look at your own situation to. [clears throat] get to where you are. Could you have got to where you are if. it wasn't completely in alignment with. your values and strengths? You know, so I I really do believe that. the success journey accelerates fast. It's again it's about whether you want. to take the slow road to wealth to. success or you want to take the fast. road to success, right? So, none of this. is mandatory, but I I do believe that.

it's got a lot of merit. I personally. experienced it. People who taught me. have experienced it. We've heard that. lots of great successful people also. attest to these principles working. So, I think there's merit in it. Now, obviously I don't I don't really want. people to fall into romantically in love. with the notion of running after your. passion. I mean, there are some. practical realities as well. You've got. to solve somebody's you said. And that's. the business reality of it. If you're. going to monetize your passion, you you. want to solve somebody's problem. So, there is that strategic element as well.

So, we are very mindful of the fact that. we don't just want to encourage people. to just blindly fall in love with their. passion. At the end of the day there has. to be an element of contribution and. impact and solving somebody's problem as. well. But I think there was a model that. talked about the fact that where your. purpose and your passion. comes together to solve somebody's. problem for a profit, that is the sweet. spot of career fulfillment. On that. point you said. we've been. So, external forces of society are.

conditioning us in a certain way. Education is not uh. [clears throat]. How do I say? Education is not enough. for us to live a great life or actually. fast track our journey to Academic and. professional education is not. Academic and professional life. professional education is not enough for. us to fast track our journey to wealth. Yeah. Right? And you said something very. controversial as well like education is. indoctrinating us. Right? Why would you. say that? I looked at I looked at the education.

system that prevails in most parts of. the world. [clears throat]. Schools and universities. I looked at. the curriculum. And having going going from being a. struggling broke individual to having. the life and lifestyle that I want. I looked at I did an assessment and an. evaluation of all the skills that I. needed to get to this point. Mhm. And then I reflected on the fact how. many of those skills did I learn whilst. I was being institutionally trained.

And I came to the conclusion that none. of them were covered. through the institutional education. Now, so obviously you can think from my. perspective I'm becoming a I'm becoming. skeptical at that point. I'm thinking. is this by design? How did they get it. so wrong? Let me give you an example of. this. I attribute my current level of. achievement, productivity, my level of. influence, my level of financial net. worth. to a a range of skills.

Starting with critical thinking. My. ability to take a piece of information. and evaluate the truth in it. Decision making. My ability to be able. to make decisions promptly and to. correct my decisions. Risk management. My ability to manage. risk. There's risk inherent in every. aspect of life. My understanding of human psychology. How do I think? How do I process my. thoughts? How do I manage my emotions? Money management. My ability to manage. my cash flow both in my personal life. and my business life. My ability to multiply money. Investing.

I look at my ability to market and sell. myself which is a critical business. skill. Even if even even as a. professional, even if you end up setting. up a law practice or a medical practice. or maybe set up an architecture practice. or a financial planning practice, you. still need to know how to market and. sell yourself. My understanding of. branding, persuasion, communication, selling. You know, all the skills that I've just. mentioned, and there's a lot more, negotiation, none of them were taught [clears throat].

in schools and universities. And it kind of makes you think, forget. about all the financial skills, what. about my true understanding of my. spirituality, my energy system, my ability to create, how powerful we are as human beings. How come. every single skill that has made me the. the powerful individual that I am, and I. don't say powerful in terms of having. power over other people, but I'm in. control of my life and where I'm going, that makes me feel powerful. How come. every single skill that has contributed.

to me becoming the individual that I am, how come this was not taught to me my. entire first half of my life? Right? And so that at least we have to. ask the question. I'm not here to just. criticize the education system for the. sake of being controversial, but I think. we need to at least start asking. questions. Because. the the thing is, how come an individual. knows the the the capital of Angola or. the difference between bacteria and. amoeba, but they can't tell you what. their own values are?

[snorts]. Right? We How come they don't know. anything about managing their own money? How come they don't understand how the. debt the debt system works or the tax. system works? How come? I mean, those skills are so incredibly. important. And you also see a lot of uh. professionals, they don't know how to. manage their health, nutrition, they. don't know how to manage their mental. health. So, we've at least got to ask the. question. You see, the first responses. people get resistant when I say this. I. understand that. But again, that's an. example of. not having an objective view. You can't.

allow your emotions to get in the way. You see, the way you're going to fix the. problem is by objectively assessing it. I'm not necessarily I'm not saying I'm. better because I figured this out, but I. figured this out because I was prepared. to ask the questions. And that came at a cost, deep. discomfort. So, I'm just asking the questions here. I'm not saying that I have all the. solutions here, but the reality is until. we understand the problem, the cause of. the problem, and the impact of the. problem, we can't necessarily come up.

with the right solution. There is a problem. A very small percentage of human beings. on the planet. are leaders, are innovators, disruptors, creators, inventors, discoverers. A very. small percentage of human beings in the. world are healthy and fit and radiating. with vitality. A very small percentage. of human beings right now have. meaningful relationships or influence. and impact. A very small make a. contribution. A very small are wealthy. and can take care of care of themselves. and their families for their entire. financial lifetimes. There are These are. facts. This is not me making this up.

There are plenty of statistics that will. back this up. I'm just interested in going, hang on, we as human beings we've had plenty of. time to figure this out. We have gone. beyond the industrial revolution, the. information age. Here we are on the. social {slash} digital artificial. intelligence stage, and we still don't. know how to manage our emotions. We. still don't know how to manage our. money. We still don't know how to manage. our careers. Like, that's something that. we have to talk about that. It's not. And And if you if you if if somebody was.

to say to me, you know, but Ron, you're. exaggerating this truth, I would say to them, why don't you just. go up to your family members and every. person that you've ever known in your. life, and ask them, what is your net. worth? Ask them, what is your purpose? Ask. them, what their values are? Just ask. them these questions. And you will see that they're going to. be lost for responses. They don't have. clarity on these things, and these. things have a direct bearing on the. quality of our lives. How can we not. know this? You know, so I just question the system. that, you know, I'm not saying that we need to eradicate.

everything that we're learning in. schools and universities, but can we. complement that perhaps? Can we spend a. couple of years teaching kids, you know, I've seen so many professionals that are. they they don't have the confidence to. negotiate in boardrooms. They don't know. how to consult. They don't know how to. present information. How How come? We had 15, 20, 30 years in. in institutions, and people are still. not equipped with the right knowledge. that will give them the confidence to be. able to guide their lives and lifestyles. the way they want. You know, a question has to be brought.

up. You know, [clears throat]. there's a slight nuance on this. I don't think education system or. education system is bad or it's designed. in a way that's not teaching us the way. things. I think the way it's taught is. difficult. So, and here's what I'll back it up with. this. All the things that you talked about, they kind of. tell us in school. We don't learn it because they don't. teach us why it is important. So, creative writing and expression, we.

learn that in our English classes from. day one. We learn how to write essays, we learn how to write notices, we learn. every little thing. We read about history. We read about. power. We read about negotiation of two. big leaders at the time when there was. like wars. And we read about all these. things, but nobody actually zoomed out. at that point and taught us, "Hey, this. is what is called negotiation." This is. what They're talking about values. In In. English classes, I remember they would. teach you about Brutus Caesar. Right? They'll talk about values. They'll talk about brotherhood. They'll.

talk about camaraderie. But nobody would actually tell us why. this is important and why how it's. affecting my life. And whether it's come. maths, talking about commerce, right? I'm from that background. They taught us about the taxation. system. They taught us about And in. school, I'm not even talking about. college. They taught us about balance. sheet, about finding our own net worth. They never taught us that it's important. for us to apply it in our lives. They always taught us that, "Hey, this. is important to pass your exams." So, I. don't think the education system is the.

problem. I feel the way we have been. taught is the problem. The way that. nobody is telling us why what we're. reading is important or why what we're. understanding is important. I think. everybody has just made it a. a thing that, "Hey, you need to read. this. You need to learn this because you. need to pass an exam.". If we can just backtrack from that and. zoom out and actually pinpoint on all. the things that you said, I think we learn things. There are. assignments that we have to present in. school and give presentations. That's. where the presentation skill comes in. the picture. There are times where you.

have to become the leader and the. monitor in the school and lead the whole. lead the whole class. You are being. presented by opportunities every time in. every class every year or so many. different things. It's just they never. tell us about the importance of it in a. way that they should. So, and obviously. apart from that, there are 10,000 things. which they need to add in the curriculum. because now that we understand it, but I. don't think that it's completely bad. like the way all of us have been. thinking about education system. No, I.

and I I I agree. I would never make the. claim that it's completely bad. I see. the merits of the education system in. sticking to a curriculum. It teaches us. commitment. It teaches us teamwork. I think the education system has played. a pivotal role in getting people, especially in the developing world, from. poverty to survival. So, we have to acknowledge that. Has it got people from survival to. success or from success to significance?

That's where it falls short. So, it's not about attacking it, but. it's also not not about blindly. defending it either. It's about saying, "Okay, is there scope to potentially. improvise it?". There is Look, there is a school of. thought, and you might dismiss this as a. conspiracy theory, but there is a school. of thought that would also argue that. the origins of the education system. was to provide workers for the. governments and corporations. Now, that's a controversial subject in. itself, but the reality is. uh the the way we deliver education and.

the curriculum seem to be very outdated. and seem to be more suited for the. industrial revolution. Uh you know, I did an MBA degree. Um. what did it teach me about. entrepreneurship, right? Uh I think it. was training me for corporate. management. I don't think it was. training me to start a business from the. ground up. Um yeah, you know, so so there are. questions that I have about this, right? Now, I I certainly don't want to be I. don't want to have a extreme view on. this, but I have skepticism around the.

fact that, you know, if the education. system has more merits than demerits, then we should have at least more than. 50% of people inspired, living a. meaningful life, being financially. abundant. And you In every area, you see. people that don't do well, but the. percentages are so damn low. of people who are living that type of. life. And their own admission, when. people will tell you, you know, and I. when I talk about sub success, one of. the things that objection that comes up. is, "Uh but Ron, isn't success different for. different people? Isn't it a subjective.

concept?". And I agree with that. Yes, it's. subjective. However, there is a. universal definition of success, an. individual's ability to get what they. want out of life. Yeah. Now, if if. between you and I, you are making a. series of decisions where you can get. what you want out of life, that means. you know what you want, plus you have. the ability to figure out how to get it. And let's just say you are living your. life where 80% of your time you are. doing what you want, and I'm making the. types of decisions where only 20% of the. times I'm able to live the life that I.

want. Regardless of what we want, it can be. argued that Raj is a way more successful. than Ron because number one, he's. figured out what he wants. Number two, he has aligned his decisions in such a. way that he's been able to get those. things in his life. He's been able to. design the life and lifestyle that he. truly wants. So, I think that argument stands that. the individual who is able to work out. what they want, and they know how to get. that out of life, that individual is. smart. I mean, what is the ultimate test. of intelligence at the end of the day? I. would argue it is an individual's.

ability to get what they want out of. life. If you can get what you want out. of life, you're pretty damn smart. Because what If you really look at, you. know, how some high high high-achieving. individuals become successful, it's not. one or two decisions. It's a series of. good decisions. They have made more good. decisions than bad decisions. But that doesn't just happen. It's not. luck, it's not destiny. It requires. skill, it requires an evaluation of. situation. It requires the ability to. understand and manage risk. It about. requires the ability to make decisions.

So I think the question is why is it. that only a small percentage of human. beings are able to do that? So what is. the real purpose of education if number. one, it's not going to allow individuals. to be able to do that. But secondly, here is another thing I found. I found that there seems to be a. positive correlation between how many. years you spend in institutions and how. close-minded you become. I know again it's a controversial view. I get that. But it's very difficult to. get. professional people to open their minds.

to a view that contradicts their current. worldview. I find in many cases, based on my. observational experiences, it's easier to get somebody who's. ignorant to open their mind as long as. they're hungry for knowledge. But once you believe you have knowledge, you're more likely to resist any new. information that contradicts your. worldview. So then that's another issue that I have. with the education system is that it's. not really producing open-mindedness. It's producing more close-mindedness. You know, this is how we've always done.

things, this is how we're always going. to do things. And if you come and. challenge us, I don't like the way it. makes me feel. So I'm going to reject. you. Even if it's the truth, I'm going. to prioritize my feelings over facts. Now to me, I would say I would argue. that that kind of response is indicative. of low emotional intelligence. And now. studies are showing that high emotional. intelligence actually corresponds more. to career success than IQ alone, right? So I've seen that personally. I have. I've tested this, you know, I have.

tested that anytime I share a piece of. information with my professional network. that is a bit out of the ordinary, that is not something that's known and. in the mainstream, I don't find that curiosity. I don't. find this, you know, I want to at least. know this before I dismiss it. No, I'm. going to dismiss it because I'm happy. with what I've got. Right? I don't want to even look at it. And we do get and I'll tell you these. types of responses. I have tested this. I mean, one of the best ways that I. experiment on human behavior is through. social media. When I put a piece of.

content, I see how people respond to it. And the more the content challenges a. particular worldview, the more I see. emotional outbursts around it, right? I. don't see curiosity. I don't see, you. know, Ron, I'd like to know more more, but you know, I think that this doesn't. sound accurate to me or doesn't sound. right to me. Can you explain? No, that's. immediately they're going for an attack. And so why does that happen? Why are. they so hell-bent upon defending a. particular worldview and they're not. open to anything else? And so I do think.

that that's another issue with the. education system. I think in many cases, not in every case, in many cases it. produces that close-mindedness. I get a. lot of people saying, "But not everybody. can be an entrepreneur.". Right, but it's okay for everybody to. get a degree and get a job and you were. not concerned about the oversupply of. degree holders, but all of a sudden when. I talk about entrepreneurship, you seem. to be concerned about the oversupply of. entrepreneurship. If you talk about health, you'll never. hear anybody say, "But not health is not. everything." If you talk about family, people will never say family is not.

everything. Talk about money. and what do people say? "Money is not. everything.". What is that? That's a way of defending something, right? What are you being defensive. about exactly? So I find and because of what I'm. talking about, money has to be one of. the most controversial issues in the. world. I understand it's a trigger point. for a lot of people. I understand that a. lot of people feel uncomfortable with. the topic of money. That's fine. But if you're a really open-minded. person, you're not going to shut off the. conversation or the debate because it.

makes you feel uncomfortable. You'll. demonstrate curiosity. Mhm. And that's. one of the things I'm also finding, especially in the professional domain, it's been a bit of a shock to me that. it's the professionals that seem to be. more close-minded than people who would. haven't got uh that level of education. And let's just talk about the behaviors. I mean, you're an entrepreneur, I'm an. entrepreneur. What are we really. rewarded for? Individual expression? Individual expression is discouraged in. the education system. Collaboration? In the education system, collaboration's.

called cheating. [snorts]. Right? You think about it, right? Standing out? Standing out, you're seen as a. troublemaker in the education system. Conformity is definitely discouraged in. entrepreneurship. Conformity is. encouraged. Depend Independence is encouraged in. entrepreneurship. Dependence is. encouraged in the education system. Like there are many reasons why I'm. skeptical, right? And so. you know, like come on. I mean, we. should be India has a lot of problems. right now. Where are all the.

entrepreneurs that are solving the. problems? There are hundreds of millions of people. going through the system. How many of them are coming out and. solving the problems? How many of them are not chasing just. salaries and positions versus going, "I. have a vision and I have the confidence. and the skills to bring that vision to. life." Why are more people not doing. that? Because they don't have the. confidence and they don't have the. clarity. But isn't that the purpose of. the education system? What do you think? Like how can you make more people think. openly? I think the only way is you have.

to challenge the existing worldview. I. mean, you can't You have to shatter the. existing worldview. Pardon? But they. start hating you then. I know and that's. okay. I mean, Plato said that no one. hated more than the one who speaks the. truth. I always say to people, you know, if you. don't like a piece of information, try. and look for the truth in it. And if you. love a piece of information, try and. look for the lie in it. Right? Nice. Nice. Because not everything that we hear that. makes us feel good is good for us. I. mean, if you look at I'll give you some. examples of this, right? Mhm. Pornhub.

They get what? Something like 100,000. hits per second. It's popular. People like it. Is it good. for people? No. Some of the most profitable companies in. the world are junk food companies, are. tobacco companies. People love it. Is. that good for them? No. So we have to look at those things as. well. Our love for something or our. attraction to something is not a gauge. of what is good for us. You know, and so there is a case for, you know, sometimes in most cases the.

truth is not something what we want to. hear because it shatters our belief. system. It causes deep irritation in the. mind. But that's what I'm saying. Emotional. intelligence means to separate the facts. from the person. If you hate me for. speaking the truth, you are now. even proving more that you're. indoctrinated to the point that you. cannot separate your feelings from. facts, which is a indicator of low emotional. intelligence. And low emotional intelligence is. synonymous with indoctrination. Right? So. you have to learn this because it's not. for me. It's I'm not trying to be right.

here. I'm trying to get people to the. next level of evolution. That's all I'm. trying to do. That's I feel like that's. my mission. And. but we can't do that if we maintain the. existing worldview. How do we There is. no space for the new worldview to come. in? And you really got to decide at the end. of the day, you know, it's not up to me. I'm not going to force this on anybody. But I will say. you can be you can be defend you can. defend any worldview you want, but be careful. Have you evaluated whether this. worldview is supporting you and enabling. you or is it disabling you and.

disempowering you? Have you at least evaluated that? Right? Go ahead. Defend whatever you. want to defend. But if it's not working. for you. and you're still defending it, that. shows that you're prioritizing your. feelings. over facts or at least demonstrate that. you're curious enough to know whether. this is true. Forget about the fact that you don't. have to accept anything that I'm saying. as the truth. Mhm. But are you prepared. to at least experiment with it to find. out? Or do you have no curiosity? Right? Because indoctrination leads to.

diminished curiosity. Curiosity. I agree with. you on this point. I believe. anybody. Okay, and I say this anybody, I want to. take the liberty of being a little loose. here, but correct me. Okay? Anybody who's gotten to some level of. success in their life, at some point they were irrational. optimist. They were not logical. I agree. That. they had this belief, they had this. faith. They were irrational about their. approach. They had They were irrational.

and imaginative about the future they. have and they want to build it. They're. just optimist. They're like I know. I know that. Obviously they were at some point they. were calculative in certain nature, but. majority of the decisions. were taken because they had belief, they. had faith, they were spiritually aligned. or maybe they were just irrational. optimist if that's the word you want to. call them. I agree. I think irrational. self-belief is definitely a prerequisite.

to success. The realist or the intellectual would. say, "It's not realistic." Yeah. But whether the individual who has. irrational self-belief realizes it or. not, but they're actually being. spiritual at that moment. A case in. point, and this is going to be I this is. going to really disturb a lot of people, Donald Trump. Most people would argue that he's a. low vibrational human being. A lot of. people don't like Donald Trump. They. might say he is corrupt or he is selfish. or he's narcissistic. We hear that all.

the time, right? But let's just for a moment put our. emotions aside, examine the man who has. been able to materialize and manifest. absolutely everything that he wants in. his life. From marrying the most beautiful women. to doing billion dollar developments, increasing his net worth, and even. getting in becoming the most powerful. man in the United States without having. a background in politics. Let's ask ourselves why. Guys got irrational self-belief. He's. got faith. I'm an emotional person. Okay, and the way you said it, like you.

don't let your emotions drive your. decisions. I have seen and noticed and observed. that in lot of situations my emotions. drive my decisions and they've. overpowered me and I'm trying to. understand manage and get more. intelligent and I've not reached that. yet but I'm on my own journey and. eventually I'll be there because. for the longest time. I used to repel emotions and I used to. feel cool that hey you know what.

I'm against having emotions you know. that you know that this when you're. growing up and you see this American. series where like everybody is so. powerful and cool and cool and cool and. stoic right so I used to watch the. series called Suits Yep. Harvey Specter. and there's a famous line by Harvey. Specter where he says that. I'm not against emotions I'm against. having them not using them right and I. started using that I was like hey you. know what so for the longest time I. didn't realize that I am a very. emotional person even the fact that I. want to repel emotions coming from a.

strong belief that the world is against. me and everybody has seen me as an. inferior personality and there was like. so many emotion emotional. burst outs break outs which break. throughs which needed to be done in for. me in order to accept it right. and. when you look at me as a person and I. I let my family dictate a lot of. decisions because I'm so emotionally. tied up and sometimes I forget logic. I'd let my close ones dictate emotions. sometimes in my organization there are.

employees who I know that okay XYZ this. person team member I know that he's. lying or she's lying or this is the case. but I'm so emotionally attached and I. was like let it be it's fine like let it. be it's fine right so I'm on this. journey so I felt And someone and. someone and someone say you know what. here here is an individual who is. allowing their feelings to describe. their decisions and they're doing not. badly at all but my question would be. could Raj do even better Of course. Right. Of course if he was not led by emotions.

in certain things I would argue though. for you to get to where you are you have. been able to understand and manage your. emotions better than the average person. there's definitely a case right because. I'm also emotional I'm not saying. suppress your emotions that's not a good. strategy what I'm saying is don't be led. by them because they do distort our. thinking right We need to be better. managers of our emotions. Yes and I know myself like I might I. know that sometimes I'm speaking to. somebody I might not like them. but instead of not liking them my second. thought is hang on why am I not liking. them they haven't done anything to me.

this is my own bias playing out either. they remind me of somebody or I feel. like they don't like me so I'm not. liking them but these are just biases. and beliefs in my head I'm fabricating. these thoughts in my head I have no. evidence of any of this so I'll question. my own dislike for individuals or I'm. uncomfortable around certain people why. am I uncomfortable around certain people. that's what I'm saying we need to start. doing more of right so that we can make. better decisions cuz a lot of the times. we are removing people that are good for. us and we are embracing people that are.

bad for us because we are emotionally. led and in that moment we are not. thinking straight No I get you I hear. you and I completely agree with you and. I. do for everyone who got a wrong idea. that I'm letting my emotions come out. and that's I'm doing fairly well I. really believe that you should not take. away this from me in this conversation. because I believe there's a merit in. actually be able to become really really. emotionally intelligent there's a merit. in understanding emotions better there's. a merit in able to feel understand.

observe and use it for your strength so. I'm on the journey I'm learning it. probably. during the series of these podcasts. people will see me becoming a more. emotionally aware person but I'm not. there yet so I'm learning so Neither am. I neither am I I've just over a period. of time I've reduced how many decisions. I'm making from emotions I still do. sometimes but the critical decisions I. don't. you know and and that's important um. and especially decisions about our.

career a lot of a lot of people are. making those decisions from a place of. fear and scarcity that is an emotionally. led decision or what's trending and. what's popular at the time right so. that's again you becoming enthused and. you're becoming enamored with what's. happening. uh and in those moments I think there is. a high risk of making decisions that are. not going to work out very well for you. in the long term. uh and to avoid that I think it's. important to have an understanding of. emotions which is a big part of. emotional intelligence which has been. conveniently removed from the education. system.

of course I'll tell you right like. you're talking about my previous success. of what I've done. that was also emotionally led and I want. to. just say give you an example which I've. never shared it. for the longest time for me it was just. about proving people wrong. right and in this process because I. became so much like so into myself that. hey this person doesn't believe in you. let me prove this person like my teacher. is like this I want to prove her wrong. my dad's like this I want to prove him. wrong right and I had over the period of. time I didn't realize that people are.

supporting me I'm against them also in. my own so for the longest time I was. fighting a battle against my dad in my. head right again my dad in my head. and I was like okay I want to show my. dad that I can be independent I can be. this I can be that I can be all that. my dad's always been there to support me. [laughter]. like it's never. there was never a battle so I feel that. those kind of things for the longest. time I was coming out of anger revenge. feeling of inferiority these are all.

emotionally led decisions and that's why. I think I've gotten to a certain point. but now there's nothing like that I feel. content with who I am I really feel I've. accepted the way I am my self-awareness. is going high and high and higher every. time and I think now it's time that more. than emotions I want to take my. decisions based on imagination based on. values based on my version of how the. good world will look like right so. That's a great point and thank you for. sharing that Raj but I will say. something here.

if you are going to make decisions from. negative emotions. it's better to make them from anger than. from fear. because when you look at again the. frequency chart anger requires energy. and anger can produce high performance. it may not produce fulfillment Yeah I. agree. Yeah but it can produce high achievement. and high productivity cuz when I I. remember before I developed the level of. self-awareness that I had I also had. anger. interestingly it didn't really.

affect my ability to achieve and be. productive and perform. it didn't. so I saw that I saw that the positive. side of anger I did see that as a kind. of a positive catalyst to high. performance anyway certainly not great. for your nervous system not great for. your health not great for your. relationships not great for fulfillment. but if you had. to operate from any of the low. vibrational frequencies you're better. off using anger than guilt fear or shame.

Nice. those definitely will not allow you to. produce and perform and achieve I want. to touch the money part because I think. that we didn't touch at all I want to. know your quick rules of money tell me. top three rules of money if people want. to become really successful or. financially independent or they want to. be wealthy let's just talk about rules. of wealth if that's a better word to say. Okay well let's talk about the money. psychology first I mean I think it is. important that you have you place some. value on wealth. Okay. now placing value on income is not the.

same as placing placing value on wealth. I will just make that distinction right. now. just because you want a high income. doesn't mean you value wealth it. actually means that you may value. spending. so a lot of people want the income not. because they want wealth it's because. they want spending so that's not the. same thing see actually have to value. wealth which basically means you like. the idea of your nest egg growing. majority of people who want more income. don't place value on wealth so I want to. make that distinction very clear you. have to place a value on the building of.

an asset base. that is important if you don't you are. not going to take the actions that are. necessary to build an asset base even if. you have high income. I'm not convinced that there is. necessarily a positive correlation. between high income and high wealth I. think it's very plausible to be on a. high income and still have very low. wealth and I have seen many examples of. that so that's the first thing you. actually have to tangibly place uh value. on wealth creation secondly you've got. to eliminate all negative associations.

with wealth stop saying wealthy people. are greedy and corrupt there are poor. people that are corrupt and there are. wealthy people that are corrupt. corruption greed exploitation is more a. manifestation of character than it is a. manifestation of money. let's not attach it automatically to. money so we see a rich person being bad. we automatically assume that the badness. is coming from wealth it could be coming. from a lot of different things but it's. the way we think so you have to start to. proactively look and seek examples of. wealthy people doing great things.

um you know and start to see the how. wealth is a positive catalyst for. contribution as well as having choices. third. understand that the best measure of. financial wealth is actually net worth. it is not income it is not profit it is. not revenue it is not cash flow it is. net worth I can have a business that. produces this much revenue somebody can. have a business that produces this much. revenue but at the end of the day if I. have a higher net worth than them I am.

doing better in the money game. and it's very plausible you see a lot of. people with massive revenues in their. business. but if they don't have the net worth. they don't have choices. they always have to work for money so. revenue income those things are fine but. ultimate measure of financial success is. net worth so keep an eye on that and. that's one of the things I was saying to. you you know people don't even know what. to look for what to aim for. what is net worth let's just tell. everybody Well net worth is basically. what you've kept and what is growing.

right I can make all this money but have. I got anything to show for it? And that requires a number of. strategies. You know, you want to make. sure that you're putting something. aside. You want to make sure that that. money is growing. You want to make sure. that that money is protected. You want. to make sure that you're using as many. leverage strategies to multiply that. money as rapidly as possible. You don't. want to speculate. There's a number of. things there. So, you really want to keep an eye on. net worth. At the end of the day, if you. made all this money your entire lifetime. and then by the time the game is over,

you've got nothing to show for it, have you really done well financially? So, you really got to keep an eye on net. worth and that's like To me, this is. such elementary knowledge and this is. one of one of the reasons why I'm. astonished that the education system. doesn't even teach us to aim for it. What's your There's There's a new guy. in the in the town. Just everybody he's. becoming the poster boy for men around. the world and toughening up, Andrew. Tate. What's your view on him? There are many things that he says that. I agree with. I was actually saying it a. long time ago, but it's not where I.

wanted to be positioned. Um, but I do. agree with a lot of what he says. Uh, it just depends on which part you're. referring to. Again, he's become a. controversial figure. Um, again, he's. just another example of person who is. speaking things that people wouldn't. dare speak. Um, and I think again, before we get. emotional about what he's saying, we. really need to objectively assess it. Um, I definitely think that there is. some facts in what he's saying. Um, but it just depends He says a lot of.

things about a lot of things, but I I I. do feel that. um, you know, if you're looking in the. Western world, uh, the feminism movement. is big. What has it resulted in? Has it really. resulted in better new families? Has it resulted in better birth rate? Uh, reduced divorce rate? Has it. resulted in more financial independence? Has it resulted in women being happy and. fulfilled? Um, doesn't I'm not convinced that it did.

what women thought it would do. And so, I have views on it. Um, I'm not a traditionalist um, in any any. way. I was growing up I've grown up in a. a feminist society. Um, but lately as I'm getting older and. I'm looking and I'm objectively. assessing the impact of the feminism. movement, some of my views are becoming a little. bit more traditional now and I'm. starting to see the merits in that. traditional family unit. Uh, where men serve different functions.

and women for serve different functions. And I know this Just saying this will. risk me being labeled as a misogynist. Uh, but it's not about that. It's not. saying that men and women women are not. equal. It's about saying that women men and. women are not the same. And because of that, we do things. differently and we can't We are meant to. carry out different functions. And when that comes together, I think society has a higher chance of.

thriving. There There is a case to say. that in many Western countries, the. birth rate is declining. because a lot of the chemistry and. attraction between the genders happens. through that polarity. And so, if you remove that polarity. where men are becoming more like women. and women are becoming more like men, the attraction automatically diminishes. Diminished physical attraction between. the genders automatically results in a. declining birth rate. A declining birth. rate makes a nation weak. Uh, so there are There is You know, I. know this is a very simplistic. explanation and you can dive deep into.

it, but there is something here. that would suggest that, you know, the. feminist movement definitely has some. issues. And I I don't know when it went from. being pro-women to anti-men and that's. another issue in itself. You know, it's. like pendulum was probably needed to go. this way, but it's gone so far this way. now that all of a sudden it's gone from. being pro-women to anti-men and I don't. know when that happened and it's like. that's dangerous. Because now you're. making men feel like we need to be.

feminine and we can't even serve our. primitive nature of being men and our. instincts of building and conquering and. advancing and protecting and defending. because now you're making us feel like. we're aggressive. Right? [snorts]. So, there is that case as well. And uh, it's about Obviously, you want to be a. civilized and emotionally intelligent. human being and a man, but at the same. time, you have to be very careful not to. give up your masculinity because that's. what makes you a man. And at the same. time, it's what makes you attractive to.

the same women who are criticizing men. So, I think there is a It's a very. careful balance. It's a very nuanced. concept. I certainly would not claim to. be an expert on it, but I do have strong. views on it. But do you believe that. a lot of. around the world, the movement and. everything. Okay, I'm not an expert on. this and I love. um, I believe like men definitely needs to. be a better feelers. Men need Men need. to learn how to feel better because I've. been surrounded by women and strong. women around my life. My mother, my.

sister, my aunts, like everybody's like. that. So, obviously not an expert. I've. not understood I don't understand the. feminism movement as of yet because I've. not studied it enough. So, not an opinion. It's just a. question. Like there was I was recently. traveling and I met a couple of people. there. Uh, somebody asked me a very interesting. question. I want to ask you that as. well. Do you believe that the modern media. is somewhat trying. to. to make men think that.

they should not be the way they are they. are right now. Are they trying to make them weak? Are. they trying to make them sensitive? Are. they trying to make them I don't know. whatever the word is. Somebody asked me. this question. Like. Feminizing men. Feminizing men. Let's just say Talk. about that. yes. The modern media is doing that? 100%. But what's the harm in that? Well, I'm. just questioning beliefs. Yeah. Great. question. What's the harm in men being. more feminine? I think we need to ask women first of. all, do they want more feminine men? They may like them, but how do they. respond to them? That's the first thing.

Second thing, if a building's burning, right? And. there is. people stuck in there, do we ever see Would we expect women to. run in there. to rescue? We wouldn't. We would expect men to run. in there and risk their lives. That's. the expectation that society has. The expectation is that women should. scream, run. out screaming and nobody's going to say. that you're a coward because that's the. the true feminine. They're doing what. they're supposed to do. Run, preserve.

themselves and their families. But if a man does that, he's going to be. ridiculed. There's an expectation that. he should have gone in rather than run. out. By By default, there is an expectation. on men and I think it's a rightful. expectation that we have to act with. honor. We can't just be about. self-preservation. We have to build. We. have to think intergenerationally. We've. got to think about long term. That. requires risk. That requires a level of. aggression. Do you really expect. that feminine men.

who don't believe in these concepts of. honor and masculinity and protecting and. defending and creating and building are. going to run into that building? I don't believe they will. Mhm. And that's the problem. Now, imagine. your country is being invaded or your. house is being invaded. Do you really. want a bunch of women to come and fight. off the offenders? Or would you want. the most masculine, rugged, dangerous. men to defend you?

You see, you know, there's a saying that, you. know, good people can sleep comfortably in. their beds because a lot of bad people. out there. are protecting their freedoms. There is a case for aggression. It has. to be controlled aggression. I think. what we had, the masculine man of the '60s and '70s. is not the answer either because they. were low on emotional intelligence. But what we perceived that was that. let's give up all the masculinity to fix. those men. That's not the solution. Yeah. The solution is let's maintain.

those positive elements of masculinity. and complement them with spiritual. awareness and emotional intelligence, but not to give them up. I'm a man. I'm. proud of being a man. I behave like a. man. I think like a man. And I will. never change that for anybody. And I. have zero shame in it. And if society tries to make me feel. like I'm aggressive for it, I'm rejecting that message because I. know my daughter, my wife, the women in.

my life expect me to be a man, stand up, protect and defend when the time comes. And I need to fulfill my responsibility. Men think differently. That's a fact. And we can also logically say it doesn't. work, but we also have to be mindful of. biology. Biology doesn't care about. logic or intellect. Biology is biology. What women. may want and what they respond to. physically sometimes are not the same. things. And so, even from an attraction point of.

view, women need a man that they look up. as a leader. I'm not saying that the man. should control her and suppress her and. dominate her, but they do want a man who. is dominant about his career. aspirations. Right? So, there is a case to say that. there is some level of dominance that is. good. I mean, at the end of the day, you. know, you can get too domesticated and. that's a risk to a man. Uh, as a man who has been brought up in. a very civilized society, a very. well-functioning society, a society that. has rules for everything, how do I.

maintain some of my wild instincts? Right? You don't go to the zoo. to see a dog. You go to the zoo and line up to see. the most dangerous animal. Because you know it fascinates you. It. intrigues you at what it can do. And I. think I love the words of Jordan. Peterson. You know, he said, "A good man. is a strong man who has the capacity for. violence, but doesn't choose is not to. use it." Rather than a man who hasn't. got the capacity to war, that's because. then he's just weak. So, we want to make.

sure that we can maintain that level of. aggression and that level of dominance. drive, but we use it sparingly and. appropriately when and as and when it's. needed. And not to use it on people who. need our support and not to inflict that. upon people that may be physically or. mentally and emotionally weaker than us. That's the critical point that we forgot. to tell the men and I think the. narrative is completely distorted now. So, I do feel that culture and media are. working collectively to feminize men. I. don't think it's good for men. I. certainly don't think it's good for.

women. [clears throat]. Interesting. Because I. I believe in this that. I think as a man. you should. you should understand. women in your life. You should. understand the feminine energy. You. should embrace that, but not lose your. masculinity as well. Right? A lot of. this the conversation as you rightly. said it's gone into the extreme. Like be masculine, but don't be toxic.

Like don't get into toxic masculinity, right? Because that's bad. Like be super. masculine, be happy. I am a man. I. believe in this. I have certain traits. of aggression and everything of that. sort. But at the same time. I am self-aware enough about the other. gender in my life and I feel what. they're feeling. I understand what. they're understanding. I try to. understand them and try to understand. their logic and where they're coming. from and their comfort zone as well. So, I think every man needs to learn that as. well. So, it's a. it's a balance. We don't need to be.

feminine, but we don't need to be. extremely toxic as a man as well because. the whole conversation is going on like. on the on the two different notes on a. lot of media as well. And there is toxic femininity as well. There is that version as well and we. have to be careful though not to label. strong men. and assertive men as toxic. We have to. be careful, right? sure. Strong men means very different. than toxic masculine. I. believe everybody should strive to. become strong men. Yes. And society needs them. Yeah. The. Look, I believe that the the spiritual.

order was you have God. Men were. supposed to submit their authority to. God. That's how you gain wisdom and you. gain compassion and you can gain. courage. If a man submits his authority. to God, that means he's a wise leader. He's a compassionate leader. The there. was an expectation that women would then. submit their authority to the men. And. then children would submit their. authority to the women. That was the social order for most of. humanity. And. we tampered with it. And we thought we this the social order.

is outdated and so we should start to. tamper with it and now we have women. living with cats and dogs and the cat is. the child and the ultimate authority and. then comes the woman and there is no man. and there's no God. And we yet to see the implications of. this. messing with this particular order. The issue also happened in some cultures. where women were exploited because women. were expected to give up their authority. for men who had not given up their. authority for God. That created an issue because a man who.

hasn't got a sovereign moral authority. uh to look up to then becomes God. himself and the problem with that is. that that man is very likely to use that. to exploit others. So, we placed expectations in certain. cultures and societies that women should. submit their authority to men, but we. didn't place the obligation for men to. become wise and spiritual and bold and. all the qualities that come that are. synonymous with being spiritual. So, that was unfair. And so then the.

feminist movement was in response to. that. So, but we fixed it the wrong way. What we should have done is to place the. obligation on men to hey, you get your. act together. You need to be more. responsible. You need to look after the. family. You need to stop watching porn. You need to stop watching sports. You. need to get your financial house in. order. You need to build. That's your. duty. We didn't do that. We attacked the. women for wanting to submit. So, I. understand why women got so upset and. women was like, you know, I've had. enough. I need my independence.

Reality is women would most women would. much rather be in the security and. comfort of a man who protects her, but they don't have a choice anymore. because men were not trained properly. I. mean, that sums up all my questions and. I'm glad that we could do that. That was. like a good conversation. That was. great. You I mean, I can see why you are a very. successful man and well done to you. I'm. learning. Figuring out Thank you for watching this. episode till the end. Please let us know. in the comments what were the things.

that you liked, what were the things. that you didn't like and if you want us. to continue these kind of episodes which. are very heavy on mental models, on. debates of how the world works and how. it can make you and me better and how it. can train us to achieve our Indian dream. faster. Before you log out, please remember to. share this episode with at least one. person because one episode can spark so. many ideas and out of all those ideas.

just one. idea is enough to help you, to help me. or to help people around us achieve. their Indian dream. Until the next episode, keep figuring. out.