Welcome to The Dollar Diaries podcast, where we dive deep into the world of finance, money management, and everything in between. Join your hosts, Jamilah, Guhaesh, and Abubakr, as they embark on a journey to unravel the mysteries of money and share their own experiences along the way.🎙️ About The Dollar Diaries 🎙️The Dollar Diaries is your go-to podcast for all things money-related. Whether you're a seasoned investor, a newbie saver, or somewhere in between, we've got you covered. We explore diverse perspectives on managing money, making smart financial decisions, and even navigating the occasional financial hiccup.💡 Meet Your Hosts 💡Jamilah: With a background in marketing, Jamilah brings her unique take on money matters. She's on a mission to turn her 10 into 100 and share her insights and challenges with you. https://instagram.com/jamilahparekhhAbubakr: As a finance major, Abubakr's journey is a blend of knowledge and learning. He's determined to prevent his 10 from turning into zero, and he's here to uncover the secrets of successful money management. https://instagram.com/bbaakkrrrGuhaesh: A finance enthusiast who's always up for a stimulating conversation. Armed with a degree in finance, he has an insatiable curiosity for unraveling intricate financial concepts. https://instagram.com/guhaeshAbout this episode:Binod Shankar - an exec. coach, podcaster, author, CFA, and the ex-Managing Director of Kaplan Genesis talks about the following:- Success is a result of skills, attitude, being at the right place at the right time, network, and luck.- Networking is extremely important.- Parents' networks can help startups get seed capital.- Survivorship bias can lead us to believe that success is easy and inevitable.- There are pros and cons to both being a hustler and not being a hustler.- If you are young, it is a great time to lay a foundation for your future.- This foundation can be laid by trying out various things, acquiring a good education, getting good mentors, and getting into the right companies.It is smarter to focus on a few things and do them well than to spread yourself thin.Working your ass off until you are in your 40s and 50s can lead to health problems and a lack of work-life balance.Your identity should not be linked to your job.Producers: - Abubakar Sajith: https://instagram.com/bbaakkrrr- Aditya Poddar: https://instagram.com/redbullvodka_- Emmanuel Almeida: https://instagram.com/emmxnu- Guhaesh Subramanian: https://instagram.com/guhaesh- Jamilah Parekh: https://www.instagram.com/jamilahparekhh/- Liz Ann D'Souza: https://www.instagram.com/lizann_10/SPEND LESS: SPEND LESS is an online community for young adults who are eager to build a financially stable future while not compromising on the joys of life.🫂 Join the community NOW!https://chat.whatsapp.com/FG67aEgWQa5IP1W1ue5J8sSocials: Twitter- https://twitter.com/theTDDpodcastFacebook- https://www.facebook.com/thedollardiariespodcastInstagram- https://www.instagram.com/thedollardiariespodcast/Twitch- https://www.twitch.tv/thedollardiariespodcastLinkedin- https://www.linkedin.com/company/spendless-cash/
Timestamps:
00:00 - Previously on TDD
00:25 - Circumstances leading to building a Startup
06:09 - Building a foundation and finding success
09:17 - Grilling Binod on his book
15:05 - Abundance mindset vs Fixed mindset
17:37 - Exposing yourself to different cultures
24:39 - Tribe mentality and Knowing Yourself
35:21 - Touching Grass