How To Invest (and Spend) Money - w/ Raghav
In this episode, my guest in this episode is Raghav Taparia. Raghav is a financial investment aficionado who has successfully built out robust systems for making strides towards his financial goals.
During this episode, he shares a wealth of knowledge starting with a brief investment for dummies section, investing principles, paycheck allocation methods, and most importantly, how anyone can build their own investment plan to steadily progress towards their own financial goals. Raghav discloses the tools and strategies that enabled him to accumulate impressive dividends by investing in a little known stock using only his skills, research, and some resources that he shares with us.
This discussion is for anyone who would like to explore the captivating world of personal finance, and practical strategies to live the life they want without compromising their future goals and ensuring long-term success. As always, all sections are time-stamped on Youtube and Spotify (and wherever else you get your podcasts)
In keeping with the theme of learning from someone that’s just two steps ahead instead of an expert, even more so than other episodes, I’d like to emphasize that this discussion centers around Raghav’s journey through learning and implementing personal finance strategies and systems. I do not intend for this to be financial advice. Rather, my goal is to get you to a point where you can appreciate the landscape of investing and an accessible starting point to build towards your goals.
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Timestamps:
(00:00:00) Intro and background, passion for investing
(00:03:22) Investing 101- Jargon you should probably know
(00:06:38) Investing as a student vs a salaried professional
(00:10:08) Changing spending and investing habits
(00:11:58) Raghav’s paycheck allocation strategy
(00:16:31) Philosophy - Making the smartest people in the world generate money for you
(00:21:43) Resources/practices to get started with investing
(00:24:56) Raghav’s principles of investing + how to find your own principle
(00:26:15) Finding undervalued companies - how and why?
(00:29:57) Raghav’s win story with cashing in BIG after finding an undervalued stock using research and resources
(00:39:11) Tools for personal finance
(00:42:25) Getting scrappy - credit card gaming 101
(00:48:22) Proactive approach to personal finance
(00:53:12) How to cut down on non-essential expenditure
(00:58:56) Question Request 1 - how to build credit score as an international student in the US?
(01:03:23) Question Request 2 - S&P 500, set and forget?
(01:05:16) Outro
