Full Video: Unlocking Success: Why Financial Literacy is a MUST-HAVE in College! ||Acharya Prashant, NIT-J(2023)
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00:00The fellow has access to an online tool and that is telling him how much must he save every month
00:07and how much must he deposit from his quarterly bonus so that at the age of 50 he has a corpus
00:16worth retiring. But he does not know what to do really till the age of 50 or after the age of 50.
00:23He does not know what retirement means because he never knew what work means.
00:27And if work really is work, will it ever allow you to retire? That fellow does not know that.
00:34But what he knows quite smartly is that if you put this much here, this is how mutual funds
00:40operate, this is how international markets operate and I can also do some intraday trading on the
00:45stock exchange and if I do all this quite smartly then I'll be able to save this much.
00:50What will you do by saving that much? Yes, of course, you will manage saving all that.
00:55What will you do with that? That is a question that has never been answered and that is the
00:59most fundamental question. Without answering that question, all other questions and answers
01:04are purely worthless.