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Thursday, August 29, 2024

Kolkata Case | Why is India so UNSAFE For Women?

 

Kolkata Case | Why is India so UNSAFE For Women?

 

https://youtube.com/@uniqueinsights-k1t?si=_Yp15DEz3kd0eOiq

 

Hello, friends! The heinous crime that took place with a 31-year-old trainee doctor in Kolkata's R.G.Kar hospital has shocked our nation's soul. We have seen protests in many parts of the country including West Bengal. Doctors have gone on strike, the protesters were attacked by goons, and the hospital was being ransacked.

 

So far, the police has arrested 25 people. Everyone is questioning Mamata Banerjee, who is not only the Chief Minister of West Bengal but also the Home Minister and Health Minister of West Bengal. It was strange to see her take out a protest rally after this incident. But the question is, against whom? No one could understand this.

 

The main culprit of this incident is Sanjay Roy, a civic volunteer in West Bengal Police. In the past, three of his marriages ended due to domestic violence. The first question is, what kind of a person was recruited here to become a civic volunteer? Looking at his history of domestic violence, police should have taken against him already.

 

CCTV footage, his Bluetooth device, and DNA samples were used by the police to arrest him. He has confessed to his crime. But the second question is, how did he have access to all the departments in the hospital? A few days after the incident, there was a demand to transfer this case to CBI. CM Mamata Banerjee tried to shrug off this demand by saying that she has no problem with this.

 

If the police couldn't do anything in the next few days, she said that she would transfer this case to CBI. The Calcutta High Court, while citing reasons such as lack of trustworthiness of the police, ordered the case to be handed over to CBI. Along with this, the High Court has also reminded that the demand to hand over a case to the CBI shows that the state police is no longer trusted by the people.

 

And this is the failure of the Home Minister and Chief Minister Mamata Banerjee. Here comes our third question, how was a man like Sandeep Ghosh, appointed as the principal of R.G.Kar Medical College? He is accused of being a corrupt person. Allegedly, he ran this medical college like a mafia. But his transfer was stopped again and again.

 

It's suspected to be because he was close to TMC. In this case too, he is accused of atrocities. He is accused of trying to suppress the matter. Trying to play it off as a suicide. The victim's parents were not allowed to see the victim's body for hours. There was a delay in filing the FIR and when he was removed from there, he was made the principal of Calcutta National College.

 

I mean, if a person is not fit to be in charge of one place, what sense does it make to transfer him to another place? Calcutta High Court pointed out this nonsense and sent Sandeep Ghosh on an extended leave of absence. To investigate the corruption charges on Sandeep, West Bengal government has made an SIT, which is asked to submit its report in a month.

 

CBI has interrogated him four times in this particular case. When people all over the country wanted justice for this case, then for the safety of women in workplaces, West Bengal government announced some initiatives. Supreme Court took a suo-moto cognizance of the matter, gave some strong statements like "What is equality under the Constitution if women can't be safe in their workplace and are being denied basic equality?" To bring about ground level changes, the country can't wait for another r@pe.

 

A few days ago, I wrote a post on this case and asked you not to "lose your interest" in this issue. By the time this video is released, maybe the outrage will be over, maybe the protests will have stopped. But will the nearly 80 r@pe cases taking place in our country every day have stopped? Not at all.

 

After Kolkata, we got this news from Uttarakhand. A similar incident with a nurse. In this case, the bus driver and bus conductor were involved. In Bengaluru, a 21-year-old college student was going home from a party when a similar incident happened to her. In Maharashtra's Badalapur area a school cleaning staff was reported to have s€xually abused two girls aged 3 and 4.

 

Hundreds of agitated parents blocked the railway station. Looking at these news, you may feel that over the last 8-10 days, there have been more incidents of r@pes in the country. But this is not true. r@pes are happening every day, but they are not reported every day. Outrage and protests do not happen every day.

 

The first large-scale protests in the country were probably in 2012 after the Nirbhaya case. Then in 2019, when a 26-year-old veterinary doctor was r@ped and mu₹dered in Hyderabad. Then in 2020, people were outraged about the Hathras case. Where this happened to a 19-year-old Dalit girl. And now in 2024, this case happened in Kolkata.

 

Over the last 12 years, there were 4 large-scale outrages and protests. Maybe I'm even forgetting a few cases, but broadly speaking, there haven't been more than 7-8 outrages and protests. And it's not that there is something wrong with being outraged. Feeling outraged after hearing something like this is a natural emotion.

 

Protesting is also a sign of our being alive. But there needs to be some improvement in the situation. If we look at the situation from 2012 to now, it has been the opposite. Around 2012, 25,000 such cases were reported in a year. Whereas according to the latest figures of NCRB, in 2022, 31,000 such cases were reported.

 

That is, 85 r@pe cases per day. If we compare the proportion with the increasing population, we can see a leap there too. Since then, the country's population has increased by 1.14 times. But the r@pe cases have increased by 1.25 times. It's clear as day, the situation is getting worse. The root causes of r@pe not only do they continue to exist, but are even increasing.

 

This is why I feel absurdity. It's okay to protest for a week, but for the rest of the year, if a person is behaving like everything is fine it's absurd. What should be done to improve the situation? Are you ready for this uncomfortable discussion? This discussion will be uncomfortable because you will perhaps see that many of you are indirectly a part of this problem.

 

Will you acknowledge this? I don't know. Because Vir Das had simply said that we are living in Two Indias. On one hand, women are worshipped in our country and on the other hand, they are subjected to heinous crimes. It wasn't incorrect, but people took offense. Similarly, after the Nirbhaya case, Leslee Udwin released a documentary.

 

India's Daughter. It was such a powerful and thought-provoking documentary that it should have been shown to 10th-grade students all over the country. But in our country, people were uncomfortable and banned this documentary. Claiming that this would ruin India's international image. After today's discussion too, you may feel uncomfortable like this.

 

But if you are genuinely concerned about this issue, then watch the video till the end and the steps we will discuss as the solution, let's be a part of the solution. Let's start this video with a small info, those of you who have purchased ChatGPT's course, can now access a new free update. New lessons of over 2 hours have been added to this course.

 

And in these new lessons, not only ChatGPT, I will teach you about software like Perplexity. This is a free update for those who have purchased this course. You don't need to do anything except log in to the course and watch the lessons. And those who haven't bought it yet, you still have the chance use coupon code GET41 to get 41% off.

 

The first 500 people can avail of this coupon code. The link to the course is in the description. Or you can scan this QR code. Right now, the total content length of the course is more than 8 hours, but you will continue to receive such free updates in future. Let's start this video with a very simple question.

 

Is r@pe wrong? You will accuse me of asking an insensitive question. Obviously, r@pe is wrong. But when we look at the societal attitudes around us, then we get a completely different picture. Everyone says that r@pe is wrong, but everyone applies their own conditions to it. Take Nupur Sharma, for example. The BJP leader who said objectionable things about Prophet Mohammad thrice in a single day on three different TV channels.

 

I had made a video criticising this in which I explained how Nupur's statements were completely deliberate and malicious. And because of this, our country was embarrassed in front of Arab countries. But merely because of Nupur's misstatements, is it justified to send her r@pe threats? Not at all. God knows how many de@th threats and r@pe threats she received which can't be justified in a civilised society.

 

Look at Audrey Truschke's case. She is a trained historian. She has written about Aurangzeb a lot. She hasn't called Aurangzeb a great ruler. But according to her findings, Aurangzeb was a complicated character. On one had, he broke down Hindu temples and on the other hand, had saved them many times.

 

If someone finds her historical findings wrong, they are free to argue with her, can present evidence against her claims. But no, what do people give? de@th threats and r@pe threats. Look at Indira Jaising's case. Famous human rights lawyer. In her fight for gender equality, she appeared in many landmark cases.

 

When Nirbhaya's r@pist was about to be hanged, she made a statement against capital punishment. For context,the de@th penalty has been abolished in 112 countries. Still, it can be argued that Indira Jaising's statement was ill-timed, wrongly worded, or it was wrong of her to make such an appeal to Nirbhaya's parents.

 

We may disagree with her views on the de@th penalty, but what did Kangana Ranaut say? She called her a r@pist sympathiser. Not only that, she was Jaising to be jailed with the r@pists for some days. "Keep that lady in jail with those boys for 4 days, she wants to show them mercy. Women like her give birth to such monsters.

 

" this trap of political opinion or political support makes it possible for Bilkis Bano's convicted r@pists to be released. Such r@pists are welcomed and honoured, are called modest Brahmins but people don't outrage. Prajwal Revanna, who was reported for s€xually exploiting more than 2,500 women, but many chose to remain silent.

 

Convicted r@pist Gurmeet Ram Rahim is given parole before the elections again and again. His blind devotees agree that r@ping is wrong they acknowledge that their leader was convicted too, but still, they choose to ignore this and vote for the person their leader tells them to. Brij Bhusan Singh, Kuldeep Sengar, and the Kathua case's r@pists get rallies supporting them.

 

And BJP leader Choudhary Lal Singh who was holding a rally in support of the r@pe accused, was later included in Congress and was given a ticket for the election. That's why I say, on social media, everyone agrees that r@pe is wrong. But when it comes to supporting the r@pist, when it comes down to their political opinion and their own views, then people apply 'conditions' to it.

 

If you do not agree with someone, you can criticise them. If they have done something illegal, report them to the police. But r@pe is wrong. Full stop. Giving r@pe threats is wrong. Full stop. But the problem is that people keep on adding ifs and buts. And it's not just limited to sociopolitical opinion. In fact, in numerous other provisions too, people apply 'conditions'.

 

For the Hathras case, on Zee News, Sudhir Chaudhary said that the victim had romantic relations with the accused. To prove this, he interviewed a villager. "According to our investigation, the victim and the main accused, Sandeep, knew each other for a long time." "A love affair?" News18's reporter Anamika kept shouting for 45 minutes on a show that there were 104 calls from the victim to the accused's number.

 

They had been talking for hours. She claimed to be delivering the truth to you. "They have been talking for hours, for total 104 times." "We bring the truth to the fore." "Whatever News18 claims, it always speaks the truth." Arnab Goswami went as far as to say that there was no r@pe.

 

And the accusations were baseless. BJP leader and former Chief Minister of Haryana, Manoharlal Khattar said something similar. He claims that in 80%-90% cases, the accused and the victim know each other. And if they get into a fight, the girl accuses the boy of r@pe. We have heard similar insensitive statements from West Bengal CM Mamata Banerjee.

 

For example, the 2022 Nadia r@pe case. Where a 14-year-old child was the victim. The CM said that the girl had a love affair with the boy. It feels awkward debunking such statements. Do we really need to explain that being in love doesn't mean a license to r@pe? It's very simple. r@pe means a violation.

 

It is a violation of someone's freedom. No matter how much a person is in love with another, both partners need to consent. Consent means agreement. The girl's consent is crucial. And the second thing is that consent is reversible. That means, the boy or girl can withdraw their consent whenever they want.

 

Everyone has the right to withdraw their consent at any time. Thirdly, the case Mamata Banerjee was speaking about, the victim was a minor. And in cases of minors, consent is not even considered. Earlier, the consenting age was 16 years, But under the POCSO Act of 2012, this age was increased to 18 years. Now, the first thing we saw people's sociopolitical opinion.

 

Second, love affair, being in a romantic relationship. Third, 'if and but' condition of people is "What was the girl doing out so late at night?" Two minors were r@ped in Goa. BJP leader and Goa's chief minister, Pramod Sawant asked "Why were the girls out at night?" When a tribal girl was r@ped and mu₹dered in Jharkhand, then a MLA of Jharkhand Mukti Morcha said the same thing.

 

He blamed the victim's parents and asked them why do they let their daughters go out after evening. Do you know what is interesting? One of Nirbhaya's r@pists, Mukesh Singh thought the same. He believed that if a girl goes out at night and wears "wrong" clothes, then she is responsible for the r@pe.

 

Once again, this is utter nonsense. r@pe doesn't happen because girls are out at night, they happen because r@pists are out at night. If someone thinks that their child is a potential r@pist, then they need to keep their child locked up in their house at night. Secondly, year after year, NCRB reports show that in more than 90% of the cases, the accused was someone close to the victim.

 

In the 2015 report, 95% of the accused knew the victim. 93% in 2017, and 96.8% in 2021. This includes neighbours, friends, co-workers, immediate family members, and relatives too. In November 2020, Delhi police handed over a report to a Parliamentary Panel that stated similar data. In the cases that took place in Delhi, in 98% of the cases, the accused was close to the victim.

 

In 57% of cases, it was a family member, a relative, or family friend. This is seen in other countries too. In America, it was found that in 80% of cases, the victim and accused knew each other. So in most cases, when someone close to the victim assaults them, then how does it matter whether a girl goes out at night or not.

 

The fourth condition is the victim's "loose character." It is said that though s€xual harassment is wrong, but it was a sign of the girl's loose character. "Drinking and going out with guys, girls like her do these. Not girls from decent families. This is what happens to such girls. If she calmly goes with a guy and drinks with him, any guy would think that they are asking for it.

 

Or else why would they go with them, drink with them?" In the protests against r@pe, we often hear that women are the form of goddesses. She is someone's daughter, sister, or mother. But another problem is that people either see women as goddesses or they see them as mere objects. Why not treat them as humans instead? Like a man, every woman is a human too.

 

Whether this woman is a local stage dancer or even a s€x worker, our Constitution gives her a right to freedom like everyone else. But then what are the dialogues we get in films? "Saving the dignity of a s€x worker and imprisoning Tees Mar Khan, are both useless." "Saving the dignity of a s€x worker and imprisoning Tees Mar Khan, are both useless!" Some people with a r@pist mentality think that if a girl is dancing on a stage, it's okay to harass her.

 

Such people point fingers are the woman's character. While the truth is, no one can be more characterless than people who think like this. There is a great film on this topic, Anaarkali of Aarah. in which Swara Bhaskar played the role of a local stage dancer. A politician assaults her so she fights back.

 

The film shows that every woman has a right to her own body. "Pink" is another sensitive film which shows that a girl drinking alcohol does not mean that she can be misbehaved with. This is another excuse of the people with a r@pist mentality. That the girl was drunk. It's true that drinking alcohol is harmful to health.

 

But drinking alcohol cannot be a parameter to judge someone's character. And it cannot be used as an excuse for s€xual assault. Consent is required here too. In fact, Section 63 of the BNS also states that if the woman's consent was given while intoxicated, it can be grounds for r@pe charges too. The sixth condition, the most common form of victim blaming, that though r@pe is wrong but the girl was wearing short clothes.

 

Once again, this is a vile, nonsensical argument. If r@pes occur due to short clothes, then why are young children r@ped? Why are older women r@ped? Why are mentally ill children r@ped? Why are women covered in saree or burkhas r@ped? Why are there r@pes in villages? In Rajasthan and Uttar Pradesh, it is very rare to see girls in short clothes.

 

So why is it that most cases of r@pe in our country are from there? Such a stupid argument, but still, I don't know why, many people in our society think like this. They hold on to this thinking that a girl is r@ped because of her short clothes. "All the ladies, wear short dresses or are n@ked, to (get) r@ped.

 

If you are the parents, please control the girls." A man made this statement in front of the Bombay High Court, that short clothes are the causes of r@pes. In Kozhikode Session Court, a judge said that in a photo, the complainant was wearing provocative clothes. So, prima facie, the accused will not be charged under sections for s€xual harassment.

 

BJP leader C.C. Patil gave similar statements who was later caught watching p0rn in the Assembly. BJP MLA Renukacharya and Rajkot BJP Mayor Raksha Boriya have given similar statements too. An NGO, Akshara Centre surveyed 8 cities. It surveyed approx 3,000 men and 3,000 women between the ages of 15-29. 54.

 

8% of the men said that wearing revealing clothes leads to r@pe and s€xual harassment happens. But amazingly, 39.2% of females also believe this. That means women themselves believe these lies. A popular perception is responsible for this way of thinking people believe that r@pe is caused by s€xual Urge. A few days ago the film Maharaja was released.

 

It was a good film but it showed this incorrect representation of r@pe. In many old Hindi films, r@pe is used as a shallow plot device. Where Prem Chopra, Shakti Kapoor, and Ranjeet, have played the roles of r@pists, there too r@pists have been portrayed in the same way. This old film, Jaani Dushman, crossed all limits.

 

Akshay Kumar's character asks the girl to forgive her molesters. Saying that, because she was so beautiful even a dead man would be tempted. "Even a dead man would be tempted if he sees someone as beautiful as you." "And these young men are alive." "How can they resist?" But the truth is that s€xual urge has nothing to do with r@pe.

 

So stop justifying it as the passion of youth. It's not that those who don't r@pe don't have an urge. And r@pists have such an urge that it becomes uncontrollable. This is nonsense. Many times r@pists do have a consenting partner. They are married. In Paul Gebhard's research and many other surveys, this has been proved repeatedly.

 

In reality, there are three reasons behind r@pe. And r@pists are divided into three categories. First are Power r@pists, who are victims of self-worth issues. Through this act, they want to feel in power. Second are Anger r@pists. They are angry. They are abusive and use vile language. And even if the victim doesn't resist, they still become violent.

 

The r@pists of this category often kill their victims. The third type are the Sadistic r@pists. Sadism means to get pleasure in other people's physical and mental suffering. To enjoy themselves seeing others being oppressed or being tortured. Such r@pists often torture their victims over a long time.

 

But one question that will arise here is this evil desire to gain control, this anger, and sadism where do these come from? Often in discussions, it is seen that to express their anger, people say that the r@pists must be mentally ill. It is wrong to compare so because we are only stigmatising mental illness.

 

Some r@pists may have a history of mental illness but not all r@pists are mentally ill. They are simply monsters. You can call them demons, monsters, evil or anything else. But the next question you'll ask is why do some people become like this? There must be some root causes behind this. Look at this research.

 

This research was done on 269 offenders and included r@pists. Many causes were identified. The child abuse they faced in their childhood. P0rn0graphy exposure before the age of 10, physical abuse, parental violence, emotional abuse, cruelty to animals, exposure to violent movies or media in childhood, a relationship filled with anxiety or distance from parents.

 

It is important to study these causes so that we can prevent the creation of new r@pists in our society. Now, due to such reasons, a person's personality is shaped so that he has an evil desire, anger or sadism and wants to dominate. But in America, when we hear of mass shootings, there too, anger is a common factor.

 

In some people, such deep-seated anger turns into depression. So, the question arises, in the case of r@pists, their evil desire to dominate, their anger or their sadism, why is it expressed as r@pe? The answer to this is our r@pe Culture. This phrase is used all over the world to denote those mass media, societal attitudes, and traditions that trivialise or normalise r@pe.

 

For example, in the film Kambakht Ishq, Kareena Kapoor says that he can't stop her from speaking. So Akshay Kumar's character forcibly kisses her. And this was supposed to be "comedy." The same so-called comedy is also seen in the film Kabir Singh, where the lead character molests a girl holding her at a knife point.

 

Many famous stand-up comedians like Louis CK, George Carlin and Norm MacDonald have been seen making jokes about r@pe. And even in Indian stand-up comedy there's no end of vile language. Not only male but even female stand-up comedians use such vulgarity, insulting mothers and sisters, which normalises s€xual violence.

 

Even in casual conversations with friends, many people use such insults which has now become common. Some people do so in anger, some only as a joke. But doing this, normalised r@pe culture. This is called r@pe Normalisation. Where you laugh at r@pe jokes, you don't feel guilt watching r@pe videos or giving r@pe threats.

 

Psychologist Madhumita Pandey talked to 122 convicted r@pists and 65 convicted mu₹derers. She noticed a clear difference between mu₹derers and r@pists. Most mu₹derers regretted their crimes. They also realised how their actions destroyed other people's lives. But on the other hand, most r@pists had no regrets about their actions.

 

That's why we see this in our society that many r@pe accused persons are repeat offenders. Because even after they commit their first crime, they do not see it as something wrong. And the question here is, why don't they regret this? Madhumita gave them two questionnaires and their regressive views about women was clearly seen.

 

But this is not the only such research, There have been many such researches before. Susan Brown Miller said this in her 1975 book Against Our Will: Men, Women, and R@pe. That r@pe is a conscious process of intimidation. Apart from Susan, researchers like Richard Johnson, Danielle Cusmano, Rebecca Whisnant, and many other researchers reached the same findings.

 

On top of this, we come to toxic masculinity and patriarchal culture. Where, instead of a free human, a woman is seen as an inferior subhuman. There are countless restrictions on women. Don't wear this, don't go out, don't laugh out loud. A woman is often seen as an object. Ranbir Kapoor's cringe-worthy ad, "Score More With *** Blast," shows the same mentality that girls are objects.

 

Kareena Kapoor's song, "I'm a Tandoori Chicken, gulp me down with alcohol." "Impress me with only a missed call." Badshah's song, "I'm the one your mother must be warning you about." They are basically glamorising assaulters. Toxic masculinity is being stylised in movies and songs.

 

"They want a virgin wife, but like to visit Bangkok frequently. A guy surrounded by six girls is a stud. But a girl surrounded by six guys is a sl*t." And then these singers say that they have female family members at home. Their music always comes from a place of responsibility and respect. Singer Honey Singh showed outrage about this Kolkata case.

 

But what does he write in his songs? "I can't get enough of brown girls, I'm a lion, I don't graze grass." As long as women are being objectified like this, as long as this r@pe culture continues, this problem won't be solved. And talking about solutions, there are three types of problems here.

 

First, the conditions that can damage someone's personality. Second, the societal attitude due to which such people take out their urge to dominate, anger or sadism on a woman. And third, the material conditions mismanagement of which leads to such cases. To end this problem from our society, we have to work on all three fronts.

 

And everyone has to take part in this. First, the root causes need to be removed so that twisted personalities can be prevented before they are formed. The government needs to speed up women empowerment across different departments. People need to be educated. Education needs to be our number one priority.

 

We need to improve employment conditions. s€x education should be given in schools. Children should be taught about good touch and bad touch. All governments need to bring improvement in the legal processes. Second, talking about other societal attitudes, this isn't government's responsibility only, all of us need to work on this.

 

First of all, we need to eradicate these insults targeted at women. Friends, let's make a commitment today that you will never use these words or phrases ever again. Neither in your daily life, nor on social media. No matter how much you disagree with a person, or how much you hate a person, r@pe threats should not be made.

 

You should not laugh at r@pe jokes. After this, wherever you see a s€xist attitude in the society, whether it is an ad, a film, a song, a YouTube video, a comment, a stand-up act, it should be called out. We need to raise our voices against it. To make law and order strong, we need to fill the vacancies in the police.

 

The police need to be more independent from the state government so that in any such case, politics can never interfere with justice. I hope you learned something new from this video. Share this video with your friends and family so that we can spread awareness about this among all. So that all of us can work together on these solutions.

 

Reality of India's Workers!

 

Reality of India's Workers!




https://youtube.com/@uniqueinsights-k1t?si=_Yp15DEz3kd0eOiq

Hello, friends! Whether it's a 45°C hot summer day or there's water-logging outside due to heavy rains, whether there's a storm or there is too much pollution, whether it's day or night, today, in this era of convenience, we don't have to worry ourselves. Because we can remain in the comfort of our home, to order whatever we want, merely through a smartphone app.

 

But have you ever thought about those strangers who make this possible? Have you ever thought about things from their perspective? These people are called Gig Workers. According to a survey by the National Council for Applied Economic Research, on average, a gig worker works for 69.3 hours in a week in our country.

 

It's almost as if you work seven days a week, for almost 10 hours each day. Without any day-offs or Sundays. For comparison, in this survey, the other workers work an average of 56 hours per week. "Our seniors hand us the couriers, and give us all their headaches, we have to ride our bikes for 8-12 hours.

 

" The number of hours an average gig worker works for, the level of his qualification, and the little money he makes, hardly any other workers in our cities suffer as much. The amazing thing is that the qualifications of an average gig worker are better compared to other workers'. But at the same time, 75% of gig workers in our country are facing financial difficulties.

 

On average, they earn only ₹18,000 per month, even after working hard tirelessly. In today's video, friends, come let's understand this gig worker profession in depth. Friends, the word 'Gig', G-I-G, means a temporary job or a performance act. Before modern-day gig workers became popular, usually musicians and comedians used this term.

 

Because the job of these performing artists is such that they don't get a regular salary. They get paid for individual acts. If a comedian does a show in a company, it becomes a gig for him, for which he gets paid. The first time the word 'Gig' was used for a temporary paid job in 1952 when an influential author Jack Kerouac wrote an article about how he got a gig to work as a brakeman on a railroad.

 

Today, freelancing is also included in this category and in the last 10 years, in fact, in the last 4 years, after COVID, we have seen a tremendous growth in the Gig Economy. Now, the Gig Economy can be divided into two parts. One is service-based gigs and the other is knowledge-based gigs. Services are offered by low to semi-skilled workers like the delivery agents.

 

And knowledge is offered in high-skilled jobs like consultants and data scientists. Service workers are also called Blue-Collar Gig Workers and knowledge workers are also called White-Collar Gig Workers. But usually, whenever we talk about gig workers, it is the first category that is referred to. Those people who work for companies like Uber, Ola, Zomato, Swiggy, Urban Company, Porter, Zepto.

 

Their work is different from desk jobs. And those people who are delivering these digital platform services in real life. Now, theoretically, if we see, in comparison to normal jobs, there are many benefits of gig economy for the employees and employers both. What are the benefits for the employers and the companies? They can hire the employees as needed, and fire them whenever they want.

 

There is no contract with the employee. If they don't like an employee, he can be immediately removed from the job. And if they like someone, they can hire them immediately. On the other hand, the employees get flexibility. They can work when they want to. They can work for the company they want. They don't need to go to any office.

 

They can work from anywhere. If they don't like a job, they can leave it and find another one. It's even possible to work for multiple companies at the same time. Giving them an opportunity to earn extra money. On top of it, if you have a main job, you can do it as a side job to earn an extra, supplementary income.

 

There are so many benefits to it. It sounds too good to be true. So you might ask, what is the problem? The problem is that these benefits are only theoretical. In reality, practically speaking, the situation is getting bad to worse. As per NITI Aayog's 2022 report, India's booming gig and platform economy, before the COVID pandemic, had around 3 million gig workers in the country.

 

But by 2021, this number reached 7.7 million. And this sector is expected to grow so much that by 2030, this number will reach 23.5 million. The Oxford Internet Institute's Online Labour Index tells us that India's online labour market share is at 24%. This means that India is the #1 country in the world in this regard.

 

What do we learn from this? This tells us that most people in our country do not consider the gig economy for supplementary extra income but as their main job. In fact, as per Ipsos Research's 2024 survey, for 88% of gig workers in the country, gig work is their primary source of income. On the other hand, look at this number.

 

Flourish Ventures' September 2020 research, 6 months after the lockdown, 90% of gig workers said that their salaries have gone down. 47% of gig workers weren't able to manage their expenses without borrowing money. During Covid, we called them Covid Warriors, Frontline Warriors or even Lifelines. But most people came to this profession due to compulsion.

 

The Logical Indian covered the story of a gig worker named Karan Singh. Karan lived in Delhi's Paschim Vihar and was a construction worker. When construction work was stopped due to Covid, he had no source to get food, water or ration. His wife and two daughters depended on him. And the burden of running the household kept increasing.

 

Then a friend told him about gig work. And he decided to use their last savings to get a second-hand scooter on lease. And he became a delivery partner for a deliver platform. Being a frontline worker meant that he could deliver essential goods during the COVID lockdown. But soon after, it became his main profession.

 

And today, he works for a bike-taxi service platform. There are many such stories in our country, where the gig economy saved people's livelihoods. Today, these companies refer to their gig workers by different names. Some bike-taxi company, use the word Captain. Some call them Experts. But most of the companies use the word Partner.

 

Normally, when the word 'Partner' is used in a business, it means that the person will share your work, will work with you, and the profits and losses will be shared. But is this the case for gig workers? The scooter or bike that a gig worker needs to do his job, has to be bought with his own money.

 

The cost of petrol used, comes out of their pockets. Take the classic example of Uber or Ola drivers. Suppose, a taxi driver drops you off at a place and at that location, he can't find another ride. To find a ride, he might need to travel 15-20 km, to a hotspot. So, to travel those 15-20 km, the cost of the petrol used, does the company pay 50% of it? Not at all.

 

"Suppose I'm riding my bike, and that uses petrol worth ₹100, if I don't get any orders, who will pay the ₹50 of it? Will the company bear it? That's what being Partners mean." So the question is, what kind of a partnership is this? Actually, friends, the word 'Partner' is used to avoid legal problems for these companies.

 

If those companies start calling them Employees, then there will be a lot of responsibilities on those companies. They will need to provide health insurance. In case of a work-related accident it will be the company's liability. And the responsibilities of paying tax and a minimum wage. According to Oxford Internet Institute's Fair Work Research Project 2022, 11 Indian platforms were studied.

 

And not a single one of these platforms could prove that their gig workers get at least local living wage after covering all work-related costs. Centre for Labour Studies at the National Law School, Bengaluru and Montfort Social Institute conducted a joint study in which they focused on the OLA and Uber taxi drivers in Hyderabad.

 

They found something shocking. that the money a driver earns after working for a day on average 40% of that earning is spent on petrol or diesel alone. And most drivers work for 12-14 hours a day on average. Meaning, after bearing all the expenses, and considering inflation, if they can earn only a minimum wage, then these gig workers start working extra hours.

 

It is also worth noting how these companies define themselves. They call themselves Tech Aggregators, Mediators or Facilitators. They will never use the word Employer. That too will create legal problems if they become Employers and Employees. They'll have to bear many expenses, and will need to take care of their employees.

 

They don't want to get into these fuss, so they call themselves tech aggregators. These companies often claim that they have revolutionised the market by removing the middlemen. But just think about it, friends. What have they actually done is they have become the middlemen. On every ride, delivery, or service, they charge 15% to 25% commission and so have become a tech-based middleman.

 

And since we're talking about these tech companies, then it is important to know how their software and algorithms create more problems for their gig workers. But before we talk more about it, I'd like to tell you about the sponsor of this video. They'll be really useful for you. if you want to improve your website's traffic or ranking.

 

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Go to their website and simply drop your inquiry. Now let's get back to our topic. Frontline covered an interesting case of a gig worker named Ankur. He has two sons. He used to work 12-14 hours a day for at least 6 days a week. He used to work as a cleaner with Urban Company. He used to travel between Delhi and Gurgaon daily.

 

And one day, he met with an accident. Because of this, the jobs and gigs scheduled for that had to be cancelled because he had to get himself treated. And the next day, when he checked his account, he found that Urban Company had permanently blocked his account. He was shocked to see the reason behind this. When he checked, the reason was clearly written.

 

"For cancelling more than 5 jobs a month." It wasn't about 5 days, it was about only 5 jobs. Since he cancelled 5 gigs because of his accident, his account was permanently blocked. Many gig workers face this problem where because of some random reason, their account or their ID is banned by these apps.

 

There may be many reasons behind this. If someone calls the company and files a complaint against you. Or your ratings decrease on the app. Or you took some off-days. Think about it, friends. When I told you about the benefits of the gig economy, the biggest benefit for employees was that they get flexibility.

 

They can work when they want to. But if there are such rules where rejecting a certain number of jobs can get you removed or cancelled from the app, is there any flexibility? This is a form of slavery. Where you will have to work to a set extent, and if you fail to do it, you will be removed from the app and you lose your job.

 

According to this article, workers of Urban Company claim that the workers should have a minimum rating of 4.7 and the response rate should be above 70%. Moreover, not more than 5 jobs should be cancelled in a month. By avoiding being defined as an Employer, these companies are benefiting, these companies then use various ways to exploit these gig workers.

 

The same Frontline article gives us another example of how, at one point, Urban Company gave discounts to customers, by using money out of workers' payment. Last year, more than 200 dark stores run by Zomato-owned Blinkit in Delhi NCR were shut down because the 'Delivery Executives' were on strike.

 

What was the reason behind this? When the Delivery Executives signed a contract with Blinkit, the fees mentioned in the contract was ₹50 per order. But later it was reduced to ₹25 per order. And now it was reduced even further to ₹15 per order with a small distance-based fee component. A big issue here is that these gig workers have no channels to raise complaints against the company.

 

Last year, we saw a case where Blinkit's employees were beaten up in Delhi because they didn't have loose change. Look at this case from January 2023, where 23-year-old Mohammad Rizwan was attacked by the customer's dog while delivering a Swiggy order. To protect himself from the dog's attack, Rizwan fell from the third floor and lost his life.

 

The customer paid ₹500,000 as compensation for this as out-of-court settlement, but no compensation was paid by Swiggy. The company claimed that Rizwan was using his brother's account for the deliveries. So, for this accident, Swiggy bore no liability. This was a rare case but we do see many such incidents where people shout at gig workers for any delay in delivery.

 

If the workers face any issues, their only recourse is to use chatbots for help. "If platform-based gig workers have problems, in their execution of work, or in fact, even if the customers have an issue with the execution of an order, your only recourse is chatting with a bot on the platform. You're prompted with question, you have to choose between a set of answers, that the bot is providing.

 

If you are lucky to be able to cross a stage of conversation with the bot, there will be a call that will be made to you. But you don't have a toll-free number to which you can reach out and make a call. you have to wait for the call to come to you." It's quite rare for these apps, to allow them to call a human representative for help.

 

According to Fortune India, most companies have replaced human managers and are using Artificial Intelligence or algorithms, to address complaints. For a customer, these apps are well made. If you are using these apps to order something, you will have multiple ways to raise complaints, and often, you get your money back for bad orders.

 

But for these gig workers, the system isn't helpful at all. This is why we see so many strikes. In February 2023, workers of Ola, Uber, and Rapido staged a strike in Guwahati. Because their earnings were decreasing while the commission rate of the companies kept on increasing. The same month, 2,500 Ola and Uber cab drivers protested in Hyderabad regarding the high commission rates charged by these companies.

 

Two months later, in April 2023, Blinkit's rate cuts happened. But despite the strikes, the rates remained the same. Many people don't understand the rating system of these companies. People think that if an Uber or Ola driver has provided a satisfactory service, he should be given 3 or 4 stars. He will get 5 stars only when he provides you an excellent service.

 

On the other hand, people deduct stars on minor issues. Like, if a driver had some problem in finding the place, or was late, or didn't have the exact change. If you do the same, then think about it from the gig workers' perspectives. For them, falling below 4.5 stars often means losing their job. How will they run their household? So the next time you give a rating, 5 stars should be the default.

 

If there are minor problems, ignore them. Unless these workers make a big mistake. Apart from this, do thank them for their hard work and sincerity. Because they work hard despite harsh conditions, and that is truly praiseworthy. And if we want to solve these problems, the solution needs to be stricter laws.

 

Like other countries, the traditional labour laws in India do not cover gig workers. And as I said, companies can find loopholes quite easily. By not calling themselves Employers nor the gig workers Employees. It was only in 2020 that the Indian government passed a Social Security Code which included a definition of Gig Worker.

 

"A person who performs work or participates in work arrangements and earns from such activities outside of traditional employer-employee relationship." It's a loose definition. According to this Act, a gig worker will get many Social Security benefits like Life and Disability Cover, Accident Insurance, Health and Maternity benefits, and old age protection.

 

It sounds good enough, but the biggest problem is that this law has only been drafted. It hasn't been operationalised yet. Secondly, this law has a different definition of Gig Workers Platform workers, and Unorganised Workers. Platform workers are those who work outside the traditional employer-employee relationship.

 

but they access organisations or individuals through an online platform and provide services for payment. An Uber or Ola driver can technically be called a Gig Worker as well as a Platform Worker. Because there is so much overlap in these definitions, it remains unclear how these schemes will apply to these workers.

 

So, on one hand, where they are waiting for the Central Government to implement its Social Security Code, on the other hand, some state governments have started taking initiative to protect the rights of gig workers. Rajasthan government was the first to do so in 2023 before their state elections. The Rajasthan Platform Based Gig Workers (Registration and Welfare) Act.

 

This Bill contains five main things. First, gig workers should be registered with the state government. Second, have access to social security schemes. Third, they should have a grievance redressal mechanism. Fourth, Welfare Boards be established and funded. For which the state government gave ₹2 billion. And fifth, there should be penalties for non-compliance by companies.

 

The extra funds required to implement these, would come out of an additional cess of 1%-2% of the total bill, on every platform-based transaction. And because everything is carried out digitally, everyone will know exactly how did the work done by a worker, contributed to that fund. The Social Security benefits proposed to be given to the workers include accident, health insurance, maternity, gratuity, pension, EPF, ESIC, and even scholarships.

 

It sounds really good. But how well is this law being implemented in Rajasthan? The relevant information isn't available online. Only those people can tell us this who are working in Rajasthan as gig workers. If you are one of such people, tell us more about this in the comments below. After Rajasthan, since Congress is in power in Karnataka too, a similar law has been proposed there a few weeks ago.

 

The Karnataka Platform Based Gig Workers Social Security and Welfare Bill, 2024. And do you know what's interesting here? These companies have already started protesting against this bill. National Association of Software and Service Companies have claimed that the bill will harm the aggregators' business.

 

Allegedly, this bill provides for a minimum notice period for terminations. Algorithmic disclosures are also being discussed. It wants to monitor and track different mechanisms. So some companies say that it will have a negative impact on their platforms and they won't be able to operate properly in the state.

 

Think about it, these companies have a problem with giving minimum notice period to gig workers. The problems I listed in this video, other countries are also facing the same problems. And the solutions I talked about, these solutions have already been implemented abroad. The gig workers in Thailand and Malaysia get health and accident insurance which is financed by a similar 2% Cess on every ride.

 

In America, the National Labour Relations Board has encouraged Uber and Lyft drivers and other gig workers to be organised and form labour unions. The UK and the Netherlands have recognised that gig workers have been misclassified. They are taking steps to reclassify them as employees. In December 2023, the European Union passed a Platform Workers Directive.

 

According to this, all gig workers in European countries will be given rights and protections. Those who have been misclassified as being self-employed or a freelancer will be assumed to be regular employees. To do this, they created 5 criteria. There are five different criteria. If 2 of these criteria are satisfied, then a gig worker will be considered an employee.

 

And the burden of proof is placed on these companies in relation to all gig workers working with the company, it is the company's responsibility to prove that these 5 criteria are not being satisfied. Now that this video is already so long, I won't go into the legal and technical details. Let's leave that to the lawyers and the experts who are working to fight for the rights of gig workers.

 

Kunal Kamra has made an excellent documentary explaining this problem in detail. I will put the link to this documentary in the description below. Many clips used in this video were taken from this documentary. And finally, what can you and I do? Just as you open the door to your house to receive your orders, please, open the door to your hearts.

 

The journey between Order Placed and Your Order Has Arrived try to visualise it. By default, if the transaction was satisfactory, then give them a 5-star rating always. And if there is a problem with your order, then remember that it is much better for you to complain as compared to telling the person delivering it.

 

 

Monday, August 12, 2024

DON'T Make THESE Financial MISTAKES in your 20s!

 

DON'T Make THESE Financial MISTAKES in your 20s!

 

Not Keeping Track of Your Money:

  • Advice: Start monitoring your expenses meticulously. Use apps, Excel sheets, or even a simple notebook to record every expense. Knowing where your money goes is the first step toward financial control.

2. Not Budgeting:

  • Advice: Adopt the 50/30/20 rule:
    • 50% of income for needs (rent, groceries, bills).
    • 30% for wants (dining out, vacations).
    • 20% for savings and investments.
  • Importance: Without a budget, it’s easy to overspend, leaving you with little to save.

3. Taking On Too Much Debt:

  • Advice: Avoid unnecessary loans. Stick to essential loans like education or a home. Credit is easy to get, but high-interest rates can lead to a debt spiral.
  • Personal Insight: Learn from family experiences, and be cautious with credit cards and personal loans.

4. Delaying Investments:

  • Advice: Start investing early, even small amounts. Delaying can cost you valuable compounding years.

5. Ignoring Insurance:

  • Advice: Purchase term insurance in your 20s to lock in low premiums. Don’t mix insurance with investment; they serve different purposes.
  • Family Consideration: Ensure your parents have health insurance, as they are more likely to need it.

6. No Emergency Fund:

  • Advice: Save at least six months of living expenses in an easily accessible emergency fund. This will protect you from unexpected financial shocks.

7. Over-Reliance on Employer’s Health Insurance:

  • Advice: Get personal health insurance for you and your parents, as job-based insurance ends when you leave the company.

8. Taking Loans to Invest:

  • Advice: Never take out a loan to invest in volatile assets like stocks or forex. The returns are unpredictable, but the loan interest is fixed.

9. Falling for Get-Rich-Quick Schemes:

  • Advice: Be wary of schemes promising high returns with little effort. If it sounds too good to be true, it probably is.

10. Trading Without Knowledge:

  • Advice: Avoid day trading or speculative investments unless you’re well-educated and experienced. Most traders lose money, so don’t gamble with what you can’t afford to lose.

11. Not Cutting Losses:

  • Advice: If an investment is losing money, don’t throw more money at it hoping to recover. Learn to accept losses and move on.

12. Investing While Carrying High-Interest Debt:

  • Advice: Pay off expensive debts (like credit card loans) before investing. The interest saved on debt is often greater than the returns you’ll make from investments.

13. Buying a House Too Early:

  • Advice: Don’t rush into buying a house in your 20s. Renting might be more flexible and less financially burdensome while your life and career are still evolving.

14. Investing in High-Risk Assets for Short Terms:

  • Advice: Long-term investment reduces risk. If you invest in high-risk assets like small-cap stocks, be prepared for potential losses, especially in the short term.

15. Overdependence on Family:

  • Advice: Take control of your finances, even if your family is helping. Learn about managing money, investing, and tax planning yourself to ensure you're making informed decisions.

 

 

 

I hope you are doing well I am writing this with great hope of getting suggestions from you This email came to me last week and this email absolutely shook me We have been doing Money Matters for the last three months There are 12 episodes For those 12 episodes, if not anything else, we have at least read the forms of the people who want to come on Money Matters and then through their story, we try to understand whose story we can help the most.

You will find which story is what, what can you learn, what can you know and some are really very scary like this email was My salary is not too high and I have a debt or loan of Rs 25 lakh borrowed from family for marriage. My sister 's recent credit card loan of Rs. 12 lakh is outstanding. Personal loan is of Rs. 1 lakh whose monthly EMI is Rs. 66000.

I also have a home loan pending position for which I pay EMI of Rs. 0000. Household Expenses & Everything else come later, I don't know how to repay this loan, especially my credit card bills. My salary is Rs. 1300 per month. My brother gives me Rs. 000 per month. I also take my mother's pension of Rs.

0000 per month on an average. 00 Hajj I meet and even then I don't understand what should I do with this person. Even if I want to help this person in my 20s, I don't even know where to start. I will probably help this person with all his might. Every person will come out of this at some point or the other, but how did they reach this point? How did they reach this point? That is what this video is about. These 20 in your 20s.

Never make mistakes with money. Number one note. Keeping Track of Your Money In Money Matters, first of all we ask people, do you know where your money goes? Do you know how much money you get? And it is shocking how many people do not know. The idea is not big, everyone knows the story, everyone knows where the money goes, how much is going on rent, electricity, how much is going on travel, how much is going on food, how much is going on clothes, how much is going on subscription, how much is on house. They are

sending how much money is being spent on the party, how much money is being spent on it all together, you know what the biggest reaction is when I take an excel sheet and add up each of their income and expenses, I tell them that your ₹ You have an income of Rs 1 and your expenses are Rs 80 so you should save Rs 0 per month and they are like you are not saving.

You are writing on an excel sheet that we should save. We have no idea where our money goes. First and foremost. Do n't keep track of where your money goes. Start downloading a money management app. Start an excel sheet. Make a notebook. I have spent two or three rupees on even the smallest samosas in my entire life.

In those days, that was so much. I used to record every single thing, even the biggest expenses, and that's how I got a grip of where my money goes every month. If you find out, then not budgeting is a big mistake. What does it mean that your Out of the Rs. 00 or whatever amount of rupees you generate or generate your income, how much percentage will you spend on your needs, how much will you spend on your desires, how much will you keep aside and start investing, there should be a budget for this because if there is no budget. If it does

n't happen then the money will be wasted and if it is wasted then there will never be an account, so the 50 30 20 rule about which I talk a lot is the basic budgeting rule that 50 % should go towards our needs, your rent is done, food and drink. 30 rupees have been spent but towards your wishes because life has to be lived and have fun, that's why we are earning money, what will we do after earning crores of rupees in old age, when we have no teeth, no legs, we still have life to live, then 30 rupees But you spend on those things

which you want to do, take the phone, go on vacation, party, whatever, but within that 30 years and then in 20 years, you will invest and what will this investment be for? Those are the big money decisions of your life. Your house's down payment is done, your children's marriage is done, your own marriage is done, your own education is done, you will start saving and investing for anything that is going to be a big expense.

Number three is on additional loan. The problem of staying in debt these days is that credit has become very easy. I remember there was a point where personal loan was the only loan that you could get without mortgaging anything but to get that personal loan, You had to fight so much to get your salary slip, ITR of 3 years, what is this so and so, download the app, got that Rs.

000, got that Rs. 000, you don't even have to do anything, it is easy to get that loan but at what rate of interest? What are you using it for? And God forbid, if you are unable to repay that loan then what will happen in your life. Do you know what happens to all these money? First of all it is your phone book.

Let's read these which give very easily, isn't this a trap, so they will take interest of 30, 35, 40, but if even one of your EMIs defaults, then it will go to your family, to your office colleague, to your boss. You will go to the bank and start telling them that you have taken a loan and you are not repaying that loan. Your photos will get morphed and start going on the internet.

You have no idea to what extent you can stoop to take your money. That's why this easy credit and easy loan does not mean that keep taking, please take as few loans as you can in life and this is coming from a person who has learned what happens due to taking loan in the family. You have seen it in front of your eyes, please do not take two loans in your life, one for education and one for a house.

Apart from these two loans, if you have to take any other loan, then take it only after thinking 100 times. Number four is to delay your investment, so many. We meet people, read the applications of so many people and why don't they invest, we are not able to save much, we want that when a little money increases, when a little money starts coming in, when a little You will start investing only when regularity comes.

Friends, till then a lot of time will pass. You have to start investing today by giving ₹ 5000000. Ignore the big number five insurance, especially those people whose parents have retired. The entire income is yours. You are the one handling the household expenses. If something bad happens to your life, then what will happen to the family? What will happen to the remaining debts? Insurance is not a tax saving product, friend, it is a means of saving life.

If your life If something happens to you or your income stops because you have become critically ill or severely disabled, then who will take care of your family? This is why insurance is important. So I say that at the age of 25 to 30 years, life Buying insurance is a very good decision.

You are still very young so you will get very good insurance cover at a very low premium and you will lock that premium for the rest of your term which is the smart thing to do as soon as you turn 30 the premium increases. Turns 35, premium increases and then it becomes a number six. Seeing insurance as an investment is a big mistake.

The job of insurance is only to insure your life. Don't see it as an investment, which is ULIP. These are guaranteed return plans. All these plans look good but give less with really really poor returns. What you should ideally do is take term insurance in insurance which will give you the maximum cover for the lowest premium possible and a separate investment product.

Create it Could be a Mutual Fund It could be an ELSS Equity Linked Savings Scheme It could be even NPS Provident Fund Anything else but it will be poorly An investment product Insurance Different investment Different number seven Ignore an emergency fund I talk to so many people I read their application and there is no emergency fund.

There are a lot of expenses being invested. The job has stopped and now there is no emergency fund to handle those expenses. ₹ 5 lakhs are lying in the bank and are invested in mutual funds. Where is this thinking, friend, where is this understanding, it is very important to create an emergency fund, you should have at least 6 months of expenses at any time and those expenses are only the expenses of the needs, which is your rent, your EMI, your food and drink.

Expenses are your monthly expenses by adding all those things. Multiply it by six. You should always have that much money in the bank. Get an FD for it or just keep it in the bank. It does n't matter. Don't let it grow. Protect it. Because God is bad, if there is any emergency in your life, then you can use that money.

Number eight company has given health insurance, only I am covered in it, parents are not covered and we do not even think in our mind. This is the only health insurance. Yes, go ahead, no. Don't think. First of all, are the parents covered or not? They are the ones who need health insurance the most.

You are young, the probability of hospitalization for you is very, very low. Mother- Father is getting old, he will probably need more. Health insurance should be number one. Number two is health insurance. If you have corporate health insurance, then the day you leave the job, that health insurance will end and then you will start all over again.

PD Pre-existing disease: This is the biggest clause of the insurance that if your parents or maybe you have any pre- existing disease, then the insurance company says that from the day you take the insurance, we will not cover that disease because it is Even before taking insurance, we had to cover this disease only after a few years or after some time.

Now the waiting time for PD starts from zero whenever you take a new insurance, if you change the job. Who is 20 years old, is changing job every 6 months, every year, your insurance is again zero, again means PD waiting time, again means no bonus, you get no claim bonus, you have to have your own personal health. Insurance as well as for your mother.

Always take 100% health insurance for your parents. It should be outside of your corporate health insurance number. No, this is very terrible. I meet so many people who say that we do not invest. We trade, we fund, we take a loan, I lose my mind, first of all, you are investing in an asset with an unpredictable return, be it stock market, Forex, day trading, even long term investing, all of them.

Are Variable Return Assets? This means you cannot predict these returns at any point. You cannot say that this will give at 7, this will give at 12, it will average come out to that but there is no prediction of the loan rate. The return is fixed, you cannot bring two in it, you will have to pay as much as they are asking for, now which loan will be that too, mostly it is not personal, at 13, at 14, it means after deducting tax, your investment will be as much as the return you will earn. It will be made at least at 13 14, only then

you will earn money in it, it means after adding tax, you will have to put the return beyond that at 15 16 17. This is to break even, meaning you are giving the same amount of money you are earning to the bank from which you took the loan. What has happened is that if you really want to earn more on this then you will have to generate a return of 20%.

Do you know how difficult it is to generate a return of 20%? This is what you have been saying with addiction in the last one or two years. Hey, we are rock stars. So, we are sitting at Rs 30, we are sitting at Rs 40, all this is going to be removed over a long period of time.

It is very, very difficult to get returns at Rs 20 with such consistency and it is very good, so for you to take a loan off. 13% that we will generate returns at 20% and that too predictably Stupid Don't ever ever take a loan to invest in something that is unpayable Number 10 Schemes to get rich overnight There are many such schemes that you put in some chit fund or some Put it in a timber plantation, put it in a fixed deposit somewhere, there is some scheme going on where you will get Rs 100, Rs 200, Rs 400 and you are like yes bro, this is very right, we will put the money here, there is no free lunch in life. There is

no free money anywhere. If you are getting money very easily, that money will also go away and will go away. The Number of People Caught in These Get Rich Schemes It is Unbelievable Because Greed is a Real Thing and 20 When we are too impatient, greed overtakes us. Don't fall into this trap. What is the best way to earn money? Earning money slowly does not mean that you are killing yourself, it means that It does not mean that you are not enjoying life, it means that you are making your life beautifully secure by taking very less risk

and you are also becoming financially independent without understanding how this happens, everyone is addicted these days. It's like playing a video game Buy here Sell here Buy here Sell here Buy here Market opens at 9:1 You're on the screen Market closes at 3:30 You're squaring off your losses or your gains It's insane How bad the situation is This is because you cannot earn money in this thing without thinking.

I am not saying that Kaman who is the founder of Jaroda is India 's number one or number two depending on how you look at it. It is a brokerage account, so clearly sit on it. Lot of data on 82 on 82 on 82 on all traders have a loss every year 82 This is their data boll it means on an average you will be in loss in fact you will have to be a very rock star to be in that 18 but such great people who earn money There are a lot of people sitting around, I am not saying that you can't do it, don't do it without

knowing, without learning, without understanding, don't do it because you think you understand, you will make money overnight, so do it because. You're doing it with your own money because you've been doing it for years, you're doing it because you really understand how it works and you're able to bear the loss if it were to happen to someone else, not yourself.

So that you understand and we risk hours number 12 That's why do n't cut your losses What does it mean by cutting your losses For example, you have invested 00, the money is lost, you incur losses. You are now at a loss of $00. To recover that loss of $00 you do not trade any more stupidly and do not gamble and do not invest.

I am trying to recover from the loss by doing the same thing that caused you. Loss You are trying to recover your loss by doing the same thing which caused your loss. Where is the wisdom? Don't do it when the next reason is your loss. Stop, stop, stop loss. You know in trading.

What happens is that there is very little in the deliveries that if you buy a stock with the expectation that its price will increase, if for what ever reason that event starts, then after a point you will sell by stopping or cutting your loss, then you will have 00 You bought a stock of Rs. 101 or Rs. 102 but it became Rs. 99 or Rs. 99.5.

You said, if it falls to Rs. 98, I should sell it and leave, there will be a loss of Rs. I will cover my loss. And don't want to increase that is stop loss and it is extremely important that you always use all your money with the same approach. Number 13, this is a very surprising thing, a lot is happening in money matters, your loans are running expensive, expensive loans are personal.

There is loan, there is credit card loan, this is all and you still invest. The anchor had told me that if I have to invest in every mutual fund, if I want to do SIP, then my SIP is going on but my credit card loan is also going on, this is my personal loan also. I am going on this so and so loan, also go on brother, that loan is expensive, I have already paid it, the rate of interest is the single biggest determinant, do some comparison between how much money you are giving to someone and how much money you are earning, like I did.

In the market, if you go to the stock market and they also go most aggressively, if you earn over long term at 18 to 20, then you are God and that loan to which you are giving at 30, 35, that credit card beyond which you earn at 40. But the money you are paying is so expensive that whatever money you are putting in to earn the 20, it should go towards repaying that loan.

Friend, that is the way that you have to think about things. Whatever money you are earning, it should go towards repaying that loan. Whatever amount you are saving, if you have a loan and that loan is expensive and expensive will be anything that judges a rate of interest of greater than 10, I say maximum 12, please repay that which is the most expensive loan in terms of rate.

Of Interest, Pay That Off First That Should Be The Way To Get Rid Of Your Loans There Is No Use That You Are Invested And Your Loans Are Still On Your Head Become Loan Free Definitely Loan Free From Expensive Loans And Then Start Your Investing Journey Start number 14 is a big buying a house too early in our 20's under the pressure of parents under the pressure of society and do n't know for what reason we buy a house and we buy the house but then as I told in the email that ₹1 A monthly salary of Rs 30000 0000 is not less but they are buying a house of which they have not even got the possession and are paying Rs

0000 for it. It makes me bleed when I see this and many people beat me up. Physically, not verbally, that hey Ankur, look, you have bought a house. People are being told not to buy a house. Brother, use your brain a little, I am saying that don't buy a house in your 20s or early 30s, then our stress is still less.

Why do you want to take that much commitment for 20-2 years? You are mobile, you work in this city today, live in this colony, why do you want to forcefully get stuck in it, your life is still being built, you want to go to another city, you want to go to another city. You want to live in a colony, you want to live in a big house, all of them should be flexible, then the day they decide that yes, we will live in this city and now we will live in this colony for the whole life or at least for 1015 years, this

is the size and we will become a family. Children have arrived, parents are also together, so you need such a big house. Keeping all these things in mind, when you decide the house, your income will support you. You must have arranged a huge down payment amount by investing. Then go and buy a house, friend, then it is the right thing, before that, live on rent.

Rent is cheap in this country, you think it is very expensive, but what is the value of the house you are living in and the rent you are paying, if you buy the same house. If you go, you will have to pay 50 times 70 times the amount on rent. Why do you want to make such a big commitment so early in your life? Please buy a house. Every person should buy a house.

Do n't be in a hurry. Number 15: Investing in high risk assets. Short term stocks. The market is a very interesting place. It seems that there is a lot of risk here but the best way to manage this risk is that if you invest for a year then what is the guarantee that you will earn Rs.

5050 which is a coin toss then a lot. It is risky. If you invest for 3 years, what is the guarantee that you will earn profitable returns or earn positive returns? But if you invest for 5 years, what is the guarantee that you will earn profitable or positive returns? Near 100% Now the market has remained the same, the market has not changed, but what you have done is you have increased the time, the more you stay invested for time, the more the risk will be, it will inherently reduce, but if you are very risky for a short period. If you

invest in assets then it can go anywhere, so nowadays everyone is talking about small cap, small cap, small cap, small cap, many people are saying that this small cap is heated and in my view also it is in the next one or two years. Will there be a correction, maybe it may come, so if you want to stay invested for the next one or two years and are putting all your money in small caps, then that is foolishness.

If you also want to stay in the stock market, then put it in less risky assets. If you invest in small cap, it is so risky that in a year or two your money can change from 40 to 50, it can decrease and maybe even increase, but are you ready to take the same gamble or are you after growth? So, they are running away but ignoring the risk.

And that is a big mistake that people make in their 20s. Number 16. Be over dependent on their family for everything, not just money. So, in their 20s, they are not earning but mom and dad are paying the expenses. So we are living or in words, you have started earning but all your money is being managed by your parents, they are investing for you, they are doing tax planning for you and they are doing it as per their own.

They are right because they are so clued in today's world. No, you don't know, maybe they are doing FD, they are doing RD, they are putting the same in the provident fund, stocks are running away from the stock market for them. The market is a speculative market where people lose their money and ruin their lives.

And all of these could be things which were right for their times, so their way of investing is different. Your way of investing should be different but as much depends on the family. You will remain dependent on them and will not take decisions without listening to them or understanding them on your own.

You will continue to earn their rate of return by being dependent on them. Do n't complain that nothing has happened here, it is only at 7 and here my friend who I was doing it myself, it was 15, 16, but number 17 is also very interesting, too much diversification, a blind diversification, ask people, they invest in mutual funds, yes, it is very good, how many SIPs are there, 13 SIPs are going on, 13 brother, I don't even know.

Are there so many SIPs or are there so many mutual funds? 13 Why are you sitting with 15? Why are you going on? What is going on? Do you understand that mutual funds ultimately invest in companies and if you are sitting with 15 mutual funds then it is very clear that 15 are there. You might be investing in the same 15 stocks that others are doing.

The overlap has become so much that you are unnecessarily paying people to do the same thing that someone else is doing. According to me, three major funds are enough. There is a large cap, a mid cap or a flexi cap and a small cap. Their percentage should not be 1/3 13 1/3. It should be based on what is your risk appetite so if you are very risk averse that you want to pull safely.

And you want predictable then large cap should be at least 60 70 small cap maximum should be at 5 10 if you are ready to take a little risk then small cap can be at 20 large cap can go up to 40 % u Play around with your income but according to me these three mutual funds are enough.

If you want to take the best then take one or two more which will be sector specific. Have you put more in energy, put in infra, put in pharma. etc. 13 There is no need to take 15 There is no need to take Too much diversification does not give much return It is something that you have to because of that No. 18 Being so conservative that you do not even enter the stock market No gee that mummy sin ne It was told that in my childhood, as soon as I was born, there was an FD in my name, so now I will live on the same principal throughout my life, I will only do FD, I will only invest in provident fund, I will

only invest in NPS, I will buy gold, if I have a big desire to buy a house. The day you get some money, you will buy a house, but before that, don't study. Look at the conservative approach, there is no problem, I am not saying beyond this that it is common wrong, I am saying that if because of this approach, you feel sad that your Money does not increase very fast, that is wrong.

If you have taken the decision in life that you want to walk in this way and you understand then you should also know where you can reach by following that way or that path. It is not possible that I walk on this good path, but I want that expensive car, I want those expensive clothes, but my path is such that it is not possible, it is not possible, that is other, that is different, so if you are ready to take the risk.

You can get returns but if you do not take risk then you will not be able to show greed or desire for the things that you get from higher returns in life. That is not how life is, so please my opinion will be this, do not be too conservative. 20 You can actually take risk not because you are young, but because you have time, if your investment does not work out or the market sinks, the economy something happens, you have time to recover, the same thing happens to a 50 year old person.

Can't say because their income is going to stop within 10 years, so if something bad happens within 10 years, they will face a lot of losses post late retirement, but if you are in your 20s, even if something happens, you will recover within 10 years. 20 more years and you can easily get to the point where you will be absolutely secure that is the beauty of entering early and not being too cons 19 Expenses Co Under Estimator This often happens when I am talking to the student and the student is like Yes, when we start a job, the

rent will be around Rs 45000, we will buy food for Rs 000, travel will cost Rs 000, party expenses will cost Rs 000 and I don't have any expenses and everything will be done in Rs 7000. And if Then if I get a job worth Rs. 0000 then I will invest Rs. 0000 per month. Either you are very cute or very naive or you have no idea what happens in the real world.

You cannot under estimate expenses. You have to have a good idea. What are your expenses You need to also have an idea What are your expenses going to be in future What are your short term long term financial goals and also expenses You want to study further Want to buy a house for your parents Want to buy a house for yourself Want to buy a house Want to marry yourself with your own money Children should be educated This should be something for children Have to go on a vacation somewhere Have to buy a car What ever two things are you need to have

a sense of What Does It Cost You to Do That Today What Will It Cost You When You Do It Tomorrow and How Do You Plan for It This is what we call financial adulting when you grow up and stand on your own feet with your own money. Ready to Take Responsibility for Yourself That's What I'd Expect and Number Just This Goes Back to the Email If You Really Close Your Eyes and Listen to the Email Again You'll Get the Sense of It's All Over Everything's All Over The Worst Thing You Can Do for Your Financial Well-Being in Your 20s

I started earning after business school MBA. I started my education loan with a loan of lakhs, the loan from my father's business and that was my start and at that point, if I had given up hope, if I had said that after so much hard work, I have achieved so much. After getting a good job, I want to start my life with this loan of 35 lakhs.

I said, what can I do and never made it even past one day but the optimum was hope that it will happen, it will take time but it will happen gradually, it will happen. It took 12 years, it took 12 years to repay all the loans but it has been paid and you are at this point, there is no loan here, good money, good life, family and every person for whom we worked so hard is healthy and best time.

Be living my life that way Yes, would life have been very different if there had not been a loan of 35 years, there would not have been a loan of Rs 35 lakh, if you had invested with good money from the beginning, yes, maybe it would have happened, maybe not, no, but if that was in life.

Don't run away from what is happening to you, especially when you have to take responsibility for that thing. You also need to have hope and know that it may take time but no difficult time lasts forever, never have this hope. With the hope that you will not make these mistakes in your life, with the hope that you will never give up on hope, this is my new book that Money has become the best seller of India by sending 1 lakh copies within a month, you can order it.