Why your SAVINGS are DISAPPEARING?! 

Money should be the goal of your life. Increase your bank account, not your ego. In this video, we will have a very interesting conversation. We will talk about four reasons where people often say that you should show less than what you have. Spend less than you have Live within less than you have Why does that actually work and how do you get to that First of all let's know about a very interesting concept, its name is Hedonic Trade Mill Jim's most interesting The machine looks like a treadmill to me.

Pretend you are running on a treadmill. Imagine running at a speed of five kilometers per hour. What happened to brisk walking? Then you do n't do it, so now you are running. Then you do it at 12 kilometers per hour. Run very fast. You are sweating, your heart is beating fast, but you know the biggest thing about the treadmill. You are standing exactly where you are.

You are not moving even an inch here and there. That is what the Hedonic Treadmill is: Hedonic. Treadmill says that whenever we achieve something in life, be it that new phone, that new car, that new clothes, after achieving it intentionally, we start thinking about the next thing, then we are running fast on the treadmill.

We are collecting a lot of money, we are spending it, we are sweating, our heart is beating faster, we are breathing, we are shivering, but we are still the same, you are not moving ahead in this way, it is the cycle of permanent dissatisfaction. Just think about having so much money. Despite this, why are so many people not happy because they have become victims of this trade? Share this data: At 40, people feel pressured because of social media that they have to spend money to be happy, spend money to be happy but that pressure

comes. At 72, millennials are stressed out about their money. At 62, millennials are stressed out about their money. At 62, millennials are stressed out about investing. They don't know where to spend their money, or even if they know, they are n't able to do anything about it. Let's see what can happen.

We will have to get off the number one treadmill. And what does it mean to get off the treadmill? It is not necessary to compete with every single thing. It is not necessary to compete with every single person. Every person's money should be taken care of. It is not necessary to compare with money. If you do, you will get stuck in the quagmire.

But you can also look back and see that I am comparing this person's work with my whole life. I earn ₹ lakh, he earns ₹ lakh and I say that that person is happy in life because he is earning twice as much as me but I have no idea what is going on in his life, I have no idea whether there is tension in his family or not.

I have no idea whether he has a girlfriend or boyfriend or not. I have no idea whether his relationship with his parents is good or not. I have no idea whether his siblings love him or not. I have no idea whether he has any friends in his life or not. I have no idea whether he has any disease. I have no idea whether anyone in his family has any disease.

I have no idea about that person's life. Regarding this, just by looking at his 12 lakhs and comparing it with my 6 lakhs, I understand that his life is better than mine, no, there are many things which make a life complete, money is a very small one of them. It is important but it is a very small part. If you look at someone's expensive phone and look at your cheap phone, then do not think that his life is better than yours, think that he did whatever he could with it, he did what he could with you and you did it. Is your life

better than your past life or not? Compare yourself with yourself, who you are today and who you were yesterday. Is that person better than yesterday or not? I remember a very beautiful story to show this. There is a very famous book called Catch 22. One day its author and one of his friends go to a party.

You can imagine a very rich friend's party. You can imagine rich people, fancy food, fancy songs, dancing, all this. The author's friend says that you know, bro. This friend who is throwing the party earns in a month as much as he has earned by writing this best selling book in his entire life, then he calls himself an author but I have something which he does not have, so your friends get a little surprised.

What can be there that cannot be possessed by that person? Looking at that person, he is dancing in lakhs and crores. What is this? Then they say, I have enough. I know that whatever I have is enough for my needs. I know that whatever I have is enough for my desires and the day you realize that whatever you have, including your relationships in life, your money, and your success, is enough.

On that day you become the richest person in the world. Instead of owning two things, learn to experience things. We take a very important decision in life to choose our life partner and your life partner will impact three things in your life. Your emotional state, your physical state and your financial state. Emotional and physical state.

We get to know very quickly in the relationship how we are attracted to them, how do they take care of our emotions and vice versa. Financial state gets known very quickly. It comes to light only after a while and again it is a lucky draw that if you choose a person as your life partner who looks at money from the same perspective as you do or better yet, looks at money from a better perspective.

The more you see, the more you have lucked out. I am a huge recipient of that gamble. Wife is my business partner. She has had a fantastic disciplined relationship with money. He started investing at a very young age. He had a very interesting approach. Think, he started earning at the age of 22 and said that if I don't save anything in the first year, if I spend everything, then I will have good food, good drinks, give good rides to my parents, all that and then from the next year we will start investing.

So at the age of 23 he started investing and he is investing and he is investing and it is not funny how many times his investment has saved us. I remember at the age of 30 we both are of the same age. We had to spend a lot of money, there were a lot of loans to repay them, we liquidated all the mutual funds.

At the age of 40, when we paid off our home loan in full and liquidated all the mutual funds within one and a half to two years, we had an investment corpus of Rs 8085 lakhs. I am back again She has this uncanny ability to just be super focused and be like here Money continues to invest so as a family Our view of money is very tight No disputes, no disagreements And one thing that we generally believe in is That we don't have to buy things, we don't have to own things, we have to experience, so we do n't have any car, we have rented, there is only one house where we live, there is no other real estate investment, there are

no hobbies of big things. No bag No expensive watch No expensive wallet No expensive sunglasses Nothing Basic Needs We spend our food expenses on very good food We eat organic We produce our own food on a farm we rent We try and eat very healthy food and minimal and most of our money is spent on travel. We travel for about 100-120 days in a year.

We take a lot of holidays, big and small, and a lot of our money is spent on travel. We feel that it is the best education for our children, it is a great experience for us and the best use of our money. Now this travel is not visible to anyone. When a person meets me, my travel is not visible on my face.

It may be printed but every person sees what the world sees, the world sees that car, the world sees that phone, the world sees that watch, the world sees that clothes, the world sees that brand, the world sees that house. The world can see that business class flight, all the things that we want to show are visible to the world, but what is within you, what is inside you, what takes you forward, is not visible to the world, but that is the biggest wealth.

What you don't see is real wealth and you see it simply. Now due to this, all our expenses are budgeted, everything is budgeted, how much will be spent on electricity, how much petrol on water, how much petrol, there are two items in which we do not have any budget, one is books, we are two history books.

Keep buying, for the children, for myself, for the people, only books, no budget, no budget for learning anything else, I am learning a lot of things, there is no budget, there is no budget for fitness, interest is learning a lot of things, someone There is no budget, there is a children's library, there is no budget, spend as much money as you can on this because it is not visible, it only fits here.

Number three, reduce the expenditure on your desires to near zero for some time so that in the future Go and spend it well. We experienced this in absolute practical sense in life. When Covid came in 2020, everyone's expenses reduced but that time was very difficult for us too because our income had also stopped. I resigned from my previous startup.

There was no income, there was an income from corporate talks, that too stopped because when Covid came, we had to find a source of income very soon, but because we were a little shaken by that shock, we were beyond what we needed. We used to spend on desires, we reduced them to zero and whatever money we earned for the next two years was either spent on needs or all of it was invested.

The investment was at a huge level, so as of today, the investment corpus of our company is quite good. Around Rs 13 crore and whatever our rate of return is, it is on an average around 15 to 18, which means every year we are earning around Rs 2 crore in return, out of which we are earning almost half of it on our travel expenses and that is how.

We Are Funding Our Desires So see, you stopped your desires for some time, put all that money towards investment and when that investment corpus reached a good size, you fulfilled your desires with its returns and you don't. Have to spend any extra money in making it happen. Remember a conversation I was having with my team member.

I don't share a little about my life on my stories, but on where we are going. What are you doing and finally tell me what do you like about it and what don't you like about it, I like it, I want to show people how money can be used well, to experience. We recently went to Japan.

We went on a truck with the team and we spent really nice happy money in experiencing a different culture experiencing a different way of living experiencing a very different journey but I feel very uncomfortable if even a little bit I feel like it's a show off. That's why by design you will never see that there will be any photo of me sitting in the lounge in business class light, clicking in a five star hotel, showing myself that look how much money is there etc.

etc. at any time. It will never be seen which hotel we are staying in, it will never be seen which flight we have taken, it will never be seen how many expensive things we are doing, just experience like a normal person and not as normal of course. I am calling myself normal with privilege, but the fact is that if we go to Japan, many people ask me what is the budget to do all these things, I say friend, don't ask this because every person's budget is different.

Every person's age is different. Every person's scope of giving is different. What you have to ask is that tell us the essence of all this so that we can experience the same things from our perspective in our budget. But don't ask for a budget because my budget. Will Be Different From And I'm Too Embarrassed To Give You I Don't Want To Tell How Much Money We Spend In Making So Many People See This Experience They Don't See The Money Spent And Then The Fourth Most Important Thing Is Hedonic Treadmill The best outcome to come out of this is

that your life is in your control. Your life is in your control. I give you an example. At the point when you have money, you suddenly become more confident, you suddenly are able to take more risks, you suddenly feel. That you can take many such decisions which you could not take earlier and the exact opposite is also true when you do not have money, you neither feel low nor confident, you are going to doubt yourself, I said with Rajumani.

I did a podcast and it said the same thing, when there is no money then you become very insecure, now you lose your confidence. I am an educated, confident person who speaks good English. There is something in me from top to bottom. It is not wrong, but when I went to a restaurant, I was not able to order properly because I was afraid that if he gave me an expensive item, then how would I tell the person in front of me to remove it, so this is a very small example.

Get it but everywhere I am I feel that the person in front of me is more successful than me or has more money. How do I talk to him? I am insecure in myself and this is true. This is true for every person so one you stop to. Impress people with your money, see how much money I have, this bus, car, luxury, luxury and you give money towards building your financial security.

If you have your life in your hands, then don't have to do a job, don't have to do it, where you have to do it, when you have to do it. For how much time do you have to do it? How much money do you have to pay? I am not talking about retirement. Retirement is a foregone thing. No one retires in life but do you work because you have to and do you work because you want to.

What to do? Is it your need or your desire to work? I want every person in this world to work as per their own will. They do it out of their own will and only then they will work at the right place, do the right work, work with the right people. Will work with money and will be far here, but the person who was busy in showing the world, wasted all the money there and here he is trapped in his job under loan and cannot leave because he is drowned in debt, he cannot leave.

Because the EMI does not leave them, that person is trapped in a cage for the whole life. If you do not want to become that person, then increase your bank account, not your O. Do not compete with every person in these four ways. Do n't compare life with your own life. Spend money not in owning things but in experiencing things.

Make money for your future life by squeezing out all your desires for some time. When that money becomes your life, it will not be yours. With money in your hands, your confidence will increase, your risk taking ability will increase so much that you will be surprised at your own mind. There was no excel sheet in this video, only discussion points and to make you aware about money in a different way.

 

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