Arthsamvaad III
The anchor then welcomed Mr Jena to speak on Entrepreneurship. Mr Jena explained the pros and cons of entrepreneurship as a career and shared his own journey of entrepreneurship. He explained how the career of an entrepreneur is not stable like that of a salaried worker and how the entrepreneurial skills require foreseeing the expected business revenues, changing business environment, consumer preferences and market mood. He explained these using real-life examples and also stressed on the need for wealth management during periods of high and low income. His lecture was found very useful by students looking for a career in business development which re�ected in the queries posted by students in the interactive session held after it. The anchor thanked Mr Jena for his insightful lecture and invited Mr Siddharth Shah for his talk.
Mr. Siddharth Shah elucidated about �nancial wisdom and the importance of a spending plan along with the risks involved in investment. According to him, �xed deposits are the simplest tool of investment and at the same time a disastrous one as it ' s simply a way of preserving money instead of wealth creation. He emphasised upon starting to invest early in order to save more in the future. Further, he corroborated the above statement with practical examples and numerical �gures. He explained that after deciding to invest, the primary requirement is to take a term insurance and a Mediclaim. He feels this as a crucial and a secure initial step. A golden rule of investment- ' Invest early, invest regularly and invest long term ' was illustrated at great length. In addition, having a money blue print seems pertinent in order to create wealth. Citing a book ' Secrets of millionaire mind ', he talked about being an entrepreneur, a never complaining attitude, committing to be rich etc. In summary, the lecture was informative as it threw light upon wealth management and its importance, when to invest, how to invest, and how to tackle the risks involved.
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