Larry WeidelMentor and Coach Empowering Million Dollar Earners

Episode #809 - How Every Business Travel Can Boost Your Career with Ranjeet Mudholkar

7 May 2024 · 1 min

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A single-speaker excerpt from a YouTube episode where the speaker (Ranjeet Mudholkar) discusses India as a large nation of savers and the need to convert savers into investors. He argues that simply parking money in gold or fixed deposits is not financial planning; instead, financial planning should make money "work for you." He cites India’s population (over 1.5 billion) and estimates ~40% as middle class, and notes he has worked in this area for roughly two decades.

Questions this video answers

Over 1.5 billion people.

About 40%.

Roughly two decades.

India has a population of over 1.5 billion people. Out of them, at least, if I may say so, 40% would be what we constitute something as a middle class. So there is a huge amount of influx. India is one of the largest, as you call it, nation of savers. And. And we want to convert that nation of savers into nation of investors. So basically, just putting your money and buying it into some assets like gold or putting money into fixed deposits is not really financial planning. So what financial planning is that you have to make money run for you, make money work for you, actually. And that's about the concept of financial planning. So I was doing that over a period of roughly two decades out there.