@SSS135
Shashank Sehgal
@SSS135 · 3:57

Rat Race- How to escape it?

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It's basically when you are earning a lot, when you are working a lot, you are earning a lot, you are paying a lot of taxes, you are expending a lot. You are creating so many liabilities and expenses for yourself. But you are not doing anything on your asset column. Your asset column is zero or negative or less. You are financially illiterate and the cycle continues. So I hope you understand it. And do tell me, what do you feel about this concept?

#whatsyourpov

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@zee_48
Vezee ..
@zee_48 · 0:40
I think you can escape this cycle by, you know, slight change of environment. You can they go to places where the cycle is not practiced because, you know, as per the observations, the data in India, it's not very effective. You cannot escape the cycle because there are people who are still held on not letting go the old toxic thing or the idea they are still falling doing it and they're in fact convincing their generations too
1
@vaibhavbehl
vaibhav behl
@vaibhavbehl · 3:07
Okay. Now, you know, like this great. Swell. To be honest, financial literacy is not something that everyone have to be honest. I myself used to consider Key Bay gold, which is impossible. For example, I needed a PC and I started living with the people around me. I would start looking for even better houses. So to be honest, what I think the best way to go is the perfect way to end this track race
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@Swell
Swell Team
@Swell · 0:15

Welcome to Swell!

@Satheesh
Satheesh Kumar
@Satheesh · 0:28
I check in with the Vibrance suggestion on divide your actual monthly income into different categories and spend accordingly instead of are going to get cycle by avoiding unnecessary expenses. There should be a way to get out of it
2
@Anastasia_9
Divya Bhatia
@Anastasia_9 · 0:48

@SSS135

I remember there are people like that in my life as well who don't know how to use their money, and then they end up getting loans, and then they just put their houses and everything they have all the assets they have on mortgage, and then they don't know how to use their money. But that's it. And this concept is very good. And thank you for posting it. And I get to know new things about it. So thank you. Bye
1
@Karthick
S Karthick Rajan
@Karthick · 2:03
If you don't have an asset worth of the amount that you are going to lend, please don't lend that money. That's one simple suggestion that can give you. Right. Okay. Thanks, man
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@Anwesa
Anwesa Saha
@Anwesa · 0:04
Hi. Thank you so much for inviting me. It was great listening to as well
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@Shruti_Singh
Shruti Singh
@Shruti_Singh · 1:58

#sayitonswell

So yes, money is a need. But I would also say that it is not everything. Just spending your entire life on this materialistic positions or this monetary positions isn't worth it. I think everything should be, well, you would have this rat race or this debt. It this is very exhausting and this is so mentally pressurizing and one should try harder to stay out of it. That's what I feel. And thank you so much for this amazing swim
2
@LadyO
Ophelia Johnson
@LadyO · 4:21
But anyway, my point is that once you get out of school you've got to repay those loans and now you want to get a credit card because it kind of makes life easier because if you want to go on vacation, you can charge your credit card. You can do this and do that. So now you're getting into the debt of credit cards
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