A salary can make you comfortable. It rarely makes you rich. Meet Anshul Saigal, a private investor with nearly 20 years of experience across Kotak Mahindra AMC, JP Morgan Chase, and Standard Chartered Bank. Formerly Head of PMS and CIO at Kotak Mahindra AMC, he built wealth through disciplined investing, calculated risk-taking, and long-term thinking. According to Anshul, most people don't actually want to be rich. They want to be safe. And that's exactly why they never take the risks required to build extraordinary wealth. During the 2008 financial crisis, while markets were collapsing and fear was everywhere, Anshul took a loan and invested. Over the next 18 months, he multiplied his money several times over. 📈 Do you think wealth comes more from earning, or from taking calculated risks? 👇 ( wealth creation, investing mindset, stock market investing, financial freedom, wealth building, risk taking, personal finance, Finance With Sharan, Anshul Saigal )
Full Transcript
You're saying 98% of the people don't have the innate desire to be rich. >> They have a desire to be safe. >> When you're having a salary, it's very difficult to get rich rich. How exactly did that happen for [music] you from being a 9-to-5 job guy to becoming an ultra H and I? >> The first point is that you have to have that passion, that desire to be rich. I'd say out of 100 people, two, three people have. For instance, in 2008, Lehman crisis happened. In August of 2008, I had lost my sister. What did I do? Despite the personal setback, I told myself, "I know that I'm grieving just now and it's really painful. But I've got to look beyond the grief and think of the times that I have just now. Either the world will go to hell, and if that doesn't happen, this is probably the bottom in the markets and from [music] here you'll make a lot of money." I took a loan and I invested in the markets at that time. I made probably seven, eight times my money in the next one and a half years.
Original Description
A salary can make you comfortable. It rarely makes you rich.
Meet Anshul Saigal, a private investor with nearly 20 years of experience across Kotak Mahindra AMC, JP Morgan Chase, and Standard Chartered Bank. Formerly Head of PMS and CIO at Kotak Mahindra AMC, he built wealth through disciplined investing, calculated risk-taking, and long-term thinking.
According to Anshul, most people don't actually want to be rich.
They want to be safe.
And that's exactly why they never take the risks required to build extraordinary wealth.
During the 2008 financial crisis, while markets were collapsing and fear was everywhere, Anshul took a loan and invested. Over the next 18 months, he multiplied his money several times over. 📈
Do you think wealth comes more from earning, or from taking calculated risks? 👇
( wealth creation, investing mindset, stock market investing, financial freedom, wealth building, risk taking, personal finance, Finance With Sharan, Anshul Saigal )
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