Ankur Warikoo is an Indian entrepreneur, author, educator, and content creator. He is the founder of Webveda, a digital platform that offers courses on entrepreneurship, career management, and personal growth. He is also the author of two books, "DO EPIC SHIT" and "GET EPIC SHIT DONE", which have topped the Nielsen bestsellers list in India. His YouTube channel has over 2 million subscribers. His channel is focused on personal finance, career advice, and entrepreneurship. He is known for his clear and concise videos that are packed with actionable advice. This post is a short explanation of his Youtube video "The most important lesson for your 20s" published on 20 July 2023. In this video, Warikoo explains some tips for Career, Relationship, and Personal finance.
Career
- Don't try to settle: It means that you should never stop striving to grow and improve. You should always be looking for new challenges and opportunities to learn and develop. If you settle for a job that you're not passionate about or that doesn't challenge you, you're setting yourself up for a lifetime of mediocrity.
- Never ever stop learning:
The pace of change is accelerating, and the skills that are in demand today may not be the same skills that are in demand tomorrow. If you want to stay ahead of the curve and keep your career on track, you need to be constantly learning and evolving. - Don't underestimate your network: Your network is the collection of people you know, both professionally and personally. It can be a powerful tool for your career, but it's often underestimated.
- Don't be afraid to lose: Ankur Warikoo is right in saying that you shouldn't be afraid to lose your network in your career. In fact, it's important to be willing to let go of some of your connections in order to grow and move forward.
- Learn to communicate: Learning to communicate effectively in your career is essential for success. Whether you're giving a presentation to your team, pitching an idea to your boss, or networking with potential clients, your ability to communicate clearly and concisely will make a big difference.
- Learn to adaptable: Adaptability is the ability to adjust to change. In the workplace, this means being able to adapt to new technologies, new processes, and new ways of working. It also means being able to handle unexpected challenges and setbacks
- Always chase meaning for work: Ankur Warikoo often says that you should always chase meaning for work in your career. This means that you should find a job that you are passionate about and that you believe in. When you are doing work that you find meaningful, it is much more likely that you will be happy and fulfilled in your career.
- Taking a break is important
- Keep your value intact: Keeping your value intact in your career means maintaining your skills, knowledge, and experience so that you are always in demand and can command a high salary.
Personal Finance
- Start Saving earlier: Start saving money as early as possible. This is because of the power of compound interest. Compound interest is the interest that you earn on your interest. So, the longer you have your money invested, the more time it has to grow through compound interest.
- Learn what is investing: Investing is the process of putting your money to work in order to grow your wealth over time. When you invest, you are essentially buying a piece of something that you believe will increase in value over time. This could be stocks, bonds, real estate, or anything else that has the potential to appreciate in value. WHY IS IT IMPORTANT TO START INVESTING EARLY?
- Diversify your investment: Diversification is the practice of spreading your investments around so that your exposure to any one type of asset is limited. This practice is designed to help reduce the volatility of your portfolio over time.
- Learn to make a budget: Learning to make a budget is one of the most important things you can do for your personal finance. A budget is a plan for how you will spend your money each month. It can help you track your income and expenses, identify areas where you can save money, and reach your financial goals. Try our Personal Budget Calculator
- Maintain an emergency fund: Maintaining an emergency fund means having a set amount of money saved up that you can use to cover unexpected expenses or financial emergencies. This fund should be separate from your other savings and investments, and it should be accessible quickly and easily.
- Keep a distance with loans and Credit Card: It is a reminder that these financial products can be dangerous if not used wisely. Loans and credit cards can lead to debt, which can be difficult to pay off and can have a negative impact on your financial health.
- Understand tax: Understanding tax is an important part of personal finance. Taxes can have a significant impact on your income and savings, so it's important to understand how they work and how you can minimize your tax liability.
- Plan for your retirement: Planning for retirement is an important part of personal finance. It involves determining how much money you will need to live comfortably in retirement, and then developing a strategy to save and invest that money.
- Spend your money wisely: This means avoiding impulse purchases, paying off debt, saving for the future, and investing in your financial future.
- Be educated in finance: This includes understanding concepts such as budgeting, saving, investing, debt, and insurance. It also means being able to identify and avoid financial scams.
Relationship
- Communication is the important key
- Boundaries are important
- Always stay authentic
- Listen to people
- Listen to forgive
- Relationship takes time
- Respect the differences
- Always be supportive
- Don't forget your relationship with yourself
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