Something Bigger Talk Show How to Achieve Financial Independence & Build Passive Income before 40 With Sanjay Kathuria
👇 About the guest
Sanjay Kathuria is a CFA, finance coach, and founder of Profits First, dedicated to financial literacy and wealth creation. After a 16-year corporate career, he achieved financial independence at 39. He has guided 10,000+ SMEs and 25,000+ individuals toward financial freedom. Featured on Josh Talks and Economic Times' "40 Under 40", he reaches 1M+ followers with insights on business finance and investing.
👇 Key Takeaways
- Key Principles of Financial Independence
Sanjay outlines the four quadrants of financial literacy: employed, self-employed, businessman, and investor.
He explains the difference between an employee's mindset and an investor's mindset.
Discusses how wealth is created by solving problems or helping people achieve their goals.
- Financial Independence vs. Happiness
The difference between financial independence and retirement, emphasizing the need for purpose.
Sanjay argues that wealth does not equate to happiness and highlights the importance of giving back to society.
Shares insights on how to find a fulfilling purpose in life beyond financial success.
- Investment Strategies
Sanjay shares principles for making better investment decisions, including understanding risk tolerance.
He discusses the importance of diversifying investments across various asset classes.
Emphasizes the need for patience and discipline in investing, advising against frequent monitoring of investments.
- Building Passive Income
Sanjay explains the concept of passive income and how to create leverage through investments.
Discusses various avenues for generating passive income, including creating systems and leveraging skills.
Encourages viewers to focus on skill development and continuous learning for long-term financial success.
- The Psychology of Money
Sanjay explores the mindset shifts necessary for achieving financial independence.
He discusses the importance of avoiding the fear of missing out and the dangers of procrastination.
Encourages viewers to maintain a long-term perspective on investments.
👇 Timestamps
00:00- Introduction
01:00- Sanjay's Financial Journey
07:00- Key Principles of Financial Independence
10:00- Building a Financial Foundation
20:00- The Importance of Goal Setting
30:00- Financial Independence vs. Happiness
40:00- The Psychology of Money
50:00- Investment Strategies
59:00- Building Passive Income
01:06:00- Purpose and Impact
👇 Connect with Sanjay Kathuria
Instagram: https://www.instagram.com/financebysanjay/
LinkedIN: https://www.linkedin.com/in/sanjaykathuria/
Youtube: https://www.youtube.com/@Sanjay_Kathuria/
👇 Connect with Rodrigo and Something Bigger
Linkedin: https://www.linkedin.com/in/rodrigocanelas
Instagram: https://www.instagram.com/rodrigocanelas
Tiktok: https://www.tiktok.com/@rodrigo_canelas
Web: https://www.somethingbigger.com
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