00:00:00:00 - 00:00:55:00
Unknown
Right? Yeah. Okay. Yeah, right. But thanks for joining us on our podcast. maybe a bit of intro about yourself, because I know you've been doing a bit of work, experience and energy, but tell us a bit about you. So my self capital minus Rasta, commonly known as F and I'm from Nepal and I'm here in Australia for study papers and I have been studying Master's in professional accounting in years, which is in our town hall.
00:00:55:15 - 00:01:20:24
Unknown
So while studying, I got an opportunity to start as an internship in Jersey Finance. And when I come to meet with Allen with you, and it was really great meeting you and learning things from you. Yeah. And what's been the things that you've learned? I'm just curious. Yeah, because I really want to get into your psychology. what's useful, what's not.
00:01:21:16 - 00:01:51:00
Unknown
like, unconsciously, I have been, like. Like I said before, unconsciously I have been. No following the finances. Like, I have been saving habits and recording my expenses and my incomes. Like, those were, like, unconsciously. I love those habits. But after meeting you, I came to know that once you try those things, like once you have those records, the once would have such habits.
00:01:51:01 - 00:02:18:22
Unknown
Once it builds that habit so that you could of pursue something in investment. Or you can also buy an assets with your saving amounts in the future if you want. So. And what's one take away if you take away just like food? what would you take away from, let's say, today or the learnings that we've been doing?
00:02:18:24 - 00:03:06:04
Unknown
Yeah. for me, today's all the best takeaway for me is like money. It doesn't provide you just happiness, but it creates opportunities within yourself. So with the help of money, you can explore yourself. Even you can enjoy some happiness as well. And that's how that's what I got. And I also get to know about the management of your income, like how you segregate your income, you know, like in different needs, like basic needs, things having like how you tell like certain percentage of savings should be saved every month so that you could invest in your future.
00:03:06:06 - 00:03:30:06
Unknown
Now that's what And there was four things about the money. Spend. Yes. Save. Yeah. Invest and give back. Yeah. And I get back it really it was a new for me because since I'm old, accounting is all about the spend or save and invest. But give back. It was new for me and I really love that concept.
00:03:30:06 - 00:03:53:15
Unknown
Like you bring back what you have so that you could realize that you have more than enough already. Yeah. And for me, if I create more of the business people working and we're giving more, right? I mean, how much more impact can we have as a community? Because I think, you know, eradicating poverty and I know in different countries it's not about the lack of resources.
00:03:53:20 - 00:04:13:13
Unknown
Yeah, it is resource for this because already today, I mean, what's a set percentage is a set percentage that you'll be like, you know, at 5%, I don't know, asking what, what will be a percentage of what the like giving back maybe 5%. Right. Yeah. You know, I know we've done 5% better today, right. Yeah. Yeah. Whatever income that you earn.
00:04:13:15 - 00:04:41:09
Unknown
So for me, I feel like, you know, there's a need. Why we talking about this? And also talking is one thing. It's also the action step in the implementation. Hopefully you'll be coming back right now. The podcast. What's been the learnings and growth and viewing synergy? What we do really well is, is I'm very happy what you're making a complex subject of financial freedom, but breaking it down so little that you could start with something today.
00:04:41:10 - 00:05:02:05
Unknown
Because I still remember in your chair when I'm 20 something, I don't know your age, but I did start something different and take a massive action. And that was the snowboarding effect to to create the world. But that happiness and the enjoyment and the fulfillment that I have today and I'm still practicing, I'm not stopping. So therefore, you know, that's why you're here for a reason.
00:05:02:05 - 00:05:26:20
Unknown
And you know, it could be you. It's like both. But and hopefully you can share this work as well. Right. Because it's universal. Right. It's universal. Yeah. Everybody wants to know these things about the money, how to manage your finances. Yeah sure. And they want to grow their wealth as well. Sure. Okay. And what else besides this other takeaways or learnings.
00:05:26:21 - 00:05:51:12
Unknown
Yeah. It's a mindset. Okay. The way you say like, even if you have money, like money's not enough for the investment purpose or to manage your finance, you should have certain mindset and you should have that courage is to take the baby step like you don't blow the whole thing off world elephant or something like that. Why don't you start with the fighting?
00:05:51:12 - 00:06:14:20
Unknown
The elephants? No, that's a start. Like I'll baby's steak. So that's what I. That's what attracts me about the studio session. Yeah. And what I'm just curious because I really want to learn and you're at that stage like, of noise. But yeah, guys, my kids not as mature as myself. What? What do what keeps you awake at night?
00:06:14:20 - 00:06:39:18
Unknown
Like, you know, when it comes to I mean, money or finances, what's been the area that you're most concerned about? like I'm more concerned about. What do you do the next? Like, the first one is you need I have the first. So objective for me is to accumulate the capital so that I go to invest.
00:06:39:18 - 00:07:08:21
Unknown
Or I could start up my own business back in my country. So that's what keep me awake. Yeah. And due to the label already, you know, like, of I have just a rough space, like I'm going to start, but I don't have the number yet. But you want to know, can you work it out? You right now I'm just curious because that's the same thing that we had we financial freedom to be financially free.
00:07:08:21 - 00:07:34:20
Unknown
What's that number? My no I don't know. But then I always ask that question like, if you were to know, what would it be? Or is it something that's easy to be worked out? So give you an idea. Because it may not be that $1 million, it may not be that 500, maybe just $200. But if you have that then you can break down through your savings goal and then which is you set 20%, right.
00:07:34:20 - 00:07:53:12
Unknown
And how long will it take. Right. Exactly. To the dollar and the month Because you're saving like 20 grand, let's say a year. You know, if it's 100 grand and it's five years, it's very measurable. Does that make sense? And if you want to be hard on yourself, hey, I'm going to give 30%. And guess what? It's not five years anymore.
00:07:53:12 - 00:08:16:20
Unknown
It's three and a half years that I'm going to have enough capital to start my business. Does that make sense? Yeah. So I am using the mathematics that we learned in school, but this is the financial literacy because basically you don't even have a goal and be very clear about it. You're never going to achieve it because next year when we have another point, kind of like, I don't know what number is going to be five years later, I don't know what know is going to be true.
00:08:17:00 - 00:08:38:02
Unknown
Yeah. So, yeah, I mean, I'm not getting you to work it now, but it's easy to kind of accumulate. Like what? What's that number have to look like? Is it covering one year's expenses or what is it in the business that you need to save up for. Is it. Yeah. For like six months to one year. Yeah, yeah, yeah.
00:08:38:07 - 00:09:00:20
Unknown
We must have that. With that I'm like because it basically takes like six months to analyze your business, how well it runs, you know, to be honest, give it 12 months. Yeah, right. And also I feel in anything that we do, like sometimes we think like, we need just that exact amount. And guess what we always need to be before.
00:09:00:21 - 00:09:19:03
Unknown
Yeah. Right. So it's just making it more comfortable and realistic because it's six months that you know, all you not enough for 12 months to kick off because it's a double the time. Right. And then you may make it so I'm not good at business or this is not successful. I would have achieved it on seven or maybe the nine.
00:09:19:05 - 00:09:46:16
Unknown
Right. So just having enough money to do that. Right. Do you know the story? Okay. See, not really. That failed Colonel Sanders. Right. You know, he's. He's the one with the guy. Yeah. Yeah. You know, when he started, you know, selling his chicken recipe, you know, way. I don't know. It's like. I mean, it's good that, you know, he started when he was about to retire at 60 something.
00:09:46:17 - 00:10:09:10
Unknown
Yeah, right. And he got rejected a lot of times. Right. And he almost gave up like he did it because he felt his loved like towards his retirement in the late stages because he never gave up on his chicken recipe. Imagine if he'd be around. Yeah, right. So that's why I'm just saying that six months, Is it better to have 12 months of that number?
00:10:09:11 - 00:10:28:14
Unknown
You decide. Not me. Right. But you work it out. But is it something that you can achieve by next week? You could tell me that now, but, Yeah. Yeah, but see, this is where the mindset comes in, because the key thing is like, why am I sharing that? Is because a key thing is when you're like answering back.
00:10:28:14 - 00:10:49:05
Unknown
It's that, it's a, it's a language. I'll try. And maybe you because our organs trying to prevent us, they don't want to fail. Right. But it, you know, training the mindset, giving it a chance. You, everything that you got. Yeah. Right. And who cares. Right. You got four months if it doesn't work. Doesn't work right. It works.
00:10:49:05 - 00:11:11:22
Unknown
It's the best thing that's ever happened right by you gave it a shot. So try to do it. That's it. Right? So commit right When you decide and decide is the word right. And I learned from a good funny like the Latin word to say to cut off remember a and be. And we have to choose everything what it.
00:11:12:15 - 00:11:39:12
Unknown
okay. Yeah. Hey Andrew, just give us 510 minutes. Yeah. We're just do a recording. All right. I would put you you'll, you'll be all right. Okay. Yeah. So yeah. So yeah. Deciding is the cut off. So then you go to selecting a selecting B A and B at the same time. So you know when you're coming here and deciding, well we talked about enrolling in Master's, right.
00:11:39:14 - 00:11:58:18
Unknown
So you decided, right. What did you need? You need the body, you need the visa. If you know that you're enrolled, you need you didn't have to go, what if I didn't go in the master's, right? Because you're already in that position that make you decide eliminating all options. You deciding this, Hey, I'm doing this business for six or four months.
00:11:58:18 - 00:12:26:22
Unknown
Whatever it is, making it happen. All right? So, yeah, what else? you know what? What? What do I think in your generation now? What do you feel about fearful? like we always like to generation. We always fear for our future. Like everybody wants to make money. Yes, Because of the social media these days, like the all the good stops.
00:12:26:23 - 00:12:58:20
Unknown
Instagram, Facebook, they also the good aspects like having fun traveling somewhere. So, Yeah. The they don't want to miss the today's generation. They don't want to miss the chance of fulfilling all their dreams and all and to fulfill those dreams to attain that certain level of happiness. Everybody runs after the money. Yeah, that's the maybe that, that's the greatest fear because they want to like they are working for the passion or they are.
00:12:58:21 - 00:13:20:09
Unknown
Yeah, they are. They are all struggling for the money so that they could achieve that unrealistic happiness that we see in the social media and. And do I mean the new generation you do see people who are already very rich or like you know, some are struggling on different. Right. how do they keep happy. Right. I'm just curious.
00:13:20:09 - 00:13:43:16
Unknown
Right. Because we talk about, hey, money is not solve everything. Yeah, it can give you a choice, but, you know, have you guys stay happy? Like, I'm just curious. Yeah, like, I don't know them. I don't think there is real happiness these days because of, like, what do you scroll down the reals in Instagram. You might be happy like you love.
00:13:43:20 - 00:14:12:14
Unknown
You will continue watching the Instagram reels for like 3 hours nonstop. Like someone might think that's the happiness like, but the real happiness, it doesn't actually exist in that way. But these days, wearing like fancy stocks, expensive jewelries or bags, shoes, owning those are luxury cars. Maybe that's happiness for today's generation. Yeah, because that's what they do.
00:14:12:16 - 00:14:46:22
Unknown
Yeah. Yeah, that's seen everywhere in the social media. So how do you define happiness? The values that you actually, it's very subjective, but, I think happiness, it, it comes from within. Like how you take things like, usually I find happy we dance when I am with my family or when I'm with their friends. But I interact with them when I show my stops and when we show the ideas like, when a bike in my country, I you, I used to, I used to have that group of friends.
00:14:46:24 - 00:15:12:11
Unknown
Then whenever you we used to meet for a coffee in the evening like or. Yeah. We used to talk about different, business ideas like do this one or we used to. Yeah. That, those gossiping, I guess those small moments, those, those were the happy happiness to me personally. Yeah. And practicing yoga or exercises, that brings happiness to me.
00:15:12:13 - 00:15:30:18
Unknown
Yeah. Because I think one thing that I learned with Tony was that he defines that, you know, what you're sharing is kind of like, see, joined up progress. Yeah, the progress is happiness. Like because like when you first, I don't know, how do you come to Australia and you're my God, this is and then you come here.
00:15:30:20 - 00:15:49:04
Unknown
Is this all there is in it? How you build your friends and you talk about that you have lunches and stuff and you get that belonging and then you're progressing, right? And I think like, you know, now of course we're recording this podcast and this size of achievement and it's why I'm asking this is the art of the building is like, what makes you happy?
00:15:49:04 - 00:16:08:08
Unknown
And I just want to know different generation, Hey, you know, it may be happy for me. What's happy to you, I for you is probably that love in connection with your family. Then I could see it on your face already. So. Yeah, I know. Hopefully. Like you are building your wealth and and wealth is not just money, but wealthy general to to add value to that aspect.
00:16:08:10 - 00:16:35:19
Unknown
So no, I wish you all the best. Is there any final words or like, want to learn more or what you know, just any feedback. Right. Like I always want you to be in a podcast and it's I'm really like happy to be here in the podcast, especially with you and answering all your questions and listening to the way I mean, the answers that you tell.
00:16:35:19 - 00:16:51:23
Unknown
Like it's like, it's something like being in a TED talk, like, yeah, you get to listen to, I mean many ideas like, yeah, why what we, what you, what steps you can take.
00:16:52:00 - 00:17:22:06
Unknown
Yeah that's what I think. So that's it. Yeah. I'm very grateful that I'm here. It's, I feel it's the as and dreams. Like what I want is, is a like a not so what they grow. Okay Yeah it's a surprise for me but yeah I love this Yeah. No I really enjoy, you know. And you know why I get you to ask the question is because we don't do that in that, right.
00:17:22:06 - 00:17:50:24
Unknown
Whether it's questioning in our business, in our help or energy in our relationships. Right. That's over that. Because you need to think about it before you have that question. Yeah. And sometimes, like you don't even have a platform because of you may be busy, busy. Hey, somebody that one else they should right? Yeah. Let's do we cover? I'm learning a lot from yourself because for me like, you know my you still my younger one is like, how do I get into their world, right?
00:17:50:24 - 00:18:06:20
Unknown
You know, I know Mike's got two boys that I've got two girls. It's like, you know, I do. I don't want them to just see, hey, you know, picked up of the wheels if that definition of that happiness right. So therefore, like, I just want to understand, Hey, what makes you happy? What's been your fears and what do you think about it?
00:18:06:24 - 00:18:25:02
Unknown
Right, Right. so it's good that you mentioned it. Yeah. I do want to create a great environment, my kids, to kind of share not just good things, but, you know, when things go according to plan, right? Whether as a dad or as a family, to kind of like, you know, or as a community and us. So thank you.
00:18:25:07 - 00:18:43:05
Unknown
And yeah, so if you want to hang around, you can listen. But I'll bring Andrew in a younger self then another person. So then I will record well, okay. Thank you. All right. So. Right.
