Business and wealth mentor Ron Malhotra has helped set up multiple highly profitable businesses and has given talks worldwide

He joins Vinamre this episode to talk about:

1) His immigrant story and accidentally becoming a financial planner

2) How he handles his finances while being a maximalist

3) How Ron thinks burn-out can be easily avoided

You can follow him on his socials:

LinkedIn – https://au.linkedin.com/in/ronmalhotra

Instagram – https://www.instagram.com/theronmalhotra/

Timestamps

(0:14) – Ron’s Immigrant story

(3:14) – What’s life like for Australian teens?

(5:47) – A police raid made Ron want to be independent for the rest of his life

(8:14) – Becoming a financial planner through sheer charisma

(11:29) – Making money, keeping money, and multiplying money are all different skills

(15:24) - Wealth figures in India are grossly exaggerated

(20:01) – Buy well, never sell is a better mantra than buy low, sell high

(24:51) – Common ways of squandering your wealth

(27:24) – Ron’s way of spending money

(31:02) – Frugality isn’t a viable strategy for everyone

(35:04) – Money isn’t everything, but neither is anything else

(38:56) – You can only create wealth while you have income

(43:24) – Educational institutions offer you false security

(47:04) – The rules of entrepreneurship are very different from rules in institutions

(51:31) – Does the world not need employees?

(55:26) – Burning out is a consequence of working on the wrong things

(58:29) - Risk appetite is the biggest predictor of a country’s prosperity

(1:04:00) – Entertainment gives us negative connotations towards money

(1:06:14) – Virtues and vices of new and old money

(1:10:00) – Ron’s take on masculinity

(1:21:15) – Women abdicate their authority for the right guy

(1:25:00) – Society places an incredible amount of value on white men

(1:28:52) – Indian subservience is a huge problem

(1:32:40) – Ron’s message for the audience