The Relatabel Podcast

Part 4 of 4 is finally here and this is the final step in what financial planning expert Dave Ramsey calls "the Baby Steps to financial freedom" - INVESTING! Now you get to start focusing on the future & building wealth be it building for that retirement fund or putting aside money for kids' college or philanthropy or a business or whatever long term goals you may have. This episode is about what moves you can make as a beginner when you start out investing and no, investing in cryptocurrency (BITCOIN, ETHEREUM etc.) is NOT the starting point! A baby can't walk let alone run, without learning to sit up at first { spoken like a father of a young kids :) }. There is a mental approach even to investing that one must adopt & we talk about that as well.

I'm excited to have you check this out! In case you're just tuning in, then my recommendation would be to listen to parts 2 - 4 to understand how to structure a personal finance roadmap that works for you. While Part 1 tells you the story of Sid's & my own backgrounds & what led us to taking some of the actions with respect to our finances. My hope is that is this conversation helps someone out and if you have any further questions, please feel free to reach out @abelmathewsentertainment on Facebook, Instagram, Youtube & LinkedIn & @abelmathewsentm on Twitter.

In part 3 of this 4-part conversation, Sid & I talk about what's next after you've got your basics covered. This is where we really sink our teeth into different aspects of personal finance planning - emergency funds, tax planning, insurance, the approach to adopt when attacking debt & more. This episode builds on some foundational principles laid out in part 2 of episode 4 - principles that one must have in place if one is to win with money; so if you haven't heard it yet, be sure to check out part 2 first before you listen to this one.

Continuing our conversation from where we left off in Part 1 of this 4 part series, Sid & I dive into the goals & mindset one should adopt as one embarks on the road to better personal finances and money management & we also talk about what the crucial first steps are. Hint: We demystify the dreaded word "budget" and also have some advice for non-salaried professionals.

Mutuals funds, section 80c of the Indian income tax act, emergency fund, tax planning, health & life insurance, investment portfolio, debt  - these terms held no interest for 22-year-old Abel. It's only once I had kids and began my IT job (that's 31-year-old Abel) that I realized I know very little about managing personal finances and worse, how severely under-prepared I  was for the future or for any emergency situation that would need me to shell out cash. This realization started me on a path to learn about how to manage my money smarter & eventually reframed my mindset when it came to personal finance. Despite having applied my learnings for only 3 years, I've seen a major difference in the way my family & I are better positioned, not just for the future, but to manage modest emergencies & make overall wiser daily living, money-related decisions. We're officially on the road to better money management & wealth building.

This conversation took place on Zoom over the course of 2 hours so I've split it into parts for easy listening.