THE ABUNDANCE PSYCHE

Welcome to The Abundance Psyche, the space where we untangle the complexities of wealth, one episode at a time.

I'm Sudeshna, and for the past 17 years, I've been on a journey, decoding the secrets of money. From earning to saving, investing to overcoming bad habits. Today's episode is a deep dive into the money habits that keep generations broke and how to break free.

Join me as we explore the critical lessons often overlooked by conventional financial wisdom.

Welcome to The Abundance Psyche, where we cut through the noise of conventional money advice and explore the deeper insights often missed by mainstream financial influencers.

I'm Sudeshna, and having spent over a decade in the world of economics and finance, I'm here to share the perspectives that go beyond the usual tips.

Today, we're unraveling the mysteries neglected by typical financial education. From understanding the broader economic picture to delving into the psychology of savings, we'll explore the nuanced aspects that can truly shape your financial journey.

So, if you've ever wondered why traditional advice falls short, join me on this exploration into the uncharted territories of money wisdom.

Welcome to The Abundance Psyche, where we explore the ins and outs of life's purchases, both the good and the cringe-worthy.

Ever bought something with all your heart only to regret it later?

Well, you're not alone. I'm Sudeshna, and in today's episode, I'll be sharing seven of my worst purchases ever, from impulse buys to trendy fashion splurges. This isn't just a walk down memory lane; it's a guide to help you avoid some costly mistakes.

Welcome to The Abundance Psyche, where we unravel the unspoken secrets behind India's financial success.

I'm Sudeshna, and today, we're delving into the unique mindset of the Indian middle class and the wealthy.

While India may not be the wealthiest nation, it's home to some of the richest individuals globally. Join me as we explore the seven open secrets ingrained in the Indian culture that pave the way for financial abundance. From the philosophy of Dharma to the reverence for knowledge and wealth, these insights might just change the way you perceive prosperity.

Welcome to 'The Abundance Psyche' podcast. I am your host, Sudeshna.

Great coaches and mentors possess a unique skill – the ability to spot those destined for success from the start.

In this episode, we dive into the nine key traits that are telltale signs of success, from goal setting to grit, continuous learning, time management, adaptability, networking, following your flow, financial responsibility, and the power of a positive mindset. Join us as we explore the qualities that define success.

How many of these traits do you possess? Share your thoughts in the comments below.

Welcome to 'The Abundance Psyche' podcast, your essential guide to navigating today's challenging housing landscape. I'm your host, Sudeshna, a job search consultant with a passion for helping you achieve financial freedom.

Today, we're tackling a problem that resonates deeply with our generation – affordable housing. With factors like rising house prices, interest rates, and inflation, it often feels like homeownership is slipping through our fingers.

In this episode, we'll explore practical strategies for determining how much house you can truly afford. We'll break down key rules like the 30 percent rule, the 30-30-3 rule, and the 28-36 rule. These rules can be your compass in an ever-changing financial world.

Stay tuned to unravel the complexities of housing expenses and get tips on managing your finances effectively. If you're keen to master your money and grow your income, consider subscribing. Your support fuels our mission to empower your financial journey.

Welcome to another enlightening episode of "The Abundance Psyche" I'm your host, Sudeshna, and today, we're diving deep into a common ailment that affects many of us: comparisonitis.

In our world filled with endless possibilities, we often find ourselves yearning for more. More space, a fancier car, a bigger paycheck, it's a never-ending cycle. But here's the truth, my friends: comparisonitis is a disease that plagues us all, but it doesn't have to steal your joy.

In this episode, we're going to explore the four subtle signs that signal you're richer than you think, even if it doesn't always feel that way.

So, are you ready to recognize your hidden wealth? Stay tuned as we uncover these subtle signs and celebrate your financial success.

Welcome to another episode of "The Abundance Psyche." I'm your host, ,Sudeshna, and today, we're uncovering the profound teachings of a financial luminary - Charlie Munger.

While Warren Buffet's name often takes the spotlight, Munger's wisdom has quietly influenced many of us seeking financial enlightenment. His "Almanack" is a treasure trove of insights, and today, we're unveiling seven invaluable lessons that can transform your life.

Join us as we navigate Munger's wisdom, unlocking the secrets to a richer, more fulfilled life. If you enjoy this episode, consider subscribing to our channel. Your support motivates us to keep sharing these invaluable lessons.

Welcome to The Abundance Psyche, where we uncover the remarkable services that have enriched my life. I'm your host, Sudeshna. In our previous episode, I explored the material world, but today, we're delving into the realm of services that have brought true joy and improvement.

From the bliss of massages to the convenience of hiring a chef, we'll explore the diverse services that have enhanced my life and even impacted my finances.

Whether you're seeking inspiration to enhance your own life or curious about the services that can elevate your daily routine, you're in the right place. Sit back, relax, and join me on this journey as we discover how services can be the key to a happier, more fulfilling life.

Welcome to another episode of The Abundance Psyche, where we explore the choices and investments that shape our lives. I'm Sudeshna, your host, and in today's episode, we're diving into the world of smart purchases.

In our younger years, many of us may have indulged in impulse buying and collected random items that cluttered our lives. But as we grow wiser, we start recognizing the real value in the things we acquire. Today, we're focusing on nine material possessions that have significantly improved my life, and I believe they might do the same for you.

From a jacket that's been my trusty companion for years to a mattress that transformed my sleep quality, these items hold a special place in my life. We'll also talk about how a Kindle rekindled my love for reading and why I'm an unapologetic iPhone enthusiast. Plus, we'll delve into the world of courses and programs that have enriched my knowledge and skills.

Join me as we unravel the stories behind these purchases, their impact on my life, and perhaps, find inspiration for your own life-enhancing investments. So, sit back, relax, and let's explore the art of choosing wisely on The Abundance Psyche.

So many people across the world want to move to London.

 In today's episode, I'm going to discuss how much we end up spending per month for the household living and working in London.

 I am putting out a lot of my personal finances here online. This is definitely not easy for me. It's the first time I'm doing something like this. But then I always believe in transparency around money.

So, I hope that this helps you plan in case you are moving to London.

 You could be doing anything else right now, but you chose to listen to this podcast instead.

So, I'm going to make a huge assumption here that you want to make more money in your life.

And if that's the case, welcome to the Club.

We love talking about how you can make more money here. And in this episode, I'm going to discuss skills that make you higher income in your career.

Embark on a journey of financial transformation as we dive into the realm of counterintuitive savings.

In this podcast, we'll explore strategic hacks that challenge traditional norms, each with the potential to reshape your financial trajectory.

Get ready to elevate your savings game through a fresh perspective that prioritizes effectiveness over convention.

Money, a driving force that has shaped my journey for the better part of my life. Over the past 15 years, I've immersed myself in the world of economics, earning degrees and working within the financial services sector.

Money has motivated me for the best part of my life.  

In fact, I have spent the last 15 years getting multiple degrees in economics. And then, working in the financial services sector for over a decade. 

And here's one thing that I have learned about money that impacts your financial situation disproportionately: EARNING MORE MONEY

For the longest time I thought a dream job is the highest paying job. And coming from a middle class family, that's what you generally aspire to have more money in your life.  And that's perfectly valid.

As I have grown through my career and I have seen other people's careers unfold, I have realized that a dream job has more to it than just money.

There was a point in my life when I did not have a two day weekend. Most of the weekends were taken up by work. I used to work in the big four consulting firms and I used to love consulting. However, I was extremely overworked and underpaid.

If you are feeling a bit jittery about your current work situation, here are five warning signs that your job might be ruining your life.  1. The first sign is that you get the Sunday carries or the Monday blues. 2. The second one is that you feel underpaid, undervalued, and underappreciated. 3. The third warning sign is that you are worried about a layoff  4. The next warning sign is that you don't get along with your boss or your team. 5. The next warning sign is that you have been stuck at the same title, at the same job for over three years.

Hi everyone, I am Sudeshna. I have been working in the financial services industry for the past decade.

 I have always been a voracious reader, but in my twenties I almost lost the habit of reading. But I'm so glad to have found back my habit of reading and these days I read a lot thanks to my Kindle.

In today's episode, I'm going to discuss with you five of my favorite personal finance books which has helped me tremendously in my life.

• The Science of Getting Rich
• I Will Teach You To Be Rich
• Almanack of Naval Ravikant
• Poor Charlie's Almanack
• Die With Zero

I have always been jealous of the people who always knew what their purpose was in life before they even started their careers. I mean, that would be nice, but that wasn't me and it's very likely if you are listening to this podcast, that it's probably not you.

If you are on social media or any kind of media, you probably have heard that, find your purpose, find your 'Dharma', Live your passion, and you will never work a day in your life. Look at movies like Eat pray love.

So many people, I personally know in my life, have been on that eat-pray- love, kind of a journey to self discovery. But, is such a journey always necessary when you want to find your purpose or your 'Dharma'? 

The schooling system is meant to teach us literature, arithmetic and logic.  Some schools end up doing a great job at it. Even when they do a great job of it, they don't end up teaching us practical skills about personal finance  that we need as responsible adults.  

I have heard the rhetoric that schools should teach more personal finance. I'm still making up my mind about where I stand on that argument, primarily because I think financial literacy is one thing, but the mindset around personal finance is a whole different thing and almost the necessary condition for us to be financially savvy in our adulthood.

 Most of us have a plan. We'll win the lottery and then live happily ever after. However, what most people don't realize is that most of the people who win the lottery go from rags to riches to rags within a span of five years of winning the lottery.

On the other hand, there are some people and some families who come from war tone zones, who lose all their riches to the war and end up going from rags to riches within the next 10 years.  

A lot of personal finance focuses on the math of the money. However, mindset actually plays as much,  if not a bigger role in the creation and sustenance of money.

 After studying the Rich for over the last 10 years, I have found these five key principles that you can steal from the rich to reprogram yourself to create more abundance in your life.

I did a lot of things right. I went to college, I got the right degrees. I got a job. I started earning early on in my life. I started saving early on in my life. I did not accumulate credit card debt or any debt for that matter.

However, there are these four financial regrets that I have till date and you realize that it's not all about the money.

When you think about Rich, what comes to mind?  Men in suits, cruises and yachts, high end luxury fashion brands, gourmet food, access to exclusive memberships. Maybe, access to a financial wealth manager.

However, in my last 10 years of being very close to very rich people, and actually through my life, having access to a lot of privileged people, I have found that these couldn't be farther from the truth.

 Here are nine personal finance lessons that I have learned by being around wealthy people that changed my life.

 I track every penny that I spend. I don't Buy coffee. I cut my own hair. I go to the supermarket that has the lowest price for berries, and I spent our searching for a 20 P deal for a 10 pound purchase.  You'll notice that the computer behind me is turned off because I have been trying to save pennies on my energy bills.  

Wow! I got through that with a straight face. Only two out of those are true. And I'll tell you which two at the end of this episode and why.

 But before that, here are four personal finance hacks that I use to approach my finances in the most minimalistic way, which means that I don't end up spending a ton of my time looking at spreadsheets or comparison shopping. I spend time where it matters, and that to me is true financial minimalism.

 Stop throwing money on rent and paying your landlord's mortgage.  This is something that has been told to most of us for so long that we have started believing this. However, in 2023 with the interest rates peaking across the world, does buying a home necessarily mean that you have arrived in life?

 Of course, there are some advantages to buying your own home. For example, when you buy your own home, you are building equity, which means that there's a part of money that no one can take away from you. If house prices go up, your return on investment goes up. If house prices go down because you have equity in the home, your return on investment goes down, which is actually quite possible in the current climate.

 So, let's talk about some of the benefits of actually owning a home and renting a home. And then let's run the numbers.

My retired parents are traveling the world in exotic locations while my sister and me in the prime of our age are working hard, saving up for a retirement, which we are not even sure we are going to live for.  

So, I understand why the financial independence retired early movement, also known as the F.I.R.E. Movement  is so lucrative for so many of us. So, I really wanted to dissect in this episode what is F.I.R.E.

Honestly, there's so much of terrible financial advice out there that gets dished out by influencers, and I wonder who makes money off the back that advice, because frankly, that's very, very questionable advice.

 But obviously we don't live in a perfect world, in a perfect society, so, let's talk about the five types of finfluencers that you are better off avoiding.

You'll never get rich working for someone else.  You don't need to go to college to build wealth.  Who comes up with this terrible advice?  In fact, data shows that in the United States at least, people who have a college degree or above earn twice the amount of a high school graduate.

Money doesn't buy happiness.  How long will we keep quoting that 2010 Princeton study? It's 2023. Inflation has gone up significantly. What used to cost $75,000 back in 2010 costs considerably more now  and that study was done for a particular demographic living within the United States.  So, does that really hold water across the globe? Money is definitely not the sufficient condition for being happy, But I do think it's a necessary condition.  So, increasing your net worth can actually make you happier.

My family lost several millions of dollars over the last couple of generations, and yet we have managed to weather the economic and political uncertainties and today I am going to share a few things I was taught as I was growing up.

I would love to tell you that I wake up at five in the morning, hit the gym, take a cold shower, green juice, 30 grams of protein, one hour meditation,  and finally then I get to start my day. 

I've made several thousands of dollars online. So, in this episode, we are going to talk about nine ways of how you can make money online, and I'm also going to

rate those nine ways in terms of the upfront investment required and the ease of getting to your first thousand dollars.

So let's get started.

Investing is only for the rich. In fact, that's what 45% of the respondents of a HSBC survey believe when asked why they don't invest more, 23% believe that they don't know enough about investing. 21% believe that investing is too risky.

Now with that perception of investing, let's bust some myths.

Hi everyone. I'm Sudeshna. I'm an Economist and I have worked within the financial services industry for over a decade, and today we are going to bust some investing myths.

Hi everyone. I'm Sudeshna. I'm an economist and I have worked within the financial services industry for over a decade.

Today we are going to talk about what's a recession, why we are expecting a recession, and more importantly, how you can prepare for a recession.

161,000 layoffs across all of 2022 and today we are going to discuss about how you can prepare for a layoff.

Hi everyone. I'm Sudeshna. I'm an economist and I have worked within the financial services industry for over a decade, and today we are discussing why layoffs happen and how you can prepare for a layoff.

Hey everyone, I'm Sudeshna. I am an Economist and I have worked within the financial services industry, especially with artificial intelligence technologies.

When ChatGPT came to the market in November, 2022, I was beyond excited to try out this new tool.

So here's what I asked ChatGPT,

what's the best financial advice you can give to me in 2023?

Hello everyone, I am Sudeshna. I am an Economist and have worked in the financial services industry for the past 10 years.

Today, I want to share with you six ways to make money with ChatGPT.

Hi everyone. I'm Sudeshna. I'm an economist and I have worked within the financial services industry for over a decade, and here are seven things that I don't buy.

Please note that these are seven things that I don't find useful in my life, but if you choose to spend your money on those, no judgment whatsoever.

Everyone's life is different. Everyone's preferences are different, is what I have learned as a student of economics. 

* Packaged drinking water

* Next day delivery services

* Jewelry

* Designer Bags

* Anything to do with fast fashion

* High maintenance beauty products  and services

* Things that I  don't understand

Hi everyone. I'm Sudeshna. I'm an economist and have worked in the financial services industry for over a decade. 

Today I'm going to share with you seven personal frugal habits that I have, and if you stay till the end, I will give you a bonus rich habit that I have inculcated over the years, and that has made me more money. 

But first things first, let's talk about the frugal habits. 

1. Knowing my inflows and outflows

2. Automatically saving and investing

3. Avoiding credit card debt

4. Optimizing tax bill legally

5. Sleep over before high value purchase

6. Spend on Quality over Quantity

7. Buying back my time using outsourcing

Hi everyone. I'm Sudeshna. I'm an economist and I have worked in the financial services industry for over 10 years. Today I'm sharing my personal plan of getting to a million dollars.

While listening to this obviously remember that this is my individual plan. This is not for everyone.