Personal finance is as important as primary and secondary education to children. Once you learn it, you are more confident in making financial decisions. Now, most of us have a primary source of income (mostly jobs), but we do not care to ponder on the secondary source. Right? That’s the wrong approach.
We all should learn something from our Bollywood industry. Most of the celebrities, apart from their acting jobs, are heavily invested in real estate, digital platforms, startups etc. Why do you think the most famous actress Deepika Padukone invested crores in the brand Epigamia? She is already a millionaire and an actress, with films and ads in line. The answer is ‘financial security’.
We all must learn how to invest in various businesses to keep an open line of secondary income flowing into our bank accounts.
We all have watched the Just Dial ad featuring the evergreen actor Amitabh Bachchan. Most of us don’t know that he was also offered shares of Just Dial, about 62,000 shares at Rs 10. In just 3 years, the value of the investment ballooned to Rs 6.2 crores from 6 lakhs. This is just one story, there are many others. Actress Alia Bhatt has invested an undisclosed amount in the beauty and personal care app ‘Nykaa’. It’s no doubt that she’d be making big bucks from her investment once Nykaa gets listed.
India has become the hub for startups. Major investors and venture capital firms have an eye on India and are continuously funding them. Some of these startups have already become unicorns. Recently actor and producer Anushka Sharma is said to have invested some 50 lakhs in a Bengaluru-based startup ‘Digit Insurance’. Even actor Suniel Shetty has invested in fitness and nutrition startup ‘Squats’ and men’s grooming brand ‘Beardo’. He has also invested in another startup called ‘Vieroots’.
List Doesn’t End
This era is all about digital transformation. The way our parents or grandparents invested earlier cannot be followed anymore. Earlier, people used to invest mostly in gold and real estate. This approach does not benefit in today’s day and age. There are various ways of making big money these days, like investing in startups, opening a business, investing in the stock market etc. Let’s learn a thing or two from our Bollywood celebrities and increase zeros in our bank accounts.