Got a Thing for Savings?💰

in conversation with Sharan Hegde!

gm! ☀️

Financial literacy isn’t seamlessly accessible — especially in our country because we’re not taught taxation and investments unless we picked those as majors. While things haven’t changed as much, financial influencers are trying to bridge this gap.

Sharan Hegde is one such creator known for his financial content. When asked what his mission was, we were told he intends to create financial content for the masses.

In today’s Morning Rush, we’re bringing you the conversation we’ve had with him. 👇🏼

But, First: Who's Sharan Hegde?

Let’s dig into the conversation now. 🤯

Thousand Faces Club: What got you into finance or understanding money?

Sharan: My father owned a restaurant in Mysore, and during summer vacations, I'd go to the restaurant. I used to love collecting money, reading books, and inquiring about cash flow at the cash counter. That's how I got interested in money, but like most Indian parents, my parents' knowledge of investing was confined to a savings account, FD, and real estate. But, they never discouraged me from talking about money or savings. Besides, whenever I received money on festivals from my grandma, I’d save, and when the savings reached a lakh, I wanted to invest it. I wanted to go beyond a savings account and FD and leaned towards the stock market.

Thousand Faces Club: Interesting! What made you get into creating financial content?

Sharan: Most of my friends and I entered the job market during the pandemic, and I used to explain investment options and taxation to them. I'd individually explain these terms to each of my friends, but I was getting frustrated doing it repeatedly. I also understood there was a knowledge gap for these concepts even beyond my friends' circle as we're not taught these things at school. That's what inspired me — besides, I had free time during the pandemic and consumed more content. Soon, I discovered Ali Abdaal, who achieved so many things and was the source of inspiration for me to get started.

Thousand Faces Club: Right! Do you have a content creation strategy?

Sharan: My strategy is simple — I try to explain things as I would to a 10 or 15-year-old. I also cover topics like taxation, mutual funds, and insurance regularly. Another way I pick content is based on what's out there; since I don't create new content, it's mostly about repackaging existing content in simpler formats.

Sharan Hegde | Investing on Instagram: "80C is not new, and I’m well aware you must be taking full advantage of it. If you’re not - Kya Phook ke aya hai be? Now if you want more tax savings here is what you do: 1) Ask the HR to restructure your salary and contribute either ₹50,000 or 10% of your basic salary (whichever is lower) to NPS account. 2) You also contribute the same amount from your in hand salary. Congratulations you just saved ₹30,000 in taxes. Don’t go overboard with NPS beyond the tax savings. In my yesterday’s I spoke about why NPS is a bad investment for your retirement planning. But for tax saving purpose it’s still quite good. . . . . . . . . #financewithsharan #tax #taxes #taxseason #savetax #investingforbeginners #moneymanagement #personalfinance"

Sharan Hegde | Investing shared a post on Instagram: "80C is not new, and I’m well aware you must be taking full advantage of it. If you’re not - Kya Phook ke aya hai be? Now if you want more tax savings here is what you do: 1) Ask the HR to restructure your salary and contribute either ₹50,000 or 10% of your basic salary (whichever is lower) to NPS account. 2) You also contribute the same amount from your in hand salary. Congratulations you just saved ₹30,000 in taxes. Don’t go overboard with NPS beyond the tax savings. In my yesterday’s I spoke about why NPS is a bad investment for your retirement planning. But for tax saving purpose it’s still quite good. . . . . . . . . #financewithsharan #tax #taxes #taxseason #savetax #investingforbeginners #moneymanagement #personalfinance". Follow their account to see 487 posts.

Thousand Faces Club: As an influencer, it must tough to reduce your screen time. How do you ensure you spend less time online?

Sharan: I limit my social media consumption by setting up time reminders that notify me whenever I spend more than intended time. Now that we're all stuck at home, we lack social avenues, so I ensure to eat all my meals with my family — I make it a point not to take my phone and have a conversation with them and live the other part of my life.

Thousand Faces Club: Two pieces of advice for creators?

Sharan: Don't let what others think or nasty comments get you because they lead to burnout. And remember that there's more to life than social media content, and having multiple income streams or a stable job is crucial.

So that was a slice from our conversation with Sharan Hegde. Curious to know what else we spoke about? Check out the creator journey we wrote about him. 👇🏼

We Dropped a New Video

Do you watch Aevy TV's videos? If yes, you already know they grew to 180K YouTube subscribers in about five months.

In our latest Creator Deep Dive, our hosts Aadil Verma and Tanishq Mehta discuss Aevy TV and its storytelling. 👇🏼

That’s it for this week! We’ll be back with another story next Tuesday. 👋🏼

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