MD and CEO of Edelweiss Mutual Fund Radhika Gupta believes that earning money and saving it is important, but money cannot define you.
In a Twitter thread that has gone viral, Radhika Gupta has come out with five things about money that she wants her child to learn first. She has a nine-month-old baby.
In the first point, she acknowledged that money has a real purpose and is extremely important.
Money does have a real purpose. It enables you to fulfil your dreams, it makes the little and big things in life easier. It adds comfort, it enables moments of joy, for you and people who care for you. So earning money and saving money is important.
However, she observes that one should not affect money to affect one's confidence and self-worth.
But money cannot define you. Never let it affect your sense of self worth or your confidence, because it has the power to do that. Never let it affect how you are and behave with others either, because people are more than their bank balance.
Radhika Gupta further asks her child to take risks and create opportunities that she never had.
Gratitude is the most important money attitude. You have more than I did, and I have more than my parents did, because each generation has worked hard. Use what you have to take another leap, to take risks, to create opportunities that we never had.
She then cautions against greed.
Greed takes you down. Finance is one of the best paid industries in the world, yet the biggest and best fall hard because of greed. Know the value of “enough” and never take a shortcut to earn money. It can never be worth it.
She wants her child to "read, write, think, fall, rise, dream, create and build."
Your parents have earned a living managing money. But first focus on managing your biggest asset - your talent, and you are playing in one of the best markets in the world - India. Learn to read, write, think, fall, rise, dream, create and build.