Savings is the preferred option for money among Indian middle class and low income families. Any and every extra penny goes into savings. This method has been running for decades, but it has one drawback and that is – stagnation.
Economist Sanjay Jaswani said that ‘saving for a rainy day is smart, but keeping all your eggs in one basket is not. Jaswani said, “There is a need for a change in our mindset about money, all our finances should not be tied up in one savings plan.”
“What the Indian common man lacks in resources and connections, he makes up for in his honesty and integrity. Many of us fall under the category of ‘common man’ and have limited financial resources, and when you There is a limited amount of potential you have. You have to make the best use of it. The common man cannot afford to learn by trial and error, our mistakes will be very costly and disastrous. Financial literacy is the key to survival and success for Indians ,” They said.
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The stock market and investing are the best options according to 29-year-old Sanjay Jaswani, and he backs his views through years of research, analysis and observation.
Jaswani, who has been nominated for the Padma Shri award for the year 2023, has gained fame as a ‘fininfluencer’, and uses his social media presence to promote financial education. He has amassed an impressive following on social media through his financial literacy content.
He received International Icon Award in 2022 and Excellent Educationist Award in 2020. The United Nations has recognized his efforts in the fields of economics and education.