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Business and wealth mentor Ron Malhotra has helped set up multiple highly profitable businesses and has given talks worldwide He joins Vinamre this episode to talk about: 1) His immigrant story and accidentally becoming a financial planner 2) How he handles his finances while being a maximalist 3) How Ron thinks burn-out can be easily avoided You can follow him on his socials: LinkedIn – https://au.linkedin.com/in/ronmalhotra Instagram – https://www.instagram.com/theronmalhotra/ Timestamps (0:14) – Ron’s Immigrant story (3:14) – What’s life like for Australian teens? (5:47) – A police raid made Ron want to be independent for the rest of his life (8:14) – Becoming a financial planner through sheer charisma (11:29) – Making money, keeping money, and multiplying money are all different skills (15:24) - Wealth figures in India are grossly exaggerated (20:01) – Buy well, never sell is a better mantra than buy low, sell high (24:51) – Common ways of squandering your wealth (27:24) – Ron’s way of spending money (31:02) – Frugality isn’t a viable strategy for everyone (35:04) – Money isn’t everything, but neither is anything else (38:56) – You can only create wealth while you have income (43:24) – Educational institutions offer you false security (47:04) – The rules of entrepreneurship are very different from rules in institutions (51:31) – Does the world not need employees? (55:26) – Burning out is a consequence of working on the wrong things (58:29) - Risk appetite is the biggest predictor of a country’s prosperity (1:04:00) – Entertainment gives us negative connotations towards money (1:06:14) – Virtues and vices of new and old money (1:10:00) – Ron’s take on masculinity (1:21:15) – Women abdicate their authority for the right guy (1:25:00) – Society places an incredible amount of value on white men (1:28:52) – Indian subservience is a huge problem (1:32:40) – Ron’s message for the audience