00:00TCS, one of the most safest companies of India, has laid off 12,000 people.
00:05You see the news broke and everybody spoke about it being AI.
00:08But then the CEO came back and said, no, you know what, it was not AI, it was skill gap.
00:12Now, please explain me this.
00:13What the hell is the skill gap that didn't exist for 20 years, 30 years and suddenly existed right now?
00:19It is the safest company in the world is what people used to say when I was in college.
00:22Let go 12,000 employees.
00:23What does a company like TCS do?
00:25They write code.
00:26Now with AI coming into the picture, Mark Zuckerberg literally saying, we don't need middle engineers anymore.
00:31Or someone like Sam Altman saying, open AI is 50% of code being written by AI.
00:35So there are crazy coding agents that are coming out.
00:37And when these models are so good with code, you don't need a lot of humans to execute it anymore.
00:42As a result, they are going to let go people.
00:44And now that the big daddy has made the move, I would not be surprised if this would start a
00:49domino effect.
00:52The amount of money in this Sharon is ill-fucking-same.
00:57There's a guy in our team who makes a million dollars a year making 30-second video ads for brands
01:02all done end-to-end using AI.
01:05Something that was taking production companies crores could be done for a lakh today.
01:09You know, I have people who I know who have built micro-apps, bro.
01:13You know what the app does?
01:14If you upload an image, any AI image, it adds a human-like texture to your skin.
01:18That's all the app does.
01:19The guy makes $30,000 a month just selling that app.
01:22Because a lot of companies want to solve that specific problem of AI.
01:2934 lakhs in one month.
01:3134 freaking lakhs you spent in one month, Sharon.
01:34Bro, what happened?
01:36What happened?
01:36I'll tell you what happened.
01:38In the last one month, you have spent 34 lakhs on ad spends, subscriptions, and...
01:43What the hell am I paying for your creative recharge trip in Goa?
01:47What is that?
01:47Hey, chill, bro.
01:49Those are business expenses.
01:50Let me explain.
01:51Business expenses?
01:52You hear that, everyone?
01:54The fine-eyes Baba has spoken.
01:56Goa trip is business expenses.
01:57If you don't wipe that smug look on your face now, I will swear I'll cancel all your subscriptions.
02:03Especially those AI tools.
02:06Hey, calm down, bro.
02:08What if I told you that there is a way to get 40% off on your subscriptions and to
02:13get 5x reward points on all your ad spends?
02:16Points?
02:17Reward points?
02:19Who will give reward points on your ad spends?
02:22Your cha-cha?
02:22No.
02:24No.
02:24But the HDFC Bank business credit card will.
02:27You get reward points on almost all your business expenses.
02:30From SaaS tools to subscriptions, ad spends.
02:33Everything.
02:34You're messing with me, right?
02:35Please.
02:36I am not.
02:37You get 5x reward points on Google Ads and Metads and 1.3 lakhs of annual savings on key business
02:44expenses like taxes, travel and bills.
02:46You also get up to 40% instant discount in AWS and Google workspace.
02:51You also get a free Amazon Prime membership or a voucher of 1500 rupees.
02:56And the best part, you get up to 55 days of credit free period of 0% interest rate.
03:0355 days.
03:05Very interesting.
03:06How can I get this card, employee of the month?
03:09Get the HDFC Bank business credit card powered by Visa and start running your business like a true boss.
03:16And the link is in my bio.
03:19Sharad.
03:20I'm buying a house in Bandra for 5 crores.
03:22What do you think?
03:235 crores?
03:25Oh my god.
03:26Is that too much for you, Mr. Selfmade Millionaire?
03:28I mean, I have to sell all these mutual fund stocks and all for that.
03:32Relax, Kanjus.
03:33I just need 1 crore down payment.
03:36Why would you take a home loan when I'm a millionaire and I have all this money?
03:39Because I can save up to 2 crores.
03:43Explain yourself.
03:44So basically, if you go to the bank and you take a 4 crores home loan for 20 years for
03:498.5% interest rate, you will end up paying only 8.3 crores to the bank.
03:55Which is...
03:56Exactly.
03:57Why would you want to pay double the money to the bank?
03:59Are you mad?
04:00Oh my god.
04:00But if you take that 4 crores and you put it in an FD for 7%, you will end up
04:05with 10.5 crores even after paying 30% to the tax.
04:10Hello, madam.
04:10The math is not mathing.
04:12If the FD is 7% interest rate and the home loan is 8.5% interest rate, how did
04:17this FD make more money?
04:18Whatever.
04:19Oh my god, Sharan.
04:20I really thought you were smart.
04:22So basically, loan interest keep falling because the money and the balance keep reducing.
04:26On the other side, FD, it keeps rising and growing because the balance keeps growing and your money keeps compounding.
04:33Oh my god.
04:35Which means if I keep the money in mutual funds and stocks and don't touch it, it will actually make
04:39me more money and better to take a loan only.
04:42Do you want to work for the 1% club?
04:44We have a very high position which is vacant.
04:45Excuse me, offer declined. But if you want more, please follow my man, Finance with Sundus.
04:52The lowest trip ever was 3000 rupees.
04:56What?
04:56I went from Delhi to actually be and I used to love writing and do copy here and there internships
05:02and stuff.
05:02Yeah.
05:03And then I thought if these companies need copy, even hotels need copywriting, even hostels need copywriting.
05:09So I started mailing these places and asking them like, hey, can I like write for your page?
05:14But let me stay at the place for like two, three days and give me the same meals your staff
05:19is getting.
05:20And yeah, that we're good to go.
05:22And so I did this for a bunch of places and it started working.
05:24You just need one place to say yes.
05:26I only paid for my bus tickets.
05:28And literally after that every place I would go to, I would like try to offer them something that I
05:33could do for them.
05:33So that was actually one of the cheapest trips I had done.
05:39Swiss people commute in a very interesting way to work. Can you guess?
05:42Horse?
05:43No.
05:43Bulacar?
05:44No. They jump off the bridge into the water and they flow with the water till the time they reach
05:48the point where they need to get out.
05:50Japan is one country that still has schools that train you in like ninja training, samurai training.
05:56Ninja schools?
05:56Yeah.
05:57What is the lowest budget according to you that you need to plan a trip?
06:003000 rupees.
06:01What?
06:01What are those interesting spots in India where I can probably spend like a month where I can work from?
06:06So in India, Goa is the top one, 100%.
06:09So how much can I expect to spend a month?
06:11So I got an apartment over there, very nice one BHK for 13,000 rupees a month.
06:16Like instead of living in Mumbai or Bangalore, I can move to Goa and pay 20k per month.
06:21Yeah, exactly.
06:22Some people say that why go to Switzerland and Norway when we have just as beautiful mountains in Kashmir?
06:28Because you've been to both these places, how true is that?
06:32So when Ali told me about this idea, I knew it was going to change the way Indians use credit
06:36cards.
06:36Because points aren't just numbers.
06:38There are lifestyle upgrades waiting to happen.
06:40Every year, crores of credit card points are just expiring.
06:44We as Indians don't know how to effectively redeem or even use our credit card points.
06:48That's literally free flights, hotels, upgrades, all left just unused.
06:52Now I've spent years creating India's largest credit card community as that credit card guy.
06:57And today I'm launching Reward Points Club.
06:59Reward Points Club is India's first credit card discovery platform and premium advisory service.
07:05I've seen how Indians spend crores on cards but don't optimize for rewards.
07:09Even I was the same.
07:10We have over one lakh active members in the one person club.
07:13And one of the most buzzing communities in our app is for credit cards.
07:16We have four pillars.
07:18Learn, where we educate people on how to use credit cards.
07:21And this especially helps the younger generation avoid falling into debt traps.
07:25Number two is Apply, where we'll help you find the right credit card that'll work best for you.
07:28Third is Optimize, where we give you expert strategy to maximize and accelerate your reward points.
07:32And number four is Redeem, where we help you redeem your credit card points to extract the maximum value,
07:37be it cash back, luxury hotel stays or free flight tickets.
07:40So if you're someone who spends frequently on flights and hotels, then stop wasting your points.
07:45Check out my website rewardpoints.club, where we help simplify your credit cards and maximize your rewards.
07:51Check out rewardpoints.club right now and make your spends work for you.
07:59Success is something that people see on the outside.
08:01They don't see how many problems that you face.
08:04I would say I'm just somebody who just failed more number of times.
08:08There are days every single month where I'm like, do I need to continue this or should I stop?
08:13But now I'm like, there are 125 people.
08:15So even if you have a bad day, you just need to keep going forward and just grind it out.
08:20So even if you have a bad day, you just need to keep going forward and just grind it out.
08:26Unreal, unreal.
08:28No question if it's my mind.
08:32Ain't no way to waste one year to go.
08:37Can't find me.
08:41So good if it's my mind.
08:45No question if it's my mind.
08:50Ain't no way to waste one year to waste one year.
08:56By 2027, AIs will become so smart.
08:59Where will arrive to an AI which can build itself.
09:02And when AI can build itself, what takes a human six months of training work will happen overnight.
09:09If AI wants what you want, then AI is aligned.
09:12If AI doesn't listen to what you want and does on its own front, then it's a misaligned AI.
09:17All these dystopian movies that you see, right?
09:19When that happens, you don't have a control of it because you don't know the language it speaks.
09:22You don't know how it works.
09:23So you have zero control on that AI.
09:25As a result, that AI could be so powerful that it could come to a point where human extinction could
09:31happen.
09:31If we don't slow down AI by 2027 is what the report says.
09:37A second-hand car allows you to always punch above your weight.
09:40If you're making about 20 lakh rupees per year, your in-hand salary is going to be about 1.25
09:44lakh rupees per month.
09:45Yeah.
09:46Which means that you should be ideally not spending more than 12,000 to 15,000 rupees per month to
09:50buy a car over four years.
09:52Yeah.
09:52So ideally, that's going to get you somewhere about an 8 to 10 lakh rupee car.
09:56That's if you buy a brand new.
09:57But now, the moment you get into the second-hand car market with a 20 lakh rupee CTC,
10:00you'd be spending 8 to 10 lakh rupees, but you'd probably be getting a significantly better car.
10:04Honda City, maybe like a 2015 model, which will get you at least another five years.
10:08You can find that for even 3 lakh rupees.
10:10If you went for a brand new car, you'd probably end up buying something like a Celerio.
10:13A Celerio versus even a 10-year-old Honda City.
10:15A Honda City makes a lot more sense.
10:17But now, let's say that you're someone that's making 1 crore a year.
10:19At that point in time, you also have to understand that cars are a depreciating asset.
10:23If you're someone making 1 crore a year, there's so much that you can be doing to grow that money.
10:27Correct.
10:27And the smartest thing at that point in time as well, I would say, buy a second-hand car.
10:31You might have the potential to buy a 70 lakh rupee Mercedes if you really wanted to,
10:34but that's not the smartest thing to do.
10:36So I would always recommend a second-hand car.
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