Duration 20:38

How to become rich easily Book summary of the richestman in babylon in Nepali

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Published 9 Jun 2020

This channel's videos help to understand the finanacial education by financial literacy courses and videos in Nepali Languange throughout Nepal and in multiple languages worldwide.The primary purpose of the video is to provide the deep knowledge of finace, saving,spending,earning,investing and to know the risk of the money in investment.Nepal's financial market is small.people have diversified theirs money in share market, in real estate, in gold, in silver and other commodities.Some have planned for long term investment and some have for short term investment.Here four asset classes have in good to do any kinds of investments. stock market in Nepal is doing good often but recently under recession after inflation of economy.companies are not performing well dues to crisis and hence its income, profit has decreased in short term but there is a big chances of economic growth in Nepal in near future.Share bazaar, Share market or stock market is not open now. Companies here are now not in the good position to provide bonus or dividend to the shareholders. Similarly mutual fund is suffered. Investment on Bond and debenture is also affected. Bank has decreased the prices in interest to speed the depressed economy. All the loan interest has been changed.Banks have announced to give some percentage of discount in bank's EMI payment as a relief to the public.There is a chances to get discount on fees, penalty by the banks. Debit card, credit holders are increasing.Digital money concept coming.In future bitcoin may also come in existences.Online money payment is adapted in Neal. Banks has also decreased the interest rate on fixed deposit, FD and cash saving account. Home loan,OD loan, business loan's interest rate has goes down Nepali currency value is decreasing due to inflation in economy.The fiat Nepali currency is not able in hedging its value. People are interested to invest in gold and silver currently.Dollar and Nepali currency are competing in its value. NRB, central bank of Nepal,Nepal Rastra Bank is making good management on money control with the banks. Insurance business here is growing this time.Fake money is also headache.real estate price has decreased.house and land are sale on cheaper price.It was very high now it is low.having no money is problems this time. cash is king.Big purchase has supressed because of high risk, volatility and liquidity.Budget rules ,company rules, tax rules, debt rules, debt and taxes are not under control.Deep knowledge and skills is required for the security of money, banks,financial institutions,company, organization,all SMEs, retails, trading, merchandising to servive.Muliple sources of income, getting extra income are hard. Financial freedom is tough.Investment portfolio needs to be managed. #financialfreedom #financialeducation #financiallitracy #quickrichformula This video is made for the people who have the great intension to be rich. But to be rich and successful is not so easy.We need great descipline and great control on our behaviour, then only we can think about this. Here in this video I have taken the way of being rich as the path shown in "The richest man in Babylon".This video is made in Nepali language.

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