Exclusive: To Be Better In Personal Finance, One Has To Master Their Emotions; Says Tejas Joshi

Tejas Joshi is a popular finance influencer. He is known for his expertise in simplifying finance with his funny and captivating videos. In an exclusive conversation with whosthat360, he speaks about his journey, tips to manage personal finance, and much more.

Here are a few edited excerpts from this delightful conversation.

What inspired you to become a finance influencer, and what motivates you to continue sharing your knowledge and insights in this field?

I was pursuing Company Secretary and had a lot of fascination with finance but deep down I always wanted to act. So, from the start, I was just looking for an opportunity where I could showcase my acting skills but couldn't find a way In 2022, I saw that some of the creators were simplifying finance for layman people with skit-based content where they act, and explain things. So, I thought why not give this a try and it worked.

Photo Credit: Tejas Joshi's Team

How do you stay up-to-date with the latest trends and developments in finance, and what resources do you rely on for your research?

So for research, there are multiple sources that I refer to on a daily basis. Finance websites like Money Control, Economic Times, Live Mint, etc publish very interesting and insightful articles which I look into as they give me a glimpse of the development happening in the world.
Also, it is very important to check the credibility of the information which we share as a finance creator so I have to deluge deeper once the topic is confirmed to check its authenticity on different websites and research reports.

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A post shared by Tejas Joshi | Finance (@tejasjosh.i)

How do you balance your own investment strategies and personal financial goals with your responsibilities as a finance influencer?

I manage all my money by myself only. Most of my money is parked into equities as I consider my risk appetite to be high. But what works for me doesn't mean it will work for others as everyone has different goals and risk appetite. That's why understanding personal needs should be the priority before investing anywhere.

What role do you see social media playing in the future of finance, and how do you think it will continue to evolve in the years to come?

In recent years, social media has massively increased the awareness of finance and people are now more curious and fascinated with this subject even than before. I think as people are getting more aware of this subject only authentic and credible creators will sustain as people are much smarter.

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A post shared by Tejas Joshi | Finance (@tejasjosh.i)

What are some of the most common misconceptions people have about finance, and how do you address those misconceptions in your content?

One of the biggest misconceptions people have about finance is that they think they must have a finance background in order to understand this subject. They think it's very complicated.
Actually, it's not their fault completely to think this way cause some news channels and so-called finance gurus have created so much unnecessary jargon to complicate this subject.

What do you think are the most important skills for individuals to develop to be successful in managing their personal finances?

One-word Discipline. From Investing to spending, discipline is the key. Having patience while investing is discipline. Not spending on unnecessary wants is discipline. I think to be better in personal finance, one has to master their emotions as most of the bad financial decisions happen not because one lacks information but because one cannot control their emotions.

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A post shared by Tejas Joshi | Finance (@tejasjosh.i)

Could you share some success stories or feedback from your followers that demonstrate the positive impact of your financial education content?

In one of my videos, I've used a still-dre song by Snoop Dogg as background music. That time it was completely random but one of my followers suggested that use that song on my video every time I explain things as it looked cool. Now that song is mandatory in every video because people just love it and it makes the content more engaging.

How do you approach simplifying complex financial concepts and making them relatable to a wide audience?

I try to simplify finance concepts by explaining them via comedy sketches. So instead of just explaining the topic directly, I add some fun elements in the video like cool characters, and funny lines so that when the viewer watches, they feel like they're consuming entertainment content but at the same get educated as I integrate finance in a fun way.

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A post shared by Tejas Joshi | Finance (@tejasjosh.i)

What advice do you have for someone who is just starting on their financial literacy journey? Where should they begin, and what key principles should they keep in mind?

For someone who is just starting, I would suggest they first understand the basics right. Like what is Nifty, how the share market works, what are mutual funds, etc. This information can be easily obtained from various sources like YouTube, news articles, etc.
One website which I like the most is Zerodha Varsity where they've curated all the necessary finance info from beginners to advanced level and that too for absolutely free.

What message do you have for aspiring digital creators?

I would say be consistent if you want to be a content creator. I've seen lots of people who started creating content but after a few days when they didn't get any results they stopped creating. Everything takes time and in content creation, consistency is the key.