Discover how true wealth is built—not just with money, but through discipline, smart investing, and the power of knowledge and networks. Curated by Storise Studio based on ideas shared by Gobinath Chandran.
Welcome to a transformative journey into the world of wealth and business, as revealed by Gobinath Chandran in his insightful speech. Far from us conventional wisdom, these discussions peel back layers of common misconceptions, offering 'hidden money-making secrets' and 'shocking truths' about how true prosperity is built. This isn't just about earning more; it's about understanding the deeper mechanics of money, investment, and personal discipline. Get ready to challenge your assumptions and embrace a new perspective on building lasting wealth.
So, let's begin by redefining what we even mean by 'investment'.
Summary
Gobinath Chandran's insights offer a profound shift from conventional thinking about money and success. His core message is clear: wealth building is not merely about earning more; it is about intelligent management, strategic decision-making, and profound self-awareness.
By focusing on daily actions, continuously developing ourselves, and applying these foundational principles, we can move beyond simply earning to truly building wealth and living a life of economic discipline and genuine prosperity. The path to becoming a 'super rich' individual lies in this profound shift in understanding and approach.
Redefining Investment Beyond Just Money
Often, when we think of 'investment,' our minds immediately jump to money. However, Gobinath Chandran challenges this 'narrow mindset,' stating that 'those days are over'. For the truly wealthy, money alone isn't the sole form of investment; they don't 'worry about what foxes and sheep are talking about them'. Instead, a broader view of investment is crucial.What truly counts as your investment?Your Network: If you possess a strong network, 'that is your investment'.Domain Expertise: If you understand that you have...
Beyond "Just Like That" – The Perils of Trend-Chasing
It's tempting to look at every successful business and think, 'I could do that!' or to see a trend and jump right in. However, Gobinath Chandran cautions against this 'old mindset' of turning 'everything you see into a business'. He points out that many coffee shops emerged from this very thinking – 'we go to a coffee shop, it looks nice and simple, let's open one ourselves'.The harsh reality is that you 'cannot do a job just like that' anymore....
Technology: A Tool, Not the Business Itself
In today's fast-paced world, there's a strong tendency to chase every new technological advancement. However, Gobinath Chandran makes a crucial distinction: 'Technology is not business; technology incorporation is business'. He highlights that many people are 'rushing after technology' simply because it exists.A technology only benefits you if it is 'correctly used to accelerate a specific task through technology or to multiply its profit'. For instance, the speaker notes that while AI, AGI, and ASI are emerging, the real intelligence lies...
The Unseen Journey: Consistency and Patience Are Paramount
In an era of instant gratification, it's easy to assume that success happens overnight. Gobinath Chandran vehemently counters this perception, reminding us that 'nothing comes easy'. When we see someone rise rapidly, whether in cinema, politics, or other fields, 'we think they came yesterday and won today' because 'we see them at the pinnacle of their success'. However, many successful individuals have a long history of struggle and consistent effort.He stresses that 'Consistency and patience are much more important'. There's...
Wealth Management: Beyond Just Earning More
Many people believe that 'you can become rich only by earning more'. However, Gobinath Chandran states this isn't entirely true. If earning alone made people rich, 'this generation should have produced countless rich people'. The key difference between successful people and ordinary rich people lies in how they manage their wealth.There are two types of wealthy individuals:The Accumulator: One who continuously 'works hard and makes their money bigger'.The Saver: Another who earns moderately but 'continuously reduces their expenses'. 'Saving money...
Investment vs. Expense: A Crucial Distinction
This is perhaps one of the most fundamental principles of financial wisdom: the ability to discern between what truly adds value and what merely costs you money. Gobinath Chandran emphasizes that 'knowing what is an investment and what is an expense is the primary knowledge' in today's market.He illustrates this with a powerful example: a wealthy industrialist who drives a two-crore very expensive car. An ordinary person might see this as a symbol of luxury and aspire to buy a...
Navigating Debt: Know When to Borrow, When to Avoid
Debt is a double-edged sword, and navigating it requires a clear understanding of its purpose. Gobinath Chandran highlights a major contemporary issue: the pervasive influence of 'EMI culture'. Advertisements often quote only the EMI or the Equated Monthly Installment amount, not the full price, making expensive items seem affordable. This tricks the mind into thinking the item's 'price is just 11,000 rupees' when it's much more.He strongly advises against taking loans for things that have high 'depreciation'. We often borrow...
Wants vs. Needs: The Foundation of Financial Discipline
The market constantly bombards us with temptations, often blurring the lines between what we truly need and what we merely desire. Gobinath Chandran stresses that understanding the distinction between 'desire and necessity' is vital.The market 'influences us to believe that carrying a gadget is a matter of prestige'. This pressure to 'show off' leads us to believe that 'the world values us based on the things we own'. While there might be some truth to this, continuously chasing such external...
Resisting Market Influence and the "Show-Off" Culture
In a world driven by trends and social media, the pressure to conform and 'show off' can be immense, especially for young people. Gobinath Chandran brings back the 'lion's story' from earlier: 'a lion never worries about what the fox and the sheep are talking about him'. Similarly, 'rich people never care about such things'. They focus on 'their preferred journey towards success'.The desire to 'show off' stems from a belief that 'this world values me based on the things...
The Power of Today: Building Long-Term Success Incrementally
While it's natural to have 'long-term goals,' Gobinath Chandran advises against getting 'stuck about the long term thing'. Over-focusing on the distant future can lead to losing 'other opportunities' that arise in the present.Instead, the emphasis should be on daily, consistent effort and continuous personal development:'Do the work properly today'.'Plan tomorrow'.'Develop yourself every other day'.By doing so, 'automatically you will reach your long term' goals. The dream itself 'will not take you there'; it's 'this day that is going to...
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About the Author
Gopinath Chandran is an Indian television anchor, radio jockey, journalist, and entrepreneur, famously known for hosting the STAR Vijay debate show Neeya Naana. Born on July 4, 1975, in Aranthangi, Tamil Nadu, he is also a bestselling author of several books on personality development and other topics, and has worked with media outlets like Jaya TV, NDTV, and CNBC TV-18.
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