This week, Monika dives into the power of compound interest. Learn how simple investments can yield extraordinary returns over time, and discover the dual nature of compound interest both as a wealth-building tool and a cautionary tale for managing debt wisely. 

From weighing the pros and cons of taking educational loans to early aspirations of earning and building towards a secure financial future, Monika takes on your questions about navigating the complex world of finances. Tune in as she offers her expert guidance, discussing the importance of financial planning, debt management, and smart investment strategies. 

Chapters:

(00:30 - 05:08) The Power of Compound Interest

(05:22 - 06:38) Opt for an Educational Loan or Let Parents Pay?

(06:40 - 08:07) Entering the Day Trading Market as an Adolescent

(08:10 - 09:52) Helping Parents Manage Loans

(09:55 - 11:55) Building an Emergency Fund and Saving for the Future

If you have financial questions that you’d like answers for, please email us at [email protected] 

Monika’s book on basic money management

https://www.monikahalan.com/lets-talk-money-english/

You can find Monika on her social media @monikahalan. 

Twitter @MonikaHalan

Instagram @MonikaHalan

Facebook @MonikaHalan

This is a Maed In India Production; check us out at www.maedinindia.in

Creative Director: Mae Mariyam Thomas

Project Manager: Shaun Fanthome

Head of Audio: Kartik Kulkarni

Producer: Meghna Gulati 

Sound Editor: Lakshman Parsuram

Artwork: Alika Gupta