Anant Jain, An Entrepreneur, and Industrialist Gets Candid About Financial Management

Entrepreneur Anant Jain is the founder, and owner of Anant Yarn Traders. He has put a lot of effort, knowledge, and expertise into this business. We caught him candid talking about the finances of his life.

On asked, how he likes to spend his money, he replied, “I like to live life to the fullest. You cannot guarantee anything about the future. So, why not live the present and enjoy like there is no tomorrow.” He also revealed that not for any one moment he takes money for granted. It is because he has reached this position only and only after investing his heart and soul in the business and treating it like his own baby. 

He shared a few financial tips for young adults and all millennials out there!

1. You should not spend recklessly and be hesitant. Questioning your choices and purchases will help you decide if those are even necessary or just a part of your spending habit.   

2. You should inculcate a habit of spending regularly. Categorize your list of things to understand in which areas there is a necessary purchase required and where can you save some for future investments.

3. You must avoid any kind of debt if possible. It is proven in the past that debt has crushed many people, especially young teenagers. Entrepreneur Anant Jain believes debt is one of the worst kinds of addiction one can have. Until it is not necessary avoid all kinds of situations that you know will compel you to ask for a loan.   

4. Never depend on other people for financial support. By doing this you are just making yourself more vulnerable and dependent. Today there are multiple ways in which one can earn money through just some clicks. Focus on building your skills and earning.

5. It does not matter how small you are earning at the initial stage. Do not stress much about others' opinions and learn to be financially independent on your terms. It is easy to get influenced by people in your surroundings who are doing great by using certain shortcuts to earn money. It is important to understand that it may not be in your best interest and there is no guarantee that it is going to work for you. Be wise and always forge your path. 

6. Invest in yourself and learn certain courses which will help you in earning money. For instance, gain knowledge about how the stock market works as such courses are one-time investments and in fact, there is a lot of free content already available through which you can learn and earn for yourself.