How many of you find financial jargons confusing. There are so many terms that we hear - debt, elss, liquid funds blah blah So many fin- influenzers telling something or the other on social media and with time to fill ITR nearing closer its all more bombardment.
Do you think a need of much simpler explaination?
Note them and lookup their meaning on the internet for a month. They’d became natural to you
Best ignore all of these and use chatgpt. Ask chatgpt to explain to you like a 10 year old kid.
It’s fairly easy to understand any jargon once you realise the underlying reason for its existence. Would you rather say debt or “amount of money owed to some entity”? You need to define terms to reduce the words required to explain it.
As I came across people from various backgrounds, I see a very motive driven purpose for the need of Financial Education in India. What do you guys think ? People aren't aware about basic terms like assets/liabilities, Why do we file tax...
Why is there such a low penetration of credit cards in India ?? What problems do guys face in relation to credit cards and needs to change ??
How do you folks go about remembering what to do when with regards to basics of tax planning ?
Things like using all the various tax exemption levers LTCG,investing in 80C etc
PS:Noob alert !
