Job vs Business ! नौकरी करें या बिजनेस ! By Dr. Vikas Divyakirti Sir ! पैसा कैसे कमाएं ?

UPSC Edu. Fact

28 Oct 202305:53

Summary

TLDRThe script discusses the life choices and financial implications of working for someone versus starting one's own business. It emphasizes the potential for greater financial success and personal fulfillment through entrepreneurship, even though it involves risks and initial struggles. The speaker highlights the importance of understanding one's life goals, whether it's financial gain, power, or societal change, and encourages taking risks and trying at least once to pursue one's dreams.

Takeaways

😀 The speaker reflects on a conversation about the financial implications of a 30-year career, highlighting the cost of living and the expenses that come with raising children.
💼 The individual has worked for 30 years and is nearing retirement, with three years left until they stop working. They have managed to buy a house in Noida, which is considered more affordable than Delhi.
🏠 The speaker mentions that buying a house in Delhi is difficult for those working there, and many opt for nearby areas like Noida, Indirapuram, and Gurugram for more affordable and good quality housing.
💰 The person retiring has saved around 10 lakh rupees in cash and has invested in schemes that will provide a monthly income of 50-60 thousand rupees, ensuring financial security for their family.
👨‍👧 The speaker inquires about the retiree's children's careers, learning that one is in the software industry and another is interested in journalism and will start working soon.
📈 The speaker discusses the potential success of starting a business instead of a lifelong career, using the 'unicorn' analogy to illustrate the rarity of such success but also the possibility with effort.
🚀 The speaker encourages the idea of taking risks and trying to start a business, emphasizing that the effort put in over three years could lead to success, as per the 'golden rule' of three years.
🤔 The speaker ponders what could have been if the individual had started their own business 30 years ago, suggesting that they might be employing hundreds or thousands of people today.
💹 The speaker compares the potential value of a business after 30 years of hard work to the individual's current salary, suggesting it could be 50 times greater or even 1000 times more valuable.
👶 The speaker advises that the retiree's child, who is about to start their career, could benefit from the struggles and experiences of their parent, potentially starting from where the parent left off.
🌟 The speaker concludes by urging people to understand their true desires in life, whether it's to earn money, gain power, or make a societal impact, and to take the necessary steps to achieve those goals.

Q & A

What is the main topic of the conversation in the script?
-The main topic of the conversation is about the comparison between a career in employment and starting one's own business, the financial implications of both, and the potential for success and fulfillment.
What does the person in the script imply about the salary after 30 years of work?
-The person implies that after 30 years of work, the monthly salary might be around 1.5 to 2 lakh rupees, and that the total earnings throughout the career would be roughly equal to the total expenses due to increasing costs of living.
What is the significance of the location Noida mentioned in the script?
-Noida is mentioned as a location where many people buy homes due to its proximity to Delhi and relatively lower and better housing options compared to Delhi.
What retirement savings does the person in the script claim to have?
-The person claims to have invested in some schemes and will have 10 lakh rupees in cash upon retirement, with an expected monthly income of 50 to 60 thousand rupees from the investments.
What is the person's opinion on the children's career choices mentioned in the script?
-The person mentions that one child is in the software industry and the other wants to work in media or journalism, implying that they are supportive of their children's career aspirations.
What is the 'Unicorp' mentioned in the script, and what does it symbolize?
-The 'Unicorp' mentioned in the script seems to be a metaphor for a unique, single-horned horse, symbolizing a rare and successful startup or business venture.
What is the 'Golden Rule' of three years mentioned in the script?
-The 'Golden Rule' of three years refers to the idea that if a business or venture is well-managed and invested in properly for three years, it is likely to achieve success.
What does the person suggest as an alternative to a 30-year career?
-The person suggests starting one's own business or enterprise as an alternative to a long career, highlighting the potential for greater financial success and personal satisfaction.
What is the person's view on the importance of taking risks in life?
-The person believes that taking risks, at least once in life, is important for personal growth and achieving success beyond a regular job, such as starting a business or pursuing a passion.
What advice does the person give regarding understanding one's own values and aspirations?
-The person advises to understand what one truly wants from life, whether it's financial success, power, or the ability to make a significant societal impact, and to pursue those goals accordingly.
What are some of the career paths suggested in the script for making a societal impact?
-The script suggests becoming a civil servant, a judge, or entering politics as career paths that can lead to significant societal change and impact.

Outlines

00:00

💼 The Struggle and Success of a Salaryman

This paragraph discusses the life of an individual who has been working for 30 years and is nearing retirement. The person reflects on his salary, which has likely increased to around 1.2 million rupees per month, and how his earnings have been spent on increasing expenses over time. The individual has managed to save some money and invest in schemes, expecting a monthly return that will help cover his expenses post-retirement. He also talks about his children's career choices and the potential for them to start earning, which could further support the family financially. The speaker then contrasts this life with the idea of starting a business, highlighting the risks and rewards associated with entrepreneurship and the potential for greater success and financial freedom.

05:02

🚀 Encouraging Entrepreneurship and Social Change

In this paragraph, the speaker encourages the audience to consider entrepreneurship and the potential for social change. He questions why people do not take more risks, such as starting a business or even running for office, to make a significant impact on society. The speaker emphasizes the importance of identifying one's true desires in life, whether it's wealth, power, or the ability to influence change. He suggests that starting a business or entering politics are two avenues through which individuals can achieve their goals and make a difference in the world.

Mindmap

Keywords

💡Retirement

Retirement refers to the point in an individual's life when they cease employment completely. In the script, the concept of retirement is discussed in the context of a person who has worked for 30 years and is nearing the end of their career. The individual is expected to retire in 4 years and has financial plans for their retirement, indicating the importance of planning for one's post-employment life.

💡Salary

Salary is the fixed remuneration paid to an employee by an employer in exchange for work done. The script mentions the individual's monthly salary, estimating it to be around 1.5 to 2 lakh rupees, highlighting the financial aspect of employment and its role in meeting life expenses.

💡Expenses

Expenses are the costs incurred by an individual or a family for various needs. The script discusses how the person's earnings have been roughly equal to their expenses over the years, emphasizing the balance between income and outgo in financial planning.

💡Children

The script mentions the person's children, who are three to four years old, and their future plans. It also talks about the children's career aspirations, indicating the influence of parents' employment and financial status on the next generation.

💡Investment

Investment in the script refers to the financial schemes the individual has put money into, which will provide a monthly return after retirement. This shows the importance of investment as a means to secure financial stability in the future.

💡Entrepreneurship

Entrepreneurship is the process of designing, launching, and running a new business. The script contrasts the person's employment with the idea of starting their own business, discussing the risks and potential rewards of entrepreneurship, and how it could lead to greater financial success and job creation for others.

💡Success

Success in the script is discussed in the context of both employment and entrepreneurship. It is suggested that with hard work and perseverance, one can achieve success, whether in a corporate job or by starting a business. The speaker also mentions the 'three-year golden rule' as a benchmark for achieving success in a venture.

💡Risk

Risk is the possibility of loss or injury. The script highlights the risks associated with starting a business, using the metaphor of 'unicorn' to illustrate the rarity of highly successful startups, and encourages the consideration of entrepreneurship despite these risks.

💡Career

Career refers to the professional path or occupation of an individual. The script discusses the person's 30-year career in employment and contemplates the alternative path of entrepreneurship, showing the different career trajectories one can take.

💡Happiness

Happiness in the script is associated with the speaker's decision to leave employment and start their own business. It is suggested that the fulfillment derived from creating jobs for others and running a successful business can be a significant source of personal satisfaction and happiness.

💡Politics

Politics is mentioned in the script as a field where one can effect significant societal change. The speaker encourages considering a career in politics for those who wish to make a substantial impact on society, indicating the power and influence that comes with political roles.

Highlights

Discussion on the long-term financial implications of a 30-year job.

The speaker predicts that the person's monthly salary might be around 1.5 to 2 lakh rupees, considering the cost of living.

The person has worked hard and earned money, but expenses have also increased accordingly.

The person is expected to retire in 4 years and has bought a house in Noida, which is considered affordable compared to Delhi.

People working in Delhi often buy houses in nearby areas like Noida, Indirapuram, and Gurugram due to affordability.

The person has saved around 10 lakh rupees in cash and has invested in schemes that provide a monthly return.

The person's family will be financially secure with the investments made and the expected returns.

The speaker asks about the person's children's career plans, one is in the software industry and the other is interested in media and journalism.

The speaker introduces the concept of 'Unicorp', a single-horned horse from European mythology, to illustrate the rarity of successful startups.

The speaker encourages the person to consider the potential success of starting their own business after 30 years of work.

The person's business could potentially be 50 times more profitable than their current salary after 30 years of effort.

The speaker emphasizes the importance of recognizing one's own values and life goals.

The speaker suggests that if the person had started their business 30 years ago, they might be employing thousands of people today.

The speaker highlights the satisfaction of having made a significant impact on society, such as supporting 1800 families.

The speaker discusses the potential for a child to start their career in the same field where the person left off, gaining an advantage.

The speaker encourages taking risks and trying entrepreneurship as a way to achieve financial success and personal fulfillment.

The speaker concludes by advising the person to understand their desires in life and to consider entrepreneurship as a viable path.