Putting Your Money to Work | Kaveri Bharath | Episode 838

Kaveri Bharath | Episode 838

Kaveri Bharath is a potter in Chennai, in South India. Kaveri now has a rooftop studio with a small gas kiln that she built. The bulk of Kaveri’s ceramic education and exposure came from Ray and Debby of GBP, Pondicherry. Kaveri builds kilns, teaches, and also makes and sells pottery.

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Why put your money to work, isn’t that what people are for, to do the work?

Well there’s a limit to how much you keep working. As I said, you keep running and running to stay in the same place, at some point you want to be able to do something that is more philanthropic or for kids who can’t afford to take pottery class, to do it for free. If you have the luxury that your money is working for you and that is anywhere providing your bread, butter, and jam at home then you are free to do these things. It’s a kind of financial freedom. You are free to choose what you want to do if the money is doing the hard work. You have already worked hard and earned that money, you might as well let it do some work.

If you are taking money out of your budget to have your money work for you does that mean you have to change your lifestyle? Does it hurt to take a chunk of your money out?

No, I’ve never been one to…I hate shopping and I hate buying stuff and I am perfectly happy living in hand-me-downs so it’s not something that I have had to drastically change, but I don’t think anyone needs to. It’s what an author I enjoy says, it’s a scarcity mindset and an abundance mindset. If you think someone has to lose for you to get, that is a scarcity mindset, when you think it’s all finite. Before there was crypto currency it was already crypto. As much is needed the government will produce, so there’s abundance, there’s enough for me to have, for you to have, and the next person to have. There’s always enough to go around. So I don’t budget, I financially plan.

Does it take a lot of money to start the process? Did you need a big chunk of money to start?

Not at all. Not at all. In fact in order to do this course I had to take three months of saving up in order to do it . My bank balance was down to minimum. So at that point and time I decided to do this course, so I actually spent three months saving up in order to be able to pay to do the course but when you tell the money where to go you find more comes in. More teaching jobs came up, more workshops materialized, more things came up.

Isn’t it risky?

It’s a calculated risk. So the more you learn and the more you have knowledge about what you are putting your money in…it’s easy to say put it in stocks but which stocks do you put it in and what don’t you? How do you know? Basically when you understand that buying a stock is buying part ownership of a company so you make sure you study at least ten years of financials and you study the people behind the company and their quality and their ethics and everything thoroughly before you put even put one paisa or cent in that company.

Is it important to get the education on how to do this?

Yes, because otherwise…I could have done it on my own but it would probably take me twenty years to learn what I learnt in a month. Someone has already found out how and there are structures on how to research a company and how to put it into those Excel sheets and how to calculate it. It’s much easier to go through this. It’s like someone’s already done the work. So you are standing on the shoulder of giants in order to see further.

Does the education take the fear out of moving forward in investing?

Absolutely. Absolutely, and the biggest selling point of this course is that it’s not just a course and you get out of it. All those who finish the course, there’s a community, so we are always on a group together and bouncing ideas off of each other.