Here is a small story behind TW2 -or TheWeathWisher. I am a 15 year plus professional in Personal Finance. I have really experienced the “pain” of mis-selling & joy of planned life that the investor undergoes through in the process of building a portfolio of assets for himself. So, it was a well-planned decision when I moved to Wealth Management from convincing Mutual Fund Distributors to sell my product.
I help and extend services to ease the pain and gain self-reliance and make honest investments through knowledge sharing and empowerment.
Although I started to managing thewealthwisher.com (TW2), from October 2015 but the journey in Personal Finance Industry started 15 years ago. I started working in 2002 August when I was in my final years of Business Management. My aim was to join the financial industry but ironically got placed in Brand Management with one of the India’s Leading Consumer Durable Company. This was the best offer that my college could provide and the irony of life was that my girlfriend also got placed at the same company and same location. So I knew that with the job, I would get a solid life partner too.
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When you get something the brain starts counting the pros and cons. I started asking myself, what was I doing? I had that calling- the inclination to learn finance but I was giving up for money and ease. The thought of a “settled life” was suppressing my passion. It was not an easy decision as the company was paying me Rs 11000 pm during the internship and a handsome package on getting confirmation. I came from a middle-class family with limited income, so it was a lot of money.
But as they say, when calling comes, you sail. I rejected the campus offer in August 2002, and came back to join Bajaj Capital for Rs 1000 pm as a trainee. Yes from 11 k to 1k – for my passion.
I worked at this level and salary for around 8 months learning the basics of personal finance. I was lucky to have seniors as friends who trained me hard, engaging during late hours at odd places- like bar or parking lots. At the end of 8th month, my manager and the first boss got me interviewed and finally I was on confirmed rolls of a leading company which was a financial supermarket.
After this landing, my journey started and my confrontation with truth started happening. Although I was born in a Rajasthani family but I was never spoon-fed the Marwari traditions of managing money. I was new and raw to this world where billions change hands every day.
For the next 14 years till today, I was privileged to see the 3 Dimensional image of the financial world.
In the real or 2D world you see only two aspects of a financial product and these are- you have a need and someone, usually a middleman, an agent or financial planner cater that need. You have savings and need regarding safety, return expectations, time of investment etc… The advisor takes consideration of your requirements and selects the best product for you… not the solution.
In the third dimension, the Savings and Need exist but the advice gets contaminated because of the third dimension called greed. Yes- the advice is biased or there is an absence of advisory. Poor investor becomes the scapegoat and his concerns are sacrificed.
There were good stories too… I have seen advisors turning down offers which will bias their advice. I have seen financial planners turning someone’s life. Goals being fulfilled, prosperity, client turning wealthy and stress-free. I have seen advisor going an extra mile and even at the risk of spoiling his cash flow and relation, he stops an investor from committing a blunder.
It’s a huge sea… where sharks and dolphins swim together.
Moral of the story…
If you know pros and cons of a thing it’s your responsibility to educate. Investors are not informed in the financial advisory hence the gap is wide. They do not know what they are subscribing to… they do not hire right people and above all, they do not ask right questions.
Here comes the importance of Knowledge. Investors do not need to be an expert in finance but he should have the conventional wisdom to know what’s wrong and what’s right. If he is taken for ride, he should be smart enough to know it.
And… that’s what I do …
When I know something I want to spread it. Make people aware so that no more financial lives are sacrificed and no more scapegoats.
This website is my way of imparting my experience of the financial world, sharing the insights, gaining the wisdom and exposing the truths… yes, the dark ones too.
It’s a long journey ahead and I welcome you as my companion… as you surf various pages of thewealthwisher.com
With warm regards
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Radhey Sharma founded thewealthwisher. I thank him from bottom of my heart for trusting me to take his creation ahead.