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This Sweeper Made 55,00,00,000 Working at a Grocery Store | Investing Story | Business Case Study - YouTube
Channel: Aditya Saini
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Think you wake up one morning
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And suddenly you get Rs 55 crore
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So what will you do with that money?
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But! If I tell you that a man who was a sweeper
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Used to sweep and mop the shops
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used to wear torn clothes
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but his net worth was 8.3 million dollars
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Ronald Reds was a sweeper, who used to sweep and mop inside the shops
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But when he died at the age of 92 years, his total net worth was 8.3 million dollars i.e. more than 55 crores.
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And know what is the funny thing, no one in his family even knew that he is so rich.
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This story is an example in itself, a guide book for those who always think that
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that it is more difficult to become rich and they will never be able to become very rich in life
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There are some such financial lessons hidden in Ronald Red's Journey, which you can also become rich by understanding
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Whether you are in 10th class or working
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This video will change your life, so watch till the end
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This video is brought to you by kotak cherry, which we will talk about next.
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So this story begins in 1940
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When Ronald Reds, who lives in Vermont, starts working at a gas station after completing his diploma
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Ronald Reds was not very skilled, so he kept working at the same gas station for 34 years to meet his expenses.
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And with his hard earned money, Ronald Reds took a house worth $12,000
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inside which he and his family lived
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Every morning on his way to the gas station there was a local memorial hospital.
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In whose cafeteria, he used to sit in the morning and have breakfast of coffee and peanut butter toast
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Years Passed And Finally In 1979 When Ronald Rand Was 58 Years Old he Was Retired From That Gas Station
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but he still wanted to work
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So by going to a grocery store near the same gas station, he joins the job of a janitor.
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And guess what, he went there and worked for 17 more years.
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If you see any sweeper, what question will come in your mind?
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Definitely this man is very poor
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he definitely needs help
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why shouldn't I help him?
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But It Wasn't Distinctly With Ronald Reds
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When Ronald dies at the age of 92, his family comes to know that he was actually a multi-millionaire.
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But now the question comes that how did a sweeper become so rich after all?
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And if he was so rich then how did no one even know in fact his family that he is so rich
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Well to understand this, it is more important for you to understand the difference between Rich and Wealthy.
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You look around you, seeing whom do you feel that he has a lot of money or he is very rich
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Obviously the person who has good house, good car, good watches, good shoes,
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looking at all these things, we feel that this person is very rich.
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but it doesn't happen
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Now look what a wealthy person has
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STOCKS, BONDS, MUTUAL FUNDS, REAL ESTATE INVESTMENTS, BUSINESSES
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But you know what, Rich is always visible and wealthy is always hidden.
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The wealth that is in these very simple words is known to you by looking through your eyes.
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But if they are wealth, they have actual wealth, then you will never know by looking at them like this.
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"Wealth is always hidden"
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And know what is the most amazing thing
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Maybe if someone is rich, he may not actually be wealth
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Because shoes, clothes, house, car, all this can be brought through EMI too.
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So it is easy now to show yourself rich by showing off through these things
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But you know what the thing is
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If Someone Is Wealthy He Can Become Rich Automatically
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It is only on his personal choice whether he shows people or not, how much money he has.
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similarly Ronald Read was very rich but he never let anyone know how much money he actually had
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And this thing teaches us a very important lesson
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whose name is minimalism
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Now the biggest problem is that people compare minimalism with scarcity.
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They think that living in a minimalistic means start living in a tightrope and start living a scarce life
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but it's not like that
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The basic meaning of minimalism is that you spend money on those things which are more important for your living.
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And don't spend it on useless things without which you can live your life
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The reason behind Ronald Reid becoming so rich was the ethic of his simple lifestyle and powerful investments.
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Can you imagine that despite being so rich in his 90's, he used to drive a secondhand Toyota
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Once upon a time, when Ronald Reid went to his lawyer, his lawyer saw him, then it came to her mind that he really needed help.
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Because at that time Ronald Reid was wearing a torn coat, a simple shirt, and a baseball hat.
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Infact, not only his lawyer, whenever anyone met him, seeing him, he felt that he was in dire need.
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Ronal Reid was richer than them all in the fetish reality
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I know you are thinking that after all how can someone become so rich just by saving money?
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After all, inflation is also a thing.
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Yes you thought it right and Ronald Reid thought the same thing
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And at the time of Ronald's death, his family learns that he was a Quite Investor.
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And slowly he kept on investing his money in different stocks.
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I know what are you thinking
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That Ronald Reid was a sweeper, wasn't he?
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He had not studied so much, so how did he know after all
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Which stock will grow so much by investing money in it?
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Well the answer is also hidden in the same local memorial hospital
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where he used to go to breakfast in the morning
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After the opening of that memorial hospital when he go to that hospital
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So he see that hospital cafeteria closed
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When he goes and find out, he comes to know that the cafeteria is closed.
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After which he goes to a nearby coffee shop whose name is friendly.
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Inside the same coffee shop he finds
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the development director of Memorial Hospital.
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They suggest to them that there is a library shop open nearby.
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Why don't you go and try to read some books
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On hearing this, Ronald reaches the library.
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And after reaching the library, Ronald gets his library card made
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and starts borrowing some books.
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And all the books he borrows are mostly related to
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stock market or personal finance.
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plus his favorite newspaper The Wall Street Journal
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What he used to read daily became the biggest guide of his journey.
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Whenever Ronald Reid got time,
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he used to study the stock market and plan his investment.
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There were a total of 95 stocks in Ronald Reed's portfolio.
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Including Healthcare, Telecom, Consumer Goods, Railway Transport,
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public utilities and banking communities
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But the question is, how did Ronald Reid choose all these stocks?
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The Answer Is Hidden In Ronald Reed's Investment Philosophy
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So look what did he do
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Ronald Reid divided all his money in these two categories
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number one short lived cycle and number two long lived cycle
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Companies that have a forever changing market comes under short lived cycle
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That is, within their business, they get a lot of changes within a very short time.
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like IT industry, infrastructure business , power business,
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telecom business and electronic business
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on the other side
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Those businesses come under Long Lived Cycle,
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whose business lasts same for years.
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very less changes are seen in there businesses
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such as healthcare industries, food industries,
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public utility and to a lesser extent telecom industries.
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But do you know what his Goldmine was?
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So look, his Goldman trick was that he .
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invested very little money by distributing it in a lot of companies
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Instead of putting a lot of money in very few companies
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That is, instead of investing all his money in 30 companies,
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and expecting the growth of 4-5 companies.
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invested his money in 95 different companies
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What Ronald Reed did was not rocket science
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If anyone studies by spending a lot of time
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So he too can become rich by choosing good stocks and good bond investments.
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but there is only one problem
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time and energy
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Most of us neither have enough time to sit and study.
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Nor do we have so much energy left that we can study for the end of the day.
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So have you thought that how can people like you and me become rich?
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And what are those long term opportunities available to us?
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And if you ask anyone to invest, then they will tell you only two ways.
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number one stocks and number two real estates
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But do you know that there is another market
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where you can earn good returns on your investments?
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that market is bond market
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Bond market in India has always been a game of bigwigs
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banks, financial institutes, mutual funds or government
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These are the people who operate inside the bond market.
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but now times have changed
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Now you can also invest in the bond market with the help of Kotak Cherry
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Handpicked Financial Bonds are there by Experts in Kotak Cherry
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Like Kogta Financial India Limited
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Which can give you annual returns of up to 95%
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And not only that, you can also go through Kotak Cherry
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You can also invest in Stocks, Bonds, Mutual Funds, TTFs, and MPS
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You can do both Savings and Investments simultaneously in Kotak Cherry App
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Because with this app you can track your money
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and it is safe and secure for investing
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And if you also want to grow by saving your money
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and investing it at the right place, then Kotak Cherry is the right choice for you.
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I have put the link inside the description box and comment box for all of you
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If you all like this idea then you can also try out cherry
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brought to you by kotak a brand that india trusts
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Ronald Reed did his investments regularly with great discipline.
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And those same investments made him $8.3 million over the long term.
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and let me correct you
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Ronald was not a miser but was a very disciplined person financially
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And he used to spend that money only
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on the things which were most important to him.
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Of course, he used to work as a janitor
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So there was no necessity for him to wear fashionable clothes.
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Being rich and looking rich are two very different things
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So it's up to you to decide whether you want to be rich, look rich
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And the interesting thing is that not only did he become rich
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but he also gave back to the society.
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The local memorial hospital where he used to have breakfast
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He donated $4.8 million to that hospital
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The library from which he gained knowledge of stock market by studying
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Donated 1.5 Million Dollars to That Library
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And leaving 2 million dollars for his children before he left
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In short, all the money that he had earned by working hard all his life,
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he gave back all the money to society
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I hope you got to learn all those financial lessons from this video
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which we are not taught in school and college.
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And if you want to see more such videos
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So make sure to subscribe the channel
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And yes if you want to hear the secret stories of papal mafia
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So must watch this video on the right.
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