Why Finyugen?
What prompted us to launch this Financial Education start up?
- Being the second most populous country in the world, India has only 2 lakh dollar millionaires which is a paltry 0.0156% whereas in many advanced countries the number lasts from 4-10%.
- 95% of the total population has wealth of below $10,000; contrarily remaining 5% of Indians own more than 95% of the country’s total wealth.
- India houses 20.6% of world's poorest; 58% of its total population are living on less than $3.10 per day.
From these data, it is evident that we Indians have not made sufficient wealth. It’s a fact that many of us pocket a decent salary but we fail to convert it into savings. This makes many of the middle class unhappy and that is the reason why most of us are nervous to talk about money. Leave alone the wealth, let us take a deep look at the happiness of the people per se
- According to World’s Happiness Report 2017, India ranks 118th among the 157 countries in terms of its people being happier.
- Many people couldn’t spend quality time with their family.
- Most people don’t like what they do; they are so unhappy with their job
So, the need of the hour is to spread quality financial education amongst the common people. There are very fewer institutions to cater the problem and that is why common people hardly make any wealth.
Here comes Finyugen:
Finyugen is not a conventional company to offer products & services. As Buffet says
“We enjoy the process far more than the proceeds,”.
This clearly emphasises the importance of the process that is the procedure to make wealth. There's an important life lesson in the simple proverb
“Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.”
Money affects in every walks of our life. For example, if our health deteriorates we can’t improve it without the help of money. The child’s education, quality of food, our hobbies, our holiday plans all revolves around the money we have. It is imperative that we should take care of our wealth in order to lead a happy life. Hence Finyugen concentrates on the following three aspects:
