12th Pass To BILLIONAIRE - Angel One's Dinesh Thakkar On Cars, Trading, Career & Rich Mindset, TRSH
Ranveer Allahbadia・60 minutes read
Dinesh Thakkar's journey from a 12th pass to a successful businessman emphasizes money management and finding happiness in life's journey, rather than fame. He reflects on his past, highlights the importance of evolving towards one's purpose, and encourages continuous learning for success in business and life.
Insights
- Dinesh Thakkar's journey from humble beginnings to financial success emphasizes the importance of money management for happiness rather than fame, highlighting a shift in perspective towards life's purpose, especially after facing personal challenges like cancer.
- The individual's narrative of financial growth and business experiences underscores the significance of adaptability, perseverance, and continuous learning in navigating challenges, building sustainable businesses, and achieving success, while stressing the need for self-education, experience, and surrounding oneself with knowledgeable individuals for growth in business and life.
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Recent questions
Who is Dinesh Thakkar?
Founder of Angel One, successful Indian entrepreneur.
What lessons did Dinesh Thakkar learn?
Embrace experiences, manage money wisely, prioritize happiness.
What is the focus of Dinesh Thakkar's advice?
Money management, happiness, embracing experiences, continuous learning.
What is the significance of Dinesh Thakkar's journey?
Evolving towards purpose, finding happiness, managing money wisely.
What are the core values emphasized by Dinesh Thakkar?
Money management, happiness, continuous learning, adaptability.
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Summary
00:00
"From 12th Pass to Luxury Car Enthusiast"
- The guest, Dinesh Thakkar, is the founder of Angel One, a company that recently spent Rs 410 crore on IPL branding.
- Dinesh Thakkar started as a 12th pass and is now considered one of the most successful Indians of his time.
- His passion for luxury cars began in 2003, leading him to acquire various vehicles after years of hard work.
- Dinesh Thakkar's journey from 1988 to 2015 involved significant financial growth, allowing him to fulfill his childhood dream of owning luxury cars.
- He emphasizes the importance of money management over fame, suggesting that happiness should be the ultimate goal.
- Dinesh Thakkar believes that happiness can be found in various ways, such as driving cars, going on vacations, or supporting others.
- He highlights the shift in his perspective towards happiness over money, especially after being diagnosed with cancer in 2020.
- Dinesh Thakkar reflects on his past mistakes and advises his younger self to embrace the experiences that shaped his journey.
- He shares a pivotal moment in 1991 when he decided to guide and advise newcomers in the market, leading to significant success.
- Dinesh Thakkar's life story underscores the importance of evolving towards one's purpose and finding happiness in life's journey.
17:26
Navigating Business Challenges for Success
- The individual didn't personally spend nearly Rs. 1.5 crores, acquiring the funds from their close circle, which they consider theirs.
- They are now contemplating how to repay the Rs. 1.5 crore, focusing on earning more money to increase it to Rs. 2 crore.
- Starting a business to generate income, they emphasize the importance of alertness and adaptability during crises.
- Reflecting on past experiences, they note the lessons learned from both good and bad phases, avoiding naming individuals but focusing on actions taken.
- Engaging in the textile business, they stress the significance of trust and the challenges faced when dealing with manipulative individuals.
- Transitioning to the stock market, they discuss partnerships, investments, and the impact of market manipulation on their experiences.
- Encountering difficulties in real estate dealings, they highlight the choice to prioritize business growth over legal battles, emphasizing the importance of perseverance.
- Sharing a personal anecdote about a generous friend covering a hefty clubbing bill, they underscore the impact of such incidents on motivation and business aspirations.
- Emphasizing the need to adapt to changing trends and technologies in business, they stress the importance of self-education, experience, and surrounding oneself with knowledgeable individuals.
- Concluding with the significance of continuous learning, adaptability, and seeking guidance from professionals to navigate challenges and achieve success in business.
32:20
"Modeling growth, IPL addiction, business strategies"
- The speaker reflects on their journey of growth and learning from mistakes in modeling.
- They highlight the evolution in modeling techniques, from taking years to a single day.
- The speaker emphasizes the importance of self-awareness in identifying gaps through drawing.
- They discuss their addiction to cricket, particularly the IPL, and its impact on business focus.
- The speaker delves into the financial aspects of IPL, including TV rights and marketing strategies.
- They touch on the significance of investments in big events and the business logic behind it.
- The speaker stresses the need for a core mentality in every business, drawing parallels with IPL strategies.
- They share insights on financial core mentality and the importance of ROI in business expansion.
- The speaker discusses the responsibility of managing capital and the impact on business growth.
- They emphasize the importance of mentoring and passing on knowledge for sustainable business growth.
47:14
"Success through dedication, hard work, and belief"
- The importance of dedication in a company's success is highlighted.
- Hard work and sacrifice are emphasized as essential elements.
- Family support and belief are crucial during challenging times.
- The transition from a family-run business to a professional one is discussed.
- The significance of believing in one's business and giving it time is stressed.
- The impact of Mukesh Ambani joining the business is noted.
- The necessity of working together professionally is underlined.
- The changing dynamics of India's youth and their role in the economy are explored.
- The importance of investing in equity markets for long-term wealth creation is explained.
- The journey of building a successful business and the need for strategic investments are detailed.
01:02:11
"Empowering Youth for Financial Success Amidst Fintech"
- The focus is on youth aged 27-28 and their need to understand mutual funds and artificial intelligence tools for machine learning.
- Emphasizes the importance of studying one's profile to determine the right financial solutions for the future amidst the fintech revolution.
- Discusses the necessity of hard work, dedication, and confidence in one's vision, highlighting the importance of enduring pain and suffering for success.
- Mentions the significance of having a long-term vision, learning from mistakes, and being constantly agile in pursuing one's goals.
- Encourages maintaining physical, mental, and emotional health, believing in one's vision, and staying relevant and knowledgeable to achieve long-term success in business and life.
