Thanks for another good video! I had somewhat similar approach based on theory studied for CFA. But my doubts were growing for the last years because everyone around was saying that I’m too risk averse (based on different “expert” opinions). You video helps to stick to the common sense and not to underestimate risks, complexity and unpredictability of capital markets.
I have felt the same as people try and convince me to add more planning and complex products. It shocks some people that I focus on diversification instead of spending countless hours modeling.
I have seen a very similar thing as well... Especially in the Software Developers community... Many people use huge amounts of debt and are keeping a lot of cash and a debt account active
So, this is totally something I wasn't expecting, you have so many of these people on here who try to market and copy off of these personal finance guys, but what you're saying is just so straightforward without the fluff, and it's just so honest Dimitri not a video that I was expecting from you but thank you for taking the time today to make it, awesome video no strings attached You're the man thank you
I'm using this service ATM as a free trial to budget at the moment since money in Excel is going away but I've already developed a template, which I'm later hoping to use the co-pilot ai feature for key insights into spending habits and perhaps upcoming transactions. But I'm sure it's all straightforward and maybe perhaps I'm overthinking this.
Hi Dimitri, I really like this kind of basic videos. Most information online doesn't consider risk at all. I would like to know how do you account for inflation considering your personal finances?. Also what do you think of bonds?
I got the same set up. Gotta recommend putting some of your savings in an HSA account. A lot of your emergencies are gunna be medical and an HSA will save you a decent chunk on those bills
Thank you for another amazing video!! I am also in a really really big dilemma... My parents are strongly against credit cards (Indians but same thing as Dave Ramsey approach) but all my friends (100%) are going for the 1.5% cash backs and credit scores... I really don't want to take the credit card tale risk but this fear mongoring that you won't get home loan/ auto loan in future and all scares me
Hi Dimitri, can you make a video of stress testing for different firms(buy side, sell side) from Risk manager's perspective. How do you plan, stakeholders involved, decisions made et al
You focus too much on the expenses portion of the cash flow and profit formula. Rather than living a boring life and scrounging for every penny, put the focus on exponentially increasing the revenue/income portion and just ensure expenses are kept in check. Going out to restaurants and getting a coffee isn’t gonna make or break you
hey dimitri, i saw an article that suggest ai will kill all the quants and the entire finance sector in 10 years. as a master student who aims for becoming a quant, it really scared me. what are your thoughts on this? thanks for this great videos
I Started reading your book recommendation, Sundaram Das Derivatives and principles Dimitri! If any doubt I will Tweet you Dimitri kindly Solvevmy doubt!
Thanks for another good video! I had somewhat similar approach based on theory studied for CFA. But my doubts were growing for the last years because everyone around was saying that I’m too risk averse (based on different “expert” opinions). You video helps to stick to the common sense and not to underestimate risks, complexity and unpredictability of capital markets.
I have felt the same as people try and convince me to add more planning and complex products. It shocks some people that I focus on diversification instead of spending countless hours modeling.
I have seen a very similar thing as well... Especially in the Software Developers community... Many people use huge amounts of debt and are keeping a lot of cash and a debt account active
@@jasdeepsinghgrover2470 it's insanity.
So, this is totally something I wasn't expecting, you have so many of these people on here who try to market and copy off of these personal finance guys, but what you're saying is just so straightforward without the fluff, and it's just so honest Dimitri not a video that I was expecting from you but thank you for taking the time today to make it, awesome video no strings attached You're the man thank you
Thanks! This was actually a request from a single parents group recently. I'm always surprised by the diverse backgrounds of my listeners.
@@DimitriBianco I'm glad you're willing to share these kinds of things too It broadens the scope of your channel very good
I'm using this service ATM as a free trial to budget at the moment since money in Excel is going away but I've already developed a template, which I'm later hoping to use the co-pilot ai feature for key insights into spending habits and perhaps upcoming transactions. But I'm sure it's all straightforward and maybe perhaps I'm overthinking this.
I just found the timing coincidental is all of the video release
@@marcusmarcula when I was younger and just getting going, I tracked every transaction in Excel. It made it easier to see long term terms in spending
Everyday I open my coke can, I involuntarily start thinking of this channel and f(Q)!!
Hi Dimitri, I really like this kind of basic videos. Most information online doesn't consider risk at all. I would like to know how do you account for inflation considering your personal finances?. Also what do you think of bonds?
$Dimitri You Killed it Man;!!!!!!!!!!!!!!!!!!!!! keep Doing it, God will Bless Utmost
I got the same set up. Gotta recommend putting some of your savings in an HSA account. A lot of your emergencies are gunna be medical and an HSA will save you a decent chunk on those bills
Really enjoyed the vid Dimitri! Thanks for sharing your advice. I was wondering if you could shed some light on using Roth IRAs?
Thank you for another amazing video!! I am also in a really really big dilemma... My parents are strongly against credit cards (Indians but same thing as Dave Ramsey approach) but all my friends (100%) are going for the 1.5% cash backs and credit scores... I really don't want to take the credit card tale risk but this fear mongoring that you won't get home loan/ auto loan in future and all scares me
Hi Dimitri, can you make a video of stress testing for different firms(buy side, sell side) from Risk manager's perspective. How do you plan, stakeholders involved, decisions made et al
You focus too much on the expenses portion of the cash flow and profit formula. Rather than living a boring life and scrounging for every penny, put the focus on exponentially increasing the revenue/income portion and just ensure expenses are kept in check. Going out to restaurants and getting a coffee isn’t gonna make or break you
hey dimitri, i saw an article that suggest ai will kill all the quants and the entire finance sector in 10 years. as a master student who aims for becoming a quant, it really scared me. what are your thoughts on this?
thanks for this great videos
I'll try to record a video response this week and upload it Sunday.
I Started reading your book recommendation, Sundaram Das Derivatives and principles Dimitri! If any doubt I will Tweet you Dimitri kindly Solvevmy doubt!
❤