@@akknight20 well sure we can't "afford" because he spits truth and then you'll feel bad about your spending habits. Not every scenario where "afford" is used is referred with money.
Me: Searches Honestly by Tanmay bhatt Tanmay bot: It's clueless now Me: searches for Clueless by Tanmay Bhatt Tanmay bot: Oh its Honestly now Me: Haa ye kallo pehle
Christopher Nolan: I created memento where time line goes forward and backward at the same time Tanmay: I created clueless where show happens in first episode, cuts somewhere to second episode, welcomes all in third episode and cuts somewhere else again...bt still ppl will understand it!
Hahaha, well summarised! 💯 Btw, if you're into self improvement, I'd love to get your feedback on my channel because I've been working really hard to add value! 😊
I couldn't listen to the whole podcast as I got deaf at 0:11. Editors: sound ka level ek jesa rakh do please. i already have heard 'pew pew pew pew' so many times that i forcedly like it. P.S. : I am watching the entire episode after pausing, writing this comment and now going back.
After this podcast sessions are coming I've started to have conversations with my mom who is a single parent regarding Money and investment it is bit awkward and still she doesn't share anything 😂 she just says tu tension mat le tu tere engineering pe dhyan de😅
My first experience was in class 1 where I happened to flip throught he pages of my dad's check book. I thought the 'cr' after the amount was 'crores'. Then I was so scared that even though we have thousands of crores, we had a simple life, and hence I had to earn tens of thousands of crores to sustain myself 😂
I used to think that after 1000 comes 2000(I didn't know 1000 ke Baad 1001 ATA hai) that means if you add 100 in 1000 it will become 1 lakh and Hence why is being a lakhpati is a big thing and why my father haven't become one yet.
The real reason why comedians keep pretending they are poor is; cause the minute you say you are rich and you have 3rd world problems, you stop being relatable! And relatability is foundation of most of the jokes .
Just keep doing this series Tanmay. Though I know most of the things, but still alot of this is I reiterate to my friends. This is very helpful for those conversations
The one you guys are saying kity party in marathi we say it “bhishi” means wherein there is group of like10-20 womens and every month they give 100 to 200 hundred rupees to the leader of the group and the money is given by all the members and then there is a chit system wherein one person will pick one chit and those whose members name has come they will get the accumulated money and same goes for next month but next time the one who got money in previous month wont have name in this chit one 😂and yes then same thing goes on like a cycle and that’s good actually and this happens much more in Maharashtrian groups especially 😁
It is beesi (BC) in North Indian states like UP/Bihar. Where bees (20) people form a group and deposit money every month, and the person in need takes it.
The finance guy explains so well. Patiently listens to any query and response however stupid and responds so well with so much clarity !! Tanmay bring in more of such videos with him especially!!
Swiggy and Zomato also do Habit creation .... First they will give us 50% off and then we get use to it and we will end up ordering more sometimes even when it is not necessary..
The best part of this episode is that I learnt absolutely zero "money saving jugaads" by the end but I still had an amazing and thoroughly entertained time
If you are good with money then use that credit. All the money you spend with a debit card spend it with a credit card. Only your usual expenses, never EMIs and huge loans. Not only will you build a healthy CIBIL score but you will also collect points. Those points will actually be free money. Also, let's not forget about cashbacks!
Banks make money through following ways - Interest income - They borrow from you at 3% for savings account and 5-7% for FD. And they lend to retail and corporates at 8-10%. They make money in this spread. This is called net innterest income for the bank. They also make non interest income - card charges late payment fees Atm charges They also cross sell the following products - Management fees - Amc (mutual fund) business Insurance business Gold loan business Transaction fees neft, rtgs, etc Stock broking business, etc
I binged watch your show on "money" while working from home. Listening to you is more calming and informative then listening to music while working. Thanks for all the information around finance.
After every episode of clueless I thank my parents who forced me to go into commerce and take chartered accountancy as a profession. To all people who are yet to decide science or commerce, you might earn well in science but won't be able to manage money.
Tum bahoot accha kaam karta hai @TheTanmay from vlogs to gaming to clueless the content you are putting on youtube is amazing... Kudos to the team keep up the good work
Wow. The money guy in the whole panel calls 'Committee' a safe bet. Hasn't he seen how many frauds happen in India in the name of 'Committee' and 'Chit Funds'
Some Banking "Gyaan". As mentioned in the podcast, banks lend out the money that they get as deposits. This is oversimplified at kinda not true. Banks work on a fractional reserve basis, which means a fraction of the money has to be held as reserves. Let us take an oversimplified example. Lets suppose that a bank has a deposit of 1,00,000 and a reserve requirement of 10%. That means that the bank can lend 90% of the funds it has, right? So, the bank should be able to lend out 90,000 while maintaining 10,000 as reserves, right? Wrong!!! Banks can create their own money. So they don't lend out the deposits that they have. They CREATE NEW MONEY and lend it out. So in this example, the entire 1,00,000 is held as a deposit, and that becomes the 10% reserve. Based on this, the bank can lend out 9,00,000 now. Where does the 9,00,000 come from? Out of thin air!!! Yes, that's right. If you are the one who takes the 9,00,000 loan, the bank will make the 9,00,000 simply appear in your account digitally, effectively creating new money! This is an obviously oversimplified example, but this is the crux of how a central bank based fractional reserve banking system works. Welcome to your new reality.
Guys u got it wrong here .Banks essentially make money when they loan money .The money they loan is not against the money that they have through deposits . Its a mechanism called fractional reserve banking on which this modern money mechanics is based . "Web of debt " a book by ellen brown is a great read in case you want to understand the whole mechanism
I Like using Upi coz you can add a comment and remember where you spent the amount. Also, please talk about cred app and also encourage people to use UPI coz its just safer. Well that's my personal opinion. In my case, I am the one handling all my parents' finances, mine and it always helps to use a household friendly app like expense manager so you can track and also get an idea of where you spend most of your earnings.
The best thing about Honestly by Tanmay Bhatt is it is honesty honest, relatable af, you learn, you feel better. Wow! Tanmay. Now it's a lot lot different Tanmay we see. ♥️♥️♥️
Contrary to popular belief I would say that having a credit card and using it wisely can be very beneficial and adds to your financial strength as you have an emergency fund source and don't have to look anywhere to borrow money when you actually need it (by using it wisely I mean to say that spend only 10% of your prescribed limit every month, though you need to keep increasing your limit by paying your bills on time)
Gaurang is the friend we all need but can't afford.
Do you pay people to be your friend 😅😅😅
@@akknight20 more like a finance consultant friend...
TB can though
@@akknight20 well sure we can't "afford" because he spits truth and then you'll feel bad about your spending habits.
Not every scenario where "afford" is used is referred with money.
@@manudeepsinhamusic r/woosh
Love the way Gaurang aka ‘the finance guy’ explains stuff!!
Exactly
*thatfinanceguy
What's his channel?
His name is gaurang
But he will never go wrong
Op... 😂😂😂😂
God 😂😂😂
High Level Pun🙏🏻
OP comment
Best comment 👌
I am clueless when Tanmay shot this. Such a long planning this guy has
nirali when she talk about crores of her father, she must have seen "cr" of "credit" as "crores"
Let's be honest we've all been there..
Thanks for the name man 😂
Such a hilarious story.🤣
i think she saw 1,00,000.00 as 10000000
edit: spelling mistake
@@findingplaces1986 This is a possibility
Me: Searches Honestly by Tanmay bhatt
Tanmay bot: It's clueless now
Me: searches for Clueless by Tanmay Bhatt
Tanmay bot: Oh its Honestly now
Me: Haa ye kallo pehle
Sherlock says you have a girlfriend....
@@gamevidzist LMAO
Tim Tom honestly is name of the channel and clueless is the podcast
@@aadityachoudhary5436 the channel name was clueless for last one or two days
Christopher Nolan: I created memento where time line goes forward and backward at the same time
Tanmay: I created clueless where show happens in first episode, cuts somewhere to second episode, welcomes all in third episode and cuts somewhere else again...bt still ppl will understand it!
Memenception
Hahaha, well summarised! 💯
Btw, if you're into self improvement, I'd love to get your feedback on my channel because I've been working really hard to add value! 😊
Like Pulp Fiction
I couldn't listen to the whole podcast as I got deaf at 0:11.
Editors: sound ka level ek jesa rakh do please.
i already have heard 'pew pew pew pew' so many times that i forcedly like it.
P.S. : I am watching the entire episode after pausing, writing this comment and now going back.
10 secs skip karneka jaldi se tap karke
tanmay's ear got cut so he's making sure all his subscribers also get some amount of ear damage
Thank you -bhai- behan, main just 0:10 pe tha, yeh comment dekhke aawaj kam kar diya
@@loremipsum8495 wo behen he
@@tonistaak fixed
After this podcast sessions are coming I've started to have conversations with my mom who is a single parent regarding Money and investment it is bit awkward and still she doesn't share anything 😂 she just says tu tension mat le tu tere engineering pe dhyan de😅
Bhai engineering pr dhyaan dene ko bolna, tension lene ko bolna hi toh hai LOL
@@shaurya_chopra LMAO
@@shaurya_chopra arey bhai bhai 😂😂
Typical indian parenta
@@prathameshgawade536 actually 😂😂
I am in love with clueless series 😍
My first experience was in class 1 where I happened to flip throught he pages of my dad's check book. I thought the 'cr' after the amount was 'crores'. Then I was so scared that even though we have thousands of crores, we had a simple life, and hence I had to earn tens of thousands of crores to sustain myself 😂
I used to think that after 1000 comes 2000(I didn't know 1000 ke Baad 1001 ATA hai) that means if you add 100 in 1000 it will become 1 lakh and Hence why is being a lakhpati is a big thing and why my father haven't become one yet.
"We miss Manmohan singh! Wo bolta nahi tha but karta tha!!!!" (Exactly opposite to what is happening right now)
Chup chutiye manmohan Singh Buddha
🤣🤣🤣
Just kidding don't take it seriously
Uske paas biwi tha bhai....Bolna chahta tha lekin kya karta...sed life
@@jamescooper9529 channel dekhlo mera bhai
Please bring in Naveen Polishetty for one of your streams. It would be great to see you guys.
The real reason why comedians keep pretending they are poor is; cause the minute you say you are rich and you have 3rd world problems, you stop being relatable!
And relatability is foundation of most of the jokes .
1:03
"just because I had gears on my thing" ~ Tanmay
Just keep doing this series Tanmay. Though I know most of the things, but still alot of this is I reiterate to my friends. This is very helpful for those conversations
The one you guys are saying kity party in marathi we say it “bhishi” means wherein there is group of like10-20 womens and every month they give 100 to 200 hundred rupees to the leader of the group and the money is given by all the members and then there is a chit system wherein one person will pick one chit and those whose members name has come they will get the accumulated money and same goes for next month but next time the one who got money in previous month wont have name in this chit one 😂and yes then same thing goes on like a cycle and that’s good actually and this happens much more in Maharashtrian groups especially 😁
It is beesi (BC) in North Indian states like UP/Bihar. Where bees (20) people form a group and deposit money every month, and the person in need takes it.
Petition for gaurang to start a youtube channel 'that finance guy'
"Ye kurta kitna acha lagega." and "Hum bohot gareeb hai." is so relatable to me.
Lol I think our moms are siblings. 😂😂😂
The finance guy explains so well. Patiently listens to any query and response however stupid and responds so well with so much clarity !! Tanmay bring in more of such videos with him especially!!
Requesting for the 3rd time. Please lower the volume of the intro. It's too loud for people using headphones
Dude, this Gaurav guy is the teacher we all deserve!
This is one of the best series by Tanmay Bhatt 💞💞
He's inspired me to start my own TH-cam channel 💜
@KUPOKutakPoly Thanks a lot. It really means a lot to me ❤️
@KUPOKutakPoly Absolutely True Bro!!
I loved the"mangal sutra"part explanation...that finance guy is
brilliant vidvan.
I want more videos Tanmay please please please please 🙏🙏🙏🙏✨
Honestly
Clueless by Tanmay bhatt
Honestly by Tanmay bhatt
Adapt overcome overweight
Hilarious
Best part about the podcast is bringing out our insecurities and feelings about how we as people deal with money. Epic
*TH-cam has channel name changing feature*
tanmay:-
It is so endearing to listen to Nirali talk about money. I can keep listening to her endlessly.
Damn he actually went to 'The Barfiwala high school'. I thought he was talking about some high school that was in the movie Burfi.
I am also learning how and where to keep my phone during conversation from Tanmay 😂
Tum bohot sahi kaam karta he, Tanmay bhai♥️
Swiggy and Zomato also do Habit creation ....
First they will give us 50% off and then we get use to it and we will end up ordering more sometimes even when it is not necessary..
i have learnt more about money than i will ever will from this channel!
The best part of this episode is that I learnt absolutely zero "money saving jugaads" by the end but I still had an amazing and thoroughly entertained time
Wish I had a 'Gaurang' in my friend circle
While Gaurang was talking about Credit Cards, I remembered the latest season of Against The Rules Podcast! Invisible Coach - Must listen...
5:55 - Vijay Mallaya is watching this.
Yes! Manmohan Singh was an amazing dude! He rarely gets the due respect.
The more I see you Tanmay the bigger the love circle gets
Thank u soo much for coming back
It's good how even gaurang is becoming funny
Last line - Manmohan Singh was great man
Bolta nhi tha but karta tha🤐
I am in love with this channel and podcast tooo 💯❤️❤️
Please upload tthe whole conversation!!! I missed it when it was live!!
If you are good with money then use that credit. All the money you spend with a debit card spend it with a credit card. Only your usual expenses, never EMIs and huge loans. Not only will you build a healthy CIBIL score but you will also collect points. Those points will actually be free money. Also, let's not forget about cashbacks!
sapan at 12:55 is like that one friend making faces at you when you're giving a presentation to the class
Banks make money through following ways -
Interest income - They borrow from you at 3% for savings account and 5-7% for FD.
And they lend to retail and corporates at 8-10%.
They make money in this spread. This is called net innterest income for the bank.
They also make non interest income -
card charges
late payment fees
Atm charges
They also cross sell the following products -
Management fees - Amc (mutual fund) business
Insurance business
Gold loan business
Transaction fees neft, rtgs, etc
Stock broking business, etc
I binged watch your show on "money" while working from home. Listening to you is more calming and informative then listening to music while working. Thanks for all the information around finance.
Sapan's reaction to Saurav explaining stuff is every friends reaction - arey isko itna kabse aane laga
The outros of Clueless are great
This is the best episode in the series.. very useful if I was 10 yrs younger but, thank you Tanmay none the less.. keep them coming.. Cheers!
Am i the only who feels normal after hearing them.
Money, sex, life, death - most important topics. Never discussed anywhere. You can’t avoid any of them.
After every episode of clueless I thank my parents who forced me to go into commerce and take chartered accountancy as a profession.
To all people who are yet to decide science or commerce, you might earn well in science but won't be able to manage money.
Ain't that the reason CAs have jobs? :)
@@hanishkaprani5 😅
I'll hire a CA ..❤️
I really love your honest money talks more than your streams.... Gulabi dil💜
1 MIN 80 VIEW POWER OF TANMAY SIR BTW LOVED CHINTU KA HAPPY BIRTHDAY
this is one of the best podcast on money for a layman as it is brought to us by Tanmay who has a connect with young teenagers from so many years.
This is sooo good... please dont stop making this series.
Tum bahoot accha kaam karta hai @TheTanmay from vlogs to gaming to clueless the content you are putting on youtube is amazing... Kudos to the team keep up the good work
It's only six years and tanmay already reverting to "manmohan was amazing. I miss you man". Its ok bro me too missing my ex. So chalta he bro.. :p
Now I will remember Mangalsuter with whole new perspective
Wow. The money guy in the whole panel calls 'Committee' a safe bet. Hasn't he seen how many frauds happen in India in the name of 'Committee' and 'Chit Funds'
Some Banking "Gyaan".
As mentioned in the podcast, banks lend out the money that they get as deposits. This is oversimplified at kinda not true. Banks work on a fractional reserve basis, which means a fraction of the money has to be held as reserves. Let us take an oversimplified example.
Lets suppose that a bank has a deposit of 1,00,000 and a reserve requirement of 10%. That means that the bank can lend 90% of the funds it has, right? So, the bank should be able to lend out 90,000 while maintaining 10,000 as reserves, right?
Wrong!!!
Banks can create their own money. So they don't lend out the deposits that they have. They CREATE NEW MONEY and lend it out. So in this example, the entire 1,00,000 is held as a deposit, and that becomes the 10% reserve. Based on this, the bank can lend out 9,00,000 now.
Where does the 9,00,000 come from? Out of thin air!!! Yes, that's right. If you are the one who takes the 9,00,000 loan, the bank will make the 9,00,000 simply appear in your account digitally, effectively creating new money!
This is an obviously oversimplified example, but this is the crux of how a central bank based fractional reserve banking system works. Welcome to your new reality.
Thank you so much tanmay for this podcast .
CAN'T GET ENOUGH OF THIS. TRUE.
This is really informative and eye opening stuff. Appreciate the concept & effort !
Love the series! Keep Up The Great Work!
I thought there were two channels, clueless and honestly but seems like he just changes the name again and again
Guys u got it wrong here .Banks essentially make money when they loan money .The money they loan is not against the money that they have through deposits . Its a mechanism called fractional reserve banking on which this modern money mechanics is based . "Web of debt " a book by ellen brown is a great read in case you want to understand the whole mechanism
Loving this new channel, Tanmay! 👍
Comedians of our countries are more genius and sensible ppl
That BBA startup project funding story is just too damn funny, can't stop rewatching it again and again and laughing 🤣🤣🤣
Credit card is the best financial instrument to use.. One should learn to use it.
Tanmay this Channel is really helpful :)
I Like using Upi coz you can add a comment and remember where you spent the amount. Also, please talk about cred app and also encourage people to use UPI coz its just safer. Well that's my personal opinion. In my case, I am the one handling all my parents' finances, mine and it always helps to use a household friendly app like expense manager so you can track and also get an idea of where you spend most of your earnings.
I really appreciate on bringing this content!
Thanks
i am going to start my college journey this year (hopefully 😅) plss tanmay sir guide us how to START earning, saving and investing money.
The best thing about Honestly by Tanmay Bhatt is it is honesty honest, relatable af, you learn, you feel better. Wow! Tanmay. Now it's a lot lot different Tanmay we see. ♥️♥️♥️
I get so excited whenever you post a new clueless episode like yes will get to know more about so many things
Thank you for such an amazing podcast
The girl sitting next to Sourabh Pant is so cute.
Aaj kal sab London jaante hain..
Sab nahi jaate laxman...sab nahi jaate!
Whenever gaurang speaks everyone goes ohhhh ahhhh ya ya ya 😂
Great seeing women taking a initiative👍👍keep it up
I am loving this👍👍
Best Podcast of this series ✌🏻❣️
This is the best series by Tanmay Bhat 🤩🤩
What!! Saurabh looks so different! I didnt recognise him until the end!
This series is so cool. More power to Tanmay.
WE NEED MORE OF THIS
Markets are unpredictable , just like Tanmay ‘s channel name.
How can such grown up people not know how banks make money.. ? Not insulting.. I'm just stunned.
Tanmay has grown so much post
his disassociation with AIB. These podcasts are amazing.
Gaurang is well informed, not just in finance but also in past financial practices of our people.
1:01 : I had gears on my thing!! 😂😂 @tanmay : we are clueless about that too.. 😂😂
Crypto pe bhi banado bhai ..ek podcast
Tanmay paise pe 6 podcast kiya but still he won't tell how much money he makes.
Contrary to popular belief I would say that having a credit card and using it wisely can be very beneficial and adds to your financial strength as you have an emergency fund source and don't have to look anywhere to borrow money when you actually need it (by using it wisely I mean to say that spend only 10% of your prescribed limit every month, though you need to keep increasing your limit by paying your bills on time)
That girl sitting next to gaurang is damn cute yaar 😍
For all of you who don’t understand,
Honestly is the name of the channel and Clueless is the name of the podcast so stop getting confused!
Sejal Bhatt looks like that Anushka meme from Sui Dhaga
Love the series and mature side of Tanmay