Season 2 · Episode 12
Sumit Ramani
An Actuary's Musings on Life & Financial Independence
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In this episode I have an in depth conversation with Sumit Ramani, Actuary and Co Founder of Protect Me Well. We lamented about how financial companies have made financial products too complicated and we laughed as he shared some interesting anecdotes. From the people and books that have influenced his perspective on money, to how he imbues responsible financial literacy in his young daughter, we cover it all in this season finale. Sumit sheds light on the relatively lesser known Actuary profession.
Core Ideas
- Using actuarial skills to help a gaming company design their gaming engine.
- The importance of financial independence and the difference between retirement and financial independence.
- How investing is more of a behavioral game than a skill game.
- Identifying common money mistakes people make, especially in insurance.
Resources & References
- Sumit Ramani: Twitter, LinkedIn, Protect Me Well
- People Mentioned: D. Muthukrishna, Morgan Housel, Satish Kaushik, Abhay Deol, Anurag Kashyap, Bhavesh Manglani – Delhivery
- Movies: Sensex, DevD, Gulaal), Yeh Saali Zindagi, Scam 1992
- Books: Let’s Talk Money – Monika Halan, Psychology of Money – Morgan Housel, The Millionaire Next Door, Atomic Habits
- Others: Bhilai, Kanker, Chhattisgarh, IIT, Dhirubhai ICT, Actuary, Actuarial Science, Financial Independence, Cryptocurrency, NFT, IIT-JEE, Stoic, Income Protection Product, Fintech, Insurtech, Information Communications Technology, Ayushmann Bharath, Habit Stacking
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