Discussing Money, Markets, Careers and Life Skills | CA Rachana Ranade

"in 2024, because you too are interested in the stock market, then according to you, one event that you are watching out for in 2024 which can impact the stock market, maybe it positively or negatively"

"election is going to be, it is definitely going to affect the stock market, okay since it is election time now and if a stable government comes, then this will help in making policy making, it will be easier and if policy making is easy, right, if the government is coming with a majority, then in that case decision making is going right, then somewhere or the other it will have a lot of impact, correct, so just to sum up your answer are you saying something that if a stable government comes, no matter which government it is, but if a stable government comes, then that will Impact stock market positively right"

"or I will say that quarter three results because we can see that in quarter three of the year all the festivals come there Diwali comes and all the people spend more so in this case the earnings of the corporates will also be higher if we say bottom line profit after tax will be higher"

"US FED rates have announced that the rates will go down then RBI will also do it definitely after looking at this and as soon as RBI brings down the rates then the market will definitely go into positive"

"stock market is always a secondary source of income, if you are taking stock market as a primary source, then your long term growth may not come, it may come or it may not come, it is not a primary source of income, but in my opinion, I think that your primary interest in which you are good should be your primary source of income, you should earn income from that and that For investment purposes, I thought that the secondary source is the best."

"accountancy and maths are two different subjects... they are in accounts I do n't remember what is theta in I don't remember how to calculate log and why do you calculate it in some non-commerce why do you enter general entry why do you enter differential general entry why do you prepare the PNL account I find a piece in accountancy I really liked it so the person who is getting zero marks in maths in board the person who got 18-79 out of 18 board examination practical is there in Delhi board exam is of 80 marks 20 marks are for practical I got 79 out of 80 super so because accounts is different from maths so those who do n't have maths can do accounts"

"the failure in final was the first one... the stress that came, sometimes I started having doubts whether I would be able to become a CA or not... whenever I used to feel stressed, what I used to do was, whenever I felt like nothing was going on, my mind immediately started wondering what to do, so instead of scrolling through things, wear shoes, keep your mobile etc. aside at home and just go for a walk or a run, just take a walk for 15 to 20 minutes and come home and sit quietly, you will see a difference in comparison between your mindset 20 minutes before and what it was after 20 minutes"

"the first thing that should go in the jar is your high priority work. The jar is the amount of time available with you. Okay, your rock salt is done, after that go the pebbles. Pebbles are the comparatively lower priority tasks. So by focusing on them, start fitting two, three, four, whatever is related to your work, time wise and sand, it happens like this that work will keep going on in your life, sand does not get finished anytime and it can be fitted from anywhere, it will just go into door and take its place, but if you do the opposite, fill up the sand first, then the jar gets finished, your time gets over, right, so that is how you should ideally price your work and that is how you can get it, you will be sure that your tasks get finished on time"

"people say that CA means I am coming complete in full form, okay, but it is not like that, people also say that you get money for signing, but if you see, if it was just signing, then I would have taken a page and sat there. And every minute I would sign something. Yes, if that were the case, then it is not like that. Before signing, one has to work hard. There is a responsibility. And in the new Companies Act, things have been advanced even more, where responsibilities have increased, so one gets paid for signing, but before signing, there are responsibilities as well and there is hard work too."

"every student should work hard, study now, why do we have to give tests now, we give tests, if we don't give tests then also we will study a little bit, we will study directly for the exam, if the exam is in the month of November, your exam is late, so you think that we will study then, oh but think when you have weekly tests, you are not able to read one or two chapters, then how will you study 15 chapters together, if you don't give your test one day, then your first exam will become a mock test, correct That can happen, so giving the test is very important and giving it seriously is very important"

"India also plays test matches and practice matches before playing the World Cup, so that plan and strategy matter a lot, if you are going with a proper strategy then you can give both the groups and clear the final one by one, my strategy was good, that is why I cleared it in one go, so make a strategy"

"intensity also matters, for example, if we study in three hours, then in the initial 15 minutes, we write comfortably and in the last 15 minutes, we should actually get tired, but that never happens, there the super power comes in because we have a target, so what I believe is every day you study should be for one hour, in which you will keep a timer, that is, you set a timer of 18 minutes and you are doing one question in it, if that happens then your confidence will increase that you can do a question of 10 marks in 18 minutes, so that should be done, if you study by setting a timer then the intensity will increase"

"with this, consistent is very important. You have to be consistent all the time, you have to fight with yourself, even when you do n't feel like it, you have to sit and study because when that day comes when CA will be written in front of your name, that day will be a different achievement altogether."