Today’s youth are increasingly looking for a blueprint for financial independence, and often, they turn to social media for hacks. Karan Bhagat, CEO of India’s leading wealth management firms, recently made insightful revelations on billionaire mindset and the biggest fears of wealthy people.

In a podcast with Raj Shamani, Bhagat reflected on the mindset of billionaires managing Rs 1 crore vs Rs 1,000 crore. “People managing Rs 1 crore need Rs 50 lakh on debt every time. They have safety and security issues. They need their Rs 50 lakh safe while raising another Rs 50 lakh,” he said. On the other hand, he said, people managing Rs 1,000 crore will have a fixed amount safe. “They don’t need to save Rs 50 crore every time. They will keep Rs 50-100 crore safe, and the remaining Rs 900 crore

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