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With changing times, the way people invest has changed, but one thing that has not changed is the temptation to make a lot of money quickly. People have been losing their hard earned money due to this greed earlier also and even now their hard earned money is being wasted. This matter has become so serious that even Finance Minister Nirmala Sitharaman has become worried. He has also given a great advice to the people to save their hard earned money.
don’t trust blindly
Finance Minister Nirmala Sitharaman was talking to reporters on Sunday after a program in Tumakuru, Karnataka. During this, he expressed his concern over Financial Influencers. He said that if you want to save your money, do not blindly trust anyone’s advice. Do your own research before investing money anywhere.
7 out of 10 people have some other agenda
Later, he also tweeted about it. He wrote, if 3-4 people are giving us the right advice, then there are 7 out of 10 people whose objective is actually something else. A lot of social influencers and financial influencers are being seen now, but we have to keep in mind that crosscheck their advice. Don’t run after anything by being a part of the crowd to save your hard earned money.
Preparation for action on Ponzi apps
The Finance Minister also expressed his concern over Ponzi Apps. He said that there are many Ponzi apps and we are working on them together with the Reserve Bank and other concerned ministries. He said that work is going on to curb Ponzi apps like never before. For this, work is being done in collaboration with the Ministry of Information Technology and the Reserve Bank.
The government does not have such a proposal
As far as financial influencers are concerned, the Finance Minister said that at present there is no proposal with the government to control them. He said that people themselves should be alert and careful about this, because ultimately it is their hard-earned money. Before accepting someone’s advice about where you invest your hard-earned money, it is necessary to do a good research about it yourself. Only by doing this, hard earned money can be kept safe.
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