WEALTHVIDYA MONEY LEAGUE

4TH SATURDAY
EVERY MONTH

TIME
5:00 PM – 6:30 PM
(ONLINE)

Test Event 2

Test Event 1

It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like).

It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like).

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Types of Loans and Its Impact

Priya is a 15-year-old student from Pune who just got selected for an international robotics competition in Germany. She was thrilled and proud to represent her school and her country. The total cost of the 10-day trip, including flight, visa, stay, and training, was estimated at ₹2,50,000.

Her parents, both working professionals, could manage ₹1,70,000 from savings but still needed ₹80,000 urgently to meet the deadline for registration. They had two choices:

• Take a short-term unsecured personal loan from a digital lender at 14% interest
• Delay the trip by a year and try for scholarships, with the risk that the opportunity might not come again.

Priya and her parents sat down to discuss whether a personal loan was the right choice and how an EMI would impact their monthly budget

Passive Income opportunities in the Teenage years

Mira, a class 9 student, had always loved reading books, especially fiction and fantasy. Over the years, she had built a mini library at home with books collected from school fairs, online sales, and family gifts. One day, while clearing her shelf, she realized many of her books were in excellent condition but rarely read.

Inspired by a discussion in class about passive income, Mira thought, “Why not rent these books to others in my neighborhood and earn some money while helping others enjoy reading?” She started a weekend book rental service using a simple Google Form and shared it via WhatsApp groups in her building and school.

Soon, she earned a small income every month. This motivated her to look into other sources of passive income for teenagers, like selling handmade bookmarks on Etsy, renting out her art tools, and even exploring investment platforms with her elder cousin.

E-KYC and its importance for Digital Payments

Zoya, a tech-savvy 14-year-old, recently began helping her parents manage small household tasks online. One day, while trying to recharge her metro card through a digital wallet app, she encountered a message: “Complete your KYC to increase wallet limits.”

Curious, she began researching what KYC meant. She discovered that to make full use of digital payments, she needed to complete an electronic KYC process. While helping her parents upload their ID and address proofs, she noticed different KYC requirements for different platforms.

Some asked for Aadhaar, some accepted PAN cards, while others even allowed Video KYC. Zoya wondered: Why do digital platforms need this information? and How often do we need to update this?

Now, she wants to teach her younger brother and his friends about e-KYC, its importance, the differences from physical KYC, and how to use it safely while avoiding fraud.

Digital Tools and Investments

Aanya, a class 9 student, recently saw a viral video about a “high return” investment scheme shared on a social media group. Curious, she clicked on the link and it redirected her to an app offering “crypto plans” with daily returns of 10%. She downloaded the app and entered her personal details, including her Aadhar number and school ID card.

Later, her friend Sameer showed her DigiLocker and explained that it is a safer way to store and share official documents. Aanya felt uneasy and checked the app again—only to find that her ₹5,000 deposit had disappeared and the app was no longer opening. Now worried, Aanya speaks to her teacher, who advises her on digital safety and teaches her about government-backed digital tools like DigiLocker and the risks of unverified digital platforms.

Debit Cards, Credit Cards & EMI

Aarav and his elder sister Ananya often talk about saving and spending. Aarav recently saw a new tablet worth ₹25,000 and wished to buy it. Ananya offered to buy it for him using her credit card and said he could repay her in monthly EMIs without interest.

This made Aarav curious: how could she pay without cash upfront? Ananya explained how credit cards work like a short-term loan and how EMIs (Equated Monthly Installments) help in breaking down large payments. She also warned him that if one doesn’t pay on time, interest charges and credit score damage can happen.

She showed him the difference between a debit card and a credit card, and how her salary goes into her account but credit card spending is borrowed money. Aarav decided to research more before using these tools in the future.

Business life cycle and product life cycle

Arjun, a class 9 student, noticed how plastic waste from regular water bottles was piling up in his school canteen. Determined to bring change, he came up with an idea: a smart reusable water bottle made with biodegradable material that could track water intake via a mobile app.

He researched the idea deeply and decided he wanted to turn it into a business after school. He imagined launching the product first in his city, then across India, and finally growing into an international brand. But before jumping in, he wanted to understand how businesses and products grow, and when to innovate or exit if needed.

To turn his idea into a real business, Arjun studied the Business Life Cycle and Product Life Cycle so that he could plan ahead and make smart financial decisions.