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Episode 11

How do we end poverty? Saving alone isn't the answer

Dr. Soran Sadik

Dr. Soran Sadik argues poverty is a choice rather than a fate, and that saving on its own will never be enough. The channel's second most watched conversation.

What we cover

  • Investing, and money
  • Being afraid to invest
  • Why live in a rented house when you could buy several?
  • Is buying a house really a smart financial decision, or an emotional one?
  • Poverty is not about money — it is about behaviour and knowledge
  • The difference between working to get rich and working to not be poor
  • You need financial knowledge you can act on, not just knowledge
  • Investing, saving, and planning long term
  • Investing in gold
  • Financial freedom
  • The relationship between money and faith
  • Why people regret financial decisions, and how to avoid it
Chapters (90)
StartWhat we'll talk aboutOpeningHow age affects personal growthKilling timeWhy do you live in a rented house?Liabilities and assets: which is a house?Is poverty in your own hands?Saving and investingFinancial literacyThe risk of losing money, and investment opportunities in Kurdistan and IraqHow should we invest?SponsorWhat money and wealth are forLowering the chance of becoming poorWho is Dr. Soran?Going to EuropeStudy and work in EuropeThe power of prayerA mentor in lifeThe story of James and Wafa's supportWhy a mentor matters, and finding oneSponsorBeing a real student: learning and volunteeringStudying and working in EuropeWorking before a master'sReturning to Kurdistan, and job interviewsUniversity lecturer, and a failed PhDFounding an investment companyThe difficulties of starting a businessThe business modelHow can we benefit from your company?How investing works, and how safe it isHow the investing works, and is it halal or haram?What return does investing give?Compound investingInvesting versus spending on foodThe harm in fried sweets and doughnutsRisk to invested moneyInvesting in goldWhat is poverty?How can I get rich on a small salary?A British friend's investingMonthly saving lets you live comfortablyAre we to blame for having no money?The first $100,000 is the hardestSponsorA good life, or lots of money?Effort pays offPoverty is a crimeHow food affects decisionsThe right age to investFrom $100 to $1 millionThe role of money in lifeMoney, happiness and regretMore money means more choicesDr. Soran's goalThe perfect lifeWhat should we invest in?Invest in yourselfSetting a rate of returnTime, return and riskWarren Buffett as an investing exampleInvesting in goldSafe investingInvesting in a businessStarting a businessSuccessful businessesA second PhDSponsorThe story of quitting the jobIs education out of date?Artificial intelligenceIs the university system out of date?Work or study?Advice for young peopleWork–life balanceThe first steps in starting a businessMarrying late or earlyHow should we handle money?Most people's problemFuture goalsIs money worth all that effort?Better to die than to be poorFinancial independence is easyCan it happen without effort?Book recommendationsClosing wordsLiving wellClosing