Harshal Jamdhade

Nov 2022 - CFA Level 1 ✅ (First Attempt) Nov 2023 - CFA Level 2 ✅ (First Attempt) I did it! No longer a CFA Level II Candidate. Coming from an engineering background, it was always tough to cope with the accounting side of things. Also, the L1 to L2 transformation was huge, the syllabus, book size, and depth of topics almost doubled making it even more challenging. But every moment of doubt, every late-night struggle, every missed celebration melted away when I saw those three golden words: "Congratulations, you passed!" A heartfelt thanks to my parents and family, the real heroes of this story. Their sacrifices have taken me where I am today. Special thanks to Aswini Sir. Your teachings made a huge difference. Lastly, to all the aspiring candidates – chase your dreams with everything you've got! The journey may be tough, but it's all worth it in the end. P.S. If you're curious about my non-finance journey to finance, drop a comment! I'd love to share the tips and tricks I used to get through the exam. #cfa #achievement #cfalevel2

Don’t buy a Tesla for ₹74 lakh. Buy 12 WagonRs and join Uber. Saw this viral post recently and while it will sound smart to few, there are so many things wrong with it. The math looks simple: ₹34,000 profit × 12 cars × 1.5 years = ₹73 lakh But real-world business doesn’t work like a Excel sheet. Here’s what it ignores: • Loan EMIs: 12 cars × ₹6.5L each = ₹78L. Even at 9% interest, EMIs would eat up ₹1.5–2L/month. • Maintenance & tyres: ₹3,000–₹5,000 per car/month = ₹40k–₹60k total. • Insurance & permits: ₹15k–₹20k per car annually (₹2–2.5L total). • Driver salary: ₹15k Really? Unrealistic. Most full-time Uber drivers earn ₹25k–₹35k/month, depending on hours and city. • Downtime: Cars won’t run 26 days every month. Even 4–5 off days drop income by ₹15k–₹20k per car. • Taxes & depreciation: Real profit after tax could be 30–40% lower than projected. • Operations overhead: You’ll need at least one employee to manage 12 drivers, track trips, handle maintenance, and deal with other issues. And let’s be honest: Someone who can afford a Tesla probably already runs a business, they don’t need to manage 12 WagonRs and 12 drivers for a passive income. Just because the math adds up, doesn’t mean the business does. It clearly ignores real world economics, taxes, risks, human costs, etc. If business was this easy, every Ola/Uber fleet owner would be a millionaire buying Teslas after 18 months. In reality, most struggle to even cover EMIs. Stop listening to these people they’ll only show you the parts that look good on paper, not the realities that make or break it.

Learn Financial Modelling for FREE (Resources Included). You don’t need to pay ₹20,000+ for a finance course. If you're aiming for careers in Investment Banking, FP&A, Equity Research, or want to level up your skills, financial modelling is essential. And the best part? You can learn it 100% free from these high-quality YouTube playlists 1) The Valuation School – YouTube Playlist A complete beginner-to-advanced course covering balance sheets, income statements, DCF, and sensitivity analysis, with real-world case studies. Link - https://bit.ly/40Dbm1V 2) The WallStreet School – Full Tutorial for Beginners A step-by-step video showing how to build a financial model in Excel from scratch in under 2 hours. Link - https://bit.ly/4ld5cOo 3) Dheeraj Vaidya, CFA, FRM (WallStreeMojo) - YouTube Channel Detailed Hindi video series by an ex-JP Morgan analyst explaining financial model structure, statements, and formatting. Link- https://bit.ly/4kzlvE9 4) Quintedge – Full Course with Case Study A practical beginner-friendly course that teaches you how to build models using real examples. Link - https://bit.ly/4lHXfAy 5) Corporate Finance Institute – YouTube Tutorials Bite-sized videos covering 3-statement modelling, valuation, and Excel tips. Link - https://bit.ly/4eFk59F Share this with someone who wants to break into finance. Like this post if it saved you hours of searching Follow me (Harshal) for amazing finance content. #finance #investmentbanking #Linkedin