The Financial Care Industry


Amar Pandit
A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.

September 30, 2022 | 1 Minute Read
Have you ever wondered about why our industry is called ‘financial services’?
I often have.
The next question then is, “What exactly is the service that the industry delivers?”
Basically, the service is delivering a product whether it be bank accounts, loans, insurance or investments.
Needless to say, the industry has been very creative in not only creating products but also in delivering them. But in the rush to deliver these products, the industry seems to have lost its essence and has become a financial products industry. Everything is about products, products and products.
It’s time to change this because the work that we do is way beyond products and even services.
There is a good reason for this. It’s the nature of the work we do. It’s transformative. Our work impacts the financial lives of people.
Thus, we are neither a financial products industry nor a financial services industry.
We are “the financial care industry”.
Repeat after me.
We are an important part of the Financial Care industry, and we deliver outstanding financial care (not only in words but in deeds as well).
I wholeheartedly believe in this.
Do you?
Similar Post
Nano Learning
An Amazing Exercise for the New Year
Time flies faster than you think it does. By the time you are reading this, we would have been through the first thirteen days or 3.56% of the New Year. There is no denying this f ....Read More
13 January, 2023 | 2 Minute Read
Nano Learning
Charts versus Hearts
There is a mad obsession that many of us have about numbers, data, and the technical aspects of our craft. We keep going back to charts for everything. However, the edge lies in wi ....Read More
7 April, 2023 | 1 Minute Read
Nano Learning
This is why You should Sign Up
In last Friday’s Nano, I wrote about Signing Up versus Showing Up and why Showing Up every day is so important in our work. I ended the post saying that this week I will write ab ....Read More
4 September, 2020 | 2 Minute Read
Nano Learning
Return on Life (ROL) versus Return on Investment (ROI)
I got some interesting responses to last week’s Nano “The Coca-Cola Company and Lawyers”, so let’s connect this week’s Nano to the previous one.
22 July, 2022 | 2 Minute Read
Nano Learning
The Most Important Questions
Last week, I met a distributor friend (Dilip Phadke) and we had an interesting conversation. Dilip said, “I have been thinking about selling but I guess I am not ready to sell. ....Read More
23 June, 2023 | 2 Minute Read
Nano Learning
Theory versus Practice
Several years ago, I read a joke based on human behavior. The wisdom in it is something I have seen at play throughout my life. I bet you would have to.
9 February, 2024 | 2 Minute Read
- 0
- 0
0 Comments