What is EQUITY? Simple Explanation for BEGINNERS | Vivek Garg #shortsviral
About Vivek Garg
Vivek Garg, who serves as Chief Accounting Officer, Vice President & Controller at Hf Sinclair, has been publishing short-form videos in Hindi on personal finance topics since at least December 2024. In these videos, Garg has discussed the importance of financial literacy, stating that many people do not understand its importance and that without it, people often face difficulties managing expenses and savings. He has also explained the concept of equity, describing it as the residual interest in a company's assets after deducting liabilities and noting that owning a share means owning a part of that company. In more recent videos, Garg has addressed wealth-building strategies for 2025, advocating for avoiding debt, implementing a budget, starting a side hustle, and diversifying investments. He has also discussed creating an emergency fund, describing the 6x rule as a useful guideline while noting that individuals should tailor their savings based on personal circumstances and income stability. Garg has suggested keeping emergency funds in a savings account, liquid mutual funds, or using a bank's auto-sweep facility.