Guys, I usually don't comment. But let me tell you, this content is really valuable. You may not reach a million people. But those who are actually about finance. This is gold.
@@RahulSharma-se5nq yes , it is a big challenge because when our earning increases then our expenses increases too , if you do not check your expenses then 1 crore can be a small amount , look at the inflation of Gurgaon and Mumbai , 1 crore earning is not enough if you want to have home/ flat in posh areas. It's not about earning its about how you manage your aspiration and expenses .
@@sourabhGR1 brother management of expenses and aspiration is part of financial plan where other parts are investment , taxation etc. Now just like a financial plan is going to be different for a person earning 2L per month to a person earning 30k per month similarly management of expense and aspiration will be different for different person based on there earning. For eg someone earning 1 cr a year if tells he creates the passive income by investing 60% of income in multiple assets like buying few franchise , commercial shops etc it will be of no use to someone earning in lakh as those asset that person will never able to invest in .
@riteshsinghrathod Precisely. It obviously does not make it a glamorous portfolio. There is no heroism without equity as per what most people believe. I have described the high risk high reward vs low reward low risk approach in my book. Peace of mind and sound sleep are more important.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
I stopped trying to predict market outcomes based on chart studying after 5 years of uncertainty. Not having a mentor caused me 5 years of pain. I learned to follow the market's direction and keep it simple with discipline.
@@hasede-lg9hj Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I have seen this interview multiple times . Each time i learn something new. His financial plan is so practicals unlike others who just talk mfs and shares. Gives hipe to a middles class man also provides guidance on how to imrove ones salary.
Nice he has liquid asset of above 3cr and fixed asset of 1.7 Crore , didn't mention the gold. He has very high networth even though he is a salaried person....Very inspiring.
I feel that's quite low. Any regular apartment in Delhi/Mumbai is 1.5-2cr easily. Apart from that given IT salaries these days, 5cr net worth is mediocre to say the least. I have around 3.3cr networth at 32M and I feel it's quite low considering this person's career stage.
@@cero1296I think you should not consider the place you live as part of net worth. A withdrawal rate of 1.5% annually will make sure you never run out of corpus (inflation adjusted with distribution of 50-50 in conservative and stock mkt invested). So for 3.3cr, the withdrawal would be 5lpa(approx 40k per month as of today, this number is again inflation adjusted). This income would be decent imho. I wouldn’t say you will be able to splurge, but you can live. Read about swps. There are way many models on swps, you can tune it accordingly
@@cero1296I hope you are not accounting inherited home as part of net worth. Please only take into consideration the amount you have actually made yourself. 3 cr will start to make sense in that case.
@@MuditSehgal I am not accounting inheritance. Only self made net worth not locked in real estate. Accounting inheritance it may be well over 10cr but I feel middle class to be honest.
He is super cool, composed and self-aware about his lifestyle. His approach towards money is wonderful, great to learn from him. Thanks Wint Wealth team for bring this to us.
@@seekertruth72 passive income isn't the focus right now. Growing portfolio is , so putting money rather than withdrawing. Also if i withdraw from Esopp that's 30% taxed, pf isn't also allowed right. From stocks and mutual fund, its like break even, interest withdrawal and expenses would be same.
@soumendash3911 Mostly about the fact that people chase high returns but ignores the high risk associated with it. But, as long as you have sufficient capital and you beat inflation and your returns on investment takes care of your expenses, then you don't need to do all the high-risk investments to get high returns.
@@wanderingsoul7348 This is perfect summarization of my approach. Thanks...could not have done it better. Maybe you should write the foreword for my book.
This guy is for REAL and I have had the opportunity to sit with him. A very knowledgable and analytical driven person. Awesome session and hopefully someday I land in phase where I dont have to track money!
In finance, behavior matters more than knowledge. This is the reason why a lot of educated people struggle with money, as many of them are inherently bad at managing their emotions. Despite not having great knowledge about each individual asset class, this person was able to become financially indepent as he was able to stick to his discipline and learnt how to 'behave'! Clearly, he has learnt to be happy with what he has and rest all is bonus!
Wealth is a by product. I never set out to make a huge money. When I started, it was to fund small regular expenses. In Chapter 6: How Much to Save of my book, I have highlighted the flaws of the websites calculating a retirement figure and why one should avoid such calculations. The link to the website is in the description of the video.
It is truly remarkable to witness the exceptional clarity in Feroz sir's thought process. His ability to accumulate an impressive corpus of approximately 5 crores, excluding his real estate assets, serves as an inspiring example for others.
@jhapradeep My responses are based on my personal journey and learnings towards financial freedom. I have detailed the approach in my book. The link is in the video description.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investments....
After watching so many RU-vid tutorial videos on trading, I was still making losses until Mr. Ricky wen started managing my investment. Now I make $6,800 weekly. God bless Mr. Ricky wen as he has a blessing to my family.
@@kartik180rajesh1 if you are looking someone managing his finance at 25K monthly salary !! You better unsubscribe this channel and listen to someone who got retired now ! Ppl now a days easily make 1L salary !!
Now this genuine and relatable story ! Thanks for putting out videos like this with real relatable person sharing their life experiences. There is NO point hearing about a couple earning 2-3+ Cr in their 40s and then being humble about their lavish lifestyle !!
You could invest in stocks, start a side business, or focus on advancing your career. It's important to set goals and make a plan. Remember, wealth can mean different things to different people,One thing i can say that helped me in life to reach my first million was starting early, i got curious and informed i became open to passive income, investments in equities , etfs and the likes. also sought help to handle my portfolio which was my foundation. i'm ever grateful to Emily Lois Parker my FA.
I started investing when I was 37, mostly through sweat equity. I just turned 42 and this last month was the first time that my passive income broke $100k for the month. This is solid advice! DO IT!
Thanks for sharing, I just looked her up on the web because this is equally important to me, and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Excellent video , especially the final one " Money is not important, that's true, but make sure you have lot of it, before you actually make that statement"
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
I don't think I need a finance advisor. I can manage my own money and investments. I don't want to pay someone else to tell me what to do with my hard-earned cash.
That's a risky attitude, My friend. You might be missing out on some valuable opportunities and strategies that a finance advisor can offer. A finance advisor can help you plan for your short-term and long-term goals, optimize your tax situation, diversify your portfolio, and avoid costly mistakes.
I agree with You. A finance advisor can also provide you with objective and unbiased advice, especially when you are facing emotional or stressful situations. They can help you stay on track and avoid making impulsive decisions that can harm your financial future.
I used to think like you. I thought I knew enough about finance and investing to handle everything myself. But then I realized that I was spending too much time and energy on researching, analyzing, and monitoring my finances. I was also overwhelmed by the amount of information and options available. I decided to hire a finance advisor and it was one of the best decisions I ever made. They saved me a lot of time and money, and gave me peace of mind.
A valuable advise from an amazing guy. He is sorted in his thought about the financial stability. I am also a kind of guy who would like to invest a lot and would love to retire at 50's. I would love to try FDs.
@user-dv7yi6qv2l Appreciate your comment. I would propose to not look at portfolio constituents but at the process of covering expenses. The portfolio is a by product. Refer my book for the detailed approach.
Around 1.44 crore in fixed deposit (60K ie. 7.2 lakh a year assume 6% return then amount in fixed deposit 1.44 crore) 1.44 crore is 35% of his total investment. So the total investment is around 4.11 crore 4.11 crore + 1.7 crore = 5.8 crore approximately 6 crore. So we need 6 crore today to become financial independent.
you need to factor in that 5.8 Cr gives him 1.2+ L per month for his living expenses. if some body can get this in less corpus with FD + MF then that becomes retirement income
Quite informative. Only one challenge I foresee, expenses will grow over passage of time due to inflation… Investment instruments are largely of fixed income nature and thus will not have capital appreciation which will eventually bring down the value of passive income.
@amarkumar-pm2iv Agree with your viewpoint. Two ways to address it. 1-keep control on standard of living and 2- I still continue working and earning. Having FI has given me freedom to choose my job option. My book sales have also started contributing royalties. These additional earning adds to the income.
The return on real estate is actually not 3%. You have to look at the amount invested which is around 71 lakhs. So, his yield is 7% and it will keep increasing as the rents increase. If we remove his last two investments, the rental income is probably more than 10%. The trick is the yield increases with time as rents increase.
When he calculates the rental property yield he is not calculating with Property appreciation in to account. example 8-> 60L is 7.5X increase lets assume 15 years on property that alone is 14 CAGR.. On top of it its 3% yield like stock growth and divident yield.. I would ask the person to stay with realestate.. as he rightly mentioned its a diversification.
doing some basic maths, he is at around 6 crores (including real estate). You are welcome. Thanks for creating great content. Loved his expense bucketing strategy.
1) Open a bank account and move all your interest and divident to that account. 2) Categorise your expenses 3) start now 4) spend and enjoy from your passive income. We need second episode with him again.
@moneyandwealthtv496 Thanks for your comments. I am always happy to share the small learnings I have. In the meantime feel free to connect with me with any queries. The email id is on the website of my book.
Brother hats off to your channel ❤..i am a middle class guy..by started seeing your videos I got motivated and started to make a business plan based on development agriculture land..I have resigned my job and i trying as much as hard to stick with my plan..I have explained my business plan how much investment required and what wil be the return will be generated and all..around to most of client they said they plan is good and they are okay but initially investment is required...hope one fine day I wil be successful..and I wish once I get successful my plan is help to most of our middle class boys to be successful..
@dnyaneshwardage2732 Thanks for your appreciation and happy to know one more person is inspired. I have detailed my approach in my book Girl be on F.I.R.E.
3% yield on rental is just the cash flow just like dividends on stocks. You also need to account for annual growth in price to compare with 12% mutual fund return.
@SunalMittal Agree with your view. The core topic was around cash flow to fund expenses. In addition, I have experienced that every asset class has its good and bad period. Hence, prefer to be diversified across assets and not concentrate on the asset giving highest return.
@@michaeldsilva I see. If we are just looking at cash flow perspective, then we should just compare dividends from stocks and the capital gains from the value increase. Because that 12% average might be -20% in a year and +32% in the next year. It’s not a real cash flow per se.
At 06.35, 40k rental income, prperties total 5. We are not foolish. He has shop and flats. The rental income will be way higher than this. Please give correct info
Getting into Investing to create a passive income should be every wise man priority...i invested with a broker and made my first million from having a diversified portfolio that spread across stocks, grade bonds, coins and etfs. my broker Emily Lois Parker, handles all my investments and ensures I stay above the market.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Bro you need fix things. When i started with 60k salary per month i saved 45k , when my salary went 5 lakhs per month in USA i saved 3.85 lakhs per month. In 8 years job I have saved 1.4cr. And my current month expense not more than 20k.
Self funding/financial Independence complete strategy: ¶ Categorise your expenses. 1. Survival expenses. Rent, grocery, medical etc. These expenses can be called as critical to survive. 2. Can be reduced. 3. Can be delayed. (Upgrading smartphone, Car, Vacation etc.) 4. Expenses can be eliminated.(Unnecessary expenses shopping, movies, eating out etc) 5. One time expenses. Look for the frequencies at which they are coming(Monthly, Quarterly,Every six months etc). 6. Specific investments. FD, mutual funds, Rental assets) Survival and reducible expenses can be drawn from FDs,Rental assets,Post office MIS etc.
@dhanrajbhure6406 Good summarization. However, there are 6 categories ... not mentioned here in video due to time constraint. I have detailed out in my book. The book also contains a detailed table of expenses that can be tracked. The web site link is in the description.
Very nice video with valuable knowledge for how to manage money and retirement planning. Guest shared his investment strategy genuinely that helps us for better and real life clarity. Thank You Very Much for making this video, this really helps to us for better life.
He calculated rent yield based on market value of properties. Ideally he should have calculated on the amount invested. His correct returns after investment of almost 71 lac is growth of property value to 1.7 cr and rent value of 5 lac per annum. I obviously don’t know how old were each of the properties but he is getting real returns of 8-9% and not 3% as claimed. Moreover, it’s a safe diversification.
The phrase highlighted in my book is "Low Reward = Low Risk". This is described in Chapter 5: Saving vs Investing in my book. The link is in video description.
When you buy a share and the price increased, the difference is what typically termed as returns. Notional though, considering the share is not paying dividend. Why then this equation is not done for real estate returns? Consider the returns based on the buying price or consider the current market price in returns.
It was a simple but wonderful idea to consider interest and divident income as the money to spend towards discretionary expenses. Helps to lower your greed and also build a discipline for investing and leaving the capital untouched!
@srinivasn415 The core idea is to categorize expenses and then allocate investment to align with the attributes of each category. Also, I had a cardinal rule to not liquidate any of my investments... hence leaving the capital untouched.
Real-estate rental especially residential real estate is being discouraged everywhere, buying a house is discouraged, but residential property is part of human need roti-kapda-makan. We are in a bull run in equity market, but its not perpetual, not essential, if it goes down due to uncertainty, you need to have a "real" fixed asset which is always going exist, forget value it has touch and feel, real..also and whatever market does goes down or goes up, people are going to need rental homes "makan" so residential real-estate is essential
@derikobrain5082 The "why" is important. Whether to have residential RE or not should be defined by the "why". In the chapter on rental assets in my book, I have detailed possible "why"s and different modes of fixed asset investing for them.
@vishaalbhatnagar3924 Thanks for your comment. Post facto it seems that way. It was not so when I started but built it over time. I have detailed my approach in my book "girl be on fire"
We need content like this which is very useful he clearly determine what actually he is getting in passive income in detail rather than some unusual percentage numbers by other folks
The 3% return on rental properties did not account for the appreciation of property prices over the years. Including that in the return might give a fairer comparison with mutual funds.
Financial education is key for financial freedom.I am a former nurse trained in some of the most prestigious hospital in UK ,I started investing in London's real estate and Surrey and also in vanguard and scottish mortgage funds.Financial freedom retire early is not difficult to achieve.My daughter is at university as well and my assets are paying for it.
