First Copy this Google sheet and then you can edit it:- docs.google.com/spreadsheets/d/1jqWopE6egDSZgenPMa4o89Ri3UoqOKmTXtjWvIRxwLY/edit?usp=share_link Shubham Investment Course:- www.greatideasgreatlife.com/watch/full-investment-course-beginner-to-advance/ Shubham twitter handle twitter.com/Shubham_TLI Shubham RU-vid channel www.youtube.com/@TheLogicalInvestor 200+ FREE Books in HINDI/ ENGLISH:- gigl.page.link/5668JkwcihHwfX6AA GiGL Main Channel (6.7 M Subs):- www.youtube.com/@GIGLIndia My Instagram Account:- instagram.com/hemant.pant28?igshid=YmMyMTA2M2Y= My LinkedIN Id:- in.linkedin.com/in/hemant-pant-486a38226
Great analysis..with the above calculations and assumptions I will be financially independent after 155 years.. right now I am 37 years old and have to work for another just 155 years to become Independent financially.. It helped me so much.. Now I can die peacefully
Three mistakes bro... a) 10% annual increment is not practical and after 10 years of service, it's next to impossible. The increment % should be reduced with time. b) After 15 years, the corpus is compounding on the gross amount. It should be on the net amount after expenses. c) if 50% saving rate is assumed. Then the rest of the 50% should be considered as expense even after 15 years...
Expenses kabhi badha hi ni paoge aise toh... Only inflated expenses considered hai!!! Kaise loge Naya Ghar, nayi car, medical expenses, sudden expenses?
A) bilkul 10% se badhta hai top 10 cities me, even more to be fair. If not, then you are already getting poorer each yr. Also when we switch, 30% to minimum hike hai.
What about marriage expenses, travel, children, school fees, extra activities for children, car, home loan, etc. 2 BHK in a 2 tier city like Pune costs approx. 1 Cr. School fees is above 1 Lakh per year per child. Domestic trip with family for 1 week costs approx. 1 Lakh and that too in the budget category. Apart from that most of the folks have family responsibilities like education, marriage of siblings, taking care of parents and in-laws, etc. Simple Birthday party for kids costs approx. 20K and the fancier ones have no upper limit. One movie with family is Rs. 1500/- on the minimum side. White goods needs to be refreshed every 5-10 years depending on the usage, quality and technology change. House repairs needs to be done every 5-8 years which costs significant amount. Vehicle needs to be refreshed every 8-10 years. In the first year you are saving 50K per month, so the interest/returns will be delayed appropriately. So, the returns of 72K will not happen at the end of the first year, but a year after that.
@@LovetowatcH it is possible.....I am.saving 70% of my salary for 15 years now...People are different...somebody is good at earning more, somebody else might be good at saving more...
Marriage cost, Medical Cost and many other miscellaneous costs are missing. It is for someone whose forefathers have a huge sum of many and forefathers take care of every expenses in the family and he is spending 50% for enjoyment. It is not for first generation working people.
Why do you even spend money on useless events like marriages? There are people who spend no money in their marriage, but instead, they use this money to wisely invest or make a good living out of it with their partners.
If the market consolidates for 2-3 years and we keep withdrawing monthly expense amount, this model will fail badly. 12% annual return is not guaranteed.
06:55 Understand the key parameters to achieve financial freedom based on salary and savings rate. 13:50 Investing in a corpus and taking out a small percentage each year allows for sustained growth and inflation-adjusted refilling 20:45 Saving rate and investment returns are crucial in achieving financial independence early. 27:40 Taking high-risk investments to achieve quick wealth is not advisable 34:35 Optimizing expenses, savings, and cash flow is crucial for middle-class individuals to become rich. 41:30 Successful investing requires a combination of hard work and luck 48:25 Investment allocation should be based on the risk-reward ratio and probability of success. 55:16 Variables for financial freedom: salary increase, ROI, savings rate, assets vs liabilities
Hi Hemant and Shubham. I am very happy to see the data you are sharing. My job keeps me away from family for half a year and hence even I was looking for ways to attain FIRE. Your sheet and method of explaining was very helpful. I am very thankful to both of you. Great job and keep it up. - Capt. Aashutosh.
Armed forces have a kind of better opportunity to attain the FIRE at earliest. There are some folks from forces who are behind the traiding , then making losses. Great to see these comments
Great podcast, people are complaining about some assumptions, these are some ideas which can help you change mindset and take you towards financial journey. Listening to this podcast I worked on my promotion and got 25 pct hike which was a variable for me.
Theoretically it's looks good...Also the 10% hike you get initially period of the job and not after 10-15yra of exp ...Very few people get the salary of 12 lakhs as starting salary. Real life situations are missed...marriage, new born, child etc. Hence theoretically it looks good and hardly for 1% it's possible
This is totally math and it works both theoretically and practically. 2+2 is 4 in books and in real life. It's just you have to achieve a state where you invest 50k.
Commenting on preceding comments. Video is one, comments are many. Some of the comments are positive, others are expressions of doubt or pessimism (kaise ho sakta hai etc.). Those who find value in the video are on the right track because they have optimism on their side. The referred quote of Peter Lynch is, "The person that turns over the most rocks, wins". Hemant and Shubham, thanks for sharing a great video.
Very good conversation resulted lesson for people. Problem Indian law by which different way litigation arises that's why people afraid to use their assets. Once laws started in favour of security regarding their assets, prosperity will came.
I watched ur last video with him 4 tyms.... !! And I was inspired a lot ...!! Now I m watching this video, let's see how this is beneficial for me.... Will comment again.....!! 😊
I agree, these people are telling stories, selling dreams - if I have 15 cr asset I wont be wasting my time on youtube, I would be enjoying my life travelling :D
To get a 100cr portfolio in 10yrs , which grows at 50% cagr u need initial investment of atleast 1.75 cr... why show far fetched dreams to middle-class... middle-class doesn't have 1.75cr to being with. Talk about something viable and practical for middle-class
Hi Hemant & Shubham, this is superb podcast, so much wealth of knowledge is shared here. I am thankful to both of you for being eye openers to so many.
I am generating 24% average XIRR in direct stock in last 4 years. But my mirae asset elss mutual fund giving 34% XIRR and quant mutual fund 53% XIRR in last 2 year. Now I am in should I continue in direct stock of fully invest in mutual funds
Ye sb bade logo ka game hai bhai😂😂 hum log sifr views bdhane k liye baki bhul jao fir byr Puri life gadhe ki tarha kam krte rho yehi hai garib ki life😢😢
Reading the comments here it’s so weird .. 90 percent don’t even know abc of investing.. save your money in index funds and shut up Look into your corpus after 15 years
According to this calculation, if you get 10% salary growth every year , you are already beating inflation, you don't need to invest anywhere, If after 15 year you have 50lac per month salary don't waste your 50% to invest.
9:55 the calculations will not be true in real life. Kyuki ek salaried investor every month invest karega, wo lump sum 6L se invest nai karega jis hisab se returns calculate kiye gaye hai. Initial years me jo growth sheet me dikhayi gayi hai wo reality me apke portfolio me nai dikhege. Lekin haan long term me (25+ years) me acha khasa corpus build ho jayega.
@@nadeemulla6330 Really? I did not invest in his suggestions and I am still sitting on 49% profit in 32 months... but I am sure you are the 'lucky' one.
Attention hemant sir: With due respect i see many issues in this calculation please address them 1) Indians usually start earning at 20, marry at 25, buy home at 30, kids, wife, marriage bills, hospital bills pile on expenses 2)Kids, their Education, wife, hospital, marriage, home loan these things are not considered on expenses side Savings at 50% is impossible with these basic needs in our culture and income above 10l post tax is only top 5% Indians earnings And if these basic needs are there then less savings and ya FIRE IN 30YEARS I.E. 20+30=50years Hope you address these major issues hemant sir
Hmare India ki ek dikkat hai, Hum ek policy sabhi income groups pe thop dete hai............. India is great, but Its true It will take decades to grow money, But takes few seconds to loose all.
Biggest barrier is society, marriage and these things which pushes us to take decisions like laon for home, car and the whole EMI trap. And with increasing salary, people try to increase the standard of living, and don't keep the expenses stagnant relative to inflation
Sorry Sir, me ye podcast pura nahi dekh raha because isame salary person ki baat ki gayi hai. Me students hu, and I don't earn money therefore bas last wala part pura dekha hai, but koi baat nahi aap youths ke alava salary person ke baare me bhi soch rahe ho ye Jaan kar khushi hui.
Great work hemant I spoke to shubham Sethi logical investor ..I had been following you since last 7 yrs you are very consistent in your work love your content and get inspired 💕
I have watched so many videos on FIRE, but this one is mind blowing, your Excel sheet is very easy to understand, no doubt. Whose that guy 50% CAGR returns?? One Request - Please make podcast with that guy (which Shubham sir talking in podcast) who made 50% CAGR in 10 year.
Recently encountered your video, this was really a mind boggling video for sure. It's pure math and the good part of the math is it always works. One request to create a video on your home Airbnb income, can we think of it as a side income.
Ye sab faltu ki baate hai not apply in real world bahut kam log hai india me jiske 1 lkh salary hai sabhi gyan dete hai har kisi ka apni life hoti hai time to har kisi expenses bhi badhega expenses har saal same nhi rahega
To unko 1 lakh salary tak jane se kaun rok raha hai? Growing one’s income is the most importantly thing. Nahi to invest karne ke liye paisa kaha se laoge?
How can a person with 1 lakh salary save 50% in a metro city? Rent is sky rocketing every year, what about electricity, gas and fuel expenses, these are just the bare minimum necessities, kindly explain??
18:00 He says his return on investment is 20%. This is the accelerating factor which is very rare. Btw did he buy a house? Is he not paying house EMIs?
Subham is very rational person. i like his thought process. the most imp part of the video is @38:30 onwards for a matured and experienced investor who can definitely relate to it
Bro the most important thing that is not include in chart is that LIFE is not consistent like that chart show and even stock market What about fire from job or no job or even mediacl emergency What about share market crash the n the all calculation goes some where else Do you think this chart is practical or only logical I think more logical than practical Think about it Many variables doesnot consider in the chart If considered then i don't it possible in 15 years
You need to divide your post fire life into parts (10/12/15 Yrs) and the expenses for the current/ongoing part should be in safer investments like FD , so that you won't have jitters even market crashes
Things don't go same in theoretical and practical world. Your expenses won't be same forever. Your children will get older. Their education expenses, someone in family may get very ill. You may want to buy car-house at some point.
That guy he is talking about is I pretty sure Vivek Singhal he has RU-vid channel also his portfolio is also 100cr and he says he achieved 48% Cagr in last 10 years after he left his job at 30.
This is absolutely not realistic 50% savings ??? Concept is good though Also what about larger investment like buying home .. car ..kids education .. family celebration etc etc
I last 5 years - My salary has multiplied 5X , from 20L to 1 crore - all i did is invested on my Skill Upgradation - I stayed away from stock market all this time, should I start investment in MFs or in direct stocks? am 38 years Data Scientist & want to retire at the age of 45 years
Very difficult for you to retire in 7 years. Whatever your expenses, you need a corpus of 40X more than that to retire comfortably. Only you can decide if that is achievable or not. Good luck to you.
Bas sab yehi chate hein , financial freedom mil jaye aur naukri naa karni pade bas pade pade paise aate rehe. Financial guruji ne market instability factor-in nahi kari , ye nahi bataya ki agar kal aapka investment doob gaya to kaha bheekh maangni hein . ye sab scam hai market mein invest karne ke leya , mehnat karo aur jitne time naukri/business kar sakte ho karo , bhavashiya aur jeevan ka koi bharosa nahi , sabse bada investmet tum khud ho , apne aapko banao , in logo ke chakkar mein mat pado !
the figures in Investment post expense column are wrong because you are deducting the expenses from the amount if no withdrawal is made but if start withdrawing money then we doesn't get interest for the amount that has been deducted.
Expenses toh badh hi ni paayenge aise, only inflated expense is considerd! How would someone buy a new house, a new car, children education, unexpected medical expenses and what not... Please try to consider those too then only it will sound practical, rest other aspects r good!
Hi Hemant, a slightly unique request. its about Bharti airtel. in their broadband plant their is some locha the way they charge the customer vs how they do internal accounting. e.g. Rs. 799 plan. they tell customers that its the charges of broadband service but internally they consider Rs. 649 for broadband and Rs. 150 for platform services. / My concern is that are they inflating revenue of one business unit and providing wrong picture to investors or are they lying to customer and are changing them these Rs. 150 un-necessary. So request to you is that is there anyway this can be figured out or anyone to whom I can report this?
Nice work but This would have worked 10 years ago boss.. please be realistic guys.. Don't know how people are saving 50% , I earn 2 lakhs per month and despite being frugal , I cannot save 1 lakh .. there are so many expenses such as rent , grocery , school fees etc. Unless you stay in Himalayas this won't work out.. people please do your home work.. just don't go by RU-vid creators 🙏🙏
50% saving is next to impossible for a lower middle class people and there too many expanses which are independent of the time. family increases and inflation increase in papers vs in reality is to different things. More over how do you expect to buy things which matters the most. 10% increasment every year is another impossible thing. Also its human nature to consume things instead of saving.
