#passiveincome #financialfreedom #personalfinance #fire
In this new episode of INDmoney’s Podcast, your host Nikita sits down with the inspirational Mr. Feroz D'Silva from Mumbai-an author, speaker, and finance guru 😎.
Watch the full podcast to discover how Mr. Feroz manages all his expenses through passive income amounting to ₹1.2 lakh per month. In addition, he has a 30-year career as a software professional specializing in data and analytics and is now financially free through passive income. Learn his expense management strategies that you can implement too!
In this episode we will cover:
- His personal journey to financial freedom
- Practical steps to build passive income
- Ways to manage expenses via passive income
- And some unique investment strategies
Link to his books - GIRL be on FIRE & Portfolio Protection: www.girlbeonfire.com/
So whether you're just starting out or looking to enhance your financial game, this podcast is packed with actionable tips and empowering advice. Watch till the end for exclusive insights on achieving financial independence!
Timestamps:
00:00 - Introduction
02:27 - His journey: What inspired his focus on writing, personal growth, and saving habits
04:23 - Mindset shift after liquidity issues while working at a startup
05:14 - Using Microsoft Money to track 6 years of banking, finance, and investments
06:35 - Behavioral patterns in expenses and investments: Key findings
07:58 - Evolving views on success and financial security over 30 years
08:40 - A friend’s 50th birthday resignation: Choosing happiness over money
09:21 - Learning from a friend’s perspective and reassessing personal goals
10:08 - Defining passive income
12:22 - The 5 categories of expenses: Expense management techniques
15:47 - Behavioral patterns in investments
18:18 - His early strategy: From FDs and mutual funds to equities
22:35 - Beginning his trading journey in 2019
24:47 - Managing passive income amid rising costs and inflation
30:06 - Portfolio allocation strategy
34:14 - Monitoring income from multiple sources
37:44 - How financial independence boosts confidence
40:37 - Will passive income sustain in the long term?
43:00 - Advice for newcomers starting their financial journey
45:07 - Conclusion
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