Have received few requests for template sharing access. Please download the file and make your personal copy so you can input your own numbers and check progress/define targets
@@surojitsharma Are you getting any error when you try to download? I checked with few folks and they could download by clicking on File --> Download -> Download Microsoft Excel
Very well explained only 2 things missing from this is Lifestyle inflation and personal inflation (non-negotiable inflation like healthcare and child's education), is somehow these two can be factored into this case study it would be kick-ass
Yes that would be kickass indeed! Both lifestyle and personal inflation have significant impact on the expenses and savings but aren't as easily measurable so articulating them in a short video and in an excel sheet becomes complex (the video already was much longer than our typical average!). Will try to do a separate video highlighting these in the financial model.
Regarding your returns numbers: Would you mind explaining how debt funds returns turned out to be 22%? Thanks for sharing your journey which spanned over 20 years. Helps in understanding the mindset.
That actually includes our investment in venture debt funds that also has an equity share. The combination of that equity share and the venture debt has helped achieve that high percentage.
Here it is docs.google.com/spreadsheets/d/18wb3tvwXWFi_ZNzGOk0h0h2IxgNEON3r/edit?usp=sharing&ouid=108853903297579004833&rtpof=true&sd=true Pls download rather than making changes in the online version.
I am 44 now, i closed all my business loans only at the end of my 41 year and started saving since then. By early 2022 i started aggressively investing in mutual funds via SIPs at a rate of 2 lakhs per month. Over time i had to reduce it to 1.35 lakh. Now im at 57 lakh including my gains.When can i cross a crore ?
Indeed. Earning more and having 2x increase in salary every 5 years can have a much bigger impact towards financial independence than reducing expenses (... unless someone is spending all of their salary!)
Never too late to to start saving and investing! The process starts slow but then the impact of compounding after 7-9 years kicks in and the savings and investing start growing exponentially
Nice vlogs. Pl continue in hindi language. Its more who can get connected with you. Your excel is not workable. We can not enter figures in it ? Is it locked ?
Hello Madam / sir!!! Can please share your opinion on how to maximise wealth for 30+ My case im in 37 NRI living / Working in Dubai with 2 kids studying in Dubai I... spending most of salry in living expenses and With the healp of TH-cam videos from several other good humans like you, I started thinking about wealth creation and Future planning... Last 2 years i taken huge loan 100K $ which is huge for me and invested in Equities in 80% in US stocks (Tesla, Nvidia) 20% in Indian Direct stock.. Could you please enlighten some financial ideas on how to change my present allocations and should i close my loan before 40 and proceed with excess i get or let my stocks selection grows Thank you!!! I will be greatful if u take my case.. and give some Ideas.
Firstly, don't invest money on loans but on savings. If there is a market crash, not only do you lose your investments but also have to repay the loans!
With your current net worth of 4CR and a yearly expense of 10 lakhs, you should be able to retire, as that is a 2.5% withdrawal rate. As mentioned in our video (th-cam.com/video/RKN3eKrd7Ec/w-d-xo.html), there are a few things you should keep in mind: 1. Make sure your include all the taxes (Income Tax, LTCG etc) in your expenses. 2. The 4CR should be well diversified and invested in equity, mutual funds, debt funds, fixed deposits etc 3. Have a plan to retire TO somethings and not just retire FROM somethings.
@@TheFIREdCouple It is working now 🙂 BTW you have shown your returns in various asset classes in which Debt funds given 22%. How is that possible? or just an example. Anyways thanks for your videos. I watch your videos, got to know from Desi FIRE podcast Ravi. I am not salaried person thought (into business) 🙂
The 22% is based on the private equity / venture debt that includes the equity shares. Maybe we should have broken this further. Thanks for following us and giving your feedback. Very helpful. Do provide any suggestions / topics you think we should address or talk about.
@@TheFIREdCouple got it. Thanks. I don't know if you have covered it already or not but I would love to see a videos about asset allocation for small-mid size folios (1-2 Crores) especially investing mutual funds if one should prefer passive funds or active funds if investment horizon is 10+ years.
Have received few requests for template sharing access. Please download the file and make your personal copy so you can input your own numbers and check progress/define targets
Could not able to download
Oh. Let me check the link.
Could not download
@@surojitsharma Are you getting any error when you try to download? I checked with few folks and they could download by clicking on File --> Download -> Download Microsoft Excel
@@TheFIREdCouple
What a simple way to explain this complicated math. You made it simple. great job my friend
Great content, thank you both of you for sharing these insights.
Glad you enjoyed it!
Very well explained only 2 things missing from this is Lifestyle inflation and personal inflation (non-negotiable inflation like healthcare and child's education), is somehow these two can be factored into this case study it would be kick-ass
Yes that would be kickass indeed! Both lifestyle and personal inflation have significant impact on the expenses and savings but aren't as easily measurable so articulating them in a short video and in an excel sheet becomes complex (the video already was much longer than our typical average!). Will try to do a separate video highlighting these in the financial model.
Great information madam,you explained in simple way ........thank you so much madam......its really help to middle class people like me.....❤❤❤❤❤❤❤❤
You are welcome!! Good ki aapko video pasand ayaa
Regarding your returns numbers: Would you mind explaining how debt funds returns turned out to be 22%? Thanks for sharing your journey which spanned over 20 years. Helps in understanding the mindset.
That actually includes our investment in venture debt funds that also has an equity share. The combination of that equity share and the venture debt has helped achieve that high percentage.
@TheFiredCouple I am not able to see the excel sheet link. Could you please share the link via comment directly ?
Here it is docs.google.com/spreadsheets/d/18wb3tvwXWFi_ZNzGOk0h0h2IxgNEON3r/edit?usp=sharing&ouid=108853903297579004833&rtpof=true&sd=true
Pls download rather than making changes in the online version.
I am 44 now, i closed all my business loans only at the end of my 41 year and started saving since then. By early 2022 i started aggressively investing in mutual funds via SIPs at a rate of 2 lakhs per month. Over time i had to reduce it to 1.35 lakh. Now im at 57 lakh including my gains.When can i cross a crore ?
If u r invested 1.35 lakh per month for so long years hw is u r gain not crossed 1 cr suprising
In summary, we need to increase our focus on earning more and reducing expenses. Or at least keep them grounded.
Indeed. Earning more and having 2x increase in salary every 5 years can have a much bigger impact towards financial independence than reducing expenses (... unless someone is spending all of their salary!)
Great👏🏻💥
What is the situation for a person already on 40's and earning 1 lakh how to start saving 15 years ?
Never too late to to start saving and investing! The process starts slow but then the impact of compounding after 7-9 years kicks in and the savings and investing start growing exponentially
Thank you so very much madam
You are most welcome
Plz post viedo on english version
Will try to put a version with subtitles
Nice vlogs. Pl continue in hindi language. Its more who can get connected with you. Your excel is not workable. We can not enter figures in it ? Is it locked ?
Thanks. Will try to make more videos in Hindi.
The excel can be downloaded and then changed
Hello Madam / sir!!! Can please share your opinion on how to maximise wealth for 30+
My case im in 37 NRI living / Working in Dubai with 2 kids studying in Dubai I... spending most of salry in living expenses and With the healp of TH-cam videos from several other good humans like you, I started thinking about wealth creation and Future planning...
Last 2 years i taken huge loan 100K $ which is huge for me and invested in Equities in 80% in US stocks (Tesla, Nvidia) 20% in Indian Direct stock..
Could you please enlighten some financial ideas on how to change my present allocations and should i close my loan before 40 and proceed with excess i get or let my stocks selection grows
Thank you!!! I will be greatful if u take my case.. and give some Ideas.
Firstly, don't invest money on loans but on savings. If there is a market crash, not only do you lose your investments but also have to repay the loans!
If I send my financial plan over an email, would you be in a position to review it?
Sure. We can give our feedback but just keep in mind we aren't financial advisors ;-)
@@TheFIREdCouple You definitely are not advisors, but then, I trust my judgement on where to seek the advice. How do I reach you?
i could not find any excel template for downloading....
It is in the description above. Here is the link again - rb.gy/dd37eh
How much money did you retire with
Please watch our video next week. Will give you some insight into your question.
My age is 42 and net worth is 4 crore. I don’t own a house. My current yearly expense is 10 lakh. Can I retire?
With your current net worth of 4CR and a yearly expense of 10 lakhs, you should be able to retire, as that is a 2.5% withdrawal rate. As mentioned in our video (th-cam.com/video/RKN3eKrd7Ec/w-d-xo.html), there are a few things you should keep in mind:
1. Make sure your include all the taxes (Income Tax, LTCG etc) in your expenses.
2. The 4CR should be well diversified and invested in equity, mutual funds, debt funds, fixed deposits etc
3. Have a plan to retire TO somethings and not just retire FROM somethings.
@@TheFIREdCouple Thank you 🙏
The excel file download link is not working. Kindly check
Oh ok. Will check.
@@TheFIREdCouple Thank you for your reply. Even now the link is not working and not able to download
@@dileeshks Can you please share the error message you are getting? we checked again and we were able to download (with personal ID)
@@TheFIREdCouple I understood the issue. The Government here was blocking the site. Hence I used a VPN and it worked. Thank you so much
Brilliant
Thanks!
All number Post tax. Its important to mention this ?
Indeed. It is 'Net Savings', as in the excel sheet
The Google sheet is private.
Oh thanks for pointing that out. Let me check and put it again.
Please check now. Should work
@@TheFIREdCouple It is working now 🙂 BTW you have shown your returns in various asset classes in which Debt funds given 22%. How is that possible? or just an example.
Anyways thanks for your videos. I watch your videos, got to know from Desi FIRE podcast Ravi. I am not salaried person thought (into business) 🙂
The 22% is based on the private equity / venture debt that includes the equity shares. Maybe we should have broken this further.
Thanks for following us and giving your feedback. Very helpful. Do provide any suggestions / topics you think we should address or talk about.
@@TheFIREdCouple got it. Thanks.
I don't know if you have covered it already or not but I would love to see a videos about asset allocation for small-mid size folios (1-2 Crores) especially investing mutual funds if one should prefer passive funds or active funds if investment horizon is 10+ years.
please post in English
Will try to put a version with subtitles
Entitled much? Please go to a channel which post content in English or learn Hindi yourself! 🙄
English please
Will add subtitles