₹1.9 LAKHS PASSIVE INCOME?
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Kirtan Shah:
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Welcome to the second episode of The 1% Unfiltered - where we answer unfiltered finance questions of your life.
In today’s episode we have Mr. Kirtan Shah - renowned financial planner, with more than 14 years of experience. He runs Credence Family Office, where the company manages more than Rs.8,000 Crores of AUM of HNIs and millionaires of this country.1:08
Watch the full video and let me know your thoughts in the comment section below.
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Timestamp:
[0:00] : Highlight
[0:33] : Introduction
[1:08] : 1.9 Lakhs Passive Income By Selling House
[6:12] : How To Diversify & Grow 1.6 Lakhs / M Corpus?
[11:44] : How To Create 30,000 Passive Income With 20 Lakhs Investment?
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Sharan Hegde is a personal finance expert who has been featured in Forbes, Economic Times, Mint, Times of India and many more. He is the Founder of The 1% Club, India's biggest finance community which helps people achieve financial independence.
#financewithsharan #finance #sharanhegde
I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Mind if I ask you to recommend this particular coach to you using their service?
Leticia Zavala Perkins, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
Her name is “Vivian Carol Gioia” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Although I have interests in global economics I don't watch the news anymore... I have enough FUD lol. Thanks for this news and offering your insight on how to navigate during unfortunate times/events like this. You're right about keeping level headed when investing so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present has enough to know issues going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 16 btc from day trading with Kerrie Farrell in few weeks, this is one of the best medium to backup your assets incase it goes bearish...
As a beginner, it's essential for you to have a mentor to keep you accountable...
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this..
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience..
The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways.....
This is exactly what Big time investors are talking about, not just you. key thing here is to always trades with a good strategy even if the price goes up or down....
Somebody please ask the caller Suraj not to sell his house and get into this mess… one house to live is a must … since you already have it , please hold onto it
Yes after 10 years he will regret his decision
Because all this mess looks good on excell sheets
But In my personal opinion the real inflation is 10 percent (6-7 percent actual inflation+ 3-4 inflation on aspirations)
If he will withdraw 8 percent from a volatile investment and grows it at a rate of 4%(12-8)
To yearly inke corpus ki value kam se kam 3-4% kam hi hogi
Desi bhasha mai bolu to agle 10 saal mai inka rent double ho jayega but vo 8 percent nhi hoga jisse ye loss mai hi rahega
Aur jab tak ye chij inko samj ayegi tab tab kafi loss ho jayega inka
Rent will double over time. Market is not going to give 12% Y0Y.
That could be a blunder. Especially seeing that he would be going on for almost a 2 L per month rent. Further this will keep on increasing with time. It could have been a better choice if he would have decided to spend on rent below 1 lakh at the max.
What about capital gain tax on selling the house
Yeah. I am gonna speak to Suraj now about this
Thank goodness you brought this up!
Truly, i:nvesting has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life.
Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!..
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
As a beginner I would recommend you get started with a professional broker that will guide you through the process and trade for you while you get the daily profit and rewards.
Do you mind sharing info on the adviser who
to
assisted you? I'm 39 now and would love
grow my portfolio and plan my retirement
SARAH JENNIE DAVIS
That's my licesed Financial advisor you can easily look her up, Thank me later!
Maths definitely not adding up, taxations not considered, security deposit of rented apartment has not been added up and since rent won’t remain same that’s also an issue plus property appreciation has been neglected. Risk appetite gone for toss
Also fund manager charges 3%! All fund managers are scammers. Anyone who buys into this deal, revisit this video after 5 visit and look back at this comment.
I agree with you. Apart from what you said, It's foolish to sell land in Mumbai. If that was a flat, then it might make sense
Wow, 24 lakh per year rent is 6.8% of 3.5 cr. If you sell the house for 3.5cr the ltcg tax to be paid on this is 20% you will be left with 2.8cr.
Assuming 12% returns. You need 2yrs to just reach 3.5cr capital. Just imagine if rent increases by just 10%. Sharan kindly don't spoil people's life
Yehi hota hai bhai..when naivr become a financial advisor
It’s not a flat 20% on the sale proceeds. There are indexation benefits, house improvements, etc. that are deducted before LTCG is applied. Also not considered by this “guru” is expense ratio and capital gains taxes on the SWP.
Yes i was actually thinking how can he miss the part of rent increment
Why to sell a house and put it in balanced advantage fund. He is in a way getting 6 to 6.5% per annum as rental yield on the current house (Since his current house price is 3.5 crores and the rent he will pay if he move to new house is 1.9 lakhs per month). Even if the house appreciates another 5% per annum he will still make 11.5% returns on the house. Balanced advantage fund + liquid fund together in general will not generate more than 12% per annum and you will lose peace of mind.
Also you have to pay capital gains on the sale of the house.
Exactly, and rent will increase, security deposit, as much as I used to like him this advice did not sit right with me
Gentlemen you are suggesting to park 3 crore in hybrid fund for around 12 months and then start SWP from the fund . My dear it seems by your age that you have not seen past 25years of stock market where stock market doesn’t perform 7-8 years in continuation. If it happens how the person can start SWP just after 12 months I. E @8percent . My dear it is stock market. It doesn’t behave as we think. I appeal to all viewers we must invest in mutual funds but first do your home work before investing. Believe the people who are fluent in English speaking are not so intelligent as we think.
Thanks . Makes sense to me
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some professional advice.
Thanks to Mrs Deborah Davis.
She's a licensed broker here in the states
Who all think that both the suggestions were utterly stupid? My reasons
1. LTCG tax on house is 20% after indexation unless Captial Gains are invested into a house or 54EC Bonds (ROI 5.75%). None of which is suggested. We don't know how it can be from the conversation. I like the suggestion of fractional Commercial Property, maybe suggestion to generate better rental income from the House would have been better suggestion.
2. 1.6l invested at 15% step up SIP with 12% returns for 10 years will create 6.5 Cr and not 12Cr.
3. I think they are just throwing numbers randomly without any practical implications. 15% step up every year for 10 years is quite difficult for someone with already very high pay like Pawan. Image for the last 10th Years down the line SIP is 5.68L.
Its very important in Financial Planning to have a practical plan to actually make it work. 1.6l invested at 10% step up SIP to create 5.4 Cr wealth is somewhat practical.
yes
Perfect
yep
At least someone ran the number, I was also wondering, Even step up 20 % won't get you to 12 Cr in 10 yrs with 12% CAGR
About the last lady, earning 1000€per month means, depending on the city where she will live.... the monthly house rent alone will be 400-800€per month. Monthly expenses will cost 200-300€. Also, taxes and insurance(mandatory in Germany) will be easily 15-40% of income. So 1000€ is actually way less income. Min in-hand expected income(excluding taxes and insurance) should be 2000. Only then it makes sense to go n earn in Germany
Lovely podcast again. Whole conversation was very well diversed and covered what is being expected.
Thank you!
Glad you enjoyed it!
very very knowledgeable and informative, thanks Sharan
Keep bringing more, love to listen and gain a lot of knowledge here. Keep making Indians knowledgeable in finance. 👍
Its critical to understand, that it depends on risk appetite. I studied lots of technical analysis. Stock markets and all is good but its best to invest when geopolitical tension are eased. Today nobody knows when the war is ending. People may lose 3-4% return as MF can give 12 instead of 8% FD. But in one year you will clear about geo political tension and whether developed nation are going into recession or not. Investment at shaky grounds are very risky. Those who invested in 10 years and those in covid times got same returns. Past is not the future.
Amazing sharana we love this..❤
What a fantastic session! The issues discussed are very common among the lower and upper middle class, and the customized solutions for individuals are perfect. I can relate my own problems to those of the people Sharan and the expert were talking to. Keep up the great work with these kinds of sessions. Thanks again!
The session was great but figure was wrong.
Very good session really enjoyed... Thank you saran... 😊🎉
I have decided to buy a budget apartment in the outskirts of the Mumbai, where I am going to pay an equal amount of EMI (equal to rent) and will pay the extra EMI or lumpsum amount every year during first few years until principal or period of the loan will come down significantly.
I understand I need to pay maintenance charges and property tax, out of which I believe most of the owners are adding up to the rent only.
These days there is significant demand in rental houses. Owners are increasing the rent by 10% to 12%
I m showing jst for one main reason.. kirtan shah.. amazing financial advisor... Love that ❤😊
This seems like the worst period.
Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Devion Jane
I agree just reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading..
Please educate me, i'm willing to make consultations to improve my situation,
Her technical analysis is excellent and her interpretation/projections of the market are so accurate I sometimes ask myself if she is a human The point she is the perfect trader to follow for advice and guidance
Wait is this the same lady? That helps me with 17k investment “wow" such a small world..
The 1000 euro .. I think Germany cost of living is sky high .. if she saved roughly 500 euros also it's only arround 40k per month .. which is pretty low ..
What about the capital gain tax ..after selling the house. .Need to invest in 54C bonds or buying another real estate
Not possible to invest the entire 3.5 cr if you are selling the property. There is long term capital gain involved in this deal. Either you should pay 20% of the profit as tax or you should re invest in land or apartment to avoid capital gains. In this case the gain can be substantial amount based on when they bought the property. One thing for sure they cannot take the entire 3.5cr and invest as these guys say.
Yes after 10 years he will regret his decision
Because all this mess looks good on excell sheets
But In my personal opinion the real inflation is 10 percent (6-7 percent actual inflation+ 3-4 inflation on aspirations)
If he will withdraw 8 percent from a volatile investment and grows it at a rate of 4%(12-8)
To yearly inke corpus ki value kam se kam 3-4% kam hi hogi
Desi bhasha mai bolu to agle
Sango subscriber spotted ❤
your videos help alot of people. Would you make a video talking about debt and how to get out of it if person has a low-mid income
You have to pay high expense ratio on hybrid funds that of equity and returns will be less compared to equity focused funds
LAMF or LAS would be a great option vs the suggested SWP approach that immediately triggers capital erosion. Get the LAMF/LAS as an OD with a revolving line of credit, enjoy your returns, avoid capital gains, exit loads, etc., keep the capital compounding for life if possible. Check out the buy, borrow, die strategy.
Wonderful session and really good idea for call session.
For house sell, never do it, person should have own house in life otherwise very hard to pay rent life time.
Kirtan is right about abroad, India culture is the best and u have to compromise with many things in abroad.
You can't get family life, culture, festivals like India in other countries.
Don't leave India, you will miss India lifestyle when u r in abroad.
I miss my India lifestyle.
This type of content is really good 👍
Many doubts cleared 😌
Thanks dear🙏🙏
Good show..keep it up!
Post more contents like this Sharan
Informative video
I expected them to suggest something like half of the 3.5cr into a flexi cap mutual fund, other half into a debt/hybrid fund. Do SWP from the debt fund, while the equity MF compounds at a much faster rate. Why would you disturb compounding in an already low return asset?
Please make this kind of videos on a regular basis.. May be once weekly.. Loved it.
U paid 22 lacs to be at Cannes and were not invited actually - is this true ? Like wow
Very Useful!
Please help - : I have a folio of 1.5 cr plus. All in Equity. 70% in index funds (Nifty 50 and Next 50). Both funds are from the same fund house, happens to be UTI.
Should I choose a different fund house for my further investment to de-risk the fund house concentration? OR it doesn't matter?
If it gives you a good sleep at night. Then definitely yes, split it up into as many mutual fund houses as you like, . Given they are index funds, there will be NO OVERLAP, even if you select n number of mutual fund houses
What about tax arising on LTCG (long term capital gain tax) of 20% amounting worth ₹70,00,000 on sell of property for ₹3.5Cr. Will it not be deducted in that same financial year ???
Am not a tax guy so correct me if I am wrong please.
The person is not thinking this way. He has asset of 3.5 crore with and income of 3.2 lakh per month , I don’t think the income is enough to have rent of 1.9 lakh per month even if considering 3.5 crore gives 12%. This hypothesis gives u 6.2 lakh per month and you will be spending 30% of your income on rent . Totally not worth of giving 1.9 lakh in rent. Rent should not be 10-20% of income.
HE WILL HAVE TO PAY CAPITAL GAIN TAX. NO ONE TAKES THIS INTO ACCOUNT.
10% in liquid
20% in Debt
30% in Balance Advantage
10% in gold
30% in Index or RIETS
This all will go to drain once the market gets into stagnant growth mode like most of the economy. Concept of PPP is not implemented correctly they just forget to tell saving would be min 2x post PPP logic expense abroad.
Who r these ppl with 2 lacks per month income
Thanks Please make a video for people who inherited property cash example Rs 1cr on how they should have a well-diversified passive income for retirment.
If he sells the house he will have to pay 30% taxes, unless he buys a new house within six months.
It's foolish to sell the house and invest in paper money.
What will happen to capital gain of sales proceeds of house
Everyone is suggesting what to be done with the money left or they get 😂im still wondering how the company bare paying 5-6 lakh per month at the age of 36- 37
3.5 cr house vs 1.9 lacs rent is close to 7% rental yield.. if you assume a conservative 4-5% appreciation thats 12% increase in funds.. without too much risk.. purely financially speaking one would be a fool to sell the house
In the first question you guys forgot to consider the rental inflation which is very basic things to consider while giving financial advice
Simply great!! Any playlist for such content?
Hi Sharan can you help understanding 1.6lac SIP with 20% annual step up,12% return for 10 years can give 8 cr.
Is there am I missing anything?
i also confused how they say its just power of compounding. they should have showed some formula
Big Money Come this 2024 🎉🎉Like it ❤
Hi Sharan, please enlighten us about any organized approach for investing in business startups?
Good Session 👍
Glad you enjoyed
Nice...sessions. Looking forward more these type of sessions...thanks a lot...it increases the thinking visibility as the practical scenarios explain like these...thanks for the efforts...
Learning finance from social media is the worst thing you can do
My cousin earns 110k usd in new Jersey and drives a tesla
I earn 27 l fixed and drive a baleno
These are the things ppp does not consider
1. City of living, in usa you could stay outside of city, stay cheap and commute to work.
Is that possible in Bangalore, mumbai, chennai?
2. Indian public healthcare and education is not remotely comparable to developed countries.In India private healthcare inflation rate is 15%
I feel sorry for the guy who decided to sell his house after getting brainwashed. Someone please stop him.
The last one not what she looking at from what I hear ! She needs baxkup corpus ! So she can simply leave that 20 lakhs in an index fund or balanced advantage or mix of both ! Once she some how return to settle in India she could cash it out if its needed !! Not necessarily needs a to do an SWP since she doesnt need it now !!
The rent considered in both first cases are average rent for the next 10, 20 years or we are just assuming the rent will not grow 10% per annum and even more in cosmopolitan cities.
Bro just took a bank loan to invest in Stocks. I can never be bold enough although it was a blunder. But, hats off to the courage.😅
*I'm favored, $22,000 every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.*
Thanks to my co-worker(Alex) who suggested mrs Elizabeth Regina Nelsen
She's a licenced broker in the States 🇺🇸
Elizabeth Regina has really set the standard for others to follow. We love her here in the UK as she has been really helpful and changed lots of lives.
I use to work 3 jobs, full time at Walmart,a server at night and Lyft on the weekend,until Elizabeth Regina Nelsen change my story.
This sounds so good and I would like to be a part of this. Is there any way I can speak with her?
People Really don't know how to SWP please explain clearly regarding swp. It will help all the people
Hi Sharan, great video as always! I wanted to share some thoughts regarding the advice given to Suraj by Kirtan. While Kirtan's investment suggestions are valuable, I believe it's crucial for Suraj to consult his CA regarding the long-term capital gains (LTCG) tax implications on the sale of his property. The LTCG tax on the sale of a residential property can be significant, and there are exemptions under Sections 54, 54EC, and 54F that he might benefit from.
To save on LTCG tax, one option is to reinvest the capital gains in another residential property, as outlined in Section 54. Additionally, investing in specific bonds under Section 54EC or reinvesting the entire sale proceeds in another residential property under Section 54F are viable options for tax exemptions.
While Kirtan's job is to suggest suitable funds as a fund manager, it would have been helpful if the tax implications and potential exemptions were also highlighted for better understanding of the audience. This way, Suraj and others in similar situations can make more informed decisions considering both investment opportunities and tax liabilities.
Just to note, I am a real estate guy, not a finance guy, but I felt this point was important to mention for clarity.
Thanks for providing such insightful content!
Best,
Salman Shaikh
Upscale Properties, Pune
Well the plan just factors 1.9 L passive income till undefined time but rent hikes by 10 percent or some times 15 percent
very good advice
How come pawan reddy can make 12.2 crores with compounding annually? With 1.6 lacs monthly saving compounding annually with 12% annual returns it will be ~3crs. And sharan corrected it and said 12.2 crores 😂😂😂
Even with 20% step up it will become 8 crore…😂
😂😂😂😂 When u are high on weeds😆😆 1% experts u see 🤣🤣🤣🤣
Time horizon 10-12 years with 15% step up will make.
If he invests 1.6L monthly with 20% step up annually, he will reach 12.83Cr @12% return per annum.
But at 20% step up, his monthly sip would be 14.26 lakh per month in the 12th year, which seems impossible with his current job paying 5L/month.
Love this format!
As I have had mentioned earlier full dave ramsey vibes! Keep this kind of content coming.
More to come!
What is small, mid and large cap?
I did the math myself. At 12% annual interest rate and with compounding at Rs.1.6L investment per month, it comes out to be 3.7cr.
sorry, i might be wrong , please correct me- in puja's case, 8% of 20Lcas is 16k right?
Amazing!! How can i be in the position to ask you a question like this?
Even after considering indexation benefit, tax would still be sizable.
Just a friendly suggestion to Sharan. Please let your guests speak and do not interject. It spoils the otherwise brilliant content you bring to the table.
Sharan and team can we have the full Podcaster please Thanks
18:30- 1000 euros in Germany is very very low. Even a studio apartment would cost you almost 600-700€ in smaller cities like Dusseldorf & rest 300€ will go in utilities and food. Leaving you with nothing, infact you might be short . Anything less than 2.5-3k € is not worth shifting to Germany
Very true.. i guess that caller needs to definitely research better..
Suraj is ready to loose his current peace of mind just to make some more money 😁
Bro has 2.25L left after expenses. Why will it be difficult to make corpus ?
Don't sell the house guys, Skills >> Gold ~=Land > Stocks/MF > FD > Cash
U summarised the personal finance and prioritizing fund allocation in just one line.
this was by far the best video...we need more of this
Hi sharan bro.. I have invested 1.75 cr (50% loan) for commercial building.. I'm getting 12lakh p.anm rent is it good...
Hyderabadi guy have to invest almost 230,000rs per month after five years and 460,000rs per month after 10 years as per 15% step up. Final result of 12 cr is nice but is it practical to achieve this number?
Biggest problem with 1st & 3rd caller is they want SWP. If they start swp they definitely not gonna create wealth. Instead leave money in the market for Atleast 15 years then start swp.
True..
Step up Swp.
Start from small swp than increase your withdrawal amount every year.
It will create Magic.
Please keep on coming these content. Very helpful. Thanks bro.
More to come!
How to contact sharan to ask questions in this podcast ?
Sharan...Any long term wealth generation( 20 to 30 years horizon)...You shd consider adding a good farm land for food security...
Is it so for a eye disability person?
90 lakh will go in taxes, he will be left only with 2.2 cr considering commissions in sales and other taxes
@Pooja : Please revisit your homework about earning potential in Germany , as mentioned PPP and inflation in Germany is way more high.
I afraid it will be an unexpected blow for you.
I think i am much better off living in Tire 3 hill station city , and earning multiple rental incomes from tire 1 cities.
I think i am from 1% club and living and working in a healthy and peaceful environment.
I did my BE in computers way back in 2005 but left rat race job within 1 year.
I made all my fortunes in real estate and i am much happier to get 2% rental income + 3 % Property value application, which is approximately 2.5 L per month + 2.5 L a month combined salary income + 2 L pension from my parent's
you guys forgot to add inflation in that 1.9L rent over the time.....
Why no one talked about capital gain tax for selling the house ?
caller SURAJ if you are seing this comment please I have a suggestion. But these are all calculations, a small difference can mess it up for you. Considering that you are not alone but is having a joint family dont sell your house. Anyway you are holding house and also is having a good salary. Build your wealth from income and keep your home. Living together in your own home makes you feel better, you can earn better and live peacefully. You will regret your decision of selling your home in future.Keep atlease one home, consider rethinking.
In 1st question
I'm disappointed why someone this famous and this intelligent fail to consider year on year rental inflation by 10% ...... rarely anyone talk about rental increment year on year by around 10% or whatever landlords wish
I like videos a lot
Thanks a lot for educating us❤
Where in india residential property giving more than 6 percent return..and if that is the case person should not sell it
I'm 31 y old unmarried and I have saved 11 lacs till no. No property till now. Living in a rented flat with my parents currently. I recently lost my job. What should I do to reach financial freedom or 10 cr corpus by age 35?
Small and mid cap in its all time high, better to let them fall for at least 20% , till then he can just dump in short term debt or fd
1.90 lakh per month rent for living. 😅😅
Welcome to Mumbai
100K in USA is equivalent to 24 Lakh in India ? By this You mean Which city of India, Can we consider Delhi / Mumbai or Tier 2/ Tier 3 cites of India
Kirtan is at super advance level then sharan
Capital Gain should be paid to government right. That will be huge money to be paid as tax.