Expense Covered by Passive Income (I Don't Touch My Salary)
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- เผยแพร่เมื่อ 16 พ.ค. 2024
- Monthly passive income of 1.5 lakhs, Manish Jain reveals the secrets to his remarkable success in generating passive income. Learn his proven strategies and insights into how he does it.
Manish Jain: / manish007
Know more about Wint Wealth: bit.ly/3T2HbuW - บันเทิง
What is remarkable success in generating passive income after retirement ? Any suggestion
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $110k and in the first 2 months , my portfolio was reading $294,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@@user-qs9by1fq4o Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
one of the most important lesson from rich dad poor dad was the same "first buy assets produce cashflow then only buy liabilities"
Hello . Rich dad poor dad is for the rich guys
Check Robert kiyoaski debt
Rich dad poor dad is only useful for scamming people into your mlm 😂
@@cybercop3108That is so you can change your mindset.. We also got in MLM and lost a lot of money but the mindset changed and we have our own business. (Not MLM 😅)
TIL, you can buy a liability.
No background music. No Hollywood style intro and endings. Just clear chat. Lovely content. Please don’t change.
Couldn't agree more
What an inspiring speech! "Luxury I dont want to fund from my Salary, I want my salary to work for me and give me money." Great Approach.
Inspiring talk. “Don’t take 80% of your wealth to your grave, spend it” brilliant !!!
In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $650K in under a year on a podcast. What's the strategy for such returns?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
If u r in US,better invest in Indian Markets.send me your email id, I will guide you.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
This is definitely considerable! think you could suggest any professional/advisors I can connect with? I'm in dire need of proper portfolio allocation
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Wow. In a country where lot of people still think talking about money is a taboo subject your channel is so important and educational . Great content!
no one thinks like that u idiot
Wait, what? When did talking about money become taboo? We literally worship the goddess of wealth every single day. Our shops fashion a signage that reads 'shubh and LAABH'.
Ghanta
Money? Taboo? Bhai chutiya hai kya
@@sagarpandurangi4820i guess he is paid review 😂
BTW, these CXO level people are the same who would tell you “Paise mei kya rakha hai, kaam mei maza aana chahiye” during interviews when a candidate asks for more than 30% hike.
All this big CFO CTO and CXO (Ppt) people bluff about technology and stuff which they aren’t even aware of and then expect people to do wonders in fraction of a salary
Talking about crores while the average corporate fresher salary is less than 3 lpa
One valuable thing i learnt from all these interviews that COMPOUNDING is the key to achieve success be it financial, educational or personal achievement. And that compound requires one basic ingredient disciplined consistency everyday .
..narrow mindset
@@praddumnvats6759yea like yours
@@praddumnvats6759how come
There is a book “ Compound Effect “
This kind of video is what we need. Good work Wint wealth
"He is correct. I am currently in my mid-40s. It took me 15 years to accumulate one crore, all while taking care of my parents and in-laws. The only positive development for me was when my cousin sister advised me to invest my entire basic salary into the Voluntary Provident Fund (VPF), which has been earning me a steady 8.1% interest for over 12 years. Unfortunately, the government later imposed taxes on the VPF, allowing me to withdraw only 60% of my basic salary."
I am also doing same, I am taking maximum benefit of vpf
PF, PPF, VPF will give you decent compounded return but at an age where you will not be able do much with the money.
Plus like you mentioned, if tax laws change by the time you are ready to cash out, you will not be able to rewind 20 years of life.
@@ManishJainMaverickAbe tu problem point out kar rha hai. Tu koi solution ki baat bhi nhi kiya puri video pe. Tera shakal dekh ke thuk ne ka man kar rha hai. Typical stupid boss working in corporate. Idiot!
@@ManishJainMaverick
"You're absolutely correct. I can't rewind time, but I derive fulfillment from my sacrifices, having observed my father's wholehearted dedication to our family. I am a part of the second generation, raised in a lower-middle-class family."
I am 35 now, started working in 2011. I have accumulated 1.2cr so far. I have taken care of my family and spent my own money on my marriage. 90 lakhs/1.2cr in real estate. In another 5 years 90 lakhs will grow into 1.2 crores max. I am also contributing good amount into VPF + Mutual funds and direct shares.
I am not a micer as I enjoy things which really gives me happiness.
Simply amazing. All we want is to have these people share their valuable experience and knowledge and provide us the guiding path to financial freedom. The only thing I would expect a bit more from these chats is to have these guys talk more about their failures and how they navigated through those.
Every crash /collapse/inflation or a recession offers an equal market opportunity if you are well prepared and knowledgeable. I've seen people accumulate up to $800,000 during crises and even pull it off with ease in a bad economy. Without a doubt, the bubble or crash has made someone extremely wealthy.
The pandemic came and taught everyone the importance of having multiple stream of income unfortunately having a nice paying job doesnt mean you are financial secured anymore So we all need to put in an extra-income earning chance, like investments
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
@@ClarenceCandelario-fd4vtPatriciastain" is the advisor that oversees my portfolio. SHe's been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn't be a hassle to find basic info..
She appears to be a true authority in her profession. I looked up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services
@@cynthiaa.coleman7712I find this intriguing. Could you please provide me with the means to get in touch?
Wow ! that child turning 18 and having tax id is something I did not think of and most Indian parents ignore.
I did not understand what it meant. Can you please explain?
FDs in your kids name, they won't have to pay tax on it as long as the interest does not cross initial tax slab you won't have to pay a single penny in tax, same with dividends. So it's better to give your kids the money now so they don't pay tax on it instead of sitting in your account and you paying tax on it.
@@srijoygan Sometimes parents save money for kid college and other expenses but keep in their own account and pay tax on gains. If the same money they transferred to kid at 18, no tax will be paid as kid will have less than minimum tax slab income.
@@nikhilsahay895 So it means you can only transfer after he/she turns 18. Not before that?
@@rishiraj1616 you can make bank account at any age for kid. But here idea is that you wont save tax till they have tax ID which is after 18. Lot of father already save tax using nonworking wife's account, but if both parents are working and have salary above minimum slab they can use kids account to save tax.
So rightly said, "Making money is EASY and BORING". The trouble happens when you want to go Fast & Furious!!!
so much pure learning no bullshit, thankyou for bringing in such Contant.
They are truly honest in this era, who genuinely spoke about their income and expenditure
Nice to see you Manish sir...I know you are so organized, positive and energetic personality. You are truly inspirational for us and your way of explanation about passive income is superb. Thanks for your guidance always. ...Regards
Sincere thanks to you sir, you sound so calm realistic and supportive, it's the right kind of moral boost I needed 🙏
Loved this! No fake mantras of making a crorepati in a blink. Very measured and realistic approach. Did sound like a very matured, sensible and seasoned voice speaking facts...
I’m still deciding whether to diversify my $400k stocks portfolio? how do I redistribute stocks in my portfolio to hedge against crash and make gains
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
Please can you leave the info of your investment advisor here? I’m in dire need for one
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Questions to ask here I guess are is that $400k in retirement account or brokerage account. What’s your age. Are your goals long term or short term if they are in brokerage account. How much risk can you stomach. Answers to these questions should give you hint on whether to diversify. Then dig deep into how to’s once you know how much to diversify and with what goal and risk.
@@ChristopherHoward-kf7ykNatalie gave me huge returns. Almost 1000% every day. 😂😂
No wonder Warren Buffet says real estate is not a great investment.
Inspirational video. ❤
Lovely chat, very realistic conversation. This is what people should follow instead of most finfluencers.
Manish this is probably the best explanation of money making habit, which the finfluencers make it complex and chargeable. Thanks for such simple explanation.
Finally a great video. Got to learn so much from someone who has built it from 0. Key takeaway - Discipline
Wow, this video really simplifies a complex concept! It's so insightful and easy to understand. Great job!
Amazing interview!!! Lovely explanation by Mr. Manish Jain!!!
I believe speaker got it wrong. Inflation reduces purchasing power whether you spend or not. Out of 4lac , 3lac would look same but when you try to use its real value will be less which you can't see now that is inflation.
Lock in high FD returns before they reduce | Launching FDs on Wint Wealth: bit.ly/3r7V7vu
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This interview could be longer. He has so much knowledge. Thank you for posting.
Really appreciate the genuine content Wint Wealth brings to us! 🙌
Your boss is very correct. If u order food wirhout looking at menu then u have reached there. I am enjoying on my passive income after putting lot of savings, investments and correct guidance from a salary job for almost 20 years. Discipline is very important.
Thé concept of Passive income should be taught in high school and college as well
Thanks for the input God bless
These are lovely insightful talks. Confidence building for some who have already taken similar decisions
Passive Income And No Rush for Quick Money ❤❤ Its always greatt to hear nd learn from you Manish Sir‼️❣️💯🔥
Absolutely 💯. Leaders are good readers....
I have seen that people take loan for personal use and as per Robert Kiosaki, you should take loans to build your Assets and NOT the liabilities. Thanks for this awesome wisdom... Subscribed...
If I had a Mentor like Manish.. I would have rewritten my on a different way😎
If I have to define this channel in one word, It's "Quality". Kudos and keep up the good work
Manish is very composed, seems like a sensible man
im sure his daughter is lucky to have a sensible dad like him. In my family I have never seen elders or my parents talking about money, investment or getting better as an individual. Indian family gathering pattern need to be changed a bit. We often discuss about politics, movies n some random stuff but avoid financial and personal well being topics.
Oh he was my Manager at Nucleus Software Noida. A very good man
Amazing Videos guyss!!!!... I don't understand where you guys find such amazing people...Hats Off!!!
I want to appreciate the camera team the shoot is really exceptional and hight quality and straight to the plan really appreciate and u guys deserve raise !!
Genuinely awesome interview. Thank you Wint. You guys are fkin killing it ❤
Very insightful, short, and important message. Thanks for sharing the idea.👍
Straight to video. No nonsense intro for 2 minutes. Good
What an interview. Both are amazing ❤
You're doing a great job Wint wealth! Keep delivering such videos!
What a honest person , stay blessed sir , we need people like these in leadership positions to take our country forward
I'm with him on the thought process 👍👍 glad to find someone thinking in this direction.
That’s the approach i want in India, where everyone is trying to get job. No one is trying to build businesses that could provide jobs.
This video, I must say, is one of the best one I have seen, especially definition of "inflation", the fact that it hits the consumption component and not the income component! This is a simple one line answer to all those Finfluencers and investment advisors (so called) who scare you to death. Thank you Manish Jain!
Need more! Need more!! Please upload more of such interviews!
The best advice from him is never Chase quick money 👍
You are giving real guidance to new generation
Very nice interview. Especially clearly explanation about passive income
Such a calm composed clear headed gentleman.
Great way of marketing wint has chosen, love you wint
Just one request, plz take someone on pod who has made himself through a lot of struggle, especially someone who was from tier III collage like the ghatiya collages of India
What marketing are talking about?
Kya suljha hua Banda hai.
Thank you Wint for this interview. 🙏
Brilliant examples and explanations ❤
Very Realistic and it's a journey to build lifelong wealth. We need to also enjoy the money and don't live on the spreadsheets and optimize your life. Money is a tool to provide convenience and invest your time in taking care of your health, family, relationships as you build the wealth.
Very good interview and good insights on finances.. Great video.
1 child 4-5 lacs per yr for fees??? I am 26 yr old ...from KG to compeletion of MD general medicine my total expenditure on education is 10 lacs ....
What a nice , basic dowable inputs. Thanks Manish Sir and Wint wealth
Il am impressed with 10.20 to the end particularly don’t rush , panic catching up due to peer pressure , and most importanly making money is easy and boring but Problem comes when you try to make quick money 👌👌finally don’t take 80% to grave spend and enjoy 👏superb
Thank you for making this videos and bringing smart an self wiling people who wants to share there knowledge openly hey God bless you guys keep doing it thanks ❤
You guys doing great work
This Video made me learn what exactly I want to do with my Life in next 10 years
Thats why I go on Samosa stall and eat without looking at menu price , i am living a good life 😂
😂😂😂😂
Lol this attitude 😂
Thank you for this podcast. Your thoughts were insightful
He was so pleasant to hear and I didn’t get a vibe that I don’t have it. It was positive and relatiable.
Yeah the first crore is always very difficult to make
This episodes with certain knowledge and experience of these people who have achieve there FIRE are just priceless 👏🙏. Thanx wint wealth for making this happen !
Mu father do the same ...expenditure are taken care by rental income all the buisness income are reinvested to generate income
Such a knowledgeable guy. I really appreciate such videos and sharing the tips with us all 🙏🏻❤️
jain sir was very much open about sharing his knowledge and thank you very much sir for that...but the interviewer was more interested in knowing jain sir's trip expenses and total assets...this interview could have been more knowledgeable if interviewer would have ask him exact questions
I just hit the bell icon for notification. What great and subtle yet important content this is! Ekdm raw. Love it. And keep it up.
Awesome! Thank you!
I read the book thrice..will try to complete one more time.... I have read Cash Flow also twice...
Thanks for sharing awesome tips! I'm financially free and currently growing a solid retirement plan. It takes a positive and consistency to learn new things, unlearn the old habits is important to get a mentor/coach to lead you all the way. It's great to start young too!
The guest on the podcast does not intend to retire ever
Idea is to stop working for a paycheck as step 1
Disciplined approach of one and half decades. Wow 👏
Great conversation and learning.. 🎉
Soon for 1Mil. All the best wint.
I think the key part of the video was the part where he tells that do a fd of 50k and essentially that thing is paying for your netflix and we need to do this for all the luxuries of our life, then we can have these luxuries guilt free.
Tax?
nice video.. 10:12.. i read Rich Dad Poor Dad in 2008 and started my journey
Inflation is on consumption not on income - Good Point
Quality video and editing. Thank you !
Love this series
Best advice, amazing sir
Amazing interview. He has immense knowledge and it’s appreciable that he’s sharing it. Great content wint wealth. Keep enlightening us.
Capital gains tax don't work in income slabs, so you gonna havetto pay 10% LTCG or 15%STCG accordingly. It doesn't matter if you transfer the portfolio in your daughters name or not.
This is something that could have been done better in the interview, in terms of correcting or putting out a message at the end…..
Dividends would be impacted right?
Tax free dividend for a non tax payer 🎉
The returns on FD, fixed instruments, bank account cash interest, and dividends would be taxable as per the income Slabs. That’s where the majority savings could happen.
They were talking about dividends. In his daughter's portfolio dividends are not taxable as she's not earning but if would've kept it with himself then he would've been paying 33% tax on it.
Short & Crisp & worth it!
More content on passive income please!
I liked his thoughts & wisdom, worth watching ❤
I need reply or answer please anyone tell
Real wisdom 🎉
How much passive income he is exactly getting? 1.5 lac per month? That's 18 lac per annum, that's only worth 3 Dubai trips for him. What's his active income? What is gap between his earnings and spending? What's his portfolio value as of today? What is the asset allocation? This video gives not much numbers that could help rational mind.
This is the kind of content I want on youtube ❤
Wow... Amazing information and guidance. Thank you
Wow different types of content ❤
It's very strange that he'd only talk about how good everything seems now but not about all the sacrifices he had to make in in initial years to build up that corpus
~30 yrs of working are hard to fit in 12 mins 🙂
The theme of the podcast is attaining passive cashflow
@@ManishJainMaverick Completely agree on both points, was just expecting to hear a bit about the other side as well (maybe a mini-series on your own channel in the future?). Great content nonetheless!
Be positive,all is well ,when it ends well . Retired life is the end I am talking about .
This video is very sensible and at least to me it make me think it’s very doable
Worth listening 😊