Early Retirement பாதை
ฝัง
- เผยแพร่เมื่อ 7 ก.ค. 2024
- Early Retirement Path - What are all the behavior changes, knowledge and skills required to achieve early retirement is explained in Tamil with English subtitles.
00:00 Intro
00:33 A Kutti story
02:17 Yearly Expenses
04:39 Impact of lifestyle upgrade
05:34 Savings Rate
06:47 Exponential Thinking
08:55 Investments
10:24 Tracking networth
11:53 Patience
References:
Sample Expense Sheet:
docs.google.com/spreadsheets/...
(Instructions to copy the file:
If you are using mobile, click the three dots in the top right corner, then export & Share and then make a copy. That will copy the file to your account so that you can edit. If you are in a desktop computer, go to File - Make a Copy to copy the file.)
Compound Interest Calculator: www.moneychimp.com/calculator/...
Exponential Thinking: wealthfit.com/articles/expone...
Early Retirement Calculator: networthify.com/calculator/ea...
Related Videos:
Why I am retiring from corporate Life: • Why I am retiring from...
My investment Journey - Episode 1: • My Investment Journey ...
My investment Journey - Episode 2: • My Investment Journey ...
My investment Journey - Episode 3: • My Investment Journey ...
Understanding Share Market: • Understanding Share Ma...
Financial Freedom: • Financial Freedom / நி...
Building Wealth Series: • Building Wealth (Ep. 1...
LinkedIn: / vijay-mohan-sn
Twitter: / invstmntinsght
DISCLAIMER:
The content of this video is my own opinions and is for information purposes only. It is not intended as a substitute for professional financial advice. It is only intended to provide education about investments.
#VijayMohan #InvestmentInsights #FI/RE #RetireEarly #FinancialFreedom
I can confidently tell that "Investement Insights" is the Number#1 Financial Education Tamil TH-cam channel. Good Job Mr.Vijay Mohan. Keep enlightening us with your Financial Wisdom.
I agree, there are couple of channel making daily market reviews, which is not worth for making a investment journey
Bro apa almost everything poi பாருங்க bro
I am 47 and was on a FIRE journey and achieved it this year. I discovered your channel recently. Your contents have validated my plans. Your presentation and contribution is amazing. You are doing a great work. Keep it up.
Congratulations! Thank you for the support.
உங்களோட வீடியோவை இன்றுதான் பார்க்க ஆரமித்தேன்.7pm கு ஆரமிச்சி இன்னும் பார்த்துகொண்டே இருக்கேன்.
"Exponential thinking" - Secret ingredient revealed by Vijay sir. ✌️
I retired last year. Fairly comfortably off. Have never invested in stocks. But have 3-4 random MF investments done earlier. Your channel came across my way a week ago and I am impressed with your presentations.
Today I downloaded an MF mobile app and started a SIP into an index fund.
Looking into all your videos sir… I am working in canada the mistake which others make I did the same (buying plot in India ) and fall into loan trap… now struggling to pay… even from mba finance background, I had fear of loosing so moved of stock market… now the share which I sold in loss are almost three times appreciated…thanks for the brief sections it’s like eye opener for me…
I'm into 30's and this is such an eye opener brother...Thanks a lot !
I have shared it with few of my friends and your channel needs a wide reach to make our TN youngsters focus on their retirement/wealth management path ! :)
Thank You!
உங்கள் பணி தமிழக மக்களுக்கு அவசியமானது. Thanks Lot.
Seriously this channel deserve more hand off sir🙌
The most underrated channel
Liked the quote from the video "We overestimate what can be done in short term.. we underestimate what we can do in long term".
Very true not just for finances but life in general.
First of all Thankful to you.
You are making the cool path to reach FIRE. Great.
This video makes me more responsible. Useful content
If you fail to plan, you plan to fail. Super video!!!
Excellent as usual, thank you Vijay 🙏💐
Super 👌. Eagerly waiting next video ji.
The content is very easy to understand, I have started my savings journey.
This video is useful for my life thank you sir 🙏🙌
Very useful TH-cam channel. Good information for all aged people. Thank you 🙏🙏🙏
Sir,
I am Sure that your effort will change many people financial life. Now I am 35 after seeing your videos it really motivates me to do FIRE plan for my smooth retirement life and the way you explaining amount investments is superb. That too in TAMIL . May god bless you for good health and long live.
Nice video sir, Awaiting for ur next video sir..
Excellent useful video catch and clean
Vanakam, Thanks for you insights.....! Awaiting for next video
Nice sir yesterday onwards I've started watching your videos. I've little bit knowledge in stock market but I never invested. But now I'm interesting. Thank you
I just started your video today
Very informative.
Thank you sir
super sir very use fully iam net video wait
Eye opener sir. Thank you so much 😊
Sir. Sorry for delay. Amazing sir. Each video has so may information and so influencing. Keep going sir.
Great insights ✨👍🏻
Thanks for TH-cam for recommending this video
Really thanks for your information and support.
Amazing. Your videos will reach heights.
Thank You!🙏🏽
Thanks for the insights sir. You make complex topics easy to understand while you explain. Thanks a lot.
Glad you like it.
Eagerly waiting for your next video #india-fire 👍
Thank you again. One of the things anyone has to do in their lives is to understand their strengths and weaknesses. If your strength is career growth and ability to move up because you have something special in you then work with it. If that is not the case don’t fight it. Understand your forte (strength) because everyone is gifted with something special. For example, some are abstract thinkers and can naturally gravitate to understanding how economies work, how things work in a work place, how money moves and how companies are created/destroyed etc. these are folks who can over time connect the dots and understand the big picture. These people are gifted in their own way to win and that comes very handy in wealth creation. Why do I say the above is that most people who work will NOT be able to tell you what $ amount at what age is your goal. Most people are clueless when asked this simple question. It looks simple for a person who is abstract in thinking but very hard for many others. This question just needs a few things:
1) what is your age and what is your earnings and savings potential? Also, if you can project future increase in salary, that helps but much of that increase is usually eaten up by inflation and lifestyle creep.
2) realistically, how long do you think you will have a job in the work force.
3) many will tell you they know math, but many can’t apply it. They can’t sit down and say - this is what I save a year, I will be able to work for say another 20 years safely and for example at 50, I want to be worth say $3m (with no home loans, college education loans and other liabilities). Above is just an example. With these handy , one can pick the funds that will get you to $3m at 50. You will be surprised how many can tell this - save Y$/year, for 20 years to reach $3m at 50. Most will fail and will be lost in the weeds..
4) one has to internalize within themselves what $amount you need at a certain age. If you don’t do it, you will work forever and corporate America or India is happy to use you. Sadly, you will end up being a loser because there is no guarantee for jobs beyond 55 and you will be helpless as you age and don’t have something to show for. It is scary there are so many in this camp.
5) once you have a number, you can find the yearly returns you need to hit that goal. Then assuming a 4% withdrawal rate per year , 3$m at 55 will allow you to draw 120k$/yearly and live a comfortable life without draining the capital before you die.
Without a goal, you won’t go anywhere. Without sacrifices, you will never reach financial liberation. Without a strategy, you will always be restless, worried and increasingly desperate as you age. Remember, jobs are NOT forever. You will be kicked out of the workforce when you are least ready. Better be ready with a plan and strategy to liberate yourself.
And the good part is that it is doable by all. Most don’t have a $ goal, a plan and a strategy to get there. See if you can be one of those who can do the above. Start with a $ goal and an plan and strategy and invest in index funds to match your goal. You will WIN.
Thank you for sharing your thoughts.
Teaching the secrets to win is not an easy thing... hats of you Vijay 👍👍👍.
Thank you Vasu!
superb vidoes and worth their weight in gold. Finance is not the strength of many average Indians. I am so surprised you are reaching all this life lessons for common man for free. excellent work. keep going and our support is always there for you 🙏🙏🙏
Thank you for those kind words.
best advice I had received.... "1. When you have a plan then only you could understand if you had deviated from the plan" "2. Track your expense with a simple excel" .. i never used to make a plan this two sentence changed my life...
One more cool Video.... thank you.... If possible please explain about ETF and how they are differ from index mutual fund ...... things to consider to choose our suitable one from the list....
Awesome sir 🙏👌👌
பொருளாதார சேமிப்பு பற்றிய அருமையான விளக்கம் மற்றும் முயற்சி, அதனிலும் இனிது தங்களது தமிழ் உச்சரிப்பு .....
நல்வாழ்த்து ஐயா....
மிக்க நன்றி!
Eagerly Waiting for next episode from India sir
Nice Video. Greetings from Srilanka
Great sir
Great sir, Thank you
Great Sir!
Sir super, thank you so much
தலைவா உங்க டெக்னிக் நானும் follow பண்ண ஸ்டார்ட் பண்ணிட்டேன் நன்றி
Hi Vijay Sir. thanks for your information and support. i have tracking my monthly expense and saving. this month only i am entering to stock market. i am invested in equity stock. from your video i plan to invest in index fund and your are changing my financial goal. it is very useful for me take next level. my family also double salary. somehow i follow your idea without having tracking. now i will do. finally your such a great person to explain our financial planning to all. god will support you in all time. take care
Glad you find the content to be useful to you. Thanks for taking the time to send this nice appreciation comment.
Simple and good
Thank you sir.
Thank you.. eye opener for my investment plan...started the investment for my child edu and retirement life. 🎁🎁
Viraivaga fire thotamaiku vaalthukkal. I'm not gonna ask you to make more videos per week, infact I'm watching your videos more times to catch-up. It's all lessons. Thanks for doing this in Tamil.
Thank You!
தமிழில் பதிவிட்டமைக்கு நன்றி, உங்கள் அனுபவத்தை இவாரு பகிர்ந்துகொள்ள வேண்டும் என்ற எண்ணம் உண்மையில் மெய்சிலுகிறது
Thanks for your golden words.
The most precious thing is knowledge that which given to next generation. Hats off
Thank you for the appreciation.
Next video is more important for us
Waiting for your video on Index funds !!
I have not done any investment in share market until now. It was very interesting to listen to your speech. I noticed that you have a very good articulation skill, because you include many words and statements which has local flavor. I am 45 now. Thinking how to start this after listening to your video's. Probably you be an motivational speaker as well. All the best. 👍
Thank you for those kind words.
செம sir
👍👌🔥🔥🔥🔥🔥🔥🔥🔥FIRE pathikichu 😀👍
Recently I have been following the FIRE concept a lot. I'm part of some groups in Reddit where they discuss these topics in detail. But, most of them are either NRIs or foreigners. I don't know if this is possible in India considering the healthcare and other expenses "cultural expenses" like grand marriage for a daughter, Child education. If ur in a joint family the expectations are way different. Thanks for this video, this gives a good insight about FIRE.
I think I'm watching this video at the right time. I'm 31 now. Started my stocks investment a year back. Now after watching your videos I aware of Index funds. Sir, can you pls tell us the best way for monthly income schemes/funds or any other formats to achive that. Thanks in advance. 🙏
Super Sir..
Sir below the links are very useful for fire plan
Hi sir, my life is not as stressful as of now. I love all your videos, it is very useful. But the feeling that, seeing these videos and not able to implement them in my life due to financial situations is very painfull.
Having the knowledge handy will help you out when you are ready. Kavalai padaatheergal. Ithuvuvum kadanthu poghum...
Happen to stumble upon one of your videos and watched most of your videos. Super information and well explained on all parts. Enaku pudicha maathri pesringa. Nalla motivate um aaguthu. My age is 24 and my income is 60K. I have decided to invest in index funds from now on. Thanks for the advice. Hopefully, I will msg you after 10 years and tell my status. 😀
Great to hear. All the Best!
Thank you for your insights. i have truly enjoyed watching your videos and understanding what my FI goals are really sets me free to live my life. One suggestion - would it be possible to collate all your excel files in a easy discoverable way. Its quite hard to figure out which excel template is linked in what video. Thanks!
Thanks Sir
guru ji super appu
Super sir
Sir, All of your videos are very informative. Thanks for sharing all valuable information on the public forum. I know nothing about investment but now I own few shares after watching your video. Thanks. I've few queries is there way I can ask my question.
Send a mail to vm.investment.insights@gmail.com
Grt sir
Question - How do you track your long-term expenses and think of FIRE, when you have a huge mortgage to pay off for the next two decades and that is going to take up all your future earnings ? Kindly explain in a separate video, if possible. Thank you
Account for mortgage payments as part of your expenses. Anything that goes out of your bank account should be accounted in your annual expenses needs.
Good morning sir🙂, Iam started reading your reference book rich dad poor dad and the millionaire next door.😊😊😊😊😊
Cool. Those are good ones to start.👍🏽
Already read Rich Dad Poor dad in Tamil. Ordered The Millionaire next door. Can some one refer me the tamil edition please. Because mukiyamana arivu saarndha padipu thaai mozhi la padicha dhan namaku nalla puriyum.
Related Videos:
Why I am retiring from corporate Life: th-cam.com/video/GVodbSKyN0M/w-d-xo.html
My investment Journey - Episode 1: th-cam.com/video/0Drl_1pZtAQ/w-d-xo.html
My investment Journey - Episode 2: th-cam.com/video/3F2V4e3vQ-A/w-d-xo.html
My investment Journey - Episode 3: th-cam.com/video/_UPjYPLyjqk/w-d-xo.html
Retire Early in India: th-cam.com/video/HhW_BOnxTMk/w-d-xo.html
Understanding Share Market: th-cam.com/video/8_uAwsJroB0/w-d-xo.html
Financial Freedom: th-cam.com/video/_E61uPjBXuY/w-d-xo.html
Building Wealth Series: th-cam.com/video/YDoZvydr96U/w-d-xo.html
Atomic Habits 🔥!!
Explanation very complex sir...excel sheet or sample calculation would have been easy to understand...
Kutty Story awesome 🔥
Romba super... Arumaya irundhuchi sir...👏👏 But how to increase the x... That is income... Adha pathi sollalaye...😓😶
Hello sir, very insightful video. Hearing investment insights in mother tongue provides a fresh perspective. I am curious, you have attached a spreadsheet for tracking expenses. Is there a specific reason for that? Have you tried Mint, NerdWallet, YNAB etc for tracking and budgeting? Any reason for not recommending or using them? Keep the videos coming, very refreshing to hear investment insights in colloquial Tamil.
Spreadsheet is for customized tracking. I like my spreadsheet. You are right. Mint totally serves that purpose. Not sure if it is available in India though.
sari oru like potutu video paporm !
தலைவா நீங்க படிச்சா பைனான்சியல் புக்ஸ் பத்தி ஒரு வீடியோ போடுங்க....
Very useful videos. It has become a habit for me awaiting your next video and new learning. Thanks a lot for your effort.
Can you please tell how to start stock investment in India? Is it good to start with index fund or individual stock? Which index fund to start with?
Better to stick to Index Fund. Watch this: th-cam.com/video/KdCs3EWGJvQ/w-d-xo.html
@@InvestmentInsightsTamil Thank you!
👏👏👏👏
Hi sir, please talk about PACL scam!!!
No one in tamil spoke about it...
People like 80s born had invested in it and now company is no more...its similar to what you have spoken in this video.
It would be welcomed when people start to bring awareness to such companies.
I have no idea what that is. I will look into that.
Providing the right tools along with advise is great. I found your sample expense sheet useful. Let me try this out to know how I am spending....
Glad it was helpful!
Nice explanation. Sir already investing in nifty index funds in sip mode. To achieve FIRE, do i need to invest lump sum or sip?
SIP itself is good. Whenever you have money investing, just keep buying the index.
I learned compounding when I was 25, now I have 1,250x.
👏🏽
Thanks your videos are very helpful for learning about planning our finances, which is something we would have ignored otherwise.
I have few doubts
1.why does the stock market increases each year. Like the inflation happens because govt prints more currency notes which could reduce the value. But why does the stock increase. Is it because as years go by more people get intrested and invest into the market or does the company makes profit and put that into stocks or something like this.
Watch the "Share market explained" and "Compounding in Business" episodes to understand that better.
@@InvestmentInsightsTamil Thanks, will do...
Dear Mr. Vijay, Thanks for your many advise /suggestions for financial investment and management. I have recently only came across your channel. I have achieved the FIRE at the age of 50. Now I am doing 65. My major assets are in real estate. I have pension and passive income from my real estate. And have also some funds invested in the form of FD in the bank. And have some investment in the physical form of gold. Am I going in the right direction? or I need to tweak my part/major investment in real estate to stocks? As of now I don't have much stock exposure. Your expert advise will help me to fine-tune my investment plans.
As you are already retired and your passive income is good enough for your monthly expenses, there is really no need to change anything. If you would like equity exposure, invest not more than 20% of your total portfolio in an Index fund.
@@InvestmentInsightsTamil Thanks Mr. Vijay for your kind advise. I was thinking of investing around 30-35 % of my funds apart from liquid funds.
@@professordr.soundar9839 As long as you are aware of the risks involved in equity investing, that % is totally OK.
One question sir, I had wonderful plans in 2007 when I entered stock market. 2008 devastating, all my investments went to drain. Even to date GMR . I sold lot of stocks in 2013 at 70% loss. Until then the only other investment was PF, ULIP. From 2012 to till date, bought land, 2 houses, 1 sold and building another one now. I started MF SIP in 2017 which is also redeemed for building new house. The only other house I settling to my sister. With new house loan got a liability (age 40 😀) . Until then I was confident that I would retire and was happily telling to my colleagues. I had to buy a house on necessity and was a causious decision only , thinking I have good backup. But now I am staring at another 10 yrs of work to close the loan. I am confused what I am supposed do, let's say I have 50% of monthly savings , should I start another set of SIPs of should I be concentrating on closing the home loan ASAP ? My wife is also working, but she doesn't participate in financial planning but yes she does contribution of monthly expenses.
It is totally personal choice. Depending on the interest rate on the home loan, may be paying off that makes more sense to me.
As a women without proper education with low income I'm trying so hard to save money and make my money work for me but my uneducated mind totally refusing to understand this share market last 2 weeks only I'm started to learn about this with the support of your videos
But now my confusion is which share is best to invest there is sooooooooooooooo many options plz suggest me some shares
I'm 37 at this age it's hard to me select few shares form this so many options
There is no need to buy individual shares. Just buy an Index fund. My recommendations are already in th-cam.com/video/KdCs3EWGJvQ/w-d-xo.html
Sir Could you help us , How to choose stocks in which basis (US stocks)? you can give us some example stock from your portfolio , it will help us to understand more easier !
I shared what I look for in the "Stock Screener" video": th-cam.com/video/3kW3CYAgpTc/w-d-xo.html
@@InvestmentInsightsTamil Thanks sir
Sir to invest in index fund directly will i need a demat account . Also is sip best or lumpsum investment best. Can you put a video on how to invest in index fund directly.
You don't need a Demat for investing it directly. Watch the latest two Index Fund episodes to understand it better.
Hello Vijay Sir , I just came across your channel this week! As everyone says, i felt like wasted years! FIRE is my dream ! I am 41 yrs old currently in US. Invested in real estate in india , now generating monthly income, and do not have any outstanding debts. Already maxed out by 401k,IRA for myself and my working wife. I was thinking to sell one of the assets in india and invest it in US index funds so it could grow exponentially for the next 10-20 yrs as i think the return will be much more than passive income . Pls share your thoughts on this approach.
It is all personal preference. If you do not have at least 60% of your total portfolio in equity, then yeah, it makes sense to me.
I have the below question on FIRE and calculating net worth, I hope you can clarify this for me.
Can we consider the child education savings as assets?
If so, how do we plan for FIRE, if we know few years down the line we will withdraw the money we have in child education savings. Wouldn’t it bring down our net worth? And reduce the 25X we had before taking the retirement decision?
When we know that we will be withdrawing the money for child education, it is better to exclude that from our calculation.
@@InvestmentInsightsTamil Thank you for your prompt reply.
I have gone through many of your other videos where you have covered the financial basics and planning for people in US and in India. I wonder if you could also cover the planning for people who move to US temporarily on visa (e.g. 6 years) and go back to India. They will have certain unique attributes like money in 401k while they were earning in US, real-estate and housing loan in India etc. It will be a good series to cover, given your expertise in both parts of the world.
Would like to know are you living in USA or in India after your retirement ?
விஜய் சார், இந்த ஃபயர் (FIRE) எனக்குள் பற்றிக்கொண்டது.
அருமை. இனி கொழுந்து விட்டு எரியும். Fire rises...
sir pls explain: etf vs index funds. which is better for longterm wealth creation. and etfs are not getting dividends but index funds do. so index funds will grow faster?
There is no difference. They both are different versions offered for our convenience. We can choose Index Funds (mutual fund) for long term. ETFs are created more for trading in real time. For long term investing, Index funds is more suitable. Dividends - it depends on the type of fund. They either reinvest the dividends or pay it back to the fund holders. ETFs normally do not have the reinvestment option and so they will pay as cash every quarter or annual depending on the ETF.
@@InvestmentInsightsTamil well explained sir. Nandrigal. 🙏
Hi Bro,
In your calculations you used 10 as your current value and after 12.5 year it became 45. The growth is 4.5times right? Can you please correct me if I am wrong?
No. It started at 2X.
With 70x or 100x equivalent, people can settle in US rather than India. We need to consider developing ecomony like india return more than US. I consider return in india 12% rather than 8%.
Your assumptions. Your numbers. Your planning. Your calculator. Do what you think is good for you.