Solutions provided in this video : 1. Consciously build second income 2. Consciously invest in health 3. Constantly upskill yourself 4. Gift a pension plan for your parent 5. You need to plan to reduce your family issues
Start saving from day one from the 1st pay at 24yrs. Live simply ( simple living high thinking). Keep good health.( a happy married life helps a lot in this).This is most essential. Travel a lot on holidays. Keep developing skills so that you can work and contribute even after retirement.
Great video! What you've said is 100% true, most people on social media are very young and haven't been through all the ups and downs. Life is easy when you're young and most things go according to plan. Wish someone had showed this to me in my 20's. But people don't listen until it's too late.
Thankyou sir. I m already living the 2nd innings of life. Consciously or unconsciously, i adopted some of the things you mentioned like having a second source of income, encouraging spouse to continue in her career, etc. I was a little late in starting retirement corpus, but didn't forget to do it. I wish I had. come across your advice when I was 40. Thank you sir for your words of wisdom.
I see here a real professional speaking. All the best dear. You can only take horse to water but the horse need to drink. Your advice will be implemented by wise individual. I meant wise, as wise person may not need to be highly educated or qualified. All the best. When ever I want to know about Indian finance I listen to you.I was an Indian citizen, your last video video " When Is The Best Time To Invest In India ? The Year 2023 or 2024 ?" gave me some positive vibe to invest there.
Fantastic video sir! Very educational. Thank you! I will turn 40 in July and this video is a confirmation to the direction of my thoughts towards financial planning. I agree and had projected most you said . Some points are emotional like managing family stress ( parents income, expenses, late child). I always wanted to hear from a senior like you. I also showed the video to my wife and we both received confirmation to our thoughts. One point to add would be making sure life term insurance is in place to protect family during unforeseen situations.
You are your best investment, invest on your health, skills, personality and lead a simple lifestyle. And then follow great financial advice like what you hear here. You will do great. Just focussing on financial planning without the other things mentioned will keep you frustrated for life.
Everyone is different, so make your own plan and adhere to it. Just work on your skillsets and concentrate on earning as much as possible till your retirement. Everything else will be taken care
Just a fantastic reality check hearing you speak. If we have missed out in the first innings thanks to low paying corporates, we are now following on and have to play like Laxman-Dravid to win the test match of life. This is the kind of mature talk we need in youtube. Chandrakanth bhat will not give you tips on how to double your money overnight in crypto or promote some IPL gambling app. Life is a test match not a T20 game. Todays youngsters are misguided by run of the mill youtubers bull shit.
Good content, Eye opener for today's generation. Working culture in a family life will ruin peace. Just for the sake of equality and increasing networth, Kids are becoming monsters without parental care and handholding. Lucky our generation where Mother took care of our upbringing by sacrificing their degrees and decent paying office/school jobs.
Totally agree. Next generation come up with no parental care cz of nannies upbringing and devoid of emotions. Food is also adulterated and all of this is only because big big importance to MONEY than anything. Humans are in total self destructive mode!
This is true most of the TH-camrs are children when it comes to financial planning, they relate their own youtube success to fact that they are very good planner. Some points which I personally think make sense: 1. Get your own home as soon as possible in life. Do not break the bank purchase a property 75% of what you can afford. 2. Get married early (around 26) and have one kid before 30. 3 years should be enough to enjoy ;) 3. If you are salaried, build a side business or have at least 2 businesses if you are self-employed or a business person.
I was planning on creating a passive income through option selling. Hoping if i have to take a break in career due to household responsibilities I can at least have some income through it. I mostly sell far OTM monthly options.
MANY NRI SUFFER A LOT IN THE SECOND STAGE OF LIFE AFTER COMING BACK FROM THE GULF...ABROAD... NOBODY WANTS THEM...YES AGREED IF WE HAVE MADE HAY DURING OUR YOUNGER TIME AND INVESTED SENSIBLE IN DEPOSITS AND GOOD COMPANY SHARES ...WE WILL SURIVE ... I HAVE MADE MY DEPOSITS FOR 10 YEARS AT 9 TO 10 % INTEREST RATES ...NOW THE MOST IS 7%... THANK YOU SIR FOR YOUR TIME AND GOOD ADVICE..
Wise people were aware about it. But no social media to share the knowledge. So many of my friends in their 70s are struggling financially and become dependent on their children.
Would you consider retirement investments like PF, 401k, IRA as a second income? I started retirement savings at age 30 and have saved close to $100k in retirement while still focusing on one trade skill that I have become good at.
Is it worth to take personal loan and started retirement plan, Term life, Mutual funds, and also start some passive income in real estate or wait for savings and then start…
What if someone never got any job till 45 years of age inspite of good education and still searching for a career??????????? What can be your suggestions 💢💢💢💢💢💢💥💥💥💥💫💫💫
Had contacted your team and found that minimum investment is INR 50k per month or lump-sum of INR 20 lakh to work with you. All this with regular mutual funds, which is still ok as that is how you make money. But isn't 50k per month too high a investment to manage for youngsters?
😅 That's an insane amount. They are in business of making money by commissions. If one needs to build a corpus you need only time rest power of compounding will do it for you.
@@mintrelsmith Them making money thru commissions is still ok as it is their business and they are sharing their experience and knowledge. But minimum of 50k per month is an insane amount for 30-40 age group because they already have a lot of other commitments.
Thank you for sharing your Whatsapp number. To obtain your services how much would I have to pay? This expense again I'll have to take it out from asking my husband. I'm not working and wonder all the points discussed, will it work for a woman aged 40+?
late marriages is not a demerit as long as your are financially independent. To be happy in life never listen to your surrounding. Try to do 2 jobs till 40 years and ensure you saved some decent amount. Learn trading and start earning secondary income after 35 yrs. It will take time. Still be disciplined and earn good amount by sitting at home. money makes you happy even if you crossed 60yrs. very important point you should not have any EMI once you reach 40 yrs.
@@karanjain1575 Are you working for someone or for yourself. Its a big question. Because I have my own small business since I was 26. I live in Thailand
Solutions provided in this video :
1. Consciously build second income
2. Consciously invest in health
3. Constantly upskill yourself
4. Gift a pension plan for your parent
5. You need to plan to reduce your family issues
Thanks
Parents are retired govt employee, living on pension.
Am 39 sir, and it makes a lot of sense to me. Thanks for such a wonderful content. It means a lot to us. Myself and my family are so thankful to you 🙏
Start saving from day one from the 1st pay at 24yrs. Live simply ( simple living high thinking).
Keep good health.( a happy married life helps a lot in this).This is most essential.
Travel a lot on holidays.
Keep developing skills so that you can work and contribute even after retirement.
Im lucky . Im 52 my dad at 83 is still not dependent on me financially
Great video! What you've said is 100% true, most people on social media are very young and haven't been through all the ups and downs. Life is easy when you're young and most things go according to plan. Wish someone had showed this to me in my 20's. But people don't listen until it's too late.
😊
Thankyou sir. I m already living the 2nd innings of life. Consciously or unconsciously, i adopted some of the things you mentioned like having a second source of income, encouraging spouse to continue in her career, etc. I was a little late in starting retirement corpus, but didn't forget to do it. I wish I had. come across your advice when I was 40. Thank you sir for your words of wisdom.
with every channel cuddling and starry eyed for 20 year olds and beginners, i appreciate this one as something refreshing.
For Indian conditions, this is the most prudent and practical advice unlike other over the top other finfluencers. Thanks Chandrakanth Sir.
I see here a real professional speaking. All the best dear. You can only take horse to water but the horse need to drink. Your advice will be implemented by wise individual. I meant wise, as wise person may not need to be highly educated or qualified. All the best. When ever I want to know about Indian finance I listen to you.I was an Indian citizen, your last video video " When Is The Best Time To Invest In India ? The Year 2023 or 2024 ?" gave me some positive vibe to invest there.
Thanks I will go gracefully. No kids whatsoever.
Fantastic video sir! Very educational. Thank you! I will turn 40 in July and this video is a confirmation to the direction of my thoughts towards financial planning. I agree and had projected most you said . Some points are emotional like managing family stress ( parents income, expenses, late child). I always wanted to hear from a senior like you. I also showed the video to my wife and we both received confirmation to our thoughts. One point to add would be making sure life term insurance is in place to protect family during unforeseen situations.
You are your best investment, invest on your health, skills, personality and lead a simple lifestyle. And then follow great financial advice like what you hear here. You will do great. Just focussing on financial planning without the other things mentioned will keep you frustrated for life.
Really this video makes conscious to me now. Now I will start working on a second income
Everyone is different, so make your own plan and adhere to it. Just work on your skillsets and concentrate on earning as much as possible till your retirement. Everything else will be taken care
Never could plan from 25 to 45 so much of commitments..hoping to make a blockbuster second innings thanks for the video
Wish you all the bests
Definitely true, see a few who have not thought of these points ahead of time
Sources of income should be increased as expense cannot be controlled
why expenses can't be controlled?
@@understanding-why becos his expenses r his expenses not yours
Fantastic sir, God bless you. Continue uniting people who has misunderstandings in their relationships. Thank you for making the world a better place.
Just a fantastic reality check hearing you speak. If we have missed out in the first innings thanks to low paying corporates, we are now following on and have to play like Laxman-Dravid to win the test match of life. This is the kind of mature talk we need in youtube. Chandrakanth bhat will not give you tips on how to double your money overnight in crypto or promote some IPL gambling app. Life is a test match not a T20 game. Todays youngsters are misguided by run of the mill youtubers bull shit.
Good content, Eye opener for today's generation.
Working culture in a family life will ruin peace. Just for the sake of equality and increasing networth, Kids are becoming monsters without parental care and handholding.
Lucky our generation where Mother took care of our upbringing by sacrificing their degrees and decent paying office/school jobs.
Totally agree. Next generation come up with no parental care cz of nannies upbringing and devoid of emotions. Food is also adulterated and all of this is only because big big importance to MONEY than anything. Humans are in total self destructive mode!
Best piece of podcast ever come across
Felt like englighted..
Thanks a lot
This is true most of the TH-camrs are children when it comes to financial planning, they relate their own youtube success to fact that they are very good planner. Some points which I personally think make sense:
1. Get your own home as soon as possible in life. Do not break the bank purchase a property 75% of what you can afford.
2. Get married early (around 26) and have one kid before 30. 3 years should be enough to enjoy ;)
3. If you are salaried, build a side business or have at least 2 businesses if you are self-employed or a business person.
I was planning on creating a passive income through option selling. Hoping if i have to take a break in career due to household responsibilities I can at least have some income through it. I mostly sell far OTM monthly options.
This video should be run in every school
Your videos are very useful to NRI’s. Later life is much more challenging when abroad.
still life abroad is much safer then in India. no chance of organs being harvested by Indian doctors in Indian hospitals
Useful vedio Sir. Would be helpful for people already in early second innings. Thanks
MANY NRI SUFFER A LOT IN THE SECOND STAGE OF LIFE AFTER COMING BACK FROM THE GULF...ABROAD... NOBODY WANTS THEM...YES AGREED IF WE HAVE MADE HAY DURING OUR YOUNGER TIME AND INVESTED SENSIBLE IN DEPOSITS AND GOOD COMPANY SHARES ...WE WILL SURIVE ... I HAVE MADE MY DEPOSITS FOR 10 YEARS AT 9 TO 10 % INTEREST RATES ...NOW THE MOST IS 7%... THANK YOU SIR FOR YOUR TIME AND GOOD ADVICE..
Very helpful guidance sir , god bless you and your family.
Relevant points covered, which r inevitable👍
Good elaboration and practical problems highlighted which we ignore.
Simple and straight to the point, great video
Sr thank u so much for sharing valuable information 🎉🎉🎉🎉
Takeawayt: Not having kids is the easiest way to retire early and w/o much hassle
If you are a Abrahmic religion, that makes the best sense. For Hindus, we will be wiped out if we don’t produce 2 Sanatanis by every Hindu
LOL. There are more than a billion. Shintos and shamans need to worry more, if it is a point of concern at all.
@@austin426512 Religion is most useless thing in 21st century.
@@austin426512 Be a human not Hindu
@@austin426512 😂 such an insecure hindu u are
This is such a nice video and the content is so good. It made me think. Thank you for such a nice and eye opening video sir!
Already maxing roth & roth IRA right now. So later i don't have to pay any tax on retirement
Very practical experiences sir, great 👍👍
A great content from real life experience, Thank you so much sir .🙏
There's a reason I don't wear a smart watch. I don't want it to monitor my heart and freak me out.
I have one with heart rate monitor turned 📴
Dr Bhatt excellent information. Learnt a lots from you today. Thanks❤
Thank you Sir for your detailed and well explained advice.
These kind of vedios should have been made say 50 yrs back too
Wise people were aware about it. But no social media to share the knowledge. So many of my friends in their 70s are struggling financially and become dependent on their children.
I am fully agreed with the video
Thanks for guiding us
Very valuable video sir, 👏
Liked, Shared and commented to support.
Your video makes me more anxious about retirement 😂
Excellent information and guide , thank you 🙏
It’s dejavu for me at the age of 46 as I am seeing most of it in life
Thank you sir for the video❤️
I like the content he shares, but this one feels like an Infomercial. "Time to act is now". 3-4% interest rates coming. You need a financial advisor.
❤from Tumkur
Would you consider retirement investments like PF, 401k, IRA as a second income? I started retirement savings at age 30 and have saved close to $100k in retirement while still focusing on one trade skill that I have become good at.
Very informative video. 👍
wow amazing video sir🎉❤
Very very effective sir
Is it worth to take personal loan and started retirement plan, Term life, Mutual funds, and also start some passive income in real estate or wait for savings and then start…
Please learn the basics of finance , uttering personal loans is also a sin in the finance world.
Wise words
Very informative video
very much recommended!
An eye opener..
Very wise video thanku sir
How much do they charge?
Thanks
Very nice advice
Excellent👍. Thank you
What if someone never got any job till 45 years of age inspite of good education and still searching for a career???????????
What can be your suggestions
💢💢💢💢💢💢💥💥💥💥💫💫💫
Hindi me bhi video banao chandrkant ji
Eye Opening
Nice content sir ❤
Informative. .
Excellent video, sir. Truly showed our future.
Thumbnail should change bcz 30year people will not go to watch
I have second income in my dreams
You guys are lucky to have multiple streams of income 😂😂
I am already 49
Had contacted your team and found that minimum investment is INR 50k per month or lump-sum of INR 20 lakh to work with you. All this with regular mutual funds, which is still ok as that is how you make money. But isn't 50k per month too high a investment to manage for youngsters?
😅 That's an insane amount. They are in business of making money by commissions. If one needs to build a corpus you need only time rest power of compounding will do it for you.
@@mintrelsmith Them making money thru commissions is still ok as it is their business and they are sharing their experience and knowledge. But minimum of 50k per month is an insane amount for 30-40 age group because they already have a lot of other commitments.
Thank you
This is me at 46 I feel horrible
i missed my first innings
Start today... Better than never 😊
@@yamalakonda thanxx,,,,
Me also
Thank you for sharing your Whatsapp number.
To obtain your services how much would I have to pay?
This expense again I'll have to take it out from asking my husband.
I'm not working and wonder all the points discussed, will it work for a woman aged 40+?
Yes. Start now
late marriages is not a demerit as long as your are financially independent. To be happy in life never listen to your surrounding. Try to do 2 jobs till 40 years and ensure you saved some decent amount. Learn trading and start earning secondary income after 35 yrs. It will take time. Still be disciplined and earn good amount by sitting at home. money makes you happy even if you crossed 60yrs. very important point you should not have any EMI once you reach 40 yrs.
I am 47 and just became financially free. Just retired and now I am free bird.
Please share how you achieved sir?
I'm 44 need ur advice if possible
@@karanjain1575 Are you working for someone or for yourself. Its a big question. Because I have my own small business since I was 26. I live in Thailand
solution : contact NRI money clinic
How much they charge for the financial advice?
Thank you sir for valuable honest advice. God bless.