There are a lot of loopholes in his financial planning and passive income process. This is suitable for him because his active income is 1.5 cr p.a in india which is among the top 0.0000001%. So his portfolio might be 40-50 crores or more. Not many in the country have that kind of wealth to draw passive income from FDs. So, Swp for most people has to be from equity mutual funds that give around 12-15% returns and not from FDs of 6-7%.
@religionofpeace782 Thank you for your feedback. I did mention that my approach is not the best and I am still learning. I always emphasize one to focus on increasing active income. According to me, funding a fixed expense from a swp from volatile investment may not be an optimum mapping. I continue to learn more on money management and adjust my corpus as I gain more knowledge.
Great interview sir. Would love to know where you put the fixed income to pay all essential bills. Is it all in GILT funds or do you also utilise debt mutual funds?
@ShashankRaina Thanks for your appreciation. I use debt mf for the expenses that can be reduced. GILT funds are being used for fixed expenses .... in a larger picture, also for margin trading.
There are a lot of loopholes in his financial planning and passive income process. This is suitable for him because his active income is 1.5 cr p.a in india which is among the top 0.0000001%. So his portfolio might be 40-50 crores or more. Not many in the country have that kind of wealth to draw passive income from FDs. So, Swp for most people has to be from equity mutual funds that give around 12-15% returns and not from FDs of 6-7%.
@religionofpeace782 Thank you for your feedback. I did mention that my approach is not the best and I am still learning. I always emphasize one to focus on increasing active income. According to me, funding a fixed expense from a swp from volatile investment may not be an optimum mapping. I continue to learn more on money management and adjust my corpus as I gain more knowledge.
Wow, great podcast 🎉
Great interview sir. Would love to know where you put the fixed income to pay all essential bills. Is it all in GILT funds or do you also utilise debt mutual funds?
@ShashankRaina Thanks for your appreciation. I use debt mf for the expenses that can be reduced. GILT funds are being used for fixed expenses .... in a larger picture, also for margin trading.
Hello Ma'am, is there any channel on telegram, which keeps updated on lattest offers on credit cards and offers on resumption of reward points
Pls make videos in English for better reach.. INDmoney is being used all over India.
How come he completed postgraduate by age 22??
@Dspvidscorona You may refer my education profile on linked in page to address your query.