I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough 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.
'Carol Vivian Constable, 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.
My father took VRS from private company at age of 53 but after that he setup 2 schools in Mumbai locality. Coming March he'll turn 73. He's still comes to school and work for 10 hrs, one should not strive for retirement but financial independence. One has to hustle throughout life.
I don’t think one “has to” hustle throughout life. One can choose to do so if one wishes, but different people have different priorities in life and they can choose how to live their life.
The value of 1 Crore: (assume 7% inflation) - 10 years from now= 50Lakhs. - 15 years from now= 36Lakhs. - 20 years from now= 25Lakhs. But medical & education inflation is more than 10%
But over the year inflation tend to going down ...... Like 20-30 year earlier .. during indira gandhi time inflation was 14% ... But now that is 6-7% ... I guess after 20-30 year this number will go down to 2-4% max .. not more than that This trend follows all over the world .. when us was a developing country there inflation rate was 7-8% .. but today 2-3% .. when japan was developing inflation was 9% .. but today infkation is 1% ... Same trend follows in. China , .. all over the world ... Yes of course due to covid abd supply side shortage and demand side pull we are witnessing a higher inflation rate... I agree but this is short term ... With each passing year country always developed more than previous year ... Which leads to higher gdp ... Now after 20-30 year india gdp will be near about 14-15 trillion dollar .. with this much huge gdp base a country can't survive with 6-7% inflation rate .. it tends to going down . But till then i guess we have to face this 6-7% .. ( 10% in medical and education,) inflation .. but after 15-25 yeras it will surely go down .. And if we consider alk factor then todays 1 crore will be nearly about 43 lakh after 25-30 years .. which is not worthy but stll not a small amount .... So one have to accumulate atleast todays 8-10 crore. Whic value will be 3 .5 to 4.5 crore during retirement value wise ... Thats enough ..
40 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $900k, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.
I fully agree; I'm 56 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one and that should be any individuals main route into the market.
Yes, I'm in my mid-50s, and a few years back, I moved my investments to my wife's wealth manager. While I haven't caught up to her long-term gains, my current earnings and the growth of my retirement fund, compared to just relying on the 401(k), are pretty satisfying.
@@maryHenokNftbravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
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 $120k and in the first 2 months , my portfolio was reading $274,800. 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.
Financial independence and retirement are diffrent. Financial independence is required to carry your journey in the likable professional field without the fear of failure.
If you can control your wants , any figure is acceptable. Don’t people live within poverty, they just don’t die. As the saying goes the money you leave behind is the extra work you need not have done
Ask the poor what happens when they fall Ill ,how private hospitals just suck their blood ,ask then why they have to think twice to buys something which is normal for middle class ,everybody lives but not everyone lives a good life
Arrey sirji Recently I discovered your channel… Tab se TH-cam pe sirf aapke hi videos dekh raha hun … Aur kitna impress karoge… salute to you for sharing this…you saved many lives
I wish you'd made this video 10 years ago! My parents, wife and many others tried to make me understand that human aspirations can change but I didn't understand. Today I do. :)
My FIl retired as SBI bank Manager did his job at the highest rate of honesty.. now he is 72 yrs leading a beautiful life in hometown having passion for gardening n spiritual growth. Gets his pension n guides his village people helps them with money investment etc
and what r you doing other than leeching on your husbands money??? lol what easy life u women have first leech on fathers money and after marraige leach on husbands money lmao
👌👋👍🙏.Agree with you..1988.Vadapav at Mumbai was 50 paise..now average ₹15..then Tea @ grade_2 restaurants and now ₹20.….Auto fair min ₹ 2.8 and now ₹23..
AAP NA mirror ho , mai paid subscriber to nahi hu per aapki video se bahut kuch sach dekhno ko milta hai , property ka plan kiya tha to dekhna start kiya tha , usse bahut kuch upar sikh liya aapse. Thank you dil se
But, we must have a clear target of accumulation of wealth at the time of retirement. We cannot keep on moving our goal post. Off course, we must keep some margin of safety.
You have shed light from a very different angle on this very important topic and I must say that this perspective now resonates with me better. This way of thinking seems to be nearer to the truth that life does not follow excel sheet calculations. Thank you Sir for the wisdom.
👏👏 Great advice! Best strategy is to get daily exercise and keep fit, keep working as long as possible and have an option to earn money in some way even after retirement
Hello Sir, To be true I am a great consumer of Financial related Videos. I have been watching Early Retirement related videos for many months. I am in my mid 20s and a employee at a private firm. This particular video where you said about Excel Sheet and Human Emotions was really touching. Thanks for the hash reality. Thanks and Regards.
Awesome Video. Truely eye opening. 🙏 In 2000 i ate icecream minimum of ₹1 now its available for ₹10. But now so called financial influencers tells us if you are earning ₹5lac/year you may retire by collecting ₹1.5Cr. 😀
Don't compare with a single item . it it should be compare average of many item . like price fuel ( disel petrol) sugar price 15 to 42 now. Price of edible oil increase only upto 5 times. Price of salt rice wheat . house rent travel fair. Mobile bill etc 10 items nhi increase hua hai. Some item increase more than 10 times. Average inflation 7 percent but it should be decrease in future as in developed country. Past m inflation jyada tha so prices increase jyada hui .in future inflation will decrease so price jyada tezi se nhi badhne. . you should be understand the difference between inflation vs aspirational inflation. Suppose you belong to poor labour class and want to switch to higher class for you inflation in much more than real inflation 7 percent . so dont blindly follow to any one. I agree with him in many videos . but disagree where he told about buying house too much early. Suppose you are in 30 and bought a house then you have to pay life long emi ( 10k rent bachane k chhakar m 60lakh ka loan) . life long job loss k fear m rahoge. Kuch new kr nhi sakoge. Apna start up etc krne k plan sab off ho jaayega.
@@seema16878 mam . what's every body thinking is not a part of discussion. We are talking about wealth creation. If you think buying a house gives you more return than that of a good quality stocks or index fund then you r probably wrong . why most of banks dont buy their own office ; they usually take others property for rent and use rest of the cost of the house for value creation. If you want to buy a house then it should be at the time of retirement. For a person of working age it is not good to take a loan of 60lakh . suppose if you have transferred to another city then it is very difficult to manage your real state.
@@seema16878 for a real state for the point of investment purpose only if you have already good exposure in stocks of sovereign gold bond or others high return assest. For a house rental yield is 3%+ 3percent price appreciation nothing much in long range. I dont know where you are getting a 60lakh flat for rent 20 to 30lakh . in my cities in 60lak you will get 1000sq foot 2bhk flat fir which you will get only 10k / month rent. Real estate is good for investment only if you have a good black money; which you cant invest in stocks. For a real estate you have to pay 10%/extra at the time of purchase in the form of stamp duty agent commison and soo on and at the time of selling you have to pay 20% long term capital gain
People can retire after having 40 times money of their Annual expenses but they can do some low effort peaceful business from where they can get some money to support their expenses ,this way they can get rid from stressful job and live peaceful life at less expensive place. They will off course need to invest their atleast 70% money in equity mutual funds to earn good returns and they can use 30% money for expenses and when market become expensive they need to book profit and transfer money to debt instrument, money management knowledge is very important.
If you earn money from something which you enjoy doing, then you don't often think about retirement. Any person who has experienced it can relate to this fact.
Humble request you to make a Video on NPS. THIS is the High time and high demand topic of your subscriber. And i hope this is the best time to take your views on this.
Sir Thanks for your opinion. I 100 percent believe on your views and acting on this way at the age of even 63 years. Thanks for your support and eye opener for many people in the society
Realistically speaking in this day and age where things are changing so rapidly you just CANNOT retire irrespective of money. Anyone saying otherwise is just misguiding you. Don't fall for it.
5:03 from my birth till 28-feb-23 i heard this for first time, and i chuckled. innovative word. I'll always remember this! was traveling in train, heard this thrice, and laughed each time. 🙃
Years ago, I thought i would take early retirement, given that mine is a pensionable job, but now no amount of calculations would let me do so. My pension and with other rental incomes would not support even my minimalistic life. Your content has motivated me to carry on.
Great video and very much needed for all the youths. But Just one thing to point out there should be a number which one must target. May be 4% withdrawal will work in western countries but may be that can be 1% in India. So we need to target 4 times higher. So as Sir said in video 10 lakh expense may need 2.5 cr ( western formula ) but in India that should be 10 cr.
After the retirement of my husband. We started a home based food business with a small amount .we got busy ..and finances are much better...one should not sit idle.
You retire from your financial insecurities only..Thats the goal of early retirement. You just need to keep continuing your work until you are enjoying that or doing what is giving you enjoyment. Doing nothing is not the goal of retirement.
thank you sir, im 21 yrs old rn and I had decided to make my net worth of 100cr, now after your video im pretty sure I wanna make it 1000cr by the time I die. ty. !!
Brother, all these numbers are bloody nonsense. Focus on buying 1 property where you can retire, after that you need a maximum of around 3-4 crores, you can live off the interest or dividends you make from that after that. All this nonsense of 15 crores is ridiculous. That is $2.5M dollars in Canada, and most people here don’t even have $500,000 after retiring here. What a load of nonsense these people on reddit and this channel is spewing
@Shashank Prabhu 👍 true.....Normally Indians start investing in their 30's...because before this hardly there is enough money....Now in 30's, they have so many others responsibilities as well....they can't invest 100% of their salary to get 10-15 crore for retirement 😮
True.... people should be clear that it is always good to earn till the time they are able to without thinking of getting retired because you never know what is comming in futures a shock so be prepared....and it is good to engage your self as well in some work instead of thinking of taking retirement and taking rest
Problem in India is we pay tax on everything we buy , on our income but we don't get quality public schools and health services . Our 50% of lifetime earning is going in pockets of politicians . We are blind
100% agreed. Ye 4% rule US ke numbers se backtest karke nikala hua h, jaha inflation 2-3% average rahi h.. Bharat me ye rule sikhana to ekdum galat h. Plus uska goal sirf 30 saal ki retirement tha.. usse upar ka to study wale khud koi bharosa nahi karte. I think rule chahiye bhi to kuch 0.5-1% maanke chalna thoda safe rahega.. baki bharosa to fir bhi kuch nahi h.. Also ghar pehle se hona chahiye. Bhagwan ke liye koi rent pe retirement na le.
Very good. I fully agree with you. I want to add you can't buy a good house in 2.5 Cr in Gurgaon today , what is 2.5 Cr nothing. But always spend wisely keep earning any keep saving. What will the situation tomorrow you may need more for some unexpected expenditure
Sir I want to settle in Gurgaon. I started working as a fresher this month in an IT company. How much should I save to buy a house there? Also, is Gurgaon a good place to buy a house?
नानाजी का कहना था चार लोगो को पेट भरने के लिये दस ग्रॅम के सोने के बराबर आय चाहिये.. It's just to meet both ends So we must earn double than that as average middle class..
Really a very good video on the internet, all are just busy calculating in excel sheet... This is a eye opener video.. Keep posting such kind of videos
retement is dpends on individual habits and consistently maintaing that habit . Then only works and will mak your statement/ scaring notes falls . Thank You Sir
Eye opener video for all, in my opinion if you need a break from service take 15 to 20 days. But we should keep on work sir.. working after retirement not only it is related to money, you have to keep on busy yourself and roam around....then only the body will also be fit..add on to that we also earn something.if we keep in at home.and we will be burden for our loved ones as well...if we like it or not we have to keep update ourself....
When money exceeds ypur requirement you have to safeguard the money losing your sleep and when you are short of money then you still cant sleep to keep both ends meet.keep only needed money to live daily peaceful life.
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough 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 you using their service?
'Carol Vivian Constable, 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.
Live simple life. For me 30000 is enough to live happily. Mental peace is everything. Else you will be in never ending rat race.
Bhai bhai 1 number love ❤️ you
Agar max earn karne nikal pade na toh kabhi bhi jindagi nahi jii paaoge ache se
Live simple and earn maximum
Agree with you
Aaggrree fully❤
My father took VRS from private company at age of 53 but after that he setup 2 schools in Mumbai locality. Coming March he'll turn 73. He's still comes to school and work for 10 hrs, one should not strive for retirement but financial independence. One has to hustle throughout life.
I don’t think one “has to” hustle throughout life. One can choose to do so if one wishes, but different people have different priorities in life and they can choose how to live their life.
@@AkshatJha Yes there are people who have different purposes some are born to enjoy their life and some wants to give better life.
same situation. do you plan to run those schools.. in future?
@@sanyamjain7229 yes I'm already looking after second school
Ice and remarkable
The value of 1 Crore: (assume 7% inflation)
- 10 years from now= 50Lakhs.
- 15 years from now= 36Lakhs.
- 20 years from now= 25Lakhs.
But medical & education inflation is more than 10%
did u use 7% Every year ,Quaterly or decade wise ?
Use worst case
Take Inflation 10%
1 cr now is only 6 lakhs after 28 years
Invest in Mutual Funds
Very good vdo
But over the year inflation tend to going down ...... Like 20-30 year earlier .. during indira gandhi time inflation was 14% ... But now that is 6-7% ... I guess after 20-30 year this number will go down to 2-4% max .. not more than that
This trend follows all over the world .. when us was a developing country there inflation rate was 7-8% .. but today 2-3% .. when japan was developing inflation was 9% .. but today infkation is 1% ... Same trend follows in. China , .. all over the world ... Yes of course due to covid abd supply side shortage and demand side pull we are witnessing a higher inflation rate... I agree but this is short term ...
With each passing year country always developed more than previous year ... Which leads to higher gdp ... Now after 20-30 year india gdp will be near about 14-15 trillion dollar .. with this much huge gdp base a country can't survive with 6-7% inflation rate .. it tends to going down .
But till then i guess we have to face this 6-7% .. ( 10% in medical and education,) inflation .. but after 15-25 yeras it will surely go down ..
And if we consider alk factor then todays 1 crore will be nearly about 43 lakh after 25-30 years .. which is not worthy but stll not a small amount ....
So one have to accumulate atleast todays 8-10 crore. Whic value will be 3 .5 to 4.5 crore during retirement value wise ... Thats enough ..
Bilkul sahi hai. Pehle ek lakh bahut lagta tha,1980's mein. Ab to ek crore bhi kam lagta hai.
He is soo much better than all the financial influencer out there, thanks for the clarity Sir!...deep regards!
Bhut hi sahi kaha Sir aapne, aapne meri thinking hi badal dee, aapne bilkul sahi rasta dikha diya, aap hi h wo jinko hum Guru ji kah sakte hai
40 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $900k, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.
I fully agree; I'm 56 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one and that should be any individuals main route into the market.
Yes, I'm in my mid-50s, and a few years back, I moved my investments to my wife's wealth manager. While I haven't caught up to her long-term gains, my current earnings and the growth of my retirement fund, compared to just relying on the 401(k), are pretty satisfying.
@@maryHenokNftbravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Wright promptly do a web check where you can connect with her *Gertrude Margaret Quinto* and do your research with her full names mentioned..
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
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 $120k and in the first 2 months , my portfolio was reading $274,800. 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.
@AustinWalker67 Bridget Mary Turow
Lookup with her name on the webpage
Scam - reported
Financial independence and retirement are diffrent. Financial independence is required to carry your journey in the likable professional field without the fear of failure.
If you can control your wants , any figure is acceptable. Don’t people live within poverty, they just don’t die. As the saying goes the money you leave behind is the extra work you need not have done
Ask the poor what happens when they fall Ill ,how private hospitals just suck their blood ,ask then why they have to think twice to buys something which is normal for middle class ,everybody lives but not everyone lives a good life
Poor get ayushman + PMAY+free edu+2 rs rice+etc no much aspiration less stress less medical issue। all problem are with middle class@@Kartik-ij2vy
Arrey sirji
Recently I discovered your channel…
Tab se TH-cam pe sirf aapke hi videos dekh raha hun …
Aur kitna impress karoge… salute to you for sharing this…you saved many lives
Truly an eye opener video.....The key concept is Excel sheet doesn't have emotions and aspirations....Thank you very much, Sir ji ...
Only an experienced and wise person like you can guide us.
Great Chaudhary Saab.. 👍
I wish you'd made this video 10 years ago! My parents, wife and many others tried to make me understand that human aspirations can change but I didn't understand. Today I do. :)
Earning as much as one can is not only great for financial security, but also keeps the mind young, and self-esteem high.
Deep words
"No one can predict human aspirations "
Brilliant!!
My FIl retired as SBI bank Manager did his job at the highest rate of honesty.. now he is 72 yrs leading a beautiful life in hometown having passion for gardening n spiritual growth. Gets his pension n guides his village people helps them with money investment etc
and what r you doing other than leeching on your husbands money???
lol what easy life u women have first leech on fathers money and after marraige leach on husbands money lmao
😊😊😊
👌👋👍🙏.Agree with you..1988.Vadapav at Mumbai was 50 paise..now average ₹15..then Tea @ grade_2 restaurants and now ₹20.….Auto fair min ₹ 2.8 and now ₹23..
Live minimalistic after retirement. Good food, good cofee and peace.
AAP NA mirror ho , mai paid subscriber to nahi hu per aapki video se bahut kuch sach dekhno ko milta hai , property ka plan kiya tha to dekhna start kiya tha , usse bahut kuch upar sikh liya aapse. Thank you dil se
Tussi great ho guruji...
Sabko hilla dala 😂✌️
Le li bhai saab ne ankur warikoo ki dubara...
But, we must have a clear target of accumulation of wealth at the time of retirement. We cannot keep on moving our goal post. Off course, we must keep some margin of safety.
You have shed light from a very different angle on this very important topic and I must say that this perspective now resonates with me better. This way of thinking seems to be nearer to the truth that life does not follow excel sheet calculations. Thank you Sir for the wisdom.
Very realistic and practical views on retirement planning, first if it's kind. Extremely useful
👏👏
Great advice!
Best strategy is to get daily exercise and keep fit, keep working as long as possible and have an option to earn money in some way even after retirement
Actually, this is the bottom line.
Great Great Great piece of content, sir please don't stop the youth needs you 🙏
My parents retired with no savings and two rental property paying 15-30 thousand and 8-10 thousand from me every month you don’t need much
Hello Sir,
To be true I am a great consumer of Financial related Videos. I have been watching Early Retirement related videos for many months. I am in my mid 20s and a employee at a private firm.
This particular video where you said about Excel Sheet and Human Emotions was really touching.
Thanks for the hash reality.
Thanks and Regards.
Awesome Video. Truely eye opening. 🙏
In 2000 i ate icecream minimum of ₹1 now its available for ₹10. But now so called financial influencers tells us if you are earning ₹5lac/year you may retire by collecting ₹1.5Cr. 😀
Don't compare with a single item . it it should be compare average of many item . like price fuel ( disel petrol) sugar price 15 to 42 now. Price of edible oil increase only upto 5 times. Price of salt rice wheat . house rent travel fair. Mobile bill etc 10 items nhi increase hua hai. Some item increase more than 10 times. Average inflation 7 percent but it should be decrease in future as in developed country. Past m inflation jyada tha so prices increase jyada hui .in future inflation will decrease so price jyada tezi se nhi badhne. . you should be understand the difference between inflation vs aspirational inflation. Suppose you belong to poor labour class and want to switch to higher class for you inflation in much more than real inflation 7 percent . so dont blindly follow to any one. I agree with him in many videos . but disagree where he told about buying house too much early. Suppose you are in 30 and bought a house then you have to pay life long emi ( 10k rent bachane k chhakar m 60lakh ka loan) . life long job loss k fear m rahoge. Kuch new kr nhi sakoge. Apna start up etc krne k plan sab off ho jaayega.
@@seema16878 mam . what's every body thinking is not a part of discussion. We are talking about wealth creation. If you think buying a house gives you more return than that of a good quality stocks or index fund then you r probably wrong . why most of banks dont buy their own office ; they usually take others property for rent and use rest of the cost of the house for value creation. If you want to buy a house then it should be at the time of retirement. For a person of working age it is not good to take a loan of 60lakh . suppose if you have transferred to another city then it is very difficult to manage your real state.
@@seema16878 for a real state for the point of investment purpose only if you have already good exposure in stocks of sovereign gold bond or others high return assest. For a house rental yield is 3%+ 3percent price appreciation nothing much in long range. I dont know where you are getting a 60lakh flat for rent 20 to 30lakh . in my cities in 60lak you will get 1000sq foot 2bhk flat fir which you will get only 10k / month rent. Real estate is good for investment only if you have a good black money; which you cant invest in stocks. For a real estate you have to pay 10%/extra at the time of purchase in the form of stamp duty agent commison and soo on and at the time of selling you have to pay 20% long term capital gain
Icecream 1 rs m, wo v 2000 me?? Kaun sa icecream khata tha bhai.
2000 me main cornetto khata tha cone wala, 12/15 rs me.
Honestly speaking, I believed same ..after hearing u, it has been stamped sir..very true..tx
People can retire after having 40 times money of their Annual expenses but they can do some low effort peaceful business from where they can get some money to support their expenses ,this way they can get rid from stressful job and live peaceful life at less expensive place. They will off course need to invest their atleast 70% money in equity mutual funds to earn good returns and they can use 30% money for expenses and when market become expensive they need to book profit and transfer money to debt instrument, money management knowledge is very important.
You are so sensible..no graphics, no loud backrnd music..simple logic
Guru Ji 🙏🏼Bas chalte jana hai ... Jeevan ka yahi Fasana hai 😊
Great knowledge
I really appreciate this as I have completed 75 years and I have seen all these changes
Sir
.
.
Your vedio is aimless and carries no.infirmation.Before you put vedio you need to learn yourself.
Sorry for criticism.
Great thought sir. I wish I had know this 15 years ago. 9 pm
Brillant zameen se juda analysis Sirji🙏
Totally agree. I never care about goal. Also passive money is more time consuming. But one has to be ready to make it.
I agree. I follow the same rules- NEVER LOSE AN OPPORTUNITY TO MAKE MONEY!! I AM 66 yrs -
If you earn money from something which you enjoy doing, then you don't often think about retirement. Any person who has experienced it can relate to this fact.
Like Cricketer, Singers, Actors, Painters ?
Yeh to apne dimag ki batti jalane wala gyaan pel diya... ❤ thanks a lot
Humble request you to make a Video on NPS. THIS is the High time and high demand topic of your subscriber. And i hope this is the best time to take your views on this.
Sir
Thanks for your opinion.
I 100 percent believe on your views and acting on this way at the age of even 63 years.
Thanks for your support and eye opener for many people in the society
Realistically speaking in this day and age where things are changing so rapidly you just CANNOT retire irrespective of money. Anyone saying otherwise is just misguiding you. Don't fall for it.
Great ideas श्रीं मान जी
Big salute
5:03 from my birth till 28-feb-23 i heard this for first time, and i chuckled. innovative word. I'll always remember this! was traveling in train, heard this thrice, and laughed each time. 🙃
Very good video guiding the person going to be retired and other serving people to do planning in advance to lead a happy life.
Years ago, I thought i would take early retirement, given that mine is a pensionable job, but now no amount of calculations would let me do so. My pension and with other rental incomes would not support even my minimalistic life. Your content has motivated me to carry on.
Great explanation Sir. Much needed for today's misguided and adamant generation.
आप बहुत बढिया एक्सपेरियन्स share करते है सर 👌
I agree with you Sirji. Totally makes sense.
Great video and very much needed for all the youths. But Just one thing to point out there should be a number which one must target. May be 4% withdrawal will work in western countries but may be that can be 1% in India. So we need to target 4 times higher. So as Sir said in video 10 lakh expense may need 2.5 cr ( western formula ) but in India that should be 10 cr.
I think 2.5 CR is also enough if that money itself is growing at better rate than inflation.. maybe in SGB it can be possible
10 CR after how many years.....??
After the retirement of my husband. We started a home based food business with a small amount .we got busy ..and finances are much better...one should not sit idle.
Je baat
That's not retirement 🙂
@@siritachighibliuchiha7617 That's FINE "Financial Independence New Endeavour"
Very good initiative
Mananiya aapka margdarshan bahut acha hai. Dhanyawad.
You retire from your financial insecurities only..Thats the goal of early retirement. You just need to keep continuing your work until you are enjoying that or doing what is giving you enjoyment. Doing nothing is not the goal of retirement.
Beautifully explained
Keep encouraging and enlighten us
What a clarity!! Thank you sir.
thank you sir, im 21 yrs old rn and I had decided to make my net worth of 100cr, now after your video im pretty sure I wanna make it 1000cr by the time I die. ty. !!
Brother, all these numbers are bloody nonsense. Focus on buying 1 property where you can retire, after that you need a maximum of around 3-4 crores, you can live off the interest or dividends you make from that after that. All this nonsense of 15 crores is ridiculous. That is $2.5M dollars in Canada, and most people here don’t even have $500,000 after retiring here. What a load of nonsense these people on reddit and this channel is spewing
@Shashank Prabhu 👍 true.....Normally Indians start investing in their 30's...because before this hardly there is enough money....Now in 30's, they have so many others responsibilities as well....they can't invest 100% of their salary to get 10-15 crore for retirement 😮
True.... people should be clear that it is always good to earn till the time they are able to without thinking of getting retired because you never know what is comming in futures a shock so be prepared....and it is good to engage your self as well in some work instead of thinking of taking retirement and taking rest
You are really practically speaking
I appreciate you
Problem in India is we pay tax on everything we buy , on our income but we don't get quality public schools and health services . Our 50% of lifetime earning is going in pockets of politicians . We are blind
Agree
Agree to add value at every step in work or business life.
You are 100% correct.
100% agreed. Ye 4% rule US ke numbers se backtest karke nikala hua h, jaha inflation 2-3% average rahi h.. Bharat me ye rule sikhana to ekdum galat h. Plus uska goal sirf 30 saal ki retirement tha.. usse upar ka to study wale khud koi bharosa nahi karte. I think rule chahiye bhi to kuch 0.5-1% maanke chalna thoda safe rahega.. baki bharosa to fir bhi kuch nahi h.. Also ghar pehle se hona chahiye. Bhagwan ke liye koi rent pe retirement na le.
Amazingggg Sir👏✨
So very much Great you are✨🌈💐
Very realistic. I totally agree.
You always keep New and real practical view's thanks useful to all 🙏🙏
You are speaking the ground level truth 👍🏽👍🏽
Never settle 😀. Naukari krnevale retire ho skte hai lekin businessman nahi.
Very good. I fully agree with you. I want to add you can't buy a good house in 2.5 Cr in Gurgaon today , what is 2.5 Cr nothing. But always spend wisely keep earning any keep saving. What will the situation tomorrow you may need more for some unexpected expenditure
Good house?? Whats that??
@@amritamuttoo6397 good house is just a house to live in n. Nothing special.
Sir I want to settle in Gurgaon. I started working as a fresher this month in an IT company. How much should I save to buy a house there? Also, is Gurgaon a good place to buy a house?
True explanation.. thanks sir
I just want to say Thanks for giving me this point of view as well.
I agree...to live a dignified life in old age u need to have money
Good & agree that real life doesn’t work on set principles.
Thank you sir.
Totally agree !!!!
You are right. All these formulas might work in saturated economies with no inflation
Sir, this is very aspirational. Hard-hitting, yet so true
नानाजी का कहना था चार लोगो को पेट भरने के लिये दस ग्रॅम के सोने के बराबर आय चाहिये.. It's just to meet both ends So we must earn double than that as average middle class..
Zabardast guru ji
Really a very good video on the internet, all are just busy calculating in excel sheet... This is a eye opener video.. Keep posting such kind of videos
Minimum wealth goal should be there for being financial freedom. No need to retire.
There is a difference between Financial independence vs Retirement. 4% rules helps you get independent and after that you can focus on other avenues.
A practical perspective for sure … 💯 right
Mag mag too good
Real clarity
Extremely eye opening video.
retement is dpends on individual habits and consistently maintaing that habit . Then only works and will mak your statement/ scaring notes falls . Thank You Sir
One of the best videos I have ever seen , forwarding it to my circle.
I have recently started watching your videos. Very realistic 👌
Hey - I don’t understand why i was unsubscribed… god bless.. you are very good teacher n this concept is so important!
It’s feels more refreshing when you wear polo tees. It feels somebody close is talking. In suit it feels someone in office is talking
Sardi hai abhi. Why focus on dress. Why not message
@@ClarityForYouth just saying. Casual seems better . Never mind .
That’s real wisdom rather than quintessential bookish knowledge.
Eye opener video for all, in my opinion if you need a break from service take 15 to 20 days. But we should keep on work sir.. working after retirement not only it is related to money, you have to keep on busy yourself and roam around....then only the body will also be fit..add on to that we also earn something.if we keep in at home.and we will be burden for our loved ones as well...if we like it or not we have to keep update ourself....
Thankyou. Bhai. Sahab. RAMRAM
Main and most important is invest upon your personality and education so that money follows u
This is very important topic.
Very valuable talk
When money exceeds ypur requirement you have to safeguard the money losing your sleep and when you are short of money then you still cant sleep to keep both ends meet.keep only needed money to live daily peaceful life.
I like your bluntness & way of presentation the things.👍