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25K Salary at 24 to Millionaire at 50 | Basics of Making Money
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- เผยแพร่เมื่อ 18 ส.ค. 2024
- In episode 125 of PG Radio, we address the question "How does a 24-year-old earning a salary of 25000 set me up for early retirement or become a millionaire?" with @NeerajArora.
This is what we talked about:
0:00 - Can a 24-year-old with a 25K salary become a Millionaire?
7:44 - Calculating How Much Money You Need to Retire Early
15:32 - How to make 1.53 Crore from 1200 Rupees
18:58 - Calculating Monthly Investment to Make Your Retirement Corpus
26:16 - What is the best Asset Class to invest in?
35:11 - How to choose the perfect Asset Class for Yourself?
40:48 - This 1 Tip is Super Important
45:12 - Summary of the Blueprint
55:41 - Don't make this Mistake in Making Money
#money #millionaire #earlyretirement
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TEAM
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Produced by- Ansh Bhatnagar
Edited by- Kunal Varma
Host- Prakhar Gupta
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Bhai finance mein time value of money chapter se hai
Bhai aaj se 25 saal baad 82000 ki value aaj k 25000 k brabar hogi vo to socha nahi.
Inflation? ?😂
Interest ki income per tax bhi kata jata ha babu 😂😂
Recently, I've been pondering retirement. I've also want to put $300K into the stock market but i need an approach that will align with my risk tolerance and financial goals to secure our future
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.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
I dont know if you are confortable trying finacial advisors recommended on comment sections but well, Svetlana 'Sarkisian Chowdhury' is the licensed advisor I use. you can Just search the name. You’d find necessary details to work with to set up an appointment.
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.
you can do excel sheet, but problems with the model:
1. Inflation not accounted on the monthly expenses post retirement, it should also increase, so 84,000 monthly would not remain constant over the years
2. no Account for life goals - child's education and one home for old age, let alone a car or marriage
Account these things, and you'll realise it cannot be done with small SIP of 10,000 (15% up every year) only with 12% return
Sip is a blessing for new investors. During my college days, I started with 500 per month sip in a small cap fund before Covid. My returns in the funds were almost 80% in 2.5 years time. Don’t underestimate the power of compounding!
This type of return is not repeated always
9:36 You can correct me if I'm wrong, but what people are saying about becoming rich on an Excel sheet is certainly true.
You have factored in the inflation rate and incriment rate in your calculation, which is great. However, when looked at practically, a person who lives to 85 won't just spend their entire savings on limited monthly expenses. There will be various points in their life where they'll have to spend a significant amount of money: buying a house, a car, weddings, children's weddings, etc. So, no matter where they invest, they may not have the amount of money you anticipated when they retire.
Exactly u need to set aside a good amount of money to invest and don't touch that amount for a good amount of time to make it. Bolna aur sochna bahut easy karna bahut tough hai
Also, post-retirement inflation is not factored into the equation. So, even if the individual accumulates the expected wealth under unrealistic circumstances, it may not suffice for them to sustain their lifestyle throughout their lifetime.
These influencers love ignoring important points and make click baits.
Increment rate in india is not constant mainly in public sector no Increment
Everything is easy and possible in excel sheet 😂😂😂😂 😂😂
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multimillionaires.I pray that anyone who reads this will be successful in life❤❤❤
My greatest happiness is the $ 28,000 biweekly profit I get consistently
Can I also do it??? My life is facing lots of challenge lately.
Mrs Melissa Ann Long services made me who I am today and God is the master planner
She traded my $12K to $117K in space of a month, she is awesome💕💕💕
Her good reputation already speaks for her, just last month i invested over $ 10,000 with her and I've already made over $ 150,000 profit.
Just one thing, This is very valuable for me, Thanks a lot for it from bottom of my heart 🙏❤️
It was 2014 when i met CA Neeraj Arora sir who gave us beautiful mantras for life during GMCS. Main ca nhi bani but unki learning aaj bhi meri life ke mantras hai. He made me little extrovert from a introvert person. Thank you sir
I calculated it, Neeraj sir is earning nearly ₹20Cr in a year.
I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Har saal 10% income nahi badhti yr. Believe me.
Correct
भाई यहां तो 4 साल में भी total 10% नहीं बढ़ती है 😅
increase hoti he bhai.. Govt job me hoti he.. 3% ka increament lgta he basic pr aur 7% DA Increase hota he..
@@DheerajSingh-us9nj मतलब सिर्फ गिने चुने लोग ही ऐसे इनवेस्ट प्लान कर सकते हैं क्यूंकि गवर्नमेंट जॉब में कुल आबादी का सिर्फ गिने चुने लोग ही जा सकते हैं 😅
I can show you that I earn 5% every month. Tum saal ki baat kr rhe ho
22-26 tak meri average salary 27-28 k per month rahi woh bhi out of hometown. Savings karna challenging ho jaata hai sach mein. 26 ki age mein hometown mein 42k in hand milne lage the and I was able to save 35-37k a month. Uske baad se confidence bada aur financial independence ki taraf badne laga.
Then?
@@abhinandanmaurya47 in progress
Bhai you have a similar situation like me aap ke saath baat ho sakti hai?
@@amoghpujari99 bolo bhai
@@chetanshukla768 aap first job me kya karte the aur savings kaise manage Kiya aur fir job switch kaise kiya
I have been very skeptical of Prakhar in the past. But, few videos of Prakhar have had a deep impact on me. And, one such was the philsophy of fight club. It is great to see his content coming back in the game. Good luck, mate.
That is game changing
please send fight club wala video link
th-cam.com/video/v2UeODhK25A/w-d-xo.htmlsi=sxhlxi62zS2qxjZn
The one video where he talks about cultural hegemony is my favorite one.
@@vishnups6829 link?
Bro this podcast is worth watching for 1 hour. I learned a lot from this podcast. Keep up the good work broo.
You have a loyal subscriber from now on.
Bhai iska papa bohot bada loyar hai....Iska level hi aalag hai
Thankyou Niraj & Prakhar ❤
I am 22 y/o had some clarity for further. 🙏🏻
Would like to see more with Neeraj sir. Great work PG.
More coming
I came here after watching reel on instagram,I can say that every single second of this podcast was worth it.I gain very much about MOney from this Podcast. THANK YOU Prakhar Bhai.
Thanks Bhai aapka comment was very useful mujhe pata chal gaya ki ye podcast worth it hoga , download ho Raha tha naa isliye
Me bhi insta se he aya hu
Started this with 10k sip in 2018...i planned for 30 year
*It's always an honor to have you here as a mentor, I learn a lot watching your videos and it has encouraged me in making decisions about my finances that changed my life. Imagine my initial startup budget of $2,500 gave me the profit of $10,500 in just four days. I must say that working with Caitlin Jeffrey is the best*
This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause. How do you go about this?
So surprised someone mentioned Caitlin Jeffrey. Imagine my $3k turned $12,400. Anyone who is not investing is missing a huge opportunity. I advise newbies and busy investors to seek her guidance.
Could you be kind enough to share the info of the investment advisor guilding you?
SHE'S MOSTLY ON TELEGRAMS WITH THE BELOW NAME!!!
CAITLIN JEFFREY
Nothing new was said in this podcast that was not said in PKP 2020 episode 1 with Neeraj Arora or in Dostcast.
But Neeraj Arora is always a delight to hear.
just the start
Hope so.@@PrakharkePravachan
Bhai please regular dal content@@PrakharkePravachan
@@PrakharkePravachanSandeep Maheswari Tera Baapu Hai Yaaad Hena 😂
@@dksingh3747sandeep toh firse trigger hogya carry se🤡
Summary-
1.Create a stabel income
2.Start investing in sip
3. Hold it for years and stay consistent
Bhai kaun si SIP me dalu or kitne Kitne ki 20 22 sal me 3cr k aas pas pahuch jaye...Meri age 35 hai..plz advice
@@m_PraveenPandeybest midcap finds dekhlo aap, aur top 3 me sip kardo equally. Around 15+ percent cagr mil hi jayega. Investing se pahle research kar lena.
20 saal mein 3cr ki value kam ho jaayegi
Sip kitni ki daalo - jitne ki daal sakte ho daalte jao aankh bandh karke everyones situation is different
Sip daalo main index funds for nifty, bank nifty, nifty next 50, etc dont go for other fund manager vaale mf
@@m_PraveenPandey 10,000 SIP in quant small cap direct growth. It's a very risky fund but within 15 years 3cr paar ho jayega. Suggestion to do your own analysis before investing 😇
@@pranavmalhotra9187you mean index fund me invest karna chahiye?
1. Tax on FD is 10% which you need to deduct from your 80000
2. What about inflation between 50-80 years. Will 80k be enough?
Sir, That is the great reply. Nobody is thinking of the Taxes..After all deduction can anyone say the Calculated amount will be sufficient which is mentioned in the Video. SIP Investment is good it is far better than the Savings account Interest but truth is Your lifestyle will be better from your current lifestyle. But if you are thinking these huge calculated figures will make you super Rich it will a Dream only .
Neeraj sir is always a delight to listen to.
Neeraj Arora.sir..my inspiration towards Mutual fund and SIP🙏
I am a big fan and follower of CA Neraj Arora sir.
Because of him I watch the ful podcast. His explanation skill are at the top. Love you Sir. I am also your student Sir.😊
Chlo bhyiii ...aa hi gye aap, bda intezaar tha 😂❤
Well, good to see you back🎉
Neeraj Arora is actually smart
Thanks man
Excited for this ❤
Neeraj sir looks like the elder brother of vinamre
Shaandar 👍👍 Sabse acchi baat ye podcast Hindi me hai…
BASIC POINT THA SAB
BUT BAHOT SIMPLE WORDS MAI SAMJHAYA SIR NE.. 🖐
Better than other podcasts… atleast sabko develop hone ke liye h
The most valuable and simple video on TH-cam.
Best explanation I hv ever seen on SIP and mutual funds
A person whose age is 25
And he earns 30k months
If he invested 10k month in sip he usually get 19%p.a
If he invest continuosly for 15 year he would have 1.02crore
And his age will be 40
After that if he would like to invest in fixed deposit he would get monthly 60k.
His whole video explained
And if you take risk then it will pay you
Inflation left the chat 😂
Chatgpt answer
Future value (FV) can be calculated using the formula:
FV = PV * (1 + r)^n
Where:
PV = Present value (initial investment)
r = Interest rate (in decimal form)
n = Number of periods
Given:
PV = 1 rupee
r = 12% or 0.12
n = 100 years
Plugging in the values:
FV = 1 * (1 + 0.12)^100
Calculating:
FV = 1 * (1.12)^100
≈ 1 * 13,780,748,415,821.72
So, the future value of 1 rupee after 100 years at 12% interest would be approximately 13,780,748,415,821.72 rupees.
Halat kharab hai bhai tera
But problem hi ki 25 sall me bhe paise lagenge na … its not like ki invest krenge and 25 sall tk paiso ki jarurat hi nhi pdehi …. Toh un kharcho ka kya???
Kaha kaha jarurat padegi bhai ?? Kharche bhi to badhaye hai
5k-6k hi dene hai har mahine .... 25th birthday pe bhi or 50th bday tak.... you can adjust it by calculating it...
If you are adding cost of marriage, family calculate it
Delete this comment...
24:00
I am 23 and I earn 3L per month. Software engineer here :D
I started with my first job with 33k per month.
Now working with a US based startup remotely from India.
Bro please can you guide me give me your Linklden I'd... please 🥺
Assuming unrealistic monthly expenses, where are the costs for rent, food, and essential expenses? IF SALARY 25K
18 year old teenagers are making 2-3 crs in the stock market and they plan to start crypto exchanges and forwards and futures! You don't need to be 50 to make a fortune
not asking for any investment advices, but can you list a couple of mutual funds you've invested in? for research purposes?
Prakhar Bhaiya videos like these candid pratical questions and their reasonably true answers .... these talks Let go my anxiety of being financially responsible and trying finding ways....
Bhai, Average earning family abhi bhi below average life jee rahi hai....High Tax, High Education Fees, High Loans Rates, High Cost of Living....Aapki geniune advise innocent logo ki help kar sakta hai tho bahut acha hai....Thank You....
Real answer is sir has been teaching actual income come from teaching at mass scale in every 6 months foundation passed students come for admission
Let's say 1000 in every 6 months take classes from sir 2000 in an year
Lets say average fees is 20,000 some students take all subjects some take selective subject
2000× 20,000= 😂😂😂😂😂😂😂😂
Thank youu so much for this type of Finance Podcasts 🥺😍❤️
Bro a person who is earning 25k a month will easily have a monthly expenditure of 18 to 20 k . It is not just about own expense but ghar pe bhi to paisa bhejega aur agar ghar ke bahar reheke naukri karega to uska bhi to kharcha hoga.
1) Earn as much as you can.
2) Save as much as you can.
3) Invest as much as you can.
yaaar u are a philosopher you have art of questioning u bro next level honesty
its a coincidence maybe but you mentioned bhiwani and i am from bhiwani and my CA Inter exam just ended today and i am here listening to OGs. Brilliant Episode ❤
These two are missing an imp point. Its not about what you earn but how much you are able to save. For most people, unless you earn in excess of 10L p/a, your badic expenses can wipe out a big chunk of your earnings... I mean think about it, unless you live with mum & dad, rent free, it is very difficult , to save and grow your money.....
He clarifies in at 24:00 minutes of video this part that who is earning today 25k some or other point of time he will also earn 1 lakh and more so he can now invest more of his money and at the end this whole scheme will balance out giving him the desired output
I am 20, 21 this month , I am a OPTION SELLER , I do reading and I make an average of 70-80k per month
Sach bhai m 20 k hu capital kaise aaya kya kra❤
glad to see such an informative podcast from our own country, well done sir
Great Podcast Prakhar, keep it up
Subscribed ❤
Low income means a higher expenditure ratio.
It's too simplified a calculation.
Compound interest sabhi scheme nahi deti. Bank Wale mutual fund Wale calculation me confuse karte hai client ko😅
@Prakhar Bhai can we pls get a copy of the excel sheet. I would love to start on my money multiplication journey. Much love
Always a pleasure to listen to Niraj sir ❤
Completely agree that if we stick to simple Nifty index fund and expect 10% that is annualised then it's enough to get you financial fitness and freedom no question asked.
I have a doubt in the calculation, as Neeraj sir has calculated 82k will come as monthly cash flow after he turns up 50 then for next 35 years inflation will also work hence these 82k will not hold same worth when he will be 50. Please correct me if I'm wrong.
The podcast I needed 🙇♂️ prakhar ❤
What an Inspirational video Sir..Thank you very much for inspiring narrow minded people who thinks like " aaisa thodina hota hai ".. Thank you very much.. Eagerly Waiting for second video Sir⭐
I came here after watching a reel and this is the first time i'm watching something related to investing and this video makes me hungry to learn more.
One of the best podcast i have ever listened
Thx god you back
Thank god again, cuz this time Im feeling 🔥
@@PrakharkePravachan I hope... And let's see 😂
I think cash out flow for remaining 35 year should be calculated with inflation
But still we will be at profit
Bhai badi baat to nhi boluga but jaisi Excel sheet ye dikha rahe hai na waisi sab bana rakhi hai Maine 1 saal pehle hi...
But 100 baat ki 1 baat Paise se Paisa Banta hai, limited hai to return bhi limited hi rahega..
Everybody know the compounding power but no financial influencers teach how to carry on long term goal along with short term financial need such as marriage,child education ,child birth etc 😂😂😂
Are we going to see a proper psychology/mindset/philosophy/experimental type of podcast in a near future ?
yessir. wait 2 eps.
Bhai kaha thhe itne dino se, wapis live streams chaalu kro bhai
A suggestion for non Hindi speakers - it would be great to have english subtitles included in the vid to make it more inclusive to a general audience. I happened to come across Warikoo's video which has this included and helped me follow his Hindi content. Thanks guys!
The best podcast i had ever seen.
Investing money consistently and compounding 👍
Well said follow simplicity, and know the power of compounding is the key to create wealth.May you all get sucess and happy new year readers.
Prakher, I would like to express my gratitude for your insightful videos, through which I have gained valuable knowledge, both from your content and from the wisdom shared by the Neeraj Arora Sir."
Sir I have queries Related 85 year of SIP 1 rupee every month but inflation rate also impact after 85 years 1.24 cr value will be 32000 only as per inflation Rate change
Bhai 26 years mein per capita income bhi to $2,600 se $20,000 par pahuncha jayegi over 100 years ye per capita income aur jada badh jayegi sath mein inflation bhi compound hoga tumhara over those years uske baad jo bacha waha par thoda bohot fayda hoga.
this was perfect
Quality Podcast
Prakhar ka comeback > honey singh ka comeback
only until chapter 2, we learned that inflation works for only until retirement and not after.
Look I love the content both of them put out. Neeraj sir is my audit mentor and Prakhar is my mental well-being mentor. But I don't wanna go through with the whole podcast clip if I'm not given a sure shot answer to the questions. Anyone can tell me things by talking around the bush. That's not what I'm looking for. So unless this podcast isn't gonna talk about right mutual funds to invest in and just hammer the "importance" of having one, I do not want to watch this.
He said in the end I will tell you best MF just to hold the audience
Let's goo PG!!
When I Started my Journey to become a milionare, like when i started earning money it was 10k per month working 2 hours per day a month, now i earn 30-40K with the same amount of time and i am only 20 and doing ACCA to learn more about finance and have a keen interest in multiplying money, i get my money compounded like 10% per month and if i would continue this i might have 1 crore in next 5 years, by investing only 3 lakhs..
how much are you investing per month to make it 1cr in 5 years?
From where we can get 10% i can invest 20 k per month
BEST VIDEO EVER ON TH-cam INDIA FOR THE EARLY YOUNG EMPLOYEES
Great video, trading come with a lot of benefits And
I have just bought my first house through it.
As a beginner I was scared of loosing my savings but
I’m glad I took the bold step that is now favoring me...
Wow, this video beautifully highlights the incredible potential of investing and the power of compounding through mutual funds! The way it breaks down the steps to make money by leveraging this strategy is both enlightening and motivating. It's fantastic to see such valuable financial wisdom being shared to help everyone build a more secure financial future. Thank you for this informative and empowering content..!! K33p it up..!!
I am earning 5% monthly and growing my money by compounding
bhai ek hi request hai audio matters in podcast so invest on them please ye baat pata nahi kyu most of the podcaster ko bolna padta hai
aur mera mtlb ye hai sound clear hona chahiye ek ka volume high hai ek ki low, sala kano ka band baza hua hai
bhaiya pls make a guidance video in 12th passing kids just joining college . mene aapka 80% poora channel dekh rakha hai but i still feel a lot of pressure and anxiety regarding college . " kya mein apne 4 saal jo opportunities milegi unka judicious use kar paunga " & and similar ques .
basically a vid on how to make the most out of the 4 years .
and ik i am contradicting all lessons from byung-chul han , hyper productivity and all that stuff .
Need this for sure buddy
bhai Kantent se pura TH-cam Bhardo
Sir thanks a lot 🙏
I am waiting for episode 2..
Watching this comments i believes every word that Neeraj had said that 80% couldn't beleive this return & they would quit.... society works like that
Bhai kasie 100 saal tak 1 rs monthly 12% rate se 1 crore kon se calculator se mai hota hai can you explain chat gpt ans is FV=PV×(1+r)t
Using the values you provided:
��=1PV=1 (1 Rs)
�=0.12r=0.12 (12% as a decimal)
�=100t=100 years
Now we can substitute these values into the formula:
��=1×(1+0.12)100FV=1×(1+0.12)100
Calculating this yields:
��≈1×(1.12)100≈1×11212.91FV≈1×(1.12)100≈1×11212.91
So, with a 12% annual interest rate compounded annually, the future value of 1 Rs after 100 years would be approximately 11,212.91 Rs.
That 100 is not for multiplication but as a power to 1.12
Aur Ye 1 crore aaj ke zamana ka 40 lakh ke barabar hoga isko kon batayage ?
Aaj ke time m 40 lakh kam nahi h,
Tabhi toh inflation rate lgai h isne. Sahi bta rha h
I love to watch these types of podcast n videos rather than fake movies n series, they r just waste of time …
You should also calculate after 50 years ke baad when he’ll withdraw 82k that time also due to inflation it will go even more , you should calculate it to till 85 years
❤❤
I dont usually comment on videos but this video was so brilliant i just had to
Please make an episode for those who have missed the mutual fund phase and already close to retirement age... (50 to 55 age bracket)
Ab bhai 6 mahine baad agla video dalega😂
hopefully that's not true
Next vid next week.
Thanks for this one