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3 great ideas on how to create a 1000 crore portfolio for your Heirs. Make a start Now!
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- เผยแพร่เมื่อ 21 ต.ค. 2021
- Wealth creation is a lot about starting early, choosing the right asset class, investing regularly, and making sure that events do not interrupt the compounding.
This sounds simple - but like they say, not so easy to implement, and hence not done by many people.
Do you wish to create a Family Heirloom for your family? Teaching your children the art of Trusteeship and adding to the value of the Heirloom is an important step....
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I started investing heavily after thinking about the same, leaving something for my newly born daughter so that she doesn't have to worry about her retirement. I never used to have 2-3 lakhs in my bank account before this thought. Fast forward 10 month and suddenly I see 7 figures invested without much efforts.
Birlas are an exception,otherwise in all families,when you focus so much on earning and saving and passing it on,instead of giving a holistic view of life to the next generation,the wealth vanishes on at the most 3-4 generations.so try to pass on so much that they have financial independence,but not so much that ultimately on nalayak in the family will anyways destroy it on a few generations!
Agree, atlest prepare kids with extra skills, and just one home thats enough
For some reason, the rich have problems having a heir, look at Tatas and Times Group.
Why are you sure that you can pass on money to your future generations but can not pass on attitude towards money ?
Can take compounding benefits for long term ...but what is the purpose of investing if you can't use your money for ur own .... 😉
You will realise when you become parents or grandparents :)
It’s called leaving a legacy.
I am damn sure u r below 30
@@SudhirKumar-iu6fz already dad of 2 kids
This was the exact thought I had few years ago. But then by just one book i.e (The millionaire next door) which changed my thought process in a very good way. I know one day this will reward me more than I could ever think. Please read it once whenever you get time.
Subra sir is not forcing to create 1000Cr anyone of you here in comment section but his main motive is to create wealth for your future generation whatever your goal 1 Cr 10Cr 100Cr…just invest 1000 SIP …according to your capacity…30000 SIP is for them who can…many Do 1Lakh SIP….
Very informative but many people will not be able to digest this information.
It's a great idea. I will really apply this to my investing style.
I don't agree .. create wealth so that you can enjoy ... Support your kids so that they can stand on their feet and flourish on this own .. Definately the remaining wealth will be handover to the next generation ..
sell all the properties receivied from your father,stand in your income only?
It's simple to grow the money to 1000 crore but you have to control your temptation of that big house, Car, Foreign vacation, etc. Even if you control your temptation, your kids or grandchildren will not be that disciplined. Remember to enjoy your money, if you are not doing it, someone else will.
Well amassing money 💰 is an obsession. After a point. It is nit worth it in the end if you attain it at rhe cost of simple pleasures like travel and recreational skills.
My father has become quite rich but in this old age he is no interests no friends. Just a fat bank balance which he is not willing to spend.
@@gprocky2010 right said bro
Having more money leads to only one thing-- Burning desire to have more.
Solid point. One must live a balanced life. What will you do with 10 crores at age 70? If you survive that is?!
what everyone is missing here is that: Subramoney did not ask you to save entire money. He said 30K per month. if you can not afford, do 3K per month. No one asked you to save entire money and do not spend. If you dont believe even in 3K savings per month then, wealth is not for you. Keep enjoying with loans but stop doing illogical criticism for his sane idea. Lol.,.
Sir in our community we did it since long time. As a retail businessman my grandfather did something which my father continued and now myself. But sean changed some time back when our kids went for higher education and leave our family business . So many shops are going to be shut down because of this. Our skills also being burried.
Change business module adapting is very important for the upcoming generation . Upcoming century will have a very adaptive business module . If your making 12% cagr from your business capital your doing good .
Wow, never thought this way. Thanks alot sir !
Most welcome!
Why do we want to give so much money to kids ? If you earn well, educate them well and they will earn themselves. Save for retirement enjoy ur money, thats it, none of us are here forever.
Because you are the one who forcibly brought them here. They had never asked to be born. It's your moral responsibility to pass on everything to them.
Sir, one video on "Why Billonaires are giving up their fortune to NGOs and other philanthropic activities". Will be interesting to know your views on this topic.
Bcoz they own most of those ngos. They still have access, less the tax.
To Save Tax
Old videos are always good for revision. Thank you, sir!!
You bet!
Good One!
Great video Subra ji. Thank you. Priceless advice.
Its old video reposted. But still love it.🙏
The math checks out on the 100 Rs. compounded over 200 years at 10 percent. It really boggles one's mind to realize a mere 100 Rs. can beget so much wealth. Like someone said, the human mind is designed to think linearly, and the effects of compounding can seem rather absurd at first.
Inflation in India also eats away compounding benefits, actual inflation much higher than government figures.
Namaste sir
Thank you for your great insight for long-term wealth generation..
I just did some calculation ,if we keep ₹ 10 lakh for 75 yrs expecting 10%growth it will become 1arab 27cr18 lakh but if we consider inflation at 7% the valuation of this big amounts will be 87 lakh so is this amount will help my future generations ?
4% is the avg. Inflation for longterm
12 % growth and 5 % inflation
That's the hard reality maah boy no matters how much those excel sheets makes you King ... Someone is there to give you a taste of salt Inflation . Shi kh rhe Nilesh Bhai .. baaki 1 cr hua to pta h bs 22 lakh hin rhne h sb le dekr
wrong calculation
brilliant!!
Thanks for providing ambitious thoughts sir!
My pleasure
U always great sir ❤
धन्यवाद गुरू जी 🙏
🙏🙏🙏
Super motivational
Will do it for my family for sure
I will keep investing
All the best
@@SUBRAMONEYPV Thanks for the motivational video. I am 43 and till date I was not after “creating wealth “ as I was not sure of the numbers. Now you have given me the numbers and I am seriously thinking of giving it a try. 🙏🏻
Great thought - never thought about it but u have implanted an idea into my mind for sure 🙏🙏🙏🙏
Wonderful
Hello sir, I just came across your channel yesterday & cant stop binge watching your content loaded videos. There's one question regarding a thing you mentioned in the video so it'd be much helpful if you can help/explain the same.
WHY NOT TO INVEST IN A FLEXI CAP FUND (FOREIGN, INDIAN EQUITY COMBINED FUND)?
must ask your adviser
great video. It inspired a lot. I m in same boat for creating wealth for 2nd generation.
Thank you for the excellent video sir.
This is true however keeping in mind Murphy's law we don't if our economy can grow at the same rate for a long time. Have you read about the "lost decades of Japan"? Yes it is not likely to happen in India but as they say : Anything possible.
You make a valid point. However, you will never have control over the outcome; all you can do is invest intelligently and trust the process. Remember, even Buffett had several bets that went to zero.
@@b.r.8528 That's exactly what I meant?!?!
Good advice for all
Glad you think so!
Sirji! Today is my birthday day by star, there never be great wisdom than your thought / speech. Accidentally I heard it this morning itself. Otherwise it may happen during the day. After hearing your thoughts, can not describe how much it energised it. Thank you sir. It’s not mere words. It’s from the heart.🙏
Happy Birthday
Happy birth day 💐🎂
Happy birthday
O
Oo
What about estate taxation
If we just calculate difference between first salary and last salary at retirement ...it is 20% Cagr. So everyone is becoming rich. In camparision with others are we rich?
You will not like it but ppl who want to make 1000 cr or are in the process of making it are not going to watch your videos.
Earlier ur videos used to be good and had some meaning but nowadays it looks like you r just making it for fun/timepass and kind of illogical.
Thank you sir..Hats off to your such big thoughts.
Thanks and welcome
Another excellent video sir ♥️
Glad you enjoyed it
बच्चो के लिए ज्यादा पैसा कमाना उन लोग के लिये आर्यन खान बनने की संभावना को बढ़ा देती है
90% of promoters in India are thieves, you can invest in very few companies for long term. Flat construction is so poor that in 10 years seepage eats your drawing and bedrooms. Bonds return is lower than actual inflation. Only thing that inflates is land/plot rates in this overpopulated country.
What a different thought
Sir please take the amounts low...so it will be easy...to digest
If son will come to know that father has this sum amount of money, but he has to keep it for his son he will run after his father
😂
How to start a LLP how it works in please in details
Why would you want to leave that much money for your kid,I think that is the more important question.this is having a very lopsided view of life.
How to transfer the fund to my son/grandson without selling?
Add him as a nominee....YOU CAN'T ADD HIM AS A SECOND HOLDER
you are talking for 75 years... it is not even 2 generations... 30 k per month with Inc of 3k per month... then my child has to carry for 70 years.... we need money now... but good for great grand son..m
Give good education to your children they can earn by their own if you give this much money without any hardwork they don’t know the value of it they spend it like water , you controlled all your desires and kept entire money in mutual funds waiting to multiply simply you wasted your life, One day you need to leave this planet why are multiplying it without using it for wishes and dreams,what is the point of living then entire life you are waiting for compounding the money
amazingly wrong assumptions. I earned, spent, and created a heirloom for my daughter who is a Ranker in all the exams she has written. She has an excellent career ahead of her. Entire money was not compounded, and no, I did not waste my life. Yes some day my daughter will have far more wealth than what I leave her, but she has an option of retiring without doing one day's work. That is an OPTION, she will not exercise it.
Sir..this is repeat video..we need new content.
True but have we implemented a couple of his ideas thoughts...we are wiser wealthier and healthier as well..
Only legends know this is repeat telecast!
I did
Me too watched it originally
Sir something unbili Abel
Seems this is impractical idea. But I love your other videos. Mr day starts with listening to your words 👍
u should have told it to my parents
If u had Rs.100, 200 years back...you are already more than cororepati at that time and may be in top 1% of rich people....this way of calculation is not correct
Earn money and live your life. If your son or daughter is worthy,they will make their own money if not they would be wasting your's
Will the current state of affairs and human civilization be there 10-20-30 yrs from now ???
I don't even know whether I will be alive tonight
Valid point
What will that person do with 1000 crores. He will fly like anil ambani vijay mallaya after cheating the fellow citizens. 70 percent population is still struggling to get 30000 per month salary.
Does this man have a Rs 1000 cr portfolio?
How does it matter ? what if he has and what if he does not?
@@SUBRAMONEYPV If he doesn't then he shouldn't be advising others, therefore it matters.
I have known quite a few finance wizards go broke.
What if you have only a daughter
what foolish thinking- my son , my daughter, giving too much money!!! No need of all these ,Give your son and daughter right education and let them make their money. This type of messages makes Indians so selfish. I always think why should even politicians Make so much money without thinking of society. Pls teach people how to invest but don’t make people selfish by thinking 10 generations!
ok sir. Thanks. Good GD Birla, Jamshetji Tata, Wadia, Mafatlal, Ambani didn't think like that. Bad for them I guess.