How did he RETIRE with 10Cr+?
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- เผยแพร่เมื่อ 24 มิ.ย. 2024
- Mutual fund industry veteran Karan Datta who retired with over 10 crores in his kitty! Discover the secrets to financial success, investment strategies, and smart retirement planning that allowed him to achieve this remarkable milestone. Whether you're just starting your investment journey or looking to boost your retirement savings, this video will help you become a better investor.
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I advise you to record a video including persons that make between Rs 50,000 and Rs 1,000,000 per month.
Shoutout to the producers for finding such people. Crazy good episode… I really wish we could get detailed conversations instead of small small cuts💯❤️
Thank you
Agree!
The secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.
This is really amazing though. I'm curious as to how he did it. Was it real estate? Or he was a market enthusiast?
Investing enthusiast? Not my dad. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.
I'm hesitant to make recommendations like this online so I can't drop her contact here, but you could look her up yourself and contact her if you wish. Her name is Sharon Louise Count.
I appreciate this, man. I'll look her up, and I hope I'm able to reach her.
I retired at 43. Personal situations compulsions. But I'm focusing on health. A marathon runner and training for triathlon.
Being middle class people, we don't know the wealthy mindset. Really these videos are inspiring and same time it is giving us guidance to financial freedom journey. Please keep doing it.
did you invest anything, i have 20 Lakhs , dont know what to do, kept in FD. my age is 35, please suggest what to do
@@latifkhan535best is to invest in Index Fund. Nifty 50
I am glad he mentioned about what you would do with your time, that’s more important than the financial aspect of retiring
To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45.
Thank you for this amazing tip. I just looked the name up, wrote her and scheduled a call.
00:00 💰 To retire with 10 crores, consider factors like long-term inflation, returns, and annual expenses.
01:11 🕒 Retirement is about buying time, so know what to do with your time before leaving your job.
02:37 💼 The mutual fund industry has seen significant compounding returns over 25 years, but many investors miss out due to short-term focus.
07:10 🏡 Real estate, gold, insurance for protection, and mutual funds for wealth creation are key components of asset allocation.
09:18 💸 Diversify income sources in retirement, including investments and other ventures, to maintain financial stability. Passion spends are essential for enjoying life.
Thank You Very Much for Beutiful and Amazing synopsis
Leaving poor and dying rich.. Great line and great episode 👌
One of the best interview. Really liked his personality. ❤ Great work wint wealth
Thank you very much. I also truly enjoyed sharing my personal journey
Can these interviews be longer please? Nice information from these vids.
Noted!
अनुभवाची शिदोरी परिपूर्ण आहे .....सर आपल्या पुढ़िल वाट चालीस आणि कारकिर्दीस शुभेच्छा
Mr Karan Datta, has clarity of thought, is humble and focused towards his goals. Lot to learn from his sharp insights.
Thank you
Incredible content! I'm absolutely amazed by the clarity of Karan's insights.
Thank you very much. Very kind of you.
Loving this channel. Great content. Keep going.
This video is too good
Please make them in podcast style like for 30 min.
I know retention is pretty less but value for viewers would be much more.
Very level headed conversation about wealth creation and looking forward. superb.
Keep watching
Thank you very much. God has been very kind and this journey is what I wanted to share.
@KaranDatta Thank you for the insights, Sir. Your insights are very useful, as always!
7:30 - On point. RE is for living, gold is ornament, MF is for wealth creation
I like the relaxed way of speaking there is a calming influence in his voice.I appreciate his focus on health and exercise. Nice interview
Thank you so much. Very kind of you
just love ur content on retirement journeys
@KaranDatta Sir Inspired to hear about your journey, lifestyle and dedication to fitness (the most valuable asset).
Thank you for sharing the tips. Not everyone will be open and share. Thank you.
Thank you
Thank you Karan Sir for insightful journey and it's really motivating .
One of the best personal finance I heard in the recent days
Wint should share the frameworks and transcripts on your website
What a fantastic video! Loved every word he uttered and have shared this video across my entire network. I love this channel. You guys are doing a great job.
Please bring more such people on your channel :)
So kind of you. Thank you
Very nice interview. With simple but life changing advice
Loved this interview. Candid & to the point
Thank you very much
@karan, great insight & clarity on FIRE
Listen to this gentleman was so soothing❤❤❤
Amazing episode! Very inspiring
I think ESOPs did the trick for him. Only Mutual Fund SIPs won't generate even half his corpus in 25 years unless the instalments were mind-blowing huge. Huge instalments are not possible early in the career.
Well to get to half his corpus which is 5cr you need to invest approx 12k pm in first year with 10% annual step up for 25 years. Of course that 5cr will most likely be worth around 2.5cr by then due to inflation
@@pranavmalhotra91875 cr will be worth not 2.5 cr but 1 cr after 25 years.
Yes ESOPs did play a large role in my corpus creation. Having said that, the habit of savings states much earlier and SIPs were part of my journey. Plus investing the annual bonus etc.
Yes a practically achievable corpus is only 3-4 Cr max.
@@jrajesh11its all depends on how much u willing to sacrifice for early retirement.
I usually save & invest 90k / month on 130k/ month doctor salary,
I didn’t wanted to get married, kids & my parents have their pension & house so my expenses r very low. I even don’t own a car.
Also i m starting a side hustle to save 200k / month.
I want to retire after 12-13 years at age of 50, with 400k usd ( I mentioned it in usd because inr keeps falling & I gonna spend my my on abroad anyways
Thats called quality content❤
Thank you so much for your kind words.
Superb video. 🎉 keep posting.
Wint just doing the marvellous job so much knowledge In short snippets keep uploading keep on guiding
Thanks, will do!
Agree. Wint has been quite phenomenal in bringing out FIRE journeys.
On an encouraging note the guest looks like actor Jeetendra 😊
Hahahaha. I will take that as a compliment. Thank you
You sir is a gem of a person. I have seen people with 50 Cr networth not composed not calm You have not made only money but yourself as Well! thats what matters the most.
Thank you
Very inspiring story....
AMAZING GUY.I LOVE THE WAY MR NISHANT PRASAD SPOKE ABOUT TIME.GREAT THINGS TO LEARN IN EACH ONCE LIFE.
Thank you very much for your kind words.
Very nice interview.
I think he retired with 18cr, as per livemint article.
He is very humble !
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds 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.
Try to evaluate for urban village side retirement .... Plz make one video... Surely metro need 50k per month
Great interview, great guest, great watches! 😄
Thank you
7:54 @KaranDatta you said big chunk is in PMS. I am assuming you meant portfolio management services. What is your opinion on PMS? When should we opt for it? Is it worth paying the fees to PMS as opposed to selecting ETFs and MFs on your own?
I have always been a big believer in capital markets and thru MF or PMS. Earlier I was not allowed to invest in PMS because of my work. Now that I am allowed to do so, I am happy to participate in it because of the fund structure. I am comfortable with this particular PMS and it works for my style of investing. Fees are not as important as risk adjusted long term returns.
its all about journey and your decisions in between
It’s too guud.. gave me clarity why when snd how should I do earning on my own 👌
Happy to hear that. Thank you
a nice concise interview and a very beautiful home.
Thank you
Wow he explained it the most simplest way
Thanks a lot. Means a lot to me.
This guy has a lot of clarity in what he should be doing can easily feel it from his speech.
Thank you very much
@@KaranDatta🙏🏻
Excellent video, very helpful. Keep it up!
Glad it was helpful!
Thank you so much.
Really good content.....!
Thanks for the video 😊
Glad you liked it
Thanks a lot
Excellent video.thanku very much wint wealth.
Most welcome
Thank you very much
Nice session. Could some one show some light on where they sell the used luxury watches :-) am just curious or are those limited edition ones..?
Ethos Watches have a business that deals in pre owned watches. It’s called Second Movement
Thank you
Those in the comments are saying that average life expectancy in India is 70.
That is the current life expectancy and i guess people here are in 20s or 30s and after 40-50 years , life expectancy will be minimum of 85-90 years of age.
I read a news due to heavy pollution life expectancy is decreasing. Lets see after some how will it be
It's not how long you will live... it's whether you will be fit enough to enjoy the so-called accumulated wealth at that age - IF you reach there, that is....
0:45 Why can you only withdraw 4 to 5 percent and why will this end in 25 years? If you are making 6 percent over inflation then you can take 6 percent infinitely right?
Great insights from this video thanks wint wealth
Glad you enjoyed it
They should share approx numbers. 10 cr+ doesn't help. His house and watches indicate that he's more than 50 cr. So please put rough numbers. You can't afford his lifestyle with 10 cr.
The video does say 10 cr plus.
@@KaranDatta yeah and 10+ could be anything. 11? 100? 55? 1000?
Just curious about the market value of that house. It should be anywhere between 6 crores to 18 crores based on the city, locality, interiors, furniture etc. 10 + crores wealth can mean 50 crores as well. Unless the interviewer state the wealth with not more than 20% difference, viewers can't make anything out of it and there is a difference in between retiring with 15 crores and 50 crores
Fair point. The value of the home would be between 6 to 7 cr. Investment corpus is between 15 and 18 cr.
@@KaranDatta
Thank You Karan for openly talking about your wealth. It gives some good in sights about wealth to younger people.
The guest has awesome clarity.can we get more video
Books or any resources from him ?
Thank you very much. Happy to connect and share more.
Karan Sir you are phenomenal, would love to hear more from you
One of the best❤
Hi.. great clarity about his content of money & health except teeth.
Need to take care of those 😊
Hahahaha. So true.
Amazing guy however his watch collection definitely needs a Daily beater like Seiko and definitely needs an Omega. A micro brand such as Stratton would also show his knowledge.
You know your watches. Thanks for the advice
This is how success looks like 👏 being from a middle class family myself I too have a passion for watches but I am still building my fortune
Watches is a passion because of my friend Deepak Tomar. He introduced me to Horology and the craftsmanship of watches
Gem of a person Karan Datta official ❤😂
Thank you my good friend. You are always very kind to me. When are you making me ripped like you.
Good one. Actually we r buying time after being wealthy..
Yes. We buy time with our money. It’s important to know what to do with our time.
Sir great advise on investment, but Hublot, Panerai and Bell & ross are not good watches/investment.
They are pieces I love. They are not an investment. Each one has history and has military history 😊
Prasad..good one..why is are keeping phone in your hand in all videos. does it not distract us and you?
Why the video felt like cut short at places. Length should be increased.
25X which is basically the 4% rule is not sufficient to retire in India. Need atleast 35X to be on the safer side.
Anything between 25 to 30 times should be fine. There is no fine art but the range works.
@@KaranDattahow much % do you withdraw from Equity & Gilt every month for your monthly expenses?
@@KaranDattaso it's 400x of your monthly expense?
@@LinkedInJobProvider-yu8ivI think 400x is safe
one of the best interviews
Thank you so much.
I have started my SIP investments and I’m also a firm believer in the long term game… but my only confusion is that when does one decide if the investment is actually worth keeping or not? For example… if I have an SIP in a mutual fund that invests in small cap tech companies, then after how much time should I just check if I must continue the SIP or not? 1 yr/2yrs…?
Pls stay invested and give your investments at least 7 years before you start thinking of stopping
I‘ve never imagined my life after 30 or 40. The surprising thing for me is the fact that I would have relatively much more time. No magic will happen. I shall better start investing by now. 21.
Very realistic and well said
Thank you
Real estate is for living, Gold - Ornament, Insurance is for Protection and Wealth creator is MF (long term) :) , and next line is these 4 has separate work. So it means, it is not good idea to demand wealth with real estate/gold :) Made me compulsory to think upon this
Yes that’s correct. Pls don’t add RE, Gold or Insurance policies to networth unless Gold is in ETF or Funds, there is a second home which provides rental income. Insurance is pure protection and should not be counted as Networth
I am surprised how will he be able to compete for India given he is already 50 plus 😮
0:20: 💰 The video discusses three ways to plan for retirement: considering long-term inflation and returns, withdrawing 4-5% of the corpus annually, and having 25 times annual expenses saved up.
2:35: 💰 Investments in the mutual fund industry have seen significant returns, with an average compounding rate of 18-20% over 25 years.
5:28: 🏃🏻♂ Retiring early at 48, the speaker spends his time training for sprinting, playing golf, and studying geopolitics and its economic impact on India.
8:04: 💰 The speaker discusses their investment strategy and how they utilize their funds for income.
10:42: 🕰 The video showcases the speaker's collection of luxury watches and their personal value.
Recap by Tammy AI
Hi karan,if i may ask which pms are u trusting?will give a good idea as u being insider in industry.
Good question. I trust my financial advisor who runs a PMS with a 10 year track record. It has a steady track record and invests in companies with zero to minimal debt, decent cash flows and under ownership.
@@KaranDatta thx sir
Can you name few who tick all the boxes most of the times
Not as recommendation but for analysis and reference
He looks fantastic for 53 and very wise
Sir, I am confused here, if I take out 4% every year with a growth rate of 12% or above on average, shouldn't the corpus last forever. Could you please explain to us in more detail? Thank you for the video
Because of inflation, you will need a higher % withdrawal each year to manage expenses. 4% rule with post tax return of 7% and inflation of 7% means 25 years of expenses. Of course actual returns and inflation both can be higher
Very nice interview. If you can Karan, what is the price of the house you staying? Its very beautiful.
The price of my home seems to be around 6 cr. Not really looked around seriously but once in a while that’s the kind of price I hear
Change the question to how much my life need to live a good life.
someone need 2000$ for a month and the other one need 2000$ for a year and so on
Wonderful information on investment. I got clear idea on investment especially types of investment and buying watches⌚ brands
Great to hear!
Thank you.
Checks out. In 27 years with a lumpsum investment you would 100x at 19% cagr and 400x at 25% cagr.
He said withdrawing 4-5% annually would last for 20-25 yrs but Ideally if u r taking inflation into account then withdrawing 4-5% should serve you infinitely if one could earn on an average 12-13% annually ?? ( which seems practical assumption as sensex have delivered this in last 2 decades, and some of the safest filtered stocks of sensex have even delivered 20-25% 😀 consistently over last 2 decades).
Agree
Increase the video lengths
Do these guys while calculating their Value or their fund they retire with include Generational Wealth?
I know it can be a silly question, newbie here and still learning.
No. There is no generational wealth here. All earned during the course of my professional career.
@@KaranDatta Thanks Man.
The amount of Rs 10 cr obviously does not include the value of the residence. It would be helpful to know that together with city it is located in.
No. This does not include my home. We are based in Delhi
25 times of your annual salary
50 times of your annual salary
should be rrtirement value
Each episode is nothing less than a book
Thank you.
I must say that man is very smart.
Thank you. Very kind of you
I think practically this type of early retirement is possible only for few people.
These are exceptional cases.
For middle middle class people what is more practical way to retire early? Particularly those starting salary is not much and initial life social responsibilities are there, house to be purchased...
Which are more safe and beneficial for the next 30 years index funds of active mutual funds?
Both are good provided you stay invested and stay the course
@@KaranDattaThankyou Karan but the returns and CAGR generated by the actively managed funds(especially midcaps) are far more than that generated by the index funds over a time period of 3-4 decades even if u consider the expense ratios and taxing on actively managed mutual funds. Please rectify if I’m wrong.
was it a Wrist watch add video ??
which stocks can give you 15%
Which city is this house? So much greenery
We live in Delhi and we are lucky that our home is next to the Ridge. That’s a 5 km first area in Central Delhi referred to as the lungs of Delhi
Great channel 🎉
Thanks for visiting
I agree. Wint has done a great job
We are actually Buying time with this money.....an eye opener!
I am investing 1.7 crore in mid caps, flexi and small caps in 2023-24. How much of a corpus roughly can I expect in 2044 i.e 20 years from now?
damn
consider an avg return of 10-15% pa if everything goes well
Too Good