10 Points To Focus To Create Financial Success - Age Group 35 To 45
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- Опубликовано: 4 июн 2024
- #nri #nrimoneyclinic #financialplanning
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![How Much Money Do You NEED By 40? [Financial Independence]](/img/1.gif)
1) Review the Last 10 Years of life
2) No excuse for savings and it is a must now
3) Hire a financial planner
4) Human Life Value (HLV) Term Insurance
5) Regularly visit Emergency Funds situation
6) Build the Retirement Corpus
7) Increase your earnings
8) Second Income earnings
9) Children's Education corpus
10) Buy a Home instead of renting
Thank u
Is the 10th one correct?
2bhk home costs nothing less than 1.8 to 2 crore in good suburbs of Mumbai ....buying a house is a big challenge for a middle class family
Very Nice personal Finance video. One more very important point, focus on paying off debts as early as possible. I am 36, and became debt free last month only
Great suggestions. Couple of things to add :
i) Health Insurance - This is really important, as a health emergency can really dent into your savings. Don't rely on corporate health insurance (only) - get a personal health insurance for yourself and family (including parents if possible)
ii) Prepare a will - Just to make sure your dependents do not have to run around and get hassled in case of your untimely demise. In case of conflicts within the family, that is even more important.
Great points. Both of those.
Health insurance is a very big gamble in India. You may end up paying lakhs of rupees just to find out that insurer isn't ready to pay at the time of crisis.
🕉️🙏 Gurujii; aapke charnon ko kooti kooti pranaam.
Thanks for valuable suggestions that definitely grow up our life..
Thanks a lot Dr Bhat sir.....🙏
I really appreciate sir for sharing valuable information. definitely ill be following steps to get better with my finances.
For a common person. This looks very interesting but focus must be on priority
Thanks a lot Dr Bhat for this wonderful message.
Thanks a lot Sir
Reviewing the past which leads to success in next 10 years.
Thank you for education/Advice!
Fantastic, very much helpful points covered. I wish I could have got these points long back.
On the path to implement some of these.
Thank you very much Sir🙏😇
thanks a lot sir 🙏 😊
What a clear and concise video with no beating around the bush. Every facet of a guy in early 30s covered. Kudos Sir.
Equity is the only way to create the exponential wealth....... These financial planners never make anyone rich 😊
Very very practical and reality guidance. Thanks Sir for helping us
What an honest advice ..
not trying to sell “stuff” ..
Don't be deceived by a retirement age of 60 years. In the private sector it is 50 years or less. IT employees should think about retirement by 45. Beyond 45 years bonus. Plan accordingly.
Well said
Right
💯 agree.. inflation and high taxes add to the challenge
By 45 we wont have enough ctc bro. How can we retire so early?
@@sunmoon144 you can't retire if you think after 40 years. Someone need to plan ahead and execute it. It requires dedication and effort and planning. When someone between 30-35 years can plan. Learn upskill(Own domain and finance domain ) and improve your income, buy insurance, gold, invest in MF, Stocks and buy land. Spend 30-40% your income. Keep expenditure in check. There is no free lunch which phase of life you want to enjoy and priorities there is no free lunch.
1 Review of Last 10Yeare of life.
2 Savings is a must now.
3 Appoint a financial planner
4 Insurence.
5 Emergency Funds
6 Retirement Corpus.
7 Increase your income.
8 Second Income
9 Children Education planning.
10 Home buying.
Thank you!
Add time stamps for each point
Thank you ❤
This is a very elaborated way of planning.
Thank you so much sir.
10 point finacial advices:
1. see my video link in the description
2. See my another video
3. See my another video
...
10. See my another video😂😂😂
Anyway, thanks for all the good advices and the video links👍️
Rule No.1 keep your money near you even if the return is low.
Do NOT invest in real estate India. Very difficult to manage.
Crisp and clear! Very very informative Mr. Bhat sir!
Im 47 and still working. It depends on individual circumstances too. But yes, for me it was between 30-40. After 40, it becomes challenging due to midlife.
You are correct, i am learning financial planning myself and starting only flat fee financial planning next year. I am myself very secure so its only purpose is be a financial coach
No selling of mfs.thats conflict of interest.
My self kanagaraj Chellasamy from tamilnadu working in Qatar. You are made great points for earning as well as savings
Great to listen you sir we will use this 10 ka dam
Excellent video Sir...Thank you so much
Very helpful and practical framework.
Buy or rent a house is debatable & complicated subject as one important aspect is if u buy apart from rent ur property rates also increases
Your financial advises are very practical, useful. Thanks
❤
😊 😊
Thank you for the video, I really appreciate your advice and will try to implement possible aspects.
I think the number one topic should be "your health". Rest of the points should be followed after that.
That's for losers
I am keep watching your videos since 15 months
Very inspiring video for us... thanks for sharing such valuable information without charges.
Great content indeed. Thanx for sharing and putting it so beautifully
Sir,please create a Hindi show.
Great advice.. thank you so very much sir
Appreciate your advice... thanks
Thank you so much sir for the wonderful insights! Very very helpful sir ! 👍
Và A
Nothing glamourous but truth and facts stated very well. Start investing when you are in your early 30s , even if it is 5k per month . Invest in VPF even if it is 2-3 k more as you cannot withdraw it and later the power of compounding will increase your fund multifold
Very Informative !! Thanks Sir!!
But sir wat if the person struggled all the way and got married at 34
Due to COVID and other challenges if the person has lost job
Struggled all the way from the debt
How these kind of people can plan
Most of the people who are earning low salary , lost job, married at 35 and no future opportunities
Very informative video thank you so much sir 🙏🙏
Quality content video, Thank you sir
Beautiful message thanks sir
Loved the cricket analogy sir, a set batsman and not to throw the wicket with silly mistakes:)
Video starts from 01:50
Now we are in age bracket of 45 to 55 with some saving plans...will need video for next 20 years .
Though few points in this video are relevant and very useful👍
There is an exclusive video for age group 45 to 55 on this channel. Please watch and be guided
Great points. Thanks a lot sir
Thank you sir .
You are absolutely correct .. All the points are very relevant ..!!
Can you please provide the link on your emergency fund build video ? I could not find.
❤❤❤ Thanks very much
Very helpful sir
Am 35 and am going to plan accordingly
love the tips from nepal.
One word if a person have common-sense then he will do fine in life and career.
Very useful video sir,thanks a lot
Great suggestions sir.
thank you sir
Thank you sir. Every point is spot on. Banni Sirsi ge ondu awareness session madona.
Always welcome
Very Useful Sir 🙏
valuable advices
Very Very Important Information... Thank you...
Great help 🙏
Hello there. I went through your video. Infact many of these points lucky I have implied in life with the help of family.
The biggest challenge what I am facing here is, that I am a drop out from pre-college, did a few jobs for about 10 yrs. From last 3 n half years I am into stock market investment , a little bit of trading , Gold investments and a pinch into crypto(because of lack of clarity) amd some property rental incomes.
Being uneducated is such a huge barrier for me. 😢. Its not something I regret. But yeah making that second income(one of the points which you mentioned) looks entirely blank to me.
Hope u can give some sort of advice on this issue.
There are videos to guide you on this channel. We will soon release one another video on fixed income . Thank you for suggesting
@@NRIMoneyClinic Alright. Will look forward to it. Ty.
very well guidance sir, regards.
Saving, stock, cripto and ppf now I am 39+
Dear Sir, Your presentation was excellent. Thank you very much. I am in confuse whether I have to buy a plot or not. My doubt was cleared.
My Retirement Plan is as follows.
If your monthly expenses is 50000, then the yearly expenses would be 600000. So plan in such a way that you get 1800000 per year. 600000 for your expenses and 1200000 savings, which will take care of inflation.
Now even if you invest in bank FDs which gives 6 percent per annum, you will require 3.6 crores as retirement fund. Keep another 40 lakhs as cushioning.
So you would require 4 crores, which is a Fantastic amount.
If your monthly expenses are 25000 you require 2 crores.
If your monthly expenses are 40000, you would require around 2.5 to 3.0 crores.
So on and so forth.
It is very simple, don't break your head a lot.
Thanks for 1000 likes.😂😂❤❤
Very nice
@@NRIMoneyClinic Did not expect a reply from you. Thank you Bhat Sir
If some one package is 10 Laks and has 2 crore worth land in this case what do??
@@srinivaspullela1627 you should not look at your package. You need to look at your monthly expenses.
And land cannot be considered
if land making income for u then its worth
Hi am an NRI working in dubai. I have mutual fund sips and currently am sending the money from my dxb account to india for these sips. Am planning to divert my fd interests in nre account to meet my monthly sip payments instead of converting monthly aed to inr. I need your genuine opinion pls.
Great video, quality content
Really useful infornation. Wonderful
V.logical and good anlysis
What is tha % on amount 18:31 ? That we need to invest /saving of My incomes amount.? Awating your advices pls.
Great video! I'm so happy I made the best decisions by having a good investment, Recently I was able to acquire my third house even at my age and I believe if things keep going well I'll retire early.
That's nice but how did you manage to achieve all that with the current economy, I'm desperately looking for ways to clear my debts and also achieve my goals.
Will it be better to close the home loan early by depositing additional money in home loan account or invest this extra money in any other options such as MF, NPS, EPF etc?
Invest in mf
Nicely elaborated
Very good advice, thanks 🤗
Great video 🎉🎉… very well structured content
Really interested to know.
I'm planning to take help from financial advisors but many of my friends are saying that most FPs will suggest investment options to earn more commissions & mislead, I'm confused 🤔, someone pls suggest a reliable FP.
You should try Mr Bhaben ,The art of wealth building.
Very informative
Sir VERY NICE VIDEO...BUT HINDI ME EK VIDEO BANAO
Brilliant ❤
Very informative👍thank you!
Well said
Very good video sir.❤
Can NRIs have retirement plan in India? They work abroad.
Can you please make a video covering Tax on foreign income when NRI returning to India.
1. Many NRI’s have investment in US stocks and are not clear about tax implications on US capital gain after retuning to India.
2. Once we go back do we need to pay tax for every gain in US market? Or only when we remit the gain to India?
This is only for mega cities like mumbai and chennai and banglore ...rest of the people can buy home instead of renting
how much money u are making in a year and what are your investments
What is the purpose of asking this question ? How does it impact you ?
@@NRIMoneyClinic just a curiosity and your advising people so how much you have investment...
Please make detail video on dividend income stocks portfolio of 10 lakhs rupees investment.
English with a Kannada accent- very attractive.
Sir new ho 2000 sip kiss fund m karu 10 saal k leye risk kam ho
Artificial intelligence slowly penetrating deep inside our corporate life and it's not far away when layoffs will be on rise in next 5-10 yrs.
Everybody speaks on building second income. But how ? Where to get the guidance. I am myself struggling with career for last 3 yrs. Don't know whom to approach. More than financial guidance I think in this age we need more career guidance. People say work after office, but we hardly get time post office. Also these ages we are also asked to work on weekends. Creating a second income is the must. As we really lack on that.
I think it's having a business besides your job.