I Became Financially Free in 7 YEARS | PowerUp Money
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- Опубликовано: 27 июл 2024
- Join us in this inspiring episode as we chat with Lakshmi Narayan, a seasoned finance professional who discovered the concept of FIRE (Financial Independence, Retire Early) at the age of 50. | PowerUp by Uni
He achieved financial independence in just 7 years despite starting later in life, retiring at 57.
Lakshmi shares his journey from learning the basics to mastering investment techniques, proving it's never too late to start your financial independence journey.
Tune in for practical advice on investments that anyone can apply, whether you're a beginner or looking to enhance your existing portfolio.
👀 Watch the full video for more insights and inspiration.
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Timestamps
0:00 - Highlights
0:50 - Lakshmi’s journey
2:03 - How did he increase his wealth?
3:03 - Lakshmi’s retirement corpus
4:10 - How did Lakshmi profit in a market downturn?
5:00 - His portfolio allocation
5:22 - Government scheme to consider for investing
6:06 - Mutual funds allocation
6:34 - Lakshmi's strategy to figure out which scheme to invest
7:13 - What is Alpha?
7:30 - What is Beta?
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I’m 55 from Sri Lanka but worked overseas in USA all my life. After investing from my salary of 350k, I make 3% annually, which my friends say is very low. My employer 401k of $220K returns about 4%. What would you advice to do with my portfolio for improved returns?
I don.t really know your risk tolerance or asset allocation, sounds like just bad stock picking. Also unclear if you have an advisor providing value via financial planning or other decision making. But likely scenario is just bad stock picks. Index funds, Etfs and chill.
@@PickerellRight, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my portfolio has grown by 25% every quarter since Q3 2020.
@JIANHENLUG I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
I've stuck with the popularly ‘’Jennifer Leigh Hickman” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
thank you for putting this out, it has rekindled the fire to my goal... was able to spot Jennifer after inputting her full name on the web, she seems highly professional with over a decades of experience.
84 month in 1.5 lpa equal to 12600000. Now 8% on it comes to 84000 per month so he is home. No wizardry here just more disposable income to invest .. how many individuals have 1.5 lakh to invest over 1 lakh of monthly expense.... happy for him...
exactly. his is not a typical case, but still good life for him ahead
I recommend two types of SIP's
1st SIP is systematic investment plan, do it as soon as possible for as long as possible
2nd SIP is systematic improvement plan, means keep learning about finance 🎉
Well said...
Waah 👏🏻
what is systematic improvement plan ?
@@Purnao6151 it means keep learning about finance, it will make you to take right decision and let you to choose best place to park your money.
Learning finance also leads you to reduce risk factors and you will take calculated risk.
Thankyou ❤
People undermine Indian Economy, I'm 36 and just took retirement, I worked my a$$ off for 15 years, lived extremely frugal and now I achieved what people plan for 50s and 60s..
Awesome! Retirement is a blessing..
How much net worth did you make in 15 years?
Easier said than done ,he didn't have savings that is his lifestyle spend was almost as much he earned and he over night changed his lifestyle?
Bhai baat kuch hajam nahi hui, being finance background and also a CA he didn't save till age of 50 and after suddenly he starts when friend say and after 7 years build Corpus that he and his family can live till 100 years...what is this....
very high level interview without logic! its fine being a CA not aware of investments may be possible. He says 100 years both can survive on 7 years investment 150000 monthly. which comes about 2,23,45,223 at 15% returns. Any way not convincing for sure
It depends on their lifestyle
There is no details.. Very generic statement.. Not sure if there is any value for the viewers because if people say that they have achieved financial freedom in 5-7 yrs by investing in mutual funds, and not giving any details..
Trained in Finance but was clueless till 50 😂
This is main thing that disconnected me from his words
😂
😊
Probably trained wrong in finance
It isnpossible people good with business finances management while for personal fianance may takenhit
super fast super short yet very informative interview. Only part question could have added to this is the allocation in the 4 types of funds that he preferred.👌
I could grab all points..he was spot on.
They did not mention what is his retirement corpus ...even after investing 1.5 lacs monthly for 7 years you will not get more than 2.5 crs considering return of 18 percent which is rare
He is making shit up. Making claims in hindsight.
Definitely was waiting for this one. What a great episode! 👏🏼
Hope you enjoyed it!
They should have shown some data related to equity investments like how the money had grown over seven years.
Not a convincing interview… Looks like a makeup story
Absolutely!
He is a perfect man for perfect advice
Need more videos like this. Real experience of people achieved financial freedom....nive presentation and usefull info...thanks for your effort
Hope you enjoyed it!
so made up video
Without saving anything upto 50 and all of sudden he is able to invest 1.5 l pm. How did he took 1 cr term insurance . How did he invest in stock market and mutual funds. Is this a joke?
He might not have invested till 50. The corpus was probably in safe funds lime FD. But baffling thing is about govt schemes. He has a 1cr in that, something doesn't add up
He took term insurance by paying an amount monthly which is possible. He was earing 2.5L is what he said. From that he start doing sip in mutual funds and some amount in equity. During covid crash he must have invested more and got very high return in equity and mutual fund when market bounce back. It happened with many investor who invested during the time of covid.
This is very much possible......
Think logically, the maximum amount invested of which he was earning may yield such a return and how many of us earn such a good amount per month. The view of sreekumar is also correct. Right time right opportunity.... And then boom😊
And after seeing lots of podcasts, I think the time matters most but quantum of investment is also an essential ingredient. Investing Rs 1000 will not not be same as 1.5 or 2 lac per month, so one should focus on increasing his income through his skills Rather than starting low amount at early stage....
Term insurance is expense
Some media stunts...
The interview would have been more helpful to me as a budding investor had I got to know critical information such as how much the gentleman was able to build in his 7 years of investment horizon, what was his amount of SIP, and average growth rate (cagr) etc.
Hi Vishal,
We spoke to the guest, and he mentioned that he wants to keep his portfolio confidential. Regarding the CAGR, he said it was more than the average returns. He also mentioned that he was earning 2.5 lakh per month and was quite open about it. This can give you an idea of how much he would have invested per month.
The interview also reveals the amount of wealth he squandered, even being a finance professional 😂
It's unclear what his target retirement corpus was approximately. He mentioned earning ₹2.5 lakhs per month at age 50, with the ability to save ₹1.5 lakhs per month. This implies his personal monthly expenses were ₹1 lakh. By saving ₹1.5 lakhs per month for 7 years, he achieved his retirement corpus as per the FIRE terms (25X) equaling ₹3 crores (inflation not considered). Does this mean he invested ₹1.5 lakhs per month and achieved a 22% YoY return to reach the ₹3 crore corpus?
Nice points u have highlighted... Very foggy sort of declaration
Grand salute to C. A sir
In 2007
Rs 1.5 lakh investment was very high
Very very indeed
Traning in finance income 2.5 Lakhs per month and no savings, no investments till @ 50 ... Great 😂😅😂😅 please don't fool innocent people's for God Sake 🙏🙏🙏🙏
@powerup_money Statistics which is used in the video is Consistent Return , Standard Deviation , Alpha , Beta . Can we have one session on how to put this in excel sheet / pater and compare the funds .. ?
Thanks a lot for your feedback. We’ll take this into consideration.
Any guess what is Laxmi sir's FIRE amount?
It's really a wow same my story now I'm 66 no savings at all i earned a lot and spent a lot / every thing to ours
More than what he did after 50, would be food to know why he did not invest till 50, that might give some learning for people ti start early rather than start after 50. I pray that nobody follows his example and start after 50
thanks
What is he doing post retirement?
Osm advice
I am on same path sir
Unclear about his 7yrs investment period, he started 2006-07 plus 7yrs= 2014 and I don’t think mutual funds was giving 22 CAGR during that period. He invested 1.26 cr and made more than 3 times means 3.78cr.
He missed on passing imp info for our benifit like. Names of companies in equities as well as mutual funds
Full lies , he is financial advisor and did not invest till 50 no way it can be believed
He is a financial advisor now.. not when he was 50..😂😂😂
He has to be humble first. My earning was very high and I said my boss you are fired 😡
Take it easy bro, it's a tongue-in-cheek statement.
Whenever you make such videos or please come with the proof so that the viewers at least believe it to some extent. Everybody does this kind of podcasts but nobody I repeat nobody will share their portfolio and dates from when they actually invested and in what funds or stocks. I think this makes some sense…
1.5lpa for 7 years at 15% compound interest is 20,319,241. Is that the corpus he was going for? This would have been a lot more helpful with real numbers.
This is some kind of jokes or an interview?
This is like Sachin Tendulkar saying, I was well trained in cricket then started participating at international level at the age of 35 and hit 100 century at the age of 37 and retired.
How can a finance fellow didn't invest till the age of 50% ?
2.5 Lac per month ?? That is big big big amount, even if he is talking about 2017, Nifty 50 was at 9500-10,000 , while gold price was around 28000, today nifty has grown almost 2.7 times, and gold has tripled. Even a 1.5 lac of SIP in worst performing fund would have given him CAGR of 15 % in these 7 years. No big deal.
Plzz state Retirement Corpus
When he was explaining about Alpha Beta and Standard Deviation... There was learning which was when you cut him off and cutshort the video.... Let him explain that part
Reduced my blood pressure
Useless video without any details
Dividend investing is most effective when approached with a long-term perspective. While dividends can provide immediate income, the true power lies in the compounding effect over many years. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas.
impressive gains! how can I get your advlsor please, if you dont mind me asking? I could really use a help as of now
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
What a liar!! Senior citizen saving scheme of post office allows an individual to invest only upto 30 lakhs..if he does it for wife then it will become 60 lakhs not 1 cr.
Also some other govt schemes he told.
Hi Manoj,
Our guest mentioned that he invested 1 crore across all government schemes, not just in the Senior Citizen's Savings Scheme.
Why do u call people liar without even confirming. What a shameful attitude.
2.5 monthly salary , no savings. 😅
This is a totally misleading and falsehood information. I checked ICICI flexi cap, mid cap, HDFC flexi cap and mid cap funds performance from 01.4.2007 to 31.02.2014 (7 years period). If one had invested 1.50 lac per month for 7 years the accumulated corpus would be between Rs 1.75 cr to Rs.2 cr un a flexi cap fund and between Rs 1.80 Cr to Rs.2.25 cr in a mid cap fund. These 2 were the largest and best performing funds during that period. I can't see how one would be financially free with just a 7 year investment. All this time we have been educating people that one starts at age of 22-25 they will end up with a larger corpus for retirement than one starting investment at age 35 even with a higher SIP. I hope people don't spread such false videos for their personal gains, this can damage many people's lives.
Did not liked it..full of gassy talk..it should be serious people..who has really achieve step by step with moderate source of earning..we should bring that kind of people in the platform..max 1 to 1:5 lakh per month earning..it will relate many people
Fancy title with absolutely zero substance.. No info regarding the amount he invested monthly, the funds he chose was given.. Empty shell..
Hi Vivek,
Our guest shared his income, allowing you to estimate how much he might have invested, considering he mentioned investing aggressively. Regarding the fund, we avoid disclosing any specific names as per regulatory requirements, and we intend to strictly adhere to this policy.
Madam.. you should have asked the correct question and cross verify his answers..not just bla bla bla..he has not saved till age of 50 and suddenly he got 1.5 L for saving . Kuch jyada bakwas nui hai kya .. kya kiya abhi tak paise ka and he is finance background person..search nice and talented person for interview .. 20 %equity+ 80% MF . His own corpus is itself inough at 57. No need to invest in equity and MF..
We must not hear from him. ,..with such high package,he can retire within 45,with very less investment per month.
So choose speaker wisely and spare my time.
Money lost is never spoken....
Instead of late investing probably might have lost huge in 2008 crash...
5:22 ... Post office senior citizen scheme... maxi investment cap was Rs.15L, which increased to 30L in 2023.
1 cr., i have doubt
either this guy is real Fake or real lucky ..
2.5L per month. 30 L per year. For 20 years it will be 6 cr. Not deduct taxes, school education, monthly expenses and add it up with inflation 😂😂.. This interview is for fooling people😂 .. kuch bhi
This is for 7 yrs
Trained in finance but not invested till 50 ! Why u bringing jokers !😂
He started when bull market started 😂
जमीन बेचके पैसा आया होगा😂😂😂
Guys see this so called finance professional are high earning people. Till 50 no savings. Do you believe. They are here through paid promotion to tell their fake forged experience and make you people to follow them take their course and lose money . Don't go behind these dumbs.
Very generic statements
Isse ghatia story agar kisiko pata hai toh kripaya mera gyan badhayen.
What rubbish
He us educated plus financial advisors...
Don't give us bullshit talk
I'm sure he started investing long before
What bullshit
I’m smelling bullshit here
Half cooked bulshit story to cheat, waste of time
I will not subscribe to this channel ever. WORST INTERVIEW. NO DETAILS. ACHIEVED FIRE in 7 YEAR.
Kon baanaya isko CA ? Kuch be bolta hai 26 se 50 years tak konse planate pe tha ? Wo question toh pucha he nai
One doesnt qualify for term insurance at the age of 50+
Totally fake story
Most of these kind stories are cock and bull stories
Dont believe this guy😂