@WintWealthYT .. please explain the calculation of 26x and 35x in details. I mean is the figure that's coming is a FIRE number at 40 or a number which one must have at age of 60.
@@abhishekbera5157 it is calculated like this. First find your current monthly expenses and multiply it by 12 for getting 1 year expenses. Then you should have 35x networth as of now(you should reduce all your liabilities from it) which is nothing but 35 times of your yearly expenses to go for FIRE.
Ms Halan is the personal finance pioneer in Indian journalism. I'm gratetful for her early columns in Outlook Money and other publications. Thank you for your wise words, Ma'am.
Finfluencers need to see this 5:02, we save from 21 lil by lil, get married and all our savings are wiped out get into lil bit of debt 5 years down the line we get kids and save for house and so on.. so saving is very tough, very easy to say save 40 percent of your saving, but Indians here working from ground up , with no family wealth, supporting parents , living in cities with a chunk of money taken by taxes , its a marathon for us.
No one is denying that its tough, but the problem is that people don't start at all by giving this very excuse and end up increasing their expenses. Even if one is not able to put aside 40% from the very onset, atleast starting with a small amount and keeping at it helps inculcate the habit. I myself only reached 30% I think by the time I was close to 30, having started in my early 20s with just 5000 a month. Also, regarding all the savings being used, its important to bucketize the investments so that one knows which is the bucket one can dip into in times of need or to fulfil a goal. Investing without goals in mind is never gonna help.
Thanks Monika!!! One of the best decision of my life was to pick your book from a thela in New Delhi Railway station just when I was going to join my first job right out of Campus. You saved me multiple future regrets. I always read you book like an elder sister telling me what to do and what not to do. Truly indebted to you!!
You are right sir, but the thing is they'll be more pissed once they retire early in their 50s as they won't have anything to do. When one achieves financial independence, they can keep their job but at the same time be stress free, as if they don't like their job they can quit or do something else, but doing nothing once you have financial issues taken care of feels dumb.
1. Health - be happy and healthy- health insurance 2. Relationships - move out for tours trips 3. Good gratitude towards Society 4. Earnings - money , credibility Save 5k to 15k for month … according to goals for 20 to 30 years 1 . Fire -5k. Plan Corpus of 50 lakh to 2cr 2. House - 5k 3 . Child education 5k 4 . Vacation or trips - 5k - enjoy vacation for every 3years Life is beautiful… enjoy every moment of life … Duck of Fire concept
@@EVikasamapp5k every month for 30 years@7% rate of compounding is 56 lakhs and after 30 years u cannot even buy a car, forget buying a house. So better start earning more or welcome to beggers class !
Monika's Lets talk money is a very good book. I've even suggested to many. I strongly recommend to every citizen in this country. Its just enough to have good financial literacy.
It's more crucial than ever to have a firm grasp on money management, and navigating economic downturns in these unpredictable times. My main worry is how to increase my $240k reserve,I understand the long-term strategy, but my savings are being eaten up by inflation, and my portfolio is losing value every day. I need to find a solution.
You must establish your own procedure, control risk, and adhere to the plan through thick and thin while also financial advisors have a lot more knowledge and expertise in this area and getting better because nobody knows anything.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
Melissa Terri Swayne has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for putting this out, it has rekindled the fire to my goal... was able to spot Melissa Terri Swayneafter inputting her full name on the web, she seems highly professional with over a decades of experience.
Lovely to see a financial advisor emphasising understanding the meaning of life and enjoying your twenties and thirties instead of always looking at opportunity costs
I was viewing her programs on TV and adjusted my retirement benefits insurance ,employment ppf etc slowly and steadily for last 15 years. At present I have. 3.4 Cr with 40% debt and 60% equity. PPF Self and spouse 50 laks which tax free .My spouse FD 35 lacks and rentel income and pension monthly separate. Madum motivated me to restructuring my retirement corps to Mutual fund from 2009 onwards. 🙏🙏❤❤❤
A Fed rate cut typically lowers borrowing costs, which can boost the stock market. For new investors, it may create opportunities but also volatility-so, balance risk with research and caution, which is why it is important to start with a professional's guidance
I’ve been focusing on a diversified approach to boost my portfolio. Right now, I’ve allocated around 40% to equities, 30% to crypto, 20% to real estate, and 10% to bonds. The key to my growth (545%+ this year) is the CPF (Core-Peripheral Framework) I follow-balancing core long-term assets with peripheral high-risk, high-reward plays. It's all about having a strong foundation while making calculated, bold moves when opportunities arise.
One of the most important concepts in FIRE - the SWR or Safe Withdrawal Rate - was not even discussed during the meeting. Generally, a SWR of 4% is advocated but in the Indian concept, 3% is considered a safe number. Would have loved discussions around this.
Every minute was informative and thought provoking. Mrs Monika clearly showed how a true financial advisor is different from Finfluencers. Kudos to Wint once again.
Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an expert to help in diversifying your portfolio to spread out the risk.
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
And with the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and plan strategies accordingly.
Agreed, it's why I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
You need to get a financial planner or expert on investments to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@ThamaraSchlossarek That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@ThamaraSchlossarek The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
I have been investing into VPF (voluntary PF) for almost 24 years. I started with a 5% of my basic increase to PF and then with each increment adding 40-50% of raised Basic salary added to it. So if my basic increased by 8% which may be 8000/- …I will increase my VPF by 2000/- or higher. VPF in my previous organisation was max 100% of your current deduction I.e 12% however my presentation company allows upto 88% of Basic. Good point about VPF is that it adds upto your PF, which is tough to withdraw. % given is good, now a part of VPF interest is taxable but still benefit overpay and the law of compounding is excellent as the corpus increases. Finally the money is secure with no risks.
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.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough 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.
“Rebecca Nassar Dunne”’ 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.
Thanks for sharing. I searched for her full name, found her website immediately, reviewed her credentials, and did my due diligence before reaching out to her.
Great insights Monika Halan ma'am! I am in my early 40s and I am trying to teach personal finance to my kids. Very true like you said, its no less than a life skill these days.
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
Me and my wife, we are in our early 30's already documenting our investment details in diary and updating in regular intervals and always planning oru investments together 😊.
I’m 48 and just started my portfolio with around $180K. Slowly trying to create significant passive income and manage my Stock Portfolio. how do I invest to deal with markets ups & downs
What an insightful conversation! ❤. We must share this video to all our female friends for its sheer brilliance in conveying such a simple yet powerful message as far as financial literacy is concerned. It is high time for all us to be in charge of our money and educate and update ourselves with the changing times. Simply outstanding and what a personality ,Ma’am 🙏🏻you are someone who we - young women look up to .Thank you for your lessons .
If Your wife does not have any financial knowledge here is a quick thing you can do to make her habituated with personal finance: Have her invest in any investment scheme she wants for a small amount say 5%-10% of whatever she is earning. and invest the same amount in any index fund/ETF and track it for 1 year. If her investments beat the index return, that will give her joy and confidence and she will be more interested now. if not, she will be even more interested in finance because it's her money that did not grow as expected. I did that with my wife. and in 3 years(after 1 year) her portfolio grew by 65%.
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
Benevolence, this reference seems valid.. Just inputted her full name on my browser and found her site without sweat, 13 years of experience is certainly striking! very much appreciate it
Excellent insights from Monika. Her knowledge and skills in articulating this vast knowledge into common sense advocacy is exemplary. A note to the interviewer: your questions are comprehensive, but you are not really building on the answers that Monika gave. In many instances, there was probably a treasure trove to be unearthed if only you had built on the answers that Monika gave. Something for you to consider
My favourite financial educator and one of very few people I genuinely follow for personal finance.. Her books are outstandingly good and simple to understand.. thanks for this episode!
Thank you so much for this excellent financial insights. Monika ji is brilliant and one can just listen to her non stop. please more on women investments and financial literacy. Specially for men and women who have worked entire life and could'nt save due to responsibilities and now with no savings. how to start saving with a small income in 50s . Thank you mam it was lovely listening to you .
Thank you Team Wint! Most of your videos are targeted to people in their 20s who are just starting out! Would love to see more videos on what 40 year old should do when it come to Investments! Thank you.
It is a foolish point. Annuities give guranteed income that you cannot lose. Annuties also give you a gurantee that no one will steal your money. Having too much cash means that people will ask for their share of inheritence or even kill you for your money. There are a lot of benefits on annuities.
@@ppen8359 I think she was more pointing to the companies that are managing your annuities and not annuities as an investment. The insurance companies, lesser said the better. Most of us know that insurance companies have no business to be in the investment business because it is not in the best interest of the investor. I can trust them on my insurance, not investment.
@@rmds-be3zp It is well worth it because that cash cannot be stolen. People get mentally inadequate during old age and if they are sitting on huge pile of cash then someone will steal it leaving them nothing to live on. Annuities are well worth it. Indian retirement occurs way early around 60. The lifespans are increasing and one should plan 30 years for post retirement life.
I’m 55 from southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
I think of it this way - merely putting $1m into a CD at 5%, you're making $50K per year. If you can swing that for the next 10 years, go for it. But then again, if you have to pay taxes on this $1 million, you should consider working for another 5 years
Depends on where you retire. If you chose to retire in India or use India as your hub, you are in the top 1%. Have a personal driver, travel comfortably, get access to cheap but excellent healthcare. You can live on earnings from 20% of your savings as well as social security benefits and invest remaining in Equities in US or India. Only thing is first come and live here for three months and see whether India is your cup of tea. Do not choose a tier1 city instead select cities like Kochi, Goa, Rishikesh, Varkala etc which are provincial but has quite a laid back culture but with access to good facilities. Other countries you can look for are countries like Philippines, Thailand, Vietnam [which is another great location], SriLanka etc. Or just hop from country to country in South east Asia.
A thought provoking and educational interview. It is so important for us to develop a healthy relationship with money. It’s not a thing to hate. It’s not a thing to love either. It’s merely one of the pillars of your life. You know it forms a significant part of your foundation. Once you’ve established a healthy relationship with money, then focus on the other pillars. Family and friends, education and health. You need all of these for your money to be useful. Money is meant to be spent, and meant to be saved. What you spend and what you save decides what your life will be like.
It was such a delightful interview with ample amount of information & knowledge for financial planning. The whole interview was such a treat to listen to so well conducted 💐 Best Wishes to the Team
Thank you madam for the clarity in your thoughts. I have read dozen of books relating to personal finance in the recent months..kept them on the table and wanted my 22 year old daughter pick one out! She picked 'let's talk money'❤
Ma'am,you are absolutely correct about your concerns with the compulsory buying of an annuity with the 40% of an employee's NPS corpus at the time of retirement.Its a very valid concern since pvt insurance companies in India haven't been completely honest or transparent with their AUM.
This video should get a million views and more. May be it will take time for our people to appreciate good content, but wishing good to the creator. Pls keep up the calm tone of discussion, mild environment/ background, no flashy/ scary clickbait thumbnails & titles. You are doing very well. 🎉
Thank you for this video ! As a female personal finance enthusiast I just wanted to say I loved this video, she is so brilliant and more often than not we are just following male finfluencers. I just wish this video was titled better 😅
I too read that one and gave the 📚 book to my niece to start awareness and save money at the beginning of her career. Now plan to buy her second 📚 book to read and implement.
Very informative interview I am 63 and govt retd, wish I had known these things when I started working at 24 years. Well, now I can advice my son's better on these matters
Thank you @WintWealth. You guys have taken the channel to another level with the last three podcasts with the guests that you interview. Keep up the good work.
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
00:01 Starting a journey in personal finance with Public Provident Fund 02:11 Evolution of personal finance 04:32 Late 20s to mid-30s is a time of great expenses and limited ability to save for retirement 06:36 Plan your retirement by estimating future spending using inflation calculations 08:50 Traditional instruments like NPS and PPF form the core of long-term investment portfolio. 11:16 Encouraging women's financial empowerment and participation 13:22 Women need to take charge of managing their money 15:36 Teach children about financial impact of their choices 17:41 Document your financial life to create a roadmap for your family. 19:42 Earn and spend money with dignity and in a manner that helps you and others. Crafted by Merlin AI.
Why? Here I am at 58, wondering if I should work till 65. I really don't know why I would stop working, though I have made enough money to last till my grand children's life (as long as both my kids have not more than 2 kids each)... If I stopped working, I feel I'll start rusting. Work is something that gives meaning to my existence (more than money)... Being employable is about staying relevant. if you aren't relevant - you are out. Unlike in Govt, where even irrelevant people are tolerated, private sector can't afford irrelevant people. So, keep your skill up to date - or find something else you can do. As someone who started in computer industry way back in 1980s, I have kept up with the tech trends, earned my management chops along the way, today part of C-Suite... If you are not able to put your years to good use - then indeed you will be forced to retire earlier.
I felt the same especially for fast changing industries like Infotech. I've seen a lot of personnel being laid off for various reasons and when it comes to people in 40s & 50s, there aren't as many positions which map to one's profile and pay as much. This is where she rightly emphasized about skillset, basically one should be seen as a capable leader giving a good overall return for the higher salary.
@@neokarma5736it's not just about skill my dear. There is nothing so exclusive that you can bring in a huge HR world like India. So it's more to do about age/package/industry/wave etc. if a layoff comes, you are one of highest paid on the floor. Count on it they will get rid of you. Your time was different coz MNC would fire US/UK/EU staff to save...bt now Indians have started feeling heat coz no more ppl left to fire onshore. I don't see a single 50 yo in my whole company. It's 500+ staff MNC ofc and same is mostly everywhere.
@@007_Sun_Tzu If by your 50s you are not having the skills to be in a executive position, where you decide the direction the company will take, then you are right - you may lose your job. If you have such skills in such critical positions - then only reason you will lose the job is because company itself collapses. Otherwise if company keeps running, you will be needed to run it.. Most people don't get to such positions , because top of the pyramid is very narrow and the skills needed to be there aren't hard skills - it is soft skills of managing large teams or markets.. If you have such skill in a steady state company, you won't lose your job till you decide to leave.
Totally agreed on the NPS part, I was watching videos where people recommended NPS by just showing the number, without showing the actual current value of it. I did my own research and end up having the same conclusion as she said in the video
Monika insights on financial independence and the importance of documenting one's financial life are invaluable! Empowering women to take control of their finances is crucial for long-term security and success. 📚💡
This channel posts great content about financial literacy. But if I could make 1 suggestion, that would be to bring out more women on this platform. People underestimate the prowess women have especially when it comes to money and being one myself, I want to get more insights from women Rockstars.
Very informative and helpful video. It's refreshing to see a Woman taking the lead in the household to manage expenses. I would admit to my ignorance about who Ms. Halan was before watching this video, but a man learns new things everyday :)
I'm a 52yrs Director in a Tech company and I consider myself a high income earner at $350,000 per annum, I have a retirement account account but i still want to explore opportunities for short term gains before i start working less in few years.
Hello Wint Wealth, I am grateful for the content that you put on this channel. It's very helpful, but I do have few suggestions. Many of the followers of this page, would probably know these things already (judging by the comments, on this and other videos). We may not follow these practices but we are on our way, my suggestion is try to reach to those women who Ms. Halan is referring to in this video who are either completely unaware about this topic or have heard about it but curious. In my opinion language could be a barrier, the people you bring on the show are smart, highly educated and well connected which many believe are the pre-requisite to financial freedom. With the risk of being cliché you may be following the India 1, 2, 3 story here. I think you are catering to the Indian 1, who has money to invest and is actually your client so makes sense but there's tremendous wealth with India 2 and India 3. If educate them then it will not just be a service to society and to the nation but will be beneficial commercially as well in long term. Anyways, thanks for these interviews, I have learnt a lot. Cheers!
I agree totally. Great husband. Wish they take her daughter for an interview. Curious to know how a smart mother influenced her personality in terms of financial literacy
Constructive criticism: In the animations, I feel typos can be very offputting. At 1:58 "compounded" is spelled incorrectly, and then interest is put in another row which really doesn't make sense.
One Angle I think about the 40% annuity is that it will go away anyway as Tax if you don't take the special tax benefits of the NPS but I only allocate that much to it. I am happy that 40% blocked money will have my or my heirs name written on it rather than surrendering it today to Tax Man 😊
Great, Monika ji, you have given so many minute details touching all the important points one should take care to be financially independent. Also, the record keeping book was awesome. I always worried about that. I shall make a spiral book, too. Thanks, Shijith Purushotaman
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@WintWealthYT .. please explain the calculation of 26x and 35x in details. I mean is the figure that's coming is a FIRE number at 40 or a number which one must have at age of 60.
@@abhishekbera5157 Whenever you achieve this number, You are financially independent. The earlier you achieve, the Earlier you Retire.
unsure...no feedbacks or updates..may be hidden agenda ?
What about the Alimony and very high monthly maintenance -- divorce is bad for men.....
@@abhishekbera5157 it is calculated like this. First find your current monthly expenses and multiply it by 12 for getting 1 year expenses. Then you should have 35x networth as of now(you should reduce all your liabilities from it) which is nothing but 35 times of your yearly expenses to go for FIRE.
Ms Halan is the personal finance pioneer in Indian journalism. I'm gratetful for her early columns in Outlook Money and other publications. Thank you for your wise words, Ma'am.
Same here. Used to be regular with olm for long time
Finfluencers need to see this 5:02, we save from 21 lil by lil, get married and all our savings are wiped out get into lil bit of debt 5 years down the line we get kids and save for house and so on.. so saving is very tough, very easy to say save 40 percent of your saving, but Indians here working from ground up , with no family wealth, supporting parents , living in cities with a chunk of money taken by taxes , its a marathon for us.
No one is denying that its tough, but the problem is that people don't start at all by giving this very excuse and end up increasing their expenses. Even if one is not able to put aside 40% from the very onset, atleast starting with a small amount and keeping at it helps inculcate the habit. I myself only reached 30% I think by the time I was close to 30, having started in my early 20s with just 5000 a month. Also, regarding all the savings being used, its important to bucketize the investments so that one knows which is the bucket one can dip into in times of need or to fulfil a goal. Investing without goals in mind is never gonna help.
I completely agree with you. However we can attempt to save & create side income to get out of the middleclass trap
You are very wrong, this comes from a 24 year old @gjw1wj721
In retrospect I could have saved a lot more - I flipped 4 cars and 2 houses, but anyway sanity dawned on me not much later.
@gjw1wj721 abey chutiye with 30 % tax how can you save 50% of your salary unles your parent made home in city where you work
Thanks Monika!!!
One of the best decision of my life was to pick your book from a thela in New Delhi Railway station just when I was going to join my first job right out of Campus. You saved me multiple future regrets. I always read you book like an elder sister telling me what to do and what not to do.
Truly indebted to you!!
Can u please tell me the name of the book.
@@ARTYIDEASWITHPREETI Let’s Talk Money -Monika Halan
@@hilly_billy9531 Thanks
huge numbers of people want to get retire early which proves they are pissed off with their job roles.
Specially IT jobs 😢
Plus insecurity of jobs - these guys say you will have lots of salary but we are not sure. Not all junior people will go to VP or director
What kind of comment is this? Complete Nincompoop
You are right sir, but the thing is they'll be more pissed once they retire early in their 50s as they won't have anything to do.
When one achieves financial independence, they can keep their job but at the same time be stress free, as if they don't like their job they can quit or do something else, but doing nothing once you have financial issues taken care of feels dumb.
That's not true it gives them power to choose
1. Health - be happy and healthy- health insurance
2. Relationships - move out for tours trips
3. Good gratitude towards Society
4. Earnings - money , credibility
Save 5k to 15k for month … according to goals for 20 to 30 years
1 . Fire -5k. Plan Corpus of 50 lakh to 2cr
2. House - 5k
3 . Child education 5k
4 . Vacation or trips - 5k - enjoy vacation for every 3years
Life is beautiful… enjoy every moment of life … Duck of Fire concept
Excellent
Bhai kaun sa house aata hai 5k main? Pg bhi nhi aata in 5k
Save for 20 to 30 years and then buy .. do not follow any one .. please check your affordability it’s depended upon every individuals
@@EVikasamapp5k every month for 30 years@7% rate of compounding is 56 lakhs and after 30 years u cannot even buy a car, forget buying a house. So better start earning more or welcome to beggers class !
Monika's Lets talk money is a very good book. I've even suggested to many. I strongly recommend to every citizen in this country. Its just enough to have good financial literacy.
It's more crucial than ever to have a firm grasp on money management, and navigating economic downturns in these unpredictable times. My main worry is how to increase my $240k reserve,I understand the long-term strategy, but my savings are being eaten up by inflation, and my portfolio is losing value every day. I need to find a solution.
You must establish your own procedure, control risk, and adhere to the plan through thick and thin while also financial advisors have a lot more knowledge and expertise in this area and getting better because nobody knows anything.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
Melissa Terri Swayne has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for putting this out, it has rekindled the fire to my goal... was able to spot Melissa Terri Swayneafter inputting her full name on the web, she seems highly professional with over a decades of experience.
Lovely to see a financial advisor emphasising understanding the meaning of life and enjoying your twenties and thirties instead of always looking at opportunity costs
So true!
Yes, and then when she said age 40 milestone is corpus size of 3x of your annual income, got me tensed again
I was viewing her programs on TV and adjusted my retirement benefits insurance ,employment ppf etc slowly and steadily for last 15 years. At present I have. 3.4 Cr with 40% debt and 60% equity. PPF Self and spouse 50 laks which tax free .My spouse FD 35 lacks and rentel income and pension monthly separate. Madum motivated me to restructuring my retirement corps to Mutual fund from 2009 onwards. 🙏🙏❤❤❤
I'm a noob and really want to dive deeper in the world of investing, what is the implication of the Fed's rate cut for new investors?
A Fed rate cut typically lowers borrowing costs, which can boost the stock market. For new investors, it may create opportunities but also volatility-so, balance risk with research and caution, which is why it is important to start with a professional's guidance
I’ve been focusing on a diversified approach to boost my portfolio. Right now, I’ve allocated around 40% to equities, 30% to crypto, 20% to real estate, and 10% to bonds. The key to my growth (545%+ this year) is the CPF (Core-Peripheral Framework) I follow-balancing core long-term assets with peripheral high-risk, high-reward plays. It's all about having a strong foundation while making calculated, bold moves when opportunities arise.
I'm intrigued by this. I've searched for a cpf online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Kristin Amy Rose is the Texas-based CFA I work with. Just search the name. You’d find necessary details to work with to set up an appointment.
Searched the web and saw her profile and accreditations, someone with great experience I must say, thanks!
One of the most important concepts in FIRE - the SWR or Safe Withdrawal Rate - was not even discussed during the meeting. Generally, a SWR of 4% is advocated but in the Indian concept, 3% is considered a safe number. Would have loved discussions around this.
It was discussed. They said you should have 26 times your spending which is 4% withdrawal. Even suggested 35 times which equates to 3% withdrawal
Every minute was informative and thought provoking. Mrs Monika clearly showed how a true financial advisor is different from Finfluencers. Kudos to Wint once again.
That seems less important than actually planning for retirement
Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an expert to help in diversifying your portfolio to spread out the risk.
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
And with the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and plan strategies accordingly.
Agreed, it's why I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
You need to get a financial planner or expert on investments to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@ThamaraSchlossarek That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@BinuDauti My advisor is *MARGARET MOLLI ALVEY*
You can look her up online
@@ThamaraSchlossarek The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
I have been investing into VPF (voluntary PF) for almost 24 years. I started with a 5% of my basic increase to PF and then with each increment adding 40-50% of raised Basic salary added to it. So if my basic increased by 8% which may be 8000/- …I will increase my VPF by 2000/- or higher. VPF in my previous organisation was max 100% of your current deduction I.e 12% however my presentation company allows upto 88% of Basic.
Good point about VPF is that it adds upto your PF, which is tough to withdraw. % given is good, now a part of VPF interest is taxable but still benefit overpay and the law of compounding is excellent as the corpus increases. Finally the money is secure with no risks.
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.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough 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?
“Rebecca Nassar Dunne”’ 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.
Thanks for sharing. I searched for her full name, found her website immediately, reviewed her credentials, and did my due diligence before reaching out to her.
Great insights Monika Halan ma'am!
I am in my early 40s and I am trying to teach personal finance to my kids.
Very true like you said, its no less than a life skill these days.
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
pls how can I reach this expert, I need someone to help me manage my portfolio
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Me and my wife, we are in our early 30's already documenting our investment details in diary and updating in regular intervals and always planning oru investments together 😊.
I’m 48 and just started my portfolio with around $180K. Slowly trying to create significant passive income and manage my Stock Portfolio. how do I invest to deal with markets ups & downs
It's wise to seek expert assistance when beginning your financial portfolio. market is volatile, so professional guidance is so important..
Hey friend, How can I work with your Fiduciary?
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Do work on your portfolio. It should consists of large cap small mid cap companies mixture.
$18 lakhs portfolio..? u r already financially free
What an insightful conversation! ❤. We must share this video to all our female friends for its sheer brilliance in conveying such a simple yet powerful message as far as financial literacy is concerned. It is high time for all us to be in charge of our money and educate and update ourselves with the changing times. Simply outstanding and what a personality ,Ma’am 🙏🏻you are someone who we - young women look up to .Thank you for your lessons .
If Your wife does not have any financial knowledge here is a quick thing you can do to make her habituated with personal finance: Have her invest in any investment scheme she wants for a small amount say 5%-10% of whatever she is earning. and invest the same amount in any index fund/ETF and track it for 1 year. If her investments beat the index return, that will give her joy and confidence and she will be more interested now. if not, she will be even more interested in finance because it's her money that did not grow as expected. I did that with my wife. and in 3 years(after 1 year) her portfolio grew by 65%.
I know this lady since 2014. Monica's input is really great.
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
She's known as “Rebecca Nassar Dunne”. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Benevolence, this reference seems valid.. Just inputted her full name on my browser and found her site without sweat, 13 years of experience is certainly striking! very much appreciate it
Excellent insights from Monika. Her knowledge and skills in articulating this vast knowledge into common sense advocacy is exemplary.
A note to the interviewer: your questions are comprehensive, but you are not really building on the answers that Monika gave. In many instances, there was probably a treasure trove to be unearthed if only you had built on the answers that Monika gave. Something for you to consider
My favourite financial educator and one of very few people I genuinely follow for personal finance.. Her books are outstandingly good and simple to understand.. thanks for this episode!
Thank you so much for this excellent financial insights. Monika ji is brilliant and one can just listen to her non stop. please more on women investments and financial literacy.
Specially for men and women who have worked entire life and could'nt save due to responsibilities and now with no savings. how to start saving with a small income in 50s .
Thank you mam it was lovely listening to you .
Thank you Team Wint! Most of your videos are targeted to people in their 20s who are just starting out! Would love to see more videos on what 40 year old should do when it come to Investments! Thank you.
This was a lucid interview with a lot of clarity, kudos to Nishant and team!
Thanks for bringing up this interview with Monika Halan. It is worth watching.
Great point raised on 40% Annuity in NPS
It is a foolish point. Annuities give guranteed income that you cannot lose. Annuties also give you a gurantee that no one will steal your money. Having too much cash means that people will ask for their share of inheritence or even kill you for your money. There are a lot of benefits on annuities.
@@ppen8359 I think she was more pointing to the companies that are managing your annuities and not annuities as an investment. The insurance companies, lesser said the better. Most of us know that insurance companies have no business to be in the investment business because it is not in the best interest of the investor. I can trust them on my insurance, not investment.
@@rmds-be3zp It is well worth it because that cash cannot be stolen. People get mentally inadequate during old age and if they are sitting on huge pile of cash then someone will steal it leaving them nothing to live on. Annuities are well worth it. Indian retirement occurs way early around 60. The lifespans are increasing and one should plan 30 years for post retirement life.
@@rmds-be3zp No I am not from Insurance industry. And anyone who recommends non-diversification and encourages risk is making a foolish point.
I’m 55 from southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
I think of it this way - merely putting $1m into a CD at 5%, you're making $50K per year. If you can swing that for the next 10 years, go for it. But then again, if you have to pay taxes on this $1 million, you should consider working for another 5 years
thankfully googled Karen Lynne Chess and was able to schedule a call session with her, she seems very professional with over two decades of experience
Invest at least 15 % of your total net worth in physical gold. It is the best hedge against inflation.
If you are going to retire in India and live by Indian standards YES !!!
Depends on where you retire. If you chose to retire in India or use India as your hub, you are in the top 1%. Have a personal driver, travel comfortably, get access to cheap but excellent healthcare. You can live on earnings from 20% of your savings as well as social security benefits and invest remaining in Equities in US or India. Only thing is first come and live here for three months and see whether India is your cup of tea. Do not choose a tier1 city instead select cities like Kochi, Goa, Rishikesh, Varkala etc which are provincial but has quite a laid back culture but with access to good facilities. Other countries you can look for are countries like Philippines, Thailand, Vietnam [which is another great location], SriLanka etc. Or just hop from country to country in South east Asia.
A thought provoking and educational interview.
It is so important for us to develop a healthy relationship with money.
It’s not a thing to hate. It’s not a thing to love either. It’s merely one of the pillars of your life. You know it forms a significant part of your foundation.
Once you’ve established a healthy relationship with money, then focus on the other pillars. Family and friends, education and health. You need all of these for your money to be useful. Money is meant to be spent, and meant to be saved. What you spend and what you save decides what your life will be like.
Thought provoking discussion, The ultimate diary was a great value addition ❤
It was such a delightful interview with ample amount of information & knowledge for financial planning. The whole interview was such a treat to listen to so well conducted 💐 Best Wishes to the Team
Thank you madam for the clarity in your thoughts. I have read dozen of books relating to personal finance in the recent months..kept them on the table and wanted my 22 year old daughter pick one out! She picked 'let's talk money'❤
Oh ho ha ha hi hi.
Ma'am,you are absolutely correct about your concerns with the compulsory buying of an annuity with the 40% of an employee's NPS corpus at the time of retirement.Its a very valid concern since pvt insurance companies in India haven't been completely honest or transparent with their AUM.
This video should get a million views and more. May be it will take time for our people to appreciate good content, but wishing good to the creator.
Pls keep up the calm tone of discussion, mild environment/ background, no flashy/ scary clickbait thumbnails & titles. You are doing very well. 🎉
She is intelligent, eloquent, humble and hot - all at the same time ! kudos to this lady !
Eloquent matlab?😢
one of the best podcasts on personal finance.. thank you very much ❤
Very insightful conversation. The way she answered each question was commendable!
They interviewed my inspiration Monika Halan. Wow. Great job, wint wealth 🎉
Short,crisp...great interview and importantly the interviewer....most interviewers interrupt the speaker like Beer biceps especially...this is good
Yes interviewer is really good
Thank you for this video ! As a female personal finance enthusiast I just wanted to say I loved this video, she is so brilliant and more often than not we are just following male finfluencers. I just wish this video was titled better 😅
Monika Halan Ma'am, I read your book let's talk Money. An eye opener. ❤
Read the second book as well. Let's talk Mutual Funds.
I too read that one and gave the 📚 book to my niece to start awareness and save money at the beginning of her career.
Now plan to buy her second 📚 book to read and implement.
Excellent analysis. Thanks a lot for your wonderful message.🎉
Retirement planning is essential. Did you know that in certain regions, you need over a million dollars to retire comfortably?
Indeed, it's quite a sum. I've been retired for three years now, and I'm only 46.
@@EricaWaters-lr6zw Nice...even bots retire now😂😂😂😂
Very informative interview
I am 63 and govt retd, wish I had known these things when I started working at 24 years.
Well, now I can advice my son's better on these matters
Thank you @WintWealth. You guys have taken the channel to another level with the last three podcasts with the guests that you interview. Keep up the good work.
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
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.
@@Laura-oo7gr I see. Does she have three bottoms ?
Bot commenting bot commenting bot
00:01 Starting a journey in personal finance with Public Provident Fund
02:11 Evolution of personal finance
04:32 Late 20s to mid-30s is a time of great expenses and limited ability to save for retirement
06:36 Plan your retirement by estimating future spending using inflation calculations
08:50 Traditional instruments like NPS and PPF form the core of long-term investment portfolio.
11:16 Encouraging women's financial empowerment and participation
13:22 Women need to take charge of managing their money
15:36 Teach children about financial impact of their choices
17:41 Document your financial life to create a roadmap for your family.
19:42 Earn and spend money with dignity and in a manner that helps you and others.
Crafted by Merlin AI.
I started investing in MF from 2008. Now achieved corpus of Rs 4.87 Cr in equity and 3.91 Cr in debt. Thanks mam for guiding me.
A very sensible, honest and practical talk I have seen in a long time ❤
Great interaction....Mams words are like reading a well written financial management book....The questions were apt as well..Thanks
Its Chickermane sir who I am a big fan of. He is a very supportive and good husband.
It is very difficult to be employed until the age of 60 these days in private sector hence the formula of 4X, 5X and 6X at 60 is not valid anymore
Why? Here I am at 58, wondering if I should work till 65. I really don't know why I would stop working, though I have made enough money to last till my grand children's life (as long as both my kids have not more than 2 kids each)...
If I stopped working, I feel I'll start rusting. Work is something that gives meaning to my existence (more than money)...
Being employable is about staying relevant. if you aren't relevant - you are out. Unlike in Govt, where even irrelevant people are tolerated, private sector can't afford irrelevant people. So, keep your skill up to date - or find something else you can do.
As someone who started in computer industry way back in 1980s, I have kept up with the tech trends, earned my management chops along the way, today part of C-Suite... If you are not able to put your years to good use - then indeed you will be forced to retire earlier.
Y is it difficult?
I felt the same especially for fast changing industries like Infotech. I've seen a lot of personnel being laid off for various reasons and when it comes to people in 40s & 50s, there aren't as many positions which map to one's profile and pay as much. This is where she rightly emphasized about skillset, basically one should be seen as a capable leader giving a good overall return for the higher salary.
@@neokarma5736it's not just about skill my dear. There is nothing so exclusive that you can bring in a huge HR world like India. So it's more to do about age/package/industry/wave etc. if a layoff comes, you are one of highest paid on the floor. Count on it they will get rid of you. Your time was different coz MNC would fire US/UK/EU staff to save...bt now Indians have started feeling heat coz no more ppl left to fire onshore. I don't see a single 50 yo in my whole company. It's 500+ staff MNC ofc and same is mostly everywhere.
@@007_Sun_Tzu If by your 50s you are not having the skills to be in a executive position, where you decide the direction the company will take, then you are right - you may lose your job.
If you have such skills in such critical positions - then only reason you will lose the job is because company itself collapses. Otherwise if company keeps running, you will be needed to run it..
Most people don't get to such positions , because top of the pyramid is very narrow and the skills needed to be there aren't hard skills - it is soft skills of managing large teams or markets..
If you have such skill in a steady state company, you won't lose your job till you decide to leave.
Really great insights from Ms Halan, I do maintain a detailed financial diary so that family has all the info of something wrong happens :).
The best and top rated video of WW WintWealth
Great Interview
Monica Halan... From MAKE A WILL FOUNDATION
Monika mam is really a pleasant personality. Loved the talk, thank you Nishant.
Always a pleasure to listen to Monica Halan mam.
Liked listening wise, short & crisp, to the point discussion. Great interesting questions asked & how it was answered its superb.
She is a gem in the era of so called influencers who hardly understand finance.
Fabuloussssss session!!!! Soo informative!! Very interesting, loved it!
I remember buying term insurance and begin to invest after reading her book on personal finance.
Such s great orator , composed, elegant , beautiful lady! India needs more of her
The best thing.., I liked here is.. the comment she made: “If u r financially independent, doesn’t mean.., you/we have to stop working”.
I have watched so many videos on this channel and I really loved this. Thanks .
Totally agreed on the NPS part, I was watching videos where people recommended NPS by just showing the number, without showing the actual current value of it. I did my own research and end up having the same conclusion as she said in the video
Excellent advice especially for women. Thank you ma'am
Monika insights on financial independence and the importance of documenting one's financial life are invaluable! Empowering women to take control of their finances is crucial for long-term security and success. 📚💡
Take all the money,i don't want to know, don't need to know!Level of trust is great!!Obviously madam was doing a excellent job.
I loved the interview as well as the interviewer and interviewee! Clear questions, simple and absolutely clear answers. Thank you!
This channel posts great content about financial literacy. But if I could make 1 suggestion, that would be to bring out more women on this platform. People underestimate the prowess women have especially when it comes to money and being one myself, I want to get more insights from women Rockstars.
Hey Muskan, agreed and suggestion taken. We'll definitely try to highlight more female investor journeys.
Very informative and helpful video. It's refreshing to see a Woman taking the lead in the household to manage expenses. I would admit to my ignorance about who Ms. Halan was before watching this video, but a man learns new things everyday :)
I'm a 52yrs Director in a Tech company and I consider myself a high income earner at $350,000 per annum, I have a retirement account account but i still want to explore opportunities for short term gains before i start working less in few years.
If I Die before you I have been maintaining a similar diary from last 30 years and now I am 69
Loved the discussion. Will download it for reference later.
Monika Ma'am is the reason i started investing in MF. She is the real OG for personal finance in India for me.
10:24 Very strongly agree. That 40% forced investment into an annuity product is what has kept me from putting money in the NPS.
Hello Wint Wealth,
I am grateful for the content that you put on this channel. It's very helpful, but I do have few suggestions. Many of the followers of this page, would probably know these things already (judging by the comments, on this and other videos). We may not follow these practices but we are on our way, my suggestion is try to reach to those women who Ms. Halan is referring to in this video who are either completely unaware about this topic or have heard about it but curious. In my opinion language could be a barrier, the people you bring on the show are smart, highly educated and well connected which many believe are the pre-requisite to financial freedom.
With the risk of being cliché you may be following the India 1, 2, 3 story here. I think you are catering to the Indian 1, who has money to invest and is actually your client so makes sense but there's tremendous wealth with India 2 and India 3. If educate them then it will not just be a service to society and to the nation but will be beneficial commercially as well in long term. Anyways, thanks for these interviews, I have learnt a lot.
Cheers!
Noted. Thank you for sharing your thoughts.
19:56 this is the best part, the gentleman is the reason behind her success. Humble, simple, and honest guy.
Her intellect is the reason behind her success
I agree totally. Great husband. Wish they take her daughter for an interview. Curious to know how a smart mother influenced her personality in terms of financial literacy
You are a great lady. An inspiration for all women. 🎉🎉
Everything she said is filled with wisdom and experience. Thank you Ma’m!
One can easily visualise power of compounding through PPF after saving
₹12 to ₹15 lakh
I've been watching your content for a while now and this was the best video so far!
She is so wise and gracious. Does not talk down to the ordinary people.
Thank you for the time worthy conversation.
Excellent interview.. really good information shared for youngsters...
the sound quality on this video is top notch!
Depends on what you do. My dad earns way more now at 64 than he did between 40 and 50.
Their tech setup for bets is so advanced yet so user friendly, love it
What a classy interview !!! Real food for soul, made my Sunday
And your comment made our day (:
Constructive criticism: In the animations, I feel typos can be very offputting. At 1:58 "compounded" is spelled incorrectly, and then interest is put in another row which really doesn't make sense.
I thoroughly enjoyed this interview. A lot of real life experiences shared will always resonate with the audience.
This was one of the best videos. So peaceful and calming to hear them talk about finance.
3 rd view, I am waiting for this video thanks wintwealth.
One Angle I think about the 40% annuity is that it will go away anyway as Tax if you don't take the special tax benefits of the NPS but I only allocate that much to it. I am happy that 40% blocked money will have my or my heirs name written on it rather than surrendering it today to Tax Man 😊
Also, that money cannot be stolen by anyone. Too much cash means people will come after you for money. People do make mistakes when they are old.
Such a mature woman with so much clarity. Great podcast esp for women.
Great, Monika ji, you have given so many minute details touching all the important points one should take care to be financially independent. Also, the record keeping book was awesome. I always worried about that.
I shall make a spiral book, too.
Thanks,
Shijith Purushotaman