How Did He Retire Before AGE 40? | PowerUp Money
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- Опубликовано: 7 авг 2024
- How Did He Retire Before AGE 40? | PowerUp Money | Power up money
In this video, Sanjay Kathuria, a seasoned CFA and former real estate consultant, shares his journey to financial freedom. He discusses how he mastered the art of investing through consistency and strategic planning.
Sanjay reveals the strategies that enabled him to transition from a 9-to-5 grind to financial independence. We dive into his practical advice on investment techniques that anyone can apply, whether you're just starting or looking to refine an existing portfolio.
Join us for this inspiring conversation and remember to subscribe, like, and share to support Sanjay's incredible journey!
👀 Watch the full video for more insights and inspiration.
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Timestamps
0:00 - Highlights
0:56 - Sanjay’s corpus
2:14 - Career in Real Estate
4:22 - Salary in real estate
6:26 - Should we buy a home?
8:47 - Financial Planning for a person earning Rs 1 lakh p.m.
12:50 - SIP Vs SWP
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My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. Living within your means and living a frugal lifestyle is the first step to financial independence. I just hit the one million mark last year, cheers to everyone striving to get there someday.
Wow! Congrats on that. Is it preferable for me to save money or allocate a significant amount of my salary to stocks in order to accomplish this goal??
Varied sources of income is wise and especially living within your means. My net worth is over $1M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Although financial advice is arbitrary and what works for one person may not work for another, planning is always preferable. I consider myself fortunate to have been introduced to personal finance at a young age. I started working at the age of 19, purchased my first house at the age of 28, was laid off at the age of 36 during the COVID-19 pandemic, and immediately sought advice from an advisor to manage the expansion of my finances. After further investments, as of right now, I'm only 25% short of my $1 million target.
This intrigues me. I've looked up financial advisors online, but finding one to connect with is a bit difficult. Do you mind if I ask for your recommendation?
'Angela Lynn Schilling’ maintains an online presence. Just make a simple search for her name online.
The logic given for buying shares is exactly which can be true for houses as well.
Keep it going with similar quality guests, format, questions.
Key takeaway:
20 years of SIP
20k per month
Growing at 12%
Corpus after 20 years =2 Crores
20 years of SWP
1.5Lakh per month
Corpus growing at 12%
Corpus after 20 years = 7Crores
2 crore 20 years swp kab karna hai 20 years baad
Assume that if for someone who's monthly expense currently is 50k
What will be the expense after 20-25 years
@@shubhamdehariya9643 Hypothetically If we consider inflation 7% then it would be around 2 lac 71 thousand so in this case we should increase sip at least by 2 percent each year so we reach our goal and beat inflation bro 👍🙏
I have calculated it, however the figures seems to be incorrect
@@shubhamdehariya9643there are swp calculator in google.you can fill principal,interest and withdraw al amount ,it will give you details of left over amount.
Brilliant knowledge shared.
Didn’t know about SWP ..but getting 12% per annum index or stock etc is the key
Wonderful and motivating
Excellent session very informative
Perfect.. planner..
Mam swp me initial kitna invest karna padega please reply
Powerful podcast👌Please bring more of them!
Thanks a lot, Swapnil 😃
Thank u mam for making this video ...
Kindly make more videos
God bless u keep growing ...
Thanks, Ganesh. We’re glad you enjoyed it.
Sanjay is right one should not invest in real estate at early age. but flip side is that in present world for marriage first questions asked by Girl even high salary -is that whether one is having his own house or rented and accordingly decisions are taken.
Mam
Nice inspiring video, please make like this and need more information of about Making 1 st crore experience for u r upcoming video
👀 I took notes ✍🏻
Haha, Glad to hear that😃
I had similar experience with real estate investment. I sold it off and feeling so free and relaxed not having to worry about finding tenants, maintaining it, risking damage to property…
That’s really awesome! Hope you made good returns out of it 😃
What about Long term capital gains?? Where did you invest the money after selling your property??
@@sushil2kashyap It was an apartment in Pune and there was a capital gain but after indexation calculation it was slighly lower than the government price so I didn't have any capital gain after the indexation calculation. I put entire money in the MF and very happy with the decision. Selling flat was the best decision of my life. The old broaker told me that more you wait for better price more you loose in the gains later. It was a wise advice.
@@user-my5qp1nm2d Thank you so much for your reply. I appreciate your decision. I also want to sell my 2nd flat but parents are not allowing for emotional reason. Thank you again.
thank you
You're welcome
What about inflation after 20 and 40 years?
Insightful
Thank you, Azariah!
5:48 by
1, Sales- sell off to IT BT employees by decorative paints.
2.buying land:- buy lands next to big drainage, acquire slum, disputed land, Big storm drainage.
3. Engeering:- using low grade streel, aluminium channel windows, pvc doors, 4" walls, dust board playwood, Hallow bricks, ceramic tiles, false granite, glass plates,.
*******
You will get Good remuneration but Building life is just 15-20yeaes maximum...😂😂😂😂
She asked opinion on buying house for self consumption and his response was all about buying house as an investment 🤦♂
I guess what he meant was that the amount of money someone invests in buying a house can be invested somewhere else where you get better returns.
In early age people buy houses on EMIs which drain their money. But if the same amount of money is invested somewhere else, it can give you much better returns.
@@Aayushiigoel I was with him when he mentioned transactions costs, down payment etc. But then he mentioned how long would it take for the rental yield to cover transaction costs. Then he went back to talking about how you cannot move the house with you when you relocate suggesting he was again talking about self consumption. He was basically listing all the downsides of both without sticking to a single train of thought.
I also of the opinion his belief on buying a house is contrary, the peace and ownership of a house is valueless, I hope his philosophy will change with time.💐
@@Aayushiigoel. Buying a house gives you stability and financial discipline in life . In any given point in life you will buy a house 15 or 20 years later. Why not now
_Pehla Goal = "Shaadi karna he". Bhai fir aage goals hi nahi he. Pehle hi goal me aap khatam. No returns & total destruction_
"Investing is a good idea, but diversifying investments is wise,"
and this podcast will help you accumulate wealth
Thank you so much for your valuable feedback, Ananth.😃
💯
Nice
Hope you enjoyed it
Great 👍 content
Any financial influencer saying not to buy house is utter shit and makes no sense at all
Can someone put it here that SWP he mentioned.
Key takeaway:
20 years of SIP
20k per month
Growing at 12%
Corpus after 20 years =2 Crores
20 years of SWP
1.5Lakh per month
Corpus growing at 12%
Corpus after 20 years = 7Crores
🙏🙏🙏🙏
where are the logics?... are they on vacation today? He mentioned that If you buy a 1cr house, your rent is 25K per month. and on the other hand he says if bachelor lives with his friend he is paying 25K rent. Is he paying the entire rent? Aren't you aware that in Bangalore you havr to pay painting charges on vacating house?
the host should listen more and interrupt less.
Yaar mera 1 cr kaab hoga?
Girl is beautiful 😍
MIcs are really cheap now... probably that's why anyone can put it in front of their faces and barf in it.
Bada business Wtf😂
All early retirement stories of high earning individuals are lies. The more one earn the more he's entangled in the rat race (the opposite is not necessarily true). Have never seen a young retiered person who's spending time only with family and hobby and living on retirement corpus only.
Making money is very easy 😂😂😂😂😂😂😂😂😂😂😂😂😂
You are talking dumb like people Jo sapne dikhate hai
Swp me invest kitna karna padega initial me