@@cybercop3108That is so you can change your mindset.. We also got in MLM and lost a lot of money but the mindset changed and we have our own business. (Not MLM 😅)
One valuable thing i learnt from all these interviews that COMPOUNDING is the key to achieve success be it financial, educational or personal achievement. And that compound requires one basic ingredient disciplined consistency everyday .
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investtments, in my opinion, are complex.
Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
BTW, these CXO level people are the same who would tell you “Paise mei kya rakha hai, kaam mei maza aana chahiye” during interviews when a candidate asks for more than 30% hike.
All this big CFO CTO and CXO (Ppt) people bluff about technology and stuff which they aren’t even aware of and then expect people to do wonders in fraction of a salary
Wait, what? When did talking about money become taboo? We literally worship the goddess of wealth every single day. Our shops fashion a signage that reads 'shubh and LAABH'.
"He is correct. I am currently in my mid-40s. It took me 15 years to accumulate one crore, all while taking care of my parents and in-laws. The only positive development for me was when my cousin sister advised me to invest my entire basic salary into the Voluntary Provident Fund (VPF), which has been earning me a steady 8.1% interest for over 12 years. Unfortunately, the government later imposed taxes on the VPF, allowing me to withdraw only 60% of my basic salary."
PF, PPF, VPF will give you decent compounded return but at an age where you will not be able do much with the money. Plus like you mentioned, if tax laws change by the time you are ready to cash out, you will not be able to rewind 20 years of life.
@@ManishJainMaverickAbe tu problem point out kar rha hai. Tu koi solution ki baat bhi nhi kiya puri video pe. Tera shakal dekh ke thuk ne ka man kar rha hai. Typical stupid boss working in corporate. Idiot!
@@ManishJainMaverick "You're absolutely correct. I can't rewind time, but I derive fulfillment from my sacrifices, having observed my father's wholehearted dedication to our family. I am a part of the second generation, raised in a lower-middle-class family."
I am 35 now, started working in 2011. I have accumulated 1.2cr so far. I have taken care of my family and spent my own money on my marriage. 90 lakhs/1.2cr in real estate. In another 5 years 90 lakhs will grow into 1.2 crores max. I am also contributing good amount into VPF + Mutual funds and direct shares. I am not a micer as I enjoy things which really gives me happiness.
Loved this! No fake mantras of making a crorepati in a blink. Very measured and realistic approach. Did sound like a very matured, sensible and seasoned voice speaking facts...
Simply amazing. All we want is to have these people share their valuable experience and knowledge and provide us the guiding path to financial freedom. The only thing I would expect a bit more from these chats is to have these guys talk more about their failures and how they navigated through those.
im sure his daughter is lucky to have a sensible dad like him. In my family I have never seen elders or my parents talking about money, investment or getting better as an individual. Indian family gathering pattern need to be changed a bit. We often discuss about politics, movies n some random stuff but avoid financial and personal well being topics.
Every crash /collapse/inflation or a recession offers an equal market opportunity if you are well prepared and knowledgeable. I've seen people accumulate up to $800,000 during crises and even pull it off with ease in a bad economy. Without a doubt, the bubble or crash has made someone extremely wealthy.
The pandemic came and taught everyone the importance of having multiple stream of income unfortunately having a nice paying job doesnt mean you are financial secured anymore So we all need to put in an extra-income earning chance, like investments
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
@ClarenceCandelario-fd4vtPatriciastain" is the advisor that oversees my portfolio. SHe's been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn't be a hassle to find basic info..
She appears to be a true authority in her profession. I looked up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury 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..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Your boss is very correct. If u order food wirhout looking at menu then u have reached there. I am enjoying on my passive income after putting lot of savings, investments and correct guidance from a salary job for almost 20 years. Discipline is very important.
I believe speaker got it wrong. Inflation reduces purchasing power whether you spend or not. Out of 4lac , 3lac would look same but when you try to use its real value will be less which you can't see now that is inflation.
FDs in your kids name, they won't have to pay tax on it as long as the interest does not cross initial tax slab you won't have to pay a single penny in tax, same with dividends. So it's better to give your kids the money now so they don't pay tax on it instead of sitting in your account and you paying tax on it.
@@srijoygan Sometimes parents save money for kid college and other expenses but keep in their own account and pay tax on gains. If the same money they transferred to kid at 18, no tax will be paid as kid will have less than minimum tax slab income.
@@rishiraj1616 you can make bank account at any age for kid. But here idea is that you wont save tax till they have tax ID which is after 18. Lot of father already save tax using nonworking wife's account, but if both parents are working and have salary above minimum slab they can use kids account to save tax.
Manish this is probably the best explanation of money making habit, which the finfluencers make it complex and chargeable. Thanks for such simple explanation.
This video, I must say, is one of the best one I have seen, especially definition of "inflation", the fact that it hits the consumption component and not the income component! This is a simple one line answer to all those Finfluencers and investment advisors (so called) who scare you to death. Thank you Manish Jain!
I want to appreciate the camera team the shoot is really exceptional and hight quality and straight to the plan really appreciate and u guys deserve raise !!
Educative message . In terms of retirement expectations, I'm fortunate. I used to travel when I was younger, and because I was raised to make sacrifices, I don't have ostentatious tastes. I believe that by engaging in my inexpensive activities and living frugally, I'll have a very good retirement. Right now, the only thing that could stop it is the cost of healthcare.
Great way of marketing wint has chosen, love you wint Just one request, plz take someone on pod who has made himself through a lot of struggle, especially someone who was from tier III collage like the ghatiya collages of India
Il am impressed with 10.20 to the end particularly don’t rush , panic catching up due to peer pressure , and most importanly making money is easy and boring but Problem comes when you try to make quick money 👌👌finally don’t take 80% to grave spend and enjoy 👏superb
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Questions to ask here I guess are is that $400k in retirement account or brokerage account. What’s your age. Are your goals long term or short term if they are in brokerage account. How much risk can you stomach. Answers to these questions should give you hint on whether to diversify. Then dig deep into how to’s once you know how much to diversify and with what goal and risk.
Nice to see you Manish sir...I know you are so organized, positive and energetic personality. You are truly inspirational for us and your way of explanation about passive income is superb. Thanks for your guidance always. ...Regards
Very Realistic and it's a journey to build lifelong wealth. We need to also enjoy the money and don't live on the spreadsheets and optimize your life. Money is a tool to provide convenience and invest your time in taking care of your health, family, relationships as you build the wealth.
Absolutely 💯. Leaders are good readers.... I have seen that people take loan for personal use and as per Robert Kiosaki, you should take loans to build your Assets and NOT the liabilities. Thanks for this awesome wisdom... Subscribed...
This episodes with certain knowledge and experience of these people who have achieve there FIRE are just priceless 👏🙏. Thanx wint wealth for making this happen !
One of the best videos on passive income/FIRE concept. This video genuinely inspired me to think more about generating passive income rather than just gunning for a retirement corpus number. You are a very sorted man! Kudos to you sir 😊
Capital gains tax don't work in income slabs, so you gonna havetto pay 10% LTCG or 15%STCG accordingly. It doesn't matter if you transfer the portfolio in your daughters name or not.
The returns on FD, fixed instruments, bank account cash interest, and dividends would be taxable as per the income Slabs. That’s where the majority savings could happen.
@@WalterWhite-og6wj so i can open an account for my daughter at 18 and buy shares on her name - pay no taxes on captial gain - correct me if I am wrong ?
jain sir was very much open about sharing his knowledge and thank you very much sir for that...but the interviewer was more interested in knowing jain sir's trip expenses and total assets...this interview could have been more knowledgeable if interviewer would have ask him exact questions
He was so pleasant to hear and I didn’t get a vibe that I don’t have it. It was positive and relatiable. Yeah the first crore is always very difficult to make
I think the key part of the video was the part where he tells that do a fd of 50k and essentially that thing is paying for your netflix and we need to do this for all the luxuries of our life, then we can have these luxuries guilt free.
Thanks for sharing awesome tips! I'm financially free and currently growing a solid retirement plan. It takes a positive and consistency to learn new things, unlearn the old habits is important to get a mentor/coach to lead you all the way. It's great to start young too!
His kids are in ambani's school... All filmstar kids😂 My school fees was ₹1200/- for 6 month, & right now m earning ₹85000/-. His kids should earn atleast 2.8crore per month 😂😂
It's very strange that he'd only talk about how good everything seems now but not about all the sacrifices he had to make in in initial years to build up that corpus
@@ManishJainMaverick Completely agree on both points, was just expecting to hear a bit about the other side as well (maybe a mini-series on your own channel in the future?). Great content nonetheless!
How much passive income he is exactly getting? 1.5 lac per month? That's 18 lac per annum, that's only worth 3 Dubai trips for him. What's his active income? What is gap between his earnings and spending? What's his portfolio value as of today? What is the asset allocation? This video gives not much numbers that could help rational mind.
👍👍I love the grounded reality of this channel!!,Despite the recession, I no longer depend on Government Grants since I acquire $16,400 bi weekly profits
Wow I know James werden. His platform maintains a unique perspective and is very transparent with their investors. Regardless of whether or not he outperforms. I will forever stay invested!
His (James werden) technical analysis is excellent and his interpretation/projections of the market is so accurate I sometimes ask myself if he's human haha. Point is, James is the perfect trader to follow for advise and daily signals.
Inflation and Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years..........
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&s isa but its hard to bite the bullet and do it.
I agree with you totally, Yes they can be positively impactful to an individual's portfolio. I started with a trust Financial Adviser named " *Jenny Pamogas Canaya". She is verifiable and her work ethic complies with the US Investment Act of 1940. Her approach is transparent, allowing full ownership and control of my portfolio with very reasonable fees relative to my portfolio earnings.
She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that. You can take a look at her full name on the internet. She is renowned. So it shouldn't be difficult to find her official webpage
For the growth of passive income (stocks of Indian companies), the Indian companies needed to grow. Human resources are the key to a company's success. Therefore, the people must be salaried, i.e, should have an active income. Active income is the other side of the coin. Both active and passive are required. Just imagine if every people invest in stocks and quit the job. The stocks won't grow, and people will end up being salaried again. Only if there is active income, there will be passive income.
Appreciate and agree with most of the insights shared here. Wanna share my personal review that Rich Dad Poor Dad is not a great book. The writer of that book did none of the things he said he did, actually went broke (ironic) and generates most of his income from selling this book and courses around it, instead of real estate (which he talks up quite a bit in the book). Moreover, even the advice given in the book is superficial at best and downright incorrect at worst. If it helps you, great, but there are better books on finance like Millionaire Next Door, Psychology of Money etc.
Agreed: That book is agreat starting point but not a bible. And above two books are fantastic. No way to verify, but Robert K claims to own 15,000 properties which is about 3 new a day!
@@ManishJainMaverick Agreed. Information about Kiyosaki isn't listed by any definitive verified source. From a quick look, his net worth is listed as $100M, which, if we assume everything is tied in real estate, gives us an average of $6,666 per property, which is too low. I noticed you're the one in the video. Great job freeing yourself from the rat race and achieving financial independence!
one of the most important lesson from rich dad poor dad was the same "first buy assets produce cashflow then only buy liabilities"
Hello . Rich dad poor dad is for the rich guys
Check Robert kiyoaski debt
@@cybercop3108That is so you can change your mindset.. We also got in MLM and lost a lot of money but the mindset changed and we have our own business. (Not MLM 😅)
TIL, you can buy a liability.
This is seeking youtube channel comment ??
Inspiring talk. “Don’t take 80% of your wealth to your grave, spend it” brilliant !!!
No background music. No Hollywood style intro and endings. Just clear chat. Lovely content. Please don’t change.
Couldn't agree more
What an inspiring speech! "Luxury I dont want to fund from my Salary, I want my salary to work for me and give me money." Great Approach.
One valuable thing i learnt from all these interviews that COMPOUNDING is the key to achieve success be it financial, educational or personal achievement. And that compound requires one basic ingredient disciplined consistency everyday .
..narrow mindset
@@praddumnvats6759yea like yours
@@praddumnvats6759how come
There is a book “ Compound Effect “
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investtments, in my opinion, are complex.
Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
BTW, these CXO level people are the same who would tell you “Paise mei kya rakha hai, kaam mei maza aana chahiye” during interviews when a candidate asks for more than 30% hike.
All this big CFO CTO and CXO (Ppt) people bluff about technology and stuff which they aren’t even aware of and then expect people to do wonders in fraction of a salary
Talking about crores while the average corporate fresher salary is less than 3 lpa
Wow. In a country where lot of people still think talking about money is a taboo subject your channel is so important and educational . Great content!
no one thinks like that u idiot
Wait, what? When did talking about money become taboo? We literally worship the goddess of wealth every single day. Our shops fashion a signage that reads 'shubh and LAABH'.
Ghanta
Money? Taboo? Bhai chutiya hai kya
@@sagarpandurangi4820i guess he is paid review 😂
Oh he was my Manager at Nucleus Software Noida. A very good man
"He is correct. I am currently in my mid-40s. It took me 15 years to accumulate one crore, all while taking care of my parents and in-laws. The only positive development for me was when my cousin sister advised me to invest my entire basic salary into the Voluntary Provident Fund (VPF), which has been earning me a steady 8.1% interest for over 12 years. Unfortunately, the government later imposed taxes on the VPF, allowing me to withdraw only 60% of my basic salary."
I am also doing same, I am taking maximum benefit of vpf
PF, PPF, VPF will give you decent compounded return but at an age where you will not be able do much with the money.
Plus like you mentioned, if tax laws change by the time you are ready to cash out, you will not be able to rewind 20 years of life.
@@ManishJainMaverickAbe tu problem point out kar rha hai. Tu koi solution ki baat bhi nhi kiya puri video pe. Tera shakal dekh ke thuk ne ka man kar rha hai. Typical stupid boss working in corporate. Idiot!
@@ManishJainMaverick
"You're absolutely correct. I can't rewind time, but I derive fulfillment from my sacrifices, having observed my father's wholehearted dedication to our family. I am a part of the second generation, raised in a lower-middle-class family."
I am 35 now, started working in 2011. I have accumulated 1.2cr so far. I have taken care of my family and spent my own money on my marriage. 90 lakhs/1.2cr in real estate. In another 5 years 90 lakhs will grow into 1.2 crores max. I am also contributing good amount into VPF + Mutual funds and direct shares.
I am not a micer as I enjoy things which really gives me happiness.
Loved this! No fake mantras of making a crorepati in a blink. Very measured and realistic approach. Did sound like a very matured, sensible and seasoned voice speaking facts...
This kind of video is what we need. Good work Wint wealth
Simply amazing. All we want is to have these people share their valuable experience and knowledge and provide us the guiding path to financial freedom. The only thing I would expect a bit more from these chats is to have these guys talk more about their failures and how they navigated through those.
im sure his daughter is lucky to have a sensible dad like him. In my family I have never seen elders or my parents talking about money, investment or getting better as an individual. Indian family gathering pattern need to be changed a bit. We often discuss about politics, movies n some random stuff but avoid financial and personal well being topics.
So rightly said, "Making money is EASY and BORING". The trouble happens when you want to go Fast & Furious!!!
Every crash /collapse/inflation or a recession offers an equal market opportunity if you are well prepared and knowledgeable. I've seen people accumulate up to $800,000 during crises and even pull it off with ease in a bad economy. Without a doubt, the bubble or crash has made someone extremely wealthy.
The pandemic came and taught everyone the importance of having multiple stream of income unfortunately having a nice paying job doesnt mean you are financial secured anymore So we all need to put in an extra-income earning chance, like investments
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
@ClarenceCandelario-fd4vtPatriciastain" is the advisor that oversees my portfolio. SHe's been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn't be a hassle to find basic info..
She appears to be a true authority in her profession. I looked up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services
@cynthiaa.coleman7712I find this intriguing. Could you please provide me with the means to get in touch?
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury 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..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
No wonder Warren Buffet says real estate is not a great investment.
Inspirational video. ❤
Your boss is very correct. If u order food wirhout looking at menu then u have reached there. I am enjoying on my passive income after putting lot of savings, investments and correct guidance from a salary job for almost 20 years. Discipline is very important.
In what sector you invested...Just Give me advice in which of all I should invest upcoming days .I m just 21 You have experience from 20 years
@@sketcherbuntybunty8627 real estate but u need some cash in hand before u enter.
They are truly honest in this era, who genuinely spoke about their income and expenditure
so much pure learning no bullshit, thankyou for bringing in such Contant.
I believe speaker got it wrong. Inflation reduces purchasing power whether you spend or not. Out of 4lac , 3lac would look same but when you try to use its real value will be less which you can't see now that is inflation.
What a honest person , stay blessed sir , we need people like these in leadership positions to take our country forward
Wow ! that child turning 18 and having tax id is something I did not think of and most Indian parents ignore.
I did not understand what it meant. Can you please explain?
FDs in your kids name, they won't have to pay tax on it as long as the interest does not cross initial tax slab you won't have to pay a single penny in tax, same with dividends. So it's better to give your kids the money now so they don't pay tax on it instead of sitting in your account and you paying tax on it.
@@srijoygan Sometimes parents save money for kid college and other expenses but keep in their own account and pay tax on gains. If the same money they transferred to kid at 18, no tax will be paid as kid will have less than minimum tax slab income.
@@nikhilsahay895 So it means you can only transfer after he/she turns 18. Not before that?
@@rishiraj1616 you can make bank account at any age for kid. But here idea is that you wont save tax till they have tax ID which is after 18. Lot of father already save tax using nonworking wife's account, but if both parents are working and have salary above minimum slab they can use kids account to save tax.
Thé concept of Passive income should be taught in high school and college as well
Thanks for the input God bless
Manish this is probably the best explanation of money making habit, which the finfluencers make it complex and chargeable. Thanks for such simple explanation.
This video, I must say, is one of the best one I have seen, especially definition of "inflation", the fact that it hits the consumption component and not the income component! This is a simple one line answer to all those Finfluencers and investment advisors (so called) who scare you to death. Thank you Manish Jain!
This interview could be longer. He has so much knowledge. Thank you for posting.
Finally a great video. Got to learn so much from someone who has built it from 0. Key takeaway - Discipline
If I had a Mentor like Manish.. I would have rewritten my on a different way😎
I want to appreciate the camera team the shoot is really exceptional and hight quality and straight to the plan really appreciate and u guys deserve raise !!
Educative message . In terms of retirement expectations, I'm fortunate. I used to travel when I was younger, and because I was raised to make sacrifices, I don't have ostentatious tastes. I believe that by engaging in my inexpensive activities and living frugally, I'll have a very good retirement. Right now, the only thing that could stop it is the cost of healthcare.
Kya suljha hua Banda hai.
Thank you Wint for this interview. 🙏
Great way of marketing wint has chosen, love you wint
Just one request, plz take someone on pod who has made himself through a lot of struggle, especially someone who was from tier III collage like the ghatiya collages of India
What marketing are talking about?
Il am impressed with 10.20 to the end particularly don’t rush , panic catching up due to peer pressure , and most importanly making money is easy and boring but Problem comes when you try to make quick money 👌👌finally don’t take 80% to grave spend and enjoy 👏superb
I’m still deciding whether to diversify my $400k stocks portfolio? how do I redistribute stocks in my portfolio to hedge against crash and make gains
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
Please can you leave the info of your investment advisor here? I’m in dire need for one
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Questions to ask here I guess are is that $400k in retirement account or brokerage account. What’s your age. Are your goals long term or short term if they are in brokerage account. How much risk can you stomach. Answers to these questions should give you hint on whether to diversify. Then dig deep into how to’s once you know how much to diversify and with what goal and risk.
@@ChristopherHoward-kf7ykNatalie gave me huge returns. Almost 1000% every day. 😂😂
Lovely chat, very realistic conversation. This is what people should follow instead of most finfluencers.
That’s the approach i want in India, where everyone is trying to get job. No one is trying to build businesses that could provide jobs.
This Video made me learn what exactly I want to do with my Life in next 10 years
Nice to see you Manish sir...I know you are so organized, positive and energetic personality. You are truly inspirational for us and your way of explanation about passive income is superb. Thanks for your guidance always. ...Regards
The best advice from him is never Chase quick money 👍
Very Realistic and it's a journey to build lifelong wealth. We need to also enjoy the money and don't live on the spreadsheets and optimize your life. Money is a tool to provide convenience and invest your time in taking care of your health, family, relationships as you build the wealth.
Passive Income And No Rush for Quick Money ❤❤ Its always greatt to hear nd learn from you Manish Sir‼️❣️💯🔥
Absolutely 💯. Leaders are good readers....
I have seen that people take loan for personal use and as per Robert Kiosaki, you should take loans to build your Assets and NOT the liabilities. Thanks for this awesome wisdom... Subscribed...
Sincere thanks to you sir, you sound so calm realistic and supportive, it's the right kind of moral boost I needed 🙏
Straight to video. No nonsense intro for 2 minutes. Good
This episodes with certain knowledge and experience of these people who have achieve there FIRE are just priceless 👏🙏. Thanx wint wealth for making this happen !
Manish is very composed, seems like a sensible man
Wow, this video really simplifies a complex concept! It's so insightful and easy to understand. Great job!
I have the same views as this gentleman. I can say that by reaching this gentleman's age I might be able to achieve the same financial milestone
One of the best videos on passive income/FIRE concept. This video genuinely inspired me to think more about generating passive income rather than just gunning for a retirement corpus number. You are a very sorted man! Kudos to you sir 😊
Capital gains tax don't work in income slabs, so you gonna havetto pay 10% LTCG or 15%STCG accordingly. It doesn't matter if you transfer the portfolio in your daughters name or not.
This is something that could have been done better in the interview, in terms of correcting or putting out a message at the end…..
Dividends would be impacted right?
Tax free dividend for a non tax payer 🎉
The returns on FD, fixed instruments, bank account cash interest, and dividends would be taxable as per the income Slabs. That’s where the majority savings could happen.
@@WalterWhite-og6wj so i can open an account for my daughter at 18 and buy shares on her name - pay no taxes on captial gain - correct me if I am wrong ?
jain sir was very much open about sharing his knowledge and thank you very much sir for that...but the interviewer was more interested in knowing jain sir's trip expenses and total assets...this interview could have been more knowledgeable if interviewer would have ask him exact questions
He was so pleasant to hear and I didn’t get a vibe that I don’t have it. It was positive and relatiable.
Yeah the first crore is always very difficult to make
nice video.. 10:12.. i read Rich Dad Poor Dad in 2008 and started my journey
Invest early and frequently..no rush ...and ofcourse passive income...lessons ought to be taught in schools..
I'm with him on the thought process 👍👍 glad to find someone thinking in this direction.
Inflation is on consumption not on income - Good Point
I think the key part of the video was the part where he tells that do a fd of 50k and essentially that thing is paying for your netflix and we need to do this for all the luxuries of our life, then we can have these luxuries guilt free.
Tax?
Amazing Videos guyss!!!!... I don't understand where you guys find such amazing people...Hats Off!!!
Mu father do the same ...expenditure are taken care by rental income all the buisness income are reinvested to generate income
Disciplined approach of one and half decades. Wow 👏
Best is “Invest yourself and Don’t chase quick money”. I think 90% of the ppl would do this mistake in their initial days.
Superb philosophy. Most people work for money, but few make their money work for them, they'd rather spend it and piss it out.
I am simply fed up of playing catch up and being poor for so long. Want to get out of this rat race soon. Money making ought to be on auto pilot.
Wonderful podcast!
The guest enhanced it! Fully covered all the key financial aspects!
If I have to define this channel in one word, It's "Quality". Kudos and keep up the good work
I read the book thrice..will try to complete one more time.... I have read Cash Flow also twice...
Thanks for sharing awesome tips! I'm financially free and currently growing a solid retirement plan. It takes a positive and consistency to learn new things, unlearn the old habits is important to get a mentor/coach to lead you all the way. It's great to start young too!
The guest on the podcast does not intend to retire ever
Idea is to stop working for a paycheck as step 1
I just hit the bell icon for notification. What great and subtle yet important content this is! Ekdm raw. Love it. And keep it up.
Awesome! Thank you!
Really appreciate the genuine content Wint Wealth brings to us! 🙌
1 child 4-5 lacs per yr for fees??? I am 26 yr old ...from KG to compeletion of MD general medicine my total expenditure on education is 10 lacs ....
U are a meritorious one thatz it
Educational inflation is compounding at 15% it seems
His kids are in ambani's school... All filmstar kids😂
My school fees was ₹1200/- for 6 month, & right now m earning ₹85000/-.
His kids should earn atleast 2.8crore per month 😂😂
Thats why I go on Samosa stall and eat without looking at menu price , i am living a good life 😂
😂😂😂😂
Lol this attitude 😂
These are lovely insightful talks. Confidence building for some who have already taken similar decisions
It's very strange that he'd only talk about how good everything seems now but not about all the sacrifices he had to make in in initial years to build up that corpus
~30 yrs of working are hard to fit in 12 mins 🙂
The theme of the podcast is attaining passive cashflow
@@ManishJainMaverick Completely agree on both points, was just expecting to hear a bit about the other side as well (maybe a mini-series on your own channel in the future?). Great content nonetheless!
Be positive,all is well ,when it ends well . Retired life is the end I am talking about .
Short & Crisp & worth it!
Amazing interview!!! Lovely explanation by Mr. Manish Jain!!!
How much passive income he is exactly getting? 1.5 lac per month? That's 18 lac per annum, that's only worth 3 Dubai trips for him. What's his active income? What is gap between his earnings and spending? What's his portfolio value as of today? What is the asset allocation? This video gives not much numbers that could help rational mind.
You are giving real guidance to new generation
Such a calm composed clear headed gentleman.
👍👍I love the grounded reality of this channel!!,Despite the recession, I no longer depend on Government Grants since I acquire $16,400 bi weekly profits
Wow that's huge! How did you achieve this?
trading under proper guidance remains the best way to succeed in today's crypto market!
Wow I know James werden. His platform maintains a unique perspective and is very transparent with their investors. Regardless of whether or not he outperforms. I will forever stay invested!
His (James werden) technical analysis is excellent and his interpretation/projections of the market is so accurate I sometimes ask myself if he's human haha. Point is, James is the perfect trader to follow for advise and daily signals.
Got 5k profit weekly basis
What an interview. Both are amazing ❤
Finally, it is marketing video
Soon for 1Mil. All the best wint.
You're doing a great job Wint wealth! Keep delivering such videos!
Inflation and Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years..........
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&s isa but its hard to bite the bullet and do it.
I agree with you totally, Yes they can be positively impactful to an individual's portfolio. I started with a trust Financial Adviser named " *Jenny Pamogas Canaya". She is verifiable and her work ethic complies with the US Investment Act of 1940. Her approach is transparent, allowing full ownership and control of my portfolio with very reasonable fees relative to my portfolio earnings.
She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that. You can take a look at her full name on the internet. She is renowned. So it shouldn't be difficult to find her official webpage
I just wanna say I do the same & I never listened this due to a meeting btw! I freelance for my expenses I Invest my Salary !
Make sure you are not violating your T&C for the employment part
Brilliant examples and explanations ❤
When you have money, you can do whatever you want to do.
Inflation hits the consumption. Damn, frugal living is the answer. Materialistic lifestyle after wealth creation is key.
Wow... Amazing information and guidance. Thank you
Mr. Romeo you have done an excellent memorable photoshoot of our tour in Ho Chi Minh, Mekong Delta trip. Thanks for your effort... 😊😊
For the growth of passive income (stocks of Indian companies), the Indian companies needed to grow. Human resources are the key to a company's success. Therefore, the people must be salaried, i.e, should have an active income. Active income is the other side of the coin. Both active and passive are required.
Just imagine if every people invest in stocks and quit the job. The stocks won't grow, and people will end up being salaried again. Only if there is active income, there will be passive income.
7:12 This is such an important point
Very insightful, short, and important message. Thanks for sharing the idea.👍
Genuinely awesome interview. Thank you Wint. You guys are fkin killing it ❤
Just love the advise part 👌
Appreciate and agree with most of the insights shared here. Wanna share my personal review that Rich Dad Poor Dad is not a great book. The writer of that book did none of the things he said he did, actually went broke (ironic) and generates most of his income from selling this book and courses around it, instead of real estate (which he talks up quite a bit in the book). Moreover, even the advice given in the book is superficial at best and downright incorrect at worst.
If it helps you, great, but there are better books on finance like Millionaire Next Door, Psychology of Money etc.
Agreed: That book is agreat starting point but not a bible. And above two books are fantastic.
No way to verify, but Robert K claims to own 15,000 properties which is about 3 new a day!
@@ManishJainMaverick Agreed. Information about Kiyosaki isn't listed by any definitive verified source. From a quick look, his net worth is listed as $100M, which, if we assume everything is tied in real estate, gives us an average of $6,666 per property, which is too low.
I noticed you're the one in the video. Great job freeing yourself from the rat race and achieving financial independence!
Amazing interview. He has immense knowledge and it’s appreciable that he’s sharing it. Great content wint wealth. Keep enlightening us.
Inflation Hits affordability and value of currency and hence value of the fund you have...
Doesnt matter consumed or not!!
He spoke few practical things 👍