What People Don't Understand About Investing!
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- Опубликовано: 16 сен 2024
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Today we talk to Rahul Jain, who has achieved a corpus of 5 crores through discipline and consistency. He shares his journey of investing in mutual funds in this video
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Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in
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
Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Elisse Laparche Ewing 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.
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
when somebody says they went to USA. I lose appeal of this interview podcast.because it only means we need $ to help jump n/w.
So folks, your answer will be at 4:40, make sure to go out of India to earn more... thats how ur wealth will grow.
True. Normal stories need to told to
True! I was interested until this aspect came. Earning abroad can jump start and put you ahead of others
Wint wealth will take cases involving already rich people even if they not invest..
You are right
This comment my 17 minutes😁
Trading has been rather rewarding to me and i've learned that getting a good roi is very much attainable if you know your way around it.
What's the secret behind your success? I can tell that not everyone is as lucky as you are.
@@braddecker777 Its far from luck to be honest.
@@maxi-b3v To me, trading is not worth it and i know that's the same mindset holding me back from taking a step forward in my finance. its all gambling.
@@richardtent5852 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.
@@maxi-b3v I agree with you on that i struggle to get an expert please who do you use?
He made 80K USD in 2017, which is kind of basic pay for onshore guys.
But in 2024, he makes 1 CR in India, which is top 0.5% pay for 35 year olds.
Kind of something is missing in middle.
Makes sense to me , same thing I was also wondering....
He might have switched to india, by matching US salary or getting hike of few percentage of his US salary,
The discipline that he has shown over 14 years is the point that needs to be the takeaway.... the US trip must have helped him..but he has developed skill set to get the awesome salary that he draws....Very informative on how somehow as young as 36 has done it....good interview...
Earning 1 crore per annum in india requires lots of skill set.. kudos to this guy
it doesnt, get into faang
@@aditya7955 faang?
It requires referral and some baniya soft skills
@@aditya7955 good luck getting into faang
@@VeEjAy64 he is saying about software product company. Like Meta , Apple , amazon , netflix and google. Just a correction it's MAANG
That last statement - 'If you make this process boring, you are making real wealth'.🔥 Yup this is gonna stick with me.
I appreciate your commitment to guiding others toward financial success. We all strive for security and a better quality of life, and this can be achieved through smart investments, mindful spending, and effective budgeting. I'm thankful I discovered the value of hard work and financial independence early on in my journey.
In my view, smart investing is not just a method for generating passive income but also a strategic way to save for future financial needs. Those who don't make sound decisions early on often find themselves regretting it later. However, investing can be complex and risky when done alone. That's why I strongly suggest seeking guidance from a professional. The key is not simply absorbing information from videos or books, but applying that knowledge wisely in real-world situations.
With my wealth of experience as a seasoned investor, I firmly believe that the foundation of successful investments lies in acquiring the right knowledge, regardless of popular opinion. As Warren Buffett often advises, "Be greedy when others are fearful, and fearful when others are greedy." This principle undoubtedly holds the key to achieving success amidst market uncertainties. Collaborating with my licensed financial advisor, I've managed to generate $100,000 in profits, marking a positive journey in my investment endeavors thus far.
I wholeheartedly concur, which is why I opt to entrust the day-to-day decision-making to an investing coach. With their specialized knowledge and extensive research, it is highly unlikely for them to underperform. Their expertise is centered around harnessing the asymmetrical potential of risks while also employing measures to safeguard against unfavorable outcomes. I have been collaborating with an investment coach for more than two years
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I read a lot of comment saying, how 1cr salary and US job helped him to reach 5cr. One thing to note here, the purpose of the channel should be to learn from others correctness and mistake. We can apply those in our finance and accelerate our financial independence journey. I believe, anyone doing it diligently will be guest of this channel in 10 years. btw, its not any gyan, just my thought :) .
'The best time to plant a tree is today'
The best time to start investing is today
The best time to plant a tree was yesterday. The second best time is today.
Wise words..!!!
Investing is the key. So you need to earn enough to save enough to invest enough to stay ahead of inflation and later live on interest, while always keeping the principle growing faster than inflation.
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.
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.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for advlsors and found someone with the highest qualifications. She has contributed to my reserve increasing from 275k to 850k despite inflation.
@@Joyce-is7kq Actually, I’ve actually been looking into that lately, the news I've been seeing in the market hasn't been so encouraging honestly. If you don't mind me asking who's the person guiding you?
MARGARET ELLEN WHITLOCK, seems to offer practical insights..
His grandfather worked in a kirana shop as a helper, he recalls it, so money doesn't come over night, financial discipline over a generation is important, if a father is not financially disciplined all his debts and expenses catchhold the son.. there are lucky people in this generation who just need to earn, take care of themselves and kids and save the remaining, can become a quick millionaire in 10 to 15yrs... Others need to be patience and consistently run for 20 to 25 years with financial discipline
So this guy was data engineer , working on some ETL tools. Got lucky to crack interview at snowflake in pune which pays him 1 cr with RSUs.
Nice corpus, I think 50cr by 50 is definitely achievable for this guy. Good luck!
I know him he is a Data engineer manager in snowflake, kudos bro for bringing him on wint wealth podcast
What were the soft skills and technical skills acquired in just 3 months for a jump from 35 lpa to 75 lpa?
😂
Very important question
Looks bit fluffy
Seriously! Nothing big can be learned in just 3 months. Something's missing.
No there are skills you can learn quickly . need 2- 3 books to read .Skills like Listen to others sharply , Read everyday, Learn how Corporate sales work , Improving atomic habits. .We don't need much time if you have 10 + years in IT. And you can see he is fluent in English. Soft skills are easy to learn if you have Right attitude.
too well read and too crisp in his answers, communication was very good by the guy....really felt good
He works with Snowflake. Met him at a snowflake conference. Key is to get a high paying job!
This channel is a game-changer for anyone looking to take control of their finances! The host's explanations are clear, concise, and easy to understand, making complex financial concepts accessible to everyone. The production quality is top-notch, and the topics are always relevant and up-to-date. I've learned so much from this channel and have already started implementing changes in my own financial life. Keep up the fantastic work!"
Ya phir yeh:
"I've been subscribed to this channel for a while now, and I must say it's one of the best finance channels on RUclips. The host's passion for personal finance is infectious, and their expertise is evident in every video. The channel covers a wide range of topics, from budgeting and saving to investing and retirement planning. The videos are engaging, informative, and always leave me feeling empowered to take charge of my financial future. Highly recommended!"
Challenge to #wintwealth @wintwealth. Find some one in mid 40s who never went out of India. Who is the only bread winner for family with current CTC of 20L. Who started investment in mid 35s with little amount of 5000 and has desire to retire rich with corpus of 30 Cr in mid 50s. How will he tackle such situation. With EMI, kids education no financial portfolio built earlier by dada and par dada. How will he or she generate wealth for next gen.
To generate 30 Cr from 35 to 55 (20 years) at 12% CAGR, you need 3L per month SIP. Given your guy is 40 year old and earning 20 LPA. He either needs to completely re-invent his skill set and get a better job or pray for lottery or inheritance
@@hardiksaxena5003 exactly my point. Chalo new skill set Sikh liya, job kaun dega! I am talking about practical experience.
@@PunnyGuy that's why this challenge is pointless. It's designed to fail. Not everyone will achieve financial freedom
@@PunnyGuy you are giving all condition and no escape route. Its bound to fail.
But you accept some exception then in my company a guy was getting 15 lakhs per annum and his age is 37. He did few course and executive mba in IIM.
Now his salary is 1.2 cr and age is 40 years.
@@ashisdash1976 Hmm quite interesting and good suggestion. I was upgrading and updating myself only in my field. Never thought of this option!! Good input. Thanks 🙏 stay blessed.
investing is important but amount you're investing is also important
if your salary is low first spend time on increasing it, when you touch ceiling for your experience then take investing seriously
7 crores net worth. Still he says he is not financially free...!
My salary is 50k per month, in which I invest 20k in mutual funds
Way to go brother!
what abt etf?
@@apar. What about it?
You are on the right path.. Happy investing.
@@narayanana6159 thanks bro,
I immediately loose interest when a "US return" comes on this show. Their journey can never be replicated by someone who is spending all life in India. So honestly not a useful video. Just watch and pass.
Yeah actually wint people also focussing on wrong audience, same as other youtubers
That is the only easy and sure shot way to make wealth, your savings become 5x
it was discussed in the video he would have in the same position, just without the house. It's still a handsome amount of money to be frank.
He was in usa only for 4 years! Which might have extra push but key is discipline and timeline to grow!
@nishant115me - It's not as straight as said in the video. I am sure that's not the only difference. But good that you found the video useful.
Freedom is more important for me than life style ❤
The best video and best person I have seen this channel. Most realistic and open
I think most of mutual fund day dreamers are in for a huge surprise : a) 20% return over long time is not practical, may be 10% will be usual norm. b) AI+ etc will disrupt tech jobs in a huge way. This guy is smart, he should be able to navigate easily.
It depends upon the category of mutual fund
Sometime i feel like not all stories on this channel is true
20%+ he is saying through mutual funds !!!! he must be one of the best investors , but actually a little difficult to believe...
unless he has put major chunk of his money post getting his 1 crore job and then investing is not the game changer but his extraordinary job is
Completely agree 😢.
Focus on the advice than reliability.
A washerman told his son that he is an Prince and they found him in the river in a box, and his Son believed it.. At 25 he claimed the state from king and was denied. Son fought and won and was made king.. in the end He was just a washerman's son who was destined to become King.
@@varunsethi5662 20% XIRR is not a big deal, especially given the recent bull run. I think you are confusing XIRR and CAGR.
Great list of questions by Mr Ajinkya.
But something doesnt add up. Investing since 14-16 years, Worked in the USA, currently draws approximately 1cr pa, but corpus is only 5CR.
Prior to his jump to 1 Cr, his income was ~35 lakhs. And tax slabs on income more than 50L usually touch ~35-40% because of additional surcharge.
Bull shit ... Buy properties and pay EMI instead of SIP. It sounds pathetic on paper !
But you can't get the security the property gives once your loan is cleared !
You see a physical thing which gives aa smile with proudness on face !
@INDYEAH I agree bro. Just completed the home loan for 1.2CR property. and I feel amazing at the age of 35.
Maths doesn't add up, seems some inheritance money is not being talked about. from 2010-2017, SIP was 5k, later it was 40k, very recently he changed to 2lacs. Repaid all loans, Has 2 shops as well.
@@tushargaba8467 maths always doesn't add up,
But we need to be practical and should have good memory power to remember the prices of lands houses flats 15- 20 years ago and what are the prices now and what will be the prices after 20 years decided everything ..
You see 1 Cr 2 Cr if you invest in SIP for 20 years with just 10k per month and it's looks wowww ..
But you can't buy the same house which is worth 1 Cr today after 20 years with your huge SIP lot ! Bcz money loses it's value but property value goes up !
On paper we can not prove it, but it is depends on choosing a good property if it is commercial property then nobody can stop you !
Your kids don't need to bother about your heart attack and you don't freaking need to pay platform charges,
Long term gain taxes and all stupid charges
what an amazingly genuine interview, I can corroborate this -my current mf portfolio is 2 cr and have invested 1.1 cr from 2014(avg 1 lac p.m.) .My XIRR over 10 years is 17.8% and I don't buy on dips...
Hi Sunil, that sounds quite inspiring. We'd love to talk to you & hear more. Do fill out this form if that sounds interesting: forms.gle/iuUgM7fyGTfUUiVE9
He reminds me of Subodh from Dil chahta hai....
Thank you Ajinkya for bringing this Mutual Fund success story. I have been finding MF Success Stories for long, and this is something which feels true. Dhanyawad once again
“Investing should be boring”. Key takeaway from this video. Real wealth is made through doing boring investments over and over and over. I have experienced it myself.
It’s very cleverest segregation of income into different categories… it’s a wonderful session… thanks for very informative discussion
You should also ask how they choose mutual funds
Numbers do not add up
20k sip for 14 years even with 20% return does not give more than 2cr corpus
There must be lumpsum investment of 1 to 2 cr from some other sources
Earlier we used to watch your video discussion in fresh terrace garden…Now it’s terribly missing…Pls bring back that ambiance.You are unique in that…
Freedom is more than lifestyle, bro you won me there
After watching this podcast, I went on to watch a video from Suits.
Then when I refreshed you tube, the short documentary that he mentioned in this video appeared on my YT home page.
Your salery sometimes reflects your personality. Only hardword is not sufficient. Many youngster think that IT guys make money. But there is combination of soft skill, can do attitude and great communication. Aspect that is missing from many candidates in market. Many just take a job and go in comfort zone. This guy is a perfect example of a someone who never went overboard with expenses, planned, got the opportunity to learn further and took it.
Nice podcast..short and to the point..not boring like the long ones..like this format.. and very nice questions asked and nicely answered too..
We want video on commercial real estate ......................
Please bring a person who owns commercial real estate ................................
Or
Make a video on commercial real estate investing ..........................
❤❤❤❤
This is solid investment advice-exactly how I approach it. However, I prefer investing in SPY or VOO over mutual funds. While these may offer lower returns, I believe in not paying for anyone to manage my money as in long term this makes a lot of difference, the increasing dollar value (up over 18% in the last 5 years), combined with India's 7-9% inflation and higher long-term capital gains taxes, supports my strategy. Overall, it's a great video. His advice may be boring, but that's exactly what investment should be-set it and forget it. The fact that he has consistently followed this strategy for the past 14 years is what sets him apart.
Please elaborate on SPY & VOO
@@KaranC17 just your basic S&P500 index fund of USA that invests in top 500 companies of USA. It’s comparable to India’s Nifty50 / Nifty500
Such a level of planning and discipline at that early age is too good.
Inspiring story 👌 I am just behind you buddy 👍
I feel we should have a balance between investment and present lifestyle goals. Investment is kinda FOMO going out among watchers right now. I would say it worthy to live present and invest a mindful amount for future. Finding perfect balance between both is the key, over investing and killing your current lifestyle might give your regrets in your older age and vice versa, if you spend lot today and don't invest a mindful amount for future may result in insecure future.
Very nice video again from Wint, guest given good idea to growth for finance in life.
Good learning for everyone 👍
Thank You Very Much 🙏
I’m watching this video, and wow, thanks to the Wint Wealth team! He has such clarity about his financial goals, and he’s very calm. It’s really great to see people like him at this age. My goals and thought process are quite similar to his, so I can easily relate. Once again, thank you to the Wint Wealth team for bringing such valuable content to this platform.
Please suggest to me if there is a podcast in your channel with a doctor who has achieved such financial goals .
Going USA ,UK and middle east ...thats reason .....i am not in the game now😢
Same with all interview , only with money u can make money that its, go out of India or have salary package of 30lakh on first job to have these kind of of portfolio..
Another great story but it doesn't unveils completely it seems his income has contributed much for him in recent years. Else if you see an ancestral property along with his own is what you can see most of middle income household who did well. However impressed with his perseverance.
For a non IT Bharat this story is only for quarter of his wealth.
A thrill can only be experienced with a sudden adrenaline rush. A delta rise in income turns out many things though.
One thing he rightly pointed out and that was the knowledge and information which he had and is lacking in many cases.
Jisko koi batanewala nai hota uska wint stories hota hai😊
Thank-you wint for bringing such learnings.
5cr ke portfolio k baad bhi if you cant spend pennies on things that make you happy(Car 25Lacs), then what are you saving for? , just see the numbers in your bank multiply every 10 years and be happy with that piece of paper.
moral of the story :
1) it does not matter how much you make, start ur first sip the moment u joined ur job
2) never miss ur sip. : )
3) don't do options trading ofc option buying😆
I really appreciate it. It's given a message to youngsters start investing to early and consistent.
I like the word "freedom is more important than the lifestyle."😊
The entire video is very interesting and inspiring. Thank you! Wint Wealth.
But what kind of Net Worth calculation is this person presenting to the audience? Whereby he is keeping two commercial real estate properties and self occupied property outside the Net Worth calculation?
Clearly he doesn't know the basic principles of calculating the Net worth.
at 4.40, he said 8 LPA, but he said in hand salary was 72k, how is it possible bro?
800000/12= 66666.66 and he is getting in hand salary was 72000, may be he is Srinivasa Ramanujan Maths Genius.
That 8 LPA also with out tax, great bro. at exact 4.40, I closed this video.
hello sir can you please share your views on blockchain technology?
I want to become a blockchain developer so it's a future of this field is bright??
Very pertinent questions asked by the host. Liked the episode 👍🏻
Bhabhi ghar pe baithi honge rooth ke when he said Daughter and Money are priority in life 😂
It would be great if he can share soft skills he learnt to upskill
Kudos to Rahul Jain
Very good interview and quite an inspiring journey!
"Make investment boring" 👍 got it
You and I share almost the same things except US opportunity. I stand at 3Cr
I like these kind of videos as these guys are comparable to us , not filthy rich with a silver spoon. Gives me motivation that I can also reach there rather than videos of Bill gates or Nadella.
Buying home is good. Invest in equity thats not a problem .
Excellent interview.. Too good
Good knowledge.
This kinda saddens me, I mean I get it why its good to live frugally, but in my opinion what's the point of having these assets if you have to compromise on buying a new car/watch/ upgrading your lifestyle etc. We all have dreams and ambitions right that we think we'll fulfil once we acquire a certain amt. of wealth ? What's your take?
Investing should be boring , very true
Software guys can earn huge whereas hardcore Engg guys earn in peanuts
Wait till you meet Indian Doctors.
But nobody stops anyone from learning new skills and diversifying.
Hi Rahul, how to reach you out?
This is either bluff or incomplete information.
This can only be true if his wife is also working and his complete salary goes into savings.
Superb podcast
Such a Great talk ❤🙌
Highly inspiring ❤
This man's discipline is commendable and agree the partner has to be on board as well. but I disagree on being so frugal. What is the point of all the money pile
Yesterday I was watching my daughter run around making a havoc at home I was happy with the investments I was making for her..today she is admitted with high fever..I am thinking what is the point of the MF investments I had...life is so unpredictable..take your kids to Disneyland enjoy money than focusing so much on buying freedom
Earned 1 cr within 2 yrs just by staying in india at the ageof 31 .
Congratulations
Most of NW is by US trip and recent CTC hike which he says he got referral through his friend , no point in bragging about 14 years sip journey, when you reach half of NW in 3 years
Very Informative.
Glad you liked it
The moment he said US ... I am out.
Car is a depreciating asset and if it's sufficiently well equipped one need not splurge on new models for style quotient.
Great content Team @Wint Wealth
8 LPA k package par hamare bhai 72000 salary mil rhi thi, ....kaise hi bhai?
Dear wint team, if this was a mistake thats fine, I am regularly watching ur videos, if u r making some fake content then please stop.
16 years of ITs from small company to mnc i am able to save 1 cr . 60 lacs in vpf , 20 lacs in fixed deposit and 20 equity market. i am single earning person in my family . Here its very difficult to save money due to taxation and inflation. can any one suggest me which best way invest in gold. from 2010 to 2020 i have allocated all basic salary into vpf. 2010 i got a salary 45k out of 11k move to vpf. after 2020 i have reduced to 40% i. e only investing 15k month. started sip monthly 12 k from 2021 .
Hey, would you like to share your journey with us? If this sounds interesting do fill out this form and we'll get in touch with you: forms.gle/iuUgM7fyGTfUUiVE9
You are real chad.. earning 5lakh per year completely tax free from PF 😊
Possibility that its because of lifestyle
Feedback: Please don't include the annoying notification sound in the video.
Firse seedhi si baat, India k bahar jao and paisa bacha k laao
I see this pattern in last 4-5 videos, someone going out to Dubai or US and saves 2-3 lacs per month and then comes back and tells I made this money in India.
Everyone crorepati from SIP are from IT sector with lakhs in CTC .. no common man earn from SIP to...
Did engineering from Oriental Institute of Science and Technology (OIST) Bhopal
Pls help comment which all soft skills and tech skills which can be attained in 3 to 4 months pls explain this would really help
What are the skills your friend taught for such a good salary hike? Will be helpful for many.
THOSE TINY BUBBLE MUSIC IS SUPER IRRITATING WHILE LISTENING GUESTS. DONT ADD THOSE SOUND EFFECTS PLS.
It’s not best to drive a hatch back and save crores.. your life is also important, get a 5* safety car preferable SUV and live the present than waiting to retire rich.
Hatch backs can be 5 star rated too you know
Please can you share your Friends name and Skills he suggested to learn
Can the speaker suggest what skills he learnt/upgraded to make the large switch in salary to 1CR? He referred to a friend's example where the friend was able to jump from 35l to 75l by upskilling himself, and he probably did something similar too. Curious about what that was, and how did he go about doing so?
Two major shifts one needs
1. Mindset - You have to believe and manifest it’s possible in India and strong reason why you are aspiring for that exponential growth
2. Skillset - Find oh how your role contributes to generating revenue for the company?
For tech roles master below skills
1. System design at scale
2. Any one programming language
3. Communication and articulation
4. Personal branding (X factor)
I am from Bhopal same college. And still cant relate. Seems dots are missing
"only generating 16-18% to reach 50Cr by 50" 🤦
This is actually valid. He would make 42 Cr at 16% in 5 years even if stops after 45. Considering that he would have larger amount for SIP to contribute, it's achievable.
By return of 15 percent you can double your investment every 5 years
So he has 5 at 36, 10at 41 , 20 by 46. And 40 by 51
Even if stop in future Sip's
So yes he ll make 50 easily