Retirement can be really good depending on how it pans out. The financial market is picking up pace right now and would be beneficial to *RETIREES* but I still think investors should be careful at this time. I’m a newbie in this space, so I’m open to hearing other investors’ take on this.
I think the market is likely at its best now, but I still believe having a financial advisor is crucial to navigate the market and moderate your risk especially if you’re planning for retirement. Their expertise can really help you make informed decisions.
Agreed, I’ve always delegated my finances to an advisor, since suffering major portfolio loss early 2022. I’m now semi-retired and only work 8-9 hours a week with barely 20% short of my $1.5M retirement goal.
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it hasn’t worked out. Can you recommend a standard advisor? I could really use some lead way.
My CFA, *Joseph Nick Cahill* is a renowned figure in his field. I recommend searching his name online; you’ll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
Thank you for this Tip. It was easy to find your coach. Did my due diligence on him before scheduling a phone call. He seems very proficient, extremely professional and reliable.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family..
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
@@NaufalKnoechel Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* ..
@MithunDhar88 nt a bhakt of Amit jain. But it seems u hate Marwari. Kyuki garib ho na unse. Humlog jitna aukat hai nhi. Bengalis macher jhol are always jealous of us. I know earning a few bucks are enough for u Bengalis🤣
@@MithunDhar88 nt a bhakt of Amit jain. But it seems u hate Marwari. I know Tera aukat humlog se niche hi hai so jealous hona banta hai. Tera jitna family networth hai usse jyada we spend on our wedding 🤣🤣🤣. Jealous kid
we are not slaves to work for our entire life ...... people who retire early they do know what they want to do but this guy talking in general if he does not know what he does after his retirement that is his problem.
If a person really knows what to do then he or she will decide not be a slave since very first day itself He will not get into this rate race of high packages . He will choose wisely He will not get fascinated by the attraction of coroporate life and endless game of societal reputation He will measure each aspect not only the financial one Those who cry fire fire should first and foremost accept that they are salve and Only they are responsible for this slavery. Those who have daring and clarity don't wait till 45 or 46 They don't waste their entire youth .
The point is after retiring one should do something meaningful, else you lose respect in eyes of your friends and family. In the retired life the only thing that matters is Importance and Value that others give to you. Check the life of any old age pensioners and you will feel this.
FIRE does not mean to sit and watch netflix Some people want to build few things but they don't get time from regular chores A normal person who comes from poor family has lot of other responsibilities They complete those responsibilities mostly by 45 so by the time if they plan to have good saving for FIRE So after 45 with the handling all responsibilities He/She can take risk and build something for themselves FIRE's actually meaning is not understood
Actually the bottom line is, an entrepreneur or a business owner will never think of retiring early as he is working for himself and his venture. Retiring early is mostly for employees who are working for other people's dreams. Why will a person be motivated to slog their ass for others especially when their needs are fulfilled by FIRE. The corporate world is become so cruel and toxic that it is not feasible for any normal person to have a satisfying life. No work pife balance, normalising long working hours, toxic bosses and colleagues, its best to retire early. Dear Alok, not everyone is a entrepreneur and business owner.
@ i agree on the confidence part , but there is a difference between being arrogant and confident , Retirement is for looser , I doubt u understand retirement , Some people have made enough that will last not only there lifetime but for their kids as well and now all they want is be with their kids, take them to school , pick them up , watching cartoons with them , spend time with old parents, enjoy vacations with spouse , its sad you see them as losers , money is no longer a motivation for them but lyf is , some people are driven by just money so they will think other people are looser but its just POV
He was against bitcoin for 5 yrs … he is not a qualified wealth manager ! Some people are so poor that all they think about is only about money ! It’s stupidity to say what will you do after FIRE .. how will you spend day etc ? That’s why one should have hobbies, interests and should know purpose of life ! He needs to read Geeta !
Stop asking relevant question. 😁 This guy is clueless. He wants us to work forever even after FI. The guy should really wake up and smell the coffee. Else he will keep working till he dies. Poor guy.
I am 44. I know what I will do when I retire. Every person is different. I am married but have no children. I am very passionate about playing cricket. I usually play 14 odi matches and about 10 T20 matches and do nets 2 times a week. I do this from May till September every year and have been doing this for past 11 years. My club has an “old boys” team who have players in their 60s and even 70s. I live in Europe and close family in UK, mainland Europe and US so I will also travel to see them. I will also travel to see cricket matches. Then there is maintainance of my villa and gardening etc. lots to do. Of course going to the Gym for weight & resistance training. I love reading too and yeah coffee!! My Pension starts at age 64 so I will get a very good one (more than my current annual salary adjusted for inflation). So I don’t need to work beyond 64
Exactly. This guy would rather want people to remain perpetual Corporate slave chasing insane amount of money that they cannot spend in this lifetime, rather than be limited in their spending and achieve freedom from the corporate ratrace at an early age. So sad to look at this guy. He will keep being a slave forever and will never understand true freedom, chasing fictitious numbers in his bank account that he won't be using in this lifetime. Such a waste of life!! Poor guy.
Seriously, was 5 crore in 1999 not enough? My Dad retired in 2007 with a corpus below 30L, and they are leading good lives with the FD/Sen Citizen scheme.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
If u are in your forties, probably we have another 24 -25 years to live and due to the toxic work culture we have around today most of us will end up with serious ailments at least for the last 10 years of our lives which means we have only 10-15 years to live a healthy life so if you are financially independent it’s a must to go in for FIRE rather than work
True brother... Private corporate sector in India is mostly like a killing machine... Most colleagues in 40s have some serious chronic condition.. diabetes, coronary diseases etc... Get out asap...
It’s funny how people blindly rubbish something which they don’t subscribe to. Typical Indian mindset of ‘bas hum hi hum hai, baaki sab paani kam hai’ 😂
Alok comes across as overly confident. While I picked up a couple of useful ideas from the interview, his overassertive tone and assumptions make me question whether his ideas will actually hold up.
I live in a Tier 2 city. On buying a house, my father bought a flat that costed him 1.5 Lakhs in 1989, with the Home loan, he ended up paying 4 Lakhs+, not to mention cost of repairs etc. Today, the market price of that flat is barely 30 Lakhs, that is roughly 8 times in 25 years. While the BSE index has gone from 1000 to 79000 in the same period. I did the opposite, I rented 2 BHK flats, spent Rs. 45 Lakhs in rent over 25 years, invested similar amount in mutual funds, today, I have a corpus of 3 crores and I live in a rented independent duplex home with an option to buy it for 2 crores. So, in my opinion, do not buy a flat early, there is simply no advantage in that, independent home with the plot could make sense. That has been my experience.
His talks shit about mutual fund managers and his personal cagr is less than 20% since 2/3 decades He talks shit about bitcoin too .. he speaks with half knowledge always
You are right, it starts without an introduction. Some content creators forget this. He is Alok Jain of Weekend investing. They run several small case portfolios. He is a good guy and a seasoned investor.
This is my fifth year after retirement. I’ve been following the 4% rule thing I saw on a RUclips channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.
Not a lot of people are able to save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.
I’m closing in on retirement, too, and I have benefitted so much from using a financial advisor. I didn’t start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who had been investing for many years.
I like the views of Alok Jain a lot. And i regularly follow him on weekend Investing but here he has been extremely unrealistic. If 5 cr is not enough in 1999 then nothing will be enough in life.
If your monthly expense is ₹50, 000, a early retirement corpus of ₹5 Cr is enough for him even in 2024-25. This Alok guy is totally clueless about what he is talking about.
It is always good to impart knowledge to your viewers Mr. Alok Jain, appreciate your thought process. But just don't debunk any theory including FIRE as for losers. you are just discounting something that you don't understand. Please read about the FIRE movement rather than saying that people will retire early and watch netflix. If you say retiring early is for losers, I would say working until your last day is slave mentality. Ideally, you should be living well until your last day, not working.
People get confused early retirement with the traditional retirement. Early retirement is the retirement from the work you don’t like and get into the passion profession for the better work life balance.
Then why to get into such a job which you don't like at the first place itself And the kind of life one led for 20 years would offer him many disease By the time he turns 40 45 So what kind of passion is this that you are talking of. A person who has clarity in life first of all will not fall into this trap
@17:57 "5cr not enough in 1999" even if someone invests 50% (2.5 cr) in index will have more than 35Cr. today, and @17:22 he says 10 cr is enough 🤔Need more explanation...
the idea he is trying to convey is that one will always need to grow their corpus otherwise what looks like a great networth to retire now ,will not be 20-30 years down the line.here, 5 cr in 1999 which does not grow will be bad after a few decades but 10 cr net worth now which gives sufficient returns ie beats inflation,taxation and also pays for your yearly expenses is good.
This guy is an annoying blabber-mouth. What is wrong with being content, and spending quality time with family? If you are not content, then you don't know how to live, you will always be running behind artificial goals. He is wrong about housing vs renting also. And about real estate always beating inflation.
I know how much is enough for me & how much I need. How can someone else know how much I need & how much is not enough for me. Everyone entitled to their opinion and Opinions are subjective. My opinion is that pursuit of peace truly happen only after we stop pursuing money.
Wakeing up everyday for a purpose is important, may it be for working for others or for self business, or maintaining a hobby and working over it or for any other social cause. Daily Discipline is needed , following the watch is necessary, we have experienced in covid lockdown what no job life looks like.. Manage ur day in such a way that it dosent kills u and drags ur thoughts towards retirement ie doing nothing. "If u don't use u loose" So stay active till the last breath. Use ur brain and body else u loose
He said 5 CR in 1999 is not enough, if he compound that money by 12 % then it would be 80 CR+ Today, not sure what he is talking about. Early retirement means financial freedom, coming out of rat race. no one is going to seat idle at home.
Mr Alok, Today even the folks from IITs and IIMs are not having that impactful jobs, no work life balance. Unless on starts their business it makes sense, but in today's scenario one cannot have a corporate job for a long duration.
1 cr/annum salary in early 2000 , how he will know what kind of hardships the person with a salary of 15L/annum is facing. He is one among top management, thus he don't know abt hardships of lower hierarchy
If you have enough money to survive for 25 years (like MF, stocks, pension, FD, Property etc) you can plan for early retirement. We don’t live for ever..so when you have good health and enough backup then you plan early retirement and enjoy your rest of your life…there is no point leaving your earnings behind when you die..the typical Indian mentality is work until you die (even though you have good financial backup)
True. My cousin retired early, now he is getting treated like an unemployed in his house😂. He has to pickup and drop children to school, do House hold chores. Unable to travel and do his passion
People have limited time, not to be wasted in working. Only losers work in perpetuity. What a waste of life that is. This guy himself is a perpetual slave, still working now at old age. Hence he wants youngsters to be slaves to corporate as well. Foolish guy.
Fire doesn't work. The biggest reason is stock market mostly gives return equal to gdp growth + inflation. So over a period of time you get lifestyle improvement. In 20-30 years back everyone had cycle. Now everyone has a scooter or a motorcycle. In another decade everyone will have a car .
Kya karlega bhai tu , Ambani ban jayega at the year 55yrs, pesa kam ne ke chakr main kit ne log ka dil dukhaya hoga, kya milega tujhe, pesa hai to Shanti se rest le na.
Why there is so much fear in him! Everyone ages, everyone retires. But nobody has crores with them. And they all did just fine. I think all these people have one objective -make people invest everything they have. Ultimately by this activity, someone is also receiving this money. And whole game is about this only.
16:50 This guy is talking out of his hat. In US, around 50 & 10 million $ corpus for retirement & 4% withdrawal? That is 400k p.a. life style only the top 0.5% of the population can get this... majority are living happily with 50K USD per year which puts the corpus at 1.25 Million $ @AlokJain has to be FIRED first for poor comprehension...!!
The purpose of retirement is to try something of your own-to silence society/to fill the hole in your soul/on solid advice from fin gurus-burn through all your savings in than venture, and then rejoin the workforce...this time with gratitude.
6:00 चाचा जो बात बात बोल रहे हो उसी को FIRE कहते हैं सही में। FIRE का मतलब घर बैठ कर सारा दिन टीवी देखना नहीं होता। क्या बता रहे हो पब्लिक को, कोई भी 4 पैसे क्या कमा लेता है कुछ भी बोलने लग जाता है।
Has he ever read any FIRE literature or is he just shooting his mouth off? I suggest read up a little on various FIRE strategies. If you wish to then debunk them do that systematically and not by waive of a hand.
What bullshit! Retiring early is not about loosing or winning but about getting the freedom to do what u love irrespective of having financial worries.
All his fundas seem so very wrong...why should a person buy a home to be disciplined.. you can setup a sip for same amount and continue to grow your wealth..also gold is such a bad investment why would you knowingly invest in gold over equity..
I'm all in for mixed use of Hindi and English to maximise your audience but the verbiage used could be a little more formal and professional. Starting a video with 'internet bhara pada hai' doesn't sound very serious.
These types of people are self-styled genius, and start preaching others. Watching these types of channels and listening these types of people a complete waste of time.🙂
This conversation is for not many people. 20L to 10Cr analogy is not clear, extrapolating, then, 100Cr wont be sufficient. Author appears back on greed through dissatisfaction, possibly.
I think what he meant is, at 1999 he thought 5Cr as a good target - doesn’t mean he had that money then. In fact he says that he had made first Cr around age 31, which is around 1999/2000. Yes, 5Cr at 1999 is equal to 160+ Cr now. Which is as good as him saying 160cr as future target now, pretty high amount- this part only shows he is aiming high, may be very high as per some of us.
Finally someone says it. Retire when you can work is most absurd idea of all time. I think if you take a month vacation/sabbatical you will really want to go back to work.
Who says retirement means not working? It means retiring from slavery. Unfortunately some people can think only through the prism of money that would be left for you at any point of time.
He is genuine guy, maximum people commenting nagetive because they are confirmation biased and have limited knowledge about real life finance. They all have learnt Personal Finance from Ankur Wariko
Mentos khao apni akal lagao. Fire system doesn't say you sit idle. You continue to persue your works which you like. Less stressful life. Saving and investing money is the only truth. Fire will automatically teach you minimalism.
typical Indian adviser, client ko retire hona hai par adviser inna gyan de dega ki na client start hi nhi karta hai and advisor kuch help kar nhi pata. If one really wants to retire show them a way ,that as per calculation Rs XX Cr is needed. if this can be achieved you can consider retiring na ki client ko hi gyan de dena ki LOSER RETIRE EARLY.
Each fold doubles the paper's thickness, so after 42 sucg folds, it would theoretically reach a thickness greater than average distance between earth and moon.
I THINK EVERYONE HAS PRIORITIES. IF YOU THINK YOU HAVE MADE ENOUGH MONEY TO SUSTAIN UR LIFE AND FAMILY....THEN THERE IS NOTHING WRONG IN RETIRING....WHAT THEY DO IS THEIR BUSINESS....BUT LABELLING SONEONE AS LOSER JUST BECAUSE IT DOESNT SATISFY UR MENTALITY THATS NOT OK
Hhe is talking sense, but inadvertently his way of putting it has leas to misunderstood, he should have started by defining what is retirment, my understandingg of his interpretatin is to wholy depend on passive income is retirment
what a load of bullocks !!! I did retire at 49 ... started to plan since 32 ... and you cant still do the likes while you work as the speaker says , at least for 90% of them. You are hired and they own you. Those who work till they need a crutches are the losers. Retire and live your life the way you want it, spend more time with your family , friends ... they are the winners . Losers are the ones who live as slave to the job contract. period.
Every one has its own opinion.Calling someone looser based out of their own opinion shows that host is not matured enough. People should avoid labeling others just because they are on hot seat. Sorry couldn’t listen this conversation.
No worries, you become a winner of the rat race by retiring at 95 , Who cares ? I am happy to be a loser ( according to you ) by retiring at 45 😂😂most confused podcast ever
It depends on each individual, There are few ppl like him who can take pressure and keep moving forward. I dunno when guys like him will enjoy life!!!! Ppl like him are stuck in rat race and they call successful themselves.....Legends are those who make money and retire early and live Happily!!!😂
Phenomenal guy, I'm 22, I've got the exact same mindset as his, just except the diversification part, I personally think diversification is overrated and spot on with the retirement part, these FIRE guys should indeed be FIRED😂.
Retirement can be really good depending on how it pans out. The financial market is picking up pace right now and would be beneficial to *RETIREES* but I still think investors should be careful at this time. I’m a newbie in this space, so I’m open to hearing other investors’ take on this.
I think the market is likely at its best now, but I still believe having a financial advisor is crucial to navigate the market and moderate your risk especially if you’re planning for retirement. Their expertise can really help you make informed decisions.
Agreed, I’ve always delegated my finances to an advisor, since suffering major portfolio loss early 2022. I’m now semi-retired and only work 8-9 hours a week with barely 20% short of my $1.5M retirement goal.
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it hasn’t worked out. Can you recommend a standard advisor? I could really use some lead way.
My CFA, *Joseph Nick Cahill* is a renowned figure in his field. I recommend searching his name online; you’ll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
Thank you for this Tip. It was easy to find your coach. Did my due diligence on him before scheduling a phone call. He seems very proficient, extremely professional and reliable.
Many people who think FIRE are not looser, they know meaning of enough.
Absolutely man of sick mentality. He can continue to work even when he is needing bedpan due to old age.
Exactly! I would rather have a plan to FIRE than none at all...
This guy who is in the interview is a looser..he don’t have a work life balance
I lost money in his weekend investing smallcase, he is not that talented
Agreed, want to live more , then retire early. You have to define how much is enough for you.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family..
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
@@NaufalKnoechel Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* ..
@@EliaszPass Oh please I’d love that. Thanks!
@@NaufalKnoechel *MARGARET MOLLI ALVEY*
Lookup with her name on the webpage.
Why is anchor always making mchh mchhh noise... So irritating
Yes.Very annoying 🙄
Because anchor doesn't have anything meaningful to add
Haa lekin cute hai vo
Thought of a typical Marwari. Just because you don’t like the concept, it doesn’t mean everyone should ignore that
Hello Bengali Manush. People who are poor usually don't like marwari. First stop crying and earn money
@MithunDhar88 nt a bhakt of Amit jain. But it seems u hate Marwari. Kyuki garib ho na unse. Humlog jitna aukat hai nhi. Bengalis macher jhol are always jealous of us. I know earning a few bucks are enough for u Bengalis🤣
@@MithunDhar88 nt a bhakt of Amit jain. But it seems u hate Marwari. I know Tera aukat humlog se niche hi hai so jealous hona banta hai. Tera jitna family networth hai usse jyada we spend on our wedding 🤣🤣🤣. Jealous kid
@@visheshmittal5651koun mana kie chutio. Maha chutio ho Tum bhai… bas paisa.. gaar mei daal le
we are not slaves to work for our entire life ...... people who retire early they do know what they want to do but this guy talking in general if he does not know what he does after his retirement that is his problem.
If a person really knows what to do then he or she will decide not be a slave since very first day itself
He will not get into this rate race of high packages . He will choose wisely
He will not get fascinated by the attraction of coroporate life and endless game of societal reputation
He will measure each aspect not only the financial one
Those who cry fire fire should first and foremost accept that they are salve and
Only they are responsible for this slavery.
Those who have daring and clarity don't wait till 45 or 46
They don't waste their entire youth .
@@modellocomotiveworks2215Perfect
He thinks he know everything
The point is after retiring one should do something meaningful, else you lose respect in eyes of your friends and family. In the retired life the only thing that matters is Importance and Value that others give to you. Check the life of any old age pensioners and you will feel this.
Host.......change habit of acknowledgment........its irritating
Rest discussion is good
😂😂😂
Agree
Yesss.. really irritating
Yes...edit that sound
Irritating
FIRE does not mean to sit and watch netflix
Some people want to build few things but they don't get time from regular chores
A normal person who comes from poor family has lot of other responsibilities
They complete those responsibilities mostly by 45 so by the time if they plan to have good saving for FIRE
So after 45 with the handling all responsibilities He/She can take risk and build something for themselves
FIRE's actually meaning is not understood
Only Mentally Challenged Think like this man😂😂😂
Completely agree. Give some respect to these type of people and they start acting like god. Hum hi hum hi baki pani kam hai.
How the hell 5 crore in 1999 was not enough?
Lifestyle 🙌
It's all about mindset.
He is from IIT.
Mere liye to 5cr is enough for this time also
He meant 5 cr target for retirement later
He want mcap like networth.....
How is this possible
Actually the bottom line is, an entrepreneur or a business owner will never think of retiring early as he is working for himself and his venture.
Retiring early is mostly for employees who are working for other people's dreams. Why will a person be motivated to slog their ass for others especially when their needs are fulfilled by FIRE.
The corporate world is become so cruel and toxic that it is not feasible for any normal person to have a satisfying life. No work pife balance, normalising long working hours, toxic bosses and colleagues, its best to retire early.
Dear Alok, not everyone is a entrepreneur and business owner.
He doesn’t know what he is saying. Please don’t get such people who have a one track mind.
I agree , he is dull delusional , He thinks only his products are best for investment rest all are crap
@@Hindustanibahubali usko confidence kehte hain. Unless you have that you dont get anywhere.
@ i agree on the confidence part , but there is a difference between being arrogant and confident , Retirement is for looser , I doubt u understand retirement ,
Some people have made enough that will last not only there lifetime but for their kids as well and now all they want is be with their kids, take them to school , pick them up , watching cartoons with them , spend time with old parents, enjoy vacations with spouse , its sad you see them as losers , money is no longer a motivation for them but lyf is , some people are driven by just money so they will think other people are looser but its just POV
@@AlokJain 😂 Kuch bhi
He was against bitcoin for 5 yrs … he is not a qualified wealth manager !
Some people are so poor that all they think about is only about money ! It’s stupidity to say what will you do after FIRE .. how will you spend day etc ?
That’s why one should have hobbies, interests and should know purpose of life !
He needs to read Geeta !
Having 1 cr in 1999 , i would have felt like a king in this world!!! Jain Baniyas are really hidden damn rich people .
Then why do you retire at even 60. 30 years of post retirement life, world wars can happen.
Stop asking relevant question. 😁
This guy is clueless. He wants us to work forever even after FI. The guy should really wake up and smell the coffee. Else he will keep working till he dies. Poor guy.
😅
I am 44. I know what I will do when I retire. Every person is different. I am married but have no children.
I am very passionate about playing cricket. I usually play 14 odi matches and about 10 T20 matches and do nets 2 times a week. I do this from May till September every year and have been doing this for past 11 years. My club has an “old boys” team who have players in their 60s and even 70s. I live in Europe and close family in UK, mainland Europe and US so I will also travel to see them. I will also travel to see cricket matches. Then there is maintainance of my villa and gardening etc. lots to do. Of course going to the Gym for weight & resistance training. I love reading too and yeah coffee!!
My Pension starts at age 64 so I will get a very good one (more than my current annual salary adjusted for inflation). So I don’t need to work beyond 64
5 crore me if your life is hell in 2024, then it's a you problem. It's way more than enough even if you spend 1.5 lakhs per month.
As per his logic of 2% and expenses of 20 lacs it is falling short.
Exactly. This guy would rather want people to remain perpetual Corporate slave chasing insane amount of money that they cannot spend in this lifetime, rather than be limited in their spending and achieve freedom from the corporate ratrace at an early age.
So sad to look at this guy. He will keep being a slave forever and will never understand true freedom, chasing fictitious numbers in his bank account that he won't be using in this lifetime.
Such a waste of life!! Poor guy.
Seriously, was 5 crore in 1999 not enough? My Dad retired in 2007 with a corpus below 30L, and they are leading good lives with the FD/Sen Citizen scheme.
Ignore this guy, he has no clue what he is talking about.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
If u are in your forties, probably we have another 24 -25 years to live and due to the toxic work culture we have around today most of us will end up with serious ailments at least for the last 10 years of our lives which means we have only 10-15 years to live a healthy life so if you are financially independent it’s a must to go in for FIRE rather than work
True brother...
Private corporate sector in India is mostly like a killing machine...
Most colleagues in 40s have some serious chronic condition.. diabetes, coronary diseases etc...
Get out asap...
Its exactly managers like him who makes employees working under him hell, Arrogance at its best.
It’s funny how people blindly rubbish something which they don’t subscribe to. Typical Indian mindset of ‘bas hum hi hum hai, baaki sab paani kam hai’ 😂
Host cha cha 😂😂reaction, when fire is wrong he told , Im feeling the pain by cha cha😂
Alok comes across as overly confident. While I picked up a couple of useful ideas from the interview, his overassertive tone and assumptions make me question whether his ideas will actually hold up.
First time confidence is making someone lose confidence..hahhaa
How can someone state that not retiring is best way to go. Need to widen the view.
I want to be that loser. This rat race is shitshow.
Some people think work is life. Retirement doesn't mean Netflix and chill. Too many assumptions by the guest.
@AnkitVerma-nf3wv Exactly 💯
@codedusting correct bro... lets embrace being a failure
I live in a Tier 2 city. On buying a house, my father bought a flat that costed him 1.5 Lakhs in 1989, with the Home loan, he ended up paying 4 Lakhs+, not to mention cost of repairs etc. Today, the market price of that flat is barely 30 Lakhs, that is roughly 8 times in 25 years. While the BSE index has gone from 1000 to 79000 in the same period. I did the opposite, I rented 2 BHK flats, spent Rs. 45 Lakhs in rent over 25 years, invested similar amount in mutual funds, today, I have a corpus of 3 crores and I live in a rented independent duplex home with an option to buy it for 2 crores.
So, in my opinion, do not buy a flat early, there is simply no advantage in that, independent home with the plot could make sense. That has been my experience.
Can u introduce your guest first ? Who is this guy ? Some random weekend investor u bring to ur show and this guy is so arrogant…
Bhai is a well known investor.
His talks shit about mutual fund managers and his personal cagr is less than 20% since 2/3 decades
He talks shit about bitcoin too .. he speaks with half knowledge always
You are right, it starts without an introduction. Some content creators forget this.
He is Alok Jain of Weekend investing. They run several small case portfolios. He is a good guy and a seasoned investor.
@@technow1992I invested in his smallcase and lost money
Now I am happy with mutual funds.
This is my fifth year after retirement. I’ve been following the 4% rule thing I saw on a RUclips channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.
Not a lot of people are able to save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.
I’m closing in on retirement, too, and I have benefitted so much from using a financial advisor. I didn’t start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who had been investing for many years.
@@sloanmarriott5 That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
My CFA Izella Annette Anderson a renowned figure in her line of work. I recommend researching her credentials further.
Thank you for this amazing tip. I just looked the name up and wrote her.
I like the views of Alok Jain a lot. And i regularly follow him on weekend Investing but here he has been extremely unrealistic. If 5 cr is not enough in 1999 then nothing will be enough in life.
If your monthly expense is ₹50, 000, a early retirement corpus of ₹5 Cr is enough for him even in 2024-25.
This Alok guy is totally clueless about what he is talking about.
The content is good but in the middle mam say pach pach so disturbing
Correct please
Very practical, Greed for money never stops!! Goal post keep changing, change is constant! 👍
As it's well said, "change is the only constant"💫
Please stop uch uch in the middle dear host, it’s irritating
But gorgeous
@@Arifkhan-sl8fe got your priorities right bro😂🤘
@@rajarshibhattacharya5192
🥰🥰🥰
Gaon ki ladki / laundi 😂
R u blind @@Arifkhan-sl8fe
People work when they just like it… we can’t waste our life just to work which we don’t love… Meaningful life is possible only for people with FIRE 🔥
It is always good to impart knowledge to your viewers Mr. Alok Jain, appreciate your thought process. But just don't debunk any theory including FIRE as for losers. you are just discounting something that you don't understand. Please read about the FIRE movement rather than saying that people will retire early and watch netflix. If you say retiring early is for losers, I would say working until your last day is slave mentality. Ideally, you should be living well until your last day, not working.
People get confused early retirement with the traditional retirement. Early retirement is the retirement from the work you don’t like and get into the passion profession for the better work life balance.
Then why to get into such a job which you don't like at the first place itself
And the kind of life one led for 20 years would offer him many disease
By the time he turns 40 45
So what kind of passion is this that you are talking of.
A person who has clarity in life first of all will not fall into this trap
Great advice for retirement.👌👍🌿
Do NOT forget to check out more such informative episodes😊
Correctly Saying.
1. Equity
2. Gold
3.Real Estate.
🎉🎉🎉🎉🎉🎉
@17:57 "5cr not enough in 1999" even if someone invests 50% (2.5 cr) in index will have more than 35Cr. today, and @17:22 he says 10 cr is enough 🤔Need more explanation...
the idea he is trying to convey is that one will always need to grow their corpus otherwise what looks like a great networth to retire now ,will not be 20-30 years down the line.here, 5 cr in 1999 which does not grow will be bad after a few decades but 10 cr net worth now which gives sufficient returns ie beats inflation,taxation and also pays for your yearly expenses is good.
This guy is an annoying blabber-mouth. What is wrong with being content, and spending quality time with family? If you are not content, then you don't know how to live, you will always be running behind artificial goals.
He is wrong about housing vs renting also. And about real estate always beating inflation.
Very true. One of the arrogant guys
He is not a qualified wealth manager ..
I know how much is enough for me & how much I need. How can someone else know how much I need & how much is not enough for me. Everyone entitled to their opinion and Opinions are subjective. My opinion is that pursuit of peace truly happen only after we stop pursuing money.
Very practical knowledge
Glad you liked it! Don't forget to checkout our other videos! 😊
He looks high on some substance
In India 5cr is less in 2000 is a big joke !! 😂😂
Super ....very very good video
Fire implicitly means financial freedom. No one wants to retire from work.
Wakeing up everyday for a purpose is important, may it be for working for others or for self business, or maintaining a hobby and working over it or for any other social cause. Daily Discipline is needed , following the watch is necessary, we have experienced in covid lockdown what no job life looks like..
Manage ur day in such a way that it dosent kills u and drags ur thoughts towards retirement ie doing nothing.
"If u don't use u loose"
So stay active till the last breath. Use ur brain and body else u loose
He said 5 CR in 1999 is not enough, if he compound that money by 12 % then it would be 80 CR+ Today, not sure what he is talking about. Early retirement means financial freedom, coming out of rat race. no one is going to seat idle at home.
What about silver ?
1 cr in 2000, for 24 years in a simple index would grow 12%, double 4 times, resulting in 32 cr today!!
Mr Alok, Today even the folks from IITs and IIMs are not having that impactful jobs, no work life balance. Unless on starts their business it makes sense, but in today's scenario one cannot have a corporate job for a long duration.
1 cr/annum salary in early 2000 , how he will know what kind of hardships the person with a salary of 15L/annum is facing. He is one among top management, thus he don't know abt hardships of lower hierarchy
In 1999 I am studying 5 th class ..10 years old 😊😊😊….
Some things he said makes sense. Some other things doesn't make sense. Anyway thanks.
If you have enough money to survive for 25 years (like MF, stocks, pension, FD, Property etc) you can plan for early retirement. We don’t live for ever..so when you have good health and enough backup then you plan early retirement and enjoy your rest of your life…there is no point leaving your earnings behind when you die..the typical Indian mentality is work until you die (even though you have good financial backup)
Unsubscribing from weekend investing. Also from his momentum smallcase
True. My cousin retired early, now he is getting treated like an unemployed in his house😂.
He has to pickup and drop children to school, do House hold chores.
Unable to travel and do his passion
People have limited time, not to be wasted in working. Only losers work in perpetuity. What a waste of life that is.
This guy himself is a perpetual slave, still working now at old age.
Hence he wants youngsters to be slaves to corporate as well.
Foolish guy.
Fire doesn't work.
The biggest reason is stock market mostly gives return equal to gdp growth + inflation.
So over a period of time you get lifestyle improvement.
In 20-30 years back everyone had cycle. Now everyone has a scooter or a motorcycle. In another decade everyone will have a car .
Kya karlega bhai tu , Ambani ban jayega at the year 55yrs, pesa kam ne ke chakr main kit ne log ka dil dukhaya hoga, kya milega tujhe, pesa hai to Shanti se rest le na.
Why there is so much fear in him! Everyone ages, everyone retires. But nobody has crores with them. And they all did just fine.
I think all these people have one objective -make people invest everything they have. Ultimately by this activity, someone is also receiving this money. And whole game is about this only.
Alokbhai is always superb
So nice of you ! :)
16:50 This guy is talking out of his hat. In US, around 50 & 10 million $ corpus for retirement & 4% withdrawal? That is 400k p.a. life style only the top 0.5% of the population can get this...
majority are living happily with 50K USD per year which puts the corpus at 1.25 Million $
@AlokJain has to be FIRED first for poor comprehension...!!
The purpose of retirement is to try something of your own-to silence society/to fill the hole in your soul/on solid advice from fin gurus-burn through all your savings in than venture, and then rejoin the workforce...this time with gratitude.
do these people read their comment section after making videos
yup
Thank you for your comment! Yes, we actively read the comments section to understand your thoughts and feedback.
6:00 चाचा जो बात बात बोल रहे हो उसी को FIRE कहते हैं सही में। FIRE का मतलब घर बैठ कर सारा दिन टीवी देखना नहीं होता।
क्या बता रहे हो पब्लिक को, कोई भी 4 पैसे क्या कमा लेता है कुछ भी बोलने लग जाता है।
Has he ever read any FIRE literature or is he just shooting his mouth off? I suggest read up a little on various FIRE strategies. If you wish to then debunk them do that systematically and not by waive of a hand.
What bullshit! Retiring early is not about loosing or winning but about getting the freedom to do what u love irrespective of having financial worries.
Each person has their own philosophy, you can't judge others. After all one should enjoy life... This is the main lesson
All his fundas seem so very wrong...why should a person buy a home to be disciplined.. you can setup a sip for same amount and continue to grow your wealth..also gold is such a bad investment why would you knowingly invest in gold over equity..
Gold = Hedge
Sip=choice and can be stopped EMI=no choice and hs to be endured
I'm all in for mixed use of Hindi and English to maximise your audience but the verbiage used could be a little more formal and professional. Starting a video with 'internet bhara pada hai' doesn't sound very serious.
These types of people are self-styled genius, and start preaching others. Watching these types of channels and listening these types of people a complete waste of time.🙂
This conversation is for not many people. 20L to 10Cr analogy is not clear, extrapolating, then, 100Cr wont be sufficient. Author appears back on greed through dissatisfaction, possibly.
If you had 5 cr in 1999 ...you would have a corpus of 160 cr by 2024 ....why firing in the air bro
15% return ke hisab se, 5 cr did become 164cr, you can simply do 5*1.15^25 = 164
Isme kya firing bro, check basic math
@@AK-jb9ij yes that's what I am telling to the guest...164 Cr is Not a small corpus......I am sure he is telling a lie....he had Not 5 cr in 1999
I think what he meant is, at 1999 he thought 5Cr as a good target - doesn’t mean he had that money then. In fact he says that he had made first Cr around age 31, which is around 1999/2000.
Yes, 5Cr at 1999 is equal to 160+ Cr now. Which is as good as him saying 160cr as future target now, pretty high amount- this part only shows he is aiming high, may be very high as per some of us.
Finally someone says it. Retire when you can work is most absurd idea of all time. I think if you take a month vacation/sabbatical you will really want to go back to work.
Clearly sense of enough is not common for everyone 😊
Who says retirement means not working? It means retiring from slavery. Unfortunately some people can think only through the prism of money that would be left for you at any point of time.
He is genuine guy, maximum people commenting nagetive because they are confirmation biased and have limited knowledge about real life finance. They all have learnt Personal Finance from Ankur Wariko
shukriya
True idle mind is devils workshop. Work hard, create wealth for yourself and nation and die with contempt
Well said 👏
Mentos khao apni akal lagao. Fire system doesn't say you sit idle. You continue to persue your works which you like. Less stressful life. Saving and investing money is the only truth. Fire will automatically teach you minimalism.
Nice story
Am also of the same opinion. I don't want to retire
typical Indian adviser, client ko retire hona hai par adviser inna gyan de dega ki na client start hi nhi karta hai and advisor kuch help kar nhi pata. If one really wants to retire show them a way ,that as per calculation Rs XX Cr is needed. if this can be achieved you can consider retiring na ki client ko hi gyan de dena ki LOSER RETIRE EARLY.
Folding a paper makes the paper small right
Each fold doubles the paper's thickness, so after 42 sucg folds, it would theoretically reach a thickness greater than average distance between earth and moon.
I THINK EVERYONE HAS PRIORITIES. IF YOU THINK YOU HAVE MADE ENOUGH MONEY TO SUSTAIN UR LIFE AND FAMILY....THEN THERE IS NOTHING WRONG IN RETIRING....WHAT THEY DO IS THEIR BUSINESS....BUT LABELLING SONEONE AS LOSER JUST BECAUSE IT DOESNT SATISFY UR MENTALITY THATS NOT OK
Hhe is talking sense, but inadvertently his way of putting it has leas to misunderstood, he should have started by defining what is retirment, my understandingg of his interpretatin is to wholy depend on passive income is retirment
How do u define a successful person?
Rubbish thought
He doesn't know the work life balance and living for self.
At some age doing nothing is also a good thing
what a load of bullocks !!! I did retire at 49 ... started to plan since 32 ... and you cant still do the likes while you work as the speaker says , at least for 90% of them. You are hired and they own you. Those who work till they need a crutches are the losers. Retire and live your life the way you want it, spend more time with your family , friends ... they are the winners . Losers are the ones who live as slave to the job contract. period.
Every one has its own opinion.Calling someone looser based out of their own opinion shows that host is not matured enough. People should avoid labeling others just because they are on hot seat. Sorry couldn’t listen this conversation.
No worries, you become a winner of the rat race by retiring at 95 , Who cares ? I am happy to be a loser ( according to you ) by retiring at 45 😂😂most confused podcast ever
The podcast is insightful..! but the host is constantly doing some irritating sound from her mouth dont know why! anyways.. other than that its fine!
What kind of weird noise is the anchor making. Mch mch mch
If you are annoying many, you are speaking truth.
very nice
Glad you liked it! Check out our other videos too. 😊
It depends on each individual, There are few ppl like him who can take pressure and keep moving forward. I dunno when guys like him will enjoy life!!!! Ppl like him are stuck in rat race and they call successful themselves.....Legends are those who make money and retire early and live Happily!!!😂
Retired early is foolishness. Financially free early is good.
what do animals do without jobs
Host: pch hmm pch pchh hmm ya pchh hmm correct pchhh
😂
😂😂
if I had a company exactly, I am looking for this kind of slaves😀.... and finally, FIRE is an option not a choice will people decide what they want...
Please ask host not to make that irritating sound while acknowledging what speaker is saying. It's so irritating!
Phenomenal guy, I'm 22, I've got the exact same mindset as his, just except the diversification part, I personally think diversification is overrated and spot on with the retirement part, these FIRE guys should indeed be FIRED😂.
Glad you liked the video! Check out our other videos too. 😊