From Paying EMIs to ₹ 90,000 Passive Income

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  • Опубликовано: 26 июн 2024
  • Fill this form to be featured on Wint Wealth: forms.gle/iuUgM7fyGTfUUiVE9
    Raman's journey has been filled with ups and downs, from his challenging childhood to his career in banking. He was in a debt trap for years but eventually found his way to financial success. Today, he has achieved a passive income of Rs. 90,000 and is very close to reaching his FIRE (Financial Independence, Retire Early) target.
    Raman's LinkedIn: / ramanpushkar
    Wint Wealth: www.wintwealth.com/
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Комментарии • 278

  • @WintWealthYT
    @WintWealthYT  Месяц назад +8

    Fill this form to be featured on Wint Wealth: forms.gle/iuUgM7fyGTfUUiVE9

  • @Bhuv-
    @Bhuv- 20 дней назад +28

    This is the type of a guy I want to see. He is an everyday guy and seems similar to me.
    Thanks Wint for not getting some arm-chair fin-fluencer/Economist/VC. Also people 55+ are also a big no-no.

  • @Lifesgood-g6u
    @Lifesgood-g6u Месяц назад +76

    By looking at this interview few things to summarise :
    1. He made constant move in his jobs to increase his salary base from 9k to 30k , and then 60k to 1 lac etc.( might be specific skill sets he learnt or had right network)
    2. Parked investments under parents, spouse and children, plus HUF to reduce tax liability
    3. He further purchased plot instead of taking housing loan and built independent house in early stages of 2013
    4. He purchased a flat with maximum full payment to get best bargain and leveraged partial loan for additional tax benefits
    5. He invested heavily ~40% of his portfolio into FD / CFD / Debentures with monthly interest payout basically one crore fetching 85-90k INR
    6. He mentioned that he follows frugal life with expenses hovering ~50k , so leftover of 40k he is putting back in MF s and other instruments
    Overall gist is he has property, monthly returns and plus he does side hustle !

    • @superfitcs4005
      @superfitcs4005 Месяц назад

      You came back again , 2
      With a newly created profile to back up your self ? This is the 4 th one let me list out a few :
      1. @user-yl5in7wy2i
      2. @PavithS-hr3hv
      3. @Investguru123
      4. @@Lifesgood-gou - that too joined one day ago with only 1 comment . Pls do a better job of damage control Raman.

    • @superfitcs4005
      @superfitcs4005 Месяц назад

      Bro why you coming with fake id , your previous old fake id and this has many thing in common all same number of likes , created few days ago , same verbal pattern .
      Raman’ damage control fake ids :
      1. @user-y5in7wy2i
      2. @PavithS-hr3hy.
      3. @lnvestguru123
      4. @Lifesgood-gou

    • @kamalakaryahoo395
      @kamalakaryahoo395 29 дней назад +1

      point 5, which Bank FD in India gives almost 10.8% return. Public Sec Bank? Post tax, there will be atleast 30% deduction. This earning appears incorrect.

    • @benefactortomillions2223
      @benefactortomillions2223 8 дней назад +1

      I really appreciate the way you summarise.. still I m wondering how he did he manage this funds with the span of 10 years.... Hats-off to him 😊

    • @adityamishra3001
      @adityamishra3001 5 дней назад

      ​@@kamalakaryahoo395bro he said he is making fd in his family members account and huf

  • @sebastiantm4898
    @sebastiantm4898 Месяц назад +12

    Great man... He explained everything frankly and honestly.. So supportive for FIRE beginners ... Greetings to Mr. Raman and Wint ...Great job interviewing him

  • @hims_world
    @hims_world Месяц назад +20

    First almost realistic video of a salaried individual. Thank you Wint.

  • @kishorejohn861
    @kishorejohn861 Месяц назад +35

    Hello Team, an observation and a request. the participants are always common in all of your videos, they are always either vice president, or ceo of a company or a founder of a company. Please come down to normal guys who earns 25-30L and how they enhanced their financial life.

    • @rohan_pradhan
      @rohan_pradhan Месяц назад +11

      Normal guys are 3-5 L not 25-30 L

    • @amitr4385
      @amitr4385 27 дней назад +1

      @@kishorejohn861 ur name can't be real just like ur comment of normal guys earning 25 to 30 lacs

    • @kishorejohn861
      @kishorejohn861 27 дней назад +1

      @@amitr4385😂 the point is, requesting the channel to interview people from all levels. I still wonder why are u so much interested in the authenticity of my name

    • @universalinformation572
      @universalinformation572 26 дней назад

      ​@@kishorejohn8611.8L in hand is around 30LPA only. Don't get fooled by roles like VP. In banks these are very common

    • @abrahammathew8658
      @abrahammathew8658 22 дня назад

      I agree with @kishorejohn . Please make videos sharing experience of an average guy

  • @GuruRaghavendragowda
    @GuruRaghavendragowda Месяц назад +4

    Raman, I just watched the video, the perseverance, hard work and sacrifice is what personifies and to be what you are today. It’s not easy to make a decision to move away from the comfort of being with your family back in hubli and to travel all the way to Bangalore, where you had no friends and family and to be able to put through everything to achieve what you have accomplished today. Happy to see you grow.

  • @nageshh6013
    @nageshh6013 Месяц назад +5

    I liked this PC
    he is very frank about his starting salary
    Many ppl in financial freedom talks starting salary from 10 lacs
    But here its very clear

  • @Bookboy-ud2gp
    @Bookboy-ud2gp Месяц назад +6

    Excellent 👌 Honest Story. Reasonable and True. Post something like this 🎉

  • @ayushvarma9657
    @ayushvarma9657 21 день назад +2

    He seems to have learnt a lot throughout all of the situation, Raman definitely is super realistic and a wise person!

  • @Nectar1-w1b
    @Nectar1-w1b Месяц назад +8

    One of the insightful session, quite valid point on Insurance. I have faced similar issue on insurance and rather started directly investing on MF to leverage for future

  • @shilpamurthy8105
    @shilpamurthy8105 Месяц назад +9

    Interesting talk and very realistic & humble journey. He managed to save a huge corpus while managing debt and its a lesson for most of us middle class on how to not panic when stuck in loans and with a single minded focus to close loans 😅 I agree with his outlook to lead a simple life, it does not cost much and also a possibility that he might settle down in Hubli which is a Tier 2 city in KA. Only thing I disagree is having a good health insurance for family. Very impt esp after Covid as medi-care has sky rocketed like every other thing! Kudos to him and Wint wealth for brining a very realistic story and easily achievable target.

  • @VikashKumar-vp7zv
    @VikashKumar-vp7zv 4 дня назад +2

    I was there at Ness Technologies for an year. Very good Company, people with Manners. I still miss that co.

  • @eriol_h
    @eriol_h Месяц назад +10

    Hey wint wealth, wonderful episode and kudos to this guy for handling loans and emerging out as a millionaire. Can you do a detailed episode on HUF?

  • @dr.akashsatapathy9422
    @dr.akashsatapathy9422 Месяц назад +7

    Real Estate debt and others were paid off by 2020. There on he was not in debt. But by that time he had a good chunk of his corpus into real estate . May also have inherited parental property. Lucky and Smart either way!!

  • @Rajnarayan5555
    @Rajnarayan5555 Месяц назад +4

    Great going Raman, having see you from college days this is quite a phenomenal journey ! Best wishes mate .

  • @Samidhachauhan
    @Samidhachauhan Месяц назад +4

    1:56 I attended Sirs session at IIT-M, I can relate his journey and quite valuable inputs 17:01

  • @duraipandi264
    @duraipandi264 Месяц назад +21

    real time journey many say 10cr and 20 Cr , not sure whether they tell truth or just blabbering , this one is very good and real time experience 👍

    • @fortuneltd3591
      @fortuneltd3591 Месяц назад

      If a person is living and working in the top metro cities especially Mumbai, Bangalore, 10cr isn't a lot as it's already the richest cities and then you pick interviews with financially responsible smart people so it all adds up

    • @duraipandi264
      @duraipandi264 Месяц назад

      @@fortuneltd3591 agree . exception are always there , not all people living and working in top metro cities earn in crore . considering expense in richest cities saving 10Cr or 20 Cr is still lot.
      this one looks like real time experience to me.

  • @akshitagupta3721
    @akshitagupta3721 Месяц назад +4

    Real life, real challenges and real solutions. Thank you for an amazing episode

  • @SD_003
    @SD_003 Месяц назад +10

    11:00 - I am going midway. Have done a medical insurance which is not very expensive(care+) but I have a separate SIP as well running for exactly the scenario the guest mentioned 🙂
    Pretty down-to-earth person. I agree with him just because we are in tier-1 city doesn’t mean we need million $$. 3-5cr is good amount for someone having a frugal lifestyle(70-80k monthly expenses today) & a loan-free home

    • @millennialmind9507
      @millennialmind9507 Месяц назад

      70K expense is too much in a non metro buddy

    • @SD_003
      @SD_003 Месяц назад +1

      @@millennialmind9507 talking of tier-1 cities here(Mumbai/Bangalore kinds)

  • @snehak8760
    @snehak8760 5 дней назад +2

    Awesome Raman👌 Good to see you😊

  • @pb25193
    @pb25193 Месяц назад +24

    Jinka lightbulb slow hai unke liye ek message:
    Yes he had debt until 2020 but he did have other savings while he was holding the debt. Zero pe nahi baitha tha. He bought a couple of houses in some village during this period. So when his debt was paid off, he was already sitting on 1cr ish.
    Uske baad 4 years mein 1.4 add hua
    - some of this is his savings (maybe 2 lac monthly)
    - rest of it is capital growth

    • @keyurpatel1982
      @keyurpatel1982 Месяц назад

      It is not a question of light bulb slow. His debt was a miniscule percent of his total assets. He is trying to project as though he went from 35 lakh debt to 2.4 crores which means he paid off the debt, started from zero and went to 2.4 crores. Which is not the case. If he has been investing for 14 years then 2.4 crores is not a big amount and the debt is irrelevant.

    • @pb25193
      @pb25193 Месяц назад

      @@keyurpatel1982 actually it is a good example of success by investing while carrying debt. I know some people already know everything but for some people it may be new information

  • @vedantsheth13
    @vedantsheth13 17 дней назад +3

    Beautiful life lessons learnt..
    Work for happiness and peace. You should be grateful if you could get 2 meals a day at peace. Wonderful. And totally agreed with the gentleman's thoughts..

  • @padmakumar3803
    @padmakumar3803 Месяц назад +4

    The key point is, even though he is having debt, he was investing well, that become fruitful on the future

  • @PratikAsher
    @PratikAsher Месяц назад +7

    Good to see your growth Raman 😊

  • @nnmondal1991
    @nnmondal1991 Месяц назад +7

    Great man.last 2 minutes where I impressed…

  • @kishanbsh
    @kishanbsh Месяц назад +1

    Glad to see people openly discussing their financial status to educate others.. keep up the good work 😊

  • @utube-user-9792
    @utube-user-9792 15 дней назад +2

    15:56 - 17:28 👍. Nice interview and good luck to Raman .

  • @Sandhya_k.v
    @Sandhya_k.v Месяц назад +6

    This FEELS SO REAL 😊😊😊

  • @sundarvennimalai1104
    @sundarvennimalai1104 Месяц назад +4

    Good one..i can clearly see the passion and genuinely he answerd all the questions..

  • @prolongtrader7874
    @prolongtrader7874 Месяц назад +5

    8:33 do simple math he probably had 1cr in fds if he get at least 7-8% interest that's around 60-65k passive income , and another 20-30k from egold and mutual fund maybe , best part of the whole video is here 16:29

  • @parthi15
    @parthi15 Месяц назад +4

    Some of this thought process are right especially health insurance. Only Cash saves during health emergency. No insurance can match that.

  • @shalabhpareek
    @shalabhpareek Месяц назад +70

    Not up to the standards of wint wealth .
    1. So much missing information.
    2. Things don’t not add up . Looks like he inherited parental money from 2020 to 2024 and forgot to mention that or may be the down payment of house was done by parents .
    3. Even the expense sheet shown is incorrect. No car insurance, Netflix monthly expenses is 200 , frequency is 12 still yearly expenses are 200 .

    • @rohanb2711
      @rohanb2711 Месяц назад +5

      Bro don't forget that insurance crap!

    • @PetronasBoyy
      @PetronasBoyy Месяц назад +8

      The expense sheet was hypothetical. Not his ig

    • @logeshkumar8333
      @logeshkumar8333 Месяц назад +5

      dude, isnt it getting the gist of his perspective the goal? why do you need to know his balance sheet?

    • @WintWealthYT
      @WintWealthYT  Месяц назад +9

      Feedback noted, we will definitely keep this in mind. To add on a couple of points you mentioned:
      - Since 2011-2012 he was saving and investing along with paying off his loans. So when it cam to paying the downpayment he already had some money saved.
      - The expense sheet shown in the video is not his own, it's just a mock up. Please consider the aspects which he mentions in the video and not the sheet.
      Hope this clarifies some things.

  • @Manjunathrao-p5k
    @Manjunathrao-p5k Месяц назад +3

    Hey Raman, good to see your interview, really felt nice to see our friend and advise on such important things, really nice to hear your story on how you went from rags to riches, we all have the same kind of story but it’s you who really made there, proud of you, hope to see more of such interviews 👍👍 16:38

  • @pkannan168
    @pkannan168 Месяц назад +6

    Good information Well explained

  • @charanreddy730
    @charanreddy730 Месяц назад +5

    Great sir helpfull information ❤

  • @kirstenferrao
    @kirstenferrao Месяц назад +9

    Amazing journey

  • @AbhishekJain1992
    @AbhishekJain1992 Месяц назад +9

    WHy don't you educate people around clubbing of income? He just said he is booking FD unders his children and wife's name to save taxes!

    • @gopinath_ravi
      @gopinath_ravi Месяц назад +2

      Yup..the interviewer dint intervened when he told abt this great idea!
      Bad one from wint wealth. Standard is going down :(

  • @rakeshmg4997
    @rakeshmg4997 18 дней назад +3

    Amazing...

  • @savariraj3372
    @savariraj3372 3 дня назад +2

    Super sir. Thanks

  • @vinayakjoshi5029
    @vinayakjoshi5029 6 дней назад +2

    Fantastic

  • @DalynViker_44
    @DalynViker_44 12 дней назад +91

    Since the price of Bitcoin and other crypto is unstable and
    likely to decrease more I think the best investment one
    can do is investing on Forex trading and crypto trading,
    I'm saying this because ever since I started trading I
    have seen a significant difference.

    • @EmersonOliveira769
      @EmersonOliveira769 12 дней назад

      I've been making a lot of losses trying to make profit trading.
      I thought trading on a demo account is just like trading the
      real market. Can anyone help me out or at least advise me on
      what to do?.

    • @Camilalopes_1
      @Camilalopes_1 12 дней назад

      Trading on a demo account can definitely feel similar to
      the real market, but there are some differences. It's
      important to remember that trading involves risks and
      it's normal to face losses sometimes. One piece of
      advice is to start small and gradually increase your
      investments as you gain more experience and
      confidence. It might also be helpful to seek guidance
      from experienced traders or do some research on
      different trading strategies.

    • @RichardCampbell30
      @RichardCampbell30 12 дней назад

      Please How can someone know a professional broker when legit once are hard to find this days

    • @DylanHudson45
      @DylanHudson45 12 дней назад

      Ever since I started following Corina's Michelle
      Nash strategies,
      my trading game has elevated to new heights. Truly a
      mastermind in the trading world.

    • @Fred_447
      @Fred_447 12 дней назад

      I'm surprised that this name is being mentioned
      here, I stumbled upon one of her clients
      testimonies on CNBC news last week...

  • @arpitbatri1419
    @arpitbatri1419 Месяц назад +14

    Wint Wealth: Make the video short! Under 20 Mins.
    Editor: Yes!

  • @abhishekpawar921
    @abhishekpawar921 6 дней назад +2

    Amazing advice and interview

  • @SudharsanVaradarajan
    @SudharsanVaradarajan Месяц назад +6

    Nice episode 👍🏻

  • @deve1212
    @deve1212 Месяц назад +4

    Goos one. First is health.

  • @vdhanasekaran9387
    @vdhanasekaran9387 Месяц назад +4

    Really final advice is very nice

  • @DrKallalPramanik
    @DrKallalPramanik Месяц назад +4

    Truly inspiring and magical journey. One point I could have missed: is the mentioned real estate for consumption only or can it have rental income? Also, Raman mentioned debentures as a source of passive income, but I don't see that component in the net worth split.

  • @syedqurban1729
    @syedqurban1729 Месяц назад +6

    I would say he allocated 56% in FD

  • @alishop7389
    @alishop7389 Месяц назад +6

    This is now what most of us can relate to.

  • @mksanth87
    @mksanth87 29 дней назад +1

    Mistry's story until 2020 involved dealing with debt and earning a 1.3 lakh salary after marriage in a metro city. Given these circumstances, it seems highly challenging to save 2.5 crores in six years, generate a passive income of 1 lakh, and also purchase a 50 lakh property with a 10 lakh downpayment.

  • @dhrumitkumarpatel8855
    @dhrumitkumarpatel8855 Месяц назад +9

    Nice

  • @devalsavla4966
    @devalsavla4966 Месяц назад +6

    Great video

  • @pankajkk02
    @pankajkk02 Месяц назад +6

    Great insights. I alwasy wonder if 25 times of annual expense is sufficent for very early retirement. What's the fire multiple to target for someone who wishes to retire at 40 assuming 85 life expectancy.

  • @dazaaqua09
    @dazaaqua09 Месяц назад +6

    i like the 10:28 !

  • @AnamikaMitra205
    @AnamikaMitra205 Месяц назад +4

    Amazing Journey 👏👏 Really liked the podcast 🎉 Genuine Person

  • @shrinidhig3672
    @shrinidhig3672 Месяц назад +3

    U ended it on a good note. Loved it ❤
    Two points I do not agree with you on
    1> Not having a life and health insurance
    2> A corpus of just 3Cr to life the retirement life that too in a metro city. I guess it should be somewhere around 7-10 Cr

    • @user-yl5in7wy2i
      @user-yl5in7wy2i Месяц назад

      Health insurance is a just enabler to make yourself feel safe that you have support mechanisms in case of any chronic diseases. If someone follows a healthy lifestyle from early stages and also has back up created through different instruments should suffice. End of the day even insurance companies going to invest back in the market instruments and if you cumulate the premiums paid for whole life will almost match the investments you could also have made and plus ROI. If you compare the metro cities, still Chennai cost of living is lower and plus he is on Barista FIRE, where he will make money. Most critical point is living with minimalism I suppose once his kids reach certain age, he should be in good books with 2 properties under his kitty.

  • @MungfaliK
    @MungfaliK 26 дней назад +1

    This is one of the nice interview, thanks for your advice Raman.

  • @tejeshkumar9703
    @tejeshkumar9703 26 дней назад +1

    Great point - Peaceful 2 or 3 meals per day must be there.

  • @seenuz1
    @seenuz1 8 дней назад +1

    Awesome bro the ending of this video will make lots of sence... good and practical advice..👌

  • @oldsmokediaries4871
    @oldsmokediaries4871 Месяц назад +3

    Realistic content matching many.

  • @mydreams8092
    @mydreams8092 16 дней назад +2

    This is a good story on how not to manage Financials. Credit cards, Fixed deposits, savings account. Salary has also been average given the current times. Might have been lucky to get some inheritance. Doesn't look like FIRE story through wise investments or high earnings.

  • @BharatSecurityWatch
    @BharatSecurityWatch Месяц назад +6

    He said a corpus of ₹2.5CR of which 30-40% is in RE. Assuming the original investment value (1L+50L+60L=1.11CR), this is excess of 40%! Assuming (per his own valuation) current market prices (20L+50L+90L=1.6CR), thats close to ~65% of 2.5CR. Just doesn't add up!

    • @WintWealthYT
      @WintWealthYT  Месяц назад +3

      He hasn't included one of the properties in his networth because that is his primary residence

  • @darsheetvora
    @darsheetvora Месяц назад +3

    Wonderful guy

  • @mahadeoaurange7857
    @mahadeoaurange7857 24 дня назад +2

    Nice one

  • @omkarshinde420
    @omkarshinde420 День назад

    in my case my father went through heart angioplasty on 16 July 24 . His heart had 3 blockages and needed 3 stents to be placed in the arteries. Although it was free in some maharshtra government schemes, i went with private cashless hospital because in government scheme stent was without drug eluated stent. Hence private hospital bill was 2.5Lac and i paid 0 rupees and i was so relaxed during all this process. Health insurance company is Niva bupa Reassure 2.0. I had paid almost 1.2Lac since 4 years for my father mother combined in health insurance. So in my experience health insurance is safer bet.

  • @vanithamurugesan3046
    @vanithamurugesan3046 День назад

    Wonderful!!!

  • @ApulicaOfficial
    @ApulicaOfficial 23 дня назад +2

    whatta guy

  • @CA_SmitKalaria
    @CA_SmitKalaria 14 дней назад +2

    Again from the IT field but thank god he is like a day to day guy and most of us can relate to him

  • @LifeVenture011
    @LifeVenture011 Месяц назад +3

    That actual a real journey which take time and investment plan,Wint Wealth also come up with that' 👍👍

  • @aadityasharma6855
    @aadityasharma6855 6 дней назад +1

    You must have a good salary to create good corpus for your investments.

  • @foodiography
    @foodiography Месяц назад +11

    wint wealth one suggestion why you travel around tier 2 and tier 3 cities and interview normal people or local buisness or anyone having normal job or normal position in companies check their views about FIRE it. would be interesting obviously if you interview high profile personal it will be easy for them but fascinating will be if a person living and still living in tier 2 and 3 cities and become FIRE

    • @cbazxy2697
      @cbazxy2697 Месяц назад

      They don't find guests, guests find them and ask to be interviewed. To find guests the guests needs to have social presence about his wealth or achievements. Where do you find this is tier 2 or 3 cities

    • @foodiography
      @foodiography Месяц назад

      @@cbazxy2697 that is the thing they are wealth management company they have all data and nowadays it's easy to find or incase they can travel to those cities like I am from Jamshedpur here people are living like standard the people living in Bangalore or say pune I know there are people who had achieved FIRE leaving and working here even in Bhubaneswar alos

    • @naveennaravala1707
      @naveennaravala1707 Месяц назад

      Yeah, wint wealth pls do.. coming to tier2 or tier3 cities you know mostly people bet on Real estate which will grow multi folds..I have my uncle with close 5 CR in real estate only and does 15k job in a home town temple.

    • @foodiography
      @foodiography Месяц назад

      @@naveennaravala1707 even I know a person had made a good mutual fund portfolio by working in a BPO in tier 2 city

  • @duderocks6483
    @duderocks6483 Месяц назад +9

    He has that Virat Kohli look and vibe

  • @diazwelling
    @diazwelling Месяц назад +51

    Too many missing information in this interview. How did he earn 2.4 Cr in 4 years. You should be able to save 5 Lakhs per month to do it. How can he get passive income from F.D?

    • @WintWealthYT
      @WintWealthYT  Месяц назад +11

      He has been investing since 2011-12 alongside paying his EMIs. This has been shown in the split of his expenses. :)

    • @Suryansh252
      @Suryansh252 Месяц назад +3

      @@WintWealthYT Ahh so he didn't follow the classical advice of clearing out all your loans first, different strokes for different folks I guess

    • @diazwelling
      @diazwelling Месяц назад +3

      @@WintWealthYT then what about real estate property he bought in 2020 for 60L with his savings (70-80% is still 45L) He said he is debt free only in 2020. I'm surprised he could save 45L on the same year of debt free.

    • @Soundar-15234
      @Soundar-15234 Месяц назад +6

      You are jumping on half baked things ,you didn't see he said from 2013 he started saving money and post 2020 he became debt free. His salary was 1.6 Lacs in 2015 what that would be in 2024 after changing 1-2 jobs.

    • @maheshg7890
      @maheshg7890 Месяц назад

      ​​​​@@diazwelling@WintWealthYT exact same question I want to know

  • @user-vw6ts1bk4z
    @user-vw6ts1bk4z Месяц назад

    how can he count FD as passive income?? it is sitting in bank unless you cash it out.

  • @tanushadithiya7136
    @tanushadithiya7136 28 дней назад +1

    Salary is also chakravyuh only was ignored like a champ 😂

  • @KUCH_BHI_747
    @KUCH_BHI_747 15 часов назад

    Super

  • @AbdulHalimSiddique
    @AbdulHalimSiddique 28 дней назад

    There is concept called clubbing of Income in Income Tax ...U cannot reduce tax by make investment in relative name or trf fund to them to make investment in their own name...In case u do it, the Income generated from that transferred Amount / Assets will be clubbed/added in Donor / Transferror Income...Tax planning is not that easy anymore...revisit ur CA friend who has suggest this mechanism

  • @PapaSierraGolf
    @PapaSierraGolf Месяц назад +1

    Hubli people by default have a nice salt pepper look.

  • @paulj625
    @paulj625 20 дней назад +2

    Someone i can relate myself to... A common man in his early life

  • @sanrock21
    @sanrock21 Месяц назад

    I want to ask one question if you are investing in FD and the returns are taxed so how will you manage this you have so many FD which keep on maturing, is there a way to avoid tax.😃 I know its not there, but like if you sell property and you have to pay tax for selling. but if you but a land/house/build house from that amount then you need not pay tax on that selling amount.. so something like this there for FD's

  • @thelayman6189
    @thelayman6189 Месяц назад +5

    Truth is all supermarkets in my metropolis sell at much cheaper prices, which my local sabzi mandi cannot match.

    • @eriol_h
      @eriol_h Месяц назад +2

      Where do you live ? Timbaktoo??

    • @thelayman6189
      @thelayman6189 Месяц назад +1

      @@eriol_h in a country of retail giants !! Timbaktoo may not have supermarkets ...

  • @vn6pj
    @vn6pj Месяц назад

    The comments on such videos of *WINT* are more interesting though..

  • @UmeshPariyar-t7m
    @UmeshPariyar-t7m 29 дней назад +32

    *Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?*

    • @UmeshPariyar-t7m
      @UmeshPariyar-t7m 29 дней назад

      This is not the first time have been hearing of this woman and her exploit in the trading world but have no idea on how to reach her>

    • @larrygate-c4r
      @larrygate-c4r 29 дней назад

      YES!!! That's exactly her name (Judy Arianna) so many people have recommended highly about her and am just starting with her from Brisbane Australia????

    • @AdanSameer-i2u
      @AdanSameer-i2u 29 дней назад

      So nice to see Mrs. Judy Arianna talked about here, her good works are speaking already, and like wide fire she's spreading.

    • @Peteryuuu
      @Peteryuuu 29 дней назад

      This is really helpful for my situation, do you know how much is ok for a start, how can i get to her please........🙏

    • @CikaBeki
      @CikaBeki 29 дней назад

      I was skeptical at first till i decided to try. it's huge awesome. i can't say much

  • @abhiksark
    @abhiksark Месяц назад +113

    His story doesn't look coherent, so from 2020 to 2024 he made 2.4Cr

    • @arunsadanandabhat8518
      @arunsadanandabhat8518 Месяц назад +27

      exactly all these people are retiring on mutual funds and real estate rents and this guy claims boldly he has "passive income" from FD's 🤣

    • @WintWealthYT
      @WintWealthYT  Месяц назад +44

      He has been investing since 2011-12 alongside paying his EMIs. This has been shown in the split of his expenses. Hope this clears it. :)

    • @PavithS-hr3hv
      @PavithS-hr3hv Месяц назад

      @@arunsadanandabhat8518 if you can't do it doesn't mean others can't do it 😂 burnol

    • @amitsuju
      @amitsuju Месяц назад +21

      @@WintWealthYThe went debt free in 2020 so definitely means he did not have too much money around that time, probably 10-15 lac more in savings so from there to 2 cr even in 4 years.
      Either he did something in between which was not disclosed or was not legal enough to disclose.

    • @AmitKumar-or5ob
      @AmitKumar-or5ob Месяц назад +12

      Exactly, Being Debt Free to 2.5 Cr. This story doesn't fits well.

  • @sunitag9284
    @sunitag9284 Месяц назад +1

    Missing year stamps... Very vague journey.. Please do improve it

  • @livenotlive
    @livenotlive Месяц назад +1

    Isnt taking out money from HuF is pain?

  • @AnitaDevi-ry6qf
    @AnitaDevi-ry6qf Месяц назад +3

    FD made passive income?
    Then i also make 4 lakh per month passive income

    • @AnitaDevi-ry6qf
      @AnitaDevi-ry6qf Месяц назад

      @@user-fg1bz4di2c Haha. I am not that dumb to put it in FD. I was talking about stocks and Real estate investment.
      I don't feel return from FD can be counted as passive. Its not even beating the inflation. If u keep counting FD income as passive income then good luck as 20 years down the line there will be nothing left in FD corpus. Maybe you can have a kid birthday party with that at that time

  • @sushanbhasin
    @sushanbhasin Месяц назад +9

    One major issue with his accounting for future expenses is that he has not factored in health expenses and emergency expenses (which unsurprisingly will pop up every now and then), given the fact that he does not trust health insurance a lot. Inflation with health industry is much higher than the CPI figures. Also FIRE takes into account a SWR of 3.33 to 4% for a corpus to last for 30 years. I understand that he has made this money with a lot of hard work, and he hence he has a conservative attitude towards money, but a large portion of that in FDs, would rot away his corpus at a much quicker rate than he realises. That being said, good to hear from a person who struggled through these years to reach where he is today.

    • @user-yl5in7wy2i
      @user-yl5in7wy2i Месяц назад

      You missed his point about left over passive income post expenses to be reinvested in MF’s and others. His expense is around 40-50k and 90k is passive, so what’s wrong in 40k back into other products. Health expenses as he mentioned he is investing in MF / Debentures, what do most insurance companies do the same investments what an individual does. And moreover if someone early ages follows healthy lifestyle why one need to worry so much about insurances, given he / she has back up for it.

    • @sushanbhasin
      @sushanbhasin Месяц назад

      @@user-yl5in7wy2i what I mean to say is that his asset allocation is too conservative in my opinion. 40% of 2.5cr is in FDs, which by themselves barely beat inflation. SWPing out of the FDs especially can lead to a rapid depletion of his corpus. Second, is that 40% is in real estate, details of which (whether he has rented it out or not) he has not mentioned, hence that is illiquid and accounts for 40% of his portfolio. Third, he has not taken into consideration some other phantom costs like child's college education, child's marriage etc. Last, about the health part, just living a healthy life does not give you immunity from health emergencies. Hospitalization bills due to things like major accidents, cardiac surgeries etc.. can run into lakhs. Hence depending upon just your corpus for that is not advisable, unless the size of the corpus is much more substantial.

  • @user-po6wf3ip6b
    @user-po6wf3ip6b 22 дня назад

    Every financial freedom people i know, they actually got their salary growth very very high rate, which is like next to impossible sometimes which is very unreal. And its quiet fishy at the same time that all those rely on mutual fund eventually, so its like virtual money, so its always subject to market rates, what if the Market shaters after taking retirement. Think once please

  • @prabhakar3725
    @prabhakar3725 Месяц назад +1

    Something is not correct with data that showing here

  • @thelayman6189
    @thelayman6189 Месяц назад +1

    Good interview. But 1.6 CR out of his total corpus 2.5 cr is already 64% of his corpus in real estate - But he said 30-40% in real estate ...
    Somehow things always don't match well in these videos.

    • @WintWealthYT
      @WintWealthYT  Месяц назад +1

      He excluded one of the properties mentioned from his networth because that is his primary residence at the moment.

    • @thelayman6189
      @thelayman6189 Месяц назад +1

      @@WintWealthYT
      Thanks for the clarity.. incidentally that is his biggest chunk he has in Real Estate . And the interview was about Networth , Networth would include everything including his primary residence ..
      There is a reason for raising this question. As you can see once the Rent OR Emi is not a worry, then 2.5 Cr is infact a substantial corpus - If not, His calculations will be Haywire ... This case itself is a classic example ... After your clarification, the Passive income of 90,000/- pm is actually very achievable with safe FDs itself , which he has done , remarkably well ..
      Thanks !!

  • @Being-critical
    @Being-critical Месяц назад +6

    Me second....btw wint podcast are good

  • @southern-sunshine
    @southern-sunshine Месяц назад

    The way the interviewer has sat and shaking his leg, his demeanor is very inappropriate for the guest

  • @tonmy21
    @tonmy21 Месяц назад +2

    My man jumped from 9k to 1 lac in 5 years
    Then again he had a plot and 5 years it jumped jn appraisal then again his covid purchase in 5 years.
    .
    By this speed by 6o he will be prime minister also.

    • @superfitcs4005
      @superfitcs4005 Месяц назад +2

      Dw the guy who replied you is the guy in video with his fake id . This id has been defending the guy in video blindly . You are correct @tonmy21

  • @firstperspective9131
    @firstperspective9131 Месяц назад

    Feel bad for peeps who don't have passive income 2x of their expenses.

  • @kapilc7760
    @kapilc7760 Месяц назад

    Bro how a farm house in 900sqft

  • @drjitendravs
    @drjitendravs Месяц назад

    Opaque interviews mat karo, crowd wants to know and understand the different processes..
    Waise, Last ka music mast tha😊 Bhai hum kab jaa payenge wint ki video mein.. 😔🤭
    Banate raho👍

  • @Recoverycounselling_1
    @Recoverycounselling_1 Месяц назад

    Editing aise kro ki confuse hi ho jye sab... 😂
    Wint wealth pls call someone who is a fat fire. TY!

  • @KUNDANSABLE1
    @KUNDANSABLE1 Месяц назад +6

    good to get first comment