I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals??
Agreed, having a good financial advisor is invaluable, my portfolio is well-matched for every season of the market and has just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.
*Julianne Iwersen-Niemann* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
During a recession, investors must understand where and how to distribute capital in order to hedge against downturns while being profitable. If you are unable to navigate the market, speak with an expert advisor.
Several individuals minimize 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 afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
'Laurelyn Gross Pohlmeier' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
He's explaining all the calculations on how to achieve FIRE by the age of 50 or, in the best case, by 40, starting from age 25. However, what magic did he use to achieve it in just 10 years? Even though the video title mentions it, I couldn't find that answer in the entire video!
1. Growing at the rate of 15% CAGR is neither easy nor guaranteed 2. There would be periods when the markets will not go anywhere. For proof check US Markets between 1965-1982. During these periods the investor needs to stay put. This is not easy as its a rare trait. Just a few points I wanted to share after seeing this nice interview
That is CAGR brother , one year it may 5 percent and other year it may be 25 percent but CAGR after 2 year would be 15 percent. That only if you stay invested for long term .
Great session-no drama, no unnecessary questions. All the questions and answers were straight to the point. Keep up the good work, ma'am. All the best!
First time i see a person speaking 100% Equity and that too small, mid and multi caps really he has a good understanding of his risk. Before investing either you need an advisor or you need to have financial literacy to get such a return of 15%
But wht to do if salary itself is very less, all cannot have 1lakh salary, tht is not taken into account. How less salaried people can invest without burden is a thing to be discussed and planned properly
This is the most logical podcast i have seen in terms of financial freedom. Very insightful. The point today market is at bottom if we compare with 15 years form now. Thanks
In between don’t buy a home, don’t plan kids and don’t account for aging parents who would also need your assistance. And also don’t plan your kids education. And let’s not include discretionary spends like car and vacations. Financial influencers continuing to sell their pipe dreams
Buying a home isnt a necessity, ive seen millionaires living on rent. Do the math. If you go by emotions you cant FIRE. Kids are a must and it is possible to have kids and vacations and car too if you increase your income. Dont find excuses find the means
It would have been nice if u could ask his portfolio diversification. 100% is in Equity but what market cap?? That u forgot to ask madam. Also u could have at least ask his portfolio size. Need to improve ur questionnaire a bit. Nice one though.
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
Let us all see good bear market for some year forget 15% even 10% will be difficult... When jobs finding is difficult, saving is difficult . Also dont forget taxation.
Good evening , my name is Rajan - 62 years from chennai , my son received his first pay (takeaway is Rs.80,000+) . How to plan wisely starting from term insurance , medical insurance , car , house etc . Which will be the best avenue to park (long term) and meet financial goals . Retirement say 50 years.
Everyone talking financial freedom is merely investing equity real estate bond gold etc but it is wrong way it is just like creating pension ..financial freedom is you should not depend on others you should create your own system to earn money like start your own bussiness not invest in equity bcoz you r financially dependent on equity investments for your living that is not in your control n that is not your skill sell your skill n earn money
Well running and sustaining business also not completely in a individuals hand it depends on market cycles and government regulations and don’t forget that the stocks are businesses too.
You can continue to sell your skill after being financially independent. It might even fuel your creativity as you are no longer chained to just survival.
It is a skill to Invest in that asset, what you know and earn from it, its your skill that pays you as u learn stock market, or May be Property market, its indeed a skill
Bhai mere ek business krne se achcha 10 business me 100rs each invest karna Jo longer run me 10% growth de de .. Acchi companies ne Paisa banaya hai agr aapka base big ho to lower percentage se bhi aapka Kam BN jata hai.. Business krne ke liye bahot kuch lg jata hai ye nhi socha aapne
Is there a way, other than equity, by which you can invest in startups and small companies, considering you dont have a big sum to contribute.. but like in a SIP model or like how some commercially leased real estate models ? How is that done ie. The process ?
There is a huge disconnect between reality and such interviews. If FIrE was this simple with a bunch of equity SIPs and direct stocks - trust me we would have been even more poorer due to inflation.
I think seeking financial freedom through investment alone is a bit of a mediocre mindset. While investment should be made necessary in everyones life but one should not obsess about only that to gain financial freedom. I think upskilling yourself should be a priority so that one can increase income manifolds which in turn will help in investing more and compounding more and hence gaining financial freedome earlier.here example has been given where a monthly investment of 30k-40k will help gain financial freedome in 11 or 8 years respectively. But a person earning more who can invest more than 40k can gain financial freedome much earlier.. So increasing ones income through up skilling,learning should be first priority
Very few people can start investing 30 thousand at the age of 25. Have you seen the salaries in India. Fresher in IT starts by 15000 rupees per month (if he manage to find job). After 35 we can think about investment.
After 25 years, with an annual inflation rate of 6%, the purchasing power of Rs. 5 crore would be equivalent to approximately Rs. 1.16 crore in today's terms.
4:56 the 10% step up each year is not realistic for a common person. The numbers given (2cr, 3cr, 5cr) are based on the person carrying on investing monthly for all those years. For this example given 40k with 10% step up each year from previous year (40k, 44k, 48.k etc) On the 25th year that’s when the corpus is 5cr, the person will be investing over 2.6 lakh per month which I don’t think is reasonable or realistic. And even if the value of 10% is fixed for each year from original 40k. 25th year monthly investment would be around 1.4lakh per month (40k + (4000x25))
first of all how can a common IT empoloyee at 25 years earn 1 lakh a month to calculate 30 k investment, when i got job at 25 my salary was 25k per month and in hand i got 22k now i earn more than a lakh @ 33 years old now i have started investing 25k per month. i feel like FIRE is overated for normal employees , it works good for employee with high salary
Your salary will increase with you experience and so your saving rate, just keep investing and increase it with every salary hike. After few years yours savings will grow exponentially. Just stick on the path
Most of the videos on fire/ financial freedom are very stupid.. they dont consider mandatory life expenses like marriage , support to aging parents, kids education, home , car , vacations... Also the 5 cr he is talking about after 12 -15 years would hold really less value .. I dont think you will be able to afford a flat in 5 cr after 15 years in any tier 1 city.
My wife has been investing in mf for the past 10 years and generating 18-22 CAGR.. I have been doing stocks for 4 years and generating about XIRR of 40-50% 15% CAGR is easily doable. Trust the process and start today
After 20 years what will be value of 5 crores? Ye ajke 1.25 cr ke equal hoga yadi 6% inflation ho tho. Phr tho apke hisab se jiske pas aj 1.25 cr hain vo financial free ho chuka hain. Bhai sahab itne main tho aj acha ghr nhi ata. Na koi life ko explore kar skta hain. Na world tour kar skta hain. Ye kaisa financial freedom (fire)hain bhai sahab.
Bhai paise ko invest karke chordo aur sirf apne day to day life ke kharche pe focus karo , jab manlagega ki aur nahi ho raha tab investment khol ke dekhna 5 ka 10cr ho chuka hey
A normal 25 year old engineer can’t earn 1 lakh a month Be practical talk about facts Just showing random numbers doesn’t give you financial freedom It will give you in excel sheet
True, even new entrant to Software engineer won't get that amount. But @ the age 28 you can achieve earning 1L if you learn new things in any job so that you can start SIP with higher amount...
![Is There a Formula for Financial Independence? [Asking The Expert]](http://i.ytimg.com/vi/L3mX36og08U/mqdefault.jpg)
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals??
keep contributing to your 401K, remember you are in for the long haul, but I'd suggest you consider financial advisory
Agreed, having a good financial advisor is invaluable, my portfolio is well-matched
for every season of the market and has just yielded 120% from early last year. I and my
advisor are working on a 7 figure ballpark goal, tho this could take another year.
Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.
*Julianne Iwersen-Niemann* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
During a recession, investors must understand where and how to distribute capital in order to hedge against downturns while being profitable. If you are unable to navigate the market, speak with an expert advisor.
Several individuals minimize 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 afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
That makes perfect sense; you seem to have a better understanding of the market than we do. The coach is who?
'Laurelyn Gross Pohlmeier' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
He's explaining all the calculations on how to achieve FIRE by the age of 50 or, in the best case, by 40, starting from age 25. However, what magic did he use to achieve it in just 10 years? Even though the video title mentions it, I couldn't find that answer in the entire video!
Magic is "Invest more"
U need to see video again he explained everything very clearly
1. Growing at the rate of 15% CAGR is neither easy nor guaranteed
2. There would be periods when the markets will not go anywhere. For proof check US Markets between 1965-1982.
During these periods the investor needs to stay put. This is not easy as its a rare trait.
Just a few points I wanted to share after seeing this nice interview
Absolutely possible my friend. Please check the return of nifty next 50 mf return from decades
This is India's decade. So invest in this golden Era
That is CAGR brother , one year it may 5 percent and other year it may be 25 percent but CAGR after 2 year would be 15 percent. That only if you stay invested for long term .
Why look at US market. Why not at nifty
Why u are going to US.. Check indias growth story.. Its achievable...
Great session-no drama, no unnecessary questions. All the questions and answers were straight to the point. Keep up the good work, ma'am. All the best!
Lovely channel, please bring all these people who have achieved financial freedom working in corporates
Thank you so much!
these are fake people ..
He is so simple and obedient 😊
First time i see a person speaking 100% Equity and that too small, mid and multi caps really he has a good understanding of his risk. Before investing either you need an advisor or you need to have financial literacy to get such a return of 15%
But wht to do if salary itself is very less, all cannot have 1lakh salary, tht is not taken into account. How less salaried people can invest without burden is a thing to be discussed and planned properly
This is the most logical podcast i have seen in terms of financial freedom. Very insightful. The point today market is at bottom if we compare with 15 years form now. Thanks
Thank you so much, Ashish. Glad you liked it.
In between don’t buy a home, don’t plan kids and don’t account for aging parents who would also need your assistance. And also don’t plan your kids education. And let’s not include discretionary spends like car and vacations. Financial influencers continuing to sell their pipe dreams
Some people are not even putting their child in School. Holly f generation
Buying a home isnt a necessity, ive seen millionaires living on rent. Do the math. If you go by emotions you cant FIRE. Kids are a must and it is possible to have kids and vacations and car too if you increase your income. Dont find excuses find the means
truth is only way to achieve FI is earning high income and then saving and investing big corpus, rest all is nonsense.
Touché
Very insightful. Thanks Powerup Money team.
I think he is talking about his financial comfort and not general financial freedom. Comfort and freedom are two different things according to me.
One of the best I must say. What an insight he has brought out. Thanks for sharing.
Glad you enjoyed it
I am in equity market from 2006, this person is 100% right.
The way you ask the questions and smile on your face is beautiful. Excellent video. Bring more of these.
Thank you Navdha for spreading knowledge... your smile is amazing...I love the word "Personnel finance is more personnel finance"😎
Personal finance is more personal finance
Was he investing in mutual funds directly or through a broker?
This type of video given immense confidence that I can achieve financial independence .
Excellent
Dil behlane ke liye gaalib presumptions ( Cagr 15%,10 % yearl y increase etc etc ) ka khayaal achcha hai...
@@amoldatir8152 18-20% toh MF de raha hain bhai.
Last year, Small cap mf gave 40% returns.
If you invest in direct stocks 15% could easily be made.
Correct
It would have been nice if u could ask his portfolio diversification. 100% is in Equity but what market cap?? That u forgot to ask madam. Also u could have at least ask his portfolio size. Need to improve ur questionnaire a bit. Nice one though.
Very practical investor and wise advice..hope to crunch numbers in next 10 years
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
Stacy Lynn Staples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Super Star this guy is! Honest and genuine advice! 🎉
Thank you so much!
One of the finest interview. U can consider CAGR even though corpus is handsome...
To the point explanation... I say this is a brilliant video on financial knowledge. Thankyou sir.
Glad you liked it.
What will be the inflation adjusted value of 5 cr in 15 years?
Very insightful. Thanks Madam. all good questions and answers.
I love how attentive and enthusiastic the interviewer is. Great job ❤
Glad you liked it!
Let us all see good bear market for some year forget 15% even 10% will be difficult... When jobs finding is difficult, saving is difficult . Also dont forget taxation.
In 10 yr ,market can go down as well...will sip still give 15% returns even during down times?
Average 15 % XIRR s possible if u r planning minimum 15 Yrs in flexi or multicap
Very good content
The best video regarding investment.Thank you so much 😊
Glad you liked it
Brilliant insights and takeaway from this conversation. Keep adding more such videos Thanks
Glad, you find it helpful!
Very sensable session for all the doubts.
Very useful information about investment in MFs and well said true, thanks for both of you for giving good
Good evening , my name is Rajan - 62 years from chennai , my son received his first pay (takeaway is Rs.80,000+) . How to plan wisely starting from term insurance , medical insurance , car , house etc . Which will be the best avenue to park (long term) and meet financial goals . Retirement say 50 years.
Everyone talking financial freedom is merely investing equity real estate bond gold etc but it is wrong way it is just like creating pension ..financial freedom is you should not depend on others you should create your own system to earn money like start your own bussiness not invest in equity bcoz you r financially dependent on equity investments for your living that is not in your control n that is not your skill sell your skill n earn money
Well running and sustaining business also not completely in a individuals hand it depends on market cycles and government regulations and don’t forget that the stocks are businesses too.
You can continue to sell your skill after being financially independent.
It might even fuel your creativity as you are no longer chained to just survival.
Try doing business n u will know if its risky or not..
It is a skill to Invest in that asset, what you know and earn from it, its your skill that pays you as u learn stock market, or May be Property market, its indeed a skill
Bhai mere ek business krne se achcha 10 business me 100rs each invest karna Jo longer run me 10% growth de de ..
Acchi companies ne Paisa banaya hai agr aapka base big ho to lower percentage se bhi aapka Kam BN jata hai..
Business krne ke liye bahot kuch lg jata hai ye nhi socha aapne
Navdha, Best wishes for your journey also 💐 God bless you.
Is there a way, other than equity, by which you can invest in startups and small companies, considering you dont have a big sum to contribute.. but like in a SIP model or like how some commercially leased real estate models ? How is that done ie. The process ?
Right questions - way to go !
Awesome financial speech❤
Thanks a lot!
Good and informative video
I'm from 2021, journey started.
Awesome, very insightful without complicating the stuff.
Glad to hear it!
He is true on EMI front. If we opt for EMIs then its impossible to achieve financial freedom.
So 5 crore is financial freedom
She is a sweet girl. Beautiful smile.
There is a huge disconnect between reality and such interviews. If FIrE was this simple with a bunch of equity SIPs and direct stocks - trust me we would have been even more poorer due to inflation.
Absolutely
Excellent video. keep up the good content. This man is super simple and super sensible.
What clarity..superb..👍👍 keep getting such inspiring people who have done it themselves
Thank you!
No one talk about agriculture.. But they want good food to eat
Before Financial freedom, achieve "FREEDOM" , quoting my experience..
How? By trading?
Insightful video with lot of information. Thanks @powerUp Money ❤
Thank you!
I think seeking financial freedom through investment alone is a bit of a mediocre mindset. While investment should be made necessary in everyones life but one should not obsess about only that to gain financial freedom. I think upskilling yourself should be a priority so that one can increase income manifolds which in turn will help in investing more and compounding more and hence gaining financial freedome earlier.here example has been given where a monthly investment of 30k-40k will help gain financial freedome in 11 or 8 years respectively. But a person earning more who can invest more than 40k can gain financial freedome much earlier.. So increasing ones income through up skilling,learning should be first priority
Thank u mam for making this video ...
Kindly make more videos
God bless u keep growing ...
Anytime :)
15% consistently every year is bit tough. The avg is 10%
What is your cagr return in mutual fund since investing
Very few people can start investing 30 thousand at the age of 25.
Have you seen the salaries in India. Fresher in IT starts by 15000 rupees per month (if he manage to find job).
After 35 we can think about investment.
After 25 years, with an annual inflation rate of 6%, the purchasing power of Rs. 5 crore would be equivalent to approximately Rs. 1.16 crore in today's terms.
Nice interview thanks Raj
Thank you!
30 K/month for investment is not everyone's luxury after government's tax loot.
Great content..... please continue this financial freedom series 👍👍👍
Sure. Glad, you liked it!
One of the finest interviews I can say
4:56 the 10% step up each year is not realistic for a common person.
The numbers given (2cr, 3cr, 5cr) are based on the person carrying on investing monthly for all those years.
For this example given 40k with 10% step up each year from previous year (40k, 44k, 48.k etc) On the 25th year that’s when the corpus is 5cr, the person will be investing over 2.6 lakh per month which I don’t think is reasonable or realistic.
And even if the value of 10% is fixed for each year from original 40k. 25th year monthly investment would be around 1.4lakh per month (40k + (4000x25))
Very clear insights
Wonderful conversation. Keep doing good.
Thank you, Sanjana. Glad, you liked it!
Very well Summarised 😊
HE IS JUST BRILLIANT
Never seen a financial guru take inflation into consideration. 5 Cr corpus after 15 years will be just 2.1Cr (inflation adjusted).
Of course, but 2 Cr is still good money.
This 5cr can give you 12 to 15 percent yearly, so this 5 cr amt will get increased even we consider inflation what amt becomes still better.
Bro. Dont do maths., Just dont invest 5Cr or 2 cr is less
first of all how can a common IT empoloyee at 25 years earn 1 lakh a month to calculate 30 k investment, when i got job at 25 my salary was 25k per month and in hand i got 22k now i earn more than a lakh @ 33 years old now i have started investing 25k per month. i feel like FIRE is overated for normal employees , it works good for employee with high salary
Your salary will increase with you experience and so your saving rate, just keep investing and increase it with every salary hike. After few years yours savings will grow exponentially. Just stick on the path
very nice RAJKUMAR
Your compund interest calculation is wrong
in a bull run for about 10 yrs, its all possible.
which mutual fund he has ?
Hi Guneet, As per SEBI guidelines, we tend to avoid mentioning specific mutual fund names.
@@PowerUp_Money can you mention only the types like small , mid in how much % of total portfolio?
Very good information 👍
Many many thanks
Very nice content and informative
Thank you so much 😃
Wow!! One lakh per month at 25 years is. Lot
Insightful. Great Rajkumar!
Glad you liked it!
Awesome, love the video :)
Thanks a lot😃
Most of the videos on fire/ financial freedom are very stupid.. they dont consider mandatory life expenses like marriage , support to aging parents, kids education, home , car , vacations... Also the 5 cr he is talking about after 12 -15 years would hold really less value .. I dont think you will be able to afford a flat in 5 cr after 15 years in any tier 1 city.
Inspiring podcast 🙏
Glad you liked it😃
I am 37 , please recommend some plan for me
good video, 15% is on the higher side though
15% growth taken is a long shot and not always true
No it's absolutely possible. Please check nifty next 50 index mf return.
My wife has been investing in mf for the past 10 years and generating 18-22 CAGR..
I have been doing stocks for 4 years and generating about XIRR of 40-50%
15% CAGR is easily doable.
Trust the process and start today
Not 15% , I say 18% is easily possible
Pretty much doable
Haan to tere pas hai kuch aur method!!! If not then do what he said
Nice clear vision
Thank you!
After 20 years what will be value of 5 crores?
Ye ajke 1.25 cr ke equal hoga yadi 6% inflation ho tho.
Phr tho apke hisab se jiske pas aj 1.25 cr hain vo financial free ho chuka hain.
Bhai sahab itne main tho aj acha ghr nhi ata.
Na koi life ko explore kar skta hain.
Na world tour kar skta hain.
Ye kaisa financial freedom (fire)hain bhai sahab.
Bhai paise ko invest karke chordo aur sirf apne day to day life ke kharche pe focus karo , jab manlagega ki aur nahi ho raha tab investment khol ke dekhna 5 ka 10cr ho chuka hey
So do you have any better solution or shouldn't people invest then and live paycheck to paycheck? Not all are stupid like you
So do you have any better solution or shouldn't people invest then and live paycheck to paycheck? Not all are stupid like you
Better than Zero, atleast some security. And how many have even 5 cr you tell me.
Planning to invest 1.7L per month for the next 10 years, hope i can achieve financial freedom by then
If you can invest 1.7L per month after deducting your life expenses from income then my dear friend, you have already achieved financial freedom 😂
Experience speaks.
I can have balance in life only after touching 1Cr.
Iam 20 lacs short as of now but debt is there
One question how to calculate retirement corpus number .. I was waiting for that question
25X times of your annual income
@@shivajinalawade6128 Annual Income at which stage of your career?
Search retirement calculator in google
Subscribed!
Great content 🎉
Thank you 🙌
Also inflation , currency devaluation. Not considered
A normal 25 year old engineer can’t earn 1 lakh a month
Be practical talk about facts
Just showing random numbers doesn’t give you financial freedom
It will give you in excel sheet
What about purchasing power of 5cr after 25 years sir ji.
But 5 cr is still a good number even after 25 years
Inflation will always be there whether you invest or not, which is better?
Salary itself monthly 40, what can we do
Invest 30-40% of your salary
First step - double your salary asap
2nd step- Invest 50% of salary in Mutualfunds
Sir right right right right right
Pls stop right
if someone starts at 40, goal is 50 cr, how much should be monthly sip
No one’s talking about inflation 🤫
Which 25 year olds are eary 1 lac 😮
Had similar query in mind 😂
A lot of people actually in a city like Bangalore or hyd.
True, even new entrant to Software engineer won't get that amount. But @ the age 28 you can achieve earning 1L if you learn new things in any job so that you can start SIP with higher amount...