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How Much Money Do You Need To Retire Early?
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- Опубликовано: 22 июл 2023
- Samit Singh, who managed to retire at the young age of 50!
He shares his insightful journey towards financial independence, offering invaluable tips and strategies that enabled him to save and invest wisely for the next 50 years of his life.
If you've ever wondered how to take control of your finances and build a stable future for yourself and your loved ones
Know more about Wint Wealth: bit.ly/3T2HbuW
Retirement excel sheet: bit.ly/3YaDpUa
Very few will use this excel. But very few who will use this, will feature on this channel in coming years.
Kudos. Great Content. Keep educating more.
Very good video, and offcourse very good excel. An observation - in Retirement corpus worksheet: in D 32 cell, is it correct to consider age difference as C3-C2. It seems to me that it should be B32-C2. If I am going wrong, pls be kind to clarify
Also, if the future goals fall in the period of pre - retirement, the expenses projected are not accounted for in pre - retirement file. I manually did it, but, if these expenses are higher than the pre-retirement corpus generated, entire file goss to the toss!! :(
There seems to be some error in the sheet, if you increase the target retirement age, the value "You'll have money till" goes down which is the opposite of what should really happen.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Mind if I ask you to recommend this particular coach you using their service?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.
His monthly salary is anywhere. Between 11.-15 lacs per month . Very few get this opportunity. Great thing to be shared. Thanks.
You're not considering the time he's invested to reach that salary. You pay time and get higher salary in return.
I retired at 55 by choice because of the following method:
1) Start an SIP (not less than 10% of monthly take home) from first salary onwards.
2) Monthly SIP amount should increase by 10% every year
3) Don't incur avoidable lifestyle expenses that would make a withdrawl from the corpus inevitable
4) Buy an appropriate apartment, if essential, just before retirement because the rental yield from ownership is less than 2% annually
PS - Be physically active with daily exercise routine to maintain a healthy life.
When evaluating ROI on property yoh should consider capital appreciation as well as rental yield.
@@cherishgp
The return on property is after considering both. It is a incorrectly assumed that capital appreciation is superlative because it happened for a few years. This is the reason for significant advertising by real estate sector.
This qoute hit hard - " your income is not permanent but your expenses are permanent"
Thank you. Yes, that’s the truth!
What is use of four houses
Living in farm house is hazardous for top crat officer 😊
Thought provoking
Not only permanent but it grows annually.
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.
A robust strategy is crucial for any investor's portfolio. When it comes to making high-stakes decisions, the greater the risk, the greater the potential reward, and it's wise to seek guidance from seasoned professionals.
I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
My Financial adviser is ‘’'Natalie Lynn Fisk ’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and 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 her before scheduling a phone call with her. She seems proficient considering her resume.
This has to be the best video I've ever seen on early retirement. He has clearly put everything.
+1 was about to write that
Thanks
@@kumarsamit1 Hi sir. I would like you to post few personal finance videos in your channel. It will be immensely helpful if you could share your knowledge and experience for students like us.
50 ₹ 3,000,000.00
@@pavansiddharth2279I have lots of ideas and discussion topics. Unfortunately not savvy with video and audio editing. Works not prefer to put up sloppy videos.
The secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.
This is really amazing though. I'm curious as to how he did it. Was it real estate? Or he was a market enthusiast?
Investing enthusiast? Not my dad. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I'm hesitant to make recommendations like this online so I can't drop her contact here, but you could look her up yourself and contact her if you wish. Her name is Sharon Louise Count.
I appreciate this, man. I'll look her up, and I hope I'm able to reach her.
I am 45 years old with very little set aside for retirement at this point. I have always been curious about the stock market and have witnessed some people who played the game right and retired early because they used the stock market. When I ask them, most said that they invested very little to start with, but their portfolio grew. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns
I recommend to pick up and read a few books. Peter Lynch is where I was recommended to start. Learn different strategies so that you might develop your own
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again
@@cloudyblaze7916 Please, could you pass along your analyst contact info?
@@evitasmith6218 My advisor is Eleanor Annette Eckhaus I found her in a business magazine where she was featured and reached out to her afterwards. You can look her up online if you care supervision, just search her name
@@cloudyblaze7916 Thanks for sharing, just looked up on google and I'm super impressed with her credentials. I dropped an email on her webpage and hope she replies soon
Most of us won't have his income but there is no harm in learning from the principles Mr Samit has expounded in this video. My personal takeaways are as follows (in no particular order):
1. Focus on assets that make you returns to build the retirement corpus. Be intentional.
2. Understand what are the things that are important to you in your retired life and understand what they will cost you alongside your living and contingency expenses. Build the corpus accordingly.
3. It is not about how much you make. It is about how much you save and invest.
4. A meaningful life (taking from his desire to do gardening and travel) is more important than a purely material life. Sometimes they may intersect and that is fine but, it is important for you to find your own meaningful life. Mine is to be able to sit down with my father in the evenings for a peg of 21 year aged Johnny Walker and watch a movie without caring about what the next day, week or month holds in terms of work life. Also, I would like to explore my country with a bike.
Wint wealth and Samitji, thank you for this. Wint Wealth, please share more such videos much more frequently! Belated thanks for the video with Mr Handa too !
ho gya????
kya baat hai! 4th point is goals!
@@AMITKUMAR-nf8in lol
Bakwaas
lovely comment - great takeaways.
This man is so genuine...
Thanks Imran
you should interview him every year to see what new thing he learned
Happy to share updates and experiences.
Mr Samit your decision to stay at farmhouse is worth emulating. Your inputs on how to buy a farmhouse and maintain will also be very useful.
While a person cuts down and is happy , more often it is too difficult to get the family to do so too . Lucky for him to have an understanding spouse and son .
Very well said, Prem. Totally agree.
True
That's the gold standard of wisdom oozing out. Thanks man for sharing.
Thank you. Glad you liked it.
What a sorted person he is, very mature and helpful talk, a lot of learnings about FIRE and managing relationships with money. Would love to see more of such stuff!
Thanks Anil
What does FIRE mean?
@@ShashankGupta05 Financially Independent to Retire Early
@@mudit20011984typical idiotic goals
I agree with you. He is indeed a sorted person 👍
Having financial discipline is most important. From this video, i and my spouse got to learn a lot. Put your Money and assets to work and let it earn for you. Need to learn from the legends such as Samit Singh.
Thank you @bgnataraj
A gold standard video for all private employees as we dont have pension . Thank you, keep posting
Thanks Soham
Men proposes and God disposes, we can plan, but God has another plans. So enjoy each and every moment of your life 😊
People normally do not talk about inherited assets and how that helped to create a huge net worth. That compounded inherited wealth makes a big difference
Yes you right. But also remember that inherited assets may come with lots of legal headaches.
Inherited assets most of the time will not fetch any cash, you cannot sell it because you have to pass to your kids.
@@PixelAnatomy
But this is always an extra cushion for Financial independence. You can rent it, live in it.
You can retire couple of years early
The price of Maruti Ciaz starts at Rs. 9.30 Lakh and goes upto Rs. 12.29 Lakh
Take his annual income 1cr approx.
And this is after tax
F** hell!!
@@SachinChauhanDevhe doesn't pay much taxes - passive income is 10% deduction on profit whereas salaried is 35% over even higher for 1CR + CTC. He has a portfolio of 10 CR +
With that kind of clarity - you are in path of FIRE!
Samit, I have to learn my excel sheet from you, maan! What calculations, my jove. While it's all good, life's imponderables are fantastic n most unpredictable. I agree one must secure one's future. What he said towards the end, is what I wanted to hear all through- it's happiness what you are living or working for. Those who live lives which are uncluttered and simple, tend to be more contended both while working and in retirement. Money is definitely important but more important is happiness n harmony. Do what you have always liked to do - sow dahlias or chrysanthemums, tomatoes or bhindi in your garden, cook a biryani in your kitchen, read lots of books, look at the distant mountains from your cottage or enjoy ☔rains. Economics of retirement is crucial but what you can't buy with money is state of mind or happiness. If you counted your investment all the time while working, believe me even after your retirement you'll be doing the same.
Thank you Amit. You have very aptly put forth the emotions that went through retirement planning.
bhai ye channel sach me next level content la raha hai..
Thank you so much guys.. love this channel
Thank you!
Quite impressive, happy to work with him in corporate, seriously a role model for many of us, wishing him a great life ahead😊
Thanks Sanjeev. Trust you’re doing well.
Cost of 1 Maruti Ciaz is ~₹10,00,00.
So this guy earns approx ₹1.2 Crore per year.
that is post tax. his ctc would be more than 2cr.
Per month*
Wint wealth is doing a great service by showing real examples of financial independence.
It becomes hard to imagine and plan long-term into your 50s.
The wisdom from such people makes it look much more realistic and methodical.
Thank you ❤
I can listen to this convo for 22 hours straight.
Thanks Lalit. Happy to connect.
Summary : income is not permanent but your expenses are permanent. Learn to respect money and invest wisely. Thanks for this wonderful interview.
We want more video like this. Thanks a lot for providing such a great and valuable content. ❤❤
Glad it was helpful:)
Thanks Yashpal. Glad you found it helpful.
This gentleman has next level clarity on this 👏
Thank you
The only thing that was running in my mind is the lady behind. I heaved a sigh of relief only at around 4:40 when she moved.
😂😂😂
Very sensible and practical and one of the few people to confirm that investment in property doesn't always provide great returns or growth nor is a liquid asset as compared to other movable assets. Most people foolishly put too large a chunk of their assets in property. Cashflow and liquidity is more important as well as growth.
Thanks. Glad that you liked the talk.
Wint wealth is doing a great job making us aware of such people not known to many of us. Pls invite more people, if possible younger ones like 30 something who have also achieved financial freedom in true sense. I know it would be really hard to find such people.
Thanks Siddharth
Yes it's very help full to learn how we can achieve financial freedom too
One of the best interview about retire early. Samit Singh sir, you are inspiration. Thanks for sharing these valuable tips.
Thank you!
I manage a pension fund abroad and one of my client retired this year at the age of 42 after investing one crore in 2013 the day Raghuram Rajan joined as the governor of RBI. He is living off by taking 20% of the dividend returns of Rs2.6cr he receiving now and reinvesting the rest. Only long term value investing works for the people who wants to retire early.
His salary is between 1.1 Crore to 1.5 crore
Per month?
No
Few months back I've self prepared an excel sheet to track my savings and expenses. This video is helpful to add few more inputs...
Excellent!
Best of luck with your FIRE journey!
@@kumarsamit1 thank you 🙂
Now I have more knowledge about personal finance. I just subscribed to your channel. Big ups to everyone working effortlessly trying to earn a living while building wealth in this recession. I’m 45 and my husband is 51, we are both retired, no debts. We are planning on relocating to Thailand. We are currently living a frugal and financially savvy lifestyle and generating passive income even during this recessionary period. Our commitment to saving and investing in the financial market has enabled us to maintain this lifestyle and continue earning monthly passively through investment!"
any suggestion for passive income you have done which you can share here.
Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas. I want to be retired in my forties or fifties.
Sanrock, No problem at all! If you're seeking to earn substantial profits from your investment, I would suggest determining your investment horizon and implementing a long-term plan. I worked with Claire Martha Magalhaes to create a long-term investment strategy, and she assisted us in managing our investments while we focused on my jobs without any concerns.
Thank you for your advice. It's challenging to find a reliable investment advisor here, and I appreciate your input. Seeing the successes you've achieved through investing, I would love to have access to your investment advisor's information if you wouldn't mind sharing it.
I work with *CLAIRE MARTHA MAGALHAES* ,who is based in the United States. If you would like more information about her, you can conduct a search online. She even got featured on CNN recently.
Let us not demonize real estate as completely a lost opportunity cost. In a well-rounded portfolio, every successful investor has real estate for the following reasons :
1> Diversification to mitigate volatility
2> Inflation adjusted Rental income
This guy only speaks of capital gains while selling his house, but if he had bought a house in a locality that would yield 2-3 % rental yield, the capital gains is proportional to the years of ownership.
The bottomline is we need to have every asset class for a successful portfolio - Equities, Mutual Funds, Real Estate, FDs, Gold and Bonds.
This is one of the best early retirement videos for Indian context with practical advice . Keep it up wint wealth
Thank you! Will do!
Thanks Sandeep. Glad you liked it
Discovering oneself at the convergence of financial abundance, sufficient leisure time, and robust health is an exceptionally fortuitous juncture. Allow me to extend my heartfelt felicitations on this noteworthy accomplishment, Samitji! Your gracious contribution of this splendid video is sincerely appreciated, and the lucidity of your thoughts therein is truly remarkable.😊
Thanks Dr Kallal. Your words are very inspiring and motivating.
Remarkable, also, is your grandiloquence.
His situation is created not found.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Anna Williams
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
What impresses me most about Anna Williams is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
Isn't that the same Mrs Anna Williams that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well
I'm new at this, please how can I reach her?
I am not sure how you made that money to retire early but I am sure if you start a RUclips channel or FIRE Masterclass, expressing your views and sharing guidance, you will earn way more than what you already did. Your clarity on thoughts is just amazing. 14 mins is too short to hear from you.
Thanks
"Remember that your Income is not permanent, but your expenses are permanent." - Samit Singh.
Superb. The only thing sir should consider is fitness. Im 52 , will be financially free by 58 but i compensate that extention by embracing fitness. I am gym fit at 52 (have be working out since 30years) and have streamlined toned physique. I live a life of a 35year old and at 58 i should be biologically 40.chronological age is less important,biological age is more important . Rest I must say ,Sir has planned his finances splendidly
Riyaz- you’re an inspiration. I wish I’d focused on health the way you are.
@@kumarsamit1Sir, you can make a start on that now. My dad is 83 .Still practicing as a doctor . My mom is 78 ,practices yoga and is fit . For them ,Im still young at 52 .And sir, you have the world at your feet as far as financial planning is concerned . Few could achieve what you have. Just close on this one critical compartment and you will feel like a king. Medical expenses will be minimal. That will be additional saving.
Wonderful Riyaz, most of us forget this aspect of life
@@sachn21 Thanks .
No offence but I am a doctor myself.Avid cyclist.Regular exercising.Now aged 48.1 year ago did my 300 km BRM cycling.Yet got cancer.Now a days be it environmental factor or else cancer is on rise..So just going to gym will not make you immune from various illnesses.Be prepared for the worst which I had luckily.My opinion
0:06: 💰 The speaker discusses their retirement expenses and the amount of money they saved before retiring.
3:02: 📊 The speaker discusses their retirement plan and calculations.
6:04: 🏠 The speaker discusses their experience with investing in properties and how they lost money in most of them except for one house in Bangalore.
8:39: 🏡 The speaker discusses the impressive quality of life and financial benefits of owning a farmhouse.
11:59: 💰 The amount of money needed to retire varies depending on personal factors, but it can range from 2 to 3 crores.
Recap by Tammy AI
Who is this tammy ai I'm seeing on almost every informative videp
Kudos to you for achieving your financial freedom. It might have taken a toll on your health for these many years. I think this is the right time to invest on your health for the next 50 years. Just like how you've meticulously planned for your retirement, health needs meticulous planning & execution every single day. Wishing you a healthy retirement sir.
I think that he has a
Totally missed out the health part. When you are planning for retirement it's both your financial soundness as well as health. Hope now he put mindful calculation for his "Health".
Keep eating kheer, puri and keddu evwryday..you can save and retire for another generation😂
Cute of him to plan for 100 years. It will be a wonder if this guy makes it to 70.
Beautifully put out, wish you the best for your retired life sir.
Thank you!
Please keep making videos on early retirement. This is helpful.
Will do!
Glad you liked it
SamitSingh Guruji And Wint Wealth Team, We All Are Grateful For Wisdom In This Video
Thanks Pavan.
Helps young generations to retire more early ❤
Not necessarily that they need to retire early. But they should be able to take the plunge if needed.
The clarity he has
Thank you Buddy!
Never Retire From Work..
Once You Achieve Your Financial Goal You Can Switch To What You Love To Do And Earn From It..
Keep Yourself Engaged As Long As You Are Physically & Mentally Well..
Retiring At 35-40-45 Sounds Interesting But It Is Damn Boring Decision..
Do Cut Out Yourself From Over Load Of Work..
Do Give More Time To Family Friends And Society..
But Don't Ever Stop Working.. 🙏🏻
That's what most people do. Very few people would completely withdraw themselves from any kind of work.
The best Episode I have ever seen, thank you wint wealth for adding value in our life, God bless you
Thanks Shriram.
nice and informative. just doing maths (for fun) -
Current Corpus :
(1) 15lac p.a. inflating at 7% and return of 8% for next 50 years - roughly 5.5cr
(2) son's college education - another 0.5cr
(3) since vacation, medical and margin inflation is higher, we add another 2cr
Overall 8cr in 60:40 equity:debt. Then there is 18% of real estate. So overall of which .
What say?
Such a clear, detailed and honest thought process .
Thanks Aravind
Yeah sab early retirement high-end job walo k liye hi possible hai baki to sab 60 saal tak job hi karenge. So jo hai usme hi thoda time nikaal ke enjoy karo.
It’s not impossible Patel bhai. Stay positive. It takes 8-10 years and can be done by a lot is us who are not even at income levels.
Consistent modulated voice soothing on the ears...this is quality stuff...makes lot of sense and adds in that essential value which we all are looking for ❤
Thanks. Glad you liked the talk
Appreciate his take on calculation part. Keeping a blanket inflation percentage is not a sound approach. Few things will become more expensive than other.
That’s true Rahul. Calculations need to be accurate
He factored an additional amount for unforeseen expenses
This man is living my dream, buying farmland to grow fruits and veggies. I bet the air is a lot cleaner in the village compare to Bangalore.
burn like him in early 20 and 30's
Thank you. Yes, air is very refreshing and much cooler than Bangalore.
You are so right. No one sees the 18-36 hour long shifts that I have done
@@kumarsamit1 In the same fiasco now, Sir. In an MNC job where I'm nearly saturated. Just working to pay bills, and debts which I haven't even taken (taken by parents during their time in my name). I cannot even remotely think of retirement at 50, cos I have little to none that I can save with all my debts. I'm already 42, but I no longer overthink all of this cos I know some things are just out of our control and we need to take one day at a time. Tomorrow is not in our hands, and neither are we assured of waking up to it, but today we're here, lets make the best of it, peace!
Basically before retirement he used to earn around 1.2 cr... Roughly
1.2 cr after taxes which means he earn at least 1.6 cr
exactly😂
Think about he saved 90% out that😅
@@abhishek0727yea so basically he was living month to month on a salary of 20 lakhs per annum and saving 1cr .... 20 or 30 lakhs per annum is still a very high salary ....
Stress makes you quit
I really don't understand the urge to retire early. That can only happen when you don't love your job and are frustrated to the core.
I personally don't want to retire, work keeps me young and healthy. I meet a lot of nice (as well as weird) people, I take a yearly vacation of 1 month. This way I don't have to wait for that magic age to retire and do all the Excel calculations.
Samit Congratulations. After listening to you my introspection got more belief.. Yes one should now (after retirement )perceive happiness 😊 rather
than anything else.
Thank you.
Amazing analysis, but I have a question -
At 6:19, Mr. Samit calculated the returns on the house to be 2.8% P.A solely on the basis of the market value of the house. I think he should also factor in the potential rent that was saved (or earned) for 10 years.
Assuming the rental yield of 3-4% in Delhi, the rent of a 50L house would be around 15k-25k (adjusting inflation and property price for 10 years). This adds up to a potential rental of around 18-24L, making the overall returns on this transaction to be 6-7% P.A
Right - imputed rent. Also include monthly expenses for the house on the other side of ledger. Then you have inflation over 10 years as well plus one off maintenance items.
Excellent and clear thoughts.. Hats off to the team for making this video
Hey Samit...
Good to see you here!!
All the best for your new life..😊😊
Thanks Soni 😊
Don't over think! Man proposes and god disposes. Just enjoy living, live humble with humility. Eat clean, work with ethics, exercise regularly, sleep peacefully and calm your mind and live in the present. Rest will fall in place. Actually even after the pandemic, humans never learned!! It was such a huge learning curve and we absolutely wasted the opportunity to open all our eyes. Good luck to you.
Best video so far on this channel.
Please ONLY bring such quality content
Thank you. Glad you liked this.
That Excel sheet concept though ❤
Yes. Have been improvising it over many years.
This is the same thing consultants do.He just served right us in the open plate and save your consultant fee of some lakhs(although mostly percentages of wealth).
12 Ciaz (On road price in delhi as per website)= 12.5 Lac per month = 1.5 Cr / yr
I'm planning to retire by 40.
I'm not going to live a luxury life.
Looking for peaceful, standard life.
I'll go with a nexon ev rather than bmw.
You are right Dileep. Decide what you want in life and from life.
A big thank you to Mr. Singh and the channel team for Such clear and valuable information 😊
Thank you.
50 ₹ 3,000,000.00
How many of you checked out the price of Maruti Ciaz after looking at this video?!
That was such a useless distraction! My apologies.
What he said about real easte is so true. Its a cyclical investment. Lot of people invest im fomo and then get mediocre returns.
Invite people who retire in 30s n 40s with less savings like 1crore and how they manage
Great video for finance planning and financial independence. I feel audiences are ready to listen this kind of videos for atleast 20 minutes.
Glad you liked it
I love people who retire early bcz they give chance to new generation
I agree. Plus, also get a chance to live a life of their choice rather than slogging mindlessly for money.
HTTPS://happyretirement.in
Health is wealth , retirement is a death knell , people who retire early tend to die early vs people who work into late ages, working keeps the faculty's sharp , the secret is to find a job u love ... everyday is a vacation .
He is a role model...period!!! fantastic video!!!
Thank you.
You're content is really appreciable ( can also be said as an asset ). Though i am 18 but could learn from this channel a lot.
Would like to have more such stuff! ❤
Ashish, at the young age of 18, if you can learn anything from this conversation, that would be fantastic. You are off to a great start!
Learn the basic net worth statement he showed and other basics of financial literacy. Walk before you run. If not born into it wealth is created. It doesn’t just happen. Make a daily effort to self educate. What YOU put into life is what you’ll get out of it. Use whatever happens as lessons vs excuses. Good luck.
Quick notes:
Your income is not permanent, your expenses are permanent.
Home for living is ok, but buying home as investment gives lesser than FD returns. Same money put in index will give much more
There is not a single number, Number depends on your lifestyle. Where you are living. Type of family, Kids education, Tire 1 or 2.
There is less chance the industry will keep people above 50yr age employed, you have to plan your retirement whether you like it or not at 50.
If your 50L house becomes 1.5cr you cannot partially sell one bedroom and get 50L. And selling real estate is not a quick thing.
Agriculture land has appreciated by 75% in past 2 years.
Even at this age, Sir is 60% in equity and 40% in debt.
Remember, there will come a day when you will stop earning and you will live 40 yr or 50 yr after that.
Super summary!
This guy is really wise and seems very clear on what he is doing
Thank you.
With all due respect sir kindly invest in your health as well. With that kind of centripetal obesity...100 is ...
Thanks Puru. You are right. Health is one area I haven’t focused on. I intend to do that now.
Excellent information and very practical thought process Samit!!
Thanks
I am grateful, with these kind of videos, WINT is providing answer that how much money in enough money.
Thanks Wint
Glad you liked it!
5-10 grams of Gold is enough for a month of your family of 3 to survive(depends on which city you live), this formula is evergreen in whatever year you live.
Wow. That’s a nice inflation linked calculator!
I’m even more impressed with the way this man is being kind to people in the comment section who are being outright rude :) , nice to see him acknowledge that he has to take care of his health too now
Thanks Reuben. What they say is more important for me than how they say.
Great work. This guy really has clarity on how one should live his life
Thanks Rohit
Guy? show some respect d*** head
He calculated income from house basics of it how much return it gives after 10 yers but he would have get rent on those houses for 10 years
BEAUTIFULLY EXPLAINED. Just a brotherly advice.. give equal priority and emphasis on maintaining a healthy lifestyle by giving atleast 01 hr daily to physical workout.
Watching this video with 4800/- in my account
Health should be also part of your asset/ savings
I agree Sujith. I’m been poor on that aspect.
Sensible advice, we are earning to enjoy life but need to think of the future too. I hope to apply some of these lessons in my life as well.
Absolutely!
I don't like this trend to retire early. Like what is the point. You should be contributing to your country in any way possible and u want to retire at 40 . Bhai 40 saal Mai Jo aadmi 60 saal ke jaisa lag rha ha, usne fir kya hi kia. Bas Paisa chhapa and apni zindagi nhi jee. Fir sochoge ki early retirement plan kr lete ha aur moj krenge. Are grow up man. Kitne din kaat loge aise. Kitne din ghoom loge..kitne din bar chle jaoge..kitne din daru pee loge. Kabhi toh body jawab degi. Aisa mat kro please focus on yourself and iss country ke kuch mahan logo ne kuch soch kr yeh age pakki ki thi retirement ki. Unki toh respect kro.
Next 50 years while already in your 50s? Health is the greatest wealth, use some money to get a personal trainer and cut those belly and live the last year's healthy. 🤗
I too wanted to give him the same advice
Samit, loved the clarity in thought and the brevity of putting your knowledge across. Belonging to the tribe of aspiring early retirees, this certainly is one of the best videos have watched in recent times. Thank you for those nuggets of wisdom.
Thanks Srini. May you achieve your happiness as soon as possible.
What clarity? A person who only loves excel sheets & has Switzerland @number 1 in the bucket list after retirement can end up with very few options, watching the rain from a window at the foothills of the Swiss Alps is certainly not one of them.
You need to have things inside yourself & not in the banks to enjoy life
Honestly ask yourself , with this kind of physique at 50, can I go for a weekend hike & live inside a tent 2 nights in a row?
If you want to retire early, one must practice reducing expenses. Reduce expectations.
Dude didn't invest a penny on his health
His wealth will contribute to his peace of mind. Which will then... Endless jacked dudes die due to stress
No one is perfect. He will sort it as well.
Jr. Junjunwla
You're fit and broke,he is still winning in life.
100% agreed, ur health is the biggest asset
You sir need to be on more podcasts. Very thoughtful interview.
Thank you. That’s a very motivating statement.