Middle Class to Rich using Salary | Middle Class Trap | Hemant Pant | Broke middle Class Trap
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- Опубликовано: 26 июл 2024
- Broke Middle Class Trap with this Salary | Journey to financial freedom | Hemant Pant | GiGL
Time codes
00:00 :- Intro
01:32 :- Financial freedom with 1Lakh salary
06:25 :- What is F.I.R.E Moment
13:32 :- Expenses after Financial Freedom
15:24 :- first 1 Cr. & Role of Savings
16:50 :- How Shubham achieved Financial Freedom Fast
20:00 :- Risk taking attitude
24:00 :-Poor people buy Lottery
25:22 :- First Trading then investing
27:19 :- Make more Assets
31:35 :- Beating warren Buffett
33:28 :- Person with 100 Cr portfolio
35:05 :- Role of Luck
38:20 :- How much to Invest
45:40 :- How Investing works
47:25 :- Fear of Investing
49:34 :- People with 25k/50k salary
53:05 :- Learnings from Podcast
First Copy this Google sheet and then you can edit it:-
docs.google.com/spreadsheets/...
Shubham Investment Course:-
www.greatideasgreatlife.com/w...
Shubham twitter handle
/ shubham_tli
Shubham RUclips channel
/ @thelogicalinvestor
My Whatsapp Channel:- whatsapp.com/channel/0029VaA4...
200+ FREE Books in HINDI/ ENGLISH:- gigl.page.link/5668JkwcihHwfX6AA
GiGL Main Channel (6.7 M Subs):- / @giglindia
My Instagram Account:- hemant.pant28?i...
My LinkedIN Id:- / hemant-pant-486a38226
First Copy this Google sheet and then you can edit it:-
docs.google.com/spreadsheets/d/1jqWopE6egDSZgenPMa4o89Ri3UoqOKmTXtjWvIRxwLY/edit?usp=share_link
Shubham Investment Course:-
www.greatideasgreatlife.com/watch/full-investment-course-beginner-to-advance/
Shubham twitter handle
twitter.com/Shubham_TLI
Shubham RUclips channel
www.youtube.com/@TheLogicalInvestor
200+ FREE Books in HINDI/ ENGLISH:- gigl.page.link/5668JkwcihHwfX6AA
GiGL Main Channel (6.7 M Subs):- www.youtube.com/@GIGLIndia
My Instagram Account:- instagram.com/hemant.pant28?igshid=YmMyMTA2M2Y=
My LinkedIN Id:- in.linkedin.com/in/hemant-pant-486a38226
Subham ji ka youtube channel link sir
Hello, link is opening in chrome. Not able to make a copy. If I copy and paste it into new excel sheet, there is no formula. Kindly advise
😊❤❤h
10l
😊
What about marriage expenses, travel, children, school fees, extra activities for children, car, home loan, etc. 2 BHK in a 2 tier city like Pune costs approx. 1 Cr. School fees is above 1 Lakh per year per child. Domestic trip with family for 1 week costs approx. 1 Lakh and that too in the budget category. Apart from that most of the folks have family responsibilities like education, marriage of siblings, taking care of parents and in-laws, etc. Simple Birthday party for kids costs approx. 20K and the fancier ones have no upper limit. One movie with family is Rs. 1500/- on the minimum side.
White goods needs to be refreshed every 5-10 years depending on the usage, quality and technology change.
House repairs needs to be done every 5-8 years which costs significant amount.
Vehicle needs to be refreshed every 8-10 years.
In the first year you are saving 50K per month, so the interest/returns will be delayed appropriately. So, the returns of 72K will not happen at the end of the first year, but a year after that.
True reality is that nobody able to save 20% of his salary & they are talking abt 50%
Marriage cost, Medical Cost and many other miscellaneous costs are missing. It is for someone whose forefathers have a huge sum of many and forefathers take care of every expenses in the family and he is spending 50% for enjoyment.
It is not for first generation working people.
Yes, absolutely true
Right inke liye har month sams expenses hai 😂😂
but, I have only 1 Father. I dont have four fathers.
Why do you even spend money on useless events like marriages? There are people who spend no money in their marriage, but instead, they use this money to wisely invest or make a good living out of it with their partners.
@@user-sy4mp8hq6i Family Pressure and for Show offs
Most companies will not give even 5% hike in IT field once you are mid management, Reality is different than excel formulas.
But in that case there base salary is to big compared to their expense. So they can still very good in hand amount to invest.
12 LPA = 80k in hand is more than enough to invest in properly
no one shares such important data for free but you both did it so thankyou.
@Hemant Pant, this is by far the best RUclips video I have seen. Thanks
Three mistakes bro... a) 10% annual increment is not practical and after 10 years of service, it's next to impossible. The increment % should be reduced with time. b) After 15 years, the corpus is compounding on the gross amount. It should be on the net amount after expenses. c) if 50% saving rate is assumed. Then the rest of the 50% should be considered as expense even after 15 years...
Good analysis, especially point b. But mota moti, lot of takeaways from the video
Bhai sahi bol rahe ho.. Inka kaam to bakloli karna hai
Expenses kabhi badha hi ni paoge aise toh... Only inflated expenses considered hai!!! Kaise loge Naya Ghar, nayi car, medical expenses, sudden expenses?
A) bilkul 10% se badhta hai top 10 cities me, even more to be fair. If not, then you are already getting poorer each yr. Also when we switch, 30% to minimum hike hai.
Not satisfied......not possible
thanks for sharing, I have known Shubham from your Video and purchased your course as well, Following him sense then he explains everything so simply.
This is one of the best videos for financial independence
Wonderful concepts
Thank you so much ❤
Invested in Flexicap,ELSS,Midcap and Smallcap funds with awesome returns
Subscribed. I saw many videos on FIRE from eminent people. This is the best and most practical. Thanks
Very good conversation resulted lesson for people. Problem Indian law by which different way litigation arises that's why people afraid to use their assets. Once laws started in favour of security regarding their assets, prosperity will came.
I am happy that you took my question. Thanks
1 lacs per month to 45 lacs per months salary growth in 15 years really dream for any salary person.don’t give falls hope to salary ppls
He did not tell that . U dint understand it properly
Stock market is all about conviction..Learnt something..Thanks guys.
Awesome interview. It held me for the entire 55 mins. Learnt from every minute of the video.
Very structured ❤
Overall good structure.
Not practical for life long because life is filled with many one time big expenses like house, car, child education, marriage
You can easily account these in your excel sheet like i did
It's a very nice knowledge for beginners ❤
Great work hemant I spoke to shubham Sethi logical investor ..I had been following you since last 7 yrs you are very consistent in your work love your content and get inspired 💕
Hi Hemant & Shubham, this is superb podcast, so much wealth of knowledge is shared here. I am thankful to both of you for being eye openers to so many.
I am generating 24% average XIRR in direct stock in last 4 years.
But my mirae asset elss mutual fund giving 34% XIRR and quant mutual fund 53% XIRR in last 2 year.
Now I am in should I continue in direct stock of fully invest in mutual funds
06:55 Understand the key parameters to achieve financial freedom based on salary and savings rate.
13:50 Investing in a corpus and taking out a small percentage each year allows for sustained growth and inflation-adjusted refilling
20:45 Saving rate and investment returns are crucial in achieving financial independence early.
27:40 Taking high-risk investments to achieve quick wealth is not advisable
34:35 Optimizing expenses, savings, and cash flow is crucial for middle-class individuals to become rich.
41:30 Successful investing requires a combination of hard work and luck
48:25 Investment allocation should be based on the risk-reward ratio and probability of success.
55:16 Variables for financial freedom: salary increase, ROI, savings rate, assets vs liabilities
Both videos were great 👍
And really very helpful
Jai Hind 🇮🇳
Thank's for these video my dear Sir both of you .........
Hi Hemant and Shubham. I am very happy to see the data you are sharing. My job keeps me away from family for half a year and hence even I was looking for ways to attain FIRE. Your sheet and method of explaining was very helpful. I am very thankful to both of you. Great job and keep it up. - Capt. Aashutosh.
SAME IS MY CASE. MERCHANT NAVY.
Armed forces have a kind of better opportunity to attain the FIRE at earliest. There are some folks from forces who are behind the traiding , then making losses.
Great to see these comments
All FIRE discussions start with Index funds and end with trading. I would suggest to stay with Index funds only.
Thank you Hemant Sir and Shubham Sir for Gold 🪙 Content! Will Comment after 8 Years regarding Acheiving FIRE!
Its important to customise this sheet.. for every column.. and possibly revisiting some of the rows based on job scenarios.. Good illustrations
Thank u Hemant for valuable information. Amazing podcast. Very helpful for middle class families. Thank u thank u thank u🎉❤
Great conversation. Thank you so much for such valuable content . Keep teaching.
Sir shi main dimagg khol dena vali video hai bahut hi shi video hai thank you so much
Amazing! ❤
Recently encountered your video, this was really a mind boggling video for sure. It's pure math and the good part of the math is it always works.
One request to create a video on your home Airbnb income, can we think of it as a side income.
Very informative session thanks
To get a 100cr portfolio in 10yrs , which grows at 50% cagr u need initial investment of atleast 1.75 cr... why show far fetched dreams to middle-class... middle-class doesn't have 1.75cr to being with. Talk about something viable and practical for middle-class
Thank you ❤❤
Awesome Video! 🔥🔥
Excellent Super Mind-blowing 👏👏👏👍👍👍🙏🙏🙏
Excellent information
Wonderful talk.. learnt a lot!
Thanks for sharing it.
Every one can retire financially within 20years … investing in nifty 50 index fund by investing 3k to 12k in every month …
😅😅 comedy
Theoretically it's looks good...Also the 10% hike you get initially period of the job and not after 10-15yra of exp ...Very few people get the salary of 12 lakhs as starting salary.
Real life situations are missed...marriage, new born, child etc. Hence theoretically it looks good and hardly for 1% it's possible
Yess❤
Yes it's true but plan with your practical amount
This is totally math and it works both theoretically and practically.
2+2 is 4 in books and in real life.
It's just you have to achieve a state where you invest 50k.
Fully agree, RUclipsrs selling dreams
Need one interview fully in English as well. Lots of good info
Hmare India ki ek dikkat hai, Hum ek policy sabhi income groups pe thop dete hai............. India is great, but Its true It will take decades to grow money, But takes few seconds to loose all.
Ye sab faltu ki baate hai not apply in real world bahut kam log hai india me jiske 1 lkh salary hai sabhi gyan dete hai har kisi ka apni life hoti hai time to har kisi expenses bhi badhega expenses har saal same nhi rahega
If the market consolidates for 2-3 years and we keep withdrawing monthly expense amount, this model will fail badly.
12% annual return is not guaranteed.
No sir it will not fail ... After 2 years of consolidation, a bull run is guaranteed in the emerging markets
When bull run will come, you will gain more than what you lost during consolidation
Very good podcast... keep it up.
Great work
Wow. Nice learning
1. Salary increment by 10 for always not at all .
2. Expensive can go sometimes up sometimes down if u are purchasing some new thing or enjoying
Hi Hemant, Thank you for providing such an amazing sheet. Can You plz enable that expanses column from the sheet which you shared.
Jiski salary 25,000 hai uske hisaab se batate to sahi rehta. 1 lakh salary max 3-5% janta ki hi hogi
Best video morning❤
I watched ur last video with him 4 tyms.... !! And I was inspired a lot ...!! Now I m watching this video, let's see how this is beneficial for me.... Will comment again.....!! 😊
This is very useful video for all of us....!! I will definitely follow this rule and will achieve financial freedom.....!!
Now work on increasing income. As said in last video. 😅
Good information
Bro I have 1 question
Ceo get paid by which stock compensation like rsu , esops , espp , stock option .
They take loan against share then they pay intrest by selling stock or what ??
Thank u 🙏
Biggest barrier is society, marriage and these things which pushes us to take decisions like laon for home, car and the whole EMI trap. And with increasing salary, people try to increase the standard of living, and don't keep the expenses stagnant relative to inflation
This calculation is taking the case of a person who earns 12LPA from year 1 of their career. Usually that is not the case with the majority.
Exactly
Hemant sir ko sab pta h.lekin phir bhi dekho kitna Aram se sun rhe h.
Sir is very inteligent ☝️
Nice calculation
9:55 the calculations will not be true in real life. Kyuki ek salaried investor every month invest karega, wo lump sum 6L se invest nai karega jis hisab se returns calculate kiye gaye hai. Initial years me jo growth sheet me dikhayi gayi hai wo reality me apke portfolio me nai dikhege. Lekin haan long term me (25+ years) me acha khasa corpus build ho jayega.
Great video
Shubam will be big thing in the future... .Mark my words
good one
Hi Hemant, a slightly unique request. its about Bharti airtel.
in their broadband plant their is some locha the way they charge the customer vs how they do internal accounting. e.g. Rs. 799 plan. they tell customers that its the charges of broadband service but internally they consider Rs. 649 for broadband and Rs. 150 for platform services. /
My concern is that are they inflating revenue of one business unit and providing wrong picture to investors
or are they lying to customer and are changing them these Rs. 150 un-necessary.
So request to you is that is there anyway this can be figured out or anyone to whom I can report this?
FYI - National Peroxide, IEX, Kiri Industries, DFM foods - any stock Shubham recommended in last few months have all failed.
Really 😂 but i got best returns.. unlucky person
@@nadeemulla6330 Really? I did not invest in his suggestions and I am still sitting on 49% profit in 32 months... but I am sure you are the 'lucky' one.
Vai India mha ... 90 % logo ka salary 15000 jada nhi heyy 😅😅😅😅
Such a funny video 😅
According to this calculation, if you get 10% salary growth every year , you are already beating inflation, you don't need to invest anywhere,
If after 15 year you have 50lac per month salary don't waste your 50% to invest.
This requires lot of discipline & frankly impractical.
Om Namah Shivay Om 🕉 🙏🙏🙏🙏🙏
The company he was talking about is Ace.
Currently trading at 1300+
Bas sab yehi chate hein , financial freedom mil jaye aur naukri naa karni pade bas pade pade paise aate rehe. Financial guruji ne market instability factor-in nahi kari , ye nahi bataya ki agar kal aapka investment doob gaya to kaha bheekh maangni hein . ye sab scam hai market mein invest karne ke leya , mehnat karo aur jitne time naukri/business kar sakte ho karo , bhavashiya aur jeevan ka koi bharosa nahi , sabse bada investmet tum khud ho , apne aapko banao , in logo ke chakkar mein mat pado !
Great work... Within 30 years everyone watching this video will overtake ambani and adani net worth...
And those who don't watch will
Can you also make a provision in the sheet to add lumpsum amount
I have watched so many videos on FIRE, but this one is mind blowing, your Excel sheet is very easy to understand, no doubt.
Whose that guy 50% CAGR returns??
One Request - Please make podcast with that guy (which Shubham sir talking in podcast) who made 50% CAGR in 10 year.
yahi to catch click bait he!!
This is absolutely not realistic
50% savings ??? Concept is good though
Also what about larger investment like buying home .. car ..kids education .. family celebration etc etc
Top sir
Good
nice
10 years and 50% CAGR......and this person has seen 100 Crores portfolio......Good luck to those who trust these things on RUclips
❤ I will again comment on your video after 8 years ❤ Target - 1Cr 🎉
Impractical example
Baat To Theek Hai
great
India me 1lakh/month salary wala to pehle hi financially free hai.. Kya faltu topic lae ho.. Average salary se compare karna tha..
EXACTLY.... YOU ARE 100 PERCENT CORRECT
I likes Shubham's taught. Hemant bhai high salary but loan trap se bahar nikalne ka tarika bataye?
XL calculation won't work in 90% practical scenarios.
I can only take points that you need to increase the income.
Sorry Sir, me ye podcast pura nahi dekh raha because isame salary person ki baat ki gayi hai. Me students hu, and I don't earn money therefore bas last wala part pura dekha hai, but koi baat nahi aap youths ke alava salary person ke baare me bhi soch rahe ho ye Jaan kar khushi hui.
Mere bhai paisa kahi se to lana padega na students k kiye study hi sahi hai jab job ya business kro tab ye sab krna
Hello sir good morning
i heard your voice on another channel for book summary
I usually watch gigl videos, but today please tell me which job salary will increase 10% by every year
That guy he is talking about is I pretty sure Vivek Singhal he has RUclips channel also his portfolio is also 100cr and he says he achieved 48% Cagr in last 10 years after he left his job at 30.
Really???
20 Hajar mahina kamane Wale ke liye kuch hai kya sab lakho me or karod me bat ho Rahi hai to soch Raha tha puchu ya nahi puchu
Your voice 😮😊😊❤❤❤❤
Jai Hind 🇮🇳
Due to less city, even if you have your own home, you have to work in other city where you have to live in rented house.
How many people in India have 1 lakhs salary...? ,95% population of India have salary below 50k