How To Retire in your 30's ? What is FIRE ? Ultimate Guide FIRE Financially Independent Retire Early
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- Опубликовано: 17 июл 2024
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In this informative video, we delve into the exciting world of Financial Independence Retire Early FIRE concept, a groundbreaking concept that can help you achieve retirement before your 40s. We'll guide you through the essential principles and strategies to attain financial freedom sooner than you ever thought possible.
Discover the power of aggressive savings, smart investments, and frugal living as we share real-life success stories and actionable tips. Learn how to create a robust financial plan that aligns with your goals, whether it's early retirement, pursuing your passions, or simply enjoying life on your terms. Join us on this journey to unlock the secrets of FIRE, and take the first step towards securing your financial future and retiring in your 40s or even earlier. Watch and share your FIRE number below.
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Team Money Purse
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00:00 Introduction
00:35 About FIRE
02:40 The Process of Calculating FIRE Number
06:40 The Principles behind FIRE
08:14 The Math Behind FIRE
11:07 The Indian FIRE
13:25 The Problem & the Solution 1
14:18 The Problem & the Solution 2
16:23 The Problem & the Solution 3
16:41 The Problem & the Solution 4
17:12 The Problem & the Solution 5
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Bro before marriage only 35000 expenses means
After marriage how much expenses
😮😮😮😮😮
After kids 😮😮😮😮
@@RakeshR111 After mrrg 50k and with kids 60K around you can consider
Please lock formulas,which we cannot edit tho8
It's asking password
It's asking password. Can u pls share it
No man can achieve FIRE unless and until you are single for life. The way the salary grows, the monthly expenses increases for any family.
Post retirement go to village and do agriculture, you will get peace, health and achieve fire easy
Thank you very much for such a valuable information.ok 10 yrs mundu money purse channel unte chala bagunde di.
Good video Money Purse Team, You guys have put in the practical points in addition to the number game
I agree your last 5 minutes of discussion - we should occupied for something for day time. i'm retired by force due to my family member death and even though i have good corpus i should feel like i should work for mental stability. thanks for video SAI garu,,
well said brother all questions are very true and it has given me deep insight on early retirement.
Sai garu and team. Your efforts to educate both upside and downside and adding Indianize touch to it is truly amazing. Stressing on the downside and other factors is most important in any of the finance planning concepts and your presentation on it is commendable. Please take a bow team. 👏 👏
Wonderful Sai Anna super and so genuine thoughts about financial freedom.
Anna pedda dandalle neeku. Na age 33 already sagam jeevetam ayepokotesyanu. Career start chesinapudi meeru dorki unte matram nen laksha adikari unde Vanni I guess . But thanks alot Anna and money perse team. Chala helpful 😊
Always.. valuable information from you.... Thanks for educating like us.. I am near 40 now... But my thoughts are changed :)
Very well explained. 1. Health uncertainity, kids education and family functions, Travel, peer pressure ...lot many things to be covered as part of the FIRE ideally. I believe we should get the number and get the same generated through passive fixed income source. And handle the volatility with other investments !!
We can only think of this, if we have an emergency fund(12x ur monthly expenses), an ongoing term insurance snd a health insurance.
Hi sai anna
Me videos valla chala nerchukunnanu
Stocks lo 0 nundi mi videos thone nerchukunnanu
Thank you sai anna & MP team
Hi Sai Garu & Money purse team,
Thank you for sharing full information on FIRE concept with Excell sheet🤝☺
Great explanation.
Thank you @Sai for detailed explanation by considering the actual and practical issues in this concept
The information is great, each and every nook is covered. Thank you money purse team😊
edhava pichi pichi masterclasses cheppe so called influencers andharu ee video chusi budhi thechukovali. Kudos to MoneyPurse team ❤
Yes Sai garu your explanation is very practical.. thank you for being practical
Impressive Sai garu. Thx for taking time and making the .xls file. Indeed very useful. It would atleast give us some idea about how much fund would be required for retirement devoid of other aspects which are unaccounted for as you have alerted us. Three Cheers to you and your team.
As always great work MP team. I like the way for making this video interactive ❤
Thank you so much 😀
Aaa stress kosam mey nenu mee videos chustanu anna❤
Love you all
❤ to the drawbacks which u exposed. Thanks sai anna for unique than others
Sai garu, excellent points to be remembered on the drawbacks. Started following your channel recently and liking your videos day by day, thank you very much for sharing your knowledge with everyone.
Glad you liked the content!!
thank you so much sai for sharing this wonderful video
my retirement at 51 years
Excellent explanation SaiGaru
Thank you ❤
Thank you Sai Garu.
What ever the points you said, i totally agree with you
Ela chuskuntu pothe life ante bayamesthadi..basic savings basic investment chedkondi life enjoy cheyandi..intha constraint tho life chirakosthadi
FIRE: finance investment returns enjoy 😊, nice video Anna , money purse team is on fire 🎉
Thank you very much sir for the information.. have a great day..
I really liked the draw backs which was highlighted
Excellent thank you so much brother ❤ if any person wants to lead spiritual life after retirement then only FIRE is suitable otherwise consequences are painful
There are so many people leading fruitful FIRE life, even in India
Hello Sai garu and team..thanks for this informative video. I watched this video some times..I entered values in the fire excel and got a positive outcome.. But agreeing to what you explained in the video, this FIRE concept is not fool proof and there are too many loopholes in the concept to take it seriously.
For now, I would still keep the values in tact this year..and revisit the sheet every year and see how this calculation stays inline with practical/real life situations here in India.
I am 31 now and already reached 50% of FIRE, targeting to retire by 35. I will chose a peaceful job in my home, i have teaching experience in the past. I will be mentally dead if i work in IT for 40 above.
Please explain , how you reached the FIRE number?
All the best andi
@@MoneyPursepls reply me anna
@@MoneyPursemeru last tym kuda formula open kadhu aslu
@@Amarnath0880 from last four years, I am spending only 20 to 25% salary, making sure every month I am keeping 1.5lac aside from my salary to achieve fire, Also, i do swing trading with 15Lac capital. Remaining amount i put in FD with 7.75% interest.
Pls increases the voice modules anna not louder but the FIRE concept is so wow I will apply...!
Unfortunately I am watching this vedio @40😂
Ohh God, please reset😅
😂
😂😂😂
😂😂
No problem andi, you can start your retirement plan even now. However you need save more money compared to younger ones
సాయిగారు అన్నిజాగ్రత్తలూచెప్పి అసలు విషయం చెప్పడం మరిచిపోయారు…. మీరన్న గోల్స్ అన్నీ పూర్తి చేసుకొని 40 ఏళ్లకే fire అయినా ఇంటివద్ద ఖాళీగా కూర్చొంటే పెళ్లాం చేతిలో మూడుపూటలా “ఫ్రై“ కావడం ఖాయం 😅😅
…కాబట్టి ఏ ఈడుకి ఆముచ్చట65 దాటాకే రిటైర్ కావాలి
FIRE అంటే ఇంట్లో కూర్చొని గోళ్లు గిల్లుకోటం కాదు. నచ్చింది చెయ్యడం
Thanks for the informative video Sai garu and MP team. Please take the below action:
Please add a column for the Lump sum money one would have or will get in the future.
Thanks once again.
2:08 2:10
Sai garu.. good explanation..Good work.. Don't bother about other financial influencers. Thank you sharing your knowledge.And I had been following your channel since you started your channel.
Most welcome
Chala rojultaruvata manchi video vachindi
There is so much buzz on this topic these days. It’s always good to be financially independent but retiring early is not a great idea I think . Thanks for adding diff perspectives/ real time problems of it . Thanks Saigaru.
Glad it was helpful!!
by the way - what will do after retiring early ?
@@50cents44 RE doesn't mean , you will sit idle post retirement. Its gives flexibility to be out of rate race and act as per liking. One can travel, work with NGO, teaching, farming etc
Retirement doesn't mean you don't do anything, you will have hell lot of time to do what ever you want , go to dance classes, learn music, hit the road , trading etc..
Hi Sir every thing is crystal clear, just a small doubt current investment daggara monthly entha invest chestunnamo enter cheyyala (or) yearly entha invest chestunnamo enter cheyyala (or) ippativaraku entha invest chesamo enter cheyyala??? I humbly request you to please clarify. Thanks in advance same concept ki chala mandi money thesukuntaru.... YOU GUYS ARE AWESOME
Hi sai anna! Very informative; thank you so much!
Thank you so much 🙏🙏
We want this kind of content🤩
Thanks Sai garu... I got answers for my questions on this.. when I was first heard about on other platforms I was very much impressed but when I was thinking I got few queries now you covered in your video by stressing the RE.. Thanks for that..
You're most welcome
Thank you saigaru, really I got a good point related to age 77.
Good detailed explanation
Excel part superb..
Very matured analysis Sai anna. With love ❤️.
Yeswanth gari timings and comedy chala baguntai.
Jokes with content sharing ❤️❤️❤️
Thank you so much sia garu.
Very good information
very well explained in the Indian context. Thank you Sai
Most welcome
well explained Sai Anna..
Sai Garu please do one video about EPF higher pension option is Good or Bad..please do some Research and make a video..This video will be helped to lakhs of employees..Dont forget...Hope you will start research immediately
too good content andi. Thank you
thank you bro
Sai garu, also make a video on post retirement life style. When I visited US, I came to a statistics as the retired people are dying early, if they are not working or keeping themselves busy.
Good job sir
Nice video brother loved the suggestions 🎉❤
Glad you enjoyed
Correct ga chepparu bro
Thank you Team for your efforts @moneypurse ❤
Problem in the Excel calculation is that, I don't invest all the remaining amount other than expenses. Instead it is better to provide an excel which provides the user to enter his annual investments and annual increase in investments.
Thank you sir
Hi Sai anna. Thank you for all your efforts to give us financial knowledge. Can you please do a similar video for people who are living in abroad and want to retire and comeback to India at an early age? Please consider my request.
Chala Baga chepparu Anna..
Reality lo ivvemi avavu baya manchi planning cheskuntu fallow ayyi velthey 50-60 years madyalo retire avvachu aa planning cheskokapothey jeevitha kalam daridralu annubavistu final gaa oka adbutamaina roju potham
మంచి ఇన్ఫర్మేషన్ 😊😊
Inka Video chustunna...But..Expected growth in salary ante adi meere cheppali kadha Sai anna :D
There is nothing called retirement, you will do this or that, Paid or not thats all it is , Financial freedom is to do what you love to do , it not for not to do anything :)
Great explanation brother
Yes, this concept has flaws not at all worked if you have a family.
Exactly!
Please also tell good investments and better equity funds
Thanks sai garu & team for the efforts 😃
Few influences are conducting workshop & charging for the same content 😂
Most welcome
FIRE avvalante abroad ki velli pani cheyali. Oka 10-15 yrs pani chesthe 40 yrs ki retire avachu
Good morning Sai garu
Financial independence vachaka 9 to 5 job maanesi mana hobbies evanna unte vaati pina concentrate cheyali like farming,travelling,painting,meditation,yoga ilantivi vaati pina concentrate cheyali khaliga undanavasaram ledu.e busy lifelo atleast naturelo unna beautyni eyes unna chusi aasvadinchalekunnam Kali kaalam.60yrs work chesi tarvata health problems elago vastayi tarvata em cheyagalam atleast 50yrski retire avvali.
Superb sir...koncham video sound ekkuva undela chudandi sir..
Noted
@@MoneyPursenijam anna
Present chala members video ni open cheyakundane chusthunaru dhani valla youtube channel vallaki income radhu because ads play avvavu ga so Na assumption correct ithy 1.25x speed lo chudamani cheppadam oka trap dheni valla viewers video open cheyalsivasthundhi so appude adds play ayye meku youtube income generate avuthundhi
Best planning
E 15 yrs enjoy yem cheyyakunda , retire iyyaka pothey.....
Some body is coping exact same video after you released I realised your pain
1. Don’t retire at 30 gain knowledge and do something meaningful till your last day of your life
Indianised version of Financial Independent Retire Early (FIRE) must be
Financial Independent Reduce Stress (FIRS)
Financial Independent Assert Yourself (FIAY)
Financial Independent Eliminate Stress (FIES)
because early retirement will bring lots of stress. Asalkey manam stress sidha hastulum (icons). Old ayi opika untadi ledo malli world trip okatey Manaki takuva. Dialoguelu manaki korathey ledu
Super sir
Hi Sai Garu, Hope you are doing well.. Are you giving financial planning to clients. If yes, I would like to know?
@askmoneypursre , all your calculators are non modifiable and not able to put big numbers. Please increase the width of each column so that bigger numbers will be visible
Getting Scared About After Knowing All Of These
One And Only Main Support Is Income ( It Is Backbone For All Of These ) So, Increase Your Income Constantly & Start It Early If It Is Not Yet
Bro,
Is there financial advising services over the online/offline services
Hi sir.. 7th OCT nenu hyd to amalapuram veladaniki Amazon lo bus ticket MYTRI travels lo tesukuna.. but nenu 6th OCT ki ma mother health issue vala Uru velavalsi vachindi..
Amazon lo ticket cancel cheyadaniki try cheste avadam ledu..
Mytri travels ki cal cheste memu cancel cheyadam kudaradubantunaru
Amazon vala coustomer care ki cal cheste travels vala policy adi money back radu antunaru..
Nenu complaint ala raise cheyali..
Cancellation policy lo 100% money return vastundi GST kakunda ani undi..
Valaki adi china amount la kanipinchavachu ₹1281/- maku adi akuva amount
How end value calculated? Pls explain
E numbers anni kuda before tax or after tax sai Garu??? Coz tax inflation kuda bayankaranga undi we have to conservative more
Systamatic withdrawal plan lo best mutual fund explain cheyyandi cheyyandi for 30yrs age person
Nice
Video is fine, Sai anna. Actually, FIRE concept is a bit flawed. Not just lifestyle or kids education, a lot of other expenses are not covered in these calculations. So, FIRE pakkana pedithe, we need to calculate the expected expenses each year, till we turn 60. This will include kids, lifestyle, appliances, travel etc. Calculate it using 6% inflation. Then back calculate the present value of money. Now, chart a course of desired income and desired investment journey. Ila aithene we will be FI. I figured it all and the excel is of almost 20 sheets. Konchem complicated anipistundhi, but okkasari chesukunte terrific ga untundhi. Also, look out for lean FIRE, Fat FIRE, Barista FIRE etc. Levels untai ee FIRE lo.
After 60 ki we can then extrapolate. Just example ki 60 anna. We can do this exercise for 100 years. But each year is unique
Hi Hari garu, if it is OK, can you please share your excel to people so that we can get good our financial planing ..
Tq
సాయి గారు 55 to 60 years మధ్యలో రిటైర్ అయిన తరువాత మిగతా జీవితాన్ని దేశం కోసం ధర్మం కోసం సమాజం కోసం అంకితం చేయాలి.జీవితాంతం ధన దాహంతో ధన వ్యామోహంతో జీవితం గడపకూడదు.మానవ సేవయే మాధవ సేవ,అవయవ దానం చేయండి పునర్జన్మ పొందండి.జై భారత్ జై జై భారత్.
Chala baga chepparu.
Haha evaru babu
@@ram7324 నేను మనిషిని బాబు.
Appudu cheyyadaniki amuntandandi ippude cheyyaligani
ఏం 60 కి ముందు చేస్తే మీకేమైనా అభ్యంతరమా 😂
Govt employees ki any suggestions for the investment in mutual funds in the stock
Good Evening 🌜🌜🌜🌜🌜 Soooooo Super Informational Video 👌👌👌👌👌👌👌👌 Thankyou So Much SaiSir and MP Team 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
Most welcome
Whare to invest
Nice video
But increase volume
I feel life is not as expected...... money param ga boledu twist lu turn lu untai ...... health school fee propertys konali ila chala untai sooo
SBI SIP MITRA concept or icici freedom SIP or hdfc dream sip can plz make the video
Thanks anna