Summary: Increase your income. No other way. As harsh as it may sound. People want huge wealth with little to no effort. Thats not how life works. Success is the byproduct of commitment, hardwork, patience and sacrifices. I can the garantee that life on other side is the best. In my opinion, having control of your own time is the best thing one can achieve. Good Luck 🍀
You are right sir. With the ongoing trend, no one can minimise or reduce their expenses. The only way is to increase your income to adjust with the expenses and investments
Thank you very much. Yes, I'm myself on this path since I moved into self-employment in late-2022. a) the active income part comes with no limits (so lots of upside) and b) the investing part is anyways on-going
Some investment advisors focus on low risk, low return strategies, while others take a more aggressive approach with higher risk and potential for higher returns. You offer a balanced, evidence-based approach that's both promising and uplifting. Your videos appeal and cater to people of all ages. Thank you, Anna, for sharing your wisdom 🙏
As a 42 year old Manish, with a 37 year old wife Neha, let us assure you sir that there couldn't be a more personalized video than this for us. Ofcourse, the financial situation is different =)
You may have not realized, but from ET money time to today, you have really improved savings behaviour of many people: happy deepavali and great video, best wishes for your new endeavours
Thank you. My advise to all is -- pls connect more with people who you aren't or aspire to be. If someone wants to build a 100 crore networth, one should seek such individuals. I learnt it a bit late in life
Wonderful video. Im 36 with 10cr goal by 49. Already having first cr invested . The video gives me clear idea of whats doable and how and what are the ways . Excellent sir 🔥
I don’t even need to watch the whole video to give it a thumbs up! I truly wish RUclips offered a way to show even more appreciation, because a single thumbs up feels far too little for the effort you’ve put into creating this content.
Thank you! RUclips offers a Super Thanks option wherein you can pay creators (as low as 40 rupees) and show your appreciation for the content. Don't pay me pls, kindly do this for younger creators -- that'll encourage them to do more
Key takeaways 1) True your insights are far deeper than most feel good videos from finfluencers 2) Skill reassessment and finance assessment both are needed in their own paradigm 3) Freelance hustle or out of job work, will increase income more than linear fashion we see in job market. 4) Regarding factor based investing i think it will be future and seeing your videos since last 4-5 mnths, i am pretty sure it would yeild better results if not same and is future of investing . Amazing video and details around it.
With the current job market condition, there's absly no guarantee.. it's best that one leans on his own skills to generate a second income on the side.. everyone is doing it now.. atleast trying
Wishing you the very best! Yes, I'm myself on this path since I moved into self-employment in late-2022. a) the active income part comes with no limits (so lots of upside) and b) the investing part is anyways on-going
You have a brilliant video editor Shankar and of course your diligently crafted topics and knowledge. I wish I had similar talent in my team! Great knowledge share, more power to you
Absolutely fabulous video! I am 48 now, well on my way to achieve the target in the next 5 years! Keep up the good work, Mr. Shankar. May God bless you 🙏
I guess no one's talking about it because even making 1000 rupees in secondary income is "difficult". The difficulty starts in the mind though -- a) 95% of people don't even try (zero try means zero chance of success) b) 4% of people try weakly holding weak notions that secondary income can be only 15-20% of one's primary income c) maybe 1% really go for it and again a percentage of people find success a) & b) are apt examples of "labour theorists" -- the term I used in the video. It will be difficult for most of them to achieve financial independence and by the time they do, they'll be in their late 40s and 50s. I too belong to that heard having followed labour theory until 2 years back. But now that I'm meeting people who're earning a few lakhs on the side, this notion is completely out.
Almost (80%)all your videos resonate (except the numbers) with my requirement/ learnings on building my financial situation. But i do the backend calculation as per my numbers. 😊 This one give an seroius thought on looking for second income (irrespective of the amount) which may be the need of hour in today's world..... Thanks again ❤
Thank you! It's my belief that one should try self-employment once some skills have been built. Jobs can come & go but it's our skills that'll ensure our progress. This wasn't my outlook until 2022 as I had seen only salary based employment until then. If one thinks strategically, a second income can be started with almost zero capital. In other words, money is not the capital .. it's your skills, network, time and willpower
In tier 3 cities people don't trust on sip and mutual funds when they have a large corpus after selling land. They will go and buy a plot on the periphery of the city in five years the value of the plot doubles
Bless you Shankar ji. I just was working on this problem and have a similar outlook and approach. You inspire to go beyond my regular job though. Need to just strike while the iron is hot. Subscribing to newsletter too..
I would turn 40 this year and have worked in Investments departments , also in Market risk area with Global banks. This man is one of the most genuine and knowledgeable and who has a right structure. I request not to fall for so called influencers. Investing needs real life experience.
Thank you! I'm glad you like my work 🙌 I'm challenging to make myself a 10 crore business in the next 3 years based on the content creation task I started exactly 2 years back. YT, linkedin & my paid community (coming in Feb) is where I'll continue chronicling my journey and hopefully inspire a 100 others to give it a shot
@@shankarnath : Shankar ji, you are doing a great job. I have seen few of your videos. The way you explain the process and structure behind the decision, is commendable. Your work is nothing less than a great social service for people who don't understand finance and fall for frauds and Duggals. Please do monetize your work as i wish you to stay here for a long! My best wishes.
Most of the finfluencers gives tips about stocks, you are the only person shows how to make money to buy those stocks.. Excellent content and very useful.. I always think I know what are the quality stocks and MF available there to buy but lags ideas get the capital to buy those.. now you shown some ideas, I will start myself dirt on to that and see.. thanks for your efforts always..🙏🙏
great video as always sir. i have rented out a part of my hometown's home and using that rental income as another SIP ..i hope this small amount will make a big difference in the long run
Shankar bhai aap young lagte ho, mera age 39 hai, mujhe lagta tha aap mere age ke aas paas hoge. Leking aap mere bade bhai ki age ke nikle. Cheers to that! I have been watching your videos for quite sometime, your content is PRISTINE, i respect it. Keep up the good work aur gyaan baatte raho. Would like to meet you in person some day!
Thank you Ayush ji .. glad you liked my work. Camera ne 5 saal ki jawani add kar di thi :) Karunga sir, kuch meetups ka planning chal raha hai. Once in quarter kuch shehron me to kar hi saktein hain. Aap kahan se hain?
⭐⭐⭐⭐⭐⭐ Sir, you are an inspiration to many... specially to those who do not had easy internet access in their 20s-30s. You are really a proud man for us. GO ON Sir. 🎯 Your videos are worth watching. Investing my time in your videos are worthy. 💵💵💵
If you don't plan to stay at 7,000 for many more years then 10 crores is quite possible. A question -- do you have friends/connections who are making upwards of 10 lakhs/month and are self-employed? If yes, hang out with them more. You'll notice a difference in what they say & talk. For instance -- when I meet my salaried friends (don't have many now) but for them it's all about job losses, tough job market, cost cutting etc. They rarely talk about growth because they know their efforts are capped at 8-15% per annum in pay hike. But when I talk to my fellow self-employed people, the discussion tends to be on growth strategies, opening a new office, a new product line, collaboration etc. From 8-15%, the focus changes to 100-200% growth
I just wanted to tell you Sir that- You hit the bull eye- you nailed it. But you should’ve made this video earlier. This video is short, crisp, and very informative…! Thanks a lot…! Happy Deepawali and wishing you all the very best in all future endeavors…!
Thank you for your appreciation. My apologies for not making it earlier, I myself learnt this recently so I couldn't have done it earlier. Wishing you & your family a memorable Diwali
Your videos jave content which one shouldnt ignore, always gives me a new point to learn on personal finance. This video helped me what i am missing to reach my fire number. Thank you
Thanks for stressing on second income, which i need to work on but dont know what i am really good at for second income. As usual great insights into the topic.
Most welcome! Since no one is born second-income ready (or primary income for that matter), the will, urgency and realization all needs to come together. It will at some point of time - the sooner, the better. What will really tip the scales in your favour, if you reduce talking to your salaried friends and discuss more with your self-employed contacts. You'll see the difference in discussion. The salaried person will rarely talk about growth because he/she knows they are stuck with a 10% pay hike. The self employed person will only talk about growth saying "main ek naya office khol raha hoon" or "I am starting this new product line" etc
I need my weekends for sleeping, going around and enjoy with my passion. That gives energy for next week to work effectively and efficiently. I can compromise with money not with my personal time.
That's great to hear & wishing you the best! Just to offer another perspective, the people I know who've worked this out --- a) During weekdays - they are working on their passion & making money off it b) During weekends - they are in R&R mode including frequent vacations as they have the money
What a great insight! @shankarnath Please make a similar rolling return rate comparison for major index/etf types issued in US like VOO, QQQ, etc. Not sure why this kind of comparison is not so common in US but what you presented makes sense.
Arrrreee wah, Nicely explained better way to become millionaire while logically apply your brain stock market review and also various products related to mutual fund and gold. Thank you so much, Shankar.
Glad you found it useful. I'm on this path myself and believe me when I say this -- I see people who've made 10 crores in a mere 5 years taking the self employment route. Your investments can run parallely .. it's not a this or that thing here
Hlo shankar sir can you please make video on how to do detail analysis how to find future estimate valuation growth and margin etc your newsletter are really detailed it shows how good your analysis are
Dear Sir, Please post a video for senior citizens. We have a retirement corpus, out of which we with draw about 2.5 lakhs per year. Rest we want to invest in safe, High growth opportunities. Please consider.
I have two home loans. Payable in respect of first home loan. 44,11,162. Years to pay 20. EMI is 41131. Interest rate 8.75%. 12,00,000 for a second home loan. 6 years to pay the interest rate of 9.15%. EMI is 22,000. I now have Rs 5 lakhs. Which of these should be paid first? can I get advice?
If I were you, I would pay the smaller loan amount of rs.12 lakhs...the interest will go down by almost 45 percent....the amount of emi saved, roughly rs.10000 per month can be used to repay the same loan in addition to the regular emi which will help. Clear the smaller loan quickly...the happiness this gives a dopamine boost to us to proceed clearing loans faster....this is my personal view out of experience....not a financial advisor though
Hello Srikanth ji - I don't offer 1:1 paid consultations due to paucity of time on my part. I'm currently focus on 1-to-many formats like YT & my newsletter. Very sorry about this!
What I like is the freshness of approach and practical insight- rather then categorizing this content as "same old wine in new glass"..Kuddos and looking fwd to more creative content..thnx
Thank you so much. I'm glad you liked it. This comes from experience, having tried out salaries and self-employment .. and importantly meeting so many self-employed people and seeing what they are doing. It's no wonder, no employee gets featured in a richest Indians list
Shankar, how can I check these returns online ? E.g. Smallcap250 quality 50 is something I don't find it anywhere and we have only one MF that is also not 1 year yet, so how do we get 15 year returns ?
Pls use niftyindices.com I use TRI (total return index which includes dividends). Here are the steps after you access niftyindices.com : 1. On the top navbar, you'll see REPORTS 2. Within that sub-menu, click on HISTORICAL DATA. A new page will be rendered 3. In the top drop-down (orange color text), select "Total Returns Index Value" 4. Select Equity from next drop-down 5. Then the index you want data on 6. Then the dates 7. Click Submit
Great content @Shankarnath. However, for the secondary income one could end up in conflict with his employer from where he is deriving his primary income. I am not sure if all employers will allow you to have a side gig while being employed full time with them.
Thanks. Yes, there will be a conflict. Employers will always want to limit our upside and unfortunately, 99% of the people will accede to the employer's demand. The irony is that your employer will never limit it's upside and will continue to grow at a rate higher than your increase in salary. But I agree with you .. I know it's a challenge -- that's why very few people end up rich
@@shankarnath The kinds of mutual fund you suggested look promising. Could you kindly suggest some funds to invest based on your experience. It will be great help for me. I am confused with the number of funds that are available and almost everyone seems to be doing great(from the historical numbers).
I can't suggest specific schemes, that part your financial advisor can do for you. But here's a video that will help you more than most, pls watch -- ruclips.net/video/R_f2HenF1cQ/видео.html
Hi Shankar- sorry to post this here-couldnt find a link anywhere else. I remember it was possible to book an appointment/chat with you-do you still do that and if yes how should i proceed. Thanks
Hello -- sorry, I'm not doing in paid 1:1 consultations currently. I'm focussing entirely on 1-to -many formats like my RUclips channel, newsletter and a few more products that I plan to introduce in the coming months
There's a long list in the video itself. Start with what you are good at. Even if you say something comical like "I'm good at wasting my time watching videos on RUclips", you can convert it into a series of weekly videos on -- The Week's Best Videos. There is no limit to what one can do as a side hustle. Think strategically i.e. do something that can make you consistent money and can be built upon as a career
Sir I recently watched your video wherein you talked about only having only 2 mutual funds in your portfolio & that were Nifty 200 Momentum 30 Index and Nifty 500 Value 50 index I was genuinely intrigued by the THE MOMENTUM BASED SWITCH method I wanted to back test same with other momentum based indices. The main problem that I encountered was to get historical data of other momentum indices which are launched in recent years only, so my question to you was that how were you able to get monthly closing values of nifty 200 momentum 30 way back from jan 2007 even though index was launched in 2021 I would really appreciate you sharing the source of data And yes lastly wish you and your family Happy Diwali 🪔
Wishing you a happy Diwali too. I use niftyindices.com to pull out the data. Pls follow these steps after you access niftyindices.com : 1. On the top navbar, you'll see REPORTS 2. Within that sub-menu, click on HISTORICAL DATA. A new page will be rendered 3. In the top drop-down (orange color text), select "Total Returns Index Value" 4. Select Equity from next drop-down 5. Then the index you want data on 6. Then the dates 7. Click Submit
Sir, I like your content, it gives great deal of practical understanding. What would you advise me if I have a 1 crore corpus now and can be invested for 10 to 15 year's without touching it.. how can I reach to 15 crore target? Thanks
Thank you! I'll suggest you work with a financial advisor to examine the possibilities of reaching 15 crores of target in 10 years. Since the target you have quoted is ambitious, my own approach would be exactly what I said in the video -- I'll take the self-employment route and aim to earn 20 lakhs/month in profits & ofcourse, invest that money in equity instruments like mutual funds/stocks etc. The bonus here is that if the business I've built becomes big (say, 5 crores of profit every year), then I can sell it at a multiple of atleast 5 -- so that's an additional 25 crores I can make of it
Sir i am 20's willing to take a high risk. Should i pool in money only in one mutual fund or should i focus on diversifying like 70 percent small cap 15 percent large cap and 15 percent small cap?
Pls diversify. Then you will worry less & will have more time to work on more important matters in your 20s like building up a career, business & skill. In ones 20s, building "capital" is more important than focussing on just "return on investment"
Hello Shankar! Truly amazing video! Your knowledge of financial planning is awesome. Kindly make a video on this topic 'Which is a better investment instrument- 1. Active Mutual funds- 2. Passive mutual funds (Index funds) or 3. ETF's' for those who cannot handle volatility of the stocks or stock market and are interested in long term investing.
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👉 Spam-free Health Insurance:
ditto.sh/sc7it9
Summary: Increase your income. No other way.
As harsh as it may sound. People want huge wealth with little to no effort. Thats not how life works. Success is the byproduct of commitment, hardwork, patience and sacrifices. I can the garantee that life on other side is the best. In my opinion, having control of your own time is the best thing one can achieve.
Good Luck 🍀
100%
You absolutely right
You are right sir. With the ongoing trend, no one can minimise or reduce their expenses. The only way is to increase your income to adjust with the expenses and investments
What a lovely video. No quick money non sense, no selling of impossible dreams. Got to love how genuine this content is
Thank you very much. Yes, I'm myself on this path since I moved into self-employment in late-2022. a) the active income part comes with no limits (so lots of upside) and b) the investing part is anyways on-going
Some investment advisors focus on low risk, low return strategies, while others take a more aggressive approach with higher risk and potential for higher returns. You offer a balanced, evidence-based approach that's both promising and uplifting. Your videos appeal and cater to people of all ages. Thank you, Anna, for sharing your wisdom 🙏
Thank you Balaji. I am glad you liked my work. I myself have a very balanced life, I do what I like and enjoy
Watching you since you had 2000 subs, what a well deserved growth.
Thank you very much for your kind support & patronage 🙌
As a 42 year old Manish, with a 37 year old wife Neha, let us assure you sir that there couldn't be a more personalized video than this for us. Ofcourse, the financial situation is different =)
Yes, pls pick what sounds doable to you. Kindly explore a second income if you haven't dabbled with it
You may have not realized, but from ET money time to today, you have really improved savings behaviour of many people: happy deepavali and great video, best wishes for your new endeavours
Thanks for that! Appreciate your kind words and the support. Wishing you and your family a very happy and prosperous Deepawali
@Shankar Nath
Hearing Deepavali wishes as it is as "Deepavali" instead of "Diwali" was so great. Keep rocking
Thank you! And wishing you a happy Deepawali yourself. 🙌
@@shankarnath Wishing you and your family Happy and prosperous Deepavali. Expecting lot more videos from you in future buddy :)
Sir, Ur financial awareness content is always unique 🎉
Thank you. My advise to all is -- pls connect more with people who you aren't or aspire to be. If someone wants to build a 100 crore networth, one should seek such individuals. I learnt it a bit late in life
Wonderful video. Im 36 with 10cr goal by 49. Already having first cr invested . The video gives me clear idea of whats doable and how and what are the ways . Excellent sir 🔥
Glad you found it useful. Wishing you the best with your 10 crores journey. Don't forget to have fun doing it and try not to limit your opportunities
@@shankarnath sure Sir 😀
@@vijju0097hii which app do you use .. it may help alot. Thanks
@@nadeemsmarty software developer hoga
I just get overwhelmed by yiur simplicity, clarity and honesty in your presentation. ❤
Thank you so much 🙂
Absolutely crisp and clear presentation. Request you to share your lifestyle video as well. Iam sure we all will have lots to learn from you.
Thank you! What's a lifestyle video?
I don’t even need to watch the whole video to give it a thumbs up! I truly wish RUclips offered a way to show even more appreciation, because a single thumbs up feels far too little for the effort you’ve put into creating this content.
Thank you! RUclips offers a Super Thanks option wherein you can pay creators (as low as 40 rupees) and show your appreciation for the content. Don't pay me pls, kindly do this for younger creators -- that'll encourage them to do more
Key takeaways
1) True your insights are far deeper than most feel good videos from finfluencers
2) Skill reassessment and finance assessment both are needed in their own paradigm
3) Freelance hustle or out of job work, will increase income more than linear fashion we see in job market.
4) Regarding factor based investing i think it will be future and seeing your videos since last 4-5 mnths, i am pretty sure it would yeild better results if not same and is future of investing .
Amazing video and details around it.
Thank you Akshay ji. Glad you liked it and I hope you are implementing it or will do so in the near future
With the current job market condition, there's absly no guarantee.. it's best that one leans on his own skills to generate a second income on the side.. everyone is doing it now.. atleast trying
Wishing you the very best! Yes, I'm myself on this path since I moved into self-employment in late-2022. a) the active income part comes with no limits (so lots of upside) and b) the investing part is anyways on-going
You have a brilliant video editor Shankar and of course your diligently crafted topics and knowledge. I wish I had similar talent in my team! Great knowledge share, more power to you
Absolutely fabulous video! I am 48 now, well on my way to achieve the target in the next 5 years! Keep up the good work, Mr. Shankar. May God bless you 🙏
Best of luck! Thank you for your kind appreciation
Why is nobody talking about the fact that secondary income of 3 lacs per month is highly desirable but really difficult.
I guess no one's talking about it because even making 1000 rupees in secondary income is "difficult". The difficulty starts in the mind though --
a) 95% of people don't even try (zero try means zero chance of success)
b) 4% of people try weakly holding weak notions that secondary income can be only 15-20% of one's primary income
c) maybe 1% really go for it and again a percentage of people find success
a) & b) are apt examples of "labour theorists" -- the term I used in the video. It will be difficult for most of them to achieve financial independence and by the time they do, they'll be in their late 40s and 50s. I too belong to that heard having followed labour theory until 2 years back. But now that I'm meeting people who're earning a few lakhs on the side, this notion is completely out.
Simple and to the point. The distribution across asset classes very helpful.
Thank you 🙌
Almost (80%)all your videos resonate (except the numbers) with my requirement/ learnings on building my financial situation. But i do the backend calculation as per my numbers. 😊
This one give an seroius thought on looking for second income (irrespective of the amount) which may be the need of hour in today's world.....
Thanks again ❤
Thank you! It's my belief that one should try self-employment once some skills have been built. Jobs can come & go but it's our skills that'll ensure our progress.
This wasn't my outlook until 2022 as I had seen only salary based employment until then. If one thinks strategically, a second income can be started with almost zero capital. In other words, money is not the capital .. it's your skills, network, time and willpower
@@shankarnathSir the last line is simply superb, thank you for giving us information that can so closely align with our life.
In tier 3 cities people don't trust on sip and mutual funds when they have a large corpus after selling land. They will go and buy a plot on the periphery of the city in five years the value of the plot doubles
I was looking for exactly this kind of video. It’s more realistic. Thank you Shankar sir!
Glad you liked it. Yes, pls try it out. One won't know one's limits until he/she has taken a few steps
Any recommendation for Govt employees
Just subscribed.. what a great video sir.. plain , simple and most importantly you reply to most of them. God bless u
Welcome aboard! 🙌
Some new perspective.Different from usual video on youtube. Great thanks much❤
Glad you liked it! So nice of you
Bless you Shankar ji. I just was working on this problem and have a similar outlook and approach. You inspire to go beyond my regular job though. Need to just strike while the iron is hot. Subscribing to newsletter too..
Wishing you the best!
Keep your good work, best wishes
Thank you!
I would turn 40 this year and have worked in Investments departments , also in Market risk area with Global banks.
This man is one of the most genuine and knowledgeable and who has a right structure. I request not to fall for so called influencers. Investing needs real life experience.
Thank you! I'm glad you like my work 🙌 I'm challenging to make myself a 10 crore business in the next 3 years based on the content creation task I started exactly 2 years back. YT, linkedin & my paid community (coming in Feb) is where I'll continue chronicling my journey and hopefully inspire a 100 others to give it a shot
@@shankarnath : Shankar ji, you are doing a great job. I have seen few of your videos. The way you explain the process and structure behind the decision, is commendable. Your work is nothing less than a great social service for people who don't understand finance and fall for frauds and Duggals.
Please do monetize your work as i wish you to stay here for a long!
My best wishes.
@@prashants4641 Thank you for your vote of confidence on my abilities Prashant ji 🙌
Shankar Ji I follow your videos always. It's fruitful.
So nice of you. Thank you
Thanks a ton, Shankar!
Many smiles and much metta.
So nice of you. Most welcome 🙌
Amazing advice thanks. Wish you and your family a very Happy Diwali 🎉
Thank you. Wishing you a very happy Diwali yourself
Simple and convincing Video 😊
Glad you think so! Thanks
Most of the finfluencers gives tips about stocks, you are the only person shows how to make money to buy those stocks.. Excellent content and very useful.. I always think I know what are the quality stocks and MF available there to buy but lags ideas get the capital to buy those.. now you shown some ideas, I will start myself dirt on to that and see.. thanks for your efforts always..🙏🙏
My pleasure! Glad you found this helpful ☺️
Loved the content & with ease-of-explanation. Many thanks to your time/effort. Much appreciated. Santosh from Bangalore.
Thank you Santosh ji. I'm happy you liked my work
Useful video and advice. Thanks Shankar.
Always welcome
great video as always sir. i have rented out a part of my hometown's home and using that rental income as another SIP ..i hope this small amount will make a big difference in the long run
Thank you. Pls try to look more at active second income (beyond rent, dividend and interest). Its more fulfilling if you can manage it
Good one sir. Happy diwali. Best wishes Sadiq
Thank you Sadiq and wishing you a very happy Diwali yourself
Shankar bhai aap young lagte ho, mera age 39 hai, mujhe lagta tha aap mere age ke aas paas hoge. Leking aap mere bade bhai ki age ke nikle. Cheers to that!
I have been watching your videos for quite sometime, your content is PRISTINE, i respect it. Keep up the good work aur gyaan baatte raho. Would like to meet you in person some day!
Thank you Ayush ji .. glad you liked my work. Camera ne 5 saal ki jawani add kar di thi :)
Karunga sir, kuch meetups ka planning chal raha hai. Once in quarter kuch shehron me to kar hi saktein hain. Aap kahan se hain?
Sir main Gurgaon se hun, aap kahan rehte ho?
Delhi
One of the best videos of Shankar.. Loved and learned a lot. Thanks
Glad you liked it Tanbir ji
⭐⭐⭐⭐⭐⭐
Sir, you are an inspiration to many... specially to those who do not had easy internet access in their 20s-30s. You are really a proud man for us. GO ON Sir. 🎯
Your videos are worth watching. Investing my time in your videos are worthy. 💵💵💵
Thank you very much 🙌
Thanx man... Am already on to the same plan.. hope it works out
Your content always stands out👏👏.. Class apart..Thank you and Happy Diwali 🪔
Thank you so much 😀 .. wishing you a happy Diwali too
Video was good
10 cr was soothing for ears
But very difficult for me max I can go for 7000
Good point was health insurance
If you don't plan to stay at 7,000 for many more years then 10 crores is quite possible. A question -- do you have friends/connections who are making upwards of 10 lakhs/month and are self-employed? If yes, hang out with them more. You'll notice a difference in what they say & talk.
For instance -- when I meet my salaried friends (don't have many now) but for them it's all about job losses, tough job market, cost cutting etc. They rarely talk about growth because they know their efforts are capped at 8-15% per annum in pay hike. But when I talk to my fellow self-employed people, the discussion tends to be on growth strategies, opening a new office, a new product line, collaboration etc. From 8-15%, the focus changes to 100-200% growth
I just wanted to tell you Sir that- You hit the bull eye- you nailed it. But you should’ve made this video earlier. This video is short, crisp, and very informative…! Thanks a lot…!
Happy Deepawali and wishing you all the very best in all future endeavors…!
Thank you for your appreciation. My apologies for not making it earlier, I myself learnt this recently so I couldn't have done it earlier. Wishing you & your family a memorable Diwali
Excellent video as usual..i liked your view on mindset change..very useful in today's world!! Wishing you a very happy Deepawali!!
Thank you! Wishing you a memorable and happy Deepawali to you and your family 🙌
Another blockbuster video from you, Shankar sir...Great Home work & excellent presentation, as always...
Thank you very much 🤗 I'm glad you found this useful
Your videos jave content which one shouldnt ignore, always gives me a new point to learn on personal finance. This video helped me what i am missing to reach my fire number. Thank you
Glad it was helpful! 🙌
Very friendly & essay way explaining. Thank
Most welcome. Glad you liked my work
Well done 👍
Thank you
Thanks for stressing on second income, which i need to work on but dont know what i am really good at for second income. As usual great insights into the topic.
Most welcome! Since no one is born second-income ready (or primary income for that matter), the will, urgency and realization all needs to come together. It will at some point of time - the sooner, the better. What will really tip the scales in your favour, if you reduce talking to your salaried friends and discuss more with your self-employed contacts. You'll see the difference in discussion. The salaried person will rarely talk about growth because he/she knows they are stuck with a 10% pay hike. The self employed person will only talk about growth saying "main ek naya office khol raha hoon" or "I am starting this new product line" etc
@@shankarnath thanks for reply, it is a great hack i guess, will consider this suggestion for sure.
Happy Dhanteras to you and your family 🥳👍🏻🙏🏻Have a Joyful Dipawali 🙏🏻🙏🏻🙏🏻
Thank you! You too! Wishing you & your family a very happy Deepawali 🙌
Great knowledge with explanation
Glad you liked it
What a coincidence.
I am Manish. I am 34. I work in IT industry. I live in a joint family.
There were few more coincidences.
I really like your analysis.... it's simple yet effective. Huge Respect to all your efforts.
Thanks a lot 😊
thanks so much Shankar, very thought provoking video!!
Most welcome Ravi Chandar ji 🤗
I need my weekends for sleeping, going around and enjoy with my passion. That gives energy for next week to work effectively and efficiently. I can compromise with money not with my personal time.
That's great to hear & wishing you the best! Just to offer another perspective, the people I know who've worked this out ---
a) During weekdays - they are working on their passion & making money off it
b) During weekends - they are in R&R mode including frequent vacations as they have the money
Looks like someone has a perfect comeback!
I RARELY LIKE OR COMMENT ON RUclips VIDEOS (2-3 videos a YEAR). Your videos are great. Love them. Subscribed your newsletter too.
Thank you!
Love this video. Thanks 👍🏼
Glad you enjoyed it!
What a great insight! @shankarnath Please make a similar rolling return rate comparison for major index/etf types issued in US like VOO, QQQ, etc. Not sure why this kind of comparison is not so common in US but what you presented makes sense.
Thank you for suggestion
This is good inspiring video..thank you and happy deepavapali..
Thanks a lot 🤗 wishing you a happy Deepawali yourself
Useful information. Subscribed ✌️
Thanks and welcome!
Very nice video Sir. Gain good knowledge about the importance of increasing the SIP. THANK YOU.
Thank you very much 🙌
1st Comment to Great Teacher.
Thank you 🙌
what a catchy caption!! forced me to watch the video :D
Glad to hear
Very helpful video
Glad to hear that
very good content
Thank you
Arrrreee wah, Nicely explained better way to become millionaire while logically apply your brain stock market review and also various products related to mutual fund and gold. Thank you so much, Shankar.
Glad you found it useful. I'm on this path myself and believe me when I say this -- I see people who've made 10 crores in a mere 5 years taking the self employment route. Your investments can run parallely .. it's not a this or that thing here
Thanks a ton again, god bless you. Keep these gems coming
Most welcome. Glad you liked it
Very nice and eye opener information shankar🙏... please try to make video on nifty500 multicap momentum quality index..
Glad you liked it. Thanks for the suggestion
Just Starting with a very small amount in all these:- kindly advise:-
Nippon india large cap
Hdfc flexi cap
Motilal oswal midcap
Nippon small cap
Amazing video! Just like a wow!
Thanks! Glad you like it 🙌
Great video, Shankar sir.By the way, according to you, which momentum index fund should be combined with a Flexicap fund?
Thank you. Nifty 500 Momentum 50 would be ideal here
Hlo shankar sir can you please make video on how to do detail analysis how to find future estimate valuation growth and margin etc your newsletter are really detailed it shows how good your analysis are
Thanks for the suggestion
@shankarnath please upload video as soon as possible and also please add how to make investment decision
Dear Sir, Please post a video for senior citizens. We have a retirement corpus, out of which we with draw about 2.5 lakhs per year. Rest we want to invest in safe, High growth opportunities. Please consider.
If possible, purchase land through trusted broker. MF is not good for aged citizen.😊
You can invest in etf much safe option than other things
Safe and high growth 🙏🙏🙏🙏
Wow...
Dreaming ????
@@shivasahu8real estate is way too much hassle for senior citizens
@@2005kpboy I am already growing it at 20+ percent. Wish to switch part of it.
Insightful!
Thank you!
Sir, is it good to invest in smreit from propshare. Please give an advice wether to invest in reits or not?.
Sorry, I haven't analysed REITs in a very long time. Let me circle back on this if some information comes my way.
Please share the link for video you mentioned at the start
Pls type on the RUclips search bar: 10 crores corpus etmoney
I have two home loans. Payable in respect of first home loan. 44,11,162. Years to pay 20. EMI is 41131. Interest rate 8.75%. 12,00,000 for a second home loan. 6 years to pay the interest rate of 9.15%. EMI is 22,000. I now have Rs 5 lakhs. Which of these should be paid first? can I get advice?
If I were you, I would pay the smaller loan amount of rs.12 lakhs...the interest will go down by almost 45 percent....the amount of emi saved, roughly rs.10000 per month can be used to repay the same loan in addition to the regular emi which will help. Clear the smaller loan quickly...the happiness this gives a dopamine boost to us to proceed clearing loans faster....this is my personal view out of experience....not a financial advisor though
Hi Shankarnath, how to contact you personally to get a tailor investment approach. Please advise.
Hello Srikanth ji - I don't offer 1:1 paid consultations due to paucity of time on my part. I'm currently focus on 1-to-many formats like YT & my newsletter. Very sorry about this!
What I like is the freshness of approach and practical insight- rather then categorizing this content as "same old wine in new glass"..Kuddos and looking fwd to more creative content..thnx
Thank you so much. I'm glad you liked it. This comes from experience, having tried out salaries and self-employment .. and importantly meeting so many self-employed people and seeing what they are doing.
It's no wonder, no employee gets featured in a richest Indians list
Sir I have a request, if you can make a video on various annuity plans...
Thanks for the suggestion. Annuities have already covered in brief in previous videos of NPS. Pls watch those, thanks!
Shankar, how can I check these returns online ? E.g. Smallcap250 quality 50 is something I don't find it anywhere and we have only one MF that is also not 1 year yet, so how do we get 15 year returns ?
Pls use niftyindices.com
I use TRI (total return index which includes dividends). Here are the steps after you access niftyindices.com :
1. On the top navbar, you'll see REPORTS
2. Within that sub-menu, click on HISTORICAL DATA. A new page will be rendered
3. In the top drop-down (orange color text), select "Total Returns Index Value"
4. Select Equity from next drop-down
5. Then the index you want data on
6. Then the dates
7. Click Submit
Great content @Shankarnath. However, for the secondary income one could end up in conflict with his employer from where he is deriving his primary income. I am not sure if all employers will allow you to have a side gig while being employed full time with them.
Thanks. Yes, there will be a conflict. Employers will always want to limit our upside and unfortunately, 99% of the people will accede to the employer's demand. The irony is that your employer will never limit it's upside and will continue to grow at a rate higher than your increase in salary. But I agree with you .. I know it's a challenge -- that's why very few people end up rich
@@shankarnath The kinds of mutual fund you suggested look promising. Could you kindly suggest some funds to invest based on your experience. It will be great help for me. I am confused with the number of funds that are available and almost everyone seems to be doing great(from the historical numbers).
I can't suggest specific schemes, that part your financial advisor can do for you. But here's a video that will help you more than most, pls watch -- ruclips.net/video/R_f2HenF1cQ/видео.html
Hi Shankar- sorry to post this here-couldnt find a link anywhere else. I remember it was possible to book an appointment/chat with you-do you still do that and if yes how should i proceed. Thanks
Hello -- sorry, I'm not doing in paid 1:1 consultations currently. I'm focussing entirely on 1-to -many formats like my RUclips channel, newsletter and a few more products that I plan to introduce in the coming months
What are the side hustle one can start?
There's a long list in the video itself. Start with what you are good at. Even if you say something comical like "I'm good at wasting my time watching videos on RUclips", you can convert it into a series of weekly videos on -- The Week's Best Videos. There is no limit to what one can do as a side hustle. Think strategically i.e. do something that can make you consistent money and can be built upon as a career
Sir I recently watched your video wherein you talked about only having only 2 mutual funds in your portfolio & that were Nifty 200 Momentum 30 Index and Nifty 500 Value 50 index
I was genuinely intrigued by the THE MOMENTUM BASED SWITCH method I wanted to back test same with other momentum based indices.
The main problem that I encountered was to get historical data of other momentum indices which are launched in recent years only, so my question to you was that how were you able to get monthly closing values of nifty 200 momentum 30 way back from jan 2007 even though index was launched in 2021
I would really appreciate you sharing the source of data
And yes lastly wish you and your family Happy Diwali 🪔
Wishing you a happy Diwali too. I use niftyindices.com to pull out the data. Pls follow these steps after you access niftyindices.com :
1. On the top navbar, you'll see REPORTS
2. Within that sub-menu, click on HISTORICAL DATA. A new page will be rendered
3. In the top drop-down (orange color text), select "Total Returns Index Value"
4. Select Equity from next drop-down
5. Then the index you want data on
6. Then the dates
7. Click Submit
@@shankarnathThank you so much for the info sir🙌
This video is different from your earlier ones 👌
Shankar ji thank you❤
Always welcome. So nice of you
Shankar, great content ❤..Appreciate ❤... What about EPF, even that will bea considerable corpus after 25-30y career right..
Thank you. Best guess -- EPF over 30 years might be more like 0.7-1.5 crs of corpus
Great Video.
Thanks!
Your videos are wonderful.Give clear, precise solutions. Just one issue, kindly add Hindi language also, will be more helpful
Thanks for the suggestion
मैं पिछले 1 साल से चुस्की ले रहा हूँ,
अपने चैनल पर, मैं प्रतिदिन एक लघु वीडियो अपलोड कर रहा हूं कि म्यूचुअल फंड हर दिन कैसा प्रदर्शन करते हैं।❤😊
Sir, I like your content, it gives great deal of practical understanding. What would you advise me if I have a 1 crore corpus now and can be invested for 10 to 15 year's without touching it.. how can I reach to 15 crore target? Thanks
Thank you! I'll suggest you work with a financial advisor to examine the possibilities of reaching 15 crores of target in 10 years.
Since the target you have quoted is ambitious, my own approach would be exactly what I said in the video -- I'll take the self-employment route and aim to earn 20 lakhs/month in profits & ofcourse, invest that money in equity instruments like mutual funds/stocks etc.
The bonus here is that if the business I've built becomes big (say, 5 crores of profit every year), then I can sell it at a multiple of atleast 5 -- so that's an additional 25 crores I can make of it
Sir please suggest where to take loan against mutual fund.. Please sir.. Which is safe and which one
Hello. I haven't tried one myself but since it's a loan i.e. you are borrowing -- the safety bit is not that relevant. You can check out Volt Money
Good information sir
Thanks
Need more detailed video on second income
Yes, will come up. I'm meeting many people who are building 1-5 member companies earning 20 lakhs or more a month. Will be happy to share with all
@@shankarnath thank you sir🙏
Sir i am 20's willing to take a high risk. Should i pool in money only in one mutual fund or should i focus on diversifying like 70 percent small cap 15 percent large cap and 15 percent small cap?
Pls diversify. Then you will worry less & will have more time to work on more important matters in your 20s like building up a career, business & skill. In ones 20s, building "capital" is more important than focussing on just "return on investment"
@shankarnath should I follow the 70 15 15 in those 3 mf's or should I put in flexi cap??
@@Universaldrops Kindly consult a financial advisor for such specifics.
@@shankarnath thank you ♥️
1st view and 1st like goes from Odisha❤❤
Thank you 🙌
Hello Shankar! Truly amazing video! Your knowledge of financial planning is awesome. Kindly make a video on this topic 'Which is a better investment instrument- 1. Active Mutual funds- 2. Passive mutual funds (Index funds) or 3. ETF's' for those who cannot handle volatility of the stocks or stock market and are interested in long term investing.
Thank you for your kind appreciation and suggestions