I Became Financially Free in 7 YEARS | PowerUp Money
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- Опубліковано 30 чер 2024
- Join us in this inspiring episode as we chat with Lakshmi Narayan, a seasoned finance professional who discovered the concept of FIRE (Financial Independence, Retire Early) at the age of 50. | PowerUp by Uni
He achieved financial independence in just 7 years despite starting later in life, retiring at 57.
Lakshmi shares his journey from learning the basics to mastering investment techniques, proving it's never too late to start your financial independence journey.
Tune in for practical advice on investments that anyone can apply, whether you're a beginner or looking to enhance your existing portfolio.
👀 Watch the full video for more insights and inspiration.
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Timestamps
0:00 - Highlights
0:50 - Lakshmi’s journey
2:03 - How did he increase his wealth?
3:03 - Lakshmi’s retirement corpus
4:10 - How did Lakshmi profit in a market downturn?
5:00 - His portfolio allocation
5:22 - Government scheme to consider for investing
6:06 - Mutual funds allocation
6:34 - Lakshmi's strategy to figure out which scheme to invest
7:13 - What is Alpha?
7:30 - What is Beta?
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84 month in 1.5 lpa equal to 12600000. Now 8% on it comes to 84000 per month so he is home. No wizardry here just more disposable income to invest .. how many individuals have 1.5 lakh to invest over 1 lakh of monthly expense.... happy for him...
They did not mention what is his retirement corpus ...even after investing 1.5 lacs monthly for 7 years you will not get more than 2.5 crs considering return of 18 percent which is rare
I recommend two types of SIP's
1st SIP is systematic investment plan, do it as soon as possible for as long as possible
2nd SIP is systematic improvement plan, means keep learning about finance 🎉
Soon new episode- Yesterday I had zero savings today I am finacially independent 😂
It seems like a fake interview ....logic turned upside down
very high level interview without logic! its fine being a CA not aware of investments may be possible. He says 100 years both can survive on 7 years investment 150000 monthly. which comes about 2,23,45,223 at 15% returns. Any way not convincing for sure
Without saving anything upto 50 and all of sudden he is able to invest 1.5 l pm. How did he took 1 cr term insurance . How did he invest in stock market and mutual funds. Is this a joke?
He might not have invested till 50. The corpus was probably in safe funds lime FD. But baffling thing is about govt schemes. He has a 1cr in that, something doesn't add up
He took term insurance by paying an amount monthly which is possible. He was earing 2.5L is what he said. From that he start doing sip in mutual funds and some amount in equity. During covid crash he must have invested more and got very high return in equity and mutual fund when market bounce back. It happened with many investor who invested during the time of covid.
There is no details.. Very generic statement.. Not sure if there is any value for the viewers because if people say that they have achieved financial freedom in 5-7 yrs by investing in mutual funds, and not giving any details..
Need more videos like this. Real experience of people achieved financial freedom....nive presentation and usefull info...thanks for your effort
Hope you enjoyed it!
Definitely was waiting for this one. What a great episode! 👏🏼
Hope you enjoyed it!
The interview would have been more helpful to me as a budding investor had I got to know critical information such as how much the gentleman was able to build in his 7 years of investment horizon, what was his amount of SIP, and average growth rate (cagr) etc.
Hi Vishal,
We spoke to the guest, and he mentioned that he wants to keep his portfolio confidential. Regarding the CAGR, he said it was more than the average returns. He also mentioned that he was earning 2.5 lakh per month and was quite open about it. This can give you an idea of how much he would have invested per month.
The interview also reveals the amount of wealth he squandered, even being a finance professional 😂
It's unclear what his target retirement corpus was approximately. He mentioned earning ₹2.5 lakhs per month at age 50, with the ability to save ₹1.5 lakhs per month. This implies his personal monthly expenses were ₹1 lakh. By saving ₹1.5 lakhs per month for 7 years, he achieved his retirement corpus as per the FIRE terms (25X) equaling ₹3 crores (inflation not considered). Does this mean he invested ₹1.5 lakhs per month and achieved a 22% YoY return to reach the ₹3 crore corpus?
Nice points u have highlighted... Very foggy sort of declaration
@powerup_money Statistics which is used in the video is Consistent Return , Standard Deviation , Alpha , Beta . Can we have one session on how to put this in excel sheet / pater and compare the funds .. ?
Thanks a lot for your feedback. We’ll take this into consideration.
In 2007
Rs 1.5 lakh investment was very high
What is he doing post retirement?
thanks
Any guess what is Laxmi sir's FIRE amount?
Traning in finance income 2.5 Lakhs per month and no savings, no investments till @ 50 ... Great 😂😅😂😅 please don't fool innocent people's for God Sake 🙏🙏🙏🙏
What a liar!! Senior citizen saving scheme of post office allows an individual to invest only upto 30 lakhs..if he does it for wife then it will become 60 lakhs not 1 cr.
Also some other govt schemes he told.
Hi Manoj,
Our guest mentioned that he invested 1 crore across all government schemes, not just in the Senior Citizen's Savings Scheme.
Plzz state Retirement Corpus
Full lies , he is financial advisor and did not invest till 50 no way it can be believed
He is a financial advisor now.. not when he was 50..😂😂😂
Useless video without any details
Not a convincing interview… Looks like a makeup story
Absolutely!
He started when bull market started 😂
either this guy is real Fake or real lucky ..
Fancy title with absolutely zero substance.. No info regarding the amount he invested monthly, the funds he chose was given.. Empty shell..
Hi Vivek,
Our guest shared his income, allowing you to estimate how much he might have invested, considering he mentioned investing aggressively. Regarding the fund, we avoid disclosing any specific names as per regulatory requirements, and we intend to strictly adhere to this policy.
Guys see this so called finance professional are high earning people. Till 50 no savings. Do you believe. They are here through paid promotion to tell their fake forged experience and make you people to follow them take their course and lose money . Don't go behind these dumbs.
What rubbish
He us educated plus financial advisors...
Don't give us bullshit talk
I'm sure he started investing long before
Kon baanaya isko CA ? Kuch be bolta hai 26 se 50 years tak konse planate pe tha ? Wo question toh pucha he nai
One doesnt qualify for term insurance at the age of 50+
Totally fake story
Most of these kind stories are cock and bull stories