I moved 17 companies in my 26 years of salaries career. Im 48 now, i retired from salaried life and started my own company. Its small and its growing. No big network. Only by confidence. Never depend on company. Your child hood hobby will be your driving force after 40+. So find what you loved the most. Btw, i have worked in 4 countries ( more than an year in each, some 4 yrs), i know 5 indian languages, i hold double masters degree. My suggestion 1. Keep learning 2. No loyalty to anyone. Be loyal to yourself. 3. Understand the value of money. 4. Stay healthy and keep thanking God/Universe/Earth... For this beautiful life.
great sir, I'm 38 and have around 14 years of experience in IT. Now, it's very difficult to upskill every time. What do you think? What path should we choose once we reach 40-plus? I really want to enhance my finances as well.
It's a no-brainer that one needs to continuously upskill in IT to survive. The difficult part is balancing upskilling and competing with the newer generation in technology while managing family responsibilities for 40+ folks. General management, office politics, and doing bosses' personal work cannot sustain a career for long.
Most managers in IT services in India focus on people management, project reports, client calls along with team members, and pre-sales work ( Excel, ppt).Very few are skilled in code reviews, debugging defects, or writing even test scripts. For such managers, getting fired makes it extremely difficult to join another company unless they have highly influential connections.
Can't agree more with you. Thats why have started aggressively investing at 32 (which is late, but better late than never) and cut down unnecessary expenses. Have to get to a FIRE number in 10yrs. Atleast tab naukri gayi toh taxi drive karunga ya baccho ko padhaunga or something else 😅
I am still 29 ,so not sure if if should continue with private or give chance to government exam 😅 . I am earning 20 Lpa ,kind of confused seeing the situation.
Debt fund Motiwal oswal S&P 500 is taxable on income bracket. So , the corpus is hit hard with the salary of the more than 1cr, which this person might have annually. So, he need to pay 35% effective tax.
Sir aap FD ka use karte ho kya? Aur next video main batana about FD. , iam in 30% Tax slab. Auto renewal karke can i be saved from Tax till i stop earning?
Bhed chaal chal rahi hai, US mein moneyplant laga hai kya? Funny thing is that topic of talk is ki 45 Kay baad job nahi hai 😅but sir ne 2Cr INR ne US education pe daal diye. Better to study in a low cost economy and come to US to earn. Physics is same wherever you learn it. India mein fashion hai aajkal US bhejo undergraduate studies Kay liye.
If I am in the same situation as parent ,I will ask my child to study in IISER as a physics graduate & then apply for a PhD in US or Europe. Then there will be no burden of taking such ahughe loan .The only consideration is that the child should be able to get a seat at IISER
and if your audience is corporate people, south india is that...whats the point in talking to a target crowd in a language that none of us understand, keep it in english....
Learn hindi. It will be good for you. People who know hindi mostly know english as well. But most english speaking south India doesn't know hindi. I wonder why and whats the problem in learning hindi, the language most prevalent in India
@@sudeepchatterjee1097 , Tamil is oldest language in the world and telugu and kannada are close to second ....why dont north indian learn english and one of these languages?....I see them suffer when they come to south for jobs....
rats are more prevalent than tigers, yet we keep tiger as our national symbol....similarly we have more crows than peacocks, on and on...think on those lines, nothing wrong in north indians learning oldest and original languages of india (tamil, telugu and kannada) than forcing us to learn a young half urudu, half Persian language....
@creativetube2939. Please keep your language politics outside. There is sufficient English you can understand. Jobless folks and please keep politics outside
Indian parents should stop wasting money on super expensive education for their kids(let them get get scholarship, partial aid AND let the kids take loans on their name). Also STOP wasting money on expensive weddings, must have cars, vacations etc. Parents who waste money on the above things and THEN are worried about their future, have only themselves to blame. Things are really difficult in the job market after your early/mid 40's. This is NOT the time to splurge on bs expenses and then keep worrying about your job stability and money. Hope 40 yo parents are waking up to this ruthless ground reality.
That's what I've already known at the beginning of my career. That's why started investing early and increased investments every year. I'm 38 right now and can easily retire in the next 5 years. Thanks to equity mutual funds.
I moved 17 companies in my 26 years of salaries career. Im 48 now, i retired from salaried life and started my own company. Its small and its growing. No big network. Only by confidence.
Never depend on company. Your child hood hobby will be your driving force after 40+. So find what you loved the most.
Btw, i have worked in 4 countries ( more than an year in each, some 4 yrs), i know 5 indian languages, i hold double masters degree.
My suggestion
1. Keep learning
2. No loyalty to anyone. Be loyal to yourself.
3. Understand the value of money.
4. Stay healthy and keep thanking God/Universe/Earth... For this beautiful life.
great sir, I'm 38 and have around 14 years of experience in IT. Now, it's very difficult to upskill every time. What do you think? What path should we choose once we reach 40-plus? I really want to enhance my finances as well.
Hi can i connect with you i need someone to guide me. I am a early career guy finding ir very hard.
@@shoryabeohar1816 Can i connect with you to know your experiences
It's a no-brainer that one needs to continuously upskill in IT to survive. The difficult part is balancing upskilling and competing with the newer generation in technology while managing family responsibilities for 40+ folks. General management, office politics, and doing bosses' personal work cannot sustain a career for long.
Most managers in IT services in India focus on people management, project reports, client calls along with team members, and pre-sales work ( Excel, ppt).Very few are skilled in code reviews, debugging defects, or writing even test scripts. For such managers, getting fired makes it extremely difficult to join another company unless they have highly influential connections.
Can't agree more with you. Thats why have started aggressively investing at 32 (which is late, but better late than never) and cut down unnecessary expenses. Have to get to a FIRE number in 10yrs. Atleast tab naukri gayi toh taxi drive karunga ya baccho ko padhaunga or something else 😅
Hope waisi naubat na aaye.
Same thoughts, Same plans Bro ! Lets see !!!
An eye opener for all techies reaching 40 plus age. Thanks Ravi and Rahul for this insightful podcast.
Glad you liked it
By 45 ,if you are not in the top management responsible for laying of atleast 100 people at a go , you are in danger of getting layed off
Bullshit
My manager above 40 and my Senior Manager over 45, both are doing well in the team. They are not in business of lay off.
@@KapilDev-CAfor now talk to them in private they know in their hearts the time is ticking…tik tok tik tok…☠️💀
First of all Thanks for bringing Rahul to this podcast. Glad to hear him. Very clear thoughts and honest conversation. Loved the talk.
Working in global bank I can say this guy makes a lot of sense!
I am still 29 ,so not sure if if should continue with private or give chance to government exam 😅 . I am earning 20 Lpa ,kind of confused seeing the situation.
Amazing episode! Thank you for the very insightful session. I could relate very well to the discussed topics.
Glad you enjoyed it!
Great episode ❤❤ Ravi, could you please explain more about dollar denominated assets and how to invest in them in one of your future videos? Thanks!
Excellent Topic..worth watching it
There are FD in UAE Banks which have 5% interest rate pa
This will save 4.5% Avg 5 yr INR depreciation benefit.
Debt fund Motiwal oswal S&P 500 is taxable on income bracket. So , the corpus is hit hard with the salary of the more than 1cr, which this person might have annually. So, he need to pay 35% effective tax.
Liked your video.
Keep doing it.❤
Thank you so much 😁
Sir aap FD ka use karte ho kya? Aur next video main batana about FD. , iam in 30% Tax slab. Auto renewal karke can i be saved from Tax till i stop earning?
13:25 totally right
Sir .. is it possible for you to talk to me? My daughter is in 5th grade and want some initial guidance for her education in the USa.
Both of us are active on Twitter and LinkedIn. Please reach out via there.
5th grade? Relax papaji. She is just a kid. Let her have her childhood.
60k USD is every year or for 4 yrs in toto?
Every year
@@desifirepodcast dear son,
Drive Uber during the day and night school attend kar.
Forget Miami, only Mumbai now.
Bhed chaal chal rahi hai, US mein moneyplant laga hai kya? Funny thing is that topic of talk is ki 45 Kay baad job nahi hai 😅but sir ne 2Cr INR ne US education pe daal diye. Better to study in a low cost economy and come to US to earn. Physics is same wherever you learn it. India mein fashion hai aajkal US bhejo undergraduate studies Kay liye.
US is still best country to earn and lead a good life if immigration is sorted out..
Education is the biggest investment for any parent 🙏 we have to secure our children's future
If I am in the same situation as parent ,I will ask my child to study in IISER as a physics graduate & then apply for a PhD in US or Europe. Then there will be no burden of taking such ahughe loan .The only consideration is that the child should be able to get a seat at IISER
and if your audience is corporate people, south india is that...whats the point in talking to a target crowd in a language that none of us understand, keep it in english....
Learn hindi. It will be good for you. People who know hindi mostly know english as well. But most english speaking south India doesn't know hindi. I wonder why and whats the problem in learning hindi, the language most prevalent in India
@@sudeepchatterjee1097 , Tamil is oldest language in the world and telugu and kannada are close to second ....why dont north indian learn english and one of these languages?....I see them suffer when they come to south for jobs....
rats are more prevalent than tigers, yet we keep tiger as our national symbol....similarly we have more crows than peacocks, on and on...think on those lines, nothing wrong in north indians learning oldest and original languages of india (tamil, telugu and kannada) than forcing us to learn a young half urudu, half Persian language....
@creativetube2939. Please keep your language politics outside. There is sufficient English you can understand. Jobless folks and please keep politics outside
Indian parents should stop wasting money on super expensive education for their kids(let them get get scholarship, partial aid AND let the kids take loans on their name).
Also STOP wasting money on expensive weddings, must have cars, vacations etc.
Parents who waste money on the above things and THEN are worried about their future, have only themselves to blame.
Things are really difficult in the job market after your early/mid 40's.
This is NOT the time to splurge on bs expenses and then keep worrying about your job stability and money.
Hope 40 yo parents are waking up to this ruthless ground reality.
Showing off his large corpus, nothing seem to deter him even after paying 2 cr for undergrad education
When did he show off corpus
The plan that he shared is quite helpful for parents like me. Doesn’t sound like show off to me.
Agree. He was always sounding modest.
Jali na? Teri jali na? 🤣
After 45 you are forced to retire 😅
That is happening a lot
That's what I've already known at the beginning of my career. That's why started investing early and increased investments every year.
I'm 38 right now and can easily retire in the next 5 years. Thanks to equity mutual funds.