Once you are rich - you work for yourself and do what you love ( also & employs others to work for you) which makes it more interesting to work till your 80s
Absolutely, well said. But most think that stocks is an easy way to make lots of money so that they need not earn anymore through regular value generation means.
Alok ji is presenting a viewpoint. It may jot fit all but the conversation around early retirement is getting stronger day by day , just a fact check as to how things change with the amount one has and then realizing later it wasn't big or good enough.
In the village even if someone gets 10 lac he can think of retirement. Enjoying the life is more important rather than just focusing on what will be good corpus to retire. Ye dil ♥️ alway mange more.
"What they thought was fire, caused fire in their houses"😂😂 Couldn't agree more, sir. I believe people want to ''retire early'' because they feel like they don't love their jobs. You're a great example of making it by doing what you love!!
@@marketleader6357 I think thoughts of early retirement are coming from such UA-camrs. But I think most of Indian middle class working person earns avg 50,000/- Or less in their late 20s and early 30s having decent job. They try their best to invent passive income as well as active income but tremendously fail and definitely not achieve FF in late 40s.These UA-camrs do not provide medium or teach how discipline one must invest in Stock markets or even other ways to develop active income or how to increase current income. Nowadays UA-camrs talk about asset allocation and invest in different mediums but do not provide solution. How can a common man like me try to achieve FF? No harsh feeling to anyone.
For most of us who are working in Pvt Company early retirement is not by choice but the current job market is such that having a job until retirement age is becoming tough.Every year younger generation is coming with new skills and companies are on their toes to reduce cost at optimium level each quarter.I think FIRE is catching out not because people want to retire early but are concerned that they will have no jobs in future.
Impressive video! Request for videos on the topics: 1. How to find the intrinsic value of a company's share and how to calculate the forward P/E ratio? 2. What is PE expansion and contraction? Thank you!
2.5 cr in tier 2 city is a good number even after 10 years. Don't trust these so called financial advisors who say it's not going to be enough. It is enough.
As usual, an excellent video. In fact, all your videos provide data backed practical solutions to our quest for Financial Indepence. Thank you. God Bless.
Great video, Sir. While there have been some hypothetical points taken to prepare this video, I fully understand that the way early retirement is been romaticized, this vid is a good fact check so that one doesn't fall in for this wrong notion of retiring early with relatively lesser corpus as one has, only realizing it later.
Good information, though reality is lot of theory does or doesn't pan out as expected, another point,a personal view,is care about future as well look to live today joyfully.Inculcate savings habits is equally important as investmentts for creating a future corpus.Inflation exponential graph though a fact is scary 😢, thanks once again
Retirement amount would depend upon person to person and their life style.. But one clear cut formula is to accumulate 25 times of yearly expense, anyone can enjoy financial freedom. Also as mentioned in the video, its really important to find an engagement to keep someone busy in their area of interest..
Inflation adjusted yearly expense. But this formula applies only if you already have kids going to school. Then the expenses are closer to final. But need to also add college fees and marriage expenditure
It’s fascinating how financial status can influence one’s outlook on work and retirement. For many in the middle class, work can be more about necessity than passion. The idea of retiring early is appealing because it represents freedom from financial stress and the opportunity to enjoy life without the constraints of a job. While some individuals find fulfillment and purpose in their work. It´s all about personal perspective...
Definitely Investing is Just a part of life But doing work where are you good at Brings happiness to you & the clients and money is the Plus at that. Dont want to retire till i my health is bad but just want to create a healthy finance cushion where i can fall back any time.
The whole problem is unnecessary expenses creating problems... A simple solution is, don't buy things when you can buy them. Buy the when you can maintain them😊
Insightful, as always. Another way of looking at it is: annual 12% return from equity investment minus 7% inflation rate. Thereby investment of Rs.2,000/- a month grows at effective rate of 5% per annum.
I can't understand rule of 72. If my return of investment, may be imaginary 72, then in 1 year it shall double. But it's only 1.72 times not 2 times. Is there any more conditions and parameters which is missing on so much hyped rule of 72.
Being Financial independence does not mean one must retire early . One must thrive to get FI and Not be confused with RE. Being FI gives huge psychological support. Gives flexibility for work. One must know FI number.
After 35 years, Annual expenses will be more than One Crore per year (guys we are spending 12-15 lakhs per yer today). Just compare 1990 Annual Expenses vs Todays Annual Expenses
Desai you are living in a different world then... 80% of indians yet do not earn 10-15 lakhs and u call for spending 😂😂 U have no ground level reality. If u accomodate What u spend on your luxuries then FIRE no. For you creeps will definitely be more than 50 CR
Retirement corpus and Annual Expenses is a cat & mouse game...One Crore corpus is good enough for 3-4 Lakh per month expenses person...but at the same time person earning 3-4 lakh will never be able to create corpus of Rs. One Crore.
I haven't found anyone saying 1 cr is enough to FIRE and I have seen enough of that kinda content here. People generally talk about how a 5k sip can take you to 1 CR in long term that too because for most people in India 1 Cr is a magic number but no one said it is enough to retire it is not. Even if you have 1 CR today it isn't enough if you have a family because the safe withdrawal rate is not really 4 or 5 percent as suggested by a lot of people looking at the US history. In India things are different and market may stagnate for few years so a health SWR is somewhere close to 2-2.85% based on few Nifty Modelling. Even if we consider that one needs to very carefully calculate their needs and wants. And all this can only serve as a high level figure because no one knows what might pop up in the future.
@@AlokJain You have a good sense of humor even though your voice and presentation is sober.. Need to learn effective communication from you. I also have a weak voice and struggle to get heard...
Work place is so toxic these days.. so you are are asking what would you do with your time.. thats a good concern to have. Its definitely better than having to work everyday in a bad environment
कर्म ही भगवान है इसलिए जब अच्छा पैसा हो जाए तो retire की बजाए अपनी पसंद का काम करें ..Title must be when quit job which is doing just for earning and do what you want…i feel these things at age of 36… ख़ाली दिमाग़ शैतान का का घर है और साथ में both physical and mental health down हो जाती है जिसको शक है 1-2 year ख़ाली रहकर देख सकता है
In reality, most people don't want to retire after achieving 1 Cr or Lean FIRE number. They want to have 1 Cr so that they can do a less stressful job or follow a profession which is interesting to them. Few want to improve their health. Also few want to move back to their native town/village with a good capital , where they can enjoy affordable housing , low cost of living , clean air and so on. In short, they like FI(Financial Independence) but not RE(Retire Early).
Sir, in the current market scenario, is it better to pay off loan or invest in equity. I have mortgage loan of 6 lakh at 9 percent interest rate.this loan wss taken knly few months back.. Monthly emi of 25k.. I have surplus of 1 lakh per month.. Thank you
Sir...as India grows and the population growth decreases...will inflation not fall...should we also be prepared for zero interest rates...just want to know if can such scenario happen and in how many years can it happen..
idle mind devils house .....its not money but keeping oneself constructively enagaged is very important. I know people got retired and got sick in 3 months all savings gone in hospital. Any way excellent sir thanks
Honestly the word retire is different for different people. It's important to have a big corpus which is enough and more to handle your current expenses. People want to get out of the rat race and do things which helps them enjoy what they do. Obviously retiriely and sitting at home wil kill you
Why 1 or 2 Cr not enough? I don't think Delhi ya Bluru Security guy will be earning 11.76x of his current salary around 18-20k in 35 yrs from now. Like wise a Delhi Mumbai flight 1 way wud cost 1 lac inr in 35 yrs according to this logic
70 percentage of my investment is in real. Estate even though it gives poor returns but it keeps my emotion in check.. I cannot sell it at click of button
People are desperate to retire early because they are stuck in the wrong jobs and they want to go that shit work daily because that’s paying for their retirement. Once people want jobs they love and have better control over their day routines , no one will want to retire early
Irony is rich want to work till 80 and middle class want to retire early.
Awesome quote
Rich employ others to work. Nowadays they make a person to do 2 persons work. Middle class who work for rich get exhausted and want to retire early.
Once you are rich - you work for yourself and do what you love ( also & employs others to work for you) which makes it more interesting to work till your 80s
Actually in many cases middle class ppl start hustling very early of lige compare to rich people so they want to end the struggle early
Rich are addicted to 🤑
Anyway its a useless life if used only to work for money 🤑
The real reason why FIRE is popular is because people hate their jobs.
Your analysis about money become half with inflation is awesome
ya
@@alokacs3986 so that is nothing great what he told....
GK
I believe purpose of investment is not to grow money but to retain purchasing power.
Yes. Mostly that.
Both. If you make 2X the Inflation.
Absolutely, well said. But most think that stocks is an easy way to make lots of money so that they need not earn anymore through regular value generation means.
both
Your assumption is also wrong, no one is saying 1 cr corpus after 35 year. Wat they want is 1 cr today
Ok
Please watch the video again. He said that most financial gurus as suggesting this and it is wrong.
@@virajn4100 no one is suggesting this non sense. Only he is assuming like that. Everyone understands about inflation today.
Alok ji is presenting a viewpoint. It may jot fit all but the conversation around early retirement is getting stronger day by day , just a fact check as to how things change with the amount one has and then realizing later it wasn't big or good enough.
Inflation should be calculated with 6%
In the village even if someone gets 10 lac he can think of retirement. Enjoying the life is more important rather than just focusing on what will be good corpus to retire. Ye dil ♥️ alway mange more.
yup
U can retire with 1 crore.
But make sure u have 50 lakhs Invested on good multiple stocks.
50 lakhs in FD & take 45 lakh Overdraft (OD) over it😎👌🏻
ok
"What they thought was fire, caused fire in their houses"😂😂 Couldn't agree more, sir. I believe people want to ''retire early'' because they feel like they don't love their jobs.
You're a great example of making it by doing what you love!!
One of the reason for early retirements for now a days is worst working environment at work place.
@@marketleader6357 I think thoughts of early retirement are coming from such UA-camrs. But I think most of Indian middle class working person earns avg 50,000/- Or less in their late 20s and early 30s having decent job. They try their best to invent passive income as well as active income but tremendously fail and definitely not achieve FF in late 40s.These UA-camrs do not provide medium or teach how discipline one must invest in Stock markets or even other ways to develop active income or how to increase current income. Nowadays UA-camrs talk about asset allocation and invest in different mediums but do not provide solution. How can a common man like me try to achieve FF?
No harsh feeling to anyone.
For most of us who are working in Pvt Company early retirement is not by choice but the current job market is such that having a job until retirement age is becoming tough.Every year younger generation is coming with new skills and companies are on their toes to reduce cost at optimium level each quarter.I think FIRE is catching out not because people want to retire early but are concerned that they will have no jobs in future.
Absolutely true my friend 😅
possible
Impressive video!
Request for videos on the topics:
1. How to find the intrinsic value of a company's share and how to calculate the forward P/E ratio?
2. What is PE expansion and contraction? Thank you!
Tks. These are fundamental concepts . can find on zerodha varsity
2.5Cr is the base amount for FIRE in a tier 2 city.
All these nos r useless
Depends where u stay and how u spend .
@@deveshmaheshwari6598exactly. Everyone have their own lifestyle and needs.
2.5 cr in tier 2 city is a good number even after 10 years. Don't trust these so called financial advisors who say it's not going to be enough. It is enough.
Video was released 2hours ago!! How come these ppl commented 2 DAYS ago!!!?? Is there an early access @AlokJain
Minimum corpus to retire early is 5 crore and own house with no loans in 2024 for the age of 50 years.
ok
How have you calculated 5cr? Why not 10cr or 50 cr?
Thank you Alok jee .... making much more sense and thought provoking .Keep enlightening with your expertise n wisdom .
tks
As usual, an excellent video. In fact, all your videos provide data backed practical solutions to our quest for Financial Indepence.
Thank you. God Bless.
Glad it was helpful!
Great video, Sir. While there have been some hypothetical points taken to prepare this video, I fully understand that the way early retirement is been romaticized, this vid is a good fact check so that one doesn't fall in for this wrong notion of retiring early with relatively lesser corpus as one has, only realizing it later.
tks
Good information, though reality is lot of theory does or doesn't pan out as expected, another point,a personal view,is care about future as well look to live today joyfully.Inculcate savings habits is equally important as investmentts for creating a future corpus.Inflation exponential graph though a fact is scary 😢, thanks once again
Retirement amount would depend upon person to person and their life style.. But one clear cut formula is to accumulate 25 times of yearly expense, anyone can enjoy financial freedom. Also as mentioned in the video, its really important to find an engagement to keep someone busy in their area of interest..
Inflation adjusted yearly expense. But this formula applies only if you already have kids going to school. Then the expenses are closer to final. But need to also add college fees and marriage expenditure
yes
1 ka 13 cr is what will FIRE 🔥
Amazing & data backed way of looking at general narrative floating in market
Indeed that came pretty close to what I've been working on and it for sure looks a steep task
Thanks! a very simple method you have mentioned here for financial freedom
Tks
Very well presented .. your videos are were simple , data based and practical
Thanks a ton
It's an eye opener video for me. Thank you for clarifying the statistics.
tks
It’s fascinating how financial status can influence one’s outlook on work and retirement.
For many in the middle class, work can be more about necessity than passion. The idea of retiring early is appealing because it represents freedom from financial stress and the opportunity to enjoy life without the constraints of a job.
While some individuals find fulfillment and purpose in their work.
It´s all about personal perspective...
Yes, you are right...informative talk on setting realistic target
As usual fantastic video and eyeopener of Net present value very well explained.
Definitely Investing is Just a part of life But doing work where are you good at Brings happiness to you & the clients and money is the Plus at that.
Dont want to retire till i my health is bad but just want to create a healthy finance cushion where i can fall back any time.
yup
VERY PRACTICAL...
Worth watching 😊
Tks
Great insight
People don't consider the depreciation in corpus while calculating their FIRE number
tks
Wise points! Inflation is different for different people. It's your expense reality. Your out flow for taking care of parents, life style etc.
yup
Dear Weekend Investing your videos are very informative, thank you for this content specially some tailored made excel sheets.
So nice of you
Myth busting scenario.
❤
Inflation is going down...😃back in 1992 home loan interest rate was 19.3%. Today it is close to 8%.
The whole problem is unnecessary expenses creating problems...
A simple solution is, don't buy things when you can buy them. Buy the when you can maintain them😊
what if goes up again
@@AlokJain Nothing offensive sir...but it's not only about inflation...The unnecessary expenses became more
Great insightful video, thank you, WeekendInvesting team!
Tks
Very good observation...you are awesome ❤
tks
Very practical approach video sir
Very gud content
tks
Thank you alok sir and team for this data and analytic… Very insightful. Your content is really so informative, keep it up 🙏
So nice of you
Insightful, as always. Another way of looking at it is: annual 12% return from equity investment minus 7% inflation rate. Thereby investment of Rs.2,000/- a month grows at effective rate of 5% per annum.
@@apurvanagoree768 makes sense
yup. real rate of return
I can't understand rule of 72. If my return of investment, may be imaginary 72, then in 1 year it shall double. But it's only 1.72 times not 2 times.
Is there any more conditions and parameters which is missing on so much hyped rule of 72.
It is an estamte Rule for >1 yr
Being Financial independence does not mean one must retire early . One must thrive to get FI and Not be confused with RE.
Being FI gives huge psychological support. Gives flexibility for work.
One must know FI number.
Ok
Words of Wisdom. Thank you so much
You are so welcome
Very different prospectives and worth reflecting.Thanks
tks
Very well articulated 👌
Tks
When you are Pro in Maths and finance.
Well said ... Good video
tks
Guys... Better to accumulate 60 or even 70 times of annual expenses then no need to fear the inflation
yup
After 35 years, Annual expenses will be more than One Crore per year (guys we are spending 12-15 lakhs per yer today). Just compare 1990 Annual Expenses vs Todays Annual Expenses
Desai you are living in a different world then...
80% of indians yet do not earn 10-15 lakhs and u call for spending 😂😂
U have no ground level reality. If u accomodate What u spend on your luxuries then FIRE no. For you creeps will definitely be more than 50 CR
Correct ....concept of FIRE is useless....focus more on satisfaction through work .....
Exactly
Well realistically explained!
Tks
Retirement corpus and Annual Expenses is a cat & mouse game...One Crore corpus is good enough for 3-4 Lakh per month expenses person...but at the same time person earning 3-4 lakh will never be able to create corpus of Rs. One Crore.
I haven't found anyone saying 1 cr is enough to FIRE and I have seen enough of that kinda content here. People generally talk about how a 5k sip can take you to 1 CR in long term that too because for most people in India 1 Cr is a magic number but no one said it is enough to retire it is not.
Even if you have 1 CR today it isn't enough if you have a family because the safe withdrawal rate is not really 4 or 5 percent as suggested by a lot of people looking at the US history. In India things are different and market may stagnate for few years so a health SWR is somewhere close to 2-2.85% based on few Nifty Modelling. Even if we consider that one needs to very carefully calculate their needs and wants.
And all this can only serve as a high level figure because no one knows what might pop up in the future.
Ok
Loved the epic line @2:55 "what they thought was fire actually caused fire in their houses" :D
haha
@@AlokJain You have a good sense of humor even though your voice and presentation is sober.. Need to learn effective communication from you. I also have a weak voice and struggle to get heard...
Eye opener..
tks
Very practical views.
tks
Work place is so toxic these days.. so you are are asking what would you do with your time.. thats a good concern to have. Its definitely better than having to work everyday in a bad environment
Good pt
thanks sir what if i have currenr 1 cr and its value after 10 yrs can u pls coments
congrats first. and if you will invest wisely it will become a large no in 10 years.
Wonderful video i have seen in past few months, thanks sir
So nice of you
wonderful insight
tks
Fantastic wow...
I have found out the couple of works which i will do intensly for remaining life..
I am enjoying my daily work life.
Keep it up
Scary but an eye opener video
ya
Typically a question comes, can we retire when 1 cr is reached for retirement fund, at age 38. This doesn't include other life goals.
ya
कर्म ही भगवान है इसलिए जब अच्छा पैसा हो जाए तो retire की बजाए अपनी पसंद का काम करें ..Title must be when quit job which is doing just for earning and do what you want…i feel these things at age of 36… ख़ाली दिमाग़ शैतान का का घर है और साथ में both physical and mental health down हो जाती है जिसको शक है 1-2 year ख़ाली रहकर देख सकता है
ji
Is it ok to invest in mutual funds right now or shd I wait for the market to go down …. Pls suggest few mutual funds … thank you.
long term investing needs no timing in a fund
rightly captured, 1cr is symbolic, the value is going to be less than 10L in 35 yrs.
ya
Fire cause fire in their house.. great lines.
ya
For me 1CRORE is RETIREMENT (FIRE) number as only 30year old me ..... live in Tier 3 City Small Town in my Own House......
Very good content
tks
You are right. A very informative talk on setting realistic target. Thanks a lot.
tks
Thank you 🙏
Sure
My current annual expense is 9-10L. 33X is 3.3cr & I intend to retire by 2030. Considering 7% inflation ~5cr
Sounds about right
ok all the best
Lovely presentation. Words of wisdom
tks
Thank you for this video
ok
An excellent session.
Tks
Good content..👍
Thank you 👍
In reality, most people don't want to retire after achieving 1 Cr or Lean FIRE number.
They want to have 1 Cr so that they can do a less stressful job or follow a profession which is interesting to them. Few want to improve their health.
Also few want to move back to their native town/village with a good capital , where they can enjoy affordable housing , low cost of living , clean air and so on.
In short, they like FI(Financial Independence) but not RE(Retire Early).
Sir, in the current market scenario, is it better to pay off loan or invest in equity. I have mortgage loan of 6 lakh at 9 percent interest rate.this loan wss taken knly few months back.. Monthly emi of 25k.. I have surplus of 1 lakh per month.. Thank you
Since market seems overvalued, surplus can be allocated towards loan repayment (25k), gold (25k), debt (25k) and equity (25k) equally
i would let long term sub 9 pct loans run
@@AlokJain but where to invest now sir, mkt all time high..should I hold the cash and invest on correction
Any discount on Mi20 subscription?
Check with team pls
Sir adani power apne nikala
Aur aj 5% badh gya
ya
Thank u very much sir❤❤
So nice of you
Sir...as India grows and the population growth decreases...will inflation not fall...should we also be prepared for zero interest rates...just want to know if can such scenario happen and in how many years can it happen..
No one knows. There is no point thinking about these things. Don't over optimize finance. Keep it simple.
no. consumerism will not stop increasing for next 2-3 decades as per capita income increases
Alok.. Grey hair as well as wisdom
Any colour hair is fine at my age. Just hair shd remain 😄
"Fire caused fire in their houses" -lol
We should target the amount in dollars term not in rupees for example $300k or $400k
ok
idle mind devils house .....its not money but keeping oneself constructively enagaged is very important.
I know people got retired and got sick in 3 months all savings gone in hospital. Any way
excellent sir thanks
ThAnk u sir for the Golden words...Priceless...❤
tks
Early retirement will increase Crime rate😅
Kehte hai na
"Khali dimag shaitan ka ghar"
😂
If you love your work and passionate about it than retirement is not required instead person get "Rewired"
Example : warren buffet
great
Honestly the word retire is different for different people. It's important to have a big corpus which is enough and more to handle your current expenses. People want to get out of the rat race and do things which helps them enjoy what they do. Obviously retiriely and sitting at home wil kill you
ya
U can't retire with 3 crore also, if u r married 😢
ok
its eye opener
Why 1 or 2 Cr not enough? I don't think Delhi ya Bluru Security guy will be earning 11.76x of his current salary around 18-20k in 35 yrs from now.
Like wise a Delhi Mumbai flight 1 way wud cost 1 lac inr in 35 yrs according to this logic
Yeah
If you retire and if you don’t have one crore,even than you have to live
ya
Good content
Retired early sitting in public park...road roaming😅😅 ...
only person who is speaking common sense in this FIRE nonsense
Tks
If you already have your own house I think it's a yes...
ya
70 percentage of my investment is in real. Estate even though it gives poor returns but it keeps my emotion in check.. I cannot sell it at click of button
Yup. Whatever works for you. There shd be no race
People are desperate to retire early because they are stuck in the wrong jobs and they want to go that shit work daily because that’s paying for their retirement. Once people want jobs they love and have better control over their day routines , no one will want to retire early
ok
Nice
tks
Your thumbnails says can you retire with 1 CR today and you are talking about after 35 years. Why you are beating around the bush
bush is meant for that only
and 35 yrs needs to be calculated from 18 so 35+18 almost 55,
ok
Good morning sir
Morning
Nobody says 1 cr is the FIRE corpus..
at every level FIRE corpus is different.