Should you RETIRE early? Fund manager's views on FIRE
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- Опубліковано 3 тра 2024
- Today we are interviewing, Deepak Shenoy, the Founder & CEO of Capitalmind. He shares some insights on
- Financial Independence & Retire Early (FIRE),
- Is it important to save early in your life?,
- Buying a house vs renting, etc.
Wint Wealth: www.wintwealth.com/
Socials: / deepakshenoy - Розваги
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Can you highlight the scam by LICHFL that prevents people from repaying home loan by online option. In the current manual option, we have to go to LIC office and submit cheque for repayment. Sometimes we may skip repayment of extra EMI or extra principal payment just because we have to do it manually. I am having 10 lakhs currently as I skipped paying extra EMIs wih the surplus amount I have. This is a very incovenient option in this 2024 era. We have to stand in line and the counter is open somewhere at 1 am - 11 am and closes by 3-4 PM. Please raise this issue. I need all Finfluencers to force LIC or any other home loan companies to enable prinicpal pre-payment through online methos. Thanks. Vikram
People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?
consider investment planning, learning from a well experienced advisor is invaluable
That's right. I am a wife, mother of four and new grandmother, 28 years in Corporate America, retired recently at 57 after discovering the freedom investing could provide, been contributing to my portfolio since the pandemic in early 2020, and have grown a $250,000 savings account to almost 1 million, credits to my investment advisor.
@@mariaguerrero08who is your advisor please, if you don't mind me asking?
"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
The happiest people are people who don't worry about their money too much and look at it more as a companion along the way rather than the objective
Those people have their basic level needs already met and probably have a few assets from your anscestry, they are protected by family in case of any crisis. Then you can be carefree with your money.
I do agree on that... If you're not financially stable and have a stable income to live all the basic need then only you'll started seeing money as a companion... @@t00862
I don’t agree
@@t00862That's true.
Plot twist: they are slogging their ass off in their salaried jobs
Once u have enough money, Mostly people say Money can't buy happiness. But money can relieve u from corporate slavery.
That's true
Well in that case... Vadapavwalas and other shop vendors are HAPPY as despite earning less money ...they atleast aren't Corporate Slaves
Spot on. FIRE can help us avoid the constant threat of downsizing or toxic politics at work
@@varshavora9935grass is always greener, try standing on busy road with pollution for 6 hours straight
@archanakamat2635
What do you mean by relive from corporate slavery like leaving the job
Or having so much money while doing job
I began working at 18, strived and grew my portfolio to 600k by 33. Recently, lost over 30% and want to mitigate risks. Also, planning to buy a home soon and want my portfolio to grow to a 7-figure ball park so i can retire in 9 years. What should I do?
I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.
IMO, Adding JEPI and JEPQ is smart for retirement. As for staying committed to low-risk investments, it's all about balancing your risk tolerance with your long-term goals.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
@blaquopaque I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
*Kristin Amber Landis* is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.
I am so happy that i made a productive decision about my finances that changed my life forever. I am a single mother and i live in Florida, i bought my first house in September and i hope to retire next year at 40 if all goes well. Thanks to Mrs Elizabeth Messer for helping me achieve this.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $1000 and after a week, we received $5900. That really helped us a lot to pay up our bills.
You trade with Elizabeth Messer too? Wow that woman has been a blessing to me and my family.
Please let me know how to contact her as I'm new to this.
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
Good point. Don’t save at the cost of not living life. When you are old the money has less meaning. Save money but don’t forget to live your life
We can say that money is not that important only when we have money.
Absolutely right
yes a certain sum of money
True. And till the time one reaches that stage one either has to worry about money or plan for it.
I guess having the clarity /hope of a path to accumulate wealth is the way to go
Remember you can say that line only once you have made that money 👍🏻
Same like, we lose the value of something when we have too much of it.
Listening more such podcasts is making me more aware of life happiness than financial awareness. These guests do have crores but they have much worthy experience of life which we actually need to get out of false stress that we have housed in and around us.
Not spending enough time is not worth it when you have a ton of money in the bank but no one to cherish it with. Kudos to this sir. Sure money is important but if you reduce the expectations of the corpus it will give more great memories instead of numbers on a bank statement. Living below your means for a period of 20-25 years can easily grant you Financial freedom however the habits will stick with you even in the retire early journey. A balance is required.
The expectation of FIRE by 40 amongst people comes from Hrithik's dialogue from Zindagi na milegi dobara :)
At the end of the day saving and making money is all about
1. Discipline
2. Hard work
3. Investing
4. Living below your means
5. Don't care about what other think and
6. Live through the journey, enjoy it, make memories, have experiences
This is the most practical interview on stock, investing etc it suits a lot to general audience.
As best as it can be. It’s a joy listening to Deepak’s view. Very lucid and practical.
Deepak is a pleasure to hear…
Fantastic interview & wisdom from Deepak shenoy..keep it coming 👏
So this guy spends 90% of his last 20 years of his wakeful life thinking about money, writing books about money, managing money and he continues to live the same life and he has the best suggestion he could give to humanity : “ don’t think much about money “ .. sorry I am the idiot here .
That is what makes him the best person to tell it to you.
Those 20 years is what is called personal learning which he is trying to share here
Do the same and you might say the same in about 20 years. Kindly stay in touch 🙏
That is fake means
😂😂😂 well said
Deepak Shenoy is so cool. Love listening to him.
This is a very good interview I saw today and his points are absolutely on point .
It's refreshing to see Deepak challenging conventional financial wisdom and emphasizing the importance of finding happiness beyond monetary goals. Understanding the deeper meaning behind our financial decisions can lead to a more fulfilling journey towards financial independence. 💰
Felt it was cut short. Conversations with Deepak go non stop till hours. Very plasant personality. Thanks for the interview ❤
Mr deepak very cool👍 really enjoyed. Pls bring him again
A single income or relying on government support should not be every employee's dream or mindset, but having an investment plan by purchasing good stocks as income support and retirement is the best option one could take in life. economy of the country (America), which is unfortunately about to crash. According to the statistics of so many intermediaries and observations, the government does not pay attention to its economy and its citizens, but is investing in wars (Ukraine and Israel).
Awesome. Crisp and meaningful questions asked
Should interview somebody who has paucity of money. We may come across a difference perspective altogether
I am using Tiago ev mid range for 6 months done 25000 km, daily 140 km
In my experience, it is with every penny I spent
Power, driving comfort really good.
power, torque much better than petrol car.
In my opinion, Tiago ev MR is better option considering price even if punch has come.
If you have solar at home, better.
My cost to drive 3000 km one month is 500 rs, with a 3.5 kw solar plant.
If money should be treated like your companion.
Don’t you worry about your companion if that companion of part of your journey. Companion also gives you happiness and in this case sense of achievement. Knowing that you have money gives you peace of mind about the security of your family.
Guys everyone worries about money at some point and it’s important to worry about it and it’s la lie if some one tells you have the option to not worry about it. If you plan you worry later in life when you don’t have the option to make drastic changes to your life.. It’s gets you organised and disciplined….it gives you a goal and purpose.
Great to hear such clear demarcation of financial sense & emotion 👌
Gyan only when you have a lot of money. The challenges now to learn things faster adapting to newer things in the job. Learn and relearn those things were not so high in earlier years people worry with growing job whether they can have a stable job at a later stage no one wants to truly retire but finding something that you can keep doing still make money at a later age is very tuff. I dont feel anyone started working 30 years back truly knows the problem
Lovely video. Very practical advice.
KUDOS
Very informative. Money midnset kinda video. Thank you for this gentleman
Always loved such conversation by Wiint Wealth.Thank you
Glad you enjoyed it!
Insightful!
BEST ,VERY INFORMATIVE AND HELPFULL
Concepts like FIRE were born out of excel sheet calculations which does not include the emotional aspects of life. Great interview and it sounded very practical.
Great job ❤
First time someone wealthy making sense to me by highlighting that life should be measured with happiness
This man's thought process is inline with my thought about life
Brilliant guy :)
I Totally agree with this man.
motivated views being shared
"The happiest people are people who don't worry about their money too much " Basically he wants clients who are not aware of their financials and dont question when they deliver low returns.
Wow 👏👏
Right just deceiving everyone, ofcourse we should spend on necessary things we need in life, spending lavishly like the way he narrated only a fool will do. Only we ourselves can take accountability of our financial aspects, these people think they have the prerogative to say nonsense because they themselves have made alot of money.
Hi Basant Sir, I realized the main reason why I watch your videos regularly because unlike other fund managers you aren't always painting rosy picture about economy. Jo hai waisa hi bolte hai.. Other managers always praising economy & their companies openly but their Portfolio Returns is TAYE TAYE PHISS..
Grass will always be greener on the other side.
Practise moderation & give equal weightage to health, wealth & experiences
Yes wealth shouldnt be central focus of life but an important priority. Active income plus goodninvesments ans sips thats it.
I know this might sound lame but the person who is editing these videos has levelled up too much man. Like I was watching a wint wealth video from 9 months ago and the amount of echos I could hear was just too much. And now its so crispy.
Kodus to the people editing these videos and the sound guy too !!!
Amazing content as always
Glad you think so!
It was a really great video, no doubt. But one quick callout, multiple is 3-4 at least and not just 2 cars :)
One weak me atleast 2 or 3 video dalo please .........
Your content quality is very good ..........
I dont understand why people are against purchasing house, while renting is atleast 20-30% of your annuap expenses.
It is good to have a dwelling unit while you are working.
After retirement, you just need not to put moeny for rent so your expenses are actually less instead.
I WAS SOO INTO THIS VIDEO I FELT VIDEO ENDED INCOMPLETE
This is so incorrect. Price or land near my house was 4-5lac in 1996, 5000 monthly comes out 60k yearly. So 8x of yearly you can get it. Now he says its comparable to 40k now, that's 4.8L yearly. Same house costs 1Cr now, so more than 20x.
Every new partnership announcement adds to my excitement about Revux!
Clearing out all my Alts, going all-in on BTC and Revux, maybe a little BNB and SOL.
Headline is misleading, i couldn't find where you discuss FIRE.
Retiring early is NOT overrated, but it depends is the real answer.
Especially with a good investment strategy in the booming economic situation, one could easily amass enough wealth to quickly retire and puruse your real interests than holding onto a job desperately for years.
The other reason you want to consider retiring early is that most use only their brains to make money which makes them weak physically spending their wealth to fix the problems caused while chasing money.
Ps: i retired 8 years ago at 48(3 years late)
Hey, that's an interesting perspective. We'd love to have a chat with you to discuss this more. Could you you please drop your email id here or drop us a mail at wintwealth@gmail.com
Looking forward (:
I only invest in presales for the biggest returns; that's why I love Revux. Early entry is the key.
In 2 scenarios FIRE is necessary, first when your job becomes redundant due to any external factors. 2nd when you are very stressed n depressed in work.
Wise Man
The power of saving habit and compounding cannot be undermined…
Yes having experiences which make sense (living in a hotel costing 5k is not one of them) should be spent money on but that is after one has saved a percentage of their income, spent on their needs, and then make a “want” expense like this…
My father salary at that time was 500rs and now we have our own homes and commerical property
Hard work at right place at right time is only thing that makes wealth
Hard work in wrong place will make u stagnant
Excited to witness Revux disrupt the loyalty program industry; huge potential in presale!
Even if you have a 30x corpus of your annual expenses, still it doesn't work..because 30-36% income ax on return on corpus destroys you calculations.
SOOPER DOOPER
People who have a corpus in mind may question your strategies. They have done some homework in their expenses, inflation, time till retirement.
Sensible person!
Capital mInd .. I am investing in Smallcase
The concept of FI itself is very subjective. The RE part of the FIRE is achievable for some who already achieved FI, have a home and say minimal responsibilities or liabilities. Some FIRE achievers claim FIRE but in reality, they left full time jobs and became entrepreneurs or independent professionals or digital media professionals. IMO the people have not retired technically, they just left full-time jobs to go 9n their own path. This is no RE rather about starting up or going independent which is a difficult path and not a smooth path like someone retiring and living on a pension and some passive income.
Wint Wealth saying "what is this about 40 yr age and FIRE" is such an irony. Dude, you single handedly do the soft and hard marketing of FIRE. I really like Shenoy's point about life revolving around kids. I haven't seen a single FIRE aspirant with kids.
FIRE is financial independence when achieved one is retired early automatically because one doesn’t need to work for money, so they can work the same job, other job, or nothing at all.
🎉🎉
In 20s you can't give this type of gyan.
Surely, Anant ambani can give this gyan & people who have huge generational wealth but not other folks like us. We can give this gyan after 45 probably.
Till then just grind, network with people, travel but if you become careless with your money in these 20-25 years. You will ruin your old age worrying about money.
❤
Don't add these random notification sounds in the videos. They are plain annoying.
7:16 He pointed out to Warikoo 😅
Hey guys is it 700 or 7'o''o' ?
The interviewer is doing a great job but editors come in between and spoil the fun. The animations, sounds, fast transitions, frequent camera angle changes are all very distracting and annoying.
👍👍👍
Well explained . FIRE is too hyped . If you are having good life with two meals a day and enjoying your life … it’s the way to go … too much maths and finance makes you mentally poor - may be Fin rich . The last word you are not going to take it away …
Timestamp? Please give
If you are getting good money and also happy at job then why you want to retire.
Revux isn't just a crypto; it's a game-changer for the entire industry! Don't miss out, guys!
Pls make video in hindi also
Living till 90? Who lives till that age in india???
5000/month could have helped save and buy some plots around 1996
Hindsight is always 20/20
Being financially independent is necessary but fire is stupidity
We r salaried guys not owning 1800 cr pms. Wchich gives us 50cr@year......the talk shud betwwen salaried guys
Potential moonshot - forget the rest, Revux is where it's at!
1 st comment
9th comment 😂
i kind of disagree here... if i could even think of staying in 5 star hotel in goa in 2002...i wouldnt even think of saving, i mean why should I if i can afford to stay in a 5 star hotel in 2002
Why he is talking such low return?
Because over a 20 year period that's the average return for a majority of the population.
People who chase returns reach a point of no return
He is talking about blended post tax return of debt and equity (post tax FD might give 5-6% for someone in the 30% tax bracket)
Dekha zamana sara bharm hai, why do people talk and impart life knowledge after being rich
coz that what matters bhai.
A Healthy Body,
A Happy Family,
A Peaceful Mind.
Being Rich is actually a Curse.
3rd
2nd
What a joke, a Capital Management company saying the happiest clients are the ones who don’t care about returns on their capital !
For them it's the best client as expectations is less
House owner will kick at you **** for any reason, then he will understand why he needs a house 😂
God bless those people who have invested money with him..wasted 17 minutes of my life
His point of view is baised.
@WintWealthYT How to invest in Arbitrage fund ??
love from Pakistan :)