@@amitr4385 Guys, I hear this as a podcast on my way to work. The sudden suspense sounds are a pain in the ears in my car. So please if you care change it to something else.
By looking at this interview few things to summarise : 1. He made constant move in his jobs to increase his salary base from 9k to 30k , and then 60k to 1 lac etc.( might be specific skill sets he learnt or had right network) 2. Parked investments under parents, spouse and children, plus HUF to reduce tax liability 3. He further purchased plot instead of taking housing loan and built independent house in early stages of 2013 4. He purchased a flat with maximum full payment to get best bargain and leveraged partial loan for additional tax benefits 5. He invested heavily ~40% of his portfolio into FD / CFD / Debentures with monthly interest payout basically one crore fetching 85-90k INR 6. He mentioned that he follows frugal life with expenses hovering ~50k , so leftover of 40k he is putting back in MF s and other instruments Overall gist is he has property, monthly returns and plus he does side hustle !
You came back again , 2 With a newly created profile to back up your self ? This is the 4 th one let me list out a few : 1. @user-yl5in7wy2i 2. @PavithS-hr3hv 3. @Investguru123 4. @@Lifesgood-gou - that too joined one day ago with only 1 comment . Pls do a better job of damage control Raman.
Bro why you coming with fake id , your previous old fake id and this has many thing in common all same number of likes , created few days ago , same verbal pattern . Raman’ damage control fake ids : 1. @user-y5in7wy2i 2. @PavithS-hr3hy. 3. @lnvestguru123 4. @Lifesgood-gou
point 5, which Bank FD in India gives almost 10.8% return. Public Sec Bank? Post tax, there will be atleast 30% deduction. This earning appears incorrect.
This is the type of a guy I want to see. He is an everyday guy and seems similar to me. Thanks Wint for not getting some arm-chair fin-fluencer/Economist/VC. Also people 55+ are also a big no-no.
Great man... He explained everything frankly and honestly.. So supportive for FIRE beginners ... Greetings to Mr. Raman and Wint ...Great job interviewing him
Raman, I just watched the video, the perseverance, hard work and sacrifice is what personifies and to be what you are today. It’s not easy to make a decision to move away from the comfort of being with your family back in hubli and to travel all the way to Bangalore, where you had no friends and family and to be able to put through everything to achieve what you have accomplished today. Happy to see you grow.
Bullish or bearish, AI stocks will still dominate 2024, even beyond. Why I prefer NVIDIA is that they are better placed to maintain long-term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.
I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or seek advice from certified market strategists.
@@SorensensHiersas I agree. Based on personal experience working with an investment advisor, I currently have $480k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks; you also need to be knowledgeable, persistent and have strong hands to back it up.
@@MercuriosBakers I'm interested in investing through an analyst. It sounds like the most sensible thing to do in the market. Could you please give me a pointer about who you work with?
@@BogumilTanski The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
Hello Team, an observation and a request. the participants are always common in all of your videos, they are always either vice president, or ceo of a company or a founder of a company. Please come down to normal guys who earns 25-30L and how they enhanced their financial life.
@@amitr4385😂 the point is, requesting the channel to interview people from all levels. I still wonder why are u so much interested in the authenticity of my name
Mistry's story until 2020 involved dealing with debt and earning a 1.3 lakh salary after marriage in a metro city. Given these circumstances, it seems highly challenging to save 2.5 crores in six years, generate a passive income of 1 lakh, and also purchase a 50 lakh property with a 10 lakh downpayment.
IT HAPPENS TO WHO ARE FROM EVERY MIDDLE CLASS FAMILY COMING FROM SMALL VILLAGE / TOWNS , A CAREER ORIENTED AND HAVING A DREAM TO GROW WHO REALLY ENHANCED HIS FINANCIAL JOURNEY WELL EXPLAINED. (A good Learning lesson)
One of the insightful session, quite valid point on Insurance. I have faced similar issue on insurance and rather started directly investing on MF to leverage for future
Interesting talk and very realistic & humble journey. He managed to save a huge corpus while managing debt and its a lesson for most of us middle class on how to not panic when stuck in loans and with a single minded focus to close loans 😅 I agree with his outlook to lead a simple life, it does not cost much and also a possibility that he might settle down in Hubli which is a Tier 2 city in KA. Only thing I disagree is having a good health insurance for family. Very impt esp after Covid as medi-care has sky rocketed like every other thing! Kudos to him and Wint wealth for brining a very realistic story and easily achievable target.
Congratulations Raman for explaining your financial journey very well. The numbers are realistic. Many of us start the life with negative bank balance it takes 15/20 years to touch the magical figure of 1cr. Need to be aware, inflation is also chasing us around often. Well done Wynt❤
Finally a good candidate interview. Please ask them more about their careers as well. Regarding their education and skills which they acquired/ they wished to acquire which helped them/ would make it easier for them
If a person is living and working in the top metro cities especially Mumbai, Bangalore, 10cr isn't a lot as it's already the richest cities and then you pick interviews with financially responsible smart people so it all adds up
@@fortuneltd3591 agree . exception are always there , not all people living and working in top metro cities earn in crore . considering expense in richest cities saving 10Cr or 20 Cr is still lot. this one looks like real time experience to me.
The interview is worth of watching with practical application. I too built my corpus of Daily salary of Rs 7 in 1987 to few crores but below 10 crores over a period of time by exploring many options of additional revenue in different area’s particularly identify the talented guys in your circle use his strength for start up some small business and fund him for to grow , there is a win win situation as long as both parties are having fair business dealings,
Hey Raman, good to see your interview, really felt nice to see our friend and advise on such important things, really nice to hear your story on how you went from rags to riches, we all have the same kind of story but it’s you who really made there, proud of you, hope to see more of such interviews 👍👍 16:38
Real Estate debt and others were paid off by 2020. There on he was not in debt. But by that time he had a good chunk of his corpus into real estate . May also have inherited parental property. Lucky and Smart either way!!
Beautiful life lessons learnt.. Work for happiness and peace. You should be grateful if you could get 2 meals a day at peace. Wonderful. And totally agreed with the gentleman's thoughts..
Very nice presentation. Raman Pushkar was also very active in sharing his knowledge. However, Vinay Dubay was not as active and distracted the viewers' focus by swinging his leg and scratching his head.
Not up to the standards of wint wealth . 1. So much missing information. 2. Things don’t not add up . Looks like he inherited parental money from 2020 to 2024 and forgot to mention that or may be the down payment of house was done by parents . 3. Even the expense sheet shown is incorrect. No car insurance, Netflix monthly expenses is 200 , frequency is 12 still yearly expenses are 200 .
Feedback noted, we will definitely keep this in mind. To add on a couple of points you mentioned: - Since 2011-2012 he was saving and investing along with paying off his loans. So when it cam to paying the downpayment he already had some money saved. - The expense sheet shown in the video is not his own, it's just a mock up. Please consider the aspects which he mentions in the video and not the sheet. Hope this clarifies some things.
Jinka lightbulb slow hai unke liye ek message: Yes he had debt until 2020 but he did have other savings while he was holding the debt. Zero pe nahi baitha tha. He bought a couple of houses in some village during this period. So when his debt was paid off, he was already sitting on 1cr ish. Uske baad 4 years mein 1.4 add hua - some of this is his savings (maybe 2 lac monthly) - rest of it is capital growth
It is not a question of light bulb slow. His debt was a miniscule percent of his total assets. He is trying to project as though he went from 35 lakh debt to 2.4 crores which means he paid off the debt, started from zero and went to 2.4 crores. Which is not the case. If he has been investing for 14 years then 2.4 crores is not a big amount and the debt is irrelevant.
@@keyurpatel1982 actually it is a good example of success by investing while carrying debt. I know some people already know everything but for some people it may be new information
Thanks for your efforts Marketfeed, very interesting and useful Video, I like the way you have explained stocks, you are just like my Mentor, her strategies helps beginners to earn in the market without loss.
I have invested in bitcoin myself. I am not really happy with what is happening right now. Just a few weeks ago I lost about $7,000 on a certain transaction. Can you help me or at least give me some advice on what I should do?
U ended it on a good note. Loved it ❤ Two points I do not agree with you on 1> Not having a life and health insurance 2> A corpus of just 3Cr to life the retirement life that too in a metro city. I guess it should be somewhere around 7-10 Cr
Health insurance is a just enabler to make yourself feel safe that you have support mechanisms in case of any chronic diseases. If someone follows a healthy lifestyle from early stages and also has back up created through different instruments should suffice. End of the day even insurance companies going to invest back in the market instruments and if you cumulate the premiums paid for whole life will almost match the investments you could also have made and plus ROI. If you compare the metro cities, still Chennai cost of living is lower and plus he is on Barista FIRE, where he will make money. Most critical point is living with minimalism I suppose once his kids reach certain age, he should be in good books with 2 properties under his kitty.
Truly inspiring and magical journey. One point I could have missed: is the mentioned real estate for consumption only or can it have rental income? Also, Raman mentioned debentures as a source of passive income, but I don't see that component in the net worth split.
11:00 - I am going midway. Have done a medical insurance which is not very expensive(care+) but I have a separate SIP as well running for exactly the scenario the guest mentioned 🙂 Pretty down-to-earth person. I agree with him just because we are in tier-1 city doesn’t mean we need million $$. 3-5cr is good amount for someone having a frugal lifestyle(70-80k monthly expenses today) & a loan-free home
Too many missing information in this interview. How did he earn 2.4 Cr in 4 years. You should be able to save 5 Lakhs per month to do it. How can he get passive income from F.D?
@@WintWealthYT then what about real estate property he bought in 2020 for 60L with his savings (70-80% is still 45L) He said he is debt free only in 2020. I'm surprised he could save 45L on the same year of debt free.
You are jumping on half baked things ,you didn't see he said from 2013 he started saving money and post 2020 he became debt free. His salary was 1.6 Lacs in 2015 what that would be in 2024 after changing 1-2 jobs.
Great insights. I alwasy wonder if 25 times of annual expense is sufficent for very early retirement. What's the fire multiple to target for someone who wishes to retire at 40 assuming 85 life expectancy.
Not flexing But my mother has been doing this since 2012 She made her first crore in 2019 She is a normal homemaker and my whole family had no background My father n mother have had a small shop since 2001 where they're not earning more than 2L for a decade and they did this and now she's self made crorepati My father is too But my mother handled the money front father on shop front I'm so proud of them ❤ Hearing people do that as well which are literate cause my parents are not highly educated
@@lakshmi1994-d4t that is also not straight forward - you said salary for that you need to have a business. You have business, you file ITR3, your wife and kids also file ITR3 if it is professional income and not salary. Kids should be 18+ else their business/professional income is your income.
Please cover normal people who had been or are some Government/ Salaried employees having income like 10 to 20 lac per annum or likewise in past and have achieved financial freedom or have accumulated substantial amount of corpus😊. The people I have been watching in your videos are already rich😅😅
8:33 do simple math he probably had 1cr in fds if he get at least 7-8% interest that's around 60-65k passive income , and another 20-30k from egold and mutual fund maybe , best part of the whole video is here 16:29
I am 50 now and had feeling that I will retire once I have xxx money. Today I feel I would want to work till my last breadth and wouldn’t want to retire ever.
This is a good story on how not to manage Financials. Credit cards, Fixed deposits, savings account. Salary has also been average given the current times. Might have been lucky to get some inheritance. Doesn't look like FIRE story through wise investments or high earnings.
He said a corpus of ₹2.5CR of which 30-40% is in RE. Assuming the original investment value (1L+50L+60L=1.11CR), this is excess of 40%! Assuming (per his own valuation) current market prices (20L+50L+90L=1.6CR), thats close to ~65% of 2.5CR. Just doesn't add up!
@@WintWealthYThe went debt free in 2020 so definitely means he did not have too much money around that time, probably 10-15 lac more in savings so from there to 2 cr even in 4 years. Either he did something in between which was not disclosed or was not legal enough to disclose.
Fill this form to be featured on Wint Wealth: forms.gle/iuUgM7fyGTfUUiVE9
@@WintWealthYT lazy to do own research ?
😊@@amitr4385
@@amitr4385 Guys, I hear this as a podcast on my way to work. The sudden suspense sounds are a pain in the ears in my car. So please if you care change it to something else.
By looking at this interview few things to summarise :
1. He made constant move in his jobs to increase his salary base from 9k to 30k , and then 60k to 1 lac etc.( might be specific skill sets he learnt or had right network)
2. Parked investments under parents, spouse and children, plus HUF to reduce tax liability
3. He further purchased plot instead of taking housing loan and built independent house in early stages of 2013
4. He purchased a flat with maximum full payment to get best bargain and leveraged partial loan for additional tax benefits
5. He invested heavily ~40% of his portfolio into FD / CFD / Debentures with monthly interest payout basically one crore fetching 85-90k INR
6. He mentioned that he follows frugal life with expenses hovering ~50k , so leftover of 40k he is putting back in MF s and other instruments
Overall gist is he has property, monthly returns and plus he does side hustle !
You came back again , 2
With a newly created profile to back up your self ? This is the 4 th one let me list out a few :
1. @user-yl5in7wy2i
2. @PavithS-hr3hv
3. @Investguru123
4. @@Lifesgood-gou - that too joined one day ago with only 1 comment . Pls do a better job of damage control Raman.
Bro why you coming with fake id , your previous old fake id and this has many thing in common all same number of likes , created few days ago , same verbal pattern .
Raman’ damage control fake ids :
1. @user-y5in7wy2i
2. @PavithS-hr3hy.
3. @lnvestguru123
4. @Lifesgood-gou
point 5, which Bank FD in India gives almost 10.8% return. Public Sec Bank? Post tax, there will be atleast 30% deduction. This earning appears incorrect.
I really appreciate the way you summarise.. still I m wondering how he did he manage this funds with the span of 10 years.... Hats-off to him 😊
@@kamalakaryahoo395bro he said he is making fd in his family members account and huf
This is the type of a guy I want to see. He is an everyday guy and seems similar to me.
Thanks Wint for not getting some arm-chair fin-fluencer/Economist/VC. Also people 55+ are also a big no-no.
First almost realistic video of a salaried individual. Thank you Wint.
Great man... He explained everything frankly and honestly.. So supportive for FIRE beginners ... Greetings to Mr. Raman and Wint ...Great job interviewing him
This sounds like my dad. (in a good way, super grateful for the life he gave me and mom)
Raman, I just watched the video, the perseverance, hard work and sacrifice is what personifies and to be what you are today. It’s not easy to make a decision to move away from the comfort of being with your family back in hubli and to travel all the way to Bangalore, where you had no friends and family and to be able to put through everything to achieve what you have accomplished today. Happy to see you grow.
Bullish or bearish, AI stocks will still dominate 2024, even beyond. Why I prefer NVIDIA is that they are better placed to maintain long-term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.
I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or seek advice from certified market strategists.
@@SorensensHiersas I agree. Based on personal experience working with an investment advisor, I currently have $480k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks; you also need to be knowledgeable, persistent and have strong hands to back it up.
@@MercuriosBakers I'm interested in investing through an analyst. It sounds like the most sensible thing to do in the market. Could you please give me a pointer about who you work with?
@@BogumilTanski The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
@@MercuriosBakers I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you.
Hello Team, an observation and a request. the participants are always common in all of your videos, they are always either vice president, or ceo of a company or a founder of a company. Please come down to normal guys who earns 25-30L and how they enhanced their financial life.
Normal guys are 3-5 L not 25-30 L
@@kishorejohn861 ur name can't be real just like ur comment of normal guys earning 25 to 30 lacs
@@amitr4385😂 the point is, requesting the channel to interview people from all levels. I still wonder why are u so much interested in the authenticity of my name
@@kishorejohn8611.8L in hand is around 30LPA only. Don't get fooled by roles like VP. In banks these are very common
I agree with @kishorejohn . Please make videos sharing experience of an average guy
Wow, what an interview....1st time felt someone spoke open in social media ....well done
He can be booked for tax fraud. He has to pay tax if he is investing in other family members account with lower tax rates
@@lakshmi1994-d4twhat lol that’s allowed right
Mistry's story until 2020 involved dealing with debt and earning a 1.3 lakh salary after marriage in a metro city. Given these circumstances, it seems highly challenging to save 2.5 crores in six years, generate a passive income of 1 lakh, and also purchase a 50 lakh property with a 10 lakh downpayment.
IT HAPPENS TO WHO ARE FROM EVERY MIDDLE CLASS FAMILY COMING FROM SMALL VILLAGE / TOWNS , A CAREER ORIENTED AND HAVING A DREAM TO GROW WHO REALLY ENHANCED HIS FINANCIAL JOURNEY WELL EXPLAINED. (A good Learning lesson)
He seems to have learnt a lot throughout all of the situation, Raman definitely is super realistic and a wise person!
Excellent 👌 Honest Story. Reasonable and True. Post something like this 🎉
The best thing I found in the podcast it was no cluttering they directly come on point at the start of podcast.
So beautiful 🤩
One of the insightful session, quite valid point on Insurance. I have faced similar issue on insurance and rather started directly investing on MF to leverage for future
Interesting talk and very realistic & humble journey. He managed to save a huge corpus while managing debt and its a lesson for most of us middle class on how to not panic when stuck in loans and with a single minded focus to close loans 😅 I agree with his outlook to lead a simple life, it does not cost much and also a possibility that he might settle down in Hubli which is a Tier 2 city in KA. Only thing I disagree is having a good health insurance for family. Very impt esp after Covid as medi-care has sky rocketed like every other thing! Kudos to him and Wint wealth for brining a very realistic story and easily achievable target.
really helpful for youngsters... pls post like this....wint wealth really doing great job by exploring like this
Congratulations Raman for explaining your financial journey very well. The numbers are realistic. Many of us start the life with negative bank balance it takes 15/20 years to touch the magical figure of 1cr. Need to be aware, inflation is also chasing us around often. Well done Wynt❤
Great going Raman, having see you from college days this is quite a phenomenal journey ! Best wishes mate .
Glad to see people openly discussing their financial status to educate others.. keep up the good work 😊
Real life, real challenges and real solutions. Thank you for an amazing episode
this is the practical guy , grown from scratch
Loved last 2 minutes..! Valuable insights..!!❤❤
Finally a good candidate interview. Please ask them more about their careers as well. Regarding their education and skills which they acquired/ they wished to acquire which helped them/ would make it easier for them
real time journey many say 10cr and 20 Cr , not sure whether they tell truth or just blabbering , this one is very good and real time experience 👍
If a person is living and working in the top metro cities especially Mumbai, Bangalore, 10cr isn't a lot as it's already the richest cities and then you pick interviews with financially responsible smart people so it all adds up
@@fortuneltd3591 agree . exception are always there , not all people living and working in top metro cities earn in crore . considering expense in richest cities saving 10Cr or 20 Cr is still lot.
this one looks like real time experience to me.
15:56 - 17:28 👍. Nice interview and good luck to Raman .
Awesome bro the ending of this video will make lots of sence... good and practical advice..👌
I was there at Ness Technologies for an year. Very good Company, people with Manners. I still miss that co.
I liked this PC
he is very frank about his starting salary
Many ppl in financial freedom talks starting salary from 10 lacs
But here its very clear
The interview is worth of watching with practical application. I too built my corpus of Daily salary of Rs 7 in 1987 to few crores but below 10 crores over a period of time by exploring many options of additional revenue in different area’s particularly identify the talented guys in your circle use his strength for start up some small business and fund him for to grow , there is a win win situation as long as both parties are having fair business dealings,
Hey Raman, good to see your interview, really felt nice to see our friend and advise on such important things, really nice to hear your story on how you went from rags to riches, we all have the same kind of story but it’s you who really made there, proud of you, hope to see more of such interviews 👍👍 16:38
Awesome Raman👌 Good to see you😊
Excellent advise towards the end!
Good to see your growth Raman 😊
Hey wint wealth, wonderful episode and kudos to this guy for handling loans and emerging out as a millionaire. Can you do a detailed episode on HUF?
Real Estate debt and others were paid off by 2020. There on he was not in debt. But by that time he had a good chunk of his corpus into real estate . May also have inherited parental property. Lucky and Smart either way!!
This FEELS SO REAL 😊😊😊
Great man.last 2 minutes where I impressed…
Beautiful life lessons learnt..
Work for happiness and peace. You should be grateful if you could get 2 meals a day at peace. Wonderful. And totally agreed with the gentleman's thoughts..
Very nice presentation. Raman Pushkar was also very active in sharing his knowledge. However, Vinay Dubay was not as active and distracted the viewers' focus by swinging his leg and scratching his head.
1:56 I attended Sirs session at IIT-M, I can relate his journey and quite valuable inputs 17:01 ❤
What a great journey ❤
Good one..i can clearly see the passion and genuinely he answerd all the questions..
The key point is, even though he is having debt, he was investing well, that become fruitful on the future
Amazing Journey 👏👏 Really liked the podcast 🎉 Genuine Person
Glad you enjoyed it!
Not up to the standards of wint wealth .
1. So much missing information.
2. Things don’t not add up . Looks like he inherited parental money from 2020 to 2024 and forgot to mention that or may be the down payment of house was done by parents .
3. Even the expense sheet shown is incorrect. No car insurance, Netflix monthly expenses is 200 , frequency is 12 still yearly expenses are 200 .
Bro don't forget that insurance crap!
The expense sheet was hypothetical. Not his ig
dude, isnt it getting the gist of his perspective the goal? why do you need to know his balance sheet?
Feedback noted, we will definitely keep this in mind. To add on a couple of points you mentioned:
- Since 2011-2012 he was saving and investing along with paying off his loans. So when it cam to paying the downpayment he already had some money saved.
- The expense sheet shown in the video is not his own, it's just a mock up. Please consider the aspects which he mentions in the video and not the sheet.
Hope this clarifies some things.
Bt until 2018 his earnings was 1.8 LPM. We couldn't relate to the kind of wealth he is having now. 😢
Jinka lightbulb slow hai unke liye ek message:
Yes he had debt until 2020 but he did have other savings while he was holding the debt. Zero pe nahi baitha tha. He bought a couple of houses in some village during this period. So when his debt was paid off, he was already sitting on 1cr ish.
Uske baad 4 years mein 1.4 add hua
- some of this is his savings (maybe 2 lac monthly)
- rest of it is capital growth
It is not a question of light bulb slow. His debt was a miniscule percent of his total assets. He is trying to project as though he went from 35 lakh debt to 2.4 crores which means he paid off the debt, started from zero and went to 2.4 crores. Which is not the case. If he has been investing for 14 years then 2.4 crores is not a big amount and the debt is irrelevant.
@@keyurpatel1982 actually it is a good example of success by investing while carrying debt. I know some people already know everything but for some people it may be new information
Thanks for your efforts Marketfeed, very interesting and useful Video, I like the way you have explained stocks, you are just like my Mentor, her strategies helps beginners to earn in the market without loss.
I have invested in bitcoin myself. I am not really happy with what is happening right now. Just a few weeks ago I lost about $7,000 on a certain transaction. Can you help me or at least give me some advice on what I should do?
Someone like Ms. Natalie Brunell, who understands the market very well and is a pro at closing deals, is essential.
Does it also offer mentoring, conferences and tutorials? How can I contact her please 😢 and on which platform can I find her pleas
She's mostly on Telegrams.
@ExpertNatalie ..that's it .
Good to see. He managed without SIP.
Amazing journey
Great sir helpfull information ❤
Wonderful!!!
Super sir. Thanks
This is now what most of us can relate to.
Amazing advice and interview
Was able to relate to most of what was discussed here ..
Some of this thought process are right especially health insurance. Only Cash saves during health emergency. No insurance can match that.
Again from the IT field but thank god he is like a day to day guy and most of us can relate to him
Goos one. First is health.
This is one of the nice interview, thanks for your advice Raman.
Really final advice is very nice
Realistic content matching many.
Great point - Peaceful 2 or 3 meals per day must be there.
U ended it on a good note. Loved it ❤
Two points I do not agree with you on
1> Not having a life and health insurance
2> A corpus of just 3Cr to life the retirement life that too in a metro city. I guess it should be somewhere around 7-10 Cr
Health insurance is a just enabler to make yourself feel safe that you have support mechanisms in case of any chronic diseases. If someone follows a healthy lifestyle from early stages and also has back up created through different instruments should suffice. End of the day even insurance companies going to invest back in the market instruments and if you cumulate the premiums paid for whole life will almost match the investments you could also have made and plus ROI. If you compare the metro cities, still Chennai cost of living is lower and plus he is on Barista FIRE, where he will make money. Most critical point is living with minimalism I suppose once his kids reach certain age, he should be in good books with 2 properties under his kitty.
Good information Well explained
Nice Interview - Like refreshment
Truly inspiring and magical journey. One point I could have missed: is the mentioned real estate for consumption only or can it have rental income? Also, Raman mentioned debentures as a source of passive income, but I don't see that component in the net worth split.
Great advice at the end inspired...
Amazing...
Nice episode 👍🏻
11:00 - I am going midway. Have done a medical insurance which is not very expensive(care+) but I have a separate SIP as well running for exactly the scenario the guest mentioned 🙂
Pretty down-to-earth person. I agree with him just because we are in tier-1 city doesn’t mean we need million $$. 3-5cr is good amount for someone having a frugal lifestyle(70-80k monthly expenses today) & a loan-free home
70K expense is too much in a non metro buddy
@@millennialmind9507 talking of tier-1 cities here(Mumbai/Bangalore kinds)
Too many missing information in this interview. How did he earn 2.4 Cr in 4 years. You should be able to save 5 Lakhs per month to do it. How can he get passive income from F.D?
He has been investing since 2011-12 alongside paying his EMIs. This has been shown in the split of his expenses. :)
@@WintWealthYT Ahh so he didn't follow the classical advice of clearing out all your loans first, different strokes for different folks I guess
@@WintWealthYT then what about real estate property he bought in 2020 for 60L with his savings (70-80% is still 45L) He said he is debt free only in 2020. I'm surprised he could save 45L on the same year of debt free.
You are jumping on half baked things ,you didn't see he said from 2013 he started saving money and post 2020 he became debt free. His salary was 1.6 Lacs in 2015 what that would be in 2024 after changing 1-2 jobs.
@@diazwelling@WintWealthYT exact same question I want to know
i like the 10:28 !
Nice
A well said statement at last!!
That actual a real journey which take time and investment plan,Wint Wealth also come up with that' 👍👍
Someone i can relate myself to... A common man in his early life
Great insights. I alwasy wonder if 25 times of annual expense is sufficent for very early retirement. What's the fire multiple to target for someone who wishes to retire at 40 assuming 85 life expectancy.
Mujhe 4RA ke features aur events dono hi pasand hain, kabhi bhi boring nahi hota
Not flexing
But my mother has been doing this since 2012
She made her first crore in 2019
She is a normal homemaker and my whole family had no background
My father n mother have had a small shop since 2001 where they're not earning more than 2L for a decade and they did this and now she's self made crorepati
My father is too
But my mother handled the money front father on shop front
I'm so proud of them ❤
Hearing people do that as well which are literate cause my parents are not highly educated
Fantastic
Wonderful guy
Super
Great video
Great video
WHy don't you educate people around clubbing of income? He just said he is booking FD unders his children and wife's name to save taxes!
Yup..the interviewer dint intervened when he told abt this great idea!
Bad one from wint wealth. Standard is going down :(
You can pay salary to your wife and children. Then invest in their account
@@lakshmi1994-d4t that is also not straight forward - you said salary for that you need to have a business. You have business, you file ITR3, your wife and kids also file ITR3 if it is professional income and not salary. Kids should be 18+ else their business/professional income is your income.
Please cover normal people who had been or are some Government/ Salaried employees having income like 10 to 20 lac per annum or likewise in past and have achieved financial freedom or have accumulated substantial amount of corpus😊. The people I have been watching in your videos are already rich😅😅
8:33 do simple math he probably had 1cr in fds if he get at least 7-8% interest that's around 60-65k passive income , and another 20-30k from egold and mutual fund maybe , best part of the whole video is here 16:29
4RA ka interface bhi bohot user-friendly hai, easily sab kuch access hota hai
I am 50 now and had feeling that I will retire once I have xxx money. Today I feel I would want to work till my last breadth and wouldn’t want to retire ever.
4ra events always leave me amazed it’s not just betting it’s an experience that goes beyond
Real Estate debt and others were paid off by 2020. There on he was not in debt. But by that time he had a good chunk of his corpus into real estate .
I would say he allocated 56% in FD
This is a good story on how not to manage Financials. Credit cards, Fixed deposits, savings account. Salary has also been average given the current times. Might have been lucky to get some inheritance. Doesn't look like FIRE story through wise investments or high earnings.
You must have a good salary to create good corpus for your investments.
Nice one
4RA ke events ka level hi alag hai bhai mast time pass hota hai
He said a corpus of ₹2.5CR of which 30-40% is in RE. Assuming the original investment value (1L+50L+60L=1.11CR), this is excess of 40%! Assuming (per his own valuation) current market prices (20L+50L+90L=1.6CR), thats close to ~65% of 2.5CR. Just doesn't add up!
He hasn't included one of the properties in his networth because that is his primary residence
His story doesn't look coherent, so from 2020 to 2024 he made 2.4Cr
exactly all these people are retiring on mutual funds and real estate rents and this guy claims boldly he has "passive income" from FD's 🤣
He has been investing since 2011-12 alongside paying his EMIs. This has been shown in the split of his expenses. Hope this clears it. :)
@@arunsadanandabhat8518 if you can't do it doesn't mean others can't do it 😂 burnol
@@WintWealthYThe went debt free in 2020 so definitely means he did not have too much money around that time, probably 10-15 lac more in savings so from there to 2 cr even in 4 years.
Either he did something in between which was not disclosed or was not legal enough to disclose.
Exactly, Being Debt Free to 2.5 Cr. This story doesn't fits well.