Journey to 1 Crore is easy only when you achieve the first 10 lacs mark. Once 10 lacs achieved then we have many option and good sizeable amount to make the amount big. But we need to invest wisely and keep patience during the journey. Please don't get carried away by these huge salary earning people. If you are from a lower middle class family and earning 25K to 50K first target 10 lacs as your landmark, this landmark will help to not fail unnecessary dreaming 1 crore. All the Best!
At 6cr now and now it's about building first 10cr and then it will be first 100cr..the list goes on endlessly till you die. Control your wants over your needs and then maybe you will be happy with whatever you have now
Is these logics of mutual funds as I m listening all of them is it really possible. To create that much money in mutual funds in 20-25 years or its just a myth.?
What you are missing to discuss are major expenses that come every few years like re painting, small maintenence of houses, medical expenses once every 10 years at least, child's graduation expenses, higher education experience expenses, all such expenses taken together cannot be managed in 50-30-20 rule for sure in given times no matter how much you control your spending/needs. And for that matter no one so far across the financial advisories has been able to clearly account for such expenses leaving marriage or other functions that you have to spend upon even if very minimum!
It can be done, I enjoyed a lot in my 20s, so now i started investing late at 35 when i became a dad, so basically i lived very simple/frugal/minimilaistic, luckly i have a supportive wife financially and on understanding helping to achieve this goal. Now from nothing i am almost reaching my 1st Cr in 8 years, start with a excel tracking all your investments and build up from there, lifestyle makes a huge difference, like i avoided painting for 10 years 😅 & also ways to reduce tax legally
@@eddscall Brother, in same age as you. Late to investing. Single breadwinner with not so much high salary. Yet to make my wife understand as she is new to this. Do you have a template excel you use?
@@nirvan7253 the whole point of the Excel was in the event of my death, my family will have access to everything i own, but 5 years with it i made so many updates modifications, you have to live a very minimalist & frugal life, wife also needs to work as that will help immensely, keep recurring deposits for things like school fees and lic , try to be efficient in tax tax saving, and if you have nothing much you must be agressive in equity investing especially mid cap space and continue investing in it during the tops and downs, and never touch it or withdraw during down markets out of fear and look at 5 year plus horizon, never break compounding , start Excel with all your bank accounts, credit card, think from perspective of someone who needs to access / view of your portfolio when your gone. Assets and liabilities
I am happy to share my failures as a direct investor - Lakshmi Vilas Bank. I held it till the exchanges metaphorically tore up my "share certificates". Also Reliance Capital. Also Future Consumer. But I am not telling you about my successes that gave me an XIRR of 14% over 10 years since I began investing. As simple as that. 🤷🏾😂
India taxes like America but provides services like Uganda this is making citizens insecure. India wants to push middle class below poverty line by giving subsidies to existing BPL
Only very critical illness incurs medical expense of more than 5 lakhs and chances of having that critical illness is less than 5%. While it's unfortunate for the 5% who suffers from it but building a corpus just to address that less than 5% risk is stretching too much. Have a health insurance and keep focusing on wealth creation and leave the rest to almighty.
Journey to 1 Crore is easy only when you achieve the first 10 lacs mark. Once 10 lacs achieved then we have many option and good sizeable amount to make the amount big. But we need to invest wisely and keep patience during the journey. Please don't get carried away by these huge salary earning people. If you are from a lower middle class family and earning 25K to 50K first target 10 lacs as your landmark, this landmark will help to not fail unnecessary dreaming 1 crore. All the Best!
Actually reality of life is ,when you reach 10 lakh to 25 lakhs portfolio,then your target become 100cr😂, dealing with this issue since long
Noooooooooo oly one crrrrrrrrrrrrrrttttt
this 1 lakh starting salary post internship talk going around internet now a days is absolute rubbish and beyond reality
Yaa, but coming few yrs, this 1 lakh will loose its charm. Obviously because of inflation.
EXACTLY. For example a person from a top-tier B school may get this kind of salary ... not majority of people
At 6cr now and now it's about building first 10cr and then it will be first 100cr..the list goes on endlessly till you die. Control your wants over your needs and then maybe you will be happy with whatever you have now
Right approach is to have 50 times annual expense.If ur expense is 5L, then 2.5 cr is enough to claim that one is wealthy.
Thanks to ndtv profit and Alex for creating valuable contents like this, big fan
19:57 “or husband “
👏🏻👏🏻👏🏻
Thankyou for the presentation both.
Enjoy ur kawa every day. That's life. Nice session 💐🙏
Excellent conversation
Like your shows Mr Matthew.
Superb just very informative and motivating
Excellent analysis
Wonderful conversation. Thank you both.
Always enjoy your show and the way you talk Alex. Love you ❤
Very good advice ❤
Most useful
Good One ❤
Nice video, Thanks
I would like to have my portfolio evaluated. How can I go about it ?
Is these logics of mutual funds as I m listening all of them is it really possible. To create that much money in mutual funds in 20-25 years or its just a myth.?
What you are missing to discuss are major expenses that come every few years like re painting, small maintenence of houses, medical expenses once every 10 years at least, child's graduation expenses, higher education experience expenses, all such expenses taken together cannot be managed in 50-30-20 rule for sure in given times no matter how much you control your spending/needs. And for that matter no one so far across the financial advisories has been able to clearly account for such expenses leaving marriage or other functions that you have to spend upon even if very minimum!
It can be done, I enjoyed a lot in my 20s, so now i started investing late at 35 when i became a dad, so basically i lived very simple/frugal/minimilaistic, luckly i have a supportive wife financially and on understanding helping to achieve this goal. Now from nothing i am almost reaching my 1st Cr in 8 years, start with a excel tracking all your investments and build up from there, lifestyle makes a huge difference, like i avoided painting for 10 years 😅 & also ways to reduce tax legally
@@eddscall Brother, in same age as you. Late to investing. Single breadwinner with not so much high salary. Yet to make my wife understand as she is new to this. Do you have a template excel you use?
@@nirvan7253 the whole point of the Excel was in the event of my death, my family will have access to everything i own, but 5 years with it i made so many updates modifications, you have to live a very minimalist & frugal life, wife also needs to work as that will help immensely, keep recurring deposits for things like school fees and lic , try to be efficient in tax tax saving, and if you have nothing much you must be agressive in equity investing especially mid cap space and continue investing in it during the tops and downs, and never touch it or withdraw during down markets out of fear and look at 5 year plus horizon, never break compounding , start Excel with all your bank accounts, credit card, think from perspective of someone who needs to access / view of your portfolio when your gone. Assets and liabilities
Alex is not asking hard questions. What is the future of stcg and ltcg? What if the ltcg increases by 20-30 percent?
Already increased. Today its 20% ltcg. Tomorrow definately 30%. No doubt in that.
@@Jaibajrangbali1709ltcg is 12.5% but might hit 30% by end of this decade
It will be 30% soon
It will be same as slab rate soon un 2025 in direct tax code
@@Gauravkr0071Does that mean people who do not come under any tax slab (below 2 lpa) will not have to pay LTCG at all?
I am happy to share my failures as a direct investor - Lakshmi Vilas Bank. I held it till the exchanges metaphorically tore up my "share certificates". Also Reliance Capital. Also Future Consumer.
But I am not telling you about my successes that gave me an XIRR of 14% over 10 years since I began investing. As simple as that. 🤷🏾😂
@13.35, she got the calculation wrong. At 12% rate of return you double your money in 6 years and NOT in 8 years. Its rule of 72.
India taxes like America but provides services like Uganda this is making citizens insecure. India wants to push middle class below poverty line by giving subsidies to existing BPL
1 crore is too small considering medical inflation
True. Doctors are becoming greedy day by day. They are not doing social service anymore.
For medical emergency, any amount is less.So go for medical insurance.
Only very critical illness incurs medical expense of more than 5 lakhs and chances of having that critical illness is less than 5%.
While it's unfortunate for the 5% who suffers from it but building a corpus just to address that less than 5% risk is stretching too much.
Have a health insurance and keep focusing on wealth creation and leave the rest to almighty.
@@soumyachaudhuri6136 doctors should not charge money for treatment. They are here to serve
At 41 you have just make your first crore. HOW CAN YOU RETIRE AT 41?
Salary starting with 1 lakh is not my video to watch.
These guys are living far from reality. Internship starting salary 1Lakh?!
Whats the point of making 1 crore, if the inflation keeps growing. 1 crore ka matar paneer khayenge
It will take forever to build 1 cr by this method
At 12%, u need only 6 years to double, not 8. Rule of 72
Starting with 1 lakh post two months of internship? Get a grip, lady!
NDTV profit, get someone whose a little more in touch with reality pls!
Everyone earns 1 lakh minimum in India. Even a 12 pass. Look at Modiji. A chaiwala still earns so much. Adani is his friend
Middleclass people are encouraged to save so that people like mallya can run away with that money
1 lakh per month, most of these people don't live in our world.... Nonsense
1 lakh per month at best at 23? Wtf
Starting off with 1 lakh salary …. 😂😂😂😂
1cr after internship, both are living lala land
Useless talk as usual.
Konsi app use kre for investing..
Upstox or grow
Mutual funds n for stocks...
Koi bhi karo, app se phark nahi padta. Paise kaha lagane hain pata hona chahie
😂😂😂😂anchor bada khush lag raha hai lolz kaha invest kiya hai bata de..........
🤣🤣liquid money ke naam pe india mein corporates scam kar denge..........