While naming him his father be like I don't know what Truck I want to buy Should I buy Tata Or Ashok Leyland? Lets name him Tata Ashok .. After his birth only I am in this dilema
good but 30k pm kind of bs, bec rent, grosseries, milk, school fee on avg, non veg, vegetables , fruits, internet bills, ott and all, 30k lo manage chestunnav ante great bro nuvvu xd
The FIRE number was too low, feels like at least 5Cr is required for peace of mind. Also education will be much more expensive in future, more like 50L
Current CTC which is 23.5LPA and take home is 1.68L post tax!! That doesn't look correct as per 2024 or 2025 Income Tax Budget. Perhaps, it's a good reference to start with personal finance.
And here I am a 40 year old making more than twice he does but have half the corpus. Wonder how he manages in 30kpm expense with a 9 year old kid in hyderabad.
Complete lie…..30,000 monthly expenses for entire household is severely understated….The person does not even know his expense….disclaimer…I have seen only first 7 min of podcast. What about children school fee, tuition fees, stationary, uniform, school annual school fund, life insurance, car insurance, health insurance, house insurance, groceries, CAM, electricity, CAE, gifts, house tax, entertainment, eating out, travelling, other F&B, car repair, electronics and 20 other items I have not included till now. Shame that this is bragged as a go to model when expense side is massively understated.
@ashok, 28yo here aspiring to FIRE by 45. u r on track sir…. I know u jave already spent a lot in this 1% club. Forget it dont fall in for sunc cost fallacy.
U absolutely need notchange anything in ur portfolio apart from exposure to debt and gold.
The estimations sharan did are very vague and back of envelope dont go by it.
2nd ly ur fire number will be much much larger 25x multiple is outdated and swr varies for india.
Ur bang on in doubting stability of taxation. Ideally u should run some regression models to arrive at a safe FIRE number.
My suggestion go with a fixed fee advisor may be someone endorsed by pattu in free fin cal. They will be able to give u a more nuanced view.
All the based, really impressed by ur simplicity and humbleness and also inspired by how well u are managing ur expenses.
Kids who are watching this video. Please note that this seems completely shady. DO NOT TRUST THIS. He was having a salary of 6k and investing 10k in SIP. What BS!
Dear Tata Ashok, Please stay away from these guys, you are better on your own. I felt like these guys were just sounding like they knew everything. And one fun thing to know is Keertan is using a MacBook that is almost 10 years old :), Mac stopped the backlit logo in 2015. Good luck in managing more than 2000Cr portfolios … Invest wisely, not based on some stupid suggestions.
I’ve been thinking a lot about achieving financial freedom, but it feels like such a big goal. I want to make smart decisions now to secure my future. How are others working toward this?
35 comments
@ahoktata — Please let us know the PMS company where you are managing investments with … ?
I don't get why he is comparing his 22 percent XIRR with nifty's 5 year CAGR..the comparison doesn't make any sense..
While naming him his father be like I don't know what Truck I want to buy Should I buy Tata Or Ashok Leyland? Lets name him Tata Ashok .. After his birth only I am in this dilema
good but 30k pm kind of bs, bec rent, grosseries, milk, school fee on avg, non veg, vegetables , fruits, internet bills, ott and all, 30k lo manage chestunnav ante great bro nuvvu xd
Why these guys don't have education corpus for primary and high school education?
The FIRE number was too low, feels like at least 5Cr is required for peace of mind. Also education will be much more expensive in future, more like 50L
It's scripted vedio not real as many things I identify is not matching with written figure as he told
Funny, his expenses is only 30k . No electricity bill No school fees, No health insurance, and 30k include all the grocery and house help . Wow
I pity this age where the people who should teach personal finance are being taught by an idiot novice like sharan who doesn't know how to invest.
Current CTC which is 23.5LPA and take home is 1.68L post tax!! That doesn't look correct as per 2024 or 2025 Income Tax Budget.
Perhaps, it's a good reference to start with personal finance.
After seeing his monthly expenses (excluding EMIs) as 30k, I'm like 'kya fook aya h be'
And here I am a 40 year old making more than twice he does but have half the corpus. Wonder how he manages in 30kpm expense with a 9 year old kid in hyderabad.
very humble guy – good job – keep working hard.. real india..
Complete lie…..30,000 monthly expenses for entire household is severely understated….The person does not even know his expense….disclaimer…I have seen only first 7 min of podcast. What about children school fee, tuition fees, stationary, uniform, school annual school fund, life insurance, car insurance, health insurance, house insurance, groceries, CAM, electricity, CAE, gifts, house tax, entertainment, eating out, travelling, other F&B, car repair, electronics and 20 other items I have not included till now. Shame that this is bragged as a go to model when expense side is massively understated.
I dont think it's fuck you kind of money
Sri Chaitanya parayana 😅😅
Please share the excel sheet
@ashok, 28yo here aspiring to FIRE by 45. u r on track sir….
I know u jave already spent a lot in this 1% club. Forget it dont fall in for sunc cost fallacy.
U absolutely need notchange anything in ur portfolio apart from exposure to debt and gold.
The estimations sharan did are very vague and back of envelope dont go by it.
2nd ly ur fire number will be much much larger 25x multiple is outdated and swr varies for india.
Ur bang on in doubting stability of taxation. Ideally u should run some regression models to arrive at a safe FIRE number.
My suggestion go with a fixed fee advisor may be someone endorsed by pattu in free fin cal. They will be able to give u a more nuanced view.
All the based, really impressed by ur simplicity and humbleness and also inspired by how well u are managing ur expenses.
why not sgb till 2031-2032 ?? the additional 2.5 % interest cant be ignored right ? after 2032 , he can put that money into gold bees then ??
All of these people had capital during covid to invest
He doesnt have any expenses seems.. investing more than a lac from 1.68 lac income…strange…
Where can I get this excel sheet?
In 2010 salary was 5k and sip was 10k. How ? I mean how how how ?
Kids who are watching this video. Please note that this seems completely shady. DO NOT TRUST THIS. He was having a salary of 6k and investing 10k in SIP. What BS!
Mr Ashok didn't mention the expense on children and school fees, which cost at least 1.5 lakh per child per year.
Pls share the advisory fees for the same
What about medical expenses?
Initial impression after few mins of the video : Is bro married ?
bro is using decades ago macbook
Totally he is not married
ye log bat kar kar k video se kitna paisa kma lete hai
Dear Tata Ashok, Please stay away from these guys, you are better on your own. I felt like these guys were just sounding like they knew everything.
And one fun thing to know is Keertan is using a MacBook that is almost 10 years old :), Mac stopped the backlit logo in 2015. Good luck in managing more than 2000Cr portfolios …
Invest wisely, not based on some stupid suggestions.
I’ve been thinking a lot about achieving financial freedom, but it feels like such a big goal. I want to make smart decisions now to secure my future. How are others working toward this?
Can you share the excel file used?
1% Feku 420