How much money is REALLY enough?
Your monthly expenses X 350
So if your current monthly expenses is 1 Lakh per month and if you have 1 Lakh * 350 = 3.50 Crores, you have enough money provided you maintain your spending to 1 Lakh per year.
The premise here is that 3.50 crores even at 4% rate can generate 14 lacs a year which should be sufficient for your expenses.
But irony is that most of us don't even get closer to our financial freedom:
Because:
(1) Inflation pushes our expenses up
(2) Peer pressure pushes our expenses up
(3) iPhone Orange pushes our expenses up
(4) Our own living style gets a raise before income raise
And this 3.50 crores number keeps going up, up and up
Simple Mantra that Dhirendra Kumar Ji discussed today in this podcast was:
(1) You earn every month
(2) You spend every month
(3) You invest every month
This discipline is 10x more powerful than any other finance rule we need to learn.
In this podcast, we unpack:
(1) Dhirendra Ji’s favourite mutual funds
(2) SIPs Vs Lump Sum debate
(3) Good ways to invest in Gold
(4) Lessons from last 35+ years of investing
And much more.
Instead of watching podcasts that boast about generating 30%, 50% or even 100% returns, watch this one where Dhirendra Kumar brings his 35+ years of investing experience in just under 48 Minutes.
Link:
https://youtu.be/YA2P_Cg8JHo
If you want to get financial insights from a SEBI registered Research Analyst, you can follow me.
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Is India really the next big growth story?
From the future of Nifty & Sensex to whether SIPs still work in volatile markets, investors today face more questions than answers.
In this exclusive conversation with Nimesh Shah (MD & CEO of ICICI Prudential AMC),
we decode:
(1) The future of Nifty & Sensex
(2) How to compare & find best mutual funds
(3) A long-term investing strategy for wealth creation
Nimesh Shah also shared his BIGGEST investing Mistake where he lost almost 100%.
Everything is explained with strategic insight and practical expertise for long-term investors.
A must-watch for every Indian investor who wants to build wealth not just for today but for the next decade and beyond.
https://youtu.be/lEFZg4KL0L4?si=R8bpe...
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Rahul Jain is registered with SEBI as Individual Research Analyst vide Registration number INH000023287.
Email: collabs.rahuljain@gmail.com
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22 March 2009