Welcoem to posts!!
in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
Join me at Harish Reddy, founder of @Stable_Money as we sit down to discuss Asset Allocation.
Video goes live at 7 PM: https://www.youtube.com/watch?v=PJtZN...
I will be available on Live chat to answer queries or just chit-chat :)
5 - 0
Fees for IIM-A has moved from 1.5 Lakhs to 25 Lakhs in 20 years. Roughly 17 times. If you have a 3 year old now, he will need 4-4.5 Crs for an MBA.
Data like this is often used to scare people.
Yes - inflation exists.
Yes - it can be scary.
But it is often made out to be a bigger problem than it is when it comes to education.
Let me explain.
The fees for institutions like IIM-A grew very rapidly in the 2000s for a very simple reason: they were playing catch-up. Fee for educational institutes were kept under control for a long time. Same is true for IITs and other govt colleges. Some of them have increased it over the years but even today, it remains low for a lot of institutions.
If you look at the last 15 years or so, the inflation in cost of a college degree is pretty much in line with other costs of living. It is the lifestyle inflation which gets to you. Among my peers, I do see a trend of wanting to send the kids abroad for graduation. If not for graduation, definitely for post grad. Also, they want to pay for it.
Over the next 15 years, I do not see the cost of a college degree become 15 times or even 10 times. I do not see the cost of a college degree growing at anything more than 10% over the next 15 years.
If I have to guess, I would probably put the number at 6-7%.
Bottom line: Kid's education should be a matter of concern but not a matter of worry.
PS: Do not copy the image and pass it off your own.
8 - 3
I have been asked by a company to give a 30 minute presentation on FIRE.
What do you think I should cover in it?
8 - 14
What sort of FIRE are you aspiring for?
Video releases at 10 AM tomorrow: https://www.youtube.com/watch?v=ibS-2...
4 - 1
Will be uploading a video on Savings Rate for FIRE shortly.
With these values, how many years do you think would be needed for retirement?
14 - 4
Two friends, Ravi Handa and Ram Shankar, share their FIRE (Financial Independence Retire Early) journeys. Ravi became FI (Financially Independent) in 2022 and is contemplating retirement. Ram plans to do the same in 2025.