Retire in just 17 years! | FIRE Financial Independence Retire Early | Explained | financial independence

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FIRE stands for Financial Independence Retire. Financial Independence, Retire Early (FIRE) is a movement dedicated to a program of extreme savings and investment that allows proponents to retire far earlier than traditional budgets in this video we try to explain and calculate how you can become a millionaire and retire in just 17 years

00:00 Intro
00:22 What is FIRE?
02:02 How to become Financially Independent?
02:36 Frugal Lifestyle
03:03 Staying out of debt
03:13 Increase income streams
03:34 How much money do we need?
04:48 Years until retirement
06:06 A general example
09:35 Conclusion
09:53 Important Note

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The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is for educational purposes only.

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44 comments

Tickertape 11/09/2021 - 9:21 Chiều

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Reply
mohit sharma 11/09/2021 - 9:21 Chiều

Zindagi ko v Jena hai bahi sara save hi kar de ge to budape mein portfolio ka kya karenge so 30 % saving enough because too many other expenses children's education , dream car , relative's marriage , family tour and home emi etc.

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Tejas Jagtap 11/09/2021 - 9:21 Chiều

Very few people have an income of 16 lpa at the age of 28

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dileep alluri 11/09/2021 - 9:21 Chiều

We are enjoying the compounding in the investment but not considering it in the savings, if we increase the savings by 8% in just 10 years we have to save 1.2 lakh per month which is double the intial savings per month.

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kz123 11/09/2021 - 9:21 Chiều

But why retire early? Try to work on your own terms. Have balance

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Pritesh Khilnani 11/09/2021 - 9:21 Chiều

Is there anyone here who can say is close to achieving FIRE? Spends abroad are limited and provides pensions, healthcare etc, govt here doesn't provide anything.

Reply
Waquar 11/09/2021 - 9:21 Chiều

Rahul ka Debt Allocation kidhr h ??

Reply
Waquar 11/09/2021 - 9:21 Chiều

Mtlb mujhe Bas 3 Crore chaiyee ,

Bas 3 Crore 😀

Reply
baby pankaj 11/09/2021 - 9:21 Chiều

I Am 34 can I retire at 45

Reply
Navneet Chougule 11/09/2021 - 9:21 Chiều

Loved it💕 Thank you so much Team Tickertape 🌻

Reply
Varun 11/09/2021 - 9:21 Chiều

Bro tell about taxes also

Reply
sumon maity 11/09/2021 - 9:21 Chiều

Do it your self first then come back with proof. Bhag

Reply
sumon maity 11/09/2021 - 9:21 Chiều

Pahle market se kamake retirement lo, fir bakwaas karo.

Reply
H M 11/09/2021 - 9:21 Chiều

Please post in English

Reply
cricomania🏏 11/09/2021 - 9:21 Chiều

Bhai example to middle class family ka lete 1.2 lac koi middle class nahi kamata

Reply
Amit Halder1999 11/09/2021 - 9:21 Chiều

I want to retire at my 30

Reply
Marconi Laikhuram 11/09/2021 - 9:21 Chiều

Who earns 1.2 lacs per month as salary ? That’s per annum for majority. That’s pretty much for middle man like us. Would be better if you could consider for people who earns 20-30k per month. That’s simply not possible to retired after 17 years

Reply
Ravinder Singh 11/09/2021 - 9:21 Chiều

Chitiya Hai…assume assume assume..
Realities are totally different than assumption

Reply
Akshay T 11/09/2021 - 9:21 Chiều

You're forgetting income tax, that'll never leave you alone until death. Govt steals when you earn and then again when you retire with no return for the taxpayer. It's the bloody govt that'll never let you retire. Only option is to invest all your money in agriculture assets and then make money tax free.

Reply
Gurnam Singh 11/09/2021 - 9:21 Chiều

हिन्दी के लिए बहुत बहुत धन्यवाद 🙏🙏

Reply
Sachin Sudheer 11/09/2021 - 9:21 Chiều

Please please please… English please

Reply
rajkumar bhatia 11/09/2021 - 9:21 Chiều

Shekh chilli

Reply
snehal solanki 11/09/2021 - 9:21 Chiều

Abe chu…. Yaha job ka thikana nahi hai , ye calculation apne paas hi rakh, pura young age calculation main nikal jayega,

Reply
wicked sunny 11/09/2021 - 9:21 Chiều

What about taking promotions to higher positions with higher perks and salary structure….

Reply
salimshaikh88 11/09/2021 - 9:21 Chiều

U make complex things look simple, great job!

Reply
Jaspal Singh 11/09/2021 - 9:21 Chiều

Kya baat hai mamu
Mein Feb 18 2022 mein 28 ka ho jauga
Ek dum sahi time per video dekhi hai
God bless you 🙏

Reply
Suleman Gora 11/09/2021 - 9:21 Chiều

Rachana Ranade mam k GROW wali video ki boo q aa rahi hai… 🤫

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Krishna Veer Singh 11/09/2021 - 9:21 Chiều

It is not realistically possible for most of the working class. The reason is in India we do not have good labor laws which adjust the inflation. There are people who still live on under $2 per day wages. And majority of population has less than 50k salary per month. The only way is by increasing the number of working people in family to average out the liability, and start small side business (reinvest the profit for 5years at least) and invest smartly in stocks or funds,,before buying home try to buy real estate or commercial shop for recurring monthly earnings.. I am also following this process being middle class, it is too hard to save 50%.. because in India there is no good wage law as per the US… US mein ek salary experience k hisab se Hoti hai and minimum wages keep on Changing ,,plus waha education and medical government deti hai,, plus waha loan saste hai ,,,3-4% home loan rate,, Yaha Sab mehenga HOTA jara hai lekin company salary Nahi badhati us hisab se,, It is better to model the Fire concept in Indian context… Indian kids have to take family responsibilities which in abroad people only live for themselves,,

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Pawan Gupta 11/09/2021 - 9:21 Chiều

Not a practical video

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vamsi shankar 11/09/2021 - 9:21 Chiều

You haven't considered any black swan events in life, children education and misc expenses when you grow. So it would be better multiplying by 50 rather than 30 I guess.

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Abu Thaliff 11/09/2021 - 9:21 Chiều

Cc

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lavesh raut 11/09/2021 - 9:21 Chiều

Anshuman please create your own youtube channel.

Reply
Grow Your Wealth 11/09/2021 - 9:21 Chiều

Amazing take on F.I.R.E. 🙏

Cant wait for your next video! 💪

Reply
AJAJ MULLA 11/09/2021 - 9:21 Chiều

Bhai tax nam ki chij bhi hoti hai

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sudhamedical tips 11/09/2021 - 9:21 Chiều

🙏🙏🙏

Reply
Ravish Goel 11/09/2021 - 9:21 Chiều

Dear sir, how many people at 28 get 1.2 lacs in India?? Please give examples of 30-45k per month salary. More realistic

Reply
Savio Daimei 11/09/2021 - 9:21 Chiều

One suggestion for Tickertape. Only a miniscule percentage of people can afford to save 60k per month. That's the annual income for majority of people in India. To cater to the needs of a wider crowd instead of a privileged niche, lower income levels could be considered to reflect the reality. You could miss out on the majority who earn 30-50k per month and dream of financial independence.

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shamasundar desai 11/09/2021 - 9:21 Chiều

Please add Calculation table. Nice 👍🙏👌

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Chinmay Raichur 11/09/2021 - 9:21 Chiều

Jab young hai tabhi mazze hi nhi kiye…compromise karke jiye …40s mai retire ho gye toh uss waqt woh Mazza thodi kar sakte jo 20s ya 30s mai kar sakte

Reply
Aravind Raj 11/09/2021 - 9:21 Chiều

Make vedios in kannada

Reply
Ashish Wadhawan 11/09/2021 - 9:21 Chiều

Why should not one invest in nifty indexes instead having index fund which also has expense ratio? Any pros and cons for choosing from these 2 ?

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Tickertape 11/09/2021 - 9:21 Chiều

Click on CC for English Subtitles

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Ranadheer Reddy 11/09/2021 - 9:21 Chiều

Where is the link for Index funds ?

Reply
Amazon Prime Video 11/09/2021 - 9:21 Chiều

Subscribers from all over India…Then why hindi…Not even caption.

Skipping video

Reply

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