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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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.
Very few people have an income of 16 lpa at the age of 28
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.
But why retire early? Try to work on your own terms. Have balance
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.
Rahul ka Debt Allocation kidhr h ??
Mtlb mujhe Bas 3 Crore chaiyee ,
Bas 3 Crore ๐
I Am 34 can I retire at 45
Loved it๐ Thank you so much Team Tickertape ๐ป
Bro tell about taxes also
Do it your self first then come back with proof. Bhag
Pahle market se kamake retirement lo, fir bakwaas karo.
Please post in English
Bhai example to middle class family ka lete 1.2 lac koi middle class nahi kamata
I want to retire at my 30
Who earns 1.2 lacs per month as salary ? Thatโs per annum for majority. Thatโs pretty much for middle man like us. Would be better if you could consider for people who earns 20-30k per month. Thatโs simply not possible to retired after 17 years
Chitiya Hai…assume assume assume..
Realities are totally different than assumption
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.
เคนเคฟเคจเฅเคฆเฅ เคเฅ เคฒเคฟเค เคฌเคนเฅเคค เคฌเคนเฅเคค เคงเคจเฅเคฏเคตเคพเคฆ ๐๐
Please please please… English please
Shekh chilli
Abe chu…. Yaha job ka thikana nahi hai , ye calculation apne paas hi rakh, pura young age calculation main nikal jayega,
What about taking promotions to higher positions with higher perks and salary structure….
U make complex things look simple, great job!
Kya baat hai mamu
Mein Feb 18 2022 mein 28 ka ho jauga
Ek dum sahi time per video dekhi hai
God bless you ๐
Rachana Ranade mam k GROW wali video ki boo q aa rahi hai… ๐คซ
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,,
Not a practical video
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.
Cc
Anshuman please create your own youtube channel.
Amazing take on F.I.R.E. ๐
Cant wait for your next video! ๐ช
Bhai tax nam ki chij bhi hoti hai
๐๐๐
Dear sir, how many people at 28 get 1.2 lacs in India?? Please give examples of 30-45k per month salary. More realistic
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.
Please add Calculation table. Nice ๐๐๐
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
Make vedios in kannada
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 ?
Click on CC for English Subtitles
Where is the link for Index funds ?
Subscribers from all over India…Then why hindi…Not even caption.
Skipping video