How To Get Financial Independence In Your 40s?
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- čas přidán 16. 04. 2024
- Dr. Pattabiraman, the mind behind freefincal.com, shares his secrets to financial independence in this video. Learn how this IITM professor planned his retirement corpus and why he thinks Retiring Early is not always the answer.
Wint Wealth: www.wintwealth.com/
Socials: / pattufreefincal
Freefincal Website: freefincal.com/
Pattu Sir's Calculator's on SEBI website: investor.sebi.gov.in/calculat... - Zábava
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Imagine 10 years or 15 years ago, such quality information was not as easily available as it is today, we are really thankful to Pattu sir, telling us it is ok to be normal and build wealth in a boring way.
Thank you for your kind words and support! It's great to hear about your success with investing, and I wish you continued success on your journey towards financial freedom. Keep up the good work, and best of luck to you!
It is important for me to maintain my values and principles in everything I do. I believe in honesty and integrity and it is essential to me to uphold these values in all tasks and decisions. Thank you for your understanding.
I appreciate your understanding and support. It is important to me to uphold honesty and integrity in all aspects of my life. Thank you for respecting my principles.
Interviewer has not asked the quality question, more home works needed, Pattu sir has great wisdom
Agreed... would suggest u watch lla's podcast with pattu sir...
@@89partho89 Can't find it on youtube, please share a link or the channel name please!
@@PankajDevarailet us get rich with pattu
Podcast series available in all platforms
Good observation, it was odd that immediately after buying a house expense he kind of compared having a child! May be he’s just starting and hope he can work on quick thinking and questioning with EQ.
his goal is to drive traffic to his website where he sells course
Pattu Sir ❤ - Only Personal finance person I follow! Gem of a Person!
Simple - Humble and Wealthy!
Thank you for your kind words and encouragement! I will definitely keep pushing forward with determination and focus on my investing goals. I appreciate your support and well wishes. Let's work towards our financial success together!
Thank you for the encouragement and support! I will definitely stay disciplined and focused on my goals. I believe that with dedication and hard work, I will achieve success in my financial journey. Your kind words mean a lot to me.
People who are able to retire early are lucky . I have 5 years till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?
consider investment planning, learning from a well experienced advisor is invaluable
That's right. I am a wife, mother of four and new grandmother, 28 years in Corporate America, retired recently at 57 after discovering the freedom investing could provide, been contributing to my portfolio since the pandemic in early 2020, and have grown a $250,000 savings account to almost 1 million, credits to my investment advisor.
@@mariaguerrero08who is your advisor please, if you don't mind me asking?
'Gertrude Margaret Quinto' maintains an online presence. Just make a simple search for her name online.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
The OG Indian personal finance guy! Pattu Sir!!
Let's continue to stay focused on our goals and work diligently towards financial success. With determination and perseverance, we will overcome any challenges that come our way. Thank you for being a source of support and motivation, together we can achieve extraordinary things.
Patto has definitely changed the way for me to analyse personal finance with models instead of advice/recommendation.
All word of his is Gold.. his clarity is pleasure ..
Pattu Sir is the best online person to learn from. The insights that he shares is very deep and backed by a thorough research ! We see very flimsy finfulencers online, Pattabiraman Sir is exactly on the other side of that spectrum. His Blogs are a wealth of knowledge. Fan of this man !!!
Great advice Dr. Pattu, and simplified approach.
Was expecting Dr. Rama Neelamegham madam to be present in this video, usually wint wealth does it that way.
Everyone is telling the newbs what they should do right now
as they enter the market. They need to know what not to do
as well. I made my last market mistakes and this is all Core
Alpha. Time in the market. always beats timing the market.
Keep it real Cep!
Thanks for sharing this here. A lot of beginners Like me
are smashed out there every day. It's a good thing we
have nice people here who want others to become
successful as they are.
What I appreciate about Corina Michelle is her ability to tailor
strategies to individual needs. She recognizes that each
investor has unique gools and risk tolerances, and she adapts
her advice accordingly.
Let's stay committed and motivated on this journey towards financial success. Thank you for your support and encouragement, we can achieve great things together!
This was one of the best episodes man! And the last line made me so comfortable! Its absolutely possible to build wealth in a BORING way. Need not do trading, etc. Just do the normal things & keep your expenses low. Beautiful episode with no fancy stuff. Just real life conversations & lessons on money. Perfect!
If you have to follow one person in your life for financial knowledge, it has to be Pattu Sir. So much clarity. Most important take home - Inaction hurts more than inflation. Start early and invest to the max possible. He didn't mention ULIPs as his biggest mistake. 😊
Today I reached 75 thousand. I'm really
grateful for all the knowledge and
information I've been given during
the last few months. I started with 7k in
January
Chat GPT has been the best open AI from my trading experience. Most human error and increasing the accuracy of trades only from Frederick Frost trading Signals.
The question is how to convert your salary into the investment funnel without double taxation. you pay taxes once it's earned, then buy stocks and get taxed again once you sell.
Want to invest over 300k on the stock market,
how do l achieve this?
If you're not who understands
strategies to invest, just invest through an advisor, making good profits, avoiding taxes
This is probably what I should do. Who do you advise I trade with, please?
I’d be retiring or working less in 8 years, and considering this financial recession, I’m deciding to begin taking up skilled trades. I’m curious to know best how people spilt their pay, how much of it goes into savings, spendings or investments, I earn about $140k per year but nothing to show for it yet.
You should contribute to your retirement diligently, or better still look into financial planning don’t come to CZcams for advise, consult a financial firm about your situation
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28, fast forward time…. I’m 65 now, got laid off March 2020 amidst lockdown, a blessing in disguise. At once I consulted an advisory firm to match me with a planner to stay afloat and with subsequent investments, I’m only 15% short of $1m as of today.
As we witness the current economic landscape, it's becoming increasingly clear that we're entering a recession. These times can pose significant financial challenges.
This is huge, would love to grow my reserve regardless of the economy situation, my 401k has lost accrued since early 2019, at this point, I’m in need of guidance
you can Google the firm for yourself
I came to know him first time from LLA. That time I have been been following him in CZcams and articles.
As an Indian immigrant in the US, I consider most of what you said to be true. I put in 20k into various assets late last year and flipped into six figures within a few months and still going. I’ve always been an advocate of investing because it has been rather rewarding. I hope to attain financial freedom soon. One more thing, keep up the good work brother.
You can’t overlook the fact that it’s paramount not to get greedy but to remain invested through careful study, if not you can lose it all.
I have some money saved from day job. I have no idea where or how to invest. How are you doing it, brother?
It’s not rocket science. As I said previously, I got into stocks, index funds and REITs, myself but wasn't getting the results I wanted the first couple of months. Got tired of losing and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments.
While it may sound enticing, it is important to understand that stocks, like a fine wine or a Monet, has no standardized value. You look all good on the outside, while you wait till almost death to enjoy your wealth which presents an enormous economic(uncertainty) risk.
Comparing stocks to alcohol is bonkers don't you think? Over the years, I've been part of numerous investment programs, sifting through a barrage of information. Yet, none comes close to the sheer clarity, depth, and precision of Herman’s instructions and insights. It's akin to finding a diamond in the dirt.
The Guru of Personal Finance - straight to the point!
Thank you for bringing Pattu Sir on this channel. Reading his blogs for years and learned my first personal finance lessons from his blog only. Most practical lessons, his way of handling finance is very relatable for common people like us and he is truly humble and honest. The OG personal finance Guru in true sense.
Pattu's retirement calculators are hosted on BSE website. His analysis of mutual funds is great. Respect!
I am indebted to this genius, Legend called Pattu sir. Following him since 2019 he is a legend when it comes to personal finance. Thanks to Wint Wealth team for bringing him on board.
Thanks a lot for this wonderful video 🤩
This is very little to hear from Pattu sir's ocean of wisdom. We definitely need part 2 !
All my goal planning and investing started because of his blogs.. trust me his blog is a goldmine for diy investing.. A must for all youngsters..
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just "buy the dip". In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
She's Sophia Elaine. One of the finest portfolio managers in the field.
she's mostly on Telegrams, using the verified user name.
Thanks for having the Professor.
He’s right. Only quick way to retire early is to increase your income. Never heard of the guy, will research his work further. Really good vid, wint wealth!
Pattu sir! My finance Guru. Literally I learned basics of investing , FIRE through his videos for past 4 years. I am near my FIRE goal after 4 years of dedicated focus on personal finance.
Where to follow him?
@@meenalpravin freefincal youtube channel
Follow him @ freefincal@@meenalpravin
@@meenalpravin free fincal website/blog
of all "finfluencers" i have seen or read or heard - Pattu sir stands out
He's the OG influencer. Rest are finfluenza, a disease that'll kill many youngsters' financial dreams.😅
Pattu Sir 😊 Finally here. Good job Wint Wealth for bringing his interview here..
Nice guy, very humble. Loved his philosophy
So happy to see my favourite finance guru on my favourite channel 😊
6:30 Totally agreed . I am doing it since 4 years specially coz I started pretty late( mid 30s)
I didn't know he started freefincal, love the blogs
Best comeback episode ❤
*Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject! Thanks to Luna Cox the lady you recommended*
Everyone needs a different stream of income, such as where one can invest some parts of his or her monthly income.
I had no luck in digital assets, I actually invested myself but profits aren't as expected,,,
Not surprised you mentioned her, Luna Cox just so good and her professional strategies are really mind blowing.
Luna was interviewed on CNBC Television. You can use something else, for me the strategy works hence my result. She provides entry and exit points for the securities I focus on.
Is there anywhere I can get across this woman for a startup???
Finally our favorite pattu sir is here ❤
Very informative and invaluable 💎
Thank you so much for this video. Pattu sir is amazing. Simplicity and wisdom at 'VERA' level 😊. I have watched almost all his videos @freefincal. Extremely insightful and very simple to understand. Thank you Pattu sir 🙏.
@WintWealthYT Finally this interview, long overdue.
Wow, he gave really great insight . I liked the fact that he said that focus on income and invest like a machine ..
Superb interview.
He makes total sense and this example works for what majority of the people are in today.
Thank you so much sir for sharing such valuable lessons. Being disciplined investor is the key to attain financial independence.
Pattabhiraman he has very good clarity and the explanation is very simple everyone can understand it.
Very honest interview. Thanks pattu sir.
Good episode. Keep the good work going ! Thanks. ☺️👍👌
Amidst in the world, Wint Wealth is such a precious gem to all viewers🎉 We are gaining many new insights from top notch professionals👍
Very good advice ,thank u Sir.
Last few words are the gem
Good info sir
Inspirational video. Kudos to Professor and the wint wealth channel
Very insightful Session.
Pabi Raman's inspiring journey underscores the critical importance of perseverance and financial literacy in achieving financial independence. His approach of staying invested through market lows to reap benefits during highs is a valuable lesson for anyone aiming to secure their financial future 🌟.
Where was this interview made? The background is awesome!
Insightful
This episode was so much better than the wells fargo guy who wanted to buy a bmw suv at any cost 😂
I love his blogs.
Good pattu sir.
What a crossover, sirji!
Very rightly said: Frugality can't be taught, either you have it or not.
Thank you
One of the most genuine persons on CZcams
Amazing information.
Pattu Sir ❤..
Is absolutely fine to build wealth in boring way... ❤❤❤
Subramoney, freefincal, Asan ideas for wealth are the OG in india personal finance
OG means?
Basant Maheswari ❤
Original Gangster meaning they are pioneers in that field@@tradingtips396
@@tradingtips396 OG means original / Original Greatest of all time
This is an insightful interview. The questions are very relevant and precise. Also Pattu Sir answers in the most simple worded and genuine way.
Patty sir 🙏
I used to follow pattu sir’s CZcams channel..
One of the best episodes so far!
Pattu sir you are awesome
Great to see Mr. Pattu in this episode. But why is the interviewer so scared...
The Guru, teacher I always yearned for....and thanks to Internet I got it.....❤
Amazing insights by Pattu sir!
In 2024,don't set new year financial goals without consulting a financial adviser.there expertise ensure a solid plan for success.Building wealth involves developing good habits like regular putting money away in intervals for solid investments.
Thanks for the advice! I'm new to financial planning and wasn't sure where to start.Any tips on finding a reliable financial adviser or resource to guide beginners?
I agree, based on personal experience working with an investment advisor, I currently have $650k in a well diversified portfolio, that has experienced exponential growth. It is not about having money to invest in stocks,but also you need to be knowledgeable, persistent,and have strong hands to back it up.
How can I participate in this?I sincerely aspire to establish a secure financial future and am eager to participate.who is the driving force behind your success?.
Marie Ann Treloar
She has been my counselor and coach.
Nice learning video
All discussions from the fear point of view🎉
Awesome episode!!
Just one suggestion - Please don't keep changing the background. It is very unpleasant for the eyes. It is difficult to focus.
Real humble man, who is real wealthy person is Pattu sir.
Pattu - A humble person whom I ever seen for the knowledge and exposure he has. I am proud to say that I live in the same city where he is but dint get a chance to meet him. I love his simple way of investing style and explaining the things in language which is clear to evreyone.
Good questions
Everything I know about personal finance I owe it to Pattu and freefincal
But Pattu is not flashy enough for Wint Wealth’s CZcams audience. And he isn’t flashy enough like the usual folks Wint interviews 😅
The OG!!
definitely the convsersation is of great quality....but is no one going to talk about how beautiful the house is? That's like a dream house purely Indian classical style man.
Please make few videos on USA-India desis, those who invested in farms in USA.
I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 58, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
*@disney-hefner* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Insightful... I was curious about her, so I looked her up online. I discovered her website, and I must say that she seems knowledgeable. I sent her an email outlining my goals. I appreciate you sharing.
The stock market and Crypto investment is a way to protect against inflation. Particularly in the midst of a recession, investors must understand where and how to allocate funds to protect against inflation and still make profits.
In my opinion, the impact of the rise or fall of the US dollar on investments is multifaceted, but learning how to grow your money has never been easier than now that you can passively explore and experience a truly diverse market by using an advisor. director portfolio.
Who do you trade with? Could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation, and I'm seeking a more lucrative investment strategy to effectively utilize them.
I trade with expert Linda Sue Baier, he's been my mentor and manager and under his advisory I make good trade income.
Do your homework and choose one that has strategies to help your portfolio grow steadily and steadily. "Linda Sue Baier" is responsible for the success of my portfolio and I believe she has the qualifications and experience to achieve her objectives.
The first step to successful investing is determining your goals and risk tolerance with the help of a financial professional like Linda Sue Baier. She is among the best experts and her qualifications speak highly of her. It is highly recommended that you make her your advisor this 2024 to build your portfolio.
Pattu Saab,
Congratulations 🎉 with Freedom Financial 😊
I have 2 Passive Incomes, I Save passive income Amount and invest in Gold Bullions 😊
I have an Active Income Job for Emergency Funds and for Monthly Expenses 😊
I live a Frugal lifestyle. I believe I need to work another 8 years then Retire 😊
Pattu Sir OG ❤
Revux competitive edge could redefine its market segment.
May be you should release a video every week
Gem of person.. Pattu..
But interview questions are not useful.. lets have one more interview with someone senior taking interview..
Please watch "Let's get rich with Pattu". Superb series.
Thanks mate@@ravirajsudha8228
Early retirement is subjective. I love my work so want to work till I am unable to do so. Investing will be my side kick.
Then you're lucky, this is a blessing. Many people absolutely hate their jobs.
"hi, i am pattu from freefincal" -- my favourite quote❤🎉
FIRE for me is that get financial independence (save corpus per your formula or multiples of expenses) and retire early happens automatically because work for money is optional so one can work at the same job or a different job or anything else including nothing!
F.I.R.E should be financial independence recreationally employed.
@@sarangkulkarni7034😅👍
I watch pattu sir's CZcams channel
Only in IIT, you can call your professor Pattu and go unscathed!!! Don't try outside.
Host interrupted pattu sir flow.. And he was just concerned about prepared questions
The OG❤❤❤
I am an assistant professor of physics and exactly the same thing happened to me. Even before I receive my first salary cheque, my father was diagnosed with multiple myeloma. We didn't have any insurance and I felt exactly what the professor went through.