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By looking at this interview few things to summarise : 1. He made constant move in his jobs to increase his salary base from 9k to 30k , and then 60k to 1 lac etc.( might be specific skill sets he learnt or had right network) 2. Parked investments under parents, spouse and children, plus HUF to reduce tax liability 3. He further purchased plot instead of taking housing loan and built independent house in early stages of 2013 4. He purchased a flat with maximum full payment to get best bargain and leveraged partial loan for additional tax benefits 5. He invested heavily ~40% of his portfolio into FD / CFD / Debentures with monthly interest payout basically one crore fetching 85-90k INR 6. He mentioned that he follows frugal life with expenses hovering ~50k , so leftover of 40k he is putting back in MF s and other instruments Overall gist is he has property, monthly returns and plus he does side hustle !

This is the type of a guy I want to see. He is an everyday guy and seems similar to me. Thanks Wint for not getting some arm-chair fin-fluencer/Economist/VC. Also people 55+ are also a big no-no.

First almost realistic video of a salaried individual. Thank you Wint.

Hello Team, an observation and a request. the participants are always common in all of your videos, they are always either vice president, or ceo of a company or a founder of a company. Please come down to normal guys who earns 25-30L and how they enhanced their financial life.

Great man... He explained everything frankly and honestly.. So supportive for FIRE beginners ... Greetings to Mr. Raman and Wint ...Great job interviewing him

Interesting talk and very realistic & humble journey. He managed to save a huge corpus while managing debt and its a lesson for most of us middle class on how to not panic when stuck in loans and with a single minded focus to close loans 😅 I agree with his outlook to lead a simple life, it does not cost much and also a possibility that he might settle down in Hubli which is a Tier 2 city in KA. Only thing I disagree is having a good health insurance for family. Very impt esp after Covid as medi-care has sky rocketed like every other thing! Kudos to him and Wint wealth for brining a very realistic story and easily achievable target.

*Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?*

Hey wint wealth, wonderful episode and kudos to this guy for handling loans and emerging out as a millionaire. Can you do a detailed episode on HUF?

Raman, I just watched the video, the perseverance, hard work and sacrifice is what personifies and to be what you are today. It’s not easy to make a decision to move away from the comfort of being with your family back in hubli and to travel all the way to Bangalore, where you had no friends and family and to be able to put through everything to achieve what you have accomplished today. Happy to see you grow.

One of the insightful session, quite valid point on Insurance. I have faced similar issue on insurance and rather started directly investing on MF to leverage for future

11:00 - I am going midway. Have done a medical insurance which is not very expensive(care+) but I have a separate SIP as well running for exactly the scenario the guest mentioned 🙂 Pretty down-to-earth person. I agree with him just because we are in tier-1 city doesn’t mean we need million $$. 3-5cr is good amount for someone having a frugal lifestyle(70-80k monthly expenses today) & a loan-free home

Real Estate debt and others were paid off by 2020. There on he was not in debt. But by that time he had a good chunk of his corpus into real estate . May also have inherited parental property. Lucky and Smart either way!!

I liked this PC he is very frank about his starting salary Many ppl in financial freedom talks starting salary from 10 lacs But here its very clear

real time journey many say 10cr and 20 Cr , not sure whether they tell truth or just blabbering , this one is very good and real time experience 👍

Great going Raman, having see you from college days this is quite a phenomenal journey ! Best wishes mate .

The key point is, even though he is having debt, he was investing well, that become fruitful on the future

Great man.last 2 minutes where I impressed…

This FEELS SO REAL 😊😊😊

Real life, real challenges and real solutions. Thank you for an amazing episode

Good to see your growth Raman 😊

Someone i can relate myself to... A common man in his early life

Excellent 👌 Honest Story. Reasonable and True. Post something like this 🎉

Some of this thought process are right especially health insurance. Only Cash saves during health emergency. No insurance can match that.

Jinka lightbulb slow hai unke liye ek message: Yes he had debt until 2020 but he did have other savings while he was holding the debt. Zero pe nahi baitha tha. He bought a couple of houses in some village during this period. So when his debt was paid off, he was already sitting on 1cr ish. Uske baad 4 years mein 1.4 add hua - some of this is his savings (maybe 2 lac monthly) - rest of it is capital growth

He seems to have learnt a lot throughout all of the situation, Raman definitely is super realistic and a wise person!

1:56 I attended Sirs session at IIT-M, I can relate his journey and quite valuable inputs 17:01 ❤

Hey Raman, good to see your interview, really felt nice to see our friend and advise on such important things, really nice to hear your story on how you went from rags to riches, we all have the same kind of story but it’s you who really made there, proud of you, hope to see more of such interviews 👍👍 16:38

Beautiful life lessons learnt.. Work for happiness and peace. You should be grateful if you could get 2 meals a day at peace. Wonderful. And totally agreed with the gentleman's thoughts..

U ended it on a good note. Loved it ❤ Two points I do not agree with you on 1> Not having a life and health insurance 2> A corpus of just 3Cr to life the retirement life that too in a metro city. I guess it should be somewhere around 7-10 Cr

Glad to see people openly discussing their financial status to educate others.. keep up the good work 😊

Again from the IT field but thank god he is like a day to day guy and most of us can relate to him

Good one..i can clearly see the passion and genuinely he answerd all the questions..

15:56 - 17:28 👍. Nice interview and good luck to Raman .

Truly inspiring and magical journey. One point I could have missed: is the mentioned real estate for consumption only or can it have rental income? Also, Raman mentioned debentures as a source of passive income, but I don't see that component in the net worth split.

8:33 do simple math he probably had 1cr in fds if he get at least 7-8% interest that's around 60-65k passive income , and another 20-30k from egold and mutual fund maybe , best part of the whole video is here 16:29

Wint Wealth: Make the video short! Under 20 Mins. Editor: Yes!

WHy don't you educate people around clubbing of income? He just said he is booking FD unders his children and wife's name to save taxes!

Not up to the standards of wint wealth . 1. So much missing information. 2. Things don’t not add up . Looks like he inherited parental money from 2020 to 2024 and forgot to mention that or may be the down payment of house was done by parents . 3. Even the expense sheet shown is incorrect. No car insurance, Netflix monthly expenses is 200 , frequency is 12 still yearly expenses are 200 .

i like the 10:28 !

Great sir helpfull information ❤

Really final advice is very nice

Amazing journey

I would say he allocated 56% in FD

Goos one. First is health.

This is now what most of us can relate to.

Good information Well explained

Amazing Journey 👏👏 Really liked the podcast 🎉 Genuine Person

Great insights. I alwasy wonder if 25 times of annual expense is sufficent for very early retirement. What's the fire multiple to target for someone who wishes to retire at 40 assuming 85 life expectancy.

Great point - Peaceful 2 or 3 meals per day must be there.

Nice episode 👍🏻

Mistry's story until 2020 involved dealing with debt and earning a 1.3 lakh salary after marriage in a metro city. Given these circumstances, it seems highly challenging to save 2.5 crores in six years, generate a passive income of 1 lakh, and also purchase a 50 lakh property with a 10 lakh downpayment.

Realistic content matching many.

This is one of the nice interview, thanks for your advice Raman.

Great video

He said a corpus of ₹2.5CR of which 30-40% is in RE. Assuming the original investment value (1L+50L+60L=1.11CR), this is excess of 40%! Assuming (per his own valuation) current market prices (20L+50L+90L=1.6CR), thats close to ~65% of 2.5CR. Just doesn't add up!

Nice

Too many missing information in this interview. How did he earn 2.4 Cr in 4 years. You should be able to save 5 Lakhs per month to do it. How can he get passive income from F.D?

His story doesn't look coherent, so from 2020 to 2024 he made 2.4Cr

wint wealth one suggestion why you travel around tier 2 and tier 3 cities and interview normal people or local buisness or anyone having normal job or normal position in companies check their views about FIRE it. would be interesting obviously if you interview high profile personal it will be easy for them but fascinating will be if a person living and still living in tier 2 and 3 cities and become FIRE

Amazing...

Salary is also chakravyuh only was ignored like a champ 😂

This is a good story on how not to manage Financials. Credit cards, Fixed deposits, savings account. Salary has also been average given the current times. Might have been lucky to get some inheritance. Doesn't look like FIRE story through wise investments or high earnings.

He has that Virat Kohli look and vibe

Wonderful guy

That actual a real journey which take time and investment plan,Wint Wealth also come up with that' 👍👍

Hubli people by default have a nice salt pepper look.

Nice one

Me second....btw wint podcast are good

Truth is all supermarkets in my metropolis sell at much cheaper prices, which my local sabzi mandi cannot match.

There is concept called clubbing of Income in Income Tax ...U cannot reduce tax by make investment in relative name or trf fund to them to make investment in their own name...In case u do it, the Income generated from that transferred Amount / Assets will be clubbed/added in Donor / Transferror Income...Tax planning is not that easy anymore...revisit ur CA friend who has suggest this mechanism

I want to ask one question if you are investing in FD and the returns are taxed so how will you manage this you have so many FD which keep on maturing, is there a way to avoid tax.😃 I know its not there, but like if you sell property and you have to pay tax for selling. but if you but a land/house/build house from that amount then you need not pay tax on that selling amount.. so something like this there for FD's

Every financial freedom people i know, they actually got their salary growth very very high rate, which is like next to impossible sometimes which is very unreal. And its quiet fishy at the same time that all those rely on mutual fund eventually, so its like virtual money, so its always subject to market rates, what if the Market shaters after taking retirement. Think once please

good to get first comment

Missing year stamps... Very vague journey.. Please do improve it

how can he count FD as passive income?? it is sitting in bank unless you cash it out.

The comments on such videos of *WINT* are more interesting though..

Good interview. But 1.6 CR out of his total corpus 2.5 cr is already 64% of his corpus in real estate - But he said 30-40% in real estate ... Somehow things always don't match well in these videos.

whatta guy

The way the interviewer has sat and shaking his leg, his demeanor is very inappropriate for the guest

Isnt taking out money from HuF is pain?

FD made passive income? Then i also make 4 lakh per month passive income

My man jumped from 9k to 1 lac in 5 years Then again he had a plot and 5 years it jumped jn appraisal then again his covid purchase in 5 years. . By this speed by 6o he will be prime minister also.

Something is not correct with data that showing here

Feel bad for peeps who don't have passive income 2x of their expenses.

Opaque interviews mat karo, crowd wants to know and understand the different processes.. Waise, Last ka music mast tha😊 Bhai hum kab jaa payenge wint ki video mein.. 😔🤭 Banate raho👍

One major issue with his accounting for future expenses is that he has not factored in health expenses and emergency expenses (which unsurprisingly will pop up every now and then), given the fact that he does not trust health insurance a lot. Inflation with health industry is much higher than the CPI figures. Also FIRE takes into account a SWR of 3.33 to 4% for a corpus to last for 30 years. I understand that he has made this money with a lot of hard work, and he hence he has a conservative attitude towards money, but a large portion of that in FDs, would rot away his corpus at a much quicker rate than he realises. That being said, good to hear from a person who struggled through these years to reach where he is today.

Editing aise kro ki confuse hi ho jye sab... 😂 Wint wealth pls call someone who is a fat fire. TY!

Looking at comments feels like some of them are not looking at purpose and objective of what the interview was meant for and how they can leverage rather than that they are picking 5 rupees tea, 500 rupees uncles loan, excel spear sheet of Netflix doesn’t add up, etc. These people are picking granular pieces. Either they have not achieved what this guy has achieved or they are too envious on someone’s growth .

Bro how a farm house in 900sqft

How exactly you get monthly passive income through FD ?? Is it like booking an FD for monthly payout ? . To get a 1 lakh of passive income on a FD which is normally 6 to 7 % will require you to put an FD of approx 1.72 cr. And another thing is if you opt for monthly payout then compounding effect will not be there in FD.

whats the obsession with FD though ? why not just MF all the way...

You can't park your salary in HuF.. that's illegal

His passive income doesnt addup as per the bifercation given of his networth of 2.5cr.

He doesn't believe in insurances despite of working in banking sector himself. He has parked aside money in FDs for the health emergencies. Why mix investment and insurance?

Wint guys! Please share Stories these are nice to learn from! But also keep on telling masses what mistakes the person has made in life. Eg he has mentioned that he has done 40% of his corpus in FD which doesn’t make sense also he hasn’t opted for Insurance where he should be opting for health insurance early in his age. This store is a perfect common mistake store. The reason I view wint because I want to leverage the people’s wisdom instead of people’s mistakes.

Extremely poor planning. Why is he generating interest income and paying taxes when he has salary? Should definitely consult a financial planner. Massive tax leakage.

What's his last drawn salary

Sir hindi me video banaye plz,

The interviewer needs to smile a little!