Can He Become Financially Independent With ₹3 Lakhs Expenses?

Рет қаралды 375,533

Күн бұрын

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--
Subscribe:
The 1% Club:
KZfaq : / @onepercentclub12
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Linkedin: / mycompany
Sharan Hegde:
Instagram: / financewithsharan
LinkedIn: / sharanhegde95
Twitter: / financewsharan
Abhishek Singh:
Instagram: / uncoverwithabhishek
LinkedIn: / abhishek-singh-68a8a617
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Listen to us on Spotify:
podcasters.spotify.com/pod/sh...
--
Welcome to the first episode of The 1% Unfiltered - where we answer unfiltered finance questions of your life.
In today’s episode we have Mr. Abhishek Singh of One Insurance - with 21 years of experience in insurance industry and a personal finance expert as well.
Watch the full video and let me know your thoughts in the comment section below.
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Timestamp:
[0:00] : Highlight
[0:45] : Introduction
[1:15] : What is the right amount needed for retirement?
[10:18] : What happens to Term Insurance if I start smoking?
[15:28] : How much money will I need if I want to retire by 40?
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Sharan Hegde is a personal finance expert who has been featured in Forbes, Economic Times, Mint, Times of India and many more. He is the Founder of The 1% Club, India's biggest finance community which helps people achieve financial independence.
#financewithsharan #finance #sharanhegde

Пікірлер: 433

@ratnagirimanikandan3720 2 ай бұрын

The 5 lakh per month guy is the one who asks on quora if "earning 60-70lpa is less in Bangalore???" 😏😏😏🤣🤣

@beyondsaqi9134 Ай бұрын

Bro 😅i remember 🤣

@ratnagirimanikandan3720 Ай бұрын

@@beyondsaqi9134 😂😂🤣🤣

@Joe-zj7ux Ай бұрын

Yess initially when they heard he wanted to retire soon without having kids they were laughing.. later they were like mf why you even here😂

@ratnagirimanikandan3720 Ай бұрын

@@Joe-zj7ux Frrrrr!!!💯😂

@noorjahaanbegum6411 Ай бұрын

😂😂😂

@MiquelMorterero Ай бұрын

I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270,000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.

@JuanCarlos_J Ай бұрын

It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.

@JuanCarlos_J Ай бұрын

@_LauraRowley Rebecca Charlotte Craig is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@sagekaleke Ай бұрын

Rebecca is a fraud and this thread is a manufactured conversation with malicious intent.

@AMZ119 14 күн бұрын

Fake

@CameronFussner 2 ай бұрын

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $189k now to put in the market.

@LucasBenjamin-hv7sk 2 ай бұрын

Although stocks are now rather volatile, you should be okay if you perform the proper calculations. There have been stories of people making over $70,000 in a matter of weeks or months, according to Bloomberg and other finance media, so if you know where to look, I believe there are many wealth transfers during this recession.

@hasede-lg9hj 2 ай бұрын

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that’s the most effective way to enter the business at the moment.

@hasede-lg9hj 2 ай бұрын

I won't pretend to know everything, though. Her name is Sharon Ann Meny but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.

@fadhshf 2 ай бұрын

Thanks for clearing that up, I curiously searched for Amber Angelyn O'malley on the internet and thankfully, I came across her my goal is to retire in 5years time.

@khushbuAgrawal22 Ай бұрын

Please make some series for people where normal people can save some money and plan their future.This series is like playing with emotions of people who are watching this in order to learn some financial management.

@mydreams8092 2 ай бұрын

Shallow analysis. Financial analysis is much complez. Kids education, House cost, Kids marriage, This will affect your savings at a certain age. Unless one saves 2 to 3 times of monthly expenses, it is difficult to achieve early retirement

@anujthapa2346 Ай бұрын

Right cus you def know more than a proper financial analyst right. Who also happens to have a MBA degree

@yashdhand Ай бұрын

Poor want to retire and rich want to work till 80 !

@manditbanthia7057 Ай бұрын

Facxxx❤❤

@aceaem08 21 күн бұрын

It is known as “enjoy the work, not the money”

@be-notifiedtop3143 15 күн бұрын

Poor are the ones who actually work whereas the rich make them work and enjoy their fruits. Rich people work is to make poor work for them.

@LimitlessGamers 15 күн бұрын

@@be-notifiedtop3143 that's an excuse try doing a business a business person works 24 hours stay with someone closer to you in business you will know 😂😂

@aditiseshadri6560 2 ай бұрын

Useful information Sharan. Please make this a weekly occurrence 🎉

@ManishKumar-bu5ly 2 ай бұрын

Awesome Sharan. I am seeing you as a top financial mentors of India. We need people like you to make India a Developed country.

@Ilayarajfan Ай бұрын

God save you. Hope you become rich atleast in your next life 😂😂😂

@krisvin7761 9 күн бұрын

lol if you need him to make financial decisions good luck

@shreyajaini2439 2 ай бұрын

Very informative Sharan! Thank you so much for this video. Continue doing your great work. Kudos to you and your team 🎉🙌🏻

@AnuBlossom 2 ай бұрын

Just found your channel. It's great! 👌🏽

@NeevAgrawal 2 ай бұрын

Fantastic, that's what we needed,

@nikhilkhandagale819 2 ай бұрын

Super Session Abhishek sir 🔥👏💯

@ashwinchakravarthy4384 2 ай бұрын

Love this! This was fun! 🔥❤️

@nainashrivastava5908 2 ай бұрын

Finally someone did it, thanks Sharan. Hoping to watch more of these examples!!

@kartiknighania8588 2 ай бұрын

Please make it as authentic and helpful as Dave Ramsey. We were listening to him even though we didnt care about his roth IRA, 401k, student debt kind of explainations which weren't related to us.. may this also be seen outside India pretty soon. All the best ❤

@lostsoul4317 13 күн бұрын

5 lakhs a year on school fees? The kid better become a rocket scientist 😂

@karanranaofficial 2 ай бұрын

Love these live real-life cases. Keep'em coming...

@justbe3708 Ай бұрын

Wow your English is good. Even i am working in Singapore, talking English in office since there is no my native speakers. But i cant talk like you. You are very professional in English and calculations. Thanks for your great service

@NatiaMaisuradze-ey5iq 2 ай бұрын

I've noticed how patterns in financial markets tend to repeat themselves over time. Artur Grandi's book offers valuable insights into keeping investments steady and explores potential investment opportunities, including the crypto market.

@Lynnadamspearson 2 ай бұрын

*Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..*

@Kellyalbertsons 2 ай бұрын

Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

@Lynnadamspearson 2 ай бұрын

Thanks to my co-worker (Alex) who suggested Ms Chloe Linda Henderson.

@LukeRyann 2 ай бұрын

She's a licensed broker in the states 🇺🇸

@LukeRyann 2 ай бұрын

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

@davisethan561 2 ай бұрын

Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.

@ayushpradhan8839 2 ай бұрын

Getting the Dave Ramsey Vibes

@hanil-johndesouza8549 2 ай бұрын

I literally came to the comments to find this! Dave Ramsey with hair

@financewithsharan 2 ай бұрын

I’m honoured

@tayalmanan28 2 ай бұрын

So True😂

@hardmorabia9654 2 ай бұрын

Pay off your debt now!

@ayushpradhan8839 2 ай бұрын

@@hardmorabia9654 😂😂😂😂

@soumyadip1000 2 ай бұрын

Good Initiative

@reen1802 2 ай бұрын

Eagerly looking forward to more episodes. Also, how do we post our queries to the show?

@Financedude-6003 2 ай бұрын

Thanks

@Cricketvilla31 2 ай бұрын

Great content Sharan... Expecting more content like these....

@moneymitraofficial 2 ай бұрын

Really eye opener sharan. I love the kind of reality people should know.

@DeepakGhule 2 ай бұрын

Dave Ramsey from Mesho 😅 (PS. love this content, please make more of these videos as these are more relevant to India and our culture)

@siddhantsawarkar7590 2 ай бұрын

Hey sharan great work, Appreciated. ☺️ If possible make up a video on explaining how to calculate all this numbers including coast fire. That would be really helpful. Keep posting.😇

@yeetyeet1027 2 ай бұрын

More of this please

@utkarsh9197 2 ай бұрын

Love this of content . May u release some more videos on this topic ❤

@vigneshraj3360 2 ай бұрын

10:10 he has rightly mentioned, maximum possible cover. No matter how many policies I take for how much coverage i subscribe to in each policy, at the time of settlement, i will only receive the maximum possible coverage proportionately from all the policies consolidated right?

@vishaldubey1228 2 ай бұрын

Please tell something for the people who have savings of around 3-4 lakhs till today and earns around 2 lakhs per month combined 😂😂 1 cr itself is a high number.😅

@kinggenji4249 Ай бұрын

No hack just keep working till you die

@anirbanchattoraj6870 Ай бұрын

Looks like the story of many households with both the couple working in their 30s. Responsibilities and loans are the reasons they can’t get ahead.

@vishaldubey1228 Ай бұрын

@@anirbanchattoraj6870 true but for me the case is bit different… I don’t pay emi till now but still not able to plan for a house in bangalore or pune looking at the cost.

@RIZWANShaikh-hn1eu Ай бұрын

Kon investment kar k profit mila batau

@Midhun0906 2 ай бұрын

Good info. Only thing is Tiago's analysis should have been a bit deeper. His income won't stay the same y-o-y His expenses increase with marriage/ kids of he plans to have Both key factors were not considered. But I love this show for the amazing way I can connect to my personal goals and plan ahead.

@ANTICARB 2 ай бұрын

Even this guy with out any financial math earns upto 3l per month and here I am stuck at 40k per month.

@AnshAgrawalag09 Ай бұрын

Bro if you’re 40k right now, don’t do financial planning lol. You need to invest in yourself right now, learn more, travel more, explore more so that you’re able to become capable enough to actually start planning your finances. Ye 5-10k bachake koi bhala nahi hoga

@lakshnaramesh9733 2 ай бұрын

"The Ramsay Show Highlights" Exactly the similar talks

@anudeepchowdary1961 2 ай бұрын

We want more such type of videos

@jagadeeshdhavala1357 2 ай бұрын

Brother made very useful video, and touched point is disclosed or Not, health insurance will not be covered, with this people can save some bugs by hiding it. Loved It, Keep Help Us.. 😊

@iamAK47 2 ай бұрын

This is a great series..getting David Ramsey vibes 😂 It Would be helpfull if you could show the calculations in an excel as people tell you the details..so that others can follow!

@cherylhills3227 2 ай бұрын

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.

@RobertDamanii 2 ай бұрын

Indeed, Recessions have a way of affecting people's financial stability and investment portfolios in profound ways.

@RoseBalerus 2 ай бұрын

Speaking of financial stability, l've had the privilege of working closely with Eric Paul Elmer, a highly experienced financial advisor. His expertise has been pivotal in helping me navigate the complexities of economic downturns.

@JasonAmir-qo4uo 2 ай бұрын

That's intriguing, l've been on the lookout for a financial advisor who can provide sound guidance during these uncertain times. Could you elaborate on how Eric Paul Elmer has assisted you?

@RoseBalerus 2 ай бұрын

Certainly, Eric Paul Elmer provided me with tailored financial strategies that not only protected my investments but also helped optimize them during periods of economic turbulence. His insights were truly invaluable.

@RoseBalerus 2 ай бұрын

Do a Google search and you will get his details and more information on the protocols

@vishwanath-ts 2 ай бұрын

03:01 Even Sharan got surprised when he said 3 lakhs is the expenses excluding loans🤣🤣🤣🤣🤣🤣

@financewithsharan 2 ай бұрын

😅

@gamezy4674 2 ай бұрын

They must be throwing home party in the weekend inviting friends which easily contributes to atleast additional 25k expense and also must have enrolled into expensive clubs in which you need to keep paying maintenance fees.. Also must be buying expensive gadgets and branded bags and stuff.. But surprising is they don't even have kids yet . Once they have the kid I don't know how much the expenses is going to shoot up

@vishwanath-ts 2 ай бұрын

@@gamezy4674 Truly reckless spendings.

@amitpaul7940 Ай бұрын

Need more episodes like this. Very interesting.

@samarthsrivastava2416 2 ай бұрын

this is what we needed!

@financewithsharan 2 ай бұрын

More to come

@abhishekpolicepatil2829 2 ай бұрын

Very informative and instructional video 👍

@arnavsharma65 2 ай бұрын

Please more of these type of videos and also make a video on how we can calculate our own fire number like you did for the people in the video . 😃👍

@abhinavravichandran1292 2 ай бұрын

Sharan sir how to invest carefully in equity and debt fund indexation

@extremeesports9552 2 ай бұрын

He is just using an inflation adjusted step up sip calculator and a fire calculator

@RoxanaNegreanu Ай бұрын

I don’t live in India, but I found this video really interesting. Even though the advice can’t help me too much, I found this video enjoyable. It was easy to understand the voices even with the accents, which is very good. Even though I am not very familiar with India, the Indian economy, and the Indian currency. I was able to grasp the idea of these things. Overall I really liked the video and am going to try to watch some more soon. P.S Make sure to continue this series as it is very informative and interesting!😊

@lalitabidika7248 2 ай бұрын

Liked this new way of making podcasts ! 🙂

@vishnuteja9823 2 ай бұрын

Trust me sharan this unfiltered conversation series is an “Extraordinary Initiative” ❤

@abhishekfarande9672 2 ай бұрын

It's not an initiative , it's copied , initiative must be unique

@vishnuteja9823 2 ай бұрын

@@abhishekfarande9672 from where

@niteshbagla 2 ай бұрын

If smoking related issue are not covered under insurance then why we pay more premium for disclosing it

@reeeyan5926 2 ай бұрын

A=P(1+r/n)^t is the solution for every question

@Prakhart4 2 ай бұрын

That was fun

@aakashsiddharthb.h.4800 2 ай бұрын

Where can I get the calculater which u r using

@shamsulhoda8195 2 ай бұрын

With first caller,that vested ESOP worth 2cr currently should have been discussed in a bit detail. Like- strike price,gross profit,taxes and then net cash in hand. Would have given a clearer picture then.

@dhruvbatra2478 2 ай бұрын

Pretty fun to watch. Kudos to both of you.

@financewithsharan 2 ай бұрын

Thank you so much 😊

@TechTiNic 2 ай бұрын

Retiring early should not be a goal , being financially independent should be the goal

@seshkanade2979 2 ай бұрын

Nice to se dave ramsey show of Indian version!! Great initiative sharan🙌

@snerz13 2 ай бұрын

where can i get yhe coast fire calculator? @sharan

@Bullsandbearbulletin 22 күн бұрын

Good info on insuring covered..!

@liteshgarg8490 2 ай бұрын

Great sir need more episodes ❤

@muhazahmed5836 2 ай бұрын

Me watching his counting with 2k bank balance 🙂👍

@nikhilraj1390 2 ай бұрын

Awesome want more such videos for sure

@focusreflect8223 19 күн бұрын

It was really an awesome video, where I got to learn a lot about finance. ❤❤

@MayankSinghania 8 күн бұрын

You should also assume a increase of 10% in the income yearly and hence a 10% increased savings while calculating.

@vaniv187 2 ай бұрын

Hi Sharan.. Thank you for the insightful information always. I learned a lot as a homemaker. Though I used to work initially now it is a huge gap... So I take care of my home finance😊 I wanted to have clarity on a few things: 1. How are the Short term, Medium and Long term goals bifurcated? ( No. of years) 2. What are the safe instruments for investment with regard to inflation apart from FDs and PPF ? 3. How much can I estimate for my kids marriage expenses adjusted to inflation in 7-10 years span. 4. For retirement fund its not only the household expenses adjusted to inflation there maybe health issues which may go over the coverage u have today ( medical inflation ) how can we anticipate and add that also to the retirement fund. Or should we keep that separately?

@Poonamkewlani 2 ай бұрын

Where we should post our questions?

@thevishalln 2 ай бұрын

Sarath has never achieved financially independence himself. He was making videos for a living. He runs a company now. He shouldn't preach this.

@The_Black_Sarcasm 2 ай бұрын

what if someone never smoked but got lung or oral cancer will it be covered in insurance?(talking about passive smoking)

@cricspeech7403 2 ай бұрын

Please provide subtitles to this long video.

@kkoolpatz 2 ай бұрын

Few suggestions for the hosts: 1. 12% per year for life are not easily achievable. If you think the inflation is 7% it’s hard to make 12% per year in the long term. 2. If you celebrate the fact that car loan will be over and increase the total amount of money available to be saved, are you assuming he will never buy another car in his life? 3. It wasn’t clear to me why the coat fire age needs to be reached 10 years before retirement?

@LimitlessGamers 15 күн бұрын

People saying 4lakh expenses meanwhile with 20000 salary chilling😢

@AvinashPatil94 2 ай бұрын

You should start a show like Dave Ramsey.

@Abx_Dkl 2 ай бұрын

exactly it shows how messy retirement discussions can be .. so confusing ...

@mithileshpt6496 2 ай бұрын

it was fun😂

@FunkadelicFeed 2 ай бұрын

The skip50 coupon code is not working for the personal finance masterclass. :/

@Mr_mrs_hodophile 2 ай бұрын

Shran when you suggested Tiago that he’ll save up around 60k per month But you forgot he has a daughter and her education cost will add up, now how do you suggest ??

@mohitnegi724 2 ай бұрын

Great show.

@shabina_wani3778 Ай бұрын

Damn! People are making so much money in India.

@raghavendrasuru6545 2 ай бұрын

need more such videos please 😃

@financewithsharan 2 ай бұрын

Yesss more to come

@raghavendrasuru6545 2 ай бұрын

@@financewithsharan Gracious ❤

@faisalhussain9770 2 ай бұрын

I loved it I might need your help man

@manditbanthia7057 Ай бұрын

Nothing will happen watching these until you get there

@jainewar9692 17 күн бұрын

Thanks Sharan, super helpful! Can you share the math/excel model used to calculate retirement fund/coast fire fund etc?

@AravindaRao Ай бұрын

If I change my address after taking the policy from a small rown to metropolitan city, my premium amount has increased in the yealth insurance. But you are saying that we don't need to inform, is it not going yo be a problem later?

@vaibhav-365 2 ай бұрын

Not sure about him but by doing this, you surely can.

@tanmaysamal8590 2 ай бұрын

Dave Ramsey style show. Nice

@deekshasingh4551 2 ай бұрын

More sessions like this for age group 25-30 adults pls

@vsharmishtha16 2 ай бұрын

I received some amount from my parents..i want to invest but i dont trust the mutual fund madness going on. Where do i invest?

@aukash 2 ай бұрын

These days many people have started to travel and maybe this person is keeping a budget every month for a possible trip whether domestic or abroad and that ambitious goal may have made him say he needed 3 lakhs per month.

@raghuakkaladevi3379 Ай бұрын

hi sharan im quite interested in knowing the basic economics. write know i am in to a government job. I want to have the basic and advance knowledge about this stuff. suggest me where to start to ace the subject briefly.