why Indians always fail to Retire
(Tax- Talking about long-term market investing for those people who start at a young age | I know that tax benefits are there for govt. schemes & bank products :)
Hey friends!
In this video, I'm going to talk about How you can retire early and the mistakes Indians make while planning for their retirements.
Did you know that majority of Indians do not plan for their retirement and have almost no clue about Inflation?
Avoid these money mistakes in retirement planning.
Aren't we all bombarded with the FIRE Movement, Hustle Culture, Early Retirement Motivation videos & so on?
We pay so much Tax in India that we get almost negligible value in return and this needs to change for good.
A study was conducted by Nielsen-PGIM India and it showed that many people believed that just 50 Lakh Rupees are sufficient for retirement and some absurd cases even showed 11.57 Lakh Rupees as an amount for retirement.
How to retire by 25? or How to retire by 30? or How to retire by 40? Well, no one knows except your Investment Planner or, well, your brain :)
Investing in index funds like NIFTY-50 Index-based funds in India will reap you 12% - 15% interest per year easily.
Have you ever dreamt of becoming a Millionaire on a low salary or income? Well, I have & I hope I become one!
Yesterday, I watched The BEST INVESTMENT portfolio for YOUR AGE! | Investing for Beginners | Ankur Warikoo Hindi a video by Ankur Warikoo, and even Want to RETIRE before 30? WATCH THIS!, and thought why not release my video of retirement now? Maybe it'd help some kid :)
I've created this channel after getting inspired by creators like Graham Stephan, Ankur Warikoo, Andrei Jikh, Meet Kevin, Nate O'Brien, Lana Blakely & a lot more! Thank you to each one of you for getting me interested in financial literacy.
Yup :)
If you liked this video, do consider subscribing here: / @dhruvbudhiraja
⏳Timestamps:
00:00 Introduction
00:55 The Problem
02:00 Predicting the Future
03:43 The Root Cause
06:30 Barriers to Retirement Planning
07:16 The Solution
09:20 Opinion / Thoughts
10:10 Ending Note
📸My Gear:
Phone (Samsung Galaxy S20 FE 5G)- https://amzn.to/3ggwALC
Camera (Phone: Samsung Galaxy S20 FE 5G)- https://amzn.to/3ggwALC
Earbuds (Oneplus Buds Z & Z2)- https://amzn.to/3ofgTJ5
Keyboard+Mouse (Logitech MK240)- https://amzn.to/3KYR5ux
Laptop (Acer Predator Helios 300)- https://amzn.to/3rlQ33R
Tablet (iPad 8th Generation)- https://amzn.to/34tTZqr
Pencil for iPad (Kingone Upgraded)- https://amzn.to/3L7619O
⌨Meta:
yt:cc=on
Video Language: Hindi
Subtitles in: English
🎶 Music: Epidemic Sound
📺Title:
Why 62.8325% of Indians will RETIRE Poor
Why 62.8325% of Indians will RETIRE Poor | (Avoid these Big Money Mistakes in Retirement Planning)
Why 62.8325% of Indians are about to RETIRE Poor
Thank You
Dhruv Budhiraja