Go Out of INDIA to get Financially Free | This Guy has Passive income sources | Financially Free
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In this podcast, we delve into the financial realities and experiences of Indians working abroad, particularly in the US. The guest Rahul share his insights on whether moving abroad truly offers significant financial benefits compared to staying in India.
- The difference in savings between India and the US and how living abroad changes your perspective.
- The impact of structured, agenda-driven lifestyles in countries like the US compared to the relatively relaxed environment in India.
- Personal stories of transitioning from life in the US back to India, balancing family, career, and financial independence.
- A deep dive into passive income strategies, real estate investments, and whether taking a loan for a house is the right decision.
- The challenges and rewards of active investing versus SIPs and mutual funds in the Indian market.
- Personal finance tips for anyone in their 20s, covering early investments, understanding market dynamics, and lessons learned from the ups and downs of futures and options trading.
00:00 - Are there really more opportunities to save money abroad?
00:27 - Agenda-driven life abroad vs. India’s social environment
00:55 - Real estate strategies and passive income ideas
01:38 - Impact of having children on financial planning
02:21 - Why did they return to India after living in the US?
02:53 - Salary hikes in the US and comparing savings with India
03:37 - Struggles with social life abroad and sense of community
04:11 - Why didn’t they stay longer in the US?
04:51 - Savings comparison: India vs. US
05:26 - Increasing expenses in India with rising inflation
06:05 - Job salaries before and after 2020
06:47 - US salary and how taxes impact savings
07:29 - Balancing job and savings in the US
08:11 - Feeling financially free vs. needing more security
08:53 - Major financial goals and milestones for the future
09:32 - Future expenses and long-term planning
10:08 - Dreams of taking an epic road trip from India to London
10:41 - Thoughts on buying a house without a loan
11:18 - Lessons learned from taking a home loan
12:03 - Practical lessons for planning investments and loans
13:05 - Impact of rising expenses after kids and schooling
14:17 - Financial pressures in high-end school systems
15:31 - Investing in quality education for children
16:33 - Transitioning between different school environments
17:05 - Understanding the right approach to loans and investments
18:20 - Real-life experiences of paying off loans quickly
19:05 - How financial decisions change after taking on a loan
20:13 - Approaches to active investing and mutual funds
21:39 - How to identify mutual funds that outperform
22:48 - Insights on investing abroad and choosing the right market
24:29 - Reality check: Is it really worth moving abroad?
29:10 - Unique cultural differences and mindset shifts abroad
30:55 - Finding the balance between work-life and success in the US
31:59 - How structured planning improves productivity abroad
32:59 - The benefit of passive income and real estate
33:36 - Balancing active investing with a full-time job
35:52 - 14 years of mutual fund investing with consistent returns
36:52 - Understanding risk and timing in mutual fund investments
39:08 - How enjoying the process leads to better outcomes
39:50 - Balancing jobs and active investing
41:05 - Lessons learned from losses in futures and options trading
43:39 - Why focusing on personal finance education is key
45:17 - Active vs. passive investing: Which one to choose?
46:45 - Understanding sectoral funds and thematic investments
50:45 - Breaking down personal passive income strategies
52:45 - Exploring REITs as an investment option
54:37 - The reality of real estate investments and the risks involved
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💡 **Disclaimer**: We are not SEBI-registered professionals. This video is for informational purposes only. Always consult a financial advisor before making any investment decisions.
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