This 1 Strategy Made Me Financially Free
INDmoney
313,182 views
Personal finance, SIP investing and financial planning in India take centre stage in this episode of The Net Worth Show, we sit down with Parimal Ade, Founder of Invest Yadnya, one of India's earliest personal finance YouTube channels. He shares his journey from a secure corporate career at Kotak Mahindra Bank, through living the 2008 financial crisis in his very first year of work, to starting his own financial planning practice from scratch in 2010. He also opens up about tracking his personal financial freedom number early in his career, why he eventually stopped chasing that number altogether, and his data-backed take on why most retail traders in India end up losing money.
This conversation is a practical guide for anyone looking to understand personal finance in India, mutual fund investing, SIP investing, financial planning, financial independence, FIRE in India and long-term wealth creation.
⏰ Time Stamps
00:00 - Intro
01:08 - Why Financial Planning?
03:37 - What Did You Do With Your First Salary?
05:27 - What’s Your Current Net Worth?
07:17 - How Has Investor Behaviour Changed?
11:48 - How Can 25–30-Year-Olds Build Wealth?
14:19 - Is FIRE Really Practical?
17:47 - India vs International Stocks?
21:28 - Which Indian Sectors Look Promising?
24:13 - How Much Salary Should Go Into SIPs?
27:15 - How to Choose Between Large, Mid & Small Caps?
30:29 - What Money Mistakes Should 50+ Avoid?
32:20 - Your One Financial Advice for Everyone?
💡What you will learn:
• How Parimal built his own financial planning practice after starting his career at Kotak Mahindra Bank
• How he tracked his personal financial freedom number early on, and why he eventually stopped chasing it
• The right emergency fund, life insurance and medical insurance to have in place before you start investing
• The 30-50-20 rule for saving, spending and short-term goals, and why the savings percentage should never be compromised
• How to allocate your mutual fund portfolio based on your investment horizon, from 0-3 years to 10+ years
• Why FIRE achievement rates are far lower in reality than social media makes it look, and why it isn't possible without mutual funds
• Which Indian sectors, including banking, defence and capital markets, deserve investor attention right now
• How much of your portfolio should go into global investing, and the right way to approach it
• Why financial planning works best without taking chances, especially as you approach your 50s
📌If you are looking to build long-term wealth, achieve financial independence, understand mutual fund investing, SIP investment strategy or asset allocation by investment horizon, this conversation is packed with practical insights. This episode will be especially useful for salaried professionals, beginner investors, mutual fund investors, SIP investors and anyone planning for retirement or financial freedom in India.
Subscribe to The Net Worth Show for more conversations with India's top investors, founders, business leaders, fund managers and wealth creators.
#PersonalFinance #MutualFunds #FinancialFreedom
20 Comments
When they look back in their 40s, they realize that they have unknowingly built a good financial corpus through years of consistent effort.
My dear friends, focus on building skills, creating value, and solving problems. Do something that genuinely adds value to your customers, clients, organization, or society.
Money is often a by-product of the value you create. Focus on becoming valuable, and financial freedom will follow.
But the average loss per person has actually INCREASED
This 1 Strategy Made Me Financially Free
INDmoney
313,182 views
Personal finance, SIP investing and financial planning in India take centre stage in this episode of The Net Worth Show, we sit down with Parimal Ade, Founder of Invest Yadnya, one of India's earliest personal finance YouTube channels. He shares his journey from a secure corporate career at Kotak Mahindra Bank, through living the 2008 financial crisis in his very first year of work, to starting his own financial planning practice from scratch in 2010. He also opens up about tracking his personal financial freedom number early in his career, why he eventually stopped chasing that number altogether, and his data-backed take on why most retail traders in India end up losing money.
This conversation is a practical guide for anyone looking to understand personal finance in India, mutual fund investing, SIP investing, financial planning, financial independence, FIRE in India and long-term wealth creation.
⏰ Time Stamps
00:00 - Intro
01:08 - Why Financial Planning?
03:37 - What Did You Do With Your First Salary?
05:27 - What’s Your Current Net Worth?
07:17 - How Has Investor Behaviour Changed?
11:48 - How Can 25–30-Year-Olds Build Wealth?
14:19 - Is FIRE Really Practical?
17:47 - India vs International Stocks?
21:28 - Which Indian Sectors Look Promising?
24:13 - How Much Salary Should Go Into SIPs?
27:15 - How to Choose Between Large, Mid & Small Caps?
30:29 - What Money Mistakes Should 50+ Avoid?
32:20 - Your One Financial Advice for Everyone?
💡What you will learn:
• How Parimal built his own financial planning practice after starting his career at Kotak Mahindra Bank
• How he tracked his personal financial freedom number early on, and why he eventually stopped chasing it
• The right emergency fund, life insurance and medical insurance to have in place before you start investing
• The 30-50-20 rule for saving, spending and short-term goals, and why the savings percentage should never be compromised
• How to allocate your mutual fund portfolio based on your investment horizon, from 0-3 years to 10+ years
• Why FIRE achievement rates are far lower in reality than social media makes it look, and why it isn't possible without mutual funds
• Which Indian sectors, including banking, defence and capital markets, deserve investor attention right now
• How much of your portfolio should go into global investing, and the right way to approach it
• Why financial planning works best without taking chances, especially as you approach your 50s
📌If you are looking to build long-term wealth, achieve financial independence, understand mutual fund investing, SIP investment strategy or asset allocation by investment horizon, this conversation is packed with practical insights. This episode will be especially useful for salaried professionals, beginner investors, mutual fund investors, SIP investors and anyone planning for retirement or financial freedom in India.
Subscribe to The Net Worth Show for more conversations with India's top investors, founders, business leaders, fund managers and wealth creators.
#PersonalFinance #MutualFunds #FinancialFreedom