Our honest advice to someone who wants financial freedom|

Things NO ONE Tells You About Retiring Early and Getting Financially FREE
Our honest advice to someone who wants financial freedom

🎙️ Deep Dive into Financial Independence and Early Retirement (FIRE)

In this enlightening podcast episode, we explore the fascinating and often misunderstood journey towards Financial Independence and Early Retirement (FIRE). Joined by Hemant Pant, who is still on his path to financial freedom, Shubham Sethi, an ex-Amazon professional who has achieved financial freedom with a portfolio of 20 Cr, and Ravi Handa, another financially free individual with a 15 Cr portfolio, we unravel the realities of FIRE.

Key Discussion Points:

-The Journey to Financial Freedom:** Shubham and Ravi share their personal stories, revealing the age at which they achieved financial independence and the portfolio size that got them there. Their insights provide a realistic perspective on what it takes to reach this milestone.

-The Challenges of Being Financially Free: While financial freedom is often seen as the ultimate goal, our guests discuss the lesser-known downsides. From the unexpected cons to the psychological and social impacts, we delve into the full spectrum of what it means to be financially independent.

-Real-Life Experiences and Stories: Shubham and Ravi offer anecdotes from their journeys, shedding light on the emotional and practical aspects of leaving the workforce and transitioning to a financially free lifestyle.

-Deciding Your FIRE Number: How do you determine the amount of money you need to achieve financial independence? Our guests provide actionable advice on calculating your FIRE number and tailoring it to your personal goals.

-Advice for Younger Audiences: For those aged 18-25, we discuss strategies on how to start the FIRE journey early, the importance of investing, and how to make informed decisions that can set the foundation for long-term financial success.

-Life After FIRE: What does life look like after achieving financial independence? From daily routines to spending habits and social interactions, we get a glimpse into the lifestyle changes that come with FIRE. Our guests also address the fears and uncertainties they faced when leaving their jobs and provide valuable advice for those considering this path.

-Risks and Challenges: Financial independence isn’t without its risks. We discuss the major risks associated with the FIRE lifestyle and how to mitigate them to ensure long-term sustainability.

**Final Verdict: Should everyone pursue FIRE? Our guests weigh in with their final thoughts, offering a balanced view on whether the pursuit of financial independence is the right path for everyone.

This episode is packed with practical advice, personal stories, and deep insights into the world of FIRE. Whether you're just beginning your financial journey or are well on your way, this discussion provides valuable perspectives to help you navigate the path to financial freedom. Don't miss out on this comprehensive guide to achieving and living with financial independence!

Timestamps:-

0:00 Intro
0:53 At what age did you get financially free?
1:12 What was the portfolio size at that time?
1:30 Current Portfolio
1:48 Cons of being financially free
6:08 Any Story from the experience
11:21 How to decide the FIRE number
13:53 18-25 How can they FIRE
20:38 When to start investing?
22:44 How much are you spending?
24:10 Was there a fear while leaving the job
28:31 If someone wants to FIRE, What is your advise and what is life after FIRE?
33:51 Social aspect after FIRE if you are an outgoing extrovert person
37:57 A day in the life
43:20 How do you withdraw the money?
45:14 Major risks in this Lifestyle?
49:51 Final Verdict, Should people go towards FIRE?

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Disclaimer: Mr. Shubham and Mr. Hemant is not a SEBI registered investment advisor or research analyst. They are not registered with PFRDA or IRDA either. The content posted on this platform is purely for educational purposes and none of it constitutes investing or trading advice. Viewers should do their own research and diligence before investing or acting on the information presented. Some of the links we have posted in the video, the description, the comments and other related resources or might be affiliate links.

Jai Hind :)

Regards,
Team Financially Free ™