Should You RETIRE Early?

Today we are interviewing, Deepak Shenoy, the Founder & CEO of Capitalmind. He shares some insights on
- Financial Independence & Retire Early (FIRE),
- Is it important to save early in your life?,
- Buying a house vs renting, etc.

[archanakamat]

Once u have enough money, Mostly people say Money can't buy happiness. But money can relieve u from corporate slavery.

[SahilGhanwat-zp]

The happiest people are people who don't worry about their money too much and look at it more as a companion along the way rather than the objective

[morgansofia]

I'm hoping to retire next year at 55. My goal next year is to be more serious and consistent with my investments I've been investing since I was 22. 2025 is going to be more serous for me investing consistently for the long term. starting to save for a house down payment. I want to invest more than $105k, but I'm not sure on how to mitigate risk.

[sanjubaba]

Good point. Don’t save at the cost of not living life. When you are old the money has less meaning. Save money but don’t forget to live your life

[nishitpatel]

Not spending enough time is not worth it when you have a ton of money in the bank but no one to cherish it with. Kudos to this sir. Sure money is important but if you reduce the expectations of the corpus it will give more great memories instead of numbers on a bank statement. Living below your means for a period of 20-25 years can easily grant you Financial freedom however the habits will stick with you even in the retire early journey. A balance is required.

[ShikharNigam]

Listening more such podcasts is making me more aware of life happiness than financial awareness. These guests do have crores but they have much worthy experience of life which we actually need to get out of false stress that we have housed in and around us.

[MededSmith]

At the end of the day saving and making money is all about
1. Discipline
2. Hard work
3. Investing
4. Living below your means
5. Don't care about what other think and
6. Live through the journey, enjoy it, make memories, have experiences

[shivanshmishra]

First time someone wealthy making sense to me by highlighting that life should be measured with happiness

[manojsuri]

We can say that money is not that important only when we have money.

[rohanverma]

I have heard 1000+ finance videos, by far the most sensible interview. Respect for the Sir.

[aggarwal]

The expectation of FIRE by 40 amongst people comes from Hrithik's dialogue from Zindagi na milegi dobara :)

[sanv]

Concepts like FIRE were born out of excel sheet calculations which does not include the emotional aspects of life. Great interview and it sounded very practical.

[pallathgeorge]

If money should be treated like your companion.
Don’t you worry about your companion if that companion of part of your journey. Companion also gives you happiness and in this case sense of achievement. Knowing that you have money gives you peace of mind about the security of your family.

Guys everyone worries about money at some point and it’s important to worry about it and it’s la lie if some one tells you have the option to not worry about it. If you plan you worry later in life when you don’t have the option to make drastic changes to your life.. It’s gets you organised and disciplined….it gives you a goal and purpose.

[praveenjose]

I am using Tiago ev mid range for 6 months done 25000 km, daily 140 km
In my experience, it is with every penny I spent
Power, driving comfort really good.
power, torque much better than petrol car.
In my opinion, Tiago ev MR is better option considering price even if punch has come.
If you have solar at home, better.
My cost to drive 3000 km one month is 500 rs, with a 3.5 kw solar plant.

[abhilash_pb]

This is the most practical interview on stock, investing etc it suits a lot to general audience.

[EcomCarl]

It's refreshing to see Deepak challenging conventional financial wisdom and emphasizing the importance of finding happiness beyond monetary goals. Understanding the deeper meaning behind our financial decisions can lead to a more fulfilling journey towards financial independence. 💰

[baa]

Gyan only when you have a lot of money. The challenges now to learn things faster adapting to newer things in the job. Learn and relearn those things were not so high in earlier years people worry with growing job whether they can have a stable job at a later stage no one wants to truly retire but finding something that you can keep doing still make money at a later age is very tuff. I dont feel anyone started working 30 years back truly knows the problem

[balusubbu]

So this guy spends 90% of his last 20 years of his wakeful life thinking about money, writing books about money, managing money and he continues to live the same life and he has the best suggestion he could give to humanity : “ don’t think much about money “ .. Its like Johnny sins saying eyyy sex mei kuch nahi hei jyada sochna math ! .. sorry I am the idiot here .

[fortuneltd]

Semi retired for life is best! Travel for months, chill for weeks and will be able to work for years❤

[srirams]

Fantastic interview & wisdom from Deepak shenoy..keep it coming 👏