From Paying EMIs to ₹ 90,000 Passive Income

Raman's journey has been filled with ups and downs, from his challenging childhood to his career in banking. He was in a debt trap for years but eventually found his way to financial success. Today, he has achieved a passive income of Rs. 90,000 and is very close to reaching his FIRE (Financial Independence, Retire Early) target.

[Lifesgood-gu]

By looking at this interview few things to summarise :
1. He made constant move in his jobs to increase his salary base from 9k to 30k, and then 60k to 1 lac etc.( might be specific skill sets he learnt or had right network)
2. Parked investments under parents, spouse and children, plus HUF to reduce tax liability
3. He further purchased plot instead of taking housing loan and built independent house in early stages of 2013
4. He purchased a flat with maximum full payment to get best bargain and leveraged partial loan for additional tax benefits
5. He invested heavily ~40% of his portfolio into FD / CFD / Debentures with monthly interest payout basically one crore fetching 85-90k INR
6. He mentioned that he follows frugal life with expenses hovering ~50k, so leftover of 40k he is putting back in MF s and other instruments

Overall gist is he has property, monthly returns and plus he does side hustle !

[kishorejohn]

Hello Team, an observation and a request. the participants are always common in all of your videos, they are always either vice president, or ceo of a company or a founder of a company. Please come down to normal guys who earns 25-30L and how they enhanced their financial life.

[Bhuv-]

This is the type of a guy I want to see. He is an everyday guy and seems similar to me.

Thanks Wint for not getting some arm-chair fin-fluencer/Economist/VC. Also people 55+ are also a big no-no.

[hims_world]

First almost realistic video of a salaried individual. Thank you Wint.

[sebastiantm]

Great man... He explained everything frankly and honestly.. So supportive for FIRE beginners ... Greetings to Mr. Raman and Wint ...Great job interviewing him

[manucdas]

IT HAPPENS TO WHO ARE FROM EVERY MIDDLE CLASS FAMILY COMING FROM SMALL VILLAGE / TOWNS, A CAREER ORIENTED AND HAVING A DREAM TO GROW WHO REALLY ENHANCED HIS FINANCIAL JOURNEY WELL EXPLAINED. (A good Learning lesson)

[GuruRaghavendragowda]

Raman, I just watched the video, the perseverance, hard work and sacrifice is what personifies and to be what you are today. It’s not easy to make a decision to move away from the comfort of being with your family back in hubli and to travel all the way to Bangalore, where you had no friends and family and to be able to put through everything to achieve what you have accomplished today. Happy to see you grow.

[duraipandi]

real time journey many say 10cr and 20 Cr, not sure whether they tell truth or just blabbering, this one is very good and real time experience 👍

[nageshh]

I liked this PC
he is very frank about his starting salary
Many ppl in financial freedom talks starting salary from 10 lacs
But here its very clear

[shilpamurthy]

Interesting talk and very realistic & humble journey. He managed to save a huge corpus while managing debt and its a lesson for most of us middle class on how to not panic when stuck in loans and with a single minded focus to close loans 😅 I agree with his outlook to lead a simple life, it does not cost much and also a possibility that he might settle down in Hubli which is a Tier 2 city in KA. Only thing I disagree is having a good health insurance for family. Very impt esp after Covid as medi-care has sky rocketed like every other thing! Kudos to him and Wint wealth for brining a very realistic story and easily achievable target.

[Nectar-wb]

One of the insightful session, quite valid point on Insurance. I have faced similar issue on insurance and rather started directly investing on MF to leverage for future

[vedantsheth]

Beautiful life lessons learnt..
Work for happiness and peace. You should be grateful if you could get 2 meals a day at peace. Wonderful. And totally agreed with the gentleman's thoughts..

[Bookboy-udgp]

Excellent 👌 Honest Story. Reasonable and True. Post something like this 🎉

[dr.akashsatapathy]

Real Estate debt and others were paid off by 2020. There on he was not in debt. But by that time he had a good chunk of his corpus into real estate . May also have inherited parental property. Lucky and Smart either way!!

[hariprakashl]

this is the practical guy, grown from scratch

[seenuz]

Awesome bro the ending of this video will make lots of sence... good and practical advice..👌

[ayushvarma]

He seems to have learnt a lot throughout all of the situation, Raman definitely is super realistic and a wise person!

[eriol_h]

Hey wint wealth, wonderful episode and kudos to this guy for handling loans and emerging out as a millionaire. Can you do a detailed episode on HUF?

[pandip]

The interview is worth of watching with practical application. I too built my corpus of Daily salary of Rs 7 in 1987 to few crores but below 10 crores over a period of time by exploring many options of additional revenue in different area’s particularly identify the talented guys in your circle use his strength for start up some small business and fund him for to grow, there is a win win situation as long as both parties are having fair business dealings,

[Manjunathrao-pk]

Hey Raman, good to see your interview, really felt nice to see our friend and advise on such important things, really nice to hear your story on how you went from rags to riches, we all have the same kind of story but it’s you who really made there, proud of you, hope to see more of such interviews 👍👍 16:38