Financial Freedom | 5 RULES For Early Financial Independence

Financial Freedom | 5 Rules For Financial Independence
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In this video, we're going to talk about 5 important concepts that you need to know to achieve financial freedom in India. These 5 concepts are not talked about because the topic of money, stock market (share market) and financial independence is considered a taboo in India. Hence most people end up working their whole lives for money and retire only at the age of 60-70 when they're too old.

With the help of Rocky and Sunny story, we explain you the 5 main concepts you need to understand to achieve financial freedom early in India.

The first concept is Debt:
The main reason why most people are not able to achieve financial independence in India or anywhere in the world is because they take too much loan which they cannot handle. It is obvious that schools do not teach how to handle loan/debt and people end up getting themselve trap in the debt-trap. Credit cards are the first thing that people get their hands on and they think it is free money and as a result, people end up spending a lot more than they earn and create bad habit of exxessive spending.

The second rule to achieve financial freedom, after you've learned how to avoid debt is to pay yourself first.
In this video, we talk about the 70:20:10 rule which should be followed by every India if they want to achieve financial freedom. And if you want to achieve financial freedom fast, you should follow the 50:40:10 rule of budgeting which will allow you to achieve financial freedom fast in just 10 years.

The 4th rule of early financial freedom is power of compounding. With the power of compound interest, you'll be able to get rich faster. However, most people do the opposite. They take loan and go against the power of compounding.

The 5th rule is the concept of Early financial freedom. This is a very new concept in India and also all around the world. Since the 4% percent rule was invented very recently, otherwise people only waited for the age of 65-70 as a traditional retirement. Most people cannot think of achieving early early retirement. Hence, you can watch the full video and share it with friends if you like it.

[InvestMindset]

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[jameswood]

I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 38, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

[gauravmalhotra]

I started my investment journey at 18 years now I am 27 I have saved 18 lakhs and still compounding ❤ thank you invest mindset I was following when you had 700 followers

[sabyasachighosal]

I'm at 30's and having my home loan and from past 1 year i lost my job. I'll start my job again. So, if possible my request is please make a video on this topic. I think a lot of people is here having and facing similar kind a problem in their life.

[williamyejun]

Kiyosaki as my late husband would say have achieved an incredible feat in the stock market. He turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.

[logicmedico]

Financial Freedom- only 1% .
Remaining are employees.
Wonderful information. Thanks.

[stephaniestella]

These are very valuable info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.

[AndersonFair-cybb]

You make an excellent case! . I’ll add 1 more point… Seeing my monthly dividend income grow is EXTREMELY motivating to continue investing . Buying growth makes sense intellectually, but during a bear market, watching my growth portfolio shrink…the motivation isn’t as high as it is for dividend investing. A lot of this is psychological!

[ayushiagnihotri]

5 rules.

1. 70/20/10

2. 50/40/10

3. Stock investment

4. Compounding

5. Concept of financial freedom

[gopaljana]

God bless you sir, I have get great value of your videos, this value changed my mindset, now start investing as your guideline and I have been seen per day minimum one video of your channel .Thank you soo much

[sejalgirigosavi]

Thank you for updating videos regularly...I am eagerly waiting for your videos....Please launch your course on fundamental analysis of stocks picks

[AKHILESH_]

My English is not good so i want to share my story in hindi. Now I am 37 years old. Before 7 years meri job chali gayi but mere paas 4 lac ki savings the jisse Maine ek garments ki shop open kar liya. Phir before corona ek friend k kahne par mutual funds mai 7000 ki SIP start kar di. And after corona Maine share market mai bhi investment suru kar diya hai. Bahut der se Gyan Aya hai is baat ka afsos hai.

[ashokkumargond]

बहुत ही इंट्रेस्टिंग मूवी बनाई आपने मैंने इस वीडियो को किसी भी फ़िल्म से ज्यादा इंपोर्टेन्ट समय दिया हु और समझने का प्रयास करना है धन्यवाद ❤❤

[utkarshrokade]

always love your videos, great knowledge and inspiration... hats off

[jaxonmichael]

My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.

[abhimannyukalne]

I like your blog posts and videos. Full with knowledge. Thanks for your efforts towards financial literacy.

[mindsetforsuccess]

Hi my name is gaurav I am 14 year old and seeing all your video since 11
I have a question about money
'If we invest money in any companies
It will take time ro component and we need big capital for it so it will be good that I do investing, trading online Business for freedom in young age cn you make video on trading

[bong_shilpa]

Please make a video on....
how to manage home loan and financial freedom both.

[imkabir]

Bhai 1 sec b miss ni Kiya bht informative video h Baki videos ki tarha
Thank u invest mindset love from Pakistan ❤

[ANV_Automation]

I have started investing from your lesson
Now it's become my habbit