Early RETIREMENT at 38! | Money Matters Ep. 32 | Ankur Warikoo Hindi

Money Matters is a series where I have conversations with normal people such as you and I, on your personal finance issues.

It is important to note that I am NOT a financial expert, I am NOT SEBI registered, and I am NOT qualified to give financial advice.

Everything that I say in these videos is purely through my own experiences.

- So these videos do not offer any stock tips, or specific mutual fund recommendations or get-rich-quick schemes.
- I am not selling any product or service through these videos.
- None of the brands that I mention in these videos have paid me to mention them, unless I explicitly say so (and I will say if the video is sponsored).

This also means that my advice may not always be the right advice. So incase I make a mistake, the best way to correct me will be to share your point of view in the comments, so that everyone can benefit from it.

I am not perfect, nor claiming to be either and would love to learn and grow.

The idea is simply to help people with their finance journey and through their story try to help others who may have a similar story.

In this episode of Money Matters, I dive deep into Archu's inspiring journey towards early retirement. As a 28-year-old working mom, Archu aims to retire by 38 to spend more time with her son. I break down her current financial situation, including her ₹75,000 monthly income, existing investments, and SIPs totaling ₹35,000 per month. We then craft a comprehensive 10-year plan to help her achieve financial independence.

I guide Archu through strategies to grow her retirement corpus to approximately ₹1.5 crore by age 38. We discuss the importance of increasing her SIPs annually, diversifying investments, securing adequate life insurance, and maintaining an emergency fund. By following this plan, Archu can potentially sustain her desired lifestyle until age 85. This episode is a must-listen for anyone dreaming of early retirement while balancing family responsibilities.

00:00 Introduction
00:33 About Archu
03:33 Archu's expectations from Money Matters
06:50 Current financials
13:15 Advice on insurance
15:00 Planning using the Retirement Planner
21:57 Solutions to optimise
25:19 Follow up questions from Archu
26:50 Conclusion

#FinancialPlanning #MoneyMatters #warikoo

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My Money Apps:

The above links are for products that I personally use for my own investing. If you create an account on any of these using the above links, I stand to make a referral income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L, in 2023 we contributed 56L and in 2024 we contributed 43L. DO NOT assume that these are the best products in the industry. Please do your research and let me know if you have any questions.

My bestselling books:

My gear for shooting this video:

The above links are on Amazon. If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L, in 2023 we contributed 56L and in 2024 we contributed 43L. DO NOT assume that these are the best products in the industry. Please do your research and let me know if you have any questions.

Let’s connect online:

[warikoo]

Money Matters is a series where I have conversations with normal people such as you and I, on your personal finance issues.

It is important to note that I am NOT a financial expert, I am NOT SEBI registered, and I am NOT qualified to give financial advice.

Everything that I say in these videos is purely through my own experiences.

So these videos do not offer any stock tips, or specific mutual fund recommendations or get-rich-quick schemes.
I am not selling any product or service through these videos.
None of the brands that I mention in these videos have paid me to mention them, unless I explicitly say so (and I will say if the video is sponsored).

This also means that my advice may not always be the right advice. So incase I make a mistake, the best way to correct me will be to share your point of view in the comments, so that everyone can benefit from it.

I am not perfect, nor claiming to be either and would love to learn and grow.

The idea is simply to help people with their finance journey and through their story try to help others who may have a similar story.

My Money Apps:

The above links are for products that I personally use for my own investing. If you create an account on any of these using the above links, I stand to make a referral income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L, in 2023 we contributed 56L and in 2024 we contributed 43L. DO NOT assume that these are the best products in the industry. Please do your research and let me know if you have any questions.

My bestselling books:

My gear for shooting this video:

The above links are on Amazon. If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L, in 2023 we contributed 56L and in 2024 we contributed 43L. DO NOT assume that these are the best products in the industry. Please do your research and let me know if you have any questions.

[massiah]

I need communication skills like ankur... Those hand gestures and clarity of speech is so awesome..

[tusharkapse]

Sir your doing awesome work.. without charging you actually educating people of india about financial planning

[rachitupadhyay]

Financial freedom may sound like fantasy but Ankur explained it like a practical achievement

[tanulatawalawalkar]

Though i understand her concern to be with her child but being parent of 9 years old myself I wish I could tell her that 0 to 10 yrs are the golden years of any child where he needs you and you can witness his first steps in outside world. Kids get busy by 10 years and spend more time outside home and less with parents. We remain waiting for them and they are into their tight schedules.

[kapil]

A very good solution in this case would be to just increase the retirement age from 38 to 40. Addition of those 2 years would have make a huge difference in the whole planning 😇

[softwaredevelopmentandtest]

aap behtrin aadmi ho yar, bhot financial advisor hai youtube par jo ki jo ki aap nahi ho phir bhi aap unse behtrin ho. lernt a lot from you, god bless you

[sahilchoudhary]

Please take taxes also in consideration while calculating financial freedom

[drkuhelibhattacharyams]

This was so good . Even at 40 and trying to retire by 50, it made a lot of sense.

[modellocomotiveworks]

जब तक ये फाइनेंशियली फ्री होंगी वो बड़ा हो चुका होगा उसके 4 साल बाद वो कॉलेज में जा चुका होगा
वो खुद 17 चीजों में उलझ जायेगा
फिर ये घर पर अकेली बैठी रहेगी सारा दिन, इनकी एक्सपेक्टेशन भी बढ़ती जायेगी कि वो भी इनको टाइम दे
फिर बात वहीं आयेगी जैसा आमतौर पर देखने को मिलता है
मैने तुम्हारे लिए अपने कैरियर तक को sacrifice कर दिया
टाइम देने का मतलब किसी के पास रहना नहीं होता

[meenal]

You have great communication skills and a lovely personality.

[jnanakshatriya]

School fees increases around 10-15 % yearly. 5% is not real inflation. Inflation for education and healthcare is around 10 %. Anyway, its best to have a plan and update it rather than not have one.

[mohitmiglani]

Dear IITan @Warikoo sir,

Kindly add home renovation cost, painting cost(since you are planning till 85 years)cost to buy refrigerator, TV, water purifier, AC, Geyser, computer, mobile etc. once they reach end of life.

Sometimes due to termite problem we might again need to do woodwork or have to buy new almirah on adhoc basis

A small 2nd hand car might also be required in future, please add that cost also along with service and fuel cost.

[MayankArya_]

Ankur, the smile with yout explain things is like super pleasing.. Keep up the good work!

[ravipatel-lewh]

Video ke sath please share an Excel sheet as well so we can download and try to figure how much we can invest according to our budget.

[shivkumar-xmcd]

No body calculate the taxes and expenses on sip. Pls tell the amount after all deductions. Explain the expenses on regular and direct sip

[sajansingh]

She s not here for guidance she s here for appreciation. But doing verywell for herself

[sumitrajiiit]

she look very simple but I feel she is very intelligent I feel....

[adithyakeshavak]

A person aged 44 is working to teach a woman aged 28 to get retired at the age of 38..!! Waahh 😂 Kya karoge ithni jaldi retirement leke ? Jis kaam ko karne mein maza aata ho, woh kaam karte raho jab tak kar sakte ho, Expenses are not always fixed like how it is portrayed here..!! Any extra expenses, anything goes unexpected, will you go beg for money ?

[gopia.r]

I was looking through the comments... What i feel is, SWP is better option only if the market is good. Imagine like in covid, market crash, you can't withdraw 50k every month and more over you're relaying only this money means its very high risk..!! I can feel that numbers looks great but think practically will that returns be same ??