{
  "version": 3,
  "sources": ["ssg:https://framerusercontent.com/modules/oWkdwQIGgx4LPJLpU0dl/UgnsyZPWc6AoaBTFQu42/lhEO0xmNn.js"],
  "sourcesContent": ["import { jsx as _jsx, jsxs as _jsxs } from \"react/jsx-runtime\";\nimport { addPropertyControls, ControlType, Link } from \"framer\";\nimport * as React from \"react\";\nconst addImageAlt = (image, alt) => {\n  if (!image || typeof image !== \"object\") {\n    return;\n  }\n  return {\n    ...image,\n    alt\n  };\n}; /**\n   * @framerRecordIdKey id\n   * @framerSlug LXPPb0mj_\n   * @framerEnumToDisplayNameUtils 2\n   * @framerData\n   */\nconst data = [{\n  aRsDZYt0I: addImageAlt({\n    src: \"https://framerusercontent.com/images/qY9TJb0yfs96RDoz1pLRzc07g8.png\",\n    srcSet: \"https://framerusercontent.com/images/qY9TJb0yfs96RDoz1pLRzc07g8.png?scale-down-to=512 512w, https://framerusercontent.com/images/qY9TJb0yfs96RDoz1pLRzc07g8.png?scale-down-to=1024 1024w, https://framerusercontent.com/images/qY9TJb0yfs96RDoz1pLRzc07g8.png 1600w\"\n  }, \"\"),\n  id: \"fb2Wfd_fq\",\n  LXPPb0mj_: \"how-to-achieve-fire-in-a-high-inflation-world\",\n  MJoGirltk: \"2022-12-15T00:00:00.000Z\",\n  xt1rryj9L: /*#__PURE__*/_jsxs(React.Fragment, {\n    children: [/*#__PURE__*/_jsx(\"p\", {\n      children: \"Why Should You Listen to Me?\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Just a very quick background:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"At 35, I am semi-retired. And, live in South Goa with my family.I came from a middle class family: studied well, did corporate jobs, dabbled with entrepreneurship. Many things worked, many didn\u2019t.Investing my money well, allowed me to gain better control. And, now I get to pick the type of projects I wish to work on.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"In simple words: I worked to get time, money and location freedom.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"In this article, I will share my roadmap & key lessons I learnt on my journey to this F.I.R.E (Finance Independence Retire Early).\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Demystifying FIRE\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"In this blog, we will be looking to answer 6 key points about FIRE:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"What exactly is Financial Independence or FIRE or Retirement?What are the Three Pillars of FIREHow Much Money Do You Need to Retire?What are the Challenges that you face on the road to FIRE.Wealth Preservation and Growth Strategies that you can implement.Actionable takeaways to help you achieve Financial Freedom.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"What Exactly is Financial Independence or FIRE or Retirement?\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Financial Independence; Retire Early (FIRE) is more than just a catchy acronym; it\u2019s a lifestyle, a mindset, and a well-thought-out financial plan. At this stage:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"You no longer HAVE TO WORK FOR MONEY, i.e your financial concerns are no longer your primary driver.You have the choice to work on what you\u2019re passionate about, not because you have to but because you want to.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"In simple words, it means:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Building a large enough savings (i.e a nest)Investing those savings to cover your expensesAiming to achieve all of this at a fairly young age.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"The Three Pillars of FIRE\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Let\u2019s delve deeper into the essence of FIRE, which is built on three key pillars:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Save Money:\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Saving aggressively is the foundation of FIRE.Aim to save a significant portion of your income, ideally between 50% to 70%.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Invest Sensibly:\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Once you\u2019ve accumulated savings, it\u2019s essential to invest wisely.Consider options like Fixed Deposits (FDs) and Index Funds, aiming for returns that at least match the inflation rate. In India, this is around 7-8%.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Live Frugally:\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Living below your means is a core tenet of FIRE.Strive to live comfortably on only about 4% of your total retirement corpus that you aim to generate annually.This frugal lifestyle ensures your savings stretch further, accelerating your journey towards financial independence.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"How Much Money Do You Need to Retire?\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"The question on every aspiring FIRE enthusiast\u2019s mind is, \u201CHow much is enough?\u201D The truth is, there\u2019s no one-size-fits-all answer.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"It varies based on your lifestyle, goals, and where you choose to retire. Instead of arbitrary numbers like 5 crores or 50 crores, let\u2019s approach this differently.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Step-by-Step Method to Estimate Your Retirement Corpus\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Step 1: Assess you current lifestyle and Estimate Your Monthly Expenses:\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"The first step is to understand your current and future expenses.Consider a range of expenses and gauge your desired quality of life.With age, these expenses will go up (commonly referred to as Lifestyle Inflation).\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Step 2: Determining Your Retirement Corpus:\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"If, for instance, your monthly expense is 25K, your annual early retirement expense is 3 lakhs.Employing a conservative 3% withdrawal rule, you\u2019d multiply this number by 33, giving you a 1 crore corpus.This should ideally be the size of your portfolio, allowing you to withdraw 25k per month for 40-50 years.Now you might have a very natural response: that inflation (price rise) happens every year. Yes, that is true.To mitigate that your corpus should grow at/around the rate of inflation (how to grow your corpus at/above inflation? This has been explained subsequently in the article). Let\u2019s work through the example meanwhile:-This can be better explained with a simple example as shown below:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"In this example, our monthly expense is 25000,Retirement Corpus = 25000 x 12 (yearly) x 33 = 1 croreIf you earn INR 40,000 per month, then having a savings rate of\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Step 3: Save a good percent of your income (Ideally 70-80%):\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"I myself save around 95% of my salary (reason: my earnings have grown substantially over time. And, I have not taken a massive lifestyle inflation)If you are able to save 70-80% of your salary for 10 years, then you can safely retire assuming that you don\u2019t incur a lifestyle inflation (Increase in quality of life which in turn incurs more expense)Taking the same example as the one shown above, if let\u2019s say you earn 1 Lakh per month:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"If you have a savings rate of 80-85% (how is this possible? Maybe you have a partner who earns; or you are not incurring major expenses like spending on rent \u2013 you might be living with your parents)(In case not, let\u2019s still work through an example)Then, you can build your nest of 1 crore in just over 10 years.Retirement Portfolio : 83000 x 12 x 10 ~ 1 crore.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Step 4: Track your spending:\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"It\u2019s not about how much money you earn, but more about how much money you save.When you add some type of recurring expense like an EMI, this in turn can make your retirement portfolio take a hit.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Step 5: Decide at what age you wish to retire:\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Decide when you want to retire. The earlier you wish to retire, the longer you will need to plan your expenses from your portfolio\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Step 6: Exploring the 4% Rule:\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"A famous study by Trinity College suggests that if you have a 1 crore portfolio and you withdraw 4% every year, you can sustain this for 30 years.The study assumed a portfolio allocation of 60% in equity and 40% in debt.As per the same example used previously,\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"With a portfolio of 1 crore,And the 4% withdrawal rule,You will have around 4L every year, i.e ~33000 every month for your expenses.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"The math somewhat adds up in India\u2019s context as well: a 60% equity investment in Equities (NIFTY 50 index), gives you around 12.5% CAGR. The 40% debt component could generate 8%.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Step-by-Step Method to Estimate Your Retirement Corpus\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Now before we move on, let us try to answer these 2 questions:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"How easy or hard is it to create this corpus/portfolio in an economy like India?Is just having this corpus enough to ensure a smooth retirement?\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"To answer the first question, let us look at the challenges that Indians face on their road to FIRE.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Challenges for Indians in Pursuing FIRE\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"While the concept of FIRE is enticing, Indians face specific challenges on their journey to financial independence:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Challenge #1 : Saving 70-80% of your salary is getting HARDER.\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"As per the chart below, everyday consumption expenditure has gone up significantly in the last few decades.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"As per this data, the rate at which consumer expenditure is increasing is higher than the rate at which salaries are increasing.Let us take a look at how some everyday and critical expense has gone up over the years:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Rent / House Ownership\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"As per the chart home prices and rent have gone up exponentially in the last 10-15 years. Metropolitan cities have gone up by more than 250% over the same period.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Medical Inflation:\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"As per the images below, it can be seen that medical inflation in India stands at 14% as of 2021.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Educational expense:\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Educational expenses are rising faster than the increase in salary levels in India. This is causing larger concerns for parents in regards to their child\u2019s education.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Everyday products:\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Daily use items such as vegetables and spices saw a large spike in India, increasing by 37% and 21% respectively in a span of just one month\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"LPG, Petrol\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Petrol prices as well as LPG Cylinder prices have gone up exponentially over the years with the former doubling in the last 13 years and cylinder prices increasing by 56% in the last 4 years as seen in the charts below:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Challenge #2 : Investing to generate >12% returns is getting more CHALLENGING.\"\n      })\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"Weaker economy leading to a high inflationary environment. Check out this blog on \", /*#__PURE__*/_jsx(Link, {\n        href: \"https://wisdomhatch.com/why-a-recession-in-2022-is-a-good-thing/#:~:text=Instead%2C%20we%20can%20define%20recession,best%20use%20of%20that%20capital.\",\n        openInNewTab: false,\n        smoothScroll: false,\n        children: /*#__PURE__*/_jsx(\"a\", {\n          children: \"WHY RECESSION COULD BE A GOOD THING\"\n        })\n      }), \"Stock market has become more volatile. Therefore, Buy and Forget is not an option anymore.FD returns are lower than inflation (FD vs Inflation chart before and after)Indexation benefits removed for Debt Funds.\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Challenge #3 : Living frugally is also getting HARDER.\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Governments and businesses are trying to increase the credit flow in the economy.Therefore, the cost of capital has gone up a lot.This led to a HIGH Inflationary environment.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Now the second question: Is just having this corpus enough to ensure a smooth retirement? For this let us take a look at what happened in Lebanon.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Challenge #4 : Macroeconomic Challenges, eg: Currency Devaluations:\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Currencies across the globe are losing their buying power.The situation in Lebanon serves as a stark reminder of the importance of protecting your wealth from currency devaluation.Since 2019, Lebanon has faced a severe financial crisis, characterized by capital controls that prevent people from accessing their own money.This crisis led to a continuous devaluation of the country\u2019s currency.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"A similar story has also played out in countries like Pakistan, Sri Lanka and Zimbabwe.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Even the world reserve currency, the US dollar, have gone through continuous and significant currency devaluation as seen in the graphic below:\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"Read our blog post on the \", /*#__PURE__*/_jsx(Link, {\n        href: \"https://wisdomhatch.com/us-debt-market-collapse-impending-crash/\",\n        openInNewTab: false,\n        smoothScroll: false,\n        children: /*#__PURE__*/_jsx(\"a\", {\n          children: \"Collapse of the US Debt\"\n        })\n      }), \" to get a broader understanding of how the US dollar has gone through devaluations over the year and how the Debt situation currently stands.\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Currency devaluation can erode the value of your savings and investments, making it crucial to hedge your portfolio for wealth preservation.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Wealth Preservation and Growth Strategies\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Is Just Making Money Enough?\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"While amassing wealth is essential, it\u2019s equally vital to preserve and grow it sensibly. Various factors can threaten your financial security, from currency devaluations to market volatility.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Here\u2019s how you can navigate these challenges:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Own both paper and non-paper assets in your retirement portfolio:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Paper Assets include Stocks, Debt or Bonds, Cash etc. Normally backed by a currency.Non-paper Assets include Real Estate, Physical Gold, Cryptos like Bitcoin etc. Not backed by a currency.For the time being 80% of my OWN money is still in the Equity Market. But, I will gradually reduce this allocation and move it to real assets.Japan\u2019s Stock Market has given almost 0% return (Input chart). This was due to a mandate by the government to keep the interest rates close to 0% to stop the rise in inflation. This was a clear sign of the government artificially controlling the stock market.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Right now no such issue is seen in India, but it can very well start happening in the next 30-40 years so it becomes crucial to own non-paper assets.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Buy Growth stocks instead of Dividend Stocks:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"While dividend stocks give out regular cash flow, they also sometimes face capital depreciation.So, a better approach would be to choose stocks that give capital appreciation.Additionally, dividend income is taxed as per your income level and is therefore likely going to be taxed higher than the tax that pays for your capital gain (Long Term or Short Term).\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Nifty & Index Investing:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"More people have now moved into investing in passive funds such as index funds instead of active funds to avoid commissions.But the method of continuing your SIPs (Systematic Investment Plan) irrespective of the levels lead to an index bubble creation.For example: as of the 3rd of September 2023, NIFTY 50 (which is an index of top 50 firms in India) is almost at its all time high.On the flip side, Nifty IT (which measures the performance of the Indian IT Stocks) is trading almost 17% from its peak which would make it a better purchase at current levels.You can also opt for blue chip stocks that are at a discount. For eg: HDFC Bank, DMART etc.PS: Not a stock buying recommendation.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Don\u2019t be a maximalist investor:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"No one can predict the top and bottom of a stock or index.Take Bulk Investing opportunities and intelligently time the market but don\u2019t try to micromanage the market.The chart below shows how your returns would change if you missed the best days in the market. SO, stay invested in the market and avoid tracking your portfolio everyday.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Don\u2019t buy paper assets that don\u2019t beat inflation:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"For eg: Government schemes such as Sovereign Gold Bonds (SGBs), Real Estate Investment Trusts (REITs) etc.This is because if the debt bubble bursts or the government defaults, then no matter how safe a paper asset is, it will take a hit. The chart below shows the staggering amount of DEBT that the US has accumulated in the last few decades.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Use Fixed Deposits wisely:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"FDs are good for goal based investing where you need assured returns.FDs should be avoided if the interest rates in the economy are low. For eg in 2020, interest rates were low and so were FDs.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Achieving Financial Freedom\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"How Can You Achieve This Financial Freedom?\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"The journey to FIRE is not a sprint; it\u2019s a marathon, requiring strategic planning and discipline. Here\u2019s how to embark on your path to financial freedom:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"How much you SAVE & INVEST > How much you EARN:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"As per the data below, financial savings in India are coming down.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Savings rate in the US is far lower than the rate in India.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"So you must always focus on saving at least 20% of your salary and invest this amount wisely.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Savings Rate should go up every year:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"If you start with a 20% savings rate, then it should go up every year for at least 15 years.It doesn\u2019t matter whether your spending is going up as long as your savings rate is also increasing year on year.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Design your Portfolio:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Design your portfolio for both wealth preservation (~80%) and growth (~20%).Growth Assets investing include Stock Investing, while Wealth Preservation assets include Real Estate.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Diversify your Portfolio:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Hedge across different asset classes to protect your downside.Invest across paper assets and non-paper assets.Even within one asset group, don\u2019t over invest in one property or one stock. Take diversified bets.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Learn how to control your cash flows:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Rental Income through properties. Have pricing power (be it through your businesses or increasing your rental income).\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Own hard assets:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Real assets like Real Estate, Gold, Bitcoin etc.I myself invest in these Real Assets and over time will be diverting a large part of my portfolio to these assets.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Improve your financial acumen and learn more about budgeting and investing:\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"If you are a serious investor and are looking for advanced techniques with a focus on better returns, join my \", /*#__PURE__*/_jsx(Link, {\n        href: \"https://www.youtube.com/@AkshatZayn/community\",\n        openInNewTab: false,\n        smoothScroll: false,\n        children: /*#__PURE__*/_jsx(\"a\", {\n          children: \"Youtube Community\"\n        })\n      }), \" where I give live and timely updates on the Stock Market.\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Have a high savings rate:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"The higher your savings rate (%), the more you can increase the quality of life without taking a hit on your retirement portfolio by reducing your savings rate a bit.Aim to eventually save 70-80% of your income for at least 10-15 years.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Focus on your Active Income:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Explore parallel sources of income.Start investing early to let compounding do its magic.Work hard on things that you are interested in. Learn to speak and write really well.Develop evergreen skills\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Conclusion\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Financial Independence and Early Retirement through FIRE are not just aspirational goals; they are attainable realities. By taking control of your financial destiny, adhering to the principles of FIRE, and making informed decisions, you can shape a future where financial worries are a thing of the past.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Points to keep in mind:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Don\u2019t get intimidated by big numbers. Instead, aim to create good savings and investing habits.Just having money in your bank account is not enough to be financially independent and to retire early.Your portfolio should be able to service your lifestyle.Avoid buying REITs as a method of Real Estate investments. Understand the difference between a Paper Asset and a Non-paper Asset.Mitigate Risks carefully.\"\n    })]\n  }),\n  z73Iw8W3B: \"How to Achieve FIRE in a HIGH INFLATION world\"\n}, {\n  aRsDZYt0I: addImageAlt({\n    src: \"https://framerusercontent.com/images/0qJ9soSyFrhsO29OxcFs7RDZs.png\",\n    srcSet: \"https://framerusercontent.com/images/0qJ9soSyFrhsO29OxcFs7RDZs.png?scale-down-to=512 512w, https://framerusercontent.com/images/0qJ9soSyFrhsO29OxcFs7RDZs.png?scale-down-to=1024 1024w, https://framerusercontent.com/images/0qJ9soSyFrhsO29OxcFs7RDZs.png 1920w\"\n  }, \"\"),\n  id: \"uOGH3wTAL\",\n  LXPPb0mj_: \"how-to-invest-your-salary-build-a-big-portfolio-even-with-a-low-salary\",\n  MJoGirltk: \"2022-12-15T00:00:00.000Z\",\n  xt1rryj9L: /*#__PURE__*/_jsxs(React.Fragment, {\n    children: [/*#__PURE__*/_jsxs(\"p\", {\n      children: [\"Back in 2011, I worked with a non-profit and made INR 10000 as a salary. But, I could still save and invest. My savings rate was 10%By 2015, I was working with a consulting firm & made 1.5 Lakh/month.\", /*#__PURE__*/_jsx(\"br\", {}), \"My savings rate was 30%By 2023, I make exponentially more, but my savings rate is 95%\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"There are 2 key points:\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [/*#__PURE__*/_jsx(\"strong\", {\n        children: \"1.\"\n      }), \" How much you SAVE (& Invest) is more important than HOW much you MAKE.\\xa0\", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"2.\"\n      }), \" Your savings rate should ideally grow with your salary levels.\\xa0So in this article, let\u2019s discuss: How you can get this equation right.\\xa0More specifically, how you can SAVE & INVEST more sensibly, irrespective of your salary levels.\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Salary Level 1: You are earning an in-hand salary of 25-35K.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"At this level of income you should have 2 main objectives:\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [/*#__PURE__*/_jsx(\"strong\", {\n        children: \"a.\"\n      }), \" Save up to 10-20% of your salary to invest so that you generate an investing habit.There can of course be exceptions: that you need to send money to your parents, or might have immediate needs.And, this savings rate could fluctuate. But the point is: try to save what you can. And, get into the habit of saving.Savings acts as a fodder to invest.\", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"b.\"\n      }), \"\\xa0Work on increasing your active income.Active Income: in simple words, is the money you earn by actively spending the majority of your time and effort. Eg: salary from a job, Income from your small business etc..Passive Income: is money you earn without active involvement of time and effort. For Eg: Rental Income, Dividends etc.\\xa0Take a look at the chart below:\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Source: https://groww.in/calculators/sip-calculator\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"With a monthly investment of INR 5000, you could end up building a corpus of 2.21Cr.Yes, we are discounting the fact that inflation would eat into this money. But, the point of this example is to outline the fact that even with a small amount, a fairly large corpus could be built.For example: with a Salary of 25K, assuming a 20% savings rate, it get us to INR 5000 as the investable amount.Now, the question arises on how to invest this 5K monthly.Our strategy in this salary level will include 4 main sections:\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [/*#__PURE__*/_jsx(\"strong\", {\n        children: \"a. Index Investing:\"\n      }), \"This includes broad indexes such as the Nifty-50, Nifty-IT, Bank-Nifty.Investing in the index is a relatively safer way to invest, since your risk gets spread across a basket of stocks.\"]\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"But, it is also important to note: the price at which you are buying the Index.Blindly investing in the Index might lead to suboptimal returns. Similar to a stock, an Index should be intelligently bought.\", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"b. Pick indexes that are undervalued and build more positions there.\"\n      }), \"For example: as of the 3rd of September 2023, NIFTY 50 (which is an index of top 50 firms in India) is just trading at 2.5% below from its peak.\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"(Source: https://www.tradingview.com/)\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"On the flip side, Nifty IT (which measures the performance of the Indian IT Stocks) is trading almost 20% from its peak which would make it a better purchase at current levels.So investing money in a safe (ish) instrument like Index, especially when the valuation (price) is low, could lead to better results.PS: Not a buying recommendation.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"(Source: https://www.tradingview.com/)\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [/*#__PURE__*/_jsx(\"strong\", {\n        children: \"c.\"\n      }), \" \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Large Cap Stocks:\"\n      }), \"\\xa0These are relatively safer blue chip firms.Most people make a mistake of buying these firms at very high valuations. A sensible investing strategy would be to buy blue chips at a discount.For example:\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"(Source: https://www.tradingview.com/)\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"HDFC Bank has gone through a time correction of over 2 years (giving almost 0% returns) and is currently trading outside its channel. Stock PE is at 18 as opposed to its median PE of 25\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"(Source: https://www.tradingview.com/, https://www.screener.in/)\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"DMART has also gone through a time correction for over 2 years and is trading at around 30% discount from its peak.\\xa0\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"PS: Not a stock buying recommendation.\", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"d.\"\n      }), \" \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Small Cap or Mid Cap Stocks:\"\n      }), \"These are more volatile and should take up a smaller percent of your portfolio.\\xa0These stocks are high risk- high reward type of investments.\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"For an average investor: your portfolio should have almost 80% focus on wealth preservation (Index and Large Cap) and 20% on riskier growth assets (Small and Mid Cap; as these could give you growth).\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Salary Level 2: You are earning an in-hand salary of 50-75k.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Take a look at the chart below:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"(Source: https://groww.in/calculators/sip-calculator)\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"With a monthly investment of INR 12000, you could end up building a corpus of 5.3 Cr.Yes, we are again discounting the fact that inflation would eat into this money. But, the point of this example is to outline the fact that even with a small amount, a fairly large corpus could be built.For example: with a Salary of 60K, assuming a 20% savings rate, it get us to INR 12000 as the investable amount.Now, the question arises on how to invest this 12K monthly.In addition to the previously mentioned strategies from Salary level 1, our strategy in this salary level will include 3 new sections:\\xa0\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [/*#__PURE__*/_jsx(\"strong\", {\n        children: \"a. Bulk Investing:\"\n      }), \"Now given that your investment amount is relatively higher, you should take this opportunity to invest in bulk when an undervalued asset presents itself.For eg: HDFC Bank and Nifty IT.PS: Not a stock buying recommendation.This will help grow your portfolio exponentially faster given your higher discretionary income and holding period.Just being able to grow your portfolio at 16% as opposed to 12% gives you corpus of 22.1 Cr as opposed to 8.82 Cr for a monthly investment amount of 25k for 30 years.\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"(Source: https://groww.in/calculators/sip-calculator)\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [/*#__PURE__*/_jsx(\"strong\", {\n        children: \"b. Cash Flow Assets\"\n      }), \":\\xa0Focus on assets that produce cash flows.\\xa0For eg: Dividend Stocks, Debt or Real Estate.\", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"c. Growth Assets\"\n      }), \":\\xa0Take more sensible risks and adjust your portfolio for a larger time horizon.Switch to a strategy of 60-70% focus on wealth preservation (Index and Large Cap) and 30-40% on riskier growth assets (Small and Mid Cap).\\xa0These numbers should be adjusted as per your age and risk appetite.\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Salary Level 3: You are earning an in-hand salary greater than 1 Lakh.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"(Source: https://groww.in/calculators/sip-calculator)\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"With a monthly investment of INR 25000, you could end up building a corpus of 17.5 Cr.Yes, we are again discounting the fact that inflation would eat into this money. But, the point of this example is to outline the fact that even with a small amount, a fairly large corpus could be built.For example: with a Salary of 1L, assuming a 25% savings rate, it get us to INR 25000 as the investable amount.Now, the question arises on how to invest this 25K monthly.In addition to the previously mentioned strategies from Salary level 1 and 2, our strategy in this salary level will include 3 new sections around segmenting your portfolio as a means of diversification and your long term needs:\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [/*#__PURE__*/_jsx(\"strong\", {\n        children: \"a. Retirement Planning:\"\n      }), \"Around 25% of your portfolio can be focused for your retirement and should include safe assets purely for wealth preservation.This can include Index or Large Cap stocks, Bond Investing etc.\", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"b. International Investing:\"\n      }), \"Around 20% of your portfolio can be focused on investing internationally. This is your method of geographically diversifying your investments.Over time you can increase this allocation as our portfolio grows.For eg: US Investing can be done through ETF\u2019s such as Vanguard 500 Index Fund ETF (VOO) which tracks the return of the top 500 largest listed companies in the US.PS: Not a stock buying recommendation.\", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"c. Real Estate Investment:\"\n      }), \"Give focus on including a hard asset like Real Estate which gives you asset class diversification.This also adds on as a cash flow asset if you are able to rent it out efficiently.While there is common notion that Real Estate does not give good returns, this is not true as long as you buy good Real Estate which can give good cash flows.\"]\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"For investors who are looking for advanced techniques with a focus on better returns, I have a course on\\xa0\", /*#__PURE__*/_jsx(Link, {\n        href: \"https://wisdomhatch.com/stock-market/\",\n        openInNewTab: false,\n        smoothScroll: false,\n        children: /*#__PURE__*/_jsx(\"a\", {\n          children: \"Stock Market Investing\\xa0\"\n        })\n      }), \"which covers all the aspects from Fundamental Analysis to key concepts like Macroeconomics and Wealth building.\\xa0\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"In Conclusion:\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"The guidelines mentioned in the 3 salary levels gives you a good idea on not only how to invest your salary at your current salary level but also on how you can change your investing style as your salary and your active incomes grow.\", /*#__PURE__*/_jsx(\"br\", {}), \"Always remember to keep track of where your money is flowing and work towards achieving your early retirement goals.\"]\n    })]\n  }),\n  z73Iw8W3B: \"How To Invest Your Salary? Build a Big Portfolio Even With a Low Salary\"\n}, {\n  aRsDZYt0I: addImageAlt({\n    src: \"https://framerusercontent.com/images/aIUaPHZLOTZzFMZpTORS5buLURM.png\",\n    srcSet: \"https://framerusercontent.com/images/aIUaPHZLOTZzFMZpTORS5buLURM.png?scale-down-to=512 512w, https://framerusercontent.com/images/aIUaPHZLOTZzFMZpTORS5buLURM.png 1024w\"\n  }, \"\"),\n  id: \"T2h2rKGRq\",\n  LXPPb0mj_: \"why-should-you-not-buy-a-credit-card\",\n  MJoGirltk: \"2022-01-12T00:00:00.000Z\",\n  xt1rryj9L: /*#__PURE__*/_jsxs(React.Fragment, {\n    children: [/*#__PURE__*/_jsx(\"p\", {\n      children: \"You are at a bookstore and you take a look at this one book.It costs 550 rupees.Your very first thought would be, \u201COh, that is expensive.\u201DThis is called first order thinking. It means that our brain drives us to the most obvious conclusion.But reading a book can help youLearn how to communicate better.\\xa0Impress your date.Increase your general awareness.So, buying a book and reading it can turn out to be a great investment.This approach is termed as second order thinking.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"First order thinking in purchasing a credit card.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"While purchasing a credit card, our brain almost follows a first order approach.Buying a credit card can get one:Free coupons.Discounts on certain products.Free food in airports and access to the lounge.These services induce a dopamine kick in us and we begin to believe that maybe purchasing the credit card was not a bad idea after all.Eventually we start treading the path from being simplistic to materialistic.Our spending habits become unnecessarily high.\\xa0We start spending money on things we don\u2019t really need just because we are getting a \u2018discount\u2019 on them through our credit card.We spend money on items which are not appreciating assets (things which can help increase one\u2019s cash flow). This eventually leads one into debt.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Credit cards promote bad debt.\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"In the US, 7/10 Americans have at least 1 credit card.But, why?The US tries to promote something called \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"consumeristic culture\"\n      }), \", where people thrive more and more in buying stuff.According to a report in Mint,55% of working Indians save towards retirement regularly. On the other hand, a 2019 CNBC survey states that only 10% of Americans are confident that they\u2019ll have enough for retirement.This happens because most Indians have grown in an environment where they have seen people \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"save first, and spend later.\"\n      }), \"Now, ask yourself a question.What are the items for which credit card companies usually give you a loan for?Most probably you are taking a loan/paying EMI on \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"durable liabilities.\"\n      }), \"\\xa0When you buy a car or a phone, you\u2019re not creating a source of income for yourself but rather cash outflow. This can eventually have grave consequences.Now, a lot of people say that, \u201CI am an effective credit card user. I pay my bills on time.\u201DAgain, this article is not a criticism towards people who use credit cards judiciously.\\xa0But here is a more systemic question for you, so that you understand the business model of a credit card better-\\xa0\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Who pays for credit card conveniences?\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"There are credit card companies.There are retailers (people who sell you stuff, e.g.- Apple store)And then, there are people.\", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Credit card companies offer conveniences to people and retailers.\"\n      }), \"For retailers, credit card companies help them build marketing awareness.For people, there is the comfort of not carrying cash, you can pay bills by just swiping your card, plus you get customer service as well.Now, credit card companies make a LOT of money. But, how? Who is paying them?\", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"It is either the people paying for these conveniences or retailers. Or both, retailers and people.\"\n      }), \"In economics terms, this is called the incidence of cost burden.Let us take an example to understand this better.When cigarette prices increase, who pays for the risen cost?It is mostly people who smoke cigarettes. Sounds obvious, right?This is because it is a \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"habit oriented industry.\"\n      }), \"The retailers can pass on the entire cost burden to the customers, because cigarettes have \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"inelastic demand \"\n      }), \"(price increases, but quantity remains the same).On the other hand let us take the example of an item which has \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"flexible demand\"\n      }), \", like potatoes.(flexible because people can simply use a different vegetable, if the price of potatoes skyrocket).In this case, if the tax on potatoes increases, the retailers will absorb a certain amount of cost burden and then pass on the rest to the customer.Similarly, the same issue holds for credit card companies.It is the company that is making money, but who is substituting them/making them richer?The people and retailers, because of the innumerable conveniences a credit card provides to them.When we say conveniences, the idea to use a credit card can sound luring, right?But here comes another question.\\xa0\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"How amazing are credit cards REALLY?\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"You will have observed that a lot of YouTubers advocate the use of credit cards. A lot of blog articles on the internet also speak of them in a positive light.You will not find a lot of content on the internet which will systematically criticise credit cards, as there is a high chance they will be taken down.Also, quite often people forget that the \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"credit card system varies across nations.\"\n      }), \"In the US, it is not very easy to haggle or bargain.But the bargaining culture is very prevalent in India.\\xa0You don\u2019t really need cashbacks or coupons.Now a lot of people will make the argument that big supermarkets accept credit cards and give store discounts.\", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Would you rather buy cheaper vegetables from a regular vendor with no cashback or exorbitantly priced vegetables at supermarkets which are giving you cash backs?\"\n      }), \"So, it is important for you to do this simple analysis and use basic common sense, because at the end of the daySimplicity is the best way to be financially free.\"]\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"If you are a serious investor and are looking for advanced techniques with a focus on better returns, join my \", /*#__PURE__*/_jsx(Link, {\n        href: \"https://www.youtube.com/@AkshatZayn/community\",\n        openInNewTab: false,\n        smoothScroll: false,\n        children: /*#__PURE__*/_jsx(\"a\", {\n          children: \"Youtube Community \"\n        })\n      }), \"where I give live and timely updates on the Stock Market\"]\n    })]\n  }),\n  z73Iw8W3B: \"Why Should You NOT Buy A Credit Card?\"\n}, {\n  aRsDZYt0I: addImageAlt({\n    src: \"https://framerusercontent.com/images/TUOhJlCHp5yg0dl9C2EWK4sCY.png\"\n  }, \"\"),\n  id: \"iTzmH7oq7\",\n  LXPPb0mj_: \"you-should-start-a-business\",\n  MJoGirltk: \"2022-04-08T00:00:00.000Z\",\n  xt1rryj9L: /*#__PURE__*/_jsxs(React.Fragment, {\n    children: [/*#__PURE__*/_jsx(\"p\", {\n      children: \"In 2007, Warren Buffet was asked how much taxes did his employees pay in a financial year.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"To which he replied, 33%.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"And how much taxes did Warren Buffet pay himself in a financial year?\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Approximately 18%.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Someone working for Buffet was paying 2X the taxes compared to what Buffet paid.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Why was this happening?\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Here is where we need to understand the difference between wealth and income.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Thomas Piketty, a French economist, speaks a lot about why people should be taxed more on their wealth than their income.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"This is precisely what we are going to try and understand in this article.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Here are 5 simple examples which will almost convince you to start a business.\"\n      })\n    }), /*#__PURE__*/_jsx(\"ol\", {\n      style: {\n        \"--framer-font-size\": \"16px\",\n        \"--framer-text-alignment\": \"start\",\n        \"--framer-text-color\": \"rgb(98, 97, 92)\",\n        \"--framer-text-transform\": \"none\"\n      },\n      children: /*#__PURE__*/_jsx(\"li\", {\n        \"data-preset-tag\": \"p\",\n        style: {\n          \"--framer-font-size\": \"16px\"\n        },\n        children: /*#__PURE__*/_jsx(\"p\", {\n          children: /*#__PURE__*/_jsx(\"strong\", {\n            children: \"Difference between me buying something on Amazon vs you buying something.\"\n          })\n        })\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Let\u2019s say we both want to buy an Apple MacBook Air.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"For you, a normal retail consumer, it would cost Rs. 87,900 inc. GST.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Since I use an Amazon Business account, I will be paying Rs. 74,491.53 excl. GST.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Basically, I will be getting a GST rebate on it. And no, this doesn\u2019t work only for expensive products.\\xa0\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"So, if you own a business which is GST registered, you will get a lot of tax rebate in terms of GST credit inputs.\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"If you compute all the items that you\u2019d be buying in a year on Amazon, and take approximately a 10% savings rate, it will come out to be a lot of money you can save in a year.\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"Now, I am not a CA. I just want to just give you a super simple explanation on how owning a business can allow you to \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"save taxes\"\n      }), \" \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"legally. \"\n      }), \"Please do your due diligence to understand how this works in its entirety.\\xa0\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"2. Buying a car\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Here is a small clip around buying a car. It came out in Economic Times last year.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"It gives you an essence of how much you\u2019re actually spending when you buy a car worth 15L with your savings :\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"If you would have owned a business, there are a bunch of savings you could foster.\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"Owning a business would allow you to\", /*#__PURE__*/_jsx(\"strong\", {\n        children: \" depreciate some of that income out in terms of expenses.\"\n      }), \" That will save you a lot of money.\\xa0\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"When you fill your petrol tank, undertake maintenance or repair charges, you can expense that out to your business.\\xa0\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Do check with your CA if your business would qualify for that.\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"What you need to understand is that owning a business does allow you the option of doing so. If you are a salaried employee, this is something you cannot claim.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Now one might ask- Is it not evil to save taxes through building businesses?\\xa0\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"There are two counter arguments to it.\"\n    }), /*#__PURE__*/_jsx(\"ul\", {\n      style: {\n        \"--framer-font-size\": \"16px\",\n        \"--framer-text-alignment\": \"start\",\n        \"--framer-text-color\": \"rgb(98, 97, 92)\",\n        \"--framer-text-transform\": \"none\"\n      },\n      children: /*#__PURE__*/_jsx(\"li\", {\n        \"data-preset-tag\": \"p\",\n        style: {\n          \"--framer-font-size\": \"16px\"\n        },\n        children: /*#__PURE__*/_jsx(\"p\", {\n          children: /*#__PURE__*/_jsx(\"strong\", {\n            children: \"If you are building a business, you are creating more jobs in the economy.\\xa0\"\n          })\n        })\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Any nation would want to foster a more entrepreneurial culture.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"But what if the government pushes a lot of taxes on businesses?\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"A lot of countries like Estonia and Portugal are giving visas to entrepreneurs to come and work there. This could be a big brain drain problem.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Thus, the government needs to ensure an effective mechanism for entrepreneurs to keep on engaging with the economy and start creating more jobs.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"So this is the first qualitative argument as to why businesses are not taxed as high as individuals.\"\n    }), /*#__PURE__*/_jsx(\"ul\", {\n      style: {\n        \"--framer-font-size\": \"16px\",\n        \"--framer-text-alignment\": \"start\",\n        \"--framer-text-color\": \"rgb(98, 97, 92)\",\n        \"--framer-text-transform\": \"none\"\n      },\n      children: /*#__PURE__*/_jsx(\"li\", {\n        \"data-preset-tag\": \"p\",\n        style: {\n          \"--framer-font-size\": \"16px\"\n        },\n        children: /*#__PURE__*/_jsx(\"p\", {\n          children: /*#__PURE__*/_jsx(\"strong\", {\n            children: \"It comes down to the risk reward equation.\"\n          })\n        })\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"When one decides to start a new business, they have to put in a lot of capital to go to a certain scale. Only then it starts becoming profitable. This is how the majority of businesses function.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Entrepreneurs are taking a greater risk. Hence once they are successful, they are rewarded more.\"\n      })\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"Now one might have a lot of counter arguments to this statement, but the idea here is that building a business might be a worthwhile exercise after all.\", /*#__PURE__*/_jsx(\"br\", {}), /*#__PURE__*/_jsx(\"br\", {\n        className: \"trailing-break\"\n      })]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"3. Difference in taxation structure on income and wealth.\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Many times you must have heard the news headlines saying that Jeff Bezos and Elon Musk are paying close to 0% tax. On the other hand, an average American pays close to 35-40% tax. Is this not unfair?\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Let us understand the semantics behind it by taking the example of Tesla and Elon Musk.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Assume that in 2020, the value of Tesla was 800 billion USD. In 2021, the evaluation became even bigger. It became 1 trillion USD worth of business.\\xa0\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Now, the 200 billion USD was the additional wealth that was generated.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"This money is still logged into Tesla. It is not as if Elon Musk has taken this 200 billion USD. Hence the money is not taxed from that perspective.\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"If you compare this with income, it is a slightly different concept.\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"If your income is 1L rupees, you have to pay a certain amount of tax because the \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"money is going into your pocket.\"\n      })]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Hence the tax structure on wealth is very different to when income generation is happening.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Very recently, Elon Musk decided to sell a certain bit of stake in Tesla.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Whatever sale he made, he will have to pay tax on that, a much higher rate of tax compared to wealth building.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"So when you read the news that says billionaires pay close to zero tax, that might not be the complete truth.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Rich people-\"\n    }), /*#__PURE__*/_jsxs(\"ol\", {\n      style: {\n        \"--framer-font-size\": \"16px\",\n        \"--framer-text-alignment\": \"start\",\n        \"--framer-text-color\": \"rgb(98, 97, 92)\",\n        \"--framer-text-transform\": \"none\"\n      },\n      children: [/*#__PURE__*/_jsx(\"li\", {\n        \"data-preset-tag\": \"p\",\n        style: {\n          \"--framer-font-size\": \"16px\"\n        },\n        children: /*#__PURE__*/_jsx(\"p\", {\n          children: \"Build wealth\"\n        })\n      }), /*#__PURE__*/_jsx(\"li\", {\n        \"data-preset-tag\": \"p\",\n        style: {\n          \"--framer-font-size\": \"16px\"\n        },\n        children: /*#__PURE__*/_jsx(\"p\", {\n          children: \"Invest it in different businesses.\"\n        })\n      }), /*#__PURE__*/_jsx(\"li\", {\n        \"data-preset-tag\": \"p\",\n        style: {\n          \"--framer-font-size\": \"16px\"\n        },\n        children: /*#__PURE__*/_jsx(\"p\", {\n          children: \"Use that money to off-set it.\"\n        })\n      })]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"4)\\xa0 Billionaires exploit certain loop-holes to make more money.\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Let\u2019s take the example of Jared Kushner, the son in law of Donald Trump.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"He goes and buys an entire block of high end properties in New York.\\xa0\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"How does he do it? He buys this on debt.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Since he is extremely rich, the bank will not hesitate to give him money as loan.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Let us assume this debt is 1 billion USD and he has to pay a yearly interest of 60 million USD.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"This interest can now be offset against business revenue.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"If he makes 100 million USD out of his business, but he is paying a loan of 60 million USD, his profit becomes 40 million USD. So, he has to pay tax only on this amount.\\xa0\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"This type of system is rigged because the lower middle class, middle class, even rich people cannot get access to such large hoards of money to exploit tax loopholes.\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"So our goal in life should be to be so rich that banks give us cash literally for free. \uD83D\uDE42\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Watch these macroeconomic videos to understand why due to high inflation the cost of capital is extremely low-\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [/*#__PURE__*/_jsx(Link, {\n        href: \"https://youtube.com/playlist?list=PL2fxME0rbf-2Yu9VJ6wMBX6_BLP9TnoyG\",\n        openInNewTab: false,\n        smoothScroll: false,\n        children: /*#__PURE__*/_jsx(\"a\", {\n          children: \"https://youtube.com/playlist?list=PL2fxME0rbf-2Yu9VJ6wMBX6_BLP9TnoyG\"\n        })\n      }), \"\\xa0\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Whenever the cost of capital is very low, rich people can go and take bulk loans and literally do this exercise and keep on getting richer and richer.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"5) The Scenario in India.\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Now, this is all about American society, do people in India also do this?\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"The answer is yes.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"In India, you have agricultural income. The revenue from agricultural income is not taxed. So if you own 50 hectares of land, and grow potatoes on it, the profit you make will not be taxed.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"A few years back, as funny as it sounds, Amitabh Bachan legally saved taxes by showing himself to be a farmer.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Now, what can you do to save taxes?\"\n      })\n    }), /*#__PURE__*/_jsx(\"ul\", {\n      style: {\n        \"--framer-font-size\": \"16px\",\n        \"--framer-text-alignment\": \"start\",\n        \"--framer-text-color\": \"rgb(98, 97, 92)\",\n        \"--framer-text-transform\": \"none\"\n      },\n      children: /*#__PURE__*/_jsx(\"li\", {\n        \"data-preset-tag\": \"p\",\n        style: {\n          \"--framer-font-size\": \"16px\"\n        },\n        children: /*#__PURE__*/_jsx(\"p\", {\n          children: /*#__PURE__*/_jsx(\"strong\", {\n            children: \"Claim your deductions.\"\n          })\n        })\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Watch YouTube videos to learn which sections you can explore to learn what you one must do to claim deductions.\"\n    }), /*#__PURE__*/_jsx(\"ul\", {\n      style: {\n        \"--framer-font-size\": \"16px\",\n        \"--framer-text-alignment\": \"start\",\n        \"--framer-text-color\": \"rgb(98, 97, 92)\",\n        \"--framer-text-transform\": \"none\"\n      },\n      children: /*#__PURE__*/_jsx(\"li\", {\n        \"data-preset-tag\": \"p\",\n        style: {\n          \"--framer-font-size\": \"16px\"\n        },\n        children: /*#__PURE__*/_jsx(\"p\", {\n          children: /*#__PURE__*/_jsx(\"strong\", {\n            children: \"Loans\"\n          })\n        })\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"If you have taken a house loan, you can off-set that.\\xa0\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"You can off-set some of your taxes by taking an education loan.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Should you be taking a loan? That is a different argument.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"But if you have taken a loan, at least take tax rebates on it.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Also, if you have donated to a non-profit organisation, you can claim tax inputs on that. This can help you save money, even when you are in a job.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"And finally, try to think how you can start a business.\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"It is the most effective way to save taxes.\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Remember, the more you earn, the more power you get to save taxes.\"\n      })\n    })]\n  }),\n  z73Iw8W3B: \"You Should Start a Business. Here\u2019s why.\"\n}, {\n  aRsDZYt0I: addImageAlt({\n    src: \"https://framerusercontent.com/images/UhZRoq9ly7mHlYcZliRB1Pe8Yg.png\",\n    srcSet: \"https://framerusercontent.com/images/UhZRoq9ly7mHlYcZliRB1Pe8Yg.png?scale-down-to=512 512w, https://framerusercontent.com/images/UhZRoq9ly7mHlYcZliRB1Pe8Yg.png?scale-down-to=1024 1024w, https://framerusercontent.com/images/UhZRoq9ly7mHlYcZliRB1Pe8Yg.png 1536w\"\n  }, \"\"),\n  id: \"TdilBYTCq\",\n  LXPPb0mj_: \"why-you-should-love-money\",\n  MJoGirltk: \"2022-03-15T00:00:00.000Z\",\n  xt1rryj9L: /*#__PURE__*/_jsxs(React.Fragment, {\n    children: [/*#__PURE__*/_jsx(\"p\", {\n      children: \"It is 2022. And currently, the money making opportunity in India is huge.Foreign investors are investing heavily in India.In the last 20 years, NIFTY CAGR was roughly 12.5%\\xa0India is growing at a massive rate.With all these positive changes coming in, one can easily grow their wealth at 15% CAGR.Right now, the median age in India is 28 years. If we assume a life expectancy of 70 years, most people have a career of 40 years ahead of them.In these 40 years, you can either choose to be rich or choose to be poor.First, let\u2019s do some basic maths, shall we?If by 30, you\u2019re able to save 1 lakh, by the time you are 35, at 15% CAGR, your 1 lakh will become 2 lakhs.By 40, it will shoot to 4 lakh rupees. And by the time you reach 70, it will sky rocket to 256 lakhs!\u201CBut, I don\u2019t bother about making money. It does not interest me. I feel it is a taboo topic.\u201DWhat you need to understand here is that you become rich or poor in relative terms, not absolute terms.Back in the 1960s India did not have a lot of crorepatis. But now, we do have a decent number of millionaires, and this number is only going to rise in the future.This does not imply that you too must strive to become a multi billionaire, but you should learn about investing, and speak openly about money.If you don\u2019t do so, everyone else will be making money except you, and you will become poorer in relative terms.Let us explore some points, to understand why money making is crucial and how to ease yourself into falling in love with it.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"1) Get comfortable with the concept of money-making.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"It is not uncommon that you hop onto LinkedIn and find several \u201Cnext gen start-ups\u201D looking to hire interns.When the intern asks how much they\u2019ll be paid, the company just shrugs it off.Do not hesitate to ask to be paid when working for someone else.A lot of YouTubers also play the trumpet saying that they don\u2019t run promotional ads or do sponsorships.They believe that by not making money out of promos, sponsorships or brand endorsements they are being saintly.\\xa0But the point is, they do make money out of YouTube in some way or another. They definitely are not working for free.To speak of matters on the other end of the spectrum, even consumers should stop expecting things for free from someone.Would you as an employee want to work for free for your boss, labelling it as \u2018passion\u2019?No, you wouldn\u2019t.Both, as a consumer and as an employee you should not be expecting or accepting things for free.Let us understand why exactly is the free economy bad.This can be answered in one simple sentence.In order to generate free stuff, you have to create wealth first.\\xa0\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"2) Think of it from a Capitalism and Communist model.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"In capitalism, by the free market principle, businesses are generating value and becoming richer, without government intervention.On the other hand,\\xa0Communism = common ownership of goods.The government decides whom to give what as per their needs.Why do you think Communism fell in the USSR?In order to even run a Communist model, you need to generate wealth first.And to generate that wealth, people need some incentive to learn skills and work harder.So far, only the Capitalism system has been able to generate this sort of incentive.Capitalism is not perfect, but compared to other economic structures, it has worked best until now.Let us take a more tangible example of why Communism does not work.It is called the Tragedy of the Commons.There is a very old, broken bench in the park. Every single day it goes unnoticed. Will you go out of your way to repair it?You obviously will not because there is no direct incentive for you to do so.Unless the Government collects money from the people and gets it fixed, the broken bench will, well, remain broken.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"3) Understand the concept of Capitalism better.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"A lot of people believe capitalism = aggregation of capital.This definition associates capitalism with a lot of negativity.Students hardly speak about money making in school or college.If a youngster has a parallel source of income, people envy it or think of it as hoarding money.Here is a better way to look at it.\\xa0In order to make more money, you need to be super skilled.And even after being super-skilled, you constantly have to mould yourself to changing times to continue making money.Hence, capitalism is actually not an aggregation of money, but rather an aggregation of your skills, hard work, efforts and other factors.\\xa0Money is just an outcome.If we are more respectful towards people\u2019s hard work, effort and pressure to make money, probably our conversations around money making will be healthier.To summarise:Good Capitalism = Making money by genuinely working hard and adding value to other people\u2019s lives.Bad Capitalism = Tricking people in order to make money/making money in unfair ways.Lastly,\\xa0\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"4) Money making is not evil.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Quite often when we see someone else make a lot of money, it incites envy in us.This in turn might clout our judgement and will only hurt us more than anyone else.We might miss upon crucial observations like-What kind of business strategies is that person implementing to make money?\\xa0How are they so efficient?\\xa0What time saving strategies or productivity tricks do they implement?It is important that we simply learn from other people. Learn to extract value from them.By criticising them, or hating them, we won\u2019t be doing any good to ourselves. They will continue minting money, oblivious to our opinions.We are put on this earth not to criticise other people but to build a life for ourselves which is full and healthy \uD83D\uDE42\"\n    })]\n  }),\n  z73Iw8W3B: \"Here's why you should Love Money\"\n}, {\n  aRsDZYt0I: addImageAlt({\n    src: \"https://framerusercontent.com/images/s2El6gT4vfz5JxGXxwCgMtzrE.png\",\n    srcSet: \"https://framerusercontent.com/images/s2El6gT4vfz5JxGXxwCgMtzrE.png?scale-down-to=512 512w, https://framerusercontent.com/images/s2El6gT4vfz5JxGXxwCgMtzrE.png 600w\"\n  }, \"\"),\n  id: \"ZeQqHOIjs\",\n  LXPPb0mj_: \"8-income-streams-to-help-you-make-more-money\",\n  MJoGirltk: \"2022-02-06T00:00:00.000Z\",\n  xt1rryj9L: /*#__PURE__*/_jsxs(React.Fragment, {\n    children: [/*#__PURE__*/_jsxs(\"p\", {\n      children: [\"In today\u2019s article, we will learn about \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"8 passive income \"\n      }), \"stream options.\\xa0\"]\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"We will also try to understand\", /*#__PURE__*/_jsx(\"strong\", {\n        children: \" how difficult\"\n      }), \" it is to build each of these streams and what are some \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"key points you should keep\"\n      }), \" in mind while executing each of these options.\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Each of these options can easily fetch you 10K per month if you put in the effort.\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"Before we deep dive into these options, let us first understand what \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"passive income\"\n      }), \" means.\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"We often assume that passive income means to make money in our sleep, i.e. we have created a system which generates money for us every single month.\\xa0\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Now, this might be true in some cases. An example could be- you have rented your property. In this scenario, you don\u2019t have to actively work to make money, maybe except remind your tenant that their rent is due. \uD83D\uDE42\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"A more sensible definition of passive income would be to create a process/system where you do not have to actively invest your time to earn money.\"\n      })\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"Another definition could be to \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"create a system where you are exchanging value for money. \"\n      }), \"An example here could be to create a course. You could teach a skill you are exceptionally good at to other folks.\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Now, here are the 8 passive income stream options:\"\n    }), /*#__PURE__*/_jsx(\"h5\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"1. Stock market investing\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"So, how do you make passive income from the stock market?\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"You invest a certain amount of money, and there is an appreciation of the stock that takes place. This is the first way.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"The second way is through dividends. Companies like ITC, HUL, Nestle pay dividends from time to time, so this can become a sustainable cash flow income for you.\\xa0\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Stock market is a mechanism where you decide how much time you want to invest into it.\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"However for people like us, who are retail investors, the aim should be to become a long time investor and to not end up trading our active time for money.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"To make stock market investing a passive source of income, become an investor and not a trader.\"\n      })\n    }), /*#__PURE__*/_jsx(\"h5\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"2. YouTube\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"You can make money through YouTube by 3 ways:\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"i. Adsense revenue\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Usually you are shown ads just before YT videos. These ads generate an income for the creators.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"But this feature gets activated only when you, as a creator, have at least 4000 watch hours and 1000 subscribers.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"ii. Brand sponsorships\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"A baseline number of subscribers to get brand deals would be somewhere around 20-25K subscribers.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"iii. Selling digital products or community memberships\"\n      })\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"Some\", /*#__PURE__*/_jsx(\"strong\", {\n        children: \" key tips\"\n      }), \" to start a YT channel:\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"i. Pick a niche you are extremely, extremely passionate about.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"ii. You might get next to nil traction in the first few months of your YouTube journey. If you do not enjoy the process, you will have an extremely hard time to build this source of income.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"iii. You can first start making reels on IG, and then eventually shift to YT. This way you will understand the process of making videos. And, it is easier to make shorter videos compared to longer videos.\"\n    }), /*#__PURE__*/_jsx(\"h5\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"3. Selling digital products\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"In this case, you need to think about the value add approach. If you are selling your course at Rs. 10K, but the audience does not seem to find it worth its price, you might want to consider repricing the course.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"A simple\\xa0 mathematical equation you must keep in mind is\\xa0\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"Price x Quantity = Money you make\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"If you want to make 10K through your digital product, and if it is priced at 500, you will have to sell it to at least 20 people. On the other hand if it is 10K, you have to sell it to only 1 person.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"A problem that you might face is distribution of your digital product.\\xa0\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"If you do not have a long standing social media presence on platforms like LinkedIn, IG or YT, your courses might not be that easily discovered and might not get a lot of traction. In such a scenario you will have to look for alternative marketing methods.\"\n    }), /*#__PURE__*/_jsx(\"h5\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"4. NFTs\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Of course, for retail investors, creating and monetising an NFT is not an easy task, but this is an option that will become more popular as the world grows.\"\n    }), /*#__PURE__*/_jsx(\"h5\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"5. Writing books\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"You make passive income from books through royalties. You make roughly 10-20% royalty for every book that you sell. This is because the distributors and publishers take a lot of commission.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"In India, making 10K per month through a book can be a difficult task. But if you market your book well and everyone is talking about it, and it genuinely is a good book, it definitely can be a good source of passive income.\"\n    }), /*#__PURE__*/_jsx(\"h5\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"6. Podcasts\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Starting a podcast is super easy. All you need is a mic, and you\u2019re done. You can use Anchor to start your podcast.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"You can make money through podcasts by getting sponsorships. It can be quite difficult for newcomers to monetize their podcasts.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"You\u2019d require a minimum of 1500 downloads to be eligible for a sponsorship.\"\n    }), /*#__PURE__*/_jsx(\"h5\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"7. Paid memberships\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"If you are exceptionally good at writing you can create your weekly newsletter and then eventually ask people to support you on platforms like Patreon, where you can create exclusive content just for paid subscribers.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"This can be a hard way to earn passive income, especially in a country like India, where people are not very willing to pay for content.\"\n    }), /*#__PURE__*/_jsx(\"h5\", {\n      children: /*#__PURE__*/_jsx(\"strong\", {\n        children: \"8. Angel investing\"\n      })\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"This is a slightly more advanced stream of income.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"It might not necessarily be a passive source of income for often the founders seek support from the investors.\"\n    }), /*#__PURE__*/_jsxs(\"p\", {\n      children: [\"To be an angel investor, you must know about businesses. You should have experience in building your own businesses and you must also be aware of the value \", /*#__PURE__*/_jsx(\"strong\", {\n        children: \"you\"\n      }), \" can add to the business.\"]\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Currently, start-ups are very interested in getting good people on board who can help them accelerate their growth.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"If you as a retail investor are interested in investing in start-ups, you can explore platforms like Angel Investing Network.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"But again, this can be super risky as the majority of start-ups fail.\"\n    }), /*#__PURE__*/_jsx(\"p\", {\n      children: \"Now, these are the 8 passive income streams that can help you generate a cash flow. 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