Ten Years of Mutual Fund Investing: My Journey and lessons learned

00:21:33
https://www.youtube.com/watch?v=K8qhg1Tkf-M

Summary

TLDRThe video encapsulates a decade of lessons learned by the speaker in mutual fund investing, emphasizing the importance of discipline, avoiding daily market anxiety, and understanding financial planning. From a challenging start of a negative net worth due to personal circumstances, the speaker developed a robust understanding of money management and compounding, which led to significant portfolio growth over time. The speaker stresses that investors should focus on their long-term goals, resist overanalyzing market movements, and promote emotional detachment from their investments. Furthermore, a balanced approach to spending and saving is highlighted as crucial for achieving financial independence.

Takeaways

  • 💡 Discipline is key to successful investing.
  • 📈 Focus on long-term goals rather than daily market fluctuations.
  • 🚫 Limit exposure to financial social media to avoid information overload.
  • 📊 Concentrate on overall portfolio return, not individual funds.
  • 💰 Balance spending and investing to ensure financial growth.
  • 🛑 Avoid emotional attachment to investments to make better decisions.
  • 📅 Review your portfolio annually instead of daily.
  • 📉 Invest more during market downturns and resist panic selling.
  • 🤝 Share knowledge with others rather than getting caught in financial drama.
  • 🌱 Understand the impact of compounding over the long term.

Timeline

  • 00:00:00 - 00:05:00

    In June 2008, Freewill Gal began her journey into investing, ultimately reflecting on a significant personal growth story over ten years. Despite a challenging start with negative net worth, she emphasizes the importance of discipline in investing and not frequently obsessing over portfolio fluctuations. Her story serves as motivation, showcasing multiple paths to financial success, focusing particularly on personal learnings rather than prescriptive advice.

  • 00:05:00 - 00:10:00

    Gal recounts her initial exposure to money management after her father's passing and her mother’s health issues, which prompted her to educate herself on financial planning and retirement. She started investing in mutual funds without prior knowledge and slowly gained an understanding of various financial concepts, ultimately developing her own retirement calculators and strategies to manage unexpected expenses.

  • 00:10:00 - 00:15:00

    The video outlines her investment strategy over the years, including regular contributions to mutual funds. Gal highlights the importance of staying emotionally detached during market fluctuations and shares how her consistent investments led to significant financial growth over time. She notes that the true power of compounding revealed itself amidst regular investment contributions during market lows, contrasting initial stagnation with later surges in portfolio value.

  • 00:15:00 - 00:21:33

    Finally, Gal urges prospective investors to establish clear financial goals, resist emotional reactions to market changes, and avoid excessive information overload from financial news. She emphasizes the need for a balanced approach to managing expenses, suggesting that maintaining necessary expenses post-retirement is crucial for long-term financial independence, and encourages turning attention away from day-to-day fluctuations to focus on long-term investment strategies.

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Mind Map

Video Q&A

  • What was the speaker's net worth ten years ago?

    The speaker's net worth was negative ten years ago.

  • What is one key quality the speaker attributes to their investment success?

    The speaker attributes their success to discipline in investing regularly.

  • How often did the speaker check their portfolio?

    The speaker did not check their portfolio every day.

  • What important lesson regarding market performance did the speaker mention?

    The speaker advised to invest more during downturns without panic.

  • Why does the speaker recommend reducing exposure to financial social media?

    To avoid information overload and distractions that can lead to emotional investing.

  • What should investors focus on instead of individual fund performance?

    Investors should focus on the overall portfolio return.

  • What balance does the speaker suggest between spending and investing?

    Invest as much as possible without letting expenses rise proportionately with income.

  • What does the speaker imply about emotional attachment to investments?

    Emotional attachment can hinder good financial decisions; it's important to detach from individual fund performance.

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Subtitles
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  • 00:00:00
    - freewill gal and these are my lessons
  • 00:00:03
    from ten years of investing in mutual
  • 00:00:06
    funds I started in June 2008
  • 00:00:10
    so I completed 10 years last you but
  • 00:00:14
    I've been you know doing videos of my
  • 00:00:18
    past post so this is a video version of
  • 00:00:22
    that post I did not realize when I was
  • 00:00:24
    making this video that there's 10 year
  • 00:00:26
    challenge going on it's not exactly a 10
  • 00:00:28
    year challenge but well or 10 years ago
  • 00:00:31
    my my net worth was negative I had some
  • 00:00:36
    debt now it's not so bad so that sense
  • 00:00:39
    yeah things are good so let's get
  • 00:00:42
    started this is this is a personal the
  • 00:00:46
    lessons of personal right I'm not trying
  • 00:00:48
    to say you know this is the way you
  • 00:00:49
    should do things and know if you do not
  • 00:00:53
    do it like this you will not make wealth
  • 00:00:54
    and so now the front to go from point A
  • 00:00:57
    to point B they're like a million ways
  • 00:00:58
    and I especially respect the money
  • 00:01:00
    management this is just one way and I
  • 00:01:04
    think most of my success if I can call
  • 00:01:09
    myself as a successful investor which is
  • 00:01:12
    debatable is because of only two reasons
  • 00:01:16
    one is I had discipline to keep
  • 00:01:20
    investing and investing more and more as
  • 00:01:22
    I'll show you and I did not check my
  • 00:01:25
    portfolio every day I did not worry
  • 00:01:27
    about what's gonna happen much can
  • 00:01:29
    happen like people are going around
  • 00:01:33
    these days I didn't do that that's
  • 00:01:37
    essentially how it grew it's got nothing
  • 00:01:38
    in the intelligence is got nothing to do
  • 00:01:40
    with my data analytical skills
  • 00:01:43
    absolutely nothing I mean those are all
  • 00:01:45
    things that I do for fun and learning
  • 00:01:46
    and perception of risk and reward so
  • 00:01:51
    let's get started so it all started in
  • 00:01:55
    late 2007 I think oh that's when we
  • 00:01:59
    started the give me more about money
  • 00:02:00
    management because it's gonna happen
  • 00:02:02
    time I had joined the enemy Drazen na
  • 00:02:06
    2006 August of 2006 but that time my
  • 00:02:10
    father was pretty six taken care of
  • 00:02:13
    and there I did not have any 93 court
  • 00:02:16
    money so it was later 2007 my father had
  • 00:02:20
    passed away then my mother was diagnosed
  • 00:02:22
    with Parkinson and one life is scared it
  • 00:02:24
    sucks I fell into more so that's when I
  • 00:02:25
    got started thinking about money
  • 00:02:27
    seriously and then I started reading
  • 00:02:31
    more about managing money better because
  • 00:02:34
    I had got gotten into dead father's
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    position I told myself that I should not
  • 00:02:41
    get into debt in future I did not mean a
  • 00:02:43
    position where suddenly I get a
  • 00:02:46
    unexpected expense then I go to have
  • 00:02:49
    money for it which means that I should
  • 00:02:50
    also plan for my expected expenses so
  • 00:02:53
    that's one extravagant leaning more
  • 00:02:54
    about retirement planning and made my
  • 00:02:57
    own calculators and started reading the
  • 00:02:59
    bogans in importance of inflation the
  • 00:03:01
    need for a quickie to beat inflation
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    that's one so I had a my father had a
  • 00:03:07
    health insurance agent he's one who got
  • 00:03:10
    me my teeth insurance for he is still my
  • 00:03:12
    teacher so I asked him about mutual
  • 00:03:15
    funds I didn't know anything about it
  • 00:03:16
    practically zero for it comes in terms
  • 00:03:19
    of the 10-year challenge that was zero
  • 00:03:21
    in mutual funds as well so I asked him
  • 00:03:23
    about that and he suggested the syndrome
  • 00:03:25
    back saver dividend option I did not
  • 00:03:27
    even know what is a different thing to
  • 00:03:28
    induction but that's what he suggested
  • 00:03:32
    and that was my first mutual fund and I
  • 00:03:37
    think in late 2009 or so the entry the
  • 00:03:42
    entry load that was removed that is when
  • 00:03:44
    you say we the MCS will detect a small
  • 00:03:48
    entry load from your investment before
  • 00:03:50
    the nested into that entry load is
  • 00:03:54
    removed then I think maybe distribute
  • 00:03:56
    the stock that they will not make any
  • 00:03:57
    more money they do not understand how
  • 00:03:59
    the Commission works its numeracy and I
  • 00:04:02
    I want the who start another at psyche
  • 00:04:04
    or I want to start more put more money
  • 00:04:05
    each at once I ask that that guy and he
  • 00:04:08
    said the moment is coming to give us
  • 00:04:10
    help you start a message they're not
  • 00:04:12
    interested because of this entry okay so
  • 00:04:14
    then we thought well okay so if I want
  • 00:04:17
    to start our investment into a mutual
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    fund running for office one of the HDFC
  • 00:04:22
    which are finite gypsy fugitives ICAC
  • 00:04:24
    and so all these guys were very close to
  • 00:04:26
    my house
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    just like walking distance way so it is
  • 00:04:30
    finder and I was over that mutual fund
  • 00:04:33
    investor 2010 issue of so that's when
  • 00:04:37
    this and the online portal starting with
  • 00:04:39
    one so that that is actually ten years
  • 00:04:43
    old and still there are many of these
  • 00:04:44
    portals require not in any way that's a
  • 00:04:46
    different story
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    so uh so I was like oh I started now
  • 00:04:50
    investing directly huge offender for
  • 00:04:54
    those are still continuing the same
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    thing and so that's so essentially how
  • 00:05:00
    my journey started I did not know
  • 00:05:02
    anything then I started learning then I
  • 00:05:04
    started learning about returns when I
  • 00:05:06
    started doing the calculators I I made
  • 00:05:09
    my made my first retirement calculator
  • 00:05:12
    and I send it to his Dominion hominid
  • 00:05:15
    tiny he had a look and I said I told
  • 00:05:18
    Luke the number so I entered my numbers
  • 00:05:21
    on either of my numbers and that's the
  • 00:05:22
    part of a need for retirement but in
  • 00:05:23
    filling too much it's something that I
  • 00:05:26
    cannot man again we said no the numbers
  • 00:05:27
    are fine so I realized ok so that's it
  • 00:05:31
    so these numbers are right which means
  • 00:05:32
    the math I've done is correct I mean the
  • 00:05:34
    formula I've used is correct and which
  • 00:05:37
    means I mean you're starting mistake
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    this is gonna be my target I don't
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    remember the target obviously because
  • 00:05:43
    probably if you suppose this is going to
  • 00:05:47
    be my target and I need to start
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    cracking you know punch in more money
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    means what so that's when I started
  • 00:05:53
    listing more and more more more MORE I
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    three think and also started I'll talk
  • 00:06:00
    about that later of hopeful evening
  • 00:06:02
    comes back end of that journey panel so
  • 00:06:07
    that's essentially it and here we are
  • 00:06:09
    so this is I this graph little bit but
  • 00:06:12
    still makes sense this is my total
  • 00:06:14
    investment that's the yellow line the
  • 00:06:16
    portfolio value this is normalized so
  • 00:06:19
    those numbers don't in the y-axis don't
  • 00:06:21
    make any sense this normalize with
  • 00:06:22
    respect to one so put one here I write
  • 00:06:25
    at the starting point and that's nifty
  • 00:06:27
    next fifty plotted as a comparison this
  • 00:06:32
    was plotted a few months ago before the
  • 00:06:34
    market spell if you I have another post
  • 00:06:36
    there there's a recent graph first shown
  • 00:06:38
    there the nicotine X of T has fallen
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    below
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    for the value so don't make any hasty
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    conclusions a new clean exit is
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    background swamp
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    look how volatile you they go - that's
  • 00:06:46
    my portfolio a growth and if you look at
  • 00:06:49
    the gain and loss and I prefer you
  • 00:06:51
    notice that it's nothing it's the first
  • 00:06:52
    five years is zero nothing basic easy
  • 00:06:56
    mean I attribute this period where I did
  • 00:07:01
    not look at the right then you look at
  • 00:07:04
    it occasionally I knew my portfolio
  • 00:07:05
    wasn't right but it did not do anything
  • 00:07:07
    about it other than you missed more I
  • 00:07:09
    think that is the reason why the wells
  • 00:07:12
    grew and I could become financially
  • 00:07:13
    anybody otherwise it's a great skill and
  • 00:07:19
    understanding market Tecna a picnic and
  • 00:07:21
    visa nothing is a sheer dumb luck that's
  • 00:07:24
    all so the reason the wealth build
  • 00:07:28
    notice that the gain was practically
  • 00:07:30
    zero and then it shot up all night cuz
  • 00:07:32
    it fell up and that's naturally that is
  • 00:07:35
    equally but look at know the flip from
  • 00:07:38
    zero it just loomed up to five rates
  • 00:07:41
    it's under surrounded and down to the
  • 00:07:43
    game and that is key the reason it's key
  • 00:07:46
    for me is because during that period I
  • 00:07:49
    had basically dumped in more and more
  • 00:07:52
    money because I was doing these
  • 00:07:53
    retirement calculations I understood oh
  • 00:07:55
    my god I can't handle my retirement
  • 00:07:59
    because the investor is investment
  • 00:08:05
    correspond I see people get emotional
  • 00:08:07
    about their home people get emotional
  • 00:08:08
    about the other things know buying a car
  • 00:08:11
    it's all import form for me I have seen
  • 00:08:12
    that I knew that oh my god I cannot read
  • 00:08:16
    that again it's so housing mostly so I
  • 00:08:19
    had to for if I'm not going to become
  • 00:08:21
    financially independent by the time I
  • 00:08:22
    retire then what's the time the running
  • 00:08:25
    so I had to put more and more money into
  • 00:08:27
    return so I was S&T emotionally attached
  • 00:08:31
    to retirement that was that is the drive
  • 00:08:35
    behind with all of this it's not the
  • 00:08:37
    math it's not the numbers of the
  • 00:08:38
    emotions I just I was scared about
  • 00:08:41
    not being financially dependent upon
  • 00:08:45
    that so during this period then the
  • 00:08:48
    gains are basically zero from 2009
  • 00:08:53
    those are 10 the amount that could then
  • 00:08:56
    actually grew by up to 30% and from 2010
  • 00:08:59
    to 2011 it grew by another almost to 40
  • 00:09:02
    percent and so on another 104 succeed
  • 00:09:05
    dumping money into the equity markets
  • 00:09:07
    doing the same and the way the game move
  • 00:09:09
    and when the market moved up then
  • 00:09:11
    Narendra Modi was analysis Prime
  • 00:09:13
    Minister I'm not saying it's there's a
  • 00:09:15
    correlation but when the market moved up
  • 00:09:17
    around that fine essentially all the
  • 00:09:20
    money that was put in transformed into
  • 00:09:23
    games and that's when the the so called
  • 00:09:26
    the power of compounding there's no
  • 00:09:28
    power of component nonlinear that is the
  • 00:09:30
    so-called power of compounding happened
  • 00:09:32
    in in my situation so that's the reason
  • 00:09:34
    why I keep saying oh well I talked for
  • 00:09:36
    your lessons well then thinks the
  • 00:09:38
    sideways market right now you have a
  • 00:09:39
    sideways market downturn come jump in if
  • 00:09:42
    you do not read the money for the next
  • 00:09:45
    ten years 15 expected so the lessons
  • 00:09:50
    first of all stop thinking about money
  • 00:09:53
    on thing I think you should identify
  • 00:09:56
    your goal lowest have system do not look
  • 00:10:00
    at it until it's fine for your annual
  • 00:10:02
    review maybe in the summer maybe summer
  • 00:10:05
    they'll get a like go do something else
  • 00:10:08
    other than money that's most importantly
  • 00:10:10
    because time is more important language
  • 00:10:12
    the real wealth and he's not money's for
  • 00:10:14
    spending fine is to be spent in the
  • 00:10:18
    right way the second is precious get rid
  • 00:10:23
    of all these financial contacts some
  • 00:10:26
    whatsapp Twitter Facebook get out of all
  • 00:10:29
    these groups don't watch my channel I am
  • 00:10:38
    doing it because it's my hobby but you
  • 00:10:40
    don't need to do it once you have your
  • 00:10:43
    money management in place to actually
  • 00:10:45
    all of them ask somebody some of your
  • 00:10:48
    colleagues and friends who need the help
  • 00:10:49
    to show them or write them to this
  • 00:10:51
    YouTube channel
  • 00:10:52
    want them to freaking cancer you do you
  • 00:10:55
    go do something else
  • 00:10:56
    your job is done thank you I don't want
  • 00:10:58
    you to do that I mean I have to be
  • 00:11:01
    responsible be right please recognize if
  • 00:11:04
    you want to be a successful investor
  • 00:11:06
    you must be able to process information
  • 00:11:09
    and I have the most efficient method to
  • 00:11:13
    process information I avoided
  • 00:11:16
    information so there's no way to there's
  • 00:11:19
    no need to process it just like I mean
  • 00:11:20
    people actually who you man it's fine I
  • 00:11:22
    don't like I manage time by saying no
  • 00:11:24
    that's it don't do so don't do what work
  • 00:11:27
    you don't have no more text angry you
  • 00:11:30
    must have time to manage it if you have
  • 00:11:32
    too much ones you won't have time so
  • 00:11:33
    same thing get out stay out of all this
  • 00:11:37
    information going on and information
  • 00:11:39
    types
  • 00:11:39
    I keep seeing them in this like your
  • 00:11:43
    rear end is on fire I did I did I looked
  • 00:11:46
    at those numbers on Excel I is really
  • 00:11:49
    scared and told you I was emotional
  • 00:11:51
    about it because I had gone through that
  • 00:11:53
    that I didn't want to be dependent on
  • 00:11:54
    then then there's a huge expense in my
  • 00:11:57
    life and somebody else is going to come
  • 00:11:59
    on baby
  • 00:12:00
    Oh what is the use of be calling myself
  • 00:12:04
    a PhD in physics what is the use of
  • 00:12:07
    working you know the institution getting
  • 00:12:10
    a fax and if you can't manage your
  • 00:12:11
    expenses what is the using body
  • 00:12:13
    emotional about your future bones and
  • 00:12:16
    you miss like your ass is on fire
  • 00:12:19
    otherwise life like the fee if you do
  • 00:12:22
    not do it like to light it up we
  • 00:12:24
    guaranteed about that pretty
  • 00:12:27
    so essentially one exit earlier if you
  • 00:12:29
    see the sideways market jump in money if
  • 00:12:31
    you do not need the money for us don't
  • 00:12:33
    know otherwise know these sitting means
  • 00:12:37
    all these in % c ax ir r CH g are 20%
  • 00:12:40
    debt with it how emotional yes some real
  • 00:12:43
    money
  • 00:12:44
    hey I mean as a single crash that's it
  • 00:12:47
    two more of the market crisis here the
  • 00:12:49
    holdings are gone by half
  • 00:12:50
    40% 50% 60% whatever this is saying that
  • 00:12:53
    mountain is out they can climb the
  • 00:12:55
    mountain only in the mountains one even
  • 00:12:57
    the mountain let's thumping markets are
  • 00:13:00
    essentially the same it's like a
  • 00:13:01
    mountain in that sense building with
  • 00:13:03
    risk
  • 00:13:05
    remember notional losses real losses
  • 00:13:09
    national games are normal keep there
  • 00:13:13
    anything that's that's the mantra of
  • 00:13:15
    risk management notional losses are real
  • 00:13:18
    losses most
  • 00:13:19
    so don't get worked up up of your games
  • 00:13:22
    it won't ever forget losses and have a
  • 00:13:24
    system to manage your versatility there
  • 00:13:26
    are other videos and posts on how the
  • 00:13:28
    manatees people keep complain you are
  • 00:13:30
    always talking about problems you're
  • 00:13:33
    always being negative well I have I am
  • 00:13:36
    giving you the solutions I cannot talk
  • 00:13:37
    about the solutions in a free video
  • 00:13:39
    Connect that was such so learn to lose
  • 00:13:46
    lacks get into that mentality am saying
  • 00:13:49
    okay I'm gonna lose lakhs every day in
  • 00:13:53
    the storm
  • 00:13:54
    that's going to be mine it's a little
  • 00:13:57
    contour and because I mean it's
  • 00:13:59
    contradictory to what I just said
  • 00:14:01
    earlier but you need a certain attitude
  • 00:14:03
    to make money in the market I've seen in
  • 00:14:05
    my portfolio these tens of go feeds
  • 00:14:06
    hundreds of thousands of these it keeps
  • 00:14:08
    going it's people but as you go and it
  • 00:14:11
    goes on how using thousands every day to
  • 00:14:14
    losing lakhs every day your attitude
  • 00:14:16
    toward this changes completely different
  • 00:14:21
    person but you must have that what I'm
  • 00:14:23
    trying to say is I'm not saying it's
  • 00:14:25
    okay to lose lakhs I'm saying getting to
  • 00:14:29
    the stage where you are using lakhs and
  • 00:14:31
    then you can handle how to manage the
  • 00:14:33
    scale at that position you must must
  • 00:14:35
    have it
  • 00:14:36
    it looks like a attitude is like saying
  • 00:14:39
    I'm not going to give you a example you
  • 00:14:43
    must say Campbell oh I'm not gonna play
  • 00:14:45
    Street critical my life I wanna play in
  • 00:14:47
    the weeds then I wanna play for the
  • 00:14:49
    country he must have iron higher goals
  • 00:14:51
    and a nice goal in equity investing is
  • 00:14:54
    to want to move the game in lakhs if you
  • 00:14:57
    do which means you can imagine out your
  • 00:14:59
    total portfolio baby I'm not saying
  • 00:15:03
    that's my trophy yes it is honey don't
  • 00:15:05
    make inferences money is slow oh my god
  • 00:15:10
    this is money is like a drug the more
  • 00:15:13
    you have the more you just this makes
  • 00:15:16
    you wanna have more set of people it's
  • 00:15:17
    like a gold even more so you got to stop
  • 00:15:19
    and say no that's fine this man shootin
  • 00:15:23
    is enough for me I don't need to for
  • 00:15:26
    those futures and options I don't need
  • 00:15:29
    to look for an AMC I don't need to
  • 00:15:31
    diversify in other things
  • 00:15:33
    I don't need to do gymnastics busy
  • 00:15:34
    enough I'm gonna hold on to this I'm
  • 00:15:37
    going to give away money I'm gonna give
  • 00:15:40
    more and more I'm going to be generous
  • 00:15:42
    to people who are not as privileged as I
  • 00:15:44
    am that's for sure in spite of all the
  • 00:15:47
    problems that I've had my need my
  • 00:15:49
    existence is completely privileged I'm
  • 00:15:52
    going to give more and more of it so
  • 00:15:53
    that makes me that justifies my my my
  • 00:15:58
    happiness about investing and returns
  • 00:16:00
    and so on in a sense it made I mean it
  • 00:16:02
    was a certain extent it may not be
  • 00:16:04
    it's very arguable well that's it he
  • 00:16:08
    must start thinking like rich people we
  • 00:16:10
    must have a lot of doing long term view
  • 00:16:13
    of life what's gonna happen to my life
  • 00:16:15
    and 1520's I'm going to be on my feet
  • 00:16:18
    everything go that's what I'm gonna be
  • 00:16:21
    worried about this will catch back up
  • 00:16:23
    Jimmy credit card
  • 00:16:26
    think big that's not from which people
  • 00:16:28
    were evil I have a post called wanna get
  • 00:16:31
    rich by yourself or one project I'll
  • 00:16:33
    make a video gotta have a plan to become
  • 00:16:40
    a might be cool but we don't have time
  • 00:16:42
    to save money you get a coupon discount
  • 00:16:45
    coupon along gonna live life like that
  • 00:16:48
    it's a silly oh man come on we graduate
  • 00:16:52
    from that that's for sure I did
  • 00:16:55
    oh we cannot buy stuff with dogs that's
  • 00:17:02
    very important you must have money money
  • 00:17:05
    matters we must invest money having
  • 00:17:07
    enough money is more important than
  • 00:17:09
    getting high returns
  • 00:17:10
    they're not the same I am every month my
  • 00:17:15
    sucking up communist Elizabeth I
  • 00:17:17
    say there are two friends in the office
  • 00:17:18
    and they start investing on the same day
  • 00:17:21
    after 10 years one friend had a angle
  • 00:17:25
    spectrum of fog 18% a friend Ln and E is
  • 00:17:28
    the tone of seventies at least if
  • 00:17:29
    everyone stays the answer is I don't
  • 00:17:33
    know it depends on any mistake that a
  • 00:17:35
    returns don't matter the amount we put
  • 00:17:38
    in matters that's what we've seen in my
  • 00:17:40
    case right so these recognize money is
  • 00:17:44
    but thanks cannot make you reach the
  • 00:17:45
    money and this is probably the most
  • 00:17:50
    important basically if you must take
  • 00:17:53
    away something from this video please
  • 00:17:54
    take this away concentrate on the
  • 00:17:57
    portfolio return do not individual oh
  • 00:18:00
    this fund is not performing well that
  • 00:18:03
    fund is not performing well so they
  • 00:18:04
    change this fun with that friend to
  • 00:18:06
    applaud come do all that as long as
  • 00:18:08
    your portfolio is doing recently fine
  • 00:18:10
    you must of course reviewing funds once
  • 00:18:13
    a year but people could review it every
  • 00:18:16
    week and say however this day I want to
  • 00:18:17
    change into Globo all that focus on the
  • 00:18:19
    phone for you return you then this you
  • 00:18:21
    focus only once again the morning to
  • 00:18:23
    look at your money and follow for the
  • 00:18:27
    rest 364 days two things are necessary
  • 00:18:33
    money and thank you wanna make money
  • 00:18:34
    three things are necessary returns are
  • 00:18:37
    not in our country wait I mean if you if
  • 00:18:42
    you want to be financially free as well
  • 00:18:44
    as soon as possible
  • 00:18:45
    you must must as much as you can and do
  • 00:18:49
    it fast but for all of those who wanted
  • 00:18:51
    just give a normal lights just live a
  • 00:18:54
    normal life
  • 00:18:55
    balance everything balance investing its
  • 00:18:57
    spending you know what can the Abhi's
  • 00:19:03
    and whatever you want to balance
  • 00:19:04
    everything just invest as much as you
  • 00:19:06
    can but have a plan don't you keep
  • 00:19:08
    increasing investment expenses every
  • 00:19:11
    time your expenses grow if you're sorry
  • 00:19:15
    every time your salary moves up if your
  • 00:19:17
    expenses are also moving up I mean you
  • 00:19:20
    are adding your and your expenses
  • 00:19:22
    something strong you will never get rich
  • 00:19:23
    so trust me you will never give have a
  • 00:19:28
    thumb room if we access your quanti
  • 00:19:32
    expenses that will persist in retirement
  • 00:19:35
    that is expenses like food travel
  • 00:19:38
    minimum travel through environment
  • 00:19:40
    expenses that will continue after
  • 00:19:42
    retirement if X is the total amount you
  • 00:19:44
    spend every month for such expenses
  • 00:19:47
    matching for retirement investing at
  • 00:19:51
    least excuse me matches
  • 00:19:53
    otherwise it become a talk about that
  • 00:19:55
    also
  • 00:19:56
    there's a quick video that's not easy
  • 00:20:01
    please get up proper form forget about
  • 00:20:02
    it this is what I said that in the first
  • 00:20:04
    point does it freeze and Cal
  • 00:20:06
    unfortunately is my caviar new thing I'm
  • 00:20:08
    desperately looking for another option I
  • 00:20:10
    want to get out of this building
  • 00:20:13
    I've done it long enough I think but I'm
  • 00:20:15
    not I mean have to be passionate about
  • 00:20:17
    it to me
  • 00:20:17
    so just because I think about investing
  • 00:20:20
    and worry a look at our mutual fund risk
  • 00:20:22
    and so on I don't look just don't assume
  • 00:20:24
    I'm looking at my portfolio daily and
  • 00:20:28
    don't do all that I'm a plan starting
  • 00:20:32
    with things
  • 00:20:33
    forget about it go do something else for
  • 00:20:36
    example I think it if you want a copy
  • 00:20:38
    let's say you're interested in
  • 00:20:40
    photography let's say you're interested
  • 00:20:41
    in power let's say you're interested in
  • 00:20:45
    startups a devoted startups it's not my
  • 00:20:48
    eating I think is fast because you just
  • 00:20:51
    release the tension you just like put
  • 00:20:54
    everything right thousand words a day
  • 00:20:56
    have their know-how me you can make
  • 00:20:57
    money more if you're interested I can
  • 00:20:59
    also make videos on how we make money
  • 00:21:01
    online which itself I know some tricks
  • 00:21:05
    to do it not that I can do some
  • 00:21:07
    something there please always recognize
  • 00:21:10
    every statue is a walk we do not know
  • 00:21:12
    when to stop scuffing it can become our
  • 00:21:14
    off so keep that in mind those are my
  • 00:21:17
    lessons are not trying to brag or
  • 00:21:19
    anything just saying this is what I've
  • 00:21:21
    learned that's my journey please feel
  • 00:21:23
    free to share your lessons comment
  • 00:21:26
    section actually can we
Tags
  • Investing
  • Finance
  • Mutual Funds
  • Personal Finance
  • Discipline
  • Financial Independence
  • Wealth Management
  • Retirement Planning
  • Portfolio Management
  • Emotional Investing