You CAN grow your wealth! Undoing years of neglect on money and wealth in the Indian education system, Pattu helps you think about money whether you're in your teens, in your twenties, or even planning for retirement. Pattu wants you to enjoy most of your money today, and then shows you ways to ensure that the party never stops! Pattu is fun, approachable, and wears thick gold chains and bling sunglasses as he goes through his day teaching physics and also improving lives through https://freefincal.com/ You can be part of this show too! Follow https://www.instagram.com/ofspin_mediafriends and send in your questions! Let us know if you'd like to be on the show and get your money matters improved by Pattu.
Please click on this link for Pattu's OTR vs NTR comparison calculator: https://freefincal.com/wp-content/uploads/2024/03/FInal-NTR-vs-OTR-1.xlsx On this Episode we cover:- A quick background on this change in tax regime- How the first investment for most people is for tax saving!- Skepticism towards the New Tax regime, and why - Pattu things young earners should select the ___ tax regime- Whether people behind tax saving products are upset- Whether with the NTR, people are not investing right- If there's data about the government collecting lesser or more tax than before- We discuss Pattu's NTR vs OTR calculator - We take you step by step through the different entries and deductions- The different scenarious for switching BETWEEN ntr and otr- A super useful break even chart - find out where you are in this chart, and then switch to the right regime!- How are freelancers / small business owners affected?- Pattu's philosophy on tax ! (something about peanuts)- How do these regimes affect investments?See omnystudio.com/listener for privacy information.
4/14/24 • 30:52
On this Episode we cover: - Are DINKs and SINKs on the rise? - What it is important to accommodate for, for DINKs and SINKs- The Primary difference between those who have kids and those who don't- Is there a tendency to spend more?- Do DINKs and SINKs lack motivation for retirement planning?- Why Pattu thinks DINKs and SINKs need to give back to society (it's not what you think)- How all this also applies to Parents who have kids with special needs- The concept of a LIVING TRUST- Chartered Wealth Managers, and who they're for- Term Insurance for DINKs and SINKs (and singles), and its challenges- For SINK couples, can the earner buy two insurance policies?- Why Insurance is painful for freelancers and no earning- Medical Insurance - How to treat bank accounts for couples- Secondary streams of incomes for DINKS and SINKsSee omnystudio.com/listener for privacy information.
4/6/24 • 32:18
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4/5/24 • 12:27
On this Episode we cover: - Who exactly is this episode for - are you a dreamer?- Pattu talks about a web series and a Jeff Bezos quote- Stock market risks pale in comparison to Career risks - Living a life that is a VERSION of your dream seems to be fine - Why it is so important to take the biggest risks in your 20s! Go for it! - Just like not taking risks in investing, there is a severe risk of not pursuing your dream! - What you need to be very clear about : Whether it is really a dream or a _____- Introspection is so crucial to realising what you really want - Something tangible: a cash flow chart - Insurance - How the greatest inventions, technologies and pieces of art have been created by people who don't plan at all! - The fuel that Pattu's parents gave him - The students that Pattu teaches at IIT - If you see your education as an investment, you will put undue pressure on yourself See omnystudio.com/listener for privacy information.
3/21/24 • 28:35
On this episode Pattu and Sid are joined by Deepak Mistry, an Automobile Industry veteran (currently with Audi India), and we cover: - why Pattu was hesitant about this episode- how Pattu moves around in Chennai !- are Indians buying cars for utiliy or status?- Is it time for India to control the number of cars on our roads?- thumbrules for first time car buyers- Pattu gives us a thumbrule for the value of your car- Deepak counters Pattu's thumbrule !- Pattu gives us a timely reminder about retirement !- EMI thumbrules- Pattu suggests a used car - but Deepak thinks a used car makes sense only if ___- Does a 3 year EMI plan makes sense or a 7 year EMI plan ??- What makes more financial sense - to flip your car within 3 years, or run it into the ground?!- Environmental impact of constant churn of vehicles- How does a first time car buyer select car insurance?- Zero depreciation and is it important?- An approach to maintenance and its costs- In 2024, should you buy an EV or an ICE car?See omnystudio.com/listener for privacy information.
2/25/24 • 39:43
On this episode we cover: - The difference between immediate secondary income, and building for the longterm- Or is there a difference?- Becoming an expert- Should secondary income begin at the start of your career?- The perfect ingredients to begin with - creativity and helping others - What do you do after a long hard day at work, put your feet up and watch netflix?- What do online creators get wrong?- Pattu's thoughts on the ads that say "Join my masterclass!"- How to build long term trust- Is there a process to identifying what I am good at?- Another golden PATTU THUMBRULE!- Being active in your retirement- How branding for your expertise is so important- At the end, the most important thing to building secondary income is being ____See omnystudio.com/listener for privacy information.
2/10/24 • 32:45
On this episode we cover:- How to quickly summarize the interim budget 2024- Whether interest rates will go up- Vignesh's question on probability of equity markets outperforming inflation- Pattu's answer - no idea!- Indian stock market still in it's early days vs US which began in 1870- Analysis of absolute returns and rolling returns on the S&P 500, so it's not rosy there either!- We analyse the Indian stock markets - What is the guarantee bad times will not come - no Guarantee!- Pattu's detailed study on Japan- How household consumption is a good indicator- The potential in India for the next 20-40 years- India's biggest asset- The two challenges facing India- How stock market growth comes at the cost of the environment!- Does investing philosophy change for places that have flat growth?- Emotional intelligence- Information diet and how important it isLink to slides/graphs mentioned in the episode:https://drive.google.com/file/d/1EFccB66MHAUEWj2mP7AvvsR54IBQaAEr/view?usp=sharingSee omnystudio.com/listener for privacy information.
2/4/24 • 35:24
On this episode we cover : Divakar's story and reason for writing in Should one be extra safe after hearing a story like this? Pattu talks about 'clumped' returns We must be ready for losses How inflation could be different for different people (depending on their goals) Laser focus on just one thing: The Corpus Virtual Pattu and Sid vs a Real world example - what truth should Divakar believe Emotional Logic and what it means Go through the pain - Scars tell us that the past was real Pattu's advice for Divakar's friendPattu feels that most index fund investors will never be successful. Find out why! Stop losses, and when they are relevantDoes thinking of the worst case scenario help while investing?See omnystudio.com/listener for privacy information.
1/30/24 • 33:56
On this episode we cover:- Why debt mutual funds are considered safe, because they're definitely not 'fixed income'- If Debt Mutual Funds have a 'sideways market'- What Money Market Funds are- What Arbitrage Funds are- Thumbrules for Recurring Deposits - and when to convert it into an FD- The basics of RBI Retail Direct- How RBI bonds work- What is GDP, and how does it actually affect us- How can a retail investor invest in international markets?- What is frugality really? (and are Pattu and Sid frugal?)- One huge tip for those who are inherently NOT frugal- What is more powerful than a Will or Nominations for your loved ones?- Can every Indian get rich?See omnystudio.com/listener for privacy information.
1/21/24 • 32:34
On this episode we cover:- What to do when you're broke- Mutual Funds have no compounding effect!- How retail investors can buy International Govt. Bonds- Corporate Bonds face value drop and how it affects retail investors like us- If there are ratings for Debt Mutual Funds- How do passively managed Debt Mutual Funds work?- How often do Governments and Corporates offer Bonds, and why?- How does a retail investor invest in junk bonds?- Who is investing in the Argentinian 27% govt bond?- Is it common for a govt to default? and is it a write off?See omnystudio.com/listener for privacy information.
1/14/24 • 22:28
On this episode we cover:- How do Debt Mutual Funds really work?- The Basics of Bond trading- Average Maturity of a Debt Fund- Speculation in the Bond Market- Why a Debt Mutual Fund is a beautiful product- Ratings of Debt Funds, and how they work- The two things to look at for Debt MFs- Pattu's thumb rule for selected a fund for a particular duration- What the average rating of your Debt portfolio should be- Sid asks if Debt Mutual Funds are actually 'Fixed income'- Which Debt Mutual Funds to select for short term goals- Which Debt Mutual Funds to select for > 10 year goals- Do Debt instruments beat inflation? (they are ~50% of our portfolio)- Why bond prices spike when interest rates fallSee omnystudio.com/listener for privacy information.
12/24/23 • 32:39
On this episode we cover: How debt keeps the world alive How it is a simple idea, but how it then gets complicated How debt has invisible risk, while equity is visible risk Why debt is bad for an individual, but not so bad for governments and companies Why Argentina is offering bonds at 26% and India at 7% The amazing National Savings Fund What's better - a 100% debt portfolio or a 100% equity portfolio Sharia Law and Debt Direct Fixed Income instruments available Chit Funds ! Peer to Peer lending Why we need Debt Mutual Funds See omnystudio.com/listener for privacy information.
12/17/23 • 33:59
ON THIS EPISODE WE COVER:- A question on calculators and how to budget for increasing expenses- How to deal with crazy numbers that calculators throw up- Medical insurance for NRIs who will return to India- Is 10,000/- a good room rate sublimit?- How to consolidate Mutual Funds already invested in?- Sid's idea of a COMPLETE portfolio that has just TWO MFs !- Direct equity investing to avoid expense ratio of MFs?- Aggressive Hybrid funds- How to deal with finances of my parents- How did the generations of the past plan for retirement? See omnystudio.com/listener for privacy information.
12/10/23 • 29:20
ON THIS EPISODE WE COVER:- How to quantify investing in your fitness !- Sid asks Pattu to quantify investing in relationships !- Back tests on Gold ETFs- Pattu's views on India's 5-10 year future- User arguments over Fee only RIAs vs %age of profits- How does one remove conflict of interest from MF distributors?- Just like Martin Luther King, Pattu says "I have a dream!"See omnystudio.com/listener for privacy information.
12/3/23 • 27:52
On this Episode we cover:- WHICH of the performing actively managed funds should one select?- Why Pattu is not moving his investments to index funds- How luck has played a part for Pattu- The touchy topic of Fund Managers- How an anonymous financial expert changed Pattu's mind about Factor funds- Phase Difference between the west and India- How from 800 products, Pattu has filtered it down to 10 products- Pattu recounts an old Asterix tale (Mansion of the Gods)- How Mutual Funds make money and Expense Ratios explained- As basic as possible, Pattu lays out taxation for Mutual Funds- NFOs, and who they are for- Pattu says small AUMs for actively managed funds is not a problem- How does one diversify investments out of India?- What's an open ended fund and what is a close ended fund?- Difference between Growth and IDCW options- What are SWPs and STPs? And why you should be careful about them.See omnystudio.com/listener for privacy information.
11/26/23 • 43:59
On this Episode we cover:- How SIPs and XEROX are similar- Before knowing which Mutual Fund to select, what we really need to know- The best products for short term goals- Why Liquid Funds are in the same category as FDs and RDs- Why FDs and RDs are NOT tax efficient. And how they are taxed.- The definition of an 'Equity' fund- The break down of Equity MFs- Why holding ~5% cash for MFs is important- Hybrid Funds and Arbitrage Funds- Why Pattu has used Taxation as a handle to categorise Risk in MFs- Pattu's thoughts on SEBI's risk meters!- How to invest for 'medium term' goals. Go easy.- Pattu delves into actively managed and passively managed funds.- We hear about 'Factor' funds (under passively managed funds)See omnystudio.com/listener for privacy information.
11/19/23 • 37:34
ON THIS EPISODE WE COVER:- Vikram laying out the process he follows- Understanding the Cash Flow of each client- Prioritising when there are too many goals- The Tools that Vikram uses to present and structure a plan- Does this process change for Freelancers?- Vikram tells us what he thinks the real value that a RIA brings to the table is- Pattu tells us what he feels the true value is- How many of Vikram's clients are returning customers? (And is that bad for business?)- How does a client trust enough to share all their financial information?- After a decade of Financial Planning, what advice does Vikram have for YOU?- How Vikram reacts to clients who want F.I.R.E.- Vikram's thoughts on ReBalancing and DeRisking- What is the pressure that an RIA goes through?- After 10 years, what does success look like for an RIA like Vikram- Advice and inspiration for aspiring FEE ONLY RIAs- How can we take financial advice to the masses?See omnystudio.com/listener for privacy information.
11/12/23 • 36:01
ON THIS EPISODE WE COVER:- How this all began in 2014- Vikram's background in Canada with Wealth Management and Financial Planning- If Financial Planning is only for Rich people- The real value that DIY investors get from Vikram- Why RIAs reject some clients- Pattu points out how Doctors and Lawyers are different from a Financial Planner, in the world of Professionals- What FPs do NOT do as part of their service- Pricing for Fee only RIAs- Around 1000 registered RIAs, but how FEE ONLY RIAs are a precious few!- The price range of fee only RIAsSee omnystudio.com/listener for privacy information.
11/5/23 • 39:04
ON THIS EPISODE WE COVER: - Are there ratings of RIAs? How does one select a good one? - Pattu's list of RIAs (16 people) - What is the process to become a SEBI registered RIA - Pattu shares a survey taken of people who use RIAs (link to be shared) - The 2 most important factors for selecting an RIA - Is financial planning for the masses ? - Pattu's advice to those interested in becoming RIAs - When is the right time in your investing journey to reach out to an RIASee omnystudio.com/listener for privacy information.
10/29/23 • 24:43
ON THIS EPISODE WE COVER:- How Pattu got started himself all those years ago- Why some people need a Financial Advisor- A list of players who offer this kind of advice- Insurance agents and how they work- How online content is so important for these players- MF distributors, RIAs and RoboAdvisors - the difference- FInfluencers !- SEBI registered Portfolio Managers- SEBI registered Research Analysts- Unregulated stock tips!- %age of your Assets - a flawed argument?- P.V. Subramanium's analogy!- How AI will change financial planning- Dependency - good or bad?See omnystudio.com/listener for privacy information.
10/22/23 • 29:46
ON THIS EPISODE WE COVER:- A brief history of Pattu's calculators- Please click on these links while you listen!- The first calculator (Cost of Delay): https://investor.sebi.gov.in/calculators/Cost_of_delay_Calculator.html- How monthly expenses in Retirement differ from today's monthly expenses- Yearly expenses in retirement- What rate of inflation to input- The mindset with which you should deal with the corpus that the calculator throws at you- INACTION IS DEADLIER THAN INFLATION- The two things that this calculator DOES NOT take into account- The second calculator (Financial Goal Planner with variable asset allocation)https://investor.sebi.gov.in/calculators/financial_goal_planner.html- What figures to enter for rate of return for Equity and Taxable fixed income as well as Tax free fixed income- How freelancers should hack the calculator- If a retirement planning calculator does not scare you, you're doing something wrong!See omnystudio.com/listener for privacy information.
10/15/23 • 32:07
ON THIS EPISODE WE COVER:- Sid's psychological theory of real money vs unreal (notional) money!- Visual proof that rebalancing works via charts! (click this link to see it yourself while you listen: https://freefincal.com/wp-content/uploads/2021/05/Difference-between-rebalancing-and-not-rebalancing-on-a-Nifty-500-plus-gilt-index-portfolio-for-15-years-with-50-50-allocation.jpg) - AMAR and his life situation, and the problem with ONLY investing in hybrid funds- What are the fixed income product options to carry out rebalancing in an easy way. FDs vs Debt Mutual Funds.- Another pearl of wisdom by Pattu on Risk Appetite- AKBAR and his life situation, and the problem with being too heavily skewed towards Debt- ANTHONY and his life situation at 45 years old. Going all out in Equity is risky.- A listener's question about not rebalancing for the first 15 years- The practical way to invest for separate goals. Separate portfolios?- Pattu on investors who want guarantees at the start of their journey- A high school teacher with a low salary asks Pattu how to investSee omnystudio.com/listener for privacy information.
10/8/23 • 42:55
ON THIS EPISODE WE COVER:- If my Equity has spiked, can I focus on investing in fixed income for a few months to Rebalance?- The Fear of tax during Rebalancing- Why is the threshold for Rebalancing at 5%?- How does one decide WHAT to sell in your Equity portfolio while Rebalancing?- What exactly is DeRisking. - The Three types of DeRisking Tapers- How to keep rebalancing in particular DeRisking 'steps'- Thumbrules for Savings Bank Accounts- If Fixed income corpus is 'good', why not keep investing in Equity without any target allocation?- Why it is so important to 'hug that line'- A recap of the last 2 episodesSee omnystudio.com/listener for privacy information.
10/1/23 • 28:58
ON THIS EPISODE WE COVER: - Why there is little to no content on this topic on the internet- Why this topic is the missing piece to the puzzle- How often one should track their portfolio- What to focus on in your yearly review- SIPs and how they put pressure on your monthly expenses- SIPs and why you could not be investing enough!- How you should MANUALLY push in money and what time of the month- Investing rate (how much you should increase investments YoY)- AGGRESSION, and what type of agression works!- What to do when your asset allocation has changed- The ultimate word in Personal finance: Rebalancing!- The mental shift required to take money out from well performing assets - How many times Pattu has done rebalancing in the last 15 years- Take off the topping of one small slice of cake- 80% of today's capital market investors have never experienced a BEAR market!See omnystudio.com/listener for privacy information.
9/24/23 • 34:40
On this episode we cover:- Plenty of medical insurance questions:a. carry forward/no claim bonues/ group vs indiv policies etc.b. If you have a corporate job, you must get this insurance!c. Pattu tells us which insurance he has, and how much it costsd. Family floater vs Family individual coverse. Waiting periods for new conditions in existing policiesf. Group medical cover for various groups of people - Real Estatea. Should I use my corpus for a down payment or maximise my EMI?b. EMI benchmarks that you should not crossc. Networth should not be touched !- How long should one track monthly expenses for ??What is better - underestimating expenses or overestimating?- A touch life situation of a 29 year old listener of ourswhy term insurance and medical insurance can be deniedhow to invest in this case- How to begin investing late in life ?! (40 years + )Pattu recommends reaching out to a RIA, and how toRegret is a waste of timeHow to gain confidence in this situationHow RIAs charge you over the yearsSee omnystudio.com/listener for privacy information.
9/17/23 • 50:42
On this episode we cover:- mistakes made on planning calculators- Pattu reveals another Golden thumbrule !- Products that Pattu recommends for Parents- Who is Sukanya Samriddhi for? And some details- Investing for marriage of your child- Resposibility towards Undergrad vs Postgrad- Does spending on your kids take precedence over your retirement fund? (And when to say no)- Premium waiver benefit in case of your death- The married women property act of 1874 and how it affects term insurance- What happens to home loans when you die?- Different approaches to beginning investing:a. If your child isn't born yetb. If your child is 3-4 yrs oldc. If your child is already 10-12 +- Pattu's amazing book - Chinchu gets a superpower- At what stage do you let kids control their own money?- Pattu's thoughts on pocket moneySee omnystudio.com/listener for privacy information.
9/10/23 • 42:30
On this episode we cover:- We all need a license to hunt, a license to drive, but no one gives us a license to have kids! (from the movie 9 months)- Does the 'x' that you're putting away for retirement include your child?!- Does 2 kids mean 2x??- Asset allocation for kids- How to calculate a target amount for a child's corpus- How a child's interests greatly affect this target amount- Pattu talks about what artist Jatin Das said about his daughter Nandita Das- 10 Lakh for average college education today, inflating at 10% per year- The Philosophy of how much to provide for your kids, and when to stop- Pattu talks about his parents and get emotionalSee omnystudio.com/listener for privacy information.
9/3/23 • 30:59
On this episode we cover:- How does one balance the pressure to invest for tomorrow and the desire to enjoy today?- Delayed gratification- Once priorities are in place, balance falls into place- What do you really want to do when you are retired? No vague answers please!- The elderly who are active are much healthier than those that aren't!- Sid asks Pattu what he imagines his retirement will be like- Pension plans that you can buy as soon as you retire- RBI bonds and why they work well- The Debt - Equity split for a 25 year old today- Emotional logic ! And how it helps you to look at Equity- What should the Debt - Equity split become at the age of retirement?- Risky investors : ask yourself WHEN you are going to De-Risk ?!- We take a listener's question about investing for their kid's education- To-be parents: Before having a child you should be able to ______ !See omnystudio.com/listener for privacy information.
8/27/23 • 33:53
On this episode we cover:- How do we imagine what our lives will when we are retired? Time for some visualisation- Pattu then dives into the basic How Tos of retirement investing- Retirement is NOT about a pension- Inflation- Sid asks for benchmarks to aim for as a retirement corpus (city wise)- Pattu gives us the formula for investment, and how to execute it TODAY!- But then Sid is not satisfied with it, so Pattu further breaks it down and explains scale, scale for geography and scale for phase of life- Traditional investment calculations have 30 yrs of retirement. What if you outlive that calculation ?! Does the money run out?- Bonus, Pay rise, Change of jobs with higher salary? Time to look at yourself in the mirror!See omnystudio.com/listener for privacy information.
8/20/23 • 32:21
In this episode we cover:- What percentage of investors are women?- Is the MAN the problem in a woman's life? Or the parents?- Pattu's book - Chinchu gets a superpower- Pattu receives an email just before the recording that gives us goose flesh- How taking financial decisions is empowering- How women have to plan for TWO retirements!- Should a woman at 21 and a man at 21 have varying approaches to investments?- Should gold be more of a focus for women? (and how you should enjoy it!)- How to answer a woman who says, "What is wrong if my husband invests my money?"- How women just do NOT find talking about investments to be cool enough- Pattu is hopeful that chauvinism is dying slowlySee omnystudio.com/listener for privacy information.
8/13/23 • 52:03
