₹1.9 LAKHS PASSIVE INCOME?

"I would keep 22 and a half lakhs in in liquid funds which will take care of one year of rent if at all something goes wrong which is liquid and available for me as a buffer."

"I would use all the remaining amount of money uh to park probably in a in a hybrid fund so if you park let's say 2 CR 85 lakhs in a hybrid fund uh let it Let It Grow for uh 12 months 18 months and not do an S swp before that."

"so hybrid fund is actually a combination of debt and Equity So currently what I'm suggesting is to do a BFF where you leave it to the fund manager to decide how much equity and debt you balance Advantage fund balance Advantage fund so that Equity to debt ratio can keep changing can keep changing based on what the fund manager is thinking right yes so you put 2 CR85 lakhs out of the three and a half CR that you've received uh in two or three balance Advantage fund"

"from that point onwards if you do a 8% a year s swp from that fund yeah you will be able to funatic withdrawal plan mean every month money comes out from the you will be able to fund that 1.9 lakh a month that you require"

"and hopefully these funds will be able to generate 10 11% uh over a longer period of time plus you have liquid cash flows plus you have income right so you will still be able to make 10 11 12% on your 2 two CR or 85 be able to withdraw 8% have liquidity at your disposal"

"and it is growing by 112% but he's removing 8% only 8% so Corpus is also growing Corpus is growing by 4% every year correct"

"the difference between 3 and a half CR and 285 that can be put towards good use to create wealth over a period of of time"

"I would have personally also put some money in some um commercial real estate properties uh so there's something called fractional uh not reats Reits is there but there are also something called fractional real estate Investments fractional ownership yeah I'm aware so you can put like minimum 25 to 50 lakhs and they can give up to 9 to 11% of passive income every year and along with that there is capital appreciation on top of it"

"if I want to create uh 30,000 per month passive income because that is nothing when you go to Germany so what is that logic uh 1.9 lakhs a month passive income so who gave you this brilliant idea"

"they insist on uh you know not working more than 8 hours per day okay and they give you 30 days of holidays mandatory you know every year like you have to take 30 days holiday days and they might introduce 4 day work week"

"a lot of people who currently think that I'm going to go abroad earn money for 5 years and come back none of these guys come back and it's it's very unfortunate I'm not sure if Puja if this relates to you or not but I can tell you once you see the lifestyle there and the work life balance that you were talking about you would not want to come back"

"I would rather uh also suggest you to look at uh an interesting data called the purchasing power parity PPP index which will help you understand that because of the inflation and the currency uh how much are you really making here which is equivalent to what you make abroad"

"let's say if there is somebody who makes a $100,000 in the US right it's equivalent to 24 lakhs in India okay so $100,000 in US is like 80 lakhs over there yes which is equal to 24 lakhs here because of something called as purchasing power parity"

"what your concern should be that after all of your lifestyle and living expenses in Germany are you able to save uh equivalent or more versus you would have done that in India right because a lot of us what we don't understand is you end up doing your grocery there on your own your laundry there on your own which a lot of us here in India are not very accustomed to right so there is a cost that you pay to stay there and if you're not having a a savings rate better than India significantly better than India then it's a wrong choice"

"so suppose if you have 20 lakh rupees right and even if I assume 8% because I'm assuming you would not want to take risk on the 20 lakh rupees and you are able to generate 8% on this 20 lakhs you will still be able to make only 13,000 rupees a month"

"so that 15 lakhs plus the 20 lakh so you have 35 lakhs that you can keep towards a goal of passive income still you will get at 8% 23,000 rupees a month so you account for tax"

"but 30 is far stretched in your case right the best case already FD so at 7% so I would want to optimize the returns"

"I think a small Finance Bank FD can currently make you a 99.1% kind of you can put it in do you have senior citizens in your family Puja yeah my mom she has her own pension so so you can put an FD in a in a small Finance Bank in your mom's name"

"and then if you want to take a little bit more risk you can also consider like nbfcs fds like there is you know SRI Ram transport Finance there is Bajaj Finance you know all top names in the country"

"but you still need to save a little bit more because when you said 30k per month passive income I would say at least you should have 40 lakhs of Corpus to comfortably reach that point post tax right"

"yeah you can teach yoga there to those Germans they will love to learn yoga from Indians cuz like they're like yeah they would they would love that that's why that was my actual plan you know that's why I did the certification"