How to Get FINANCIAL FREEDOM FAST in India? FIRED Episode 2
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This is the second video of the FIRED YouTube series - Financial Independence and Retire Early with Dividends by Invest Mindset.
The FIRE movement has been in popularity recently. As everyone wants to get rid of money problems early to be financially independent fast. Some people desire financial freedom in their 40s or some people would desire it in their 30s.
In this video, I talk about how to achieve financial freedom in your 20s and very fast. By simply investing a portion of your money using the 4% rule or the safe withdrawal rate strategy for early retirement in India.
Financial freedom requires your money to work for you. So when you're not actively working, your money is passively working for you. In that case, you need to first focus on investing your money where it grows at a faster rate than any other place for the longest period of time.
The 3 most important questions when planning finance, early retirement and while looking for financial freedom is how much money do we really need? How much money makes you rich? The second question is how to earn and save and grow that amount of money? The third question is where to invest that money? Should you invest in stocks? Dividend paying stocks? Index fund, Mutual fund, bank, FD, PPF or some other place?
In this video, I talk about the detailed strategy of achieving financial freedom fast in India through the power of dividends.
The second part of this video will talk about how to save and grow that big amount of money.
