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Paisa Vaisa with Anupam Gupta
Adopting FIRE Model
Dec 11, 2023
Ravi Handa, expert in financial tips and tricks, discusses the adoption of the FIRE model in India and the US, its pros and cons, practical tips for living by it, advice for the new generation, hobbies turned business ventures, and the importance of being skeptical about financial advice.
50:54
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Quick takeaways
- FIRE should be approached as a long-term goal rather than fixating on a specific age to retire, with an emphasis on saving around 50% of income and investing in low-cost index funds.
- In evaluating financial advice, it's important to be skeptical, educate oneself, and critically evaluate influencers' advice by conducting personal research and understanding.
Deep dives
Rural India's Internet Users
By 2020, there were more internet users in rural India than in bigger cities. This new wave of internet users has sparked initiatives that are reshaping their online future by providing opportunities and access. These initiatives are detailed in the podcast, showcasing stories of CEOs and investors who have successfully navigated the smartphone nation. Smartphone nation is available on the smartphone nation YouTube channel, IBM Podcast Network, and other podcast platforms.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode