Everyone CAN grow their 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.
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 costs
d. Family floater vs Family individual covers
e. Waiting periods for new conditions in existing policies
f. Group medical cover for various groups of people
- Real Estate
a. Should I use my corpus for a down payment or maximise my EMI?
b. EMI benchmarks that you should not cross
c. 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 ours
why term insurance and medical insurance can be denied
how to invest in this case
- How to begin investing late in life ?! (40 years + )
Pattu recommends reaching out to a RIA, and how to
Regret is a waste of time
How to gain confidence in this situation
How RIAs charge you over the years
20 Sept 2023
INVESTING FOR CHILDREN - PART 2 - When do our responsibilities end? - E 16
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 yet
b. If your child is 3-4 yrs old
c. 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 money
20 Sept 2023
INVESTING FOR CHILDREN - PART 1 - Having 1 kid vs having 2 kids ! - E 15
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 yet
b. If your child is 3-4 yrs old
c. 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 money
20 Sept 2023
Retirement - Back to Basics 2 - E 14
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 ______ !
20 Sept 2023
Retirement - Back to Basics 1 - E 13
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!
20 Sept 2023
WOMEN, it's time to take charge! - E 12
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 slowly
20 Sept 2023
DIRECT STOCKS vs MUTUAL FUNDS: Which one is for me? - E 11
On this episode we cover:
- What is a good reason to invest in stocks vs MF?
- Is stock investing a replacement for lack of capital?
- When does stock investing become gambling?
- What Dolly Parton said about rainbows and rain!
- The two simple basics of selecting a stock.
- An AI tool you can use too!
- How stock research is like sculpting.
- How all gains or losses are notional, not real!
- Rebalancing from equity into debt.
- MF vs Stocks - tax on the churn.
- How a human being is never satisfied, but how important it is to keep expectations under control.
- How 10% returns consistently over 30 years is HUGE!
- Always BENCHMARK your stock trades vs the NIFTY for perspective.
20 Sept 2023
Medical Insurance Part 2: The most important features to focus on while buying! - E 10
On this episode we cover:
- The 3 most important features to focus on, and all the fluff to forget about!
- PSU policies vs Private policies
- Porting of policies from one provider to another
- Corporate group insurance vs Private insurance for the Salaried
- Individual policy vs Family Floater policy
- How to insure the elderly in your family
- Why having a family doctor still has so many benefits!
- Top up insurance and its benefits
- Doctor consultation fees
If you have particular questions about your policy, write in to us!
20 Sept 2023
Medical Insurance Part 1 - escaping The Dholak - E 09
Medical Insurance in India is like a Dholak.
Alright, that's clickbaity, but Pattu said it! On this, our first episode of our third month, we cover:
- How much Cover does one need?
- How is Life insurance different from Medical insurance?
- How there is no way around reading the fine print
- How many people believe that medical insurance is a SCAM
- Whether it is better to buy through an agent or directly online
- How Life Insurance policy benefits can be changed at anytime!
- How despite having a cashless policy, getting cashless service is not your right!
And then we ran out of time, so make sure you GListen to Part 1, and watch out for Part 2 that unpacks even more juicy topics on this unending discussion of Medical Insurance!
20 Sept 2023
What my first ever investment should be & the risk of not taking risk! - E 08
Saving
Investing
The difference between the two?
How does inflation affect my savings?
The biggest mental block - RISK
The biggest issue in investing - WHO TO TRUST?
Lifestyle creep
Are you a sidewalker, a slow laner, or a fast lane?
Asset allocation between safety and equity
ALL THIS AND MORE on this week's episode!
20 Sept 2023
The Invention of the FREELANCER FUND! - E 07
Are you a Freelancer or a Solopreneur, who doesn't earn fixed amounts 12 times a year?
Do you feel that conventional savings and investment products are NOT designed for you and instead skewed towards the salaried class?
Do you find yourself constantly facing "The Crunch" because of irregular cash flow unlike your salaried friends?
Did you know, over TWO-THIRDS of earning Indians fall under the alternate-pay-formats category? Yes! So you're in the majority!
So what is the right financial strategy for this rather large group of bread-winners?
Listen to Pattu, as well as our guest couple on the episode - Varun and Rhea - as the "Freelancer Fund" gets invented.
Also, what is the foundation of a freelancer investment strategy? Well, why not tune into the podcast and find out! Let's get RICH!!!
20 Sept 2023
What is the TRUE COST of a HOME? - E 06
In Part-1 of the "Homevestment" debate last week, things got interesting in the battle between math and emotions.
Let's push the stakes further this week. Is the true cost of a home just the money you spend on it ? What is the most neglected aspect in home purchase calculations ?
Pattu tells us what it is and how we must at least acknowledge it.
We also broach the topic of real estate as an investment.
#Glisten now, as the answer to Soumen's question spills over into this second part of our discussion on Homes and Real Estate. Send in your very own questions, stories, doubts, etc. through any of our socials for a chance to feature on the show!
20 Sept 2023
Should EMIs be 30% or 50% of take home pay? And why? - E 05
Is making that "sapno ka mahal" a forever dream for you? Or upgrading from a 2bhk mahal to a 3bhk mahal?
Do you feel caught in the battle between Math and Emotions?
"Apna Ghar!" A sentiment so strong for anyone in the world. A sense of security, the peace of mind of owning the roof over your head, the floor under your feet.
Let us ask Pattu how to deal with this dream and how anyone can simply evaluate their choices and set their priorities to go about bringing this dream to life.
GListen!
P.S.: Take a leaf out of Soumen's book and send us your thoughts, anecdotes, questions, etc. via any of our social media channels. That's where we met Soumen too!
20 Sept 2023
THE TOXICITY OF F.I.R.E. - E 04
Are you in a rush to retire? And have you asked yourself why you are ?
Is the heat of FIRE getting too much?
What is the cost of years of hard work if not the years themselves.
Does that mean that your 'retirement corpus' is just as much a today-problem as are the current expenses of living? Here's what our first guest ever on the show, Shubham, asked Pattu about saving "more" than necessary, or usual, followed by what the man himself thinks of the situation. Glisten!
P.S.: Take a leaf out of Shubham's book and send us your thoughts, anecdotes, questions, etc. via any of our social media channels. That's where we met Shubham too!
20 Sept 2023
NOT BUYING THIS INSURANCE IS A NO-BRAINER! - E 03
Have you ever heard someone say, invest an x amount for 10 years and get that amount with some returns from the 11th year? These money-back/endowment/so-called insurance plan sellers might be playing you for a fool. We tell you why! And where you can invest instead to make money!
GListen now! Connect with us on Instagram @ofspin_mediafriends if you have a question and want to be a part of the podcast. Share with your friends. Be the smart one!
20 Sept 2023
An EMERGENGY Fund - The SHIELD for your wealth! (and why) - E 02
What are emergency funds? And what kind of protection do they give you? Do you need rainy-day money? Where should you invest your money to make it accessible in emergencies?
We do a deep dive into emergency funds with PATTU, and explore the peace of mind they could give you. GListen away!
20 Sept 2023
THE PARTY SHOULD NEVER STOP! - E 01
Should someone in their teens, who hasn't begun earning any money think about investing?!
And why should they when this is the prime of their lives, and their pocket money has just one purpose - fun!
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