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.
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.
See omnystudio.com/listener for privacy information.
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.
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.