Let's Get RICH With PATTU!

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Episodes

Latest episode

Apr 2024

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EN-IN

About the show

You CAN grow your 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.

Listen to episodes

41 recent

April 14, 202430 min

New Tax Regime vs Old Tax Regime - E 40

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.

April 6, 202432 min

Does NO KIDS mean MORE MONEY? - E 39

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 SINKs See omnystudio.com/listener for privacy information.

April 5, 202412 min

Pattu doesn't listen to Sid anymore

See omnystudio.com/listener for privacy information.

March 21, 202428 min

FOR THE DREAMERS - E 38

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.

February 25, 202439 min

Buying a CAR in India? - E 37

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.

February 10, 202432 min

Everything about Secondary Income - E 36

On this episode we cover: - The difference between immediate secondary income, and building for the longterm - Or is there a difference? - Becoming an expert - Should secondary income begin at the start of your career? - The perfect ingredients to begin with - creativity and helping others - What do you do after a long hard day at work, put your feet up and watch netflix? - What do online creators get wrong? - Pattu's thoughts on the ads that say "Join my masterclass!" - How to build long term trust - Is there a process to identifying what I am good at? - Another golden PATTU THUMBRULE! - Being active in your retirement - How branding for your expertise is so important - At the end, the most important thing to building secondary income is being ____ See omnystudio.com/listener for privacy information.

February 4, 202435 min

The next 20 years in India look - E 35

On this episode we cover: - How to quickly summarize the interim budget 2024 - Whether interest rates will go up - Vignesh's question on probability of equity markets outperforming inflation - Pattu's answer - no idea! - Indian stock market still in it's early days vs US which began in 1870 - Analysis of absolute returns and rolling returns on the S&P 500, so it's not rosy there either! - We analyse the Indian stock markets - What is the guarantee bad times will not come - no Guarantee! - Pattu's detailed study on Japan - How household consumption is a good indicator - The potential in India for the next 20-40 years - India's biggest asset - The two challenges facing India - How stock market growth comes at the cost of the environment! - Does investing philosophy change for places that have flat growth? - Emotional intelligence - Information diet and how important it is Link to slides/graphs mentioned in the episode: https://drive.google.com/file/d/1EFccB66MHAUEWj2mP7AvvsR54IBQaAEr/view?usp=sharing See omnystudio.com/listener for privacy information.

January 30, 202433 min

Losing everything you have - E 34

On this episode we cover : Divakar's story and reason for writing in Should one be extra safe after hearing a story like this? Pattu talks about 'clumped' returns We must be ready for losses How inflation could be different for different people (depending on their goals) Laser focus on just one thing: The Corpus Virtual Pattu and Sid vs a Real world example - what truth should Divakar believe Emotional Logic and what it means Go through the pain - Scars tell us that the past was real Pattu's advice for Divakar's friendPattu feels that most index fund investors will never be successful. Find out why! Stop losses, and when they are relevantDoes thinking of the worst case scenario help while investing? See omnystudio.com/listener for privacy information.

January 21, 202432 min

Personal Finance in short - Part 2 - E 33

On this episode we cover: - Why debt mutual funds are considered safe, because they're definitely not 'fixed income' - If Debt Mutual Funds have a 'sideways market' - What Money Market Funds are - What Arbitrage Funds are - Thumbrules for Recurring Deposits - and when to convert it into an FD - The basics of RBI Retail Direct - How RBI bonds work - What is GDP, and how does it actually affect us - How can a retail investor invest in international markets? - What is frugality really? (and are Pattu and Sid frugal?) - One huge tip for those who are inherently NOT frugal - What is more powerful than a Will or Nominations for your loved ones? - Can every Indian get rich? See omnystudio.com/listener for privacy information.

January 14, 202422 min

A Rapid Fire Start to 2024! - E 32

On this episode we cover: - What to do when you're broke - Mutual Funds have no compounding effect! - How retail investors can buy International Govt. Bonds - Corporate Bonds face value drop and how it affects retail investors like us - If there are ratings for Debt Mutual Funds - How do passively managed Debt Mutual Funds work? - How often do Governments and Corporates offer Bonds, and why? - How does a retail investor invest in junk bonds? - Who is investing in the Argentinian 27% govt bond? - Is it common for a govt to default? and is it a write off? See omnystudio.com/listener for privacy information.