BQPortfolio: Aditya, 24, Wants To Save Enough To Avoid A Midlife Crisis
BQPortfolio speaks to citizens from across India about their financial goals and helps them access expert advice on how to achieve them.
Aditya Palod is well aware that money doesn’t solve every problem. But, he is also aware that having money gives you options you wouldn’t otherwise have. Like, for example, quitting your job to do something you love.
Increasingly, millennials are considering something their parents never did—financial independence. Popularly misinterpreted as early retirement, financial independence is essentially the ability to choose when to stop working, or indeed pursue an activity that might be less remunerative.
Palod, a resident of Mumbai, thinks he’s going to need Rs 20 crore by 2037 to be financially independent. On this episode of BQ Portfolio, Arvind Rao, a SEBI-registered investment advisor and founder of Arvind Rao & Associates, tells him how much he really needs, and how much he needs to save.
Watch the full video here: