RUPESH CHAVAN E-MAIL: rupeshchavan.seminars@gmail.

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Retire young and retire rich …….Even if you have loans

Money Hack No: 1

How to select Mutual fund-

If we want to buy mutual funds, we go to banks or brokerage firms; we search online for
top mutual funds.
In banks, they pitch their products. Brokerage firms are interested in selling products in
which they get the high percentage. Financial advisers are also trained to sell products
which are profitable for the company. If you search online more than 11,000 mutual
funds seems to be available. How will you select it? All can’t be right performing.
We individual only should take charge of it.
SIP (systematic investment plan) is a lifetime investment, so it's essential to choose the
right one. We might go to an excellent financial adviser suggested by friend or relative
but how will you know whether that person is knowledgeable or no, whether he is
giving non-biased suggestions or just thinking about his brokerage/ commission only.
You should take charge of your investments.
I will tell you a simple technique to use while selecting mutual funds for investments.
Go to Google search engine and search best performing mutual fund manager?
Who drives mutual funds- its mutual fund manager.
He is only responsible for the returns through mutual funds.
When you search for Mutual fund manager you will get to see his experience, how many
awards he got, how many returns he has given, how many portfolios has he handled.
We get to know his total history. Then we can choose selected funds. We need to
balance between debt funds, growth funds, liquid funds.
Search top 10 mutual fund manager and top 10 mutual funds.
Buy your mutual fund on one click, use technology.
This is a secure investment with excellent benefits.

Money Hack No:2

How to buy home loan at 0% rate of interest-

You can follow following tips:-

Take tenure of the home loan between 20-30 years, (try to take on the higher side,
i.e.,.30 years ), so the installment will be less.

Invest 10% of your installment in the mutual fund which gives at least 15% return.
Now if your installment is said 10000 then 10% of it, i.e.,1000rs you put in mutual
funds. The home loan interest rate is 8.5%.
If you keep investing these 1000 rupees till your home loan exists and do not take out
any money in between then your total home loan interest of 30 years you have earned
already. You can check Google calculators.
You will get back your interest as well as home price with this 10% investment.

Rupesh Chavan can make 2018, your most successful year ever!
RUPESH CHAVAN E-MAIL: rupeshchavan.seminars@gmail.com
Contact: 866 885 5702

Money Hack No: 3

Tax proof investment

There are tax proof investment options in the market.

To save tax is almost like gaining money.
We invest in taxable investments and don’t give a thought to it. Include tax proof
investments in your portfolio like equities & stock. If we hold an investment for more
than one year, it's tax-free. Hold mutual fund for one year- it’s an excellent tax-free
Investment. If you keep the mutual fund for a year you get capital back, the return is 12-
15% + no tax, so it’s a double profit.
Equity is also a good product. Profit goes up to 18-20% and no tax, so this can be called
a good investment. You just need to maintain the record of your purchase date.

Money Hack No: 4

Use technology & take maximum benefit out of it

We don’t need to go to the bank to withdraw money, to transfer money, to purchase

shares and mutual funds, F.D, to open the account, etc. as advanced technology is
available.
We can do all these sitting at home with just one click.
But do we use technology fully for our benefit?
We mostly use WhatsApp, Face book, other social media, playing games, browsing, etc.
But we don’t use this technology to grow our money.
Products like M.F., insurance, if we buy online, we don’t have to pay brokerage.
Insurance brokers get brokerage as big as 35%. If we study and take control of
ourselves using technology without depending on anybody we will save a lot of money;
we will be safe from frauds and losses.
Gain knowledge, learn technology and do it yourself.

Money Hack No: 5

Saving ideology/ Pay yourself first

At the end of the month, we are left with hardly any money or no money; this is the case
with all.
So we need to work for next month and so on.
We are trapped. There is no pension in private jobs nor government jobs also.
In future, if my health doesn’t support how am I going to work & how will I manage my
funds.

Pay yourself first. Use ESCRO account facility and pay yourself immediately as soon as
you get your salary and invest that money. Interest generated out of it shall only be used
for expenditure.
If you keep working towards it your saving chunk will be more prominent- 15to18%
return and non-taxable expenses taken care of. You can retire.
One should follow this saving ideology.

Rupesh Chavan can make 2018, your most successful year ever!
RUPESH CHAVAN E-MAIL: rupeshchavan.seminars@gmail.com
Contact: 866 885 5702

Instead of spending directly from salary if one spends from interest generated from the
investment that is the right attitude.
You will soon be out of the race. Your saving and capital are untouched.

Money Hack No: 6

Home loan repayment

We can shift home loan repayment from monthly to fortnightly or weekly. We don’t
know the installment options as banks don’t tell this.
The home loan rate is 8.5 and tenure as 30years and payment method is monthly, if I
just change the payment method to fortnightly that is twice a month I save 30%.
Banks don’t tell this openly. If we opt for weekly payment method, we save more. We
need to get it done from banks; we need to debate with them at times.
Example: loan amount 1crore for 30years and 8.6 R.O.I
Total interest that I pay is 1,79,36,421 –in Monthly option
1,24,87,000 – in fortnightly option
54,50,000/- saving only with this small change. Nobody tells
us these calculations.
We should be conscious of it.

Money Hack No: 7

Inflation proof investment

The inflation rate for last 3-4 years is around 7-8%.

If we keep our money in the locker as it is for one year, then its value will decrease
by7% in a year. Or if I purchase few goods for 1lakh rupees, next year I will get fewer
goods with the same amount of money.
A few years back school fees were used to be 10-20,000/-max.
Now its minimum 50,000/-
Let us understand Inflation proof investment
Saving account rate of interest is 4%.
F.D. Rate of interest is 6-7%
If we want to beat inflation and make safe n secure investment where I can park my
money, for short-term, where I need cash frequently, I can park my money in the liquid
fund or money market.
It is 100% secure, and its rate of interest is 6-9% whose average is 8% which is more
than the inflation rate.
So always park your money in liquid funds.
Don’t let your money sit idle.

Rupesh Chavan can make 2018, your most successful year ever!
RUPESH CHAVAN E-MAIL: rupeshchavan.seminars@gmail.com
Contact: 866 885 5702

Money Hack No: 8

The MOCHA Factor: 8 Ways We Often Overspend

Maybe the biggest misconception about building wealth is that it is a function of our
income. In reality, it is much more a function of our spending habits.
But most people are simply unaware of how much money they spend—not so much on
the large purchases, but in the small things, we spend money on every day.

Here are the eight most common money leaks I have witnessed:
1. Eating out. Indians go out for lunch on average twice a week and eat 16 meals per
month outside the home—this averages to spending Rs 2400 each month eating meals
prepared outside the home. At first glance, this may sound high—surely we don’t spend
as much as the average.
But we tend to disregard how quickly it adds up: quick lunches at the office cafeteria,
business lunches with associates, little snacks from the vending machine, a bag of chips
before we hop on the train, pizza takeout on the way home, a weekend date, or a night
out with friends. We never make all these purchases on the same day, but over the
course of 30 days, they begin to add up.

2. Tea/Coffee. There is no question that tea and coffee plays an essential role in
workplaces across the India, But rarely do we realize how much money we spend on it.
The average India spends almost Rs 300 a week on Tea/coffee.This may seem like a
significant amount of money to some or not much to others. But either way, it is money
that could be directed toward paying down credit card debt, a student loan, or a
burdensome car payment.

3. Books and magazines. Reading is important. I encourage people to do more of it. But if
you are a prolific (or even regular) reader, you may not realize how much of your
money is being spent on books and magazines. Book purchases are often small, but if
consistent, they add up. Frequently, readers who complete this tracking exercise are
surprised how much of their income is spent there.
We are fortunate to live in a country where almost all communities have their public
libraries, or same books are available on Kindle at the very low price. Why not use them
as much as possible? Another solution is to find a group of friends or family who
regularly exchange and borrow books with one another.

4. Unused utility services. Paying our utility bills blindly often leads to overpaying for
services. Are you watching all the cable channels you are currently paying for? When
was the last time you used the 3-way calling or the call-forwarding options on your
home phone? Taking a few minutes to review your bills and asking yourself if you need
these services could save you money every single month.
Call your service provider and ask what specials they currently have or what they can
do to help decrease your bill. You may be pleasantly surprised how much a 10-minute
phone call will save you.

5. Extra banking fees. When we don’t take the time to review our monthly bank
statements, we often fall into the trap of blindly paying banking fees we could easily
avoid—especially if you swipe your debit card more than your plan covers. Overdraft

Rupesh Chavan can make 2018, your most successful year ever!
RUPESH CHAVAN E-MAIL: rupeshchavan.seminars@gmail.com
Contact: 866 885 5702

fees are another way your bank account gets hit or withdrawing cash from an ATM that
is not associated with your bank.
You can quickly rack up more of additional fees each month if your banking plan is not
the right fit, or if you consistently avoid walking one more block to withdraw money
from your own bank’s ATM. Take the time to review your bank statement each month
looking for inconsistencies. When you do, make a particular note of Bank Charge line
items.

6. iTunes/Android. These days, most of us own a smartphone where our credit card is
automatically linked to an online store. As might be expected, this arrangement makes it
easy for us to press the “Buy it Now” button. One day, it’s a cool ringtone that “you really
want”; the next day, it’s a newly released single from your favorite artist; the day after,
it’s a new app that seems so useful or entertaining.
And the cost is not just financial. While smartphone users spend hundreds of rupees on
mobile apps, we also spend over 2 hours every day using them.

7. Lottery tickets. When we are struggling financially, buying a lottery ticket becomes
our glimpse of hope. For a few moments, when we are checking the numbers, we feel as
if our life worries will suddenly vanish and our dream of living a debt-free life will
finally come true. Through this small ticket, we see the light at the end of the tunnel.
But the truth is, it is merely an illusion. It’s something you consciously work towards,
every day.

8. online purchases. I spoke recently with a friend who ran his Amazon account history
and was shocked to discover he had spent a couple of lacks over the past two years on
Amazon. He noted that his history included one large purchase over 50,000 (a new
laptop) and a few more items over 10,000.
These online purchases seemed small and insignificant individually. But over time,
these impulses buys added up to a very significant number,
Some of the areas above are probably more relevant to you than others. They merely
represent the eight most common money leaks I have witnessed.

Try for one month, but three months is even better. It will then be much easier to
pinpoint your weak areas and adjust your spending accordingly.
Paying attention to the small money leaks, while they are still leaks, will prevent them
from becoming floods. More importantly, it will allow you to build your safety cushion
to fall on when life happens.

Rupesh Chavan can make 2018, your most successful year ever!