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Indian Daniel George, who retired at the age of 29, shares his 5 money-saving secrets.
Early retirement is often seen as an unattainable dream, especially for those in their 20s. However, Daniel George, a 29-year-old from India, has defied expectations by achieving financial independence at an age when most are just starting their careers. While his story may not be easily replicated, it offers valuable insights for anyone aspiring to break free from the traditional work-life cycle. Let's explore five key strategies that contributed to George's remarkable financial success.
1. Prioritize Affordable Education
Growing up in a modest household, George made a crucial decision that set the foundation for his financial future. Instead of pursuing costly overseas education, he opted for a high-quality yet affordable degree from the Indian Institute of Technology Bombay. This choice allowed him to graduate debt-free, avoiding the burden of student loans that often hinders early financial growth. He later furthered his education with a fully-funded Ph.D. in the United States, demonstrating that it's possible to obtain advanced degrees without accumulating debt.
2. Embrace Early Investment
George's journey into investing began during his Ph.D. studies when he started earning extra income. Recognizing the growth potential of the stock market, he allocated a significant portion of his earnings to investments, particularly in the tech sector. His disciplined approach of living on less than 10% of his income and consistently investing the remainder played a crucial role in building his wealth. This strategy underscores the power of long-term investing and compound growth.
3. Leverage High-Income Locations
Contrary to conventional wisdom, George viewed high-cost cities as opportunities rather than financial burdens. By working in metropolitan areas like San Francisco and New York, he accessed higher salaries while maintaining a frugal lifestyle. This approach allowed him to save aggressively. Once he had built substantial savings, George relocated to a more affordable area, effectively maximizing his purchasing power and accelerating his path to financial independence.
4. Develop Negotiation Skills
One of George's most impactful strategies was mastering the art of salary negotiation. By leveraging competing job offers, he significantly increased his earning potential. For instance, when offered a position at a major financial institution, George successfully negotiated a salary that was double the initial offer. This skill proved instrumental in fast-tracking his journey to early retirement, highlighting the importance of advocating for one's worth in the workplace.
5. Align Financial Goals with Your Partner
George's success wasn't a solo endeavor. His partnership with his wife, who shared similar financial aspirations, played a crucial role. Both highly educated in artificial intelligence, they embraced a minimalist lifestyle that prioritized experiences over material possessions. This shared vision allowed them to work as a team towards their financial goals, demonstrating the power of aligning with a partner who shares your financial philosophy.
#DanielGeorge #india #Indian #Retired #Bharat
1. Prioritize Affordable Education
Growing up in a modest household, George made a crucial decision that set the foundation for his financial future. Instead of pursuing costly overseas education, he opted for a high-quality yet affordable degree from the Indian Institute of Technology Bombay. This choice allowed him to graduate debt-free, avoiding the burden of student loans that often hinders early financial growth. He later furthered his education with a fully-funded Ph.D. in the United States, demonstrating that it's possible to obtain advanced degrees without accumulating debt.
2. Embrace Early Investment
George's journey into investing began during his Ph.D. studies when he started earning extra income. Recognizing the growth potential of the stock market, he allocated a significant portion of his earnings to investments, particularly in the tech sector. His disciplined approach of living on less than 10% of his income and consistently investing the remainder played a crucial role in building his wealth. This strategy underscores the power of long-term investing and compound growth.
3. Leverage High-Income Locations
Contrary to conventional wisdom, George viewed high-cost cities as opportunities rather than financial burdens. By working in metropolitan areas like San Francisco and New York, he accessed higher salaries while maintaining a frugal lifestyle. This approach allowed him to save aggressively. Once he had built substantial savings, George relocated to a more affordable area, effectively maximizing his purchasing power and accelerating his path to financial independence.
4. Develop Negotiation Skills
One of George's most impactful strategies was mastering the art of salary negotiation. By leveraging competing job offers, he significantly increased his earning potential. For instance, when offered a position at a major financial institution, George successfully negotiated a salary that was double the initial offer. This skill proved instrumental in fast-tracking his journey to early retirement, highlighting the importance of advocating for one's worth in the workplace.
5. Align Financial Goals with Your Partner
George's success wasn't a solo endeavor. His partnership with his wife, who shared similar financial aspirations, played a crucial role. Both highly educated in artificial intelligence, they embraced a minimalist lifestyle that prioritized experiences over material possessions. This shared vision allowed them to work as a team towards their financial goals, demonstrating the power of aligning with a partner who shares your financial philosophy.
#DanielGeorge #india #Indian #Retired #Bharat
đą BREAKING NEWS -đźđłÂ #Indian FM - "We're talking about a common framework for #cryptocurrency with other #G20 countries.Â
#BlockChain (Crypto) involves a lot of #technology ; in fact, it is 99% technology "âŒïžđ„
#BlockChain (Crypto) involves a lot of #technology ; in fact, it is 99% technology "âŒïžđ„
The worldâs largest crypto exchange, #BinanceEVM , is in talks with the #Indian government to restore citizensâ access to the Binance mobile application and website. An Indian publishing firm captured this development, citing sources familiar with the matter.
Per the report, Binance is willing to settle outstanding taxes accumulated as of January 12, when operations were halted. However, it noted that the exchange is unprepared to adhere to the Prevention of Money Laundering Act (#PMLA ) guidelines.
In particular, Binance sources reportedly stated that the exchange requires time to establish the necessary procedures to comply with the PMLA and Financial Intelligence Unit (FIU) regulations. Consequently, it requested permission to resume operations in the interim period.
In response, the Indian authorities have rejected Binanceâs request to resume operations until the company implements the necessary compliance. The statement read:
Compliance with PMLA is paramount. They have been explicitly told that any discussion on resumption of their services in India is only after the government is satisfied with their responses on the notices sent by the FIU.
Earlier, the government blocked nine offshore crypto platformsâ websites and mobile apps. The affected exchanges include Binance, kucoin. #Huobi , OKX, Gate.io, Bittrex, Bitstamp, #MEXC Global, and Bitfinex. Notably, the governmentâs step was warranted because these platforms failed to respond to show-cause notices from the FIU.
Meanwhile, the government is collaborating with banks to devise measures against traders who utilize virtual private networks (VPNs) to access the banned platforms.
Data suggested that approximately 4,000 Indian crypto traders are suspected of using VPNs to conduct transactions on Binance rather than transferring their assets to compliant Indian exchanges. It is estimated that nearly $4 billion worth of crypto belonging to Indian traders is stored in offshore wallets.
Per the report, Binance is willing to settle outstanding taxes accumulated as of January 12, when operations were halted. However, it noted that the exchange is unprepared to adhere to the Prevention of Money Laundering Act (#PMLA ) guidelines.
In particular, Binance sources reportedly stated that the exchange requires time to establish the necessary procedures to comply with the PMLA and Financial Intelligence Unit (FIU) regulations. Consequently, it requested permission to resume operations in the interim period.
In response, the Indian authorities have rejected Binanceâs request to resume operations until the company implements the necessary compliance. The statement read:
Compliance with PMLA is paramount. They have been explicitly told that any discussion on resumption of their services in India is only after the government is satisfied with their responses on the notices sent by the FIU.
Earlier, the government blocked nine offshore crypto platformsâ websites and mobile apps. The affected exchanges include Binance, kucoin. #Huobi , OKX, Gate.io, Bittrex, Bitstamp, #MEXC Global, and Bitfinex. Notably, the governmentâs step was warranted because these platforms failed to respond to show-cause notices from the FIU.
Meanwhile, the government is collaborating with banks to devise measures against traders who utilize virtual private networks (VPNs) to access the banned platforms.
Data suggested that approximately 4,000 Indian crypto traders are suspected of using VPNs to conduct transactions on Binance rather than transferring their assets to compliant Indian exchanges. It is estimated that nearly $4 billion worth of crypto belonging to Indian traders is stored in offshore wallets.
đ India Collected âč157.9 Crore (Aprrox $19M) In TDS From Crypto Trading: Nirmala Sitharaman (FM, India) !
Crypto holders in India are subject to a 1% TDS and 30% on all crypto gains.
#crypto2023 #india #cryptotax #Indian
Crypto holders in India are subject to a 1% TDS and 30% on all crypto gains.
#crypto2023 #india #cryptotax #Indian
#Indian what are your interest in cryptocurrency and technology. follow me for updates
Central Board of Direct Taxes (#CBDT ) has collected more than 100 crore INR ($12 million) from one percent TDS (Tax Deducted at Source) on crypto transactions in this financial year.
The #Indian #government had implemented one percent direct tax on all crypto transactions from July 1, 2022.
In an interview with #ani , the tax bodyâs chairman revealed that they have collected over 700 crore INR ($84 million) in TDS during the current financial year from online gaming companies and crypto transactions.
Over 12$ million was collected from taxes on crypto.
Tax Imposed After âPhenomenal Increaseâ in Crypto Transactions
Though crypto regulations in India remain unclear as of now, the central government has imposed heavy taxes in order to curb unsupervised cryptoâs adoption in the worldâs most populated country.
In her 2022-23 Budget speech, Indiaâs Finance Minister Nirmala Sitharaman announced one percent #TDS on crypto transactions.
She cited âphenomenal increaseâ in crypto transactions as a reason for a specific tax regime.
At the same time, she proposed taxing income from the transfer of any virtual digital asset at 30 per cent.
The central government of India has significantly changed its stance on crypto regulations in the last year.
The #Indian #government had implemented one percent direct tax on all crypto transactions from July 1, 2022.
In an interview with #ani , the tax bodyâs chairman revealed that they have collected over 700 crore INR ($84 million) in TDS during the current financial year from online gaming companies and crypto transactions.
Over 12$ million was collected from taxes on crypto.
Tax Imposed After âPhenomenal Increaseâ in Crypto Transactions
Though crypto regulations in India remain unclear as of now, the central government has imposed heavy taxes in order to curb unsupervised cryptoâs adoption in the worldâs most populated country.
In her 2022-23 Budget speech, Indiaâs Finance Minister Nirmala Sitharaman announced one percent #TDS on crypto transactions.
She cited âphenomenal increaseâ in crypto transactions as a reason for a specific tax regime.
At the same time, she proposed taxing income from the transfer of any virtual digital asset at 30 per cent.
The central government of India has significantly changed its stance on crypto regulations in the last year.
#Indian
it's time to wait and watch
it's time to wait and watch
LIVEUjwol Cryptography
--
Bullish
đźđł
Indian #crypto industry wants 0.01% TDS in #Budget2024
đŻ
#Write2Earn #IndiaBudget #TrendingTopic
Indian #crypto industry wants 0.01% TDS in #Budget2024
đŻ
#Write2Earn #IndiaBudget #TrendingTopic
#Binance in India đźđł đ°
We are aware of an IP block affecting a number of crypto firms, including Binance. This only impacts users who attempt to access the #Indian iOS app store or the Binance website from India. Existing users who already have the Binance app are not affected.
We remain committed to the adherence of local regulations and laws and we are dedicated to maintaining active communication with regulators to ensure user protection and the development of a healthy Web3 industry.
The ongoing situation is not unique to Binance and impacts other web3 industry players as well. We are working hard to inform constructive policy-making that seeks to benefit every user and all market participants. All user funds are safe. If you are having trouble accessing your account or need support, you may DM us here. Any changes or updates will be communicated promptly via our official channels.
Keep connected â
We are aware of an IP block affecting a number of crypto firms, including Binance. This only impacts users who attempt to access the #Indian iOS app store or the Binance website from India. Existing users who already have the Binance app are not affected.
We remain committed to the adherence of local regulations and laws and we are dedicated to maintaining active communication with regulators to ensure user protection and the development of a healthy Web3 industry.
The ongoing situation is not unique to Binance and impacts other web3 industry players as well. We are working hard to inform constructive policy-making that seeks to benefit every user and all market participants. All user funds are safe. If you are having trouble accessing your account or need support, you may DM us here. Any changes or updates will be communicated promptly via our official channels.
Keep connected â
See original
I am in almost 80% loss so 20% or so but I will wait till #Stark bounces back.
Suggest here if loss is above 70% h to hold #Stark & wait. I have to launch hotel with him and bought around 6$ for me đ€Š
#Write2Earn
#Hindi #Indian
Suggest here if loss is above 70% h to hold #Stark & wait. I have to launch hotel with him and bought around 6$ for me đ€Š
#Write2Earn
#Hindi #Indian
Binance Assures Indian Customers That Their Money Is Secure Despite Delisting From Apple's App Store
Some of the most popular cryptocurrency applications, including Binance, a worldwide powerhouse, mysteriously disappeared from Apple's app store on Saturday morning, shocking crypto aficionados in India. And why? The Indian government used worries about money laundering as an excuse to impose stringent regulations. However, Binance issued a comforting statement during the panic, promising to adhere to rules and safeguard users' cash.
The incident started when Apple removed Binance, Kucoin, and OKX, three prominent cryptocurrency exchanges, from its Indian app store in response to demands from the Indian finance ministry. Nine suppliers of virtual asset services were sent with show-cause letters by the Ministry, who claimed that they had violated rules against money laundering. Because of this, Apple moved quickly when the Financial Intelligence Unit asked the authorities to shut their websites.
Binance reports that India has the largest cryptocurrency user base in the world, hence this development comes as a shock to the country's rapidly developing crypto sector. The exchange, meanwhile, continues as usual despite its infamously unstable headquarters.
They wrote on their blog to reassure Indian clients that their money was secure and could be accessed via the website or the current app, but only in that way. Binance has promised to have an open line of communication with authorities throughout the globe and to comply with local rules.
But the government isn't limiting its crackdowns to app stores; there are rumblings of plans to ban Binance and similar foreign cryptocurrency platforms from operating in India. The whole bitcoin market might be severely disrupted by such a move, which could have far-reaching ramifications.
Cryptocurrencies are strongly opposed by India's central bank, the Reserve Bank of India (RBI). Its opposition to a possible crypto ban is constant, and it has long called for new regulations to put crypto assets through the same kind of testing as gaming instruments. The RBI's steadfast position highlights the continuous difficulties and discussions surrounding the cryptocurrency regulatory environment in India.
India shockingly topped Chainalysis' 2023 Global Crypto Adoption Index, recovering from its 2022 dip, despite regulatory impediments. This seeming contradiction exemplifies the knotty connection between popular enthusiasm in cryptocurrency and official distrust of the industry.
The crypto community in India is determined to keep fighting even if the future remains cloudy. They are looking at other ways to get their hands on crypto and are expecting that regulators would see the revolutionary power of this asset class.
The continuing crypto drama in India continues with the delisting of Binance. Stay tuned for updates on whether this is the start of a full-scale crackdown or just a momentary setback. The battle lines have been formed, and the war for the future of cryptocurrency in India is just getting started.
#Binance #cryptocurrency #Indian
The incident started when Apple removed Binance, Kucoin, and OKX, three prominent cryptocurrency exchanges, from its Indian app store in response to demands from the Indian finance ministry. Nine suppliers of virtual asset services were sent with show-cause letters by the Ministry, who claimed that they had violated rules against money laundering. Because of this, Apple moved quickly when the Financial Intelligence Unit asked the authorities to shut their websites.
Binance reports that India has the largest cryptocurrency user base in the world, hence this development comes as a shock to the country's rapidly developing crypto sector. The exchange, meanwhile, continues as usual despite its infamously unstable headquarters.
They wrote on their blog to reassure Indian clients that their money was secure and could be accessed via the website or the current app, but only in that way. Binance has promised to have an open line of communication with authorities throughout the globe and to comply with local rules.
But the government isn't limiting its crackdowns to app stores; there are rumblings of plans to ban Binance and similar foreign cryptocurrency platforms from operating in India. The whole bitcoin market might be severely disrupted by such a move, which could have far-reaching ramifications.
Cryptocurrencies are strongly opposed by India's central bank, the Reserve Bank of India (RBI). Its opposition to a possible crypto ban is constant, and it has long called for new regulations to put crypto assets through the same kind of testing as gaming instruments. The RBI's steadfast position highlights the continuous difficulties and discussions surrounding the cryptocurrency regulatory environment in India.
India shockingly topped Chainalysis' 2023 Global Crypto Adoption Index, recovering from its 2022 dip, despite regulatory impediments. This seeming contradiction exemplifies the knotty connection between popular enthusiasm in cryptocurrency and official distrust of the industry.
The crypto community in India is determined to keep fighting even if the future remains cloudy. They are looking at other ways to get their hands on crypto and are expecting that regulators would see the revolutionary power of this asset class.
The continuing crypto drama in India continues with the delisting of Binance. Stay tuned for updates on whether this is the start of a full-scale crackdown or just a momentary setback. The battle lines have been formed, and the war for the future of cryptocurrency in India is just getting started.
#Binance #cryptocurrency #Indian
đ„đ„đ„đ„đ„đ„đ„đ„đ„BREAKING: Big Changes for Investors
Starting Oct 1, 2023, a SHOCKING 20% Tax on Your Foreign Stock Investments and #crypto ?
Here's what you MUST know
đIntroduction: Starting October 1, 2023, the tax collected at source (TCS) on foreign remittances, including investments in foreign stocks, mutual funds, and #crypto, has been increased to 20% from the previous 5%.
đ What is TCS? TCS is an additional amount collected by a seller on certain goods over the sale amount and remitted to the government.
đ Criteria for TCS: If you're investing abroad and the amount surpasses Rs 7 lakh in a financial year, you'll be subject to this 20% TCS.
đ Domestic Mutual Funds: If you invest in a domestic mutual fund that has exposure to foreign stocks, it won't be considered a foreign remittance under the Liberalized Remittance Scheme (LRS).Thus, it won't attract the 20% TCS.
đDouble Taxation & Currency Risk: Investing abroad can be profitable, but be aware of potential risks such as double taxation and currency fluctuations.
đ Liberalised Remittance Scheme (LRS): Under the LRS, a 20% TCS is levied on foreign investments, regardless of the institution or method used.This TCS is non-refundable.
đ Determining TCS applicability: If a fund primarily consists of foreign stocks, then it's subject to the 20% TCS. If it doesn't, it may escape this tax.
đ#Crypto Regulations: The future of cryptocurrency regulation in India is still uncertain.
This could have varying tax implications.
đBrokerage Role: #Indian brokerage firms help investors adhere to Indian tax regulations.
However, the liability for TCS still rests with the investor.
đAlternative Investments: Due to these new regulations, investors might consider tax-efficient alternatives, such as domestic mutual funds with foreign exposure, to potentially avoid the 20% TCS.
Summary: While diversifying investments abroad can be profitable, it's crucial to be informed about the taxes and regulatory environment to make the most out of your investments. #BTC #crypto2023
Starting Oct 1, 2023, a SHOCKING 20% Tax on Your Foreign Stock Investments and #crypto ?
Here's what you MUST know
đIntroduction: Starting October 1, 2023, the tax collected at source (TCS) on foreign remittances, including investments in foreign stocks, mutual funds, and #crypto, has been increased to 20% from the previous 5%.
đ What is TCS? TCS is an additional amount collected by a seller on certain goods over the sale amount and remitted to the government.
đ Criteria for TCS: If you're investing abroad and the amount surpasses Rs 7 lakh in a financial year, you'll be subject to this 20% TCS.
đ Domestic Mutual Funds: If you invest in a domestic mutual fund that has exposure to foreign stocks, it won't be considered a foreign remittance under the Liberalized Remittance Scheme (LRS).Thus, it won't attract the 20% TCS.
đDouble Taxation & Currency Risk: Investing abroad can be profitable, but be aware of potential risks such as double taxation and currency fluctuations.
đ Liberalised Remittance Scheme (LRS): Under the LRS, a 20% TCS is levied on foreign investments, regardless of the institution or method used.This TCS is non-refundable.
đ Determining TCS applicability: If a fund primarily consists of foreign stocks, then it's subject to the 20% TCS. If it doesn't, it may escape this tax.
đ#Crypto Regulations: The future of cryptocurrency regulation in India is still uncertain.
This could have varying tax implications.
đBrokerage Role: #Indian brokerage firms help investors adhere to Indian tax regulations.
However, the liability for TCS still rests with the investor.
đAlternative Investments: Due to these new regulations, investors might consider tax-efficient alternatives, such as domestic mutual funds with foreign exposure, to potentially avoid the 20% TCS.
Summary: While diversifying investments abroad can be profitable, it's crucial to be informed about the taxes and regulatory environment to make the most out of your investments. #BTC #crypto2023
Solana's founder is Indian
Polygon's founder is Indian
Avail's founder is Indian
Berra chain's founder is Indian
Eigen Layer's founder is Indian
Network state's founder is Indian
Biconomy's founder is Indian
Angel list's founder is Indian
It seems like Indians have taken over the entire crypto ecosystem.
#India #Indian #solana #polygon
Polygon's founder is Indian
Avail's founder is Indian
Berra chain's founder is Indian
Eigen Layer's founder is Indian
Network state's founder is Indian
Biconomy's founder is Indian
Angel list's founder is Indian
It seems like Indians have taken over the entire crypto ecosystem.
#India #Indian #solana #polygon
Like and Win: Binance India Community, Welcome to Square!
We're introducing a "Like and Win" campaign just for you to demonstrate how excited we are that you are here. Simply like at least one piece of content per day for 7 days throughout the campaign period to receive a portion of our $5,000 prize pool in BNB token coupons.
Terms and Conditions:
The campaign is open only to users with India KYC.
Rewards are capped at $1 per participant.
The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.
Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.
Binance reserves the right of final interpretation of this activity.
Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.
Additional promotion terms and conditions can be accessed here.
#Likeandwin #LowestCPI2021 #Indian #MarketDownturn #Write2Earn!
Terms and Conditions:
The campaign is open only to users with India KYC.
Rewards are capped at $1 per participant.
The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.
Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.
Binance reserves the right of final interpretation of this activity.
Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.
Additional promotion terms and conditions can be accessed here.
#Likeandwin #LowestCPI2021 #Indian #MarketDownturn #Write2Earn!
