1. Rule of 72: Doubling Time = 72/Interest Rate 2. Convert salary to hourly: eg, 20000 -> 200 -> 200/2 = Rs. 100 per hr 3. How to value car while purchase: Value of car < 6 months income 4. 20/4/10 Rule: 20% DP, Less 4 yr term, Expense of car within 10% of salary 5. Equity - Debt ratio: Equity = 100 - age and rest is Debt 6. Rent/buy a home: x = (House Price/Rent*12) x < 15 -> Buy House else Rent House
7x rule- if you don’t have enough money in the bank to buy an item 7 times- you shouldn’t buy it. This is for smaller items, perhaps not for cars or homes.
For x2 - Rule of 69.3 is more accurate in 99% cases as it'll give more precise timing and Rule of 72 can be used for the rest of the cases. Similarly there's for x3 there's Rule of 114 and for x4 there's Rule of 144
It's not that accurate, also applicable onyl compound interest only.... For 100rs with 36% interest.....on compound interest we will get 176 something in 2 year not 200... exactly..... Maybe that's how it is
very good information,however ,people do keep in mind these rules are not applicable everywhere,for example the 6 month car one, there are no good cars available under 6 lakh, also person earning 1 lakh a month can afford 8-10 lakh car and whether you should buy a home or rent it? well,once you buy a huse it will be yours forever and yiur future genration will also have it, area,city, etc all the factors must be considered too.
Brother apko really lagta hai that i mocked you maine na apko gali di hai na hi kuch bhura kaha hai and brother aap aisa video banao jo relatable ho aapne bol diya ki yeh krne se aap apne finance manage kr sakte ho aisa nahi chalta bhai sabki situation alag hoti hai and FYI ma 10000rs ka 5× jyada kamata hu @@JayKapoor24
KreditBee bit.ly/3xmsRTK
Ratio of Sponsor time to video time is High bruv
My Favourite One Is By Dan Lok "If You Can't Buy Something Twice, You Cannot Afford It."
THE More YOU Know 😀
Dan lok is fake guru bro
@@krupalsgowda2089 true
@@krupalsgowda2089 but does the quote stand true in real life?🤔
@@DivyamBhardwaj yeah
Boss in Bentley
1. Rule of 72: Doubling Time = 72/Interest Rate
2. Convert salary to hourly:
eg, 20000 -> 200 -> 200/2 = Rs. 100 per hr
3. How to value car while purchase: Value of car < 6 months income
4. 20/4/10 Rule: 20% DP, Less 4 yr term, Expense of car within 10% of salary
5. Equity - Debt ratio: Equity = 100 - age and rest is Debt
6. Rent/buy a home:
x = (House Price/Rent*12)
x < 15 -> Buy House else Rent House
Should be pinned actually
👍👍👍👍
This Video In A Nutshell!
Legend
7x rule- if you don’t have enough money in the bank to buy an item 7 times- you shouldn’t buy it. This is for smaller items, perhaps not for cars or homes.
😂
Acha Laga Share Karo as the bookmark for the sneaky heads like me was amazing 😂 @ 5:10
When a tech guy enters into the finance sector
Need part 2 👍🏻👍🏻
Acha laga share karo in bookmarks tab is epic 😂 5:10
kaha??
Kaha
1. Rule of 72
2. Convert salary to hourly
3. How to value car to purchase
4. 20/4/10 Rule
5. Equity: Debt ratio
6. Rent/buy home
Yo 😁 helpful as always
Very informative 🔥🔥🔥
If I get 72% Intrest, answer is one, but the money will not double in a year...
For x2 - Rule of 69.3 is more accurate in 99% cases as it'll give more precise timing and Rule of 72 can be used for the rest of the cases.
Similarly there's for x3 there's Rule of 114 and for x4 there's Rule of 144
Missing Chrome Extension 😭😭
100 - 110 = -10% 😂
This video is seriously helpfull than any stock market video
-_-
So F*cking helpful
I am impressed by the subtle subliminal message in the form of folders
Why should we not keep our money in the bank account?
Great video loved it 😍
2:14
I studied 72 rule in my engineering
Very beneficial💯
Acha laga share kiya
What if interet is 72% by your formula its getting doubled in 1 year but I deposit 1lac , in 1 year it getting 1.72lac.???? Anyone please explain me
It's not that accurate, also applicable onyl compound interest only.... For 100rs with 36% interest.....on compound interest we will get 176 something in 2 year not 200... exactly..... Maybe that's how it is
Missing Cactus 🌵😂😂
very good information,however ,people do keep in mind these rules are not applicable everywhere,for example the 6 month car one, there are no good cars available under 6 lakh, also person earning 1 lakh a month can afford 8-10 lakh car
and whether you should buy a home or rent it? well,once you buy a huse it will be yours forever and yiur future genration will also have it, area,city, etc all the factors must be considered too.
Great content
Wow! Just wow!
Background music?
Thank you.... 👍
You are best bro
Where Is Glowing Coctus ???😆🌵
Rent uy formula wont fit in 90% cases
Nice hair cut 👌
Bhaia please make more videos on Best courses for students!
Okay
Jay make a new intro video about you.
Great
Dude 4k video great going
Yeah thanks
@@JayKapoor24 hii
Bhai only 150 views bakhi insta pe toh 1k ho Jate he
sir ye sab rules kha se late ho
Hi jay
New haircut 👑🙂
❤️🙏
Hey you mentioned Banks me money mat rakho ?? Can anyone here tell me why Is it because of slower returns ?
Yes
4K on 80D?
Wow
Jay tu maaan ya na maaan but tera aura ya personality technical guruji se bhaut relate krti hai ❤️❤️❤️
Aaj pandit ji ne kyaa khaaa??? 😁
Pandit ji matlab?
Eighth ❤️
Second!!!!!!
Wahhh wahh
Creditbee is the shittiest app ! good vid btw
Just like zestmoney..
I am earning 10000rs per month so please tell me any nice car which comes under 60000 Rs 😂🤣 lol kuch bhi /
You should probably think how to increase your salary rather than mocking people on Internet.
10k se zyada toh Zomato delivery boy kama lete hai
Brother apko really lagta hai that i mocked you maine na apko gali di hai na hi kuch bhura kaha hai and brother aap aisa video banao jo relatable ho aapne bol diya ki yeh krne se aap apne finance manage kr sakte ho aisa nahi chalta bhai sabki situation alag hoti hai and FYI ma 10000rs ka 5× jyada kamata hu @@JayKapoor24
Mast zabardast zindabaad
* crying in chrome extensions *
Bank me kyu Nahi rakhna Chahiye bhai
Inflation
F.I.R.E. community where you guys at??👊🏻
Present sir🙋🏻♂️🙋🏻♂️
Present sir
Now I found why this video long sponsor huh.🙄
Bhai what's the problem with indian, free me mil raha he still complaint, kyu bhai kiya hogaya if he earns, content is good nah focus on that!
Please appreciate creator's effort.
There should be no problem with sponsorship as a viewer, as you can fairly skip it.
Saalo baad 5 min plus videos
Here before Jay posts more videos on finance, bitcoin or stock market investment decisions etc and convert the channel into jack of all !
Sare normie first dalenge
I love it when the notification shows up, "someone likes your comment" and " You have a new subscriber"🥺❤️
Dislike ka aya ?