Are Loans Bad? | Raj Shamani
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- Опубліковано 28 сер 2024
- Are Loans Bad? | Raj Shamani #Shorts
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Raj Shamani is a business content creator, an entrepreneur, an investor, and a renowned keynote speaker. He is a businessman at heart.
Raj helps businesses and startups become recognized brands and influential leaders through various marketing and business tactics. He is the driving force behind several top brands’ 360-degree brand-building approach.
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There is difference in taking a business loan for expansion / diversification and taking loan for a flat screen TV and latest I Phone.
I took 1.5 lac loan to buy a Laptop. It wasn't a bad decision... I was searching for work at that time 🤣
@@MrAshu-mx4dh that is a capital investment. i am taking more about discretionary purchases.
That is what he is talking about...
Exactly, Kunal Shah needs to shut tf up
Never take loan for depreciating assets. People are fools who take loan on electronic products, especially mobile phone, which means you cannot afford it, but bcoz so called social status ur buying a phone or a TV for status. Indian always take decisions emotionally
The loan officer approved of my plan to buy land for a horse farm. He said the investment seemed stable.
Underrated 😂😂
I can't beleive it took me minute to get the joke 😂🤣
@@yebwjwjwwb bro I cant get it tell me too😂
Context?
@@Rahulgusain9811 Guess he is talking about the show "Horse Stable"
There is a difference between taking loans to run a big company and taking a loan to build personal wealth....
Great advertising boss, so people could buy a 20% interest loans from cred😂😂.
20%!???
👍👍👍
@@iampiyushsingh7544 per annum
@@rohithreddy75 two wheeler loan funded by bank n nbfc with 18-22% , even personal loans , credit card loans etc ..inspite of bank charging high interest people are taking.
@@iampiyushsingh7544 take a loans frm Paytm or early salary
App store wali baat sahi hai 😂😂😂
Ambani take loan at x% interest bcoz they know they can earn 10x% from that money. People buying car of X value n end up paying 1.5x to the bank including interest. Howz both same??
Basic Rule: Never borrow money on interest! This is applicable even when whatever problem/issues you have!
kunal shah is a gem for india , he’s th biggest ideal of every upcoming entrepreneurs.
Abe chutiya bana raha hai wo.
What about Kamath brothers?
For them it's tax saving strategy, for me it's burden
One reason is I don't know how to handle it
He forgot to tell that Ambani and Tata get loans with interest being a tenth of what a normal person is charged.
If you plan your big purchases 10 years ahead, you'll not need any debt ever in your life.
To nail it bro.
No
See reliance balance sheet
Oh.really ? Wb realiance
How do you buy a house or a big car without taking loans
@@meghanarora4136 answer is you don't buy. Until you have guaranteed cash flow coming in. PPL who buy things they can't afford will suffer 😭 but PPL are still buying and headbend to live paycheck by paycheck. (But sometimes ppl Compelled to do above due to circumstances)
Yeah but interest rates in India are Much more than the west
If you are paying 11% interested and having 9% return from your business
It isn't worth at all
;__; logic then tou same hoga ambani ka business growth 10% aur loan 16% fir ?
The west has less loan % becuz the bank give 0% fd rates for example
Home loans were 2.8% in 2021 and went to 4% after pandemic now its 6% becuz the bank has to give fd rates and business loan go upto 100% also so they give u loan and they will take 7% on business loan becuz there country is insane high and the its a developed country
If you making 9% return in small business then you are lost. A 100 billion dollar company making 10% is fine.
@@ytbois9337 big corporates get loans on less interest rates than us
@@RahulKumar-vd4hv lol since 200 yeara people know that business loans given at 16% but like Reliance they get it at 12% but now they are getting it from public at 7% but giving 7% fd to public but i dont go for it and its not even bad also giving cheaper loans to big company at the end im getting my 5 to 6% fd
11 % are for 1 year
There is a difference between a middle class man taking a loan and tatas taking a loan. Try comparing the intrest rates 😊
Totally agree ...
Loan is needed but all examples given have much higher returns than loan interest rate so it's easier to pay back.
You right we want worse or best we need to change it
I hope after this people understand situation like Mallya happens because running a business requires liquidity.
Very true💯
People should know first how money came into existence and on what basis
And how it was implemented all over the world
Can you explain how?
Debt is the most powerful tool to get rich , if you use it correctly....
Exactly👌👍
Bhai uska business he credit pe hai, than he have to justify it in any how.
There's so many difference between ambani taking loans vs a normal guy taking a loans!
But as a business owner kunal sir is doing great! No hate Only Love ❤
He is spot on when it comes to rating. Also most of the middle class rural Indians after graduation are stuck because they don't have capital to venture and are afraid to take loans. Even if they do they squander.
True... Taking loans for right reasons like home loans and education loans are worth the investment. The house you buy is gonna give you great investment profits
The Richer(or famous) Person you're the Cost of Loan is more Less.....
Rich(Ambani/tata/adani) or famous (Ajey/akhsay/Amir/shahrukh) can take 100 Cr. Loan @7% within 2 days.......
And a normal person (say 50k/month income) can take 1 Cr. Loan @ 18% in 1 month....
Is that a question or piece of info to.... I mean second one?????
Its not because rich or poor.... because rich have more collateral than poor and he takes more amount so even if less interest more money bank can make.
Banks usually give loans on 3 or 4 times (4.5 best case scenario) of take home salary. Suppose your take home salary is ₹50,000 p.m after deducting pf,tax,pension and other deductibles ,total loan would be not more than 25,00,000 or 27,00,000( best case scenario) @ 8 or 9 % (variable) from scheduled banks for 20 to 30 years. No body will give 1cr on 50,000pm salary even nbfcs also
There’s a HUGE difference between Corporates and a common salaried man. Comparing “loans” for a Corporate and for a common salaried man can ever be same?
Firstly, Big players get loans at a much cheaper rate of interest than a common salaried person.
Secondly, they don’t fear defaulting, they just have to run away to London.
Thirdly, most corporates already have money in their accounts but still take loans to save taxes, and for other valid reasons. They can show expenses which a salaried people can’t.
Moreover, corporates take loans to build more assets or expand their businesses, they have a plan with a plan B, C and much more. A salaried person would take loan to buy a car or a house to live in, for which he’ll keep living from pay check to pay check and keep doing the job s/he probably doesn’t like in pressure because s/he has a loan to repay.
This will potentially decrease his/her power of taking risks. Ofcourse, good loans are good to have, but taking loans for buying more liabilities is mere stupidity . Marketing “unwanted” loans is nothing but promoting his business.
Tyey take loan to make more money out of it or can say for moving forward or to make assets
Not libalites.
Such wise statements 🙏🏻
He is absolutely wrong..
It’s important to see for what or which thing we are taking loan..
HOUSE OR BUSINESS OR ANY OTHER REASON..
LOAN IS A PHENOMENA BROUGHT BY BANKS IN THE SOCIETY TO RUN THEIR BANKS..
Your opinion
@@iampiyushsingh7544 richer and authentic don’t mean he is going to be right every time..
Look at the phenomenon of LOANS, why did that thing arrive and why do we got entangled in it was the question..I answered in that perspective..read it twice before commenting
@@pratikdeshmukh741 You must have felt smart by telling a guy who is higher in position: stupid and then stating the most obvious thing.
@@iampiyushsingh7544 you felt that way cos you didn’t understand the statement..you need 1000 readings to understand it I guess..I didn’t say anything to a guy..😂😂..read it twice..
@@pratikdeshmukh741 "He is absolutely wrong".
And your statement that banks want you to take loans to earn profits is the most obvious statement I heard today. The discussion here was why some people use loan to the fullest and grow their business and themselves and some just waste it.
Nothing is inherently bad, how people use it is the main point. My father took loans for his education and loan for his factory - both benefited him multiple folds.
Gonna show this video to my parents the moment I'll get call from IIM 🥺❤️
.. I hope you do. All the best! 🎵
Education loan is not an asset u low class
Haha, same here preparing for CAT
@@The_Skrill thank you and wishing the same for you ☺️
@@Rahulgusain9811 all the best ✨
Bhai dil jeet liya
And rating one was damn true
Yes 100% agreee
Most people in india doing jobs . it is very difficult to handle loans with private jobs . that's why people avoid it . this is a good thing because 2-3 loan amount and interest amount will cost them there whole life income .
They take loans to buy assets and reduce tax. We take loans to settle liabilities. Banks restructure corporate loans and even, let them off the hook (thanks to their friendly governments) with paying a small percentage of the total loan. Comparing them with us does not make sense to me.
Its not every person, every business
Truth about money is that.money makes money and debt is money
Such insightful 👍
He is really impressive
Well initiated through loans
Correct .. we are terrible at managing money.. that is why we shouldn't take loans.. unless you have a strong business plan..
Money is just a stock pile for banks. If someone need lots of cash they charge less interest. So low that sometimes it's just 4% for not so rich people also.
Cred will arrange you loan at 18% with late fees upto 800rs per default and credit score down to hateful level that even small finance banks will hate your feet at their tiles.
That is really practical
Kitne Smarty he sells his product , xD.
Last line take cradit this short...
Never funds your luxury through debts. Basic rule of personal finance. If reliance takes loan for operating business then reliance would be liable in case of default not mukesh ambani antillia.
Wow!! Somebody just said it what I think
It is absoluety wrong....😅 the loans taken by all those biggies.....are not at all personal or on their own income....liablity on them...personally is zero...
Loans are not bad if these are used to buy assets not liabilities.
who is this man vry right thou 👌🇮🇳
Take loans and start a company that doesn't make sense at all.
My city plan has consistent income source through interior and few other services which would be sold
So growth doesn't need loans, and it better should not
Take loan..make business..run it for 5 yrs...raise IPO and pay off the debt and with the remaining money be wealthy...move your losses to other peoples pocket.
Grey part missing
corporate law is different.
Loan intrests vary from 7-9% max 10% an mutual fund debt fund and stocks of properly invested yields 12-14% highest anything possible so u get 4-7% profit use in that use 2% for ur needs rest again invest
I’m still amaze why this guy wasn’t in shark tank
They do take loans and avoid repaying the same.
Difference Is bank never Chase these Big business for loan repayment like they did with normal person with Housing loan. Kitna bh dubaye koi baat nh tumne ek EMI kya miss kar diya gharpe aajayenge 😂
Insightful
There are people who throws party after their loans is passed....🤣🤣🤣🤣 And I am one of them...
Yes compare a normal everyday Indian with Mukesh Ambani who had like 5 Financial managers on payroll. Good comparison 🙄
Even in an advanced economy like the US, most everyday people don't know how to manage debt, that's why US is one of the highest indebted country in the world from a consumer debt perspective. Rich people can afford debt because they can afford to pay professionals who can manage the debt effectively for them.
This felliw talks sensible he convinces with his brilliant conversation
He meant business loans (only if your are already in it) not personal loans. Just stay away from it. Also, don't take loans if you're just starting
But without taking loan is the great bussiness
They take it because they generate more ROI than the interest rate
Bhai shorts mai jo hai unka naam toh mention kro .aapke channel pe search krna mushkil hota hai.same video nhi milta.
True
And every financial advisor:- don’t take home loan
And conscious choice
Rest should be internally sustainable
Raj Shamani while uploading reels also let us know the person who is in the video.
Though here I know he is Kunal from Cred
Motivational music laga ke kuch bhi bolo do...
Try taking a loan...you will understand
Sir you are Right. But they had took loan for become asset rich, not for liabilities. Dont fool people.
Phli baat wo company k naam.par loan lete hi , to seal. Hogi bus unki.company. na ki unke ghar , agar hum lenge to hamare ghar par tala lag jayega
True :)
Unless absolutely necessary loans should never be taken. Ambanis, Tatas are no ordinary people and they are of national importance. Govt will be willing to give them loans because they bring value to our society. Govt knows that they can repay all the money with interest. But most Indians are not of that level, rather they are quite far from that level. So instead of listening to these people, act wisely before taking any loan. Many families have been destroyed just because of this loan.
That's where quantum computing starts
Bro iski full video konsi hai
Loan use Karna aana chahiye for positive cash flow , for which knowledge is essential not loan
Promoting loan
Because cred offers loan.
That's it.
All of them do take lots of loan but doesn't pay back that's what make them wealthy.
I think there is only 2 types of loan we should take in our life. Home loan and Education Loan. If you want to do business, then many Loan doors are open for you
The problem is ordinary person with no political connections would never get a huge loan in favourable terms, especially without security.
Mallya, nirav Modi are all prime examples, recent yes Bank scam also displays vulgar crony capitalism
Think clearly, be an exception.
But richer have much lower interest rate than common man
@vlad 2%
That's so true🙄
It’s misleading…
Fun fact: Loan is tax-free that’s why rich 🤑 always take loan to avoid paying taxes if they use own money.
It's not the successful people takes loan.... It's the successful idea takes loan... Those whoever applied for loan they are on plan of action with huge result predictions. Realtime predictions works if you figure it out in practical way.
Yeah don't take a middle stance ever.
to sum it up, TAKE LOANS TO BUILD ASSETS, but
DON'T TAKE LOANS TO BUY LIABILITIES.
sahi khel rahe ho bhidu......loan lo aur cred ka dhanda badhao
This guy will bankrupt some of the banks
That's barbell strategy
Yes they do take loans most of them don't repay
noted
1 star or 5 star is 💯
No one going to tell you that.Big or small entity takes loans to save taxes.thats it
He is talking everything that the writer of rich dad poor dad talks
Loan itna Hai Lena chahiye, jitna money tumhare paas hai, tabhi ye sahi hai
When Bajaj finance sponsor comes on UA-cam