FINANCIAL PLAN for INR 38,000 SALARY! | Money Matters Ep. 7 | Ankur Warikoo Hindi
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- Опубліковано 7 чер 2024
- Money Matters is a series where I have conversations with normal people such as you and I, on your personal finance issues.
It is important to note that I am NOT a financial expert, I am NOT SEBI registered, and I am NOT qualified to give financial advice.
Everything that I say in these videos is purely through my own experiences.
- So these videos do not offer any stock tips, or specific mutual fund recommendations or get-rich-quick schemes.
- I am not selling any product or service through these videos.
- None of the brands that I mention in these videos have paid me to mention them, unless I explicitly say so (and I will say if the video is sponsored).
This also means that my advice may not always be the right advice. So incase I make a mistake, the best way to correct me will be to share your point of view in the comments, so that everyone can benefit from it.
I am not perfect, nor claiming to be either and would love to learn and grow.
The idea is simply to help people with their finance journey and through their story try to help others who may have a similar story.
If you wish to be part of this series, please fill up this form forms.gle/uj9JPUBp8Wo9nZQi7
Join us for another insightful episode of "Money Matters" as we sit down with Manish, a dedicated government sector employee hailing from Ballia, Uttar Pradesh, and currently stationed in Tamil Nadu. In this comprehensive financial planning session, we delve into Manish's financial aspirations, challenges, and goals.
Throughout the session, we explore various aspects of financial management, including planning for significant milestones such as marriage, purchasing a car, and eventually owning a home in a tier-2 or tier-3 city, all within specific timelines aligned with Manish's aspirations.
Don't miss this engaging conversation filled with practical insights and actionable advice that can help anyone striving for financial stability and success.
Want to join me on the show? Fill this form and my team will reach out to you: forms.gle/uj9JPUBp8Wo9nZQi7
00:00 Introduction
00:34 Who is Manish?
01:40 Manish's expectations from Money Matters
03:00 Current financials
11:34 Manish's goals
16:45 Financial Plan for Manish
28:30 Follow-up questions from Manish
33:35 Conclusion
#FinancialPlanning #MoneyMatters #warikoo
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The above links are on Amazon.
If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L and in 2022 we contributed 53L.
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Money Matters is a series where I have conversations with normal people such as you and I, on your personal finance issues.
It is important to note that I am NOT a financial expert, I am NOT SEBI registered, and I am NOT qualified to give financial advice.
Everything that I say in these videos is purely through my own experiences.
- So these videos do not offer any stock tips, or specific mutual fund recommendations or get-rich-quick schemes.
- I am not selling any product or service through these videos.
- None of the brands that I mention in these videos have paid me to mention them, unless I explicitly say so (and I will say if the video is sponsored).
This also means that my advice may not always be the right advice. So incase I make a mistake, the best way to correct me will be to share your point of view in the comments, so that everyone can benefit from it.
I am not perfect, nor claiming to be either and would love to learn and grow.
The idea is simply to help people with their finance journey and through their story try to help others who may have a similar story.
If you wish to be part of this series, please fill up this form forms.gle/uj9JPUBp8Wo9nZQi7
Buy my new book 'MAKE EPIC MONEY' here: www.makeepicmoney.com/
My Money Apps: bit.ly/3Zg56eR
Start your own business: bigrock-in.sjv.io/6eZ1KK
My bestselling books:
‘GET EPIC SHIT DONE’: ankurwarikoo.com/getepicshitdone
‘Do Epic Shit’: ankurwarikoo.com/doepicshit
My gear for shooting this video:
🎥 Sony a7III camera: bit.ly/3M42wAV
🎬 Sony FE 24-70 f2.8 Lens: bit.ly/3KCCiF0
🎙 Shure SM7B Microphone: bit.ly/3O1NAVA
🔆 Fill Light 60W: bit.ly/37aJolP
💡 Key Light 150W: bit.ly/3O9nyjs
📽 Benro IT15 Tripod for Sony a7III camera: bit.ly/3O4PvJ1
Useful links:
20 books for your 20s: bit.ly/WarikooBooks
20 online courses for your 20s: bit.ly/WarikooOnlineCourses
Gadgets that I use: bit.ly/WarikooGadgets
The above links are on Amazon.
If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L and in 2022 we contributed 53L.
How can i get financial advice Over video call?
Government employees can own shares😱⁉️
Government job on top sir abb too mee bhii UPSE de rahaa ho
Very nice
Filled form twice no response 😂😂
Sir.. Ur financial advises helps so many young people in current generation to their future life.. Great efforts.. Stay blessed!!
Manish is very down to earth person I must say. Loved it ..
Tq so much 😊
@@Manish07070 how you got your job brother?
@@Manish07070 Can you please let me know in which department you are working?
@@Manish07070Thanks Bhai for serving Maa Bharati. All the best.
Ghar par kuch nhi Dena hai loan rent nhi hai khane peene ka kharcha nhi hai tohh Bhai kya financial planning chhaiye isko
I think he is from defence (Army, Navy or Air force).
He started career at 18 years... As he have 7 years of experience at age 25... Possible only when you are in defence forces starting in NDA.
Retirement after 15 years with pension that to inflation adjusted.. only defence personnel get this...
Maturity at age 25 ... only defence personnel we can expect from...
At that case travel expense would have been 0 as the cost is provided by the gov
Yes , thats what I was thinking off , what type of company and Job is etc.
Why didn't he disclose?
ये पक्का navy वाला होगा
He is definitely Navy guy
He is so clear with his financials and ready to learn more 👍🏻
Manish is so much polite and calm at 25. I was a personal and financial disaster at his age honestly
Tq so much 😊
I didn’t even know about money at that age 😂
I think that's what the defense life teaches you ...I am not even 10% as calm as he is 😀
@@RuchiinChinaRuchi in China😀😀
Maine tho iphone leliya at 22 i regret now i wasted 80000 rs 😢
Myself Manish 😊,
I want to express my sincere gratitude for giving me the opportunity to share on your platform. It was an incredible experience and a pleasure to be a part of it. Keep up the great work sir! 😊👍
Bhai knsi company me ho.Ap.jo.pension deti ye..
I think Defence personnel
It's my pleasure
Vai company bolo.
Ballia se 🔥❤️
Great Session. This series will help many of us to get financially independent at the right age. Hats off to Ankur for creating this space.
This video is much more realistic and relatable than the financial planning of people earning 20-50 LPA. Nice video 😊😊
Sir thanks to you for dropping the best videos/series on youtube. THANK YOU SO MUCH SO SIR.
This had me in tears @12:41 I feel him.
Having this mentality I believe he can never fail in life. A true provider. Respect
Lot's of love and blessings to you sir your content is really helping us all.
Really love this series.....it will really help us in making proper decisions with respect to savings and investments...... Thank you
You are doing great job Ankur, it is a great help for people like us !
Ankurji,
Last sentences regarding life relations and money are amazing..
Thanks you so much sir for the video.. Awesome video.. And very helpfull video
This is very good series.. This is more practical... We need more this type of content by picking various personas
Hi ankur
This series is incredible, and the thing which I like most that you are inviting those persons who are getting middle class salary on average and it really suits me
But why are you not accepting my form ??
Money matters ke episode dekhne m bohot maza ata h ❤
Genuine vlog...these type of ppl need your advice... thanks for the vlog
Amazing session
It will be really helpful to them who want to be financial freedom
Wow sir you're amazing!! ❤️
Warik sir is one and only person to give about detailed financial calculations. THANKS sir
😂😂
Ankur sir you a real best financial teacher
Great episode! The power of compounding is fruitful in long term, if we start early.
Manish is looking very confident and mature like the way he talks ❤❤
Tq 😊
Great job guy's ❤❤❤
Please like this video so that he continues this series
Valuable, love you Both.
Being a soldier i can totally relate with this video
Thank u manish bro
Amazing video sir salute
Nice sir and manish bhai thanks for the video🙏🏻
Ankur sir your sessions are always great. Very informative and there was very lucrative plan for infants as well.
Regards, Muhammad Adil from Karachi Pakistan
1. Study a bit more, work in USA/Europe for 5 years, get married and buy a house.
2. Work another 10 years in USA/Europe, invest 10cr in equity. Retire and focus on your family and hobby that generates revenue for yourself and future generation.
3. Someone in 40s will realise this.
How
Not as easy as it seems
Europes in recession..taxes are 50perc in dome plaves asduming he's in the higher earning bracket..its not possible the way u pitch it
defence m hai ye...17-18 ki age m recruit hogaya hoga....tabhi pension milegi...but itni nhi jitna ye keh rha...depend on the rank ...after listening his salary....he is not an officer....if he reached to JCO rank ...then only he will get 30-35k pension . otherwise 20k-25k hardly. Best of luck brother...serve well. I am also from defence background. My father is an ex service man. He is retired from JCO RANK. getting pension around 40k. That's why I got this that you are serving in Army.
I was wondering about his job - everything borne by company !!
I'm not getting it. I mean what's his job?? (Manish)
Nahi defense m h to 30-35K abhi milegi, he is right
If he is in navy
Jai Hind
Ankur, i actually had lost hope that i could do something with my life untill i came across you channel and how you give hope to the people with less salary.
Sir me apki aksar sabhi video dekhta hu per aaj message kya he mujhe apki baat samjhana bahut badiya lagta hai Tnx Sir
Hello Ankur, This is the best video I have ever seen.
Please tell us which is the best SIP for investment.
But mujhe ek cheez batao...he is so touchwood lucky... No rent to pay...no food expenses..and after 15 years when he will be 40...he will get 35k per month (or after inflation of Rs 55k)..for ever! I think 38k for a normal person like us .who have to pay rent etc...should be a salary of 60k ...
Yes exactly 💯. He is quite lucky no offence. Hope he achieve lot of success in his life.
He is in defence.he will be definitely getting those, not lucky he is chosen the way, he has joined military at an early age
@@ajayghodake9914 touchwood he will...
@@vivekb.m6458 right! Everything is a matter of choice after all
He’ll also be getting increments so any new expenses will mostly be covered there
I am blessed to have this learning sir thanks for sharing your valuable knowledge with us 🙏
Such a informative session... thanks sir...hope I will join u soon
बलिया जिले का नाम सुनकर भारत के प्रधानमंत्री चंद्रशेखर जी 'बाबू साहब' याद आ गए
If in future, after salary increment, our tax slab become 20%, then that 1.3-1.4Cr for home will just become approx 1.1-1.2cr after tax deduction and inflation adjusted value will be approx 40-45L (at 6%)
So better consider tax deduction as well while planning so far in future.
Hi Ankur, can you please share the sheet that you used to calculate approx 21% return? Can anyone please help if you know which video is that?
Naval personnel….Greatt way to provide everything…nd fulfill doubts
Great video, but returns bohot optimistic side pe h, usually while planning, we should take conservative figures to average out the market risk parameters
What are other people thoughts on this?
Am I just overthinking this?
You are right !! These are too optimistic. In this day and age , we are surrounded by many uncertainties.
For sure he must be working in defence sector
He is in Indian Navy
He is really a humble man who aspire for good quality life and putting effort towards it. He is responsible brother and son❤
Thanks @warikoo sir and Manish bro.
Bada hi clear mind ka banda hai
Tq bro 😊
I sometimes feel that, ye sab mujhe pehle kisi ne q nahi bataya .....bohot time, paisa aur mehnat bach jati......bohot mistakes hui hai mere se..... feeling guilty and sad..... 😔😔😔
I am 30, getting same salary.. right now jobless, looking for job. Stressed thinking about future. I am feeling the same!!!
Whats your age, whats your issue, would like to know.
Manish im at a same place as you in life! One the extra that you should have asked is that how can one increase the sources of income or his earning potential while working! If you can increase sources of income then you can invest accordingly.
Thanks for this video boss
sir , I respect and adore admirably your each and every words ❤ Thank you for such a good talk !!! Wow 🤩
Very well explained warikoo sir👍
Amazed how he's able to save 10lakh in PF at the age of 25 with 40k salary
7 saal service hai bhai ki
40k salary is actually after the PF deduction of 10k which he mentioned
He started deducting 10k recently, which he mentioned. And that's PPF not PF. Employee contribution will only be 12.5 % of basic, which in his case is ~4500 at max. So I don't think his statement of 10 lakh is correct unless he's been contributing 1.2 lakhs per year since he started his career
He started working at a age of 18? His company giving him 1cr term insurance, No limit mediclaim with family cover, leaves every 3 months, company accommodation, food, electricity. Amazing company. 😮
@@loveyatewari649kash aisi company hame milta
DONT YOU THINK AFTER 7 YEARS GIVING TO COMPANY HIS SALARY ATLEAST 50000 PM IN HAND ?
I think he is in navy
It's actually much more than 50k if u consider house & food is provided by the company itself. And he makes PF contribution of 10k which is also not part of 40k in hand... That means his Net salary is around 40+10+30=80k
I think he is central government employee maybe because Service is 15 years.
Sir IAM big fan you. You video is very helpful 😊. Love from Bangladesh ❤
Superb informative video ...
Piche to dekho...room chaka chak lag raha Hai...😂
Bhaiyon jitne log aa rahein hain Sb up se hi hain ❤
Up walon Attendance here
Sorry to say but UP came in top 5 poorest states in 2023... so because of that people in these states need financial knowledge so there are high chances you will find UP folks plus population is also more in UP. This is not to offend anyone. I really admire people from UP, they are very religious😊
@@Happysoul_3true
I am not from up😂
@@anupriya7411 kyon ho jao na
Gawarpanti mt kr yaha
The guy is very polite
Insightful ❤
If you are investing in home after 15 or 20yrs imagine the cost after 20yrs !! 1.4cr won't be enough to purchase a house after 20yrs !!!
He can increase his sip amount also
Gadi tilak me mil jayegi tension n lo😄😂
Rasta dikhawe khatir sukriya bhai 😂
😂😂
That's right 😂
😂
😂😂😂😂😂
Why don't you adjust SIP return after 15 years with minimum 6-7% inflation
Sir aap sip se retairment ke baray may batate h to aap us total retairment corpus me se expense ratio or tax ko kyu nhi reduce karte ho us total retairment corpus me se please reply please please reply
same ARMY jaisi life …am a soldier …mere jaisi life is bai ki😁❤️
Good I'm also solider brother
25 years old, salary 38k take home...kitna EPF me dal diya aur kitne saal me jo 10lakh ban gaya...hazam nhi ho rha he
Company pta kro konsi h Jo itta deri h
Wo 10k extra PF deduction karwata hai.. watch full video
Vo chodo ye 25year job running hai or ye 7 year se job kar rahe hai yani ki 18 year pe job lag gai 😅😅😅😅 kese tab Tak to 12 th complete huva hoga
@@funnyteb7 12th basis wali job hogi govt isliye salary km h abhi bhi .
LDC type
7 saal = 8.4 lakh + interest, lump sum, according to 10 k per month pf
@warikoo sir. In this video you mentioned as he has a good corpus build for the car loan (only for the down payment) and so he can take a loan for as much long and as much percentage he wants. Isn't the same applicable when we want to buy a home. Both the car and home are for self use, how is it different and why it is recommended to wait it later stage of life ?
Very informative video.
Ye banda navy mai hai 100% OR’s hai 😂😂😂😂
🤣🤣🤣
🤣💯
bhai OR's ho, JCO ho ya officer ho every rank is important...even if you are officer still you can't complete the task without these people
@@adarshsharma5623 hmmmm🙏🙏
🤫🤫🤫 Pyari smaj gyi 😅
Ssc cgl naAm ka exam hota h usme level 4 walo ko sbko
38k inhand hi milti
Z city m 😂
Par usmei ghar , aur khana nhi milta free ...jaisa iss bhai ko mil rha hai
@@vaibhavbhardwaj7248 aisi konsi govt job h bhai jisme 38k m rhene ko ghr or khane ko khana mile 🙂
@@At_Jaynt mujhe ni pta bhai...yeh vedio wale bhai ko hee puch
@@vaibhavbhardwaj7248video me jo ladka hai wo jhooth bol raha hai. Government job me HRA, and other allowance deduct hote hai free me kuch nai milta
PSU company me Kam karta he
wonderful sir thank you
Considering a 15-17% returns from here is tricky for ongoing 3 years is what I think ; especially when the tenure is less
Bhaiya konsi company me job karte ho jo itna jaldi lag gae or kya education hai apki .. kaise job lagi muje bhi bata do taki me bhi try kar lu please
Indian navy
Ye banda militry ka hai 😂
PSU company
Wrong.military walon ka minimum salary 60000 hai
Most probably navy😂😂
@@rkgautam3312🥹🥹kash esa hota
@@mahinaik2563 psu me itni kam service nhi hoti 15 saal
i like that way the sir guide to financial freedom. and they are not like others ki me akela bada ban jau wo sabko sath lekr badh rahe he. but i want to know in which company he is working.
This episode helpful for us.
Thank you sir and manish
Love you sir ❤❤❤❤ good motivation
Hey, You are from my Town Ballia , Up . I was just thinking that I have seen that face . But now i recognise it ❤
Sir plz also suggest people to change the job often to make more salary and also suggest people to invest daily rather than monthly ( or atleast weekly or bi weekly )so that they get a better entry rate …
Wow Beautiful knowledge
Ankur bhaiya what is the other safe investment i can do apart from pf
Sir which one is better mutual fund or small case
Sir, gratitude for the video. please suggest for the age of 40 years people who is planning to start something new. Because most people at that age might not get that support of financial planning
Great job😮 sir🎉🎉
Host , to u..must build a 🔈 software perhaps assist to do it in a best way..nice concept thumb 👍
Sir please🙏 don't quite this series❤
Ye to hamre zila hai bhai baghi ballia ❤
Haan yaar, 4RA pe deposits bhi bohot easy hain, bohot saare options hain, maza aata hai 😃🎉
Whether midcap100 and smallcap 100 are also Nifty i.e. Nifty midcap100 & Nifty smallcap100, pls suggest
lovely ❣
Very relevant session
Thanks 🎉❤
Hii Team, How can i fill the forms, i would love to understand and wanted to know about how to manage my investment and financial issues
Ankur sir
Kya apne pf account me 12% jada fund jama kar saktee haai
Agr haaa tokee jama kareee
Pls sir suggest me
uske benefit or disadvantaged
Dada onek valo video ❤
Hi Ankur, I am looking to invest in sip around 10000 a month. Could you kindly suggest few sips which gives good return.