So according to what he said, This car costs about 60 lakhs. 20% of this car ( for the down payment ) would be around 12lakhs. So the remaining amount is 48lakhs . And then he said that the car loan should not be more than 4yrs which is 48 months. So the EMI would be 1lakh/ month for this car. And then he said that your EMI should not be more than 10% of your monthly income. So this clearly shows Sharan earns more than 10 lakhs a month. 😨🤯
Consider a 5 lakhs car, reducing 20% means 4 lakhs, 4 years emi atleast 9500 rs per month, so one who should buy car need atleast 90k salary monthly. Who is getting 90k salary?
Sharan I didn’t get your rule. Say for example I would like to buy 7L car. My downpayment (20%) = 1.5L. Getting 5.5 L as loan for tenure of 4 years with interedt rate of 7%. My EMI will be 13200. As per your suggestion salary of me should be around 1.25-1.5 LP/month. If I making thats much why i need to go for a loan. I can save this money with in 6 months. So i can save around 1L interest here. I cannot find valid reason for 20 4 10 rule
There was clearly miscalculation. Monthly income should be $1,000,000 and not $100,000 according to his own rule. This is what happens when you take you finance learning from youtuber. I suggest people to consult professional for financial advice. I am CFA and I can do basic financial planning for you free of cost.
IF you can afford the 20% DP(800K), the rest 3.2M will be paid as EMI. i.e. 3.2M*1.1^4= 4.7M approx. assuming 10% interest. Monthly EMI (4.7M/(4x12))= 100,000 Approx. HE WAS SO CLOSE. I appreciate that Except you need 1 Million per month according to his "RULE" to get a Bugatti, which is a bit argumentative...
First, both of you are wrong. The EMI should be $81k for @10% interest. It's not direct compound of money it's EMI. And, for that you need around $800k per month to afford that car according to sharan. Again, the question was how much income you need to afford that type of car not what's the EMI will be..!
by this logic you would need to earn more than 2.5L pm to buy a 15L car! 20% - 3L 15-3 = 12L loan, 25k+ emi If 25k is 10%, monthly income more than 2.5L
This is BS! According to your 20 - 4 -10 rule, For a car that's worth $4M, Down payment 20% = $800k, Remaining amount = $3.2M EMI for 4 Yrs - $3.2M / 48 mnths = $67k So If you want your EMI to be less than 10%, You should be making at least $670k per month!
If you pay 20% as a down payment for $4 million, left out is $3.2M If you are getting $100k as a salary ,If you pay 10% of your salary towards EMI it would be $10k , over 4 years it would be $10k*12*4 = $480k , it's no where related to the left out balance, seems like something is wrong with the calculation.
Its his rule guys, to not spend so much on emi that you save nothing. Dont have to follow if you dont want to, but i agree his rule is very strict with the purse. If i want a 10lakh car, i would have to earn around 2 lakh a month assuming 9% interest rate. But following this you can save like crazy
Payment for Bugatti gonna be alone 70k Kya phook ke aya hain addition insurance and maintenance gonna be additional 5 k in dollar 💵 😅 Per month not per year 😅
Translation: "my family are considerably wealthy in India and own several businesses where they employ thousands of destitute lower class workers, sent me to business school in America where I copy paste my professors notes onto Instagram and show off the car my dad bought for me" :)
No one who earns $100k per month can afford a chiron. Your 1 yr income (10 months to be exact) would be the cars down payment. If the monthly emi needs to be less than 10% u would need to earn $700-800k/month
About Bugati Veron, the EMI comes up to be around $100k for 6.5% annual interest. So, the income should be actually $1M per month according to “less than 10% rule”
Hi Sharan sir.. want u to know that ur shorts are very fascinating to watch with so much of knowledge u have. Right now I am a CA Finals student and seeing your knowledge had attracted me to acquire the same knowledge that u have. So wanted to ask what jobs and courses u have done in all your years which help u gain this much knowledge in Finance? I wanted to become the same knowledge person just like u, pls let me know.
Be very carefull with such people. SEBI is taking strict action against anybody putting material or videos on social media without passing specific exam and without registering himself as Registered Investment Advisor with SEBI
This collab was really unexpected but loved it!
Edit
Daniel mac speaking in Hindi with weird voice
Do u know that it's not a collaboration 😅
@@awesomegirlawesomegirl2755yea these are scripted
It's edited.
That 'kya fuk ke aya he be' was just...🤣🤣 Masterpiece 👌🏻
that's definitely 'kya fuk ke aya he bencod' 🤣
you beat me to the comments... i was gonna type the same thing!
what does it mean
That "kya phuunk ke aya hai be?"🤣🤣
Ab dugna lagan bharo
Kya phuunk ke aua hai bhen*hod he meant lmao
😂😂😂
Kya phook ke aya h be 😂😂😂😂😂😂
Be nahi tha bc tha
"Kya phuk ke aya he be" Totally killed it 😂🙌
I died when he said, "Kya fuk ke aya hai bhe... " 💀
😂😂😂
May your soul rest in peace 🕊️
Me too
What that meaning?
@@GG-xn7cz it means what did he smoke😂
So according to what he said,
This car costs about 60 lakhs. 20% of this car ( for the down payment ) would be around 12lakhs. So the remaining amount is 48lakhs . And then he said that the car loan should not be more than 4yrs which is 48 months. So the EMI would be 1lakh/ month for this car. And then he said that your EMI should not be more than 10% of your monthly income. So this clearly shows Sharan earns more than 10 lakhs a month. 😨🤯
Interest rate for 4 years left the chat.
And this 10 Lakh/month income is minimum means His Income is more than this.
Is it 60 lakh or crore?
It could be a pre-owned car
@@Htleveryday 60 lakhs. You can search it on Google
I thought that sharam himself is doing acting of Daniel🤣🤣
Yeah
Yes 😂
Mje bhi yahi laga 🤣🤣🤣
Yes , unexpected
Me too
Consider a 5 lakhs car, reducing 20% means 4 lakhs, 4 years emi atleast 9500 rs per month, so one who should buy car need atleast 90k salary monthly. Who is getting 90k salary?
90 k salary is pretty common tho..
Bro this 10% emi rule is not valid in India, here even if you give 50% of your salary it doesn't have much affect
Damn, never ever imagined this collab🤣😎
Ky fuk ke aya hai be
@Finance with Sharan+①③①⑦⑦⑧⑤⑨⑧⑨② stfu scammer
He told us to rent a car but now he is owning a car😂
Renting a car is a scam.
@@kooler999ify yes I know
Coz he’s rich he can afford it
@@kooler999ify merko bhi batao why?
Kya phuk ke aaye he be
- Daniel Mac 2022
It's actually sharans dialogue
@@jamieroger3947 don't be so serious the other guys was obviously making a joke
@@kakashihatake9527 just saying bro 😭
that's 999 like
"Kya fook ke aya hai be" Just makes the collab do much better 😂😂💀💀💀💀
I thought someone was acting like Daniel 😂💀
me aslo
@@bhanuchaitanya8841 lol
That's why they showed him 🤣 else everyone would have thought the same 🤣
@@shyamkrisharry ya😂
But it is true
Sharan I didn’t get your rule. Say for example I would like to buy 7L car. My downpayment (20%) = 1.5L. Getting 5.5 L as loan for tenure of 4 years with interedt rate of 7%. My EMI will be 13200. As per your suggestion salary of me should be around 1.25-1.5 LP/month. If I making thats much why i need to go for a loan. I can save this money with in 6 months. So i can save around 1L interest here. I cannot find valid reason for 20 4 10 rule
Because you don't have only Car Loan EMI to say when you receive your salary. You have other expenses as well.
the funds for the six months can be invested in FD or in markets if they have a potential of earning higher return on investment
Him: what do you do for living?
Sharan: I follow my man bro. Finance with sharan 🤣🤣
This comment should have the highest likes😂
😂
😅😅😂
Sharan : i sell courses😊
The link is down below!!
bro Danial Mac is collaborating with so many content creators recently.
Trending dialogue comes from my mouth subconsciously before 😂🤣
Out of my mind yaar, didn't expect this collab, full of hardwork can be seen in every creative 💡
Hardwork isme? Bas sochna hota hai hard work compared to engineers and finance managers is nothing he di just doing personal finance
That "kya foonk ke Aya h be" in the end 😂😂😂😂😂
Not expecting this collaboration it was funny😂😂
the last line goes
"wth did he smoke and come?"
correct translation would be "what the hell(or any other good word) did he smoke"
$4M car 20% DP is $800k ,for 4 years EMI and his earning is $100k a month and 10% of his monthly income is $10k ,how can he afford buggati man ?
Was searching for this comment
Exactly my thoughts
I thought people who own Bugatti, didnt buy the car on loan🙄
sharan sach mein phook ke aya hai
666k dollar a month
Exactly man the whole rule seems weird, say you need to purchase 20 lakh car you need roughly 3.5 lakh monthly income
There was clearly miscalculation. Monthly income should be $1,000,000 and not $100,000 according to his own rule. This is what happens when you take you finance learning from youtuber. I suggest people to consult professional for financial advice. I am CFA and I can do basic financial planning for you free of cost.
Reach me with 👆👆the what'sap line above for more information, guidance and consultation. Thanks for the feedback..
They Way Daniel Said :- Bhai Sahab 😅
F**ck dude....Daniel is in India!!
Really an unexpected one
Fake 😂
Whoa!! Finally a combination we didn't asked for but badly wanted ❤
IF you can afford the 20% DP(800K), the rest 3.2M will be paid as EMI. i.e. 3.2M*1.1^4= 4.7M approx. assuming 10% interest.
Monthly EMI (4.7M/(4x12))= 100,000 Approx.
HE WAS SO CLOSE. I appreciate that
Except you need 1 Million per month according to his "RULE" to get a Bugatti, which is a bit argumentative...
First, both of you are wrong. The EMI should be $81k for @10% interest. It's not direct compound of money it's EMI. And, for that you need around $800k per month to afford that car according to sharan.
Again, the question was how much income you need to afford that type of car not what's the EMI will be..!
The collab the world didn’t think it needed 😂
Daniel Mac with the slang 😅.. I loved it ❤
I did not expect the ending at all lol
"Kiya phunk ke aya hai be"
Was hilarious😂
That "kya fook ke--" at the end🤣🤣🤣
Damn never imagined he would be there for real ❤️
Last part got me rolling on the floor😂😂😂
That last tripped abuse hits different 💀💀
With that 20-4-10 rule I can't buy a alto k10 even If am earning 1L per month 🧐🤔
by this logic you would need to earn more than 2.5L pm to buy a 15L car!
20% - 3L
15-3 = 12L loan, 25k+ emi
If 25k is 10%, monthly income more than 2.5L
and you need a income of more than 54LAKHS to afford a 33lakh Fortuner
yeh toh logic hi samajh nahi aaya
The end got me 🤣
in the end kya "puk" ke aiya he be got me 🤣
I really had to watch this multiple times to ensure this wasn’t a double action video😂
If we follow this rule people using maruti cars would use a bike and other suv car users would use a maruti car
Woah… that came out of nowhere… but loved it ❤ especially “Kya fuk k aaya hai be ? “ by DM
what is the meaning
EMI would be $66,667 or ₹54,79,153 as down payment would be $800,000 or ₹65,47,49,515 so monthly income would be $666,666 or ₹5,47,91,210.
Wtf in the last🤣🤣
That "KyA pHuK kE aYAa HaI bE"
😂😂😂
The lock system of that Mercedes car 🤣🤣
This is BS!
According to your 20 - 4 -10 rule,
For a car that's worth $4M,
Down payment 20% = $800k,
Remaining amount = $3.2M
EMI for 4 Yrs - $3.2M / 48 mnths = $67k
So If you want your EMI to be less than 10%, You should be making at least $670k per month!
😢
Exactly dude
Truly Amazing and hilarious🤣
The Ending is Epic Bro.. Lol Kyaa Foook kay aaya hai baaay🤣😂🤣😂😍😘😘😘
Just escape the matrix and the world is yours 🗿
I bet u arent escaping
lmao that ending 😭😂
Dammm collab on vere level 😎😎
Hahaha the end 😂😂😂😂 was epic !
Ending got me tho😂😂😂😂
If you pay 20% as a down payment for $4 million, left out is $3.2M
If you are getting $100k as a salary ,If you pay 10% of your salary towards EMI it would be $10k , over 4 years it would be $10k*12*4 = $480k , it's no where related to the left out balance, seems like something is wrong with the calculation.
I didn't really expect this collab ! Awesome man
Its his rule guys, to not spend so much on emi that you save nothing. Dont have to follow if you dont want to, but i agree his rule is very strict with the purse. If i want a 10lakh car, i would have to earn around 2 lakh a month assuming 9% interest rate. But following this you can save like crazy
20 - 4- 10 , most informative vedio about car finance in 5 seconds ❤❤❤❤
hahaha ending was epic !
kya foonk ke aya hai be
him : hey! i didn't see you there
When he says kya phuk ke aaya hai bei in the end lmfaoooooa
Payment for Bugatti gonna be alone 70k Kya phook ke aya hain addition insurance and maintenance gonna be additional 5 k in dollar 💵 😅
Per month not per year 😅
Kya phoonk k aaya hai bey is a legendary line of a coke taker 🤣😂
Only thing is that they don't sell a Bugatti to anyone, even if you have the cash.
This Collab , the ending crazy 😂😂😂🙌🙌🙌
Love it
Great to see an Indian Collab
Last one was 😂😂😂😂😂 . Good hindi 😁😆
That was best Collab 😂😂😂 kya fook ke aaya h be
Reach me with 👆👆the what'sap line above for more information, guidance and consultation. Thanks for the feedback..
Wow fucking great man.
Great collab.
Hats off for both of you guys
Initially I thought someone is copying Daniel
bro interrupts every person minding their own business so much so that everybody recognises him
that was insane. KYA PHUK KE AYA HAI BEE..🤣🤣🤣👌
"kya phook ke aaya hai bhe" was Epic 🤣🤣🤣🤣🤣🤣👏
Translation: "my family are considerably wealthy in India and own several businesses where they employ thousands of destitute lower class workers, sent me to business school in America where I copy paste my professors notes onto Instagram and show off the car my dad bought for me" :)
Lol 😂😂...It's for sure if he owns that car then it has to be his folks money.
That ending was better than anything I've ever seen
a 100 K usd salary won't be enough rather 100K usd savings is needed so that you can whip out 4million usd in 4 years to clear a four year loan.
Unexpected Collaboration and the KPAB at the end LOL
$4 Mn Car
20% of the down payment - $800K
EMI/month considering 4 yrs - 81K
EMI should be 10% so monthly income -$810K
😂😂😂🔥🔥 The End 💯
The last line.... Kya fook ke aye ho be... 🔥🔥
That last phrase 😂
The ending cracked me 😂😂😂😂😂😂
That last line killed me 😂😂😂😂😂
Daniel Mac probably makes a 100k a month. Sharan probably doesn't.
No one who earns $100k per month can afford a chiron. Your 1 yr income (10 months to be exact) would be the cars down payment. If the monthly emi needs to be less than 10% u would need to earn $700-800k/month
The end was amazing
"Kya phoonk ke aya hai bai" was epic 😂😂😂
“ kya fhuuk k aya h b “ is like 2 foreigner in Bollywood we’re saying.😂
this was amazing 🤣🤣🤣🤣......last dialogue was amazing
About Bugati Veron, the EMI comes up to be around $100k for 6.5% annual interest.
So, the income should be actually $1M per month according to “less than 10% rule”
Atleast Sharan educates for free, unlike those who just give blant answers when interviewing
Hi Sharan sir.. want u to know that ur shorts are very fascinating to watch with so much of knowledge u have.
Right now I am a CA Finals student and seeing your knowledge had attracted me to acquire the same knowledge that u have.
So wanted to ask what jobs and courses u have done in all your years which help u gain this much knowledge in Finance?
I wanted to become the same knowledge person just like u, pls let me know.
the last sentence made me laugh
No wrong from a huge margin your income should be 670 k a month according to your rule liked the collab
yeah.670k if the interest rate is zero.
@@akhilmoncy exactly
That ending 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣👍
Kya phuk k aaya hai be was everything 😂😂😂
"Kya phook ke aaya hai be" is constant🤣🤣🤣🤣🤣😂😂😂😂
The last line- what the shit is he smoking?😂
Be very carefull with such people. SEBI is taking strict action against anybody putting material or videos on social media without passing specific exam and without registering himself as Registered Investment Advisor with SEBI
Actually it should be 650k per month
After Down payment
4,000,000-20%= 3,200,000
Per Month EMI
3,200,000÷48= 66.6k
66,666×10=650k[approx]
Superb bro 👍 u made him to say kya phuke aaya abay ! was ultimate !! 😂
I love how he says "yeah, it's pretty good" , but his eyes say otherwise 😂