Debt Free Malayalam | How to solve debt trap |CA Subin VR

Step by Step way to a Debt Free life !
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Dave Ramsey's 7 Baby Steps are a popular financial plan for getting out of debt and achieving financial freedom. Here's a brief overview of each step:
Save $1,000 in an Emergency Fund:
Start by creating a small emergency fund to cover unexpected expenses, like car repairs or medical bills. This prevents you from going further into debt when unexpected things happen.
Pay Off All Debt (Except the House) Using the Debt Snowball Method:
List all your debts from smallest to largest, regardless of interest rates. Pay minimum payments on all debts except the smallest one. Put extra money towards the smallest debt until it's paid off. Once paid, roll that payment into the next smallest debt. This method gives you motivation and momentum as you see debts getting eliminated.
Build a Fully Funded Emergency Fund (3-6 months of Expenses):
After paying off your debts, focus on saving 3 to 6 months' worth of living expenses. This provides a safety net in case of job loss or other major financial disruptions.
Invest 15% of Household Income in Retirement:
Start investing 15% of your income into retirement accounts like 401(k)s and IRAs. This step helps you build wealth over time and secure your financial future.
Save for Children's College Fund:
If you have children, start saving for their college education. Consider using education-specific savings accounts like 529 plans.
Pay Off the House Early:
Accelerate your mortgage payments to pay off your home loan as soon as possible. Being mortgage-free significantly improves your financial flexibility.
Build Wealth and Give:
With no debt and a paid-off house, you can now focus on building wealth through investments, real estate, and other opportunities. You can also be more generous by giving to charitable causes and helping others.
Remember, these steps are a guideline, and it's important to adapt them to your own financial situation and goals. Consulting a financial advisor or professional can also provide personalized advice tailored to your needs.
Disclaimer: This video is intended for education purpose only and not for the purpose of soliciting business. The viewers shall take professional advice before taking any decisions on the matters specified in the video. The matters discussed in the video may subject to change due to amendments in various Acts/Rules etc. This channel will not responsible for any damages caused to the viewers.
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[@afsalas3896]

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സാർ ഞാൻ എൻറെ ഇൻകം ടാക്സ് സബ്മിറ്റ് ചെയ്തിട്ട് രണ്ടുമാസമായി ഈ വെരിഫൈ ചെയ്തിട്ടും ഉണ്ട് രണ്ടുമാസം കഴിഞ്ഞിട്ടും അത് അണ്ടർ പ്രോസസിംഗ് എന്ന് തന്നെയാണ് പോർട്ടലിൽ കാണിക്കുന്നത് ഇങ്ങനെ സാധാരണ സമയം എടുക്കാറുണ്ടോ ഞാൻ ഗ്രീവൻസ് സബ്മിറ്റ് ചെയ്തിരുന്നു അതിന് മറുപടിയിൽ കിട്ടിയത് ബാച്ച് പ്രോസസിംഗ് ആണ് ചെയ്യുന്നത് നിങ്ങളുടെ ടാക്സും അത് സമയമാകുമ്പോൾ പ്രോസസ്സ് ആകും എന്നാണ്

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സമയം എടുക്കും

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