This video comes with an excel sheet, check here: bit.ly/45Q9xi6 My Money Apps: Indian Stock Investing (Zerodha): bit.ly/3iYKROh Mutual Fund Investing (Coin by Zerodha) (You will need to create a Zerodha account for it first. Coin is free): bit.ly/3iYKROh US Stock Investing + Investment Tracking (INDMoney): bit.ly/3tT5moR Portfolio Investing (Smallcase): bit.ly/3u0is0I Corporate Bonds (Wint Wealth): bit.ly/3sbUI8c How to pick the right insurance (Ditto): bit.ly/3xFh7OU The above links are for products that I personally use for my own investing. If you create an account on any of these using the above links, I stand to make a referral income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L and in 2023 we contributed 52L. DO NOT assume that these are the best products in the industry. Please do your research and let me know if you have any questions. My bestselling books: 'Make EPIC Money' here: amzn.to/3WHJ43F ‘Get EPIC Shit Done’: amzn.to/4fK1IR5 ‘Do Epic Shit’: amzn.to/4fK9uuv 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 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, in 2022 we contributed 53L and in 2023 we contributed 52L.
Hello sir... Give me a suggestion please, I just started a travel blog channel, shoot with my phone. But it produces so much heat, that's why I can't shoot properly. I started mutual fund last year and I'm 4000/- profit on the total amount. Should I break my funds to buy a new camera ? And start again investment now ????
Bhai Mai aapko bank walo ki tarf se fraud batata hu bank farzi Ruppaya mai len den kar rahe Jab hum loan lete hai tab bank Hamare Account Mai Digital Number Dikha deta hai Jisne bank se loan liya hai agar nahi bharta hai to jis cheez par unhone loan diya hai usko kabza lete hai Humane baatcheet ki aap hamre sath farzi Ruppaya diya hai Agar aapne nahi diya hai to aap hume likh kar de diyje tab bank likh dene ko tyaar nahi Phir baad mai bank notice pe notice bej deta hai jab loan nahi bharte hai Iske aage manie Devender balhara ki Videos dekhi jinka Channel NIDER INDIA hai Unhone hame bataya ki 1 Ruppaya 777milligram GOLD ke baraber hai Phir hame bank ko Likhit paper mai hamne pucha ki hamre paper kay jawab deydo tab bank ka koi jawab na koi notice aata hai naa hee koi phone Iska matlab saaf hai ki bank Fraud kar raha hai Devender balhara ji ne 60 caro par 50 se jyada Jamino par experiment kar chuke hai Agar aapko meri baat mai dum lagta hai To aap inke channel par jayie kul 10 ya 15 videos mai saari baate samaj aa jaye gi
I bought a bike worth 1.3 lakh in 2012 when my salary was just 22k. The memories I made on that bike and the happiness it gave me are far far more valuable then any excel calculation or the money i could have saved. Life is to live, not to just survive looking at excel sheets
Great to hear! See there are many intelligent people who say not to invest on depreciating assets but value of a bike and car cannot be calculated over excels unless you are highly environment concerned and want to end life for polluting world. But as per my theory, if I want a 1.3 lak bike on 22k salary, I would simply not go for bike loan, I wish to manage for few months and save the total or manage from friends, credit card and clear it without interest. I did so for my bike, no loan attached. I feel it's better to pay a personal loan with 1% higher rate than a vehicle loan and hypothecate it loan providers. If I'm looking for car, my source would be a chit fund. In both cases, common is a bit of waiting and acting timely so that I don't get trapped in any sort of commitment. But both car and bike are Paisa vasool. If you think and act as per options available to you to lead a loan free life, you can find the best car that fits you. Not surely like a warikooo
if you survive looking at excel sheets and controlling your spending for next 7-10 years.. life will give you foreign trips and big houses and cars.. if you live life for today .. it will give you loan traps and headaches and you will work more harder for job just to survive in your mid 30ies.
@@ShobhitTechVideo Im in my mid 30s. Enjoyed to the fullest in my 20s also worked hard and still work hard. Have saved as well as enjoyed life. Still ride a 650cc motorcycle and drive an awesome car. love collecting watches too. Earnd and saved enough to buy a house and do foreign trips too. Life is about striving and achieving, not doing excel finance calculations and saving it all in the hope for a better future, which may never come (another covid/ world war). Of course saving is important, so is having fun and spending
@@ShobhitTechVideo seriously not! What is debt for you is lifeline for someone. What is luxury for you is taste for someone. So it's individual decision not surely that who did a video will never get default or frauded
@@wildskyper well i know that.. what i don't understand if someone wants to live life to fullest and live life according to that.. then why click on videos that teach to save money and invest.. and then laugh at the excel calculations shown.. well if someone wants to save money and invest .. excel calculations help in the stock market and life savings..
I spend around 28% of my pay on my car with no regrets. I am currently working from home sitting all 5 days in same 4 walls and when that 6th day of week comes, I have to have my car on highways.. push them up vibing with punjabi songs and thats how we live, it takes off all the stress of those 5 days and thats how we enjoy life. Its not just a car its an emotion
I completely agree with you bro, if u won't brought the car after 5years u would have on rear seats of the car with a shawl or blanket with Md. Raffi sahabs song "kabhi kabhi mere dil main khayal aata he"song. 😊
@@AadipanditX If you want to buy a Baleno base model it will cost around 8 lakhs on Road with important accessories....If you are unmarried and don't have any responsibility of other family members then I think you can definitely go for it.....But if you are married and your wife is not working then I think you should consider different options which are affordable like Celerio or Wagon R...
@@AadipanditXBuddy why take loan? Invest your money isn't it better? You can buy the car in cash. In loan you will pay EMI just pay that amount in Mutual Funds for 3 to 5 years then buy the car in cash. You will not have to pay interest rather you will earn more than the money you have accumulated.
This video was great...gave a reality check. But is also traumatising because basically these days middle class people won't be able to purchase it on their own if they don't have parental wealth.
@user-po2gh2fk4e sunnke accha laga magar middle class rupiya jama karte karte retire ho jayega job se. Phir Retirement ke baad kiya karega wo jb khaane ke liye teeth he na ho.
Actually it should be calculated against a traveling expanses , Eg I live in village , nearest city is 15km away , I need to updown daily and it takes 30rs for bus daily Monthly atleast 900 rs So for me it's always better to buy a bike with an average at least 60km/l So my monthly petrol cost is 1500 which is just 600 rs extra And it saves my time 😁 + I take one more parson which contributes half in my petrol so I cost 200 less than a bus 🚌
Actually u are right and u will also get more comfort from Ur own bike u have done a nice decision .we middle class have to sacrifice many things in our life time
It depends on everyone's priorities, personal finances and lifestyle. Everyone prefers to spend differently on everything. Someone might want to spend 1 lakh on a phone whereas someone might want to own a big car. It is always important to visualise and understand the impact of purchase on your own finances and then fulfill your wants.
One thing he does not highlight is the room rent in the metro city. This above-mentioned rule will be applicable only to those who just use an auto for a 10-minute ride. Whereas most of the Indians live outside of metro cities. Rent/EMI in metro city is 20k avg, whereas outside the metro rent is 7k with better flats, so you can also avail a car for your comfort for the remaining 13k. You have to choose the priority.
I see so many negative comments here, we will understand it only when we are in their shoes. In 2019 I went for a basic hatchback which costed less than 10 percent of my salary. This creates a peace of mind
Sir I watched all your car buying videos ... Meri family.e aaj tak koi 4 wheeler nahi hai. I was thinking of going with Swift 2024.. ab based on my in hand 7 lpa salary and 20 - 4 -10 rule.. I can't afford it... Ab main 2014 model 2nd hand Swift lene ja rha hu ... Jo mujhe 1.5 lakh me mil rhi hai... Down the road jab meri salary 10lpa + hogi tabhi nahi gaadi lunga... Thanks for such a realistic video
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly 😊
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choi
that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s your financial advisor or coach, do you mind hooking me up?
The adviser I'm in touch with is *CAROLINA MELINA PHERSON* she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me she strategy works hence my result. She provides entry and exit point for the securities I focus on.
As per this rule, to buy 10lakh vehicle, we need to earn around 25-26lakh in hand per annum. So in 30lakh ctc you can only afford Baleno😂 This rule makes no sense for tier 2-3 cities and village people who have very little extra spendings. Its only applicable to people staying in metro cities in rented or emi house.
अंकुर भाई आपकी वीडियो शानदार होती हैं। और सभी को जरूर सीखने को मिलता है। लेकिन जिंदगी में शौख भी जरूरी होता है। सभी नही लेकिन कुछ शौक दिल के बहुत करीब होते हैं। उनमें गाड़ी खरीदना भी। मिडिल क्लास आदमी सारी जिंदगी दूसरे के लिए कमाता है। और जब अपनी बारी आती है तो वो वैसे भी बहुत विचार करने के बाद सोचता है। इसलिए अगर वो भी रूल के हिसाब से पूरा करना हो तो क्या ही मतलब। बाबू मोशाय जिंदगी बहुत छोटी होती है उसे बड़ा बनाना है लंबा नहीं। 😊
2nd hand car is best choice for salaried employees. It helps in saving taxes like GST , cess etc . Car should be used for travelling and not for show off
@@IdlyVadawhy will you finance a second hand car , instead of paying 3 lakhs down payment for first hand car, u wil get second hand car with good condition and chk th car and buy no issues at all ... Keep 20k extra for repairs since it is second hand...u are good to go no need to pay emi rest of ur life
Thank you, Ankur, for sharing these nuggets of financial wisdom with us. Fifteen years ago, when my take-home pay was just 85k per month, I bought a car costing 5.4 lakhs. Perhaps it was not a financially savvy decision, as I was naïve, and there were not many resources like these around. However, I do not repent this decision, as I have used this car thoroughly and I bought it outright of my savings.
First of all Thank you so much ❤ for saving our time and efforts in calculating this before taking any decision. I want to add some minor tweaks in this to enhance this sheet. 1. E.g. In my knowledge, there is not any superbike which gives 35kmpl mileage which might impact calculations. 2. Vehicle Insurance needs to be renewed every year, hence it should also be taken into account. (For cars: 15-20k onwards depending on model) Hope this is useful 😀
I bought a brand new Hyundai Xcent second base model in 2017. It costed me 6.30 lakh...after that I spent another 1 lac in customising the car. At that time my salary was just 27k. Got carried away. I took a car loan of 7 years.. Squandered a lot of money.
Excellent illustrations..! It's an eye-opener for most of the younger executives.. 🙏🙂❤️💐 But, the prices of Cars assumed is very less as per the latest pricing... it seems it is assumed for pre owned cars...😅😊
I have see a lot of your videos. Love how you use excel to create savings, returns and help people become Crorepati. If you can also share how to produce food and live life in excel, it would be immensely helpful. Thanks in advance
I see many harriers and safaris in my neighbourhood. Colleague with similar pay as mine got suv700. Either they are totally unaware of this rule or those are from sasur ji.
The only problem I see here is the interest rate offered for Car & Bike financing is different, as per industry. From what I understand, finance options for bike are over 10-12%. Maybe some industry experts could proof this. But definite eye opener though!
I think about to buy car of 20lac and now after view your video. I change my mind to save more money. thank you Ankit sir. thanks for sharing knowledge..
@@Akash-d3f8q then tbvh you should definitely avoid purchasing a 20 lakh car trust me atlast it will be just a show piece of your garage Personal experience se bata rha hu
This will also depend on the savings the car would bring on per se commuting charges as well as time in commuting, the family structure, and other personal finance calculations.... budgeting can be done on a bigger picture as well
25 Kmpl peteol mileage. Hybrid bhi itna nahe deti sir. I have seen first video that Ankur made without reaserach and deep diving. Also swift exshowrrom is 6 lac for lxi not dezire
Owning a car also brings a lot of flexibility if you run a small business. The cost of time wasted using public transport and the mental stress it brings also results in lost potential. His theory and chart are valid for salaried individuals and only to some extent.
Even for salaried persons...what's the point in simply looking at Excel sheets and not having fun. I get that you don't have to get a car that's way insane for ur personal income, but getting a decent car to go on road trips and to take your family is far better than what he has said.
@@DrDothraki Owning a car you can't afford will only bring stress to your life. You can't exactly have fun if you are paying 34% of your monthly income just as car payments, how are you going to pay your house loans, your grocery expenses, and your bills after that? With all that, will you have anything left to go on that road trip you are talking about? Well, "you" in here isn't assuming your specific case but a general person in the above Excel sheet. The best way for someone earning 6 lakh income is just to go for a used second-hand car. You shouldn't dream of getting a new car unless your income is above 10 lakhs, or you won't have money left to do other things in your life.
I really don't get why these fin tech influencers use Western rules all the time. Where the car is half the price and income is 5x compared to our country.
Bro the max salaries being given these days are 70 lpa package. After removing taxes and variable components, they get max 2.5-3lpm. It is brutal out here.
@@dimaagkharabhaimerais Ur logic dead 😅 man we indians (middle class ) are expert in saving my neibour purchased 15lakh creta with 35k salary (obviously he had saving from years ) but this law therefore is invalid for middle class man u can buy a car worth upto 30 lakh with this much salary
Akur missed on so many things, the cheapest car available in middle variant will cost now 6 lakhs on road that is Alto K10. In Karnataka the Top end Automatic will cost 7 lakhs in July 2024.
For Alto example, you were supposed to take 20% of the car price as down payment. Instead, you took 20% of annual salary which is wrong 😀 Also, with 6L income a yr n with this math, even Alto isn’t affordable. Need to consider all the other expenses😀
That is right if salary is just 6L priority should not be car.. unless you are settled. And family has everything not dependent on you and you have no emi or anything to worry about.
I actually 😢 understand u are right My father were working from last 20yrs (principal at gov school) he buyed nios for our family after too much saving it was very happy moment but man you are right man
that is why i bought a used Toyota Etios with my down payment money (2.5 lakh) and since it is a very reliable vehicle, i am more than happy with it. My friend took a loan and bought 3 lakh RE Bullet and he is in a bit of a financial crunch currently
If you are the only earning hand in your family and dont have your own house ...then it is very difficult for you to buy a car even with the 50000 salary
@warikoo, thank you for such wonderful analysis. I have one question: why you advice to limit the tenure to 4 years? Assuming I'm a financially disciplined person, long term 12% cagr return from nifty, wouldn't it be beneficial to just minimise the emi and invest the surplus in the index? (same for the down payment ) I did the calculations and it seems yes it would be beneficial. could you please share your thoughts on this? thank you 😊
Is is sensible to have the full car cost in your account but still take out the loan and invest the remaining (apart from downpayment) for the same period of time?
Only and only, if your gains (after tax deductions) are greater than the extra money (interest on loan amount + GST) you gave to a bank or financed party for a vehicle.
There is one more rule as per financial advisors the car 🚗 price should be 3 months of your gross salary and as per my analysis you can take it upto 5 months of gross salary.😊
Wow 😂 man u will never afford an alto by this logic Ur I guess 😅 small or not have started earning Man . But it depends obviously show off is wrong but comfort is also imp after working for 25-30(I mean age ) yrs of Ur life
@@blessed6874I agree but not everyone owns a business. Even I don't spend more than 8% of my monthly profit on car emi. But for my work I spend 4% of it on fuel and maintenance. My family (I, my brother and father) earn around 15 to 18 lakh inr as profit per month. Do you think employees who are even working at TCS everyone earns even 1 lakh inr per month? Even the cheapest car which is Alto K10 monthly EMI is 9 thousand rupees. To buy even the cheapest car they need to earn more than 1 lakh which is not possible for those who are an employee. Businessman should spend way less than a person working as an employee. I agree with the 10% thing but that's only for businessman but not for those who are working. Also it depends on different factors. For instance if a person cab fare per month is equal to a car EMI then he should get a car. The thing they could do is rather invest that EMI amount in Mutual Fund and after 5 year buy the car in cash. And should start saving again for the next car.
Alto is no longer for 3-3.5 lakh. It's easily between 4.5-6 lakh. How can your research be off for such a simple datapoint?! May be your impression is from the time you bought your first car
Here i am suprised after reading the comments of other guys, that how people bought their favourite vehicles even if they were expensive as per their pay, just for that love, thrill and memories. Whereas me here doing well in my studies, and a “sanskari ladla ladka” of a dad having net worth of 200+ crore driving kia seltos and bullet.
Your financial freedom is more important than any temporary desire. Prioritizing long-term stability over impulsive spending on wants is key to achieving true independence.
Money isn't my problem anymore. I'm so excited 😊, my life totally Changed since I invested $3,500 and now make $31,900 every 10, days. God bless Expert Michael Allen
Mr Michael Allen you are so amazing. Even with the fluctuation in the economy, I’m so excited I’ve been earning $145,000 from my $10,000 investment every 10 days
Can you kindly let me know how to get the Excel Sheet. Am unable to find out from comments. And also ignore all the unnecessary comments because personally I feel you make sense of who wants to live life peacefully.
Ankur Sir, thank you so much før giving us gyan on such topics, it indeed helps the commin man, middle class people a lot. Suggest to also provide some info on how to invest so that Down payment is not a burden but via savings / investment.
Even if you have enough cash to buy a car, you should always take a car loan, preferably 100% financed with a tenure of 7 years which is max tenure allowed, and invest the cash in a mutual fund instead. Because loan interest rate is 8-9% and long term return on mutual fund is 10-12%, so after 7 years, the amount of return from mutual fund would be more than interest amount paid on loan.
Waise sabse sahi kiya hai pta hai Property lete raho 50-60 gaj maanlo aapne 2 hazar ke se rate se 120k me 1 saal baad uska rate 3000 honga jo ki honga hi 2700-3000 ke bhao se 180k Har mahine ke hisaab se apne 5k kamaye. Aur bhai itna rent me ya pg me fayda nhi hai jeetna zameen me hai Kam bhi khelunge toh nuksaan nhi hai... Ek zameen ne itna profit 36000 par month bhi banake diya hai... Ek fanda rakhna jab jo shauk paalo ek hi rakhna Jaise ghoomne ka shauq hai toh wahi karna mehenge gadgets ya luxury cars me mat fasna. Maine yehi kiya hai jab gaming ka shauq tha toh bikes se durr raha. Ab bike (Himalayan) se thoda bahut ghom leta ho toh games me paisa invest nhi karta
warikoo if I am not wrong, in subscription model you are not receiving a new car, then why not calculate the cost of owning also with a second hand car? like on my calculations getting a second hand car comes cheapest even less than subscription model;
Now people will fight on proving this that.. here’s the thing, everyone have different life , someone can buy a car at age 22 , someone live whole of their life on rent. So, find a balance and spend per priority.
Sir I bought breza on TDR, and I am paying interest of 50.000 every alternate month. I don't have any responsibility. But only i knw is to give minimum to bank.
This video comes with an excel sheet, check here: bit.ly/45Q9xi6
My Money Apps:
Indian Stock Investing (Zerodha): bit.ly/3iYKROh
Mutual Fund Investing (Coin by Zerodha) (You will need to create a Zerodha account for it first. Coin is free): bit.ly/3iYKROh
US Stock Investing + Investment Tracking (INDMoney): bit.ly/3tT5moR
Portfolio Investing (Smallcase): bit.ly/3u0is0I
Corporate Bonds (Wint Wealth): bit.ly/3sbUI8c
How to pick the right insurance (Ditto): bit.ly/3xFh7OU
The above links are for products that I personally use for my own investing. If you create an account on any of these using the above links, I stand to make a referral income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L and in 2023 we contributed 52L. DO NOT assume that these are the best products in the industry. Please do your research and let me know if you have any questions.
My bestselling books:
'Make EPIC Money' here: amzn.to/3WHJ43F
‘Get EPIC Shit Done’: amzn.to/4fK1IR5
‘Do Epic Shit’: amzn.to/4fK9uuv
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
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, in 2022 we contributed 53L and in 2023 we contributed 52L.
Hello sir... Give me a suggestion please, I just started a travel blog channel, shoot with my phone. But it produces so much heat, that's why I can't shoot properly.
I started mutual fund last year and I'm 4000/- profit on the total amount.
Should I break my funds to buy a new camera ? And start again investment now ????
Ankur it's always in view only mode and i can't edit on mobile phone
sir your excel sheet are not work .
can you guide me that how i use this excel sheet
bro they don't edit laptop also.
@@sagnikmitra2307
Bhai Mai aapko bank walo ki tarf se fraud batata hu bank farzi Ruppaya mai len den kar rahe
Jab hum loan lete hai tab bank Hamare Account Mai Digital Number Dikha deta hai
Jisne bank se loan liya hai agar nahi bharta hai to jis cheez par unhone loan diya hai usko kabza lete hai
Humane baatcheet ki aap hamre sath farzi Ruppaya diya hai
Agar aapne nahi diya hai to aap hume likh kar de diyje tab bank likh dene ko tyaar nahi
Phir baad mai bank notice pe notice bej deta hai jab loan nahi bharte hai
Iske aage manie Devender balhara ki Videos dekhi jinka Channel NIDER INDIA hai
Unhone hame bataya ki 1 Ruppaya 777milligram GOLD ke baraber hai
Phir hame bank ko Likhit paper mai hamne pucha ki hamre paper kay jawab deydo tab bank ka koi jawab na koi notice aata hai naa hee koi phone
Iska matlab saaf hai ki bank Fraud kar raha hai
Devender balhara ji ne 60 caro par 50 se jyada Jamino par experiment kar chuke hai
Agar aapko meri baat mai dum lagta hai
To aap inke channel par jayie kul 10 ya 15 videos mai saari baate samaj aa jaye gi
I bought a bike worth 1.3 lakh in 2012 when my salary was just 22k. The memories I made on that bike and the happiness it gave me are far far more valuable then any excel calculation or the money i could have saved. Life is to live, not to just survive looking at excel sheets
Great to hear! See there are many intelligent people who say not to invest on depreciating assets but value of a bike and car cannot be calculated over excels unless you are highly environment concerned and want to end life for polluting world. But as per my theory, if I want a 1.3 lak bike on 22k salary, I would simply not go for bike loan, I wish to manage for few months and save the total or manage from friends, credit card and clear it without interest. I did so for my bike, no loan attached. I feel it's better to pay a personal loan with 1% higher rate than a vehicle loan and hypothecate it loan providers. If I'm looking for car, my source would be a chit fund. In both cases, common is a bit of waiting and acting timely so that I don't get trapped in any sort of commitment. But both car and bike are Paisa vasool. If you think and act as per options available to you to lead a loan free life, you can find the best car that fits you. Not surely like a warikooo
if you survive looking at excel sheets and controlling your spending for next 7-10 years.. life will give you foreign trips and big houses and cars.. if you live life for today .. it will give you loan traps and headaches and you will work more harder for job just to survive in your mid 30ies.
@@ShobhitTechVideo Im in my mid 30s. Enjoyed to the fullest in my 20s also worked hard and still work hard. Have saved as well as enjoyed life. Still ride a 650cc motorcycle and drive an awesome car. love collecting watches too. Earnd and saved enough to buy a house and do foreign trips too. Life is about striving and achieving, not doing excel finance calculations and saving it all in the hope for a better future, which may never come (another covid/ world war). Of course saving is important, so is having fun and spending
@@ShobhitTechVideo seriously not! What is debt for you is lifeline for someone. What is luxury for you is taste for someone. So it's individual decision not surely that who did a video will never get default or frauded
@@wildskyper well i know that.. what i don't understand if someone wants to live life to fullest and live life according to that.. then why click on videos that teach to save money and invest.. and then laugh at the excel calculations shown.. well if someone wants to save money and invest .. excel calculations help in the stock market and life savings..
If this rule were mandatorily enforced in India, more than 50% traffic would automatically have been eliminated 😂
I think at least 70%
India is a democratic country, you cannot enforce anything on personal finance.
@@GODgiftedArttrue and a lot of Thars and seltos would get replaced by Altos 😂
KTM company barbad ho jayega vai😂
90%
I spend around 28% of my pay on my car with no regrets. I am currently working from home sitting all 5 days in same 4 walls and when that 6th day of week comes, I have to have my car on highways.. push them up vibing with punjabi songs and thats how we live, it takes off all the stress of those 5 days and thats how we enjoy life. Its not just a car its an emotion
Totally agree with you bro
@@AadipanditX baleno nahi fronx ya breeza le lo 2-3 lac aur jod kar
I completely agree with you bro, if u won't brought the car after 5years u would have on rear seats of the car with a shawl or blanket with Md. Raffi sahabs song "kabhi kabhi mere dil main khayal aata he"song. 😊
@@AadipanditX If you want to buy a Baleno base model it will cost around 8 lakhs on Road with important accessories....If you are unmarried and don't have any responsibility of other family members then I think you can definitely go for it.....But if you are married and your wife is not working then I think you should consider different options which are affordable like Celerio or Wagon R...
@@AadipanditXBuddy why take loan? Invest your money isn't it better?
You can buy the car in cash. In loan you will pay EMI just pay that amount in Mutual Funds for 3 to 5 years then buy the car in cash. You will not have to pay interest rather you will earn more than the money you have accumulated.
This video was great...gave a reality check. But is also traumatising because basically these days middle class people won't be able to purchase it on their own if they don't have parental wealth.
@user-po2gh2fk4e sunnke accha laga magar middle class rupiya jama karte karte retire ho jayega job se. Phir Retirement ke baad kiya karega wo jb khaane ke liye teeth he na ho.
Sahi baat
Actually it should be calculated against a traveling expanses ,
Eg I live in village , nearest city is 15km away , I need to updown daily and
it takes 30rs for bus daily
Monthly atleast 900 rs
So for me it's always better to buy a bike with an average at least 60km/l
So my monthly petrol cost is 1500 which is just 600 rs extra
And it saves my time 😁 + I take one more parson which contributes half in my petrol so I cost 200 less than a bus 🚌
Actually u are right and u will also get more comfort from Ur own bike u have done a nice decision
.we middle class have to sacrifice many things in our life time
It depends on everyone's priorities, personal finances and lifestyle. Everyone prefers to spend differently on everything. Someone might want to spend 1 lakh on a phone whereas someone might want to own a big car.
It is always important to visualise and understand the impact of purchase on your own finances and then fulfill your wants.
One thing he does not highlight is the room rent in the metro city. This above-mentioned rule will be applicable only to those who just use an auto for a 10-minute ride. Whereas most of the Indians live outside of metro cities. Rent/EMI in metro city is 20k avg, whereas outside the metro rent is 7k with better flats, so you can also avail a car for your comfort for the remaining 13k. You have to choose the priority.
I see so many negative comments here, we will understand it only when we are in their shoes. In 2019 I went for a basic hatchback which costed less than 10 percent of my salary. This creates a peace of mind
Wagon r bol bhai
You are creating more Stress and Anxiety among buyers
Sir I watched all your car buying videos ... Meri family.e aaj tak koi 4 wheeler nahi hai. I was thinking of going with Swift 2024.. ab based on my in hand 7 lpa salary and 20 - 4 -10 rule.. I can't afford it... Ab main 2014 model 2nd hand Swift lene ja rha hu ... Jo mujhe 1.5 lakh me mil rhi hai... Down the road jab meri salary 10lpa + hogi tabhi nahi gaadi lunga... Thanks for such a realistic video
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly
😊
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choi
that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s your financial advisor or coach, do you mind hooking me up?
The adviser I'm in touch with is *CAROLINA MELINA PHERSON* she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me she strategy works hence my result. She provides entry and exit point for the securities I focus on.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
As per this rule, to buy 10lakh vehicle, we need to earn around 25-26lakh in hand per annum. So in 30lakh ctc you can only afford Baleno😂
This rule makes no sense for tier 2-3 cities and village people who have very little extra spendings. Its only applicable to people staying in metro cities in rented or emi house.
❤ right
end tak dekho video
अंकुर भाई आपकी वीडियो शानदार होती हैं। और सभी को जरूर सीखने को मिलता है। लेकिन जिंदगी में शौख भी जरूरी होता है। सभी नही लेकिन कुछ शौक दिल के बहुत करीब होते हैं। उनमें गाड़ी खरीदना भी। मिडिल क्लास आदमी सारी जिंदगी दूसरे के लिए कमाता है। और जब अपनी बारी आती है तो वो वैसे भी बहुत विचार करने के बाद सोचता है। इसलिए अगर वो भी रूल के हिसाब से पूरा करना हो तो क्या ही मतलब। बाबू मोशाय जिंदगी बहुत छोटी होती है उसे बड़ा बनाना है लंबा नहीं। 😊
Warikuu is very unaware of the current market prices of the on-road vehicles 😅. Also Maruti Alto abb 6lac ki padti h 😂
Alto base model is for 3.5 lacs and top model is for 5 lacs.
@@udbhavschauhan on road price toh 4lac hi hoga
Warikoo Audi, BMW ke niche baat ni krta 😂😂
@@udbhavschauhanTop model alto is 6.2 lakhs
@@udbhavschauhan On road price of top model of Alto is 7 lakhs 😂😂😂😂😂😂😂😂
Alto costs 3.5 lakhs? Sir is living in 2008. 😅
Irony is k ye sirji ne magnite lease pe li hui h 25k per month rent pe💀💀
Ok
😂😂😂 5 lakh hota hai
Base model itne ka he aata hai
😂😂
Still using my Dad's old Santro from 2008. For me car is just something that takes me from point A to point B.
garibi
Great . This was enlightening . On my way to book Audi A5 Sportback for new year ..
😂😂😂😂😂😂
@@dimaagkharabhaimera 😂😂😂
2nd hand car is best choice for salaried employees. It helps in saving taxes like GST , cess etc . Car should be used for travelling and not for show off
Depends....
If you have cash then its good. If not the finance for second hand car is Through the roof
@@IdlyVadawhy will you finance a second hand car , instead of paying 3 lakhs down payment for first hand car, u wil get second hand car with good condition and chk th car and buy no issues at all ... Keep 20k extra for repairs since it is second hand...u are good to go no need to pay emi rest of ur life
Second hand car is more of headache...u cant guarantee it will break down in roads in night with family...also repairs will cost u around 25-40k
@@anubhavmohanty1736 if u get a less than 4 year old car no issues will b der...and take sm1 who knows about car with u
Thank you, Ankur, for sharing these nuggets of financial wisdom with us. Fifteen years ago, when my take-home pay was just 85k per month, I bought a car costing 5.4 lakhs. Perhaps it was not a financially savvy decision, as I was naïve, and there were not many resources like these around. However, I do not repent this decision, as I have used this car thoroughly and I bought it outright of my savings.
First of all Thank you so much ❤ for saving our time and efforts in calculating this before taking any decision. I want to add some minor tweaks in this to enhance this sheet.
1. E.g. In my knowledge, there is not any superbike which gives 35kmpl mileage which might impact calculations.
2. Vehicle Insurance needs to be renewed every year, hence it should also be taken into account. (For cars: 15-20k onwards depending on model)
Hope this is useful 😀
Just one thing y would u even buy a super bike first, if u need these calculations 😂
I bought a brand new Hyundai Xcent second base model in 2017. It costed me 6.30 lakh...after that I spent another 1 lac in customising the car. At that time my salary was just 27k. Got carried away. I took a car loan of 7 years.. Squandered a lot of money.
Excellent illustrations..!
It's an eye-opener for most of the younger executives..
🙏🙂❤️💐
But, the prices of Cars assumed is very less as per the latest pricing... it seems it is assumed for pre owned cars...😅😊
No man u can buy base model of 5star cars like tata punch from 6.9 lakhs onward which is not too much as a mini suv
I have see a lot of your videos. Love how you use excel to create savings, returns and help people become Crorepati.
If you can also share how to produce food and live life in excel, it would be immensely helpful. Thanks in advance
I see many harriers and safaris in my neighbourhood. Colleague with similar pay as mine got suv700. Either they are totally unaware of this rule or those are from sasur ji.
majority get from sasurji as in my area even bank po gets creta and 25 lac cash from sasur ji
They are enjoying the life ..and u are just thinking urself smart and are in depression😂
This video was really useful, thanks warikoo!😊
2nd hand car or Electric car options may be better than new car. Majorly just check whether do you actually NEED a car now?
I always come back to this video when I get tempted by a car 😊
The only problem I see here is the interest rate offered for Car & Bike financing is different, as per industry. From what I understand, finance options for bike are over 10-12%. Maybe some industry experts could proof this. But definite eye opener though!
I went to Triumph Showroom a week ago and asked them regarding financing options. They said the interest rate is 8.2% which I find is reasonable
@@Justforfun-pt5vvJust check the emi value quoted by them and calculate the interest rate
Thank you so much for making such videos.Its very helpful for a person like me.Will henceforth follow your channel diligently .
U forgot to inform that everyone sells the car after 4-5 years so even after depreciation, 50-60% of the cost is recovered
I think about to buy car of 20lac and now after view your video. I change my mind to save more money. thank you Ankit sir. thanks for sharing knowledge..
Btw what was your salary?
@@Ksjbebdbejijrjr around 30k
@@Akash-d3f8q then tbvh you should definitely avoid purchasing a 20 lakh car trust me atlast it will be just a show piece of your garage
Personal experience se bata rha hu
@@Akash-d3f8q bhai tu cycle lele kaha gaadi ke chakkar me padh raha hai
@@sakshiarora3475 chota dimag...choti soch
A guy in my neighborhood bought Rs.20L Tata Harrier in his 25K salary 🤣
Lol😂
How?
25k salary se harrier kaise milegi
Baap ka paisa udaana kehte hai
That is called ….Zigra 😂
This is God's work, Ankur. Thank you so much.
This will also depend on the savings the car would bring on per se commuting charges as well as time in commuting, the family structure, and other personal finance calculations.... budgeting can be done on a bigger picture as well
Thanks Ankur Bhai. The video helped tremendously in my decision making process.
Day 3 of asking for more book recommendation
Avi tk ki saari recommend books padh liye ho ?
Thanks for the info. Loved your excel sheet.
25 Kmpl peteol mileage. Hybrid bhi itna nahe deti sir. I have seen first video that Ankur made without reaserach and deep diving. Also swift exshowrrom is 6 lac for lxi not dezire
Next level explanation 🤯 12:47 topic sir
This is why financial influencers should not talk about owning cars, especially if they are not car enthusiasts . What a pity.
Owning a car also brings a lot of flexibility if you run a small business.
The cost of time wasted using public transport and the mental stress it brings also results in lost potential.
His theory and chart are valid for salaried individuals and only to some extent.
Even for salaried persons...what's the point in simply looking at Excel sheets and not having fun. I get that you don't have to get a car that's way insane for ur personal income, but getting a decent car to go on road trips and to take your family is far better than what he has said.
@@DrDothraki Owning a car you can't afford will only bring stress to your life. You can't exactly have fun if you are paying 34% of your monthly income just as car payments, how are you going to pay your house loans, your grocery expenses, and your bills after that? With all that, will you have anything left to go on that road trip you are talking about? Well, "you" in here isn't assuming your specific case but a general person in the above Excel sheet. The best way for someone earning 6 lakh income is just to go for a used second-hand car. You shouldn't dream of getting a new car unless your income is above 10 lakhs, or you won't have money left to do other things in your life.
2 lakh ki salary wale 60-70 lakh ki gadi leke ghum rahe h bhaishab
@@jazzyjazzy903 at a time ek emi rakho simple,
Tashi delak good story very important advice thanks I love indian 🙏♥️
This formula says even with a salary of 5lk per month which is 60 lakhs an year cannot buy a car of 20 lakhs 😢
I really don't get why these fin tech influencers use Western rules all the time. Where the car is half the price and income is 5x compared to our country.
Yes its true. If your annual disposal income is 60 L you should buy 6 lakh worth of car only.
Bro the max salaries being given these days are 70 lpa package. After removing taxes and variable components, they get max 2.5-3lpm. It is brutal out here.
@@dimaagkharabhaimerais Ur logic dead 😅 man we indians (middle class ) are expert in saving my neibour purchased 15lakh creta with 35k salary (obviously he had saving from years ) but this law therefore is invalid for middle class man u can buy a car worth upto 30 lakh with this much salary
@@akshaymundhe8883
If you want to live peacefully then you should have some rules in your life.
Akur missed on so many things, the cheapest car available in middle variant will cost now 6 lakhs on road that is Alto K10. In Karnataka the Top end Automatic will cost 7 lakhs in July 2024.
For Alto example, you were supposed to take 20% of the car price as down payment. Instead, you took 20% of annual salary which is wrong 😀
Also, with 6L income a yr n with this math, even Alto isn’t affordable. Need to consider all the other expenses😀
Yes man but with 6l salary u can afford a tata punch or nios if u save hardly for 4-5 yrs
That is right if salary is just 6L priority should not be car.. unless you are settled. And family has everything not dependent on you and you have no emi or anything to worry about.
@@akshaymundhe8883Down payment is around 300000 rs Right now
Need trumps all.
Buy the car you need, even if it's expensive.
Buy only the car you need, even if you can easily afford a more expensive one.
I actually 😢 understand u are right
My father were working from last 20yrs (principal at gov school) he buyed nios for our family after too much saving it was very happy moment but man you are right man
It's a great car! Nothing wrong with a Nios. All the best
that is why i bought a used Toyota Etios with my down payment money (2.5 lakh) and since it is a very reliable vehicle, i am more than happy with it.
My friend took a loan and bought 3 lakh RE Bullet and he is in a bit of a financial crunch currently
If you are the only earning hand in your family and dont have your own house ...then it is very difficult for you to buy a car even with the 50000 salary
Thank you sir for this rule and it helps us a lot :)
7:45 piyush ne saste me nipata diya 😂
😂😂😂😂
@warikoo, thank you for such wonderful analysis.
I have one question:
why you advice to limit the tenure to 4 years? Assuming I'm a financially disciplined person, long term 12% cagr return from nifty, wouldn't it be beneficial to just minimise the emi and invest the surplus in the index? (same for the down payment )
I did the calculations and it seems yes it would be beneficial. could you please share your thoughts on this? thank you 😊
Amazing video
Let me do the reverse engineering and see what Income should I earn that I can buy a BMW X1 Car of around 45 lakhs. 😅
I used to hate this Guy earlier but he gives practical Tips
Bhot ghareebi si feel ho rahi hai ye video dekh k
Best way of providing direction for future building
Is is sensible to have the full car cost in your account but still take out the loan and invest the remaining (apart from downpayment) for the same period of time?
Only and only, if your gains (after tax deductions) are greater than the extra money (interest on loan amount + GST) you gave to a bank or financed party for a vehicle.
I bought a bike of 80000 while earning 12k in 2012. Absolutely no issues that time. So much difference in a Bike and Car buy.
There is one more rule as per financial advisors the car 🚗 price should be 3 months of your gross salary and as per my analysis you can take it upto 5 months of gross salary.😊
What???
@@akshaymundhe8883 yes
Saw another famous UA-camr's advice where he advised that the car cost shouldn't be more than two years of your salary
@@ajitiist that will be a really bad financial descision as per finance rule books.
@@ajitiist That's so bad, it should be 36% of your salary, so OPs comment seems right.
Please make a video for afford a house that value is 3 crore rupees
Why do you need 3 cr house ?
What if there is an existing loan(home/education) , should we consider the starting income as (cash in hand-existing emis)?
So, to afford a Mercedes-Maybach S-Class, I need a monthly in-hand salary of 20 lacs. Great.
that is brand new and not worrying too much on maintenance but if u love it so much get a used one but ya u still need a lot of money
@@prithvirajsainiranjan6240 yeah, second-hand makes sense
obviously lol. s-class is held by super rich businessmen or a-list celebs who are clocking at least 10cr a year.
2L is too less on it's maintenance + fuel costs
Of course, look at people who own one.
In city no car is more than 15 kmpl. That will also be alto. Best to take 15 on higher side.
Amaze, i20, etios diesel versions can give 20 in city
The basic rule is that your car expenses including the fuel, emi and maintenance should not exceed 10% of your monthly income.
Wow 😂 man u will never afford an alto by this logic Ur I guess 😅 small or not have started earning Man . But it depends obviously show off is wrong but comfort is also imp after working for 25-30(I mean age ) yrs of Ur life
@@akshaymundhe8883 comfort is that which u can afford. When u die under the burden of loans and emi what sort of comfort ia that?
@@blessed6874 More than 95% cars will violate thats rule😂. Car is a basic necessity maybe not for metro cities.
@@blessed6874I agree but not everyone owns a business. Even I don't spend more than 8% of my monthly profit on car emi. But for my work I spend 4% of it on fuel and maintenance.
My family (I, my brother and father) earn around 15 to 18 lakh inr as profit per month.
Do you think employees who are even working at TCS everyone earns even 1 lakh inr per month?
Even the cheapest car which is Alto K10 monthly EMI is 9 thousand rupees. To buy even the cheapest car they need to earn more than 1 lakh which is not possible for those who are an employee.
Businessman should spend way less than a person working as an employee. I agree with the 10% thing but that's only for businessman but not for those who are working.
Also it depends on different factors. For instance if a person cab fare per month is equal to a car EMI then he should get a car.
The thing they could do is rather invest that EMI amount in Mutual Fund and after 5 year buy the car in cash. And should start saving again for the next car.
@@akshaymundhe8883These Are the comments They can’t let me own a car 🚘 Think will have to Die without Driving one 😢
Thank you sir ...
It's really very helpful video ❤
Alto is no longer for 3-3.5 lakh. It's easily between 4.5-6 lakh. How can your research be off for such a simple datapoint?! May be your impression is from the time you bought your first car
Are 3.5 hi h tumko koun bol rha h 6 h 😂😂😂😂
My company offers flat 22% of discount in any car with 4yrs of lease plan and the car wound be under your name only. I brought xuv700. 😊
bro is literally giving financial advice but cant calculate correctly 🙏🏻🙏🏻
I applied the same ratio and bought a kwid 2015 make for 2.70.000- downpayment of 60k- 2,10,000 loan - EMI (5900 for 51 months)... rest in peace🎉
Hi Ankur,
You should go for rent instead of buying.
**But someone has to own it. To get it rented.**
Can you please talk/make video on this.
A richer person will take care of that.
Car lene ka mann na ho tabhi ye video dekhe soochna janhit me jari 😂😂😂😂😂😂
Relationship per koy advice dey😢
What about the travel expenses which need to be subtracted??
samaj nahi aara ki acha feel karu ki ye video mil gai, ya bad feel karu ki ab car out ho gai
When you say monthly income, is that a net amount after exclusion of your main expenses (like home loan, monthly provision, Insurance etc....)
Iss calculation sei to mei lord ignis bhi nahi le paunga
Sahi bola yaar,,,, dimag ghum gya mera 😂😂
Here i am suprised after reading the comments of other guys, that how people bought their favourite vehicles even if they were expensive as per their pay, just for that love, thrill and memories. Whereas me here doing well in my studies, and a “sanskari ladla ladka” of a dad having net worth of 200+ crore driving kia seltos and bullet.
3 Lakhs mein Alto nahi aati
Your financial freedom is more important than any temporary desire. Prioritizing long-term stability over impulsive spending on wants is key to achieving true independence.
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Can you kindly let me know how to get the Excel Sheet. Am unable to find out from comments. And also ignore all the unnecessary comments because personally I feel you make sense of who wants to live life peacefully.
Ankur Sir, thank you so much før giving us gyan on such topics, it indeed helps the commin man, middle class people a lot.
Suggest to also provide some info on how to invest so that Down payment is not a burden but via savings / investment.
Hi Ankur sir, what if the down-payment is 50% of the ex-showroom of car. Will that be sustainable from a finance point of view ?
Even if you have enough cash to buy a car, you should always take a car loan, preferably 100% financed with a tenure of 7 years which is max tenure allowed, and invest the cash in a mutual fund instead. Because loan interest rate is 8-9% and long term return on mutual fund is 10-12%, so after 7 years, the amount of return from mutual fund would be more than interest amount paid on loan.
Waise sabse sahi kiya hai pta hai
Property lete raho 50-60 gaj maanlo aapne 2 hazar ke se rate se 120k me
1 saal baad uska rate 3000 honga jo ki honga hi 2700-3000 ke bhao se 180k
Har mahine ke hisaab se apne 5k kamaye.
Aur bhai itna rent me ya pg me fayda nhi hai jeetna zameen me hai
Kam bhi khelunge toh nuksaan nhi hai...
Ek zameen ne itna profit 36000 par month bhi banake diya hai...
Ek fanda rakhna jab jo shauk paalo ek hi rakhna
Jaise ghoomne ka shauq hai toh wahi karna mehenge gadgets ya luxury cars me mat fasna.
Maine yehi kiya hai jab gaming ka shauq tha toh bikes se durr raha.
Ab bike (Himalayan) se thoda bahut ghom leta ho toh games me paisa invest nhi karta
warikoo if I am not wrong, in subscription model you are not receiving a new car, then why not calculate the cost of owning also with a second hand car? like on my calculations getting a second hand car comes cheapest even less than subscription model;
Missed the car insurance, which can also create an increment of 2-5% of ownership cost, if car is being bought on EMI.
@warikoo why are we also not considering persons yearly salary increment too in the calculation?
Nice way to express 7:00 to 7:15 Mr Warikoo
Thank you so much sir ❤
Very nice explanation! Thanks! :)
It's your Life make it large
Enjoy what you want
today , new car cost min_7lakh. only 2nd hand car costs 3-4lakhs.
Thanks for the information and those excels.
Now people will fight on proving this that.. here’s the thing, everyone have different life , someone can buy a car at age 22 , someone live whole of their life on rent. So, find a balance and spend per priority.
The excel sheet link isn't working. Could you reshare?
my rule is simple, spend 6 months of take home salary on car. Thats's it. Either get a smaller car or a used car, or increase your salary
Thank you so much for providing such a knowledge about finance.
Can you please explain what is an economy and how it works ?
Sir how can we applying it to ev cars
Sir I bought breza on TDR, and I am paying interest of 50.000 every alternate month. I don't have any responsibility. But only i knw is to give minimum to bank.