I had a home loan. I made it zero and have peace of mind. Having loans when you can repay ( and if you are not a businessman) is not good as times may change when u have to repay and you don't have money.
What's your thoughts on reducing the EMI to 20,000 so that I will get tax benefit of 2.5Lakh per year under old regime. Instead of paying it full, will prefer to pay it upto a point that it will help in saving taxes.
@@SPR632 as I mentioned b4 if you can repay the loan then repay quickly. There can be time when one has no money to repay. Loan is a liability. Get rid of it asap.some tax benefits can be neglected in case you are financially strong.
I personally am against any loans... including home loans, car loans etc. being comfortable with debt is a new concept and ppl loose their peace of mind taking it. Debt is the chains the modern-age slaves wear. AFAIK, in the past, taking debt was never so normalized. My dad told me that his father was sad that his son (my father) had fallen in debt, when he took home loan to buy his first property. My dad doesnt share his father's sentiment and I dont share my father's sentiment when it comes to debt.
I have loan amt same as my portfolio,instead of paying loan emi I empty my portfolio and If i start SIP of 45000 earning, will it be a wise decision? what it will make after 20 yrs in both cases?
I took a home loan of 15 lakhs although I had money in equity portfolio .. I did the calculation on that 15 lakhs that are already invested vs paying full amount and starting a SIP .. The calculations says lumsum (the invested equity money i decided not to liquidate is a lumsum for next 15 years) invested for long time will always fetch more returns than SIP .. Today I think I should have take 10 lakhs more loan (25 lakhs) it's been 1 Year and 5 months .. I liquidated 10 lakhs of equity for buying a house that time ..
I had a home loan. I made it zero and have peace of mind. Having loans when you can repay ( and if you are not a businessman) is not good as times may change when u have to repay and you don't have money.
What's your thoughts on reducing the EMI to 20,000 so that I will get tax benefit of 2.5Lakh per year under old regime. Instead of paying it full, will prefer to pay it upto a point that it will help in saving taxes.
@@SPR632agree on this. Repayment of debt is important but not at the cost of compromising on financial assets
@@SPR632 if tension, pay off.
@@SPR632 as I mentioned b4 if you can repay the loan then repay quickly. There can be time when one has no money to repay. Loan is a liability. Get rid of it asap.some tax benefits can be neglected in case you are financially strong.
@@SPR632how you will ensure the Principal and interest part to be that precise to get full benefit in income tax?
Thank you for touching the main point
I wish u will keep posting such videos.
We are here to support you.
Thank you
आप सभी बहुत बढ़िया काम कर रहे हैं particularly young generation को properly guide कर रहे हैl lots of thanks 🙏
Nice way of explaining the situation..
Very informative as always ❤
Always pay credit card and personal loan first.. dont build portfolio .. its stupid
Yaha pe home loan ka baat ho raha hai.
Tum kis gali ja rahe ho 😅
Thank you parimal Sir
Thank You Sir ❤
Debt ka stress hora hai agr toh SWP Krlo portfolio ka toh profits bhi withdraw hota rhega kmse km.
Just for peace of mind many individuals are paying more tax..
Sir I have personal loan and have enough accumulation and SIP to achieve long term goal.. May I continue with loan or need to repay?
Thank you for such a perfect guidance ❤
I personally am against any loans... including home loans, car loans etc.
being comfortable with debt is a new concept and ppl loose their peace of mind taking it.
Debt is the chains the modern-age slaves wear.
AFAIK, in the past, taking debt was never so normalized.
My dad told me that his father was sad that his son (my father) had fallen in debt, when he took home loan to buy his first property.
My dad doesnt share his father's sentiment and I dont share my father's sentiment when it comes to debt.
Sir, monthly income 60k , car loan amount now 4.5lakhs, monthly emi 10k with 7.85%,can i repay this loan amount by liqidate my investment
Yes
Sir 6.5 cr ke property for 70-80k ka rent ye baat kuch hazam nahi hui
True, atleast 3-4% rent yields should be there.
In metro cities, residential property - 1.5 to 2% is there. I personally stay on rent so i know.
I have loan amt same as my portfolio,instead of paying loan emi I empty my portfolio and If i start SIP of 45000 earning, will it be a wise decision? what it will make after 20 yrs in both cases?
I think repaying full loan and starting new investment in the wise decision
I took a home loan of 15 lakhs although I had money in equity portfolio .. I did the calculation on that 15 lakhs that are already invested vs paying full amount and starting a SIP .. The calculations says lumsum (the invested equity money i decided not to liquidate is a lumsum for next 15 years) invested for long time will always fetch more returns than SIP .. Today I think I should have take 10 lakhs more loan (25 lakhs) it's been 1 Year and 5 months .. I liquidated 10 lakhs of equity for buying a house that time ..
Don't empty portfolio atleast for 10 years
Hire personal finance planner and discuss.
Repay your loans
Start building your portfoli again
Saala education aur hospitals itne mehenge.. jeena chodh de😢
Underestimated rental yield..it is upto 8-9% when you look at the money you invested to buy property not the current market price
Rental yield is calculated on the current value of the property not the buying cost.