SURVIVING On 13,000 In DELHI| Fix Your Finance Ep. 77
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- Опубліковано 28 вер 2024
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Hello guys, welcome to another episode of Fix your Finance. In today’s episode, we meet 24 year old Piyush, a digital marketing professional in Gurgaon. He currently works in a real estate firm based out of Gurgaon and runs an online Tote bag business. In this video we talk about his income, expenses, loans and liabilities and investments.
We also discuss how Piyush got trapped in a debt trap by a money lender and tips on how to get out of it. Also, we talk about his business and discuss the various things to consider before taking a business loan.
and much more!
Enjoy :)
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Disclaimer: Neither the guest nor I am a SEBI registered investment advisor. Information shared is only for educational purposes and not investment advice.
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sometimes people just create problems to prove that they have worked hard in their life. :)
Soo true !!
Trueee
So underrated comment 🫡
He is ashamed to take help from parents as if he has done some crime. But the reality is that he is being clearly harassed by the lender. 12 % per month comes out to be whooping 289% per year. This should definitely be illegal. Highest personal loan interest rate set by RBI is 18%, unless agreed by the borrower. In case of dispute in a court, the borrower would only be required to pay at 18% (and not 289%). By this rate, he will only be paying interest of this loan for all his life. He doesn't need help in getting his finance fixed. He needs a lawyer. Someone needs to tell him that he has rights.
But he has agreed to it that's the problem. Government can't bail you out of stupidity
You only said, unless agreed by the borrower. Here, borowwer is educated and stupid so government or courts won't help him.
Why is he giving the vibe that he has taken the loan from his own father lmao! 🤣
Absolutely. He needs a lawyer immediately. He should reveal his financial condition to his family right now.
@@gnes04no, having extremely high interest rate on loans is illegal.
He might be able to charge higher than a bank, bcus he is taking additional risk. But he can't charge extremely high interest.
Anshuman is not just a finance adviser. He is a life advice. Kudos to you bhai.
Gggd dashed tf
He doesn't need fix the finance. He needs fix his mind
Bro sold tv to buy remote 😂
😂 😭
😂😂😂🤣
😂😂
Then he couldn't sell the remote. They took away the remote and left him with the battery so he has just enough to recharge monthly set top box.
🤣🤣🤣😂
Ye dekh ke Muze Tension Ho Gyi Bhai ke liye 🥺
True😂
This is the best example of why you should not being modern sometimes
This thought process of not taking help from parents in such situations leads you to these kinds of situations.
10% interest per month… 😂😅😂 bro you should visit psychologist. You are ready to pay lakhs of rupees to some random person but you can’t ask money from your parents 😂 they are actually paying for ur mba. You and ur family should take some family counselling seriously
MBA se jyada to uska loan ka interest he
I tell you he took money from all the banks, parents, friends jab sab ne paisa dena band kiya to ye 10% per month wala loan uthaya. He is lying everything.
True! He is a con artist!
Yes, I also think he is going to be a very big fraud.
Agree
Yeah agreed he's gay
Yes, even Nbfc also give loans to the people who have low cibil and he did not tried that and saying he is paying 40k intrest to make the lender to live Peace clearly he hiding something
Bhai first thing, pay the loan anyhow. If you can't, forget the document you signed and let the person take legal action. Such exorbitant rates would never be accepted by Court and you'll get relief.
Bhai but usne sign kiya hai
He will not take legal action , i will do the action , these money lenders will be goons they know how to take money from people they lend to without going legal 😂
Exactly 😅
Legal action nahi gun action lega. Its probably a local goon.
@@pranavlokhande515 ghanta sign...me khud band kardeta....he already paid 16 lakh as interest.
Is tarah ka loan dena illegal he...i would have paid bribe to police instead of paying so much for that loan giver
Where can I find this guy, I want to give him a loan...
😂 I am also waiting for this type of educated people 😅
This guy is the epitome of what a person should not be.
Not judging him but, understanding basic finance is a MUST in all walks of life. I guess he missed this part. Hope he understands and gets out of this loan trap sooner.
Regular mba but he goes once in a month to college 🧐how does it work ?
And that too he is doing his regular mba in 3 lakhs for 4 semesters 🤣
13:55 all problems solved in this 30 seconds
If Anshuman takes interview of some rich person, u guys comment negativity saying bring relatable character
If he brings some relatable middle class salaried person, u guys start shaming that person
What should Anshuman even do, kare toh kare kya, bole toh bole kya!!!?
Anyways thanks Anshuman bro, for covering all spectrums of life!!! More power to u!
Chutiya lok hai social media pe
Normal log nahi milte kya??
Jyada mahatma gandhi mat bano.
🤣@@quadxtech7263
Although the rate of interest is ridiculous, I completely understand why he wouldn't want to take money from his family. Sabke gharpe friendly atmosphere nahi hota. Ek baar paise lene se baar baar sunna padh sakta hai. Only had he had the option to take loan from a bank, institution or friend. Scary situation! I wish him all the luck.
That does not justify his action. Default hone par kon paise dega? Family hi degi na. Log 18-20% se darke Sui*ide kar lete hai
Family can pay college fee , but can't give Lian... 🤣
Koi chutiya hi hoga jo ye soch ke 120% ka interest dega isko understanding nhi chutiya pa bolte he
No sane/educated person would take such a loan. This shows how uneducated he is financially.
This might be unusual for big city people. In Tier 2 and 3 cities these loan sharks are dime a dozen doing this business. Torture loan takers to hell. Hope he repays and gets out of this mess.
Bhai 4 lakh ka loan mere se lele 40% pr😂
35% 🙋♂️🤪
Duba dega ye tum sab ke paise
30%
10%
If you believe a person whom his father is not believing even with 40% interest, it's not worth that risk 😂
Bhaiya ap mba Tak padai kaise kiya mai to yehi sach Rahi hu.... Commerce student hone k bad v interest ka kuch samja hi nhi.... Agar 40k k jagah 45k de dete to 4 saal mai 240000 principal amount pay kar dete to abhi apka emi sirf 26000 hi hota
Can't believe the mess and the story and if his is doing regular mba how does he go to office 24 days a week ( college might be lenient) but kudos to his courage 👏 . He might make a lot of money after learning this lesson
Is this some rage bait video? I can’t believe it is real story
I Did the same mistake but at last papa ko batana pada and wo 2 din mai mera sab clear kara diye
Mai is reason se or kisi chiz mai focus bhi nai kar pata tha 😢
But now i am debt free
more power to you bro!
Bro, my friendly advise to you is that there is no need to make things so complex in life. It is good to be independent, but one should avoid mixing emotions with finance and investments. You need someone genuine to guide you on your financial journey. Asking for help right now or taking a loan from NBFC will only improve your current situation. Think positive! I wish you all the best! 😊
Financial education is must in schools.
I feel very bad for this guy, I hope someone helps him. Take care brother, be strong.
Bhai... I am ready to give to 5 lakhs.. give me only 3% monthly interest only I.e. 15k
Aukat 4k ki hai waise tere 5 lakh loan ki
Bhai yeh bhi zyada hai bahot 18% per annum max chalega
Utmost respect for Piyush! He is a true man 😊
Kaheka true man
He claimed that he took a loan of 4Lakhs rupees on 10% per month that means at the end of the year he'll repay it all .So, where the hell 16lakh came from and why the hell he is paying from 4 years. Im not understanding it .can somebody help me with it's explanation?
He took that 4 lakhs over a period of time .
4 lakh ka 10% = 40k.
He was paying 40k/month to that lender.
So he was only clearing interest of that 4 lakh...and principal amount is not cleared.🙄
Im pretty sure he is not gonna go to his parents. Dont judge the guy, he is trapped in this debt hole deeply, he is paying the intrest to calm down the lender. The best thing to do is get a personal loan and payoff the debt.
At 14:18 I realized why he took a loan at 120 % interest without thinking 😅
Dnt be sad brother, it’s learning and you are young.
Plz borrow money from family or friends and give it back to that guy.
The story sounds unbelievable. If it is true, then I think legal recourse is one way. No one can charge such exorbitant interest not even with a contract signed.
Bro if your family background is good, the first thing is to tell your parents and they will definitely help . Assuming everything is good with you and your family. As the first and foremost thing is to pay that money in 2-3 months without giving any more extra money .
Kudos to piyush 🎉❤
He definitely needs a Caleb Hammer, Anshuman is too gentle to this guy
When i came to that part where he told about his interest, my first thought was where are his parents??, did he discuss with his parents?? And Anshuman actually gave the same advice. He literally pushed him to go to his parents only for help, while this guy was reluctant to do so...uske baad to Ayushman ne kuch discuss hi nahi kiya😅
I too got into this kind of trap of borrowing money from private lenders at 4-5% and was living in hell during covid times.. At last i told my parents and they helped me out. I realised my mistake late but trust me parents are your best hope at these situation. Now in my whole life i wont even think about borrowing money😅 Simply accepting the fact that if my bank balance doesnt allow it then I cannot afford it. No loan, no emi.. Job karo orr thoda bahut invest karo and life jio debt-free.😊
Once he build a cibil score, it should have been common sense to take the loan and pay off the principal to avoid the debt trap
Good suggestion ayush bhai
Full scripted. Genuine advise to Anshuman: Don't do this kind of crap. It looks fully scripted. People will eventually find you fake and start leaving your channel.
7:55 first time I've seen Anshuman in genuine disbelief
Keep giving more videos like this tho it makes me more appreciative of my own good choices lmao
Bhale hi mene koi startup nai kiya he is age me na hi meri salary itni jyada he but muje apne par proud he ki me savings ache se kar pa raha hu or debt free hu 😌itna bhi american lifestyle nai jina.
This loan qould qualify as a usurious loan under usurious loans act, 1978 and he can technically go to a court of law to get his agreement cancelled under the law
5:57
1.5L per year vo b mba fees, konsa college hai bhai, Hume bhi batao
Tier 3 colleges ke aise hi hote hai fees
put English subtitles man if you out title in English
Guy needs two things, Haircut & financial education. The Lender made 16 Lakhs by lending 4 Lakhs!. 😱. even if this guy doesn't return principal, The Lender has already made 4 times revenue.
Aacha dhanda hai.
Do check ✅
07:45 That moment when you realize - "iske saath kuch aur der baitha toh mera bhi yahi haal hoga"
LOL
This is Gen Z the reverse innovators!
He is basically working like a bonded labor. Your interest calculation is wrong btw, 10% interest monthly compounded is 214% annually.
Bank se loan le le cibil b improve hoga aur sath mein ek vakeel dhund uske aur lender k sath settlement k liye baith apni intent clear kr dena ki case krne vala h aur kam se kam amount mein one time settlement krle. Uske baad sochna bussiness k baare mein and remember an organisation grows like an organism it takes time to grow.
One of the reason why quality education is must
Great Job Anshuman bhai ❤❤
He doesn't want to tell his father / family, but yaha pe poore youtube pe bata raha hai ?? how does that make sense
Right 😂
He is a lesson to all youngster.
Oh my gosh we are unable to pay 12% a year you are paying 12% a month 😮
Need more of such content who we can relate to
14:06 Delulu jeevan starts from here 😂
Money lender ka pic aur details bhi share kardo bhai😂...This money lender needs to be exposed & hope no one else get into such trap!
120% pe loan chep diya koi lmao.
This sounds too good to be true.
Wow Man Multibagger for the Lender
649 CIBIL? Aur mae student hu 60k k card h merpr axis and ICICI k unki wjh se mera cibil 760+ h 😅 thoda thoda use krta hu monthly cards
12*12=144 percent interest bhai crazy 🫥
First time in 77 episodes Anshuman hasn’t said to take a life and health insurance 😂
😂😂😂😂
🤣🤣🤣🤣🤣
🤣🤣🤣🤣🤣🤣
Bhai ye banda pehle hi itne bade trap me fasa hai pehle isko trap se niklana hai fir life health ka sochega...😢😢😢
😂😂😂😂😂😂😂
If a person is not ashamed to take loan from some stranger and ashamed of taking loan from their parents then he needs to fix his relationship with his parents.
well said ..
His tshirt says born to inspire but he's actually born to pay interest
🤣🤣
😂😂😂
Lol
Hahaha lajawaab
Dimag fat gaya mera 🤯🤯🤯
Fix your finance nahi, Fix your thinking chahiye is bande ke liye
True
i wonder how he is running his business, he is only devaluing himself for his stupid thinking of taking this loan and publicly saying ki I fucked up
Broo seriously fatgya mera bhi
Sara farzi baat bol raha ....
Stock se zyada return to iss bande ko loan dene se milega
😂
😂😂
That guy very much profitable 😂😂
1. Get a haircut.
2. Go to pappa and ask for help.
abey iska baap isko disown kar dega. itna chu launda mera nahi ho sakta bol ke
Agree! This guy seems under-confident because he didn’t do CA. But this is now being dragged for 4 years which now seems arrogance.
Although Anshuman gave very good advice
@@vidhiagarwal154 True. I had to replay that part just to make sure he said 12% per month and not year.
@@vidhiagarwal154 Absolutely. Taking even a costly loan to repay the 4L made sense.
He need to study 10 standard , not MBA , if he can't do this simple maths
😂
Shi 12wai pass ke pas bhi itta dimag hoga
Actually he trapped in typical gurgaon lifestyle 😂
Bhai ye pagal bana rha h..sabko aur tum ban rhe ho
@@raka840 bhai real bhi hoskta h mere dost ne bhi 20% per month interest pr lerkha h but uska amount 20k hi h but usne abhi tak apna principal amount interest ki form me dechuka h aur. abhi bhi de hi rha h
He paid 16 lakh interest on 4 lakh loan😮😮This is an example of how some people may take advantage of your situation and little financial knowledge.
This guy is not telling the whole story. Its unbelievable that a guy studying MBA took a loan @12% per month.
Most MBA and other finance programs do not include personal finance in their curricula. In my humble opinion, structures of most courses are optimised to prepare individuals for employment rather than for self-sufficiency.
@anshuman Still it is hard to believe that basic math is lacking here and loan was not for any emergency… did you verify his signed document or the business details… at this point it really seem over exaggerated...
@@anshumanfinance you learn about interest rates in class 6. If you somehow don't know about it after college, it's on you. I hate this attitude of people blaming education system for all their problems and not taking any accountability. The only fault of our education system is accepting people who don't understand interest rates in their MBA curriculum.
Totally speechless 😮 16 lakh interest kuch bolu to vivad ho जायेगा 😂
This Guy is Nuts & The Lender is Khooni Darinda.
😅
Please make these type of videos, we don't need videos on some guy/couple making 50-70L these videos are much more relatable
Kudos to the courage of Piyush coming on camera and admitting the mistake done by taking loan on such exorbitant rate, if you cannot support him then atleast do not distress him. Hope he will pay off 12% monthly debt asap and wishing him much more success!
Ghanta buddy😂 courage my @ss. he can do fix your finance episode on his mistake but can't talk to his parents about this. There is very big parents-child relationship problem. That's why we say that be friends with your child so that they can share things with you. I hope you understand that.
Basic maths bhi kch hota h i think 😢
First of all he needs to cut the friendship with a guy, who introduced such a shady money lender.
Bro hesiates to ask his father for help but doesn't hesitate to share such financial mess up with entire Internet.
The guy who gave him money is not shady guy but a smart one, coz he clearly said he read the document which says and signed it...... So ofc he is not mentally sound ig 😂
On top of that he said dad is a businessman, so basically he is an idiot coz he hasn't learnt anything from his own parents
No, first he needs haircut.
He is doing MBA with parents money...then he is not feeling bad?? Basically he is doing the job just to pay 12 percent per month interest for his loan. Its a shame on his family if the son did not discuss with his businessman father before taking loan at such a rate, or he was not on his senses while taking that loan.
Anshuman, aapke saath prank hua hai. Isko video me aana tha bss.
😂 not a genuine story
Man makes 40k and pays interest of more than 40k
Startup ke liye loan liya jispe 16lakh interest de diya
Ye kya startup krega
Ego hain usska sirf aur kuch nehi... Business idea to hain finance is knowledge is zero
Ego nhi hai... Most possibly Family issues which can't be revealed in such videos.
@@MrChetan486 may be true
Ego nhi hoga bro har family itni understanding nhi hoti specifically for boys
Zero nhi - 100 h
I think this video is scripted
Koi itana bhi dash dash nahi hota hain
may be 😂
He took loan from local money lender goons . These kind of loans took for illegal purposes, it means his business must be involved in something illegal for sure. He looks so cool even after paying 16 lakhs it shows he is involved in something fissy.
arey bhai isko pta hai ki backing hai toh bs mze me hai ki dekho maine yeh yeh kiya hai 120% pr loan uthaya. Koi aam aadmi aisa kabhi nhi krega
He is lying I think... it's not possible...itna bewakoof koi nhi hota
10k per head for 2 sharing PG is costly.
I pay 11.5k for single sharing rooom in Electronic City Bengaluru
abey lodu ye sab paisa interest mien de raha hai. aur tujhe PG ke rent ki chinta hai :D
I paid 7500 for single sharing in HSR layout
Gurgaon PG are very costly.
Come to Ahmedabad …. 12k for 3 sharing room in a PG (AC room)
I pay 13k for single sharing in gurgaon. 😊
Finally a Fix Your Finance episode!!
This is how to not butcher your episode
This guy need psychiatric reference immediately
One serious advise, please tell this genuis not to take over his father's business in future. Harsh but the truth of the matter is, he's in no way capable of handling finances.
He seriously needs a haircut
I THINK THIS GUY NEEDS TO GROW UP AND STOP ACTING LIKE A GROWN KID
Its serious problem with parents too why don’t parents develop frndly bond with children specially son…they are ready to deal so much stress alone but cant share with parents…
Seems scripted. Who would take loan at 12% p.m interest? Hecould easily take personal loan from any bank and pay off the current 12% p.m loan.
He gave the reason why he did that.
I think there are some chutiyas who would take loan at such high rates since ik some...
The Guy has done MBA & works as a specialist.... In to start up..... & Has absolutely no sense in basic financial management...
KON he ye log, kaha se aate he, Ye log business karenge to kaha chalega
16 lakh chuka diya tha to har saal 4 lakh principal kyu chhod deta tha bhai ? thode dimag se paidal ho kya aap
Kya businessman banega re tu!!😂😂😂
Pehle finance sikhna hota hai phir business! 😒
I don’t buy this video
Completely clickbaity
Who takes loan at 144% p.a
I have a finance company if you want i will give you 5 lakh for 14% interest annually