Get the excel sheets here: Buying or renting a house: docs.google.com/spreadsheets/d/1x8hqle_qnaCbmbwTfJH5ugzPbEXwLlLm/edit#gid=1968868571 Find out more about Nissan Intelligent ownership program here: bit.ly/3BxRJZP Buying or subscribing a car: docs.google.com/spreadsheets/d/1urKGfWRh7OEwjvfNu7bXaev159pCCS7Z/edit#gid=1510517790 Term insurance vs guaranteed income: docs.google.com/spreadsheets/d/1-AV9psewtbYOJTg_6CmHpQwFlAClqzEI/edit#gid=1178601153
Hi Ankur, Thank you for guiding us with your videos. I just wanted to highlight that the maintenance you took for Nissan Magnite is too high, you can always opt for Gold AMC from Nissan which is of approx 17k for 5years maintenance apart from consumables like tyre and battery rest is all covered. ;)
Sir, Did u consider buying an EV for your brother-in-law ? Like Nexon,Kona,etc ? I am just curious if considered then what were the disadvantages of EV ?
Please mention in the video that you are doing a sponsored brand promotion. The brands you are promoting might be really good but still I feel it's the best thing to inform your viewers that they are consuming sponsored content so that they can make a wise decision. I'm not against any brand promotions but i just felt it would make the viewing experience very organic rather than feeling what you are telling is fake after watching the entire video and a few comments. Some of the content is Gold so cheers to that.
@warikoo Thanks, your videos are really informative and insightful. Kindly make a video on investment advise/savings options exclusively for employed women. Please do make a video on ULIPs as well, explaining its benefits and downside both.
I consider myself as a lucky person that I found your channel in my 20s . Your videos always encourages me to be a productive and better person. I want to say you Thank you very much for guilding us . I'm implying all your advises about life , savings , investment , time management . Right now I'm mainly focusing on time management and building a reading habit . I really felt like I'm connected with you . I'm also very inspired by how natural , simple you are , no filter Nothing , the way you talk , the way you fumble , the way you smile , you are the way who you really are and that is such an admirable quality.
Guys, as your elder brother i would like to suggest you, never ever follow anyone blindly. Decisions he took were good as per his circumstances but need not to be same in your case. Understand the facts he explains, check if it applies to you and then take a decision. This what even Ankoor is trying to teach. For example in this video the maintainance cost and other factors are different as per the circumstances. By the way I am also fan of Ankoor.
A Lot of Thanks, for your all financial advice which I started following in my life. Your video is always in courage to achieve my financial goal as a systematic manner by financial management
Hi sir My name is Mohd Salman I am 16s and I Learned a lot of financial education from your videos and noted all your best tips in my diary you explained very clearly in all of your videos thank so much now I am very confident and ready to take divisions and chalanges in my life. thank u so much from the bottom of my 💓. Shining off💫
3 best financial decisions: 1. Delaying the purchase of house as much as you can 2. Selling your car and move to monthly subscription plan 3. Buying a term insurance plan
1. I have not bought House till my 35,but have own plot in age of 22. 2. I Own Second Hand Car with good Condition (Honda Brio)with Less Maintenance. 3. I Have Taken Term Plan 1 Cr.
Found you in my 30's (34) trying to follow as much as I can. Very informative and inspiring, hope we all make progress from here on. Keep a track of every Penny you are going to use
I learn form video 1) smart house investment 2) smart car investment 3) beware of credit cards 4) beware of insurance scam learn the difference between it 5) also opportunity cost is must and cash in hand is also important here 6) liquid assets ,investing etc are better one
Basic economic concepts such as Opportunity Cost, Cost-Benefit or Marginal Principles are needed to understand and think more rationally to achieve financial success. Warikoo shows this effectively through his brilliant storytelling skills. Good one!
Thank you so much!! I feel so grateful every time I watch your videos, that I have someone like you in my life to look up to for advice and to learn from your mistakes so that I can take better decisions. I can't thank you enough for sharing your experiences and learnings with all of us. Really really appreciate it! Wish I can meet you in person someday :D
agree with the 1st point but mostly we buy a house and use the ground floor for yourself and rest floors for rent which will cover your EMI and might give you cashflow also and you can technically live free
Humble Suggestion: In case of owning vs renting a house Please consider capital gains tax since that can change the significant results as both assets class have different capital gain taxes and incase of we're purchasing the different house that tax is exempted also.....Please consider this also
Nice Analysis. Only caveat I found in Car analysis is that car will NOT require 137040 INR in maintenance in first 4 years of purchase. Maintenance should be around 50K INR in first 4 years for a vehicle worth around 6lkhs. In fact companies are providing 3 years of warranty and 3 years of insurance (Third party and Accidental) with new vehicle. Renewing own damage insurance with zero dep add-on will cost very minimal around 3-4K each year. This may turn around the story.
Sir, during the first year government charges 0.5% stamp duty on loan. And maintenance is generally 1 to 2% of car price. I say this from having spoken with at least 9 to 10 of my friends, neighbours and colleagues along with my own experience of owning cars.
My parents don't understand that term insurance is better than fixed income insurance, after watching this video they completely agree with me. Thank you sir ji🙏🙏🙏
Thanks Ankur Sir, I did 2 of them at the right time as per your calculation and I am definitely going to try the Car Subscription Plan now. Thanks for such amazing videos. Keep spreading your immense knowledge like that.
The discussion and the points you always raise gets me connected with my own personal life. I always feel connected which is the moreover same situation with mostly. Your advise helps a lot and the warning to take care of.
Sir I am a Software Developer and you've said several times that you wanted to learn coding, looking at your logical fluency with excel sheets I think you'll be an awesome coder if you start coding.
Thanks for sharing insights on top 3 investing decisions, I agree that differing the decision of buying a house at early age of career is good decision; We need to consider value of house as well after 20 yrs in the total value considereation.
How many Indians sold their cars in 4 years? Just because this figure is showing the positive outcome, you are considering 4 years. If you will go with the average of 6-7 years then owning a car makes more sense. Please don't speak anything just for the sake of paid promotion.
You can always do the math. And I would encourage you to do so. Over a 8 year period it makes even more sense to go for subscription because the maintenance cost goes up while subscription cost remains the same.
So true. He used assumptions that would go in his favor for the sake of paid promotion. As soon as the fourth years ends, it would have been a wiser decision if we had bought the car instead of subscription. Our family has owned 3 cars till now and we haven't sold any of them within 4 years.
The 3rd part I learned during my CA final, where someone had come with this retirement cum insurance plan. Saying pay x rs per annum for 7 years and from 8th year you will get the same x rs per annum and after 15th year you will get 5x amount (don’t remember the exact figures). I was learning IRR on those same days, so thought let’s calculate it. It was shockingly approx 6-7%, FD rates were around 8-9% (around 2011-12 it was). And I was like my father had bought all such plans during his life and is happy that after 20 years, he is getting the money back. I was like papa humne samne se Khud ko lutwa dia hai 😅. But this is great you are putting it out for non finance people.
To be honest ...I used to hate this guy disturbing me in every ad of UA-cam.... I was like " kya yaar yeh fir se aa gaya ..apna course bechne ...yeh agar itna talented hai..itna financially independent hai..why he is selling his courses on UA-cam " ... Later I watch couple of his videos .... now I realised that whatever this man says is true ....this guy actually share his experience and his mistake he has done in his 20s and 30s .... Such a genuine guy ...🙏
Sir, regarding the car subscription, - What is the difference for 6 years of ownership? - What if the subscription amount increases sharply? - What about the hassle of getting maintenance approved by Nissan? I usually think your videos are amazingly researched, but somehow, this one falls short.. Even in the rent vs buy section, I agree on the overall idea, but the detail was lacking - eg. HRA is reduced, but the fact that HRA would be still paid as taxable in case of buying a house.. Benefits for a housing loan, etc.. were missing
I follow the channel regularly ☺️. You are doing a great job spreading personal finance awareness. I think we missed a few points here in the video. 1. After renting for 20 years if the person wants to buy a house then what would be the appreciated value of that 40 lakh ? 2. In case of renting a car the calculations is done only for 4 years. But I think average middle class people who own a budget car like swift, alto, i10 or i20 does not change car that often. Mine is almost 8 years old( in decent condition) and I am planning to have it for at least another 3-4 year. Would really like to see what would be the calculation for owning a car for at least 8 years.
Plz , exaplain bond , how to invest in bond? What types are bonds available market ? Platforms options ? Sir , ur teaching style simple ,unique ! That why we love u!
One point I would like to counter , you started - rental be same for 30-50 years , but rental has an incremental increase of 10% annually - that factor also needs to be incorporated
Ankur what you have done, First you calculate the EMI on the basis of 10% interest that somewhere around 36K and get 2.5 cr corpus by investing 26K but in Home buying column you changed the interest rate from 10 to 7% So do mention how much returns we will get by investing 19k not 26k 😅
Please explain in detail, why we should not invest in FD and also all the other terms like inflation rate. if possible please make a video on this topic.
I agree with your suggestions on term insurance…however, car decision may have multiple caveats to think about. (Buying cost at end of tenure, extra charges for damages due to usage, extra km’s driven)…car decision for subscription works if emi is deducted pre-tax as provided for certain salaried individuals.
Also I didn't get the point that there is difference of approximately 30k between net amount purchased and subscription amount for total 4 years... that amount can be varied as the quotation are approximately... so not sure how much benefit it can give.
Sir, very good imp knowledge u have shared with us, these are the things no one shares with us, all the people are selling and marketing mentality, but here u have given the concept of physics knowledge. when we are watching ur videos feeling the same spirit at college & school. thank u very much to share with us this valuable knowledge.
Just one thing around the decision of a car subscription. The maintenance cost has gone down nowadays. So spending 1.36 lakhs over the period of 4 years is not accurate. Rest I agree. Great videa!
Good video ankur. Do make videos of the avenues wherein one may invest to get 12% returns. Unless people are aware of them, it's difficult to adopt these lovely strategies.
Hi Ankur, maybe a holistic way of seeing the cost of car ownership is to include company car lease policy as well. It's a tax saver and many of your viewers are corp employees. Also, am not sure if 29k savings after 4 years is a decider.. One can argue on the opportunity cost but that's not the single most factor always. What if I plan to own a car 5-10 years, tech and engines are damn good. Cars last much longer. On your excel, I changed this to 15 lacs ex-showroom for 6 years ownership and the result was a "buy". In a nutshell, I feel your recommendation should have been more holistic taking in most common variations.
1)You forgot to Rental Movement for movers and packers. 2)When you buy on rent and go to diffrent house you need to invest some amount wear and tear of house, like AC fitting and other charges. 3)And while movement you tend to break electrical appliances which will cost you extra. 4)And i dont think everyone can earn 12 percent increase every year from equity market and what about the TAX on equity market.
Accepted all your points, but buying a car is better than subscription when we are planning to own the car for more than 4 years.. It's financially every much better to go for a good pre-owned car as new car value reduces very much in first 3 years..
1. I have not bought House till now my age now is 35 yrs ,but have own plot in age of 22. 2. I Own Second Hand Car with good Condition (Honda Brio)with Less Maintenance. 3. I Have Taken Term Plan 1 Cr now .
If we think without emotions ,"is it really worthful to spend heavy money behind MBA program (assume in adecent college)if anyone has descent income??" I request you to cover this topic as well. Thanks sir 🙏.
Thankyou sir this video is very important, and I'm very happy that I'm came accross your videos these are really great advice, that nobody tell to us, specially me, i also use to thik ki pehle apna ghr or gadi khareedu but now I'm thinking this way and realise i can save alot of money. Thankyou soo much sir.
@warikoo Hi Ankur, the calculations shown for car rental option is not fair. Indians do not change cars every 4 years, middle class indians surely do not. If you do calculations for 10 years i think, owning a car would be preferable option. Even in 4 years options, resale value of a car does not go down by 25% every year. 4 year old 6 lakh rs car can be sold for 4 lakhs in good condition. Term insurance is a must for every one. Even the house one may make sense for specific cases. Many things to be considered apart from the ones you have. Love your content, learnt a lot from your videos. Keep making informative content, india needs financial literacy. Cheers.
Thanks Ankur for creating great videos on personal finance and the use of invaluable EXCEL SHEETS! However, this time for the Insurance comparison, I think you have miscalculated the representation of Net Present values of the Premiums in both cases which would paint quite a different picture for the example you have taken. Correct me if I am wrong :)
Hi Ankur, Good Day. Can you please do a video on commercial real estate investment. The option seems very lucrative as far as the returns are concerned but at the same time is a risky affair. Can you summarise the pros and cons in a vid? Much Love Mayank
The biggest question in considering these decisions is where do I invest to get consistent 12% return. Equity investing expecting 12% cagr is feasible when we invest for long term and not recommended for short term like 4yrs or so in case of car buying vs subscribing Other one - Rental yield is not on increasing spree I agree but real estate is always on steroids. One might not get a property for 2cr which is now 50lakh after 20yrs in the desired location. Term insurance I 100% agree with you. I’m a big fan of your videos and content. Somehow I felt the quality of your content is going down.
I am 31 years, I earn 60k per month now, still never owned any kind of vehicle on my life, except a bicycle in school days. 😂 I always use public transport, (yes, even during COVID peak times, due to my job) My father has a scooter. From what I have observed is, if you are habituated in public transport, you will NEVER need private vehicles. I have seen many people who become uncomfortable when they go to other states when riding public transport. So, instead of paying 16k monthly for a car and paying for petrol, just use public transport, and if in a hurry, use Ola/uber sometimes. You will save a ton of money
I understand that you have much more experience than me but I feel each family should have at least one personal vehicle just because in case of emergencies or late night travelling, it is safe and trustable mode of transport.
Please make a video on best free smallcases available, as for beginners we don't have high corpus to invest and the charges of smallcases you mentioned in your videos will drastically reduce our ROI.
Bagwaan kare hum sabke ghar pe chhat ho 07:56 ....sorry warikoo ji couldn't resist 🤣 Edit: Fun part aside, I found it one of the most sensible videos on financial planning. Great work Warikoo ji!
Car Maintenance cost for initial 4 yrs as the car is Under warranty, maintenance cost will be minimal, assuming 10k Kms running per year , total maintenance can be maintained under 40k, assuming no accident.
Get the excel sheets here:
Buying or renting a house: docs.google.com/spreadsheets/d/1x8hqle_qnaCbmbwTfJH5ugzPbEXwLlLm/edit#gid=1968868571
Find out more about Nissan Intelligent ownership program here: bit.ly/3BxRJZP
Buying or subscribing a car:
docs.google.com/spreadsheets/d/1urKGfWRh7OEwjvfNu7bXaev159pCCS7Z/edit#gid=1510517790
Term insurance vs guaranteed income:
docs.google.com/spreadsheets/d/1-AV9psewtbYOJTg_6CmHpQwFlAClqzEI/edit#gid=1178601153
Hi Ankur,
Thank you for guiding us with your videos. I just wanted to highlight that the maintenance you took for Nissan Magnite is too high, you can always opt for Gold AMC from Nissan which is of approx 17k for 5years maintenance apart from consumables like tyre and battery rest is all covered. ;)
Which term insurance is best plz make video on that topic in detail
Sir, Did u consider buying an EV for your brother-in-law ? Like Nexon,Kona,etc ? I am just curious if considered then what were the disadvantages of EV ?
Please mention in the video that you are doing a sponsored brand promotion. The brands you are promoting might be really good but still I feel it's the best thing to inform your viewers that they are consuming sponsored content so that they can make a wise decision.
I'm not against any brand promotions but i just felt it would make the viewing experience very organic rather than feeling what you are telling is fake after watching the entire video and a few comments.
Some of the content is Gold so cheers to that.
@warikoo Thanks, your videos are really informative and insightful. Kindly make a video on investment advise/savings options exclusively for employed women. Please do make a video on ULIPs as well, explaining its benefits and downside both.
I consider myself as a lucky person that I found your channel in my 20s . Your videos always encourages me to be a productive and better person. I want to say you Thank you very much for guilding us .
I'm implying all your advises about life , savings , investment , time management . Right now I'm mainly focusing on time management and building a reading habit .
I really felt like I'm connected with you . I'm also very inspired by how natural , simple you are , no filter Nothing , the way you talk , the way you fumble , the way you smile , you are the way who you really are and that is such an admirable quality.
Me too
Same here
Me too at the age of 26+
Guys, as your elder brother i would like to suggest you, never ever follow anyone blindly. Decisions he took were good as per his circumstances but need not to be same in your case. Understand the facts he explains, check if it applies to you and then take a decision. This what even Ankoor is trying to teach. For example in this video the maintainance cost and other factors are different as per the circumstances.
By the way I am also fan of Ankoor.
A Lot of Thanks, for your all financial advice which I started following in my life. Your video is always in courage to achieve my financial goal as a systematic manner by financial management
No doubt. Your best financial decisions are
1. Starting UA-cam channel and continuously post videos.
2. In this video, getting Nissan sponsorship. 😎
the way he sync his video with promotion is just unbelievable
😂 he has been ceo, he knows to promote wise as hell
That's why he is what he is .
🤣🤣 but u can't deny ki isne hume 40% convince krr lia apne facts se
@@soumya534 aji haan. Buying a hatchback is still a wise decision.
Yes, without actually telling anyone it's a promotion. Only reason why I disliked the video
Hi sir
My name is Mohd Salman
I am 16s and I Learned a lot of financial education from your videos and noted all your best tips in my diary you explained very clearly in all of your videos thank so much now I am very confident and ready to take divisions and chalanges in my life.
thank u so much from the bottom of my 💓. Shining off💫
❤️
👌
3 best financial decisions:
1. Delaying the purchase of house as much as you can
2. Selling your car and move to monthly subscription plan
3. Buying a term insurance plan
Thanks.
Saved my time thanks
1. I have not bought House till my 35,but have own plot in age of 22.
2. I Own Second Hand Car with good Condition (Honda Brio)with Less Maintenance.
3. I Have Taken Term Plan 1 Cr.
Tqsm
Thanx mate!
Found you in my 30's (34) trying to follow as much as I can. Very informative and inspiring, hope we all make progress from here on. Keep a track of every Penny you are going to use
Whenever I think of investing somewhere, and if FD comes to my mind it fills with guilt.
All credit goes to you
Please make a detailed video on how to become pro at story telling (for beginners) as it is one of the most important skills in today's time
The most important skill now a days as sheeple like to listen
Check MODI k speeches!!!
@@66cage99 😂😂😂
I learn form video
1) smart house investment
2) smart car investment
3) beware of credit cards
4) beware of insurance scam learn the difference between it
5) also opportunity cost is must and cash in hand is also important here
6) liquid assets ,investing etc are better one
Basic economic concepts such as Opportunity Cost, Cost-Benefit or Marginal Principles are needed to understand and think more rationally to achieve financial success. Warikoo shows this effectively through his brilliant storytelling skills. Good one!
sir u r such a gentle person i have ever seen and it feels me that u understands all situation thats a middile class family can face
Thank you so much!! I feel so grateful every time I watch your videos, that I have someone like you in my life to look up to for advice and to learn from your mistakes so that I can take better decisions. I can't thank you enough for sharing your experiences and learnings with all of us. Really really appreciate it! Wish I can meet you in person someday :D
agree with the 1st point but mostly we buy a house and use the ground floor for yourself and rest floors for rent which will cover your EMI and might give you cashflow also and you can technically live free
Humble Suggestion: In case of owning vs renting a house
Please consider capital gains tax since that can change the significant results as both assets class have different capital gain taxes and incase of we're purchasing the different house that tax is exempted also.....Please consider this also
The decisions-
1. Delay buying house until it is necessary.
2. Renting a car instead of buying.
3. Buying term insurance.
Nice Analysis. Only caveat I found in Car analysis is that car will NOT require 137040 INR in maintenance in first 4 years of purchase. Maintenance should be around 50K INR in first 4 years for a vehicle worth around 6lkhs. In fact companies are providing 3 years of warranty and 3 years of insurance (Third party and Accidental) with new vehicle. Renewing own damage insurance with zero dep add-on will cost very minimal around 3-4K each year. This may turn around the story.
Nowadays people are crazy for irrelevant and faltu stuff and don't know the value of good content and education. Sir you are doing a great.
WE MUST APPRECIATE HIS INTELLIGENCE...THE WAY HE PROMOTES I HAVE NEVER SEEN ANY1 DOING THAT....
Sir, during the first year government charges 0.5% stamp duty on loan. And maintenance is generally 1 to 2% of car price. I say this from having spoken with at least 9 to 10 of my friends, neighbours and colleagues along with my own experience of owning cars.
Hit me up 💬👆
My parents don't understand that term insurance is better than fixed income insurance, after watching this video they completely agree with me. Thank you sir ji🙏🙏🙏
Ankur warikoo signing off sounds amazing from him
Thank you for sharing your experience. I am in 30s and was really confused whether to buy a house or rent. Things cleared now 🙌
You are a gem for young people like us, you have changed my life by making a lot of wise financial decisions in my life, thanks Mr Varikoooo.
Thanks Ankur Sir, I did 2 of them at the right time as per your calculation and I am definitely going to try the Car Subscription Plan now. Thanks for such amazing videos. Keep spreading your immense knowledge like that.
The discussion and the points you always raise gets me connected with my own personal life. I always feel connected which is the moreover same situation with mostly.
Your advise helps a lot and the warning to take care of.
Sir I am a Software Developer and you've said several times that you wanted to learn coding, looking at your logical fluency with excel sheets I think you'll be an awesome coder if you start coding.
@WhatAp✙①⑦③②⑦②③⑦①⑦⑧ Use that plan for yourself so you don't have to spam people anymore. :)
Wow👍👍 I am excited to calculate everything via excel.. makes it super easy🙏
I'm not sure about the car subscription but the other two are spot on
Thanks for sharing insights on top 3 investing decisions, I agree that differing the decision of buying a house at early age of career is good decision; We need to consider value of house as well after 20 yrs in the total value considereation.
I am glad I found your channel that I found your channel in my twenties.
How many Indians sold their cars in 4 years? Just because this figure is showing the positive outcome, you are considering 4 years.
If you will go with the average of 6-7 years then owning a car makes more sense. Please don't speak anything just for the sake of paid promotion.
These people are hust doing affiliate marketting nothing else totally baised vedio
Most Indians keep the cars for atleast 8-10 years
@@deepjyotichowdhury4288
My father has maruti from last 11 years... So after 4 years or max 5 years of EMI the car was free of EMI
You can always do the math. And I would encourage you to do so. Over a 8 year period it makes even more sense to go for subscription because the maintenance cost goes up while subscription cost remains the same.
So true. He used assumptions that would go in his favor for the sake of paid promotion. As soon as the fourth years ends, it would have been a wiser decision if we had bought the car instead of subscription. Our family has owned 3 cars till now and we haven't sold any of them within 4 years.
Chalo excel excel khelte hain, you are damn inspiring Ankur sir. You are a Legendary Teacher i have ever seen 😘
The 3rd part I learned during my CA final, where someone had come with this retirement cum insurance plan. Saying pay x rs per annum for 7 years and from 8th year you will get the same x rs per annum and after 15th year you will get 5x amount (don’t remember the exact figures). I was learning IRR on those same days, so thought let’s calculate it. It was shockingly approx 6-7%, FD rates were around 8-9% (around 2011-12 it was). And I was like my father had bought all such plans during his life and is happy that after 20 years, he is getting the money back. I was like papa humne samne se Khud ko lutwa dia hai 😅.
But this is great you are putting it out for non finance people.
To be honest ...I used to hate this guy disturbing me in every ad of UA-cam.... I was like " kya yaar yeh fir se aa gaya ..apna course bechne ...yeh agar itna talented hai..itna financially independent hai..why he is selling his courses on UA-cam " ... Later I watch couple of his videos .... now I realised that whatever this man says is true ....this guy actually share his experience and his mistake he has done in his 20s and 30s .... Such a genuine guy ...🙏
Sir, regarding the car subscription,
- What is the difference for 6 years of ownership?
- What if the subscription amount increases sharply?
- What about the hassle of getting maintenance approved by Nissan?
I usually think your videos are amazingly researched, but somehow, this one falls short..
Even in the rent vs buy section, I agree on the overall idea, but the detail was lacking - eg. HRA is reduced, but the fact that HRA would be still paid as taxable in case of buying a house.. Benefits for a housing loan, etc.. were missing
I Really love your Content About Finance I am at the age of 17 ..... luckily i learn to take Good financial Decision.
Idk why tf** i get soo excited when you say " ek excel sheet ke saat" 🤤🥺❤️
Me toooo :))
Love it sir..I'm exactly at 31..and definitely gonna take a term plan
my mom was opposing stock investing I showed her some of your video now she is saying you can try!
I follow the channel regularly ☺️. You are doing a great job spreading personal finance awareness.
I think we missed a few points here in the video.
1. After renting for 20 years if the person wants to buy a house then what would be the appreciated value of that 40 lakh ?
2. In case of renting a car the calculations is done only for 4 years. But I think average middle class people who own a budget car like swift, alto, i10 or i20 does not change car that often. Mine is almost 8 years old( in decent condition) and I am planning to have it for at least another 3-4 year. Would really like to see what would be the calculation for owning a car for at least 8 years.
Plz , exaplain bond , how to invest in bond? What types are bonds available market ? Platforms options ? Sir , ur teaching style simple ,unique ! That why we love u!
Perfect timing for giving the best advice to a person who just started earning money in life
Thanks for everything
One point I would like to counter , you started - rental be same for 30-50 years , but rental has an incremental increase of 10% annually - that factor also needs to be incorporated
Hit me up 💬👆
Omshanti Ankur,
Very Nice thought and presentation 3 Decisions....
Good.
Ankur what you have done, First you calculate the EMI on the basis of 10% interest that somewhere around 36K and get 2.5 cr corpus by investing 26K but in Home buying column you changed the interest rate from 10 to 7%
So do mention how much returns we will get by investing 19k not 26k 😅
I am student and learning a lot here in this channel, thanks sir
@Wàrłkoo fake 🤥
@@Aws_expert Yes that was fake
That Feeling Apna Ghar
Is a scam
@@Error04041 haha, true 😂
YES I JUST FEEL THAT FLEEING.
🤩
@@Error04041 not at all🙂
Please explain in detail, why we should not invest in FD and also all the other terms like inflation rate. if possible please make a video on this topic.
I agree with your suggestions on term insurance…however, car decision may have multiple caveats to think about. (Buying cost at end of tenure, extra charges for damages due to usage, extra km’s driven)…car decision for subscription works if emi is deducted pre-tax as provided for certain salaried individuals.
Also I didn't get the point that there is difference of approximately 30k between net amount purchased and subscription amount for total 4 years... that amount can be varied as the quotation are approximately... so not sure how much benefit it can give.
U r real mentor sir... many many thanks
@warikòo🖤十 Fake account... go n dive into a deep well... your fraudster
Sir, very good imp knowledge u have shared with us, these are the things no one shares with us, all the people are selling and marketing mentality, but here u have given the concept of physics knowledge. when we are watching ur videos feeling the same spirit at college & school. thank u very much to share with us this valuable knowledge.
sir sabse badi dikkat hai maa-baap unko kaise samjhaye wo ye appreciation, depreciation kuch nahi samjh pate - ispe bhi video banaiye
Also want a video on your financial mistakes .... Please sir ❤️❤️😍
I learn a lot from an eye opening videos... Thanks sir
That is very emotional "Ankur Warikoo, Signing off!"
Just one thing around the decision of a car subscription. The maintenance cost has gone down nowadays. So spending 1.36 lakhs over the period of 4 years is not accurate. Rest I agree.
Great videa!
Sometime I thought that such a valuable content is available for free of cost.
How is it possible?🤷♀️🤷♂️
Good video ankur. Do make videos of the avenues wherein one may invest to get 12% returns. Unless people are aware of them, it's difficult to adopt these lovely strategies.
I love you Mr. Warikoo.
Keep growing. ❤️
1. Delay buying own House
2. Subscribing New Car
3. Buying Term Life insurance
Till now going in a right way .thanks ..This video gave an extra confidence.
Your Nissan subscription plan. I think you can add Taxation angle to since full subs eruption can be fully deducted as professional exp.
Please consider a second hand car option because we mostly buy second hand cars at. Cheaper prices but maintenance cost increases a tad bit
Hi Ankur, maybe a holistic way of seeing the cost of car ownership is to include company car lease policy as well. It's a tax saver and many of your viewers are corp employees. Also, am not sure if 29k savings after 4 years is a decider.. One can argue on the opportunity cost but that's not the single most factor always. What if I plan to own a car 5-10 years, tech and engines are damn good. Cars last much longer. On your excel, I changed this to 15 lacs ex-showroom for 6 years ownership and the result was a "buy". In a nutshell, I feel your recommendation should have been more holistic taking in most common variations.
I think the price of monthly subscription plan of car will also increase with time. That should also be considered
Sir please makes a on Digital Assets...
1. What is digital assets?
2. Top 10 or Top 5 Digital Assets ?
3. Future of Digital Assets?
1)You forgot to Rental Movement for movers and packers.
2)When you buy on rent and go to diffrent house you need to invest
some amount wear and tear of house, like AC fitting and other charges.
3)And while movement you tend to break electrical appliances which will cost you extra.
4)And i dont think everyone can earn 12 percent increase every year from equity market and what about the TAX on equity market.
Own house = peace of mind = priceless
Well as an asset and as an investment buying a property as per my understanding is great! You can rent it out and that will handle 70-80% of the EMIs
Accepted all your points, but buying a car is better than subscription when we are planning to own the car for more than 4 years.. It's financially every much better to go for a good pre-owned car as new car value reduces very much in first 3 years..
Sir, you have given a new perspective to the personal finance concept. definitely goes for LIKE
1. I have not bought House till now my age now is 35 yrs ,but have own plot in age of 22.
2. I Own Second Hand Car with good Condition (Honda Brio)with Less Maintenance.
3. I Have Taken Term Plan 1 Cr now .
Thank you, Ankur. Very detailed study & analysis.
Hey Ankur, please make a video on investment strategy at the age of 32+ and want to retire by age 50. Cheers
Coming up soon
Greatest Video By FAR
Could you please make a video for NPS i.e. advantages and disadvantages of investing in NPS.
If we think without emotions ,"is it really worthful to spend heavy money behind MBA program (assume in adecent college)if anyone has descent income??" I request you to cover this topic as well. Thanks sir 🙏.
Thankyou sir this video is very important, and I'm very happy that I'm came accross your videos these are really great advice, that nobody tell to us, specially me, i also use to thik ki pehle apna ghr or gadi khareedu but now I'm thinking this way and realise i can save alot of money. Thankyou soo much sir.
Hit me up 💬👆
This guy never fails to amaze us 🔥❤️
I am willing to transcribe your videos as I feel that it helps me to understand these concepts better.
@warikoo Hi Ankur, the calculations shown for car rental option is not fair. Indians do not change cars every 4 years, middle class indians surely do not. If you do calculations for 10 years i think, owning a car would be preferable option. Even in 4 years options, resale value of a car does not go down by 25% every year. 4 year old 6 lakh rs car can be sold for 4 lakhs in good condition.
Term insurance is a must for every one. Even the house one may make sense for specific cases.
Many things to be considered apart from the ones you have.
Love your content, learnt a lot from your videos. Keep making informative content, india needs financial literacy. Cheers.
One of the smartest video ever 👍
Estimated value of Ankur sir's Nearbuy equity- 20+ Million dollars...!! Very rich man he is...
Thanks Ankur for creating great videos on personal finance and the use of invaluable EXCEL SHEETS! However, this time for the Insurance comparison, I think you have miscalculated the representation of Net Present values of the Premiums in both cases which would paint quite a different picture for the example you have taken. Correct me if I am wrong :)
Hi Ankur,
Good Day. Can you please do a video on commercial real estate investment. The option seems very lucrative as far as the returns are concerned but at the same time is a risky affair. Can you summarise the pros and cons in a vid?
Much Love
Mayank
The biggest question in considering these decisions is where do I invest to get consistent 12% return. Equity investing expecting 12% cagr is feasible when we invest for long term and not recommended for short term like 4yrs or so in case of car buying vs subscribing
Other one - Rental yield is not on increasing spree I agree but real estate is always on steroids. One might not get a property for 2cr which is now 50lakh after 20yrs in the desired location.
Term insurance I 100% agree with you.
I’m a big fan of your videos and content.
Somehow I felt the quality of your content is going down.
Such an amazing video, pure genius!
Sir aap bhut value ful practical knowledge dete hai 🙏🙏🙏
I am 31 years, I earn 60k per month now, still never owned any kind of vehicle on my life, except a bicycle in school days. 😂
I always use public transport, (yes, even during COVID peak times, due to my job)
My father has a scooter. From what I have observed is, if you are habituated in public transport, you will NEVER need private vehicles. I have seen many people who become uncomfortable when they go to other states when riding public transport.
So, instead of paying 16k monthly for a car and paying for petrol, just use public transport, and if in a hurry, use Ola/uber sometimes. You will save a ton of money
I understand that you have much more experience than me but I feel each family should have at least one personal vehicle just because in case of emergencies or late night travelling, it is safe and trustable mode of transport.
Please make a video on best free smallcases available, as for beginners we don't have high corpus to invest and the charges of smallcases you mentioned in your videos will drastically reduce our ROI.
best subscribed channel by me.. Thanks to you to for giving financial knowledge.
Don't know why but i feel you look like Berlin...btw great video as always 😍😍
thank you sir ur videos is lot of practical learning
Bagwaan kare hum sabke ghar pe chhat ho 07:56 ....sorry warikoo ji couldn't resist 🤣
Edit: Fun part aside, I found it one of the most sensible videos on financial planning. Great work Warikoo ji!
Car Maintenance cost for initial 4 yrs as the car is Under warranty, maintenance cost will be minimal, assuming 10k Kms running per year , total maintenance can be maintained under 40k, assuming no accident.
Just rember price of house depend upon future development of area. But rent depend upon the current development of area
Good always use excel sheet
Bahut acha lagta hai or ache sa samajh bhi aata hai
Thanks for the rental advice.
Thus advice is sooo good. Thank you mate. 🙏🙏🪙