If you wish to be part of the Money Matters series, please fill up this form: forms.gle/Tmbo2nUTnhn9vjpG7 Money Matters is a series where I have conversations with normal people such as you and I, on your personal finance issues. It is important to note that I am NOT a financial expert, I am NOT SEBI registered, and I am NOT qualified to give financial advice. Everything that I say in these videos is purely through my own experiences. - So these videos do not offer any stock tips, or specific mutual fund recommendations or get-rich-quick schemes. - I am not selling any product or service through these videos. - None of the brands that I mention in these videos have paid me to mention them, unless I explicitly say so (and I will say if the video is sponsored). This also means that my advice may not always be the right advice. So incase I make a mistake, the best way to correct me will be to share your point of view in the comments, so that everyone can benefit from it. I am not perfect, nor claiming to be either and would love to learn and grow. The idea is simply to help people with their finance journey and through their story try to help others who may have a similar story. If you wish to be part of this series, please fill up this form forms.gle/uj9JPUBp8Wo9nZQi7 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.
1 lakh rupees salary hai mere or mujhe bataye 5 saal me 1cr saving kaise kar sakte hai or es k liye kitna investment karna hoga.... Hindi language per Diyan na de please answer karna Sir.
Ankur, I agree with your plan with just a small change. If he is so much in debt I wouldn’t do the ELSS until he is paid off the PLs. That way he can come out of the loans may be 6 months earlier by diverting the extra 5K there. With his 55k salary he won’t pay a lot of taxes under new regime in any case. Alternatively, he can also use the 5K per month to build his emergency fund until he clears off the PLs. That will ensure he does not have to take out another PL if any emergency arise during the 1.5 yrs time frame. You also did not count the corpus value of the ELSS in your final figure of 3-4 cr.
step 1: stop SIP save 5k step 2: clear 15k loan of bank asap step 3: collect 20k money step 4: go to your office HR and ask for salary advance and take ((55k/2) * 12) = 3.3 lacs but 22.5k will be deducted in your salary every month which is equals to all emis + sip step 5: clear all loans with step 4 and step 3 money step 6: delete all loan apps step: 7: you should not do any extra activities for next 12 months as step 4 salary deductions will be for 12 months. step 8: after 12 months you will be saved half of your salary + 3500 (current savings) step 9: create Emergency fund step 10: now you can start your tax saving SIP
Okay you have good idea for asking but HR will not ready for then but he is taken loan from application and it's on 30% then it should take other loan for all amount which may be on 16% and clear all that debt and start give big emi to banks instand of all 5 emis then ask help for ma papa ko bolo help kare kuch gold ho toh sell karna hi better option he kyuki gold is inventment option mummy papa ko gold pasand hota he lekin vo bacche se jyada pyar karte honge esa me manta hu sell you unwanted items it may save your intersets
Currently he has total loan of 3,50,000 with emi per month of about 19.5k. What if he take a loan 3,50,000 which will cost 3,60,000 after processing charges and documentation for 4 years. It will make emi of about 9,500 every month. He can pay off all his loans at once. Other than that, he will save 10,000 in hand as compared to previous emi's. But he will be able to save the amount for emergency fund from just next month. And in next 10 months, he will have 1 lakh as emergency fund. Instead of waiting for Oct, 25. Other than that, if he wants to, he can make part payment of loan as per his convenience so as to pay it earlier. But I feel he will be in comfort from just next month with this method. As per current situation, what if he needs emergency fund of even 10,000 in just 1-2 month. He will take another loan. Because as per this excel sheet, he will left with 0 every month. The idea is good but practically not possible.
Brilliant way of tackling out a debt trap. When Tanmoy started narrating about his loans and the fact that he was not even aware of the interest rates of his ongoing loans, it gave me chills.... But the suggestions Ankur gave to Tanmoy was just brilliant. I hope Tanmoy clears all his debts soon and achieve financial stability... all the best 👍
The middle class Salaried man right here. Around age 35-40 he will learn not to go for App loans and by that time his salary would be about 75k and he would have started saving. So, nothing to worry about.
This won’t work, not at all sustainable. Focus on finding a cheaper place to live, focus on switching and increasing salary. Any bonus / gift received should go to paying off loans. Non essential stuff should be sold off on olx/ebay, again to pay off loans. Start a second job/work on weekends/overtime to pay off loans.
For everything there are many different ways of solving problems or solutions.. no one can give exact solutions.. 🙄🙄🤷🏽♂️🤷🏽♂️🤷🏽♂️ What he has suggested a simple plan and a framework.. ppl Like you just critic without taking any step n keep revolting 😅😅🙏🏽
No point in investing in elss at this point as you can opt for new tax regime and you will be tax exempted till 7.5 and assuming total income is less than 7.5 based on what you have told. You can clear your loans even faster what is told in the sheet
I really appreciate Ankur's approach to deal with people. He never questioned him about any of his loans and just kept information what required and provide one of the possible solution.👏👏👏👏👏
Room rent is more....12k... First you have to shift your room .. For 1rk ... That will be 4k to 5k rent.... You have saved 7k pm And your salary also increment 10%
Hi Ankur. This podcast was amazing. An eye opener. I wish I had gotten to know you earlier. I am 57 and will go by this and fast track my financial independence. It would be great if you could put all this working in an excel sheet and share with us. Grateful to you for your mentorship.
In new tax regime, tax is exempted till 7 lakhs of income. You should switch to new tax regime and stop 5000rs SIP to ElSS and direct that money to close loan. This can help you to close loan in a much faster way
This was an eye opening episode!! Hats off Ankur, you are actually connecting with a common man and helping them solve their financial crisis. People might find your content repetitive but you are determined to get people financially disciplined. 🙌🏻
Hats off to Tanmoy, for his courage to come on this show so vulnerable. People should learn from him, how to ask for help when situation is tough! coming to Ankur's suggestion, it is not practical, I can say he is in very tight grocery/food expenses, once he get to know that he has some more surplus money, he will spend it for at least needs; although I really think he missed some expenses in the calculation itself, he said in the beginning that what is left- he uses it for food/grocery i.e. 6k. If it is not 6k and 9-10k instead, he would have said that. Also, I wonder how he manage his marriage? How he will take care of his emergency fund in the next 1 year? What about his child planning? What about his traveling expenses like going home and returning in a year? What about his vacation planning? Although the main point of this video is to pay your debts first then invest and avoid loans as much as possible. Thank you Ankur for highlight that.
you should do a new series where you reconnect with these people and show where they are in their journey and what differences they have made in their lives
I think the best way to close the loan is to go to your salaried bank and approach the loan for all loans foreclosure and make it one loan and after that your excess amount you try to pay loan account to close early.
This video is not only for Tanmoy but for all paying high intrest of loans, I can feel him when he say he have to remain same till Oct 2025. Ankur you are awesome!
I felt like Ankur was talking to me and suggesting me what to do to come out of the loans as early as possible and start investing for building a good corpus, i wish i could get a chance to talk to Ankur.
Hi Ankur jayanth this side... I've been following you for quite some time. You've been continuously suggesting to go for MF but it would be more beneficial to us if you make a video around about the parameters one should keep in their mind while opting for MF...
No us fund, no sectorial fund, high aum, last 10 years return must be near to it's index, small and mid cap if more than 10 years and if 5 to 10 years go for large and mid. That's pretty much the rule.
Sir grow app mai 0:04 aditya birla ka mutual fund hai udhar 1lakh 1 year one time investment kar nay say uskay 2 lakh hogaye ye sach mai hota hai kya ??? Mujhe investment karna hai so please reply my question 🙏
@Warikoo sir, I am a big fan of yours. I have bought and read all three of your books. I have filled out the form for Money Matters and am patiently waiting for a session with you.
Sir In the opening remark he says he has nil amount He said clearly that his food cost is out of whatever he can spare I। end of month. Plus lots of expense are not taken like gas cylinder, maid, home travel home to kolkata atleast once a year. So how can he save anything.
Pls see the excel sheet even the SIP he has started is taken into calculation - dat means he has to stop the SIP (5000) for now n use dat money to pay the loans (3500)
Good advise man.. Tanmoy boy get married at 54 years when you are old enough to sleep with money. Lol !!! you guys have discounted biggest expenditure in the world "wife" and of course beloved kids. You cannot save a definite amount every month to invest in SIP even assume you have 40k the family expenditure, school fees, inflation will beat you..Tanmoy just go with your intuition man and you will find good ways..other wise you stuck with G's advise and your life will be Target driven n boring
This video is purely hypothetical. I would suggest you to take one more interview of Tanmoy in Oct 25 to check whether this plan worked for him or not. As far as i can see tanmoy is in huge debt crisis right now and only a loyal friend can save him by providing him an interest free load for 01 year covering the entire amount of personal loans taken by Tanmoy till now. He has to reduce his living expenses by heavily cutting down his rent. 12000 rent is too much for a bachelor, 4-5k must be sufficient. Now, the assumption on which your whole plan is working are: 1) Tanmoy is not going to have any emergency till Oct 25, what if he gets an emergency in between? 2) Tanmoy will be in continuous job till Oct'25, how can you be so sure that he will not be laid off? He is in pvt sector not govt. 3) Some expenditure are very unexpected, like if he got his laptop dead and has to buy new laptop? Got his mobile dead and has to buy a new mobile. How is your plan taking care of unexpected and necessary expenses? I am expecting reply of my concerns from Ankur Sir
How is this hypothetical bro. Its pure reality on display. No Need for too much doom and gloom like him getting laid off and such. he's young he will get another job. Dead Laptop and dead mobile is not an unsurmountable expense. His financial black hole will be the marriage he would be planning in his mind. Apart from that he looks pretty realistic and a good case study for all middle incomes.
@@Kartha6096 bro, he gets so many emergencies in past and he won't get any till Oct'25 (18 months) does this makes sense to you? Laptop and mobiles are very costly nowadays, a good laptop costs around 50k-60k and good mobile costs around 20k-30k, and just by looking at his condition, these expenses can create an emergency. Marriage is not something to be afraid of as he can marry after Oct'25 if everything goes as planned. How can this be a good case study, everything is in his favour only like no financial emergency for the next 18 months, no additional expenditure for the next 18 months, 18 months is a huge time bro that's why I suggested Ankur to interview this guy again in Oct'25 to get the clear image.
On a positive note (for Tanmoy), Ankur missed to consider ELSS (5K pm) and PF (9K pm) to evaluate the future corpus. I am assuming this could balance out the future expenses like marriage, etc. and even after that add to his tally of 4Cr corpus. All the best Tanmoy !
This is a mknd blowing session indeed. But, just an additional suggestion, tanmoy is paying a fixed expense of 21,500 monthly. If its fine for him, he can find a cheaper PG facility and save atleast 10,000 pm. Which will help him clear the loan in 8-10 months. Then the things will be much easier.
Message to Tonmoy: Buddy, don't worry; work along the lines Ankur suggested. Everything will be sorted. Kuch late nahi hua hein. 30 yrs me to mein just kumana shuru kiya tha interms of salaries after those higher education scholarships and fellowships.
Sab btate hai crorepati kaise bne lekin koi bhi ye nhi btata ki jab final amount nikaloge to kitna tax, kitna expense ratio,exit load ye sab baate koi bhi video me mutual fund ke bare nhi btata only crorepati
But what about inflation which will also increase after 20 years, 4 cr rs what will be the value of that at end of 20 years... Please try to cover this aspect also at the end of the video.
Sir, we should also consider the hike amount and bonus(if any) mostly during april-june period, this amount can be used to clear loans and start saving a little early
Sir good morning. Please make a calculation sheet for Government employees with PF being replaced with NPS. And, whether we shall take only employee contribution as our investment or shall we consider the employer's contribution too ?
Just a thought. Instead of closing his first loan at 6th month after an assumed 3500. (There is no emergency backup added in any of the calculation above.) I would recommend him to take one big personal loan at 5 year tenure so his emi is Lower and clear all the app based loans and low hanging loans. Assuming 3-4lakhs would do it. Alternatively he can request for a salary advance and start clearing out app based loans faster in say 2-3 months. That will free up almost 11-12k of his monthly income. That can be used to payoff the newly taken loan or ride out the advance salary taken.
Snowball effect: Once the smallest debt is paid off, roll its payment into the next smallest debt. Repeat: Continue this process until all debts are cleared, gaining momentum with each debt paid off.
ghar ke small item jinki need nahi hoti unko is samay me sell kardo jyada maintainse vali bhi or ha mery salary 36 he lekin mera kharch honeke bad bhi me 12 se 13 save karke diversify karta raheta hu
Escape from Lahore Bhagat Singh and Rajguru, both carrying loaded revolvers, left the house early the next day.[33] Dressed in western attire (Bhagat Singh cut his hair, shaved his beard and wore a hat over cropped hair), and carrying Devi's sleeping child, Singh and Devi passed as a young couple, while Rajguru carried their luggage as their servant. At the station, Singh managed to conceal his identity while buying tickets, and the three boarded the train heading to Cawnpore (now Kanpur). There they boarded a train for Lucknow since the CID at Howrah railway station usually scrutinised passengers on the direct train from Lahore.[33] At Lucknow, Rajguru left separately for Benares while Singh, Devi and the infant went to Howrah, with all except Singh returning to Lahore a few days later.
After watching everything and formula to save and prepayment of loan , I feel in ELSS if he closes to pay loan than I feel he will able to save before Oct 25 , and according to me rest everything is ok but there is no point to save money before closing loan . He must start stopping MF SIP of ELSS as he might not able to withdraw before 3 years so again he can start after finishing all loan ....
but what about his desires and expenses on travel he wishes to take or clothes for family and other things which are also to be taken into account. like in diwali or be it a friends marriage! he will earn and save and spend on basic necessities, only at this scenario.. only when he switches his company and get a 30% hike then only he can think about that amount for spending
Can I invest in 16 different schemes for sip of 2500 each and 10k in index fund total 45 to 50k monthly Different scripts:- PPFC Mirae asste midcap Hdfc mid large Sbi contra Ipru nifty 300 momentam 30 Sbi small Quant small Boi small Quant mid Hdfc s&p Absl multi asset Hdfc balance Ipru nifty 150mid Hdfc nifty 50 All are in direct growth and not regular For 12 to 15 years As m 39 year and very late in investing so can I make it 1cr corpus for retirement Risk type - agravisive
Tanmoy bechara soch rha hoga 20 sal bad 4 cr ka malik ban jaunga. Uska confidence kuch din high lavel par rhega😂😂. Reality 1sal bad pta chalega how tough is to get of rid from debt trap?
just need advise for one thing. 37200 in hand salary and is it good to save 20000 per month from salary? just graduated from collage dont have to pay rents, bills, or any loan, just 3000 to mom and 5000 traval.. its just 2 months of working and i dont know anything about finance , and yes 20000 is saving not investment as this money i am saving to buy a PC for better learning 3d after buying it will surly start investing around the same money.
Bro is not in good condition in terms of too much of loans , so if he is living alone in pune he must shift himself to lower rented house. That could help him to save more . After completion of all loans shift to new flat again .
Ankur Sir pls make some videos on US stocks. We want a separate video on VOO vs VOOG vs VOOV and also vs NASDAQ. It is hard to invest without proper knowledge. In your earlier videos you said to invest in Vanguard. But in which vanguard should I invest? Is it VOO or VOOG or VOOV. Pls make a separate video sir. I searched in UA-cam many times, there isn't a single video about this topic. You just got a new topic. Pls sir make a new video. After your clarification I will invest. All procedure is completed in INDmoney. I just need to make sure in which Vanguard or NASDAQ should I invest. Pls sir. Thank u. Love from Kolkata.
Ankoor just make a list the candidates and revist or arrange the call after 6 month for 5 min to re check pf there standing or following bthem. Some genniune will follow. And viewer will get more confident
Please read 😢: Betting apps destroying life of young indians...i also the victim of this... Lost all money 26 lac i am now loan defaulter... Celebrities are promoting this...this is legalise satta in our country....i know its 90 percent my fault but 10 percent in government not making laws on this and allowing this kind of things our country... Even porn we have to use vpn but in this Gambling no restriction... Please raise this issue and save the india save the youth
Bro honestly you also need to SWITCH/ UPSKILL to INCREASE your income, 7-8 LPA at 32 age is not that great to live a good life, there are many opportunities to switch in these big cities, so take advantage of that, This is quite important as in 2 years you need to support family also and might get married + WANTS bhi toh poori krni hai
Stop 5000 sip 1000 ka tax jo save kar raha tha usme 1500 month ka sutta 2500 month ki daru for your enjoyment Baki bc emi ka kya hai ho hi jaegi kabhi na kabhi khatam
Tanmay Bhai 2628 per month Term insurance premium bahot high hai.. Bachelor, PG room dhundo yaar 12 k rent to family wale dete hai. kya chatar patar loan liye hai itane sare
One Question sir when he will save for marriage ? If any visit he have for home that from where he will get If any relatives comes for roam around how he mamage. And kids wife expenses ?
He needs to cut down on his rent, get a side gig for extra income or change job for higher compensation immediately. Ankur's excel sheet is too hypothetical, without considering any emergency until Oct 2025. Investment is a faraway dream in his case. Also, without meaning to judge at all, taking loans is also a habit, and despite best interest and intention, I doubt he will not be tempted to take more loans. App loans are terrible! I am sure his 2 wheeler loan is from an NBFC tied up with the dealer. In that case, the interest rate would be atleast 20%. He does not check the interest rate before taking loans, which also indicates towards his habit of taking loans. Wishing him all the best.
I was wondering why Ankur did not suggest him to take a personal loan & pay off rest all the loans at a time. As per my knowledge, a big loan for little longer time from a single place will have less internet atleast compared to the app loans he had.
Hi Ankur. I am a big fan of you and you are one of my ideals in investment. One question always comes to mind that you suggest the investment pattern to someone on the basis of his current situation for the next 20 to 30 years. But in the future maybe his situation is different and he is not in the situation to invest. so how in that situation what should they do in terms of investment??
Sir please bataye1500 k ko kase invest kare jyada se jyada return mile kyo ki mere do beti h jiski satuday or marrege ki tension na ho ek beti12 year or dusri beti 8year 10 - 15 years invest karna chahti hu sir please is par vedio banaiye. mai google from v bhra tha par meri name select nahi huaa please sport me
You always mention okay one large cap one small and one mid cap this will give this this much return now here's your corpus but the reality is mid cap and small cap best performers keep changing and if the choosen once are not performing for 1 or 2 year then you've withdraw money and invest in the other and if that happens one or two or more time again then you'll not be able to see the estimated corpus. What is the solution you have now?
If you wish to be part of the Money Matters series, please fill up this form: forms.gle/Tmbo2nUTnhn9vjpG7
Money Matters is a series where I have conversations with normal people such as you and I, on your personal finance issues.
It is important to note that I am NOT a financial expert, I am NOT SEBI registered, and I am NOT qualified to give financial advice.
Everything that I say in these videos is purely through my own experiences.
- So these videos do not offer any stock tips, or specific mutual fund recommendations or get-rich-quick schemes.
- I am not selling any product or service through these videos.
- None of the brands that I mention in these videos have paid me to mention them, unless I explicitly say so (and I will say if the video is sponsored).
This also means that my advice may not always be the right advice. So incase I make a mistake, the best way to correct me will be to share your point of view in the comments, so that everyone can benefit from it.
I am not perfect, nor claiming to be either and would love to learn and grow.
The idea is simply to help people with their finance journey and through their story try to help others who may have a similar story.
If you wish to be part of this series, please fill up this form forms.gle/uj9JPUBp8Wo9nZQi7
My Money Apps:
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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
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🎬 Sony FE 24-70 f2.8 Lens: bit.ly/3KCCiF0
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🔆 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.
1 lakh rupees salary hai mere or mujhe bataye 5 saal me 1cr saving kaise kar sakte hai or es k liye kitna investment karna hoga.... Hindi language per Diyan na de please answer karna Sir.
Please update those lost figures inflation adjusted.
Those will makes sense rather than showing some 10-20 crs in thumbnail
I would love your financial guidance sir
Ankur, I agree with your plan with just a small change. If he is so much in debt I wouldn’t do the ELSS until he is paid off the PLs. That way he can come out of the loans may be 6 months earlier by diverting the extra 5K there. With his 55k salary he won’t pay a lot of taxes under new regime in any case.
Alternatively, he can also use the 5K per month to build his emergency fund until he clears off the PLs. That will ensure he does not have to take out another PL if any emergency arise during the 1.5 yrs time frame.
You also did not count the corpus value of the ELSS in your final figure of 3-4 cr.
Warikoo sir , I submitted the form but I never select yet . Please select my form. I need your assistance please
step 1: stop SIP save 5k
step 2: clear 15k loan of bank asap
step 3: collect 20k money
step 4: go to your office HR and ask for salary advance and take ((55k/2) * 12) = 3.3 lacs but 22.5k will be deducted in your salary every month which is equals to all emis + sip
step 5: clear all loans with step 4 and step 3 money
step 6: delete all loan apps
step: 7: you should not do any extra activities for next 12 months as step 4 salary deductions will be for 12 months.
step 8: after 12 months you will be saved half of your salary + 3500 (current savings)
step 9: create Emergency fund
step 10: now you can start your tax saving SIP
The idea is good however I don't think he will get the mentioned amount loan from his office
Okay you have good idea for asking but HR will not ready for then
but he is taken loan from application and it's on 30%
then it should take other loan for all amount which may be on 16% and clear all that debt
and start give big emi to banks instand of all 5 emis
then ask help for ma papa ko bolo help kare kuch gold ho toh sell karna hi better option he kyuki
gold is inventment option
mummy papa ko gold pasand hota he lekin vo bacche se jyada pyar karte honge esa me manta hu
sell you unwanted items it may save your intersets
Every Youth of this country must watch this episode...this is the way to get out of debt and start investing asap
Felt my heart sinking as he was narrating all the loans !
Same
Currently he has total loan of 3,50,000 with emi per month of about 19.5k. What if he take a loan 3,50,000 which will cost 3,60,000 after processing charges and documentation for 4 years. It will make emi of about 9,500 every month.
He can pay off all his loans at once. Other than that, he will save 10,000 in hand as compared to previous emi's. But he will be able to save the amount for emergency fund from just next month. And in next 10 months, he will have 1 lakh as emergency fund. Instead of waiting for Oct, 25. Other than that, if he wants to, he can make part payment of loan as per his convenience so as to pay it earlier.
But I feel he will be in comfort from just next month with this method.
As per current situation, what if he needs emergency fund of even 10,000 in just 1-2 month. He will take another loan. Because as per this excel sheet, he will left with 0 every month.
The idea is good but practically not possible.
Exactly
Brilliant way of tackling out a debt trap. When Tanmoy started narrating about his loans and the fact that he was not even aware of the interest rates of his ongoing loans, it gave me chills.... But the suggestions Ankur gave to Tanmoy was just brilliant. I hope Tanmoy clears all his debts soon and achieve financial stability... all the best 👍
Itne sare loans bharte bhrte ye aur loan lega because he has no emergency funds. In fact, these explanation only works on papers not in real life.
The middle class Salaried man right here. Around age 35-40 he will learn not to go for App loans and by that time his salary would be about 75k and he would have started saving. So, nothing to worry about.
It is not easy to be vulnerable, thank you Tanmoy for showing courage and teaching many people watching this video about it.
This won’t work, not at all sustainable. Focus on finding a cheaper place to live, focus on switching and increasing salary. Any bonus / gift received should go to paying off loans. Non essential stuff should be sold off on olx/ebay, again to pay off loans. Start a second job/work on weekends/overtime to pay off loans.
I also feel the same
For everything there are many different ways of solving problems or solutions.. no one can give exact solutions.. 🙄🙄🤷🏽♂️🤷🏽♂️🤷🏽♂️
What he has suggested a simple plan and a framework.. ppl
Like you just critic without taking any step n keep revolting 😅😅🙏🏽
No point in investing in elss at this point as you can opt for new tax regime and you will be tax exempted till 7.5 and assuming total income is less than 7.5 based on what you have told. You can clear your loans even faster what is told in the sheet
I really appreciate Ankur's approach to deal with people. He never questioned him about any of his loans and just kept information what required and provide one of the possible solution.👏👏👏👏👏
Truly there are certain things seemed missed like funds for his marriage but I am sure he will find some solution along the way.
Room rent is more....12k...
First you have to shift your room ..
For 1rk ...
That will be 4k to 5k rent....
You have saved 7k pm
And your salary also increment 10%
1 rk in 4k in metro? 😮
Wont get that cheap. Pune is very expensive after covid 😢
Bro, in Pune 12k is ok
@@sunapila i am living in ghorpadi pune here 1rk is at 5k only
@@cloud_Engineer he still single ...so he can stay in sharing rooms
Hi Ankur. This podcast was amazing. An eye opener. I wish I had gotten to know you earlier. I am 57 and will go by this and fast track my financial independence. It would be great if you could put all this working in an excel sheet and share with us. Grateful to you for your mentorship.
In new tax regime, tax is exempted till 7 lakhs of income. You should switch to new tax regime and stop 5000rs SIP to ElSS and direct that money to close loan.
This can help you to close loan in a much faster way
Loved that he hasn't abandoned his dogs due to money issues. Hats off to him.
This was an eye opening episode!! Hats off Ankur, you are actually connecting with a common man and helping them solve their financial crisis. People might find your content repetitive but you are determined to get people financially disciplined. 🙌🏻
Is it just me or you are also seeing Ankur's still image.. in bg his voice is coming rather on a live video call
Same with me
he says ki camera died, so thats why it is like that
Same
Just you
@@d-k-1 lol
Hats off to Tanmoy, for his courage to come on this show so vulnerable. People should learn from him, how to ask for help when situation is tough!
coming to Ankur's suggestion, it is not practical, I can say he is in very tight grocery/food expenses, once he get to know that he has some more surplus money, he will spend it for at least needs; although I really think he missed some expenses in the calculation itself, he said in the beginning that what is left- he uses it for food/grocery i.e. 6k. If it is not 6k and 9-10k instead, he would have said that.
Also, I wonder how he manage his marriage? How he will take care of his emergency fund in the next 1 year? What about his child planning? What about his traveling expenses like going home and returning in a year? What about his vacation planning?
Although the main point of this video is to pay your debts first then invest and avoid loans as much as possible. Thank you Ankur for highlight that.
you should do a new series where you reconnect with these people and show where they are in their journey and what differences they have made in their lives
I think the best way to close the loan is to go to your salaried bank and approach the loan for all loans foreclosure and make it one loan and after that your excess amount you try to pay loan account to close early.
Men are Brave.
This video is not only for Tanmoy but for all paying high intrest of loans, I can feel him when he say he have to remain same till Oct 2025. Ankur you are awesome!
I felt like Ankur was talking to me and suggesting me what to do to come out of the loans as early as possible and start investing for building a good corpus, i wish i could get a chance to talk to Ankur.
Hi Ankur jayanth this side... I've been following you for quite some time. You've been continuously suggesting to go for MF but it would be more beneficial to us if you make a video around about the parameters one should keep in their mind while opting for MF...
No us fund, no sectorial fund, high aum, last 10 years return must be near to it's index, small and mid cap if more than 10 years and if 5 to 10 years go for large and mid. That's pretty much the rule.
Top Flexi cap fund by highest AUM. Khatam simple. Example : parag parikh, HDFc, Kotak Flexi cap.
Aur kuch ulta seedha lene ka nahi
So humble, soct sooken, patience... Wish i get a boy like this for my daughter. She is also less nonsense talk 😊
आपकी videos लाखो लोग देख रहे हैं, इस पर्यावरण दिवस पर लोगों को प्रेरित करे और खुद भी कम से कम 1000पौधे लगाएं ये challenge है और निवेदन भी 🙏
Sir grow app mai 0:04 aditya birla ka mutual fund hai udhar 1lakh 1 year one time investment kar nay say uskay 2 lakh hogaye ye sach mai hota hai kya ??? Mujhe investment karna hai so please reply my question 🙏
@Warikoo sir, I am a big fan of yours. I have bought and read all three of your books. I have filled out the form for Money Matters and am patiently waiting for a session with you.
@ankur thank for supporting people who really need...
He says at end of month He has no money in hand। so how are you assuming Rs 3500.00 end of each month. See his face. What do you say??
He was spending around 50k per month and had a surplus of some amount. And I really think that this can be done
Sir In the opening remark he says he has nil amount He said clearly that his food cost is out of whatever he can spare I। end of month. Plus lots of expense are not taken like gas cylinder, maid, home travel home to kolkata atleast once a year. So how can he save anything.
Pls see the excel sheet even the SIP he has started is taken into calculation - dat means he has to stop the SIP (5000) for now n use dat money to pay the loans (3500)
Sir you have nothing to say except SIP and compounding 😍
Good advise man.. Tanmoy boy get married at 54 years when you are old enough to sleep with money. Lol !!! you guys have discounted biggest expenditure in the world "wife" and of course beloved kids. You cannot save a definite amount every month to invest in SIP even assume you have 40k the family expenditure, school fees, inflation will beat you..Tanmoy just go with your intuition man and you will find good ways..other wise you stuck with G's advise and your life will be Target driven n boring
Good point, you are genius.😊they have forgotten to mention the main point and lyf is not as easy as the Excel sheet calculation 😅
This video is purely hypothetical. I would suggest you to take one more interview of Tanmoy in Oct 25 to check whether this plan worked for him or not. As far as i can see tanmoy is in huge debt crisis right now and only a loyal friend can save him by providing him an interest free load for 01 year covering the entire amount of personal loans taken by Tanmoy till now.
He has to reduce his living expenses by heavily cutting down his rent. 12000 rent is too much for a bachelor, 4-5k must be sufficient.
Now, the assumption on which your whole plan is working are:
1) Tanmoy is not going to have any emergency till Oct 25, what if he gets an emergency in between?
2) Tanmoy will be in continuous job till Oct'25, how can you be so sure that he will not be laid off? He is in pvt sector not govt.
3) Some expenditure are very unexpected, like if he got his laptop dead and has to buy new laptop? Got his mobile dead and has to buy a new mobile. How is your plan taking care of unexpected and necessary expenses?
I am expecting reply of my concerns from Ankur Sir
How is this hypothetical bro. Its pure reality on display. No Need for too much doom and gloom like him getting laid off and such. he's young he will get another job. Dead Laptop and dead mobile is not an unsurmountable expense. His financial black hole will be the marriage he would be planning in his mind. Apart from that he looks pretty realistic and a good case study for all middle incomes.
@@Kartha6096 bro, he gets so many emergencies in past and he won't get any till Oct'25 (18 months) does this makes sense to you?
Laptop and mobiles are very costly nowadays, a good laptop costs around 50k-60k and good mobile costs around 20k-30k, and just by looking at his condition, these expenses can create an emergency.
Marriage is not something to be afraid of as he can marry after Oct'25 if everything goes as planned.
How can this be a good case study, everything is in his favour only like no financial emergency for the next 18 months, no additional expenditure for the next 18 months, 18 months is a huge time bro that's why I suggested Ankur to interview this guy again in Oct'25 to get the clear image.
Men knows how they difficult life is ❤
Lot of love to all the hardworking man out there in the world.
I know its not easy 😢
On a positive note (for Tanmoy), Ankur missed to consider ELSS (5K pm) and PF (9K pm) to evaluate the future corpus. I am assuming this could balance out the future expenses like marriage, etc. and even after that add to his tally of 4Cr corpus. All the best Tanmoy !
This is a mknd blowing session indeed. But, just an additional suggestion, tanmoy is paying a fixed expense of 21,500 monthly. If its fine for him, he can find a cheaper PG facility and save atleast 10,000 pm. Which will help him clear the loan in 8-10 months. Then the things will be much easier.
Message to Tonmoy: Buddy, don't worry; work along the lines Ankur suggested. Everything will be sorted. Kuch late nahi hua hein. 30 yrs me to mein just kumana shuru kiya tha interms of salaries after those higher education scholarships and fellowships.
Sab btate hai crorepati kaise bne lekin koi bhi ye nhi btata ki jab final amount nikaloge to kitna tax, kitna expense ratio,exit load ye sab baate koi bhi video me mutual fund ke bare nhi btata only crorepati
But what about inflation which will also increase after 20 years, 4 cr rs what will be the value of that at end of 20 years... Please try to cover this aspect also at the end of the video.
12:31 what else ? 😂
Ankoor be like :- Aur kuch hai to vo bhi bata de
Personal finance is nothing more than common sense, no export required to solve most of the problems.
Sir, we should also consider the hike amount and bonus(if any) mostly during april-june period, this amount can be used to clear loans and start saving a little early
Sir good morning. Please make a calculation sheet for Government employees with PF being replaced with NPS. And, whether we shall take only employee contribution as our investment or shall we consider the employer's contribution too ?
Just a thought.
Instead of closing his first loan at 6th month after an assumed 3500.
(There is no emergency backup added in any of the calculation above.)
I would recommend him to take one big personal loan at 5 year tenure so his emi is Lower and clear all the app based loans and low hanging loans. Assuming 3-4lakhs would do it.
Alternatively he can request for a salary advance and start clearing out app based loans faster in say 2-3 months.
That will free up almost 11-12k of his monthly income.
That can be used to payoff the newly taken loan or ride out the advance salary taken.
Snowball effect: Once the smallest debt is paid off, roll its payment into the next smallest debt. Repeat: Continue this process until all debts are cleared, gaining momentum with each debt paid off.
Nice to see Ankur pronounce Tanmoy perfectly!
I want to start SIP which app should i go for I'm literally so confused right now and loosing time??? Can anyone help. And why that app though??
Grown app
ghar ke small item jinki need nahi hoti unko is samay me sell kardo
jyada maintainse vali bhi
or ha mery salary 36 he lekin mera kharch honeke bad bhi me 12 se 13 save karke diversify karta raheta hu
Thanks for valuable suggestions Sir.
Escape from Lahore
Bhagat Singh and Rajguru, both carrying loaded revolvers, left the house early the next day.[33] Dressed in western attire (Bhagat Singh cut his hair, shaved his beard and wore a hat over cropped hair), and carrying Devi's sleeping child, Singh and Devi passed as a young couple, while Rajguru carried their luggage as their servant. At the station, Singh managed to conceal his identity while buying tickets, and the three boarded the train heading to Cawnpore (now Kanpur). There they boarded a train for Lucknow since the CID at Howrah railway station usually scrutinised passengers on the direct train from Lahore.[33] At Lucknow, Rajguru left separately for Benares while Singh, Devi and the infant went to Howrah, with all except Singh returning to Lahore a few days later.
Sir please request make this type video with calculation expense ratio, ltcg tax on final amount
Pf fund se amount nikal ke credit card loan pay karna is a good idea?
Yes it is a good idea, in PF you will get 8% interest,
On loans, you are paying 14-18% interest.
Will the rent and grocery bills be stable till 20 years?
Sir aapka video life changing hai thanks sir
After watching everything and formula to save and prepayment of loan , I feel in ELSS if he closes to pay loan than I feel he will able to save before Oct 25 , and according to me rest everything is ok but there is no point to save money before closing loan . He must start stopping MF SIP of ELSS as he might not able to withdraw before 3 years so again he can start after finishing all loan ....
but what about his desires and expenses on travel he wishes to take or clothes for family and other things which are also to be taken into account. like in diwali or be it a friends marriage! he will earn and save and spend on basic necessities, only at this scenario.. only when he switches his company and get a 30% hike then only he can think about that amount for spending
This video is so helpful thank you so much... i have so many loans
Missing practicality of more expenses coming by marriage and family, 😊
Awesome advice
Very informative
❤ Love From West Bengal ❤
Can I invest in 16 different schemes for sip of 2500 each and 10k in index fund total 45 to 50k monthly
Different scripts:-
PPFC
Mirae asste midcap
Hdfc mid large
Sbi contra
Ipru nifty 300 momentam 30
Sbi small
Quant small
Boi small
Quant mid
Hdfc s&p
Absl multi asset
Hdfc balance
Ipru nifty 150mid
Hdfc nifty 50
All are in direct growth and not regular
For 12 to 15 years
As m 39 year and very late in investing so can I make it 1cr corpus for retirement
Risk type - agravisive
Whatsapp.
+1737.
279.
2044.
This helps me.. I am paying 1.5 Lacs EMI per month
Tanmoy bechara soch rha hoga 20 sal bad 4 cr ka malik ban jaunga. Uska confidence kuch din high lavel par rhega😂😂. Reality 1sal bad pta chalega how tough is to get of rid from debt trap?
Whatever this person have problems regarding loans and struggle.
I relate my self to 99% of hos struggle.
Let's pray for his wellness
just need advise for one thing. 37200 in hand salary and is it good to save 20000 per month from salary? just graduated from collage dont have to pay rents, bills, or any loan, just 3000 to mom and 5000 traval..
its just 2 months of working and i dont know anything about finance , and yes 20000 is saving not investment as this money i am saving to buy a PC for better learning 3d after buying it will surly start investing around the same money.
Started savings too,. Yours is more but I will reach that point soon!!!
Bro is not in good condition in terms of too much of loans , so if he is living alone in pune he must shift himself to lower rented house. That could help him to save more . After completion of all loans shift to new flat again .
Why is ankur stuck
Selling dream 😅
Ankur Sir pls make some videos on US stocks. We want a separate video on VOO vs VOOG vs VOOV and also vs NASDAQ. It is hard to invest without proper knowledge. In your earlier videos you said to invest in Vanguard. But in which vanguard should I invest? Is it VOO or VOOG or VOOV. Pls make a separate video sir. I searched in UA-cam many times, there isn't a single video about this topic. You just got a new topic. Pls sir make a new video. After your clarification I will invest. All procedure is completed in INDmoney. I just need to make sure in which Vanguard or NASDAQ should I invest. Pls sir. Thank u. Love from Kolkata.
Whatsapp.
+1737.
279.
2044.
Important point:- pf saving extra hai, sir forgot to mention
Ankoor just make a list the candidates and revist or arrange the call after 6 month for 5 min to re check pf there standing or following bthem. Some genniune will follow. And viewer will get more confident
Brother please make a video about AMC SIP
Please read 😢:
Betting apps destroying life of young indians...i also the victim of this...
Lost all money 26 lac i am now loan defaulter...
Celebrities are promoting this...this is legalise satta in our country....i know its 90 percent my fault but 10 percent in government not making laws on this and allowing this kind of things our country...
Even porn we have to use vpn but in this Gambling no restriction...
Please raise this issue and save the india save the youth
Love from West Bengal ❤
Very helpful ❤❤
Mutual fund close hone par kya karenge video please sabko janna hai 🙏
Filled the form, still not reached out for a episode. Please look into it.😊
Bro honestly you also need to SWITCH/ UPSKILL to INCREASE your income, 7-8 LPA at 32 age is not that great to live a good life, there are many opportunities to switch in these big cities, so take advantage of that, This is quite important as in 2 years you need to support family also and might get married + WANTS bhi toh poori krni hai
If income is not consistent which is better SIP or One time ?
I am hoping for some advice for a person in 40s where investment for 15-20 years is a bit too long to reap benefits.
Stop 5000 sip
1000 ka tax jo save kar raha tha usme
1500 month ka sutta
2500 month ki daru for your enjoyment
Baki bc emi ka kya hai ho hi jaegi kabhi na kabhi khatam
Hello Ankur,
I am following your videos long back. How to participate in money matters program.pls guide me also
Tanmay Bhai 2628 per month Term insurance premium bahot high hai..
Bachelor, PG room dhundo yaar 12 k rent to family wale dete hai.
kya chatar patar loan liye hai itane sare
Sir you didn't consider his marriage, that expense will be too high due to which mostly he will take loan
Make video on how health insurance claim?
One Question sir when he will save for marriage ?
If any visit he have for home that from where he will get
If any relatives comes for roam around how he mamage.
And kids wife expenses ?
He needs to cut down on his rent, get a side gig for extra income or change job for higher compensation immediately. Ankur's excel sheet is too hypothetical, without considering any emergency until Oct 2025. Investment is a faraway dream in his case. Also, without meaning to judge at all, taking loans is also a habit, and despite best interest and intention, I doubt he will not be tempted to take more loans. App loans are terrible! I am sure his 2 wheeler loan is from an NBFC tied up with the dealer. In that case, the interest rate would be atleast 20%. He does not check the interest rate before taking loans, which also indicates towards his habit of taking loans. Wishing him all the best.
Sir suppose I have 2 lakh as my business capital and I have lot of property so how much loan should I take too grow
I was wondering why Ankur did not suggest him to take a personal loan & pay off rest all the loans at a time. As per my knowledge, a big loan for little longer time from a single place will have less internet atleast compared to the app loans he had.
Instead of he should withdrawal pf balance to close all loans
As age is 31
Maybe 2/3,lakh to hoga employee n employer ka mila ke .
Hi Ankur. I am a big fan of you and you are one of my ideals in investment. One question always comes to mind that you suggest the investment pattern to someone on the basis of his current situation for the next 20 to 30 years. But in the future maybe his situation is different and he is not in the situation to invest. so how in that situation what should they do in terms of investment??
How to register or join for this episode?
Sir please bataye1500 k ko kase invest kare jyada se jyada return mile kyo ki mere do beti h jiski satuday or marrege ki tension na ho ek beti12 year or dusri beti 8year 10 - 15 years invest karna chahti hu sir please is par vedio banaiye. mai google from v bhra tha par meri name select nahi huaa please sport me
You always mention okay one large cap one small and one mid cap this will give this this much return now here's your corpus but the reality is mid cap and small cap best performers keep changing and if the choosen once are not performing for 1 or 2 year then you've withdraw money and invest in the other and if that happens one or two or more time again then you'll not be able to see the estimated corpus. What is the solution you have now?
Bhai k crore sunke face m hasi aaa gayi😅😅😅
His expenses are 50000 and income is 55000 the he says he has nothing in bank balance how???
People always wants instance richness that's why they fail in managing money
Shadi ka kya?? Jisme 15-20 lakh lagega??