1) Know your monthly fixed expenses 2) Divide money into fixed expenses and investments, for these its better to have two separate savings account 3) Maintain emergency fund of atleast 4-6 months and put it in fd which can be break easily in case of emergency 4) Separate demat account for investments, one for your own investment and other for your kids future 5) Document your investment and savings 6) Right use of credit card
I had 1 lakh. Wanted to buy a motorcycle. But I invested it on stocks. 10 years later it became 10 lakh. Wanted to buy a car, but invested in stocks. 10 years later I have 1 cr. I wanted to buy a house but invested in stocks. 10 years later I died.☠️
That's why there's a thing called balancing things When you had a 10 lakh you should go for 5-6 lakh budget car Have one crore should go for 30-40 lakh house 😊
Minimum monthly expenses 40k Currently unemployed from 5 months and my emergency fund is getting over Not getting job, so planning to start food business
@@dm5665I'm not saying fd is wrong. I'm saying that don't invest in fd for high returns. Please choose a bank which is stable, large and near to you. This is emergency fund not an investment.
Aab to saving pe bhi Tax aa gaya like long term stock pe 12.5 % Aur short term me 20 % aur baki sab se bhi hai so aab investment kar ke kya karoge better collect some money and then go abroad at least vaha pe kuchh save nahi bhi kiya at least dusare fayde to honge
Stable Money doesn't give 200+ bank options, only 5 bank options, please use it understand it , don't share wrong information, I have FD with them but they have limited options .
Please analysis video for early retirement portfolio in india.with assets allocation? Dividend income? Rental income? Please analysis dabur vs hul vs tata consumer vs dmart? Which is best for portfolio as a FMCG share?
Pgim mid cap ka kya hua sir...apne bahut strongly recommend Kiya tha ...jaise hi fund manager change hue ..fund ki halat patli ho gaye...koi analysis Kam nhi aaya
"6 Things Middle Class Janta Not Doing Right | How To Stay More Organized with Your Money" Main Idea - The video provides practical advice on managing personal finances effectively, focusing on six key areas that the middle class often overlooks. Detailed Summary Introduction: - The video discusses the importance of personal finance management for the middle class in India. - It emphasizes that without proper financial planning, even a windfall of money can be quickly depleted. 1. Know Your Monthly Fixed Expenses: - Identify and calculate monthly fixed expenses. - These are unavoidable costs that vary based on individual lifestyles. - Example: Rent, utilities, groceries, etc. - Importance: Helps in planning and avoiding financial stress. 2. Dividing Money into Fixed Costs and Investments: - After calculating fixed expenses, allocate remaining money for investments. - Use two separate savings accounts: one for fixed expenses and one for investments. - Benefits: Prevents overspending and ensures continuous investment. 3. Managing Extra Expenses: - For additional expenses (e.g., birthdays, parties), add extra money to the fixed expenses account. - Ensures availability of funds when needed. 4. Maintaining an Emergency Fund: - Create an emergency fund for medical emergencies or job loss. - Aim for 4-6 months' worth of salary. - Keep this fund in a fixed deposit (FD) for quick access and stability. - Use apps like Stable Money to find the best FD rates. 5. Separate Demat Account for Investments: - Use separate demat accounts for personal and children's investments. - Ensures clarity and discipline in managing investments. - Important for long-term financial goals, especially for children's future. 6. Documenting Investments and Savings: - Keep a detailed record of all investments, savings accounts, FDs, and other financial documents. - Ensure family members can access this information in case of an emergency. - Prevents financial hardship for the family. 7. Right Use of Credit Cards: - Use credit cards for benefits like reward points, cashback, and discounts. - Pay off the bill in full each month to avoid debt. - Credit cards should be used by those who can manage them responsibly. Conclusion: - The video concludes by emphasizing the importance of these six tips for better financial management. - Encourages viewers to like, subscribe, and check out the Stable Money app for FD investments. Notable Quotes - "Money is not made only by hard work. Money is earned and collected by hard work. Money is made by money." - "Your investments should continue every month. That money should not be spent elsewhere." - "If you are unmarried and your age is less than 25-26, then pat your back. But don't think about skipping this point because the mother-in-law was also a daughter-in-law." Key Takeaways - **Calculate and Plan for Fixed Expenses**: Knowing your monthly fixed expenses is crucial for effective financial planning. - **Separate Accounts for Expenses and Investments**: Use different savings accounts to manage fixed expenses and investments. - **Emergency Fund**: Maintain an emergency fund equivalent to 4-6 months' salary in a fixed deposit. - **Separate Demat Accounts**: Use separate demat accounts for personal and children's investments to maintain clarity and discipline. - **Document Investments**: Keep a detailed record of all financial investments and savings for easy access by family members. - **Responsible Credit Card Use**: Use credit cards for benefits but pay off the bill in full each month to avoid debt. This structured summary provides a clear understanding of the video's content, making it easier to grasp the main ideas and key takeaways for personal financial management.
Bro you said 6 months salary should be in emergency fund and you have given example that if your salary is 50000 then you need 6 lakh of emergency fund that is one year salary
Sir I'm new here and i want start investing money for future I'm 23 right now i want start SIP for 10 year but I'm confused which mutual to choose and how much money should invest and before buying mutual fund what point should note. Please guide me 🙏
Credit Card: You don't get it mate. The credit card companies Depends on our lack of self discipline Or, They bet that you won't be able to maintain the same level of discipline everyday. No matter how prudent you are with money, You debit card will bounce if you empty the wallet, But credit card won't. Salary 1 Lakh Take home, Credit limit 3.Lakhs..why ? 99.99% of people can't track their everyday expenses everyday. A debit card acts as a hard stop. A credit card will allow you to keep consuming. Or you will spend extra because of that reward points..we all do. It feels so intuitive and logical ! Right..That's the genius behing credit card companies.. They spend billions in human behavior research. There is hardly anyone who wins against that kind of brainwashing. Remember, the house always wins.
Dear sir..ham ek middle class fly. Maa paap beti...betika age 20 years.. hame mutual fund share market kuch pata nahi.. lekin kuch iska through small amount invest karnahetho kya kare.. kaise kare..demat account kolnahe kya..kaise..pls guide me...🌹
See everybody was promting mf before the budget came now suddenly people start promoting to manage the expense. No matter how expert you are in managing expenses, the final money saved depends upon the government polices. So better take action against fraud government.
1 cr to har middle class wale ke pass waise bhi hai ….har middle class crorepati hai….whats d big deal….uske asset or ghar ko jodoge …1 cr se upar hi niklega
This year could turn out worse. I lost a lot of money last year as a result of poor investing decisions that I would never have made if I hadn't been so concerned about my portfolio. I wasn't sure whether to keep investing or make mortgage payments. After selling my investments, I discovered that the house required more work than I expected. I'm not sure how long I can go on like this..
To diversify your portfolio, invest in companies with observable cash flows. I've earned money in over 500 different markets in the previous 10 months since employing a planner to help me strengthen my portfolio at the end of 2023. If 2023 teaches us anything, it's that good fortune is temporary. Even in good times, we should put in more effort to prepare for the worst-case scenario
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
👉 Download Stable Money -
stablemoney.onelink.me/gqsW/wginyb1z
Demat account I use:
zerodha.com/open-account?c=XH7320
Join me on:
Telegram: t.me/YourEverydayGuideOfficial
Instagram: instagram.com/youreverydayguide/
1) Know your monthly fixed expenses
2) Divide money into fixed expenses and investments, for these its better to have two separate savings account
3) Maintain emergency fund of atleast 4-6 months and put it in fd which can be break easily in case of emergency
4) Separate demat account for investments, one for your own investment and other for your kids future
5) Document your investment and savings
6) Right use of credit card
I had 1 lakh. Wanted to buy a motorcycle. But I invested it on stocks. 10 years later it became 10 lakh. Wanted to buy a car, but invested in stocks. 10 years later I have 1 cr. I wanted to buy a house but invested in stocks. 10 years later I died.☠️
😂😂😂
That's why there's a thing called balancing things
When you had a 10 lakh you should go for 5-6 lakh budget car
Have one crore should go for 30-40 lakh house 😊
Minimum monthly expenses 40k
Currently unemployed from 5 months and my emergency fund is getting over
Not getting job, so planning to start food business
All the best bro, wishing you all the success in ur start up.
All the best brother 🤝🏻
All the best man I hope you succeed.....don't give up
May Allah Guide you
All the very best wishes
Nothing can be best than this video. You are a very good tutor
Crisp and Clear talks. No Bullshit.
i hardly like the youtube videos..but this one is good...crisp and crystal clear...
Exactly... Credit card is most powerful weapon. If you use it wisely. ❤
😂😂"Accha se mehenaat chal rahi hogi "... ultimate hai.
Apart from valuable suggestions those punch lines are highly appreciated.😅
For emergency funds, I would never ever advise to do fd for high returns. Better to put in a branch closer to you and possibly with a bigger bank.
How FD is wrong? Please explain anyone can break it incase of emergency
@@dm5665I'm not saying fd is wrong. I'm saying that don't invest in fd for high returns. Please choose a bank which is stable, large and near to you. This is emergency fund not an investment.
Aab to saving pe bhi Tax aa gaya like long term stock pe 12.5 % Aur short term me 20 % aur baki sab se bhi hai so aab investment kar ke kya karoge better collect some money and then go abroad at least vaha pe kuchh save nahi bhi kiya at least dusare fayde to honge
100% clear and crisp talks 🙏🏻❣️
Aap ki videos hamesha acchi hi hoti hai. Thank you❤from bhopal
Stable Money doesn't give 200+ bank options, only 5 bank options, please use it understand it , don't share wrong information, I have FD with them but they have limited options .
True
True,even i hv FD
TRUE, I withdraw all amount from stable money
Yes, I also found this only recently.
True
Another informative from you sir, i love to watch all your videos. thanks for uploading these kind of videos for us.
Video pause 😮 01:45
100 take ki baat kahi he aapne... Love from Pune
Thanks for giving good advise about our daily life
Ek ek sentence very important to lead a disciplined wealthy life 👌
Very Nice Explain Ranjan 👍
App ki parsonal finance video bahat achi hotihe
9:30 was out of syllabus 🤣🤣
Thank you for the crisp and clear advice!
Great video.❤ From Pune.
Emergency fund ke liye fd kerne ki bhool kabhi na kre,
Emergency fund ke liye RD best option hai
Thanks I'm your new subscriber❤
Sir bilkul sahi , my age now 55, last 30 year always monthly end on fist day
Nice and straight forward.. everyone needs to see this...
Thank You So much sir🙏
Sabse pahle emerjency money rakhna chahiye
Very motivational talk❤
Great video for personal finance knowledge
thank you for these great advice...
Make a video on best credit cards for common people..😊
Please analysis video for early retirement portfolio in india.with assets allocation? Dividend income? Rental income?
Please analysis dabur vs hul vs tata consumer vs dmart? Which is best for portfolio as a FMCG share?
Nice Vedio Sir, Thanks
Aap apna mike volume up kijiye bhot slow voice aati h
Thank you sir ❤️🤗
Pgim mid cap ka kya hua sir...apne bahut strongly recommend Kiya tha ...jaise hi fund manager change hue ..fund ki halat patli ho gaye...koi analysis Kam nhi aaya
Many illogical things but idea is good
Book summary of 'Lets Talk Money' by 'Monika Halan'.
Many times I tried but not achieved
I think this type of vlog you upload January 2024.
"6 Things Middle Class Janta Not Doing Right | How To Stay More Organized with Your Money"
Main Idea
- The video provides practical advice on managing personal finances effectively, focusing on six key areas that the middle class often overlooks.
Detailed Summary
Introduction:
- The video discusses the importance of personal finance management for the middle class in India.
- It emphasizes that without proper financial planning, even a windfall of money can be quickly depleted.
1. Know Your Monthly Fixed Expenses:
- Identify and calculate monthly fixed expenses.
- These are unavoidable costs that vary based on individual lifestyles.
- Example: Rent, utilities, groceries, etc.
- Importance: Helps in planning and avoiding financial stress.
2. Dividing Money into Fixed Costs and Investments:
- After calculating fixed expenses, allocate remaining money for investments.
- Use two separate savings accounts: one for fixed expenses and one for investments.
- Benefits: Prevents overspending and ensures continuous investment.
3. Managing Extra Expenses:
- For additional expenses (e.g., birthdays, parties), add extra money to the fixed expenses account.
- Ensures availability of funds when needed.
4. Maintaining an Emergency Fund:
- Create an emergency fund for medical emergencies or job loss.
- Aim for 4-6 months' worth of salary.
- Keep this fund in a fixed deposit (FD) for quick access and stability.
- Use apps like Stable Money to find the best FD rates.
5. Separate Demat Account for Investments:
- Use separate demat accounts for personal and children's investments.
- Ensures clarity and discipline in managing investments.
- Important for long-term financial goals, especially for children's future.
6. Documenting Investments and Savings:
- Keep a detailed record of all investments, savings accounts, FDs, and other financial documents.
- Ensure family members can access this information in case of an emergency.
- Prevents financial hardship for the family.
7. Right Use of Credit Cards:
- Use credit cards for benefits like reward points, cashback, and discounts.
- Pay off the bill in full each month to avoid debt.
- Credit cards should be used by those who can manage them responsibly.
Conclusion:
- The video concludes by emphasizing the importance of these six tips for better financial management.
- Encourages viewers to like, subscribe, and check out the Stable Money app for FD investments.
Notable Quotes
- "Money is not made only by hard work. Money is earned and collected by hard work. Money is made by money."
- "Your investments should continue every month. That money should not be spent elsewhere."
- "If you are unmarried and your age is less than 25-26, then pat your back. But don't think about skipping this point because the mother-in-law was also a daughter-in-law."
Key Takeaways
- **Calculate and Plan for Fixed Expenses**: Knowing your monthly fixed expenses is crucial for effective financial planning.
- **Separate Accounts for Expenses and Investments**: Use different savings accounts to manage fixed expenses and investments.
- **Emergency Fund**: Maintain an emergency fund equivalent to 4-6 months' salary in a fixed deposit.
- **Separate Demat Accounts**: Use separate demat accounts for personal and children's investments to maintain clarity and discipline.
- **Document Investments**: Keep a detailed record of all financial investments and savings for easy access by family members.
- **Responsible Credit Card Use**: Use credit cards for benefits but pay off the bill in full each month to avoid debt.
This structured summary provides a clear understanding of the video's content, making it easier to grasp the main ideas and key takeaways for personal financial management.
Insightful video
9:42 mujhe khud pe doubt hora 22 ki uhar me h Puri tarah investment me ghussa hua hu, khai m Saadi suda to nahi😂
Great video 👍
Tysm madhav
Thanks
Thanks Ranjan a lot...you have shared very important knowledge . Please keep it up!
But... Credit card use kr k income se kharcha kat k... Baki income pe tax set krwa sakte hai?? Pls tell me about this...
Bro you said 6 months salary should be in emergency fund and you have given example that if your salary is 50000 then you need 6 lakh of emergency fund that is one year salary
would you please make a video on explaining the credit card
15 video banaye hai, thodi mehnat Karle bhai
Yes, agreed!
Not giving so much option before making videos please check the apps and others information of that so that misleading will not happen
Nice speech .....❤
To ache se mehnat chalri hogi 😂😂😂
Thanks sir, aap ne achcha samjhaya.
Yes ur correct
Sir ye sari galti ya Phonepe Or Google pey ki galti hai.. 😅😅
Middle class electricity bill = 9,500-
Our electricity bill = 800 max😅
Though we are still middle class🙂
Pl suggest one best fund for SWP sir
Middle class waalonke liye video hai main kyun isko dekhraha hunn,humto lower class waale hain 😢
how many bank account a person need?🤔🤔🤔🤔🤔🤔🤔🤔🤔
Even stable money FD money takes 24 hrs to get credited same as share market so it is much better to invest in share market.
Sir I'm new here and i want start investing money for future I'm 23 right now i want start SIP for 10 year but I'm confused which mutual to choose and how much money should invest and before buying mutual fund what point should note. Please guide me 🙏
What is your in hand salary
Salary kitna he ....I will give u small cap (SBI or quant), flexi cap (jm or Nippon) arbitrage (HDFC) index (uti)
Nice vedio dost
10,000
Sir nice video🎉
Credit Card: You don't get it mate.
The credit card companies Depends on our lack of self discipline Or, They bet that you won't be able to maintain the same level of discipline everyday. No matter how prudent you are with money, You debit card will bounce if you empty the wallet, But credit card won't.
Salary 1 Lakh Take home, Credit limit 3.Lakhs..why ?
99.99% of people can't track their everyday expenses everyday. A debit card acts as a hard stop. A credit card will allow you to keep consuming.
Or you will spend extra because of that reward points..we all do. It feels so intuitive and logical ! Right..That's the genius behing credit card companies..
They spend billions in human behavior research. There is hardly anyone who wins against that kind of brainwashing.
Remember, the house always wins.
Monthly 22k minimum
They're doing a lot more.
Just goberment taxes are not letting them live!
I like this video because of the beeeps… 😅
Is it safe to invest through stable money?? Any experience from anyone??
I also have doubts. But I heard from different youtubers as well that it is safe..
Monthly expenses 20000
Dear sir..ham ek middle class fly. Maa paap beti...betika age 20 years.. hame mutual fund share market kuch pata nahi.. lekin kuch iska through small amount invest karnahetho kya kare.. kaise kare..demat account kolnahe kya..kaise..pls guide me...🌹
Sir, sip investment ke bare mey UA-cam se jankari le lijye. 500 rs se monthly investment Kar sakte hi, long term ke liye achha returns milega.
RBI k fixed rate government bonds.
Rate of interest 8%
Lock in period 7 years
Bank account se bhi ho jaega. You dont need demat account for this
Top mutual funds me simple sip start kr dijiye jitna monthly invest kr skte hai utna long term se aacha profit hoga
I dislike this video due to stable money
Stable money is a good app
😂😂@@kumarsk21
Super
Kid school fee 10000😮 Can you tell me little bit more about your kid's education??
Are vo example ke liye add Kiya hai to fix hota hai vo real nhi hai 😅
Metro city like delhi ncr yaha yahe fees hai and isse jyaada bhi hai
saste schools bhi hai per most of the schools are expensive
Bhai 3 bacche hoonge😂
See everybody was promting mf before the budget came now suddenly people start promoting to manage the expense. No matter how expert you are in managing expenses, the final money saved depends upon the government polices. So better take action against fraud government.
50k monthly
Sir kya ap paid consultation karte ho? How to contact you?
54000 monthly expenses
ॐ नमः शिवाय ,❤
You sound like money minded Mandeep from LLA 😂
1 cr to har middle class wale ke pass waise bhi hai ….har middle class crorepati hai….whats d big deal….uske asset or ghar ko jodoge …1 cr se upar hi niklega
Here we see your knowledge about finance, when you stay at your home then there is no value of that.
❤
Why because middle class ke sapne bahut hota hai.
Bro you need to manage your monthly fixed expenses first 😂 86k
This year could turn out worse. I lost a lot of money last year as a result of poor investing decisions that I would never have made if I hadn't been so concerned about my portfolio. I wasn't sure whether to keep investing or make mortgage payments. After selling my investments, I discovered that the house required more work than I expected. I'm not sure how long I can go on like this..
Take things easy, we've all made mistakes.
To diversify your portfolio, invest in companies with observable cash flows. I've earned money in over 500 different markets in the previous 10 months since employing a planner to help me strengthen my portfolio at the end of 2023. If 2023 teaches us anything, it's that good fortune is temporary. Even in good times, we should put in more effort to prepare for the worst-case scenario
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Leah Foster Alderman
You'll undoubtedly find out more if you look her up online.
❤❤❤❤
1:46 electricity bill itna jyada kaise h be .. ghar ka bill h ya factory ka ?
Home and studio dono ka hoga Bhai
@@damodarsahu1512bhai Ghar ka bhi itna bill aata hai agr din bhar ac chale toh
Rs 12,000 monthly expenses
Bhai paise se paise banao
Vai mere ko de 5 crore and I can guarantee you that I will pay you 6 crore after 5 years...
😂😂😂😂
🙏🙏🙏🙏🙏
25k
Sir ji, Aapke pass kaam hai?
Bhai sahab meri income to tumhare bacche ke school fee hai
Such a great video
90k per month
Electricity bill 950 ki jagah 9500 likh diye lag rha ha
😂😂😂
😂😂
Beta woh ac bhi chalata hai tujh jaisa gareeb thoda hai😂
950 rupaye gaun main hota h mai khud 10K electricity bill deta hu
4 ac 24/7 chalte h bhai ke 😂😂😂