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Thanks a ton, Yugandhar! Really means a lot coming from you! :)

Thank you so much! 😊

Hey there!

@AkashDamodaran now understanding about finances at the age of fourty....

@AkashDamodaran I'm interested in finances now. A LOT OF PEOPLE MAKE CONTENT but they aren't Digestable....If a 11 year old can't understand it neither will the masses.

@ I completely agree! I sure hope my videos are easy to understand and digest? :)

@AkashDamodaran in anything you attempt to do the foundation is the most important, so apart from your videos I still have to put in the work.Are you on Instagram and Tiktok. I'll follow.

It really depends on what you're looking for and which part of the money journey you're on but I would recommend reading 'The Psychology of Money' and 'The Millionaire Fastlane.' Probably two of my favourite books when it comes to money. Enjoy :)

🙏🏼😊

Thank you so much, Gobi! :)

Thank you so much, Akarsh! :)

Thanks a ton! Means a lot!! :)

True that! 🙌🏻

@AkashDamodaran u are citizenship?

Thanks a ton, Kyle! 🙂

Apologies, Abhishek. Just realized that the link got missed in the publishing confusion. I've included the link the description now. Happy crunching! :)

That's a great deal! :) We moved units in the same building and ended up paying lesser rent for a bigger place with storage. I think it really depends on the market and circumstances.

Here you go: akashdamodaran.notion.site/172ad17ddf0180ca9881fd13121aa8ae?v=172ad17ddf018106ad55000ce0b3fef5&pvs=73 Duplicate and add the page to your Notion and then hit New to choose what type of journaling you want to do. Happy journaling! 🙂

Thank you, Govind! 🙂

Here you go: akashdamodaran.notion.site/172ad17ddf0180ca9881fd13121aa8ae?v=172ad17ddf018106ad55000ce0b3fef5&pvs=73 Duplicate and add the page to your Notion and then hit New to choose what type of journaling you want to do. Happy journaling! 🙂

You can reach out to me on my website :)

Took a break to assess how the videos are doing and what kind of content to double down on. So don't worry, I have a whole lot coming your way! You should see videos in a few weeks. Stay tuned! :) PS: I couldn't have asked for a better comment to wake up to! Thanks a ton, Yugandhar! :)

@AkashDamodaran ok ! My friend in case of any problem I am with you ❤️

Agreed! And the key takeaway here is to not let emotions drive your purchase. But I also see a little bit of social stigma/pressure in your response because you said a house is necessary, which I don't think so. There are people who go through life not having a house but still being quite financially stable and well-off. At the end of the day, buying a house is one of the biggest financial decisions you'll make and you don't want to end up just owning a house and paying the loan your entire life and not having any other investments or diversification. What I just said might sound very contrarian(that's because it is) and probably, senseless. And so, I would highly recommend checking out my other videos where I talk about real estate and you'll see an in-depth breakdown of what I'm talking about with actual numbers. Check them out and I'd love to hear your thoughts 🙂

Thank you and good luck to you too! 🙂

Thank you so much! 😊

Thanks a ton, Akash! Means a lot coming from a fellow TH-camr! 🙂

Wow! This comment made my day! Thank you! 🙏🏼🙂

🙌🏻🙌🏻

Thank you so much, Drishya! 🙂

I didn't go into specific scenarios like rents going up or pre-paying part of the loan because these can get really subjective. But I would recommend looking at the numbers video at the end of the video, Thomas. It would indirectly answer your questions because the whole purpose of this video is not to say that you shouldn't buy a house. The real question is whether it's worth the investment, depending on your financial situation and disposition. Check out the Numbers video and let me know your thoughts. I would love to hear them 🙂

@thomas learn how to talk and what efforts done to put a video, stupidity is to type in hide. Then also he is giving polite advice😃 btw no one invited you nor you paid for it

The only thing I'm selling is ensuring you get your bang for your buck regarding investments and assets, Dhruv! 🙂 Let me make it clear that I too would love to buy a house but not anytime soon because there are far better opportunities out there for me to grow my wealth with my current situation. If you have made some serious money then you should a 100% go ahead and buy a house; it could be a good investment. But is real estate the best investment you can make at any phase of your life, I don't think so. My humble suggestion is for you to check out the videos I am recommending at the end of this video(or any of the Real estate related videos in my channel) and let me know if that makes sense. It indirectly answers the questions you're posing here 🙂

You're 100% right! What infuriates me is that most people's biggest goal or aspiration in life is to buy a house quickly so that they can start paying off their housing loans for a good portion of their lives while there are smarter ways to acquire assets, including real-estate.

Sure thing! Could you please drop me an email regarding this? You can find my email ID on my channel details 🙂

Thanks, Tanmay! 🙂

I love it! I couldn't have hoped for a better comment to start my day. And I love that you're also going to spend time actually implementing the learnings. Keep us posted on how things progress, Akshay! 🙂

Yes, you're right, budgeting isn't for everyone. And I can understand the sentiment because I'm a very rational person, just like you are, Gabe. And so it was natural for me to have limits and plan things out to the T. But as I mentioned, we can't predict the future and so when say you're ready for whatever, I'm unsure how that works because we don't know what to entirely expect. On the flip side, if we plan a buffer for our expenses and handle savings and investments smartly, then when these unexpected things pop up then we can handle them and feel good about it. I assume that's what you're alluding to. Fundamentally, what I'm trying to explain in the video is that it could be hindering you from really making more money. Because this requires some level of unlearning and a mental shift. If you have your expenses fairly in order(but also NOT BEING FRUGAL) and you're also making more money then this becomes second nature. Why spend so much time manually things out every month. Either way, I completely understand where you're coming from and I respect it, especially considering I used to be there. Whatever works for you works for you 🙂

@@AkashDamodaran You're right, we can't predict the future, but we can anticipate some possibilities and plan for them. It doesn’t mean living frugally or tracking every expense down to the minute-more like having a framework that gives you peace of mind when things do come up. I’ve found that it’s not about being strict but being prepared, so when unexpected situations do arise, like my car suddenly needing a major repair that costs over a thousand dollars, a medical bill for an unplanned procedure or treatment, or an unexpected layoff that affects my income for a few months, I can handle them with less stress and more confidence. And for me, everything but the job loss wouldn’t qualify me to dip into my emergency fund- because I have specific funds set aside for these kinds of situations, which means I can address them directly without disrupting my overall financial security. I think we’re essentially saying the same thing from different angles: the goal is financial freedom and security, and everyone has a different path to get there. I appreciate you sharing your perspective and the idea of unlearning; it's always interesting to hear different approaches in this financial space on TH-cam. 😄

Hey Athul! Could you please drop me an email regarding this? You can find my email ID on my channel details 🙂

@@AkashDamodaran Sure

Glad to see that there are other people who vibe with the same thinking and message 🙂

Thank you so much for your kind words 🙂

Nice to e-meet you, uncle! 🙂

Thank you so much Chechi! 🙂

Woke up to such a nice comment. Nothing motivates me more. 😌 Thanks a ton, Niladri! 🙂