Spending 40 LAKH A Year With ZERO INVESTMENTS | Fix Your Finance Episode 46
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Hello guys, welcome to another episode of Fix your Finance. In today's episode, we meet 29 year old Shivani and Ashish, both of them engineers. Shivani works as a Test Lead in Infosys, while Ashish works in a US-based stock exchange company as a senior consultant. We talk about their income, expenses, investments, the importance of insurance and the various new costs that come into the picture after having a kid.
and much more!
Enjoy :)
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Disclaimer: Neither the guest nor I am a SEBI registered investment advisor. Information shared is only for educational purposes and not investment advice.
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At the age of 29, they have a consolidated salary of 40 Lakhs, a 1-BHK house, another 3-BHK house, two stable jobs, one side business, 8-year-old daughter. Wow! They are clearly one decade ahead of most of the (average) Indian urban youth !
4 year old daughter
for sure me 28 yr old musician teaching music and arts....lol ..anyway i luv it
It’s suspicious if they had 2 1 BHK why on hell they go for 3 BHK next. How the heck 1BHK rent could be 25k. If you look at no broker sites at Koramangala or HSR you can easily get a 1 BHK in a range of 15-18k.
locality must be great @@SumitSingh-xf8si
They have a debt of 1.9L per month😂
Kudos to people, who come out in open and reveal their financials and important details to educate people. Anshuman is doing a good job, but the people he meets, are truly the help to society 😇
So in four years, these guys have a debt-free 1BHK flat in Bangalore, a Car, a beautiful 3 BHK with just four years remaining debt and a side business as well. Just wow! With enough emergency funds and term insurance, he is good to go. I don't know why people are so negative about him.
True, at the age of 29 only having these
I find it suspicious
I think it's because he has tied up a large portion of his monthly income, in fixed liabilities. So in a few years, if all goes well, he's debt free and living a comfortable life. But, he's taking a gamble that no disaster will happen, in the meantime which would require cash in hand.
Also, the couple, although they are making 40lac+ per year, seem to be living above their means, they keep getting renovations done, and buy the latest iphones instead of saving a minimum rainy day fund. Classical financial advice says that you shouldn't be spending practically your entire paycheck for years together.
@@curiously-cinnamon Who told you that a house in which a person is living in, or a house which is generating monthly rent is a liability?
@@AbhinavSharma-hm6xk Buying the house isn't a liability, but getting renovations done when you lack sufficient disposable income is.
First of all, kudos to everyone who comes on this show to discuss and seek help. I will never be able to be comfortable enough to discuss my financials with anyone so openly. Of course with an agent or advisor I can, but not on this open forum. So really kudos for seeking help and being so open about it.
😊
TRUE THANKS TO THIS COUPLE FOR SHARING .@@shanvikakimaa
Many are paid actors. 2 mins silence for believing whatever is posted in social media is true 💐💐
Yes exactly!
I will never be able to discuss this openly. And because of these informative discussions the rest of us learn so much!
1.7L for a 4-5 year old child's yearly education...
I graduated this year, and my yearly fees for my bachelors degree were 1.7L, inclusive of hostel and mess charges.
lol, i finished my bca for just 1.3l and my friend finished bcom for just 90k but the twist is he makes 8lpa and am jobless
@@akashniftyvlogs6919 he go skills bro...
Total cost of my education till degree was 1.7L (14 years back) and I am earning that much per month😂😂😂
Dude these millennial parents think their children need it or else they'll fall behind. As if we did not learn anything by studying in schools with 500rs per month fee.
my grad fee was 10k in 2021 😢😢
Affter watching this episode i remember a famous quote by buffet "A foolish person with a plan can beat a smart person without it"
😂
Right quote by world big investor
see listen carefully its about buying unnecessary things like iphones fancy cars flats etc.
see u can buy cheap phones if ur daily consumption s just yt, social media call and other action u don't need an iphone for it
think buying porsh cars for the name brands doesn't make difference
😂
@@KrishnaGupta-oq4fohow is fancy flat wrong?
This is an eye opening episode for people who think real-estate investment are way to go. If you have to take multiple loans to invest in real-estate with little savings; the day it backfires, it would be doomsday for you & your family.
They are aggressively paying off loans. That's y it looks like their budget is tight.
❌️
@@rohitm3241 It'll need them good ten years of aggression to pay of that loan. Then to break even on that purchase price with rents alone will take them another 25 years. Unless, they're able to sell the flat before that but who will buy their old flat at a high price when people have new flats available? Also with renting culture picking up among young people, disposing off will be hard.
They can sell off the flat though
@@projectmati WIth due respect, the problem is liquidity. You have a medical emergency requiring 10-15Lakhs you cannot just go in and sell your house.
Like problem of Indian middle class is, If they start to earn some good amount, then they will forget the word simplicity,how their parents raised them etc. They need everything top notch,sending kids to the best/expensive school, buying top end phone/car etc.
@@cybercop3108 expensive school need not to be good school.
@@cybercop3108 100% True
This guy is fantastic. Only 29 years and he has 2 flats a car and a side hustle which I really wish grows amazingly.
Loan lele😂
What is funtastic bro 😂 8 to 10 yrs loan🤣
Isi liye to 40 ka dikhta hai 🤣
Agar ye 29 ka hai to main abhi paida hua hoon
I don't think we can say he "has" the flats or car yet, rather look at it like he's renting it from bank. of course, after 8 to 10 yrs, he'll have ownership of it, but that's a decade down the line.
Owning a well interiored 3bhk is so misleading. The liabilities they carry are scary.
Red flags as below
1. More than 50% of income goes in EMI ❌
2. No Term insurance ❌.
3. Medical insurance of 5L too less ❌.
4. Buy things based on your income and needs, Unnecessary Luxury kills ❌
Financial education is so important 🙏
The video was going well. Till I heard this 2.5 lakhs in accounts and brought a Iphone14 pro max. :D
Great content but please bring someone who earns around 30-40k per month like most of us so that we can relate and understand what we need to do for fixing our finance
It remains the same.. in fact if one is able to save 20k per month out 50k salary then he/she is richer than this couple..
Basically saving(investing) rate determines how rich one is or will be in future..
Bhai Puri zindagi avg hi rahena hain kya ?upskill karke income badhao
@@dfineart2116 kosish jari hai lekin uske lea time lagega naa bro toh wo time aane tak bhi kuch investment hojaye toh much better
Actully we consider 25k per month 20 to 35 years back , then it would be around 80k to 90k per month, my father brought a flat for just 20 lakg 3 bhk that time which would be worth 56 lakh maybe.
It is the inflation which is increasing but companies not paying us what we deserve, we need strict labour laws.
If we pay the rest and save few from 40k still there will be no standard of living..
@@fluffybunny510 Strict labour laws is what has stifled our businesses since independence. Only IT has been spared. The moment it happens, Vietnam and Thailand will be more than happy to take our jobs
I am earning only 25k / month
My Expenses -
With 10.5k emi
I invest 10k / month now
7k - stock
3k - crypto
Looking to switch job
Every year i will invest 25% more
I am sure I am going to retire easily with around 2-3cr till 2033-2035
You don't plan on starting a family one day?
@@gaurinawathe6856 i will invest 1 cr in FD , i will get 7.1% interest. Which means 7 lakhs around. I will buy Health insurance and different Insurance
I have 2 more crores
1 Crore - I will invest in Mutual Fund / Good stocks which can give me 10-12 lakhs per year easily
1 Crore -
I will start small Business of 6-7 lakhs. 3 lakhs backup
Remaining left 90 Lakhs..
Thank You Anshuman for coming. I appreciate your help in fixing our finance, we would have been in real bind without your help.
Also On camera or off camera, we thoroughly enjoyed the day.
❤️❤️❤️
Hi Ashish Shivani
I really liked your side hustles: rental income, restaurant, and vlog initiative.
I believe you people are gonna crack code of success.
All the best !!
Good to see you both taking all suggestions positively. Good going. Learnt a lot.
Thank you so much mam for sharing such insights. Really helpful!! Kudos to Anshuman 🎉
Bhaiya bhabhi bahot acha hai yeh episode thoda sa dhyan dijiyega sab hojayega. Bihari ka dimag kitna tez hota hai aap uske example hai 29 mai kaafi sahi position mai hai aap thoda slow down kijiye sab set hojayega
Humble couple. I wish you good success ahead. 🙌 One suggestion is that you have to keep an eye on ROI. Please don't go on investing only on housing and rental properties. I understand it feels good to possess multiple rental properties emotionally but it is coming at huge compromise on ROI. Rental yields on average is 4.5% to 6% annually
😊
Wtf man. 1.7 Lakhs fees for a kid who is going to LKG. The inflation in education sector of india is scaring the shit out of me for future planning.
Ikr...bruh... imagine the college fees
😂 DINK
😂
Mere college ki fees wae 16k per annum thi idk ye log ameer hai ya mai gareeb😂
Hehe this is ridiculous 1.7 lakhs. I ll prefer to homeschool
This couple really needs financial education..
Reasons: 1. They have a super lavish house that needs a lot of maintenance
2. Both of them are wearing apple watches
3. They have this loan and that loan
guys .. r u even travelling ? buying houses is not a life
I am not able to understand, how come they are able to do so many things within 40Lac combined salary, its just not possible.
Surprisingly he said his age is 29 but he is looking at around 35... Somethings not right there
Why do u think dat everyone is into traveling. For me it's waste of money. Invest in something which gives good ROI.
Dono 40 saal k minimum lag rahe hai
@@IshanGogoiexactly, i am assuming they are in their 35
Also all this looks scripted to me
The interior itself costs 20L
Here is my advice :
1. sell the 1 bhk and put 50% of the EMI you are paying for that in an SIP
2. Increase the tenure of 3 BHK as much as possible and reduce the EMI by 30% , invest that in another SIP
3. Take a 10 Cr term insurance Max Life plan (returns the premium plan)
4. NPS to 2 lac yearly
5. Increase health insurance cover to 15 lac
6. Emergency fund of atleast 15-20 lac in RD or FD
7. Invest in gold bonds when you get bonuses
Wrong advice
They are on track , all they need to do is cut of some kind of luxury expense ( food or fuel ) by 2k and take a term insurance with that amount
For emergency fund they need a credit card
In 2 years they will release 55k emi and by then their salaries will also increase
Then they can use this 55k to pay off their other loan
@@goviking3334Wrong advice. Credit cards for emergency funds are the worst thing you can ever do. It is a financial suicide. What do you want them to withdraw money from ATMs at 5% when they got to pay another emi?
@@goviking3334 huh even you are advice.... all they should do is sell 1BHK flat in Bangalore they will save 25,000 INR + they will have hundreds of thousands of rupees as saving.... they will not need to worry that they need to pay 25K for the 1BHK flat in Bangalore... they can get the insurance and still have saving at the end of the year
My advice
They should sell their 3 bhk, hometown home and shift to their 1 bhk flat. Once their daughter grow old they should sell the 1 bhk flat and shift to 3 bhk flat on rental
They should not buy any insurance plan since currently covered with whatever amount by their company
They should utilize the proceed from sell of 3 bhk to enhance their fast food business or invest in good growth companies in India
Now a days daughter are smart and are willing to do marriage in temple without any dowry. They should look for this option.
They can retire by age 30-40 yrs by doing so and live happily thereafter, else they are stuck in rat race which will be never ending one.
They should cut down on their liabilities and start long term investing. Selling one house could be a good decision.
Childs marriage should be taken care by the child themselves. Parents shouldn’t save for it. They can gift whatever they want but burden shouldn’t be on the parents.
Absolutely true. When they save for marriage now only ..the Asian mentality sucks at times
Your opinion will change 180 degree when you hold your new born for the first time.
@@AbhinavSharma-hm6xkvery well said...
It is surprising to see a 29 year old guy working in a US stock exchange company and not be vary of his return on investment from an endowment plan….i dont blame him its how most of the people in india invest, just randomly without analysing where they put their money ! Requesting everyone to be mindful while making such decisions….
Insight video tho ❤
That's a great irony. He works for a Stock market company but has no equity exposure. But that's how techies are. Too much tunnel vision. Don't know much beyond their jobs.
@@arjunps6776 lol
Working for stock market company but job profile is cloud computing, don't know what exactly his nature of work?
Stocks exchange ki data saving in cloud computing karta hoga aur ise sirf apni job se related hi knowledge hogi 🧐
Guy works for the finance sector but knows nothing about personal finance. Typical Indian. Total book knowledge and no life knowledge.
Bro this video was really eye opening and shocking at the same time. This is the true reality of India. Even being educated doesn't guarantee financial intelligence. Total failure of our education system for not teaching the basics in schools 😮
Sad but true😢
Irony is even after earning so much, financial education is NIL.
They don't give you this education otherwise you won't work your whole life
Flats in metro cities are unnecessarily expensive , any flat above 1 cr is burden on any salaried family , and keeping them away from all the investment options.
Except Mumbai,2bhk flat any where more than 1 CR is burden
Really an eye opener for this generation. It’s like higher pay comes with greater responsibility in managing it.
Lot of Valuable lessons from this video , those who are earning lacs but don't know how to invest see this video its a eye opener, Thanks Anshuman
every idiot on internet is telling to save the money.But no one tell how to make. - seneca
@@pappu10714 i agree with you , these folks are paying EMIs and probably they wull be EMI free in 4 years . They are getting a rent of 30 k from a flat which is also great
@@pappu10714 And no one will tell you step by step for free. Because people are quick to blame others if things go south. If you want to know how to invest, consult a financial planner.
@@pappu10714 every one say make money in online but things is making online money is difficult
At the age of 29 he bought 3 bhk, 1 bhk, investing in many places, doing business and lot of expenses. Based on salary they said, i dont understand where they are saving. They are telling they still have money saved every month. For me 1 EMI and dont see any savings.
I am 21 years old and no dependency since Father has a small business so I invest ₹10000 per month in mutual funds And I am going to continue this.
Don't ever go by face value.. here the adage " THE JONASES ARE NOT AS RICH AS THEY SEEM" holds true..
Its the saving rate that determines how rich one will be and not the earning rate..
As their salaries increase they will have investments too. By 40 they will be in good shape..free from debt and good investments too. But as of now they need to fix a few things like emergence fund and term insurance
24K EMI from Shivani's Salary
140K EMI from Ashish's Salary (110k for house+30K for Car)
He will gift her a diamond and she will gift clothes. At least she can give some expensive gadgets as a gift.
😂
Biggest joke- gender equality
@@sunilkumawat5447 🤪
@@sunilkumawat5447 Even with inequality, Seems husband is happy.
If no dependency/loans, I would suggest to invest 100 percent in equity till 30, after that you can start reducing and go for safer bets. Compunding is key to success in equity.
From what age till 30?
that's right. I did the same and now I'm 31 but still keeping more than 80% of my investment in equity because returns are astonishing.
@@arjunps6776from age 10 to 30
Ye Equity kya hai?
@@AbhishekKumar-bj1qr equity Mutual funds
I felt that these guests are people from 1980s who happen to live in 2023. Their money decisions are outdated like how our parents used to take. FD, RD, LIC etc. Having multiple flats in Bangalore when they already have a home in their home town. Despite earning so well their only major assets are illiquid boxes in the sky which create illusion of wealth. Their only advantage is that they're young. If they manage to begin investing now, they'll create some wealth.
But a lot real estate obsessed couples like this can be found in our cities. Anyway, their money, their life.
I love how both of them know exactly where their money is going!
Imo, knowing where your money is going is the first step to better finances. Increasing or decreasing your expenses gets so much simpler once you know that. Also, God forbid, if anything unexpected happens to your partner, you still know all your finances - so finances wouldn't make you anxious during tough times.
Thanks for the video Anshuman!
That's very true. Basic habit of spending via only one bank account and saving in another starts from identifying the expenses
My whole fees till college totals to 10k ..i was a bottom percentile student.. Now Earning 6 figures a month with a corporate job...by gods grace.... I can't understand 1.7 lakhs per year for LKG.... A bloody joke...
Bro..15-20K person has normal fees in any private school so yearly 1.7L is normal in Bangalore
In real estate, there are multiple ROI challenges.
First, you need several months to be able to sell your property at fair valuation.
Second, some properties appreciate at a poor rate. My father's friend bought a godown for Rs. 3-4 lac in 1998. Now there are no buyers for Rs. 16 lac in 2023. Even if rental income is taken into account, this is a huge loss in real terms.
The couple really planned well. They bought a 3Bhk at 1.3cr, these days its hard to get a decent 3bhk in Sarjapura for 1.7 cr. Good appreciation.
Out of all your episodes this is the first episode I personally related to.
Lot to learn from the video! Thanks bro.
Sadly, they are poor; having the lifestyle of the Rich.
😜
Soo True..!! @pronoy_B :P
Yes. Very well said. They've extravagant tastes which they may not be able to sustain in future.
Yup they full of liabilities
It’s not their money to be honest, the houses that they have mentioned I believe would be ancestral. Trust me they wouldn’t even have the salary that they have mentioned. Even NRI’s like me can’t take 3 houses at such a short span of time.
At 29, he's got a family, 2 homes, 30LPA family income...my man, just save for some time and keep going you'll definitely do better !
❤
Really appreciate the family who came forward to discuss openly about their earnings and spendings. You will definitely do your best in terms of finance.
They are urban poor.
Literally living paycheck to paycheck.
Comment section me log praise kar rahe hai ,ki kitne samajhdar couple hai jo financial advice ke liye iss channel pe aye hai. The problem is unko pata hai unki fisul kharchi bohat hai, jis chiz ki jarurat bhi nahi wobhi kharid lenge. They don't to compromise on anything. No matter what this guy says to this couple, pith gumatehi wohi galti dubara karna chalu kar denge.
Couple is so much stressed they are in there 20s but seems they have touched 40s , take care guys
Sorry Anshuman, with due respect I didn't agree with your advice. They need to close their loans ASAP without even thinking of investments. They are on the verge of financial disaster with 1.9 Cr Loan.
It's 1.1 CR of Total loans commutatively and the current Outstanding amount is Approx 90 Lacs. You can refer to the video's section carefully where all Loan amounts are explained.
At the age of 29 he has 8 year old ….so when he got married at 19??😳😳
Buy Sukanya samriddhi yojna for Girl child as early as possible ( for Higher studies and marriage)
SGB : for 12% tax free returns
PPF - for Husband and wife ( both)
SiP: Nifty Fifty ( nominal sip amount and top up whenever mkt crashes)
FD : 5year tax free wali (for working proffessionals).
Term Insurance : Husband and wife
Mediclaims : family floater
Thats it for working proffesionals.
They were not honest and lying about savings they save more than what they disclosed slowly they are saying they are saving for home town house and then lic for child and the. Nps etc etc so guy is smart enough.
They are aggressively paying homeloan so they will be debt free by age of 38 of 3 bhk
Which is quite awesome
They are already well settled
This is not at all goes by title misleading
Plus they don’t have stress hundred percent they have some liquidfund back up
They just wanted to be seeen on you tube and promote their vlogs😇
😂😂😂
Sahi pakde hain
Bt not totally correct , we wanted financial advice.
Also sare incomes aur savings disclose to ni kar skte public me🤫 @PP-cr6fy
@@shanvikakimaashabash 😅. Gajab strategy 😊
To everyone buying home as investment , take this case - if you take 75 lakhs loan to buy a house, in 8 years tenure you pay about 28 lakhs as interest (approx 37%) , so you need to sell the house for more than 45% (taking inflation) just to make zero profit. so it's not what we think it is.
That’s a typical GEN Z couple right there
😂
Live modest and invest in equity and let it compound. This is the best mantra today.
2 Lakhs on Schooling + Extra curricular for a 5 year old 🤯
😂
Kyon hila dala na
In rich class fees is 5 lacs to 10 lacs per annum
Been following this channel for quite some time now, and I must say, content is really good. Also, the presentation, especially Video Editing has drastically improved. Team has gotten bigger and better I believe. More power to you!
This is condition of all techies in Bengaluru. I was one of them. I suggest to sell both flats, pay off car loan and get out of debt first. Live in rented house. Save. Invest in PPF, VPF and NPS. Put as much money as you can. With cash, build rental property by buying land. Be out of debt and live stress free.
Worst advice ever
@@BenipaulSingh May I know why do you think it’s worst advice?
My son just started a job with 57K Euro year package. I asked him to watch your all videos 🙂. Made a agreement to buy equity for 25% of his salary.
Great couple. Simple souls.
GOD Bless them always.
💯
Very practical videos with real people and examples bro, helps with very good perspectives!
1.7L for a nursery kid. Wtf is happening in Bangalore. It's really gonna become so difficult to stay with your family in Bangalore.
😂
Well there are schools which charges upto 6L 😅
It’s always good to have a financial plan. I work with a licensed planner and fixed-income strategist in LA. The fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income
I did not buy house for rental income. I bought only one house for self stay and remaining savings I keep investing in mutual fund and equity, my annual return from investment is 15 lakh dividend income and out of that I use 5 lakh for home expenses and remaining 10 lakh i investment back in mutual funds. If I had invested in real estate i would have been begeer by paying EMI TO BANKS
If I were them, I'd sell the 1bhk house happily and prepay some amount for 3bhk house and invest rest.
Better to sell everything in Bangalore and move to hometown. With 40 lakh income in a small town with already existing home, you are a king
If i was in their i would live in 1bhk and would rent out 3bhk without interior.
@@rahulsethi_couldn't agree more 😊
@@GuruTatvaConsultation-ib6fb1bhk with mom and daughter. That would be tough
People surprised with the couple's kid fees is astonishing. I guess most of them are not parents and have no clue of what are the ongoing fees of a fairly good school. This might be just another DPS or NPS in Bengaluru which is no way a very expensive school. The expensive ones are in the range of 4-8 lakhs per annum. Also, except the endowment plan, I don't think they have made poor financial decisions. They are doing good. All the best wishes to them.
Fair
Only sane comment in the comment section. People are calling him foolish, financially illiterate and what not. But they are doing fairly well. In few years their loan will close with some assets which they can either sell or rent. And, people are so blinded by social media influencers and MF marketing that they consider a person without stock market exposure as a terrible person. Real estate was a very good investment, and it is still a very good investment if you have capital and understand the risks.
@@AbhinavSharma-hm6xk Real estate is good investment if it is free land in a prime or developing area. Buying concrete boxes which is a new age fad due to sudden hikes in rentals will take you no where in long term esp in cities like Bangalore which is a service economy with abundant space for new real estate construction projects. Only profitable entities in real estate are the builders who have multi fold profit margins, Real estate brokers with zero stake or investment, corrupt government officials who take bribes for each and every transaction and offcourse the Government making money in taxes, stamp duty and registration fees. Most of these apartments don't even have proper sources of drinking water connection or transport connectivity.
Anshuman bhai, you are great. The way you calmly talk to everyone and suggest what they should do is really amazing. Keep it up!
7.5% fixed is huge, almost 13-14% variable...banks gives at 8.85-9% reducing rate
You are confusing between flat and fixed
Thank you so much guys for sharing your expenses and earnings. Really helpful insight. Kudos to the couple and our host Anshuman!
Something fishy, their expenses are too much but their Lifestyle not matching with this.
Are you from Bangalore?
no@@AbhinavSharma-hm6xk
They have inherited wealth
Hello Anshuman.. very insightful and informative video. Very True, though going debt free is a difficult task in today's scenario, but thinking and having a mindset like that itself is great. Nothing is impossible...
They were prepared for some Endowment plan for 15 yrs with 4500/- EMI, and you suggested about RDs, I suggest they can also look into PPF with 7.10% interest. Just a suggestion my friend with all due respect. Thank you !!👍
They have young girl. SSY (sukanya samriddhi yojana) will give better return (8%).
15 months HDFC /ICICI FD also give 7.1% interest so why to lock fund in PPF for 15 years
@@JJ-ev5mptax free interest in ppf
One thing I want to say these couple below the age of 30 have achieve many things in their life.
🙏🏻🙏🏻
I felt the same.
Young couple with a fabulous financial future ahead.
The video is perfect example of how you fall into modern slavery trap by taking unnecessary loans and spend rest of your lives worried about it and closing it.
29 ki age me kid. Nice. Acha ladka acha kamaata tha mil Gaya. Hum dhundh rahe 4 saal se
Actually I felt these guys are doing great with two houses 1.6 lacs out of 2.5 lac is ok only . Because they are young too, as u said term insurance is definitely required.
Otherwise in 5 years they will be in the wealthy bracket with hiked salary and loans closed.
😊😊
Exactly
Such a humble couple but they really need to be careful with their finances. With no emergency fund and so much loan and being in IT, 1 layoffs can shatter their life. Better to sell that 1 bhk and use that money to clear some loan.
@anshumanfinance congratulations bhai on hitting the 2.5 lakh milestone...happy to see deserving people grow. Next stop 5lakh....kuch special toh banta hai sirji ??
giveaway kar denge 500k mein if we get 500 likes on this reply
@@anshumanfinanceapka laptop giveaway kr dena mujhe pls 😅
Daaru chalega
@anshumanfinance please bring those people who earns 3-5 lpa.. that the salary for average indian and starting salary of many ypung peple
30k for 1 bhk. Damn that is good investment right...
Husband and Wives should distribute the expenses in the ratio of their after tax income.
There are no shoulds. Depends on dynamics of every couple
They might be doing it already.
Afterall how much salary u can expect with 8 years exp in infosys that too in testing.
@@anujbajpai3159 lol more than her husband. 8 years of experience can get you atleast 30LPA easily 😂
@@arpit.sharmaAppreciate your thought! 👍
@@anujbajpai3159 doesn't know her salary if she doesn't want to reveal it. 40Lakh is the combined income in which the wife pays 24K and the husband pays 140K per month.
0:00: 💰 Shivani and Ashish have a total compensation of 40 lakh gross and no savings or loose funds.
2:56: 💰 The couple bought a 3BHK flat for Rs. 1.3 Crores after selling their two 1BHK flats and taking a joint loan of 75 lakhs.
6:07: 💰 The speaker discusses their experience of getting a car loan and the expenses of having a child.
9:26: 💰 It is important to keep home loan expenses below 30-35% of salary and have a term life insurance.
12:27: 💰 The speaker advises against being too aggressive with loans and suggests keeping income free instead.
16:06: 💰 Invest in mutual funds for long-term expenses and create an emergency fund.
19:27: 💰 The couple discusses their financial plans and preferences, including investing in NPS and considering equity for long-term growth.
Recap by Tammy AI
Never have more than one home loan. It's the biggest drain for a salaried family. Gone r those days when real estate would return extraordinary returns. Kam Samaan, Safar Asaan.
The problem comes to buying houses. you pay 6% in interest for a capital appreciation of almost the same number. your return on investment will be zero.. Also when it comes to mutual fund. learn about the stock market, portfolio before investing.. else just buy gold and keep it.. you are atleast protected against inflation..
I would suggest them to watch financial videos daily for 1 hours for 1 week and then take 1 week leave and think about all the expanses and saving and note it down. They will learn a lot of things in coming 1 week and then there life will change in next 10 years.
Thanks for your suggestion😊
Beautiful family. Need to take care of proper financial situations...
Wealth is built in both bull or bear market and also wealth transfers from the impatient to the patient. One of the best ways to succeed in crypto is by trading your assets with a good strategy...
Wow thank you for your kind heart, I really find it difficult to trade myself am looking forward to find an Exprt to help me out when I ran into you
imagine investing in Btcoin earlier.... You could have been a multi millionaire precently
@anshuman, please do not use wrong thumbnails; their flats are their investments. So do not say they don't have investment.
Please add ENGLISH subtitles for Non Hindi speakers
Very humble, honest and naive couple.
And Bro purchased Iphone 14 pro max,That too might be with EMI😅
Ha ha 😂
Gotta keep up with the Sharmas
Gand phatai toh phatai per nawabi na ghatai
Nice video, eye opening for many, keep making such video.
I feel Both buying multiple properties and wanting to develop property in native or the shop just for sake of showing it off and property is seen by people while a huge MF or stock portfolio is not seen physically by people or appreciate, they do not even have term plan or emergency fund or mutual fund that is inline with their physical property
😂
AFTER 10 YEARS BY THE TIME LOAN IS PAID, PROERTY VALUE WILL BE HALF, because more aparents will come, old aparent value goes down
❤ the respectable couple..
She has asked quite decent questions. A little management and they will be un great position
Hey Anshuman,
Since they have a daughter, please suggest that they consider opening a Sukanya Samriddhi account for her. This account is designed to cover education and marriage expenses for their daughter's future.
How come they are telling all these very comfortably in front of camera 😢😮
These couple is perfect example for today's capitalist.. every financial institution would be happy to have such customers..
Dhanya ho angrez.. abhi bhi slavery continue karane ke liye..
40 lakhs and need financial plannin here I'm unemployed with family of kid n wife n mother struggle hard to survive but no loans .... ur episode should be on me not them
Do Fill the Google Form which must be there in the description of this video, from there Anshuman's team should get in touch with you.
How to tell this video is made to sell insurance and sponsored by mutual fund company
1) guy has home loan but no term insurance. When you take loan ,bank will make it mandatory to have term loan to cover in case
2) no running cost of vehicle was added to the discussion
3) if couple can buy 2 house before 29 and have 5 year old kid then I am pretty sure they are smart enough to do all investment planning
4) guy has capacity to buy 2 house but still bought car on loan
How come banks gave him loans which is equivalent to almost 60-70 % of their combined total income. Agree income is more but that doesn't mean procedures are overlooked.
Thats why he took it from HDFC; private banks tends to overlook things as compared to nationalised banks
Banks look at FOIR. That is fixed obligation component for sustainability in life. So it depends on bank to bank,generally it is around 60-80% of the gross income of an individual.
Don't want to point out but I am seeing many cases people working from home have zero interest in working, taking new tasks, deliverables. I will not be surprised if the lady who is test lead working from home from last 3 years would be able to continue for long if not upskilled in due time.
infosis mai job karne wali ladkiyo ko bhi itne high salary wale ladkay mil rahe hai .. waah ... 🤣🤣🤣🤣😅😅😅😅 gajab kissmat hai ...
Guys I want to tell everyone that I am invested for over 12 years and have a portfolio of more than 8 digits have done studies on mutual funds.
Please buy index funds for small, mid , large and in flexi cap. I can bet no one can ever beat index funds in any category.
still she want/purchased iPhone 14max pro😂
Woman😂😂😂
15000 kamane wale le rhey. Woh toh fir b sahi hai
Thank you Anshuman! This was very helpful.
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
. I do see it that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
I will advise you to seek the help of a professional because it’s really hard to create a strong professional portfolio. This will help you to achieve your goals and long term financial objectives
That's true,. Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on TH-cam.
Many won't accept this truth but allow them, they'll understand when they become bankrupt as a result of unavoidable losses trading from mere TH-cam videos.
Living with fear really stops us from taking risks,definitely if you don’t go all out you’ll never get out of any financial situation.