Checkout snowball vs avalanche loan repayment excel sheet, here: bit.ly/42UqirK Get my new book ‘GET EPIC SHIT DONE’ here: ankurwarikoo.com/getepicshitdone Order my first book ‘Do Epic Shit’: ankurwarikoo.com/doepicshit Subscribe to my all-new Shorts channel, warikoo Shorts, and learn personal finance and career tips in less than 60 seconds! t.co/pMdPNe4Quf ------------------------------------------------------------------------------------------------------------------------------ My Money Apps Zerodha (for investing in Indian stocks): bit.ly/3iYKROh INDMoney (for US Stock investing): bit.ly/37M1rik (use my code AWG to get free google stock) Smallcase All Weather Investing: bit.ly/3u0is0I Smallcase Capitalmind Momentum: bit.ly/3j0oBnn Smallcase Weekend Investing: bit.ly/3KEYCxW WazirX (for Crypto): bit.ly/3O4KC2F Wint (for corporate bonds): bit.ly/3sbUI8c Get insurance advice from Ditto: bit.ly/3xFh7OU 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 Useful links: 20 books for your 20s: bit.ly/WarikooBooks 20 online courses for your 20s: bit.ly/WarikooOnlineCourses Gadgets that I use: bit.ly/WarikooGadgets
can we not divide the extra amount and concentrate on paying in half amount equally in both the loans? will it give us any benefit and have any monetary impact? awaiting for your response.
@ankurwarikoo I recently began investing in smallcase after watching your video where you said that smallcase take only one time charges of 118 rupees. However, I accidentally discovered that smallcase charges an additional fee of 100 rupees plus GST EACH TIME I make a lump sum investment. In your video, you mentioned that smallcase only imposes a one-time fee of 118 rupees. As a responsible content creator, I trusted your advice and started investing around 10-15k every 3-4 days. I kindly request you to create videos with more responsibility, considering the significant impact they have on investors.
Instead of doing all this calculation the best way is to pay loans with the higher interest rate first, and then moving on to next loan. In this video snowball method gives more savings because interest on small loan was higher.
Pls be practical with the Emi options you give as an example. Secondly no bank allows you to pay extra every month. There is part payment which you can do or foreclose if you have the entire amount
Guys agr loan chukane ki hasiyat jyada hai to emi jyada ki krwalo nah , like 3000 chukane ki hasiyat hai to 2000 ki emi kyu bnvana ? Guys agr glt hu to smjhao kese ye method shi hai ???
This video will surely give a big sigh of relief for those entangled in loan trap! You have definitely given a direction & hope to those who have already lost in the angst of debt. Thanks a lot!
But while paying extra money bank takes interest amount while prepaying the loan!!! You excel sheet does not cover it can you please explain how to tackle that?
Sir bhut se banks or financial companies asi hoti h jo khti h ki you can not do a part payment or you can not foreclose the loan before 50% of total emis are paid....wo hmse ase forcefully interest nikalte rhte h hme fsa k
In my opinion, high interest loans & outstanding (ex. credit card, personal loan) should be prioritised for early repayment. Going by EMI value makes little sense.
Sir ji multiple loans me saare home loan toh honge nai jisme for-closure charge na lage . Personal loan me charge lagta hai Vehicle loan me bhi Toh me toh attack bade loan i.e home loan ko hi karta I would request for-closure charges bhi calculator me add kardo
Loan apps ke chakkar m fas gya hu sir... Student hu 2 lakh ka loan chadd gya bas ghumate ghumate yaha se paisa waha dala waha se yaha ...orr income 0 h... Bdi glti hogyi ab daily pareshaan rhta hu ... Koi tareeka hai isse nikalne ka?
Awesome Video Man!! Simply loved your explanation which makes lot of sense. You´re previous struggle and abhika effort to help people - "Dikhtahai Bhai" - Super - impressed. Keep up this good job!!!!!
Kindly help us,we are paying home loan within the date with out fail,after repco increase, rate of interest is increased around 5.5% extra. 3.5% for repco changes and 2% for bank internally extra is like liquidity and some other it's impact for my loan tenure extra,if it's convert for EMI it's getting high for repay,what you can suggest for this type problem. After repco changes NHF and some other bankers miss using the RBI guideline,we are not able to do any thing. this not only my problem after the bank visit I saw many people like this. We all are expecting best form you, We hope you can solve easily..kindly suggest the best way...
hello sir, I am watching your videos for a very long time. now I need ur help I turn 21 this year and I am facing gender discrimination in my surrounding. every household work is excepted from me to do....hanging out with boys is no more allowed.....times and restrictions are set up on going outside ....but no restriction on my elder brother, no one asks him where he is going with whom why they ask to me this thing......what should I do .....this irritates me to now
Behen aap yha comment krke, ye kyo expect kr rhe ho ki ye aapki help Krega. Maana ki naahi main aapko jaanta hu naahi aapke issues ko, but believe me. Shayad aapne iska so called *150 book giveaway* ke baare mein suna hoga. Behen kasam se bta rha hu ki main literally 106th position pr tha out of 150, aur isne kha tha ki top *150* people who will make most signups to my newsletter, will win the giveaway. Literally main shock hu ki aise kaise koi mukar gya, Mail aayi mere paas inki Jismein ye keh rhe hai ki fake signups ko discard kr diya gya hai, lekin kasam se ek bhi sign up fake nhi tha. Baat ek free book ki nhi Baat TRUST ki hai. So, behen aap bhi plz ispe trust mt hee kro, saying from experience
Mr Warikoo - Most of these suggestions and options to clear debt become invalid because most of the banks allow 1 time part payment only in 1 year.. so paying anything extra monthly is practically not feasible..
Sir....m apko unsubscribe kar raha hu muje laga aap both hoge..but apne trust tor diya mera.....aur etni vedio enti jaldi ku le kr atte ho paka diya apne muje...piche vedio ketni achi lgti thi apki..but ab aap mere trust PR khade nhi utre apne bola thaa aap teacher ho but nhi aap bhi sb ki trha hi ho jo bs pasie ke liye sb krte h sorry for that
Big Fan.!! Everyone has video of Rent vs Buying Real-estate.. Can we also have a video on Under-construction/Subvention/CLIP vs Ready to Move properties with your famous EXCEL sheet.
Very informative sir, as usual...... In current scenario many people in different states are securing their very first job in 30s..... Can you please suggest some good financial planning for them?
@ankur one more thing I wanna ask.. log bolte h extra payment ki jgh Utne ka sip kra do.. kya better h .. Mera loan 5 -6 year me khatm ho jaega 20 sal ki jgh.. sip wala calculations is better or extra repayment @ankur
Checkout snowball vs avalanche loan repayment excel sheet, here: bit.ly/42UqirK
Get my new book ‘GET EPIC SHIT DONE’ here: ankurwarikoo.com/getepicshitdone
Order my first book ‘Do Epic Shit’: ankurwarikoo.com/doepicshit
Subscribe to my all-new Shorts channel, warikoo Shorts, and learn personal finance and career tips in less than 60 seconds! t.co/pMdPNe4Quf
------------------------------------------------------------------------------------------------------------------------------
My Money Apps
Zerodha (for investing in Indian stocks): bit.ly/3iYKROh
INDMoney (for US Stock investing): bit.ly/37M1rik (use my code AWG to get free google stock)
Smallcase All Weather Investing: bit.ly/3u0is0I
Smallcase Capitalmind Momentum: bit.ly/3j0oBnn
Smallcase Weekend Investing: bit.ly/3KEYCxW
WazirX (for Crypto): bit.ly/3O4KC2F
Wint (for corporate bonds): bit.ly/3sbUI8c
Get insurance advice from Ditto: bit.ly/3xFh7OU
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
Useful links:
20 books for your 20s: bit.ly/WarikooBooks
20 online courses for your 20s: bit.ly/WarikooOnlineCourses
Gadgets that I use: bit.ly/WarikooGadgets
Sir loan abhi liya hi nahi 😅
Do Epic Shit Book giveaway please needs you....
can we not divide the extra amount and concentrate on paying in half amount equally in both the loans? will it give us any benefit and have any monetary impact? awaiting for your response.
Sir how we do gold loan repay fast
unable to edit, please provide access or eles can you please share the formula version of the sheet
The main point is that most bank don't allow part payment 😅
Correct ye kaisa handel karee ankur ji?
@ankurwarikoo I recently began investing in smallcase after watching your video where you said that smallcase take only one time charges of 118 rupees. However, I accidentally discovered that smallcase charges an additional fee of 100 rupees plus GST EACH TIME I make a lump sum investment. In your video, you mentioned that smallcase only imposes a one-time fee of 118 rupees. As a responsible content creator, I trusted your advice and started investing around 10-15k every 3-4 days. I kindly request you to create videos with more responsibility, considering the significant impact they have on investors.
Ha bhai
I also do smallcase investing and i didn't incur charges apart from one time charges of Rs 118.
I also thought the same previously lol
Before investing research on your own. And read terms and conditions very carefully.
He is the promoter of small case by Zerodha. Indirect promotion
Thank you so much , thanks a ton for sharing an excel too
Thankyou sir for amazing video
Wonderfully summarised. You are awesome Warikoo 👌👌😊
Warikoo sir explained very well each and everything
Much needed video i have debts and am unable to manage
Thank you so much sir, your explanation is just Brilliant! !!
I'm watching this video from Pakistan you are great sir ❤❤
Waha pe net ke konsa plan le rakhe ho or ab Grocery sasta hua ya nhi
Welcome bro in India keep learning
Yes he is fantastic, indeed
@@emastery3.0k thnk
@@jeetak6853 tujhe kya karna hai, jana hai kya rehne waha pe?
I used the snowball method. Cleared all my debts except HL within a year. Will finish the rest by end of this fiscal. Thanks @warikoo for guiding
Nicely explained.😊😊😊
Very nice 👍🏼
Great information
Instead of doing all this calculation the best way is to pay loans with the higher interest rate first, and then moving on to next loan. In this video snowball method gives more savings because interest on small loan was higher.
In fact, that is the real meaning of Avalanche method
Really Helpful video Warikoo
Thank you sir every video of yours is quite practical and relevant
Very interesting and effective video thanks sir
Part Payment toh allow hi nhi kartey bank waley...
They only allow you to close early with one time payment.
Snowball effect 😂 cracked me up Ankur Sir you are so relatable
Thank you for making this video...🍀🍀🍀🍀🍫🍫🍫🍫
Thank you for this video
First information is wrong. You can do part payment once in year for personal loan in India.
A better way to explain: With the Avalanche method, you pay off the high-interest debt first, not the bigger loan.
Can't download the Excel sheet
What about the pre payment charges and tax on the additional pre payment made?
Thanks sir
Sir, aise hi excel per share market ke baare me videos banao sir,
Pls be practical with the Emi options you give as an example. Secondly no bank allows you to pay extra every month. There is part payment which you can do or foreclose if you have the entire amount
Indian bank has options for part payments
Many banks having provision of part payment as per our convenience.
Sir i am regular follower of you. I need your help. I filled up money matters form.
snowball effect... sorry snowball payment se mene chota loan khatam kar diya aur ab home loan 6 saal ka bacha hai
Khudana khasta bade amount ka example dijiye please😅
Thank You Sir 😊
Agar fix amount deduction hota h to pre payment ka option hi nai hain usme
Banks not allowing to pay extra amount for loan
all banks allow that
What if those loans are personal loans and you don't have flexibility over emis ??
Sir at starting interest is recovered more and principal is less but you are showing more principal and less interest why?
Would I have to contact the bank for our desired EMI amount, can bank refuse the increased EMI ? What is the process?
Ankur sir ager loan pay Kar diya he fir bhi cibil score per effect kar reha he to kaise problem ka solution kare please 🙏
sir, can you please share us the edit access ?
Please give me full review in H2 multicap strategy smallcase
Please make video on gareented plan for future
Guys agr loan chukane ki hasiyat jyada hai to emi jyada ki krwalo nah , like 3000 chukane ki hasiyat hai to 2000 ki emi kyu bnvana ?
Guys agr glt hu to smjhao kese ye method shi hai ???
unable to edit, please provide access or eles can you please share the formula version of the sheet
Ye apke videos maine pehle kyu nahi dekhe 😢😢😢😢
This video will surely give a big sigh of relief for those entangled in loan trap! You have definitely given a direction & hope to those who have already lost in the angst of debt. Thanks a lot!
But while paying extra money bank takes interest amount while prepaying the loan!!! You excel sheet does not cover it can you please explain how to tackle that?
Thank you sir
Sir bhut se banks or financial companies asi hoti h jo khti h ki you can not do a part payment or you can not foreclose the loan before 50% of total emis are paid....wo hmse ase forcefully interest nikalte rhte h hme fsa k
I will buy you book sure
This is one of the best method for loan repayment complete as soon as..
Thk u Sir, I am following u r word..
Ek hi loan hai
Repo rate + 3.5% par 🙈
In my opinion, high interest loans & outstanding (ex. credit card, personal loan) should be prioritised for early repayment. Going by EMI value makes little sense.
Exactly
Agreed 💯
Sir ji multiple loans me saare home loan toh honge nai jisme for-closure charge na lage . Personal loan me charge lagta hai
Vehicle loan me bhi
Toh me toh attack bade loan i.e home loan ko hi karta
I would request for-closure charges bhi calculator me add kardo
What to do when some loans prepayment option is once a financial year ?
Loan apps ke chakkar m fas gya hu sir... Student hu 2 lakh ka loan chadd gya bas ghumate ghumate yaha se paisa waha dala waha se yaha ...orr income 0 h... Bdi glti hogyi ab daily pareshaan rhta hu ... Koi tareeka hai isse nikalne ka?
Hello warigoo sir.
Sir please guide loan settlement is good option or not pls guide. So shall I go for loan statement agency ?
EMI of largest should be paid first
Pls make next video on , how to pay loans when you lose your job
Chori karke
@@TanishqMishra_IIT-R 🤣🤣🤣🤣😂
Sir please can you make a video on various gold loans...🙏🙏🙏
Sir loan ko kuch mahine chalane ke baad 3% interest dekar chukane pe fayeda hai
sir i cant access your excel file
Unable to edit the excel
Someone can tell this person his how to TH-cam ads are fake on Instagram and youtube .
You are also not taking into account capital payments
Hi Ankur Do i have to payoff personal loan which is @11% or save for emergency fund ?
Extra paise nahi bhar sake pre emi nahi lete to kya kare
Awesome Video Man!! Simply loved your explanation which makes lot of sense. You´re previous struggle and abhika effort to help people - "Dikhtahai Bhai" - Super - impressed. Keep up this good job!!!!!
@All my suggestion you is first clear High intrest ka emi/loan.
How to edit this sheet if i am having 6 loans
3:19 Payment hai bhai Effect nahi😂😂
sir meri monthly worth hai 25k and my emi is 120000 now what can i do?
Kindly help us,we are paying home loan within the date with out fail,after repco increase, rate of interest is increased around 5.5% extra.
3.5% for repco changes and 2% for bank internally extra is like liquidity and some other it's impact for my loan tenure extra,if it's convert for EMI it's getting high for repay,what you can suggest for this type problem.
After repco changes NHF and some other bankers miss using the RBI guideline,we are not able to do any thing. this not only my problem after the bank visit I saw many people like this.
We all are expecting best form you,
We hope you can solve easily..kindly suggest the best way...
be practical logo k pass emi k bhi pese nahi h how they will pay extra ?
hello sir, I
am watching your videos for a very long time. now I need ur help I turn 21 this year and I am facing gender discrimination in my surrounding. every household work is excepted from me to do....hanging out with boys is no more allowed.....times and restrictions are set up on going outside ....but no restriction on my elder brother, no one asks him where he is going with whom why they ask to me this thing......what should I do .....this irritates me to now
Behen aap yha comment krke, ye kyo expect kr rhe ho ki ye aapki help Krega. Maana ki naahi main aapko jaanta hu naahi aapke issues ko, but believe me. Shayad aapne iska so called *150 book giveaway* ke baare mein suna hoga. Behen kasam se bta rha hu ki main literally 106th position pr tha out of 150, aur isne kha tha ki top *150* people who will make most signups to my newsletter, will win the giveaway. Literally main shock hu ki aise kaise koi mukar gya, Mail aayi mere paas inki Jismein ye keh rhe hai ki fake signups ko discard kr diya gya hai, lekin kasam se ek bhi sign up fake nhi tha. Baat ek free book ki nhi Baat TRUST ki hai. So, behen aap bhi plz ispe trust mt hee kro, saying from experience
Pray for my mom we are stucked
It's funny how you keep saying Snowball Effect, and quite literally, it has a snowball effect on the LOAN :)
sir without lone kisa buisiness kara
I Feel like कहना क्या चाहते हो भई😅
Mr Warikoo - Most of these suggestions and options to clear debt become invalid because most of the banks allow 1 time part payment only in 1 year.. so paying anything extra monthly is practically not feasible..
Yes there is available
@@gabru-garbage887i checked with my banks, no monthly option available
Sir I am having a loan of near about 4lakhs how to come out of it
Personal loans do not allow monthly prepayment.
Correct. I dont knwo how Ankur forgot it
578+347=925 not 924
एक एक से फरक पड़ता हैं।.😊
Sir....m apko unsubscribe kar raha hu muje laga aap both hoge..but apne trust tor diya mera.....aur etni vedio enti jaldi ku le kr atte ho paka diya apne muje...piche vedio ketni achi lgti thi apki..but ab aap mere trust PR khade nhi utre apne bola thaa aap teacher ho but nhi aap bhi sb ki trha hi ho jo bs pasie ke liye sb krte h sorry for that
late samzhe. but good.
Itna sahi nahi bolna thal😅
Mobile se earning kese kare as students
everyone does not allow us to make pre payment every month.
3rd times v apne snowball effect bol diya
Please start one on one financial advice... For example helping people change money habits and get rid of loans and all.
All calculation is useless coz hardly any Bank allow us to follow such thing
Hii! Amazing video. Can you also make a video on how to clear educational loans in an effective or quick way.
Banks don't allow that in personal loans... It used to be fixed.
Bhaiya i am lost i need ur help please
In avalanche method don't you pay according to the highest interest rate rather than an absolute greater amount...🤔
dakh lo pahly pher comment kro ga bhai 😅
100th like on your video is mine....😂
It was quite relaxing Changing 99 to 100😂🙏
This video will get least views as a lot teenagers watch your videos and probably they don't have loans......
That reaction when you said "Snowball effect" at 6.21 was amazing 😂🤣🤣🤣
Big Fan.!!
Everyone has video of Rent vs Buying Real-estate..
Can we also have a video on Under-construction/Subvention/CLIP vs Ready to Move properties with your famous EXCEL sheet.
Very informative sir, as usual...... In current scenario many people in different states are securing their very first job in 30s..... Can you please suggest some good financial planning for them?
@ankur one more thing I wanna ask.. log bolte h extra payment ki jgh Utne ka sip kra do.. kya better h .. Mera loan 5 -6 year me khatm ho jaega 20 sal ki jgh.. sip wala calculations is better or extra repayment @ankur