Finally someone in India is talking about financial planning rather than the investment. It is a major factor why I still see content from other creator in USA as they talk about the planning, emergency fund, health insurance, term insurance etc. "Investing is simple but not easy"
@@sagarjain1339 2 TH-camrs that I follow heavily 1. Money guy show - CPA by profession, their content is worth it but sometimes you have to match their govt. schemes to your Indian schemes. 2. Dave Ramsey - Heavy proponent of no credit card / debt free. Give advice on people on how to get out of debt. Even though these 2 are the most accurate advice giver out of the bunch. I agree to some of the things and disagree others. That is why it's called personal finance. Even both of these channel says the same thing. But they give genuine advice (No get rich quick scheme) & they have the experience of time.
@@AkshayS2909 bro which is the right time to invest, share market, trading etc? Is commerce (mathematical ) background required for it? Because I don't think share market is get rich quick scheme. It's hard and you need to be smart to invest. So which is best?
Well, I am 27 and investing in the stock market and mutual funds from the last 4 years, though irregularly. But I never thought of investing in sovereign gold bonds and NPS. Other than that, I never felt that Life insurance and Health insurance could be so important. Thank you so much for enlightening me. ❤
Sir agr aap exercise fitness related content banate ho? Agr ha toh reels zyada banaye aur useful short tips jinhe aap khud se ya kahi aur se bhi copy kr sakte ho jise chennel ki reach badhne me help hogi.
When you actually start to understand how the life really works... The creators like Pranjal Kamra are the mentors we need to sustain at-least a happy, healthy and wealthy life. Thanks a lot Pranjal
The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.
Felt like a big brother who genuinely cares about you has sat in front of you and is teaching everything he can to make you successful and rich. Thanks a lot, sir ❤
Started at 29 years old and already achieved most of my goals at 36 years old! Rating - 10 out of 10 ! Greetings from Tokyo Japan! This process is applicable for each individual! Any one can do it ! Pro Tip- start side hustle guys and don’t depend on one income source! ❤
My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.
As a beginner, educate yourself, Learn the basics of investing and the stock market. There are many resources available online, including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research.
Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k
@@SethDonald-mf4vm 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.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
Some points that weren't considered in this video: 1. Wants will also increase with increase in salary. Everyone wants to improve the standard of their living with time. You can't expect people to live at the same standard for 20 years. 2. There will be some inevitable expenses that you will have in 20 years for which you may have to break your investments. These can include house renovation, marriage, child education, foreign trip etc. Thus 15-20 percent step up investment is very very difficult especially when your salary is high. Focus on increasing your salary. You can get 100% increment by learning the right skills and switching at right times in right companies.
1. "wants will increase" that totally depends upon you, surely needs will increase though. That leads you to the point that what ARE your needs and what WILL be your need in the near future or so. Going out for dinner sometimes can be counted as a need. As you mentioned courses for skilling up shall also be counted as a need. That's why we spent more on needs. Needs do change as you age, some are dropped off some are added on. I want to express that understanding the needs as a variable of time will benefit me greatly in life. 2. That's why we keep our portfolio diverse and keep on adding from time to time, it can happen that you might need to break those investments may be all at once, but thats life! Start again! Starting again puts you as a differentiator. 100 % to your third point.
For child education you can opt for SSY. Foreign trips Kaun roj roj jata hai saal do saal main ek baar jate hai saal bhar main itna toh collect ho hi jayega ki choti foreign trip ho jaaye. Aur agar nahin bhi hoti tabhi bhi badi baat nahin hain
Sir , I would give you 10/10 for this purely rich content. You have decoded most complex of a person's life problems in this extremely simplified manner. I'm grateful for all of your efforts towards making these videos.
I'm 31 now. Started my investment journey in 2021. Was able to save more than 20%, luckily. Now I have a portfolio of 25L. In this profit alone is 7.8L. I invested in direct stocks, SGB, MFs, and NPS.
@Venu-oq7dp nice that you reached out bro. Respect! Follow 20- 30 -50 rule. Transfer the money and start saving as soon as you receive the salary. Trust equity. Think many times before you make a purchase.
I don't have the audacity to give you a rating. Still if I were that much worthy, I would have given you 100 on 10. Hats off to you, your integrity and your simplicity 🙏🙏
though I am 24 and not earning right now but your concepts and the power of explaining shows me so much to manage my future money. I am feeling very lucky that I born in this era of free education and knowledge. The content is 10 on 10
Investing in various sources of income that are independent of the government should be the most essential thing on everyone's mind right now. especially in light of the global economic crisis at the moment. I have $560,000 sitting in savings searching for the best method to enter these markets. This is still an excellent moment to invest in equities, gold, silver, and digital currencies.
Something I’ve learned from my first bear market: You don’t have to outperform, just survive. If you can survive and let your competitors blow up you’ll be the only one left and in a better position than before.
@@geraldantonio3160 Building a good financial-portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.
@@marcorocci-ct7kw Working with a professional to develop a well-structured investing portfolio is a wonderful approach to get started. That's why I've been working on my dealings with “STACIE KRISTAL WEBER”. Because most traders enter the market with the intention of making a quick 10% to 20% profit, I've learnt to remain patient with the market. They miss out on the massive gains since it trades at a P/E ratio of 40-50.
Beautifully explained .there was no you tube or financial influencer when I started my first job but I saved from 1 st salary.Every salaried person today should save from day one as this can be a planned strategy from job layoff as this is on the rise since Covid .Happy Investing and you can become rich easily only if you plan and are disciplined.
Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject ..... Thanks to Georgina Lucas the lady you recommended.....
No doubt!! I never knew Georgina Lucas had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.
Sir in a city like hyderabad with 20000 salary, 50% towards needs that is 10000 is not practical But still i have learnt a lot of financial things from pranjal sir thank you
You can earn more than 20000 in small cities and your expenses will also decrease. Plus, you can live your life in less crowd. Moveout from Bangalore now.
@@A-Random-Person-Alive i respect that but as a software engineer i cant do a job where ever i want right, because we cant find offices in small cities
NOT A SALARIED MAN JUST A BOY WHO TURNED 18. BUT YES FOR OBVIOUS REASONS THIS VIDEO HELPED TO TO SOMEWHERE ANALYSE HOW MY PARENTS ARE NOT DEALING WITH THIER FINANCES IN A CORRECT WAY. FOR SURE WILL IMPLEMENT THIS IN MY LIFE AND TRY TO ASK MY PARENTS TO DO SO TOO. THANK YOU Mr.PRANJAL .
For college students/ young people, (assuming, you are living at your parents house and they take care of your needs) you can reverse it. 50/30/20 50% = Savings, 30% = Needs, 20% = Wants
Absolute 10/10.. There are so many so called finance influencers out there, but never have I ever saw a person with so humbleness and down to earth thinking. No si-fi numbers or gyaan. Absolute to the point reality. I feel guilty of not knowing Pranjal Kamra before and stuck with hi-fi showoff influencers. From now on Pranjal sir, is the go to guy!!
I would rate this video 6.5/10 because you are missing the amount needed for the big event like marriage, children education which required a lot of money and it was taken from our savings and it reduced our portfolio value also. But surely this video gives a basic understanding that everyone doesn't need to do business to become rich. Thank you for this video.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
I am from Pakistan. I appreciate the way you have calculated everything. In Pakistan, inflation rate is so high so that few of the points get invalid like value of 1 Crore, Life expectancy, etc
I don't usually comment But, The Topic, The pattern, the clarity, The explanation, The consideration of all factors is unmatchable... Thanks for making such kind of videos for us Making it so simple for us Thanks alot @pranjal kamra❤
1st of all, Thank you Sir! And don't ask about rating, it's a 10 on 10 video.. This is the most easy and effective way to make people understand what they need to do in terms of their financial career. You have almost covered everything in this video.. Thanks for making non biased , purely educational content.
Pranjal sir, first of all many thanks for creating such informational videos for the people. And secondly this is one of the best video every young individual should watch after starting a job. This is the basic guide on how to plan your future being financially secured. I wish someone would have shown me this video earlier in my life. But it's never too late to learn, I'm glad I came across this video and learned some very important things. I mean this is how you teach finance to an individual with simple terms without confusing. Thank you is a very small thing for the good deed you have done for the society by creating this video.
Very well explained as always. However, our expenses do not just increase by 6%, as 6% is the inflation based on the basket Govt. has chosen to track it. Actual inflation for most us are 10-15%.
@@rpradhan500 Very much possible based on what purchases make up your expenses. Also it is genrally very high for people who are taking care of elderly people mainly due to medical costs where the inflation may even cross the 25%.
I m 24 now and I have started earning for my myself through freelancing and this video is truly needed much .... Thanks bhaiya for this 9/10 video ❤️ .... Just if U can explain sovereign gold bonds in your next video it will be helpful for many like us ❤
First of all thanks to you sir. I watched your video in the early morning at the end day of 2023. It gave me boost to plan my 2024 and rest all things. Im really thankful to you for the content you shared. It is 10 out of 10 from my side. From when i started seeing your videos i developed confidence in me. Your doing a great work for society and upliftment of the people. Best wishes for your new content and whatever you suggested, surely im going to implement. Thank you sir Happy New Year 2024
Would rate the video 7/10 as we are missing the amount needed for big life events such as wedding, buying home and car and then childrens which would require alot of m,oney and which would be taken from our savings and hence the principal; reduces...btw this video surely gave some confidence for the salaried person to be in that profession instead of switching to business which might lead to disaster for many....and yes your vidoes are amazing thanks.
Children and non-working husbands or wives are biggest liabilities in this economy. Our parents could afford all of these expenses in their time but in today's date of we want to live comfortably there should be two bread winners in a family instead of 1, only then you can dream of being rich instead of stressing all the time
10 on 10 with ❤️ I have learnt a lot from you and which I like most is your HONESTY. You are different from other financial influencers. Most of them intend to sell their products but you intend to make the people aware of their financial freedom. Love you.
Would rate this 10+ for your explanation and making it easy to understand. Unfortunately these concepts are not taught at a vital time. And not everyone gets the right information online. Will try this out and pay you thr well deserved commission😊
Impressive calculations, sir. I would like to mention an additional point. Considering this scenario, after 20 years, we can expect a return of 1 crore. However, it's important to note that at that time, we will be subject to a 30% tax if we decide to utilize the money. After deducting the taxes on the investment return, we would be left with approximately 80 lakh. In terms of today's value, that 80 lakh would be equivalent to 50 lakh.
Bahut achhe tarike se samjhaya aapne. ek aam aadmi bhi ise aasani se samajh jayega. Aur vaise bhi aam aadmi ko hi aisi knowledge chahiye. baki to sare rich bhi hai or samajhdaar bhi. Thank you for this simple explanation.
Great content! I absolutely loved the way you covered the basics. Just something i would like to point out regarding NPS - so NPS scheme has a really long lock in period and as the name suggests its a pension scheme, which means when we attain the age of 60, we only get 60% in lumpsum and the remaining 40% is given to us as monthly pension over the comin years ( i guess roughly 20+ years) and this monthly pension is taxable too... In my opinion Post Office Monthly Income Scheme is far better than NPS
Hi Pranjal!! Great content!! One Suggestion: When you are explaining such awesome concepts and ideas, please use numbers in the screen to make the point more visual. Keep up the good work
explained in a very simple and easy way, taking the minimum salary as example 👍 it would really help a lot of people who are worried about the future but are well disciplined and ready to take such learning for their betterment 😊
Out of 8/10 Told in very simple language. Information about financial literacy is given. Very important points have been mentioned in terms of financial planning. I liked the information very much and will start financial planning soon. Thank you so much! 🙏❤
I would rate video 10/10 It covered all the bases. Pranjal, How would you teach patience to be invested for 20 to 30 years? It looks easy but still not many could do it.
Excellent video for today's youth who have just started their carrier. Important lesson to be learnt here about saving & investing even though you income may not be much. I'd give a 9/10 for this video. Good job PK.
10/10 Boss, love you as an ideal person for helping and spreading financial awareness, Also thanks a lot for upgrading my relationship with money Loved your video with sandeep Maheshwari as well… Especially the word that to see the market only on weekends…
As a financial planner you should also plan for short term and mid term things such as your own wedding, higher studies, buying necessary things as a home/car/atleast a scooter which nowadays costs above 1Lkh. Just teaching about investment is not enough, you should also break it into more smaller parts
Thank you sir for the amazing video ❤ Just wana add one thing that even if country's inflation increases by 5/6% yearly but the cost of day-to-day needs increses way more then that.
Hi Pranjal, a question on SGB: since its price is governed by the underlying Gold price, wouldn't you have a loss if you buy SGB when the gold price is high, but when the bonds are mature, the gold price is lower, or marginally higher than the purchase price? In that case, you will just make 2.5% interest amount, isn't it? What are your thoughts on this? Gold price doesn't move in straight line, rather in cycles.
This is the first time i am commenting on your video sir, today i really felt that your content is way more better than any one else as of my knowledge 👍😃you explains every little doubt in detail so that at the end of the video we don't have any more doubts left 😂❤ and the motive of your video is definitely fulfilled by giving us your knowledge.😊love your work sir, may you do more work like this and you get healthy and wealthy with it 🎉😇
My dear friend pranjal kamra I am a development officer at lic of India. I love your videos and way of your presentation.. We are thankful to you for guiding youth towards safe investment. Because we all know all the broking firm of India misguide our youth to do only trading and sip.. But the way you talk about compounding and life/health insurance first is show your awareness towards market and future of youth .♥️♥️
Your content is very informative and practical. Also it touches upon the solutions of everyday problems of ours. It is so much relatable. Thank you so much Sir ❤
From last 1.2 year.. my salary was 20k and still i saved around 99k and now i got job with 40k🥰.. Thanks to You, LLA, Ankur Wariko, Honestly by Tanmay... For making me financial good
Nothing much but just two big questions: the increment in the salary is not going to be 10 % always because as you start making decent money, the increment barely remains at 5 %. Secondly, everybody is gonna get married and have kids or have to do their sisters marriage too, aren’t those heavy expenses gonna interrupt our investment? Please reply and thank you Pranjal for giving us valuable knowledge, I have been following you since 2019 and you never disappoint!!
Not everyone gets married and want to have kids or support their sister's marriage unless and until she doesn't earns and have narrow mind to give dowry. So I think he has excluded all of these things, but maybe after some sacrifice you can start implementing these rules in later years
I don't speak Hindi much.. But I understood everything you intended to explain here.. even @x1.25. ❤ Thanks man.. Really helpful 🙏 God bless.. N.B: If hypothetically the allocation is 50/20/30, will the wealth creation process happen approx. 2X faster? 😊 Just curious..
Sir, i am living in pune with Salary of 25k . Your this video will help me lot, for starting my financial planning from today onwards ,Thank you so much Sir again. I will give you 10/10 rating. Sir🙏🏻
I don't agree. You don't have considered the inflation rate for normal person. Here I explain. 1. Milk prize is increased by 15% a year. A normal family consumed minimum 30 liters of milk a month. It will be 2000 Rs. Per month which is 20% of need you have shown in video. 2. Petrol prize is also increased by 15% a year in last 4 year. Middle class person also spend 15% of need amount a year, taking 20,000 salary as example and 50-30-20 rule. 3. Grains, vegetables, fruits, etc prizes are also increasing by 10% a year. Which is also 20% of need I.e. as per your calculation. 4. Gas cylinder, Electricity charges etc also increased by 15% a year. 5. Now consider wants section. Prize increments in cloths, restaurants, etc is much higher than 5% inflation rate. Conclusion - Inflation rate for Middle class person is much higher than 5%. I can definitely say that it is around 12% for Middle class like us. Sorry to say, But whatever you talked are bookish and un-practical. Hope you understood my points.
Keep It Seperate from Emergency Fund Invest 4500 RS in this Way/Month 1)800 RS NPS 2)700 PPF(Instead of 15.Years do it for 20 Years) 3)800 RS SIP 4)700 RS Gold 5)500 Health Insurance 6)500 Monthly Save and 6000 Lumsump Mutual Fund Every year 7)500 Term Insurance
This administration's putting so many families into difficult situations My life has changed through Investment $16,450 profit our lord God have lifted up my Life.!! Analia Harlod is the best
The truth with this recent economy, everyone needs more than their salary to be financially stable. The best thing to do with your money is to Invest it rightly.
Even with the economy recession and downtown, I'm so happy. I've been earning $9,500 return from my investment on short time, trading digital assets with Analia Harlod
Sir i have a question ⁉️ with 20k salary how can we get life insurance for 1Cr. Sum assured. Every life insurance company asks for salary proof. I am 22 and i couldn't find a 1Cr. Life insurance in Rs.500 per month as u said in the video.
Started following this approach at 24. Now achieved a lot in 10 years.
Honest review 10 out of 10.
Need ur help
Dada kon kon mutual fund e invest korcho?
Invest in top 50 companies india@@Ranger2479
Video ko upload hue 1 year hua h 😂😂
Video ko upload hue 1 year hua h 😂😂
I'm 33 and will follow this rule immediately. Very Thanks
Finally someone in India is talking about financial planning rather than the investment. It is a major factor why I still see content from other creator in USA as they talk about the planning, emergency fund, health insurance, term insurance etc.
"Investing is simple but not easy"
Any foreign TH-camr you know?? Any suggestions?
@@sagarjain1339 2 TH-camrs that I follow heavily
1. Money guy show - CPA by profession, their content is worth it but sometimes you have to match their govt. schemes to your Indian schemes.
2. Dave Ramsey - Heavy proponent of no credit card / debt free. Give advice on people on how to get out of debt.
Even though these 2 are the most accurate advice giver out of the bunch. I agree to some of the things and disagree others.
That is why it's called personal finance. Even both of these channel says the same thing. But they give genuine advice (No get rich quick scheme) & they have the experience of time.
@@AkshayS2909 brother please tell me some good Indian finance youtube channels like this one 🙏
@@bb_____bb___bbbb LLA is the best one till Date. Wint wealth, and anshuman series on fix my finances are good.
@@AkshayS2909 bro which is the right time to invest, share market, trading etc? Is commerce (mathematical ) background required for it? Because I don't think share market is get rich quick scheme. It's hard and you need to be smart to invest. So which is best?
Well, I am 27 and investing in the stock market and mutual funds from the last 4 years, though irregularly. But I never thought of investing in sovereign gold bonds and NPS. Other than that, I never felt that Life insurance and Health insurance could be so important. Thank you so much for enlightening me. ❤
Sir agr aap exercise fitness related content banate ho? Agr ha toh reels zyada banaye aur useful short tips jinhe aap khud se ya kahi aur se bhi copy kr sakte ho jise chennel ki reach badhne me help hogi.
Pp 9 oo oo 😊c😊@@Sahil_raja786
10 out of 10.... I am 40 and I wish that there was someone like You in our 20's to tell us this
When you actually start to understand how the life really works...
The creators like Pranjal Kamra are the mentors we need to sustain at-least a happy, healthy and wealthy life.
Thanks a lot Pranjal
wife also
Usko puchho 500 me Kaun de raha hai 1 cr ka term insurance wo bhi 20k salary wale ko .khaali fekneka kaam hai inka
Can you say it in short, _how life works in India_ ?
@@RMIIII😊
@@omeeonly7097 true.
The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.
Felt like a big brother who genuinely cares about you has sat in front of you and is teaching everything he can to make you successful and rich. Thanks a lot, sir ❤
Started at 29 years old and already achieved most of my goals at 36 years old! Rating - 10 out of 10 ! Greetings from Tokyo Japan! This process is applicable for each individual! Any one can do it ! Pro Tip- start side hustle guys and don’t depend on one income source! ❤
Thanks I'm also started right now
@@rashmigpt8361 you can do it! Focus on specific skills and learn it !
@@rashmigpt8361 that’s good! It’s never late!
how can i do that no idea man....?
Thanks sir your tips are very good I'll implement on it
Now I am 29 years old and I started by this month and your information is to genuine thanks alot thanks you so mu
Hi
Ladki dikh gayi bhai ko😂@@satlatagelabeta206
My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.
As a beginner, educate yourself, Learn the basics of investing and the stock market. There are many resources available online, including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research.
Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k
@@SethDonald-mf4vm 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.
credits to *Christine Ann Podgorny* one of the best portfolio managers out there. shes well known, you should look her up
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
Some points that weren't considered in this video:
1. Wants will also increase with increase in salary. Everyone wants to improve the standard of their living with time. You can't expect people to live at the same standard for 20 years.
2. There will be some inevitable expenses that you will have in 20 years for which you may have to break your investments. These can include house renovation, marriage, child education, foreign trip etc.
Thus 15-20 percent step up investment is very very difficult especially when your salary is high.
Focus on increasing your salary. You can get 100% increment by learning the right skills and switching at right times in right companies.
1. "wants will increase" that totally depends upon you, surely needs will increase though. That leads you to the point that what ARE your needs and what WILL be your need in the near future or so. Going out for dinner sometimes can be counted as a need. As you mentioned courses for skilling up shall also be counted as a need. That's why we spent more on needs. Needs do change as you age, some are dropped off some are added on. I want to express that understanding the needs as a variable of time will benefit me greatly in life.
2. That's why we keep our portfolio diverse and keep on adding from time to time, it can happen that you might need to break those investments may be all at once, but thats life! Start again! Starting again puts you as a differentiator.
100 % to your third point.
For child education you can opt for SSY. Foreign trips Kaun roj roj jata hai saal do saal main ek baar jate hai saal bhar main itna toh collect ho hi jayega ki choti foreign trip ho jaaye. Aur agar nahin bhi hoti tabhi bhi badi baat nahin hain
If wants will increase u should increase ur salary
Sir plz Koi content writing aap link boliye sir
Tax nam ki chiz suni hain
My age 32 and monthly salary 26000 ..this video is very informative for me ….sir yours marks 10/10
Forwarded this to my sister who had just been blessed with a job. 10/10. Thank you.
Sir , I would give you 10/10 for this purely rich content. You have decoded most complex of a person's life problems in this extremely simplified manner. I'm grateful for all of your efforts towards making these videos.
This is what should be called a real informative video. Kudus to you Pranjal for keeping it simple and clear.
Without pen or paper. It's easy to understand with 100%clarity
I'm 31 now.
Started my investment journey in 2021.
Was able to save more than 20%, luckily.
Now I have a portfolio of 25L.
In this profit alone is 7.8L.
I invested in direct stocks, SGB, MFs, and NPS.
Help me out im 34 70k salary
@Venu-oq7dp nice that you reached out bro.
Respect!
Follow 20- 30 -50 rule.
Transfer the money and start saving as soon as you receive the salary.
Trust equity.
Think many times before you make a purchase.
I don't have the audacity to give you a rating. Still if I were that much worthy, I would have given you 100 on 10. Hats off to you, your integrity and your simplicity 🙏🙏
0% Ego
0%Attitude
100% Hardwork
100%honest❤
जहांपना तुसी ग्रेट हो, तोहफा कबूल करो।...❤❤❤
Kuch places pe calculation bohot galat ki hai inhone
True for success
@@greatsquarebeejaise Ki Sir
@@greatsquarebee
Please furnish details, so that we can understand.
Pranjal, you covered the basics beautifully. These kind of videos should be part of college education as financial literacy course.
4:25 "woh achha hein, jo apko raat ko chend ki neend sone de" what a statement 👏👏🔥🔥 9/10 👌
though I am 24 and not earning right now but your concepts and the power of explaining shows me so much to manage my future money. I am feeling very lucky that I born in this era of free education and knowledge. The content is 10 on 10
nice learning dear😊😊
At your 24 you can't earn..
And my 21 I have been doing Job ....😢
Investing in various sources of income that are independent of the government should be the most essential thing on everyone's mind right now. especially in light of the global economic crisis at the moment. I have $560,000 sitting in savings searching for the best method to enter these markets. This is still an excellent moment to invest in equities, gold, silver, and digital currencies.
Something I’ve learned from my first bear market: You don’t have to outperform, just survive. If you can survive and let your competitors blow up you’ll be the only one left and in a better position than before.
@@geraldantonio3160 Building a good financial-portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.
@@marcorocci-ct7kw Working with a professional to develop a well-structured investing portfolio is a wonderful approach to get started. That's why I've been working on my dealings with “STACIE KRISTAL WEBER”. Because most traders enter the market with the intention of making a quick 10% to 20% profit, I've learnt to remain patient with the market. They miss out on the massive gains since it trades at a P/E ratio of 40-50.
Beautifully explained .there was no you tube or financial influencer when I started my first job but I saved from 1 st salary.Every salaried person today should save from day one as this can be a planned strategy from job layoff as this is on the rise since Covid .Happy Investing and you can become rich easily only if you plan and are disciplined.
Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject ..... Thanks to Georgina Lucas the lady you recommended.....
No doubt!! I never knew Georgina Lucas had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.
Please I'm new to this, how can I get her assistance?
SHE'S MOSTLY ON TELEGRAMS WITH THE BELOW NAME
@ms geocas
Exactly! Get the application and look up the above name,make sure there's no added letter or number.,,,,,
Sir in a city like hyderabad with 20000 salary, 50% towards needs that is 10000 is not practical
But still i have learnt a lot of financial things from pranjal sir thank you
You can earn more than 20000 in small cities and your expenses will also decrease. Plus, you can live your life in less crowd. Moveout from Bangalore now.
Don't worry. Start with Rs 500 or 1000 per month. Saving and investing a small amount is a healthy practice.
Increase your income
@@A-Random-Person-Alive i respect that but as a software engineer i cant do a job where ever i want right, because we cant find offices in small cities
@@udiyanasaikumar3066bro is engineers also paid that much low in high cowded and developed cities?
Video has been released in a great time. I am joining a job next month.😊 Stay humble, keep growing🎉
NOT A SALARIED MAN JUST A BOY WHO TURNED 18. BUT YES FOR OBVIOUS REASONS THIS VIDEO HELPED TO TO SOMEWHERE ANALYSE HOW MY PARENTS ARE NOT DEALING WITH THIER FINANCES IN A CORRECT WAY. FOR SURE WILL IMPLEMENT THIS IN MY LIFE AND TRY TO ASK MY PARENTS TO DO SO TOO. THANK YOU Mr.PRANJAL .
"Haare ka shara ... baba shyam hmara" .... esa feel ho rha hai sir ....
thank-you sir realy... esa lgta hai ki kuchh to ho jayega jugad budape me
Jay shree shyam ❤
For college students/ young people, (assuming, you are living at your parents house and they take care of your needs) you can reverse it. 50/30/20 50% = Savings, 30% = Needs, 20% = Wants
In india having sound finnacial knowledge is supremly important. Countries can collapse overnight cuz of this. Great job Pranjal.
Absolute 10/10..
There are so many so called finance influencers out there, but never have I ever saw a person with so humbleness and down to earth thinking. No si-fi numbers or gyaan. Absolute to the point reality. I feel guilty of not knowing Pranjal Kamra before and stuck with hi-fi showoff influencers. From now on Pranjal sir, is the go to guy!!
being a student, I found this video very fantastic. Thank you so much Sir! for sharing such a good information. I would rate this video 10/10
Thank you so much for teaching the most valuable lessons that our school never taught us ‘How to manage our finances’
I would rate this video 6.5/10 because you are missing the amount needed for the big event like marriage, children education which required a lot of money and it was taken from our savings and it reduced our portfolio value also.
But surely this video gives a basic understanding that everyone doesn't need to do business to become rich.
Thank you for this video.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
I am from Pakistan. I appreciate the way you have calculated everything. In Pakistan, inflation rate is so high so that few of the points get invalid like value of 1 Crore, Life expectancy, etc
9/10, a simple way to manage money ,sir only you can explain this .....
I don't usually comment
But, The Topic, The pattern, the clarity, The explanation, The consideration of all factors is unmatchable...
Thanks for making such kind of videos for us
Making it so simple for us
Thanks alot @pranjal kamra❤
1st of all, Thank you Sir!
And don't ask about rating, it's a 10 on 10 video..
This is the most easy and effective way to make people understand what they need to do in terms of their financial career.
You have almost covered everything in this video.. Thanks for making non biased , purely educational content.
Pranjal sir, first of all many thanks for creating such informational videos for the people. And secondly this is one of the best video every young individual should watch after starting a job. This is the basic guide on how to plan your future being financially secured. I wish someone would have shown me this video earlier in my life. But it's never too late to learn, I'm glad I came across this video and learned some very important things. I mean this is how you teach finance to an individual with simple terms without confusing. Thank you is a very small thing for the good deed you have done for the society by creating this video.
Very well explained as always. However, our expenses do not just increase by 6%, as 6% is the inflation based on the basket Govt. has chosen to track it. Actual inflation for most us are 10-15%.
Yes, inflation varies 10 to 15, like medical expenses and many more
Its 20%actually😅
@@rpradhan500 Very much possible based on what purchases make up your expenses. Also it is genrally very high for people who are taking care of elderly people mainly due to medical costs where the inflation may even cross the 25%.
Inflation is just the mean of all the inflation in every sectors which comes out to be 6%. What to say is true depends on your expense.
@@manidipganguly true
I m 24 now and I have started earning for my myself through freelancing and this video is truly needed much .... Thanks bhaiya for this 9/10 video ❤️ .... Just if U can explain sovereign gold bonds in your next video it will be helpful for many like us ❤
Pahle hi bna rkha hai video
freelancing as in Kya karte ho specifically?
😊
First of all thanks to you sir. I watched your video in the early morning at the end day of 2023. It gave me boost to plan my 2024 and rest all things. Im really thankful to you for the content you shared. It is 10 out of 10 from my side. From when i started seeing your videos i developed confidence in me. Your doing a great work for society and upliftment of the people. Best wishes for your new content and whatever you suggested, surely im going to implement. Thank you sir
Happy New Year 2024
I am 43 years old, have a gov job .I like video very much.I understood about term insurance and sovereign gold bond.I want to grow my wealth.
Would rate the video 7/10 as we are missing the amount needed for big life events such as wedding, buying home and car and then childrens which would require alot of m,oney and which would be taken from our savings and hence the principal; reduces...btw this video surely gave some confidence for the salaried person to be in that profession instead of switching to business which might lead to disaster for many....and yes your vidoes are amazing thanks.
That can be the aim when one switches their job or gets promotion/ increment.
Children and non-working husbands or wives are biggest liabilities in this economy. Our parents could afford all of these expenses in their time but in today's date of we want to live comfortably there should be two bread winners in a family instead of 1, only then you can dream of being rich instead of stressing all the time
Thank you Pranjal...
Great view...really appreciate your efforts.
No one teaches such things in life
10 on 10 with ❤️ I have learnt a lot from you and which I like most is your HONESTY. You are different from other financial influencers. Most of them intend to sell their products but you intend to make the people aware of their financial freedom. Love you.
I would like to sell you financial freedom. Pay me 100 k only.
This is why....I never skip a single min video. he always gives a valuable information for middle class peoples
Would rate this 10+ for your explanation and making it easy to understand. Unfortunately these concepts are not taught at a vital time. And not everyone gets the right information online. Will try this out and pay you thr well deserved commission😊
One of the finest Video..
I just wish this was taught us in our basic education.
Thanks Pranjal!
Impressive calculations, sir.
I would like to mention an additional point. Considering this scenario, after 20 years, we can expect a return of 1 crore. However, it's important to note that at that time, we will be subject to a 30% tax if we decide to utilize the money. After deducting the taxes on the investment return, we would be left with approximately 80 lakh. In terms of today's value, that 80 lakh would be equivalent to 50 lakh.
Tax harvesting karlo
@@ganeshthimmaiahwo kaise hogi
Bahut achhe tarike se samjhaya aapne. ek aam aadmi bhi ise aasani se samajh jayega. Aur vaise bhi aam aadmi ko hi aisi knowledge chahiye. baki to sare rich bhi hai or samajhdaar bhi.
Thank you for this simple explanation.
Great content! I absolutely loved the way you covered the basics. Just something i would like to point out regarding NPS - so NPS scheme has a really long lock in period and as the name suggests its a pension scheme, which means when we attain the age of 60, we only get 60% in lumpsum and the remaining 40% is given to us as monthly pension over the comin years ( i guess roughly 20+ years) and this monthly pension is taxable too... In my opinion Post Office Monthly Income Scheme is far better than NPS
When you turn 60 you may not fall in the tax bracket at that time.
Nps can be used for additional tax deduction of 50k on top of 1.5lakh frm 80c
It's changed now
@@harini7481 i think i read that that addition is if you keep not for 60 but instead 75 that is the maximum tenure
Im 34 year old single mother since then i started seeing ur vdos if financially not much anxious nowadays..tysm
Hi Pranjal!! Great content!! One Suggestion: When you are explaining such awesome concepts and ideas, please use numbers in the screen to make the point more visual. Keep up the good work
One of the best video i have ever seen in my life.
Best video for youngsters or who want to become rich.
Thanks Pranjal for making this simple and clean video- that didn't contain the complexity of shares and boosts the confidence of a layman too.
That's why I like this guy most❤❤
True content😊
explained in a very simple and easy way, taking the minimum salary as example 👍 it would really help a lot of people who are worried about the future but are well disciplined and ready to take such learning for their betterment 😊
10/10, I need to start investment, I am 27 now.. the way you explained it in simple way is awesome.
9.8/10 thank you so much PK Sir, credit goes to your family, friends, teachers, mentor for gives you a educational assistance. Thanks again 🙏.
Take a bow,Sir. Golden rules explained!!! You r such an inspiring person!! May God bless you. 🙏
Next video should be on best way to invest in sovereign bonds.. through govt or demat directly 😊
Yes
Right
It's demat
yes
Please make
10/10.
I am 47, but it is good educational stuff ,I shared with my son's.who are more than happy to follow.
Thanks alot for such small details.
10/10 sir.... Very much inspired from you and your contents
Out of 8/10 Told in very simple language. Information about financial literacy is given. Very important points have been mentioned in terms of financial planning. I liked the information very much and will start financial planning soon. Thank you so much! 🙏❤
I would rate video 10/10
It covered all the bases.
Pranjal, How would you teach patience to be invested for 20 to 30 years? It looks easy but still not many could do it.
Excellent video for today's youth who have just started their carrier. Important lesson to be learnt here about saving & investing even though you income may not be much. I'd give a 9/10 for this video. Good job PK.
Thanku sir for giving us valuable information ❤❤❤❤❤
10/10 Boss, love you as an ideal person for helping and spreading financial awareness,
Also thanks a lot for upgrading my relationship with money
Loved your video with sandeep Maheshwari as well…
Especially the word that to see the market only on weekends…
As a financial planner you should also plan for short term and mid term things such as your own wedding, higher studies, buying necessary things as a home/car/atleast a scooter which nowadays costs above 1Lkh. Just teaching about investment is not enough, you should also break it into more smaller parts
30% which is set aside every month will be sufficient to cover these expenses if planned carefully.
Most can't buy home even with 100 percent
100/10 BHAIYA YOU MADE ME REALISE THAT JOBS ARE NOT THAT WORST
Thank you sir for the amazing video ❤
Just wana add one thing that even if country's inflation increases by 5/6% yearly but the cost of day-to-day needs increses way more then that.
Hi Pranjal, a question on SGB: since its price is governed by the underlying Gold price, wouldn't you have a loss if you buy SGB when the gold price is high, but when the bonds are mature, the gold price is lower, or marginally higher than the purchase price? In that case, you will just make 2.5% interest amount, isn't it? What are your thoughts on this? Gold price doesn't move in straight line, rather in cycles.
This is the first time i am commenting on your video sir, today i really felt that your content is way more better than any one else as of my knowledge 👍😃you explains every little doubt in detail so that at the end of the video we don't have any more doubts left 😂❤ and the motive of your video is definitely fulfilled by giving us your knowledge.😊love your work sir, may you do more work like this and you get healthy and wealthy with it 🎉😇
My dear friend pranjal kamra I am a development officer at lic of India. I love your videos and way of your presentation..
We are thankful to you for guiding youth towards safe investment.
Because we all know all the broking firm of India misguide our youth to do only trading and sip..
But the way you talk about compounding and life/health insurance first is show your awareness towards market and future of youth .♥️♥️
Very well explained. Need more financial planning videos like these 👌 10/10 for this one.
Your videos are always 10/10 buddy... Thanks for sharing all this important financial lesson with all of us for free ❤️✨
Trader's not harmed in this video. 😂
Forex and curryp ?
😅😅 😂
😆😆😆
10/10
Thanks for clearing my doubts for investment....
10/10 AS ALWAYS! Tones of Love Sir!❤
Your content is very informative and practical. Also it touches upon the solutions of everyday problems of ours. It is so much relatable.
Thank you so much Sir ❤
Very much informative ..sir
Make few tips for govt. Employees also.....❤
Rating - 10/10 Really very simple and informative video...
From last 1.2 year.. my salary was 20k and still i saved around 99k and now i got job with 40k🥰..
Thanks to You, LLA, Ankur Wariko, Honestly by Tanmay...
For making me financial good
Kaha job karte ho bhai
Nothing much but just two big questions: the increment in the salary is not going to be 10 % always because as you start making decent money, the increment barely remains at 5 %. Secondly, everybody is gonna get married and have kids or have to do their sisters marriage too, aren’t those heavy expenses gonna interrupt our investment? Please reply and thank you Pranjal for giving us valuable knowledge, I have been following you since 2019 and you never disappoint!!
😮
Not everyone gets married and want to have kids or support their sister's marriage unless and until she doesn't earns and have narrow mind to give dowry. So I think he has excluded all of these things, but maybe after some sacrifice you can start implementing these rules in later years
Your videos are always motivational ❤
Rating 10 - great idea shared - noted points & will be implemented - definitely will work out 🙏🙏🙏
Sir world war 2 ke time wars hoti thi humiliation Kiya jata logo ka, unnecessarily logo ko mar Diya jata tha. isliye 30-35years age jati thi
I don't speak Hindi much.. But I understood everything you intended to explain here.. even @x1.25.
❤ Thanks man.. Really helpful 🙏 God bless..
N.B: If hypothetically the allocation is 50/20/30, will the wealth creation process happen approx. 2X faster? 😊 Just curious..
हर साल दो से तीन % इंक्रीमेंट होता है, अब तो ये हाल है कॉरपोरेट जॉब के।
Sir, i am living in pune with Salary of 25k . Your this video will help me lot, for starting
my financial planning from today onwards ,Thank you so much Sir again. I will give you 10/10 rating. Sir🙏🏻
I don't agree. You don't have considered the inflation rate for normal person. Here I explain.
1. Milk prize is increased by 15% a year. A normal family consumed minimum 30 liters of milk a month. It will be 2000 Rs. Per month which is 20% of need you have shown in video.
2. Petrol prize is also increased by 15% a year in last 4 year. Middle class person also spend 15% of need amount a year, taking 20,000 salary as example and 50-30-20 rule.
3. Grains, vegetables, fruits, etc prizes are also increasing by 10% a year. Which is also 20% of need I.e. as per your calculation.
4. Gas cylinder, Electricity charges etc also increased by 15% a year.
5. Now consider wants section. Prize increments in cloths, restaurants, etc is much higher than 5% inflation rate.
Conclusion - Inflation rate for Middle class person is much higher than 5%.
I can definitely say that it is around 12% for Middle class like us.
Sorry to say, But whatever you talked are bookish and un-practical.
Hope you understood my points.
Wow ! Something unique explanation
Agreed....
Good calculation....
It's worth reading. Nice points
This should be consider while having a goal of 1 cr.
@pranjal sir - one question, can we use the accumulated ppf amount as the emergency fund or shall we keep it as separate from emergency fund?
Keep It Seperate from Emergency Fund
Invest 4500 RS in this Way/Month
1)800 RS NPS
2)700 PPF(Instead of 15.Years do it for 20 Years)
3)800 RS SIP
4)700 RS Gold
5)500 Health Insurance
6)500 Monthly Save and 6000 Lumsump Mutual Fund Every year
7)500 Term Insurance
This administration's putting so many families into difficult situations My life has changed through Investment $16,450 profit our lord God have lifted up my Life.!! Analia Harlod is the best
The truth with this recent economy, everyone needs more than their salary to be financially stable. The best thing to do with your money is to Invest it rightly.
Even with the economy recession and downtown, I'm so happy. I've been earning $9,500 return from my investment on short time, trading digital assets with Analia Harlod
I'm really interested in reaching her, my parents are suffering alot, can you refer me to her please???
how do I connect with her please?
*Anharlod*
Undoubtedly 10/10 ! Thank you so much Pranjal !
Sir i have a question ⁉️ with 20k salary how can we get life insurance for 1Cr. Sum assured. Every life insurance company asks for salary proof. I am 22 and i couldn't find a 1Cr. Life insurance in Rs.500 per month as u said in the video.
Correct
Search about term insurance plan
Take ulip brother
Nhi milega...500 me toh bilkul bhi nhi,,main 1650 de rha hun per month for 50 lac term plan 😂
it's even worse for force personnel. They are asking Rs 4.5k per month for term insurance.
18:15 - TCS employees be like "Sabka nahi badhta laxman"