How to be Rich with a Salaried Job ?
ฝัง
- เผยแพร่เมื่อ 19 พ.ค. 2024
- Your first salary is just the beginning of your financial journey, and with the right plan, you can set yourself up for a secure and prosperous future. In this video, we will discuss how to create a solid financial plan that will help you grow your money and achieve your long-term goals.
We'll start by talking about how to maximise your earning potential, pick up side gigs, and invest in yourself through education and skill-building. Then, we'll dive into financial planning, including setting a budget, saving for emergencies, and prioritising your expenses.
We'll also cover the basics of stocks, bonds, and mutual funds, how to create a portfolio that will help you grow your money over time and also about risk management strategies, so you can make informed decisions about your investments and avoid common pitfalls.
00:00 - Introduction
01:20 - If you earn less than ₹20,000, Watch this!
03:58 - Job vs Business vs Freelancing
06:06 - What is 50/30/20 Rule?
07:12 - 3 important steps for Financial planning
12:30 - No money to invest? Do this!
13:34 - Best investment strategy for beginners
24:42 - Conclusion
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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.
Started following this approach at 24. Now achieved a lot in 10 years.
Honest review 10 out of 10.
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.
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 🙏
@@lays_boy 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?
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.
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
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
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 ❤
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.
"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
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.
10 out of 10.... I am 40 and I wish that there was someone like You in our 20's to tell us this
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.....
That is true my dear, Investment is the best idea presently and without it, human struggles are worthless.
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
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
Pranjal, you covered the basics beautifully. These kind of videos should be part of college education as financial literacy course.
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.
One of the best video i have ever seen in my life.
Best video for youngsters or who want to become rich.
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
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.
4:25 "woh achha hein, jo apko raat ko chend ki neend sone de" what a statement 👏👏🔥🔥 9/10 👌
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.
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!!
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
Undoubtedly 10/10 ! Thank you so much Pranjal !
Most useful video ever about financial aspect of life
thank you pranjal sir for giving me the different perspective ❤
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! 🙏❤
Thank you so much for teaching the most valuable lessons that our school never taught us ‘How to manage our finances’
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
I'm. Student and don't know anything about investment and all but it was so lucid a damn easy
Thank you so much
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
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.
10/10 - Brilliant!! Will re-emphasize 1 point which is to start early, as early as possible.
10 out of 10 best given knowledge. Specifically term insurance
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 😊
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.
Best one video no Chik no jhik jhik...
Thanks bro 10 out of 10
10/10
The most valuable statement that one should always try to earn more.
Thank you sir for this valuable video
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 🙏🙏
Take a bow,Sir. Golden rules explained!!! You r such an inspiring person!! May God bless you. 🙏
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.
sir thank you so much genuinely ap ek elder brother ya friend ki tarah advice karte ho different criteria ko dhyan me rkh kar thank you so much.
1000+/100
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
@@suryakanta8711 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?
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
You've taught us the whole life planning..
A long time follower of you sir.
My life is getting better day by day because of you.
You've a healthy life ahead ❤
Sahi bataaye bhaia aap...best video I have ever watched....full data wise video...I liked the way u presented everything❤❤❤❤
Video has been released in a great time. I am joining a job next month.😊 Stay humble, keep growing🎉
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.
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.
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.
@@CallumPerchard Mind if I ask you to recommend this particular manager?
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
My age 32 and monthly salary 26000 ..this video is very informative for me ….sir yours marks 10/10
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.
Mind blowing sir ji.
No words to say
Thank you so much ❤❤❤❤
10/10, I need to start investment, I am 27 now.. the way you explained it in simple way is awesome.
Hey, Im 23 and this was a very well created video. Thank you for handing out different options and choices in investing the amount of income and most importantly busting the idea you cant get rich with salary
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 ....😢
All in one this video
Thank you sir ji
Main aap ko 1 saal se follow kar Raha hoon , after day treding lose
This is the best financial planning video I have ever seen...thank u so much to solve the puzzle of saving and investment of most of middle class people...I would like to give u 10/10...
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 🙏.
For a person who has never been taught finance, is scared of finance management, this video is a blessing!
You made me hopeful and happy, thank you
Thankyou, bahut kuch seekhne mila. Bahut kuch naya pata chala.
Thank you Pranjal...
Great view...really appreciate your efforts.
No one teaches such things in life
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❤
thank you so much for your advice, it's very helpful for them who don't have much knowledge of finance. so for me it's 10/10
10/10
Thanks for clearing my doubts for investment....
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.
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…
10 out of 10 sirji. Amazing content for wealth creation
Thanks you so much sir for making this taking time for such gr8 efforts ....10/10
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
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 🎉😇
Thank you sir. Great Insights 🙏 20/10 sir double of the max 🎉
I just got job at ages of 29 i know its too late , but its goverment job im earning above 20 k , it has been one year i m still finding way to save money n invest money for future, thanks to u , it is very useful videos u opened my eyes, thanks for ur secure ideas
Very well explained. Need more financial planning videos like these 👌 10/10 for this one.
In india having sound finnacial knowledge is supremly important. Countries can collapse overnight cuz of this. Great job Pranjal.
Wonderful eye opener 😊& very very useful information shared, you deserve 10/10 to guide the impatient younger generations,who are foolish for quick money and lavish on spending
It really motivating for someone who comes from middle class and has lots of dreams in eyes
9/10, a simple way to manage money ,sir only you can explain this .....
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
Mere ko es video se bahut kuch sikhne ko mili me is video ko 10 mese 10 rate karti hnu😊
Will start this from 2024 Jan only. Thanks for sharing these insights
Your videos are always 10/10 buddy... Thanks for sharing all this important financial lesson with all of us for free ❤️✨
The most genuine and trustworthy content. Thank you Pranjal. 10 out of 10
12/10 Pranjal bhai 🙌🏻🙏🏻
bilkul 1.5% mileage bhaiya after retirement Thank you for the guidance
One of the finest Video..
I just wish this was taught us in our basic education.
Thanks Pranjal!
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
100/10 BHAIYA YOU MADE ME REALISE THAT JOBS ARE NOT THAT WORST
Rating 10 - great idea shared - noted points & will be implemented - definitely will work out 🙏🙏🙏
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😊
Sir aap ka प्लान बहुत ही अच्छा है मेरी पूरी मदद हो रही है और यह अगर चार्ट में मिल जाता तो ठीक होता sir और अपनी ग्रोथ और अच्छी कर पाऊं 🙏
You deserve 10/10 bro.. God may bless you.
Most wonderful advice I've ever seen 🙂 Thank you so much 🙏
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 ❤
Thank you so much sir for giving the financial knowledge to us, as an youth I feel so much motivated for financial planning in the correct way 🙏❤️❤️.
Very nice sir
Highly practical
Realistic approach
God bless you
10/10 bhai....aap bilkul bade bhai jaise samjhate ho
Huge respect for u sir, no one talks about in depth financial planning for avg salaried people, u r doing excellent job sir, god bless u!!!
10/10
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.