CREDIT CARDS use karne ka BEST TAREEKA! | Passive Income Tips | Ankur Warikoo Hindi Video
ฝัง
- เผยแพร่เมื่อ 14 มิ.ย. 2024
- Did you know that if used well, #creditcards can make you wealthier instead of getting you into financial debt?
Getting a credit card can be the best thing you do for your financial discipline, provided you do it right. I will also talk about how I manage my finances to give me free #money through credit cards.
00:00 Introduction
01:29 Can credit cards be harmful?
06:28 What is credit rating?
07:45 What are the advantages of a credit card?
11:24 What is the best way to use a credit card?
Towards the end, I’ll also walk you through the right credit card if you are in your 20’s and are just starting out.
If you have any questions, please let me know in the comments section!
#warikoo
Click here to subscribe to my TH-cam channel: shorturl.at/bizNX
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Ankur Warikoo is an entrepreneur, an angel investor, a mentor and an active public speaker.
For the past 4 years, Warikoo has been actively sharing content on TH-cam, LinkedIn, Instagram, Facebook and Twitter amassing a following of 1.8Mn+ people.
He posts 3 Hindi and English videos every week on his TH-cam channel, where he talks about entrepreneurship, how to grow in life, personal finance and failure.
Warikoo started his entrepreneurial journey in 2008. His most recent startup is nearbuy.com where he was the founder and CEO from 2015 until 2019.
Prior to that, Ankur started Groupon’s India business in 2011 and acted as the Country CEO from 2011-15, and Head of Groupon APAC from 2013-15.
An alumnus of the Indian School of Business, Ankur is an active Angel investor and mentor to several startups.
Ankur has been part of Fortune Magazine’s 40 under 40 List for India, LinkedIn India’s PowerProfiles List, LinkedIn India’s Spotlight List and India’s Top Executives under 40 list.
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Hii sir I'm 18 year old Diploma Chemical Engineering working in an MNC... I live in hostel which is Free of cost... My only expense is mahine ka rashan which is including all roommates is around 6k-8k per month... I can afford it but can I pay rashan bill from credit card?
very useful video
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Ok😊
Play this in 1.5x speed..to save your time
Kitna v time tu bachleta hoga
Bhai mera pehle se hi 1.5x pe Tha 😂😂😂
I was watching Dhruv Rathee😅😅
Time bachana hi h toh video mat dekh😅
Big thanks to this team below for your consistent work in assisting my family out off debt and I believe they will keep on doing so
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No dobut ya all have been seeing good reviews of there services everywhere on google
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No dobut ya all have been seeing good reviews of there services everywhere on google
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Credit card companies be like : "Chilla Chilla ke schemein Bata de logo ko"
😂😂
Scheme nahi Schemein! 😂😂😂
🤣🤣🤣🤣
😂
Lol
Been trying all this while to get back financially, till this name below came to my rescue.
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No dobut ya all have been seeing good reviews of there services everywhere on google,
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For some odd reason, I really like the way you said "That's a warning and a request"
Exactly, stern yet with care!
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Definetly Badkhencorpcom on google is the real deal .
No dobut ya all have been seeing good reviews of there services everywhere on google
Definetly Badkhencorpcom on google is the real deal .
very very very informative , I was planning to take a credit card, just got a job and I'm in my 20's and I'm happy that I haven't skipped this video🙂
Thank you sir. I already had a basic idea about credit card seeing different videos.
This is nice to get everything in one video.❤️
Love your work.
Glad it was helpful!
Sir, I am 100% straight but after watching your videos for the last month, I can't help falling in love with you❤
Haha
I’ll forever be grateful, to this team below for what they did getting me out of debt Thank you .
Check them out on google at Badkhencorpcom and thank me later
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No dobut ya all have been seeing good reviews of there services everywhere on google
Definetly Badkhencorpcom on google is the real deal .
OMG, I LOVE THIS MAN! Thanks Ankur for providing personal finance knowledge for free.
I know most of the content as am myself from this field. However I still drop in to check your videos because of the beautiful way in which you explain things. You have uncanny knack of making things simple
Haudu anna
Hello! Kapil bro
Can you pleasee help me choose a credit card according to my requirements?
Would be great if we can get in contact.. 😇
The way this team below ⬇️ handled my investment project showed resilience, experience, Knowledge, and critical thinking. I would love to get his perspective on our next project .
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The best things about this channel is that its a one size fit all.
Amateurs can gain knowledge and veterans can brush up concepts.
Plus all can enjoy Ankur's brilliant narration.
Sir, It's great to found a person and mentor like you. ❤️❤️❤️Mr. Ankur You told that you are the avg of 5 people you spent time with.
You are one of those 5 members of mine. 🙏🙏
Keep your positive attitude alive, and never let the enthusiasm in you fade, this is your strength to make that money.keep thanks too this team ⬇️ .
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No dobut ya all have been seeing good reviews of there services everywhere on google,
Definetly Badkhencorpcom on google is the real deal .
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Is credit emi good if i keep paying 100% monthly instalments ???
The small but an important genius of all your videos is that although they are hindi-english mix, there are english subtitles. Just shows the extra work you put into to have a larger reach. Kudos!
Thank you for the amazing content.
This guy reflects a plethora of positive vibes 🌟
What a video....🔥🔥🔥🔥🔥❤❤❤❤❤ thanks a ton sir for making this video and saving people falling in the viscous trap
Warikoo in 2075 : I d like to thank Credit card company for making me a billionare over time
He won't live till 2075.
Sir you are giving more education than most of university or online courses. We are grateful for your valuable time and effort.
*MODERN MAN iS NOT THE MAN WHO GOES OFF TO DISCOVER HIMSELF, HIS SECRETS AND HIS HIDDEN TRUTH, HE IS A MAN WHO TRIES TO INVEST HIMSELF IN SOMETHING BENEFICIAL FOR THE FUTURE,*
I totally agree with you, the Crypto market is the most profitable venture I ever invest in
I reached my goal of $500k yearly trade earnings.Setting realistic goals is an essential part of trading.,
most intelligent words I've heard,
Crypto is the new gold,
I'm a huge fan of crypto, I hold some few coins in my wallet.
I am just getting my first card....very happy to learn things first hand from you sir...
Thank you
Our generation is blessed to have you, sir❤️
Today is the teacher's day. I got a awesome lesson . Thank you so much 🔥🔥
Unbelievable description Sir, Thanks a lot
Thanks a lot for making this video. Such a eye opener
One more point I would like to add for credit card usage is the bill cycle. If you know exactly what's the bill cycle of your credit card, you can have more financial control. For example if you are making big transactions in the start of the bill cycle, you will get 2 salary credits before the due date of your bill payment(if your salary credits every month on same date)
Good...
Billing cycle is important
I actually love how you haven't given us recommendations for so and so credit card options so that we do the research by ourselves!
This is best video I viewed today regarding financial knowledge
Mazaa aa gaya boss... Excellently explained...Loved your video
My goodness you wont believe today only i was searching for this topic some hours ago...and here you come suddenly!!!!
How it got so much will you tell me pls 🙏
These are such basic...but important lessons! Especially for those starting their financial journey 👍 thanks Ankur
That's a brilliant idea!!!... Thanks a lot ankur...
Thank you so much for this Information! Really Grateful for it 🙏
Wonderful presentation... Loved the way u explained merits & demerits of using cards...
I have always self disciplined to CC any amount i pay the full amount .As Ankur mentioned it helps us in future in many ways. Taking it for granted is bad and causes real damages.
Thank you Ankur. This video is so helpful!! 🎉🎉
Very well explained. Thanks
Sir, the way you explain everything was amazing. Your speech is just awesome and Video is knowledgeable. 🙌
My 1st job was in debt recovery sector in HDFC bank CC dept. I have seen people went from hero to zero. And from that point of view, i think that's the most educational video about way to use CC
Thanks for simple and clear Presentation
Super sir. Aapney bohat acha samjaya. Thanx hatsoff
Much awaited one is here ever since you told you'll be making video on this one 👍
Enjoy
This is one of the most useful video on this topic. Good work. Appreciate your presentation skills and quality content.
Superb video ❤️ thank you 💕
Great information sir.thank you
Superb man...what a simplified way to explain things, superb expressions and way of communicating. Great 👍👌
Additionally, please make a note that:
1. There is a processing fee when you pay rent via credit card on any available platform.
2. Avoid using credit card to withdraw cash from ATM; an additional fee is charged.
Ankur Sir's take on CRED coins at 12:48 is epic. :P
2nd point is most imp about credit cards
And sir I read that thay also charge for money transfer into bank account? Is it true?
1.5 perc charges cred ke
@@sahilmakwana9070 that is basically taking loan against your CC, yes you have to pay a interest.
Seriously. One should never use credit cards in ATM machine. I vaguely remember I went to withdraw Rs 500 and paid roughly Rs 400 for the transaction.
This is the core lessons of the book millionaire fastlane but in 20 mins & very digestible.:) The script, storytelling, background music, everything is incredible.
Last month, I thought and did this trick. Now you have clarified better. Thanks 👍👍👍
Your explanation is so simple and easy to understand ❣️
Good stuff Ankur. Looking forward for more such interesting videos.
Spent 1.40 lakh by credit card in Jan 2020
Couldn't pay money
Paid 12000 every month for the whole year after each bill
Now still the bill is for 2 lakh
Don't buy what you can't afford 🔥
Convert it into flexi pay , in flexi pay rate of interest is 10-12% p.a,
@@Life_journey_234 Sahi main
Go for flexipay or take a loan for debt consolidation. You'd be paying less interest.
That's the CREDIT CARD for you, my friend😉 Take loan from friend/relative and clear this in full and then pay that friend/relative like this and atleast in india people dont bother to charge interest on loan given to friends/family😁
बिल्कुल सही समझाया सर , मै शुरुआत से इसी माइंडसेट से ही क्रेडिट कार्ड इस्तेमाल करता हु, जितना आपको बताने में मजा आ रहा है वही मजा मुझे आपके बताये तरीके से इस्तेमाल करने में आता है ।
Thanks , Ambadnya for making this video.
Very insightful! I am an enthusiast who is still a student finding for the correct way to start off my adulthood journey with the right footing! Thankyou for all your efforts .
This is something new that I've learnt today❤️🔥
Great explanation !!!🤗🤗
Excellent Information, thank you so much.
Great explanation sir. I am in my teens and looking forward to having a credit card. Gary once said as well, get yourself a credit card and improve your credit score.
Ground rule: ensure you have the funds to pay the full amount.
Exactly 👍.
Amazing video really helpful thank you so much
Loved the way he explained and cleared my doubts. Thank you sir. Respect!
I highly recommend to put amount equal to your credit limit in a fd or seperate account as a security. This will save you from not paying full amount and getting into a debt trap.
Thanks a lot, Ankur for making this video. I am guilty of using the credit cards for granted and collected 5-6 for fun initially I used to pay full. By the time with crunch, family issues had to use funds available in the hope of paying full but the hope failed and got in the trap. The stress of paying the outstanding amount and innumerable calls from the bank stressed me up that I felt like beating myself up.
Never had that kind of feeling and now I realize it is down to the fact of little and less understanding of finances. I am still trying to understand finance by watching your videos or other finance professionals still far from where I want to be but I am sure that I will now never go into that trap and have brilliant financial freedom soon.
If possible can you give me some time so I can use your brains to enhance my financial knowledge
Thank you Ankur sir, it is a really helpful video👍
Wow Ankur Thanks a lot giving such very informative information 👌👌👍🏼👍🏼
i use Amazon Icici or Flipkart Axis. Both are Best..Ankur Sir you need mentioned about AMC fees which is also trap if you do'nt spend minium amount in a year.
what is it? can you tell me?
@@aseemsharan thanks ill research a lil more and see if it suits my paymets and all
@@aseemsharan so u mean, we need to spend minimum amount that is given as the limit yearly otherwise we have pay that 400?
@@hope.7000 Yes true. But we get benefits from credit cards as well. either through coupons or theough direct money cashbacks. so if that crosses 400 rupees, overall you won't be in loss. For people who spend excessively through credit cards, for them this is very beneficial.
EDIT: And that's why Ankur said that for starting, we should always look for free credit cards on which we don't have to pay any annual fee.
@MyOnlineCA sir but would u plz tell me how to transfer money from credit card into bank acc with 0 charges
Hi Ankur, regarding the difficulty in payment of credit card bill that you told at last, you can opt for Auto-debit instead. No manual intervention needed 😎
Ankur, that slight emotional touch, man I have been through this. Loved your video and I came across your video via a advertisement of Uni Card. Man I loved the way you explained in simple way. I am going to subscribe you now. Cheers. I feeling rich from this moment.
Very Helpful video sir ji . Thanks A lot ☺️
Get my money to work for me! BRILLIANT.
This is the best video I have ever watched on your channel. I started thinking in a new direction.
I use rent options for 1% fee
You have so many other option are there you can earn money from your credit card
Great..This video helped me to get rid of the misconception which i had previously about credit card.
It’s been more than 1.5 years since I started working and now I am finally getting a credit card, it’s not a free card but I understand everything you said in the video. I always thought that we should never spend the money that we don’t have!
Thanks for recalling that for me! And thanks for all the information 💯 so ready for my first credit card!
Whenever you spend through credit card, transfer that amount in a separate savings account. Add credit cards as biller for auto payment to this account. Never withdraw money from this SB account. This makes sure
1. You always have the actual money which you spend through credit card
2. You never miss the credit card payment due date and avoid penalties/ late charges.
3. Keep earning interest at saving account rate ~3.5%.
Enjoy 😉
That's a great advice. Thanks!
Or just use cred.
Also can do one thing of you dont have money to pay credit card bill so transfer emi amount to your bank account through paytm and pay your emi but in next emi you have to pay it with your money it is only for taking time to collect money to pay emi i know it charge 4.07% at paytm but it is less than panalty charges
@@hemantmohare7821 That's living off CC money. Not a smart thing to do.
"Whenever you spend through credit card, transfer that amount in a separate savings account" - What do you mean by that @priyajeet ? For fundtransfer, I dont get the option to use CC
Thanks for your circulating idea, I use credit card in online payment when I've already the amount available in savings account so from now I'll use it to invest that particular amount to earn something 👍🏻
Love the intro it's so clean
Great information sir. Worth the sub 💯
Nice video sir. Lounge access at the airport is also one of the benefits which I personally love about owing a credit card!
Ap bill kha se jama krte ho credit card k
Which credit card ??
True, specially in this pandemic situation access to airport lounges through CC was really helpful.
"Credit card is good if you use it in a good manner"
👍👍
amazing sir....what a usefull information you have given....I am thinking, video shouldn't be stopped. thank you so much sir...
I really like the way u elaborate. Good job!
Waiting for this since a lonnnnggg time
Guys we are really working hard so please do check out our channel also check out our videos on tesla,spacex, elon musk ,bitcoin, tata , ford, maggi, indian companies, top 10richest indians , cocacola , top 10 Indian companies
Can’t thank you enough 🙌🏼
You're amazing Ankur 👏
Mind blowing informational video..... 🔥
Hi Ankur ! Ankur here😁😁😁 following you for many years now, first got to know you through Quora, and since then I have been a follower of you everywhere🙏
Thanks a ton
How I wish i had met you in my 20’s 😒 so much to learn !!
The way he told to invest is good?? Which short scheme you invest in.. and how can i have the credit card in collge
@@VarunPratapSingh22 in case your parents use a credit card then an add-on card can be requested in your name (provided your parents approve of you using a credit card). If you get the card then you will become the secondary card holder and the primary will be your parent. The credit card company allows the primary card holder to set a credit limit to the secondary card holder. As and when you use the card make sure repay your parents in full. Also you should keep track of the billing cycle and plan your expenses around it to enjoy the interest free period. Hope this helps!!
@@jnvid1 ok thnk..u which scheme should put money in
@@VarunPratapSingh22 I am not an expert in investment, hence can’t help you here.
Thankyou For This Awareness 🙏
Great ideas you have shared..
Thanks alot sir.. ☺️👍
This is very well made and covered, however required the addition of CC EMI to make it more complete.
Good one. But you missed few points.
For example, once you go for minimum amount due, after that there's no interest free period for fresh transactions. It simply means that they are allowed to charge interest on every new spend, that too at 40% as you said.
Hello Hemant,
As you said after using minimum amount due option , I paid the payment before due date only. It's like I did my payment 100% payment in 4 parts before due date.
Still will I get charged?
@@aayushmewara3793 Lets say statement got generated on 20 July, your total due was Rs.2 lacs, minimum due was 15k and due date was 10 Aug. So now, if u make only 15k payment upto 10 Aug then you will be charged the finance charges(3.5% or whatever your bank mandates) for all the transactions done in the current cycle including the ones did between 21 July and 10 Aug. Also note, the same carries for any cumulative payments between 15k and short of Rs.2lacs. If you make payment less than 15k then you are liable for late penalties etc. However, if you make 2 lacs (i.e. total due) payment in 20 payments of Rs.10k each but before 10 Aug then no charges whatsoever is applicable. This is because many a times there are limitations on payment size. Like my CC bill for one card was 2.17 lac. I cant make that in a single transaction using UPI. So I divided into 3 payments on 3 days. This has no consequence. They will check total payment received on or before due date thats all. Furthermore, some banks will accept cancelled transactions from previous cycle as payment while some dont. That is, last month you bought a phone for 70k and cancelled it later but money was not credited back before statement generation date leading to a bill for 70k. In this case, some banks will accept this 70k re-credit due to cancelled transactions after statement generation as payment while some wont. While others will simply expect you to call and inform them and get things on record (ask them to make such note on your card account to avoid penalties/fines). Hope this comprehensively clears your doubts.
@@aayushmewara3793 In such cases, no charges are applicable.
@@hemantsharma7433 thank you so much for sharing this knowledge and information. It really gave me a better understanding now.
Very well explained...I must say ultra usefull for a credit holder.
Sir I see you as my Financial Mentor..Thanking you from Heart💓
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