Surviving on Rs. 70,000 in MUMBAI With ZERO SAVINGS| Fix Your Finance Ep. 65
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Hello guys, welcome to another episode of Fix Your Finance! In today's episode, we meet Shahbaz and Safa, a couple living in Mumbai. Shahbaz is a lawyer and Safa is an aspiring Hair and Makeup artist. In this video we discuss their income, expenses, investments, savings etc. We also discuss how health insurance is extremely important and also talk about investing in Sharia-compliant Mutual Funds.
and much more!
Enjoy :)
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Disclaimer: Neither the guest nor I am a SEBI registered investment advisor. Information shared is only for educational purposes and not investment advice.
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Paying interest on loans out of necessity but can't invest in an instrument that can pay you interest.
This sums up the stupidity of mixing religion and finance.
Agreed.
World runs on debt ....and so someone earns interest.....so they should settle in mars 😂
Nope not the stupidity of mixing religion and finance, but stupidity towards religion as well as finance.
agreed
Stupidity from a personal perspective, good from societal perspective.
He has taken 4 loans already and talk about religious ethics 😂😂😂salute to this guy.
U got him 😅😅😅 100 likes from me 😂😂
Loan nhi bharenge bro default krnge
😂😂😂😂😂😂😂
@@vikashakda9730 When I worked as a loan collector, muslims literally have the religious excuse and we would insult them very strongly to remind them they should have thought about religion before taking loan.
Being muslim I strongly agree you, they should think before taking loan
Who else is here just to read the comments as it’s obvious the comments section will be more interesting than this video ? 😂
😅
So, bank se loan lene and PMAY se subsidy ke time Shariya gaya tel lene...baki time Shariya in the house....Shabaash beta...shabashhh
truee😂
That’s the problem, pick & choose laws according to your advantages & disadvantages
@@rohitsoni9325 😅👍
@@prakharraval yahi chal raha hai aajkal, unfortunately 😐
🤣
2000 grocery expense per month! I'd need tips from this dude cause a gas cylinder itself costs 1000 and it'll last 1.5 to 2 months
He only eats chicken and non veg. Uska poultry ka shop hai
Gas cylinder thodi ata hai Grocery me
Gas cylinder is not included in groceries I think
Pradhanmantri ji…. 9 cylinders kaafi nahi hai. Hume 12 cylinder chahiye !!
They buy everything in credit card bro that’s why as they don’t have any cash left
UCC will solve his problem😊
Nitish aur naidu nahi hone dega😂🤣😂🤣🤣🤣😂😂
230000 ki government scheme mai benefit le liya..aur gyan de rahe hai
Fir bhi bjp ko vote nhi denge 😂
@@dhruv8394lavda zindabad
18:00 Bro asked a logical question and exposed their hipocracy. Such a holy family bought a stressed asset but cares so much about interest income which as per rule " unfairly favours the lender".
Anshumans face towards the camera after hearing 2000...
Vai tumara video dekh kar 2.5la emergency fund save kar liye 3month mein. Keep motivating
Is appearing in YT without hijab Sharia compliant ??😂
hypooocrisy ki bhi seema hoti hai
There’s rules in every religion but not everyone follows every single one of those rules. If they chose to follow one rule and not another, what’s your problem in it? Who asked for your opinion in the first place? If you like it watch it, if you don’t like it, you’ve plenty other videos to watch rather than sitting there making lame comments about someone’s choices! Y’all need to learn to be more tolerant, for which, the first step is to step out of your stupidity.
@@dr.mhumafathima1405: who asked your opinion?
@@dr.mhumafathima1405 it called being a hipocrite.
You have the audacity to call other intolerant and supid when someone is following logicless religous rules as per their need ?
You invest in shariah because its halal but will do other haram stuffs how that makes sense? If you can do one haram thing whats problem with other stuffs or just for purpose of showoff that how religous you're
Also he is getting subsidy so thats a debt interest shows the level of stupidity of some religous people.
@@ShadAZaidi I have read and saw many explanation from muslim scholar.
If you still have some more explanation say it untill that it's logicless.
Anyone who can explain to me why interest shouldn't be charged when there is time value of money & a institution with people working whose salaries hace to be paid only hy profit
I'll take back my word
Edit: Bro deleted his comment like every other person when you ask them for logical explanation 🤣🤣🤣🤣🤣🤣
Waah bete dusro ki property loan pe leke DISTRESSED SALE mein le sakte ho but debt mein believe nahi.
gazab ki hypocrisy hai 🤲
good point
ik its very hard for you to understand logo ke religious beliefs outside your religion but hes just being honest to his religion and trying to do as much as he can to follow it
buying a distressed property is not haram, taking loan is not religiously acceptable lekin 50k 60k kamaane wala aadmi 20 lakh ki property bina loan ke lelega kya? aur rahi baat debt me invest karna thats his religious belief and he can afford to follow it
@@saqlainnn465 bakwas h Sab..English bolna sikh bhi le..rahega parrot hi..Are dharam ki foundation hi pity h..chahe dharam koi bhi ho..jab sympathy hi nhi ...to phir dharam kha h..Acha baat rhi debt Ki...ye debt lene/Dene ka niyam is liye h ..ki log kisi ka galat fayda na uthaye ..Jo Ki mohhmad k time pe uthaya gya hoga...
Aj k context mai ye applicable nhi...
@@BhushanKumar-ll7ck why do you even have a problem with his religion or his personal religion beliefs "dharm ki foundation ye hai... aaj ke time par applicable nhi hai" thats your own personal bias and very much rooted in islamophobia
and rahi baat debt se koi fayda nhi utha ta in todays age the concept of debt is dusre aadmi ki majboori ka fayda uthana, this person doesnt have money i ll give him and he ll return me a bigger amount than he recieved in future? isnt this fayda uthana at its core?
These guys and their family have caused those distressed sales. I can see it.
1). Parents property on distress sale.
2). Brother in law property in distress sale.
That's how they take over localities, drive out other communities. In biology, it is called an infestation.
Exactly. He's an advocate, knows how to use SARFAESI to his benefit.
even money kept in savings account is used by bank for lending then is it not against shariya?
Bhai kahani me logic mat lagao…
logic leaves when religion is involved, i mean any religion
Maksad nhi bhulna hai bhaijan.
Logic dhundna hi maksad hai mera
Shukla tu apna maksad pura karne Aya he ungli karne
What stupid rule is it to not invest in debt?😂
Families applying this rule is still fine but as a country this is how u lose out money... On top of that country gives out contracts to China, US they need to pay interest.. sometimes it's better to upgrade some rules than have a guilt of going against it...
Such a stupid concept of mixing finance with religion. see the situation of turkey.
well, convenience based mixing u can say.zarurat hai toh sab chalega, otherwise shariya zindabad
@@Baldie731 lavda zindabad
Ataturk would cry
Does sharia allow them to take Govt Benefit from Awas Yojana ?
Why these people start talking in english when asked in Hindi.
First of all thank you so much for a video which is related to ground level because I think most of the audience earns around that bracket please keep making videos of such people...!
Just not disrespecting - but pls be capitalist. Don't mix religion in finance. But again it's personal preference. And i am glad you said these things publicly. Sometimes people feel shy to talk all this. God bless.
I am investing 10,000 per month in Aditya Birla PSU fund and 10,000 per month in quant small cap and 10,000 in quant mid cap And 5,000 in icici nifty 50 and 5,000 in parag Parikh FlexiCap and 1 lacks in smallcase (safe haven) and i have invested 2 lakhs in sbi Arbitrage Opportunities fund.
For my son higher education and for short duration only for 1.5 year
Please let me know if it needed any changes...
Maybe instead of debt investment can be done in gold instruments for short term goals
Anybody observed how depressed upset that women is . I feel sorry for their situation.
They will claim all the benefits from govt but will never vote for bjp.
If I give you a little money, then call you ghuspethiya, will you vote for me?
Bhakt logic, tax kya congress ko de rahe hai?😂
@@_nitin_69 balak buddhi logic. I also pay taxes and I hope it’s not wasted on pappus like you.
@@_nitin_69 2bache wale tax de or 6 7bache wale uska fyda le waah re
Just thinking about one point - Got 2nd house which is for his brother, but he pays the EMI. Definitely, son can support his family but the other one is also a son! And son sending money to his parents can't be the same as paying EMI for his brother's house! He has his own family and I think, there is some other clause attached. Else, I am not sure how correct if that to pay EMI for his brother's house.
Both Husband and wife are quite articulate and well spoken and in this day and age I can't imagine how they only make 70K a month. They need to find better opportunities. They should focus in increasing income
only well spoken doesn't matter bro, hard skills do. Plus if you're gonna be this regressive about mixing religion with finance then i am not sure how 'articulate' they are in totality. They've 2 houses on loan and stay in a 3rd house on rent which doenst seem like a 'necessity'. He seems to neither understand the banking env where if the bank gives u 10% then the bank is atleast making 15-20% outta that so they're never under 'loss' or anything. The discussion seems even baseless
Gold ,stocks , bitcoin investing is sharia compliant ..... You may try these instrument instead of investing in debt instrument .
Great video man. the way you were so patient and eager to actually fix there finances is great. keep going.
ye saare comments to interest leke baith gaye hai. atleast he is honest and courageous to come on show and speak things transparently. And people who are saying don't mix religion and finance they themselves do tons of things by mixing religion into everything even in finance, only difference is how he is mixing that is unusual.
Never seen Anshuman being put in such an awkward situation.
Loan bhi lena hai. Paise bhi nahi kamane. Savings bhi chaiye.
Seemed like this vid was cut short due to the stupidity of the couple.
Sorry Anshuman.
😂😂😂😂😂
This is first video where comment section is more interesting than video..they said 2000 as just people living then he said when is father visits he brings 10 kg chicken😮..bhai 10 kg chicken ka ek sath banake 2 log kitne din khate ho...he bought another house just because getting at cheaper rate..but was that house purchase necessary
10 kg jinda rakhta hoga room me ya phr Fridge m rakhta hoga
Does sharia law allow her to stay without Burkha ?
Just advice for that nice couple.
SGB (sovereign gold bond) will be good for you.
Gold price will appreciate over a long term
Tax free if hold till maturity
You will get 2.5% annual rent on that
Much safe (backed by RBI)
Even if you have to sell.. You can sell it in the secondary market, and you will get an indexation benefit.
That debt thing was so dumb..
Absolutely
did he just say thanks for inviting me to your show 😂
😂
Bhaut hi bekaar logic dia hai is couple ne for debt investment 😂
In logon se logic ki umeed kar rahe ho aap 😅
Relax guyes. We all try to follow our rituals and rules as much as possible but end up ignoring some them. He also has just started his career he'll slowly learn interest dena or lena dono hi could be god sign to save his boat from sinking 😅
As a Muslim i can tell you , you guys have customised the religion as per your need . If you wanted to stay sharia complaint then you should have saved money to buy the 2 houses versus taking a loan. The loan you took from banks , the bank itself invests in many companies like alcohol, pharma other banks etc . Even doing make up on face is not allowed if you follow sharia but your wife does it to herself and others , so you either follow complete sharia or you don't follow any . You are paying interest to the bank but you don't want any. Even religion has a certain set of rules made by people of earlier days which are outdated today . So it's better for everyone irrespective of your faith to change with time . I have neighbours who are marwadi who at home cover their faces and head as per old tradition but I have friends at my college who are marwadi who don't cover .I am not judging any , it's their choice but Every one needs to move ahead with time and change or else we will be left back. Coming to the investment advice I think what was suggested in the video just invest in mutual funds probably index funds for you since you do not like the volatility of the stocks. The return you make on mutual funds is not INTEREST it's simply ROI ,just like how you make profit by selling goods .
Investment in mutual funds is a simple way to make money , you just need to stay patient.
I agree with you
Before taking loan they should have thought about paying interest is haram after taking loan they don't have any option left.
Guys - comments are too insensitive towards their religion. It is their life and their choices. It may be right or may not be. But we have no right to movk their decisions.
They are exposing their hypocrisy sickular
That uneasy energy is so apparent from first word while discussing normal things which Anshuman discuss with other couples without hesitation..
Ideally bro you should refund back the credit of Rs 2,30,000 to govt if you follow so religiously....
Agar kisi ko 10000 doh toh next year woh 10600 ho jata hai as per inflation and he is telling 10000 hi lenge bewakoof hai..
In Islam taking interest & giving interest both are forbiden . .....
You will find the Sharia funds, I deal with funds for Indonesia and Malaysia which are Shariah approved (bonds and MFs) the basic idea is income sharing rather than Intrest.
Hey Anshuman! love your content always. Can you please make some content around 'how students can pay off their education loans based on salaries' ?
2k grocery, i think they eat air and drink water.
at least not in mumbai😂
Bhai Hindi mein baat kar leta, pata hai tu lawyer hai 😅
Bhai aaj tumharae liye sari respect khatam ho gyi.... 😑😑😑
Yaha bhi hindu muslim nonsense shuru ho gya....
Sharia me to ye bhi likha hai women ko burka pehenna chahiye..... Usko bhi follow karo bhai...
inka Shariya follow karne ka tarika thoda kazual hai...😅
Nahi bhai... Pehle mai bhi tumhare jaise sochta tha... Phir Maine aik baar aise hi Sharia rules search karke padhne laga... 15/20 Websites aur articles padhne ke baad mujhe bhi wo rules achche lagne Lage hai... You should try reading it
@@akshayrathod412read bhagwat geeta too and he could not mix Sharia law with our constitution this is not a Muslim country it is a secular country and Sharia say he cannot get interst why he is having a saving account in bank and took loan
Tune kabhi Geeta padhi he jo dusro ko advice de raha he @@akshayrathod412
We need this kind of videos
I don't understand how can u suggest shariah based mutual funds for emergency funds?? The only option they have is gold, either ETF or bars
How do I claim this PM Awaas Yojana scheme money? what are the process I can take? as bank isn't helping us on this. plz help...
@anshuman Should have suggested arbitrage funds to them... Since they are not interest bearing but give low volatile fixed kinda returns
What an Interesting Take On Investment ..Lovely Couple ...Best Wishes.
What is Sharia Mutual Fund? How can there be any investment which is 100% compliant.. Let's say One mutual fund has asset allocation in google, a very ethical company, in the backend google is earning a fair share of revenue from porn traffic. Indirectly investor is reaping profits which company maid from porn. Sharia mutual fund is as flawed as this guy's financial mismanagement. Basic Health insurance & term insurance is the first investment one has to make before taking loans for properties!!
😂😂😂 logic goes out of windows in case of religious beliefs
You are expecting too much from them 😂
Itna logic nahi lagaate bhai ye log😂
These funds invest Sharia compliment stocks only.
Nse has Nifty50 Shariah index.
I m not a Islamic scholar or financial expert but as per my knowledge if porn websites contribute more then 5% in Google total revenue then it's stock is not halal.
It's a gimmick to attract investment
Nippon India nifty shariah BEes .
Any else caught Anshuman saying thankyou so so much for inviting me to your show instead of home. 😅
Thanks for making this video and addressing the concerns of people who don’t believe in debt interest. Much appreciated! We need to learn about more options for investing that are not necessarily interest dependent.
Gold ,stocks , bitcoin investing is sharia compliant ..... You may try these instrument instead of investing in debt instrument .
Bhai. It's not Bombay. This is not Gujarat.
Bahut badhiya ❤
Despite his substandard English skills, the husband persists in speaking the language. I find it perplexing that most guests on the show opt to answer questions asked in Hindi in English. Does this suggest that those who communicate in Hindi are considered insignificant? If the husband were to focus on refining his skill,he could potentially earn significantly more than his current income. It's a common perception that lawyers are quite wealthy.
She will divorce him soon
Why!?
Never say anything negative to others
তালাক তালাক তালাক😂
I know someone like her in same profession who is looking for old men with bank balance 😂😂😂
She has to go through halala process to get divorce
Lots of islamaphobe people in this comment section. Guys first learn & read about finance in islam before commenting ignorantly.
Let me be clear:
1. Islam prohibits taking or giving interest. Because interest is a mechanism that makes rich richer & poor poorer. Poor & middle class people commits suicide under the burder of debt.
2. In ideal world where is there no interest, there won't be a concept of inflation, foods will be affordable, housing will be affordable. Thus no interest will benefit the society as a whole, whereas interest only benefits rich.
3. The guy in the video is hypocrite, taking 2 loans in not a necessity. He just broke the rule & took advantage. The word 'necessity' is used to suppress his guilt/sin. Don't judge islam by his hyporicy. Islam is clear, he's not. May Allah guide him & others.
But then how will Muslims beat inflation? & How will someone purchase a house if they didn't take a loan?
@@anweshamandal6058 that's a great question. We are only to avoid interest related investment. This is what I do to beat inflation:
1. Invest in business (equity). Stock market at an average gives 12-15 CAGR that decimate inflation by margins. Islam encourage people to learn. The very first word of Quran is 'iqra' means read or research. If you can't spend time in learning about equity business then invest in mutual fund (shariah complaint).
2. Upskill yourself, work hard & increase your income, get high paying job - you'll easily beat inflation if you get 10% hike per year & 30-50% increment in company switch every 3 years.
3. One can buy real estate through REITs, for regular income. REITs provide above inflation income.
There are many ways to beat inflation without involving interest. My portfolio earns 18-20 cagr, because unlike the guy in the video neither I'm hypocrite nor I'm lazy to not learn/upskill about equity & investment. We all should have multiple source of income.
Unboxing kab hai?
May be we'll don't need to learn this bullshit.
@anshuman Sharma the guest is confused about islamic intrest rule. In islam is not allowed to take loan or give money for intrest but a muslim can invest in stock market, bussiness , gold etc as invest . Because value of items can go up and down so it would count in investment which is allowed in islam. Yes the bank intrest in not allowed in form of saving / loan
hey bro, a question here: If thats so, how do you/these guys follow bank interest rule? Its automatically gets credited to our bank accounts
@@ShadAZaidi and bought a stressed assest when the one selling is needy ?
Shariah simplified two rule is :
1) I'm having benefit means everything is correct
2) Oh someone else is earning from me that's against shariah won't let them do
Won't believe put that in every personal, financial, religous rule you have
@@ShadAZaidi Say its logicless and stupid but you follow it because of religous reason.
If the rule is like that then why he took loan and PMAY subsidy and also bought a stressed and then you're defending it by saying you donate it to poor people.
Rule is one thing and the underline meaning is purely for hipocritic advantage.
Tata Ethical mutual fund - Shariah compliance mutual fund
Nippon India nifty ETF shariah BEes ..
Thank you so much for inviting me to your show😂
Guys... Stop mentioning non sense things. Everyone is going through their own strugles everyday. Let them be. They look so happy together 🎉
Ajeeb BKL hai dono ...........
Shi khaaa😂🤣
Hahahahaa padh lenge Bhai apka comment wo
Phli bat to advocate ki itni value nhi h, agar wo clat wagairh deke nhi kiya ho to itni salary ho kaise skti h
Bcoz Here advocate earn 10k to 15k per month as graduate people earn
15k in rent is like 50% cheaper for that price
Area*
Why is he speaking in english when anshuman is asking questions in Hindi?
Brother in law hoke bhi rent late hai?
😂
Uski item le gya to rent to lega hi na
@@Sabsebadepapa Uski behen naa?
@@rushidesai2836 so why should he give for free?
Let's say he has taken loan on this home instead of his sister If he had given to someone else he would have easily got part of EMI correct?
The rent is discounted I don't think you l get 15k for 1 bhk in Mumbai
@suhasvarna2463, you can fine it just you need to know how to search for that
In goregaon it to expensive but still we found 13k for 1bhk with other festivities also
Buy gold coin s investment
right, gold coins/biscuits/ best, safest investment tool.
70000 bohot hote hai chahe mumbai ho ya banglore whatever
Aapke liye bohot honge.
70k definitely not good enough for Mumbai.
no it's not, meagre amount even for a tier 2 city let alone Mumbai
70k for 2 people
kahan rehte ho bhai😂
I don't understand how you can take debt but not invest in debt
What double standards 😑
Necessity...hehhehe
Sharia...yesyesyes
free electricty gas affordable housing etc provided by govt *le muslims "hum first hum first"
bank: we will give you loan but charge 9% interest
"sorry our sharia doesnt allow give and take interest"
What nonsense shariya logic 😂😂😂 the whole runs on debt .... and so someone is earning interest.... They should settle to different galaxy
₹100/kg. What rice do you eat bro.
Basmati aur some other rice it does start with 100/kg in Mumbai.
How do they survive by spending only 2000 for food. When I was working in Bombay 26 years ago, I used to spent more than 600 for food itself . Back then my salary was around 4000.
he said his father owns chicken poultry and gives them 15kg chicken every time
Good Video😀
Mechanical engineers making 10k per month
It people making 15k per month
Dude Rs 2000 for Groceries per month...😂😂😂 Need to take gyan from this little dude.
This is what religion fanaticism do to you.. ..If he is not progressin in life and also not letting his wife progress.. Its all beacuse of their mentality.
I wonder the religion of person from whom they purchased the property
For them arbitrage fund is a better option..if not debt.. right.
chicken of 10-15 kg 😢 😞😞. Bechare animals 😣 People enjoy to eat them…. animals don’t have any right to live their life on earth.
Itna chicken fridge mei fit kaise hota hoga
Gas , electricity??
What's the advantage of PMAY?
He starting me Kya music tha tumlog ka Anshuman … it’s bad don’t put it
Nahi bhai mujhe to acha laga
What about Apollo hospital and Fortis hospital share..
Most uneasy conversation ever, idk at the end, Anshuman himself was like thank you so much for inviting me to your show, dammm
Bhai kya logic hai bande ka ... loan le sakte ho, pradhan mantri awas yojan le sakte ho lekin debt nii.
Sab ulta hai inka. Bank main paisa vi math rakho. Bank majn salary account vi math kholo
Please share the income and expenses spreadsheet
Rs 2000 food expenses that too in Mumbai!! My 3 member family grocery bill runs upto 4k monthly. Hat's off to their discipline lifestyle.
Not worth watching Anshuman.
Thoughts on tata power share
Slow growth
Bhai ye to mtlb ekdm hi unpadh logo ki baat ho gai.... while taking benefit of PMAY Sharia law gaya tel lene meko subsidy chahiye, and when banks are giving you interest on your own money USS time pe Sharia law... logic ko follow kar Sharia vgere sab ch√t!y@ banane ke dhande hai
10 - 15 kg chicken 😱
Life is on EMI
Gulaq(Money Bank) is the best option for this couple to save money 💰 🤑
Left mumbai😅great rents
Tata Ethical Direct Mutual Funds
Taurus Ethical Funds
Hi met you other day near EGL Dell