I just dropped my decision to buy a MacBook Air on EMI which was supposed to consume 3/4 of my salary every month after watching this video 😊

@madrasrider

3 ай бұрын

Good decision

@soumendash3911

3 ай бұрын

Nice descision bro another thing which i felt is if we are getting things in emi then its out of our league

@shri2947

2 ай бұрын

Invest in gold monthly with that money. Definitely you'll get Mac without loan

@abhayrohit

Ай бұрын

uou should buy it even if it takes 100% of salery for few months if it guarantees an increase in productivity, i sacrificed 4 months of my salary to get my work desk ready cost me around 5.5Lakhs

@rohan_3128

Ай бұрын

​@@abhayrohityeah but you can get a notebook with Windows on a lower price than MacBook which will still perform at a faster level

What gold this series is. Plz dont stop

The only debt I will ever take is home and business loan. Education loan only if its absolutely necessary. Rest all are traps to make you consume more.

@sarthaksharma3168

4 ай бұрын

Full agree with you brother.

@animefurya2z

4 ай бұрын

Don't take these as well. Stay away from all kinds of loans.

@ManasaReddy-oy9ey

4 ай бұрын

Home loan is the biggest trap ever

@njexictfan

4 ай бұрын

@@ManasaReddy-oy9ey it's impossible to buy property without loan for middle class in India. And when you take a loan, banks do the due diligence of property. Thus you are assured that you won't get in any troubles in future.

@njexictfan

4 ай бұрын

@@animefurya2z absolutely not, watch the video. All loans are not bad.

This is what we should call real influencing! Pure quality content.

I can relate this whole video. before 2020 I didn't have any credit card but soon I got one I fall in the emis trap. currently I have 4 credit cards and I almost used all of them for different purchases. After getting job in 2021 I took a Personal Loan, a RE Bike, an iPhone , couple of other mobiles , a Personal computer worth around 1.5L, a Tab, some headphones, and some other stuffs and all of them are on EMI I was at the same stage where my monthly emis were more than my monthly salary and currently it around 80% of my salary and have to pay those emi for coming 2-3 years as well. With almost zero savings or emergency funds. And because of all those emis I am unable to buy a house for coming few 3-4 years or more which could be a good debt or build an asset in my life instead of paying for consuming product for 4-5 years which value will be zero in future. So now I learned the biggest lesson firstly sort out the good debt and bad debt and never cross the emi 30% of your salary. This video is virtual representation of debt trap and how you could save yourself for it. Thanks.

@Zero1byZerodha

2 ай бұрын

Wow.. So glad that you are coming out of the mess.. All the best for your future plans :)

I am a debt free person, own a credit card for last 7 years only one , always spend money by that card only and always pay full before due date , never ever paid any charges or interest on it.....I never buy the things on No Cost EMI , I never buy the things which I don't need and whatever I need I buy those with full payment......😅😅😅 I think I am financially responsible and Diciplined

@tradepandey420

3 ай бұрын

What is your credit score

@sabarna90

3 ай бұрын

Very High @@tradepandey420

@shri2947

2 ай бұрын

No. Because the plastic card gives you shopping habit which you didn't had. Probably you'll be buying expensive fuels and medicine, Groceries and movie tickets using cxc. When you buy things with real cash, it hurts and the consciousness tells you that if you're over shopping and not to visit the Dept store again since it's costlier than local market wholesale shop.

Bro, I came out from this but the debt is done by my father and I took that pain and cleared everything...

@sriraghavaperuri1086

4 ай бұрын

You are a Hero bro❤.

@anootoshsarkar686

3 ай бұрын

You are the chosen one bro, Great job. It's not at all easy, speaking from my personal experience. But thankfully, there were no minimum amt. trap those days otherwise my dad and I both would have cracked 😅

@swapnilbakshi5317

3 ай бұрын

I am still doing the same thing but I have a long way to go still. till 2027.

I recently came across this series and it's a gold mine. Actual financial education. Superb series. Please don't stop making this series.

This is pure gold. Thank you for talking about debt. This is a must watch for everyone entering the corporate world and start earning thier first paycheck. I would have loved to hear about ways to get out of high debt and debt spiral. Debt snowball, consolidation etc.

@Zero1byZerodha

4 ай бұрын

Thanks for your love 🤗

Abhishek is Perfect Representation of What Real Youth is Doing and it Feels so Naturally Connected. Awesome Performance Pratik and Abhishek + Hidden Zer01 Team. 🙏🏻😊

@Zero1byZerodha

4 ай бұрын

Thank you so much for your love and support ❤

This is the real education we needed.

Great that you're using more English now and less Hindi. When you started you had the same, then gradually Hindi increased, now it's back to normal. Great content needs to be seen by all.

I don't have debt. And nor does my family. (Even though we're going through a particularly tough time.) I don't want to downplay the need for loans by the underprivileged. We try to live within our means and avoid a lot of unnecessary materialistic things. We pay our credit cards in full and don't do EMIs. EMIs make you think that you can afford a lot more than you actually can, but like you said, people don't sit around calculating in Excel sheets. And also, like you said, every stakeholder in this has made it so that you end up buying impulsively with ease.

You guys are doing a fabulous job providing basic financial education. Kudos! 👏 Keep going and educate us more

I love this series..thanks for the efforts guys 😁

I've watching your series quite some time. It's great. Keep doing the good work

@Zero1byZerodha

4 ай бұрын

Thank you so much ❤Stay tuned!

These two are real good at their performance and ofcourse very useful content.

The way you make videos is just amazing. Love you guys. And pratik i am watching you from a long time and you are a great man ♥️. Please continue to make good videos like this

Very informative and useful video. Thank you very much.

I am two a few months away from completing my graduation and am planning to get into a job and self-finance my career and life decisions ahead this 13-minute video, gave me a check on how to now screw my plan and be wise in making financial decisions. Thank You

Like the explanation and these series❤❤

This is fabulous work!!

absolutely amazing video!!😍

because of this series i am subscribing to zero1 otherwise i dont wanted to subscribe, keep this up

Set bht bht pasand aaya , new ways to be in class❤❤❤ just one sentence - Dont stop keep going on

This is just peak level of content with very High quality of production ❤ loved it

@Zero1byZerodha

4 ай бұрын

Thank you Prathemesh! :)

I have zero debt. Love this type of content.

It was so nice that I actually started doing my calculations of debt and income...

@25manishsingh

4 ай бұрын

And?

Love your content!

The only video had fun learning finance. I myself went into trouble not knowing about emergencies. Being young, you always plan. And life can never be predicted.

Good presentation. Useful content.

I loved how you explained the physiology

@Zero1byZerodha

4 ай бұрын

Thank you :)

The production quality is too good 💯

You should also make a video on Debt management. Like now Abhishek goes back home goes through his financials and see he has tons of debt and now he wants your help to get out of it. And how he can make use of debt to his advantage...

Loved the video, narrative, set, knowledge (especially for GenZ) of today’s! :) ❤

Most underrated channel i would say Well said 🤌🤍

Amazing video amazing editing.

Nice one to watch! Serious topic explained with humor.

@Zero1byZerodha

4 ай бұрын

Entertained & educated? mission accomplished 😉

Well I like to call it Debt Loop. And it's really annoying to have one! Btw great piece of content production, scripting and everything 💌

Bhai you connect me instantly .Thanks for this video

One of the best financial channel till date, love you guys❤

Thanks for the info it was really useful!

Thank you very much sir please keep going on ❤

Very Nice. Must for Present generation to watch

2:17 boss giving hints to employee 😅😅

@Zero1byZerodha

2 ай бұрын

😂

this is whtat we should learn in school!! amazing!!

Amazing talk on debt spiral! Inspiring..

@Zero1byZerodha

4 ай бұрын

Thank you :)

Outstanding Learning Videos...

ITS ACTUALLY GOOOOOD

No debt so far, kudo to editors and set making people who are putting their best.

@Zero1byZerodha

4 ай бұрын

Thank you 🙌

Great learning..

Make a comprehensive video on what is an edge in trading and how do you find one...Also cover the importance of positive expectancy for any particular trading system

Sooo entertaining .. pls continue this series

Top Notch Series Especially The Explaination,Narration & Editing… Acting as well 😂❤ btw I don’t have any debt.

I just bought a used x280 thinkpad a month ago for 16k, which sold for almost a 1Lac at launch. Works just as good.

@abhi8178

Ай бұрын

How did you ensure the quality? I wanna buy a good used laptop but I'm worried about the quality. What if it is abused by previous owner? What if it gets display or motherboard issues?

@pamus6242

Ай бұрын

@@abhi8178 I know a lot of retailers and they are scared too if things fail. They make sure things do not fail. ThinkPad is ThinkPad and is not like other laptops. They are unique. Also I'm a tech and ThinkPad junkie. So i know more about ThinkPads than anyone else! Hold my beer....

amazing presentation

I don't have any debt , but planning to take some debt to start a business 🔥😃

Definitely liked the acting. Keep it up!!

Humans need to assign a value to something, to tell themselves that life is not meaningless. Except maybe life is. This hit hard.

You guys are awesome. Would love to make videos like your.

Loved everything about it .Dropping a comment like this for the first time and Im so glad and happy that this is on youtube,a very beautifully crafted content. Loved everything about the video production ,the sound design, the animation (literally everything about it ) . The team which is working on this series , kudos to you all. Thank you for making such content. Would love to watch it and learn from it till I die .😀 and sorry for my nad english. 🤣

@Zero1byZerodha

3 ай бұрын

Vikas, thank you for your message! This really made team Zero1’s day. Thank for for all the love and encouragement ❤️

So informative, specially around the Debt to income ratio. Thanks Team Zerodha

Love the series. Can you do one episode on the mentality of taking loan to invest ("because the math worksout")

@Zero1byZerodha

4 ай бұрын

This is a genius comment. Got it, we’ll try to do this, probably not an entire episode but somewhere as a short for sure :)

Love the content. Keep up the good work. No dept ✌️

@Zero1byZerodha

4 ай бұрын

Glad to hear that! :)

Nicely Done...

Good one 👏

❤️❤️❤️very quality video

great video guys.. liked that a lot.. but till now I have taken only 2 small no cost EMIs .. as of now I don't have any debt.. may be will buy a "depriciating asset"/car for my parents.

Please make more content on good n bad debt.

Bro😮 what a fantastic communication skills

This is brilliant.....keep it up guys

@Zero1byZerodha

4 ай бұрын

Thanks for the love ❤️

Awesome Video sir. Thankus

I am a debt free person and having multiple credit card. utilising all credit cards in better way to get more benefit form it.

In today people are buying Apple products as Symbol of status or as Status anxiety.. Some eye open facts are here in this video... Like this video and this channel .. My phychology is same as prateek but I have not clear ideas to define it... Thanks to give clear ideas to define..🌹

love you prateek bhai, so amazing, sply that checklist.

@Zero1byZerodha

4 ай бұрын

Thanks :)

Currently I don't have any debt but working on my startup so I am thinking of taking loan against shares in my demat account.

I have only 1 monthly EMI. That is my home loan. It is currently at 14% of my monthly salary (house is under construction) With no increments (assuming), it will increase to 30% when I get the possession next year. (A bit less if interest rates reduce by then) This means, if I want to upgrade my car, I need a big raise before I can do that.

Really amazed with the content and coverage, and also, in spite of being from zerodha, there is no promotion so far. Loved it.

@Zero1byZerodha

4 ай бұрын

We are an agenda-less media channel. We will never advertise or promote. I think this is our superpower :)

Informative Content🥰

Talking about Spiral... Spend on CC, take personal loan to clear then spend on CC again because limit to bohot bachi hai.

This video is made for me.

You got a subscriber ❤

@Zero1byZerodha

4 ай бұрын

Thank you ❤️

hey great initiative for finance understanding. I m studying for ca and this real life knowledge enhances the abilities. few doubts. 1) if I pay emi on credit does it is bad ? I have the money to buy the product but converted into emi and use credit card to pay for the reward. credit card is on auto debit mode. 2) does the credit rating goes down if u have don't use credit for some period eg. 2 to 3 months where the credit card is firstly life time free card and second a paid card?

Another big problem with the attitude of "abhi 60% hai sir, increment k baad 30% ho jayega" is that after the increment 30% ho gaya but you will want to buy something new and be back at 60%.

Set pasand aya 👌

Love that you people dropped Hinglish 👌

@Zero1byZerodha

4 ай бұрын

Yes made a conscious choice and went with one single language and subtitles. Thank you for appreciating, means the world to us.

I don't have any debt and I think I need to have some good debt for crucial purchases like a house

Amazing...

Bestest video ever sir. Mja hi aa gya🔥

@Zero1byZerodha

4 ай бұрын

Thanks man 😇

great videos!

@Zero1byZerodha

4 ай бұрын

Glad you like them!

good work on video buddy

@Zero1byZerodha

4 ай бұрын

Thank you 🙌

I started SIP for car and a house, then in future planning to buy them on EMI and that I will pay with SWP.

Abhishek definitely deserves the increment after this episode!

@Zero1byZerodha

3 ай бұрын

I’ll think about it 🧐

I started watching this video because of the name Zerodha attached to it and sure did not disappoint, looking forward to more videos from the series👏

Awesome

Education and Parody 😂. Superb performance 👏.

I just make sure my DTI ratio is under 35%. It is typically around 20-25%

I have credit card debt which is 25% of salary - I do most of my expenses on credit.

Debt spiral - Been there. Wouldn't wish it on anyone.

Reality hits when you cross 28 and approach 30, all those care free mind that you had before will vanish, your parents would start getting old and medical bills start piling up, you would've or would get marry, have kids, buy a car on EMI, buy a house or a plot of EMI, life suddenly turns on its head and when you realize what actually happened, you'll be in deep shit