How to be LOAN FREE fast & forever 2024 onwards? | Debt Trap Free | AssetYogi Show # 3

How to be debt free? Live a loan free life 2024 onwards. We can get freedom from debt trap by managing our loans and debts better.
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We'll explore 4 strategies to help you manage debts efficiently and identify good and bad loans while taking home loans, car loans, credit card loans, personal loans, and top-up loans according to your wants and needs.
We'll also understand how to Avoid High Interest Rates and Late Payment Charges by managing our finances.
00:00- Introduction
00:42- Strategies to manage Loans & Debts
01:10- How to pay debt fast?
03:02- Which Loans to be repaid first?
04:20- Credit Card Repayment Tips
05:29- Good Loan vs Bad Loan
09:45- Get Cheapest Loans Always
09:57- Top-up Loan
11:05- Loan Refinancing
12:03- Increase EMI vs Loan Tenure
12:46- Maintaining good CIBIL Score
13:52- Credit Utilization Ratio
14:18- Save and Buy
14:59- Outro
About the Video
To achieve a debt-free life from 2024 onward, it's essential to navigate our finances prudently and avoid falling into the loans and debt trap. In an era of easy EMIs, purchasing items with deferred payment options can become burdensome without proper financial management. It involves overseeing credit card bills, handling interest rates, avoiding late payment charges, and more. Effectively managing existing loans is a smart step towards concluding them efficiently.
Opting for EMIs has become a convenient choice in today's scenario, covering various loans such as car loans, home loans, education loans, and top-up loans. Distinguishing between good and bad loans is crucial to avoid financial burdens. While taking EMIs might seem convenient, mismanagement can lead to a debt trap. It's vital to discern between good and bad loans and align them with our specific needs and wants. This strategic approach is key to attaining financial freedom.
In this video, we’ll cover the following concepts:
• How to be Loan free?
• How to manage Debt and Loans?
• What is Good Debt and Bad Debt?
• Debt free kaise ho?
• What to do with high-interest loans?
• Which Loan to Pay off first?
• Loan Free life kaise banaye?
• What are the benefits of Loan Refinancing?
• How to manage multiple Loans?
• How to get cheapest Loan?
• How to pay Debt fast?
• How to get freedom from debt trap?
• Should we increase EMI or Loan Tenure?
• How to take Top-up Loan?
• How to maintain Credit Utilization Ratio?
• What are the effects of Prepayment on CIBIL score?
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Connect with Us
INSTAGRAM - / assetyogi
TWITTER - / assetyogi
FACEBOOK - / assetyogi
LINKEDIN - / mukulm
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Website
assetyogi.com
#loanfree2024 #goodloanvsbadloan #assetyogishow

Пікірлер: 478

  • @AssetYogi
    @AssetYogiАй бұрын

    Join All-In-One Video Finance App here: vidfin.com/ Enjoy Free Access to select Financial Insights & 1st Chapter of all the courses.

  • @Akela_aadmii
    @Akela_aadmii7 ай бұрын

    Sukriya Sirjii... Always explain everything in most simple way..

  • @Dimo23
    @Dimo235 ай бұрын

    Thank you Sir. I truly learned something new today.

  • @pravinpopatkar
    @pravinpopatkar26 күн бұрын

    AY, Finally I got debt free this year. Now 70-80% salary is invested in MF/STOCKS. FINANCIAL INDEPENDENCE journey hence started

  • @AssetYogi

    @AssetYogi

    26 күн бұрын

    Congratulations!

  • @creatorsclub4949
    @creatorsclub49496 ай бұрын

    👍Great and on the point analysis 👌

  • @PradeepSingh-iz6zg
    @PradeepSingh-iz6zg7 ай бұрын

    Nice information, thank you sir🙏 Happy new year sir!

  • @korgaonkar_deepak
    @korgaonkar_deepak7 ай бұрын

    Feb 2024 mein debt free ho jaunga Bc abhi loan nhi lena at age 26 saari salary loan mein hi chli jaati hai NO EMI ONLY SIP ❤

  • @devimiri7148
    @devimiri71484 ай бұрын

    Sir ji aapne bahut mahatvpurna jankari di Thanks ❤❤❤

  • @ajayraval5130
    @ajayraval51306 ай бұрын

    Thank you for covering all loan in one video ❤❤❤

  • @prasann9407
    @prasann94077 ай бұрын

    Ye Topic bahut jaruri tha .

  • @VishxlBhagat
    @VishxlBhagat7 ай бұрын

    Asset Yogi se request hain ki aap value investing ke bare mein video banaye for beginners..

  • @arsalaan8039
    @arsalaan80396 ай бұрын

    Happy New Year Sir🎉🎉🎉. Great video and good strategy information given by you.❤❤❤

  • @ExileCestus
    @ExileCestus7 ай бұрын

    Very helpful advices sir. Thank you so much!

  • @PrabhjotSingh-ku5nv
    @PrabhjotSingh-ku5nv7 ай бұрын

    Sir Ji.. Wish you very Happy New year .. In. Advance.. May your channel and teachings spread more and more in 2024

  • @sameerallset
    @sameerallset6 ай бұрын

    Aaj tak koi loan nahi liya par information gather karna always beneficial thanks for the video

  • @kapilbablani7249
    @kapilbablani72495 ай бұрын

    Amazing Lessons !!!❤

  • @tiger7858
    @tiger78587 ай бұрын

    2:24 which formula is used for home loan?

  • @daymondgyan7456
    @daymondgyan74567 ай бұрын

    Thank you sir

  • @srig31
    @srig317 ай бұрын

    I have a question, will taking more no of credit cards, and using very sensible, does it has impact on credit score

  • @surindergupta
    @surindergupta6 ай бұрын

    Very informative video, thanks.

  • @imrankhan-ym6jn
    @imrankhan-ym6jn6 ай бұрын

    Super video excellent information sir thank you so much

  • @mohdmobin734
    @mohdmobin7347 ай бұрын

    Sir aap itne ache se har baat clear kar dete Ho ki koi question poochne ki gunjaish hi ni rehti. Thanx a lot sir for ur guidence

  • @AssetYogi

    @AssetYogi

    6 ай бұрын

    Thanks a lot

  • @prabuelumalai
    @prabuelumalai6 ай бұрын

    Thank you ji, this video is very informative. Can you make a video about Quantum AI?

  • @Satyamevajayate1103
    @Satyamevajayate11037 ай бұрын

    Nice information.. Thanks sir

  • @anujmalik8496
    @anujmalik84967 ай бұрын

    Good Malik sahab

  • @shubhamsinghal7665
    @shubhamsinghal76656 ай бұрын

    Thankyou sir for such informative video! I just want to add-on one thing that while opting for top-up on home loan, one need to check weighted average rate that they will be paying on total loan.

  • @Goldenbootster811

    @Goldenbootster811

    3 ай бұрын

    Could you please explain a bit please

  • @dhirajgupta5030
    @dhirajgupta50306 ай бұрын

    aap ke samazane ka tarika bahut badiya hai

  • @vaibhavbhatnagar1827
    @vaibhavbhatnagar18273 ай бұрын

    sir you are great teacher thanks

  • @VinayYadav280790
    @VinayYadav2807906 ай бұрын

    Can you make videos on equipment leasing and their process and calculations?

  • @etc3972
    @etc39727 ай бұрын

    Happy new year ❤

  • @umeshd5645
    @umeshd56457 ай бұрын

    Good very useful information thank you sir

  • @luckyjeena638
    @luckyjeena6387 ай бұрын

    Great sir 🙏🙏

  • @Sagar43212
    @Sagar432127 ай бұрын

    Dear sir 🙏. Sir home buying vs renting pe ek video jaroor banayiye

  • @koyabastariya9555
    @koyabastariya95557 ай бұрын

    Thank you for advice..

  • @AssetYogi

    @AssetYogi

    7 ай бұрын

    Always welcome

  • @masterinone
    @masterinone7 ай бұрын

    How much amount we can pay as principal payment on home loan in a single year ?

  • @ankurkonan6246
    @ankurkonan62466 ай бұрын

    sir you make a video on what is trust & what is will

  • @Life_is_beautifulAyuSh
    @Life_is_beautifulAyuSh3 ай бұрын

    Sir, I have questions. Early payment of Home loans and investment in Mutual funds what should be the ratio for both.

  • @kanakpaul6245
    @kanakpaul62457 ай бұрын

    Wish you all happy New year , may god bless you and your family

  • @ravindravyas1066
    @ravindravyas10667 ай бұрын

    Very good and True advice... Thank you Mukul ji❤

  • @yogeshlate4748
    @yogeshlate47486 ай бұрын

    Hats off ❤

  • @ravindragaikwad8608
    @ravindragaikwad86083 ай бұрын

    Thank Sir 👏

  • @user-ny9sr6go1m
    @user-ny9sr6go1m6 ай бұрын

    Is there any app which can suggest how to manage our finance and do financial planning??

  • @rtr1310
    @rtr13105 ай бұрын

    Very helpful video sir ji

  • @pranavshrimali6361
    @pranavshrimali63617 ай бұрын

    Very informative vidoe

  • @pawanfromINDIA
    @pawanfromINDIA6 ай бұрын

    Mr perfectionist ❤

  • @Sagar43212
    @Sagar432127 ай бұрын

    Also thank you sir 🙏 for written chapters 🙏

  • @mukeshmohanta7561
    @mukeshmohanta75617 ай бұрын

    Happy new year sir

  • @bandaruu
    @bandaruu6 ай бұрын

    Hi Sir, Can you share that excel that you were referring in your video.

  • @himanshuvlog3154
    @himanshuvlog31545 ай бұрын

    nice information sir. thanks

  • @ravichand4849
    @ravichand48497 ай бұрын

    Sir, You are really an asset for us.

  • @AssetYogi

    @AssetYogi

    7 ай бұрын

    Thanks a lot!

  • @vinodgujar437
    @vinodgujar4377 ай бұрын

    Mutual fund me utna increment nahi milta he.. so wo bad idea he.. it's better to fill that amt in loan account so interest amt ll reduce faster

  • @vijaysharma-vp2bb
    @vijaysharma-vp2bb6 ай бұрын

    Ek dum sahi bol rahe hai aap

  • @paragwasnik3443
    @paragwasnik34436 ай бұрын

    Happy new year🎉

  • @navpreetsinghchahal1847
    @navpreetsinghchahal18474 ай бұрын

    Hello Sir I like your context every time and use to watch your videos but I have a question If you can please answer that for me. NDTV profit logo in left top corner, Why❓ I think there are many more you want to know why Adani NTDV is flashing on your video.

  • @ravi-singh
    @ravi-singh7 ай бұрын

    Sir mera question hai Maximum kitne loans (Good Loans) le skte h jisse Cibil score pr jyda effect na ho kyuki Kahi suna tha Maximum 3 loan hone chahiye

  • @happyTimesWithShweta
    @happyTimesWithShweta3 ай бұрын

    I have taken a loan on credit card and the emi which is mentioned over there bank deduct that amount plus they also deduct tax on it. so what I need to do

  • @truthoflife4378
    @truthoflife43786 ай бұрын

    Mukul sir i am following you since year 2019 and regularly watching your video, help me out for the debt free easy niw 2024 hope next year i will be dept free.

  • @coolnavjot31
    @coolnavjot317 ай бұрын

    Sir kya bank limit laga sakta hai home loan repayment pe?

  • @Praveennegi26
    @Praveennegi2611 күн бұрын

    आज तक कभी ट्रेडिंग नहीं कि लेकिन सीखना चाहता था,काफी समय से दुविधा में था लेकिन आपके द्वारा दी गयी जानकारी की वजह से बहुत कुछ सीखने को मिला... Thnkuh so much

  • @AssetYogi

    @AssetYogi

    10 күн бұрын

    Thankyou for watching!

  • @basantasadhanjamatia6382
    @basantasadhanjamatia63827 ай бұрын

    Sir ji....pura life kharap hu gaya credit card loan and loan se...ur vedio motivated ... like it

  • @AssetYogi

    @AssetYogi

    7 ай бұрын

    Thankyou!

  • @chandramohansingh5285
    @chandramohansingh52852 ай бұрын

    Thank you Sir for guiding us at every moment of financial planning

  • @AssetYogi

    @AssetYogi

    2 ай бұрын

    Glad

  • @abhijeetkate1005
    @abhijeetkate10057 ай бұрын

    Superb ✨️

  • @goutammajumdervlogs7402
    @goutammajumdervlogs74027 ай бұрын

    Ekdam sehi

  • @indiantraveller194
    @indiantraveller1947 ай бұрын

    बहुत-बहुत धन्यवाद इस जानकारी के लिए आभार व्यक्त करता हूँ प्रणाम स्वीकार करे ❤❤❤❤

  • @AssetYogi

    @AssetYogi

    7 ай бұрын

    🙏

  • @deepakantil4142
    @deepakantil41427 ай бұрын

    I like ur videos sir

  • @AKASHSHARMA1994
    @AKASHSHARMA19945 ай бұрын

    Should I take loan for buying a plot (Land) for long term investment???

  • @nirmalkumarmanojbhainagekar
    @nirmalkumarmanojbhainagekar7 ай бұрын

    Credit card per personal loan mila hai... Per use per igst lag raha hai... Kya karu ??? Principal+(interest+18 igst)=emi

  • @meetbaba5478
    @meetbaba54783 ай бұрын

    Good sir ji ❤

  • @neerajt.5589
    @neerajt.55896 ай бұрын

    Good information

  • @RahimNarwal
    @RahimNarwal18 күн бұрын

    Mein loan or credit card me fasa hua hu meri umar mahaj 24 saal hai or mein ise apne level pr apni khud ki stretegy ke sath clear krunga 1. 2 saal ke ander

  • @fittertechqa4721
    @fittertechqa47216 ай бұрын

    Dear sir new and old regime ka calculator open nahi ho raha please share again

  • @SandeepSuryawanshi-lv2lv
    @SandeepSuryawanshi-lv2lv5 ай бұрын

    Sir grt financial advice but what about contract on mortgages by bank , nbfc in process gulps ur assets .

  • @rahul.cpwd15
    @rahul.cpwd157 ай бұрын

    Sir, ham janana chahte hai ki bank ka loan repayment karne pr kya charge lagta hai aur kab lagta hai?

  • @Facts_k_panne
    @Facts_k_panne6 ай бұрын

    What if personal loan is charging higher interest rate, then what will be the best option to get rid of from it

  • @rajputchandrapalsingh143
    @rajputchandrapalsingh1437 ай бұрын

    Your every video informative sir❤

  • @AssetYogi

    @AssetYogi

    7 ай бұрын

    Thanks a ton

  • @avadheshkumar6752
    @avadheshkumar67523 ай бұрын

    Bahut achhi jaankari.. I m your very old subscriber.

  • @mukeshpatel2703
    @mukeshpatel27037 ай бұрын

    Wish you and your family members Very happy new year 2024 Mukul Yogi ji🎉🌞💐😊 Business loan par koi tip de skte hai kya please 🙏

  • @miteshmanorkar6056
    @miteshmanorkar60563 ай бұрын

    Sir what do you mean by if I settle my loan my cibil will be decreased? I mean is it means if anyone pays their debt before time it will put bad impact on their credit score?

  • @sandeepsolase15
    @sandeepsolase156 ай бұрын

    Foreclosure of loan will effect on cibil ?

  • @anupamawasthi4064
    @anupamawasthi40647 ай бұрын

    Ek kahawat hai jo hamare badon ne kahi hai " Kam khao gam khao " . Wish everyone happy new year 2024 & kam kriye aur paisa save kriye. ❤

  • @rohitchoudhury1
    @rohitchoudhury17 ай бұрын

    You are the most intelligent & wise finance youtuber in India

  • @del9484
    @del94846 ай бұрын

    Lon bank se lene ya NBFC se lene me kya different hai...

  • @girishramchandani1280
    @girishramchandani12806 ай бұрын

    To sum it up 1. Snowballing strategy 2.Reducing bad loan 3. Toppingup low interest loans 4. Save for luxury but forgot one strategy

  • @MrRahulhodage
    @MrRahulhodage7 ай бұрын

    Sir CIBIL score ke report मे गलत लोन दिखा रहा है, जो असल मे है ही नहीं. उसे कैसे ठीक करे.

  • @bhargavnayak999
    @bhargavnayak999Ай бұрын

    Very nicely explain in between good lone and bad loan 😊

  • @RanjitKumar-lm3op
    @RanjitKumar-lm3op7 ай бұрын

    Valuable Inputs on Loans - but can you brief us on the subject matter - if we are talking home loans then how to close those at best possible time. Thanks 🙏

  • @AmitKumar-sx6zf

    @AmitKumar-sx6zf

    7 ай бұрын

    different ways to deal with this, few from my side: 1. Pay 1 extra EMI in every financial year 2. Purchase Equity of the same bank from which loan is taken on regular intervals in 1 financial cycle. 3. Purchase MF based on some research on regular intervals in 1 financial cycle

  • @RanjitKumar-lm3op

    @RanjitKumar-lm3op

    7 ай бұрын

    @@AmitKumar-sx6zf Thank you so much for your valuable suggestions

  • @rishiktube

    @rishiktube

    6 ай бұрын

    @@AmitKumar-sx6zf Equity or MF se loan par to koi farak nahi padega. Jitna extra EMI de denge utna jaldi repayment hoga. Uske baad investment ke options has Equity or MF. Or same bank ke equity se to kuch matlab nahi, jo achcha return de raha hai or safe hai woh le lena.

  • @jodhamuku9922
    @jodhamuku99224 ай бұрын

    Maine good loan liya hai business karne k liye aur aage bhi business k liye hi leta rahunga

  • @siddharthjoshi5906
    @siddharthjoshi5906Ай бұрын

    @assetyogi - if my loan is “X” lakhs and I have “X” amount in my mutual fund then I don’t think it’s a good strategy to close the loan as Mutual funds grow better than loan amount assuming loan interest - 12 % reducing and MF 10 %

  • @imrankhan-ym6jn
    @imrankhan-ym6jn6 ай бұрын

    Please keep it up with your new videos personal loan are home loans debt traps sir

  • @himalayanmind7854
    @himalayanmind78546 ай бұрын

    Emi ko pay karne ki best day kon hota hai in a month.. like first week of month or last week of month?

  • @jeswinjoseph8525
    @jeswinjoseph85255 ай бұрын

    I have a personal loan with L&T finance. They allow prepayment (minimum 25% of the principle amount) only once in six months along with 16% prepayment charges. L&T finance doesn’t let me give few extra EMIs. The 25 % amount of principal amount is huge. Any ways to get over this ?

  • @Akash_Sharma235
    @Akash_Sharma2356 ай бұрын

    Sir lic se maximum loan kis tarah se le sakte hai kam se kam total amount se 85%

  • @shaktisingh7992
    @shaktisingh79926 ай бұрын

    Can we pay more amount i.e means more than EMI in case of Home loan HDFC bank ? If Yes ,how to pay online? If there any penalty to pay More than EMI? plz explain

  • @Himuchimu
    @Himuchimu6 ай бұрын

    Only genius in KZread,hats off

  • @RahulSharma-um1pn
    @RahulSharma-um1pn6 ай бұрын

    Sir in big trouble, cibil score down drastically and no. Of loans increasing. Please help

  • @pavanthorat8324
    @pavanthorat83246 ай бұрын

    Super.

  • @AMITKUMAR-fq3mk
    @AMITKUMAR-fq3mk3 ай бұрын

    Sir one question h... kya hm 1 year m 1ya 2 extra emi pay kr sakte h bank ko...jisse ki time tenure km ho Jaye

  • @user-re7nc2os6u
    @user-re7nc2os6u7 ай бұрын

    Nice sir

  • @ramanyadav108
    @ramanyadav1086 ай бұрын

    Sir kya personal loans ko home loans me convert kar sakte hai

  • @smitachandane107
    @smitachandane1073 ай бұрын

    Sir, अगर मैने ५ साल के लिये personal लोन लिया है और अगर एक साल के बाद अब repay पूरा कर सकती हू तो क्या repay करना सही होगा? मै ३ साल मे रिटायर्ड हो रही हू. प्लीज़ गाइड

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