Money Matters is a series where I have conversations with normal people such as you and I, on your personal finance issues. It is important to note that I am NOT a financial expert, I am NOT SEBI registered, and I am NOT qualified to give financial advice. Everything that I say in these videos is purely through my own experiences. - So these videos do not offer any stock tips, or specific mutual fund recommendations or get-rich-quick schemes. - I am not selling any product or service through these videos. - None of the brands that I mention in these videos have paid me to mention them, unless I explicitly say so (and I will say if the video is sponsored). This also means that my advice may not always be the right advice. So incase I make a mistake, the best way to correct me will be to share your point of view in the comments, so that everyone can benefit from it. I am not perfect, nor claiming to be either and would love to learn and grow. The idea is simply to help people with their finance journey and through their story try to help others who may have a similar story. If you wish to be part of this series, please fill up this form forms.gle/uj9JPUBp8Wo9nZQi7 Buy my new book 'MAKE EPIC MONEY' here: www.makeepicmoney.com/ My Money Apps: bit.ly/3Zg56eR Start your own business: bigrock-in.sjv.io/6eZ1KK My bestselling books: ‘GET EPIC SHIT DONE’: ankurwarikoo.com/getepicshitdone ‘Do Epic Shit’: ankurwarikoo.com/doepicshit My gear for shooting this video: 🎥 Sony a7III camera: bit.ly/3M42wAV 🎬 Sony FE 24-70 f2.8 Lens: bit.ly/3KCCiF0 🎙 Shure SM7B Microphone: bit.ly/3O1NAVA 🔆 Fill Light 60W: bit.ly/37aJolP 💡 Key Light 150W: bit.ly/3O9nyjs 📽 Benro IT15 Tripod for Sony a7III camera: bit.ly/3O4PvJ1 Useful links: 20 books for your 20s: bit.ly/WarikooBooks 20 online courses for your 20s: bit.ly/WarikooOnlineCourses Gadgets that I use: bit.ly/WarikooGadgets The above links are on Amazon. If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L and in 2022 we contributed 53L.

@tpbnews24

29 күн бұрын

I am earning 10000 and had taken 75000 loan there is emi is 3000 per month Its had become in my fault. I am alone to run my family so I can not save money . Please guide me

@gorakrisnabhog6516

29 күн бұрын

Aapke Hisar se Garibaldi Kaun hai

@AkasaRC390

29 күн бұрын

Kool

@TeaBreakKitchen

29 күн бұрын

Sir What if Vivek took Top-up loan from home loan low interest rate compared to personal loan to pre-pay credit-card overdue with any other loan?

@all4u558

29 күн бұрын

Sir I need a financial advice can you give me some time to discuss. Please

In 40 min he just sorted out his life. Makes a lot of sense Good suggestions

Even he is earning very good money, he was trapped in this debt trap… that’s why schools should introduce personal finance courses at the earliest age

@sourabhsingh7489

28 күн бұрын

Agreed

@amartyabhattasali896

27 күн бұрын

Agree

@pallavik1678

25 күн бұрын

Nowadays schools will only suck money from parents. Why do they even think of teaching kids on personal finance

@satishpatil41

24 күн бұрын

Every benglore same

@sohilparikh32

23 күн бұрын

Imagine kid going back home with finance knowlege ask his/her parent, please send me to local schook and invest remaining amount in SIP, after 20 years my monthly payout will be equal to salary of iitian😂

I would say, close credit card before emergency fund itself. Its more than 36% interest.

@Silenceisnotgolden

28 күн бұрын

Exactly. It should be pretty obvious for anybody with common sense.

@yeswantmanivannan4220

25 күн бұрын

Same here

@creativemind8600

20 күн бұрын

Yes. Correct

@saranyabalasubramaniam9645

19 күн бұрын

While that is correct the person said he has zero in bank as of now, so the logic was to pay off the small things that can be closed in full first so that the amounts going for that will stop and then the person can start aiming for bigger things to close! You don’t want to pay 1.30L for cc and still continue to pay cc, and 2 emis 🤷‍♀️

@jainabhishek8

18 күн бұрын

I would advise to keep home loan emi constant as it's a cheap loan. Invest the extra amount in equity

He is a genius in taking loans after earning more than 2lakh salary!!

@Raghav6985

28 күн бұрын

Trapped.

@deepakpal3972

22 күн бұрын

😂😂😂

@RoshIdeations

22 күн бұрын

Loan kiya nai jaata, ho jaata hai, just like pyar!... Just that one learns only from their mistakes.

@DEEPANJANBISWAS

14 күн бұрын

Genius!! Hope u are being sarcastic. 😅

@Onemillion2024

14 күн бұрын

Bhai Mera salary 12k hi haii😂😂 agale sal crore pati banunga😂😂

Ankur's questions: 😃 Guest's answers : 🗿

@manojmuralidharan8571

25 күн бұрын

Let's give some empathy to the guy, He was tensed plus worried about speaking about his mistakes 😊.

I am senior citizen who is retired . It is a delight for me to watch your videos. There is great clarity of thought and sense of purpose. I am sure many who are watching the video will take follow up actions taking stock of their financial situation and chart a new way ahead. The earlier generation did not have the advantage of technology or financial information but what helped many from financial ruin is that they did not have access to easy credit !

Most people miss it but the secret to living and retiring comfortably and without debts is finding a way to make returns while your money works for you. My Dad, as i remember started saving for retirement quite late but I know he was making more than 10k returns from his investments monthly and it was completely passive.

@Deitricklaverne

27 күн бұрын

the problem is that most don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.

@V.stones

27 күн бұрын

It's crucial for individuals to diversify their portfolios, seek professional financial advice, and stay informed about market trends to navigate these challenges effectively.

@V.stones

27 күн бұрын

Tax planning is also crucial for optimizing investment returns. If not planned well, taxes can eat into your gains and significantly affect your portfolio growth.

@V.stones

27 күн бұрын

Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,

@camela8445

27 күн бұрын

This is amazing, I'm curious, how did he do it? Was it real estate? Or he was a market enthusiastic?

The birth of his children served as a catalyst for him to initiate a more structured financial plan, signaling a positive shift towards considering the future. Despite initial apprehension about impending fatherhood, your encouragement provided him with hope and reassurance😊. It's understandable that as we begin to earn, we also seek moments to enjoy life.

3 lac salary vale v paisa manage nhi kr pa rhe hum....30k mein hwa mein ghumte hai haha

@abhishekbhardwaj6507

29 күн бұрын

Paisa jinna aaajawe Katt e haiga 😂😂😂😂

"Ankur, your wisdom has transformed my life! After watching your videos, reading your books, and diligently applying the Power of 72 principle, I've achieved what seemed impossible. From nothing to 25 Lakhs in just 2 years, all thanks to your invaluable insights. You've proven that true wealth isn't just about money, but the knowledge and mindset to make it grow. Forever grateful!"

@daily-dose3669

15 күн бұрын

how can you please explain

Heart pumping analysis..start to end..thank you ankur and the guy.

Wow loved this episode. I personally thought he could not come out of it but u made his life pretty easy.

This was absolutely an intense one. Fabulous job Ankur for breaking this situation down. Most of us are getting stuck in the urban trap and such videos are good reminder of what not do. Felt ease after seeing the plan you made..

Awesome warikoo ji. You got the smile back on that gentlemen s face. 😊

@warikoo

29 күн бұрын

😀

Ankur ! You are Really doing a great job. Thank You for Sharing the wisdom that you acquired through hell a lot of mistakes.

Wow.! Fantastic Anckur.! If he really sticks to the plan then he will certainly achieve that mark.! Analysis and then give him a solid plan that's really wonderful. Fix your finance & these episodes are my favourites. ❤

This is a gud one. Hands off to him being transparent. He looks really worried and stressed with the situation. Hope everything will be back on track gor him soon...

@PalBose

3 күн бұрын

Stressed...? This guy after so much expenses ,looks calm n smiling...like a fake case study.

The one thing i noticed in this conversation..after paying everything he still left with more than 70+k per month and he said he didn't had single rupees in account..btw @ankur sir awesome session ...

@annmichael7553

28 күн бұрын

Maybe he was not taking his wife's money into consideration.

@geethabalakrishnan7355

28 күн бұрын

Yes

@saurabhtravelvlogs

27 күн бұрын

I think there are some miscellaneous expenditures being missed in the assumptions such as shopping needs such as clothes, books, home accessories, religious needs, entertainment like movies, parties, house help, etc and this is pretty much why he has zero in his bank balance. Because of this, the assumption that he is saving 70k goes for a toss

@kns003snk2001

26 күн бұрын

@@saurabhtravelvlogs Yes exactly. I was waiting to see this comment. His expenses are more than 1L/month. Else he wouldn't have taken so much loans.

@shrayanrawal7896

13 күн бұрын

His wife might not be trusting him with her money

Ankur hats off. No words. The way of explaining. 🎉

See the gradual relief smile, feel our loans are being cleared. Good Ankur help people..

It takes a lot of heart to say all this on video. All the best to the brave man! His expressions, especially shape of his lips and eyes were talking loud about his embarrassment and what not. The moment he said, we are expecting and a baby is coming in the next month, warikoo ji ka toh game hi hilgya. Main toh dargya bhai. Jai Mata ki.

@warikoo

29 күн бұрын

True

@percy69127

28 күн бұрын

Thank god, I started early and I am almost paying out my loan. This was very scary video

Such a great video Ankur, this guy was in intense pressure and you gave in PRACTICAL HOPE, the smile at the end shows it feels much RLEAXED now. This also teaches us something that HIGHER INCOME doesn't necessarily means a HAPPY/SORTED LIFE, at this point I can imagin having income of 3.5L and be sad but this is a real example. This money matter series not just helps that guest but also inspires and guide us as an Audience, thanks! KEEP POSTING

Very nice series, I learned lots of things from this. And it's help us to financial independence.

what a wonderful story, learnt lot from this conversation it's mind blowing I would say

Loved this episode ...,u gave him a right path and make him smile 😊😊😊

Wonderful Ankur 🎉 This is a classic case of Ignorance of Personal finance. Don't live showoff life.

Great calculations and suggestions..!!

ankur .....a big shout out to a genuine and magnanimous motivator... KUDOS......keep up with the good work brother

It's very knowledgeable and Informative Best finance expert @Warikoo sir ❤

The approach that Ankur suggested looks to be the best. But the important thing as Ankur said in the video to the gentleman “Do not get trapped in personal loans again” is a very important thing he should keep in mind. Since sometimes emotional pressure overcomes reality. Great video.

Lovely Ankur Sir. Your are gem of person.

Hi Warikoo and team, amazing work. Hats Off to your efforts.

It's tough to come out and accept that you are in a financial trouble and seek help. Glad that he did it. Hope he achieve financial freedom soon and glad that you are helping out people come out and seek help and overcome that debt trap.

In this money matter series i think ankur sir is also get to know how its different in real life than 50 30 20 rule. Real world has real problem and i am sure he did not told many expenses for wife and him clothes , relative visit etc etc. Worst part is as our salary increase our expense increased 3 times.❤

Ankur is si genuine and he always encourages people and boost up their efforts rather than criticizing them . Good efforts and helpful

Very useful information and thanks for sharing ❤ Appreciate your guidance 😊

U have quality of a best teacher.

that is an amazing episode. I made the same mistake taking so many loans. thanks for your clarification sir.

@warikoo - I always learn from your videos. Thanks a lot Ankur. You very well coined it i.e. "Urban Trap". Most of the folks (especially IT guys) who would like to lead a comfortable life has been part of this trap. I have one suggestion: Let's not give them a figure based on anything beyond 12% irrespective of Midcap, SmallCap, Nifty 50. Let's guide them by showing absolutely figures not more than 10-12%. They will panic when they go through negative returns for few months.... Just my suggestion.

Master piece and good guidance and no school teach these !!

great visionary calculations!

Good advice..let’s hope he will sincerely follow..best wishes

In the beginning, I thought this was going to be a very toughest problem for Ankur Sir but you solved it with a very wonderful strategy. Good advice sir 🙏

Vaamo, Nuvu endi ra aaya, nakka anna daridram lo unnav. But kudos for taking this step, it will help many. I wish you all the best

Great episode and learning to me also…..thanks…

Nicely planned and explained. That guy should be more thankful.

Best video of the series, I learned a lot from this session today 👍

Really helpful and learnt a lot from you ankur

Kaun hai ye log Jo mahine ke 2-3lakh kamaa rahe hain.. Gareeb logo ke liye bhi video banao ankur ji

@sanjibangarai5208

29 күн бұрын

Then come the part 42:46 I have baby next month 😂

@Makchoman

29 күн бұрын

Mehnat karke source of income badhao brother

@Makchoman

29 күн бұрын

Mehnat karke source of income badhao brother

@I_amNoob

29 күн бұрын

Personally I don't feel that amount is that much big, It can be achieved.

@arvidelltd.3259

29 күн бұрын

Bhai ep 10 dekh le

This session was intense but I am sure may of us can connect to it! I always thought loan traps are for ever 😮 this video was an eye opener! 👍🙂

Great knowledge sir. I am student. Really I m getting more informative from your video's

Bravooooo man... good luck

This is my first video from this subscription. Simply awesome 👍👍👍

You are toooo good Ankur!! Keep doing amazing stuff!!!

Chanced upon this video. God bless you, Ankur for helping grant peace of mind to a soul.

Wonderful sir. Great advise.

Wow fantastic wow superb. Etc etc .... Telling something to do is easy but working on it is tough for middle class guy.

Sir Below points are my suggestions , 1) His home loan EMI Around Rs 67 k in that interest only around Rs 60k, 2) basically vivek is not staying in bangalore permanently due to his native is Vizak just sell the house with good market rate may be he will get it around 15 to 20 lakhs excess amount for that amount to use repay the existing liabilities. 3) In bangalore city around 15 to 20 k with part furnished house will get it rent ( Just look into home loan Interest part around 60k interest, instead of paying Rs 60 k interest Rs 15 to 20 k rent payment is best option and you will save 40 k every month in that ) 4) after that you are sending Rs 20 k to parents just increase that amount as your wish and inform to parent save the amount and try to invest in land( NA plots) in your native place. 5) Try to build house in your native after certain period because end of the day you will go to your native place only. 6) Vivek just think as much as practically, In your scenario you have large liabilities first thing come out from liabilities then think about savings. 7) In bangalore any time job losses is their at any movement at any reason so come out from the liabilities.

@growyourself1064

15 күн бұрын

I think that's not a smart decision,

@rajeevsingh2747

Күн бұрын

Better

within this 48.25 minutes, you made Mr. Vivek entire mind free from all the debt. Amazing sir, I believe this video is not only for the young man Vivek, it will help for the most of the middle classes family leads. I am really feel Mr. Vivek is very lucky that he was very young and he got a very very good suggestions and escaped from the worst trap at the early stage. Right now I am 42, and my life is also same like Vivek trap. Will try to close all my debts aeap Sir. Thanks for my friend Mr. Balaji, who shared your video which is really work for me to get away from the financial traps. Thanks a lot sir.

Thanks for such informative video 🙏

Superb.....👏👏👏👏👏👏👏 So proud of you 💐💐💐😊👍

great show thanks

Wonderful analysis and advice

Sir, is it lump sum investment better Or sip ? Plz suggest

Very nice calculation sir and good advice.

Good job, Ankur ❤

Eye opener for many...

Hi sir I am Andhra Pradesh telugu language but your videos all amazing... So this session amazing so keep doing....❤❤❤ Super session

This is a great experience being shared worth watching this….

lovely video to give some deep insights even i was and is still trapped in loans loans due to online gambling and many such activities which has destroyed my house savings two times my family pulled me out of these loans still i do have two loans remaining which i took again now i will close these loans too and would never go towards that dark path financial education is not a joke and would like to comment that young people are getting destroyed through online casinos and fantasy apps and there is a need to spread awareness about these as well Thanks for the video

Why not to close credit card loan before personal?

@xlrtgamer4211

29 күн бұрын

Yeah that is like 36 % per year

@CMGM55

29 күн бұрын

Yeah. Close this even before building emergency fund.

@rajensaLivestock

26 күн бұрын

Might be due to lower due amount ...

@jainabhishek8

18 күн бұрын

Because ankur is not a certified financial advisor. Free men esi hi advice milegi

The session, as usual, is highly effective and insightful. One suggestion for improvement is to include a discussion on the poor investment choices that led to the debt trap, despite substantial earnings. This learning opportunity would be beneficial to viewers.

@warikoo

29 күн бұрын

Great suggestion

Good job 👍🏻 ❤

Nice show Ankur ji . Great

I like the word “Classic Urban Trap” to which most of us fallen prey & now struggling with our existence! Great introspection & feasible solutions rendered by you sir, this will help many of us.

He is "Loan legend".

Loved this episode

Hi Ankur sir, I have a PL and I want to pay ASAP but bank denying to take extra EMI or increase the EMI amount.. pls suggest

A great session sir but personally i can't relate with that guy because his income is almost 7 times more than me but i am just 19 so it's harder to relate with him i want you to make sessions with people of my age and people who ages around 20-25 it will be more useful...for people like us Again ur doing a great work sir... Thanks for adding something in our lifes

@ashisharora6800

29 күн бұрын

You are 19 and you end up 34000 this is a fair amount of salary a 19 years guy gets here , you are doing perfectly fine Please do a SIp of 7000 until 29 year of age !! That’s it for you life nothing much to do The good part is is you are 19 years of age and getting this much . Enjoy life and enjoy your life , this time won’t come back bt make sure 7000 Should be be you SIP until your 29th birthday and then stop it if you cannot

@harsharakh828

29 күн бұрын

@@ashisharora6800 sorry sir not 34k but it's 27 k

Great Video. It is very insightful. Thank you for making it, Sir. In the calculation at around 22:30, did the investment amount got deducted twice or I missed something? We removed the investment amount from the calculation on top right and also added the same amount in the surplus money.

Enjoyed thoroughly

Insightful

Hey Ankur, Enjoyed watching it. This was good. This is a classic case of a lazy attitude towards finances and a self-created trap lured by quick fixes. Your analysis seemed very appealing and paving a flowery path with a regimented small-step saving plan.

As Always Valueable Content 💥

But he said he needs to clear gold loan in one year??

Thank you sir for explaining finance in simple way. Request you to also share how to calculate inflation adjusted future earnings to decide what SIP amount to invest now.

Why no Fin Fluencer is considering kids education expenses,upgradation of house or any major expenses comes during 30s to 50s..he is telling the guy to invest around 1.5 lck in sip..that too stepping up if required..he will start living life after his 60s..

@jainabhishek8

18 күн бұрын

Everything in excel is rosy😂

from this video big lesson for me

@warikoo , First credit card to be closed off before the emergency fund. Then life insurance policy to be started as he gets older then premiums will be higher,

Correctly said Classic urban trap

Ankur & Vivek what a super podcast man. 1st time I watch complete podcast. True I special thanks to Vivek that we software most fall in financial trap. This podcast wake me up & gave a thinkable for the future as well. Congratulations for ur new baby and before she come to the world Vivek will debt free. That's why girls are called Laxmi & debt free fir family. This is wake up call for me. Mr. Ankur I Want to take your advice for financial planning . Is there any possibility to reach you only. Thanks man..

Very good session sir

1. the more you earn the more you spend 2. easy to take a suggestion difficult to implement without discipline

You will not suggest taking term life insurance?

Good content

Sir I saw some mistakes in calculations .... He has PF money approx 4-5 lakh so that could be his emergency fund . Also the car loan now today is 7 lakh after 14 months it should be around 5 ... So he could clear all this within 12 months ... If I were in his place I would reduce my expenses for at least 1 year and Target to clear all Loans ASAP and learn to manage finance . For him - Please sacrifice a year bro control your wants and that should be our punishments for our mistakes so that we don't repeat. Best of luck 🍀

@garvsethi9938

29 күн бұрын

PF is not an emergency fund there are conditions to withdraw it. Emergency fund should be something u can easily access during emergency

@subramanyamshankar1767

29 күн бұрын

PF is for retirement.

We all make mistakes, Its okay bro, God bless you and you family ❤

Now , having kids, additional expenses, school fees .. he need to redo all analysis again......😀😀

Please make vedio on 50 to 70k salary