the fact here is his goal is very much realistic with his salary and expected increase but his actions are not aligned with it. If he saves 70% of his salary and do sip with 10% step up every year and with expected return of 12-14% his corpus should be around 5-6 CR after 10 years or for safe side say 12 year and with bonds can get return of 10-12% pa fetching him 5L per month. He will need to be frugal tho and make some sacrifices. Also if his spouse would be earning then process can be accelerated. Good luck to him
Spending on Car and Electric vehicle when there's no need and there are thousands hazards while driving vehicle in India then saying Term insurance is scam is another level thinking
His calculation on insurance vs ppf argument has no Logic. PPF is an investment product & Term Plan is an insurance Product. He is saying that if he will be alive upto 62. Then premium is wasted. Exactly but if unfortunately if he dies next year, even if he has paid only 1st premium. His nominee will get 1 crore!. Seeing an insurance product as an investment opportunity is itself stupid. It's to secure a time period & provide relief to dependents in case of an unfortunate demise. Instead of debating. He can invest in both PPF & insurance. In case he dies, family can avail benefit, if he lives, He can use the ppf returns tax free.
Hi Anshuman. The most important part of your videos is that chart which shows the breakdown of spending and savings. Please pause for 5 to 10 seconds 😂 and pie chart was more better .
u know? betting out of ur aukad is wat will make u real wealth. Our parents took home loans thats why we could live under roof today. Taking loans to buy assets should be looked down upon, however, this doesnt apply to buying liabilities like cars etc..
Yeh bhai kuch zyada hi udd raha hai. 5 lac per month passive income, considering he has not been able to have a liquid portfolio after earning a handsome amount in past 5 years... He wont be able to do it at all, unless he get some lottery😅
Bhaiya health insurance term insurance ke bare main knowledge hee nhi hai aap acchi si koi video bnake ke explain aur recommend krdo kam milta hai kya condition hai scam to nhi hota chote shro main koi jyada btata hee nhi hai 🙃🙃
And, I am uncomfortable with the debt servicing ratio of 6% for my car loan. Even though I have set apart an investment in a small-cap mutual fund folio from which the SWP amount is servicing the loan while simultaneously growing by more than 12%.
I got my first job at 27! He is earning good money. One advice is sometimes we need to listen to experts rather than creating our own arguments like you have about term insurance.
Bura mat maaniyo bhai, insaan ko ambition or bewakoofi mei farak pata hona chahiye. Some people are praising him for his vision. Bhai itna sar pe bhi mat chadhao ki banda apni aatma bech khaye. Have a plan, don’t cook nonsense fantasies.
Badi Car lelunga but term insurance nahi..😂😂😂 term insurance and investment is different thing... Once you have accumulated a certain corpus you can always close term insurance and use the amount to invest more..
What is happening to todays youth savings is 0 I am 28 have 1 cr networth earning around4 4-5L per month with all the international travel , domestic , personal trainer , pt and weekend outing I manage to save 60-70% of income and again grow that by trading And have just 1 emi of my iPad no house , car any major thing
his annual motor vehicle insurance would be 35K plus for 20L Car I prefer to buy bas variant and do the upgrades from market, this keeps the insurance amount in control
Anshuman knows the risk of software industry. In software keep upskilling, and invest passively. Your earning potential has higher chances than investment return. Otherwise career ends at 40. Software industry has career compuding which other industries dont have.
