10 Clever Personal Finance Rules you should know.

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In this video, we will be discussing 10 personal finance rules that can help you save a lot of money and secure your financial future. Managing your finances can be overwhelming, but by following these simple rules, you can take control of your money and achieve your financial goals.
We'll also discuss the importance of maintaining an emergency fund, investing in your retirement, and avoiding debt whenever possible. By following these rules, you can build a strong financial foundation that will support you throughout your life.
By making smart financial decisions today, you can secure your financial future and live the life you've always dreamed of.
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00:00 - Introduction
01:17 - Know when your investment will double
03:02 - Invest this much in Equity
04:08 - Disclaimer!
04:45 - Budgeting made easy with this rule
06:31 - Plan your emergency fund with this rule
08:08 - Before taking a loan, watch this!
09:48 - Plan your retirement with this rule
12:57 - Never skip any investment with this rule
13:41 - 3 components of a Financial Plan
14:55 - Know this before following any rule
15:60 - Steps to participate in the Giveaway
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Опубликовано:

10 июл 2024

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Комментарии : 1,2 тыс.

@SantiagoWyatt- 9 дней назад

Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.

@ChristopherAnthony-9 9 дней назад

The strategies are tough for average people. They're usually done well by experts with lots of skills and knowledge.

@MateoLevi- 9 дней назад

@@ChristopherAnthony-9 I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.

@richardmartins2574 9 дней назад

@@MateoLevi- Mind if I ask you to recommend this particular coach you using their service?

@MateoLevi- 9 дней назад

@@richardmartins2574 Victoria Carmen Santaella is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@MaverickDylan-7 9 дней назад

@@MateoLevi- Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

@isomaniac7850 Год назад

After watching your, Akshat's & Rachana's videos regarding finance - Few points that learned are as follows - 1) Take calcultated risk & manage & be responsible for your own money. Don't depend on anyone, not even your family. 2) If you want to buy anything, first earn 4x of that value & then spend or buy whatever you want to buy so that u will most probably buy only those things that really matters to u or you'll buy cheapest things which are available in the market. Basically its a win win for me. 3) first diversify your portfolio a bit & then concentrate to increase the value of portfolio in long term. Audience can add more points in the thread. 😊

@Career.Money.Growth 11 месяцев назад

I watch your and Akshat's videos only

@NonVegHome Год назад

Market me aapse bahut ache ache influencer hai jo free me educate karte hain. However, aapse ek dil ka connection ho gaya hain aur aapke har ek videos mujhe meri "mujhe sab kuch aa gaya ab" wali gamand ko tod deti hain aur jindagi me aage bahut kuch sikhne ko motivate karti hain.❤❤

@nitin_maxxx Год назад

Sir I have to admit that the whole video is so insightful and useful but the last part of the video where you were saying that "these are just thumb rules and dont understand your situation and you've to consider your situation and act accordingly" this one...is very important and needed sir. This is the best part of the video.

@ericmendels Год назад

The S&P 500, if one sticks with it, outpaces inflation by many percentage points. I personally don't care about the inflation. I just want my money to keep outgrowing the inflation rate. That is why I'm looking for companies now to put in $80k for a start. Just don't know how to proceed

@AddilynTuffin Год назад

The rules are simple. Chose quality stocks and follow them up. If you're not one for such complexities, hire a wealth manager to grow your money. I use the latter. Pulled in more than $46k in the last two months alone.

@kaylawood9053 Год назад

I agree with you. This is what I do too. I'm not cut out for financial reports and industry news, so I use a wealth manager. Profits have been very consistent.

@albacus2400BC Год назад

Hey, I've been looking to switch, but have been kind of relaxed about it. Could you recommend your wealth manager? I'll be happy to use some help.

@kaylawood9053 Год назад

I work with “Kaitlin Rose Sternberg”. You could look her up yourself, if you want, she’s proficient

@albacus2400BC Год назад

Thank you. I just checked her out. She seems really proficient. I'll follow up with an email. Thanks for the lead.

@ankitdhakar1611 Год назад

Rules are always there but the most important is following it with consistency 🤗😌

@Soumyadeep_Pramanik Год назад

apse last kuch months se bohot kuch sikh raha hu. mujhe ek line yad aa raha hai arijit sir ka pehle keuna mile hum kash ap school me hi mil jate Thank you sir

@TejasTharu Год назад

For all the youngsters out there, customise your 50:30:20 as follows: 50% --> Investments 30% --> Needs 20% --> Wants It may sound impossible at the beginning, but trust me, after some time, you will be glad that you have opted this.

@pravinjadhav8055 Год назад

why do you think you find it useful? My home loan EMI and Car EMI goes beyond 50% :)

@Srkatariya93 Год назад

I think 70 percent in needs & wants and 30 % investment is good for yougsters

@aniketbhagat2425 Год назад

@@Srkatariya93 Which youngster needs and wants 70% ?!

@aniketbhagat2425 Год назад

Exactly, I have been following this for quite a while now.

@ayanokoji42069 Год назад

@@aniketbhagat2425 depend karega uske work location and income pe, if his income jyada h toh obv 50-60% k aaspas m uske dono nikal jaayega

@VirendraSingh-eq6nw Год назад

Auto sweep krwane gya tha bank me SBI valo ne bola "lunch ke baad aana" 😢😂

@dineshmohokar7443 7 месяцев назад

Lunch ke bad jana fhir 😂

@maheshdarisa6747 7 месяцев назад

@@dineshmohokar7443un logon ka lunch kabhi nahi khatam honge 😂😂😂

@adityadehradun7985 7 месяцев назад

Auto sweep Bakwas hai😂

@bablumali5113 7 месяцев назад

Same to Me

@narendraram514 5 месяцев назад

😂😂😂😂

@sukeshgiri5276 Год назад

I am preparing for all this things, you just revised my plan... Thank you..

@luis-gabriel1 Год назад

The stock market is and has always been the best place to make substantial income i still find myself pumping more funds into the stock market and trading aggressively. Away from all the distractions around, I still make huge profits from my investments.

@-Pamela Год назад

Agreed!! I’m a penny stock trader and I leverage on the volatility of the market for significant returns rather than holding and loosing value to the volatility of the market.

@-Pamela Год назад

@@Hoffmanluiz. The market is volatile at this time, hence I will suggest you get yourself a financial advisor that can provide you with entry and exist points on the shares, coins & ETF you focus on.

@williamsdavis. Год назад

Very true, I started investing before the pandemic and that same year I pulled a good profits of about 300k with no prior investing knowledge, basically all i did was seek guidance from an investment manager by name "Courtney Heath Williams". You can be passively involved with the aid of a professional.

@williamsdavis. Год назад

His available on telegam using the username information below..

@williamsdavis. Год назад

WHCOURTNEY.

@watsonhoward618 Год назад

Success seems to be connected with action. Successful people keep moving. They make Mistake but they don’t quit... As the economic crisis keep rising, we literally need to have different streams of income. The crypto and stock market has plenty opportunities to earn a decent Payouts with the right skills and proper Understanding of how the market works.

@danielbrookes3797 Год назад

Yeah you're absolutely right..... Lots of people are still making massive profits from the stock and crypto market, all you really need is some relevant information and some professional advice. It is totally inappropriate for investors to stand by as they take dips during significant market diclinism

@natashamirian1974 Год назад

@@danielbrookes3797 A good investment requires experience and knowledge to carry out a successful operation. Professionally, it is recommended to trade with experienced brokers, who can help you increase your profits while helping you learn the trade

@danielbrookes3797 Год назад

Well I invest with a top trader Investor Ashton Edwards you might have heard of him.. I can correctly say he's the best top trader in the world, an investment advisor as his diversification skills are great, I say this because i see that in his results as my portfolio grows by averages of 25% to 35% on a weekly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what he place and not just on some particular industries of my choosing. He gave me that financial freedom I needed

@filippeabreu4984 Год назад

@@danielbrookes3797 Honestly I really need help with learning how to trade. Seeing my portfolio low makes me very sad. Please do you mind sharing any means of reaching out to him easily?

@danielbrookes3797 Год назад

@@filippeabreu4984 Investor Ashton Edwards. He's well researched. Just look him up on the internet, you'll find his personal website

@nileshsingla1058 Год назад

Great video to have a summary of finance! But one thing you must consider while telling about autoswep feature is, that they can end up making less interest than saving account also, if they withdraw and add big amount again and again. Rest was wonderful

@gayatricasey6618 Год назад

Can u elaborate on this please

@prashantmehta3517 Год назад

I missed your show in kota rajasthan. But I always watch your video and informational content regarding Finance. You make best content, jo Modiji kabhi bhi aake nahi bolenge media ke saamne. Your content seriously will help millions of people in their life and also during crisis.

@rashmisingh1278 Год назад

Hi Pranjal! I have been watching your videos and appreciate the effort and the spirit behind them. Thank you.

@akhilagarwal9062 Год назад

Informative Video Sir ! My suggestion is Emergency Fund should be increased . I think instead of keeping 6 X Expenses in energency Fund , it should be{6 X Salary} or {12 X Expenses (per month)} because any how emergency fund is also earning intrest (approx 6% auto sweep) and this will keep enough money for some medical emergency or to handle any unavoidable circumstance to be on a safer side.

@mehulpandya6715 Год назад

The 50-30-20 rule is very useful. There are lots of tools for investment, like stocks, mutual funds etc., some have high liquidity, and some have low. Can you please make a video on how we can diversify our investment which is 20% of our salary, so that we can have enough liquid to help us out in tough times and enough debt, which can give high returns to secure a long-term future?

@ankitdharsandiya8775 Год назад

Great mentor for financial planning for me. And I also feel protect from other fake people and plans.

@buntysdulani9685 Год назад

Hey Pranjal, The rules were awesome. But in the part of retirement there are types of FD which can be booked for a period of 10 years which offers guaranteed return of certain percentage more than savings balance and their interest payout can also be pre-decided for quarter or annually. So and yes the risk can also be diverted if a person opens FD to multiple Indian banks or more as depends with corpus. By this if any bank defaults too in that long duration investor will not loose his entire money as government provides maximum security of 5 Lakhs (As of now) . So by this, investors will earn more and also risk will also be minimised.

@kartikjain08 Год назад

Brother You can add more detail in term insurance that every age group are not eligible for the 20× life cover of their annual income. It depends on age and its rule is 18-35 age - 25× 36-40 age - 20× 41-50 age - 15× 51-55 age - 10× 56+ - 5× Of their annual income 😊

@nikhiltiger Год назад

Hi Pranjal...Great Video with good insights for beginners and experts...woh fintech influencers wali line "Paida hone ke pehle hi retire kar dein" was epic....Also I believe 25 x is a great guide line for making a retirement but one's individual situation like if you are married or married with kid , married with kids...etc & the kind of lifestyle you live will determine if 25x is good enough or will require more fine tuning... All in all a great video...Thank you

@ArunKumar-wt2sp Год назад

Good video Pranjal. I have been reading lots of books on financial matters and reading wisdom of old financial wizards like Warren Buffet, Charlie munger, Peter lynch and Philip fisher . They talked about the same points. You have consolidated the points and presented in one video with good explanations. Keep it up.

@rmgokhale6081 Год назад

This is one of the best video of personal finance I have seen ever..Great job. If you could have considered "Tax Impact" also in this then it would have been nothing like it. Well done 👏 great job.

@sobhit_sahu Год назад

Sir apka video dekhne ke bad mai sapno me udne lagta hun aur need khulte hi wahi hota hun jata kal soya tha.

@parmarmilan152 15 дней назад

To Bhai udte raho wese bhi jami pe Kuch nahi rakha 😂

@jujuhuyu619 Год назад

Great video and very straightforward. I don't see any other perfect time for one to invest in crypto and trade than now. I don’t think that buy and hold is a valid investment strategy anymore but trading is worth it and you make more money when you trade correctly. You can start TODAY regardless of your age INVEST and change your future. When investing try to Engage in a more professional system of investment/trading with signal, which is a lot more profitable than other means anyone might use. Recently had family members ask me where to begin learning how to get started and Francine Duguay my investment advisor is perfect. Definitely recommend and her trade strategy works in every region. Very helpful for beginners. Using her method to trade has seen my portfolio grow drastically from 3.9BTC to now 13BTC, thanks, Francine.

@jujuhuyu619 Год назад

@FRANCINEDUGUAY

@jujuhuyu619 Год назад

She IS ON TELEGRAM.S...

@jujuhuyu619 Год назад

she's active on TELEGRAMS with the name above

@susanfulagrace Год назад

Wow! I'm currently on my fourth peddle with Francine Duguay also. She's the best! the expertise of a crypto proficient who work in a registered crypto platform is what you need for making profits.

@tesslee5555 Год назад

This is very impressive , meeting Francine Duguay has been a blessing , I never thought I would make so much profits in such a considerably brief period of time.

@rahulpatidar5285 Год назад

The best thing you mentioned is... Sbka situation alg alg ho skta he, so decide as per your need.

@prakashcreationphotography5325 Год назад

Thanks for this informative rules. Before this video i know only one rule of investment (50 - 30 - 20), but now i know bunch of rules about investment ❤

@tubai_bhattacharjee Год назад

Pranjal bhai, the 50-30-20 rule which suggests spending 50% of income on needs, 30% on wants, and 20% on savings may not work for someone with high housing costs or medical bills as you're also aware that in metro cities the housing costs are increasing rapidly which most of the time crossing the threshold of this 50-30-20 rule. Furthermore, if someone from our family is diagnosed with some critical medical conditions in that scenario also this rule wouldn't be of any use.

@deepshikha8180 Год назад

@Pranjal In 50:30:20 rule, you should have included that if our salary increases, we should focus on increasing percentage of investment rather than increasing our needs and wants. 😊 For example, If salary increases by 1L, we should allocate 50% (50K) of it towards investment, 30% (30K) towards wants, 20% (20K) towards needs.

@ashishIMpro Год назад

Well the problem with that logic is - would you be comfortable living life standard of someone earning 50K while you're earning 2Lakh? That's not practical. Person's share of want's will increase. e.g. EMI's for flats, cars, vacation abroad etc.

@educationandlearn5325 Год назад

You are wrong 50 in needs 30 in wants and 20 in savings

@deepshikha8180 Год назад

@@ashishIMpro Needs do not increase in same proportion as salary as they are the basic things we need for survival. Wants continues to be 30%. Increase your investments as you will have some extra money in hand.

@deepshikha8180 Год назад

@@educationandlearn5325 Yes that is initial phase. Once you have extra money, your needs won’t jump by 50%. So split the extra income other way round- 50% savings, 30% still in wants and 20% in needs.

@educationandlearn5325 Год назад

@@deepshikha8180 mem theoretically it's easy but in practical life it's much hard to invest or save this kind of percentage in today's inflation era

@jojijohn233 2 месяца назад

Very Good Financial Thumb Rules for common people .

@tdmgaming5618 Год назад

Sir aap bahot acha ho sab log video me 1sec ka disclaimer dete hai magar aap acha se pura explain karte hai ki kabhi kisi ka paise na Dube. Thanks 😊

@MariaGarcia-gv8hj 6 месяцев назад

Now I have more knowledge about personal finance, thanks to your channel, I just subscribed.Big ups to everyone working effortlessly trying to earn a living while building wealth in this recession. I’m 45 and my husband is 51, we are both retired, no debts. We are currently living a frugal and financially savvy lifestyle and generating passive income even during this recessionary period. Our commitment to saving and investing in the financial market has enabled us to maintain this lifestyle and continue earning monthly passively through investment.Traveling is now on our horizon, thanks to our financial choices.

@laura2255 6 месяцев назад

Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Earlier this year, I hesitated and failed to take any action until now. However, I am determined to try something new, as I am very receptive to various investment ideas. I want to be retired in my forties or fifties, I really wish I can achieve what you and your partner have achieved. I believe it will surely happen.

@sarthak_7 Год назад

Important point: Enjoy the life. There's no point in having immense wealth after 30-40 years by compromising your life and wants. In one of video Pranjal Sir explained it how some influencers keep talking that you should have invested in Royal Enfield rather than buying their motorcycle 25-30 years ago, without understanding that purchasing a bike back then made your life easier, which resulted in overall better work life balance.

@aniketbhagat2425 Год назад

No one's telling anyone to compromise on their needs and wants before investing. As a person who started earning a meagre salary and yet was able to invest and roam across the country, party and buy things he liked, it's all about making financially smart decisions and understanding what's important. If by enjoying, you mean partying day and night and spending beyond your budget, and then saying I just have 20% to invest is IMO foolish. However, everyone is free to make their own choices.

@sarthak_7 Год назад

@@aniketbhagat2425 nah nah there are many so called influencers on social media, who always keep this hype on. That is invest invest invest, create wealth, you did something wrong by not buying this 10 years ago etc. etc.

@aniketbhagat2425 Год назад

@@sarthak_7 I don't know the context on what they are saying but if you invest today, invest what you can and not over you capabilities, plan your finances smartly, 10 years down the line, you wouldn't have to think, 'Oh I wish I had also invested 10 years ago'. Like I said, it's about making smart decisions. In the long run, everyone who invests in the index wins. What separates the big winners from the usual winners is who invested smartly and made slightly better decisions. It does not take away or look down upon people who are making small investements. Its about making the right investements with the fund you can afford to invest.

@gracefullylivinglife 10 месяцев назад

@aniketbhagat2425 heyyy can u please guide me on investment...where and how can I do it ...moreover what's your experience till now?

@theamazingcatcher6884 11 месяцев назад

Your guidance is always at better side from others, you always helped us in taking right choice and decisions. Video score 8 by 10. Can be more interactive by comparing past year data. Keep it up sir👍

@MrShivpal6 Год назад

Thankyou sir. You consistently do so many things for making our life better to best, but unfortunately we cannot do anything for you.

@vasusahu1663 Год назад

Hey ! Mostly teenage students watch your videos and we don't have enough money in bank account and you said to opt for auto sweep but you have not told the disadvantages of autosweep that is Auto sweep accounts charge penalties for premature withdrawal of funds.we Teenage people suffers with this penalty 😔 you should tell disadvantage also about auto sweep

@marketchlao24 Год назад

on karne se phele puch lena chayhe thaa bhai

@Banzybanz Год назад

Bola tha na, withdraw karne time FD break hogi and penalty lagegi. Teenagers don't even need any interest. Saving money is the important part. Ek basic se savings account me invest karo, with low or no minimum balance.

@nikhilraj9524 Год назад

Yes.. we need a disadvantages video of sweep in FD. A lot of video is available but is not very much clear.

@triggerisonline Год назад

For personal finance, most important is to keep a tab on the expenditures and know the difference between needs and wants. Most youngsters make such mistakes and miss out on the early years for the power of compounding.

@RakeshSawant-nq8rl 8 месяцев назад

Gpp

@DeepakKumar-fd9zk 8 месяцев назад

Good point, today I was thinking the same

@daigondnidoni1489 Год назад

Aap hamare liye Financial knowledge Guru ban gaye,Namaskaragalu..

@amrishambep4247 Год назад

It is very difficult to find your mistake, but confidently we can say you are the best

@rupaliverma1 Год назад

For retirement fund interest rate can be increased to 6-7% with auto sweep feature of saving account . So saving amount can be less

@suphaldas7852 Год назад

Aap sahi ho sir ❤️ you are very honest 🙂 Every influencers only show up but you always tell us the Reality.. Salute to you sir 🙏

@priyanshujain7494 Год назад

The idea of giveaway is great. You learn through our comments and we learn through your book. Pranjal always thinks a win - win one ❤

@shivnarayankanwar5928 Год назад

Thank you sir You are like my elder brother giving me financial strategies..

@himangdesai65 Год назад

Thumb rule for investment in my opinion - "IT SHOULDN'T AFFECT YOUR SLEEP AND MENTAL HEALTH."

@MrAmitakshay Год назад

Sir AUTO SWIPE ke tax k baare me aapne nahi bataya ki iska tax aap jis tax slab me aate hai hu hisab se lagega jab ki saving account me 10000 ka interest deduction milta hai ❤ plz ise clear kare

@AkshayNaik404 11 месяцев назад

Correct bro

@CemMuammer Месяц назад

Got to admit, Finch's involvement in 4RA made me a regular. Can't miss out on his match insights! 💡

@moonrise6276 10 месяцев назад

After watching your this video one thought came into my mind, which I would like to share, this kind of knowledge regarding our personal finance management must be taught in our school curriculum because I believe through this kind of knowledge our next generation can achieve their financial goals more profoundly and will also learn the value of hard earned money of their parents. To create a healthy economically strong society proper knowledge is very important. Thanks for sharing your knowledge.

@Dubey7 Год назад

Financial planning process 1. Determine current financial situation 2. Develop your financial goals 3. Identify alternative course of action 4. Evaluate alternatives 5. Create and implement your financial action plan 6. Review and revise the financial plan

@himanshudhal5981 Год назад

Shankar Nath has covered most of these rules earlier. His is also a very good personal finance channel in RU-vid. He has great insights regarding finance and investments.

@genericstospecifics1856 Год назад

@anoopg95 Год назад

@chelisoojen_army5608 Год назад

Absolutely GREAT,👍👍

@parimalkumarshriwal2886 4 месяца назад

Main 56 yrs kaa huin. Aajkal mai financial freedom ke baare main padh raha huin tatha ise apne jeevan mai apply bhi kar raha huin. Aapke dwara bataye gaye sabhi rules ki ek video maine Ujjwal Patani ki bhi suni hai. Aur mai use follow bhi kar raha huin. Aapney jo extra cover kiya jaise 3.3.3 rule, investment in nps, sovereign gold bond are really impressive. I will analyse my investment and try to adopt 3.3.3.rule. Thanks for giving such valuable information.

@Dubey7 Год назад

Some of these rules is in "Financial planning for middle income group" Book by SEBI

@thepunisher3287 Год назад

you should have mentioned some rule for the tax saving too. that's the biggest problem almost all middle class are facing, biggest chunk on income first goes in income tax and then in education of our children. thankyou

@shashikant5148 Год назад

Bhai in coming time, CG is going to abolish OLD TAX REGIME

@asurakengan7173 Год назад

Tax is only going to increase, our country and the world has taken quiet some debt and printed a lot of money, and India can't distribute it's debt to other countries since no one trades in Rupee as of now. So basically taxes are going to increase a lot and since majority of the population in India is unemployed or falls in non-taxable category then again taxes are going to increase exponentially only on certain group of people - 20-30% slab groups. The only way to escape this is by changing your job to either freelancing or operating a business. Since government is promoting startups/businesses in today's time they are giving lots of ways to save(not evade) taxes. Otherwise you can always reinvest all your profits and give 0 taxes. You can also explore agriculture as it's still 0% taxable.

@sakshamtech828 Год назад

Good recommendations, fantastic idea about investment and very interesting rules 😅, thanks for the knowledge about investment.

@shashikant2873 Год назад

Gajab itna aacha content personal video ka ek jagah mil gaya nahi to ise Jan ne ke liye alag alag video dekhna padta tha

@AmanKumarSinhaOfficial Год назад

*"Paida hone se pahale retire kar do"* was op😂😂😂

@usersanjeevkumar Год назад

🔥🔥😂😂

@AdityaPrakashSinha Год назад

🙃🙃

@TheWebMathsOfficial Год назад

Sahi baat hai.... 🌡️

@adeshkumar4640 Год назад

Hi Pranjal, for retirement - why should we keep it in savings account or FD, why not plan a SWP in mutual fund which is far better option (can expect atleast 10-12 returns).

@AnimeshDas11 Год назад

My question too

@somendrasarkar1653 Год назад

It's better to allocate in 30-50-20 in equity debt and gold. If you have 100% in equity, and corona virus like situation happens, market dips 40% and unlike this time it stays there for 3/4 month, each swp will hurt like hell, and if market doesn't rebounds quickly which may or may not happen, you will exhaust your money. So it's wise to keep your amount in debt, gold and equity and keep rebalancing. You can have swp arranged accordingly.

@ajayaarya._ Год назад

Sir aap bahut hi genuine person hal

@neerajnegi1265 Год назад

Pranjal sir . Lots of love ..in retirement plan you said in10lakh per month expense and then next few seconds your are saying 10lakh per year.. may be it was by mistake. But . I love your honest and genuine opinion one of the best financial educator

@mrandydashing Год назад

For the 50/30/20 rule You need to understand that the first two are maximum and the last one is minimum You need to spend maximum 50% and 30% on your needs and wants but you need to invest a minimum of 20%

@aniketbhagat2425 Год назад

Living in your 20s should be as frugal as possible. I mostly follow the 30:20:50 rule of needs-wants-investements.

@martnmathw Год назад

@@aniketbhagat2425 I am also trying to follow that sort of lifestyle brother😅 but it's very hard

@aniketbhagat2425 Год назад

@@martnmathw I can understand, but if you cook your own food, spend money and use credit cards wisely and smartly, you can invest enough.

@AmanKumarSinhaOfficial Год назад

Pk bola.... *knowledge ka pitara khola....*

@usersanjeevkumar Год назад

OP 🔥🔥💯💯💯

@AdityaPrakashSinha Год назад

🙏🙏🙏

@TheWebMathsOfficial Год назад

💯💯💯🙏🙏🙏

@legendaryfoodie8243 Год назад

We love your advice started investing in medicaid family 👪 plan, wife's 10yrs regular income plan.. I will go for term plan

@sakshi772 Год назад

“I’m stuck between “I need to save money.” and “You only live once.”” ( after pandemic like COVID)

@dipyamanghosh927 Год назад

Main Rule: Personal Finance is very personal. So only follow those thumb rules that suits your conditions 😊

@musicabcd4558 Год назад

Oho , Mujhe to pata hi nahi tha 😮😮🤭🤭🫢🫢🙀🙀

@Giftkiel-ow8gj Год назад

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@kadiscout Год назад

The truth with this recent economy, everyone needs more than their salary to be financially stable. The best thing to do with your money is to Invest it rightly.

@Yesminjames Год назад

Even with the economy recession and downtown, I'm so happy. I've been earning $9,500 return from my investment on short time, trading digital assets with Analia Harlod

@jerrybright299 Год назад

I'm really interested in reaching her, my parents are suffering alot, can you refer me to her please???

@annlouis9218 Год назад

@@Yesminjameshow do I connect with her please?

@Yesminjames Год назад

Ms_Analia

@PRATHVIRAJMEENA-kz2hx Год назад

Aap Dil say guide kartay pranjal bhai , aap k video se bahut sikha h , thanks bhai 💚

@rushabhshah8297 Год назад

Debt Liquid fund is the answer to many financial problems and an underrated instrument for savings and anything liquid + good returns + Hedged + SIP and SWP.. Transactional costs are the only hindrance.

@jdeka01 Год назад

Sir, for retirement plan, you suggested keeping the money in a savings account only (which is generally 25 times of the annual expenses). But, I think we should consider *both savings accounts and FDs.* In case of FDs, the tenure should be 5 years, and in a ratio of 1:1. Let's discuss an example: A person who retires in his 60s and has annual expenses of 10 lakhs should divide their 2.5 crores as follows: 1.25 crores in a savings account. 1.25 crores in an FD. However, for the FD, he should invest 5 years earlier i.e., at the age of 55 and again he have to invest the principal amount of 1.25 crores after the completion of the tenure in another FD with better returns (security of his money is also important). If a person adopts this model, they will get better returns and be better equipped to beat inflation, as long as there are no major economic crises in the country.

@adeshkumar4640 Год назад

Middle class cannot reach so easily to have 2.5 cr. in their savings account, And why should we keep it in savings account or FD, why not plan a SWP in mutual fund which is far better option (can expect atleast 10-12 returns)

@jdeka01 Год назад

@@adeshkumar4640 you should care more about "risks" than "returns" in your 60s. And that's why FD and bonds are better option in that case.

@ArjunPatel-cx4zm Год назад

I want to say a one liner ... " Stock Markets are like a Weather, you may not like it but you have to bear it. " Saving a considerable amount from salary and investing it in good instruments can help you to become financially free as early as possible. Be humble and be patient, markets will reward you when the time will came. Thank you Pranjal Bhai and whole Finology team, you all are doing great efforts, Love you all 🤩♥️

@kunalkapure2671 Год назад

Thanks sir for Giving clearty of personal finance.Aap to personal finance ke chanaky ho. 👌🙏👍

@technicalbhau540 6 месяцев назад

Genuine person with useful knowledge❤

@thelalit00001 Год назад

Your videos are very helpful for understanding finance. Thanks sir very much for making such a valuable content.

@user-nf1xm1hm9e Год назад

Bahut Acha sirji...... Youth inspiration ho ap aur idea bhi Utne hi ache late ho ❤

@user-zg3hg4su3k 4 месяца назад

Sbse phle maine ye rules warikoo sir ke channel pr dekha tha aaj pranjal sir ne revision kra diya

@srinivasnavuluri Год назад

Useful information for lifetime

@tumbaparamanik9557 Год назад

You are a real guru for finance, but please koi ek video k liye example hamesa koi ek fixed salary k hisab se hi kariye, thank you❤

@sabirahamed4100 Год назад

Sir app ka video sa bhohat kuch sikha na ko milta ha .you are jenius

@kapoortv Год назад

watching your videos from around 2-3 years and my investing journey is doing great , I am practically experiencing the Stock Market investing by using your ticker app and will be greatful if I get your book with autograph 😇😄 Thanks For Spreading Financial Education Among Us

@pranjalbharadwaj02 Год назад

Very helpful & informative. Thank you

@adeshkamble5197 Год назад

Thank you for your knowledge sir😊

@AnimeshDas11 Год назад

Pranjal ji, it was great having discovered your channel. May be we can modify the 7th rule as the following… You proposed: 25 x retirement I improvisé as: (85 - Retirement age) x retirement Of course, as science progresses, we have to modify the life expectation (85), but that’s much later may be in 5-10 years.

@rohanbardhan497 Год назад

Dear pranjal ji, i am your regular viewer & I highly appreciate your views towards the planning of money expenditure. But, In india as a govt. Job person (in my case age 26) it feels difficult for ex penses in marriage lumpsum 7-8 lakhs. I think u should also consider that.

@vikaskhurana4158 Год назад

Hey Pranjal, The rules were really awesome. But in retirement rule you should have considered the FD's interest not the saving bank interest, banks provide 7-8% even in 1-2 year FD that will double the return on savings.

@kcpatel10 Год назад

Wonderful video, I like all steps and I m following it. Thank You Very Much

@RameshChandra-wh6ry 10 месяцев назад

Learn, Earn, Invest, Reinvest them Expenses. This best rule from my side.🙏

@BHAVANA.J Год назад

I'll rate on this video 10/10 ❤Thank you sir for such valuable information ❤❤

@iquravlog8191 Год назад

Excellent

@mathsplus7907 Год назад

Pranjal Sir thanks for giving such precious knowledge. Please make a detailed video on auto sweep including its pros and cons. Thanks

@AlbinGoes Год назад

As always… you inspire us!! So detailed 🫶🏼

@shin-chan5411 Год назад

U r my favourite pranjal bhai🎉 U give as 👌 finance information 👏

@rushabhshah8297 Год назад

I would like to defer to 50 30 20... Being a Jain I'm always taught to give it back to the society too and hence I have a donation budget monthly and I'm only rising since then. When god blesses you financially, you should raise your standard of giving. Ancient rules were 25% expenses 25% investments 25% emergency 25% donations. Today's world at least 5% should be kept for donations monthly. 1lakh income can always build 5k for donation as i do and by year end i have a corpus of 60k to help anyone in need and i have nothing to lose. We all should help each other like this. No one will ever need loans

@rohitgautam8952 Год назад

Awesome sir thank you

@sharing.experiences. Год назад

i appreciate your eddorts, im keep learning. Thank you

@dineshrathod7610 Год назад

Exlent

@zulqarnainzartargar333 Год назад

Thank you for creating amazing short and crisp elaborative content on investment. I think it would be better if you include the loan EMI points also in 50-30-20 Rule... Like if someone has some loan EMI in progress then how to apply 50-30-20 Rule ? Awaiting your amazing recommendations...

@SaniyaSachinm Год назад

Thanks I got New RU-vid Channel from this video to learn more knowledge and finance.

@sunilkatti7197 Год назад

25X retirement rule should consider present value of all assets with haircuts to begin with. 0.5x pv equity + 0.8x pv real estate.. etc. This will help guide the planning better to cater for things like - post retirement- you’ll still need a house and equities investment may not exactly pan out as expected…etc

@sarjansikandar8996 5 месяцев назад

Thanks sir

@aftabmansoori7245 Год назад

i recently started investing and i am learning from your videos and thanks a lot for guiding me and more like me . this is aftab manssori signing off. 😃😃