Hi Mandeep, loved the podcast, and would definitely recommend you guys do these more often. One thing that I couldn't understand or calculate properly was the camera loan problem. Suppose I get a camera that costs 29k on 1st April, and I need to pay for it in 3 instalments of 10k each. First instalment will be paid then and there, second one on 1st May, and third one one 1st june, so basically they've loaned me Rs 19k for 1000 rupees for about 2 months. Calculating this, I'll be paying 5.26% over a span of 2 months, which is about 31.5% per annum. How did you guys calculate 40?
Sir can you make a video on investment for students/freshers who are taking loan for education abroad mba to be specific?? Also how freshers can create multiple sources of income through stock and forex markets or others?? Reliable free sources??
The sincerity in this video is demonstrated by the talkers advising against Credit cards for common people in a video sponsored by a company which depends on Credit card usage.
Great video and very good effort!!..Could not understand the camera purchase on EMI calculation at 24.02 (time).I will be thankfull to you, if you could help me to understand..sorry I am not good at such calculation..Others may have the same doubt
I would just invest the money in two or three standalone house (Land 1 to 1.5cr and construction 1cr) which can give 1.5L of rent each and forget it... Less risk and safe bet, you have appreciating asset as well as monthly income.
Sir, my name is luther and age 19 yrs and i want to invest in mutual funds can you make new video on mutual funds it will be great help I learn lots of things from your channel
Mai bhi 90+ % gawaro me se hu mujhe bhi samajh nhi aya ki 3 mahine m camera ke 29000 rs k 10000 kisto me dene par total 1000 extra dene par ye yearly 40% kese hua...plz koi samjha do calculation..
Yes my Dad started his job from 300 rupees per month and when he retired last year his monthy salary was nearly 2 lac per month so you don't know where will you end up as his 1st saving scheme was of LIC in 1995 which they were giving 1.5 lakhs at the end of 20 years maturity at that time his income was 1500per month so at that time 1.5 lakhs looks very big amount but when finally he got that amount it was less the his monthy salary so predicting future from current standpoint is very difficult you cannot say how much you need or how much you will make.
I'm confused regarding the 30k camera example. 1k/30k = 3.33% which if taken as the monthly interest rate will annually be 3.33*12 = 40%. Taking 29k as principal makes it 41.37% which is approx 40% only. But the guest had said "agar 3 mahine ka maan len" which implies the 1k interest is for all the 3 installments combined over 3 months. In that case the annual interest should be 3.33*4 = 13.32% If anyone gains any clarity, please do explain.
Suppose I get a camera that costs 29k on 1st April, and I need to pay for it in 3 instalments of 10k each. First instalment will be paid then and there, second one on 1st May, and third one one 1st june, so basically they've loaned me Rs 19k for 1000 rupees for about 2 months. Calculating this, I'll be paying 5.26% over a span of 2 months(complete April and May) , which is about 31.5% per annum. But I can't deduce 40% idk how they did that
@@sagardeswal6465 Aap ki baat sahi hai. But agar me CC se pay krta hu there mere ko 1st April camera buy kiya ki first installment of 10k ki payment tho 1st May takk deni hoti hai na? as CC ka buffer payment 30 days tho milti hai na? Maine zada no cose EMI se pay tho mujhe zada nai pata.
Lessons:- 1. Try to make retirement plan as monthly or annual as possible, coz when we receive lumpsum money, we tend to incur expenses superflously, which might make us pauper early and drain our retirement funds 2. 5 crs is enough money for retirement for limited needs. 3. We should buy and sell MFs after one year for LTCG, and save taxes. Do not believe that for MF, we have to invest for long term for more compounding. Coz we are just buying and selling, that does not impact our compounding. 4. 43:46 to 45:16 very interesting theory 5. Managing emotions during extremes like markets very low or very high, and taking actions at those times is what produces great returns. Ordinary returns to kya koi bhi kama lega. 6. End lessons are very important, end 4 minutes of video.
Can someone explain 23:50 how it is 40% interest? it is 3.4% but 1000 Rs he is paying in 3 month. How did interest become 40%. 3.4 x12 = 40.8% . But it should be 3.4 x 4 quarters = 13.6 percent right? Please tell me what I am missing here.
It's almost 40% only Just take it like 1000/3 = 333 1st month 333/10000=3.33% which will annually 3.33*12=40% 2nd month 333/10000=3.33% which will annually 3.33*11=36.63% 3rd month 333/10000=3.33% which will annually 3.33*10=33.33% Which is average 36%. He is right.
@@rajveereck didn't get this. Customer pays a total of 30K (10k , 3 months ). So on a 29K product he has paid 30K so extra is 1K, so increase is 1K/29K which is 3.4 %. Can you explain your thought process a bit in words. I think we are trying to justify what they said by making it annualized ...eod how much more you paid is what determines the interest rate... Or am I missing sth ?
@@7justfun 3.4% is monthly & 3.4%*12=40% is annual interest rates. Take it like on Rs 1000 FD of 1 year if u r getting annual 6% interest from bank.. than the monthly interest rate will be only 0.5%. Now u can compare monthly 0.5% to 3.4%.
I am 15 years old girl and I am learning a lot from your video, and It gives me so much knowledge about finance that will help me alot in the future when I will start earning. thanks for making India financially educated 😊😊
Thats all good BUT i belive one should hone skills and stream of income before they come into markets and investments.dont be too distracted by investment Focus on studies and ur goals GOOD LUCK👍
Don't get scammed in applications just search before investing please. One and only request cause when you grow up you will think of money making ways and scammers will be there preying on people like you 👍
Saw it Twice.. Valuable information. Good Job LLA. 🤗🤗🤗🤗👏👏👏👏 Financial Education needs to be taught at School level. Importance of Investing Early years, Power of Compounding these are the things becomes more effective if taught Early ages. Need to make these Mandatory Practical lessons. India will Prosper much early and people will achieve Financial Freedom much sooner than they think. #A_Proud_Indian 🙏🙏
Can somebody explain the maths behind that 40%? Rs.1000 is approx 3.5% of 29000. For 3 Months EMI, we can say 1.16% per month OR 14% annually. How did it become 40% ? He literally said “chalees percent”!
Suppose I get a camera that costs 29k on 1st April, and I need to pay for it in 3 instalments of 10k each. First instalment will be paid then and there, second one on 1st May, and third one one 1st june, so basically they've loaned me Rs 19k for 1000 rupees for about 2 months. Calculating this, I'll be paying 5.26% over a span of 2 months(complete April and May) , which is about 31.5% per annum. But I can't deduce 40% idk how they did that
Deepak Shenoy ji (guest lecturer) explained it in 1 of the comments. In short assume the first installment is paid on day 0 (day of purchase). So actual loan amount is 19k, not 29k. 2nd and 3rd installments are paid on day 30 and 60 respectively. So tenure is actually 2 months. Go to any decent EMI calculator or in Excel and the rate will come to 41.87% annual ~ about 3.49% per month.
1:16:32 muje to abi bhi samaj mein nahi aaya ki agar kal ko mere pass mota paisa aa gya to kaha invest krna hai? ye to esh video mein aapne bataya hi nahi.
1:18:04 Third takeaway: Listen to this if your salary is Rs 50,000 and you are still very young. Focus on salary Badhaing by investing in skills. You can make up for that loss of opportunity of early investment by having a 2-3x salary in 3 years
Suppose I get a camera that costs 29k on 1st April, and I need to pay for it in 3 instalments of 10k each. First instalment will be paid then and there, second one on 1st May, and third one one 1st june, so basically they've loaned me Rs 19k for 1000 rupees for about 2 months. Calculating this, I'll be paying 5.26% over a span of 2 months(complete April and May) , which is about 31.5% per annum. But I can't deduce 40% idk how they did that. They definitely said 40. Three times, both of them
First time I saw a video about financial literacy without skipping a single second. Thanks for bringing in such a valuable content. Keep up the good work!!
Cost of the product is 29000. You are paying 10000 every month for 3 months, so total is 30000 and extra 1000. How did he ineterst became 40%???? Where did the black magic happen here? Can somebody explain?
If you can read this, I want another video on “40% ho raha hai” please. Not only wo kese 40% ho rha hai but also how you managed to calculate so quickly.
A quick feedback: Overall, I enjoyed it but it wasn’t fulfilling. For one and a half hour video, I expected more information, more concise and tailored conversation but I genuinely appreciate the efforts and with time it’s going to get better. Kudos to your entire team. Keep it up. :)
LLA is fantastic; I became engrossed in the discussions and learned a lot from this podcast. The best learning was that if I start late / pause and restart with more capital, it is completely fine (about SIP), and I relearned a few more concepts like 10%/job increment should reflect growth on current investment, which I believe I already learned from you guys from an old content of yours. I've been following you guys for years, and your growth as a channel is directly proportional to my financial knowledge growth. Thanks Team !! - a member of your jagruk janta.
This podcast blown my mind ...I was used to feel lucky that I have a salary and I could invest the same proportion for long term ....I was not aware the return are uncontrollable...So why I'm focusing here...Now I got realised that the huge returns one can make by investing only on oneself (either investment over skills or business)... Thank you for teaching and insisting us in terms of financial literacy..😊🙏
Bro their is a practically proven study about inversely proportional relation between IQ and lead( in form of micro plastics and petroleum bland or others)
This is true blockbuster episode. Believe me sir you are rocking, this concept of yours is brillient. Thankyou so much for such kind of knowledge transafer.
Deepak Shenoy ji (guest lecturer) explained it in 1 of the comments. In short assume the first installment is paid on day 0 (day of purchase). So actual loan amount is 19k, not 29k. 2nd and 3rd installments are paid on day 30 and 60 respectively. So tenure is actually 2 months. Go to any decent EMI calculator or in Excel and the rate will come to 41.87% annual ~ about 3.49% per month.
Bhai Saab thoda Hindi main Bolte toh humko b smjh aa jaata jaane anjaane main humara b bhala ho jaata...kuch b pta nhi chala ki aap bolna kya chah re...🙏
Hats off to the LLA Team (Mandeep Sir especially) And Deepak Sir, this Was an eye opener aur bahut deep understanding wali baatein aise hi bata di jo log webinar me paise lekar bhi nahi batate hain.....Pure motivation and this will definitely change the journey of my investment. Cheers to everyone. Hope you see some more great content like this. 🎉🎉🥰
23:46 मुझे ये ४०% ब्याज वाली बात समझ नहीं आया 🤔 साधारण ब्याज दर = (ब्याज/मूलधन)×(12/महीनों की संख्या)×100 ब्याज दर = (1000/30000)×(12/3)×100% = 40/3 % = 13.33% एक और तरीके से सोच सकते है.. बैंक उस ₹30,000 को 3-3 महीने करके वर्ष में चार बार उपयोग कर सकता है.. यानी बैंक उस ₹30,000 पे कुल ₹4000 ब्याज अर्जित कर सकता है, जो की 13.33% ही है।
Hello Sir, I recently turned 18 and I am a freelancer and student ....... I had some confussion. Please tell me this. AY '22-23 is going on currently. And the AY started from April 1st 2022. What If I filed the ITR on 1st May 2022 then what will be the remaining 11 month income? Suppose I filed on 1st May 2022 Then How I could Pay Tax on this 11 month income?? And In which Month of a Normal AY I need to file ITR for both TDS and NonTDS Users ? And After All tell me difference between AY and FY with examples of this current year. And, Tell the Other Important things what I need to know After 18 years and Before first ITR filing. Please Make a detailed video on it. It will be helpful for New Taxpayers.
Sir ek help chahiye ESIC pension Aaj 2 years ho gaya pr mere ESIC vala ne pension chalu nhi kiya plz help 🙏🙏🙏 mere papa death ho gaya tha COVID 19 ke vajah se plz help sir 🙏🙏🙏
So many contradictory statements made here...... Save Karo, paisa h karch karne ke liye, marte hue salary ke baareme nai sochte etc etc.... Ab mera Funda , suno, I don't want to die struggling to pay hospital expenses and being a burden to my offsprings.... Toh , I'm going to save highest possible.....
If a poor man would have given this same knowledge to us then we would have ignored, but we have been listening to him just because he is capable and wealthy. Therefore, money is necessary!
This is simply awesome. No fancy big words but deep deep meaning in ev every sentence. Just loved it!! Great work Team LLA... Thanks for educating us, pls keep this momentum going. More power to you!
