Quite practical tips. It is also true that people who were born in late 50s and 60s, such financial tips were not available. For example, I am 64 now, and retired. Of course, I have enough to pull on. Still, I feel I could have done better. I am talking in terms of exposure as well as investment opportunities, not to speak of limitations in terms of earning capacity, joint families, etc. Your views please.
Greetings sir, I am living Malaysia. Indian citizen. Last few months I have been seen lots of videos about saving. This one video clear myself a lot. Tq sir god bless you. I have also finding a Financial Adviser.
Nice future planning tips! But the most important planning for me as Muslim is planning for my hereafter life!!this life is short and unpredictable, but hereafter is the truth as much as you try to avoid it!! Planning for financial freedom is also important that we can’t predict anything, today you’re rich but tomorrow can’t say what is your position, so rather begging from others we should be financially free to avoid any kind of depending, the best point in this is regarding the home for NRI , many buy home and staying in another country which is big mistake, the best is to have a hand in all the areas like Land, passive income like rents, Gold investment, MF , partnerships in business goes on!!
According to me, financial freedom plans should be included in our school syllabus... I started earning from 21 years. But i had no idea about how to plan my savings. Majority of us join in some LIC plans as i did, bcz our neighbor or relative is an LIC agent. Other than that money will be deposited in the salary account. I used to give money when people ask for financial help, bcz i had money in my account. Sad part majority of them didn't give it back, or delayed for so long to pay back. 😔 I used to get surprised when my seniors who were earning 5-8 times my salary were talking about struggles in life due to less salary, as i was happy because i had 50k-80k in my account unspent. It took another 10 years for me to think about the savings and financial freedom.. so every one should think about saving from the day he start earning..
This is absolutely true ! those days I used to think that I am earning enough and I wont have money related problems. But now I realize how unaware I was.
You are 100% correct. Same thing happened to me. There was no guidance from parents, friends or relatives for financial planning. I couldn't able to plan properly and now I am suffering a lot.
Well said sir for the important age group persons which is very important and useful if they prudently uilise and implement one by one and eventually they may become wealthy persons .No doubt about it.
1. Sitdown with partner and discus with 10 years about how to spend the money to know. 2. After review income earnigs and expeditire and how much aavings. Saving have to be done. Wife not working consider wife to work Buy second hand car instead of new. Stay in moderate less expensive flat instead high rental. 3. Professional finincial planer hire. 4. Protect yourself you and your family.. by taking health insurance and Term insurance. 5. Build emergency fund by FD, savings back account, mutual funds etc. Dont use this money for luxury purpose. How much of adequate fund need. 10 times to your annaul salary. 6. If your age is 38 and retirement age is 60 balance is 12 years. So start now for retirement corpus. 7. Child education money to plan. 8. Clarity about where you eant to leave it there only buy dont rush. 9. Welath building real estate, business,.land, house etc if you have extra money
Very good suggestion, but I disagree on the house front. I think (again, this is my personal view) that one should buy a property (house/land) when he can afford to pay out the EMI (not more than 30% of your salary). Because remember one thing, your bank will give you loan considering your age. If you are planning to buy something at the age of 50 or 55, bank will give you loan only till 60. Now you can argue that I will put aside the same EMI amount and then buy house at later stage. But trust me, considering the saving habits we have, It is next to impossible. I never knew where my money used to go before house loan EMI stuck me. Planning is one thing, but implementing the same is another.
Very intersting and good tips sir.When we elderly ppl advice these things, our childre won,t listen.instead, they say they belong to new generations and not supposed to follow the guidelines given by their elders. They have to go thro.your videos.atleast to some extent they may adopt some of your guidelines😔🙏
They are right .. once these are adults we should gracefully take backseat and allow them to live their life . Please subscribe and keep sharing the videos
Thank you so much sir for providing such deep insight for financial planning for age band 35 to 45 , I am 36 and believe me before this I was always in dilemma how to utilize investment options to the fullest so as to get the maximum out of it for fulfilling my all resposibilities in my limited income . Your video is really a solution to my maximum problems again thanx 🙏🙏🙏
I am watching your channel first time today, you are giving a very useful information, advise and guidance to the masses. Will follow with my questions very soon Sir
Thanks Sir, advices are very practical and realistic. Didn't feel like you are pushing your viewers to hurriedly buy certain policy/SIP/mutual and that's the best thing I found in addition to the good suggestions.
hello sir , you are doing very good job by spreading financial literacy for NRIs, i am marine engineer working since last 10 years and i also followed the same pattern for investing and saving and kept all boxes checked since last 6 years...really happy to watch one dedicated youtube channel for nri financial planning , all my best wishes..
Thank you very much for your kind words. Please subscribe and keep sharing videos . For any professional assistace you can Whatsapp me n +971 50 148 4595
Usefull information . Iam 38 🙂 . Last 14 year's to working as a private school. But I didn't plan anything. Now my bank balance is 0 🙃. Still working. Now I must follow these steps for my future 😓. Tqu Sir for giving knowledge 😇. I will try to do it
Your videos are truely awesome Sir. So far, I have watched majority of your videos several times already and plan to watch remaining available videos too. I was completely convinced with your thought process and excellent practical advice. Thank you so much, Sir.
Simply amazing. I've been browsing RU-vid for such advice since many months. The prioritisation order of goals is indeed fantastic. You have definitely earned a subscriber.
Money comes under virtual asset. Always go for real asset, additionally money does not help everytime. However good health, good resources always help for better living
Sir, loved the way you have segregated the priorities of savings but you didn't tell us how to reach our goals . If you can throw some light on it will be helpful...
@@NRIMoneyClinic - Agreed. Can you suggest a financial planner based on your experience please ? This will not be considered any promotion but I am definitely looking for support. You can inbox me.
Insurance should have been discussed little in detail sir, like life and health and proportion of allocation towards each. Remaining all the contents are good. Thank you 🙏
