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Living On Rs.3.5 LAKH Per Year in MUMBAI| Fix Your Finance Ep.60

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Hello guys, welcome to another episode of Fix your Finance. In today’s episode, we meet 24-year old Anirudh, who is an engineer. Anirudh works as a system engineer and a cyber security analyst in an MNC. In this video we discuss his income, expenses, loans and goals. We discuss in detail-
- the things to keep in mind before purchasing a home
- how to come up with well-defined actionable goals
- the importance of upskilling
and much more!
Enjoy :)
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Disclaimer: Neither the guest nor I am a SEBI registered investment advisor. Information shared is only for educational purposes and not investment advice.
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Опубликовано:

19 авг 2024

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Комментарии : 199

@satyamsharad40 6 месяцев назад

This kid is highly privileged, He should be a little relaxed, his father has done the job for him. One generation has already built the asset, this kid can be more aspirational. Unlike who has to build from scratch.

@gaurav_shukla001 7 месяцев назад

TCS. Even if you upskill its through elevate path and you et 7.51 at your exp level.

@shenoysainath 7 месяцев назад

The salary is similar to what I used to make in 2005 (with 2 years of experience). I am surprised that salaries haven’t changed much in the last 19 years

@bkcy18 7 месяцев назад

There are companies that pay better than that in this economy. You just need to look for them and be skilled enough to make it.

@Blitz270 7 месяцев назад

What are you making as of now, curious to know about how much growth we get in IT companies?

@shenoysainath 7 месяцев назад

@@Blitz270 no longer in India, so doesn’t apply

@Gyaan_paapi 7 месяцев назад

@@Blitz270 I started with 3.36 lpa in 2018. After 5.5 years & 2 Switches currently I am at 13.43 in my hometown & I am not an an extraordinary performer or anything, I am always above average. I am planning for the next switch in 2024. Let's see. Hope it gives you an idea. 👍🏽

@Blitz270 7 месяцев назад

@@Gyaan_paapi great bro..🤌🎯

@Man_Way 7 месяцев назад

TCS TCS TCS TCS 🤩🤩🤩🤩🤩

@phoenixawasthi5652 7 месяцев назад

Anshuman is either didn't get sleep for 4 straight days or high on something way too good 😁

@muktharmuhammedmukthar2662 7 месяцев назад

😂😂

@pulkitsareen3709 7 месяцев назад

😂😂😂

@anshumanfinance 7 месяцев назад

Insomnia gang, where you at?

@anirudh5484 7 месяцев назад

I think Anshuman has fixed his diet. He is getting slim.

@phoenixawasthi5652 7 месяцев назад

@@muktharmuhammedmukthar2662 😂😂

@mindkhichdi 7 месяцев назад

Blows my mind that educated people don't have any idea of finances.

@eminem2088 7 месяцев назад

Pre Payment Charges are only for fixed interest. Usually home loans are flexible Interest, which doesn’t attract any pre payment charges.

@MrDantheman69 7 месяцев назад

Seems to be a well focused guy...but his friends misguided him into buying a house totally not worth it...these loans are wealth killers when ur not able to afford it..Good Episode.

@piyushthakur3402 7 месяцев назад

guy is earning 3.50 lacs and working for 2 years ....he made 14 lacs from his investment and has another 2.50 lacs in mutual fund for payment ....what kind of conversation is this ...

@Rohith_Chandrasekar 7 месяцев назад

Suggest, you watch the video again

@_radON 7 месяцев назад

saying is to first watch then comment. he never said that 14lacs was paid by him. Just the 2.5L in MF is what first slab payment he will do and the remaining 10-11 lakh has to be paid after 2-3 yrs for which he will save as much possible.

@anshumanfinance 7 месяцев назад

Correction - The taxation figures mentioned for debt mutual funds at 12:27 are incorrect. From 1st April, any capital gains earned on investments made in debt funds on or after 1 April 2023, will be considered as short-term capital gains and added to the investor’s income and taxed at the applicable income tax slab rates, regardless of the investment holding period.

@theoneandonlykash 7 месяцев назад

Please pin this comment

@MohitYadav-th7fz 7 месяцев назад

Bhai tum kya sirf Bade City me rahne wale Lakho per month Kamane walo ki hi Help karte ho kya..? Ya phir Chote city me rahne wale hazaro me kamane walo ki bhi help karte ho 😏

@playwithvihaan7601 7 месяцев назад

This person used to spend ₹14,000 to go to the office via car while earning ₹30,000. God bless him. I just wonder where this spending behavior will go as he starts earning more. Not even God can help him.

@whatever3041 6 месяцев назад

Look at his house, the sofasets, etc, all very expensive. It means his parents are super rich so his salary is pretty much his pocket money.

@Ashleycorrie8494 7 месяцев назад

I'm hoping to retire next year at 55. My goal this year is to be more serious and consistent with my investments I've been investing since I was 22. 2024 is going to be more serous for me investing consistently for the long term. starting to save for a house down payment. I want to invest more than $105k, but I'm not sure on how to mitigate risk

@Bradleyschaeffer376 7 месяцев назад

Best thing you can do to derisk is diversify.

@Seanmirrer 7 месяцев назад

Its unclear which stocks and sectors will lead the market in the next uptrend. It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.

@PennyBurdick318 7 месяцев назад

A good number of people discredit the effectiveness of financial advisors, but over the past 10years I've had a an advisor consistently restructure and diversify my portfolio/expenses and I've made over $3million in gains... might not be a lot but i find myself secure financially

@Rhgeyer278 7 месяцев назад

Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?

@PennyBurdick318 7 месяцев назад

Samuel Peter Descovich is the analyst that helps me. He has a large following and is easily found online. He has extensive understanding as I have made so much since following him.

@shubhojha1004 7 месяцев назад

I have just come to Mumbai for my internship and this video is what i needed

@taurus50000 7 месяцев назад

Its better to start with a 30 year loan and also start an SIP simultaneously in an index fund . The returns from index fund would be significantly higher compared to home loan rates. Once you have build enough corpus with the mutual fund, use that to pre pay the home loan.

@nishik810 7 месяцев назад

Yes. Average home loan tenure will reduce as he start to earn more and prepaying the loan. As he's upscalling himself which is right direction

@MithunDhar88 7 месяцев назад

Well said. Those who are against real estate doesn’t look into these options unfortunately..

@curiousindori 7 месяцев назад

One issue I have with this logic is that, home loan emi are a almost fixed expense. No matter what happens to the economy one has to pay 6-9% interest on that money. Whereas index fund returns are variable and very market dependent. So this strategy has a risk of over leveraging oneself and ends up losing a lot of money in interest. Another issue with this strategy occurs if someone does not invest regularly or stops the sip because they feel the market is at an all time high. But then does not start the sip again at a later point. The extra cash remains in the bank account rotting away. Strategy looks good on an excel but can have very real execution challenges.

@noneedofname 7 месяцев назад

When you're influenced by finflunecers too much 😂

@ayushsam12 7 месяцев назад

bro don't start sip start a booster sip

@rohitgupta8000 7 месяцев назад

Anshuman ,first of all take care of ur health . U should also visit small towns bcz savings in small places are more as compared to metros

@evilmanoseth 7 месяцев назад

Taxation on debt funds mentioned is totally wrong. Please rectify it !

@rajeshkumarjha1536 6 месяцев назад

This boy finance is already fixed and done a fabulous decision.

@xplorewithmosh1295 7 месяцев назад

When he said opd bhi hai , confirmed he is from TCS 🤫

@AmarRebaro-qh8wz 6 месяцев назад

Wages hasn't increased as much as cost of living. Vote for change in 2024.

@dhawaljain3837 7 месяцев назад

biggest mistake to withdraw 20L from market and buy home abhi wo 40 to 50L hota

@nrupal_gtx_gamer9594 7 месяцев назад

Its parents money how can someone earning 3.5LPA generate such Corpus in mutual funds. Unless he picked some MULTIBAGGER stocks

@lifeisbeautiful4371 6 месяцев назад

Kuch bhi….he told the downpayment(14lakhs) is slab wise…he has paid a downpayment of 4lakhs until now and for next slab he is gonna withdraw 2.5lakhs from mutual fund not 20lakh!!

@user-jm3zt2or3z 7 месяцев назад

Been watching your videos & felt, especially of salary brackets 15L - 40L (Combined income) would be good to be reviewed as most of the IT professionals fall in this bracket! Thus, a lot can relate to the mistakes they commit & areas of correction/avoid commiting such.

@anshumanfinance 7 месяцев назад

Noted, next few videos will be relevant for you

@srinu7011 14 дней назад

No, if the bank gets amount pre payed early they can invest somewhere and make assets or profit, or they can give loan to some other person and gain interest from them too. So the bank always accepts the prepayment or early payments of loan. In home loan there is no prepayment charges, yes in personal loan there is the charges.

@LordAmanIT 7 месяцев назад

Bro works in TCS 😊

@mukulbajpai6190 6 месяцев назад

There are zero pre-payment charges in public sector banks. Infact in my bank you can even close a personal loan (let alone a housing loan) within a week of taking it without incurring prepayment charges.

@paulchemi 6 месяцев назад

Bro buy whatever you want and sell whatever you have if you want. Don't give financial advice to job holders. If there is no buyer then how will businessman sell products? 1 lakhs after 21 years of repeating business can become 1.28 cr. Starting a small business is not difficult for job holders. So people who don't have job can become rich only by business. If job holders engaged himself in both activities then there will be big problem.

@vvkweeklystocklist4599 6 месяцев назад

Good that he purchased house at a very young age even though I won't do that. Closing the loan is not a big deal if he can increase his earnings soon.

@rohitsoni9325 7 месяцев назад

WTF! I'm in cyber security from last 4 years, and you CAN'T expect a jump of 100% just by doing CEH. CEH is of practically no use its just another cert.

@muzzafarnazirbhat530 6 месяцев назад

I earn 40k a month in a small town in jk, looking at the daily expenses, I don't think I can afford a 1-2lakh bike, p.s I'm single and live with my parents.

@PhotoshoppersStop 7 месяцев назад

Is there any other's ways to grow salary staying in TCS other than On-site or TCS Digital? Thanks

@mk67890 7 месяцев назад

Switch kar lo

@kartikeyagupta1466 7 месяцев назад

Switch 😂

@Priya_412 6 месяцев назад

No way other than digital

@Rohan3589. 7 месяцев назад

Itna loan kis bank ne diya waise itni salary mai ????

@varuntarak1110 7 месяцев назад

I think his father is co applicant for the poan

@nemotivity 7 месяцев назад

Hey Anshuman, are you okay? Your eyes don't look great. Please take some rest. Have a good amount of sleep.

@arunvvk 7 месяцев назад

His hpme doesnf look like 30k salary , so nice ambeince.. 😊

@AkashVerma-em1gk 7 месяцев назад

It's his father's house

@abhishek8243 7 месяцев назад

Parents house.

@oishik291091 7 месяцев назад

Anshuman ji galat advice de rahe ho : on an average 15 to 18% ka gain aayega , and considering the market and election year it could be much higher even after exit load and tax payment he will be gaining more than normal bank account

@PratyushMishra7 7 месяцев назад

Worst episode 😢

@luckyubale4795 7 месяцев назад

Why bro 😮

@mrinalamin7872 7 месяцев назад

Why buy a house when you pay exorbitant interest for 30 years or 20 years..

@neeruksingh 7 месяцев назад

Anshuman please take care of your health and sleep 😅

@techtunetales 6 месяцев назад

Mumbai jaisi jagah me 4.2LPA is too low bro mtlb too much low Hamare Maa-baap ki savings ne hi Tier-3,4 sehar k logo ko bacha rkha hai warna to Tier 1-2 cities me bahut bure haal hain sb karz me dube hain

@satyamjha6566 6 месяцев назад

CEH won't help him in getting 8 LPA at max you can go upto 6....then after some experience he can get more

@realavdhut 7 месяцев назад

bruh ceh is so much irrelevant now in terms of skills

@kumirtechtalk5983 2 месяца назад

He earn 3.5 lakhs, not in tax slab, he not to pay in any short term gain or long term gain taxes right now 😂

@prasannanaik1023 6 месяцев назад

I don't know what you have gave him to fix his finances condition, he said 10cr wealth he want to build and said about his loan. At the end you haven't given any solution or tips. just wasted my time

@letstalk1959 12 дней назад

घर ले लिया बढ़िया किया। एक कम्पनी चेंज करो..24 लाख का लोन खत्म करो। मैक्सिमन 3 साल में। उसके बाद कुछ भी मत खरीदना। सिर्फ SIP करना और करते रहना। पैसा बन जायेगा। घर लेने का फैसला बिल्कुल ठीक है। डरना नहीं है। 24 लाख कुछ भी नहीं होता है। इतना पैकेज आराम से मिल जाएगा IT में। बस पढ़ो और बढ़ो।

@vinays1491 5 месяцев назад

if site value is 2000sqft for 30*40 in next 5 years what would be the value ?

@adityakolhatkar8703 7 месяцев назад

@anshumanfinance - Great video, a quick question related to home loan. Option 1: Increase my home loan monthly EMI by 5000/- | Option 2: Make a pre-payment of 5000/- per month, keep EMI same. Which option benefits me more, considering there's no pre-payment penalty and someone is diligently willing to pre-pay every month without fail?

@shivkumarjha2224 6 месяцев назад

Better to pre-pay annually, as the pre payment reduces the principal amount that would reduce the total interest a lot. However, if you simply increase the emi, you'd still be paying mostly interest as a part of the emi.

@sw9038 7 месяцев назад

Discuss about inflation rate also

@tusharjaiswal9951 7 месяцев назад

Anshuman great interview with khali sir 😀

@mk67890 7 месяцев назад

Ok keyboard warrior 😂

@shounakchandra2631 6 месяцев назад

Bro works in TCS

@paulchemi 6 месяцев назад

Anshuman please stop giving financial advice to these guys who don't have financial knowledge. If they understand finance then money supply and flow in india will decline. Then we have to face big unemployment problem. If everyone cook for themselves then what will happen with hotels.

@aa01010 7 месяцев назад

anshuman sir, you are looking low on energy

@shubhojha1004 7 месяцев назад

Looking at his shirt i think cricket match dekhne jaa rha ya fir dekh ke aa rha and usi time ahoot hua ho i guess?

@anshumanfinance 7 месяцев назад

@@shubhojha1004 Shot this video after an intense workout! P.S. I took a shower and went :P

@Tech_Enthusiasts_Shubham 7 месяцев назад

you are doing really great work bhaiya really by heart

@skmillionaire333 7 месяцев назад

Why does his body looks huge compared to his face it looks like edited idk why is it so

@Sabsebadepapa 7 месяцев назад

This guy has huge hands 😮

@Rohith_Chandrasekar 7 месяцев назад

He himself is huge

@takahashilubale7936 6 месяцев назад

bc😂😂😂

@nakul88 7 месяцев назад

Nice share bhai

@Honeybali 7 месяцев назад

Wooo we are paying 26000 to our worker I shop and food is over and even accommodation is over and one month sallery bonus on Diwali and he is just 5 class educated and he is after education in engineering is working in 30,000 ooo so sad to see him after so many year education and so much money spending still he is in this condition

@srinu7011 14 дней назад

You cant increase 10% salary increase to your workers every year, and if your worker switch to another shop he cant demand to increase his salary to 30% hike. Think about the future, not present😅

@zxcccctttttt 7 месяцев назад

Mujhe pata hai video mein kya hoga

@AkashKumar-ts4iu 7 месяцев назад

Bahut paise wale baap ka beta hai. Doesn't need to fix his finance. Dad will take care

@sarveshkhatnani5349 6 месяцев назад

There is no prepayment charges in home loan as per rbi guidelines

@maheshmahapatra1 6 месяцев назад

One of the poorest MNC - TCS

@gayathrisrandomstuffs9281 6 месяцев назад

He is working for TCS

@ashithkumar1400 7 месяцев назад

He is working in tcs i think 😅

@kakashisenpai99 7 месяцев назад

Correct 😅

@nirus3265 7 месяцев назад

Why bro

@amitsuju 4 месяца назад

Advertising a company like Dream 11 goes against the creed of fix your finance. I feel sad about this.

@anshumanfinance 4 месяца назад

when did we advertise Dream11?

@amitsuju 4 месяца назад

Your tshirt says dream 11, does it not?

@anshumanfinance 4 месяца назад

@@amitsuju bro that's the Indian cricket team's jersey

@pranayshetty7500 7 месяцев назад

3.36 tcs

@vaniv187 7 месяцев назад

Hi Anshuman.. Please explain more on inflation. How do we calculate the present scenario after 5-8 yrs in future... I need to plan for my daughters' marriage expenses. Upper middle class family.

@anshumanfinance 7 месяцев назад

Will take this up in the next set of videos or in my newsletter!

@vaishakhpv13393 6 месяцев назад

Your inflation adjust returns will be as per this formula. (1+ return) / (1+ inflation) -1

@vishwanathmalkari 7 месяцев назад

HDFC 4%prepayment charges

@financewithsom485 7 месяцев назад

Tcs me he bhai

@sumeet3773 7 месяцев назад

Bhai yeh micky mouse walah background music hata de

@TheMarketIntel 7 месяцев назад

Great sir

@xfinity9397 7 месяцев назад

Wipro Wipro Wipro

@RohanSingh16021 7 месяцев назад

living* - Surviving.

@DRPg-mq6rp 7 месяцев назад

Anshuman sir ....iam govt mbbs doctor have loan of 70lakhs. Becoz of father mistakes..... Iam unable to manage finance please help me

@awakennight2834 6 месяцев назад

Hmm, what is your monthly income?

@RN_Vlogs 6 месяцев назад

Pakka TCS🎉🎉🎉

@ivinitmittal 7 месяцев назад

Which health insurance is this? Opd wala?

@harshitsharma6771 7 месяцев назад

Anirudh Bhai 😎🚀

@d4devotion 6 месяцев назад

He is definitely in TCS 😁

@Aflatooniravi 7 месяцев назад

i have SIPs in mutual funds which are running from 4 years. Now i want to withdraw the amount. but latest SIPs were invested last month only. Do i have to pay exit load and Tax deduction will be there? can i do partial withdrawl to avoid exit load and tax?

@jabneelmm3044 7 месяцев назад

The units bought after the exit load applicable tenure incur exit load. In your case the units you bought before 1 year won't incur any exit load. Partial withdrawal is totally possible. You can just withdraw 3 years of corpus and leave recent 1 year corpus invested.

@kvmprashanth26 7 месяцев назад

Hello Anshuman, Big fan as always :) I hope your remember me :D Your video mentioned LTCG on debt funds (second point) as 10% tax rate on the amount exceeding 1 Lakh without indexation which I believe was never the case. I believe all debt funds or debt oriented mutual funds are taxed at investor's slab rates post 2023. Please look into this point and make the required corrections (if required). Keep up the great work.

@itrakiufhn 7 месяцев назад

Ab aaya uat pahad ke niche 😅😂

@kurnoolkhaleel7845 7 месяцев назад

Bhai kidar khogeye the, dhund raha tha do haftoh se idhar se udhar. Finally video toh agai, but you are looking too tired bro. Have a good sleep 😴

@bonniewright1103 7 месяцев назад

Worst Episode so far. Privileged kid

@neelsrv 5 месяцев назад

Infosys guy spotted.

@shobhit.sirohi 7 месяцев назад

make more money

@ArjunLahiri 7 месяцев назад

Around 7 mins time i lost hope 😂

@ganeshgunagi1573 4 месяца назад

Why you look sleepy in this video?

@victordutta798 7 месяцев назад

17:13 💀🏳‍🌈

@takahashilubale7936 6 месяцев назад

BC💀💀

@ArpitSharma-kk9tl 6 месяцев назад

TCS me job kaarta Hai bhai

@mukulmandal2416 7 месяцев назад

If u want to sleep then better sleep and then make the video.. No energy no interest in making the video.. Just for name sake you are making the video..

@YankeeTM Месяц назад

CEH is a beginner cert lol.

@ajaykrishna8538 5 месяцев назад

Bro is from TCS😂😂

@yogeshgite8334 4 месяца назад

Banda tcs ka hai

@deekshithkumar1955 7 месяцев назад

Same India🇮🇳 shirts😂😂

@zeda0w 7 месяцев назад

Ayushman should also start fix you fitness. Ayushman raj kya hai fitness ka bhai ???

@BTomas-Blackheart 6 месяцев назад

Who the hell is Ayushman? Apne Khurana ji ka londa?

@kunalr_ai 7 месяцев назад

main bhi qliksense developer tha 3-4 lakh ki salary par kaun kaam karega

@technoeleven 6 месяцев назад

bhai tu tcs mai h na 😂😂

@prajvalm8796 7 месяцев назад

TCS hai bhai

@Vakyansh-tv2gn 6 месяцев назад

Bro....upgrade yourself too

@avikgupta44 7 месяцев назад

TCS thing xD

@dhrumitkumarpatel8855 7 месяцев назад

❤❤❤❤❤

@sushimamitabh 7 месяцев назад

Infosys

@amitbansal7754 7 месяцев назад

Tabiyat kharab hai kya bhai?

@MohitYadav-th7fz 7 месяцев назад

Bhai tum kya sirf Bade City me rahne wale Lakho per month Kamane walo ki hi Help karte ho kya..? Ya phir Chote city me rahne wale hazaro me kamane walo ki bhi help karte ho 😏