Get the excel sheets here: Buying or renting a house: docs.google.com/spreadsheets/d/1x8hqle_qnaCbmbwTfJH5ugzPbEXwLlLm/edit#gid=1968868571 Find out more about Nissan Intelligent ownership program here: bit.ly/3BxRJZP Buying or subscribing a car: docs.google.com/spreadsheets/d/1urKGfWRh7OEwjvfNu7bXaev159pCCS7Z/edit#gid=1510517790 Term insurance vs guaranteed income: docs.google.com/spreadsheets/d/1-AV9psewtbYOJTg_6CmHpQwFlAClqzEI/edit#gid=1178601153
Hi Ankur, Thank you for guiding us with your videos. I just wanted to highlight that the maintenance you took for Nissan Magnite is too high, you can always opt for Gold AMC from Nissan which is of approx 17k for 5years maintenance apart from consumables like tyre and battery rest is all covered. ;)
Sir, Did u consider buying an EV for your brother-in-law ? Like Nexon,Kona,etc ? I am just curious if considered then what were the disadvantages of EV ?
Please mention in the video that you are doing a sponsored brand promotion. The brands you are promoting might be really good but still I feel it's the best thing to inform your viewers that they are consuming sponsored content so that they can make a wise decision. I'm not against any brand promotions but i just felt it would make the viewing experience very organic rather than feeling what you are telling is fake after watching the entire video and a few comments. Some of the content is Gold so cheers to that.
@warikoo Thanks, your videos are really informative and insightful. Kindly make a video on investment advise/savings options exclusively for employed women. Please do make a video on ULIPs as well, explaining its benefits and downside both.
I consider myself as a lucky person that I found your channel in my 20s . Your videos always encourages me to be a productive and better person. I want to say you Thank you very much for guilding us . I'm implying all your advises about life , savings , investment , time management . Right now I'm mainly focusing on time management and building a reading habit . I really felt like I'm connected with you . I'm also very inspired by how natural , simple you are , no filter Nothing , the way you talk , the way you fumble , the way you smile , you are the way who you really are and that is such an admirable quality.
Guys, as your elder brother i would like to suggest you, never ever follow anyone blindly. Decisions he took were good as per his circumstances but need not to be same in your case. Understand the facts he explains, check if it applies to you and then take a decision. This what even Ankoor is trying to teach. For example in this video the maintainance cost and other factors are different as per the circumstances. By the way I am also fan of Ankoor.
A Lot of Thanks, for your all financial advice which I started following in my life. Your video is always in courage to achieve my financial goal as a systematic manner by financial management
Hi sir My name is Mohd Salman I am 16s and I Learned a lot of financial education from your videos and noted all your best tips in my diary you explained very clearly in all of your videos thank so much now I am very confident and ready to take divisions and chalanges in my life. thank u so much from the bottom of my 💓. Shining off💫
3 best financial decisions: 1. Delaying the purchase of house as much as you can 2. Selling your car and move to monthly subscription plan 3. Buying a term insurance plan
1. I have not bought House till my 35,but have own plot in age of 22. 2. I Own Second Hand Car with good Condition (Honda Brio)with Less Maintenance. 3. I Have Taken Term Plan 1 Cr.
Found you in my 30's (34) trying to follow as much as I can. Very informative and inspiring, hope we all make progress from here on. Keep a track of every Penny you are going to use
Thank you so much!! I feel so grateful every time I watch your videos, that I have someone like you in my life to look up to for advice and to learn from your mistakes so that I can take better decisions. I can't thank you enough for sharing your experiences and learnings with all of us. Really really appreciate it! Wish I can meet you in person someday :D
How many Indians sold their cars in 4 years? Just because this figure is showing the positive outcome, you are considering 4 years. If you will go with the average of 6-7 years then owning a car makes more sense. Please don't speak anything just for the sake of paid promotion.
You can always do the math. And I would encourage you to do so. Over a 8 year period it makes even more sense to go for subscription because the maintenance cost goes up while subscription cost remains the same.
So true. He used assumptions that would go in his favor for the sake of paid promotion. As soon as the fourth years ends, it would have been a wiser decision if we had bought the car instead of subscription. Our family has owned 3 cars till now and we haven't sold any of them within 4 years.
Basic economic concepts such as Opportunity Cost, Cost-Benefit or Marginal Principles are needed to understand and think more rationally to achieve financial success. Warikoo shows this effectively through his brilliant storytelling skills. Good one!
agree with the 1st point but mostly we buy a house and use the ground floor for yourself and rest floors for rent which will cover your EMI and might give you cashflow also and you can technically live free
The 3rd part I learned during my CA final, where someone had come with this retirement cum insurance plan. Saying pay x rs per annum for 7 years and from 8th year you will get the same x rs per annum and after 15th year you will get 5x amount (don’t remember the exact figures). I was learning IRR on those same days, so thought let’s calculate it. It was shockingly approx 6-7%, FD rates were around 8-9% (around 2011-12 it was). And I was like my father had bought all such plans during his life and is happy that after 20 years, he is getting the money back. I was like papa humne samne se Khud ko lutwa dia hai 😅. But this is great you are putting it out for non finance people.
I learn form video 1) smart house investment 2) smart car investment 3) beware of credit cards 4) beware of insurance scam learn the difference between it 5) also opportunity cost is must and cash in hand is also important here 6) liquid assets ,investing etc are better one
Humble Suggestion: In case of owning vs renting a house Please consider capital gains tax since that can change the significant results as both assets class have different capital gain taxes and incase of we're purchasing the different house that tax is exempted also.....Please consider this also
Thanks Ankur Sir, I did 2 of them at the right time as per your calculation and I am definitely going to try the Car Subscription Plan now. Thanks for such amazing videos. Keep spreading your immense knowledge like that.
Thanks for sharing insights on top 3 investing decisions, I agree that differing the decision of buying a house at early age of career is good decision; We need to consider value of house as well after 20 yrs in the total value considereation.
The discussion and the points you always raise gets me connected with my own personal life. I always feel connected which is the moreover same situation with mostly. Your advise helps a lot and the warning to take care of.
I am 31 years, I earn 60k per month now, still never owned any kind of vehicle on my life, except a bicycle in school days. 😂 I always use public transport, (yes, even during COVID peak times, due to my job) My father has a scooter. From what I have observed is, if you are habituated in public transport, you will NEVER need private vehicles. I have seen many people who become uncomfortable when they go to other states when riding public transport. So, instead of paying 16k monthly for a car and paying for petrol, just use public transport, and if in a hurry, use Ola/uber sometimes. You will save a ton of money
I understand that you have much more experience than me but I feel each family should have at least one personal vehicle just because in case of emergencies or late night travelling, it is safe and trustable mode of transport.
Sir, during the first year government charges 0.5% stamp duty on loan. And maintenance is generally 1 to 2% of car price. I say this from having spoken with at least 9 to 10 of my friends, neighbours and colleagues along with my own experience of owning cars.
I follow the channel regularly ☺️. You are doing a great job spreading personal finance awareness. I think we missed a few points here in the video. 1. After renting for 20 years if the person wants to buy a house then what would be the appreciated value of that 40 lakh ? 2. In case of renting a car the calculations is done only for 4 years. But I think average middle class people who own a budget car like swift, alto, i10 or i20 does not change car that often. Mine is almost 8 years old( in decent condition) and I am planning to have it for at least another 3-4 year. Would really like to see what would be the calculation for owning a car for at least 8 years.
Excellent explanation!! Thank you so much for this.I see crypto as a growing field of interest for both businesses and individual investors.And was the best decision I make.
The main point of cryptocurrency is to fix the problems of traditional currencies by putting the power and responsibility in the currency holders' hands. They each also attempt to solve one or more real-world problems.
Crypto have a potential future and even though they have fluctuating values, these digital assets might find a way to become an effective means of payment,
My parents don't understand that term insurance is better than fixed income insurance, after watching this video they completely agree with me. Thank you sir ji🙏🙏🙏
Sir, regarding the car subscription, - What is the difference for 6 years of ownership? - What if the subscription amount increases sharply? - What about the hassle of getting maintenance approved by Nissan? I usually think your videos are amazingly researched, but somehow, this one falls short.. Even in the rent vs buy section, I agree on the overall idea, but the detail was lacking - eg. HRA is reduced, but the fact that HRA would be still paid as taxable in case of buying a house.. Benefits for a housing loan, etc.. were missing
Sir I am a Software Developer and you've said several times that you wanted to learn coding, looking at your logical fluency with excel sheets I think you'll be an awesome coder if you start coding.
Nice video!! Very engaging from the beginning to the END., I'm new to crypto trade and I have been making huge losses but recently see a lot of people earning from it. Can someone please tell me what I'm doing wrong,,......
Good video ankur. Do make videos of the avenues wherein one may invest to get 12% returns. Unless people are aware of them, it's difficult to adopt these lovely strategies.
Sir, very good imp knowledge u have shared with us, these are the things no one shares with us, all the people are selling and marketing mentality, but here u have given the concept of physics knowledge. when we are watching ur videos feeling the same spirit at college & school. thank u very much to share with us this valuable knowledge.
I agree with your suggestions on term insurance…however, car decision may have multiple caveats to think about. (Buying cost at end of tenure, extra charges for damages due to usage, extra km’s driven)…car decision for subscription works if emi is deducted pre-tax as provided for certain salaried individuals.
Also I didn't get the point that there is difference of approximately 30k between net amount purchased and subscription amount for total 4 years... that amount can be varied as the quotation are approximately... so not sure how much benefit it can give.
One point I would like to counter , you started - rental be same for 30-50 years , but rental has an incremental increase of 10% annually - that factor also needs to be incorporated
Though I definitely agree that a subscription may be useful, but I think the math that you are suggesting sir is a little exaggerated, i have been using my car for more than 3 years, I don’t think I have paid more than 40k for maintenance, and also not many replace a car after 4 years, and depreciation is too much(although that may be true for a nissan car).
Nice Analysis. Only caveat I found in Car analysis is that car will NOT require 137040 INR in maintenance in first 4 years of purchase. Maintenance should be around 50K INR in first 4 years for a vehicle worth around 6lkhs. In fact companies are providing 3 years of warranty and 3 years of insurance (Third party and Accidental) with new vehicle. Renewing own damage insurance with zero dep add-on will cost very minimal around 3-4K each year. This may turn around the story.
Please explain in detail, why we should not invest in FD and also all the other terms like inflation rate. if possible please make a video on this topic.
Plz , exaplain bond , how to invest in bond? What types are bonds available market ? Platforms options ? Sir , ur teaching style simple ,unique ! That why we love u!
The home rent calculation was really baseless, getting a house in 10k you can hardly get a 1bhk (in Kolkata) If the house cost 40 lac( btw you can easily get a 2 BHK in Kolkata for it) .You really need to reevaluate it sir.
This is precisely the reason why he shared the excel with all of us. You can put in your own numbers and calculate for yourself. I live in Faridabad @ 10k rent + 5k maintenance for a 3 BHK. House cost is around 65L.
Ankur what you have done, First you calculate the EMI on the basis of 10% interest that somewhere around 36K and get 2.5 cr corpus by investing 26K but in Home buying column you changed the interest rate from 10 to 7% So do mention how much returns we will get by investing 19k not 26k 😅
1. I have not bought House till now my age now is 35 yrs ,but have own plot in age of 22. 2. I Own Second Hand Car with good Condition (Honda Brio)with Less Maintenance. 3. I Have Taken Term Plan 1 Cr now .
I am 22. My friends who got their new jobs most of them bought things like Iphones and macs etc. I bought a life insurance and started investing. I am really proud of myself.
I like his way of explaining through excel sheets But life is a totally illiterate entity that doesn't know how to read excel sheets. Unfortunately life doesn't follow excel sheets..
To be honest ...I used to hate this guy disturbing me in every ad of RU-vid.... I was like " kya yaar yeh fir se aa gaya ..apna course bechne ...yeh agar itna talented hai..itna financially independent hai..why he is selling his courses on RU-vid " ... Later I watch couple of his videos .... now I realised that whatever this man says is true ....this guy actually share his experience and his mistake he has done in his 20s and 30s .... Such a genuine guy ...🙏
@warikoo Hi Ankur, the calculations shown for car rental option is not fair. Indians do not change cars every 4 years, middle class indians surely do not. If you do calculations for 10 years i think, owning a car would be preferable option. Even in 4 years options, resale value of a car does not go down by 25% every year. 4 year old 6 lakh rs car can be sold for 4 lakhs in good condition. Term insurance is a must for every one. Even the house one may make sense for specific cases. Many things to be considered apart from the ones you have. Love your content, learnt a lot from your videos. Keep making informative content, india needs financial literacy. Cheers.
Bagwaan kare hum sabke ghar pe chhat ho 07:56 ....sorry warikoo ji couldn't resist 🤣 Edit: Fun part aside, I found it one of the most sensible videos on financial planning. Great work Warikoo ji!
Definition of Oppotunity Cost - Every action (or inaction) has a cost in that you could've been doing something else instead. example - If you buy a shirt, you could've bought pants
Hi Ankur, Good Day. Can you please do a video on commercial real estate investment. The option seems very lucrative as far as the returns are concerned but at the same time is a risky affair. Can you summarise the pros and cons in a vid? Much Love Mayank
1)You forgot to Rental Movement for movers and packers. 2)When you buy on rent and go to diffrent house you need to invest some amount wear and tear of house, like AC fitting and other charges. 3)And while movement you tend to break electrical appliances which will cost you extra. 4)And i dont think everyone can earn 12 percent increase every year from equity market and what about the TAX on equity market.
If more people rent houses and less people buy houses, then rents will increase. It will lead to a time where rental yield goes up and people will start buying houses again. My best strategy: buy a house at a relatively good rental yield area, rent it out and use it to make up the rent that you pay somewhere as much as possible.
Thankyou sir this video is very important, and I'm very happy that I'm came accross your videos these are really great advice, that nobody tell to us, specially me, i also use to thik ki pehle apna ghr or gadi khareedu but now I'm thinking this way and realise i can save alot of money. Thankyou soo much sir.
If we think without emotions ,"is it really worthful to spend heavy money behind MBA program (assume in adecent college)if anyone has descent income??" I request you to cover this topic as well. Thanks sir 🙏.
