I can help him in a better way instead of taking a personal loan. I am getting involved only because I can feel his low confidence. It's just a suggestion. I already almost finished my loans through this technique and made some assets too.
Anshuman, having English subtitles will be more helpful for people who don't understand hindi. Your content is useful irrespective of what language it is, but it's difficult to understand.
on the other hand with me I am a student earing 15k in a internship i look on to these videos and in my head plan how would I handle this situation and how would i manage myself if i had the salary on the person in that video this satisfies my finance geek which got crushed by opting engineering
Depending on the facilities at his parent's place, he should consider moving with them. He can save on rent and other expenses. Debt consolidation is the best option available to him right now. If he can save Rs.20k per month, this situation will get solved in 1 year. Should be easy considering he can work from home also. Also, say no credit. NO credit cards, NO BNPL, NO new EMIs. Just live on what you have. Dave Ramsey would say, "Stay at your mom's basement, live of rice and beans, clear your debt".
man you just spoke brutal facts. I am observing people around me buying everything on emi which they can't afford to buy and end up paying hefty emi...
Won't work. He will spend the new personal loan amount again in random pleasures of life. He needs adult supervision, preferably an adult with 3L to spare
The best option what rightly suggested by Anshuman is getting single personal loan of ₹3 lacs (which will include pre-closure charges) @ 16-17% for 3-4 years and closure all existing obligations. So revised single EMI would be ₹9-11K. Hence, he would be able to save as well around ₹5K at month end and live his best age of life.
Just one problem bhai isme agar ek personal loan agar bank ne koi personal loan x percentage pe dediya hai naa toh agla bank usse kam percent pe nhi dega and ab iska cibil bhi kharaab hogaya hai toh ur option is good but practical life mein possible nahi hai
Jugad se milta hai main same to same situation main fasa tha main bahot frustrated ho Gaya tha toh maine cibil kharab hone ke bad bhi bank se jugad karke loan liya hai @@vyshnavprakash4906
@@AmanarnejaIf I'm not wrong he said he works in influencer marketing department which means he's getting the marketing of products of his company or his company's clients through influencers. When did he say he's an influencer himself. 😅😂
I am glad that even with less salary initially, I could save so much money only because of my spending discipline. Also, I prioritized investing instead of wasting money on luxuries. Salary situation is far better now but spending discipline is continuing...
When I was child i used to think that i can take loans and would take another loan to pay that off and go off with it and this guy took that so seriously 😂😂
Absolutely love the fact that Anshuman understands how personal, personal finance is to oneself! Have almost watched all episodes of fix your finance due to the same reason. Very well going Anshuman!💰😍
If he just makes 2-3 websites per month his life will be settled but he will have to work his ass off for that, I know its easy to speak but if he has to live a healthy life he has to also more power to you man, people will say a lot of shit but ignore and work ull get out of this.
This is reality of most of the people. One of the close friend of mine is so addictied to spending from Credit cards, that over the course of time, his bills piled up so much that it's almost his 2X 3X of his salary. He had to take personal loan to pay credit card bill. But the spending is still going on. It's not that he doesn't earn less. He earns a very good amount, but he spends money on things he can't afford. Buying expensive gadgets, going on expensive international trips,going to expensive clubs on weekends. Unfortunately he got married to an immature girl who doesn't care about his husband's situation. She earns her own money, spends her own money and doesn't care about her husband's debt. She will probably divorce my friend also because of family issues .
Bhai kuch logo ki mentality thik nhi hoti paiso ko lekar. My friend earns 30 k but bought 1 lakh iPhone which is three times more than the salary. Mostly people don't know how to manage salary.
I am an engineer but I did not get placement during college time then I had to join my family agriculture after my college . Today I earn 35-40 lpa and have earned more than 3 crores in the last 7 years.
One of the best solution for him leave the city the stay with your family it will sav your rent and food expenses which you can utilise to get out from the loan While considering that you have a work from home
30% of his salary is spent on rent. Shouldnt he move to his parents home and save that aspect of it. Could be many reasons which may have not been covered in this video, but if he can move to his parents place, he should consider that.
I seriously feel like a loser that I have been cautious all my life by not taking any unwanted loans and living mediocre life.. The clients on this channel have some strong balls to be easy going inspite of taking random loans left right and centre and constant negative at the end of month and yet being alright with it
This a great video and learning why financial education is important starting from school days. Kudos to Anshuman for making these kind of content. No wonder compounding is said to be 8th wonder of world.
I just wish to share my story as I've gone through pathetic challenges which involves personal loans, credit cards and NBFC apps of loans worth 35 lacs. But it unleashes some of my life corners which can't be made public.. 😓
@@staytune20 With no way out, I have settled all my loans to 20 lacs and got rid of them. This option hampers my cibil score forever, but I weighed staying alive and starting a new life would be better rather than being succumbed.!!
Thanks Anshuman for another awesome video. I hope that guy will came out of debt traps. Also suggestion, Could you please make videos on steps to clear such loans and correct ways to take home loan or car loan. Appreciate your work man...Kudos to you.. 😘🤩
if all his is work can be done from home it would be better if he moves back to his home with his family where he'll have negligible expenses and whenever his debts are paid off ( ideally 1 year) then he moves back to tier 1 cities for further career growth. this is just a recommendation
Anshuman bro, i liked the way you took everything so subtly, without any wild reaction. This instills confidence and comfort of the opp guy while sharing the info. I am sure this guy would come out of debt soon.
This is becoming a very common trend amongst today's generation. The lure of no cost emi or zero interest loans is making them daredevils into buying things which they don't need and can't even afford.
Lucky for him to meet anshuman cuz I love to watch his show I came to know recently but I really love it. If you could give advice or tips for saving money who are earning 25k-30k per month that will be great anshuman. 👍🏻
The best part is that he is just 24 years of age. It’s a great learning for him. Simple solution is it work extra increase income , clear debt and move forward. Great job Anshuman👍
😮😮😮😮OH MY GOD!! Budget tracker and income excel sheet is Amazing, its something leveling up in life:) EVERY ONE MUST DOWNLOAD the 2 excel sheets attached in video description, this will save us from our mistakes and build our BRIGHT + controlled + peaceful future. BRO I am your BIG FAN now❤, Your videos and amazing content is helping a lot❤
Are bhai kis chomu ko samjha rahe ho.... Use khud apni sari problem pata h, main cause pata h, but wo kuch action leta nhi h. Or wo ab bhi kuch action lega nhi
6:20 aur Bangalore toh Bangalore hain... Bro made poor Financial decisions all his life till now and blaming bangalore. Just don't understand why people take loans in some random apps in Play Store and decide to do KYC by giving important details to fishy apps. There are banks who gives loans on your credit card, use it and pay much lesser interest
Bhai tu apne parents ke sath reh le...tea kam se kam 15k-20K atleast bach jayega per month or waise bhi tu work from home karta hai ye bat video me nahi boli gayi
Very few I saw that are doing SIPs. Our generation is not understanding one thing that we aren't getting any Pension/Big Corpus at the age of 55/60 similar to our parent generation.
One request plz make videos from lower middle class family or else village people ( under 5 lakh ctc) These videos are only helpful for 5% people of india 95% people are earning under 5 lpa , it would be a great learning for india🎉😊
When I was 24 years old I had accumulated a loan of 3 lacs from credit cards and was paying only the minimum amount. That mistake cost me so much that I was able to repay all my debts by the age of 29. I regret this until now because somehow that mistake had cost me the prime years where I could have done the SPI and would have leveraged the compounding effect. Now as compared to some of my financially sound friends, I fall way behind in terms of bank balance. A person who starts saving in 20s stands a far better chance of becoming a crorepati in their mid 30s
@@anshumanfinance yes hopefully, I have learnt from my own mistakes and now use the best of credit cards such as Magnus and Reserve for my own benefits rather than the bank’s 😉. Kudos to you Anshuman for making India financialy aware and going places helping people fixing their finances. You are really helping people to avoid the mistakes I did in my youth.
i have a question why do people choose to lie in expensive areas which low salary i don't know about you situation at that time but the guy in the video works from home has to never go to office yet chooses to live in Gurugram which by my understanding is pretty expensive when he could live in city out skirts and save money by paying less rent or even better moving back to his parents how if that is possible
To answer your question, there are people who do not posses any particular skill, they are either good at doing little bit of everything or they cannot rely on their educational background to get them a good job. They need to start from somewhere, even if it means sustaining lifestyle with very low income and they eventually reach a point where everything makes sense. Also there are still no good jobs in small cities and that's why people like me leave their hometowns in search of work. Yes he should try to cut his expenses by staying at home but this might cost him a good opportunity when the time comes, maybe that's what this guy is thinking or maybe he just need some freedom.
Anshuman Bhai, jab haath me fasi hui lakdi ki faans nikalte hai, wo jo relief milta hai hai, wo feeling aati hai aapki consulting dekh ke. Thankyou bhai logo ko iss dard se nikalne ke liye
I have stuck in same situation but due to many obligations of salary getting in repayment of multiple loan .i am not getting any loan from bank and app recovery agent harassment is separate.. please help
The only good thing about this is that he has seen this early in his career and life. Once he is out of this, he will be disciplined enough to not take another unwanted loan.
Why do I get the feeling that this person will fall back in to exactly where he is no matter whoever helps him including Mr. Robert K from Rich Dad Poor Dad? I am almost certainly sure that his attitude is not going to change.
i have a question why do people choose to lie in expensive areas which low salary the guy in the video works from home has to never go to office yet chooses to live in Gurugram which by my understanding is pretty expensive when he could live in city out skirts and save money by paying less rent or even better moving back to his parents how if that is possible
just 2 steps to tackle this situation. 1st as suggested by Anshuman, take one loan to repay the rest and second to move back to his parents house when he is getting WFH. I don't understand why need to live with friends and spending extra money when your ass is on fire
Me bhi fass Gaya hu.... Mene first of all loan Lena band kar dia... He....... Or sab loan ko default karna shuru Kia he....abb harrasment hoti he.... Me recovery valo ke maje leta hu....... Or Salary ka kuch amount EMI pay kar deta hu
Not completed video yet but I was knowing this solution considering his situation Personal loan are not good in general but it’s always best when your life f***ked up. Better than other loan
Anshuman sir! Pls try to answer my query. Jese online programs NO cost EMI ke liye mandate set kra dete hai or agr unfortunately mein vo EMI nhi pay krpaa rhi or vo or vo company bhi Mandate hta nhi rhi to hm agr account hi siege kra de to kya uske koi repercussions ho skte hai
Imagine how this guy would be at 80 age in 2079...his teeth would have fallen and he would be peeing and passing faeces in his bed. He would have zero savings. Not even a dog would look at him.
