I want to thank anshuman and his team for coming to my place and guiding me to improve my personal finance and I would like to follow his guidance and use my skills to provide my services and time as a freelancer and improve my financial situation.
Hey Anshuman and Akash, i am a software engineer earning 1 lakh around but all family dependent on me includin parents, also i am a financial keeda.. i know basic all the instruments. can u come to my place for interview
Ekdam sahi solution diya ..... i just did d same thing ...when i lost my father in 2019 , and i had a hyge debt of around 17 - 18 lakh...... but With my presence of mind and Lord krishna & Mahadeva blessings... i cleared all....
Guys don't troll just because he was honest. Same goes with us too. Either salary is low and if at all higher than 50k, expenses are high. Situation is not same for all . Kudos to this video
O bhai saab. 1.6L ka TV. Bro is a next level spendthrift. Hope he gets sensible soon 😮 Edit: I have a 30k INR Sony Full HD LED TV (32 inch) bought in 2014, added a chromecast to that in 2018 and now its my smart TV. Been working fine for 9 years. 😀
Very true, it's just fascination about the technology, I bought full HD TV 32inch and I wasn't even able to make full use of full HD till recent years where more channels started providing HD channels, still the majority providing SD, if you are a binge watcher it makes sense to buy a good television but 1.6lks is above the roof
The best thing that happened to him is he realised about his bad financial decisions,put his foot forward and met Anshuman and is making best efforts to fix his finances More power to you❤
TV 1.6L, Washing machine 43k .. Never heard even people earning 50 lpa doing such purchases .. good TV available at 20k, washing machine 12k .. the guy needs to read some self help books and get into good conversation with wise people .. Hope he becomes sensible adult soon. All the best!
@@Vikramdithya I don't need an illiterate nephew like you. So I am not your uncle.. And just to be clear.. 10 lpa kamane ka aukaat nhi h, but 40k washing machine chahiye, toh bhagwan hi usse bachaye.. Aur rhi baat 12k WM ki, 95% of WM sold in India is under 15k .. Sab kharab h kya? Sabke kapde barbaad ho gye kya? .. Lol jaise comment na karke apni padhai pe dhyan do.. Kahin tum bhi na 6lpa ki salary pe hi aatak jao
Ayushman is saying from his heart @12:12👍👍 He has created this unique personal financial educational vlogs series which is very informative and instead of giving some copied advice( most of the financial influencers doing it nowadays) he analyses individual's circumstances and also does the hard work of going door to door to bring us these contents 👍👍
One fact I observed is Poor peoples do big show-off by purchasing expensive stuffs. This is one of the example and the reason he will stay poor for long even if he earns more.
Its because of conditioning, people who have not had a large disposable income have a larger urge to consume expensive products, because they associate wrongly the price with the satisfaction, people capable of making expensive purchases, learn the value vs price distinction early on.
Bro can spent 5000 on movies but not pay off loan with that, the mindset is the thing to hack, I like movies but I see just 2~3 movies in cinema hall per year
I am glad that you reached out to Anshuman for correcting your habits. I really hope you control your expenditure hence forth. This habit alone will make sure you are never able to create wealth for yourself in the long run! Good luck my friend!
Credit cards are extremely useful and even broken if you are smart and understand how the financial system works 🙂. The only problem is jab log useless cheezo pe spend karte hai jo unki capacity ke bahar hai.
Hello, This is Nikhil from Bits Hyderabad. I am working on a startup in fintech domain.We are understanding user spending behavior and credit card usage. If you are interested to help us by letting us know your spending pattern over a quick meet. It would help us a lot. Thanks
This guy is basically abusing the pressure-less life he is getting to lead by staying with parents and not paying rent. Instead of being sensible about luxury purchases and saving for future, he is wasting his money inflating lifestyle in the pressent. Dangerous lifestyle to lead over the long term...
Absolutely agree with this , i wonder what would be situation if his town was away and he had to rent it out in mumbai , barely can imagine how he would even manage ,travel expense rent would have been debt trap , glad he lives in family home this atleast gives some hope of not crashing out
His movie expense and impulse expense is huge ... Washing Machine = 50k , Tv = 1.5 lacks .... He could have bought 20k tv and less expensive washing machine Good tip : Don't own a credit card if u can manage with debit card Also He just wasted the money savings he made by owning a house. He has to save more and spend less and focus less on luxury
Bhai American Life ji raha hai india main...i make 1 lakh 10 thousand every month....i have a LG TV cost 30k, 8 hazar ki washing machine...and 3-4 hazar ka microwave hoga...thats all the gadgets i have....i am using OnePlus 6T phone i got in 2018...
Not To Body Shame... Anyone...but... Please Focus if your Maintaining your Body with Atleast A Walk everyday...and Avoid Junk food and Processed foods ...then comes Everything...
@@dlcsucks2019 wahi na, ye bohot log gyaan pelne lage hain. Khud toh inka 5 hazaar rupey kamane ka caliber nahi hai par gyaan inko 50-60 hazaar wale ko bhi pel dena hai.
No, telling people they are fat and unhealthy isn't bodyshaming. Before some dumb fuck tells otherwise, I'll have them know I was formerly a morbidly obese person. If you can't be disciplined enough to look after your body (and health), you'll very likely fail at everything else.
In my opinion, here's a suggestion for managing finances, although I understand that not everyone may agree with it: Month 1: 1. Calculate your total in-hand money (Salary + Joining Bonus): Approximately 1L (62400 + 40000, after taxes). 2. Consider asking a friend or your parents for a loan of 40K at a nominal interest rate, around 6-7%. 3. Prioritize paying off your credit card debt (1L) and bike loan (15K) using the available cash. Afterward, you'll have 25K remaining. 4. Aim to limit your expenses (excluding movies) to a total of 22K. 5. By the end of the first month, your total debt will amount to 2.75L, with 1.55L owed to friends and 1.2L for the course. Starting from the next month, you'll have approximately 40K in-hand cash after deducting expenses. Use this money to gradually repay your friends over the next 7 months. By making some adjustments, such as reducing luxury/gadget shopping and cutting back on movie expenses, you can become debt-free within 10 months."
Thanks a lot ved , I'll definitely try shifting my debt as per your recommendation, from my first salary I paid 80k of my loan which completed my bike loan + paid off 1 credit card and paid 50k to my friend lower their debt. I am Akash from this video I want to thank anshuman and his team for coming to my place and guiding me to improve my personal finance and I would like to follow his guidance and use my skills to provide my services and time as a freelancer. You can reach me at : fiverr : www.fiverr.com/bhatta1508/setup-and-optimize-your-google-ads-account-for-quality-leads LinkedIn : www.linkedin.com/in/akash-bhattacharjee/ Email : akashbhattacharjee1508@gmail.com
Anshuman and team, I love what you'll have done with the post production, graphics, and animations with the videos shot in Mumbai. Such a marked difference! Great stuff.
I am afraid I have a few habbits like him but luckily the only difference being i don't loose my mind frequent enough to go in debt but just enough to question my sanity after a few months of the purchase
Hello, This is Nikhil from Bits Hyderabad. I am working on a startup in fintech domain.We are understanding user spending behavior and credit card usage. If you are interested to help us by letting us know your spending pattern over a quick meet. It would help us a lot. Thanks
Bro, you are doing well. Don’t compare yourself to others, compare with who you were yesterday and keep improving. I would add to Anshuman’s advice to cut off all the credit cards, wohi aapki situation ki jad hai. Whatever you buy, pay cash or debit card, what this will do is make you realize if you really need the product and the other thing is there will be no debt. Best wishes to you
Can we have sessions where you connected with some of your old video subject and see how much they could follow the suggestions and what are the challenges they are facing.
Too many people have been wrecked by day trading, more than monetarily, it wrecks the importance and value you associate with money. I'm sure the splurge on tv came when we was doing well trading wise. Thank you for sharing openly and being ready to change the ways.
Credit cards are meant to increase your spendings on unnecessary things, they provide good offers or cashback schemes then even we dont need that thing we end up buying it.
Hello, This is Nikhil from Bits Hyderabad. I am working on a startup in fintech domain.We are understanding user spending behavior and credit card usage. If you are interested to help us by letting us know your spending pattern over a quick meet. It would help us a lot. Thanks
I did couple of courses on day trading but still am not profitable. Can you suggest me some genuine course which can make me help get profitable consistently and if possible can you share what you are doing aur aap kaise profitable ho ?
@@vishalkumarwaghmare This guy is all you need. This playlist is about NY indices trading but it will work well in Indian stock market as well. No need to pay for anything. Also, if you seriously want to learn trading, forget about making profits for few months atleast. Focus on the skillset. This guy will open a lot of clarity to you about trading and you will realize a lot of things about trading that were taught you in the beginning were a lie. ru-vid.com/group/PLVgHx4Z63paYiFGQ56PjTF1PGePL3r69s
@@vishalkumarwaghmare u cant get profitable by seeing others and just hoping for miracle you have to give time , understand charts patterns sentiment etc to be profitable day trader, else u end up winning 4 days a week and loose 1 day but the 1 day loss would be bigger than 4 days of profit. Also day trading is very addictive and wont let you sleep until u see profits and you keep risking more capital to cover up the losses.
Haan bhai aap jaiso se kabhi suggestions bhi isi liye nahi lena chahiye. Good for you though. But any other youngster out there, PLEASE Don't waste your hard earned capital in this trap. If you understand literally nothing, just invest in some index fund and it will give you decent returns over the long run. If you do understand the market somewhat, again, invest and hold : do fundamental analysis of companies. Trading is shit. Statistics tell you that sufficiently. 'chart reading' lol.
if one feels responsible within a family then we dont need guy like anshuman. my father have nt left anything after his death, then to overcome that pain i have started doing parallel jobs. worked for more than 14-15 hours a day. now in finally stable having liquid asset, gold, mutual fund , stock, postoffice fund, fd, ipo's, health insurance for all family, term insurance for myself . its the situation we need to take step by ourselves. anshuman cant save everyone.
Hi...Brother..plz attention..Am serving in army since 7 years...And now am a debt on 10 lacks..lost 7 lacks in trading and 2.5lack spend in my mrg..Now I have an EMI of 21k and my salary around 42k..I saved around 5k per month after my all expenses..I didn't pay my savings for repayment of my loan..because I have a sister who's mrg happen may be a next year..but I want to pay my debt as soon as possible..Give some idea plz.
Akash , bhai I must tell you , leave the job , live a minimal life. This job is not going to take you anywhere , overweight, problems health problems, i am seeing you as myself , Leave everything and take U turn . Start something that you never expected of doing . When nothing goes right, take left
1.6L TV but i am crying at TV table. Respect that TV by atleast cleaning the table and remove stuff which is blocking TV. Staying in family home while earning makes people doing very bad purchases.
Good that he met ayushman and able to realise his mistake. If he follow the advice. I am hoping he will able to start saving money and in the next two or three years. He may able to make travel plan as he wanted
The first thing to allocate money to be health and term insurance as soon as you get a job. Everyone do have aspirations but you also dont want to be in debt. I wanted to buy an iPhone so bad , but instead I will start term and health insurance first afterall that Phone will not pay my hospital bills.
Anshuman I regularly watch your "Fix your finance" program. You do the job well for young professionals. Why do you ignore retired or about retire persons? There are scores of people in this category, why don't you address? Are you not capable?
Even if you consider 3 movies in PVR per month for two people,it will cost you not more than 2k💀,chalo 500 rupey ke tub ke saath 3-3.5k hota hai,yeh 5000 kon kaise spend karte hai on movies i really don't understand
I personally feel this person should sacrifice movie going and other impulse buying and pay off cc debt and money taken from friends (with interest ). Ppl should realise money taken from friends is NOT interest free money .
First of all, we don't need to impress anyone. Waise v no one gets impressed by these electronics goods. Also, credit card spending does not make you rich it makes you slave. During your golden age. So stop spending like a king instead. Start investing like a king and spend like a slave for at least 5 years. Investing doesn't mean money it is on you, your body, your time, your lifestyle.
I mean how such people do insane shopping. The middle class has a very big problem of competing with rich as a fact is that they start buying quality products even after knowing that it is not suitable at this time.
Mast aadmi hai bike ki emi nahi finish karni par 1 mahine mai 3 movies theatre mai finish karni hai...phir kehte hai financial condition theek nahi hai hamari...
@@mk67890 he had poor choice of words but what he said is correct. Poor financial decision is not saving similarly poor life decision is not investing in yourself. Guy has obesity should hit the gym!
How to contact you sir? I'm having 4 lakhs of Credit card debt it's not at all reducing every day just increasing load my salary just going away to credit card not 😢😢😢 not able to take care of my father in his old age now... Feeling very depressed 😢😢😢 and stress.
Like any other person he has gadget impulse buy which he should stop first.if he is serious about paying off debt with his current salary it can be done within a year with frugal living.but i don't think he will do that.
Maine bhi ye tv wali galti ki hai, and still regret till date au saala woh kharab bhi ho gaya hai. But that's the only one instance that I feel is a mistake in my life.
Sir, please meet this person after 24 months he will still be making the same mistake and every middle-class person makes the same mistake sorry but it's true
can you please guide me about my financial goal, my monthly salary: is 2.25 Lacs, expenses: 50K, no loans whatsoever I could reach just a total net worth is just 3.6 CR only at the age of 32. How can I improve it
the value of it is off by 50% already and doesnt make sense now his tv would not be worth more than 40k now and his washing machine would be 15-17k if i would guess
Good u realised that u had purchased a very expensive TV …u could buy less amount TV about amount u spend on washing machine…..washing machines shouldn’t be more then 20k …..when every u feel to buy expensive stuff start cleaning your house ….more u clean laxmi will take place in your home…throw away the things which u don’t use for more then 6 months or resell. I think u buy expensive stuff to have feel good factor ….some people do it with food they eat more….5 k on movies stop paying for ur Friends if they are ur friends let them pay for u now…or best go only one movie a month…plus u need to sell those expensive pens that a luxury u can’t afford.
