In 40 min he just sorted out his life. Makes a lot of sense Good suggestions
I was a menace when i thought how my father is not that smart, when it comes to investments and finance, now when i have come across all these videos and comments section, i feel he is amazing at Finance and investments, he made a house of his own with liquid money and NO HOUSE LOAN and stuff, he bought gold only when he had a surplus amount of money, again NO GOLD LOAN. He has absolutely no loans to be paid but yes he has a debt in his business, which again he doesn’t have to pay taxes for. He doesn’t have a lump some amount of money in his bank account. But m glad he has a NO LOAN policy. Wonderful of you Dad. You are not the smartest in the room but you are a genius when it comes to Finance and expenditure. Proud of you. Thank you.
Even he is earning very good money, he was trapped in this debt trap… that’s why schools should introduce personal finance courses at the earliest age
blushing smile on the face of the person reveals he's been making mistakes.. Appreciate the honesty, appreciate supporting parents... pray for all ur debts to be cleared..
I think investors should always put their cash to work, especially In 2025, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks. Hope to make millions this 2025.
I love the clearly cerebral,empathetic view Mr Warikoo has..he didn’t make the clearly tensed up seeker feel terrible. He showed us how important it is to have a clear view of expenses on one page..
The birth of his children served as a catalyst for him to initiate a more structured financial plan, signaling a positive shift towards considering the future. Despite initial apprehension about impending fatherhood, your encouragement provided him with hope and reassurance😊. It's understandable that as we begin to earn, we also seek moments to enjoy life.
Most people miss it but the secret to living and retiring comfortably and without debts is finding a way to make returns while your money works for you. My Dad, as i remember started saving for retirement quite late but I know he was making more than 10k returns from his investments monthly and it was completely passive.
He is a genius in taking loans after earning more than 2lakh salary!!
"Ankur, your wisdom has transformed my life! After watching your videos, reading your books, and diligently applying the Power of 72 principle, I've achieved what seemed impossible. From nothing to 25 Lakhs in just 2 years, all thanks to your invaluable insights. You've proven that true wealth isn't just about money, but the knowledge and mindset to make it grow. Forever grateful!"
I heard this type of conversation for the first time and what an amazing solution you drafted for Vivek... Kudos Ankur...guess this is your way of giving back to society... Brilliant and Thanks
I am senior citizen who is retired . It is a delight for me to watch your videos. There is great clarity of thought and sense of purpose. I am sure many who are watching the video will take follow up actions taking stock of their financial situation and chart a new way ahead. The earlier generation did not have the advantage of technology or financial information but what helped many from financial ruin is that they did not have access to easy credit !
I would say, close credit card before emergency fund itself. Its more than 36% interest.
This is a gud one. Hands off to him being transparent. He looks really worried and stressed with the situation. Hope everything will be back on track gor him soon...
It takes a lot of heart to say all this on video. All the best to the brave man! His expressions, especially shape of his lips and eyes were talking loud about his embarrassment and what not. The moment he said, we are expecting and a baby is coming in the next month, warikoo ji ka toh game hi hilgya. Main toh dargya bhai. Jai Mata ki.
3 lac salary vale v paisa manage nhi kr pa rhe hum....30k mein hwa mein ghumte hai haha
It takes guts to make such a video..seriously ..kudos to the team of Warikoo !!!
The one thing i noticed in this conversation..after paying everything he still left with more than 70+k per month and he said he didn't had single rupees in account..btw @ankur sir awesome session ...
Not included expenses above: Marriage functions+ day to day small but regular expenses+ doctors expenses+ shopping+ personal care + baby expenses like schooling + donation+ School activities+ high fee+books+ then college+ dresses+ mandatory 5 years child doctor visits are the biggest expenses.... Note: you cant fix problems in just any excel sheets... Life is not like Algo programming... Emotions are the biggest enemy of human. And what if this couple got divorce in future??? Or might loose their jobs.!!?? Life isn't that predictable
@warikoo