My new book Build An Epic Career is out now! Discover 15 career tools, avoid common mistakes, and build the mindset for career success. Grab your copy here: https://amzn.to/4hdcQG2
If you wish to be part of the Money Matters series, please fill up this form: https://forms.gle/Tmbo2nUTnhn9vjpG7
Money Matters is a series where I have conversations with normal people such as you and I, on your personal finance issues.
It is important to note that I am NOT a financial expert, I am NOT SEBI registered, and I am NOT qualified to give financial advice.
Everything that I say in these videos is purely through my own experiences.
- So these videos do not offer any stock tips, or specific mutual fund recommendations or get-rich-quick schemes.
- I am not selling any product or service through these videos.
- None of the brands that I mention in these videos have paid me to mention them, unless I explicitly say so (and I will say if the video is sponsored).
This also means that my advice may not always be the right advice. So incase I make a mistake, the best way to correct me will be to share your point of view in the comments, so that everyone can benefit from it.
I am not perfect, nor claiming to be either and would love to learn and grow.
The idea is simply to help people with their finance journey and through their story try to help others who may have a similar story.
In this episode of Money Matters, I help a 28-year-old couple navigate through their complex financial situation involving multiple app-based loans and EMIs totaling ₹1.5 lakhs. Together, we create a structured 14-month plan to help them become completely debt-free by prioritizing loans based on amount while maintaining strict control over monthly expenses.
This episode serves as an important lesson about the dangers of quick loan apps and online gambling, while offering hope through a practical repayment strategy. We discuss how a combined monthly income of ₹53,000 can be optimized to handle ₹19,000 in EMIs, create an emergency fund, and eventually build a stable financial future with proper insurance and investments.
00:00 Introduction
01:24 About the guest
03:03 Expectations from Money Matters
04:47 Current financials
13:18 Analyzing current financial situation
21:44 Steps for solving the situation
32:16 Future steps
33:50 Lesson learnt
36:11 Closing remarks
#FinancialPlanning #MoneyMatters #warikoo
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My Money Apps:
Indian Stock Investing (Zerodha): https://bit.ly/3iYKROh
Mutual Fund Investing (Coin by Zerodha) (You will need to create a Zerodha account for it first. Coin is free): https://bit.ly/3iYKROh
US Stock Investing + Investment Tracking (INDMoney): https://bit.ly/3tT5moR
Portfolio Investing (Smallcase): https://bit.ly/3u0is0I
Corporate Bonds (Wint Wealth): https://bit.ly/3sbUI8c
How to pick the right insurance (Ditto): https://bit.ly/3xFh7OU
The above links are for products that I personally use for my own investing. If you create an account on any of these using the above links, I stand to make a referral income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L and in 2023 we contributed 52L. DO NOT assume that these are the best products in the industry. Please do your research and let me know if you have any questions.
My bestselling books:
'Make EPIC Money' here: https://amzn.to/3WHJ43F
‘Get EPIC Shit Done’: https://amzn.to/4fK1IR5
‘Do Epic Shit’: https://amzn.to/4fK9uuv
My gear for shooting this video:
🎥 Sony a7III camera: https://bit.ly/3M42wAV
🎬 Sony FE 24-70 f2.8 Lens: https://bit.ly/3KCCiF0
🎙 Shure SM7B Microphone: https://bit.ly/3O1NAVA
🔆 Fill Light 60W: https://bit.ly/37aJolP
💡 Key Light 150W: https://bit.ly/3O9nyjs
📽 Benro IT15 Tripod for Sony a7III camera: https://bit.ly/3O4PvJ1
The above links are on Amazon. If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L and in 2023 we contributed 52L.
Let’s connect online:
🎙 My weekly podcast Woice with warikoo (Spotify): https://open.spotify.com/show/1g7wpoqydK6hszvi4DFywg
📩 My weekly newsletter warikoo Wanderings: https://ankurwarikoo.com/newsletter/
📱 Instagram: https://instagram.com/ankurwarikoo
🐦 Twitter: https://twitter.com/warikoo
👨🏻💻 LinkedIn: https://www.linkedin.com/in/warikoo
😄 Facebook: https://www.facebook.com/awarikoo/
🖋 Daily Blog: https://ankurwarikoo.com/blog/