ilmscore | 30 years, 30 CRORES! Aspin's Loan to Wealth Strategy! | Money Matters Ep. 15 | Ankur Warikoo Hindi

30 years, 30 CRORES! Aspin's Loan to Wealth Strategy! | Money Matters Ep. 15 | Ankur Warikoo Hindi

Published: 2024-06-22
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Aspen plans to start an Executive MBA within two years, after clearing their study loan.
"I will prepare for MBA only when my study loan gets cleared, first of all I am planning to do it by the end of this year and I want to clear it by July next year, so I am planning that as soon as that gets over within the next two years, I have thought of going for MBA."
Executive MBA
Pending
Aspen estimates 20-20 lakhs will be needed for their sister's marriage, expected to occur within 10 years.
"for that Sir, I don't have that particular idea about the marriage, but still I will take an emalt, it will definitely cost 20 to 20 lakhs, maybe there is jewellery etc. then for arrangements, you should carry at least that much and will it be safe to say that from the next seven It will happen within 10 years or early later. Yes, yes sir, you can take it."
Sister's Marriage
Pending
Aspen plans to buy a house worth at least 50 lakh rupees within the next 10 years.
"Looking at the market, I think the minimum requirement for a house is Rs 50 lakh. I think it's a very reasonable amount to take. So, we will take this much and will it be okay to see if you want to do this in the next 10 years?"
House Purchase
Pending
Aspen's father is expected to retire within the next two years due to a past accident.
"and currently working so is it first to assume that he will retire in the next seven years approx and I can help him to retire early or something or I am thinking I am about to retire, I am back in two years, he had a major accident, so I want that the sooner he takes rest, the better it is for him. I think that's a very valid point to retire within the next two years."
Father's Retirement
Pending
Aspen should prioritize paying off a 50,000 personal loan by October 2024.
"First of all, pay off the personal loan of Rs 50000 by October 24."
Personal Loan Repayment
Pending
A 15k monthly SIP (10k in Nifty 50, 5k in Flexi Cap) for 7 years is recommended for the sister's wedding fund.
"So I would invest ₹15 lakh per month as an SIP. 10k in the Nifty 50 mutual fund and 5k in a flexi cap mutual fund. Okay, so I am using the SIP calculator. If I do a SIP of ₹13,000 for 7 years, this will give me about ₹13.7 lakh."
SIP for Sister's Wedding
Pending
A 15k monthly SIP (7.5k in Nifty 50, 7.5k in Small Cap) for 10 years is recommended for the down payment on a house.
"Again I will put 15 lakhs per month in SIP for the home and since we are planning this for 10 years, we can take a little more risk. So 74 K in the Nifty 50 mutual fund plus 7.5 K in the small cap mutual fund."
SIP for Home Purchase
Pending
An investment of 40k per month (15k Nifty 50, 15k Flexi Cap, 10k Small Cap) is suggested for personal long-term goals, potentially allowing retirement in 20 years with approximately 6.3 crore.
"So my suggestion is to spend around Rs. 40 per month towards your own investments. Okay, and these investments, you will be ready to make these for a long period of time, 10 years, 20 years, whatever. So, you will keep making those investments. ... if you do this at the age of 24, then within 20 years when you will be 44, you can probably retire with Rs 6 crore 30 lakh"
Personal Investments
Pending