DON'T Make THESE Financial MISTAKES in your 20s! | Ankur Warikoo Hindi

"And in my opinion too, there may be a correction in the next one or two years."

"If you invest in small caps, it is so risky that in a year or two, your money can decrease by 40-50%, it can increase."

"As soon as you turn 30, the premium increases. As soon as you turn 35, the premium increases and then it becomes a number six."

"The rate of interest is the single biggest determinant of how much money you are giving to someone and how much money you are earning. So do some comparison of that, as I told you, in the market, if you go into the stock market and that too aggressively, if you earn at 18 to 20 over the long term, then you are God and that loan which you are paying at 30 to 35, that credit card on which you are paying at 40 is so expensive that whatever money you are putting to earn at 20 should go towards repaying that loan, friend, that is the way that you have to think about things, whatever amount you are saving from whatever money you are earning, if you have a debt on your head and that debt is expensive and expensive will be anything that judges a rate of Interest of greater than 10, I say maximum 12. Please pay that. The most expensive loan in terms of rate of interest, pay it first. That should be the way to get rid of your loans. There is no benefit in investing and your loans are still on your head. Become loan free, definitely loan free from expensive loans and then start your investing journey."

"So for you, to take a loan of 13%, thinking that we will generate a return at 20, that too, is predictably foolish. Don't ever, ever, ever take a loan to invest"

"if you invest for 5 years, what is the guarantee that you will earn profitably, you will be profitable or earn positive income near 100%"

"if you invest for 3 years, what is the guarantee that you will earn profitable returns or positive returns 90%"

"if you invest for one year, what is the guarantee that you will earn money 5050, which is a coin toss, so it is very risky"

"82%, 82%, of all traders have a loss every year. 82%, this is his data base. This means, on an average, you will be in loss."

"and expensive will be anything that judges a rate of Interest of greater than 10, I say maximum 12."

"I am saying that don't buy a house in your 20s or early 30s, our salary is still low, why do you want to take that much commitment for 20-20 years, you are mobile, you work in this city today, you live in this colony, why do you want to be stuck in it forcibly, your life is still in the making, you want to go to another city, you want to live in another colony, you want to live in a bigger house, all that should be flexible"

"And in my opinion too, there may be a correction in the next one or two years."