ilmscore | Single PARENT and Smart INVESTOR: Building a Safe FUTURE | Money Matters Ep.23 | Ankur Warikoo Hindi

Single PARENT and Smart INVESTOR: Building a Safe FUTURE | Money Matters Ep.23 | Ankur Warikoo Hindi

Published: 2024-08-17
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
The plan is to invest enough to buy a house outright within 10 years, then continue investing the rest until retirement at age 60.
"If you can do this then I would highly recommend that as your income increases you should also increase your investment accordingly sir because the source of income has to be increased today my main focus is to do something extra, whatever is my earning 6000, 5000, 2000, whatever is extra, because I want to keep only one fund up to 60 years, whatever other fund you recommend, I will withdraw it within 10-15 years and buy my own house, there will be only one fund which I will not withdraw, it will be withdrawn only after 60"
House Purchase
Pending
Consistent investment without increasing the amount will lead to a corpus of approximately ₹1.7 crore in 20 years.
"If you invest the same amount for 15 years, you will be sitting on Rs 82 lakh and if you do this for 20 years, you will be sitting on Rs 1 crore 70 lakh."
Investment Growth
Pending
Consistent investment without increasing the amount will lead to a corpus of approximately ₹82 lakh in 15 years.
"If you invest the same amount for 15 years, you will be sitting on Rs 82 lakh and if you do this for 20 years, you will be sitting on Rs 1 crore 70 lakh."
Investment Growth
Pending
Consistent investment without increasing the amount will lead to a corpus of approximately ₹77 lakh in 10 years.
"If you are able to invest this for 10 years, this will come to ₹77 lakhs, ₹7 lakhs."
Investment Growth
Pending
Consistent investment without increasing the amount will lead to a corpus of approximately ₹13 lakh in 5 years.
"After five years, the total of all these investments will come to 13 lakhs, approximately ₹1 lakh."
Investment Growth
Pending
A house currently costing ₹20 lakh will be worth approximately ₹43 lakh in 10 years due to 8% annual price appreciation.
"In 10 years, the same house will be worth around 43 lakhs. So you will have 37 to 43 lakhs, so a little There is a gap"
Investment Growth
Pending
The investment portfolio is projected to be worth approximately ₹37 lakh in 10 years if the current investment amount is maintained.
"In 10 years, the same house will be worth around 43 lakhs. So you will have 37 to 43 lakhs, so a little There is a gap"
Investment Growth
Pending
A life insurance cover of ₹50 lakh can be obtained for approximately ₹700-800 per month, covering the individual until age 60.
"If you take a cover of Rs 50 lakh, it means in the event of death of the son and the nominee will get Rs 50 lakh and its approximate cost will be around Rs 7 to 800 per month and in 60 years"
Life Insurance Coverage
Pending
A health insurance cover of ₹2-5 lakh for the individual and her son is recommended, with an estimated annual cost of ₹700-1000 per month.
"And I think if you take a cover of Rs. 2 to ₹ lakh because you are still young, the chances of hospitalization are lower. This should be a cover of Rs. 2 to ₹ lakh. This will not be very expensive on a yearly basis... my first suggestion would be let's go with a 000 per month health insurance plan of roughly 1 to 700 rupees. Let's assume it will be 700 rupees."
Health Insurance Coverage
Pending
The existing ₹55,000 investment is expected to grow to ₹1.7-2 lakh in 10 years, contributing to the house down payment.
"and the 55000 rupees that I have invested in stocks, let me keep it as it is, do not touch it, keep it exactly as it is, after 10 years when you have to buy a house, then liquidate it and you will get a very healthy and good amount, approximately as shown here, it will be anywhere between 1.7 to ₹ lakh"
Investment Growth
Pending