ilmscore | Mastering MONEY on a Tight BUDGET | Money Matters Ep. 27 | Ankur Warikoo Hindi

Mastering MONEY on a Tight BUDGET | Money Matters Ep. 27 | Ankur Warikoo Hindi

Published: 2024-09-14
Status: Analyzed

Predictions from this Video

Total: 5
Correct: 3
Incorrect: 2
Pending: 0
Prediction
Topic
Status
By opting for a used bike and a longer loan term (36 months instead of 18), the monthly EMI for a Rs. 70,000 loan can be reduced from potentially Rs. 4000-5000 to Rs. 1300.
"if you make only these two changes then the EMI which you were planning of 4000 or 5000 right now will come to 13,000."
Loan Repayment
Correct
By optimizing bike purchase and loan terms, an individual can save approximately Rs. 3000-5000 per month.
"this means you will save around 3000 per month"
Savings
Incorrect
Within the next 1-2 months, an individual should aim to secure health insurance for their mother.
"in the next one or two months, you should be in a position where you can take health insurance for your mother as well."
Health Insurance
Incorrect
Allocate Rs. 1000-1500 monthly for the next year towards learning new skills to enhance income potential.
"Every month you have to spend Rs. 1000 on learning new skills"
Knowledge Investment
Correct
Extend the loan repayment period for a two-wheeler from 1.5 years to 2 or 3 years to reduce monthly EMI payments.
"Instead of taking a loan of one and a half years, I will take a loan of two or three years so that the EMI of my bank loan gets covered within one and a half or two rupees."
Loan repayment duration
Correct