The ONLY way to RETIRE on a LOW SALARY! | Ankur Warikoo Hindi
Published: 2024-11-06
Status:
Analyzed
Published: 2024-11-06
Status:
Analyzed
Predictions from this Video
Incorrect: 3
Prediction
Topic
Status
The personal loan with a 5000 principal and 2 years remaining is predicted to be repaid within 2 months by allocating an additional 3375 per month plus the existing 5000 EMI.
"In 2 months only. This entire loan will be repaid in two months only."
Incorrect
The loan with an EMI of 1500 and 12 months remaining is predicted to be repaid in approximately 8 months after additional payments are made from the freed-up cash.
"If we do 5000 for 24, then around 00 is saved. You will pay 3375 every month plus 00 you are already paying. So your total is approximately 875 going towards paying this of 4 towards the pending loan of 9k which means whatever was left for the remaining 6 months, Instead of staying for 6 months, it will be repaid in two months. This entire loan will be repaid in two months only. So we will then reduce to step five. After two months free cash, how much free cash do we have now? 3375 which we were giving on loan plus this 00 which we were giving for the other loan, so our free cash has become 4875. Again the same thing at 25 per SIP, so how much will it be at 25 per SIP into this amount, so you will do SIP of 1218. Again start SIP of Nifty 50, this will be a new SIP, okay, and the remaining amount is minus this approximately 3660. This is towards next shortest loan. Now how much is the next shortest loan? This is the 5000 one, how much would be left in it, let's see, 8 months would have passed because these were 6 months, these two months were for repaying other people, so how much do we have towards wastage and how much is left in this? If 800 is left, then how much will we save every month now?"
Pending
Continuing with the described investment strategy for 10 years is projected to result in approximately 2 lakh in investments.
"After 10 years, by doing only this, no one will earn There is no step up, there is no increment. You will have around Rs 2 lakh."
Pending
Continuing with the described investment strategy for 30 years is projected to result in 5 crore 20 lakh in investments.
"and after 30 years, you will have Rs 5 crore 20 lakh."
Pending
After 10 years, the inflation-adjusted value of investments, after tax, is projected to be 11 lakh.
"then after 10 years, after deducting inflation adjusted tax, you will have Rs 11 lakh as of today's date."
Pending
After 20 years, the inflation-adjusted value of investments, after tax, is projected to be 32 lakh.
"After 20 years, after deducting inflation adjusted tax, you will have Rs 32 lakh as of today's date."
Pending
The plan is to save a specific amount over the next six months to create an emergency fund equivalent to at least one month's mandatory expenses.
"so you will save it with full dedication for the next six months without reducing it even by one rupee from three and a half, so over the next six months you will be left with 000 and this 2000 plus which is already in your bank, in this case 5000, this will become your emergency fund, so you will essentially have this amount, you will not touch this amount, this amount will be used only for emergency fund and ideally this amount should cover at least one month of your expected expenses which is mandatory"
Pending
An additional payment of 3375 per month will be made towards the second shortest loan, in addition to its regular EMI, aiming to repay it within two months.
"The remaining which is 3375, you will pay off the next shortest loan in addition to the EE. So, yours is being done every month. So, which is the second shortest loan, this one of 00, if it is around 1500 then roughly around 18000 is saved. If we do 5000 for 24, then around 00 is saved. You will pay 3375 every month plus 00 you are already paying. So your total is approximately 875 going towards paying this of 4 towards the pending loan of 9k which means whatever was left for the remaining 6 months, Instead of staying for 6 months, it will be repaid in two months. This entire loan will be repaid in two months only."
Incorrect
The strategy is projected to lead to the repayment of all loans, including a 2-year loan and another loan, within approximately 16 months.
"This entire journey, where you had a loan of about 2 years and a loan of about 00, you paid it off in 6 months plus two months plus 8 months, so within about 16 months, this 24-month loan"
Incorrect
The loan with a 5000 balance will be repaid by allocating 3660 per month, with the repayment expected to take approximately 8 months.
"The remaining amount is minus this approximately 3660. This is towards next shortest loan. Now how much is the next shortest loan? This is the 5000 one, how much would be left in it, let's see, 8 months would have passed because these were 6 months, these two months were for repaying other people, so how much do we have towards wastage and how much is left in this? If 800 is left, then how much will we save every month now? If you give this plus 000 then around 8656 means it will be paid off in around 8 months"
Correct
After taxes are applied to the total investment value after 30 years, the remaining amount will be Rs 4.55 crore.
"After tax, you will be sitting at Rs 4 crore 55 lakh."
Pending