ilmscore | ₹30K Salaried Engineer; is Financial Freedom POSSIBLE? | Money Matters Ep. 38 | Ankur Warikoo Hindi

₹30K Salaried Engineer; is Financial Freedom POSSIBLE? | Money Matters Ep. 38 | Ankur Warikoo Hindi

Published: 2024-11-30
Status: Analyzed

Predictions from this Video

Total: 5
Correct: 3
Incorrect: 1
Pending: 1
Prediction
Topic
Status
Scholarships and personal loans will become available once admission offers are secured for higher education abroad.
"once you get the offer letter, then many avenues will open up. There will be scholarship avenues. You can take out loans. You will be able to take out those loans in your name. And you won't be able to do anything like that."
Higher Education Funding
Correct
A recommended investment strategy involves monthly SIPs of ₹10,000 in Nifty 50, ₹7,000 in a flexi/mid-cap index fund, and ₹4,000 in a small-cap index fund, projecting an annual growth of around ₹18 lakh.
"out of this Rs 21,000, you will do an SIP of Rs 1000, not Rs 1000, and that will be in the Nifty 50, Rs 7 lakh in a flexi cap or mid cap index fund and then the remaining Rs 4 lakh in small cap index, which usually grows at around Rs 18 lakh per year."
Mutual Fund SIP Investment Strategy
Incorrect
A combined SIP investment of ₹21,000 is projected to yield approximately ₹45 lakhs in 10 years, which is considered a significant return on a basic income.
"which means only this investment only this ₹000 investment will give you in 10 years about 45 lakhs which is a really really good amount of money for just this basic amount of income its a lot"
Long-term Investment Potential
Pending
Graduates from top, recognized international programs can repay their entire education loans within two to three years of working abroad, with the option to stay longer if desired.
"Trust me, if you decide to work there for two to three years, because it's a top program and it's really, really recognized and reputed. You can plan to repay your entire loan and come back within two to three years if you want to come, or you can stay there for a while if you want to stay there."
Repaying Education Loans Abroad
Correct
Invested funds can potentially be utilized to cover future education expenses.
"and probably that invested amount will be used for some of your study expenses, at least"
Investment for Education Expenses
Correct