How Much MONEY did we Make in 2024? | Income Sources REVEALED! | Ankur Warikoo Hindi
Published: 2025-01-01
Status:
Analyzed
Published: 2025-01-01
Status:
Analyzed
Predictions from this Video
Incorrect: 22
Prediction
Topic
Status
Company profits will be reinvested in startups, public market equities, and mutual funds to grow the company's corpus for future needs.
"And then the third is investing whatever profit our company earns. We invest it in startups, invest in public market equities, invest in mutual funds and all of that is used to grow the corpus of the company so that at some point when we need a lot of money, all that money is available to us."
Correct
The courses business, currently focused on online courses, may expand to include offline courses, colleges, and universities, aiming to prepare children for life through education.
"A new course is released every quarter. And right now we are into online courses. Let's see tomorrow, there may be something else. There may be offline courses. There may be colleges, universities, centers. There may be multiple plans in offline which I will not talk about right now, but hopefully at some point of time the goal will be that along with colleges and schools, we will be able to provide such an education to the children which will prepare them for life."
Pending
Future book releases are planned, including one on career in 2024, relationships next year, and startups thereafter, with a commitment to writing one book per year.
"The book is going to be released It's around career and it's called Build an Epic Career and next year a book on relationships will be released I don't know what the running title is after that a book on startups will be released and I will continue writing a book a year because I love writing and I feel that books are really a great way to store the information that you want to share with people"
Incorrect
The company remains profitable with a 25-32% profit margin, expecting to make 4-5 crores in profit even with 16 crores in revenue, after all expenses and taxes.
"We are still profitable, anywhere between 25 to 32 per cent. There is a profit, which means that even in this 16 crores, we will easily make a profit of 4-5 crores. After paying taxes from that, there will still be a lot of money left. This is after every single expense has been paid for."
Incorrect
Following the career-focused book, a book on relationships is planned for release next year, with a subsequent book on startups. The speaker intends to continue writing one book annually.
"And next year a book on relationships will be released I don't know what the running title is after that a book on startups will be released and I will continue writing a book a year because I love writing and I feel that books are really a great way to store the information that you want to share with people"
Incorrect
Book royalty income for 2024 was approximately 1.65 crore INR. The speaker anticipates an annual royalty range of 1-2 crore INR, with an average of 50 lakh INR per book.
"So, in 2024, between January and December, book royalty income was Rs 1 crore 65 lakh 324. Down from the previous year, but totally understandable because last year it was an era. I think now between one to two crores and approximately Rs 50 lakh per book is how you have to think of it."
Correct
Founders take a combined salary of 1.25 crore INR annually for household expenses, with all remaining company profits retained for future significant investments.
"As founders, Ruchi and I take only one salary. I don't have 50 lakhs a year, Ruchi draws 75 lakhs a year and we use that 1.25 crore to run our household. Rest everything else. It is with the company and it remains with the company because we have to make many big investments in the future"
Correct
A video detailing personal and company investments will be released next week.
"Next week, a video will be released which will be about my portfolio including my own personal investments and how the company's investments have performed and what is its overall scale, which you can watch next week."
Incorrect
The speaker anticipates seeing returns on investments made in the courses business in 2025, acknowledging a revenue dip due to long-term investing.
"We are very very ready for 2025, so hopefully next year when I will be making this video, you will see the return on the investments that we have made for this one particular year, and because of that the revenue has taken a hit, and it is totally okay to absorb that because we know that we are slow and we are doing long term investing and we are both strapped, so it allows us to do so"
Pending
The bootstrapped company is projected to maintain profitability between 25-32%, with an estimated profit of 4-5 crores on 16 crores revenue.
"We are still profitable, anywhere between 25 to 32 per cent. There is a profit, which means that even in this 16 crores, we will easily make a profit of 4-5 crores."
Incorrect
Future book releases are planned, including one on relationships next year, followed by a book on startups, with a commitment to writing one book annually.
"next year a book on relationships will be released I don't know what the running title is after that a book on startups will be released and I will continue writing a book a year because I love writing"
Incorrect
Next week's video will showcase a passive investment strategy and its contribution to continued growth.
"In next week's video, you will see how I was passive with investing and I will grow, and I will continue to grow, and I will continue to grow as well."
Pending
A book focused on startups is planned for release following the relationship-themed book.
"after that a book on startups will be released"
Incorrect
In January 2024, a book sold approximately 135,000 copies, positioning it as one of the year's bestsellers.
"in January of 2024 it has sold around 135000 copies making it one of the best books of the year"
Pending
'Make Epic Money' received the Best Seller of the Year award for 2024 from Crossword, indicating it was the top-selling book.
"Make Epic Money got the Best Seller of the Year award for 2024, which is this was the book that sold the most copies at Crossword across all the stores in the country in this year"
Incorrect
Annual revenue from corporate talks and brand collaborations is projected to be around 5 crores.
"Between corporate talks and brand collaborations, we earn around 5 crores a year, which is an insanely wild amount, and I am very happy."
Pending
Revenue from the courses business in 2024 was 9 crores, a decrease of approximately 5 crores from 2023's 14 crores.
"In 2023, it rose further to 14 crores (2156,176) and in 2024, from January to December, it plummeted. The revenue from our courses business was 9 crores (56,244,923), so a difference of around 5 crores."
Correct
Total revenue in 2024 reached 16 crores, an increase of approximately 7 crores from 2023's 24 crores (note: there seems to be a typo in the transcript as 16cr is higher than 24cr. Assuming 24cr for 2023 and 16cr for 2024 is correct, the difference would be a decrease).
"In 2023, it rose to 24 crores (837,144) and in 2024, it rose further to 16 crores (84,255,555), a difference of around 7 crores."
Incorrect
The founders take a combined annual salary of 1.25 crores (1 crore for the speaker, 75 lakhs for Ruchi) to manage household expenses, with the rest remaining within the company for future investments.
"As founders, Ruchi and I take only one salary. I don't have 50 lakhs a year, Ruchi draws 75 lakhs a year and we use that 1.25 crore to run our household. Rest everything else. It is with the company and it remains with the company because we have to make many big investments in the future"
Pending
The speaker is committed to building their next startup as a bootstrapped venture, relying on personal funds and hard work without external investors, and accountability only to students.
"I will earn money from my own money and build it through my own hard work. I will not bring any additional or external capital from anywhere. So there will be no investor. There should be no one that I am answerable to except my students."
Pending
The company maintains profitability between 25-32%, expecting to generate 4-5 crores in profit from 16 crores revenue.
"We are still profitable, anywhere between 25 to 32 per cent. There is a profit, which means that even in this 16 crores, we will easily make a profit of 4-5 crores."
Incorrect
A key piece of advice for individuals in their 20s and 30s is to actively pursue income generation and maintain a passive approach to investments for a comfortable future.
"So the main message is active with your income, passive with your investments. If you live your life from this perspective, especially if you are in your 20s and 30s, you will have a very comfortable life."
Correct
A book titled 'Build an Epic Career' is scheduled for release in 2024.
"2024 The book is going to be released It's around career and it's called Build an Epic Career"
Incorrect
In January 2024, a book achieved sales of around 135,000 copies, marking it as one of the year's top-selling titles.
"in January of 2024 it has sold around 135000 copies making it one of the best books of the year"
Pending
'Make Epic Money' received the Best Seller of the Year award for 2024 from Crossword, signifying it was the highest-selling book nationwide.
"Make Epic Money got the Best Seller of the Year award for 2024, which is this was the book that sold the most copies at Crossword across all the stores in the country in this year"
Pending
The speaker receives 300-350 brand collaboration inquiries monthly but selectively partners with only two to three brands per month.
"on an average we get anywhere between 300 to 350 queries a month, which means anywhere between 7 to 10 queries a day and we probably work with two or three brands in a month"
Incorrect
The combined annual earnings from corporate talks and brand collaborations are approximately 5 crores.
"Between corporate talks and brand collaborations, we earn around 5 crores a year, which is an insanely wild amount, and I am very happy."
Correct
The courses business experienced a revenue drop to 9 crores in 2024, a decrease of about 5 crores from the previous year.
"And in 2024, from January to December, it plummeted. The revenue from our courses business was 9 crores (56,244,923), so a difference of around 5 crores."
Pending
Total revenue in 2024 reached 16 crores, representing an increase of approximately 7 crores (assuming this refers to an increase from a lower previous year, as the transcript mentions 24cr for 2023).
"and in 2024, it rose further to 16 crores (84,255,555), a difference of around 7 crores."
Incorrect
The company consistently maintains a profit margin of 25-32%, expecting a profit of 4-5 crores on 16 crores of revenue.
"We are still profitable, anywhere between 25 to 32 per cent. There is a profit, which means that even in this 16 crores, we will easily make a profit of 4-5 crores."
Incorrect
The company operates on a fully remote and asynchronous model with no scheduled meetings, emphasizing adult responsibility and minimal stress.
"It is completely remote and completely async. There are no meetings. Someone has to log in at 9:00 am. Log out at 5:00 PM and get these holidays sanctioned. There is no load, no stress. Everyone is treated like an adult."
Incorrect
Long-term investment success is achieved through passive investing, emphasizing discipline, mutual fund SIPs, and consistent continuation of the strategy.
"Passive AF because that's the long-term discipline of investing. The habit of nature will come only through passive investing. Mutual fund SIP and just keep doing that."
Correct
An upcoming video will feature the speaker's passive investment strategy and its role in continuous growth.
"In next week's video, you will see how I was passive with investing and I will grow, and I will continue to grow, and I will continue to grow as well."
Correct
A new book titled 'Build an Epic Career' is scheduled for release.
"The book is going to be released It's around career and it's called Build an Epic Career"
Correct
A book about startups is planned for release following the upcoming book on relationships.
"after that a book on startups will be released"
Incorrect
A book sold approximately 135,000 copies in January 2024, making it one of the year's best-selling titles.
"in January of 2024 it has sold around 135000 copies making it one of the best books of the year"
Incorrect
'Make Epic Money' was awarded Best Seller of the Year for 2024 by Crossword, indicating it was the top-selling book across all their stores.
"Make Epic Money got the Best Seller of the Year award for 2024, which is this was the book that sold the most copies at Crossword across all the stores in the country in this year"
Pending
The speaker receives 300-350 brand collaboration inquiries monthly, but only partners with two to three brands per month.
"on an average we get anywhere between 300 to 350 queries a month, which means anywhere between 7 to 10 queries a day and we probably work with two or three brands in a month"
Incorrect
The speaker earns approximately 5 crores annually from corporate talks and brand collaborations.
"Between corporate talks and brand collaborations, we earn around 5 crores a year, which is an insanely wild amount, and I am very happy."
Pending
In 2024, revenue from the courses business was 9 crores, a decrease of approximately 5 crores from the previous year.
"And in 2024, from January to December, it plummeted. The revenue from our courses business was 9 crores (56,244,923), so a difference of around 5 crores."
Correct
Total revenue in 2024 reached 16 crores, marking an increase of about 7 crores (interpreting this as an increase from a lower figure in 2023).
"and in 2024, it rose further to 16 crores (84,255,555), a difference of around 7 crores."
Incorrect
The founders draw a combined annual salary of 1.25 crores to cover household expenses, with the speaker taking 1 crore and Ruchi taking 75 lakhs.
"As founders, Ruchi and I take only one salary. I don't have 50 lakhs a year, Ruchi draws 75 lakhs a year and we use that 1.25 crore to run our household."
Incorrect
The speaker is committed to bootstrapping future startups, relying solely on personal funds and effort, without external investors, and maintaining accountability only to students.
"I will earn money from my own money and build it through my own hard work. I will not bring any additional or external capital from anywhere. So there will be no investor. There should be no one that I am answerable to except my students."
Correct
The company expects to remain profitable, with margins between 25-32%, projecting a profit of 4-5 crores on 16 crores in revenue.
"We are still profitable, anywhere between 25 to 32 per cent. There is a profit, which means that even in this 16 crores, we will easily make a profit of 4-5 crores."
Incorrect
The company fosters a remote, asynchronous work environment with no mandatory meetings, emphasizing adult autonomy, minimal stress, and flexibility.
"It is completely remote and completely async. There are no meetings. Someone has to log in at 9:00 am. Log out at 5:00 PM and get these holidays sanctioned. There is no load, no stress. Everyone is treated like an adult."
Incorrect
Developing a sustainable investment habit requires passive investing, including consistent mutual fund SIPs, to foster long-term discipline.
"Passive AF because that's the long-term discipline of investing. The habit of nature will come only through passive investing. Mutual fund SIP and just keep doing that."
Correct
Disciplined and regular investment of generated income will lead to compounding wealth that can grow beyond expectations.
"The income you will generate. If you invest it regularly in a disciplined fashion, the number will keep compounding, and you will not realize how big the number gets and how much time it will take, but the time is there, you will have so much more money that you could not have imagined for yourself"
Correct
The speaker's personal net worth has dramatically increased from a precarious financial state to crores, due to actively pursuing income opportunities.
"I told you that five years ago, I had five months' money in the bank, today my net worth is in crores, and all of this happened because I got active with my income."
Pending
An upcoming video will detail the speaker's passive investment strategy and its contribution to continuous growth.
"In next week's video, you will see how I was passive with investing and I will grow, and I will continue to grow, and I will continue to grow as well."
Correct