ilmscore | Managing FAMILY and INVESTMENTS at 22! | Money Matters Ep. 46 | Ankur Warikoo Hindi

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
Target to increase emergency fund to ₹75,000 in 2025.
"Save that for three more months. Lock in another Rs 15,000 so that you have Rs 10,000 in the bank at any point."
Emergency Fund
Pending
Primary financial goal for 2025 is to reach an emergency fund of ₹75,000.
"If you generate some new income, then your first goal is to save. 15K and get emergency fund at 75K. This is your first goal for 2025."
Emergency Fund
Pending
Option to increase emergency fund to ₹1 lakh (6 months of expenses) within 1.5 years.
"save an additional ₹000 so that you have a total of ₹1 lakh and you have this 6-month corpus."
Emergency Fund
Pending
For short-term goals (2-3 years), invest in low-risk options like debt mutual funds or Nifty 50 index funds, aiming for ₹3,000-5,000 monthly savings.
"start saving towards a short term goal and whatever you can save, Rs. 3000-5000 per month, so that you have that discipline. Also, and with that, two options that I would give, one is a debt mutual fund. Consider a debt mutual fund similar to a fixed deposit, but usually gives better returns than a fixed deposit."
Short-term investments
Pending
A consistent step-up SIP of ₹10/month in flexi-cap and small-cap funds could lead to ₹52 lakhs in 10 years, ₹4.06 crore in 20 years, and ₹25.22 crore in 30 years.
"if you keep doing the step at 10 for 10 years, your total investment will be Rs 52 lakh, this will be your total value, if you do this for 20 years, then this Rs 50 lakh will become Rs 4 crore 6 lakh and if you do the same thing for 30 years, then it will seem a bit crazy number but after inflation adjustment it will seem fine, you will have it after 30 years 25 crore 22 lakh rupees."
Long-term investment growth
Pending
Life insurance should be purchased around age 25, or when the father retires.
"buy life insurance at the Age of 25 and one father retires"
Life Insurance
Pending