ilmscore | Should You Sell Your House to Pay Off Debt? | Money Matters Ep. 52 | Ankur Warikoo Hindi

Predictions from this Video

Total: 4
Correct: 2
Incorrect: 0
Pending: 2
Unrated: 0
Prediction
Topic
Status
The speaker advises selling the current house to clear all outstanding loans (home, credit card, personal) and then investing a portion for the daughter's future and the down payment of a future house, allowing the individual to afford rent on a smaller living space.
"If you sell this house, clear the home loan. Clear all your credit cards and personal loans. Invest a small amount for your daughter's future. Invest a small amount for the future down payment of your house. Then many things will become clear. And you will also be able to afford the rent of your new house from your salary."
Financial Planning & Debt Management
Pending
The speaker recommends selling the house, clearing all debts, investing for the daughter and self, obtaining health insurance for parents and life insurance for oneself (with parents as nominees). This action is predicted to lead to a much better financial position within a few years, allowing for the rebuilding of a new house.
"sell the house, clear the loans, invest the rest for your daughter, for yourself, get health insurance for your parents, get life insurance in your name, you are at the perfect age where you can get life insurance, not just corporate, but also get personal life insurance, make your parents the nominee and start your life again, you will be very, very sure, in a matter of a few years, be in a position where you will be able to build a house of your choice again, for your parents, for your daughter, for yourself"
Financial Planning & Debt Management
Pending
The speaker suggests liquidating non-essential assets like expensive phones or jewelry, or even selling a house, to support oneself during difficult financial times.
"If you bought an expensive phone, sell it for a second-hand sale, buy a cheaper phone. Either mortgage your gold jewellery or sell your house."
Personal Finance
Correct
The speaker expresses confidence that the current difficult financial period is temporary and a better financial future is imminent.
"It is a matter of time. This difficult time will end someday, very soon. A good day will come."
Future Financial Stability
Correct