How to PLAN for WEDDING and DREAM HOME? | Money Matters Ep. 54 | Ankur Warikoo Hindi

"you should definitely get health insurance for her. Now it will be very difficult to get that health insurance for her because she has an assisting condition in which she has also been hospitalized and there is a record of that too so it is possible that you may not get it at all or even if you get it then you will not get insurance for her assisting condition or you will get it after some time so this is called PD in health insurance ED, pre- assisting diseases and some other PDs are sometimes not accepted in health insurance"

"within two months, the EMI of your bike is going to end... finish the EMI of your phone also within two months so that you will be completely free from the loan in four months, April, June, July. Then Starting August, you can now begin your investment journey."

"Starting August, if you want to save for your wedding, because your wedding is in December, and you want to be able to do it efficiently by taking a minimum loan, then you can save 8,000 rupees per month from your fixed income. Plus, by adding whatever variable amount you get each month, hopefully it will be around 4,000, which means the total could be 12,000 rupees. You should start saving that, but because it's a very short period, we wo n't invest it anywhere in the stock market, etc. You cannot mess with it much because it is a planned expense, so you should start a recurring deposit for it or make FDs of small amounts for it. My best suggestion is that recurring deposit is fine, so start an RD, whatever you get for Rs. 45 is also enough, so start with an RD of Rs. 8 per month which will be from your fixed salary plus whatever variable amount you get each month, that end whatever you get, whether you get Rs. 4, 6, 10 or you don't get anything, then don't invest that month, but at least Rs. 8000 should be going in every month so that when the time of marriage comes, the FD of Rs. 1 lakh that you have, which will mature by the way in October, you should convert it back into FD because if that becomes FD plus this becomes RD, then you will be able to save around Rs. 1.5 lakh by December."

"The wedding will cost up to 4 lakhs, 34 lakhs... If you have 34 lakhs, out of which you will be able to save 1.5 lakhs. Don't spend it all, keep 50 rupees aside because you should always have it for emergencies. If you can put ₹1 lakh from your savings, then you will have to take a loan of ₹2 or ₹1 lakh."

"If you have gold at home, then a loan against gold will be better, meaning it will be better to take a gold loan because its rate of interest is lower. The rate of interest of a personal loan is If it is more, then you should explore all these options, but the preference would be to take a loan at the lowest rate of interest"

"I will invest 7% of it and keep 3% for myself. Because I have a family, and if you also go out for your own expenses, whether it's food or vacation, we'll set aside 3% for that. These needs are covered by your fixed salary. You'll invest 7% of that variable every month. You'll know how much you're going to get each month, and that decision will become very clear. So, let's assume that if you currently earn 4.5 lakh rupees per month, which is your average incentive, you can start investing 4.5 lakh rupees per month."

"if you have Rs. 00, then out of that you can invest Rs. 00 in Nifty 50, Rs. 000 in mid cap or flexi cap and the remaining Rs. 000 you can invest in small cap. So the sum of these three comes to around Rs. 00. You can invest in this range or in this proportion. So, your investment is around Rs. 50-60, large cap around Rs. 20-25, mid cap and another Rs. 20-25, small cap."

"if we see that the investment of Rs. 1000 that we talked about, we will increase it by 10 percent every year and if we invest in the same ratio, where it keeps getting at 12, 15, 18, then after 10 years your total investment will have reached Rs. 1 lakh, which seems like a fair amount, it is not that big, but the same amount will become around Rs. 10 lakh within 20 years and if you invest for 30 years, it will become Rs. 45 crore."

"Take a loan at the right time, which according to me is 30 It is around 35 and at that point of time, absolutely take all the time to buy."

"the most scary loans are personal loans, credit card loans, the most scary ones, so please stay away from them as much as you can, never get trapped in such loans in your life"