ilmscore | Practical GUIDE for BUDGETING - The Most Important Financial Habit! | Ankur Warikoo Hindi

Practical GUIDE for BUDGETING - The Most Important Financial Habit! | Ankur Warikoo Hindi

Published: 2025-05-31
Status: Available | Analyzed

Predictions from this Video

Total: 3
Correct: 2
Incorrect: 0
Pending: 1
Unrated: 0
Prediction
Topic
Status
The core of a personal finance journey involves understanding where money is going, where it should go, and if current spending aligns with income.
"This step comes before budgeting. Step One: Where is your money going? Step Two: Where should your money go? And step three, is your current spending what it should be according to your income or not?"
Personal Finance Journey
Pending
Adopting basic budgeting discipline is crucial for successful money management and is a sign of discipline, not stinginess.
"If you do not adopt this basic discipline in your life, you will always struggle to manage money. Always having a budget is a reflection of discipline."
Budgeting Discipline
Pending
The wealthy prioritize investing immediately upon receiving income, then manage remaining expenses.
"The mindset of rich people is that as soon as money comes, the first thing I will do is invest it. Then I will manage the month with whatever is left."
Investment Mindset
Pending
The intelligent approach to personal finance involves balancing spending and saving/investing to enjoy life while securing the future.
"What is smart is to balance the end it can easily be done."
Balanced Financial Approach
Correct
Wise and consistent investing leads to increased financial freedom and greater control over life choices.
"you will have a lot more money, a lot more freedom and a lot more decision-making ability. So that you can choose how you want to live your life."
Financial Freedom and Decision Making
Correct