₹20L Debt on ₹40K Salary - Is There a Way OUT?! | Money Matters Ep. 95 | Ankur Warikoo Hindi
Published: 2026-01-07
Status:
Available
|
Analyzed
Published: 2026-01-07
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Loan 3 will be fully repaid within 4 months starting January 2026 by paying 8,000 per month.
"From Jain 2026 pay 8K for loan three. By doing this, your loan will be repaid in full within 4 months."
Correct
A loan with an approximate 8,600 monthly payment will be repaid within 15 months.
"From next month, there is another loan in which you pay around ₹8,600. When you do this, this loan will also be repaid within 15 more months."
Pending
Investing 5,000 in Nifty 50 mutual fund is expected to yield 12% average returns, and 5,000 in Flexi Cap mutual fund is expected to yield 15% average returns over 5-10 years.
"You will invest ₹5,000 in Nifty 50 mutual fund and the remaining ₹5,000 in Flexi Cap mutual fund. If you invest in NFT 50, you will get an average return of 12%. If you invest in Flexi Cap, you will get an average return of 15% on investing for 5-10 years."
Pending
Following the proposed investment strategy until age 60 is projected to result in 1.35 crore in savings.
"If you do this for your retirement by the age of 60, you will have ₹1.35 crore in the bank."
Pending
It is recommended to get term insurance worth 50 lakh to 1 crore, with an estimated annual premium of 6,000-7,000.
"So take term insurance of ₹50 lakh to ₹1 crore. The premium will not be high. I think it would probably be ₹6 or ₹7000 per year."
Pending
The speaker predicts that by following the advice, the individual's financial life will be resolved within 2 years.
"If you do this well, your life will be completely sorted out within 2 years."
Pending
The individual expects a promotion and salary increase in 2026.
"I am also going to get promoted in 2026. Then my salary will also increase."
Pending
By accelerating repayments after salary increase, loans currently projected to take 19 months to repay may be completed in 15-16 months.
"So, instead of 19 months, it may end in 15-16 months."
Pending
Currently, the gold held is to serve as the emergency fund; creating a separate monetary emergency fund of 3,000 per month is not advised at this moment.
"So, ₹3000 is your emergency. Don't do it right now. Now Neha, you have to spend all the money to repay the loan. Do not create an emergency fund. Right now gold is your emergency fund."
Correct
The speaker advises against selling the land, suggesting it be kept as a deposit, as it would not significantly impact loan repayment and the existing personal loan is at a manageable interest rate.
"No, keep it. There is no need right now. Because even if you take it, it will not make much difference. Your biggest loan is the personal loan of ₹12 lakh, you should repay it gradually. If it is at 10.5% then it is not that expensive. According to me, that land should be a deposit. You keep it."
Pending
The largest loan, a personal loan of 12 lakh at 10.5% interest, should be repaid gradually as it is considered not excessively expensive.
"Your biggest loan is the personal loan of ₹12 lakh, you should repay it gradually. If it is at 10.5% then it is not that expensive."
Pending
After the credit card is paid off, it should be closed to break the addiction.
"As soon as you repay the credit card, you should close it. This is addiction. There is only one way out of this. Remove it from the root."
Pending
Following the outlined financial discipline is predicted to resolve all financial issues within two years.
"If you do this, your life will be completely sorted out within 2 years."
Pending
The loan from the father can be repaid gradually within 2 to 2.5 years by paying 7,000 monthly.
"you will give ₹7000 to your father to clear the loan so that this loan can also be repaid gradually within 2 to 2.5 years."
Pending
The speaker advises closing the LIC policy and using the proceeds to pay for life insurance premiums.
"So definitely close your LIC and whatever money you get, put it towards your life insurance premium."
Pending
It is suggested that upon closing the LIC policy, a lump sum amount will be received, potentially covering a significant portion of the outstanding loan, with a clarification needed on any remaining deduction.
"So I feel that whatever is left over will be given to you at one go and you will have to see whether the rest gets deducted or not because I don't think that they will give you ₹190."
Pending
The speaker estimates the gold jewelry to be worth approximately 5 lakhs.
"I think the gold will become like 5 lakhs, but it is in the form of jewellery, that biscuit, I am not an investment, ok, no problem, that will work, this will be the way"
Pending
The speaker designates the gold as an emergency fund.
"So the Gold Age Emergency Fund."
Correct
Upon salary increase, the focus should be on accelerating the repayment of loans two and three.
"As soon as that happens, you should try to repay loan number two and loan number three as soon as possible."
Pending