ilmscore | Clearing LOANS and Starting INVESTMENT - Complete Plan! | Money Matters Ep. 74 | Ankur Warikoo Hindi

Clearing LOANS and Starting INVESTMENT - Complete Plan! | Money Matters Ep. 74 | Ankur Warikoo Hindi

Published: 2025-08-13
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 3
Incorrect: 1
Pending: 3
Unrated: 0
Prediction
Topic
Status
The speaker advises that individuals should maintain an emergency fund equivalent to three months of living expenses, considering the listener's age.
"At your age, you should have at least three months of emergency funds at any given time."
Emergency Fund
Correct
The speaker highlights the risk of having no readily available emergency fund, as it necessitates taking on more debt or liquidating assets in case of income disruption or unforeseen expenses. The current essential monthly expenses are estimated at ₹27,000.
"If I look at your monthly essential expenses, which you will have to spend every month. 27 to ₹00, so if God forbid your income stops or some emergency arises, something goes wrong, you have to get something done somewhere and this ₹00 in your bank is not useful at that time and you have to spend more than that, then you will have to take another loan again or sell the shares that you have lying with you."
Emergency Fund
Correct
An agricultural loan can be fully repaid within 2 to 3 years by consistently paying ₹3000 per month.
"This entire loan will be repaid within 2 to 3 years. If you do n't keep giving just ₹3000."
Agricultural Loan Repayment
Incorrect
A recommended investment strategy for long-term growth (10-20 years) involves investing ₹3000 monthly in a Nifty 50 index mutual fund and ₹2000 in a mid-cap or flexi-cap mutual fund, aiming for 13-14% annual returns.
"My opinion would be yes ₹3000 Nifty 50 index mutual fund and ₹2K mid cap or flexi cap mutual fund. What will happen with this? You will get roughly 13 to 14% returns which will give you a good return over a long period of time i.e. 10-20 years."
Investment Strategy
Pending
The post office investment held by the individual is expected to mature in November 2026.
"Your post office investment will mature next year in November 2026."
Post Office Investment Maturity
Pending
The speaker advises closing all ten credit cards, noting that two have ongoing EMIs which prevent immediate closure. The suggestion is to close them as soon as the EMIs are completed.
"I say, close all 10 of them. Actually, there is EMI running on two accounts, hence I am not able to stop it. The EMI with seven errors is running on that card only."
Credit Card Management
Pending
Acknowledging and correcting mistakes related to credit card usage is crucial, as many individuals struggle to overcome these issues.
"The credit card mistake was accepted and then corrected. That is the most important thing because many people are not able to get out of it."
Credit Card Mistake
Correct