BUYING a 50L HOUSE Without a LOAN - Is This POSSIBLE?! | Money Matters Ep. 64 | Ankur Warikoo Hindi

"The two personal loans you have running are very expensive loans. They will be charging you anywhere between 13 to 15%, may be even higher."

"Next month you will receive ₹1 lakh of community investment. You can close your first personal loan completely with it."

"And in approximately five months you will be able to clear the second personal loan also."

"by approximately the end of this year, both your personal loans would have been cleared. And now you will have ₹2700 as access. ₹1700 which is saved today for your ₹5000 community investments and approximately ₹5000 EMI of your two personal loans. So you will be in a really good spot at the end of this year itself."

"The first emergency fund which will be for 5K. So every month you should deposit ₹5,000 in a separate bank account which can be used in case of emergency."

"Second please buy health insurance for your wife and mother. Your cover of ₹1 lakh is a very big and very good cover. It would be great if you can include your family in the same cover. Because that cover of Rs 10 lakh is enough for all three of you. Ok? Ok? This will cost you another ₹100 every month."

"Will start three SIPs. ₹1 SIP of ₹2000 which will be in NFT 50 which is a very safe allocation as per the stock market. Then another 2000 in flexi cap which invest in small and big size companies both and then another 2K in small cap which invest in the smallest size companies."

"And then from next year when all your loans are cleared, you will get ₹10,000 extra in addition to this ₹12,000 that you are already investing. You will re-allocate that ₹10,000. And in that you can take 3K Gold Mutual Fund or Gold ETF so that you can invest in Gold and it is relatively stable 3K in Flexi Cap and 4K in Small Cap."

"After 15 years this house will be worth around Rs 35 lakh."

"this means in five years alone from today you will essentially have 15 lakhs of your own investment and the house will be ₹35 lakhs. So you will have to take a loan of around ₹20 lakh."

"if you wait for 10 years this house will become worth around 50 lakh from 25 lakh so to now at 7% growth rate your investments including the LIC of ₹ lakh which will give you 9 lakh after 9 years the value of your investments after 10 years will be approximately 52 lakh 96000 which means technically if these numbers hold then within 10 years you can buy your dream home cash down without any loan."

"If you have waited 15 years. And of course I will not wait for you. I think the age of 35 to 40 years is a perfect time to buy a house. I also bought it at the age of 40. That's what I would recommend to everybody. But let's say if you were to wait for 15 years. This is your investment of ₹2000 and then ₹3000. This will be of Rs 1.3 crore value. The house which is worth ₹25 lakhs today will be worth approximately ₹70 lakhs. This means if you wait for 15 years, you can buy that house for ₹0 lakh and even after buying it, you will still have ₹ lakh in your bank account."

"And that will ensure you are financially secure for the rest of your life."

"And this is without this is without you selling your current house. Ok. We have not even touched that ₹5 lakh yet. That is your decision. If you agree with my opinion, sell it."

"Sell ​​it. And sell it and invest it too. So That It Adds Up To Your Kitty Of Your Dream Home."

"and within 10 years you will have your dream home cash down."