ilmscore | Dream Home with 50K Salary in 5 YEARS? | Money Matters Ep. 8 | Ankur Warikoo Hindi

Dream Home with 50K Salary in 5 YEARS? | Money Matters Ep. 8 | Ankur Warikoo Hindi

Published: 2024-05-04
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
The speaker aims to gift their parents a house within the next 3 to 5 years.
"I want to gift my parents a nice house within the next three to five years."
Gift house to parents
Pending
The speaker's father is expected to retire in approximately five years.
"how much time will it take for your father to retire, approximately five years"
Retirement for father
Pending
The speaker plans to get health insurance for their parents starting from next month.
"I would most likely like to take that plan from next month"
Health insurance for parents
Pending
The speaker should consider buying life insurance around the age of 27-28, which aligns with their father's retirement in approximately 5 years.
"A right time for you to consider life insurance will be when your parents retire, which is your father... So after 5 years, when you will be 27 years old, 27-28 will be a good time for you to buy life insurance."
Life insurance for self
Pending
The speaker is projected to have an investment corpus of 1.8 to 2.2 crore within 15 years, assuming a 10% annual step-up in SIP and a 16-18% rate of return.
"then you will at the end of these 15 years have a corpus of Rs. 1 crore 80 lakh... you are looking at about 2 crore"
Investment corpus growth
Pending
A corpus of approximately 9.6 lakh is expected to be accumulated in 5 years from the monthly contribution towards parents, with a 10% annual step-up and 10% return.
"at the end of these five years there is approximately 9.6 lakh"
Parents' financial contribution corpus
Pending
The speaker's monthly contributions to their parents, if invested, would grow significantly over time, turning an initial 7 lakh into approximately 600 (likely a typo and meant to imply a much larger sum through investment growth, possibly referring to the total corpus from the parents' SIP plan).
"Over a period of time you would have given them around 7 lakhs and now that 7 lakhs would have become around 600."
Parents' financial contribution growth
Pending