6 Financial Rules to make you Rich!

एक लड़के ने मेरे साथ स्कैम करके स्पोंसर दिया और कॉपीराइट strick देकर 😭1 लाख रूपये मांग रहा है 😭 मेने कुछ पैसे भी दिया और strick नहीं हटाया और मेरा 5 million सब्सक्राइब वाला चेंनल टर्मिनेट करा दिया क्या करू आप बताओ 😭😭😭😭😭😭

Where does home loan go in the budgeting rule

3/6

What about motorcycle 🏍️

Policybazar bekar ekbar buy ke bad ph nahi uthata ...claim settlement kiya khag krega

All these rules are ment for west where the salary bracket is high , we need not to blindly follow this , when i got job my first decision was buying a house , 54lakh at that time , now the house own has a value of 1.9 cr and emi is 50900 k per month for 16 years ,total interest payable is 41 lakhs total i have to pay is 95lakhs , and i was more focused,stay out (alcohol and stuff) , don't waste money on expensive just for brand name (value ) product,more serious about the work , but only one burden is that i can't quit the job , the portpholio , corpus for retirement is not that great ,but if see house as a corpus then walla

0/6😢😢😢😢😢😢

Emergency fund ki FD krana thik rahega kya?

very great video love from pakistan mene toh notes bana lie hy apny diary me apky video k

3/6 😢😢😢😢 , While buying home i had gone to sentiment i bought it.... My EMI spending is crossed 50%... Now I am feeling stressed with that loan...

If down-payment is 20% then 3x of annual income is applicable for home loan

Very valuable learning .. Maaja aaya

12-15k salary, what can we do 😢

Me watching this as a recent graduate who's yet to get a job: 👀 nice.....

6/6

MAZA AAYA

Mazaa aaya

Maza aaya👌

Unbelievably average content. Learnt absolutely nothing new.

Don't buy anything from POLICY BAZAAR , experience acha nhi hai mera , premium deduct hone per bhi premium due show krta rehta hai , pichle 1 saal se ye drama chal rha hai!!! Mental peace chaiye to inse policy mat lena!

👍

how to build an emergency fund ?

You forget to mention — How to Live a Life

6 Financial Rules to make you Rich! (Credits goes to Labour Law Advisor (LLA))

1. Car Buying Rule (20/4/10 - 50)
- A 20% down payment needs to be done
example: If 10 lakh car then a 2 Lakh down payment needs to be done
- EMIs must not be greater than 4 years
- EMI amt must not be greater than 10% of monthly income
- (Golden Rule) - car price must not exceed 50% of annual income
example: If 12 Lakh car price then the budget must not exceed 6 Lakh

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2. House Buying Rule (3/20/30/40)
- House price must not exceed 3-5 times of house hold income
- EMI must not be greater than 20 years
- EMI amt must not be greater than 30% of monthly income
- 40% down payment must be done of house price
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3. THE - BI Rule (Term Insurance, Health Insurance, Emergency Fund before investing)
- Term Insurance - 10 15 times of annual income (if 12 lakh income then 1.2 1.8 crore insurance)
- Health Insurance -
- Emergency Fund - Upto 6 months atleast. Ideal 1 year
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4.Rule of 72
Years to 2X Investment = 72 / Annual rate of return
example: 12% return then 72/12= 6 years to double the amt growing at 12%
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5.Asset Allocation (Thumb Rule)
Equities% =100-Age (if age 25 then 100-25=75% must be invested in equities 25% must in secure assets like GB, FD, Gold)
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Bonus Rule
B-1 (EMI<=36% X MI):Total EMI Rule (MI X 36%)- ALL EMIs must not exceed Monthly Income 36%
B-2: Credit card usage rule (30% of CCL and 100% outstanding payment)
Monthly outstanding must not delayed. Pay 100%
example: if 1 lakh credit limit then us only 30,000 and pay it full.
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6.Budgeting Rule (50/30/20)
Needs = 50% of Income (Basic Needs)
Wants = 30% of Income (Travel/Books/Courses)
Saving = 20 % of Income (Investments)

example if 1 lakh income then 50,000 needs,30,000 wants and saving 20,000
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MAZA AAYA Bhai !
Thanks for the valuable lessons of finance😀😀😀

first rule make more money than apply another rule

Three out of 4

rishtedaaro ke liye ?

should we buy health insurance in rajsthan .... coz govt provide us health insurance so ?????

Ankur wariko carrier < this video

0/6

Rules i have been following is 5/6

LL team.....agar 6LPA hi annual income ho to kay hi kre......😁🤣 nahga pahenega ky our dhoye ga ky😂🤣😂

My income is 15k month and company made me buy a 68k laptop on emi for their work and now I am Trapped 😑
4500 emi per motnh 4000 rent per month 2000 petrol per month kya he bachega kya he rahega mere pass

Zero out of All😅😅

6th rule me EMI kaha jayega?

Sahi knowledge hai

Sir students ke liye dedicated video bana dije ❤
Love from Kolkata

I am a Student Right now
How can I be financially independent?

MAZA AAYA

Maza aya😮

Sir apke example me jo rishab 1 lakh rupay mahina kama raha hai wo uski taxable income hai ya net income

Background music is annoying.

Aaplog amazing ho ! Maza Aaya !

That is really very good rules 💯. Main to follow krunga ise. Term insurance tk ka to process Krliya hai. Now 2stage ki bari. Maja aya. It will really help me a lot.

40% down-payment is a joke

Indian public maximum below 20K

Kya faultu calculation mindset

unemployed college student 😅😅😅