How to be LOAN FREE fast & forever 2024 onwards? | Debt Trap Free | AssetYogi Show # 3
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- Опубликовано: 16 июн 2024
- How to be debt free? Live a loan free life 2024 onwards. We can get freedom from debt trap by managing our loans and debts better.
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We'll explore 4 strategies to help you manage debts efficiently and identify good and bad loans while taking home loans, car loans, credit card loans, personal loans, and top-up loans according to your wants and needs.
We'll also understand how to Avoid High Interest Rates and Late Payment Charges by managing our finances.
00:00- Introduction
00:42- Strategies to manage Loans & Debts
01:10- How to pay debt fast?
03:02- Which Loans to be repaid first?
04:20- Credit Card Repayment Tips
05:29- Good Loan vs Bad Loan
09:45- Get Cheapest Loans Always
09:57- Top-up Loan
11:05- Loan Refinancing
12:03- Increase EMI vs Loan Tenure
12:46- Maintaining good CIBIL Score
13:52- Credit Utilization Ratio
14:18- Save and Buy
14:59- Outro
About the Video
To achieve a debt-free life from 2024 onward, it's essential to navigate our finances prudently and avoid falling into the loans and debt trap. In an era of easy EMIs, purchasing items with deferred payment options can become burdensome without proper financial management. It involves overseeing credit card bills, handling interest rates, avoiding late payment charges, and more. Effectively managing existing loans is a smart step towards concluding them efficiently.
Opting for EMIs has become a convenient choice in today's scenario, covering various loans such as car loans, home loans, education loans, and top-up loans. Distinguishing between good and bad loans is crucial to avoid financial burdens. While taking EMIs might seem convenient, mismanagement can lead to a debt trap. It's vital to discern between good and bad loans and align them with our specific needs and wants. This strategic approach is key to attaining financial freedom.
In this video, we’ll cover the following concepts:
• How to be Loan free?
• How to manage Debt and Loans?
• What is Good Debt and Bad Debt?
• Debt free kaise ho?
• What to do with high-interest loans?
• Which Loan to Pay off first?
• Loan Free life kaise banaye?
• What are the benefits of Loan Refinancing?
• How to manage multiple Loans?
• How to get cheapest Loan?
• How to pay Debt fast?
• How to get freedom from debt trap?
• Should we increase EMI or Loan Tenure?
• How to take Top-up Loan?
• How to maintain Credit Utilization Ratio?
• What are the effects of Prepayment on CIBIL score?
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Website
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#loanfree2024 #goodloanvsbadloan #assetyogishow
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Sukriya Sirjii... Always explain everything in most simple way..
Happy New Year Sir🎉🎉🎉. Great video and good strategy information given by you.❤❤❤
Thank you for covering all loan in one video ❤❤❤
Sir Ji.. Wish you very Happy New year .. In. Advance.. May your channel and teachings spread more and more in 2024
Thank you Sir. I truly learned something new today.
Sir aap itne ache se har baat clear kar dete Ho ki koi question poochne ki gunjaish hi ni rehti.
Thanx a lot sir for ur guidence
Thanks a lot
👍Great and on the point analysis 👌
Mukul sir i am following you since year 2019 and regularly watching your video, help me out for the debt free easy niw 2024 hope next year i will be dept free.
Very helpful advices sir. Thank you so much!
Ye Topic bahut jaruri tha .
Thankyou sir for such informative video! I just want to add-on one thing that while opting for top-up on home loan, one need to check weighted average rate that they will be paying on total loan.
Could you please explain a bit please
Asset Yogi se request hain ki aap value investing ke bare mein video banaye for beginners..
Nice information, thank you sir🙏
Happy new year sir!
Aaj tak koi loan nahi liya par information gather karna always beneficial thanks for the video
Very informative video, thanks.
Sir ji aapne bahut mahatvpurna jankari di Thanks ❤❤❤
2:24 which formula is used for home loan?
Very good and True advice... Thank you Mukul ji❤
Sir, You are really an asset for us.
Thanks a lot!
Super video excellent information sir thank you so much
Also thank you sir 🙏 for written chapters 🙏
Thank you sir
You are the most intelligent & wise finance youtuber in India
I have a question, will taking more no of credit cards, and using very sensible, does it has impact on credit score
Nice information.. Thanks sir
Amazing Lessons !!!❤
Thank you ji, this video is very informative. Can you make a video about Quantum AI?
sir you make a video on what is trust & what is will
Thank you for advice..
Always welcome
Can you make videos on equipment leasing and their process and calculations?
Dear sir 🙏. Sir home buying vs renting pe ek video jaroor banayiye
Good very useful information thank you sir
Good Malik sahab
aap ke samazane ka tarika bahut badiya hai
Happy new year ❤
Wish you all happy New year , may god bless you and your family
This video is very helpful❤
Mr perfectionist ❤
Sir ji....pura life kharap hu gaya credit card loan and loan se...ur vedio motivated ... like it
Thankyou!
Great sir 🙏🙏
sir you are great teacher thanks
Thank you Sir for guiding us at every moment of financial planning
Glad
Hats off ❤
How much amount we can pay as principal payment on home loan in a single year ?
Hi Sir, Can you share that excel that you were referring in your video.
बहुत-बहुत धन्यवाद इस जानकारी के लिए आभार व्यक्त करता हूँ प्रणाम स्वीकार करे ❤❤❤❤
🙏
Igniting minds.
Hats off. ❤❤❤❤❤
Very helpful video sir ji
Is there any app which can suggest how to manage our finance and do financial planning??
Please keep it up with your new videos personal loan are home loans debt traps sir
Only genius in RUclips,hats off
Mutual fund me utna increment nahi milta he.. so wo bad idea he.. it's better to fill that amt in loan account so interest amt ll reduce faster
Sir, I have questions. Early payment of Home loans and investment in Mutual funds what should be the ratio for both.
Thank Sir 👏
Happy new year sir
Must needed topic these days
Indeed
nice information sir. thanks
Very informative vidoe
Ek dum sahi bol rahe hai aap
Your every video informative sir❤
Thanks a ton
To sum it up
1. Snowballing strategy
2.Reducing bad loan
3. Toppingup low interest loans
4. Save for luxury but forgot one strategy
Feb 2024 mein debt free ho jaunga
Bc abhi loan nhi lena at age 26 saari salary loan mein hi chli jaati hai
NO EMI ONLY SIP ❤
I have taken a loan on credit card and the emi which is mentioned over there bank deduct that amount plus they also deduct tax on it. so what I need to do
Happy new year🎉
Ek kahawat hai jo hamare badon ne kahi hai " Kam khao gam khao " . Wish everyone happy new year 2024 & kam kriye aur paisa save kriye. ❤
As Always Great Knowledge..
Wish you a very happy Credit Free New Year Sir
Good sir ji ❤
Superb ✨️
Hello Sir I like your context every time and use to watch your videos but I have a question If you can please answer that for me.
NDTV profit logo in left top corner, Why❓
I think there are many more you want to know why Adani NTDV is flashing on your video.
Thank you, Mukul jee, for the insightful breakdown of bad vs. good loans! Your advice on staying debt-free is invaluable. Grateful for the financial wisdom shared in this video! ❤
Dear sir new and old regime ka calculator open nahi ho raha please share again
Valuable Inputs on Loans - but can you brief us on the subject matter - if we are talking home loans then how to close those at best possible time. Thanks 🙏
different ways to deal with this, few from my side:
1. Pay 1 extra EMI in every financial year
2. Purchase Equity of the same bank from which loan is taken on regular intervals in 1 financial cycle.
3. Purchase MF based on some research on regular intervals in 1 financial cycle
@@AmitKumar-sx6zf Thank you so much for your valuable suggestions
@@AmitKumar-sx6zf Equity or MF se loan par to koi farak nahi padega. Jitna extra EMI de denge utna jaldi repayment hoga. Uske baad investment ke options has Equity or MF. Or same bank ke equity se to kuch matlab nahi, jo achcha return de raha hai or safe hai woh le lena.
Sir mera question hai
Maximum kitne loans (Good Loans) le skte h jisse Cibil score pr jyda effect na ho kyuki Kahi suna tha Maximum 3 loan hone chahiye
home loan interest nbfc mein 16% Tak hai example: DMI housing finance
Bahut achhi jaankari.. I m your very old subscriber.
Sir kya bank limit laga sakta hai home loan repayment pe?
What if personal loan is charging higher interest rate, then what will be the best option to get rid of from it
Wish you and your family members
Very happy new year 2024
Mukul Yogi ji🎉🌞💐😊
Business loan par koi tip de skte hai kya please 🙏
Should I take loan for buying a plot (Land) for long term investment???
Ekdam sehi
Foreclosure of loan will effect on cibil ?
Sir grt financial advice but what about contract on mortgages by bank , nbfc in process gulps ur assets .
I like ur videos sir
Sir in big trouble, cibil score down drastically and no. Of loans increasing. Please help
Hats off to u mukul Sir
Kuo ji
I do agree sir
Thanks you🎉 mukul
Most welcome
Sir
We are waiting for your new video
Please provide information about No Cost EMI. Is it good or bad. Theoretically it is interest free... Please enlighten us..🙏
No Cost EMI ka pura sach jaane: ruclips.net/video/nKGsZOumH6k/видео.htmlsi=c4p06reyWjpS4IEm
Sir,
अगर मैने ५ साल के लिये personal लोन लिया है और अगर एक साल के बाद अब repay पूरा कर सकती हू तो क्या repay करना सही होगा? मै ३ साल मे रिटायर्ड हो रही हू.
प्लीज़ गाइड
Maine good loan liya hai business karne k liye aur aage bhi business k liye hi leta rahunga
Very nicely explain in between good lone and bad loan 😊
Informative video
Thanks
Emi ko pay karne ki best day kon hota hai in a month.. like first week of month or last week of month?
Good information
Wish you a very Happy New Year
Same to you!
Sir what do you mean by if I settle my loan my cibil will be decreased? I mean is it means if anyone pays their debt before time it will put bad impact on their credit score?
Nice information, Sir I have not increased EMI but every two three months I am paying extra amount like double or triple amount, it's okay or increase the EMI as ROI, please advise
Your strategy gives u flexibility of payment. If u have good control over financial planning then u may increase EMI, Otherwise increasing EMI and paying in lumpsum results in same result in terms of saving total interest....
Thanks
All depends on circumstances