Benefits of taking a loan | How to take loans to make money
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- Опубликовано: 1 окт 2022
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Taking a loan can be a dangerous game.
But if done smartly, you can make CRORES out of it.
Watch this video till the end to understand why I took a Rs. 1 crore loan to buy a villa in Goa instead of making a complete downpayment
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Attributions:
Stock videos from Pixabay and Pexels
Logos: Wikipedia Commons
Video Editor: Vallabh Salgaonkar
►My new stock market course starts in October 2022 [SEATS FILLING FAST]:
wisdomhatch.com/finance/
______________________________________
►Some of my favourite courses on upGrad:
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#upgradnow #FFwithupGrad #Lifelonglearning
1cr ki emi 80 kaise bani ?
Hey Robert kiyosaki
@@jasdeepsingh1107 😂😂😂
@@jasdeepsingh1107 bhai pura video sahi se nahi dekhte ho kya ?
90 lac down payment kar diya h 10 lac p loan liya h
Hindi???
Akshat buys a villa in Goa , makes RUclips video and pays emi 😅
Awesome line brother 😂
True
Infinity loop😏
This is the only place where I disagree with him. What if the tenant stops paying. Property prices are not regulated in India. How can you say you will get 4 crores return?
exactly this is what gonna happen.. income from youtube and by selling courses.. though good idea
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a Fin-Advisor) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities.
please who is the expert guiding you? i have lost so much as a beginner🥺 investing into stock without a proper guidiance of an expert.
I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes. Thanks
Good luck spammer 😂😂😂😂😂
Just buy
Fine organics
Asain paints
Varun beverages
Dmart
Jk cement
Do long term invest in these stock atleast 5 year
Be happy 😊😊
Then invest in mutual fund
Was waiting for this topic for ages . Thank you !!
After i made my first million I realized that when a stock starts booming chances of you finding out means you are quite late to the party, for this I make sure my CFA handles that, it's like turning your notifications to earn more millions.I Reserve much gratitude for Stephanie Priscilla Bonillo my humble advisor
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ChatBot spammer spotted
Finally the explanations are on a clean background rather than corner on your webpage👍🏼
beautifully explained, thank for such valuable financial lessons. love it...
Few observations:
The rental income attracts tax after standard deductions, house tax and interest payment.
Considering 81k/m; gross rental is 972k.
After standard deductions and say 10k house tax it net rental is 913k.
Interest rate deductions 123k (8.45% for 10 year, 1 cr loan).
Total rental income approx 800k.
Tax on 800k is about 50k give or take.
Although it doesnt dent the investment but would have been nice to cover these aspects also.
👌👌
Exceptional customer care, *911 Mike Help* truly dedicated to client satisfaction.
Excellent content as usual Akshat! Keep it up 💯
I was watching this video and then my neighbour came and we watched it together. He said that this video changed his life and touched his heart. I then went and rented a projector in a big field and all my villagers watched it and it changed their lives too. We all are so grateful.
Thank You for this video….
Bruh XD
😂
One of your best videos on you tube. Very very informative. Especially about leverage and pay back period of a loan amount that we take. Thank you very much.
Big bull's lesson #1- never put borrowed money in the markets. Earn and invest. You might regular a large capital but start small.
He is misleading everyone.
Large business are generally made on leverage...
Borrowing to invest in equity can be done but it doesn't make any sense. It is a long term game and to finance the borrowing for a long period isn't financially or psychologically healthy.
The formula rich people uses to stay wealthy is : Buy, borrow and die. 1) Buy in recession or when it is cheap ( stoc , real estates) 2) borrow more money with assests they already have 3) die, inheritate assests ( not cash) to the next generation with company shares to save taxes and insurance is always there to protect the wealth anyways.
@@whalemurugun , he is correct not misleading.
Good approach Akshat. Very well put forward. Thanks for detailed information
You explained the concepts so simply. Great work.
You need to take in to consideration the Indexation while calculating profit/loss from house property.
Thank you sir for teaching. Us this deep financial knowledge
THIS IS ONE OF THE BEST VIDEO I HAVE EVER SEEN,THANKS A LOT.
Well explained...yeh mne pehli baar apka video deka hai or especially mujhe esa content bohut pasand hai ❤️❤️❤️ TQ sir for guidance
Learnt so many things from this, thank you
Pragmatic and well explained, thank you.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock/Crypto market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
Most people believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimum access to other currencies or gold/silver coins.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
Crypto currency and NFTS will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment with the help of Josef Dennis's signal
Trading with Josef Dennis signals completely altered my perspective on bitcoin because, despite everyone's complaints and fears, I was able to expand my portfolio from 6 BTC to 27 BTC in just 7 weeks with active trading…
You are right! I diversified my $400K portfolio across various market with the aid of an investment coach, Josef Dennis. I have been able to generate a little bit above $1.2m in net profit across high dividend yield stocks, ETF and bonds during this red season.
Great content ... Very well summarized ... I m glad unlike others u covered all aspects of investment, House, Gold and Stocks and the important fact that it is good to take a loan(debt) provided u are investing it in a good asset.
ᴛʜᴀɴᴋs 👆ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ☝️ ғᴏʀ ᴍᴇɴᴛᴏʀsʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs ᴡʜᴀsᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.
This man is a living testimony of everything you should NOT be doing with your money. Amazingly stupid ideas presented in a glorious package 😃😂
Agree
Disagree , Sir. Think about this scenario. Govt. scheme in all over the world is usually not reliable as it is design to generate the cash for the govt. and to compensate the subsidies for poor in order to get votes for elections and interest rates are not usually under the Govt. control. RBI and Govt are two different institutions.
Bhai aap hi bta do kya krna chyye fr ?
@@aaminsaan4978 Simple, get financial education from books, not social influencers. And then apply your own brain to make future proof decisions, involving delayed gratification and sensible investing into stocks, not real estate or gold.
😂😂 agreed
Excellent video. Good of you to share your project for generating additional cash flow and increasing your wealth through loan.
I own a studio apartment in a Mall. Does Airbnb take them on rent also?
Great content Akshat!
Thank you, very insightful video.
Very informative in simple language.👍
Really cleared a lot of doubts about loans, thanks
Spam
You are a Gem! Thanks. Love & Regards.
Your rental income is taxable at 30% and also year around generating consistent income is tough, the figures don’t add up
Very informative. Thanks
Is sub-renting services/Airbnb manager provided by Airbnb? Are there any risks associated with sub-renting? Are maintenance costs taken care by Airbnb manager (from their pocket)? If not, how much is the monthly/yearly maintenance cost of such villa?
Also, will it vary how much the Airbnb manager pays to you as there might be off season where there are no customers or you have made a fixed deal/agreement for a year wherein the manager will be paying 81k irrespective of off season?
Very precise and informative video for middle class salary class. Thank you.
Thanks valuable information given by you
Agree Car is a liability, Recently i started car pooling in Bangalore since companies started calling back there employees,Since i travel all the days to week i get riders on regular basis which is actually generating me good returns at least to clear my Fuel and service charge
U have business mind 😊 finding opportunities everywhere, everyday
As always...Killing it bro
Excellent explanation
In my whole life … first time ever i have seen such a great video with so simplified explanations on real difference between asset and liability including genral rule to calculate along with leverage calculation…. Thanks a lot … this kind of video will make many people to overcome from their earlier taken bad decisions as well it will help to take finacial good decisions for their bright future…. Thanks Thanks Thanks….
Hahaha...... This is a joke..... airbnb 81k for 1 month ..... even a 5 star charges less ..... where are the details.....the whole basis of rent is flawed.....
Very important information Thanks
Only I know how amazing you taught so many Things
Hey Akshat, great video. Purely from a tax benefit point of view - the tax deduction one claim is 2L on the interest paid. Hence, it may make sense for for person to take only as much loan as interest payment of which can be claimed? completely claimed
Sit, your videos are so good that before watching them I press "like" button and then watch them. I suggest every beginner in stock or financial markets should watch your videos.. Thanks alot
You changed my life. Thankyou
As always, good video Akshat!
Thank you sir for informative videos
Hey Akshat, there are lot of options to but commercial space which have a fixed rent that the developer promises for a 10 year period. The rental yeild is between 5-8% per month. Do you have any insight into these? Any traps that you can foresee?
Nice informative video.
Undoubtedly, one of the best videos in RUclips to understand personal debt and investments, especially for newly salaried employees...
Thanks a ton for this amazing video!
this type of dangerous business/investment idea is a reason for inflation.
@@twinkal1438Agree but a small inflation rate is beneficial for the growth of an economy...😅
@@SUGGYAN1356 this will ruin the borrower's life
@@vickyAlways How?
There's always an element of risk. You must be capable/intelligent enough about how to manage funds in all types of situations...
After that you need courage to take risk. Either stay poor or take risk, choice is upon everyone...
@@SUGGYAN1356 not everyone gets 81k rent monthly guaranteed and if montly income didn't generate u will be in loss. don't blindly believe any youtuber
Firstly Congrats! on your purchase of a Villa in Goa. In case it suits you then please make a video on how outsiders can buy property (Land n Bunglow in Goa) or what are the restrictions, n how to found your villa. Thanks!
It depends on your age as well. The younger you are more % of loan of your salary can be taken . Becos ur salary increases rapidly when u r young. When i was young i had taken alsmost 70% loan and as i grew older it had become 20%
Can you pls share more details on the property, was looking to do a similar investment
You are letting your property to airbnb manager on fixed rental income of 81k pm so that’s just income under house property, not your business income. You can get standard deduction u/s24 along with interest on loan.
learning a lot from you respect 🤟
What about tax on rental income ? Which goes about 24k (30% on 80k).. effective price is 56k ?
Awesome video...few things..
1. Time value of money calc.
2. Loan emi paying from business. By the time we close loan of 20yrs we allready paid bank double.
Hi @akshat can you please explain me this, 1 cr Loan for 20 years at 8% interest would also cost you an EMI of ₹83.6k,
Thus even after 10 years you would still have to pay EMIs for next 10 years, and thus you can’t sell the house to make a profit of 4cr! ( please enlighten me, if I am missing something)
( also, considering it was a fixed loan the interest rate would have been much higher)
A few months ago you had made a video as to how properties are ridiculously priced in Goa and I commented on it explaining how the pricing makes sense, just wondering if my comment changed your mind.
Very Very well explained
The calculation of 4x growth is absolutely incorrect - with a loan of 1cr, 7.5-8% rate of interest and EMI of 81k, the loan tenure will be approx. 20 yrs and after 10 yrs, you need to repay approx. 65-80L from the money you make by selling off the villa (~ 4cr) - so effectively, you have not grown 4x with your investment but approx. 3-3.5x
but he already paid 90L as down payment from the Loan amount, so he got 10 months of EMI
RAJAT, YOU ARE CORRECT
@@vasila1 the price of the house is 1.9 cr, downpayment of 90L plus 1 cr loan amount
Could you please elaborate your AIRBNB investment journey? And the 81K cash flow claculation too,. Also would like to have a glimpse of your property.
You won't get fixed interest on your loan at 8 percent... Its usually 2-3 percent higher than current floating interest. Also did you add annual tax, electric and water bill, furnishing cost, repair cost etc? It honestly seems too good to be true to get that much return from renting it on airbnb
If it's too good to be true it ain't true. In India even if you are a politician you won't get a loan below 10%.
Even I thought the same
HE must have taken loan much earlier when interest rates were hovering around 6-6.5% for home loan. Only that video would have been made recently .
I was waiting for someone else to point this out, and also as someone who has worked at an NBFC, the companies dont usually give out fixed rate loans.
@@pushkarerande123 rightly said. I had seen my father's business got crushed due to heavy debt and we had a tough time to get out of it. Even when I started my consulting business to SMEs, I had tough time with processes for loan from bank and decided to rather go for boot strapping.
Buying a property on loan from bank doesn’t guarantee that the property doesn’t has any dispute. This is wrong assumption, in real life scenario dispute might be already ongoing from past 100 years but we might not be aware of it because the bank only does the verification of the property on the documents which is being provided by the seller .
This is true, I know a real example. People from TN know film producer RB Choudry who owned a property in Nungambakkam which was taken over by the government because it was a temple land. The beauty is the purchased loan using bank loan. So it depends on the local law.
Very informative video
Never seen a better video than this
Where where you in the 90s Akshat ?? If only we had received such useful financial advices back then !!
Hey Akshat, great video and I am learning a lot. Hope I saw your videos when I started to earn.
This video is as good as any other wanna be unicorn startup on an excel sheet !
hello Akshat sir, can i get your broker details for buying a villa in goa & which area you have purchased ?
man u are a real business man!!!... not for ur land purchase... it for how u advertise it...
Thanks for your comment. What’sap me with the number showing above for more information and consultation on profitable investments.
And why will somebody rent the property in this case,when purchasing will be more sensible than renting?
Two questions around this investment Akshat. Today you are in Goa but what happens when you relocate to another city. Managing a property in another city is daunting. How do you overcome this ? Did you buy this property as an individual or as a firm ?
Akshat, agree with the concept of benefiting from leverage. But how do you get both Tax benefit on the interest and also claim business expense? Is the property classified as residential or commercial?
he is leasing out the property to himself
Akshat, this is great content you have presented here, would you mind using professional mic for recording this.. I know u already have that as an asset, thanks.
very good explanation
Dear Akshat please make videos of market position in the forthcoming days of economic crisis.
Thank may be more benifits to the investors, by application of ur high macro economic knowledge..
🙏🙏🌹🌹
A brilliant strategy. The only cons: The taxes. The profits earned are taxed. Which results in a net negative situation in terms of profit earned.
hey, really appreciate your videos, and agree to everything you'v talked about, just don't agree with stocks being assets but stocks are purely secutires.
Congratulations on the new asset 👏🏻👏🏻✌🏻
CA would never classify car as an asset. We term it depreciating asset
Akshat can you please make a video on you decision rationale for starting an Airbnb business in Goa. Would appreciate you sharing your findings
HI akshat Can you make a video on redevelopment of old socities and Investing in them .
Selling for 4 crore in 10 years does not mean 4x as there will be balance loan of roughly 75L that also needs to be paid.
Hi Akshat,
Since the Airbnb returns pays the EMI for the loan for the Villa, You would not be over leveraged, right. ?
So as long as one can pay the down payment, Can one take multiple such Villas on Loan and still never be considered over leveraged, right?
Hello Akshat , Thanks for making a nice & informative video. Can you please help how you identify the property ? How to get Airbnb services, I mean they must be managing guests check-in to the society , documentation , property maintenance / service & check-out ?
Clear hai!Thanks boss seedhi baat no bakwas...
⬆️⬆️Reach me with the watsapp line above for more information ,guidance and for available investments. Thanks for the feedback
I think it is better to start investing at whatever stage, young or old.
But invest after understanding what you invest in.
Hatts off to your desire ,will and HONESTY to spread knowledge and awareness which is beneficial to all.please continue your good work 👍👍👍
Thank you so much sir!!
Thanks for your comment. What'sap me with the number showing above for more information and consultation on profitable investments.
Make video on education loan covering the repayment tenure(years) and all.
You have hit a jackpot kudos to you
😂
When you hear ... Let's Assume too many times... You know how hypothetical this case study is.. 🙏👍
How about borrowing @10% and investing in Index stocks which would deliver 15% returns ?
Does it not a logical proposition ?
😂😂 grow up kid and see what happens to markets..see Chinese Japanese markets..
Hi Akshat…..thanks a lot for creating such informative videos.
I have started investing in Us stocks recently. Did you still hold your positions in US stocks…especially Coinbase, Airbnb, Shopify and UiPath….I think in Sep-21 you have invested in these stocks which are currently trading much below your buying price.
Lol.. nobody will disclose their closed positions..
Hi Akshat idea is conventional and looks cool but the difficult part is choosing the safest & guaranteed, assured stable income assets..could you pls support to list & recommend a list of any type of safest assets which can immediately start paying you to nullify the EMI (with a downpayment ranging from 10L to 90L) and also has a 1x,2x,3x,4x growth down the line after 5,10,15 years..etc..( basically request is downsizing of amount but idea and concept remains same)
bro I have idea, but the issue is just one. You like me would be in 30% slab. I made profitable plans but with the coming of Taxes, they all turned non-profitable.
also, I had concerns about quick liquidation, another reason for not opting.
@@hiteshnankani644 shameless indian govt is increasing taxes everywhere more n more with each passing year
If I am a Car Collector, & I purchased a Vintage Car, so it can be considered as an asset.... Or... I am purchased a Car, Modify it and then sell...
Nyc content 👍
But Akshat, what if you dont get good occupancy rates? How would you get the rental money consistently then?
i am totaly naive to business dealings and hence asking - how do you hire a manager and expect they wont betray you with money or even with keeping the house in tact etc. Do you put any clause on them while hiring ?
Good more real estate videos like this graham stephan
Am I the only one who is wondering how he will clear a 1cr loan by paying EMI of 80k for just 120 months!!
Yes I am totally surprised how he missed giving the key input on what was the credit in loan amount and how much he paid as interest to bank and even after that he assumed he double the money…. crap
Me too