@@saneworld9418 So it depends from bank to bank , company to company. I have given you the technical definition of an HNI in India. Companies can chose whatever they wish to, as per their policies !!
The guy is wealth manager for HNIs... He is on the show to just an example how some people are already sorted... Life is not about Paisa bachao, invest Karo... But life enjoy bhi karo...
Now everyone in the comment section is sad coz this guy's financial situation is mostly sorted. Anshuman u should do more of those screwed up folk's stories with numerous loan burdens, family issues etc. then only your audience will feel more satisfied and happy 😂
@@anonymousgod2006 To be completely honest Anshuman is not a great finance fixer. His ideas are mostly take insurance or don't buy expensive stuffs . These episodes are popular coz people love to know what's happening in other people's lifes especially find out how fucked up their life is lol. So some of these episodes are jus some random guy's story
Anpad insaan here is the defintion of passive income . Passive income refers to earnings derived from financial investments or business activities in which an individual is not actively involved. It is income that requires minimal effort to earn and maintain. Examples include rental income, dividends from stocks, interest from savings, and certain types of business income where the individual is not directly managing the day-to-day operations. The goal of passive income is to generate revenue with less ongoing effort compared to actively working for income.
@@darshanthakker1402 Its a passive income of course but didn't expect this from wealth manager. 25% allocation in P2P is very very risky...& dont forget the Ulip which hardly compound at 4-5 %.
There are some mistakes that even financial advisors commit !! No one is perfect. Wealth management and preservation is a continuous process and one is bound to make some mistake at some point :)
@@darshanthakker1402sir please help me on this confusion: my dad is saying that start ur first job from muthoot finance 🙏🏻 Mumbai Mira road , in aprill 2024 I' would complete my graduation in bammc , please tell me if it's good to have job there? I'm advertising student! And dad saying do start carrier in finance
Darshan appears to be quite composed and thoughtful. One aspect that surprised me was his view on vehicles as assets. Traditionally, precious metals are often seen as assets when fashioned into jewelry for family members. However, liquidating such assets can be challenging, with significant losses incurred due to making charges and jeweler negotiations. Additionally, reconsidering P2P lending might be wise. My early experiences with such platforms haven't left me with a favorable impression of this investment avenue. While Darshan's age wasn't mentioned, I presume he is a bright and young individual with many years ahead of him. Wishing him the best of luck!
Hello. I consider vehicle as an asset because that's also what a bank looks it as. For example, you buy into a share of the company and it's value goes down, technically you can still sell it at loss and get some of your capital back. Same thing is applicable to a car as well :) Also, the price of my vehicle has gone up after i purchased it and I'm getting offers to sell it at a 10% profit over my purchase price. Coming to precious metals, i only prefer purchase biscuits so there are no making charges or any other loss that i may have to incur. I buy / sell the biscuits at prevalent market rates without paying any extra commission or mark up. Regarding P2P lending, i have put a part of my portfolio in it and not the entire corpus. As soon as a get a favorable entry point in the equity market, i will be moving a large chunk of that corpus to equities. I park into P2P so as to get an alpha return of 5% for short time. Btw, I'm 30 and will turn 31 this year :)
Car is a depriciating asset and also a consumption asset unlike a stock. Value always goes down. Infact value of 99% of tha cars go down drastically as they leave the showroom.
@@darshanthakker1402 okay. Thank you. Just a thought, don't you think for 9% it's a little bit more risky. Wint wealth offers 10.5-11% bonds with monthly interest anyways.
@@dhruvdani Don't you think 11% bonds are even more risky? Also P2P / Bonds are nothing but a Risk-Reward play. It all boils down to the risk you are willing to take.
Excellent channel providing comprehensive personal finance guidance, from navigating wealth management to optimizing tax savings and retirement planning!
Collecting too many liquor bottles can attract raid at home. Its illegal to store liquor more than a certain amount at home. The amount varies from state to state.
if you feel his financial situation is sorted learn a lesson or two and get inspired instead of just getting jealous. Don't look for just sad stories to get motivated lol
@@taurus50000 jealousy lol do you work with him, do you do his taxes. Then how do you know whatever he said is true lol. I've seen so many people fake like this to flex and then hide from society when the truth is out.
To spread more financial awareness amongst people and to show that wealth management and creation is not rocket science. It just needs some discipline and direction :)
@@darshanthakker1402I anticipated a more disciplined and focused approach, considering your role as a wealth manager, especially with regard to certain asset classes. Whether P2P lending is positive or negative is a separate discussion, but I find it surprising that it serves as a primary source of passive income.
@@experimentalSR Well, it's a matter of personal choice and Risk-Reward ratio. At the end of the day, it's my money and I'm free to chose any asset class, as per my risk appetite and discretion. For short term basis, I'm okay to take the risk in order to get an alpha of 6% in the debt category :)
What was there to fix his finance..but it's funny to see him adding vehicles 15% in his portfolio..isn't that depreciating liability rather than asset...strange
Hi, The same can be said for any investment avenue. You buy an asset, and its value goes so, so technically you can still sell it at a loss and get some of your capital back. That investment is will still be an asset for you irrespective of loss / profit.
Being a wealth manager, oddly he's made some bad financial decisions in life. That's quite ironic! Commodity, loans, P2P lending, travel, extra house. Oh man!!
My retirement account has gone down by 13.7% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.
I personally think its good to bring guys like him into your videos once in a while, there's a lot to learn from him in terms of how to make right financial decisions. But yeah, the title is a bit misleading.
Seems to be Scamster..... 62k ULIP quarterly i.e around 20k monthly....and this amount is just 5% of his investment....so 100% would be 4,00,000....so basically he invest 4L every month and his family income is 2.2L....feeling bad for his clients in Axis Bank.
Please see the video carefully and listen to what I've said. 62k quarterly = 2.5 lacs annually. 5% of PF is in ULIPs / PF / APY so do the math accordingly if you're good at it :)
I am surprised to see how these people are into HNI wealth management. Even his basic financial skills are very poor. Weekend home spending car loan of 95% of 14L car and 40k spending on vacations. Also P2P 🤫 (people had already trolled). @anshuman by looking at such people will never go with such fund house for MF or anything. ULI sabji me daal milakar khana better term insurance continue kar lete
Should we buy health insurance if company already provides one? Currently I and my wife are covered and I pay around 44k for my parents via same insurer through company.
This guy is wealth manager, and invests in ulip, P2P lending, so many red flags Luckily his father has home in Mumbai, if that's not the case he would be broke
Hi, So P2P lending is solely based on Risk-Reward ratio. It gives me an alpha pf 5-6% over traditional debt instruments and I'm absolutely okay with the risk involved in it. It's for short term and this money will be moved to equity at a future point :)
BANKS CANNOT INCREASE THE TENURE WITHOUT CUSTOMER'S KNOWLEDGE AS PER RBI..IT IS CUSTOMER TO DECIDE TO INCREASE THE EMI OR TENURE.. WE CAN PUT A CASE AGAINST THE BANK..
To me it doesn't seem like it was done only for sponsorship, it's just 2-3 Min anyway. Personally I think it's good to get insights how people decent with money spend too. It's not like you are going to spend your entire working life fixing your finance at some point you are gonna get good
When Anshuman asks about the investment portfolio split, it is helpful if the IRR/ returns of each investment are provided to us viewers .. for e.g., this dude has invested in precious metals, real estate , even vehicles (i don't get how vehicles are investments - are vehicles appreciable investment, really ?) .. i see no MFs/ PMSs, and just 25% stocks .. for a wealth manager that is quite unique .. The IRR of each investment would clarify (even justify) the investment portfolio (asset allocation) rationale. Also does P2P lending allows 18% CAGR returns? If so, that is more (or atleast similar) returns than most MFs. the relative risks is the key though. Thanks.
Hi, For example, you buy into a share of the company and it's value goes down, technically you can still sell it at loss and get some of your capital back. Same thing is applicable to a car as well :) Any investment avenue that you're holding in your portfolio can go down but you can still sell the same and get some of your capital back. That investment avenue is still an asset your you, thought negative!
Following are the returns for my PF on CAGR basis Stocks- 16% ULIP - 15% NPS - 11% Real estate - 12% P2P- 10-11% Precious Metal- 12% I don't have any PMS as the ticket size is 50 lacs. Wish i had that kind of liquid money / investable corpus 😅
15:43 he recommends taking home loan even if you have cash upfront. I am sorry but I don't understand your logic . Please calculate it in excel and provide a proper justification. It does not work that way. In any case, home loan rates are higher than FD rates. Only take home loan if you want to invest the amount somewhere where the expected return is more than the home loan rate and processing/admin charges
Home loan rates in India will vary between 6.5%-9% as per the current interest cycle in India. Home loans in India usually get paid in 10-25 years. In that amount of time, you will be beating your HL interest rate hands down of you invest your money in just an Index fund !!
😂contradictory statements which is he is trying to convince himself that his finances are on right path…. Buying holiday home in asangao ??? Is real estate investment for him … vehicle is asset … no term insurance he has … metal is asset … wants to retire early by 40 😢 gives p2p lending
Yes, RE is an investment for me. The value is already up by 20% in the last 18 months :) P2P lending is a Risk-Reward game. I'm okay with the risk involved :) Precious metals have beaten all indicies since the last 15 years. Kindly do your own research. It's giving me a rough CAGR of 15% which I'm more than happy with. For example, you buy into a share of the company and it's value goes down, technically you can still sell it at loss and get some of your capital back. Same thing is applicable to a car as well :)
Trust me when i tell you, it's a myth. It's just not that easy to replace a private banker !! AI may take away the entry level jobs but not the private banking jobs !!
Seems like a decent bloke but I dont understand why comment section thinks his finance is fixed…in fact I feel sad for those HNIs who has a wealth manager who invests 25% in P2P, doesnt have a term insurance for himself, invests in ULIPs & puts his vehicle in the investment pie chart.
Hi, For example, you buy into a share of the company and it's value goes down, technically you can still sell it at loss and get some of your capital back. Same thing is applicable to a car as well :) Any investment avenue that you're holding in your portfolio can go down but you can still sell the same and get some of your capital back. That investment avenue is still an asset your you, thought negative!
ULIP marketing 😂😂. First person i know who doesn't have equity but has ULIP. clearly promoting and marketing. He must have equity and not telling here.
By taking a loan u r paying lesser interest since principle goes down with every payment whereas the same amount grows more since the interest also adds to the existing principle amount
What's the deal with this trend of flaunting your English? Many white-collar professionals in India tend to respond to questions in Hindi using English. I understand you're educated and proficient in English; no need to explicitly emphasize it.
humare desh mein yehi colonial mindset to hai jo nahi gaya hai abhi tak!! If you speak in fluent english you are considered ok, but if you speak in an accent and be like this guy, you are considered way too intelligent!! Bolna hi sab kuch hai yahan pe!!
So my salary structure is tax friendly and i also have a HL, 80C investments, NPS, medical insurance for parents etc which i utilize judiciously and to my advantage which helps me save a lot of tax and increase my take home salary.
Well, i like to have complete control over my equity investments and hence i chose direct stocks. Also, the ULIP which i have is much cheaper than a mutual fund. FMC is much lower and returns in the long run are superior and tax free :) P2P is just a matter of Risk-Reward ratio for me. Gives me a good alpha of 5-6% over and above normal debt returns. I know the risks and I'm okay with them !
Hi, For example, you buy into a share of the company and it's value goes down, technically you can still sell it at loss and get some of your capital back. Same thing is applicable to a car as well :) Any investment avenue that you're holding in your portfolio can go down but you can still sell the same and get some of your capital back. That investment avenue is still an asset your you, thought negative!
I request Anshuman plz feature only those people in ur episodes who hv a salary below 50k and are having loans and some other debts etc then this shows had meaning..Don’t feature these type of showoff guyzz
Dude wants to retire in 15 years but spends 50% of his income in expenses. To add to it, calls his car an asset. He should have been corrected in these things by the interviewer. His FIRE number is not achievable at this rate.
Hi, For example, you buy into a share of the company and it's value goes down, technically you can still sell it at loss and get some of your capital back. Same thing is applicable to a car as well :) Any investment avenue that you're holding in your portfolio can go down but you can still sell the same and get some of your capital back. That investment avenue is still an asset your you, thought negative!
Also, kindly understand that my income level is not going to remain the same for the next 15 years. It will increase YoY. My expenses are not going to be 50% for the rest of my career. They are going to remain more or less the same. So the percentage of my expenses as compared to my income will keep decreasing with increase of my income. My FIRE number is definitely possible in 15 years :)
@@darshanthakker1402 Hi Darshan. I can say with experience that just like saving, spending is also a habit. If you spend 50% now you'll spend the same proportion with higher income as well. There's nothing wrong in spending. But being aware of your finances is definitely important. I'd never recommend anyone to buy ULIPs, P2P for investments. A car is ONLY a liability. You can think of it as 1lakh rent for next 15 years because after that time it's of no value. Also remember if your FIRE number is 10Cr today, 15 yrs later that would equate to 40Cr. Just a few things to be taken care of. Apart from that cheers and awaiting your travel vlog!✌🏻
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
Spam-free Term Insurance - bit.ly/3UkhABD
Hey Anshuman,bring some labourer who either does masonry or lifts brick
We would like to know,how they manage expense of their family
Jana waste hogya !!₹
Definitely, this guy invited anshuman for publicity to impress his HNI clients. 😂 chalak bro 🙌
HNI Clients don't get impressed with RUclips or TikTok Videos. They have CA or Advisers to look for Wealth Manager .
Private banks ka ei scene hota hai
Actually not bad idea
But kya impress Bhai depressed ho jayega investor aise bandhe ko dekh kar. Axis AMC ko stress test ki bhi jarurat nahi aise log hai to😂
He's fixing Anshuman's finance 😂😂
Hahahaha thanks for the compliment :)
@@darshanthakker1402 Hey whats ITR amount by banks to be an HNI, is it 8 Crores or more?
@@saneworld9418 So the technical definition says- Networth of $1 million, excluding place of residence !!
@@darshanthakker1402 Anshuman said around 60-80 Crores.
Can you tell practically how much amount banks see client as an HNI?
@@saneworld9418 So it depends from bank to bank , company to company. I have given you the technical definition of an HNI in India. Companies can chose whatever they wish to, as per their policies !!
This guy's finance seems already fixed.
Showoff
The guy is wealth manager for HNIs... He is on the show to just an example how some people are already sorted... Life is not about Paisa bachao, invest Karo... But life enjoy bhi karo...
Still WIP if you were to ask me personally :)
It's a continuous process which requires learning and discipline to an extent !!
@@darshanthakker1402 👍
@@darshanthakker1402 👍
Fix your finance ❌ Flex your finance ✅
Now everyone in the comment section is sad coz this guy's financial situation is mostly sorted. Anshuman u should do more of those screwed up folk's stories with numerous loan burdens, family issues etc. then only your audience will feel more satisfied and happy 😂
but isnt the show "fix your finance"? Where is finance getting fixed?
@@anonymousgod2006i was about to comment the same thing bro.
@@anonymousgod2006 To be completely honest Anshuman is not a great finance fixer. His ideas are mostly take insurance or don't buy expensive stuffs . These episodes are popular coz people love to know what's happening in other people's lifes especially find out how fucked up their life is lol. So some of these episodes are jus some random guy's story
Guy's take this as an ad in between the regular videos 😂
living at 1.7 pm lakh in OWN home in Mumbai doesn't need financial advice.
HNI wealth manager calls interest on P2P as passive income 😂😂😂
How is he an hni ?
I get money in the account every quarter, so technically yes it's a Passive income.
It's an unsecured FD obviously :)
Anpad insaan here is the defintion of passive income . Passive income refers to earnings derived from financial investments or business activities in which an individual is not actively involved. It is income that requires minimal effort to earn and maintain. Examples include rental income, dividends from stocks, interest from savings, and certain types of business income where the individual is not directly managing the day-to-day operations. The goal of passive income is to generate revenue with less ongoing effort compared to actively working for income.
@@darshanthakker1402 Its a passive income of course but didn't expect this from wealth manager. 25% allocation in P2P is very very risky...& dont forget the Ulip which hardly compound at 4-5 %.
And considers vehicle as investment! Ok
This is not a fix your finance episode, there is nothing to be fixed here .
It definitely is a good learning opportunity, name it something else.
Wealth manager needs your help
To fix his finances? Omg
Probably bragging?
I was about to say the same thing man🤣
Same thought, he is managing HNI's money and now he's asking for fix his finance, what's the logic i didn't understand
@@harigovind511"your" can the viewer or the guest,right?
I guess in this video it was the viewers more than the guest
There are some mistakes that even financial advisors commit !!
No one is perfect. Wealth management and preservation is a continuous process and one is bound to make some mistake at some point :)
bhai ye banda ko anshuman ko advice dena chahiye🤣😂
this guy living best life😍
Hahaha.. thank you for the compliment :)
@@darshanthakker1402sir please help me on this confusion: my dad is saying that start ur first job from muthoot finance 🙏🏻 Mumbai Mira road , in aprill 2024 I' would complete my graduation in bammc , please tell me if it's good to have job there? I'm advertising student! And dad saying do start carrier in finance
@@darshanthakker1402s sir can you please guide to get entry in this field any internship or any sort of job to get experience
Darshan appears to be quite composed and thoughtful. One aspect that surprised me was his view on vehicles as assets. Traditionally, precious metals are often seen as assets when fashioned into jewelry for family members. However, liquidating such assets can be challenging, with significant losses incurred due to making charges and jeweler negotiations. Additionally, reconsidering P2P lending might be wise. My early experiences with such platforms haven't left me with a favorable impression of this investment avenue. While Darshan's age wasn't mentioned, I presume he is a bright and young individual with many years ahead of him. Wishing him the best of luck!
Hello.
I consider vehicle as an asset because that's also what a bank looks it as. For example, you buy into a share of the company and it's value goes down, technically you can still sell it at loss and get some of your capital back. Same thing is applicable to a car as well :)
Also, the price of my vehicle has gone up after i purchased it and I'm getting offers to sell it at a 10% profit over my purchase price.
Coming to precious metals, i only prefer purchase biscuits so there are no making charges or any other loss that i may have to incur. I buy / sell the biscuits at prevalent market rates without paying any extra commission or mark up.
Regarding P2P lending, i have put a part of my portfolio in it and not the entire corpus. As soon as a get a favorable entry point in the equity market, i will be moving a large chunk of that corpus to equities.
I park into P2P so as to get an alpha return of 5% for short time.
Btw, I'm 30 and will turn 31 this year :)
Car is a depriciating asset and also a consumption asset unlike a stock. Value always goes down. Infact value of 99% of tha cars go down drastically as they leave the showroom.
Even a wealth manager has ULIPs and P2P lending, damn i would never want to take advice from them.
These Wealth Managers only trap people for their commissions. I would never suggest anyone to go to a wealth manager.
Absolutely😂
Likely he is advertising this so that his HNI clients might agree to ulip proposals.
Hello Folks,
This is me in the video.
Please feel free to shoot any questions / doubts.
I'll be happy to help out :)
Hi. I was interested with the whole P2P lending thing. Which application do you use and how has your experience been?
@@dhruvdani I use Cred Mint. The interface is smooth and withdrawal is easy. The interest rate offered is around 9-10%
@@darshanthakker1402 okay. Thank you. Just a thought, don't you think for 9% it's a little bit more risky. Wint wealth offers 10.5-11% bonds with monthly interest anyways.
@@dhruvdani Don't you think 11% bonds are even more risky?
Also P2P / Bonds are nothing but a Risk-Reward play. It all boils down to the risk you are willing to take.
@@darshanthakker1402 yeah makes sense. Both are equally risky.
Excellent channel providing comprehensive personal finance guidance, from navigating wealth management to optimizing tax savings and retirement planning!
Lol the thumbnail is so misleading. Spending lakhs on vacation and alcohol. Video turned out to be anti climatic.
Hahahaha i know right.
Potrays me as an alcoholic which I'm not 💯
Anshuman is on weight loss journey 🫡
Collecting too many liquor bottles can attract raid at home. Its illegal to store liquor more than a certain amount at home. The amount varies from state to state.
This is called learning how to fix your finance for anshuman
Thank you so much.
I take this as a compliment :)
Sometimes the need is not "Fix your finance" Its just we want to get inspired by those who have already fixed their finances
His life is sorted!
You can try to reduce you ROI as well by balance transfer or renegotiating with your bank so that spread decreases
how is everything "odd" according to this guy.
😂😂
These type of people just come here to show off nothing else, and such people also tend to lie and fake their income.
Correct
if you feel his financial situation is sorted learn a lesson or two and get inspired instead of just getting jealous. Don't look for just sad stories to get motivated lol
@@taurus50000 jealousy lol do you work with him, do you do his taxes. Then how do you know whatever he said is true lol. I've seen so many people fake like this to flex and then hide from society when the truth is out.
@@ashutosht10 correct
@@taurus50000 Ok, 1st lesson - be born to rich parents
Hi Anshuman, Ditto is very very lazy and they wasted my one months time for term insurance, I took it from policy bazar in the end.
what was the motive behind this episode
Advertising didn't you see that..
To spread more financial awareness amongst people and to show that wealth management and creation is not rocket science.
It just needs some discipline and direction :)
@@darshanthakker1402I anticipated a more disciplined and focused approach, considering your role as a wealth manager, especially with regard to certain asset classes. Whether P2P lending is positive or negative is a separate discussion, but I find it surprising that it serves as a primary source of passive income.
@@experimentalSR Well, it's a matter of personal choice and Risk-Reward ratio.
At the end of the day, it's my money and I'm free to chose any asset class, as per my risk appetite and discretion.
For short term basis, I'm okay to take the risk in order to get an alpha of 6% in the debt category :)
@@darshanthakker1402 👍🏻
Vehicle is not considered as "Investment" unless this is a business vehicle generating income.
its considered a depreciating asset
He's into core financial sector... it's only normal for him to not mess up his own finances
What was there to fix his finance..but it's funny to see him adding vehicles 15% in his portfolio..isn't that depreciating liability rather than asset...strange
Hi,
The same can be said for any investment avenue.
You buy an asset, and its value goes so, so technically you can still sell it at a loss and get some of your capital back. That investment is will still be an asset for you irrespective of loss / profit.
Being a wealth manager, oddly he's made some bad financial decisions in life. That's quite ironic! Commodity, loans, P2P lending, travel, extra house. Oh man!!
How is travel and secondary home a bad financial decision? If he loves it and can afford it, what's the issue??
how did he fix his finances???
Appreciate this episode.
Learnt many things from this episode.
I'm glad to hear 😊
First time watched a fix your finance episode which didn't involve any fixing
There is no FIXING of Finance in this video.
Angshuman needs to learn more, so that he can fix finance of already fixed people 😂
We want people with destroyed financial plans in the show not someone with a sorted plan.
Hahaha.. Sorry to have disappointed you !!
I don't think he is here to fix his finance, i think he is here to flaunt it.
You do realise here the word "your" can be indicating the viewers too, right?
I am here to spread financial awareness. Happy to help anyone who asks for it :)
My retirement account has gone down by 13.7% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.
Where did you fix his finance
I personally think its good to bring guys like him into your videos once in a while, there's a lot to learn from him in terms of how to make right financial decisions. But yeah, the title is a bit misleading.
How come a depreciating asset (vehicle) for personal use is considered an investment? at 13:30?
Fix your finance❌️ Flex your finance✅️
Hahaha thank you 😊
Seems to be Scamster..... 62k ULIP quarterly i.e around 20k monthly....and this amount is just 5% of his investment....so 100% would be 4,00,000....so basically he invest 4L every month and his family income is 2.2L....feeling bad for his clients in Axis Bank.
Please see the video carefully and listen to what I've said.
62k quarterly = 2.5 lacs annually.
5% of PF is in ULIPs / PF / APY so do the math accordingly if you're good at it :)
Bro living very rich life with just 23lpa. Normal people can’t live this life even if u give them 40lpa
I take this as a compliment.. i use my resources wisely and judiciously :)
For most people housing is the biggest expense. So living in your parents' home takes off a lot of pressure. It also requires smart decisions!
This guy is the smartest one on this show . Clearly he didnt need any help. Just to be on camera. 😂
Hahaha.. thank you for the compliment 😊
What is the good p2p platform, any suggestions?
I am surprised to see how these people are into HNI wealth management. Even his basic financial skills are very poor. Weekend home spending car loan of 95% of 14L car and 40k spending on vacations. Also P2P 🤫 (people had already trolled). @anshuman by looking at such people will never go with such fund house for MF or anything. ULI sabji me daal milakar khana better term insurance continue kar lete
I used ditto to buy health insurance, even customer executive called but they did not help much not satisfactory svc
Should we buy health insurance if company already provides one? Currently I and my wife are covered and I pay around 44k for my parents via same insurer through company.
Yes incase if u frequently change companies
Yes definitely, In case of unfortunate job loss you would be out of insurance. And generally these have 1-3 yr waiting for certain illness
Yes you must.
Yeah, he has explained why in previous videos
This guy is wealth manager, and invests in ulip, P2P lending, so many red flags
Luckily his father has home in Mumbai, if that's not the case he would be broke
Hi,
So P2P lending is solely based on Risk-Reward ratio. It gives me an alpha pf 5-6% over traditional debt instruments and I'm absolutely okay with the risk involved in it.
It's for short term and this money will be moved to equity at a future point :)
A wealth manager earning 2 lac/mon commutes by train, while his wife takes an auto! Exceptional, I mean aajkl log 50k salary mei car utha kr use krte!
Money saved = Money earnt.
That's my logic 😊
BANKS CANNOT INCREASE THE TENURE WITHOUT CUSTOMER'S KNOWLEDGE AS PER RBI..IT IS CUSTOMER TO DECIDE TO INCREASE THE EMI OR TENURE.. WE CAN PUT A CASE AGAINST THE BANK..
No. It was other way around
Which health insurance he took, from which company and which plan?
Flexing your Finances
Uno-reverse it is!! Darshan fixing Anshuman's finance! 😂
This is not a video i was expecting.. he had all his percentages calculted himself. Seemed more like video done for sponsorship .
This video is made to inspire others to be like him.😊
To me it doesn't seem like it was done only for sponsorship, it's just 2-3 Min anyway.
Personally I think it's good to get insights how people decent with money spend too.
It's not like you are going to spend your entire working life fixing your finance at some point you are gonna get good
When Anshuman asks about the investment portfolio split, it is helpful if the IRR/ returns of each investment are provided to us viewers .. for e.g., this dude has invested in precious metals, real estate , even vehicles (i don't get how vehicles are investments - are vehicles appreciable investment, really ?) .. i see no MFs/ PMSs, and just 25% stocks .. for a wealth manager that is quite unique ..
The IRR of each investment would clarify (even justify) the investment portfolio (asset allocation) rationale.
Also does P2P lending allows 18% CAGR returns? If so, that is more (or atleast similar) returns than most MFs. the relative risks is the key though.
Thanks.
Hi,
For example, you buy into a share of the company and it's value goes down, technically you can still sell it at loss and get some of your capital back. Same thing is applicable to a car as well :)
Any investment avenue that you're holding in your portfolio can go down but you can still sell the same and get some of your capital back.
That investment avenue is still an asset your you, thought negative!
Following are the returns for my PF on CAGR basis
Stocks- 16%
ULIP - 15%
NPS - 11%
Real estate - 12%
P2P- 10-11%
Precious Metal- 12%
I don't have any PMS as the ticket size is 50 lacs. Wish i had that kind of liquid money / investable corpus 😅
15:43 he recommends taking home loan even if you have cash upfront. I am sorry but I don't understand your logic . Please calculate it in excel and provide a proper justification. It does not work that way. In any case, home loan rates are higher than FD rates. Only take home loan if you want to invest the amount somewhere where the expected return is more than the home loan rate and processing/admin charges
Home loan rates in India will vary between 6.5%-9% as per the current interest cycle in India. Home loans in India usually get paid in 10-25 years.
In that amount of time, you will be beating your HL interest rate hands down of you invest your money in just an Index fund !!
What is the point of this video? This guy's finance is already sorted. He was just showing off for the entire video.
😂contradictory statements which is he is trying to convince himself that his finances are on right path…. Buying holiday home in asangao ??? Is real estate investment for him … vehicle is asset … no term insurance he has … metal is asset … wants to retire early by 40 😢 gives p2p lending
Yes, RE is an investment for me. The value is already up by 20% in the last 18 months :)
P2P lending is a Risk-Reward game. I'm okay with the risk involved :)
Precious metals have beaten all indicies since the last 15 years. Kindly do your own research. It's giving me a rough CAGR of 15% which I'm more than happy with.
For example, you buy into a share of the company and it's value goes down, technically you can still sell it at loss and get some of your capital back. Same thing is applicable to a car as well :)
Potrayed him in bad light…by emphasizing on Alcohol so much…
Hahahaha absolutely 💯
Tell me about it !!
I just like collecting bottles, I'm not an alcoholic 😂😅
This guy should increase his passive income as his job will be taken over by AI in the next 2 years or maybe less.
Trust me when i tell you, it's a myth. It's just not that easy to replace a private banker !!
AI may take away the entry level jobs but not the private banking jobs !!
@@darshanthakker1402 You wait and watch.
Wealthy managers also need to suggest for financial … O M G😂
Anshuman looking so lean... Nice
Class topper interview be like.
Hahaha.. 😂
Seems like a decent bloke but I dont understand why comment section thinks his finance is fixed…in fact I feel sad for those HNIs who has a wealth manager who invests 25% in P2P, doesnt have a term insurance for himself, invests in ULIPs & puts his vehicle in the investment pie chart.
He is already sorted..what did he fix?
He took tips from him
Soooooo.. Where is "Fix your Finance?"
Personally i never include my vehicles in my portfolio.
Hi,
For example, you buy into a share of the company and it's value goes down, technically you can still sell it at loss and get some of your capital back. Same thing is applicable to a car as well :)
Any investment avenue that you're holding in your portfolio can go down but you can still sell the same and get some of your capital back.
That investment avenue is still an asset your you, thought negative!
@@darshanthakker1402yea it's an asset though being depreciating
He is not sorted . Highly influenced by you tube videos of FIRE model.
I've been sorted way before these FIRE concepts became tredy :)
Wealth manager is putting vehicle as an investment. LMAO
The thumbnail says a different story. 😂
ULIP marketing 😂😂. First person i know who doesn't have equity but has ULIP. clearly promoting and marketing. He must have equity and not telling here.
Ghor kalyug bhai ! Ghor kalyug !
Certified wealth manager ko Anshuman ki zaroorat pad gayi !
I didn't get the part where Anshuman said it is advisable to take loan and not pay the entire money upfront.
By taking a loan u r paying lesser interest since principle goes down with every payment whereas the same amount grows more since the interest also adds to the existing principle amount
@@raunaqjuneja3533 makes sense. Thanks!
Graphic designer earning just 30k
Yes, they are the people working their asses off, but don't get much pay. Suggest some good companies which give high pay.
Unfortunately, yes :(
@@darshanthakker1402 product based startups or international remote jobs should pay more than that
What's the deal with this trend of flaunting your English? Many white-collar professionals in India tend to respond to questions in Hindi using English. I understand you're educated and proficient in English; no need to explicitly emphasize it.
humare desh mein yehi colonial mindset to hai jo nahi gaya hai abhi tak!! If you speak in fluent english you are considered ok, but if you speak in an accent and be like this guy, you are considered way too intelligent!! Bolna hi sab kuch hai yahan pe!!
He mentioned about P2P lending.. how good is this avenue for 2nd income??
What's with this trend of answering Hindi questions in English ?
Looks stupid..
Guy bought a vehicle as an investment instrument, interesting
why is vehicle an investment ??? it’s a liability no ?
With 23L CTC, 1.58L pm doesn't seem accurate. Even if 23L was gross pay it should be around 1.3L around.
May be the PF deducted is very less!
its possible, salary structures are different from organization to organization
So my salary structure is tax friendly and i also have a HL, 80C investments, NPS, medical insurance for parents etc which i utilize judiciously and to my advantage which helps me save a lot of tax and increase my take home salary.
Very odd way of investing. Manages funds for HNI but doesn't invest in MF but does in P2P :/
Well, i like to have complete control over my equity investments and hence i chose direct stocks.
Also, the ULIP which i have is much cheaper than a mutual fund. FMC is much lower and returns in the long run are superior and tax free :)
P2P is just a matter of Risk-Reward ratio for me. Gives me a good alpha of 5-6% over and above normal debt returns. I know the risks and I'm okay with them !
Let us know about the health insurance plan, name for elderly people >60yrs of age
how is vehicle an investment?
Hi,
For example, you buy into a share of the company and it's value goes down, technically you can still sell it at loss and get some of your capital back. Same thing is applicable to a car as well :)
Any investment avenue that you're holding in your portfolio can go down but you can still sell the same and get some of your capital back.
That investment avenue is still an asset your you, thought negative!
I request Anshuman plz feature only those people in ur episodes who hv a salary below 50k and are having loans and some other debts etc then this shows had meaning..Don’t feature these type of showoff guyzz
Most of his episodes are like that. Atleast let there be some episodes where people are happy and doing well.
I need these videos, stop being so self centered
Trying to fix Wealth Managers finance 😂😂😂
Anshuman whats the secret behind your weight loss please share bro
Anshuman please stop boozing and start working out...
Sorry to write this " where is equality, he is earning 170000 and wife is earning 30000 😢", utha le re baba utha le.
I know right. My wife is extremely underpaid for the work she does and that's the sad reality of life :(
this guy is sorted, living in his own house in Mumbai
Technically it's still my parents house 😅 😊
What is the best P2P platform?
This man only came to show everyone how his finances were well sorted. Not enjoyed at all.😬
Hahahaha.. sorry to have disappointed you !!
Bhai retirement webinar join kaise late ?
So what was fixed in this video?
This episode should be renamed as fixed finance😂❤
Dude wants to retire in 15 years but spends 50% of his income in expenses. To add to it, calls his car an asset. He should have been corrected in these things by the interviewer. His FIRE number is not achievable at this rate.
Hi,
For example, you buy into a share of the company and it's value goes down, technically you can still sell it at loss and get some of your capital back. Same thing is applicable to a car as well :)
Any investment avenue that you're holding in your portfolio can go down but you can still sell the same and get some of your capital back.
That investment avenue is still an asset your you, thought negative!
Also, kindly understand that my income level is not going to remain the same for the next 15 years. It will increase YoY. My expenses are not going to be 50% for the rest of my career. They are going to remain more or less the same. So the percentage of my expenses as compared to my income will keep decreasing with increase of my income.
My FIRE number is definitely possible in 15 years :)
@@darshanthakker1402 Hi Darshan. I can say with experience that just like saving, spending is also a habit. If you spend 50% now you'll spend the same proportion with higher income as well. There's nothing wrong in spending. But being aware of your finances is definitely important. I'd never recommend anyone to buy ULIPs, P2P for investments. A car is ONLY a liability. You can think of it as 1lakh rent for next 15 years because after that time it's of no value. Also remember if your FIRE number is 10Cr today, 15 yrs later that would equate to 40Cr. Just a few things to be taken care of. Apart from that cheers and awaiting your travel vlog!✌🏻
@@ManasSrivastava492 Each one to his / her own :)
Yes, will update regarding my travel Vlogs :)
He is getting 1.58lakh in 24lpa package... Strange 😢
What's strange? It's 23.5 and not 24.
Most underwhelming episode so far. Nothing to learn everthing is sorted.
Sorry to disappoint you :)
Why did Anshuman call this guy? To learn from him?
I take this as a compliment :)