7 CLEVER Finance Rules for everyone | Take Control of your Personal Finance
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- Опубликовано: 14 дек 2023
- Learn Basic Of Stock Market Investments at www.financeboosan.in
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Buy Health Insurance & Get up to 25% Discount 👇tinyurl.com/96cpjr7a
₹1 Cr health plan at ₹390/ month
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3x Monthly Income Rule: Aim to save or invest at least three times your monthly income each year. For instance, if you earn 40K per month, you should have saved or invested 1.2L by year-end. This represents a 25% savings rate, which is slightly below the average savings rate in India (30.2%) but still substantial to start with.
5 Day Rule: Invest or save at least 25% of your income within five days of receiving your paycheck. This can be automated through SIPs (Systematic Investment Plans), RDs (Recurring Deposits), or SSYs (Sukanya Samriddhi Yojanas). For those with irregular income, the key is to invest within five days of receiving the majority of your income.
“3” before “3” Rule: Prioritize having an emergency fund, term insurance, and health insurance before investing. An emergency fund should be equivalent to three times your monthly expenses and kept in highly liquid forms like a bank FD or savings account.
40% EMI Debt Repayment Rule: Your EMI (Equated Monthly Installment) or debt payments should not exceed 40% of your total income. If your EMIs are too high, the recommendation is to increase your income to keep the EMI within 40% of your income.
16 EMI Rule: To quickly pay off loans, aim to pay 16 EMIs per year instead of the usual 12. This can significantly reduce the total interest paid and the loan period.
25X Rule: Ensure your term insurance coverage is at least 25 times your annual expenses. This amount of coverage ensures sufficient funds for many years, accounting for inflation and lifestyle maintenance.
Rule of 72: This rule helps estimate the time it takes for an investment to double at a given annual rate of return. For example, at a 12% return rate, it would take about 6 years to double the investment.
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Buy Term Insurance & Get Online Discount Up to 10%👇tinyurl.com/ycy8st2y
Buy Health Insurance & Get up to 25% Discount 👇tinyurl.com/96cpjr7a
₹1 Cr health plan at ₹390/ month
Bro, for fat or obese people is there any alternate for term insurance. If obese the term n insurance application is getting rejected
Bro I'm change aadhaar card name ipo zerodha la automatically change aagidum ma ila any changes pannanum ma
ruclips.net/user/shortsm6seBVL4JEY?si=iTE8QMunQ9XVRH6Z
Bro, ithu unmaya???
Konjam cleara explain pana mudiyuma???
Every adult that is venturing into the career life should take your channel as a mentor for financial literacy
வணக்கம், தகவல் மற்றும் குறிப்புகள் பகிர்ந்தமைக்கு நன்றி. இது உண்மையில் உதவியாக இருக்கிறது. முடிந்தால் ipo பற்றிய விரிவான வீடியோவை வெளியிடவும். உங்கள் அனைத்து முயற்சிகளுக்கும் நன்றி 🙏
That's a lot of interesting and useful ideas in a single video ever. Amazing content Boosan, as always 👍👍
bro from your channel i have got so many clarity on my financial literacy
thank you so much
Best clear explanation, thanks bro ❤
Bro.. semma video.. oru financial advisor kuda ivlo details solla mattaaru.. now I have a clarity of my financial state and goal.. Thanks.. keep going
Excellent…Thanks
Nice bro .Thanks apdinu simple word la ethu solla mudiyathu.ur effort and explanation great 👍
Yepavume useful for ah iruku thanks thalaivare ❤
Clear explanation as always! Would like to hear about parent's retirement plans from you! If possible, please make a video on it.
Great video, very informative 😇
Thanks for your information
It was very useful bro. Thank you so much.
Boosan thambi ne quality pandra da..sooper..keep it up
Great informative content bro. Thanks.
This video is a gem.
Excellent bro ..!!
This content is eye opening brother..... Keep up the good work ❤🎉
Informative brother learn new things about finance
Audio quality awesome bro
Very nice and useful information Boosan. Keep on Edicating us..
Excellent Boosan. You are rocking as always..
Your videos are always Useful 😊
Thank you bro
Excellent Explanation Bro... Can You Explain Margin of Safety please
Boosan thanks for your very useful information
Bro Hats Off🎉
Kindly pls do the vedio for asset allocation rules Bro
Bro, ivalo naala enga irundheenga 😭🙏🏼 Enna sentence sonnalum, adhuku oru explanation solreenga, adha mattum ennaikkum vitradheenga 💥
Superb bro
Nice video bro ❤😊🎉
First like potu, video paka poyachi.🎉🎉
Bro govt free health insurance vs private health insurance comparison video poduga, yarum ithuvaraika podala I have a doubt ❤
Bro the best 🎉
Bro, superb, but very confusing with many numbers.
Sir super finance wealth ideas
you are awesome bro
Chance illa bro, semma explanation
Yaaru saamy nee 🙌
Hai bro,
Could you please make a video about P2P lending risks and benefits?
Please add English subtitles
Bro rba periya dout bro....Nan nifty 50 index fund la inverse panren 2000 rs past 1 months.authula auto pay option kuduthuthan ...auto pay option kudutha aprm manually la 1 week aprm ma 2000 inverse pana existing nifty 50 index fund la add auguma Ilana new va create auguma bro?????
Nan intha matiri pana bro yanaku 2 active sips nuu kamikuthu but Ona 1 mutual than inverse panren but 2 nuu show auguthu .....10.jan 2000 Jan 17 2000 eaduthupangala
Bro ITC video potunka
Brother my Request please your write one notes for Your Video.Your Video all must useful for Everyone so before video start you please tell one word(Please take pen and paper and just write my Valuable Points because this is must useful for You and Your Family)this is my Opinion.if I'm say anything wrong. I'M SORRY 🎉❤I'm One of the Biggest fan for you...😍❤
After See your Videos I'm save some money for my Emergency purposes.🥰thank You Brother❤💞
Hi bro , other than 80c any other tax reduction method is there?
Thanks Boosan. Please share swp Google sheet that is sbown in the video if possible.
Hello Boosan Sir..I have query regarding navi nifty50 index tax saver.. which has very less expense ratio of 0.1% where I have a doubt because of less expense ratio this will not perform well or it will..??
I have 2 points to discuss with you please help me out with more clarity on the elss fund..
Point 1 - Wat is the procedure to cancel elss inbetween..?? If yes wat will be the charges..!! If not possible then point 2..!
Point 2 - For the next year should I continue investing on the same navi nifty50 index tax saver or else should I choose other elss than this like as IIFL nifty50 index tax saver
Expecting your reply on this will be very helpful for me..Thanks in advance
Bro how to allocate long term investment portfolio.which stock have to hold.also mutual fund investment portfolio.best mutual fund for long time
Boosan whenever you pointing on SWP Withdrawal along with inflation point out taxes on double triple return bro. As usual your video rocks 🎉
Thank you for emphasizing that crucial aspect. It's definitely something we shouldn't overlook. For those who might not be familiar with this topic, I recommend checking out this video which explains the common mistakes we often make or miss: ruclips.net/video/aytPdK5VjmY/видео.html.
50:30:20 rule also u can consider in the list
Bro fundemental ah oru stock eppadi value pandrathu. Inversement ku eppadi fundemental ah Stock select pandrathu nu course kedikuma❤
Finance rule 2 mins rest of 10 min regarding promotion of paisa bazaar insurance
Hiii broooo ❤
❤
😊
Auto debit panra bank ku ellam epdi bro extra emi pay panna mudium
Hi bro,
I'm planning to do SIP in below funds and please share your opinion,
My age: 32
Goal: 1 crore
1) HDFC nifty 50 Index fund - Rs.1000
2) Parag flexi cap fund - Rs.1000
3) Axis (or) HDFC small cap fund - Rs.1000
Note: "UTI nifty 50 Index fund" shows minimum deposit is Rs.5000, so I choose "HDFC nifty 50 Index fund"
Add one mid cap fund
Bro Term insurance la yendha mathiri death lam cover aagathu nu oru video podunga
piramal enterprises share is good or bad; please speak about it ji-
Anna, disadvantages for buying online term and health insurance ? Pathi solluinga Yena online insurance buy pannumnpothu easy ya rejecte pannuvaingala..? Medical terms pathi solli.. pelese solluinga
Hi bro 1 doubt
For example
1 lac rupees face value bond ippo secondary market la 90k ku buy pandrom antha bond maturity mudicha 1 lac or 90 k varuma
Extra Emi katturadhuku ena pannanum, bank la contact panni idha emi options ku alter pannikalam ma
Bro NRI's epdi invest pannarathu bro .. aprum india vanthathuku aprumatha epdi change pannarathu bro plz sollunga
Bro if I take 1 crore amount after 20 years... due to inflation what to do ???
Will the rule of 72 applicable for both SIP & lumpsum? 10:03
Hi Boosan, can you give some details and information for Onsite Employees went for Job outside Side. Still Citizen of India and holding Active Indian Banks in India. Share us what will be the Tax applied to that person and any conditions applies. Can you Explain bro
16EMI or 13EMI rules applicable only for home lones. It's not applicable for personal loans and other loans..
What to do...
Clarification please ...
Sir angel one app la no trading charges nu charge collect panrangalla athu ethuku
Bro new car vaguratu pati video podu bro❤😅
Bro I tried to join in community. But it's came as subscription cancelled. But two times amount deducted
NANDRI SIR
NANDRI SIR
Intha order la pona innum 10 years agum ...3 things before 3 things
Hi Boosan, The 16x rule would not work for personal loan or Car Loan, because there are limits on how much you can part pay every year and there are part payment charges as well which you missed to explain.
Hello Aravind, thank you for bringing up this point. I did overlook mentioning it in the video. 16EMI rule will apply to loans with little to no pre-payment charges. For other loans, it's best to calculate the benefits or losses after including these charges.
@@finance.boosan , Okay.. thanks so much for taking time and replying. Your work in educating people about finances is so valuable. 👏🙏🙏
Bro my salary 20000 how much percentage can i invest
Hi bro,
Please make a video how really share market works
How prices are going up and down and all background datas.
Or please suggest any books
Why Stock Prices go up & down?
ruclips.net/user/shortszKMQ5xiGYrA?feature=share
Learn A-Z about STOCK MARKET & Finance - FAQ Part 2
ruclips.net/user/shortsU4W8u-3oEjw?feature=share
@@finance.boosan Thanks for reply bro.
Need more to learn like when to buy and when to sell, intrinsic value.
These all can be learnt from above links?
Are you insurance broker or Fin?
Policy bazaar safe platform ah
Is it safer to take term plan in policy bazaar, pls make one video on term insurance
Things to see before buying Term Insurance
ruclips.net/video/MybInIGu29w/видео.html
Bro, emergency funds epdi save panrathu with maximum returns and how much we need to save as emergency funds. Is this monthly savings or how?
Building An Emergency Fund in 2024 | Where to Save? | How Much Do You Need?
ruclips.net/video/POaW7B3J0LI/видео.html
Anna ipo 25 - 30% save pananumnu solringala athu investments are some other? Please tell..
Investments - assuming you already have emergency fund, and insurances
Bro.. 2 mutual funds la each 5k SIP la invest panradh better ah? illa single mutual funds 10k SIP better ah?
5k large cap index
3k midcap index
2k small cap index
Ellame puthusatha irukku bro
Liquid la save pananum na example solunka bro epti nu
Building An Emergency Fund in 2024 | Where to Save? | How Much Do You Need?
ruclips.net/video/POaW7B3J0LI/видео.html
@@finance.boosan tq u bro
Yaru pa thambi nee nu iruku...
ore video la rendu competitors kita irunthu kasu vangitu promote panniruka paru.. gilli na nee😂😂
This video looks more like a policy bazaar advertisement
Person with dumbest mind set like you can think like that
@@pradeepraj9913 naan dumb ah mindset spelling kooda theryala 😂😂
Bro investment learn pantrathu course launch pannunga
Unna maaari aalunga naala dhaan da free ah soli tharavanungalum kaasu ku course vikka aaramichiranunga
ஏன்டா ?
😅
@@nonentitys691💯
😂😂
Hi bro post office PLI santhosh endowment assurance scheme profit or non profit because it takes 15 years. How to calculate the interest rate of this pli plan? . Explain this scheme and worth it or not ❤🤞🏻
Don't make family - don't marry - don't make term insurance. or health insurance. Enjoy your life. Save whatever salary comes.
This content is eye opening brother..... Keep up the good work ❤🎉
❤
This content is eye opening brother..... Keep up the good work ❤🎉