28 Mistakes that destroy the financial life of Indians | Financial mistakes

[@jet2202]

1) Procrastinating investment. 2) saving in FD 3 ) no family medical insurance 4) no stock knowledge n fear of its volatility. 5) false investment in iPhone XS 1.13 lakh 6 ) bought backup phone when it is in found in discounted Price in flipkart worth 20k. I admit my mistakes and will rethink about my financial plans and decisions. Your video really makes me realise my financial decisions. Thanks a lot.

[@abhinayreddy4469]

For me what makes me feel sad is that , indian parents just throw all there life time hard earned money on marriage ..

[@chandanmishrikoti2392]

thats the dumbest thing . i beilive marriages should not cost more than 5 % of any ones savings.

[@HelloWorld-or2ih]

Correct...

[@prakashth]

Unfortunately parents do not listen, they say it’s a matter of prestige, what will my broke neighbours and relatives say? Blah, blah. After the marriage they go back to their broke lifestyle for the rest of their life.

[@abhinayreddy4469]

@@prakashth yes...

[@Esther-ps3vx]

@@prakashth You need to explain to parents that no matter what people will always have something bad to say. My sister has a lavish wedding, of course she spent her own money, but people still criticized the food. So in short you cannot make everyone happy. On the other hand I had a court marriage, no party at all and spent the money on a long good frugal honeymoon. And let me tell you I have more money than my sister because she lives for others and I live for myself. Spend and invest wisely and you will have a comfortable retirement.

[@abhishekaggarwal6415]

I'm proud to be frugal and believer of minimalism mindset.

[@yuvrajsinghbhati8596]

very nice

[@deathboltflash3599]

Exactly. Minimalism does not mean being stingy at all. It is just spending on what's really necessary

[@atithipatel1243]

I’m turning 18 in a couple of months. This is the best compiled list of sound financial tips I’ve seen so far. I’m so excited to start my future the right way :). Hope you keep making such quality content !!

[@nandakishore2710]

I am 19 and always tell about spending so much on marriage is waste but always gets scolded on that

[@thebritishindian1]

I’ve said this to my parents, uncles, aunts, cousins and after 30 years of saying this, I just don’t care anymore!

[@dennygeorge2591]

Nand, Be an influencer without worrying what others would think. Good advice has to be executed on time to get advise.

[@animeost9193]

My Dad has told me you can do court Marriage & after that throw a small party to important people

[@leviosa5405]

Omg yes , why can't people goddamn understand this. Our parents are always like "we should have value for every penny" and then they go nuts and splurge on one day. Like if they wanna help their kids , give some wedding gifts like some kinda investment or something instead of stupid luxury cars.

[@cea5er]

Brother u r on a right part ☆

[@vkkiran]

29. Having more kids than manageable. Per Capita per person in household reduces.

[@RelianceIndustriesLtd]

best is not to have any kids at all, spend that time and energy on doing productive things instead of creating more job demand , more demand for natural resources, etc

[@jamesraj6531]

@@RelianceIndustriesLtd If your father followed this advice :)

[@souravpal1768]

@@RelianceIndustriesLtd hv u ever thought where did u come from on this Earth!?

[@RelianceIndustriesLtd]

@@souravpal1768 before considering yourself so smart learn how to come up with strong counter arguments in a debate

[@RelianceIndustriesLtd]

@@souravpal1768 na jonmo dile hotam na, eishob kotha uthche keno je eirokom jibon hoche pure torture

[@biswajitnath804]

I never made any of these mistakes, all thanks to my father....he was such a wise person.

[@itsmeunique4359]

Rip your father🙏

[@biswajitnath804]

@@itsmeunique4359 I miss him sometimes

[@umspat5344]

Good to know

[@ashishvohra6429]

@Biswajit Nath I am exactly opposite to you I never listen to him and from 2017 I am in deep financial trouble but still fighting and he is still there helping his 40 year old son ... I misjudged him he is showing right way but I don't accept I am sorry Papa and mummy for misbehaviour and trouble caused by me . Thank you Mummy Papa for being there to support me in this crises. I will make come back .

[@biswajitnath804]

@@ashishvohra6429 Its not too late..you know my father used to tell me to save money but I didn't listen at first but when my mother got into a fatal accident (she is okay now), he told me , see son, shit happens , often without warning...and that changed me..my father died 7 years ago, I just bought a house 3 days ago but I still remember what he said about life , that there should be a balance...the thing I want to say that, its still not late for you ...

[@hrishikeshshinde5516]

This guy is literally scolding Indians 😂😂 P.S. he is speaking truth!!!!!

[@dennygeorge2591]

That's his manner of speaking. He is passionate but means well.

[@71sanjeevkumar]

👍

[@ElonMusk-tb2yi]

P.S. means?

[@siddharthshekhar909]

@@ElonMusk-tb2yi post script ( not 'please see' as many people think )

[@pradeeps4807]

Absolutely perfect. Not only indians, many youngsters in the world are doing this mistakes. There is a thin line between safe enjoyment and limitless enjoyment which many are unable to understand. Trying for investment is not wrong. Losses in investments are learning. Don't worry. Just be ready to live any type of life.

[@nvc114]

I have made all mistakes and realised at the age of 40s.. thanks I'm trying to move on right track.

[@veganube5963]

Shabbash bhai

[@shymaldas2429]

Good video . No nonsense , to the point . Have been a finance professional and appreciate your efforts to pinpoint the mistakes people make . 👍

[@RS_Rational]

Very well sum up, These are life lessons everyone should practice and transfer to the generations.

[@rahuldora9124]

I'm the only one achieved all the mistakes and finally realised couple of months ago. So, started learning and planning for the better future!

[@divaharm4787]

I really like the point...Real life is much different than social media life. Nowadays many ppl are falling for that gimmicks. Live in real life👍🏼

[@ganeshshinde5499]

I never realised this is a mistake- "Investing what is left after spending and not spending what is left after investing" I will correct this mistake of mine....thank you sir😁

[@shijukanobita4365]

I spend what is left

[@shijukanobita4365]

I have fixed savings monthly and I spend what is left

[@mayanksingh1345]

U have Stopped using insta, fb, and other social media for preparation of my exams. And believe me I don't even care now about those sites. And for your other advices sir I will thrive to follow them when I start earning. I have saved your video for future usage. Thank you for good content

[@TheCommentrator]

Money saved is Money earned. Trust me this is very very true.

[@the100radsstalker93]

My parents spent almost 25 lakhs on sister's marriage. Combined they spent some 50 lakhs.. From that day on I've decided either no marriage or marry without any hassles.

[@schrodingerscat1105]

@Shreyaawashere so true dude

[@deathboltflash3599]

it's basically a show off bro. Usually when people show off, it's to satisfy their own ego. But during marriages, it works to satisfy the ego of the guests as well. It's simply a sophisticated version of showing hospitality

[@the100radsstalker93]

@@deathboltflash3599 Indian logic is just wierd. Agar 25 lakh mein business ke liye poochtha, toh mujhe danda detha. Dharu khareedne aur shaadi mein karcha daalne ke liye paise hai sabke paas. 😄

[@artisticthings7843]

omg I would have purchased my dream house in that money😍😓 plz dont waste money

[@subhakantarout8350]

amir ho bhai.......

[@sudigoes]

Exactly my point! Spending all your huge savings on Child's wedding to satisfy relatives who only bother about food and talk about how much gold the bride's got! 👏🏼👏🏼👏🏼

[@samjames6346]

U r a relative to someone else as well. They would have the same opinion about u😂

[@samjames6346]

@Excel at Excel we always point fingers at others. But most of the times the problems lie within ourselves. At the core we all are the same. The individualization happens based on our upbringing, our education, societal conditioning etc. So we could be very wrong about most of the things. Our views about everything is totally distorted. Better to contradict ourselves to find meaning.😂

[@Arjun_Photography0800]

Exactly! And that's why I hate these kind of weddings.

[@abbubakar1277]

Up to point. No stretching unnecessarily. This is the first video of yours I have watched and I'm sold. I now know what kind of content I can expect from your channel so decided to subscribe. Keep doing the good work. No nonsense financial advice. Love from TN.

[@dharmeshpatel7824]

I learned from the mistakes of elders and I have been going very smart. I don't fake a lifestyle. When you walk the right path, you get a tag like 'boring' , 'tight fisted' from your so called smart friends who are already in debt of loans.

[@mmjn97]

Exactly! Good point

[@loveforfinance5291]

I'm glad, that my father keeps on pointing out these very points whenever I ask him about savings or investment-related queries.

[@dennygeorge2591]

Well done Sweta for paying attention to your dads advice. Most kids are not paying attention to what parents have learnt from their lives.

[@emiliakoley3196]

To understand financial management in layman's language, I think no other eminent personality can do what you are doing. Hats off to you 🙏

[@animenomad4186]

Check out Asset Yogi and CA Rachna Ranade. Thank me later

[@RKNancy]

Bruh, tell this to my parents who think one lakh worth clothes for 4 people is necessary for my cousin’s marriage. I am afraid I will be called kanjoos by my own family if I say it is a waste of money.

[@dennygeorge2591]

Nancy, make an effort to be an influencer without worrying what others would think.

[@pradeeps4807]

Marriage is one time in life. Need to make it special. But is it just by making it grand by spending money. A avg middle class spends almost 5-6 lakhs for marriage. One side yes these marriage occasions gives work to many but is it worth for a middle class person. He could have bought a maruthi car instead taking it on loan later. Youths needs to grow up and understand before marriage than repenting after marriage. Wedding can be held in any auspicious temple or a small party hall with max 1-2 lakhs budget.

[@veganube5963]

Goli maro duniya ko, apni raah zindabad brother !

[@blessonmathai]

Kerala?

[@raghavnani9381]

My family already calls me kanjoos...

[@RK-pf7jc]

One of the few videos with no gimmicks and no non-sense. Keep it up

[@guptasannidhi8441]

I get tears at 6.00 mins which costs around 4 to 7 lakhs for marriage I don't like this type as a middle class person

[@pritamtekriwal2281]

what a video, what words , what points , massive respect for u , u just nailed it with every point .......... take a bow

[@SahilBhadviya]

Thank you Pritam for your kind words.

[@SureshReddy-vu5vf]

3:20 Plain Facts about social media like Facebook and Twitter... Love u, big guy!!!

[@drkalanidhi]

First class. Big thanks bro

[@TejeswarReddy01]

Sir I use to read your answers in quora since 2 years... !!

[@blessindia1]

I appreciate this video for the basic fact that the video is totally in English. Most North Indian Vloggers I see, have an english thumbnail but hindi content or hindi english content. Vlogs must be in the language the thumbail shows. Keep up the good work Sahil.

[@sppati123]

You got a new subscriber to your channel!! You are younger than me but wiser than many people much older than you. I am a culprit to some of the mistakes mentioned in the video (overly conservative early in earning life, procrastination, unproductive use of time etc.) but lived by other principles. It has been 11 years since my career started but I followed sound principles only for the last 4-5 years and I am seeing the results. Will follow your channel not primarily for myself but to share with my younger cousins.

[@khushboo102]

I and my partner managed to plan our marriage in this pandemic just to save my family's money.. He didn't ask for any dowry His family even said to get married in a temple.. I told my parents to understand how important there money was. But they are not getting it. They are ready to waste 30lakh on our marriage but are not ready to give that money to me or not to spend any. They says "achha lagta hai, jb log hansenge humpe, 1 beti th uspe bh kharch nh kia".. I even told my well educated parents to buy me a house/land with that money rather than wasting on guest but they are like " Tum ko isiliye itna pdha likha k bada kia jo job krne k bawjood humse ghar maangrhi. " .. Seriously they never understand I even asked my father to get the card printed with "mask is mandatory" On it.. My mother says -batao ab hum card mai bh mask likhenge, log hansenge nh... I asked them to call only the closed ones, but there guest list is of 350-500 people . When I objected they said-"kis kis ko mana krenge, log peeth peeche baat krenge zrur kuch hua hoga tbhi kam logo m shadi krdi.. Aur fir humne 25 saal se sbko dia hai, ab shadi m hi to milega wapas" Gosh!!!

[@sujitkumarsingh3200]

Egoistic show off is the biggest problem with Indians. My father is simply piling up bank account number just to spend on my sister's marriage while being totally unaware that the buying power has actually shrunked.

[@भक्तिद्वार-स3ध]

Nowadays, the pure bond of marriage has transfigured into articles of snob appeal. Such a shame! They aren't just wasting money, they are degrading the holy relationship between the husband and wife to something like a monetary bond.

[@भक्तिद्वार-स3ध]

@@AS-gy7tu Correct, indeed!

[@anamika3678]

Log kya kahenge that my father used to say when I asked him to do grandfather's death ceremony with 10-20relatives. And we went to village ,he invited 400 people in 10th n 11th. After 15days he had covid. Then he died. Now see the result. We r alone n no log ll feel the pain we r feeling. Sometimes ignore log n do go for urself bcoz if u live well they ll be jealous , if u r having hard time they ll be happily laughing at ur condition. It life n choice r imp, log toh humesa kahenge.......

[@laalgoli8217]

Chutiya hain parents

[@ronny1330]

Trust me, what this guy said is 100% true I never did any of the mistakes what he mentioned and double the amount which I earned 6 years ago. While my friend used to make fun of my financial decisions now after the pandemic they are suffering the most.

[@mecharsh]

Hey man ! Fantastic job. Keep doing more of this. I can see hours of research and effort to consolidate issues into easy-to-understand points. You have my respect !

[@WolfManThoughts]

Spot on Bro! You hit right where it matters the most. Great Analysis!

[@vincysigma]

You are really woke up at least some people who are on wrong track..Well Done.Thank you

[@mrunmayibhate4128]

One of the best videos I have come across on the subject. There are a very few Indian KZbinrs who talk about finance. Couldn't agree more to each and every point you made. Can't wait to watch your other videos. :)

[@yashbehara7525]

Very good points, thank you

[@RaveSharrma]

Never mix insurance with investment. The only one who will benefit from it is the bank selling you that. Not you

[@shwetak1052]

Banks are new in this business... people have been buying lic policies willingly for half a century and thinking of it as investment

[@RaveSharrma]

@@shwetak1052 banks have been more aggressive, unethical and rogue in this regard!

[@kumarkukreja3481]

Wow. Excellent content. I am educated woman and have put my 2 kids on these lines absolutely. They also have the same mindset as you spoke. BUT. Many need to understand your view point which is absolutely correct. 100%. Young lads like you can bring changes in our society.

[@sachinsreekumar6795]

Mark my words bhai. This channel is near its breakout and will become a multibagger. Also the point about youngsters spending 70% time on phone is alarming. A tiktok generation is being raised.

[@Johnsondsouza1987]

Tik tok time bomb 😂

[@Rajchauhan-dm5ld]

Ultimate...... Keep people updated and aware Nice job

[@harinarayanan3197]

Absolutely wonderful! 28 maybe a lot but each one is important. Appreciate your time :)

[@telluniversal1868]

Very nice video 🙏❤️. Love it

[@sanyammurar]

Brother you are very honest. And very simple You are rare diamond

[@sudeepsharma9893]

EXCELLENT LEARNING

[@sriram89ramakrishnan]

Im surprised. I have not made any of the mistakes. Good to know im on right track.

[@abbubakar1277]

Kudos

[@hareshpatel9030]

Real worthy video...nice work...

[@Akhilartist]

Really like this video, Bless you!

[@bharathkranjan8820]

Fantastic answers...

[@Esther-ps3vx]

I have not made a single mistake that you mentioned. Great video! You got a new subscriber!

[@SahilBhadviya]

Amazing!

[@Esther-ps3vx]

@@SahilBhadviya Also wanted to let you know that I have taught my kids to make good financial decisions. They know the magic of compound interest. And at age 19 they started investing in their retirement accounts. I just found you channel, will browse through your videos. But if you have not made a video yet, make one on, how spending on wedding can make you poor and how investing that money can give a secure future to the family. Make it in such a way that your target audience is the parent and the child. Give both something to think about. I hate how people spend/ waste money on weddings. BTW I live in the US and your video was recommended by KZbin. That tells, that I watch a lot of finance videos😃 but it was good to see a channel from India. Good Luck with your channel.

[@johnofficial7599]

When u said '28 mistakes' I was really skeptical.. however all your points are quite valid and helpful.. Thank you..

[@nhk3419]

Plz never stop making videos....Indian parents don't give financial education to their kids...u can

[@niftymaster777]

Good try...we all do same mistakes somewhere in our lifetime bit no one admit or realize it. Lifestyle inflation is the biggest trauma in our country. Hope people getting enough financial knowledge to overcome it. Thanks for sharing...

[@applepeel1662]

As someone who is just entering the job market at 21, thank you so much for this!

[@ashokmajumder8023]

Seems like my father teaching me about Financial management.... thanks boss

[@Ankit-mw6ev]

8:37 You had me with this one.🙏👍 Probably the most important one.

[@venkateshrRam]

Hi Recently started watching your videos all are really worth to watch 😍

[@Thamima04]

Really you have given such a wonderful thing on basis reality mistakes of common people including myself.

[@EVERYDAYMOTIVATION5566]

Super research.. god bless you

[@Funfacts6585]

underrated channel, you deserve more subscribers

[@starstudents9288]

Awesome ! Thanks

[@manojchittayil3326]

sahil when i saw this was tempted to comment before hearing you out (what will a late 20s guy teach me syndrome ), heard you and realized that you have learnt stuff the hard way like me ...enjoy

[@maheshkhandare6677]

Everyone should avoid these mistake...to generate weath...very good sir..🙏🙏

[@kris-vb8iz]

Too good sahil.... loving your videos these days.luckily I am in 5%. And want to be in elite club.

[@rejuvenationfitnessgroup2070]

Very good advices

[@udayasingh905]

I’m worried that you are not getting more views for your quality content

[@SahilBhadviya]

Patience is one quality I have learned. Be it good health or return on investment. It takes time. If I continue to add value, it will slowly compound and give the return. I am a long term value investor :)

[@rockbinful]

@@SahilBhadviya great words and vision. I see a future shark in you brother.

[@SahilBhadviya]

@@rockbinful Thank you so much Siddharth for your kind and encouraging words :)

[@SureshReddy-vu5vf]

@@SahilBhadviya loved this response... Very positive view of things

[@gopalakrishnanm8305]

It is really worthy. Also start a video on income tax effect on dividends .short term capital gains, long term capital gains, and how to file IT return. A BIG THANK YOU

[@krisscrabbler]

Beautifully explained!

[@sandipswebmail]

Very insightful video! Personal finance is all about psychology and we humans are irrational.

[@vilaswani6823]

Very nice. Eye opener for Young.

[@manjunathak7589]

Among all points, I am very much concerned about people choosing insurance plans as the investment and many un aware of term insurance plans 🙄

[@sumankatkuri4488]

Simply said it all point to point... Thanks for sharing💯

[@SandipPatil009]

Your hair line parallel to background white line🤣

[@rahulgund2006]

😂

[@Devgaming323]

Really ,,nice analysis

[@sktips732]

Nice observation 😁

[@bedifferentunique3776]

😂

[@satvikkarki7230]

IQ 1000

[@datta123ify]

Well said. All ur points are very much valid. Thanks

[@anwarbadsha6339]

Every one say "Kanjoos and makichoos" Otherway, after 20 year say He is saving and investing and buying assests, then the called "Rich man, millioner,Wealthyman"

[@bijin69]

Marwadi and gujarati

[@loveforfinance5291]

tell'em you are choosy or particular about your taste and not kanjoos 😂

[@anisurfer84]

Very well put. A lot of companies are making money off poor/middle-class Indians due to these mistakes. The elite class doesn't suffer as much, and in fact reaps the rewards of their good investment habits.

[@georgejoseph5683]

Your views are really worth listening. Your channel will be popular within a short period. Best of luck.

[@pritalpawdeyeragi241]

Nice video. Eye opener for many.

[@Anu-rs3mk]

Gist :: Never bite off more than you can chew!

[@anuk48]

you sound like every parent in india.i am glad a youngster like you understands this.Hope the new generation follows you and correct some of the mistakes!

[@subramanyambalasubramaniya5453]

Just another eye opener. I would love to learn from you about the future prospects of Berger paints and SIS company. Thanks Sir 🙏

[@rajibdutta5215]

Bro/Sir....you open my third eye. I heartily agree with your points. Thanks for the video.

[@Sahib__Singh.]

This video could’ve save me years of needless spending, better late than never. Amazing content

[@jebamalai7798]

i also feel the same.. 20 yrs ago if I would have had this Financial knowledge..i would have been better now..

[@57-ajityadav46]

You are Genius Man

[@annetteindian]

Hard to find videos like this with no dislikes..!! 👍

[@komrad40]

Awesome...good analysis Sir.

[@sharmasushant73]

Excellent content, specially that marriage thing bro, people simply don't understand 😂

[@kmanasranjan9196]

Excellent observations ..hats off

[@YAravindkumar]

I am first time watching your videos and immediately subscribed after it. A great knowledge your providing really genuine quality content. Thanks 👍👍

[@philipphilip5472]

always go with what ur friend is doing.. thats the best success

[@ayansinha4039]

financial mistake and success both- trading f&o some of my known people lost everything, while i earned cores in march crash

[@harishbg9536]

Very true Sahil. Great work!

[@adityasarkar7576]

7:15 rich dad poor dad (it's really amazing book)

[@somadas4994]

Absolutely. It's a great one 👍

[@adityasarkar7576]

@@somadas4994 yep I loved the way it's explain financial world:)

[@lenkarajlaxmi2585]

Very well pointed out. Looking forward for more videos from you

[@prithabanerjee4705]

The problem is earning less because not investing money on skill.. it's okay to do party and buy fancy stuff because we have one life

[@vivekpaul1585]

@Pritha Banerjee. Well said. There should be a balance between saving and spending. 👌👌👌👍

[@vidyasundar8703]

If u can manage with 5000, u can. If u r not manage with 5,00,000 u can not,

[@PotatoWiz]

Don't live beyond your means.. that's the point

[@bsaisrikar7569]

Very genuine content! Thanks a lot 👍🏼

[@abhishekbehera9623]

It's really a great video in great detail. You must have taken much effort in creating this video. Thank you!!! If possible, could you please make a video on how and what can someone invest in who is above 40.

[@ritvikmaurya2986]

Greatly summed up 🔥🔥

[@shivpsingh8999]

I m 26, not made any mistake thanks to random quora answers