6 Financial Rules to make you Rich!

[@LabourLawAdvisor]

Get Term Insurance from PolicyBazaar: link.lla.in/term-0411 Detailed Term Insurance Guide: kzbin.info/www/bejne/fHe6pYiKndSDp9k Get Health Insurance from PolicyBazaar: link.lla.in/health-0411 Detailed Health Insurance Guide: kzbin.info/www/bejne/oKGkimSclJZ0a68 Calculate your Emergency Fund: sm.lla.in

[@juandase5929]

In Income tax there is section to claim housing loan interest upto 2 lakhs, and for joint it is 4 lakhs. So why worry about interest or keep the house loan till 30 years. This should have considered as well!

[@tavish0507]

Bhai jinki 10 12k incom h unke bare me koi fin flewnser koi kuch na bolta

[@shiv_shankar8723]

Love u sir. Sir, I can buy a car for 25 lakhs directly in cash. But I still prefer to buy real estate and manage basic cars as the car is still a depreciating asset.

[@RohitSutarofficial]

Ahi hai😂

[@paragpy]

Please suggest a rule for home with buying land (since on land buying, no home loan no tax benefit)

[@souvikpramanik5183]

10% to 30% income tax 18% GST on daily commodities 28% GST on Luxury items Petrol & LPG high prices 11:37 We are only surviving, not living 😶

[@Proud_banda]

dekha jaye to chand par bhi daag hai

[@Mr.Acharyya]

It's True it's an obstacle. Still we have to try

[@combatninjaturtle]

@@Proud_banda tasalli ke liye sahi h

[@sid-h5y]

Very true

[@shubhamtariyal439]

Luxury item mat lo fir agar saving kam. Baki tax se toh sab pareshan h lekin iska mtlb ye nhi ki jena chod do

[@iambicky007]

i am following all of them sir, I am 27, bought a car with 50 percent down payment but the EMI is for 5 years and I will pre-close it, bought a Royal Enfield with 100 percent down payment, father built the house and I helped, no loan pending, have enough term, health insurance and emergency fund, can improve the investment in market but as we are businessmen, our overall business investment which includes mutual funds are more than 50 percent, total EMI is not exceeding 36 percent…and using credit limit of less than 10 percent

[@RahulYadav2023]

Bro how to manage and control it effectively,

[@iambicky007]

i won’t say it’s easy brother, but i guess persistence in work will be the key

[@CorporateRider-lx8lf]

@@iambicky007 wow that’s super.

[@soul2197]

Whats your business bro? I also want to make a business

[@adarshsasidharan254]

you seem to have figured it all out

[@AbcDef-yh6gz]

Ghar lene k liye ye formula try Kiya tha aaj tak ghar nhi le paa rhe aone man ka😂 coz salary jis proportion me badhti h usase kahi zyada ghar ki price badh Jaa rhi , ab to basic necessities se zyada upar sochna bhi mushkil ho gya h Pr mere ek senior ne 1 practical advice di thi , aur mere bahut se friends, family n known ne us formula se man ka ghar kharid liye- agar abhi aap ghar nhi le paa rhe to ek plot le lijiye Jo aaram se budget me aa jaye vo bahut zyada hath pair faila k nhi ( ofcourse saare paper zarur check kre) , aur jab ghar Lena ho kuch saal me to use bech k down payment kr de. Try n trusted tarika h varna ya to man ka ghar nhi le pate h ya loan bharte bharte pareshan ho jate h

[@Psychology_learning]

Now I'm just 18, whenever I'm start earning I'll must follow these rules!!

[@karangaming0280]

Emergency fund is good , and other things is wastetage in my opinion , you pay an insurance company for monthly it's like a doing sip , inflation is growing and insurance company is growing.

[@apoorv2498]

​@@karangaming0280chupchap gaming kar😂

[@gcnj20]

I am at my 20s thank u so much sir for this valuable information 😇

[@CorporateRider-lx8lf]

@@gcnj20 Do open a NPS account then. Contribute atleast 1000 a month.

[@CorporateRider-lx8lf]

Just a suggestion.

[@rishabhranjan9369]

1. At least 5 % of salary on learning which can be taken from saving or spending. 2. Try to spend in cash instead of UPI.

[@wrongwithyou-i9i]

What's wrong with UPI

[@InternetUser2409]

@@wrongwithyou-i9i he doesn't have enough self-control so he tends to spend more when he has easy and convenient UPI at his disposal, cash on the other hand does not have that, he also thinks that most people don't the required self-control (may or may not be true) which is also why you are confused.

[@potbot887]

Anyone earning < 12L per year should just focus on earning more. Teach your kids, siblings cousins etc to focus on value creation and skill development from early age. Be it business, online influencer, momo vendor, cab fleet owner, govt job, private job focus where you have skills and resources to succeed. Stop chasing JEE, UPSC and NEET mindlessly if you are not passionate enough for those subjects. There are a lot of professions that will make you 12L+ easily get there and then think of applying these rules. Salaried person will have very tough time in next 5-10 years.

[@thesaimonkabir]

Why salaried person hav tough time next ?

[@rajput9057m]

Why?

[@CorporateRider-lx8lf]

There is nothing wrong with these exams , if I would have scored a good rank 10 years ago in jee, today I could have worked for 40 50L+. Coming to your point 12+ is just okay.

[@teamdream447]

​@@CorporateRider-lx8lfBro he said that if you are not passionate about these things. If you love jee UPSC neet then go for it .

[@potbot887]

​@@CorporateRider-lx8lf Absolutely nothing wrong with these exams if you can clear it with good ranks, but too many people waste 2-3 years of the best time of their lives giving these exams. At least don't put all eggs in one basket, have other plans and work on them in parallel.

[@NicholasBall130]

One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.

[@StacieBMui]

You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

[@StocksWolf752]

That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

[@cowell621]

Mind if I ask you to recommend this particular coach you using their service?

[@StocksWolf752]

Her name is Rebecca Nassar Dunne can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@grego6278]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

[@divyeshvala86]

Very nice calculation. I request to make calculation/video for monthly income below 40 thousand/30 thousand because in India most of the people earn below that only.

[@iamtourer]

Rishabh, Man I am shocked to know that you are just 34 years old Surprisingly I was thinking that you are the same as my age and was thinking that why I couldn't learn all the things which you learned. But any ways I am not at all ashamed to learn personal finance from someone who is younger than me by almost a decade 😊 You are literally contributing to Indian Economy Keep it up 👍

[@meabhaymishra]

You explained about financial independence and safety tips in a very good way. I am currently studying for a job and this video will be very useful to me in the future so thank you so much LLA and one more thing, this is the best channel for financial knowledge on KZbin.

[@rajshiromani727]

*RULE NUMBER 1* : *PAISA ITNA KAMAO KI YE SAB SOCHNE KI JAROORAT HI NA PADE*

[@Captain_speke]

Without financial planning, Kitna bhi paisa kamalo , Aap wealth create nahi kar sakte

[@rajshiromani727]

@@tejasshah6712 from your dp I can say ur age is around 25-30 And from your comment I can say you are broke. Not making fun of you Just saying instead of replying me ,do something to earn money

[@rajshiromani727]

@@Captain_speke in 2020 I think the same bro And I am not denying for financial planning But what he told in the video is just a trap in which mostly middle class people falls( looking for security, by seeking security u r just minimising ur risk And without risk you can't make anything) GROW UP

[@rasheshbhut8503]

You are right... but har koi itna nahi kama raha hai.. aur limited pay me planning is necessary... 1 lac is also limited pay...

[@Captain_speke]

@@rajshiromani727 That's what financial planning is ! Minimising the risk , 20 % savings and 50% needs with emergency funds.

[@abhishekskumar03]

Bhaiya 20k walo ke liye bhi kuch banao, please. >12 Lac Pa, people they are already rich.

[@LabourLawAdvisor]

Rules are same, i see 20k salary guys buying cars, phones on EMI. It's more important for them to follow.

[@Anonymous-py4mt]

​@@LabourLawAdvisorhai sir kya mere liye koi job hai? Apke paas. I am an accountant. And mujhe kahi job nhi mil rahi😢 main gaon se hu.

[@akshat_djjoshi8264]

​@@Anonymous-py4mtzarurat job ki nahi apko ek direction ki hai. Direct accountant mat bno... pehly choti job se start kro ya kisi ke business me apply kro waha business sikho.

[@Anonymous-py4mt]

@@akshat_djjoshi8264 ok bhai

[@Amitnautyleo89]

12 bhi kam hai yr bhai😢 tax and inflation sab kha jata hai

[@reechasinha2634]

4/6 I have followed... Only insurance part are left... Thank you maza aaya 😂

[@niladri_nag]

Ultra legend rule of EMI Bohot time humko koi specific phone, ya laptop ya bike kharidna hota hai, jiske liye bohot time se iccha rehti hai kharidne ka.. To uska emi kitna parega month ka calculate karo, or utne amount ka liquid fund me SIP kar do utne time ke liye.. Last me jab time hoga, to usko on cash kharid lo.. koi interest nahi, ulta maximum chance ki inflation ke bawajud tumhare paas extra paise bach jayenge.. usse koi accessory kharid lena.. Or usse v zada chance hai ki itne din wait karte karte usko kharidne ka excitement hi nahi rahegi... to samajh jana, ki wo uss wakt emi lekar kharid ne me emi khatam hone se pehle uski khusi chali jati.. Or sabse bara rule of emi ye hai ki, koi v chiz emi me lene se pehle ye pucho khudse, ki ye mujhe abhi, immediately chahiye ki nahi... agar wait kiya ja sakta hai, to emi ki wajah save karo paise uske liye...

[@rajat1999gupta]

This channel is best in delivering quality content

[@Aesthetic_insights]

Ankur warikoo pagal he

[@niravshah2025]

I am 18 years old right now and all the rules in the video can help everyone in their life to achieve their goals and control their funds. I am also starting to apply some rules that can help me

[@Indianajones3083]

First rule is learn skill which will help you to earn

[@sreekarkvb9314]

I have been following your channel from the day I started earning. All the above rules which you shared here, are already shared by you in different videos earlier. By the time this video is made, I followed most of the inputs shared by you. Except for car(which I am yet to buy), I am almost following the same steps. Thankyou for helping me grow and build my path. Always grateful to follow this channel. Cheers!👍

[@sandeepnaik6818]

Explanation technique with background is very eye soothing and very very innovative

[@silent_raj8264]

The best finance channel on YouTuBe

[@adarshsasidharan254]

while it's true that the most important thing to do is increase your income but knowing how to save and invest that income is also good

[@azadjain8534]

My rule is saving should be 50% of annual income. If you have your own house, you have luxury of spending more. If you live in rented house or paying EMI, you have to compromise on that part. If we are getting ancestral property, then we can buy house early and we can enjoy. And also, 50% saving will ensure to transfer money to kids at earliest so that they can also buy house in their early age. Ancentral property makes life easier for us and for coming generations as well.

[@anishjha7059]

I follow all of them religiously. I am the same age as Rishabh's. However, around budgeting, what worked for me in my career in yearly years - First 30%+ should go to savings and investment, only then plan for the next 2-3 buckets, this will promote you in a growth mindset. 10% upskilling 20% wants (keep this as low as possible in your early years) 40% needs

[@saptarsheemukherjee5195]

Sachme maza humesha ata hain LLA ka video dekh kar. Lekin mene ekbaar aap logo se ek help manga tha mere EPFO ke regarding, but koi reply Nehi Mila

[@parmodgarg3439]

❤बहुत मजा आया. बहुत बढ़िया. धन्यवाद आपका.😊

[@AshuThapa]

That is really very good rules 💯. Main to follow krunga ise. Term insurance tk ka to process Krliya hai. Now 2stage ki bari. Maja aya. It will really help me a lot.

[@paritosh3702]

Bought my first car using this rule only. 1 year of top model Honda Elevate Ownership. Good car and good financial decision

[@himeshnagar707]

My 60% in savings/investments, 30% in needs and 9% in wants and 1% in charity. This is the budget I follow.

[@dev.il.u]

2:32 am on the clock still choosing lla to watch ❤️ LLA 👏🏻

[@firoz321]

Bina job ke he dekh raha hu 😢😢

[@bobbymishra9230]

Mai bhi😂😂😂

[@anusmvolgs1783]

6/6 bhai - you are doing awesome job Whenever jab mai koi decision leta hu hamesha apki bate yaad aa jati hai which help me a lot to choose the right path. Thanks a lot bhai

[@Madhunishada28]

15:09 15k kiraya.... Itni to meri salary hai in-hand 😂

[@Proud_banda]

My Score 6/6 (I dont have car/home emi) additional rule I follow 1. Use Credit card for everything (I have set monthly and per transaction limit to my CC which helps me stay in limit) and get flat 1-5% discount on my CC bills. 2. Once I pay all my pending bills & EMI's, I transfer 5K in my bank account (which I hardly use bcz of rule 1, If this amount becomes higher either I spend this on wants or invest it depending on situation) 3. I invest remaining amount (roughly 40-60% much higher than 20% investment rule) in various investments like SIP/Equity/Foreign markets/PPF/Gold etc.

[@amarjeetpaul5418]

How do you invest in foreign market?

[@Proud_banda]

@amarjeetpaul5418 there are many apps available online, I use ind money exclusively for foreign investment.

[@ShivamKumar-ny4bj]

Sb mrenge ek din

[@sachinkumar151992]

Kash rishab 1 lac PM kma pata... yha to Rishab 30-40k kma le bdi bat h..us pr koi rule apply nhi hota.. itni mhngai mai agr wo bukha na soye wo hi achievement h (Min. 8k Rent+ 2K Bike Petrol+ 15K household expense + 5k festival/education+ 1k mobile/wifi recharge ) just living without saving

[@Albaroz5]

I glad to see gems like you in india ❤

[@arikdas4436]

Your cost of living also depends on the city you reside. The same income that can buy certain aspects in Kolkata need not be the same as when living in Mumbai. Rest the rules tend to make much more sense now as I am starting to gain more financial knowledge pretty earlier in life.

[@anirudhhindupur]

I was hoping for an explanation on why these rules are made and on what basis. Why only 4 years for car, etc

[@Soumadri-74]

Sir students ke liye dedicated video bana dije ❤ Love from Kolkata

[@Trader.Pravesh_Kumar]

Hallo Sir,❤ Mai aaj pahali bar apka video dekha hu inta achha laga ki chanal subscribe kar liya. Ham abhi the lallantop KZbin chanal par aplogo ka baithki broadcast dekha hu aur apke chanal par aaya hu.

[@jugalkishore839]

Loved that part where you're taking that paper off at 03:20 😂😂😂😂

[@kevinsanghvi5928]

7th rule : always try to generate extra income source. Btw my score is 7 out of 6 😊

[@rozgargamer1516]

Great Video sir And Thanks for the knowledge LLA is best guide for making Financially strong ❤

[@mirafaquemanzar2011]

very great video love from pakistan mene toh notes bana lie hy apny diary me apky video k

[@StrikingCommoner]

With such calculations everyone will dream to own a car and house for the rest of his life Extremely ideal scenario and not at all.a reality

[@RupamMedhi]

I'm following the CC rule.

[@rahulkumarsingh-cz5yl]

Very valuable learning .. Maaja aaya

[@ToperZOne-Yt]

Bro, kabhi socha hai ki Indian cricketers itne fantasy sports ads kyun karte hain? Yeh sirf endorsement nahi, iske peeche ek hidden truth hai jo bahut kam log jaante hain! Is topic par ek in-depth video banayi hai-dhekho aur khud sachai samjho! Please like if u agree ❤

[@subhajitrath9032]

Sometimes you don't need the home buying calculation from all the Fin-influencers. In my locality I deeply studied the flat rates and their growth % .. In 2021 a 3BHK flat costs 65L (this rate is for outskirts), in 2024 the rate is nealry double 1.2 Cr for the same property. If you consider this rate and the property growth rate and the home buy formula, its near impossible to but ur dream home. I do agree , this formula may be applied some portion of India but if you got to real world with the rates and all you will be helpless as you can not meet the salary requirements as prescribed in this video. (Not only this video but for all the home buying calculation). The city I am referring is Bhubaneswar.

[@AkashAgrawal03]

The 72 rule works only for smaller rate of returns. Because if you get 72% returns, then according to that rule the money will double in 1 year, which is obviously not the case. To double the money in 1 year, you'd need 100% returns.

[@amitangshusenapati4384]

72/returns you got

[@aagamjain5792]

Hi Rishab, love your vidoes! Have bought health insurance after watching your video on it. Would love to watch a video on Finances after marriage for a working couple!

[@LabourLawAdvisor]

Will plan :)

[@abhishekmehta6182]

LLA ....you should prepare a example by using all 6 rules ....so that all the rules should be cleared in a single example... jagrut janta will relate and understand more

[@summitbloria549]

For a change, an ordinary video. Already talked about topic by so many finfluencers

[@amitsinghal4367]

Hmm... Achha hai sahi hai... Bringing everything under one roof and explanation to badhiya hai hi aapka

[@ayushmangal5916]

MAJOR RULES ARE ALREADY KNOWN BUT STILLS THANKS FOR SHARING

[@Jugglervlogs1o1]

Bhai business owners ke liye bhi to koi video banao…ya aisa koi video banao jisse job karne wala bhi business start kar sake

[@moonlight_trust]

Needed the rule 3 and 6 alot! Thanks to LLA!

[@RayanVeer-xi8cc]

Maza Aaya 100% helpful video and must watch.

[@vinayakaprabhu1764]

What is the rule for marriage spending? How much should be spent for wedding? Can you give a rule RJ sir please..

[@vinayakaprabhu1764]

Should we include the jewellery purchase as wedding expenses or emergency fund?

[@LabourLawAdvisor]

Interesting will research on this point

[@vinayakaprabhu1764]

@@LabourLawAdvisor If possible. Also, include how much we can spend on trips/vacations.

[@souravbasak7981]

Wonderfully summarized the goldens rules. Thank you for your effort.

[@nitinrai6066]

5 out of 6 Maza Aaya Wo LLA ki har video me ata hai👌👌🥳🥳🥳

[@Vaibhav7592]

Thanks bhai all in one video banane ke liye.. You are great

[@lululegend354]

interest rate per year ke hisab se calculate hota hai maine bhi bike loan pe li hai EXAMPLE:- 4,80,000 KA 9℅ FOR 4 YEAR = 1,72,800 interest jayenga matlab 4,80,000 + 172800 = 6,52,800 payable loan total car padegi 6,52,800 + 1,20,000 down payment jod ke = 7,72,800 ki car padegi

[@kunaldey7994]

Maza aaya.. as always 🤗 Great work team LLA 😊

[@sheikhghulam5775]

MAZAA AAYA 16:13

[@ShivangSharma-vt7bb]

16 hours lecture in just 16 minutes ❤ Thank u Big Bro 😊

[@kgarikapati7]

Please guide us to buy a good term insurance, factors to consider, etc. I currently have a term insurance, but I am over whelmed by the content on KZbin, Instagram. I'm doubting now whether that it's a good insurance which I have purchased or I'm wasting my money.

[@PratapKumarPadhy-ou9qy]

You can check out their video on term insurance. There was already a video on term insurance explained by Mandeep

[@bhuneshwar555]

Last one was helpful as a student

[@sarbodayaparida2206]

Can you make a video for 40k salaried person??? Because most of your followers come with this range salary...

[@Ashwinnnnnn10]

Commenting to keep you motivated for more such great videos

[@mandarrane2341]

Requesting you to provide information on critical care policy. It is very important.

[@mkSlayer9]

Aaplog amazing ho ! Maza Aaya !

[@virajpanchal8269]

Very nice information, it is very helpful👍

[@_vs04]

Rules i have been following is 5/6

[@RBVijeyShankar]

40% down payment is very difficult in today's era. 20% is the realistic one with a 30 year loan and extra EMI at the end of each year.

[@rishabmittal5625]

kya corporate employee ko personal health insurance lena chahiye ?? ek video espe v bnana sir ager lena chahiye toh kyu and kya benefit rahegye

[@Kiranph]

Thanks for your video, valuable information 💯

[@Shethjee]

Now every person is saying buy term insurance, health insurance for family but if you calculate annual premium then it is very expensive and still health insurance does not cover medicines, checkup and doctor cost

[@yogeshdhurvey]

Hence, a balanced approach, combining term insurance with return on investment , is essential.

[@Anuragsharma-ei9zy]

Very useful 😃 video Maja Aaya😊

[@anbor7778]

Rishabh bhai, ek bat btao, for home loan, 1lakh per month vala banda, 22lac ki saving kar paega? Down payment kaise hogi? ye sab rules are for people who HAVE ALREADY MONEY! middle class and ol sab guzara karte hain and home ke rates to apko pata hi hain...😊

[@hirenshah29]

Thank you for this informative video.

[@DSPY1009]

I have followed all excepts Total EMI percentage. I have heavily and aggressively invested in real estate and others. But people should not do this, as it increases stress level.

[@narendrakumar-vp3wm]

Extremely jagruk content, hats off to you sir

[@debjyotighanty1621]

Sir personal insurance ka ek video bana dijiye. Including PPD, PTD, TTD etc.

[@saurabhcalls]

Maza ayaa, ye maza main .....

[@sachinpratap3445]

Very informative video. Thanks

[@parthodave123]

Maza Aaya 🙏. Do you guys this sango life sutra video or what? Because he also says similar thing.

[@arinsaha4773]

Thank you Team LLA ❤

[@vikashsingh1998]

Veary informative video ❤

[@dkp7842]

Great video ever . Financial decsion must taken in 20s

[@AnupXlup]

15k Salary wale kuch bhi nhi kar sakte

[@financial.freedoms]

First increase salary then think of a luxury

[@rajshiromani727]

Kuch ni kia isiliye 15k salary h😢

[@maxdevilio]

Salary bdhane pe focus kro sirf abhi. Ho jaega sab chinta nhi krni hai mehnat krni hai bas.

[@HrithikaAdhrit]

Bhai apne sahi bole.

[@traveller.anshuman]

Abhi apne skills me kaam kro Jab skills ho jaygi to salary apne aap badhyga Jis bhi field me ho Us field me apna skill bannao

[@viragjain180]

Amazing knowledge 👏👏

[@itachiuchiha9062]

If you buy anything twice then buy it once. For eg. If you can buy two iphone by keeping in mind rules in video then you can buy it once except car and home

[@dn9416]

For insurance go for Ditto insurance , policy bazaar will sell your personal data

[@ThoughtIR]

This must be taught in school because we are taught that earn money but not to manage money and this is the problem of today's World

[@chetanpawade2107]

सैलरी 1 लाख है, उसमे से कुछ पैसे PF मे कटते है... तो PF को कटौती मे पकडे या फिर इसे एक slow growing safe investment समझकर बाकी के पैसे को agressive investment मे डाले ?? कृपया मार्गदर्शन करे

[@ranitdey6355]

Thank you so much for this Video, such an wonderful content

[@akramshaikh786786]

You awesome keep sharing such advice 👏

[@shubhamsinghrao6624]

Thanks a lot . Very helpful

[@Samdeeshh]

My income is 15k month and company made me buy a 68k laptop on emi for their work and now I am Trapped 😑 4500 emi per motnh 4000 rent per month 2000 petrol per month kya he bachega kya he rahega mere pass