A Home Loan Cheat Sheet: Ways To Avoid The 'Interest' Trap | Your Money Matters

[@kaushik2248prayaga]

Poor chap’s heart must have skipped a couple of beats when he heard the 3.6 pm number

[@dubram87]

Very good conversation both of you. Really a good financial speaker who can articulate well. Host also rocked. Thoroughly Enjoyed. Kudos.

[@ranjancom2000]

The banking system needs reform to ensure that EMI payments are split into 50% principal and 50% interest right from the start

[@siddharth160]

I couldn't agree more.

[@sumanthbhargavka7638]

Damn good program this is, add this in your CSR activities guys

[@harish-ISH]

Host's voice and intonation is similar to Harsha Bhogle's.

[@himanshuchauhan20895]

exactly right good voice

[@kaushik2248prayaga]

Looks the bit half way too

[@SreenivasanR-q5i]

To get maximum interest benefit on home loan, prepayment / additional EMI should happen at the initial period of loan, when interest component is high in EMI. Prepayment / additional EMI should not be made in falling interest rate regime, when there are alternate avenues available which can give better return.

[@theindianrover2007]

Awesome

[@6710rohit6710]

Good content. But I feel if one does not have issues with cash flow then instead of prepaying the loan, investing that amount makes sense. 7 lakh of monthly expenses after 10years taking into account inflation is too much even at developed nation standard

[@TrueTuberr]

Why to make life complicated. When you are in debt.. you are a slave

[@6710rohit6710]

@TrueTuberr anyway working for anyone for that matter is slavery. So depends on person to person. Inflation which is eating into your savings is eating that loan principal as well.

[@TrueTuberr]

@ some prefer to jack of all trades, some prefer to jack of one trade at a time. Second one is historically more successful.

[@6710rohit6710]

Jacks has never been successful in history, only kings have. Coz Kings focus on all the matters at hand.

[@TrueTuberr]

@ now a days everybody things himself king. Kings are rare.. jacks are many.

[@munagalavrr]

What is CFP? They will guarantee the investment?

[@debchak27]

No one talks about the opportunity cost of money - extending EMI at 9% , vs investing the incremental cash flow in higher yielding assets such as NIFTY is better. Why isnt that talked about? Marginal cost of capital is ignored completely! What a non sense discussion! I would anyday prolong lower rate EMIs and invest the surplus at higher yielding assets.

[@knowledgeseeker7577]

How Stupid of an Expert! The person said 1.25 L per month expenses that includes his Car loan and Home Loan EMIs. The expert is adding 7% inflation on EMIs also. He is not going to pay EMIs till he dies. Almost gave an heart attack to him.

[@kaushik2248prayaga]

He is aiming to die at 65?!?

[@Ritesh-gr9sd]

What is this hype of retiring early? When you have so much liability and loans You can never do that plus even if he some how gets that desired amount and retires How he is even thinking 1.25L will be sufficient 11 years later for his kid's education and to manage all his expenses