How to achieve your Financial Goals?

[@SanthoshSBLR]

Buy now, pay later ❌ Save now, buy later ✅

[@karthikrangappa6417]

🤌

[@anukoolthapa]

Here's a concise summary of this video: The video discusses a structured approach to financial planning, emphasizing three key steps: 1. Defining Financial Goals - Goals must be specific, including: - Clear objective (e.g., buying a car) - Exact monetary amount - Precise time frame - Avoid vague aspirations like "I want to save money" 2. Asset Allocation - Short-term goals (3 years): Prioritize capital protection - Recommended portfolio for short-term goals: - 25% equity (large-cap fund) - 75% debt instruments - Long-term goals (10 years): Can rely more heavily on equity - Can use large-cap and mid-cap mutual funds 3. Saving Strategy - Use Systematic Investment Plans (SIPs) - Calculate monthly investment based on expected returns - Example: For a ₹15 lakh car in 3 years - ₹8,750/month in equity fund - ₹26,250/month in debt fund - Be prepared to adjust investment duration if markets are unfavorable The main objective is to achieve financial goals systematically without relying on expensive EMIs, ultimately leading to a "zero EMI life".

[@asheemmishra2405]

Is this AI generated?

[@amalantony1814]

Fun part - i am a guy who get 15k salary and dreaming for car or house. 😂😂😂

[@karthikrangappa6417]

Well, nothing wrong with that. We all do :)

[@amalantony1814]

@karthikrangappa6417 Thank you for the reply

[@THEKING-sq2jd]

My friend till time there is no tax on dreams , so you can keep on dreaming as much as u want 😂😂😂😂😂😂

[@rajarshibhattacharya5192]

go increase your skills and income, becoming a joker un KZbin comments won't serve you at all

[@rokiaafamily499]

😂 who is the joker here?

[@abhiidhi902]

Thank you for sharing this ! While watching this; my perspective shifted that: instead of paying a bank emi for next 3-5 years, i can pay my investment that, ofcourse i won’t have the car immediately but it will be a much sweeter feeling having a fully paid up car from the dealership ! Thanks again for this ❤

[@karthikrangappa6417]

Delayed gratification works, especially in personal finance :)

[@mariaKunj]

i bought a car on emi , then started investing same as emi alongwith, at the end of tenure, i had recovered the total amount, this way i did not waste time waiting to reach the goal You can run a calculator and see for yourself

[@pearlsprathap1234]

Good content but the cost of car price increase is not factored. Ideally we could leave behind the cagr to adjust with inflation and just calculate the capital invested to get an inflation adjusted figure after x years

[@GururajBN]

Good topic and lucid talk.👍 I was hoping that you would explain the hidden costs in a zero interest EMI Scheme. 😞

[@jitendersharma8661]

Very. Basic but most important. Majority people don't follow and end up in debt trrap

[@karthikrangappa6417]

In fact, most good personal finance habits are basic and not complex. But people find it hard to implement :)

[@jitendersharma8661]

@karthikrangappa6417 yes absolutely correct

[@amalantony1814]

Like ur content sir . But unavailable to achieve by a middle class or lower Middle class family.

[@karthikrangappa6417]

Glad you like our content. But that is the whole point - basically the few things you need to keep in mind while planning finances. At least avoiding basic mistakes implies better finances. Wishing you the best :)

[@user-ef3uq9qe9f]

You can do it brother, just know there were people even poorer than you and me in the past but they still did it and are now an example and inspiration for us. Just never lose hope and believe in yourself

[@itsmeagain0]

Delayed Gratification is one of the keys for a successful, comfortable, peaceful and satisfied life, both financially and otherwise.

[@amalantony1814]

@@user-ef3uq9qe9f ❤

[@amalantony1814]

@@user-ef3uq9qe9f 🙌🏻🙌🏻

[@santhoshsamprathi2482]

its like ಬಾನಿಗೊಂದು ಎಲ್ಲೇ ಎಲ್ಲಿದೆ. ನಿನ್ನ ಆಸೆಗೆಲ್ಲಿ ಕೊನೆಯಿದೆ... And we end up in EMI trap.

[@karthikrangappa6417]

Annavaru nailed it long back. That one song has so many personal finance and life lessons. One of my favorite songs by the way :)

[@jasvinderbhatti1193]

Please don't miss to calculate the taxes!

[@devalshah69]

Great Video. I have just started earning, and learning on investments and how can I use SIPs for achieving my goals. Many seniors are aggresively suggesting that I start SIP right now, but I don't know which funds I should pick and how much amount shall I start with. If I talk about goal based investment, may be buying a electric scooter is a short term goal for me. I am saving approx 15k to 20k on monthly basis as I don't have any dependents right now.

[@sreeharshaa6192]

Very well explained

[@THEKING-sq2jd]

Who will deduct LTCG AND STCG? CALCULATIONS SHOULD ALSO INCLUDE SAME AS WELL

[@karthikrangappa6417]

There is no escape from taxes, you need to buffer for that!

[@amanvirk]

@@karthikrangappa6417Then why not include that in the video? Or will that make your video not look that lucrative?

[@vishal._.]

One quick question.. suppose I saved up enough for my financial goal for example 3 years. And then what should I do? Withdraw all the funds for my goal? Will that not incur STCG (for SIP amount between 2nd and 3rd year) and LTCG (from 1st to 2 year)?

[@karthikrangappa6417]

Great question - Unfortunately there is no escape from taxes. One thing you can do of course is to buffer for taxes in advance, so instead of 35K, maybe up the SIPs to 37K. In this way, mentally you know capital gain taxes are taken care of. By the way, this tax thing is true for almost all financial goals, not just the one I've used as example in this video.

[@vishal._.]

@karthikrangappa6417 I was thinking an other approach. Not sure about the math. Withdraw the down payment amount from this savings (LTCG tax), and take rest as loan with restricted tenure such that your swp amount goes as emi amount. This way you can get returns in your remaining investment as well.

[@DocAgarwal]

Well simplified! Need more such videos

[@amalantony1814]

@@DocAgarwal love from kerala

[@namanwalia5773]

6:49 sir in 10 years the cost of house will increase did u consider that in the equation or do we have to invest more per month?

[@sureshsekar2211]

Sir,What about the Tax obligation on Debt fund ? What about the effect of inflation?

[@arpitkaushik9555]

Great video

[@prachi-kc2cq]

Fun part - The average starting salary of young college freshers is 20K and dreaming for car or house. 😂😂😂

[@business-case-studies]

I have covered the basics like insurance, emergency fund. But I am not able to understand whether I can afford any expensive purchase. I do have the cash or saved fund but how do I know it wont impact my future planning.

[@harshvardhangupta6333]

Giod content.

[@SwarnavaIO]

A monthly salary has a good accounting relationship with equated monthly installments(EMI) but not much with Systematic Investment plans(SIP).

[@karthikrangappa6417]

Why not? Its a mental framework. Dont you think so?

[@SwarnavaIO]

​@@karthikrangappa6417 Sir, No-cost EMI is very useful as one only has to pay GST on the interest amount and the processing fee. If interest is charged on the EMI, then it’s not worth it. Buying depreciating assets with debt is a poison that should be avoided at all costs. It should only be considered in cases of extreme emergencies; otherwise, it’s unnecessary. Fulfilling one’s desires with 100% cash provides freedom. It may seem appealing to think, “I have an X amount of salary, and I only need to pay Y amount for the EMI.” But what if one is unable to work? The EMI would still have to be paid under any circumstances.

[@life_is-beautiful]

For corporate employees, does it make sense to buy a car on a company lease (which reduces tax liability) ?

[@sound_trk]

Let's us save the money for escaping out of unavoidable circumstances that will be happening in our life.

[@Gameslayer1890]

Hey Karthik, Don't you think debt fund is more risky compared to Equity?? Just one down grading and you never know how much time it might take to recover. And 8% on ultra short term fund, isn't that a little bit exaggerated ??

[@BETAONLINER]

Why all the videos are made for guys with a salary above 1 lakh per month😢😢 What should we people, having a 30k/month will do??

[@SanJanJayadevan]

We can combine this two fund in to one fund portfolio no? Like Nifty Large Midcap 250 Index fund.

[@non-dualist]

When we invest to buy a car, let's say 7 lakhs, I find it difficult to sell that amount because overall portfolio shows 7 lakhs less post selling. 😅

[@08pkz]

Beautifully explained! Will definitely review and work back to redue my EMI which contributes 35% of my salary right now and try to bring it down under 5%! Thanks for explaining so simply and sharing your experience and stories! 🙌🏻

[@karthikrangappa6417]

Good luck, wishing you the best :)

[@v_srini]

thanks

[@mayankrana-i2v]

Bro real estate value is so uncertain, today the plot I want to buy is 1.5crore, but I don’t have money so let’s say what if I save for next 5 years, but how much? Definitely not 1.5cr as plot value can be increase exponentially? I can only take inflation 6% in my mind but reality is different from excel.

[@liabj]

The inflation of the products are not considered. 15 lakhs of cars will be 20 lakhs. 3 crore of flat will be 5 lakhs. I think the motto of the fininfluencers are just how to make people money in the market and then lose it all in a crash and still continue investing.

[@suddhadan]

What about paying taxes on my MF returns?

[@drrakshitgupta]

The house cost won’t increase in 10 years?

[@MrDidYouKnow_]

Why go for debt funds and complicate stuff if they give almost same return as a FD? Genuinely asking, I never understood why even care about debt funds when you have such a simple tool like FD

[@LordJDevil]

Fixed deposit is fixed, but debt funds are market linked so literally mad luck can turn your investment into a lottery, but FD is like for the most fearful, it's safe and good for saving but shitty asset for investment. That's why no investor ever recommendeds FD for investment.

[@ronneydoc]

Fd has penalty if u break before tenure but debt fund doesn’t..

[@MrDidYouKnow_]

@@LordJDevil makes sense, thanks

[@MrDidYouKnow_]

@@ronneydoc good point, thanks

[@someshkharat5667]

a 2 yrs experience freelancer here, please let me know the editor's name or any contact. I have sooo many questions about editing like this level

[@NITISHBHATT008]

instead of debt fund, invest in arbitrage fund, to save taxes.

[@ShijoShajiValuzhathil]

Inflation left the chat😅 The 3 crore today ain't in 10years

[@HimanshuSoni-q7x]

00:00:13 Jerk 00:06:34 Edit Error

[@Proud_banda]

your examples itself are more confusing

[@GauravSharma-d7w]

What are you saying? He explains everything so nicely, his personal anecdotes are the best! I think u should rewatch the video!

[@shahiduliislam6828]

Loans trap😂😂😂😂

[@erappahs8831]

Kannada channel madi sir