Living in Hyderabad with 1.8 Lakhs salary with Zero investments | Salary Secrets Ep 2

Welcome to second episode of Salary secrets with Chandu. Today we have discussed finances of Jeevana and Kiran. Both are software engineers with One daughter and one son. Lets deep dive their financials. Please fill below form if you want to discuss your salary as well. We can do this from 10 thousand salary to 10 Lakhs salary.
To participate in Salary secrets with Chandu, please fill below google form.
forms.gle/c5ZGkXGoqirPQFXEA
0:00 Introduction and Salaries
1:35 Loans (House , Gold, Personal )
5:40 Regular expenses
9:40 Term insurance detailed
12:35 more expenses and detailed analysis
15:30 Emergency Fund
15:50 First SIP
17:11 Wrong selling of financial products
20:25 Direct vs regular mutual fund
22:45 MF detailed
24:55 Gold, Real Estate vs Stock market
26:30 SGB (Gold Bonds)
28:45 Discussing Investments
30:02 Fun Questions
How to open demat account for stocks and mutual funds buying. • Mutuals Funds / Invest...
Click here for opening account: signup.zerodha.com/?c=ZW9147
Excel sheet I use for tax calculation and retirement planning: docs.google.com/spreadsheets/...
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Here you can learn about how to budget your salary: • Basics of Financial Pl...
Here you can learn about term insurance significance and who needs to take it: • Basics of Term Insuran...
Which Tax Regime is best for you ? Would you choose old or new Tax Regime : • మీకు ఏ TAX Regime బెస్...
Stay connected for more information.
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Disclaimer: We are not SEBI Registered, before taking any trade/investment,please contact your financial advisor, we are not responsible for any Profits or Losses. All the videos here are purely educational and informational purpose only.

[@jeevanasravanthisunkara8432]

Thanks for your suggestions

[@PersonalFinancebyChandu]

Always welcome

[@bhargavvoolla1420]

Hey jeevana and kiran. My self a chartered Accountant . You can claim gold loan interest and interest on personal loan as housing loan. Also your husband claim the interest deduction if its registered under his name Pls let me know if you need any further clarification . Dont worry, i wont charge any money.

[@jeevanasravanthisunkara8432]

@@bhargavvoolla1420Hey, Thanks you Bhargav. Under which section we can claim gold loan interest? Please let me know any of you social media account name to contact you.

[@jeevanasravanthisunkara8432]

​@@bhargavvoolla1420 there are terms right, if we have home loan we can't claim gold loan interest etc., I am not much into this tax returns. I just surfed now.

[@jeevanasravanthisunkara8432]

Hi Bhargav, I saw that there are few clauses to avail gold interest tax benefits in ITR

[@alapatik]

Good that you are putting efforts to create more financial awareness which is definitely needed for this generation people.

[@PersonalFinancebyChandu]

Thank you

[@yogithakakarla1716]

Useful. Please continue such

[@PersonalFinancebyChandu]

Thank you, I will

[@nareshn6628]

At the end they asked matured questions, good content

[@kilaparthivisweswararao55]

Very valuable information

[@PersonalFinancebyChandu]

Glad it was helpful!

[@KoteswararaoNukani]

Expecting more videos from u bro , all the best

[@PersonalFinancebyChandu]

Thank you so much 🙂Keep supporting

[@PraiserLifestyleVlogs]

Chala use aye information cheparu thank you so much

[@PersonalFinancebyChandu]

Thank you so much. Keep supporting

[@saisagarkache]

nice explaination about Term insurance 🙂

[@PersonalFinancebyChandu]

Thank you so much

[@santhoshsomu6711]

Small suggestion 1. You need to ask income 2. You need to ask expenses 3. Any EMI or loan 4. Then investment Guide them from there with remaining money. Display in each section how much they are spending.

[@PersonalFinancebyChandu]

Thank you for your inputs. Will implement it in coming videos. Keep supporting

[@santhoshsomu6711]

@@PersonalFinancebyChandu Try to bring weekly one video.

[@PersonalFinancebyChandu]

@@santhoshsomu6711 I will try . Thank you for your support.

[@ItsMeIshir]

Good video.. Keep doing 🙌🏻

[@PersonalFinancebyChandu]

Thank you for your support

[@manoharprakash542]

Good discussion chandu

[@PersonalFinancebyChandu]

Thank you

[@anandp6876]

Nice video ra chandu

[@PersonalFinancebyChandu]

Thank you

[@karthiksistla1067]

Health concern vasthe first emergency fund next office insurance next health insurance ( dont have copay). Fd joliki velle aalochana pettukokapothene manchidi planning is everything in finance as they say. This video is very good bro

[@PersonalFinancebyChandu]

Thank you bro

[@sainath4277]

It seems after pocket money it's better to look on fd instead of credit card, in case of failure to repay with in the pay date, in case if the credit card bill is with in the range of monthly savings then it's fine I guess?

[@harikumarrongali589]

Bro meru chapena concept from 12:16 to 14:03 oka shot video chayande please with examples , so that we can understand better.

[@PersonalFinancebyChandu]

Sure will do.

[@venkyprofile9]

Nice

[@Anandlivingcool]

Nice to see telugu versions 🔥🔥🔥

[@PersonalFinancebyChandu]

Thank you. Keep supporting

[@prolongtrader7874]

very good discussion keep continuing this series at least 15 days ok sari with any individual or couple telugu lo chala takkuva ilantivi keep go on >! for chandu walk at least 30 min daily : ) u look chubby as like me xd inka rd lo interest rate 6.8 entandi cggb govt bank lo almost 8.1 % istunte

[@PersonalFinancebyChandu]

Thank you so much. Appreciate your input :-p

[@prasadmq6776]

Home town travel expenses is missing to calculate, those days travel bus operators looting :)

[@venkymaguluri4203]

All the best ra chandu

[@PersonalFinancebyChandu]

Thank you so much

[@LakshmiSrujitha]

Unique series, please continue

[@PersonalFinancebyChandu]

Glad you liked. Please like share and subscribe.

[@chaitanyasvh4582]

What he suggested , almost every software employee have that knowledge But no one followed

[@bhargavvoolla1420]

Hey jeevana and kiran. My self a chartered Accountant . You can claim gold loan interest and interest on personal loan as housing loan. Also your husband claim the interest deduction if its registered under his name Pls let me know if you need any further clarification . Dont worry, i wont charge any money.

[@mounikav757]

How can we show gold loan interest and Personal loan interest as housing loan

[@telugu-shorts604]

Em chepinav sami

[@PS-tb5yc]

Memu eddaram work chestunamu 1rupee sav avatam ledu enka appulu unnae no house no savings no properties ...tax matram Baga cut avutundi emi s personal loans kattukovadame saripotundi sir marriage ienapati numchi

[@telugu-shorts604]

@@PS-tb5yc anduke financial planning undali master u

[@rama18ification]

How can we show gold loan interest and Personal loan interest as housing loan ???joke ah bro ..ikkada homeloan topup intrest ke dikkuledu.. gold loan intrest in tax deduction ??????????????

[@kovvuriGopalKrishnaReddy]

Home loan joint cheskondi eddharu claim cheskovachu tax benifit

[@harishkd1]

Tricky questions at the end 😂

[@mekala.pawankumar427]

KZbin andharu kuda one lakh salary chebuthunna.or estimation vesina 😢naku wonder laa anipisthundhi 😊baga chadiviteney life ani ardhamu avvuthundhi.kids ni aeina chadivichali baga.

[@PersonalFinancebyChandu]

Education is very important. But education unna andaru manchi vallu, baga sampadinstunnaru ani kadu andi.

[@seshapunagaraju1128]

madam you both look sleep deprived. Please take care of your health. Looking forward to interact with this channel someday. I work in Bhilai Steel Plant.

[@ravitejathestranger5587]

bro invest on a good noice cancelling mic ,audio is very annoying with lots of distortion

[@PersonalFinancebyChandu]

Sure Ravi . Thank you for your input.

[@PS-tb5yc]

Memu eddaram work chestunamu 1rupee sav avatam ledu enka appulu unnae no house no savings no properties ...tax matram Baga cut avutundi emi s personal loans kattukovadame saripotundi sir marriage ienapati numchi

[@PersonalFinancebyChandu]

Please fill out the below form. Our team will reach out to you. We can try to identify and fix your Budgeting. forms.gle/c5ZGkXGoqirPQFXEA

[@gopidevatha3984]

Please tell us what you are going to discuss at starting of the video it self, and correct the thumbnail text add 1.8l as monthly

[@PersonalFinancebyChandu]

Thank you bro for the feedback. Will take care of from next video. And Thumbnail is updated as you suggested

[@anveshreddy6574]

She asked about payback in term insurance, what you said is for limited pay.?

[@PersonalFinancebyChandu]

ok. I might have misunderstood it. But I was in touch with them and helped them. Return of premium is one of the worst thing in term insurance. Also Payback policies premiums will be very expensive and I will never touch them

[@santhosh0306]

Monthly 10k SIP start cheyyandi atleast 20 yrs varaku kattandi... literally 2 cr varaku compound interest tho add avuthundi...me retirement lo monthly expenses andulo nundi tisukunna still meeku 1 crore plus vuntundi..at the end of the day me kids ki carry forward chrstey vallu kuda chala happy ga vuntaru

[@Ramyakanakala602]

Which sip is better if you please tell 😊

[@santhosh0306]

@@Ramyakanakala602 any index...take hsbc small cap growth...take 4 funds so that you will get averages for profits

[@Ramyakanakala602]

@@santhosh0306 thank you 😊

[@PersonalFinancebyChandu]

@@Ramyakanakala602 Hello. Please diversify your investment. Take one Nifty 50 index fund. One Nifty next 50 index fund. Two small cap funds (Diversify to balance rsik) Two mid cap funds(Diversify to balance rsik) One flexi cap and one Tax saving mutual funds (These are your choice). Starting early is important for the long term growth. Few thousand rupees tho kuda crores wealth create avutundi. Stay invested for long term. As discussed in Instagram messages, continue in those funds.

[@Ramyakanakala602]

@@PersonalFinancebyChandu sure andi thank you 😊

[@BSPAVisibles]

Bro SIP lo step up Ela cheyali?

[@PersonalFinancebyChandu]

@@BSPAVisibles already did a video. But will do a detailed video. Else please ping me in Instagram, wil explain you in chat

[@SuneelSunkari]

she pursed m.tech in gayathri vidya parishad eee. I got chance to meet her.

[@PersonalFinancebyChandu]

Yes she did mention she is from Gayatri. Now She did also mention now that you are a chess champion and a scholar.

[@SuneelSunkari]

@PersonalFinancebyChandu After throwing all personal finance videos into mixey . I came up with few points. > We shouldn't just invest everthing in equity > Equity Holding should be 100 - age % > Debt Holding - Age % > We shouldn't invest everything in equity rather we should maintain a portifolio. > Enter in staggered manner I.e sip and Exit in staggered manner I.e swp not in lumpsum as we can't time the market My Portifolio : I invest 20 % of my salary in below portifolio 60 % - Indian Mutual Funds (large, mid, small and "micro cap" as well) 20 % - US ETF's actually its 10% only in s&p 500 etf by vangaurd(voo) but I found another etf soxx(semiconductor etf) offered by Blackrock asset management company. why US ? If anything happens in india like if congress wins US market is not affected for diversification purpose. 10 % - gold (half in sgb as you said and half in gold etf as gold etf offers liquidity) why gold ? gold acts like hedging tool in economic crisis situation. 10 % - RIET's - commercial real estate investment which offers regular good dividend Earlier I used to invest Silver ETF and Invits Silver performs when economy is good but when to enter and when to exit we need to know Invits - these offer better dividend than riets but sensitive to interest rates you too please explore If i miss anything and I suggest users who ever investing you shouldn't invest and forget and believe speculation investors should travel with market by understanding businesses and economics and then take calls accordingly. people who understand economics and businesses and stay in market till last will only be successful people

[@mystatus449]

Mutual fund 12% returns tesukuney badhulu P2P clear cheyyadam best kadha anna 24% payney vuntundii intrest na opinion

[@PersonalFinancebyChandu]

Jeevana took p2p loan from her father. So no interest loan anamata. But vallu repay chestunnaru slow ga

[@mystatus449]

@@PersonalFinancebyChandu ok

[@subbaramireddy7634]

​@@PersonalFinancebyChandu 😂😮

[@harip2755]

What is p2p​@@PersonalFinancebyChandu

[@PersonalFinancebyChandu]

@@harip2755 It is Peer to Peer lending. means taking money from other people with a contract to pay 1 rupee or 1.5 rs interest.

[@SuneelSunkari]

Investors, Please don't invest your entire savings in equity i.e Stocks and Mutual Funds. Beleive in every asset like 1) Stock Market 2) Mutual Funds 3) Gold 4) Real Estate 5) Government Securities and Treasury Bills. Stock market gave 12 % returns thats true but it got added only after 2019. Stock Market is influenced by big people we as retail investors can't influence it much. Listen to everyone and take your decisions. Please don't delete this comment.

[@PersonalFinancebyChandu]

That's true. Asset diversification is very much needed. And we need to allocate the funds according to our risk appetite. Fixed return and risk free assets are Provided fund, ppf, Sukanya Samruddi Yojana,debt mutual funds, corporate bonds, government bonds and FD. And limited risk instruments are sovereign gold bonds, NPS.

[@SuneelSunkari]

Also please suggest 1) US Stock Market Investing 2) RIET's to investors. Thanks.

[@SuneelSunkari]

@PersonalFinancebyChandu True investors at young age can take risk so they can invest in equity when they are getting older it's good to move safer instruments by following 100 - age % such that even at 60 we will have 40 % Equity Holding which leads to our money does ever lasting plus some safety. Requesting you to expose US etf's and RIETs to investors. Thanks.

[@PersonalFinancebyChandu]

@@SuneelSunkari definitely will do a video in next 2-3 weeks.

[@Vidhatri1921]

Anna konchem baga chey interview. Chala clumsy ga vundi.

[@PersonalFinancebyChandu]

Sure . Will streamline few things. Thank you for feedback

[@kka510]

Gold loan 6% ye bank istundi ?

[@rama18ification]

9 percent untadi I checked with sbi..looks wrong info

[@MyBrainCell2.0]

Canara bank gives 7.5% and for farmers it is less than that . Please conclude

[@PersonalFinancebyChandu]

For farmers it is less. They have clarified, their family have taken loan as farmers with help of family.

[@rama18ification]

@@PersonalFinancebyChandu all sections of people in country somehow get benefits ..but middle class will get only chippa to beg after paying all taxes

[@PersonalFinancebyChandu]

@@rama18ification I agree with you. We need to pay tax from salary and after that, any money we are spending, we need to pay indirect taxes in the form of GST. We work only 9-10 months in a year for ourself and 2-3 months for government.

[@informationinfinity5187]

Bro stock market started in 1978 and not in 1990's

[@UdayKumar-qh8jr]

Stock market in 500 years back only

[@informationinfinity5187]

@@UdayKumar-qh8jr its about sensex

[@PersonalFinancebyChandu]

Nifty 50 index started in 1996 year and I always take Nifty returns as standard returns.

[@bujji555]

I think he is giving term insurance policies

[@PersonalFinancebyChandu]

I don't sell any insurances. They needed some guidance on taking term insurance.

[@bujji555]

@@PersonalFinancebyChandu ok good

[@soumyareddy3452]

Sip lumpsum better ah? Monthly investment ah? Ma papa ki ipudu 1year...so Nenu ipduu lumpsum invest chesi oka 20years vadileyali ankuntuna Is it best?

[@PersonalFinancebyChandu]

Never do lumpsum. Always invest in SIP. I will do a detailed video mam

[@KarthikbhaskarKoneti-de1if]

Lumpsum better may be monthly monthly maintenance balance headache

[@PersonalFinancebyChandu]

@@KarthikbhaskarKoneti-de1if SIP is always better. Because you will average up and average down. Lumpsum is better when you know market wont go any further down. But no one can predict the bottom of the market

[@harishkd1]

Valla ages entha kuda display cheyyali

[@PersonalFinancebyChandu]

Sure going forward will display Ages as well. Thank you for supporting

[@telugu-shorts604]

KZbin lo una videos ani kalipi oka video chesinav ga 😂😂

[@bujji555]

Nuvu cheppdi enti ee rojulalo andaraki telusu.neeku advices istharu.twenty lakhs ku insurance one lakh thirty thousand pedda bokka

[@PersonalFinancebyChandu]

For a person below 30 years, He can get term insurance for 1 Crore at a premium of 1.5K-2K per month. If you know , very good. Lets educate others who don't know. Thank you

[@bujji555]

@@PersonalFinancebyChandu if it is more than 30 lakhs and will continue the loan upto the tenure then it will be economical.Those who are having an idea of clear the loan at earliest period it is not wiseble andi.because once you have taken the loan for insurance it will be continued even though Borrower has cleared entire loan.

[@PersonalFinancebyChandu]

@@bujji555 Agree. In that case they can opt for a term insurance outside which will act as collateral . Also they can continue the same policy till retirement as it is wise to have term insurance till their dependents are independent.

[@tintin_teaches]

Explain with examples man, don't give generic advice.

[@PersonalFinancebyChandu]

Sure. I will do a follow-up video for the same couple after 6-12 months to know the investment advice they have taken and to see their investment journey. I did suggest them few good mutual funds which they have started sip already.

[@ashokkoneru1157]

Nice

[@PersonalFinancebyChandu]

Thank you