Living on a 24 Lakhs Package in Bengaluru | Fix Your Finance Ep 2

[@nvm3172]

please do a video on someone who earns 3.6 LPA to 5LPA please as many people watching this content is from this area. i beg you

[@anshumanfinance]

I have shot a video for you today ;)

[@dhanushnair2226]

if the income is in those brackets, people should focus more on increasing the income, investing in self growth. Don't invest in stocks. Invest what is left on index funds in SIP that will maintain a discipline .

[@nvm3172]

@@anshumanfinance thankgodddddd

[@nvm3172]

@@dhanushnair2226 i wanted to know how to save rather than investing! Yes im investing on myself rn. but kya yaar i joined couple of months ago thoda tho time lagega na yaar

[@nayaksandeep2001]

Ideal investment for ppl in this slab is SIP investment in a good low cost index fund + ppf and nps(80c) Eg : 5k per month in index fund and 1lac in ppf and 50 k in nps annually..ppf might look uninteresting but trust thr power of compounding plus a safe tax free return asset. As ur salary increases and ur career stabilizes step up ur sip andadd a good mid cap fund and flexicap fund to ur portfolio .This should give you a really good head start . As u mature in ur investment start picking direct stocks (large cap at first )

[@maheshchalva1796]

This boy is 25 years younger to me and his level of understanding of the finances is way too good for his age and experience... he should only grow from here on, provided he keeps moving on the same path

[@ajitmenonm]

He works for a crypto but has not a single rupee invested in it 😂

[@rajeshkumarjha1536]

He knows the dark reality 😂

[@ameyjoshi938]

He's the smartest of us all...

[@HhbjNhhn]

He knows how to create shit, and also knows how not to get into shit 😢

[@prajvalm8796]

Alcohol manufacturers don't drink

[@Elisa9395-y4z]

​@@prajvalm8796 they do😂

[@Lakshmanan_raman]

The fact that when people mention their guilty pleasure expenses, they are not getting judged by this guy, instead he appreciates them! This is the reason, why I watched this video after watching the previous one right away

[@paramsk7770]

Earning 24L at 25 has to be rare man! Even people outta of IIMs start at this range

[@princeofheaven19]

Very common salary in Bangalore

[@homeat103]

I have a bachelor in Commerce degree from GNDU in Jalandhar, Punjab. How much salary I'll get in Bangalore without prier experience.

[@homeat103]

@@princeofheaven19 I have a bachelor in Commerce degree from GNDU in Jalandhar, Punjab. How much salary I'll get in Bangalore without prier experience.

[@RR-jt6vp]

i doubt its common, coz evry1 assumes it...i tink t average yr salary is around 8L....bt nearly every1 inflates....also tis kid is in a crypto....no guarantees of a stable job

[@shivammaheshwari5519]

@@RR-jt6vp common in product based IT companies and startups.

[@jagotumi]

30-40 stock ka portfolio bana lia tha starting as a beginner is an overkill. Best way to start is to choose the NIFTY50 ones.

[@pankaj-sindagi]

Surprising to see that he has not invested in Crypto considering he is working in a Crypto start-up as a Business Analyst.

[@dinil5566]

Exactly 🤣

[@afridiwhatever6220]

Drug dealers never consume

[@Djinsoul]

Sometimes even in a unicorn, your job is unstable because the firm is not experienced enough to take proper future decisions and then employees get laid off. So if it’s below a unicorn then even riskier so it’s important to save and invest when you can.. I work in education funded by Facebook etc and times still get tough..

[@aditi107]

Bangalore expenses are higher than this I am in this city for 8 years now … not relevant… in fact rent is itself 32000 for a 2 bhk and average u can consider 22k-26k

[@anshumanfinance]

he has a flatmate, all the recurring expenses are split

[@aditi107]

Thanks I understood…. So I would also request if we can have a video for a 2 member family in Bangalore and single person earning.

[@anshumanfinance]

@@aditi107 if you are in Bangalore and want help, fill the form!

[@1nilu1]

Where can I get a rental for 32000 in Bangalore? I am a foreigner living in hotels paying double. I want a 1bhk in Krishnarajapura area. Pls advise

[@Hi-br3rm]

@@1nilu1 a person named Shiva Shakti is a foreigner? xD

[@evilrise9456]

I'm 24 and also earning 25lpa, currently living with my parents because of wfh so my spending is even lower, only 5-10k per month. My investments are in bad shape right now 50k loss in stock and 30k in crypto, so only investing in MF right now. Planning to become freelancer so that I can start earning international level salary.

[@kumarvs66]

Please don't invest without proper education.

[@evilrise9456]

@@kumarvs66 Yeah, in beginning it was going well I was in 50k profit but after Ukraine war it dipped a lot. Now I don't have time to educate myself about stocks so relying on MF.

[@kumarvs66]

@@evilrise9456 Oh ok. Fine. Since you are earning 25 LPA , you may not face much hurdles w.r.t money. Otherwise it would be good to learn and trade in options

[@35mm_DREAM]

​@@evilrise9456 from where will you learn ?

[@chaitanyashinde7700]

These both are sorted out at age of 25 wow. I think back at my time we had no clue.

[@ankit6872]

Anshuman Is Sitting like a Cnbc Expert 😂😂😂

[@karanpanjrath1319]

One suggestion ,Don’t invest in EPF because we already have investment in PF ( by default from salary)and it’s giving 8% nowadays which will get lower in the next 20 years for sure , so move that 24k from EPF to Mutual fund ( total 49 k ) ✌️

[@pankajrathi]

When he meant 24k invested he meant the PF which gets deducted by the company not to at he is keeping separate I think

[@shivanshdhaker8992]

bro this is actual quality content i watched these videos at CNBC make it but hats off to you to bring this to india looking forward for more videos of this kind

[@AvikDebnath]

NPS gives more than 50k benefit. You can investment 10% of basic in NPS every month where is no cap in Income Tax

[@mobilegamer66]

working in crypto company but you missed to ask him about his investment in cryptos.

[@sumeetchoudhury]

Par Portfolio toh RED mein hai !!! Same Story everywhere ! Bas rukna nai, keep investing. Ache Din Aayenge ! Don't book Loss.

[@pacifikx]

Jo 1.5 lakh kama ra hai.. Uske finance ko fix karne ki zaroorat nai hai jo 20-25k kama ra hai usko hai

[@holysupermichael]

He has the discipline. Bro is sorted for life.. unless hes stuck with a spender for a partner..

[@satishpatro]

07:40 same same. I have no goals. Just investing as much as I can. I don't have any Mf, all in stock. But, planning to invest in mf, Because when in future I need some amount, it will be difficult to sell any stock which you have conviction and fomo. So, if I have mf I can sell some unit

[@maheshchalva1796]

How to manage finances abd grow over a period .. 1) keep your requirements to basic and minimalist 2) invest in mutual funds 70% of your earnings right from the word go 3) after marriage pool the investments ,dont go for fancy western life styles, 4) priority is healthy living,do regular exercises,eat healthy self cooked/home made food 5) in 20 years u can retire from active working and involve in social work in later stages of life...help out the people who are less fortunate and make positive contribution to the society

[@patilsandipb]

Who will decide we want western life style or not? I or wife😂

[@dhwanilrambhiya1235]

Being a business analyst he is asking how to analyse a stock?? Strange question...

[@therealthing5849]

wtf person is having 1.5 lakh a month and he has only 65k CC limit.

[@93792sam]

Wouldn't his EPF be deducted at source by the employer before the salary is paid, which means that he should not be counting it as savings out of his in hand salary. Please correct, if wrong.

[@prakharsingh7215]

Also the amount allocated against EPF seemed wrong. Employer+ Employee Contribution comes out to be generally 40k-50k approx per year. How is this 25k per month in this guys case?

[@heyitsnikhil7956]

You can do an additional voluntary contribution to EPF. Its called VPF.

[@siddharthsingh5031]

@@prakharsingh7215 You can invest 12 percent of your basic salary, if your basic salary is high. The PF contribution can be 25k.

[@DS-oo9nc]

@@prakharsingh7215 12% of your salary can go into PPF. 12% of 2 lakhs is 24k. Checks out.

[@Rn45634]

For some reasons, the examples chosen are all the ones who are earning much more than the average for the age. Please include the ones who earn the average salary for whom the financial planning becomes even more important. Such examples would be more relatable ones for the wider audience

[@anshumanfinance]

the next video is for you :)

[@shobs4464]

you have only 44k subs? surprising. you have amazing content man, keep going

[@priyamvadasingh350]

Could you create a video for women specifically? So the expenses of both genders differ a lot and I’d like to see your take on how you consult women.

[@anshumanfinance]

yes I will keep this in mind. Fill the form if you are in Bangalore :)

[@arjunps6776]

Not a word on health insurance. Even if he's young, he needs health insurance apart from the one the company provides. Considering his age, he can get it for a low premium too.

[@AllenBaby7]

Why would you want two health insurances?

[@arjunps6776]

@@AllenBaby7 Because a person can lose the job anytime. Especially in startups. Plus one more health insurance policy provides extra coverage.

[@sunitkumarswain5786]

Great Videos!! One way it looks so good when I see bachelor people saving a good amount and on the other hand it scars a lot seeing the expenses which will increase after marriage. Your videos will inspire to people who want to secure their future before getting married like me.... 😀

[@harisaink2740]

Bro any one can easily survive with high package just upload the person who working with low packages then apply ur financial skills what the point of explain about high package they can easily manage. If possible upload vedios on person who are surving 5 lakha with family that will be motivated.

[@diganttonpe1804]

This was exactly my question, how to invest without having a goal in mind. Getting Addicting to this series! ❤️

[@pandaculture6181]

I’m 21 now, earning 24L p.a. haven’t saved a penny yet. if you ever plan to do “never make these mistakes” video, hit me up.👌

[@JayPatel-ok8fm]

I hope this question reaches you @anshuman sharma, This guy earns close to 1.5L per month and has a emergency fund of 80-90k only, is this ratio correct? cuz I earn close to 1/2 of his monthly income and have an emergency fund of 2x than what he has and I am still worried that I dont have enough emergency fund who is right?

[@TheCuriousCurator-Hindi]

You are in safer situation. It's not insanely high but will also give you better cushion.

[@nayaksandeep2001]

You are in the right bracket... If you are a single income person - 3 months of expenses is ideal ( with a dependent ie child that can be 4-5 mths)

[@_simplerecipes_]

Salary multiped by 3 or monthly expense multiplied by 6. Either of the one calculation should be good enough.

[@saswatsenapati7870]

I have exact same sal(after tax and all deduction). Have around 3.5L of emergency as my parents are above 62.

[@anshumanfinance]

a big emergency fund will make sure that you don't have to sell hour investments in uncertain times. You are doing good

[@kartik180rajesh1]

The question was great Investing without a goal in mind has always been so open ended to me

[@applepeel1662]

Hi I'm 22 and make 6.5 lpa, these numbers are quite high for me ;.; It'd be great if u talked about ppl with a lower salary Also would love to see videos on the basics of investing etc as I'm starting from 0

[@rhishikeshpingle1151]

What u do ?

[@applepeel1662]

@@rhishikeshpingle1151 I work in software sales for an AI company

[@yogirajbeknalkar8730]

@@applepeel1662 could you tell how you got the job & how can I land it to ?

[@applepeel1662]

Have enough technical understanding to explain it in detail, have enough communication skills to sell it to people and learn how to build a sales pipeline. I don't like hard-core programming but I can speak tech. I am currently taking the steve jobs approach to tech I'm not an engineer, I've done my undergrad in business with a specialization in marketing

[@harshpatel105]

I earn 25lpa at 22

[@akashpatel926]

Kindly make a little longer length episodes. Shuru hote hi khtam ho jata hai. In short, they are amazing, and I want to make them a little longer so we can deeper understandingdingg.

[@OishikSarkargplus]

If the guy is earning 24 lakhs a year how can a bank giving credit card with only 65k limit? Believe me my salary is a lot lower than him but I've 8 credit cards with more than 3 lakhs limit.

[@rohitgollapudi2987]

May be he got a recent hike

[@praveshjain7525]

Depends on the number of credits cards. What if he has only 1 card and limit is 65k?

[@OishikSarkargplus]

@whatsp9466 thank you for scamming people. Now I understand how people earn 24lacks at such a young age. 😂

[@vinaybansal1810]

Working in a crypto company, and no investments in crypto.. ?? wow :p

[@akshayaravi8536]

Please post a video series on the lucrative career people are having and the package offered, how they invest and plan for future.

[@satanikduttagupta9818]

This is awesome guys. It's like this video has been made for my reference. All the queries the guy asked to you Anshuman, are my queries. Thanks once again.

[@mithunnair8587]

Please continue this series, it's so good ❤️

[@farazahmad4002]

video is good but thumb nail and tag line is not relevant to the video for what I clicked for

[@vickylightspeed2750]

what is 24 lakh package ...do they get 24 lakhs per annum and what about income taxes?

[@gaganphadke7652]

Its CTC not in hand salary

[@HOSTELHERO1]

You should interview around age of 30 to 35 also like how they are managing their finance

[@shravilsingh8206]

I just confirmed with bank they say you can utilise whole amount still your credit score wont get impacted until unless you are paying it on time

[@sandeep4uin]

look for from where company getting revenue.. Will that growth sustain over the period of time.. Look for strength & weakness of the business

[@kamranwasifify]

I'm 24 in the final year of my bcom that too distance. I had opted for ca , cleared cpt in the first attempt, couldnt clear ipcc in multiple attempts, dropped out of ca. Seeing people achieve so much at 25 makes me feel insecure and kind of guilty that Im way more behind in the race. what do i do ?

[@ushashaw7926]

Research about CPA, Make money, Spend a little and Invest aggressive in mutual funds only

[@kamranwasifify]

@@ushashaw7926 im more interested in finance. Not auditing and accounting.

[@zeded509]

@@kamranwasifify you can try CFA, CAIA OR MBA Finance

[@Shambhu_creations]

Never give up bro!! And stop comparing urself with Science stream careers, They have one stream of salary and its high in the begining. But we Commerce stream careers can have mulitple degrees and multiple stream of incomes. Get a real estate license , NISM certifications and start doing CPA or CFA. Even i passed CA inter in 3rd attempt. Now working for 8K a month stipend but i make a lot more in Option selling and Real estate commission.

[@ben4wisdom]

The first thing you need to do is.. 'get out of the race!'

[@kuldeepsingh08]

6:25 We don't do that here

[@anshumanfinance]

You know the rules my man

[@kushagragupta8460]

I got a credit card limit of 2L @ 14L fixed annual income. This dude needs to block and dump this credit card asap amd get a new credit card, possibly sbi ka latest wala ya hdfc

[@alokdwivedi0609]

Last week I got your channel's suggestion in KZbin, very unique format. I am now binge watching all your videos.😄

[@ufo4983]

You the kinda person who craves how much other people earn and make a video about ut

[@the_mants]

If we have our credit card limit of emergency fund, then still do we need to create emergency fund ?

[@_jyoti.sharma]

Excellent series!One question is it easy to get a fund manager ?

[@myroncarvalho4872]

some indirect cost effective ways to outsource your folio management to a fund manager is by: 1. investing through a small case(like zerodha), 2. into any mutual fund of a particular theme/sector, 3. any index funds(nifty50, next50, etc.), 4. direct growth plans(icici/hdfc/tata etc. provide this, google growth plans sip and any bank name), in all these cases there is a fund manager running this. so a tiny fraction of your investment goes to them. to understand properly how to use these instruments, search for videos made by anshuman/akshat shrivastava/ankur/LLA/Rachana Ranade. just put their name + mutual funds you'll get their videos explaining these in detail.

[@chetan.s.k6055]

Awesome Series Anshuman Sir ,As 18 year old this gives me rough picture of finance and POV also. 👍🔥❤️

[@vinaymarathivlogs]

Anshuman you explain very well keep it up bro

[@lastmilerunnerlastmilerunn5703]

You have no questions to continue consecration🤣🤣 at last you nailed it

[@100xDegen]

and the guy is a business analyst...

[@AnkitG12]

Subscribed. Looking forward to learn a lot 🤘.

[@utkarshvidyarthi5519]

Any recommendations on an app which works as a fund manager or any fund manager?

[@dhrumitkumarpatel8855]

Great video

[@siddharthsinghsap]

His company is closed now

[@maheshchalva1796]

One of the best

[@nikeshdubey4129]

Jisko 24 lac ki salary se impress ho re Hain. I wanna share something. His job is not permanent like government job. He definitely won't be working till 60 years of age. He is now earning 1.4 lac a month now. But in a government job after 50 years of age people earn 1.4 a month. He will not even be earning. So don't get fooled by 24 lac.. if you can get into a government job

[@blackboxbs8642]

Life toh enjoy krega

[@balajisridhar1116]

Earning 1.4 l after 25 years has no value can't even buy one sqft

[@tradewithvashisth]

Can we know which company is he working for so that the field interested candidates can apply ?

[@anirbanbtech]

This guy Shobit is from IIT

[@AlokKumar-qz4jo]

ETF is best if u know nothing. SIP in ETF is the best.

[@pradyumnapatil5190]

Will it make sense to invest in elss for 80c exemption, if you're having new tax regime?

[@Ayan-ux6rg]

The new tax regime doesn't allow you to claim any tax exemptions.. But if you have a plan to change the new tax regime to the old tax regime while filing the ITR then you can claim this elss under 80cc

[@jaypalnitkar4400]

Excellent salary at age 25

[@invincibleh3117]

He is an IITian

[@shivammaheshwari5519]

@@invincibleh3117 well me and my friends also have the similar package and we are not an IITian so it doesn’t really matter if you have skills 🤷‍♂️

[@brankelly1921]

@@shivammaheshwari5519 at what age and in what industry friend?

[@shivammaheshwari5519]

@@brankelly1921 25, software developer

[@harshpatel105]

I earn 25lpa at 22. Not from iit or nit

[@anmolpatel793]

Working as a business analyst in crypto company but invests everything in stocks and mutual funds 🤨

[@ballubumper7378]

Bro... You should also ask them if they have parents to look after and do they send some money home and if yes then how much .

[@arsilvyfish11]

Man these videos are too good! Keep them coming please!!

[@charuchopra9750]

Ye videos advice kam aur fomo zyada deti h...I m 33 n don't have an emergency fund yet

[@ArjunLahiri]

Mast maza aaya crypto me ab jaake? 🎉

[@harishkotian83]

Best investment is your health.

[@udaydas7]

i would love to have a video on student finances too :)

[@anshumanfinance]

The latest episode is for you!

[@Motivational18956]

First he worked in akash , then he joined joyride games

[@anurag0037]

24 CTC minus 3 lac in PF. 21 lac me in hand per month 1.5 nhi aata hai after taxes.

[@anshumanfinance]

1.4 lakhs he said

[@anurag0037]

@@anshumanfinance bhai 18 fixed me 1.15 - 1.2 tak aata hai. Since his rent is less HRA exemption would be less so he has to pay more taxes. If his company not deducting taxes then it's ok. Some startup doesn't do it.

[@Rkm662]

@@anurag0037 Stats are correct actually. After paying taxes he must be investing in NPS and VPF more. (1.25-1.4 Lakhs in Hand is fine)

[@rohansingh1860]

brother create a discord server, it would be great to interact with people and make connections.

[@nayaksandeep2001]

He needs a lesson from the wonder couple from part1 of this series :). 2 log 20k mein expenses manage kiya.Shobit needs help :P

[@murgachicken]

Please don't put in background music next time

[@dogoma6304]

Business analyst itself is taking analysis tips on how to analyse stocks 😂

[@BrokenRecord-i7q]

loved it, much needed :)

[@shamimahamed6850]

"Reliance mango bechne ki koushis kar raha hain......"

[@hitesh-patil]

Thanks Anshuman

[@yashtv555]

very insightful video 👌👌 waiting for more content

[@saurav7369]

Hello anshuman sir mene apki video dekhi aj uske baad mene 12 video dekhi or Sir mai delhi ka hu meri dream place hai banglore m job Krna mene architect ki study kri hai koi job mil skti hai whaa

[@raj3718]

Very good series for new people who just started their careier

[@hkrocksta]

Where do you find houses for 12.5k in Bangalore?

[@bindutiwari4263]

He said he lives with a roommate and 12.5k is his share of the rent

[@venkyrou3691]

I am not seeing any finance fix here , it's just an interview , i am not sure wat this channel is for

[@savitaautoindustriesmumbai7935]

Musn't be greedy.Money is all about how you use it.Invest in mfs and monitor them regularly and take appropriate action.

[@akshaydethe4797]

Great Content

[@TheSomshekhar]

IT ke alawa koi industry nai hai?

[@shobhittayal9027]

thanks people

[@mayankarora3672]

kab baaki or bhi professions india me global standard ke according paisa kamayega ...wha ek majdur 14$/hr kama ra hai yha pure din me bhi 7$ ni mil pa re..bas ye IT wale hi thoda close aaye hai global standard ke..or jitna choti nazar se ye IT wale dusre profession ko dekhte hai india me just can't tell you bhare pade hai arrogance se

[@bhavanaganugula3401]

more videos in this series plz..

[@sudhir-pl6tz]

bro take a gov approved plot for loan for whixh u can get 80% loan, u anyways exceeding the 2lakh limit with pf+mf+nps so that extra amount u can prepay the plot principal loan once loan close u can take house loan to build house 😊 atleast limit your elss and use that elss amount into some other nonelss mf or stocks etc. lend money website is another option where u can give loan for guranteed interest .

[@shubham2493]

Fatafat finance kidhar hai ?? 😂

[@dynamics9000]

After I found out that money is only a tool to exchange for values, I stopped saving and started investing.... Invest your money to make more money, By saving your money you only lose its value and it gets depreciated.... a fellow creator ^=^

[@sarthaksarode3982]

Hey is that Anaplan software?

[@sarthaksarode3982]

@whatsp9466 ha ya na toh batao Bhai😂

[@sudhirmalik100]

Bro only people with hand of god on their head will know when to buy and when to sell. What the stupid prerequisites is.