Beginners Guide to Personal Finance | Top Personal Finance Rules To Follow in 2021

[@adityakhandekar9230]

3X emergency fund rule 8% rule for minimum returns on investment Pay yourself 10% for retirement 30% credit limit only 20% EMI rule 30% Home buying rule 3% annual rental yield 20x life cover rule 50-30-20 rule

[@itsmemahesh9451]

#1 Emergency fund 3x #2 8% Rule #3 Pay Yourself 10% Rule #4 30% Credit limit Rule #5 20% EMI Rule #6 30% Home Buying Rule #7 20x Life Cover Rule These things I have learned in this video, Thank you so much for this video 🙂

[@raveenpardal2515]

A dedicated video that explains ETFs and MFunds would be great

[@badhrinarayanankp8545]

Summ: #1 Have an emergency fund -Min Three times of monthly income #2 Investments should have a Min 8% return after taxes-Bcos PPF gives 8% approx #3 Keep aside 10% of monthly income - for ur future self -Long term investments like Equity, ETF, PPF #4 Credit limit (Credit utilization Ratio) -Max 30% of monthly income -eg. 1Lac salary -Credit card limit be 30k max --Else will be trapped by debt #5 20% EMI rule - All EMIs put together be less than 20% of monthly cash income -Zero EMI would be great---SIP>>EMI--What if you loose ur job during EMI tenor??! #6 Buying properties -Go for it only if you can afford 30% of the cost from own money -Banks give only 80% loan--Balance 20% +10% expense overrun (like furnishing etc.) -You should be able to bear it. #7 Any property owned must yield atleast 3% of its cost --Eg house costing Rs.50L--Must give a min of Rs.1.5L rental income per annum #8 Rule for sole bread winners (Having ppl dependant on you) -- Have a life cover of atleast 20x your current annual income #9 50-30-20 Rule --50% of money can go into fixed expenses like rent, Electricity etc (Needs), 30% can go into your wants (dinners, parties…) & balance 20% into savings (Min 10% savings mandatory --refer point 3)

[@asaplogic6104]

Shashank Udupa - The King of FINANCE world😍

[@AllwinJeba]

@shashank Another important point which you missed out about the emergency fund is that it should be highly liquid.. Which means with in a day you should be able to withdraw this money.. If this money gets into ETF, or mutual funds, share market etc. we get into the T+2 days crap. Which will kill the intention of "Emergency". I know you hate FD's but this is one use case where FD can be used as it is highly liquid and gives a 5-6% percent return. But the goal of this Emergency fund is not to "gain returns". With 5-6% interest the FD can take care of the inflation erosion and give us a highly liquid instrument which is ready to use in very short period of time (medical emergency). I know we have insurance that kind of fill that gap but I would be extra cautious after all cash is still the king in India.

[@Urmitchaudhari]

I am in my 17, currently in 12th STD. And I found this video so much useful 👌, yea There were little things were I couldn't get it, obviously because I don't have very much knowledge about it. But this is a great help to manage person finance.

[@sudharshanpani585]

A lot of finance guru's tell us not to buy home in 20's, but did not say when to buy a home, so I want to hear about this renting vs buying a home from you. Please make a video on this. Thanks you.

[@tanujamalipeddi8811]

Thank you so much🙏. Now itself i am gng to make 50,30,20 rule and follow. Thank you so much once again @shashank

[@ajinkyakharate4581]

How should I diversify my portfolio using 10% saving?

[@sagarshelke9039]

Hi Shashank, you didn't discuss about health insurance. Please let us know about your views on that.

[@praveendeswal8855]

The 20× life cover rule is mistake please correct.... you say 1 lakh income per year and also calculate 12 ....I understand your intention but more people confused ... and I so glad to you watching your vedio ... please change some correction.. blessing 😇

[@naveenkumar-iu1vo]

So talented, yet so underestimated

[@mohitzambare]

Does life insurance premium cones under saving?

[@azharwaikar6103]

What are cut off time for international mutual fund... Which day NAV will allocate

[@glenabraham907]

Really cool video, I had all these in mind in a scattered way, thanks for collating everything and putting it in one video.

[@mohithn6387]

Shashank really you are superb teacher 🥰🥰🥰

[@karanwho_]

Hey Shashank can we take a look at the small cases once?

[@jagratmishra3057]

you are genuine sir keep it up.

[@lalitprajapati165]

Perfect mentor

[@ishanjaggi4807]

Please continue personal finance and stock market basics series

[@praanjaltaneja8561]

More about ETFs and MFs, also thankyou for doing what you're doing!!!

[@sachinbodake7350]

Hi .. 👋 Shashank You are great 👍 God Bless you

[@gunashekar8735]

Thank you for such an amazing and quality knowledge video for an young investors. Can you make a video on what are the tax benefits an individual will get when it comes to investments in a long term period. I know to my knowledge that upto 1lakh is exempted from LTCG apart from this is taxable at 10% .if their is any exemptions please make a video on this.. once again thank you

[@parthsoni7565]

Video on ETF and PPF would be very helpful.

[@abhimanyubhati1643]

I like watching your videos which are in the simplest ways but I question. See, I can save only 5000 Rupees a month and I have some knowledge about mutual funds. So, here I need you to tell me, what should I do. Is buying insurance policy which gives me around 6 to 7 % interest or should I invest in mutual funds in the form of SIP which can give me more after 25 to 30 years ?

[@karthik253214]

Bro PPF is currently 7.1% and govt planning to reduce future .

[@saumitup6524]

8% rule still applies tho

[@乇尺卂丂卄]

Shashank, Great work. Keep going Keep us educated as always. Thank you Erash

[@rennitasaldhana9297]

Hi Shashank, can you please include self employed people in it too... For example, I'm a Physiotherapist & I am paid per consultation... The problem here is, when the money keeps flowing in its very easy to spend it out too.. unlike salaried people who can segregate their funds every month... I'm not sure how you could include this.. but the number or self employed people are expected to only rise in the future...

[@parzivallevel1048]

Well I prefer Iphone because i dont easily change phones . Last phone lasted for 6.5 yrs and now i got new one . So its kinda better for me that way . It is not always about price .its human mind .

[@dksingh1985]

Purely eye open session ❤️

[@bcav26]

Hey Shashank! I work with my father, he has three partners with a ratio of 35:25:25, 35% is my father's share. I contribute towards eCommerce part of the business which earns 10-15k/month (just started). I don't earn anything per se but my father provides me expenses as and when I need it. How do you think I shall start investing?

[@sudheshsankarkk]

Thank you for sharing 🙏

[@beardy.weirdo]

Hi Shashank, You mentioned about a life insurance inthe video. Please make a video explaining all the other types of insurances in detail. Thankyou!

[@shubhamkhandelwal6529]

You forgot getting Insured.

[@shrutiupreti9936]

Please make one video on mutual funds sip for people in 20's

[@subegsingh5658]

Hi Shashank, first of all amazing content, even 18 year olds like me can understand very easily. I wanted to ask if you could make a video on credit score and is credit card important for a college student. Looking forward to your answer :)

[@parulupadhyay7139]

Bro... Credit score: for credit score be financially disciplined for loan of any form.Dont act as guarantor unnecessarily, as borrower and Guarantor more or less same for credit score Baki saab bhool jao... U will be having good score always. Credit Card: Yes , in my opinion it is very Good. Use it only when required and pay before due date always. DNT GET TRAPPED IN ITS EMI. YOU R YOUNG... START INVESTING EVEN FROM POCKET MONEY. GOOD Luck

[@TanishqMishra_IIT-R]

Even I'm 16 but able to understand things well Thanks to Shashank

[@tushtijain3722]

Hey Shashank loved the video. Just a request to do a more detail video on SGB (Sovereign Gold Bond) for those Indian parents who only believe in gold investment. My mom has huge fund of which she is gonna go and buy Physical gold. I tried to convince her on SGB. It will be very helpful if you could do one.

[@parakhjain69]

Bro kacha pakka ka paisa bhi dekhna pdta hai. This is india aap kache paise se sgb nahi kharid skte

[@goodrat7]

@@parakhjain69 true

[@vishnumurali8061]

Hi . I think there may be few people out there like me .. I am 27 and my monthly salary take home is 30k , and I have an personal loan in which I have to pay my emi 12000 and my salary is what feeds my family (Mom and dad) . So with all this I try to save but my father has a medical condition and those savings vanish when it occurs. So what's the best mean of savings for me.

[@cj7ks]

Just jump companies and demand more pay... don't trust any companies

[@vinaybulani9500]

Amazing Video. Very insightful

[@krishnagrover6610]

Yes knowledge on ETFs would be good help shashank

[@Darsshnn]

Thanks shashank ❣️

[@thinkingmad1685]

Hey I have a doubt suppose there is a case where my friend/relatives asks for a loan and circumstance is I can't say no how to deal with this kind of thing should I need to allocate some amount for that too .I know the question is silly and idiotic but just curious to know

[@RamKumar-sq8dk]

Shashank, please make a video on nifty ETFs

[@margaretkimani6167]

awesome awesome content

[@nisargvangoswami4209]

Plz make a video on ETFs, where to invest for long term and on credit card

[@gokaldasgajaria6506]

Next video, suggest to put following information. 1, book, Reach dad, poor dad. 2, Invest in MF, which one? 1000 MF. Suggest, study web site, MC, Valueresearchonline. Suggest Multicap or flexi cap. 3, MF, SIP, Power of compounding. Return 15% per year, 1O years 4 times, 20 years, 15 times, 25 years 32 times. 4, This is very important, make another video, give data

[@junaidmohammad6167]

Hey @shashank can we have access to the slides just like we have for Meta Finance Tuesdays

[@parulupadhyay7139]

kaka G !! PPF MAIN 7.9 PERCENT NAHI MILTA !!!

[@karthikreddya9958]

Sir plzz make a vedio on Mutual funds episode 3 . Waiting for that from long time. Plz sir

[@abhisheksujanan8318]

thumbs up for the outro!

[@yashgupta-rs9ro]

Thanks man , you are doing great job❤️❤️❤️

[@Saumyajainvlogs]

Bro please discuss about smallcase too!!

[@MrGauravgianani]

Awesome rules thanks for the video. 👍🙏

[@dr.ushachahal5871]

Great effort..👌👍

[@zubinbyramji7146]

1. A detailed video on how to become a stock broker 2. A detailed video on how Warren Buffett invests in stocks

[@yaswanthreddy3166]

Can you please upload the resources used in the video(PPT)?

[@nikunjraykundlia]

Thanks man, it was really very Helpful 😊

[@bharatsoni9577]

Thanks

[@abhinandp925]

Wow....

[@gauravmalhotra6593]

Please create some more small cases for us

[@Amandeepkaur-wy8sf]

Amazing video sir....thanks a lot...

[@srishtigautam8124]

Can you please make a video on risk factor in mf/sip and also suggestions on which mf to invest in.

[@kaus2905]

Sir make detailed videos on ETFs and derivatives

[@vartikakedia1227]

Emergency fund to be invested in stocks is too daunting.

[@nikhilchettri5136]

Nice video. Shashank can you plz share this slides with us.

[@mvr29]

There is a slight delay in audio sync with the video. Please check that. Thank you

[@priyaldo5844]

Sir please Start stock market videos from ground level because a lot of people are those who wants to learn market and invest from zero knowledge🙏🙏

[@skumarav9230]

Super

[@swagatikanandi2632]

please explain ETF stuff

[@prathamagarwal6201]

A video on update of your smallcase

[@aliakhtar_0807]

Loved it. Excellent content.

[@mrinalkandari4354]

Make video on ETF

[@travelguide9673]

NPS is better for old self

[@mohnishkumarchittoory9609]

make a video on compounding sir

[@futurephilanthropistneil4813]

LOL, I am pretty sure you know what is compounding and have watched videos about it but still want to consumer more content instead of actually investing

[@pranayissrani6596]

Bro PPF gives 7.1%

[@ashishparnami1918]

Going Good. Waiting for another one 👍

[@mahiItis]

👌

[@divijberry4545]

Super Great!

[@youngestindia]

❤️

[@fififinance7469]

Thanks for posting 😉

[@hvsingh1733]

Brother Please guide us on NFTs....

[@futurephilanthropistneil4813]

what do you need guidance for in NFTs?

[@preetiravindran7440]

Please teach ETF.

[@vidyasujithra]

Hi Shashank, Great video; thanks for explaining all the details to T. Could you also make a detailed video on the "50-30-20 Rule" with respect to how the savings must be divided into various investment instrument totalling up to 20%. Since most of us out here are having only one source of income -- this 20% will also be a part of the "8% returns rule" as well as "Pay yourself 10% rule". It will be great if you could make a video or a response with details would also help. Thanks once again for all the awareness :) have been following your insta handle for almost a year or so.. wish I found your channel and all your content a few years back itself :)

[@biswajitpradhan2998]

❤️ this is really helpful

[@AkshayKumar-jf5xc]

One video on IPO MFs ETF..

[@thebeautifulanimal]

No job is safe!! If they don't need you they will kick you out in seconds.

[@amlanmansai0]

Voice sync bro..

[@parakhjain69]

Ppf 7.1%

[@amrithrao6500]

thumbnail game strong

[@pradeepchinna5545]

PPF gives you 7.1%

[@ShivaKumar-yk9dv]

Credit card

[@arshnarula3772]

You are mistaken bro, ppf rate is 7.1%now , update your facts 🤣🤣

[@vishalnangare31]

.