Compounding Will Make You POOR | Dark Side of Compounding | GiGL

Dark Side of Compounding | Middle Class- Negative Compounding | Rich Class- Positive Compounding

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[GreatIdeasGreatLifeIndia]

I hope you will love this Video. Jai Hind.

Download GIGL app for 180+ FREE Summaries (Android)

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[decateplays]

10000 rent, 5000 healthy grocery, 5000 gas light bill, bus pass 1500, , overall expenses 25000 savings 75000
Simple living is way of life

[stylishsam]

The title of this video should be dark Side of negative compounding. Compounding is the most beautiful concept which has actually changed by entire life

[PK-dbqj]

Rent - 0 (Live with parents WFH)
Food & Groceries - 5, 000
Petrol & Bills - 8, 000
Misc exp - 7, 000
Investment - 70, 000
Savings - 40, 000
Income - 1, 30, 000

No loans.

Simple and happy life.

[OpPhilo]

Sir, aap jaise logo ki Financial videos dekh mai bahut hi kam age me Paise ka Psychology samajh gaya hu. Mai kahi bhi paisa lagane se pahale ya kuch bhi purchase karane se pahale se sochata hu ki kaya ye mere liye wealthy hai, jaroori hai ya nahi. Agar jaroori nahi hota to mai usako khareedata hi nahi. Bina jaroorat ke koi bhi cheej nahi kahreedata aur na hi kisi ko deta hu. Aur meri isi habit ne mujhe paisa save karana sikha diya. And paise ko grow karana sikha diya.

Thanks a lot sir.❤

[vishalwaghmode]

100% correct 10 out of my 7 friends are stuck on this trap and very difficult to get out of it.

[shameekd]

My 1st salary was Rs 9000/month. Now I earn in 6 figures per month. I had credit card since my 1st job. I have never paid a single rupee as Credit Card interest.

[investmentPlanningservices]

As a investment advisor I have met many persons who are ready to take loans but not ready to invest in mutual fund or stock .I have explained many things by sharing your videos.many are in debt trap and now I am helping many of them to exit from debt trap .your videos help me alot in this process.thank you.

[yakuchioo]

या तो Risk उठाओ और आगे बड़ो या फिर Risk न उठाकर अपने लिए खुद एक Risk बन जाओ

[saikiranramireddy]

Formulas are simple

1) Dont take lones if you have any already come to zero as soon as possible

2)Dont take credit cards you dont need them because it increases the anxiety of an individual to spend more

3)to buy a thing instead of paying emi do a sip wait for the thing and save money for it dont fall a pray for a bank

4)live a simple life take insurance for your loved ones keep your emergency fund for 6 months in advance

5)dont show too much love for any thing because once it comes to your hands you barely use it for an year after that you will lose intrest on it which turns that as a liability this applies to any object or material you are feeling very important today may not be that much important for you when you get it

[S-A-M-]

My first salary 800₹ now after 22 years is 70000₹ with 2 bike a car and no loan ., no credit card ., jitna hi utna mai ... Allah ka shukra hai mai khush hu

[mahatvakapoor]

I too got stuck in the loop of negative compounding. I managed somehow as there were people to help me.
But I'll suggest a good strategy here, we cannot get away from our expenses and important expenditures like a home loan or a car loan.
If you're a bachelor then keep your EMI's under 30% of your monthly salary
25% if you're recently married
And 20% if you hava a family.
50% for your fixed needs (rent+groceries+travel+any other unavoidable expense)
30% for your wants( EMIs+ all those activities that makes you happy)
20% for savings (health insurance + term insurance +ppf+ monthly mutual funds SIP)
You'll never get trapped into negative compounding

[DarkMasterEdits-Mashups]

Kash aishi financial education wali chize har school aur College mai padhayi jaaye

[kashyap]

My father always told to not take loan in life. Live with what you have. You will stay happy all the time.

[newhappytravels]

Bhaiya you are great I will bet that our upcoming generation will learn from you than school and college

[Princemobile]

05:00
Sahi hai mujhe kisi ne kaha tha gaddha bharne ke liye gaddha nahi khodna chahiye

Matlab loan chukane ke liye loan ka kabhi sahara nahi lena chahiye

[Akash_Xavier_Rai]

My old man told me ayone who works job, shouldn't get a credit card. It adds to a liability. Anyone who relies on business should absolutely have a credit card. It adds to an asset.

[stockmarket.]

hemant sir is only youtuber who is capable of changing people's lives by educating them in systematic way in depth, hat's off to you and your efforts sir 🙏💖

[finvestomate]

Good video. Realistic at some levels! However, you have taken all the negative scenarios at once.
1. In most metropolitan cities, both partners are earning, and hence intake salary becomes somewhere around 1+1 lakhs.
2. People usually avoid taking both home loan and car loan in one go. If they are going, they usually have a lumpsum amount accumulated for prepayments or down payments.
3. Considering a scenario, where person is liable for home as well as car loan, then personal loan is not taken by these type of audience. Credit score is considered while giving any such loan, where it will be rejected in this case.

[sankkham]

In Mumbai actually only 12% people earn car. Cuz public transport is best. And most locals are crowded for those who come outside from Mumbai lile thane, virar, panvel, navi mumbai, kalyan etc.