COMPLETE Financial Planning for 20s | Money Matters Ep. 26 | Ankur Warikoo Hindi

Money Matters is a series where I have conversations with normal people such as you and I, on your personal finance issues.

It is important to note that I am NOT a financial expert, I am NOT SEBI registered, and I am NOT qualified to give financial advice.

Everything that I say in these videos is purely through my own experiences.

- So these videos do not offer any stock tips, or specific mutual fund recommendations or get-rich-quick schemes.
- I am not selling any product or service through these videos.
- None of the brands that I mention in these videos have paid me to mention them, unless I explicitly say so (and I will say if the video is sponsored).

This also means that my advice may not always be the right advice. So incase I make a mistake, the best way to correct me will be to share your point of view in the comments, so that everyone can benefit from it.

I am not perfect, nor claiming to be either and would love to learn and grow.

The idea is simply to help people with their finance journey and through their story try to help others who may have a similar story.

In this inspiring episode of Money Matters, I sit down with Criselle, a 24-year-old from Mumbai who's mastering the art of personal finance. We explore her journey from a ₹35,000 salary to generating an additional ₹12,500 through side hustles. I break down Criselle's finances, offering advice on emergency funds, health insurance, and strategic investing. Together, we discover how a simple ₹6,000 monthly SIP can potentially grow to ₹17 crores over 30 years. Whether you're just starting your career or looking to optimize your finances, our conversation offers valuable insights for building wealth, managing expenses, and planning for a secure financial future. Join us to learn practical tips that can transform your financial life!

00:00 Introduction
00:44 About Criselle
02:29 Criselle's expectations from Money Matters
05:19 Income sources
07:38 Criselle's freelancing journey
14:00 Current finances
18:35 Creating an investment plan
28:45 Future projections
33:25 Compounding and financial planning in real life
37:41 Conclusion

#FinancialPlanning #MoneyMatters #warikoo

------------------------------------------------------------------------------------------------------------------------------

My Money Apps:

The above links are for products that I personally use for my own investing. If you create an account on any of these using the above links, I stand to make a referral income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L and in 2023 we contributed 52L. DO NOT assume that these are the best products in the industry. Please do your research and let me know if you have any questions.

My bestselling books:

My gear for shooting this video:

The above links are on Amazon. If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L and in 2023 we contributed 52L.

Let’s connect online:

[warikoo]

Money Matters is a series where I have conversations with normal people such as you and I, on your personal finance issues.

It is important to note that I am NOT a financial expert, I am NOT SEBI registered, and I am NOT qualified to give financial advice.

Everything that I say in these videos is purely through my own experiences.

- So these videos do not offer any stock tips, or specific mutual fund recommendations or get-rich-quick schemes.
- I am not selling any product or service through these videos.
- None of the brands that I mention in these videos have paid me to mention them, unless I explicitly say so (and I will say if the video is sponsored).

This also means that my advice may not always be the right advice. So incase I make a mistake, the best way to correct me will be to share your point of view in the comments, so that everyone can benefit from it.

I am not perfect, nor claiming to be either and would love to learn and grow.

The idea is simply to help people with their finance journey and through their story try to help others who may have a similar story.

My Money Apps:

The above links are for products that I personally use for my own investing. If you create an account on any of these using the above links, I stand to make a referral income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L and in 2023 we contributed 52L. DO NOT assume that these are the best products in the industry. Please do your research and let me know if you have any questions.

My bestselling books:

My gear for shooting this video:

The above links are on Amazon. If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L and in 2023 we contributed 52L.

[patrickjones]

My Wife and I, both 33 with about $800k in investments, excluding home equity and rainy day funds. I've always strived to stay on top of my finances, hoping that being disciplined in my 20s would allow me/us to have more breathing room in our 40s+ But now, as life's demands intensify, we're pondering a crucial question: should we bring in a financial expert to help us maximize our wealth?

[crisellequadros]

It was a honor connecting with Ankur Sir. This was a very empowering and enlightening session. Absolutely genuine and transparent with all the information provided.❤

[deepankarchawlaofficial]

agar ye numbers nahi bhi achive hote to atleast kitne logo ne kitna kuch sikha hoga is video se BIG SALUTE FOR YOR ANKUR WARIKOO sir logo ko financial planning sikhane ke liye

[prabhatajmani]

Best part is that you adjusted this value as per inflation which actually gave a very realistic number. Special kudos to you. Please include this in your excel sheet and share it on the screen as well @warikoo ji.

[padmaoruganti]

Losing 4 lakhs towards medical expenses is something many over see, please every one must have health insurance regardless of age, after having health complications, buying health insurance will be expensive. Good episode.

[KartikeyabajpaiLex]

This is a genuine question, please respond, people.

Since the time I have started watching Shri Ankur Ji's videos on personal finance, I learnt about various SIP calculators to plan my future, How come these people he brings on follow him enough to fill his Google form to appear on these videos, but are shocked to find out the value small SIPs can create in long term. Every time!! I mean, come on guys, have you really never calculated these numbers on your own?

How is this possible? Every piece of financial wisdom he gives, that I can test myself and apply personally, I do and learn so much in the process. Why such awe? when he asks you to guess the number you will be sitting on if you remain consistent.

[Welsh_Dragon]

Actual inflation for urban class is around 9-10%. If you account for it the inflation adjusted amount after 30 years becomes around 1cr. But still equity is one the best ways to grow your money.

[saralasr]

I am a senior citizen . Love to watch ur videos. U are very crystal clear in your approach.I wish I knew you earlier. Kindly prepare a program for seniors who have missed the bus….

[avichalagrawal]

What a wholesome episode. Lots of power to Criselle

[ItsBoringChannel]

At 24 she is earning 50k approx. Kudos

[nikunjagarwal]

There is no scope of occasional expenses like relative Marriage, self B'Day celebration, gifts, donations, festival expenses, purchase of two wheeler or car, purchase of house, purchase of phone, vacation. As per my understanding these expenses are approx 20% monthly and rest 100% should not be in MF, 10-20% should be in safe investments when you need them it should avoid market crash risk.

[MarndiShubhalaxmi]

I am 20years old and I love to learn from your videos Thank you so much 😊 Ankoor Sir.

[pathanjulkarnen]

i am saying pathan julkarnen, from:Gujarat. apki Make Epic Money book reading three days complete. Very nice book sir, 10/10 🌟🌟

[hevin]

Guy's don't compare yourself with her, just focus on Excel sheet and make practical it with your numbers, everyone are different👍🏻

[chetanshukla]

Seems to be a hard working, sincere and driven girl. All the best.

[WhereFocusGoesEnergyFlows]

33:29 Very true. Don’t underestimate the power of compounding. I wish everyone understands this and experience power of compounding 😊

[abhilashpatel]

yeh banda unko hi pick karta hai, jo ki waise bhi insurance etc. walon se phas jaate. That's a good point about him.

[godisgreat]

Dear Sir, appreciate your excellent efforts to educate people for finiancial planimh ! I do started for me from 2009 and for my kids from 2014 onwards

[Scroll_withSahil]

Agar har saaal income badagi to emergency fund ko bhi to bada karna padega.

Ye calculations to aapne ajj ki age(24) ke according kiye hai 2k in large cap 2k in small cap 2k in mid cap.

Have you ever thought ki 33% investment in each of these will be safe after the age of 40.

Please make money matters more accurately it's not right to show these flashy numbers with these types of plan.