Living On Rs. 38 LAKH In Mumbai| Fix Your Finance Ep. 74 #fixyourfinance #personalfinance

Hello guys, welcome to another episode of Fix your Finance. In today’s episode, we meet 32 year old Bhavesh who is a software developer in Mumbai. He has been working in the IT sector since the last 11 years. In this video we talk about his income, expenses, loans and liabilities and investments.

We also talk how to manage one's EMIs and loans, calculate one's net worth and how to conduct a buy and sell analysis for a property that one owns.

and much more!

Enjoy :)

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GEARS BEHIND THE VIDEO:

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#fixyourfinance #personalfinance #moneymanagement

Disclaimer: Neither the guest nor I am a SEBI registered investment advisor. Information shared is only for educational purposes and not investment advice.

Music licensed by Epidemic Music

[alext]

The name of your channel should be Flex Your Finances

[DrKallalPramanik]

I think this generation needs to become self-aware of the fact that they might be getting into a debt trap, and that too for an asset with very poor returns. Servicing a two-crore loan on a 2.3 lakh net salary could sound like too much to handle. These individuals should open their eyes to the reality that their earnings might not continue to grow at linear rates and, in fact, could face stagnation or even worse—layoffs after 35 in the IT field.

[horserider_Aranyadeb]

Anshuman fixes finances of those who need no fixing.

[anilvaswni]

This guy is Living on Day dreams of 20%growth .Common sense and practical vision is need of Hour.

[sanjaypatil]

Avarage BSC IT guy earning 38 lacs and BE IT crying in corner 😛😛😛😛

[jyra.]

This channel has become a joke. Time to unsubscribe it.

Is it fix ur finance or flex ur fiance show? He is earning 2-3 lakh per month and 21 lakh as investments, at the same time he is moving towards occupying 2 houses + a personal rented house in which he is living.

Also, except asking about evryones personal investment, house, and all other expenses how u r fixing anyone finances? Just by telling the same thing to everyone invest this this percent into mutual fund and then open a website that automatically calculate the numbers thats it. I do this all the time all u have to do is open a website. Fill year, amount and percentage. I do this all the time 😂

[abhishekshrivastav]

Not possible income growth is very slow at high salaries. Also, he will get surcharge lowering his return and income as well. 4 lac in hand needs 8L per month salary.

[abhishekjavali]

The quality of the videos can definitely be improved. The audio of the guest was not clear and there was a sound glitch also in the end.

[mk]

20 Yr old property wouldn't grow at 4%PA

[shauryarana]

People in the comments know more about the guy's job than the person who is doing said Job for 11 years. Kaha se aate hai yeh log 😂

[FREEKAGYANfromAKSIR]

Bro u did only bsc it ...and u get such a high pay job...its actually very nice

[horserider_Aranyadeb]

If Anshuman was a builder, he would build constructed homes.

[whatever]

I don’t know how people are able to sleep at night with such humongous loans.

[roobaljindal]

I personally think he should not have taken house worth 1.6cr considering his expenses. After 2.3L inhand, he is able to save net 30k which means his monthly expenses are arround 2L, too high..

And he is taking too much risk with high liability without having much savings in case something goes wrong.

[sauravchopra]

How can his epfo fund is only 8 lakhs, if his salary is 38 lakhs and has been working for 11 years?

[subhabhaduri]

How can you not consider the Borivali flat loan as liability? He has already taken that load, though it is in subvention scheme, but ultimately he has bear the burden for the next 25 years!

[moneshkankane]

Same guest Delhi case me b tha...same age same family structure but salary from 28l to 38l??🤔

[sachinLabhade]

I am also in IT working in MNC but the reality is there is not more than 10% growth else you have to switch every couple of yrs

[akashsharma]

For those saying he earns a handsome salary- He lives in Mumbai so 38 LPA is equal to 22 LPA in a tier 2 city

[rules]

bro no offence, pr fix karne ko ha kya iske case me ???