Newly Wed Couple Living on 22 Lakh in India| Fix Your Finance Ep. 43

Jobsurance is India’s first Income Protection Plan that provides 3 months' salary cover & exclusive placement support in case of Job Loss.

Hey guys! Welcome to another episode of Fix Your Finance. In today’s episode we meet Allan who is a system validation engineer in an American MNC. We talk about Allan's income, expenses, investments, personal and home loans and discuss the "50:30:20 rule" as well as his religious financial obligations.

Enjoy :)

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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

[aniketarora]

Anshuman bro, most of your interviews are with tech guys only, since the industry was on boom these people have got good pay and it is not that difficult to manage their finance. Bring guests from other industries also

[mistersingh]

It is same in sikhs. We take out daswandh i.e. 10% of the income which we donate for the good cause.

[sjgghosh]

This dude actually is better in finance than the interviewer 😅 He took a home loan and paying 45k pm (getting 35k from rent alone) ... That's some lucky + great investment.... Also he's earning 22lpa but bought a second hand car at 5lakh .. That's excellent choice specially as first car. . Doesn't go out a lot.. Only need some 65k pm as basic needs whereas he earns 2+ lakh pm. Damn.. And all these at an age of 27

[pratikabiswas]

he earns so much and still had to take loan for every thing. 2.5 lacs out of EPF for 5.5 second hand ridiculous

[ydd]

per month in hand hai fir bhi gadi ke 5 lakh k liye pf parents in laws ki jarurat padi….kamal hai bhai

[mayur]

The major problem I see here is that lifestyle inflation > pay growth. Better take a lean house, cut down unnecessary shopping and also reduce donation by half. Avoid loans and withdrawl from current investments.

[habatani]

Takes courage to be on TV telling your financial status.. 👍

[sarangsharma]

8:16 graphics are really good, helps us understand it even better

[aditya-garg]

27 lpa combined income, 2.25 lac in hand, how is the math possible when there is TDS and then pf contribution of employee and employer?

[adi]

He has purchased the house right at the beginning of bull run which is a great decision. Thats why his rent and emi is same and the house would also have appreciated. Essential he would have made 3-4x on his 12 lacs.

[MaydayMayo]

As someone working in the merchant navy, I must say that some shippies may not have the best grasp on money matters. However, it's worth noting that we do have the potential to earn a lot, and it's often tax-free! A video shedding light on the financial aspects of the merchant navy would be super informative and highly popular, especially with the current boom in this field. Can't wait to watch it!!!

[aditya-garg]

People need to be aware that most companies ask you to resign during a termination.
This counts as voluntary termination and wont be covered by the insurance.
One of the drawbacks of influencers promoting any product under the sun for mutual benefits.

[Surgviolinist]

If you can, do bring doctors from various ages, it would be a great insight.
Maximum Docs in india usually earn peanuts till 30yr and then it rises with age and then upto 50 its huge. So would be great insight to see the expenses and earning at 25, 30, 40, 50 yr of age of doctors

[sdnvidm]

So in a nutshell Allan was doing very well in life and Anshuman came to ruin his Honeymoon plan.. great

[nikhilsahay]

Just to remember --- Rent does not cancel out, we have to pay salary tax on rent earned but in most cases we can not deduct rent we pay (unless we have provision for HRA). So, in this case 10, 000 tax will be added as expense considering 30% tax on 35000 earned.

[palboy]

Please bring other industry people also who are earning upto 30-40 k per month so sizeable portion of country can lesrn more

[travlogger]

Q. Do you have an emergency fund to fall to?

A. Yes, my church (Mera Yasu! Yasu!) 😁😁

[soumoyadevchakraborty]

Why do make videos of people to whom 90% of the Indians can't relate too . Most Indians earn between 2-9 Lpa their whole life. So, please make those videos and show us their life and struggle and finances .

[amittripathy]

Jobinsurance is just fantastic.. jindagi me pehli baar kisi sponsored video kaam aya hai... thanks Anshuman

[Your_Financial-Guide]

@ Anshuman initially I got inferior to this guys. Just with 5 years exp he is earning like 20+ LPA having own house and all.
But as Anshuman move ahead I realised that I have to do 2 things :-
1 st :- still I need to increase my salary
2 nd :- I have smart things like I have Term insurance, personal health insurance and I have emergency fund as well.
Thank you Anshuman for your effort man.
I wanted to call you to my house but I am just worried that my rented house is not well decorated so not calling you. ❤