The Best Financial Plan 2024 I Step by Step Guide

In this video, we will discuss how to create a financial plan based on your salary. I will provide a simple, step-by-step guide to help you understand and manage your finances effectively.

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Chapters

00:00 Introduction
02:39 Step 1: To pay off your liabilities
04:11 Step 2: Follow the 50:20:30 rule
09:00 Step 3: To have an Emergency Fund
09:28 Step 4: Plan a Retirement
09:38 Step 5: Goal Planning
12:00 Conclusion

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🎥 Video Edited by Ayush Verma
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Get in Touch:
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[NicholasBall]

My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

[RobertGorin]

Appreciate your videos! I’m 54 and younger generations should know there’s no shortcut to acquiring wealth, but there are ways to go about it. Fellow millionaires don’t tell the poor/middle class they need the knowledge of finance coaches to help build their wealth. If anyone here needs a good coach, here’s it..

[BrewerVera]

Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets.

[SherrodHall-q]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[MarinaMary-ichf]

However, working with a qualified financial advisor can help you make informed investment decisions and increase your chances of achieving your financial goals.

[Kathy-qd]

Things appear strange right now. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. As someone with retirement funds I'm concerned about the impact of inflation on my savings, I hit $31k today, I am truly grateful for all the knowledge and nuggets you have given me over the past few months started with $11k in few weeks.

[dhams]

You are one of the best finance YouTuber forever❤

[maheshsaste]

1)Pay Off Liabilities
2) No EMI should be Greater than 30%
3)50:20:30
50--Needs Essential Loans n Things
20--Investment saving Wants
30--Wants

Term Insurance
Health Insurance
6 month Spending Fund Auto sweep or FD with liquidity

4) Retirement Planning
5) Goal Planning
Sovereign Gold Bonds
6) Long Goal Planning - More than 5 yrs Invest in MF
7) Invest In Direct Stock or Real Estate

[Suresh-rntr]

A guy who has gone thru lots of up's and down's and is a trustworthy person as per me. Love you Pranjal. The truth is seen when you propose..love you.. keep it going..wish you all the success

[Decoloniality_Bharat]

I am college student and my internship stipend 6000/ month.

5000 :- Index Fund & Mutul Fund
1000 :- buying books and whatever i want for my self growth.😊

[CharlseSolomon]

Stock is the oldest online market we have, we employed it because of the highest quality of services it renders and how successful it is. Today we say cryptocurrency too, all I'm saying us that people should also invest in crypto. It would be helpful.

[privacymatters--]

actually 30% jise aap wants kah rahe ho, wo nirmala sitaraman ka wants (tax) hai bhaiya.

[saikatmahapatra]

One of my favorite financial guidance person..thank you pranjal bhai..❤💙

[surajganebailkar]

Hello sir,
Mai apka starting journey partner hu sir..
U are really great man..
Aap such mai mere financial and being good human wale3 teacher ho..❤❤❤

[harishvkyy]

I am from Bhilai working in Indian Railways reading your book Investonomy. THANKS 😊 for helping us.

[pradeepkrmahato]

सर आपका वीडियो बहुत ही कम आता है, लेकिन जब भी आता है, बहुत ही लाजवाब रहता है, आप बहुत ही सुन्दर तरीके से setp बाय स्टेप समझाते हैं आपको तहे दिल से धन्यवाद सर ❤❤🎉🎉

[mantoshkumar]

You are great because like a parent you give us financial advice and save us from going on the wrong path.❤

[yashwantpatel]

First time I have seen Pranjal sir on Full shirt .Looking Dashing

[powerof]

चार महीने पहले मैं आपकी बहुत ही ज्यादा वीडियो देखता था, आज बिंदास इंनवेस्टर हूँ, फंडामेंटल को बहुत अच्छे से समझ चुका हूँ। थैंक्स❤❤❤❤

[khitesh]

Loved your content man. Precise and clear.:)