Financial Planning in Hindi

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Every human being wants to become rich and theirs only one way your financial planing will going to tell you about this so, today we going to talk about the financial planing how? we going to talk about all the strategies in detail we have to understand some principles before understanding this suppose there are two friends, the story that i have already told you suppose

There are two friends, a friend in which earns 10k per month and the one who earns 100k, doesn’t save anything and spend all the money i have also made a video on this, please do check it for calculating compound interest but the one who was earning 100k every month, how much he going to have? so this is financial planing, a way of becoming rich basically there are three

Different type of investments the first one is in the stock, the other one is shares and the last one is cash if you are earning x amount and want to invest it in saving you can put that money in saving account, or in fix deposit or you can withdraw it if you think of taking a interest from your saved money in share market, you invest the money for a long period of time you

Can see the stats of coca cola company in this photo you can see that amount of growth in coca cola shares had in past if you would have invested in the stock in the beginning or you parents would have so it better to check out that videos if you dont know about it then what you going to in that case? go for bond, fd? or you can withdraw money from bank, but i am saying

To save money in the bank next is which is really bad in our country is insurance in our country people do not like to do a insurance you may be earning alot of money but if in your family then your family gets save there via this life insurance will after you your family living of standard will worse? so do check the terms and plans and why ti is for this much of time?

If somethings happens to you then all the money is given to your family and if they put in a bank then the interest will be means if my income is rs 1 lakh and if i will put the insurance money in the bank then i will be getting the interest of rs 1 lakh per month some plans like lic you need to check both the plan but if you calculate you will be getting the return vary

Less so play smartly and understand all the terms and conditions wisely so how i will be running my home after the retirement so for this too they have a lot of plans in it,so if you are under 30 then you must have a retirement insurance this will reduce your overall costing,in flip-kart,amazon you have a debit card emi option so you need a product but you did not have a

Income for that,suppose you need a product of rs 50000 you need the 2nd one but for the alternate you are having 1st one if i am earning rs 2 lakhs a months then i could only buy a product in credit for rs 2 lakhs basically you don’t have to pay any interest for 50 days so basically if my credit card limit is rs 1 lakhs and i wanna to buy a product so the difference between

Credit and debit card is that in debit you get money from the bank and in credit you get a loan from the bank and the loan is interest free for 50 days and after that you need to pay them the interest now i did not pay them for 51 days then they will be charging me the interest for 51 days per annul so now a days you have a option of auto-debit for the 50 days you need not

To give then money for 50 days and if you keep money in bank for 50 days then you will be earning the interest of it guys has a salary of rs 20000 and there expenditure is of rs 50000,so they keeps on using the credit again and again so here they provide an option,if you have a credit of rs 25000,then you need to pay rs 5000 now and the rest in emi but strategically you

Paid rs 5000 now and paid an high interest on this means interest/12 months compounded,and you will be paying the same amount afterward and you will be charged interest on rs 95000 and if will become rs 1 lakhs again so this is how credit card works,people et attracted easily to these schemes and gets trap in a web i have a rs 1.5 lakhs limit,and i can have anything now

And this puts them in a trap and if you are in a trap then have a personal loan and you can pay them easily at 18% if someone unable to do a financial planning then do send them this video so share with your family members as they think that lic,in rs 5 lakhs you get rs 5 lakhs so do calculate the plans before having it,i am not saying lic is bad or good

Transcribed from video
Financial Planning in Hindi By Intellectual Indies