27, Sole Earner, Supporting Family On ₹40,000 | Money Matters Ep. 118 | Ankur Warikoo Hindi

WebVeda is the smartest subscription for the most ambitious Indians. Check it out here: https://bit.ly/4nuuXvx India Genius Challenge is a nationwide search for the brightest young minds of India. Check it out here: https://bit.ly/indiageniuschallenge Find your perfect credit card in 60 seconds using Monzy.co. No Ads. No Spam. Check it out here: https://monzy.co/ If you wish to be part of the Money Matters series, please fill up this form: https://forms.gle/G3wwgpVjctRneyQv6 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 episode of Money Matters, I spoke with a 27-year-old from Kolkata who single-handedly supports her family of four. After her father's transport business didn't survive COVID, the entire household became dependent on her - on a school salary plus some online tuitions that together come to about ₹40,000 a month. She has no savings, no assets, no gold, no insurance, and a very real fear: if a medical emergency hit tomorrow, she wouldn't know what to do. Her question was simple and honest - how does she even begin to save when there's never anything left at the end of the month? So we worked through it in three parts. First, why the classic middle-class equation - income minus expenses equals investment — keeps people poor, and how flipping it to invest first, spend later changes everything. Second, why a family health cover should come the moment her travel loan ends. Third, at her expense level, no amount of cutting back will ever make her wealthy. Expenses have a floor, income has no ceiling. Watch till the end for the full plan. 00:00 About Kasturi 02:15 Expectations from Money Matters 04:18 Current finances 10:40 Creating a plan 18:46 Closing remarks #FinancialFreedom #MoneyMatters #warikoo ------------------------------------------------------------------------------------------------------------------------------ Apps I use for Investing: Ditto - for unbiased insurance buying experience: https://ditto.sh/7u17m0 Zerodha - for Indian Stock Investing: https://zerodha.com/open-account?c=ZM... Coin by Zerodha - for Mutual Fund Investing: https://zerodha.com/open-account?c=ZM... 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. Over 5 years we have contributed 1.96Cr in helping kids continue their education. 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: 'Winning People Without Losing Yourself': https://amzn.to/45VpDdl 'Beyond The Syllabus': https://amzn.to/3ICkIFh 'Build an EPIC Career': https://amzn.to/4kJlOfB 'Make EPIC Money': https://amzn.to/3WHJ43F ‘Get EPIC Shit Done’: https://amzn.to/4fK1IR5 ‘Do EPIC Shit’: https://amzn.to/4fK9uuv My gear for shooting this video: 🎥 Sony a7III camera: https://amzn.to/3GtfwCJ 🎬 Sony FE 24-70 f2.8 Lens: https://amzn.to/4klYm82 📹 Sony E Mount FE 24-50mm F2.8: https://amzn.to/3I6LfKy 🎙 Shure SM7B Microphone: https://amzn.to/3Tk5Ygk 🔆 Godox Fill Light 60W: https://amzn.to/4exQvmL 💡 Godox Key Light 150W: https://amzn.to/3TQau6p 📽 Benro IT15 Tripod for Sony a7III camera: https://amzn.to/4km4ZXP If you buy using the above Amazon links, I stand to make affiliate income from it and 100% of this income is contributed towards the education of kids who cannot afford it. My Social Media Handles: 📩 My weekly newsletter: https://ankurwarikoo.com/newsletter/ 📱 Instagram:   / ankurwarikoo   🐦 Twitter:   / warikoo   👨🏻‍💻 LinkedIn:   / warikoo   😄 Facebook:   / awarikoo   🖋 Daily Blog: https://ankurwarikoo.com/blog/