₹24K Income, ₹4.5 Lakh Loan TRAP - How to SOLVE?! | Money Matters Ep. 83 | Ankur Warikoo Hindi

My latest book "Beyond The Syllabus" is written EXCLUSIVELY for teenagers. Pick it up here: https://amzn.to/3ICkIFh 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 Money Matters episode, I spoke to Kabir, a 30-year-old facing a severe financial crisis. With ₹4.5 lakh in personal loans, a monthly income of just ₹24,000, and a pregnant wife, Kabir's situation seemed hopeless. After losing his contracting job and facing personal tragedies, he was drowning in debt with EMIs totaling ₹28,000 monthly. I provided Kabir with a comprehensive debt restructuring strategy to settle his expensive personal loans at lower interest rates and longer tenure. The plan includes creating an emergency fund, maintaining monthly savings and a roadmap to build ₹70 lakh wealth over 20 years through disciplined SIP investments. This episode demonstrates how even the most challenging financial situations can be turned around with the right strategy and determination. 00:00 About Kabir 04:29 Current finances 11:44 Analysing finances and creating a plan 19:10 Closing remarks #DebtCrisis #MoneyMatters #warikoo ------------------------------------------------------------------------------------------------------------------------------ Level Up Your Skills with Coursera: Coursera Plus Subscription (Unlimited access to 7,000+ courses): https://imp.i384100.net/c/5248989/328... Browse All Coursera Courses: https://imp.i384100.net/c/5248989/328... My Money Apps: Indian Stock Investing (Zerodha): https://zerodha.com/open-account?c=ZM... Mutual Fund Investing (Coin by Zerodha) (You will need to create a Zerodha account for it first. Coin is free): https://zerodha.com/open-account?c=ZM... US Stock Investing + Investment Tracking (INDMoney): https://bit.ly/3tT5moR 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. In 2021 we contributed 38L, in 2022 we contributed 53L, in 2023 we contributed 56L and in 2024 we contributed 43L. 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: 'Beyond The Syllabus': https://amzn.to/3ICkIFh 'Build an EPIC Career': https://amzn.to/4kJlOfB 'Make EPIC Money' here: 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 The above links are on Amazon. If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L, in 2023 we contributed 56L and in 2024 we contributed 43L. 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. Let’s connect online: 🎙 Woice with warikoo (Spotify): https://open.spotify.com/show/1g7wpoq... 📩 warikoo Wanderings: https://ankurwarikoo.com/newsletter/ 📱 Instagram:   / ankurwarikoo   🐦 Twitter:   / warikoo   👨🏻‍💻 LinkedIn:   / warikoo   😄 Facebook:   / awarikoo   🖋 Daily Blog: https://ankurwarikoo.com/blog/