Should You Use Savings to Pay Off Your Loan? | Pishukkan Q&A Part 2
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- čas přidán 27. 08. 2024
- In this episode, I address several doubts from our viewers, providing detailed explanations to help everyone. Here are the main topics discussed:
Loan Repayment Strategies:
Viewer 1: Has a reasonable income to pay off the loan and is wondering whether to use savings to clear the debt and be relieved or to invest the savings and continue paying the loan EMI.
Viewer 2: Does not have savings due to paying the loan EMI and seeks advice on how to start saving.
Mutual Fund Investments:
Detailed insights and tips on investing in mutual funds effectively.
Car Purchase Dilemma:
Viewer Query: Has enough money to buy a car outright but is contemplating whether to pay in cash or invest the money in mutual funds and take a car loan, using the investment returns to pay the EMI.
Viewer Experience: Another viewer is already using this strategy, so I'll provide insights and advice for both.
Tune in to watch the video and get detailed answers to these questions. Don't forget to like, share, and subscribe for more informative content!
© Pishukkan Episode 135
#carbuyingguide #mutualfunds #payoffdebt #savingstips #emergencyfund