I don’t buy the logic why index fund can’t be considered as a emergency fund !! It’s my 12 months requirement ! I can liquidate it in 3 days time max !! Though it’s not fetching the required returns it’s still easily liqudatable!!
I have monthly expense of 25k, 3 years worth of fund in liquid Mutual funds(9L). My whole salary goes into buying assets now after subtracting cost of living. My mistakes in trading made me learn importance of it.
I just seen 3 videos, I subscribed it. It's more simple and very much understandable. No fancy terminology to showcase . I loved it. Thanks . Keep going 😊
Thanks for this video. Brings a lot of clarity on this important aspect, which is a life saver in these uncertain times. Very relevant too for 2023, when a global recession is expected, leading to sudden job cuts.
Thanks.....but for a salaried person, say 60 k with expenses of 50k....only 10 k per month, he would just go on accumulating emergency fund fir years...and assuming he doesn't go on any vacation during that years ... So no investments with higher returns....how to beat that? And also with each year inflation rising, EF value also needs to be increased accordingly.....so basically a never ending process unless you start 1 L per month.
If 50k are his expenses out of 60k, ideally he is living more lavishly than what the situation actually anticipates. his expenses may include many superfluous things such as weekend alcohol parties once or twice a month, high average order ticket size from Zomato Swiggy etc. Not counting home loan or car loan, as it's his own choice. But the former can be cut off to some extent and he can save 20-22k per month instead of 10. And if he is ready to pull up socks, a side income generating even 10-15k per month would make a good difference too. As we know in cities like Mumbai or Gurgaon, it's quite challenging to manage. P.S. I've been going through this situation and I also made some mistakes, so I've explained as per my understanding.
Please make a video for retired people without pensions, on how to invest their money which will take care of their regular annual expenditures, emergency requirements as well as growth of principal amount to combat inflation. Annual expenditures include regular monthly expenses, various kinds of insurances and also personal expenditures like travelling, giving gifts on social occasions, dining out, entertaining people.
your explainations are spot on. I am a student who passed and doing a job as a fresher with 25 to 30k salary but i think lot about saving money for short term goals, long term goals and for emergency. what should be my main goal.
Thank you for this useful information. Sir, please make video on " Financial Plan for 25000,30000 salary investing to generate 50 lakh/1 Cr in 10 years"
Thank you for this insightful video. Would be great if you can provide insight into how to build the required corpus amount in a SIP manner. Basically, where to park SIP amount until goal amount is achieved? From your video, I understand that the context of splitting between FD and Liquid funds is applicable once the goal amount is achieved. Am I missing something in my understanding here?
Thank you Rahul. I am not sure if you have created a detailed video of FD vs Liquid or Debt Mutual funds. It'll be great if you do. Specially after the removal of indexation benefit, need some details to compare.
Hello rahul, good information, but i want to add something, proper insurance plays important role here, suppose anyone had medical emergency and they have good cashless policy, no need to encash emergency money in 24 hours, also any middle class peopl✨now days use cedit card, u can better use them. So my opinion is make emergency fund of maximum 6 months, if u fullfill above things. Thanks
Thnku so much sir ji, I m with u to be financially free, subscribed ur channel, superb content , pls make a channel where video is same but dubbed in Hindi or other regional languages....bcoz ur content is classy , every1 will appreciate sir ji
Very Rightly and nearly explained, thank you sir. For your excellent information. And your voice and content is amazing. One of your early subscribers.
shoot a video on STP . Is it possible to have money parked in one liquid fund and do STP in Equity fund of another AMC. Personally I do STP as I get erratic return s from my business and I invest it in a liquid fund to feed the equity fund .
Thx for video. Quite useful . Can u please make video on how goal based tax efficient financial planning to b made if my monthly salary is 2 Lakh? Goals like children education , their higher studies , MarriGe , retirement , domestic as well as foreign travel buying car, home , repairing home, etc its illustrative thx ,
create an emergency fund over a period of 3 years through SIP in large cap stocks. That way down side risk is less and it has the potential to give good returns as well.
i keep my emergency fund in my icici bank money multiplier plan which is a linked fd plan so my money stays in Savings account i can withdraw it anytime and also i get 7% return on that
Hey Rahul must say quality content... recently come across your channel and already subscribed 😊... have small query that does it include medical and term insurance as well?? In that case need to increase more money in calculation you mentioned at the start of video
Here, below points are not clear... 1. For fixed diposit, if monthly I will save 10000 ,then at a time how I can keep 1lacks ? 2. For fixed diposit, for how much time should I fixed my money?
Is it right to keep emergency fund in FD 50% and 50% on FD? In case of Emergency if We have to break FD there will be some charges for that to take money before maturity. I think 10% Cash 15+15% in two different accounts and 60% on Liquid Funds.
We can also park money in ssb's which gives 7% return in savings account which is immediately available in seconds to withdraw. I see liquid Mutual funds as promotion from your side. You should put what amount you get by promoting liquid Mutual funds
Can we include PF from our earnings as an emergency fund in addition to our primary bank balance, in case our primary bank balance funds are a bit on the lower side, let's say 30% less than threshold?
What about parking some percentage in FD based credit cards as they provide on an avg 7.5% interest rate and i can swipe my card at any emergency and also not break the FD.
Which Debt Funds are giving 8%? And which one pays money in 30 minutes? Quant, PP, HDFC, ICICI, UTI are the fund horses i like to invest in. And Rahul Sir, is there any fund which can give 10% return with low risk?
If you like this video, please press like button to support my channel, thank you in advance 🙂
Also drop any questions you may have in comments :-)
I don’t buy the logic why index fund can’t be considered as a emergency fund !! It’s my 12 months requirement ! I can liquidate it in 3 days time max !! Though it’s not fetching the required returns it’s still easily liqudatable!!
Can you make video on how to link multiple investment instruments, to get maximum output/returns?
For example :
FD interest -> Mutual fund.
SIR i WANT TO GET SOME ADVICE REGARDING INVESTMENT CORPUS. KINDLY GIVE PAID SERVICE LINK
Underrated channel . Quality content Sir
The most simplistic explanation on youtube. No confusion. Clear and precise knowledge. worth a subscribe!
I have monthly expense of 25k, 3 years worth of fund in liquid Mutual funds(9L). My whole salary goes into buying assets now after subtracting cost of living. My mistakes in trading made me learn importance of it.
I just seen 3 videos, I subscribed it. It's more simple and very much understandable. No fancy terminology to showcase . I loved it. Thanks . Keep going 😊
Thanks for this video. Brings a lot of clarity on this important aspect, which is a life saver in these uncertain times. Very relevant too for 2023, when a global recession is expected, leading to sudden job cuts.
You are an eyeopener.Whenever I get doubts ...Answers pops up from you
Loved it , Now I have clarity on where to park my emergency fund and how much to park 😍. Thanks you #keepupthegoodwork
Thank you Sid for the comment. Motivates me to make more videos :-)
Thanks.....but for a salaried person, say 60 k with expenses of 50k....only 10 k per month, he would just go on accumulating emergency fund fir years...and assuming he doesn't go on any vacation during that years ...
So no investments with higher returns....how to beat that? And also with each year inflation rising, EF value also needs to be increased accordingly.....so basically a never ending process unless you start 1 L per month.
If 50k are his expenses out of 60k, ideally he is living more lavishly than what the situation actually anticipates. his expenses may include many superfluous things such as weekend alcohol parties once or twice a month, high average order ticket size from Zomato Swiggy etc. Not counting home loan or car loan, as it's his own choice. But the former can be cut off to some extent and he can save 20-22k per month instead of 10. And if he is ready to pull up socks, a side income generating even 10-15k per month would make a good difference too. As we know in cities like Mumbai or Gurgaon, it's quite challenging to manage.
P.S. I've been going through this situation and I also made some mistakes, so I've explained as per my understanding.
This is exactly what I was looking for Rahul. Coincidentally, I was looking for a framework for investing my 6 lacs. Thanks a lot !
I generate 12000 per month from my bank fixed deposit emergency fund at 7.2% pa. This 12000 is used for SIP in quant active fund..
Please make a video for retired people without pensions, on how to invest their money which will take care of their regular annual expenditures, emergency requirements as well as growth of principal amount to combat inflation. Annual expenditures include regular monthly expenses, various kinds of insurances and also personal expenditures like travelling, giving gifts on social occasions, dining out, entertaining people.
your explainations are spot on. I am a student who passed and doing a job as a fresher with 25 to 30k salary but i think lot about saving money for short term goals, long term goals and for emergency. what should be my main goal.
Excellent video, Rahul. I have got a lot of clarity now for my next steps. Joining the membership :)
Exactly the kind of video I was looking for.
I like your videos.
Simple understandable language with quality content . Keep up the great work 👍
Thank you for this useful information. Sir, please make video on " Financial Plan for 25000,30000 salary investing to generate 50 lakh/1 Cr in 10 years"
Thank you for this insightful video. Would be great if you can provide insight into how to build the required corpus amount in a SIP manner. Basically, where to park SIP amount until goal amount is achieved? From your video, I understand that the context of splitting between FD and Liquid funds is applicable once the goal amount is achieved.
Am I missing something in my understanding here?
Thank you Rahul. I am not sure if you have created a detailed video of FD vs Liquid or Debt Mutual funds. It'll be great if you do. Specially after the removal of indexation benefit, need some details to compare.
Hello rahul, good information, but i want to add something, proper insurance plays important role here, suppose anyone had medical emergency and they have good cashless policy, no need to encash emergency money in 24 hours, also any middle class peopl✨now days use cedit card, u can better use them. So my opinion is make emergency fund of maximum 6 months, if u fullfill above things. Thanks
I think saving bank account mei hi auto sweep fd jyada convenient hai.
Hare Krishna bro.
Very useful if u can explain liquid funds in details.
BAGWAN Shree Krishna Bless U
Thnku so much sir ji, I m with u to be financially free, subscribed ur channel, superb content , pls make a channel where video is same but dubbed in Hindi or other regional languages....bcoz ur content is classy , every1 will appreciate sir ji
Thank you for a great video!! I love how the words economy and ecology have the same Latin root word, eco, basically translating to home.
Very helpful information.Fantastic tips
You are a genius person. You are really great sir. Salute to you.
Very good information. Thank you
Quality and comprehensive content...
Thank you so much 🙏
Very Rightly and nearly explained, thank you sir. For your excellent information. And your voice and content is amazing. One of your early subscribers.
shoot a video on STP . Is it possible to have money parked in one liquid fund and do STP in Equity fund of another AMC.
Personally I do STP as I get erratic return s from my business and I invest it in a liquid fund to feed the equity fund .
Thanks you @Rahul for sharing things in very simple terms.
Can't we consider medical insurance as an Emergency Fund?
How do we explain expenses because it depends on person to person?
Thx for video. Quite useful . Can u please make video on how goal based tax efficient financial planning to b made if my monthly salary is 2 Lakh? Goals like children education , their higher studies , MarriGe , retirement , domestic as well as foreign travel buying car, home , repairing home, etc its illustrative thx ,
Very good suggestion 🎉 try making vedeo for seniors to generate pension income for themselves 🎉
Very good information with clear cut explanation.
Really very good essential information.
Congratulations.
Countinue to help all neede persons
I like the pace at which you expalin things. Thanks
Thank you :-)
High quality content. Really appreciate it 🎉. Are there any liquid mutual funds do you recommend? Thank you
Yes there is a full video on my channel. Thank you for your lovely comment :-)
create an emergency fund over a period of 3 years through SIP in large cap stocks. That way down side risk is less and it has the potential to give good returns as well.
Awesome video !! Thank you so much!!
You are so welcome!
Nice! Thanks for breaking it down 👍
Great video Rahul! Jai Jinendra 🙏
Rahulji thank you very useful information.
Can i invest in any small financial bank instead of choosing liquid mf and FD? If yes which small finance bank is good?
Emergency Fund is most important part of personal finance. It is the first step and it should be in cash or savings in bank account, easy it get.
i keep my emergency fund in my icici bank money multiplier plan which is a linked fd plan so my money stays in Savings account i can withdraw it anytime and also i get 7% return on that
Thanks for clarification, How to stop the on going mutual funds investment due to such emergency... And restart back?
Hey Rahul must say quality content... recently come across your channel and already subscribed 😊... have small query that does it include medical and term insurance as well?? In that case need to increase more money in calculation you mentioned at the start of video
Does pms is good to invest or mutual fund?
Only one option is to buy gold ornaments. That will only help in emergency case. Also it will beat inflation
Very nice and important topic
Thanks
How does an accident cost be levelled up with a 6 month expenditure sum???
If emergencies occur in satuday or sunday, can we liquidate it in 30 mts sir?
Really great videos!!!
Thank you Rahul ❤
I didn’t know that a younger Derek O'Brien was into financial advice 😅
Here, below points are not clear...
1. For fixed diposit, if monthly I will save 10000 ,then at a time how I can keep 1lacks ?
2. For fixed diposit, for how much time should I fixed my money?
I feel lot of things very simply explain tnx
thank you, wonderful explanation.
Useful. Great content
Great explanation
Very good content
Gold meets all the 3 criteria’s which you have defined. Can the personal gold act as Emeg fund ?
Quality content. New subscriber here. Keep doing good brother. ✋
Can you make videos on retirement planning?
Thank you so much bro for your valuable suggestion
Is it right to keep emergency fund in FD 50% and 50% on FD? In case of Emergency if We have to break FD there will be some charges for that to take money before maturity. I think 10% Cash 15+15% in two different accounts and 60% on Liquid Funds.
My 3 months expenses in liquid fund and 9 months in swing trading
Want to know if this would vary from country to country
Awesome video
We can also park money in ssb's which gives 7% return in savings account which is immediately available in seconds to withdraw. I see liquid Mutual funds as promotion from your side. You should put what amount you get by promoting liquid Mutual funds
Hello sir, I have a question:- In which category of the 50-25-25 method I should put emergency fund?
Amazing analysis and advice 🙏
Can we include PF from our earnings as an emergency fund in addition to our primary bank balance, in case our primary bank balance funds are a bit on the lower side, let's say 30% less than threshold?
What about parking some percentage in FD based credit cards as they provide on an avg 7.5% interest rate and i can swipe my card at any emergency and also not break the FD.
Thank you for the expert advice. In case of liquid funds one has to keep investing( doing transaction) every 91 days. Any insight on how to handle it
Thank you
Thank you ..great content..
I heard we should park some money in bank too, as in, in the form of cash. what about this?
Which Debt Funds are giving 8%?
And which one pays money in 30 minutes?
Quant, PP, HDFC, ICICI, UTI are the fund horses i like to invest in. And Rahul Sir, is there any fund which can give 10% return with low risk?
nifty and sf bank fd is more than 8 percent with instant withdrawal
राहुलभाई हिन्दी भाषा में भी वीडियो बनाये। समज में अच्छा रहेगा।
Very nice educative video Rahul
Most detailed video on this topic
Thank you :)
Sir can i invest in small finance bank ?
thank you sir 🎉
this is very informative video
😊Thanks a lot
rahul i want to invest in liquid funds i want your guides
Linked FD icici, you can withdraw from atm multiple of 5k
How do you make monthly FD? Initially you said invest every month for 2.5yrs but how do you do in FD?
thanks Sir very informative
Can we consider PF as Emergency fund??
Which liquid fund is suitable for Emergency fund. Will a 2 in 1 account in a bank be a suitable option for emergency purposes?
what about arbitrage funds sir?
Thank you!
Thank you sir ❤❤
Sir, can we consider credit cards as a part of our emergency funds ?
Quality content video👍🏻
thank you very much sir
Very informative video