3 Loans + 2 Credit Cards = TRAPPED! | Money Matters Ep. 91 | Ankur Warikoo Hindi

Excited to launch IGC - a nationwide search for India's brightest young minds. India Genius Challenge (IGC) is a completely free online platform where kids between 13-15 years will compete with students across India through daily quizzes on GK, logical reasoning - with daily/weekly/monthly winners receiving books, iPads and laptops! Sign up for free on https://indiageniuschallenge.com/ 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 sit down with Neha, a 28-year-old earning ₹31,500 per month but drowning in ₹2.77 lakh of debt across 3 personal loans and 2 credit cards. Her monthly expenses exceed her income by ₹5,000, and she's been taking new loans to pay off old ones. This is a situation many young professionals find themselves in, and I wanted to break down exactly how she can escape this debt trap. 00:00 About Neha 01:19 Expectations from Money Matters 02:13 Current finances 05:54 Analysing finances 08:26 Creating a plan 15:46 Questions from Neha 17:18 Closing remarks #PersonalFinance #MoneyMatters #warikoo ------------------------------------------------------------------------------------------------------------------------------ Check out Ditto for the ultimate insurance buying experience: https://ditto.sh/7u17m0 Level Up Your Skills with Coursera: Coursera Plus (Unlimited access to 7,000+ courses): https://imp.i384100.net/c/5248989/3282643/14726 Browse All Coursera Courses: https://imp.i384100.net/c/5248989/3282682/14726 My Money Apps: Indian Stock Investing (Zerodha): https://zerodha.com/open-account?c=ZMPHCY Mutual Fund Investing (Coin by Zerodha – you'll need a Zerodha account first; Coin is free): https://zerodha.com/open-account?c=ZMPHCY US Stock Investing + Investment Tracking (INDMoney): https://bit.ly/3tT5moR These are products I personally use for investing. If you sign up, I earn a referral income—100% of which goes towards educating underprivileged kids (₹38L in 2021, ₹53L in 2022, ₹56L in 2023, ₹43L in 2024). DO NOT assume these are the best products in the industry. Please do your research and let me know if you have questions. My Bestselling Books: '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: https://amzn.to/4km4ZXP These are Amazon affiliate links. If you buy through them, I earn affiliate income—100% of which goes towards educating underprivileged kids (₹38L in 2021, ₹53L in 2022, ₹56L in 2023, ₹43L in 2024). DO NOT assume these are the best products in the industry. Please do your research and let me know if you have questions. Let's Connect Online: My weekly podcast Woice with warikoo (Spotify): https://open.spotify.com/show/1g7wpoqydK6hszvi4DFywg My weekly newsletter warikoo Wanderings: https://ankurwarikoo.com/newsletter/ Instagram: https://instagram.com/ankurwarikoo Twitter: https://twitter.com/warikoo LinkedIn: https://www.linkedin.com/in/warikoo Facebook: https://www.facebook.com/awarikoo/ Daily Blog: https://ankurwarikoo.com/blog/