Managing FAMILY Finances After Business LOSS | Money Matters Ep. 51 | Ankur Warikoo Hindi

Video Description

My new book Build An Epic Career is out now! Discover 15 career tools, avoid common mistakes, and build the mindset for career success. Grab your copy here: https://amzn.to/4hdcQG2 If you wish to be part of the Money Matters series, please fill up this form: https://forms.gle/Tmbo2nUTnhn9vjpG7 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 help a 32-year-old software developer navigate the challenging situation of supporting her family after their 70-year-old hardware business failed. With a monthly salary of 25,000 rupees, she's determined to take care of her parents, aunt, and younger sister while also planning for her own future. I break down a practical financial plan that includes renting out their shop property, stopping direct financial support once rental income begins, and creating a systematic investment plan through mutual funds. The episode provides valuable insights for anyone looking to balance family responsibilities with personal financial growth, especially after a business setback. 00:00 Introduction 00:29 About the guest 05:29 Business and challenges 07:33 Current financials 17:10 Steps to solve challenges 26:26 Future projections 28:36 Closing remarks #PersonalFinance #MoneyMatters #warikoo ------------------------------------------------------------------------------------------------------------------------------ My Money Apps: Indian Stock Investing (Zerodha): https://bit.ly/3iYKROh Mutual Fund Investing (Coin by Zerodha) (You will need to create a Zerodha account for it first. Coin is free): https://bit.ly/3iYKROh US Stock Investing + Investment Tracking (INDMoney): https://bit.ly/3tT5moR How to pick the right insurance (Ditto): https://bit.ly/3xFh7OU 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: '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: 🎙 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/