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

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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
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