Name: 我如何在25歲時買下我的第一套房子併成為財務獨立的人! (How I Bought MY FIRST HOUSE and became FINANCIALLY INDEPENDENT at 25!)
Uploaded: 2021-01-14T08:20:04.000Z
Duration: 12 min 8 s
Description: 【看影片學英語】數萬部 YouTube 影片，搭配英漢字典即點即查，輕鬆掌握單字發音與用法，長久累積看電影不必再看字幕。

If your parents are like me, you have been told..

祈使句型

'Beta, get a job after graduation and stay loyal to that company until you retire.'

With this Golden Knowledge, at the age of 21, I became a Software Engineer

at an I.T company that was literally paying me peanuts.

The money was bad, salary hike was almost zero,

Every month my salary would barely survive the end of the month.

But most importantly, I needed money so that I can make my own life decisions

without having to depend on someone else.

But it will come only when we first become financially independent.

And trust me, a 9 to 7 job is not going to get you that independence.

And yet, I am the only one in my family who

And for that, you don't need to work for 10 hours everyday.

You need to make smart financial decisions.

And trust me, this is something that every girl should know.

Because, not only will it help your career

but it also changes the dynamics of the relationships you are in.

Because you will not be treated as a dependent anymore.

So girls, no matter if you are 20, 30 or 40.

By the end of this video, I will tell you

even if you have more responsibilities, low income, debt, taxes, how you can start investing now.

Because it's not about how much money you make.

But before that, if you like what I am saying,

because that will motivate me to keep making more videos.

So ladies, you can spend money on 2 things.

Liabilities are something that take money away from you.

you have to pay for it's gas, it's maintenance.

It's not making you any money. So, that's a liability.

On the other hand, assets make money for you.

For example, if you have a small apartment

and people are paying you rent every month - that's an asset.

If you write a blog, article or make a YouTube video that's generating you revenue even after

years of you creating it - that's an asset.

Mutual Funds, Stocks, even Solar Panels that you install, because

they will save you electricity in the future.

If you want to be financially independent

you need to have more assets than liabilities.

Sure you can spend money on some liabilities like an iPhone or an iPad

but before that you should first have more money coming in than going out.

So to ensure that you have more money coming in,

today we are going to discuss, different investment options available.

And by the end of this video, as a bonus, I'll also tell you

how to divide your money in these investment options

so that you get the best returns and eventually

Saving Options can be divided into 2 categories.

Short-Term (0 to 5 Years) and Long Term (5+ Years).

We are going to analyse each saving option based on 3 parameters.

1) Liquidity. Suppose you have an emergency and need money right away.

Then how soon can you get that money from that investment, is called liquidity.

2. Risk, which is the possibility that you might not get all of your money back.

3. Returns, which is how much can your money grow.

Now, the first Short-Term option to save is obviously in the form of Cash.

Any notes that you see lying around and is yours,

Cash is available whenever you want to use them,

The risk is LOW. It's not zero because somebody can still steal your cash.

Because if you leave your cash in your purse for 5 years, it's not going to grow by itself.

Fixed Deposit, is when you give the bank, a certain amount for a Fixed Period.

But at a higher interest rate than a Savings Account.

For example, SBI gives somewhere around 4% for Savings Account

but for a Fixed Deposit, it ranges anywhere between 5.75% to 6.75%.

And it depends on how long are you giving your money for.

Are you giving it for 7 Days, 6 Months, 1 Year.

Because even if you don't want to wait for those 7 days, 6 months or 1 Year

you can withdraw your money anytime you want.

Because your money is safe with the bank and the bank has to return your money back, along with interest.

Because the interest rate is around 5% to 7%.

But remember, if you withdraw your money before your Lock-Down Period then the bank

will return your money at a slightly lesser interest rate.

Now there is something called as a 'Recurring Deposit'

The only difference is, in Fixed Deposit, you put money just once.

But in Recurring Deposit, you put it every month.

For example, if you have decided on Rs. 500/-.

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我如何在25歲時買下我的第一套房子併成為財務獨立的人! (How I Bought MY FIRST HOUSE and became FINANCIALLY INDEPENDENT at 25!)

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