₹1 Lakh Loan Became ₹5 Lakh - DEBT TRAP! | Money Matters Ep. 66 | 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 Money Matters episode, I speak with a 26-year-old IT professional trapped in a devastating debt cycle. What started as a ₹1 lakh emergency loan has spiraled into ₹5 lakh debt due to irregular salary payments, family pressure, and high-interest third-party lending apps. With a ₹48,000 salary but ₹37,000 in monthly EMIs, he's caught between loyalty to his family business and financial survival.

I provide a complete debt recovery roadmap: liquidating investments to clear smaller loans, switching jobs for stable income, and creating a disciplined investment strategy. This episode reveals how quickly debt can compound at 36% interest rates and why financial independence must come before emotional obligations. Watch to learn the exact steps to break free from debt traps and build long-term wealth.

00:00 Introduction
00:37 About the guest
03:07 Current finances
09:58 Analysing current finances
11:35 Mistakes made and how to solve?
15:16 Job advice and impact
20:34 Closing remarks

#DebtFreedom #MoneyMatters #warikoo

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🎬 Sony FE 24-70 f2.8 Lens: https://amzn.to/4klYm82
📹 Sony E Mount FE 24-50mm F2.8: https://amzn.to/3I6LfKy
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📽 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.

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