How To Pay Off 16 LOANS and ₹70 LAKHS of DEBT?! | Money Matters Ep. 62 | 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 help a 27-year-old who's dealing with his family's overwhelming debt of ₹70 lakhs spread across multiple loans. Despite not being responsible for any of these loans himself, Siddharth has taken charge of organizing the family finances. I share my own personal story of clearing ₹40 lakhs of debt over 12 years and create a practical 3-year plan using the debt snowball method to help his family escape this crushing burden.

This episode demonstrates why tracking your finances is crucial and how having a clear strategy can help overcome even the most challenging financial situations. I outline a step-by-step approach to prioritizing which loans to pay first, consolidating family income, and creating a sustainable path toward financial freedom while avoiding harmful shortcuts. If you're dealing with debt, this roadmap will give you hope and practical guidance.

00:00 Introduction
00:23 About Siddharth
01:45 Expectations from Money Matters
02:27 Current financials
16:15 Ankur's journey with loans
20:37 Plan to pay loans
30:37 Plan after paying loans
34:30 Closing remarks

#DebtFreedom #MoneyMatters #warikoo

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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.

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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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