Question: On one hand we have folks, who save, invest and build huge portfolios despite modest incomes-- on the flip side, we see millionaires and billionaires go bankrupt, why? ►40% off for a LIMITED TIME only - Business Analysis/ Management Consulting course [taught by me and an ex-McKinsey consultant]: wisdomhatch.com/management-consulting/ _______________________________________________________ ►Check out Jupiter - a neo banking app that allows you to manage your money in a smarter way: jptr.onelink.me/TOMp/m9ffyti7
i agree with everything Akshat, but i think you missed one very important thing for 30s, Insurance... get insured as early as possible, if you can do that on 20s even bette but always always plan such uncertainty if you can afford it
Hats off to you on a very mature and focused video on life’s priorities and goals from 20s to 50s though u are just 34! I am 52 and watch your videos daily for its content and as a knowledge platform. Keep it up Askshat
Hi akshat, You are doing an excellent job.TBH I have learnt more from your videos than what i learnt in my MBA.Heartfelt thanks for putting out amazing content consistently.Indebted to you forever.
Very good information. I watch your videos daily but don't comment on every video. This video forced me to comment because every word you talked about is very important than the other. The health part is so true. No matter how much money you made, you can't enjoy it without health. You covered almost everything at high level what we need in life at different parts of the life. I am in 40's and exactly doing what you suggested.
What a brilliant assessment @Akshat. Love the way you always explain the most basis yet most complex problem. I have been watching many of your videos and one thing in common in them. Your indepth assessment and its simple explanation. Keep it up man. I have learned good bits from you!
Age is just a no.it's all depend on you..at what age you want to take retirement..I'm 34 + but now I have financial freedom so I'm investing my 75 to 80 % money in stock market & some mutal funds...so that at my 50s I can do whatever I like..thank you sir for your guidance
Excellent information, I really appreciate how u have insisted to develop good habits and skills in 20s rather than saving a lot of money 20s .. because I also personally believe 20s is the time to develop skills and goods habits so that we can earn more in future and able to live a healthy life ..I also liked the fact that u have talked about health is our no 1 priority at every stage of our life and we should not continue working in a toxic culture where we just cannot live a peaceful life
Frankly in a volatile market as of now , ~12% return consistently is difficult .... My 3 cr corpus got reduced to 2.4 cr due to stock market fall. Forget beating inflation , its difficult even to protect capital in stock market as of now if we are not able to time the market .....and as it is always said its impossible to time the market .... So out of 2.4 cr , I withdrew 60 lacs and preserving it as cash as of now till FIIS stop selling , Inflation gets controlled and the next rally. So 12% return over a long period (averaged out ) may be possible but consistently 12% return may be difficult .
So true bro that why i diverted all my capital roughly around 3.3 cr towards real estate and gold since last October. Nobody can give 12 percent return in stock market for the next 2-4 years of time. I'm just trying to hedge my capital against inflation and volatility. I don't know what this guy is smoking these days but even beating inflation is actually becoming difficult let alone 12%. Lemme know how are you moving capital? Liquidity is one of the key problems I face in real estate.
Respected Sir I am 24 years old and love your content and also got benefitted in life. i request you to please make a video on minimalism as you himself mentioned it in your linkedin account that you are a minimalist it will be a great help for us 🙏🙏
The wisest thing that should be on everyone's mind currently should be to invest in different streams of income that doesn't depend on the govt. Especially with the current economic crisis around the world. This is still a good time to invest in Digital currencies (BTC,ETH...)
Success depends on the actions or steps you take to achieve it. Show me a man without investment and I’ll tell you how long it takes to go bankrupt. Investing creates a safe heaven for the future.
@@charlesstones1608 I agree with you, I had a senior colleague at work who lived well but never had an investment, unfortunately his job ended so he went from living well to surviving with his family.
Investing is a primary decision to be made for the future. If you see this and you don’t have an investment, plan to have one, so you don’t end up like my main colleague at work.
It made perfect sense, as he said for an investment, the person has to consider the rate of profit versus the rate of loss at least 2% minimum risk and also experience for you to guide and help them.
My first investment in my portfolio was in the forex market ($1,400) with Mrs Jessica operating on my behalf, the portfolio balance is currently growing 😊
Loved the video Akshat, Thanks for all the insights you continue to provide us. I have learnt a lot and loved the line where you said Skill compounding gives much better return than money compounding.
Thanks Akshat for the video, It really gave a good clarity on how to plan our carrier in our 20's. and 30's Thanks again for your effort for making such good content.
Thank you for your comment• Be sure to contact the What'sap line above for more information and consultation on investment. I have a new investment I am sure you will like to be part of..
There are 1 million people around the world including me, who will make good financial decisions now and in the future because of this youtube channel. Thanks Akshat, and congrats on reaching another milestone.
its mind-blowing that only 5% pay direct taxes in India, A Kirana shop owner in Bangalore owns Innova and pays no taxes but I am taxed at the source by the govt when I cant even afford a decent maruti car.
Your saving more money by working in foreign countries only works if the country is USA. Rest of the countries will provide similar savings to India if not not less. Also, working in USA comes with tons of visa related problems.
@@shwethap5775 even in Canada i feel you can save if you take care of your financials and you anyways don't have to spend much on kids which is huge in India. Schools are free in Canada plus for university many students take loan.
Actually middle east countries offer huge money compared to US..but only thing is here wokr culture is toxic and weather is Damn hot ..but they give huge money i see people savibg 15 lakh per month
@@harishkd1 - 15 lakhs a month is a bit too much. Might be folks with super high paying job. But i do agree that you save a lot in middle East, plus most of them do come back to India because they don't give citizenship and henceforth saving does work for them. I have done my entire schooling in middle East (Kuwait) and weather is super hot for 3-4 months max in a year.
Hi Akshat, I can never thank you enough for such thorough clear guidance that you are providing. This is such a life transforming video. I am now so very clear about what should I do next and overall with my life. Thank you so much from the bottom of my heart. You are actually so Godsome. The value and positive impact that you are trying to create is massive, esp for people like me who are from villages or sub urban towns who severely lack financial guidance. Thank You Thank You Thank You 🙏
This is the fantastic video Sir lot of confusion clear regarding financial goals... thanks for sharing this type of financial planning.... One suggestion for your videos from my side.. please put the subtitles of your videos below the video frame so we'll be able to see clear and full videos and Notice the key points of the video just a suggestion Sir...think about from the video visualisation prospective from the viewer.
Totally agreed… Return on Tax in India is nill… especially if u r a salaried person u pay direct tax without any adjustments & then after that whenever u expend u pay tax … So ultimately 40-60% of ur earning will again go to Govt (assuming u r in 30% tax bracket)
Hi Akshat, You are really doing good job. I have been watching your videos almost everyday. Without watching I am missing something. Your content is also very much similar to my thinking style. Kudos to you.
Hey.. within a minute I used to like your video. Your information is so detail and easy to understand. In every video I am getting chance to increase my vocabulary..."New words and phrases used by you" I am thankful to God for people like you are there... I am senior to you in age but I feel .... I should become like you one day... Great Economist...... Great Financial teacher... ☺️
Thank you for your comment• Be sure to contact the What'sap line above for more information and consultation on investment. I have a new investment I am sure you will like to be part of.
Hi @Akshat shrivastav if buying an expensive thing like iPhone car house for yourself bring joy and push us to do more hard work and work more with motivation. What is wrong in it . I totally respect your point mentioned by you that is the way you want to live But many have different perspectives in live .. What you will do with such huge amount of money after 40-50 . You are just transferring your wealth to your son for free and that is why you are saving like crazy . I totally respect financial independence point but like saving all money for future generations is not everyone priority. You all finance TH-camr are making crazy money enjoying life and asking other to invest all hard earned money to invest in stocks and crypto which is just wiping out wealth . Forgot about interest, capital is also not protected . In the end market doesn’t depend on us . We are betting money in things which is not controlled by us and loosing money which might have given us some pleasure if we have purchased something from it . Don’t make everyone guilty who has purchased anything from their own money which was earned by themselves
Amazing content, u r just fantabulous, so many critical points in such a practical and easy to grasp manner. Shaandaar, zabardast, zindabaad. Kudos to you akshat. U are different league altogether 🙌👏👏👏👌
Please do a video on people in 40s for wealth management for all 3 segments : a) with Assets under 2cr b) with Assets of 2-5 crs and c) with Assets over 5-20crs. And assume we still working full time.
Before watching your videos I used think a lot about F&O and scratch my head thinking about how to make a lot of money from trading. Now I have adopted simple and discipled way of investing based on basic indicators like moving averages etc, which has given me one important thing in life that is 'peace of mind' :)
Thank you for your comment• Be sure to contact the What'sap line above for more information and consultation on investment. I have a new investment I am sure you will like to be part of..
Hey Akshat. I wonder if this video is geared more towards Management Consultants or Aspirants, because the examples you give to make the base of your argument is- Have 2-3cr corpus to start with. MBA in USA and McKinsey job after that. About 1% or less in entire workforce end up getting a consulting job. Now coming to second option, don't live in metros, try to live in non metros, boss salary is a huge challenge in non metro. unless you have a WFH option (I.T, Technology, Consulting etc industries). Let's say a Real Estate Sales Manager working in Lodha/Godrej or maybe JLL, can that person go to Jaipur/Indore/Nasik etc? So it's good to hear all these points you make but RELEVANCE is not there for the other 99% people. Hoping for some relevant titles for your upcoming videos. Otherwise love your channel in general. And P. S- your engagement for this video has gone up from my side by commenting (even though I have questioned your content 😉). Cheers.
Average age of millionaire in america is 67 And i think most of the people are crorepati in india...Maybe we should focus on becoming millionaire rather than become a crorepati
In next 4-5 years I'm planning to save atleast 70 lac rupees as doing SIP's monthly and will turn 1 crore by end of 5 years. Thanks to Akshat for just letting me understand that i can also do it. When I started thinking how will I do it, o figured out a way to do it. Now just need to implement things. Excited for future 😀. I'll come after 5 years and let everyone know that I made it.
@@sonalichakraborty9396 put 1 lac per month into sip calculator for 5 years and make returns from it at 15-20%, that you can sensibly achieve if you listen to Akshat's videos and boom you're around 1 crore. It's all about the mindset like akshat says when you start thinking your brain will start giving you ideas to make money. So start thinking about it 😀
Hi Akshat, can you please guide, I have 5lakh capital to invest in share mkt i would like to invest in large cap bluechip and the company which is under nifty 50. I would like to do swing trading and would like to generate 5% of the capital every month on an average. Whether the mkt is up or down I would like to make an secondary income of 25k monthly. Is it possible I am aware that it will not be fixed amount and it is subject to mkt risk. But pls guide if possible Thanks a lot...Your big fan from Mumbai Deepak Bhattacharya.
No one tells this what to do at specific stage of life. Because time is lost cant be earned, money skills can be earned , you can make more detail videos on age wise things to do
Thanks for the insightful video Akshat. What should be the percentage of diversification of portfolio in MF, Real Estate, Liquid Funds etc according to age group? Also another question on a different thread, I would like to continue to be working after 60 years age as well. Currently I work in a European IB IT dept. The challenge is how to stay relevant.
but the withdrawl doesn't work since every year we won't get 12% returns. yes last 20 yrs nifty cagr is ~12%. but not every year it gave 12%. so it becomes a problem while withdrawing
Hi akshat. M a govt employee working for the central govt. I watch all tour daily videos and they are very insightful. However they seem to be for the individuals working with private organisations. If i may request you and if you read this comment make a video keeping the jobs and income of govt employees as a subject. It will be helpful if u can throw some light for them to become wealthy as many parameters changes in the govt jobs. Thanks in advance
Hey Akshat, nice video as always. You keep on saying build skills in your early 20s, but main question is what kind of skills? wheather it is Job orieted skills like making PPTs, Tableau, Excel etc or soft skills such as Articulation, Public speaking, Stock picking or something else. Hoping for a reply or prefferably video on this. :}
...by our fifth birthday...🤣😂😂Bdw, that point on FOMO is super legit. I wonder why nobody talks about the psychological impact of FOMO and the hustle-and-grind culture. Also, please discuss privilege when it comes to early-age financial literacy.
Hi Akshat, you have mentioned a lot of times that high commissions on mutual funds can decrease the overall corpus value, what according to you is the ideal commission that we should be looking at while exploring mutual funds?
Thank you for your comment• Be sure to contact the What'sap line above for more information and consultation on investment. I have a new investment I am sure you will like to be part of..
God!!! Not all can go to US and start working in Mckenzie. It is impossible. Hard working people, driven people and smart people can get into tier 1 firms. But all are not all the above. Most of the people can't even manage to earn jobs let alone in tier 1 companies. What about those persons who can't earn jobs or can't get into top firms? How will they earn crores? The cost of living, rent and other expenses takes so much of their income they can't afford to save much. Not all people graduate from Wharton or Standford universities. Only 4-5% can get into it. What about the rest of 95%? How should they earn crores?
Akshat saving 70% when income tax is 30% is difficult man..also you need to interview or talk with ppl post retirement and use earnings from them to inform your insights on retirement planning..what are the expenses that caught them by surprise? what they wished they did? in terms of both investment planning as well as in life in geenral?
Question: On one hand we have folks, who save, invest and build huge portfolios despite modest incomes-- on the flip side, we see millionaires and billionaires go bankrupt, why?
►40% off for a LIMITED TIME only - Business Analysis/ Management Consulting course [taught by me and an ex-McKinsey consultant]: wisdomhatch.com/management-consulting/
_______________________________________________________
►Check out Jupiter - a neo banking app that allows you to manage your money in a smarter way:
jptr.onelink.me/TOMp/m9ffyti7
Hi
i agree with everything Akshat, but i think you missed one very important thing for 30s, Insurance... get insured as early as possible, if you can do that on 20s even bette but always always plan such uncertainty if you can afford it
Akshat ji, How to reach you for paid investment portfolio guideline which I can start. I am
quite novice and want to start.
Can you please make a video on best mutual funds? To invest in .
Please make videos within the current context i.e. Markets crashing every single day. Thank you!
Hats off to you on a very mature and focused video on life’s priorities and goals from 20s to 50s though u are just 34! I am 52 and watch your videos daily for its content and as a knowledge platform. Keep it up Askshat
Hi akshat,
You are doing an excellent job.TBH I have learnt more from your videos than what i learnt in my MBA.Heartfelt thanks for putting out amazing content consistently.Indebted to you forever.
The way Akshat is expiditing to 1 million sub, We are gonna make it to 2M in next 6-7 months. Power of Compounding follows here as well👏👏
@Akshat S. ㊉①⑥⑧②⑧⓪⓪②④③⑥ wow! A scammer is here... 😂
A Big shout out to you man to make this video!! A must watch for young guys to get out of FOMO 👍🏼
@Akshat ㊉①⑤⑧②②⓪①⑨⑤⑦③ spam bot pls go away
Amazing Akshat. Gave me a lot more clarity. You truely Rock!
Since last 8 months I am expecting this video regarding milestone investment. Thanks a lot because I am on right path.
⬆️⬆️Thank you for your comment…
Be sure to contact the What’sap line above for more information and consultation on investment.
Very good information. I watch your videos daily but don't comment on every video. This video forced me to comment because every word you talked about is very important than the other. The health part is so true. No matter how much money you made, you can't enjoy it without health. You covered almost everything at high level what we need in life at different parts of the life. I am in 40's and exactly doing what you suggested.
What a brilliant assessment @Akshat. Love the way you always explain the most basis yet most complex problem. I have been watching many of your videos and one thing in common in them. Your indepth assessment and its simple explanation. Keep it up man. I have learned good bits from you!
Age is just a no.it's all depend on you..at what age you want to take retirement..I'm 34 + but now I have financial freedom so I'm investing my 75 to 80 % money in stock market & some mutal funds...so that at my 50s I can do whatever I like..thank you sir for your guidance
I am glad I found your channel while I'm only 18 😁. Also Congratulations on hitting the 1 million mark.
Congratulations Shubham...
Excellent information, I really appreciate how u have insisted to develop good habits and skills in 20s rather than saving a lot of money 20s .. because I also personally believe 20s is the time to develop skills and goods habits so that we can earn more in future and able to live a healthy life ..I also liked the fact that u have talked about health is our no 1 priority at every stage of our life and we should not continue working in a toxic culture where we just cannot live a peaceful life
Congratulations for 1 million subscribers 😊😊👍🏻👍🏻
This is a good story from psychology of money it’s almost the first chapter in the book
Frankly in a volatile market as of now , ~12% return consistently is difficult ....
My 3 cr corpus got reduced to 2.4 cr due to stock market fall.
Forget beating inflation , its difficult even to protect capital in stock market as of now if we are not able to time the market .....and as it is always said its impossible to time the market ....
So out of 2.4 cr , I withdrew 60 lacs and preserving it as cash as of now till FIIS stop selling , Inflation gets controlled and the next rally.
So 12% return over a long period (averaged out ) may be possible but consistently 12% return may be difficult .
same with me lost 12 lac in this situation...
Then don’t listen to these fin influencer fools
U already have alot of money u can retire and quit your job now 👍I wish my parents had even 1cr 😅 so I could also retire
and i m here making approx 80 to 100% per annum on my entire capital lol
So true bro that why i diverted all my capital roughly around 3.3 cr towards real estate and gold since last October.
Nobody can give 12 percent return in stock market for the next 2-4 years of time.
I'm just trying to hedge my capital against inflation and volatility.
I don't know what this guy is smoking these days but even beating inflation is actually becoming difficult let alone 12%.
Lemme know how are you moving capital?
Liquidity is one of the key problems I face in real estate.
Definitely agreed to your points but it is also very important to really understand the quality of life you lead.
Respected Sir I am 24 years old and love your content and also got benefitted in life. i request you to please make a video on minimalism as you himself mentioned it in your linkedin account that you are a minimalist it will be a great help for us 🙏🙏
The wisest thing that should be on everyone's mind currently should be to invest in different streams of income that doesn't depend on the govt. Especially with the current economic crisis around the world. This is still a good time to invest in Digital currencies (BTC,ETH...)
Success depends on the actions or steps you take to achieve it. Show me a man without investment and I’ll tell you how long it takes to go bankrupt. Investing creates a safe heaven for the future.
@@charlesstones1608 I agree with you, I had a senior colleague at work who lived well but never had an investment, unfortunately his job ended so he went from living well to surviving with his family.
Investing is a primary decision to be made for the future. If you see this and you don’t have an investment, plan to have one, so you don’t end up like my main colleague at work.
It made perfect sense, as he said for an investment, the person has to consider the rate of profit versus the rate of loss at least 2% minimum risk and also experience for you to guide and help them.
My first investment in my portfolio was in the forex market ($1,400) with Mrs Jessica operating on my behalf, the portfolio balance is currently growing 😊
Akshat you are a wellwisher and advisor to thousands of young people. Please never stop teaching.
I hit upon your channel today itself and watched some of your videos. Then came this video, it summarized all of them.
Unbelievable speed of churing out new videos!!
Great video Akshat!
I love your thought process!
Loved the video Akshat, Thanks for all the insights you continue to provide us.
I have learnt a lot and loved the line where you said Skill compounding gives much better return than money compounding.
Awesome summary of what to do and more importantly what not to do to be financially free.. kudos and thank you
thanks Akshat... great content..kaash super like option rehta..
Thank you Akshat for this wonderful and meaningful video. Your videos are really helpful.
Whatsapp✙919313870106
More valuable updates on ETH,XRP, NFT's 📊
Whatsapp✙919313870106
More updates on Crypto, XLM, BTC📊
👆👆🇮🇳🇵🇰🌎..
Thanks Akshat for the video, It really gave a good clarity on how to plan our carrier in our 20's. and 30's Thanks again for your effort for making such good content.
Man man man, everytime I get distracted,i see your video and boom, ik i have to work on my skills. Thanks man. You're changing lives now :)
Thank you for your comment•
Be sure to contact the What'sap line above for more information and consultation on investment. I have a new investment I am sure you will like to be part of..
U r near to million subscribers... Congrats for guiding for all age groups
I like how this man explains, simple steps with no accent and doesn't break into hindi.
There are 1 million people around the world including me, who will make good financial decisions now and in the future because of this youtube channel. Thanks Akshat, and congrats on reaching another milestone.
its mind-blowing that only 5% pay direct taxes in India, A Kirana shop owner in Bangalore owns Innova and pays no taxes but I am taxed at the source by the govt when I cant even afford a decent maruti car.
Thanks, Akshat. Your videos are worth watching. The way you explain and give real life examples make the content very relevant.
Your saving more money by working in foreign countries only works if the country is USA. Rest of the countries will provide similar savings to India if not not less. Also, working in USA comes with tons of visa related problems.
Also if you are working in USA, it is tough to return for many and finally whatever they earned will be sufficient for living in US.
@@shwethap5775 even in Canada i feel you can save if you take care of your financials and you anyways don't have to spend much on kids which is huge in India. Schools are free in Canada plus for university many students take loan.
@@shwethap5775 yes oy if you return you are rich else ..you are agian middle class in US..
Actually middle east countries offer huge money compared to US..but only thing is here wokr culture is toxic and weather is Damn hot ..but they give huge money i see people savibg 15 lakh per month
@@harishkd1 - 15 lakhs a month is a bit too much. Might be folks with super high paying job.
But i do agree that you save a lot in middle East, plus most of them do come back to India because they don't give citizenship and henceforth saving does work for them.
I have done my entire schooling in middle East (Kuwait) and weather is super hot for 3-4 months max in a year.
Hi Akshat, I can never thank you enough for such thorough clear guidance that you are providing. This is such a life transforming video. I am now so very clear about what should I do next and overall with my life. Thank you so much from the bottom of my heart. You are actually so Godsome. The value and positive impact that you are trying to create is massive, esp for people like me who are from villages or sub urban towns who severely lack financial guidance. Thank You Thank You Thank You 🙏
This is the fantastic video Sir lot of confusion clear regarding financial goals... thanks for sharing this type of financial planning.... One suggestion for your videos from my side.. please put the subtitles of your videos below the video frame so we'll be able to see clear and full videos and Notice the key points of the video just a suggestion Sir...think about from the video visualisation prospective from the viewer.
Keen to know your views on EKI energy services
Fantastic video. Better than any random motivation video.
Totally agreed… Return on Tax in India is nill… especially if u r a salaried person u pay direct tax without any adjustments & then after that whenever u expend u pay tax … So ultimately 40-60% of ur earning will again go to Govt (assuming u r in 30% tax bracket)
Love your Content. I was wanting this video for a long time.
Love your content, this video is a goldmine ❤️
Whatsapp✙919313870106
More valuable updates on ETH,XRP, NFT's 📊
Whatsapp✙919313870106
More updates on Crypto, XLM, BTC📊
👆👆🇮🇳🇵🇰🌎..
Hey akshat, your videos are great , i have not seen a teacher like you
Hi Akshat,
You are really doing good job.
I have been watching your videos almost everyday. Without watching I am missing something. Your content is also very much similar to my thinking style. Kudos to you.
⬆️⬆️⬆️ thanks for the comment..
Contact the What'sap line above for more information, and a new investment plan ✉️...
I always learn something new and important from each of your videos. Well done Akshat.
Great lessons
Thanks Akshat for this superb video. I learnt a lot.
Hey.. within a minute I used to like your video. Your information is so detail and easy to understand. In every video I am getting chance to increase my vocabulary..."New words and phrases used by you"
I am thankful to God for people like you are there... I am senior to you in age but I feel .... I should become like you one day... Great Economist...... Great Financial teacher... ☺️
I invest 70% of my salary for financial independence but I wont stop working because I love my work
Wat do u do
@@namithjain5137 job but good thing is i have only one stomach to feed that is only mine so i save alot of money
Don't worry Akshat, your audience is literate. You won't get hate from us. Be unfiltered 👍👍
Enjoy paragliding like this guy... OMG Akshat you had me cracking there uncontrollably!
Thank you for your comment•
Be sure to contact the What'sap line above for more information and consultation on investment. I have a new investment I am sure you will like to be part of.
Sir, will you talk and give insights on hdfc balance dividend fund idcw monthly payout or something similar MF? Is it good to invest?
Whatsapp✙919313870106
More valuable updates on ETH,XRP, NFT's 📊
Whatsapp✙919313870106
More updates on Crypto, XLM, BTC📊
👆👆🇮🇳🇵🇰🌎..
I have watsapp but not delivered to you.
I love akshat's video because he is so flexible and fluid
good one akshat!!! keep going...
Best video so far... Really appreciate your work..keep it up 👍
⬆️⬆️⬆️thanks for the comment..
Contact the What’sap line above for more information, advise and consultation..
Very valuable guidance for youngsters...excellent video
One of the best videos. Clearly told - do this, it will be good for you.
Hi @Akshat shrivastav if buying an expensive thing like iPhone car house for yourself bring joy and push us to do more hard work and work more with motivation. What is wrong in it . I totally respect your point mentioned by you that is the way you want to live But many have different perspectives in live ..
What you will do with such huge amount of money after 40-50 . You are just transferring your wealth to your son for free and that is why you are saving like crazy .
I totally respect financial independence point but like saving all money for future generations is not everyone priority.
You all finance TH-camr are making crazy money enjoying life and asking other to invest all hard earned money to invest in stocks and crypto which is just wiping out wealth . Forgot about interest, capital is also not protected . In the end market doesn’t depend on us . We are betting money in things which is not controlled by us and loosing money which might have given us some pleasure if we have purchased something from it .
Don’t make everyone guilty who has purchased anything from their own money which was earned by themselves
Good content bro.
My mind is open.
And Thanks.
Really educative more and different video than other youtubers
it's difficult to have an emergency fund X6 of your salary when you get paid less than 50k! Good to hear but so hard to execute tbh.
Amazing content, u r just fantabulous, so many critical points in such a practical and easy to grasp manner. Shaandaar, zabardast, zindabaad. Kudos to you akshat. U are different league altogether 🙌👏👏👏👌
Please do a video on people in 40s for wealth management for all 3 segments : a) with Assets under 2cr b) with Assets of 2-5 crs and c) with Assets over 5-20crs. And assume we still working full time.
Eye opening video, pls make detail milestone planning video with calculations
Before watching your videos I used think a lot about F&O and scratch my head thinking about how to make a lot of money from trading. Now I have adopted simple and discipled way of investing based on basic indicators like moving averages etc, which has given me one important thing in life that is 'peace of mind' :)
Really Useful. It's great
Thanks for the video, as usual very nice points.
Also, Congratulations on 1 million subscribers in TH-cam...!
WONDERFUL WONDERFUL VIDEO AKSHAT JI PLEASE MAKE THIS TYPE OF VIDEOS MORE AND MORE
THANKYOU
💛
I am following you from a year. And the quality of knowledge and videos growing day by day
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Excellent video
Akshat, thanks for the wonderful video! Can you please make a separate video on retirement planning?
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Hey Akshat. I wonder if this video is geared more towards Management Consultants or Aspirants, because the examples you give to make the base of your argument is- Have 2-3cr corpus to start with. MBA in USA and McKinsey job after that.
About 1% or less in entire workforce end up getting a consulting job. Now coming to second option, don't live in metros, try to live in non metros, boss salary is a huge challenge in non metro. unless you have a WFH option (I.T, Technology, Consulting etc industries). Let's say a Real Estate Sales Manager working in Lodha/Godrej or maybe JLL, can that person go to Jaipur/Indore/Nasik etc?
So it's good to hear all these points you make but RELEVANCE is not there for the other 99% people.
Hoping for some relevant titles for your upcoming videos. Otherwise love your channel in general. And P. S- your engagement for this video has gone up from my side by commenting (even though I have questioned your content 😉).
Cheers.
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Great video
Please make a video on top mutual funds
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Average age of millionaire in america is 67
And i think most of the people are crorepati in india...Maybe we should focus on becoming millionaire rather than become a crorepati
In next 4-5 years I'm planning to save atleast 70 lac rupees as doing SIP's monthly and will turn 1 crore by end of 5 years. Thanks to Akshat for just letting me understand that i can also do it. When I started thinking how will I do it, o figured out a way to do it. Now just need to implement things. Excited for future 😀. I'll come after 5 years and let everyone know that I made it.
Ok how ?
Bro can you share some insights that how you gonna make this
HUGE CAP unless you invest a big sum or take crazy risks, it is challenging
@@sonalichakraborty9396 put 1 lac per month into sip calculator for 5 years and make returns from it at 15-20%, that you can sensibly achieve if you listen to Akshat's videos and boom you're around 1 crore. It's all about the mindset like akshat says when you start thinking your brain will start giving you ideas to make money. So start thinking about it 😀
@@ajaykumar-xy6pw You say that like it's so easy. Most people don't even have 1 lakh salary
Can’t thank you enough for this prudent advice 😊🌟
Very informative video. Thank you for the video. You got new subscriber.
Weekend plan is to binge watch your videos now.
Hi Akshat, can you please guide, I have 5lakh capital to invest in share mkt i would like to invest in large cap bluechip and the company which is under nifty 50. I would like to do swing trading and would like to generate 5% of the capital every month on an average. Whether the mkt is up or down I would like to make an secondary income of 25k monthly. Is it possible I am aware that it will not be fixed amount and it is subject to mkt risk. But pls guide if possible Thanks a lot...Your big fan from Mumbai Deepak Bhattacharya.
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ur concern fr us is really inspiring,i c u as my father sir,u should get all u want sir
Thank you thank you thank you..
Finding your channel is one of the best things happened to me recently.
No one tells this what to do at specific stage of life. Because time is lost cant be earned, money skills can be earned , you can make more detail videos on age wise things to do
you are doing amazing work
Thanks for the insightful video Akshat. What should be the percentage of diversification of portfolio in MF, Real Estate, Liquid Funds etc according to age group?
Also another question on a different thread, I would like to continue to be working after 60 years age as well. Currently I work in a European IB IT dept. The challenge is how to stay relevant.
So close to 1 mil subs 😊
you're doing everyone a great service!
but the withdrawl doesn't work since every year we won't get 12% returns. yes last 20 yrs nifty cagr is ~12%. but not every year it gave 12%. so it becomes a problem while withdrawing
Congrats for 1 M 👏👏👏👏
Amazing videos brother..
Where did you get the paiting in the backgroud?? I really like it but I was not able to find on internet.. Appreciate your inputs...
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this is gold.
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Amazing content! Your educational video is really helpful.
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Hi akshat. M a govt employee working for the central govt. I watch all tour daily videos and they are very insightful. However they seem to be for the individuals working with private organisations. If i may request you and if you read this comment make a video keeping the jobs and income of govt employees as a subject. It will be helpful if u can throw some light for them to become wealthy as many parameters changes in the govt jobs. Thanks in advance
Hey Akshat, nice video as always.
You keep on saying build skills in your early 20s, but main question is what kind of skills? wheather it is Job orieted skills like making PPTs, Tableau, Excel etc or soft skills such as Articulation, Public speaking, Stock picking or something else. Hoping for a reply or prefferably video on this. :}
Nice video
I guess if one gets into a high income job at mid 20s or 30s then he can retire by 45-48 with the right financial discipline
...by our fifth birthday...🤣😂😂Bdw, that point on FOMO is super legit. I wonder why nobody talks about the psychological impact of FOMO and the hustle-and-grind culture. Also, please discuss privilege when it comes to early-age financial literacy.
Excellent Presentation Akshat...Very informative 👏 👍..God bless you
Hi Akshat, you have mentioned a lot of times that high commissions on mutual funds can decrease the overall corpus value, what according to you is the ideal commission that we should be looking at while exploring mutual funds?
Feedback appreciated
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Hi Akshat is immigrating to Canada or Australia through a PR a good option for someone who has home loans... Looking forward to your suggestions...
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God!!! Not all can go to US and start working in Mckenzie. It is impossible. Hard working people, driven people and smart people can get into tier 1 firms. But all are not all the above. Most of the people can't even manage to earn jobs let alone in tier 1 companies. What about those persons who can't earn jobs or can't get into top firms? How will they earn crores? The cost of living, rent and other expenses takes so much of their income they can't afford to save much. Not all people graduate from Wharton or Standford universities. Only 4-5% can get into it. What about the rest of 95%? How should they earn crores?
Very useful content!!
Sir plcan you tell the reason why Indiabulls housing finance stock fell? So badly?
Akshat saving 70% when income tax is 30% is difficult man..also you need to interview or talk with ppl post retirement and use earnings from them to inform your insights on retirement planning..what are the expenses that caught them by surprise? what they wished they did? in terms of both investment planning as well as in life in geenral?
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If we consider super inflation in real estate and somebody not owning any home, salaried person will be losing up 70% to tax and corruption