►Business Analysis/ Management Consulting course: taught by me and an ex-McKinsey consultant: wisdomhatch.com/management-consulting/ _______________________________________________________ ►Check out Golden Pi for bond investing: goldenpi.com/sign-up?rc=02e00496f2afe740&cid=AkshatShrivastava&AFM_AKSHAT%20SHRIVASTAVA&TH-cam&AkshatShrivastava
In excel under all three loans why have you considered interest for only one year? Should you not consider interest for total tenure of the loan. I think you considered interest only for first year in all three scenarios! Pls check again @akshat
My two cents Looks like there are other hidden expenses on marriage and kids if one is looking it only financial terms Marriage : -If partner is having a job or job potential, it's an additional income. It's really good -You got an extended family to look after(especially on festivals & medical) -Lifestyle changes, eg from 1bhk to 2bhk, Bus, to bike then to car etc -Travel, eating out, vacation all are multiplied by 2 Kids: -Education in metro cities are reaching 2lk per academic year -Birthdays, party, vacation -Medical & Insurance But if one invest in 'quality time' ,' understanding /support' and 'love' than financial matters in a family, the financial goals are easy to achieve and in return family will give back joy, love and reasoning for life.
But what happens when the market of 'love' crashes and the woman files a false dowry case against you, thereby sending both you and your parents to jail? You lose your job because of the allegations and now you have to pay alimony and maintenance after divorce.🤣😨
People should be thankful as when i was in my 20's there was a lack of such information, you would be lucky to get such info from a mentor if you are very disciplined towards learning. This is a golden age for young people they are getting the core financial knowledge at their fingertips
Average per child expense in cities comes to 2.25 lakhs per year considering fees, books,uniform, school transportation, extracurricular activities, vaccination and regular healthcare
Please add costly junk food, clothes, electronic gadgets, toys etc. It's more than 2.25 definately. You need to consider total cost of raising a child.
@@BarkaDog it's you who give their gadgets to toddlers so that you can do your work quietly while they are engaged peacefully using gadgets. When you don't wanna put the efforts playing with them , giving your time to them. This results in addiction of mobiles at a very young age.
In US and western countries there r many single moms out of Live in relationship as many man ran away after having kid's or after target is met and they don't care than . There is not worth having risk of marriage. Even Jeff Bezos billionaire is regretting marriage. Many rich r having kid's without marriage like Tusshar Kapoor, Karan Johar that's too engineered with choice of there genes. If you have money u can have kids without marrying even foreign countries can help u having surrogate kids ( there r many poor countries) See there is always risk of half of your wealth getting lost due to divorce . Or u can donate your sperm to sperm bank so ur Target is achieved by passing your gene.
After watching this video- 1) I understood I can't go for an MBA at ISB 2) I understood I need to do registry marriage 3) I understood I can't afford a child. Suck I'm so poor😵💫😵💫
Definitely agree with you Akshat, But for a middle-class Indian, taking a loan for marriage, or taking a loan for a House exhausts all his saving potential. Its really disturbing to know that I may not be able to give a good life to my kids.
Hi Akshat, Thanks a lot for this video. This is the most needed one to let our Indian parents know that getting married and having kids is not based on the age but based on the financials. Huge pressure is created on both boys and girls in the name of marriage and having kids. Parents get played by the society. The above video helps in planning a lot before taking these life framing decisions. Once again hearty thanks from the bottom of my heart.
Just my two cents on being married and having kids and a home too... This whole session seems exaggerated.... There is a clear mismatch on the expenditure and income... The expenses seems to be of upper middle class and the earnings seems to be of lower middle class...
In my opinion, making education a costly commodity doesn’t bode well on a society level and I predict millennials will start a backlash on the system that is making education a luxury good and hopefully we see a crash in fees charged by so called education institutes who has turned it into pure business.
Point to note is if you planning to go for mba full time with leaving old job behind, the salary difference (25-10=15 lacs in his example) which you make a shift post mba should consider that you lost earning for 2 years. Also the additional burden that eventually will lose is peace of mind of repaying the emi regularly
Akshat, getting married will not ensure kids. First need to make sure it's durable. In case the couple want children and unable to conceive then tey have to go for surrogacy which is very expensive. You have missed family holidays abroad / family vacations in India. Need to be a well heeled person to afford these things.
Hi Akshat, Thanks for the video. That's quite an important, relative & important milestone. Lot of students fall into the debt trap due to uninformed decision. The interest component shown in the calculation for higher education seems inaccurate( 45 lakh loan with 9% interest rate and 8 years tenure) would have around approx. 18 lakh as interest amount distributed across 8 years and not 4 lakh as shown in the video(Same is noticed for other assumptions as well). Rest kudos to the topic selected . Good luck keep making useful content for creating awareness.
*After researching the history of great assets such as real estate, dividend-paying stocks, gold, oil, and other commodities, I've come to the conclusion that most excellent assets never come down to the price you want to acquire them at, Simply get the ones you can afford right now>>*
As always, an interesting topic Akshat. But none of the estimates seem relatable to me. I mean no one from the middle class that I know of would spend 25L, 50L in a wedding. They simply can't. I guess I should not put myself in the middle class category anymore. In future, while explaining case studies like this, please provide earning potential also, so that people will get a clear idea.
Sensible points. In India, emotions and societal pressure cloud people's judgement, hence the comments by those who feel offended by the points shared by Akshat.
Very nicely explained. Any person from age of 15 years to 25 years can watch this video. He will have a great headstart the day he watches this video. Simple, sensible and thought provoking. A must watch. Again a request, please make it Hindi for millions of people in India.
Impressive, I realized that the secret to making a million is saving for a better investment.. I always tell myself you don’t need that new Aston Marti or that vacation in Hawaii just yet and that mindset helps me make more money investing. For example last year I invested 100 grand in blue chip stocks (with the help of my advisor of course) and made 450k, but guess what? I put it back and traded with her again and now I’m rounding up close to a million. Hoping to get to 2 In 6 months time..
@@nealremy6635 *Nicole Marie Beucus* is my coach, you may have come across her on a few interviews, just look her up online to get in touch with her, her details are provided online
If everyone starts saving money crazily like Akshat, then many business will crumble. You can live like Akshat only if your wife supports it. Many men including me also wanna save hell lot of money. But our wives will never allow it. It is not about who we are. What we are married to defines our financial status.
I screwed up my career by taking engineering and now being in IT when i should've studied Arts. But i am proud that i have made a good decisions of remaining a bachelor. I have peace and simplicity in my life. My wants are less and i am hoping to retire by 40 (i am 36 now). I plan to pursue my passion full time after that.
@@sandeepmortal Examples like yours are very much needed to save men from this gynocentric society which squeezes a man to only earn earn and earn to fulfil the needs to state via taxes and needs of women’s vanity.
Nice video 👌covering all the key milestone expenses (amount req.) for a middle-class or upper class persons life. However, so true that all this is possible only if you have a strong backup (your family members or partner) in order to achieve them mentally and emotionally.
I studied physiotherapy from a government college in india for less than 1.5 lakh rupess total for the full 4 years. After a few years I immigrated to Canada and after clearing my licensing exam started earning $50cad/hr. Around 60Lakhs a year. No emi for my education fees as it was very low anyway. I also have a kid Zayd 5 years now but had no medical expenses as healthcare is free in india, no expenses from my side as we get $400cad a month for his expenses until he is 18 y.o. After that he can enroll for a university in Canada at 50-65% lower fees than international students and he will get a very low interest loan for the full amount from the government. He will pay it monthly which will not amount to more than 5% of his monthly salary. Life is good and blessed 🤞
Dont marry no pressure no adjustment no pressure Just Earn invest enjoy, get new experience, travel the world help needy follow your passion live life king size
Awesome 👏, but many men are fooled by Bollywood romantic movies and believe getting a woman will make their lives better. BIGGEST mistake is to get married.
Akshat thanks man, sahi time p ye video leke aaye aap.... I was thinking about this only, since few days and it had become frustrating until I watched your vdo. Thanks again!
I screwed up my career by taking engineering and now being in IT when i should've studied Arts. But i am proud that i have made a good decisions of remaining a bachelor. I have peace and simplicity in my life. My wants are less and i am hoping to retire by 40 (i am 36 now). I plan to pursue my passion full time after that.
@@ajinkya3780 i have 20 lakhs. Plus a flat in a city that i can put on rent while i live in my Village. I plan to have a couple of income streams going like TH-cam (i do that now) and tutions (i plan to do). Also i am learning the stock market (hence subscribed to this channel) If you consider my savings then it isn't much ( i hear people talk about a crore or more of retirement savings) but i plan to take the plunge as i am not happy doing a job where my heart isn't. I am willing to take the risk. All the best to you too
@@sandeepmortal You are such a wise man. If I had my way, I would definitely follow in your footsteps. The world would be a much better place if everybody started living a simple meaningful life rather than chasing false dreams like having a high-paying job, a big house, a fancy car, and the list goes on.
@@hemanthshankarappa7550 i must say that luck helped me in this regard. I started living alone at the age of 27 onwards. That's when i got time and space to do a lot of thinking and formed these ideas that i am living my life with.
I have been married for 18 years and divorced recently. Let me tell anyone who is recently married or thinking of getting married, success of marriage is based on understanding what is responsibility- it is NOT based on love. Today most people are greedy and have very short attention spans, females typically get bored very fast and they always have options to choose from. Most couples usually get bored of each other in 2-4 years, start hating each other in 7-10 years. Most people have extra marital affairs, females will engage in false accusations, your parents life and your life will be utterly destroyed for 1-2 years till divorce is granted. I had no idea things were like this, after my friends came to know I got divorced they started asking me how to go about getting a divorce, around 70% of my friends are having marital problems and are considering divorce but are afraid since they don’t know the law at all. I would not recommend men to get married in today’s social conditions. It is really not a matter of money, it is a matter of mental peace, life and death.
Also to add, the laws are getting worse and worse for men, your wife can claim maintenance over not only your earning but also your future earnings, your ancestral property etc. As a man, can you after 4 yrs of marriage decide, I am going to take it easy and just stay at home and take care of the home? No, she will divorce you in 6 months. But the girl can quit anytime she likes. First she will make you separate from your parents, then make you take a huge emi loan for get a 4 bedroom apt, then get her parents to live in your house, then slowly as the marriage becomes sour, you will either end up giving the entire flat to her in divorce or sell it and give 1/2 of it - either way you lose 20 a 50 lakhs or more. Throughout the marriage your parents will always get 2nd rate treatment from her but will expect you to become a servant of her and her parents. Guys, if you open your eyes and just stop being in the dream world of Bollywood live stories you will see this happening all around you, amongst your friends, your own family. Please research your own truth and decide how you want to spend this precious life.
@@ronaldinojikri5682 why would you marry such a money hungry materialistic girl in the first place if you can't afford that in long term. Maybe stop going behind looks and more behind character and her wants and desires and try to understand even if it is possible for you to sustain in long term.
@@saptarshipal6743 In hind sight we can see our mistakes, but I would also add women are very good at hiding their true selves. But yes, there were signs she was having some issues which I overlooked.
I don't think, my parents (25 years ago) did so much planning. The investment plans were there like LIC me paise lagado bache badhe honge toh itne paise milenge.
Very difficult to believe the figures quoted in the video unless your target audience is someone who is living in South Mumbai, i have seen people with income ranging from 10k to 50k having 2 kids easily in a city like Mumbai, the average driver salary ranges from 12k to 40k, if you consider maids, it's even less
Great :) Just keep in mind additional expense 1. You might want two kids eventually. 2. Add marriage expenses 3. You might need bigger house. Very expensive. 4. Along with your kids, you obviously need to plan support for parents.
Thanks so much Akshat for this video. Aankhen khul gayi aur seriousness bhi pata chali. Kindly make a video on newly married couple who will be shifting to Metros like Noida, Bengaluru, Mumbai etc . Do cover all the topics from renting the place to groceries expenses. Thanks, best wishes!
Hi Akshath Great thanks Will you please one video on ISB vs IIM A,B,C on the basis of 1.ROI 2.Carrer prospects in long run 3.Which is best for working professionals It will be of great help
Dont get married, dont buy a house, dont buy a car, homeschool your child...stop living your life, just keep on investing until death. But dont forget to like and subscribe to my finance channel that asks you to invest your hard-earned money into scams like vauld and golden pi risky bonds, while I keep on churning money through ill advice with the tagline "Trying to put content that my 1-year old son- Zayn- would be proud to watch :)" oh the irony! Your audience has put you on a pedestal, more than a million people follow you. Hope your INSEAD education allows you the heart to atleast be true to your channel description!!!
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
I couldn't believe myself untill got a profit of $10,500 with an initial startup capital of $3.000 in 2 days.thank you Mrs Scott for showing transparency
PLEASE MAKE A MORE DETAILED VIDEO ON RETURN OF INVESTMENT ,AND THE SCOPE IF WE SELECT A RELATIVELY NEW INDUSTRIES LIKE COMOUTATIONAL DESIGN IN ARCHITECTURE. THANKYOU
Awesome topic... well presented too. But I must say my generation didn't have a financial plan before having kids. I just hope this generation doesnot get cold feet hearing all this.. Planning for everything is always better
Hello Akshat I am Latha. Its really inspiring to see the range of topics you talk about so confidently. I wish i got such advice 20 years ago, i am making my 18 year old daughter follow your videos so that she doesn't loose out on valuable life lessons, especially with finances. Let me come to the point Having been an editor and thereafter a teacher for almost 15 years, can't help but notice the subtitles (not only in this video) have a lot of spelling errors. Examples from today's video: garage (kharcha), 1.5 cross (crores), Rs 45 (Rs 45 lakh), NBA (MBA), Rs 49 (Rs 49 lakh), $51,000 (Rs 51,000), 25 black rupees (25 lakh), Amani (Ambani) two car (crore) rupee, purpose (corpus) twice, em eyes (EMIs), both (boast).... Keep up the good work. Good night.
Hello Akshat, have just watched your video on Candlestick stick ,It really clears meaning of Candlestick, Thank u so much Can u please share its 2nd part of it.
Kids compared to subscription service was hilarious 😂 But I must say it's heartening to see people like you sharing your two cents with the current generation, we didn't have that privilege
Thanks a lot Akshat sir for your valuable content which you are giving on TH-cam in a flawless way. I really need your guidance as I see you as one my ideal when it comes to financial planning and even in other walks of life. Looking forward to your guidance and support 🙏
I think I notice something fishy in your interest calculation. For eg. 25L loan for 6 years at 10% per annum rate doesn't just come to 27.5L. That's only 1 year interest. For 6 years it will be 15L so total will be 40L payback and not 27.5L Same with earlier isb example as well.. can you please check
Akshat, Please do a series of videos showcasing how an average retail investor can look for companies with clean accounting, how they set up succession of senior roles, analyze P/L statement and noticing discrepencies and other info to understand fundamentally strong companies that can compund our wealth.
Hi Akshat, Thank you so much for such detailed videos always, absolutely love your content. Your videos have become part of my daily routine. It would be great if you can make a video on doing MBA from Europe, Canada, and Singapore and top colleges you can choose if you want to make your future in Finance oriented roles.
Akshat bhai i hope you read this comment hm bht humble family's se belong karte hai and i wanted to go out and pursue my MBA degree from top colleges or i will give my best to pursue it in from any of the big IIMs in india but my main problem is with loans please make a vedio on what should kids like me do.
Why is the interest rate in this video calculated in wrong way, if it’s 9%, it’s per Annum not total 8 years, so he has to pay 77L not 49L with emi of 80k per month, same goes to marriage loan or any other loans..
My grand uncle, then my aunt and her cousin and now me - all single and childfree for life. Even my married cousins have chosen a childfree life. We rather contribute to saving endangered species like Rhinos and many others. The world is already too polluted for us and a living hell for the next generation.
@@gn4587 Yes buddy, we have an entire team of cook, driver, security guard and a caretaker too for my grand uncle. My aunt and her cousin are still in 40s so manage many things on their own but they would also follow the same as my grand uncle. So, nothing to worry about and his property will also go to any organization of his choice as we are not allowed to inherit to ensure that my generation happens to be the last one in the family because accumulation of wealth might lead someone think about having a child and hence we don't allow it.
![By what AGE should you become a CROREPATI? [Must know Key Investment Milestones by age]](/img/n.gif)
►Business Analysis/ Management Consulting course: taught by me and an ex-McKinsey consultant: wisdomhatch.com/management-consulting/
_______________________________________________________
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goldenpi.com/sign-up?rc=02e00496f2afe740&cid=AkshatShrivastava&AFM_AKSHAT%20SHRIVASTAVA&TH-cam&AkshatShrivastava
f&o series pls
In excel under all three loans why have you considered interest for only one year? Should you not consider interest for total tenure of the loan. I think you considered interest only for first year in all three scenarios! Pls check again @akshat
Shouldn't the formula be 50,00,000 / (50,000 * 12); the graphics 3:11 look erroneous
4:48 emi and interest calculations are way off, considering the input data.
the interest calculation seems to be SI rather than CI which is usually charged.
My two cents
Looks like there are other hidden expenses on marriage and kids if one is looking it only financial terms
Marriage :
-If partner is having a job or job potential, it's an additional income. It's really good
-You got an extended family to look after(especially on festivals & medical)
-Lifestyle changes, eg from 1bhk to 2bhk, Bus, to bike then to car etc
-Travel, eating out, vacation all are multiplied by 2
Kids:
-Education in metro cities are reaching 2lk per academic year
-Birthdays, party, vacation
-Medical & Insurance
But if one invest in 'quality time' ,' understanding /support' and 'love' than financial matters in a family, the financial goals are easy to achieve and in return family will give back joy, love and reasoning for life.
But what happens when the market of 'love' crashes and the woman files a false dowry case against you, thereby sending both you and your parents to jail? You lose your job because of the allegations and now you have to pay alimony and maintenance after divorce.🤣😨
People should be thankful as when i was in my 20's there was a lack of such information, you would be lucky to get such info from a mentor if you are very disciplined towards learning. This is a golden age for young people they are getting the core financial knowledge at their fingertips
Average per child expense in cities comes to 2.25 lakhs per year considering fees, books,uniform, school transportation, extracurricular activities, vaccination and regular healthcare
And even more in some metro cities
Please add costly junk food, clothes, electronic gadgets, toys etc. It's more than 2.25 definately. You need to consider total cost of raising a child.
@@BarkaDog it's you who give their gadgets to toddlers so that you can do your work quietly while they are engaged peacefully using gadgets. When you don't wanna put the efforts playing with them , giving your time to them.
This results in addiction of mobiles at a very young age.
In US and western countries there r many single moms out of Live in relationship as many man ran away after having kid's or after target is met and they don't care than
.
There is not worth having risk of marriage.
Even Jeff Bezos billionaire is regretting marriage.
Many rich r having kid's without marriage like Tusshar Kapoor, Karan Johar that's too engineered with choice of there genes.
If you have money u can have kids without marrying even foreign countries can help u having surrogate kids ( there r many poor countries)
See there is always risk of half of your wealth getting lost due to divorce .
Or u can donate your sperm to sperm bank so ur Target is achieved by passing your gene.
If you do
After watching this video-
1) I understood I can't go for an MBA at ISB
2) I understood I need to do registry marriage
3) I understood I can't afford a child.
Suck I'm so poor😵💫😵💫
Definitely agree with you Akshat, But for a middle-class Indian, taking a loan for marriage, or taking a loan for a House exhausts all his saving potential. Its really disturbing to know that I may not be able to give a good life to my kids.
Hi Akshat,
Thanks a lot for this video. This is the most needed one to let our Indian parents know that getting married and having kids is not based on the age but based on the financials. Huge pressure is created on both boys and girls in the name of marriage and having kids. Parents get played by the society. The above video helps in planning a lot before taking these life framing decisions. Once again hearty thanks from the bottom of my heart.
Just my two cents on being married and having kids and a home too... This whole session seems exaggerated.... There is a clear mismatch on the expenditure and income... The expenses seems to be of upper middle class and the earnings seems to be of lower middle class...
In my opinion, making education a costly commodity doesn’t bode well on a society level and I predict millennials will start a backlash on the system that is making education a luxury good and hopefully we see a crash in fees charged by so called education institutes who has turned it into pure business.
you're lucky let's talk now👆 for good
Point to note is if you planning to go for mba full time with leaving old job behind, the salary difference (25-10=15 lacs in his example) which you make a shift post mba should consider that you lost earning for 2 years. Also the additional burden that eventually will lose is peace of mind of repaying the emi regularly
"Kid is like Netflix Subscription" , Would lobe to hear Zayn reactions once he starts understanding all this 😂😂😂
😂😂
Akshat, getting married will not ensure kids. First need to make sure it's durable. In case the couple want children and unable to conceive then tey have to go for surrogacy which is very expensive. You have missed family holidays abroad / family vacations in India. Need to be a well heeled person to afford these things.
😂
Zayn is such a wannabe name ya.. i feel bad for this kid's future now. His dad is gonna teach him some dangerous shit
Yeah, many people are considering to stop "this" subscription nowadays
😂😂😂
Hi Akshat,
Thanks for the video. That's quite an important, relative & important milestone. Lot of students fall into the debt trap due to uninformed decision.
The interest component shown in the calculation for higher education seems inaccurate( 45 lakh loan with 9% interest rate and 8 years tenure) would have around approx. 18 lakh as interest amount distributed across 8 years and not 4 lakh as shown in the video(Same is noticed for other assumptions as well).
Rest kudos to the topic selected . Good luck keep making useful content for creating awareness.
Thanks for guiding the younger and middle aged generation. You are teaching financial literacy. Helping India to grow. Thanks for the video.
*After researching the history of great assets such as real estate, dividend-paying stocks, gold, oil, and other commodities, I've come to the conclusion that most excellent assets never come down to the price you want to acquire them at, Simply get the ones you can afford right now>>*
>
Very well explained!!
We surely need more videos related to career and higher education.
Thank you so much!!
Thank god someone has talked about this openly. Thanks Akshat.
One of the best and most practical video ever seen...!! Thanx man..👍👍
As always, an interesting topic Akshat. But none of the estimates seem relatable to me. I mean no one from the middle class that I know of would spend 25L, 50L in a wedding. They simply can't. I guess I should not put myself in the middle class category anymore. In future, while explaining case studies like this, please provide earning potential also, so that people will get a clear idea.
Depends on the place you live in
Sorry but they do.. I have seen it myself. 25L is very common
25L is very common in Telugu states
I agree with you.
This video is like the Bible of sensible living. I would come back to this video at different stages of my life!
Good to know that Amazon if fully backing *AMZN5X*
Sensible points. In India, emotions and societal pressure cloud people's judgement, hence the comments by those who feel offended by the points shared by Akshat.
Very nicely explained. Any person from age of 15 years to 25 years can watch this video. He will have a great headstart the day he watches this video. Simple, sensible and thought provoking. A must watch. Again a request, please make it Hindi for millions of people in India.
Impressive, I realized that the secret to making a million is saving for a better investment.. I always tell myself you don’t need that new Aston Marti or that vacation in Hawaii just yet and that mindset helps me make more money investing. For example last year I invested 100 grand in blue chip stocks (with the help of my advisor of course) and made 450k, but guess what? I put it back and traded with her again and now I’m rounding up close to a million. Hoping to get to 2 In 6 months time..
You can make good profits through trading stocks, you just need to do your home work and research
@@nealremy6635 *Nicole Marie Beucus* is my coach, you may have come across her on a few interviews, just look her up online to get in touch with her, her details are provided online
@@nealremy6635 wow scammers nice try
Fucking scammers.
If everyone starts saving money crazily like Akshat, then many business will crumble.
You can live like Akshat only if your wife supports it.
Many men including me also wanna save hell lot of money. But our wives will never allow it.
It is not about who we are. What we are married to defines our financial status.
You are right therefore I never recommend marriage to any man.
I screwed up my career by taking engineering and now being in IT when i should've studied Arts.
But i am proud that i have made a good decisions of remaining a bachelor. I have peace and simplicity in my life. My wants are less and i am hoping to retire by 40 (i am 36 now). I plan to pursue my passion full time after that.
Get divorced and stay single
@@sandeepmortal Examples like yours are very much needed to save men from this gynocentric society which squeezes a man to only earn earn and earn to fulfil the needs to state via taxes and needs of women’s vanity.
@@ronaldinojikri5682 thank you sir. Yes it is very scary if you think about it.
Such videos must be made part of syllabus for every student, if we want to have good society
Nice video 👌covering all the key milestone expenses (amount req.) for a middle-class or upper class persons life. However, so true that all this is possible only if you have a strong backup (your family members or partner) in order to achieve them mentally and emotionally.
I studied physiotherapy from a government college in india for less than 1.5 lakh rupess total for the full 4 years. After a few years I immigrated to Canada and after clearing my licensing exam started earning $50cad/hr. Around 60Lakhs a year. No emi for my education fees as it was very low anyway.
I also have a kid Zayd 5 years now but had no medical expenses as healthcare is free in india, no expenses from my side as we get $400cad a month for his expenses until he is 18 y.o.
After that he can enroll for a university in Canada at 50-65% lower fees than international students and he will get a very low interest loan for the full amount from the government. He will pay it monthly which will not amount to more than 5% of his monthly salary.
Life is good and blessed 🤞
Dont marry no pressure no adjustment no pressure
Just Earn invest enjoy, get new experience, travel the world help needy follow your passion live life king size
You will do this for next 50 yrs? Giving such statements are useless and things aren't as black and white as seem to make them.
Awesome 👏, but many men are fooled by Bollywood romantic movies and believe getting a woman will make their lives better. BIGGEST mistake is to get married.
Akshat thanks man, sahi time p ye video leke aaye aap.... I was thinking about this only, since few days and it had become frustrating until I watched your vdo. Thanks again!
I screwed up my career by taking engineering and now being in IT when i should've studied Arts.
But i am proud that i have made a good decisions of remaining a bachelor. I have peace and simplicity in my life. My wants are less and i am hoping to retire by 40 (i am 36 now). I plan to pursue my passion full time after that.
nice.
@@ajinkya3780 i have 20 lakhs. Plus a flat in a city that i can put on rent while i live in my Village. I plan to have a couple of income streams going like TH-cam (i do that now) and tutions (i plan to do). Also i am learning the stock market (hence subscribed to this channel)
If you consider my savings then it isn't much ( i hear people talk about a crore or more of retirement savings) but i plan to take the plunge as i am not happy doing a job where my heart isn't. I am willing to take the risk.
All the best to you too
@@sandeepmortal You are such a wise man. If I had my way, I would definitely follow in your footsteps. The world would be a much better place if everybody started living a simple meaningful life rather than chasing false dreams like having a high-paying job, a big house, a fancy car, and the list goes on.
And how do you plan to support yourself post 60 when you are not able to take care of yourself anymore?
@@hemanthshankarappa7550 i must say that luck helped me in this regard. I started living alone at the age of 27 onwards. That's when i got time and space to do a lot of thinking and formed these ideas that i am living my life with.
Best Video Sir. Hope Parents Understand😉😉
I have been married for 18 years and divorced recently. Let me tell anyone who is recently married or thinking of getting married, success of marriage is based on understanding what is responsibility- it is NOT based on love. Today most people are greedy and have very short attention spans, females typically get bored very fast and they always have options to choose from. Most couples usually get bored of each other in 2-4 years, start hating each other in 7-10 years. Most people have extra marital affairs, females will engage in false accusations, your parents life and your life will be utterly destroyed for 1-2 years till divorce is granted. I had no idea things were like this, after my friends came to know I got divorced they started asking me how to go about getting a divorce, around 70% of my friends are having marital problems and are considering divorce but are afraid since they don’t know the law at all. I would not recommend men to get married in today’s social conditions. It is really not a matter of money, it is a matter of mental peace, life and death.
Also to add, the laws are getting worse and worse for men, your wife can claim maintenance over not only your earning but also your future earnings, your ancestral property etc.
As a man, can you after 4 yrs of marriage decide, I am going to take it easy and just stay at home and take care of the home? No, she will divorce you in 6 months.
But the girl can quit anytime she likes. First she will make you separate from your parents, then make you take a huge emi loan for get a 4 bedroom apt, then get her parents to live in your house, then slowly as the marriage becomes sour, you will either end up giving the entire flat to her in divorce or sell it and give 1/2 of it - either way you lose 20 a 50 lakhs or more.
Throughout the marriage your parents will always get 2nd rate treatment from her but will expect you to become a servant of her and her parents.
Guys, if you open your eyes and just stop being in the dream world of Bollywood live stories you will see this happening all around you, amongst your friends, your own family.
Please research your own truth and decide how you want to spend this precious life.
@@ronaldinojikri5682 why would you marry such a money hungry materialistic girl in the first place if you can't afford that in long term. Maybe stop going behind looks and more behind character and her wants and desires and try to understand even if it is possible for you to sustain in long term.
@@saptarshipal6743 are you married?
@@saptarshipal6743 In hind sight we can see our mistakes, but I would also add women are very good at hiding their true selves. But yes, there were signs she was having some issues which I overlooked.
@@ronaldinojikri5682 so the conclusion is not to marry in 21st century ? 🤔
I don't think, my parents (25 years ago) did so much planning. The investment plans were there like LIC me paise lagado bache badhe honge toh itne paise milenge.
Very difficult to believe the figures quoted in the video unless your target audience is someone who is living in South Mumbai, i have seen people with income ranging from 10k to 50k having 2 kids easily in a city like Mumbai, the average driver salary ranges from 12k to 40k, if you consider maids, it's even less
Feed back appreciated☝️
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Great :)
Just keep in mind additional expense
1. You might want two kids eventually.
2. Add marriage expenses
3. You might need bigger house. Very expensive.
4. Along with your kids, you obviously need to plan support for parents.
I guess no one is doing this on YT... thank you so much :)
If they don't make it who else would? *AMZN5X*
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Thanks so much Akshat for this video. Aankhen khul gayi aur seriousness bhi pata chali. Kindly make a video on newly married couple who will be shifting to Metros like Noida, Bengaluru, Mumbai etc . Do cover all the topics from renting the place to groceries expenses. Thanks, best wishes!
Hi Akshath
Great thanks
Will you please one video on ISB vs IIM A,B,C on the basis of
1.ROI
2.Carrer prospects in long run
3.Which is best for working professionals
It will be of great help
Dont get married, dont buy a house, dont buy a car, homeschool your child...stop living your life, just keep on investing until death. But dont forget to like and subscribe to my finance channel that asks you to invest your hard-earned money into scams like vauld and golden pi risky bonds, while I keep on churning money through ill advice with the tagline "Trying to put content that my 1-year old son- Zayn- would be proud to watch :)" oh the irony!
Your audience has put you on a pedestal, more than a million people follow you. Hope your INSEAD education allows you the heart to atleast be true to your channel description!!!
🤣🤣🤣🤣laughed my assoff
😂😂😂😂
What a topic you have chosen! Great content that everyone can understand and relate to 👏👏
Feedback appreciated❤️👆👆
Let's get in touch on what'sapp
For more interesting insights
And to build a good portfolio✨
04:19 The calculation is wrong. The EMI would be around 65k for 45lac loan @9%, for 8yr. Just clarifying.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
I couldn't believe myself untill got a profit of $10,500 with an initial startup capital of $3.000 in 2 days.thank you Mrs Scott for showing transparency
Superb video as always! God bless!
⬆️⬆️Reach me with the watsapp line above for more information ,guidance and for available investments. Thanks for the feedback.
No youtuber make such videos to enlighten us...doin good job...👍
PLEASE MAKE A MORE DETAILED VIDEO ON RETURN OF INVESTMENT ,AND THE SCOPE IF WE SELECT A RELATIVELY NEW INDUSTRIES LIKE COMOUTATIONAL DESIGN IN ARCHITECTURE.
THANKYOU
Smartest campaign ever that *AMZN5X*
Take this for a better offer 🖕
Awesome topic... well presented too. But I must say my generation didn't have a financial plan before having kids. I just hope this generation doesnot get cold feet hearing all this.. Planning for everything is always better
Pls make details for MBA. Thanks Akshat🙏
Hello Akshat
I am Latha. Its really inspiring to see the range of topics you talk about so confidently. I wish i got such advice 20 years ago, i am making my 18 year old daughter follow your videos so that she doesn't loose out on valuable life lessons, especially with finances.
Let me come to the point
Having been an editor and thereafter a teacher for almost 15 years, can't help but notice the subtitles (not only in this video) have a lot of spelling errors. Examples from today's video:
garage (kharcha), 1.5 cross (crores), Rs 45 (Rs 45 lakh), NBA (MBA), Rs 49 (Rs 49 lakh), $51,000 (Rs 51,000), 25 black rupees (25 lakh), Amani (Ambani) two car (crore) rupee, purpose (corpus) twice, em eyes (EMIs), both (boast)....
Keep up the good work.
Good night.
Hello Akshat, have just watched your video on Candlestick stick ,It really clears meaning of Candlestick, Thank u so much Can u please share its 2nd part of it.
Kids compared to subscription service was hilarious 😂
But I must say it's heartening to see people like you sharing your two cents with the current generation, we didn't have that privilege
People need to stop a ask "Why" before going ahead with Marriage
Please take care of the scammers in the chat
Sadly cant do anything. Every financial channels has these stupid bots. They keep popping up.
You're the elder brother i always needed! 😍
I want to show this video to my parents. I don't want to get married and they force me always.
Thanks a lot Akshat sir for your valuable content which you are giving on TH-cam in a flawless way. I really need your guidance as I see you as one my ideal when it comes to financial planning and even in other walks of life. Looking forward to your guidance and support 🙏
Imagine, you are still paying off marriage loan. And circumstances get to divorce your partner. 🤯
I think I notice something fishy in your interest calculation. For eg. 25L loan for 6 years at 10% per annum rate doesn't just come to 27.5L. That's only 1 year interest. For 6 years it will be 15L so total will be 40L payback and not 27.5L
Same with earlier isb example as well.. can you please check
Akshat bhai...u give us so much clarity. Thank you.
Sir you are having very good understanding of financial freedom
I remember what chandler mentioned in FRIENDS 20 yrs back...
Lol. Finding someone is difficult and on top of it kids . Epic line 😎
Please make a Video fir tier 2/3 student sir, to be successful in life, some roadmap for them
More videos on higher education please!
Akshat,
Please do a series of videos showcasing how an average retail investor can look for companies with clean accounting, how they set up succession of senior roles, analyze P/L statement and noticing discrepencies and other info to understand fundamentally strong companies that can compund our wealth.
I wish there were more men like you in the dating market…
Hi Akshat,
Thank you so much for such detailed videos always, absolutely love your content. Your videos have become part of my daily routine. It would be great if you can make a video on doing MBA from Europe, Canada, and Singapore and top colleges you can choose if you want to make your future in Finance oriented roles.
12:08 Having a kid is like buying Netflix subscription 😂😂..... Epic 😂
Really appreciate the topics ur handling and also d practicality and ur logic is commendable...thks fr thia
I was only holding and now it's worth it cus *AMZN5X*
Haan aapas mein hi karlo sab
Sir pls make a separate indepth video on all three topics
Please make an extensive video on Higher education. It'll be very helpful!!
Thanks for this eye-opening video Akshat
That's the price of lust folks. Choose wisely.
Another important milestone is owing one own home which should have been taken into account.
Amazing video Akshat, with a touch of humor! 😅
Akshat bhai i hope you read this comment hm bht humble family's se belong karte hai and i wanted to go out and pursue my MBA degree from top colleges or i will give my best to pursue it in from any of the big IIMs in india but my main problem is with loans please make a vedio on what should kids like me do.
⬆️⬆️Reach me with the watsapp line above for more information ,guidance and for available investments. Thanks for the feedback.
Mujhe toh waise bhi umeed thi ki meri shadi nahi hone waali .. Ab mai karunga bhi nhi
THE BEST LINE : FIRST, I AM NOT ABLE TO FIND SOMEONE TO MARRY
Hi Akshat,
Can you please make a detailed video on PPP as well as salary comparison on India with other countries?
If you spend money without showoff, you can easily manage events in your life.
I didn't believe that first but this has huge impact *AMZN5X*
This video will be super useful after 8-10 years for me
One of the best videos..thank you
NO शादी NO कोर्ट NO औरत 🙏
Nice video Akshat . Plz make a video on best college to do a MBA from it will really be helpful for teenagers
Hi Akshat, I really like the last part of your dialogue about children 😊
Why is the interest rate in this video calculated in wrong way, if it’s 9%, it’s per Annum not total 8 years, so he has to pay 77L not 49L with emi of 80k per month, same goes to marriage loan or any other loans..
You didn't consider inflation in any of the calculations..
Akshat please make. Video on renting a house in city vs suburban
Akshat Sir, please make a detailed video on study abroad keeping in mind US as the study destination.
Hi Akshat
Can you please share the screener that you use on Android and Windows. There are too many apps and in windows
Thank you
Veryy good content
Keep it up ☺️
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Starts from 9:05
Kids are like a subscription service! 🤣 True words!
Plz make video on 1 year mba specially isb , it would be good for working experience
My grand uncle, then my aunt and her cousin and now me - all single and childfree for life.
Even my married cousins have chosen a childfree life.
We rather contribute to saving endangered species like Rhinos and many others.
The world is already too polluted for us and a living hell for the next generation.
Feedback appreciated
Let's get in touch on what'sapp
For more interesting insights
And to build a good portfolio…..
Wow dude! Lots of love and courage to you and your family
Lol, your parents must be delusional to choose otherwise, unlike your holistic family tradition.
How do you take care of yourself at old age? Will servants be enough?
@@gn4587 Yes buddy, we have an entire team of cook, driver, security guard and a caretaker too for my grand uncle. My aunt and her cousin are still in 40s so manage many things on their own but they would also follow the same as my grand uncle.
So, nothing to worry about and his property will also go to any organization of his choice as we are not allowed to inherit to ensure that my generation happens to be the last one in the family because accumulation of wealth might lead someone think about having a child and hence we don't allow it.
Excellent topic and the explanation 👏 👍 👌