►LAST FEW SEATS LEFT for my stock market and cryptocurrency course [Starting 17th June, 2022] Enrol today: wisdomhatch.com/finance/ _______________________________________________________ ► Have trouble filing your taxes? Do check out taxbuddy and also avail 35% discount on the services sought: filemyreturns.taxbuddy.com/akshat
aree akshat bhaijaan maja hi aagaya aapke videos dekhke , aapko tu matlab finance ministry mein hona chahiye . your videos are just so good that i gotta remember warren buffett every time i see you.
6 things to Takeaway:- 1)Have a Broad mindset 2)Attend Social Meet-up or Business Conference 3) Don't get a habit of buying everything in EMI. If u can buy it twice, you are good to buy. 4) Don't Take Loans .. Expect take it when it creates cash flows 5) Buy Commercial property than residential property 6) Avoid Loans during your 20's. hope this helps..
@@nehasemwal6070 One can take any loan in their 20s provided they are safe to pay the emi on time, by having enough salary balance after expenses, or having some other type of cash flow ( interests from investments) .
THANKS. Just what I needed to watch. My husband and I are administrators of our farming business and our own properties, as well as small pensions. I am almost 56, my Wife is 52. We have started saving for retirement from the farm and maybe live off rental income, I would really appreciate it if you would do a video on how to earn passive income online and retire comfortably let's say 1 million bucks.
@Lloyd Bernard It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your timing.
@@roseroland1998 I totally agree, I'm 50 and just retired with about 1.2 million in outside retirement funds, no debt and very small dollars in retirement funds compared to my balance of portfolio over the past 3 years to date. tbh, the role of the invt-advisor can only be overlooked, not denied. just do your research to find a reputable one.
@@Curbalnk My Financial Advisor is KAITLIN ROSE STERNBERG. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
@@anthonyrussell5718 Kaitlin Rose Sternberg appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
Few things which can help you come out of middle class trap are : 1.Opting for simple wedding . 2. Spending 33% of your time with people with abundant mindset. 3.Perceive money as an instrument rather than the end goal. 4. Learn more about the money 💰 markets . 5.Start investing in diverse options. Enjoy your life .
I actually loved to take loans... but within my means and with certain backup.. The advantage of enjoying, say, an AC or a laptop today compared to 2 years later, is much higher and offered me more value. The happiness of enjoying 2 extra years in a car with my family offers a whole lot of value. After all, is just one life. But yes, I will never take loan for secund home, secund car or stock market or vacations etc..
And what happens if some untoward incident happens after you take the loan? If your family doesn’t know about the loan, then the bank will start harassing for default payment.
@@prakashth Take loan when you can payout that loan in 3 months, also for big loans to protect your family, take loan insurance and your family will be spared.
@Prakash T You can insure any type of loan. In case of death, entire Loan is paid off by insurer. So now you get peace of mind plus get to enjoy "that" car or laptop 😄
Nice content! Few years back i was assistant to a wealthy pen artist and within the short period i worked with him i observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this i learned that the rich stay rich by investing.
i agree with this but the problem now is getting to make the right investments, Lots of people tend to lose their money while investing thereby making them lose interest and also end up discouraging other individuals around them.
I think the major challenges investors face may range from controlling impulsiveness to the frail of compulsion. Most newbies and would-be investors often undermine and most often neglect the importance of technical analysis with regards to investing. Technical analysis overly predicts the movement of asset prices regardless of what is happening in the wider or broader market. Essentially, the process involves studying the paths of a particular asset movement in the past so as to establish a sustainable pattern that can be used to predict future movements or better still get an investment advisor who'd guide you and help you manage your portfolio just like my boss back then, He was working with an IA Edmund John Brock and i would bet he still does. I can boldly recommend him because i've witnessed his performance first hand. He's the real deal.
Congratulations Akshat. You always seem to amaze me. EMI or full payment, avoiding impulse buying, getting out of comfort zone, taking risks and expanding skillset. Wonderful points. JUST ONE POINT. TAKING ACTION IS THE MOST IMPORTANT SO VIEWERS GO FOR IT.
You seem to be praising this gent to such heights! Wonder why? As BULK of his talk is nothing but waffle and BIG talk!! Most economic courses teach this financial analysis.. it’s nothing new!
@@1354pjnot everyone takes economic courses, nor has the time to. If what you're saying is true then he has boiled down economic analysis into easy understandable points for almost every kind of audience
The real way to get rich is not by investing but earning hefty through business and job but investment help in wealth preservation and increment - this is my view
I absolutely agree with you. That's the most accurate concept. Stock is for future. It's just a better option than a bank to keep money. Bank is for loan against your job and property. And your happiness and continuity lies on jobs a.nd buisness you do.👍👍
Great video. But the thing about taking debt only to create cashflows is.. Defining cashflow becomes difficult if the investment is long term. Buying a property to stay might potentially be creating net positive cashflow if we also consider the rent that is either prevented/ rent obtained. Even if the monthly EMI is more than the rent, the interest part of that EMI is the thing that should matter in the cashflow computation, as the property retains some value. And even if the interest part of the EMI breaches the rent, it still might be net positive if the plan is to stay in the house for long well after repayment. And i didnt even talk about non financial benefits of the investment. The stability of a family living in a owned house if undisputably a lot greater than one renting it. But on the flip side, the property might become a elastic band which keeps pulling us back from taking risk related to stuff like work location. So i have to say i dont agree with your point that " buying a house for living is a bad idea financially ", as i think it depends on a lot of factors and such a blanket statement hides the complexity.
1) EMI schemes from financial institutions usually come with a target which requires the shop to bring in certain number of EMIs per month. My friend's shop has had a similar issue where the EMI scheme was pulled since they didnt meet the quota. 2) The shops would receive the whole amount within a couple of weeks from the purchase( not sure about the timeframe, but shops do receive full amount less some service charges)
Initially I was not admiring you but I see many of your videos and now I must confess that you are doing good for the greater class. Kudos to you.... I am proud of you
Thanks for the update. Same thing happened to me also. I was booking International air ticket from Make my trip and they offered me flat Rs 1200 discount, if I buy on EMI through a particular credit Card. I bought through EMI and ended up paying lot of amount including processing charges and taxes etc. Great Video Sir. ❤️
Akshat, recently I also bought an AC and was offered EMI payment option with a net discount price. I couldn't understand the logic, I wanted to pay in full but because of the discount I ended up taking EMI option. You very well explained the logic. Thanks. I enjoy watching your videos. Especially this one. Take away point for me was to not have a transactional mindset. I applaud you for your work and want to learn more from you.
Hello @Akshat Shrivastava, I noticed a small correction (9:00) that needs to be made regarding loans. When a borrower takes out a loan, the money they receive is not printed money. Only the Reserve Bank of India (RBI) can print money, and it does so when the government issues G-Sec or T-Bills. Instead, the money that borrowers receive comes from the deposits made by account holders in their bank accounts. Banks offer low interest rates, typically around 3-4% for savings accounts and 5-6% for fixed deposits, while charging higher interest rates of 7 to 15% on loans. In a developing country like India, the government must borrow a lot of money to invest in infrastructure and reduce its fiscal deficit. This can lead to inflation and a decrease in the purchasing power of money over time.
Similar thing i follow before making any major buying decision is to make sure to have double the amount in savings account, and then invest in equities.(an amount equal to purchase price)
Thankyou I am 18 yrs old and have been reading some self help books and now i found your wonderful channel I have binged watched several video and they were eye opening .
You Are An Excellent Motivator; for Senior Citizens Like Me. I have started understanding the mistakes I had done in my formative age. Now on neutral gear
Akshat, why didn't you make this video few months back..at that time I was struggling to make a decision that comes with a risk... Finally I ended up being in comfort zone without taking risk.... Now iam repenting 😔. Anyways thanks for opening my eyes
I have been watching Akshat 's videos and it has helped me to be financially wise. I request that the video leng be kept under 10 minutes, including value statements. That will keep our attention more focused
I saw you in my dream yesterday. I promised you I would stop procrastinating and start my investing journey soon. I was also happy because I read somewhere about the power of compounding and how inverting early is more important than investing more.
Getting loans does not ensure free cash flow... unless and until the business/ real estate ( the property on which the amount had been invested ) generates the necessary amount to support the EMIs and generates the extra for free cash flow... I think financially independent is a necessary object rather than switching to higher from middle...
Anyone can achieve financial freedom, you just need a positive mindset and the right information. For me it was those things that guided me on my way to financial freedom. The moment I realized that investing in multiple assets is better than putting all my money into savings or unnecessary expenses, I began my journey to financial freedom. Investing is the easiest path to financial freedom. Most investors who take unnecessary losses is because they do not have proper investment management to begin with. Having a proper investment management plan is important, when I hired an investment professional to manage my investments, that’s when my income from all my investments became consistent.
Of course, Investment management is very important for successful investments. That is why many investment videos emphasize the importance of getting a financial advisor at the beginning of your investment journey.
It's absolutely baseless statement "When I take 1Cr debt, the new money printed and making less valuable the existing". The money doesn't get printed when I took loan, it's purely based on country economic health (like GDP, reserves etc) and it decided by RBI how much money as a %of GDP should be printed.
But what about taking a debt to buy a house to live in ? Isn’t that a fundamental necessity? Or staying on rent perpetually is the only way to go. I would love to hear opinions on this. Reference: if you’re staying in a Major Metro
Cool insight, I appreciate an opportunity to get such knowledge on how to get rich, I look forward to trading bitcoin and making it an alternative source of income.
Speaking of crypto trading. It's the best business in the world right now, I know a couple of friends who make a whole lot of money trading the crypto market.
Successful trading requires basic knowledge most time and good experience to carry out the right investment plan. If you know how to trade you can make a ton of money no matter where you find yourself.
@Cain Havens Something similar happened to me but I didn't lose money. I traded with nothing to show for it until contacted a pro who trades for me and return profits.
There< seem to be an increasing number of beginners who are yet to fully grasp the knowledge of trading well. Always use a trading plan. Every day, there are several news events and economic releases that can provide trading opportunities. You can follow crucial news announcements by monitoring our economic calendar.
@Cain Havens I advice you seek the help of a pro broker like expert Mrs Kathy L Watley. I met her sometime early last year at the startup funding event in New York City. She had some interesting things to say about the state of algorithmic trading today, obviously I'm seeing the results, and my trading is going smoothly.
When you get a No Cost EMI from a dealer, he gets the full money from the financer the next day. The interest is borne by the manufacturer to the financer. The discount is often from the manufacturer or from the financer. So the dealer is never out of pocket and pushing the discount earns him a sure shot customer.
That happened with 4 years back when I purchased an AC. I didn't need the loan but I got a discount on the price if I finance it. I chose to finance the AC as I didn't have to pay any additional on the price if I were to pay in full now.
i didnt knew i would understand one of the most important reason or factor behind the economic equality in the world with just a simple example. you have a profound skill of teaching. may Allah swt reward you with guidance and a good reward . this was extremely beneficial.
I usually keep the screenshot of my oer day earning. By knowing how many days it'll take for me to pay that item back i make my decision. As a rule of thumb, 15 days is my limit (usually a vacation)
There was a builder in our area who took a lot of debt to build a multistorey. After the completion of the project, there were no buyers and the builders lost everything and now living on rent in the same house that once they owned. Take risks as per your capabilities. Not everyone is a good businessperson.
Absolutely true.. When my cibil was low and I had debt, not even a single financial institution helped. Now my cibikl is 750+ and I am debt free. Now the financial institutions like banks are willing to offer me loan. The banking system is screwed.
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..
I am the one, which fits exactly into the middle class criteria, and I have been very well conditioned not to take a risk whatsoever. And I am still being conditioned, majority of my energy gets lost fighting the same.
It is one of the best video of your channel.. I watch your videos on regular basis and today I just loved it.. You exposed all the riches, I never thought of buying a commercial property on loans it's really a great idea.
7:30 a guy in my locality doing 15k/mo job saved some money and bought a swift on EMI and leases it to ola cabs and kept doing his job and used earning from that car as down payment to buy more cars and now when he has lot of cars and huge monthly capital he's doing same in real estate and he just stays at home and money keeps coming
Nice one Akshar but you missed a key point..I am Indian Living in UK and I have housing debt in both countries. The key difference is cash flow where in India I generate cash flow which is only 1/3 of the monthly mortgage payment whereas in UK the rental cash flow is equal or even more than the monthly emi
He has become clever, smart title and at the end he discloses which is just a common sense .. many are normal common sense unlike his stock buying tips these are just to gain traction of subscribers and followers and even the brand sponsor… Fresh grads mostly get crazy about such influencers but soon u will realise analysis of paralysis by following too many such gyan videos 😉🙂
This scenario does not fit in India . where getting loan itself is winning war . House cost price is way higher and loan rate is too much higher . Renting is cheaper than bank installments .
The exact same thing happened to me recently when I was buying an AC. There was HDB and Bajaj Finance person. The HDB was willing to offer a discount of INR2K if I was a Bajaj Finance customer and my CIBIL score was in line. I tried looking for fine print but everything was good, no processing fee, no interest and longer the tenor higher the cash back. I took the loan 😀
My thoughts are these finance companies are transitioning into tech finance companies like Bajaj Finance. They are accumulating the database of customers with good track record. They will use this database and our demographic profile to start cross sell other products in their portfolio. Our spam calls will increase and we will probably have to block 🚫 them for constantly calling for one loan or other.
*Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating...*
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise.I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status
@@catherine4145 As a biginner who don't understand how Bitcoin trade really works and you really want to make profit from it. I will advise you to first start working with a professional broker like Expert Samantha Webb, she is a portfolio manager and very legit to help scale your beginner account
Hi Akshat, please make a video on short term investments. On where we can maximize our returns if we have liquid money for say 1 month or maybe 6 months or 2 years. I liked short term debt funds but more info including the taxation things would help everyone a lot and will also get you a new topic for a new good day.
How can a person with one or more chronic illnesses manage finances? Chronic illnesses take a lot of time every day and risk taking capability is hampered.
Recently, I have started watching your videos. Happy to learn financial concepts. But, in this video, I can't connect with what you trying to say... The simple concept of taking debt in case of cash-generating investment is explained with unwanted/unrelated concepts...
I think the framework of decision-making is a great tool to include when making hard decisions. Something new I learned was understanding/improving the risk-taking component.
The loan now is being disbursed at MCLR . THATS THE ANSWRR LOANS ARE NOT COSTLIER. NOW LETS COME TO ANOTHER POINT GRADATION OF THE SOCIETIES STRUCTURE. INR EQUIVALENT TO ANY CURRENCY HAS SO DEVALUED. INDIAN CURRENCY IS DEVALUED. IF IT IS DEVALUED EVERYTHING HAD GONE DOWN.
with luxury item i follow 10X rule If I can buy it 10 times then only I buy it. For example if i need to buy 1 lLk rupees iphone for non business purpose/personal use then I must have a bank balance of 10Lakh rupees.
Hi Akshat. I have learnt so much from you... I just wanted to thank you. I feel helpless that I can't give back this much to you. I am an orthopedic surgeon in panipat ( haryana ) if you ever need me .... Just remember you have a lifetime friend.
Hey Akshat,your videos are very relatable.could you also make a video on whether or not should students be running after government jobs or take risks in other ventures.just open a different and possible perspectives for all those orthodox,I'm sure,if anyone can do it,it's you.
Hello Akshat, I have been following your content from almost a year now. This is one of the best and most relatable video. I'm exactly inthe same state of mind which you stated, I just spend lots of time on thinking about things to do but never do. This video is definitely a wake up call atleast to me. Please continue doing what you are doing. Cheers!
got trapped and fought with both merchant and bank card department.. but as usual no justice....lost 7000 etc he charged me saying card is returning this as credit....
good one akshat, very informative, really u explained very well about EMI's, your finance knowledge will save many youths life around the world , i beleieve this should reach to each village level in india so they can understand finance better way and improve their life and save from traps . Kudos to you. Thanks Sunil
The challenges I am personally facing in practical ground by investing in commercial properties are: 1) This is not for a normal peace loving middle class normal person. 2) Hard to find trustworthy peoples to deal without worrying of future legal disputes possibility and risk of force full possessions. 3) Not getting consistent cash flow from rent. Many time shop tenant request to skip pay rent and pay in upcoming months. Moreover almost everytime you need to approach tenant to pay rent. That is again irritating process. 4) Many time shop tenants may not continue their business and they leave shop in middle and your cash flow again get stopped. You again need to pay brokerage and tinny repair property for next tenant. This process cut short your overall income. Overall, I found it as much riskier as stock market investment. You may get system support in form of different institutions like SEBI etc. But in commercial real estate it's pretty hard.
Again a well researched & informative video (point to point presntation); We can take away so many things from this. Thanks very much Akshat! In the meantime, the National damad would be the one who (with family) thinks that India is their personal property. I really like your style of pointing out the problems (in playful mood). keep inspiring & educating.. May Chitragupta Ji bless you!
Sir, let's say buying a house with debt will not generate cash flow compared to a commercial property. Yet, we save money on rent and in time the property value increases. In that sense is it useful to buy a house?
Thank you akshat... It was a great video in understanding about the 3 pointers.. As I am more introvert and do not gather around with unfamiliar people.. But nowadays I see a change on breaking that rule to meet people at different mindsets. Thank you.
Good video and insights, small suggestion >> speak little slowly, you will be able to reach more people. Currently this can be heard + understood by urban class who is very good with english communication.
@@shubhammanjalkar8591 i earn 45k in bangalore and am able to feed myself for the day.im still a typical middle class employee.yoir comment sounds philosophyically nice,but not factual
►LAST FEW SEATS LEFT for my stock market and cryptocurrency course [Starting 17th June, 2022] Enrol today:
wisdomhatch.com/finance/
_______________________________________________________
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Please sir then you should go to Sandeep Maheshwari sir Channel. It will definitely help us.
@@hiisourabh Feedback appreciated
Wanting more info and insight?
WatsApp the number above,⬆️⬆️
Endeavor to reach out…
The day I understood the difference between *IRR vs XIRR* I started to migrate from Middle class to HNI
,
aree akshat bhaijaan maja hi aagaya aapke videos dekhke , aapko tu matlab finance ministry mein hona chahiye . your videos are just so good that i gotta remember warren buffett every time i see you.
6 things to Takeaway:-
1)Have a Broad mindset
2)Attend Social Meet-up or Business Conference
3) Don't get a habit of buying everything in EMI. If u can buy it twice, you are good to buy.
4) Don't Take Loans .. Expect take it when it creates cash flows
5) Buy Commercial property than residential property
6) Avoid Loans during your 20's.
hope this helps..
Thanks man!
Take home loans for just buying land, only land, not house. Sell that land after 5 years, boom easy money.
What about taking a car loan in your 20s ?
@@nehasemwal6070 , very very bad!! Never do that!
@@nehasemwal6070 One can take any loan in their 20s provided they are safe to pay the emi on time, by having enough salary balance after expenses, or having some other type of cash flow ( interests from investments) .
You're the most underrated life coach and mentor I came across TH-cam. Thanks for the valuable lessons.
really man. me same
THANKS. Just what I needed to watch. My husband and I are administrators of our farming business and our own properties, as well as small pensions. I am almost 56, my Wife is 52. We have started saving for retirement from the farm and maybe live off rental income, I would really appreciate it if you would do a video on how to earn passive income online and retire comfortably let's say 1 million bucks.
@Lloyd Bernard It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your timing.
@@roseroland1998 I totally agree, I'm 50 and just retired with about 1.2 million in outside retirement funds, no debt and very small dollars in retirement funds compared to my balance of portfolio over the past 3 years to date. tbh, the role of the invt-advisor can only be overlooked, not denied. just do your research to find a reputable one.
@@anthonyrussell5718 This is exactly what I want to do now too. Can I get access to your coach?
@@Curbalnk My Financial Advisor is KAITLIN ROSE STERNBERG. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
@@anthonyrussell5718 Kaitlin Rose Sternberg appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
Few things which can help you come out of middle class trap are :
1.Opting for simple wedding .
2. Spending 33% of your time with people with abundant mindset.
3.Perceive money as an instrument rather than the end goal.
4. Learn more about the money 💰 markets .
5.Start investing in diverse options.
Enjoy your life .
I'll save your time. He escaped by having rich parents.
I actually loved to take loans... but within my means and with certain backup..
The advantage of enjoying, say, an AC or a laptop today compared to 2 years later, is much higher and offered me more value. The happiness of enjoying 2 extra years in a car with my family offers a whole lot of value. After all, is just one life.
But yes, I will never take loan for secund home, secund car or stock market or vacations etc..
Nice content mate! So happy to announce that I have gained financial freedom by investing in digital currency.
And what happens if some untoward incident happens after you take the loan? If your family doesn’t know about the loan, then the bank will start harassing for default payment.
@@prakashth Take loan when you can payout that loan in 3 months, also for big loans to protect your family, take loan insurance and your family will be spared.
Yes , I agree,... I want to buy certain things to maintain a comfortable living standard....
@Prakash T
You can insure any type of loan. In case of death, entire Loan is paid off by insurer.
So now you get peace of mind plus get to enjoy "that" car or laptop 😄
Nice content! Few years back i was assistant to a wealthy pen artist and within the short period i worked with him i observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this i learned that the rich stay rich by investing.
i agree with this but the problem now is getting to make the right investments, Lots of people tend to lose their money while investing thereby making them lose interest and also end up discouraging other individuals around them.
I think the major challenges investors face may range from controlling impulsiveness to the frail of compulsion. Most newbies and would-be investors often undermine and most often neglect the importance of technical analysis with regards to investing. Technical analysis overly predicts the movement of asset prices regardless of what is happening in the wider or broader market. Essentially, the process involves studying the paths of a particular asset movement in the past so as to establish a sustainable pattern that can be used to predict future movements or better still get an investment advisor who'd guide you and help you manage your portfolio just like my boss back then, He was working with an IA Edmund John Brock and i would bet he still does. I can boldly recommend him because i've witnessed his performance first hand. He's the real deal.
He's on Tel'gram
i've come across him on a cnbc broadcast
@@jeanno877 his user name ?
Congratulations Akshat. You always seem to amaze me. EMI or full payment, avoiding impulse buying, getting out of comfort zone, taking risks and expanding skillset. Wonderful points. JUST ONE POINT. TAKING ACTION IS THE MOST IMPORTANT SO VIEWERS GO FOR IT.
You seem to be praising this gent to such heights! Wonder why? As BULK of his talk is nothing but waffle and BIG talk!! Most economic courses teach this financial analysis.. it’s nothing new!
@@1354pjnot everyone takes economic courses, nor has the time to. If what you're saying is true then he has boiled down economic analysis into easy understandable points for almost every kind of audience
I simply escaped the middle class trap by not having a fancy marriage & child easy🌞
Hahaha
Agreed
👍👏
what is the use of your wealth if you cannot even make a baby? haha
@@kb14nov
And who tf are you even to decide what he should do? Hahaha
The real way to get rich is not by investing but earning hefty through business and job but investment help in wealth preservation and increment - this is my view
@@akshats259 Have some moral values. Don't you people feel shame in trying to trap innocent people?
I absolutely agree with you. That's the most accurate concept. Stock is for future. It's just a better option than a bank to keep money. Bank is for loan against your job and property. And your happiness and continuity lies on jobs a.nd buisness you do.👍👍
Right 👍
This youtuber making fool all the viewers..
200% true
Great video. But the thing about taking debt only to create cashflows is.. Defining cashflow becomes difficult if the investment is long term. Buying a property to stay might potentially be creating net positive cashflow if we also consider the rent that is either prevented/ rent obtained.
Even if the monthly EMI is more than the rent, the interest part of that EMI is the thing that should matter in the cashflow computation, as the property retains some value. And even if the interest part of the EMI breaches the rent, it still might be net positive if the plan is to stay in the house for long well after repayment.
And i didnt even talk about non financial benefits of the investment. The stability of a family living in a owned house if undisputably a lot greater than one renting it. But on the flip side, the property might become a elastic band which keeps pulling us back from taking risk related to stuff like work location.
So i have to say i dont agree with your point that " buying a house for living is a bad idea financially ", as i think it depends on a lot of factors and such a blanket statement hides the complexity.
⬆️⬆️Reach me with the watsapp line above for more information ,guidance and for available investments. Thanks for the feedback…
1) EMI schemes from financial institutions usually come with a target which requires the shop to bring in certain number of EMIs per month. My friend's shop has had a similar issue where the EMI scheme was pulled since they didnt meet the quota.
2) The shops would receive the whole amount within a couple of weeks from the purchase( not sure about the timeframe, but shops do receive full amount less some service charges)
Initially I was not admiring you but I see many of your videos and now I must confess that you are doing good for the greater class. Kudos to you.... I am proud of you
Thanks for the update.
Same thing happened to me also.
I was booking International air ticket from Make my trip and they offered me flat Rs 1200 discount, if I buy on EMI through a particular credit Card. I bought through EMI and ended up paying lot of amount including processing charges and taxes etc.
Great Video Sir. ❤️
Akshat, recently I also bought an AC and was offered EMI payment option with a net discount price. I couldn't understand the logic, I wanted to pay in full but because of the discount I ended up taking EMI option. You very well explained the logic. Thanks. I enjoy watching your videos. Especially this one. Take away point for me was to not have a transactional mindset. I applaud you for your work and want to learn more from you.
Thank you sir for addressing a true issue with middle class
So it's not a discount but a fraud by EMI ?
Hello @Akshat Shrivastava, I noticed a small correction (9:00) that needs to be made regarding loans. When a borrower takes out a loan, the money they receive is not printed money. Only the Reserve Bank of India (RBI) can print money, and it does so when the government issues G-Sec or T-Bills. Instead, the money that borrowers receive comes from the deposits made by account holders in their bank accounts. Banks offer low interest rates, typically around 3-4% for savings accounts and 5-6% for fixed deposits, while charging higher interest rates of 7 to 15% on loans. In a developing country like India, the government must borrow a lot of money to invest in infrastructure and reduce its fiscal deficit. This can lead to inflation and a decrease in the purchasing power of money over time.
Similar thing i follow before making any major buying decision is to make sure to have double the amount in savings account, and then invest in equities.(an amount equal to purchase price)
How can someone be so good ? Hats off man mad respect
Thankyou I am 18 yrs old and have been reading some self help books and now i found your wonderful channel I have binged watched several video and they were eye opening .
The moral of the video is - Learning is an Earning, that keeps you Winning! :)
@Akshat ㊉ 1④⓪⑧④②⑥⑧⑥⑦②
it's fraud don't get trapped
You Are An Excellent Motivator; for Senior Citizens Like Me. I have started understanding the mistakes I had done in my formative age. Now on neutral gear
Thank you... one BIG leaning from this video is MINDSET is the key!!!
Cheers
Hi Akshat,i am 40 now no body ever told the psycology behind becoming rich😁 .but its never too late.
Thank you .
Akshat, why didn't you make this video few months back..at that time I was struggling to make a decision that comes with a risk... Finally I ended up being in comfort zone without taking risk.... Now iam repenting 😔. Anyways thanks for opening my eyes
🤣
I have been watching Akshat 's videos and it has helped me to be financially wise.
I request that the video leng be kept under 10 minutes, including value statements.
That will keep our attention more focused
I saw you in my dream yesterday. I promised you I would stop procrastinating and start my investing journey soon. I was also happy because I read somewhere about the power of compounding and how inverting early is more important than investing more.
Zyada pyaar ho gaya tujhe
😂😂
Crushy crushy😂😂🤣🤣
@@pratyushshukla9362 ho bhi sakta hai🤣
@@ayandas8757 fantasise kara ladka😂😂😂😂
Getting loans does not ensure free cash flow... unless and until the business/ real estate ( the property on which the amount had been invested ) generates the necessary amount to support the EMIs and generates the extra for free cash flow...
I think financially independent is a necessary object rather than switching to higher from middle...
Anyone can achieve financial freedom, you just need a positive mindset and the right information. For me it was those things that guided me on my way to financial freedom. The moment I realized that investing in multiple assets is better than putting all my money into savings or unnecessary expenses, I began my journey to financial freedom. Investing is the easiest path to financial freedom. Most investors who take unnecessary losses is because they do not have proper investment management to begin with. Having a proper investment management plan is important, when I hired an investment professional to manage my investments, that’s when my income from all my investments became consistent.
You sound so experienced and also inspiring. Thankyou for sharing this comment.
The part you talked about investment management would be the most important point in my opinion.
Of course, Investment management is very important for successful investments. That is why many investment videos emphasize the importance of getting a financial advisor at the beginning of your investment journey.
Saving isn't as safe as it used to be because inflation is eating away at our savings.
I've always wanted an investment manager, my problem has been where to search for one. do you have any suggestions?
It's absolutely baseless statement "When I take 1Cr debt, the new money printed and making less valuable the existing". The money doesn't get printed when I took loan, it's purely based on country economic health (like GDP, reserves etc) and it decided by RBI how much money as a %of GDP should be printed.
kuch zyada hi acchi bani di ye video!
Excellent video with wonderful presentation 💯🔥
Thanks Prasad bhai :)
Subscriber of both :)
@@AkshatZayn thank you sir for your great content,
Prasad bhayya.....
he ky mhanat ahet ....te marathi madhe ....samjun sanga na.....
me donhi channel follow kart ahe.
I really love all of your videos. I first like your videos, only after that I start watching them. Your videos carry that much Warranty for sure.
But what about taking a debt to buy a house to live in ? Isn’t that a fundamental necessity? Or staying on rent perpetually is the only way to go.
I would love to hear opinions on this. Reference: if you’re staying in a Major Metro
You are so genuine.Your explanations are really easy to understand.God Bless you and your family!
Hope these techniques help me make a bold discussion regarding my career after 12th🙌
Students are you are lucky to have such influencers like akshat and ankur very early in your career
Two English mistakes
1) Not alternate but alternative strategy or career
2) Not avail the EMI but avail of the EMI
Cool insight, I appreciate an opportunity to get such knowledge on how to get rich, I look forward to trading bitcoin and making it an alternative source of income.
Speaking of crypto trading. It's the best business in the world right now, I know a couple of friends who make a whole lot of money trading the crypto market.
Successful trading requires basic knowledge most time and good experience to carry out the right investment plan. If you know how to trade you can make a ton of money no matter where you find yourself.
@Cain Havens Something similar happened to me but I didn't lose money. I traded with nothing to show for it until contacted a pro who trades for me and return profits.
There< seem to be an increasing number of beginners who are yet to fully grasp the knowledge of trading well. Always use a trading plan. Every day, there are several news events and economic releases that can provide trading opportunities. You can follow crucial news announcements by monitoring our economic calendar.
@Cain Havens I advice you seek the help of a pro broker like expert Mrs Kathy L Watley. I met her sometime early last year at the startup funding event in New York City. She had some interesting things to say about the state of algorithmic trading today, obviously I'm seeing the results, and my trading is going smoothly.
Financiers give commission to dealers. That’s as simple as that. 7 % the dealer gets. 2,800 in your case.
I am also engineering drop out, 04 batch. I thought my life was finished. Now, when i look back, that is the best thing ever happened in my life. 😀
Great Bro! Doing business??
"Also" ??
@@007_Sun_Tzu you don't need to know. He is happy in his life and that's enough.
@@insaneankit5554 ya bro.. Full time trader..
@@lucid4196 ya..lot of my friends droped out with me..😁
Super video... it pushed me from my latest position...
Not taking any risk is also called risk..
Beautifully explained ....must watch by every Indian
When you get a No Cost EMI from a dealer, he gets the full money from the financer the next day. The interest is borne by the manufacturer to the financer. The discount is often from the manufacturer or from the financer. So the dealer is never out of pocket and pushing the discount earns him a sure shot customer.
That happened with 4 years back when I purchased an AC. I didn't need the loan but I got a discount on the price if I finance it. I chose to finance the AC as I didn't have to pay any additional on the price if I were to pay in full now.
i didnt knew i would understand one of the most important reason or factor behind the economic equality in the world with just a simple example. you have a profound skill of teaching. may Allah swt reward you with guidance and a good reward . this was extremely beneficial.
I usually keep the screenshot of my oer day earning. By knowing how many days it'll take for me to pay that item back i make my decision. As a rule of thumb, 15 days is my limit (usually a vacation)
Good 👍
Half of monthly salary
There was a builder in our area who took a lot of debt to build a multistorey. After the completion of the project, there were no buyers and the builders lost everything and now living on rent in the same house that once they owned. Take risks as per your capabilities. Not everyone is a good businessperson.
@Akshat S ㊉①④②④④②④⑥⑦①⑤
it's fraud don't get trapped
Absolutely true.. When my cibil was low and I had debt, not even a single financial institution helped. Now my cibikl is 750+ and I am debt free. Now the financial institutions like banks are willing to offer me loan. The banking system is screwed.
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..
I don't have any cibil score (since I haven't taken any debt). So banks keep making calls every day asking me to take loans.
I am the one, which fits exactly into the middle class criteria, and I have been very well conditioned not to take a risk whatsoever. And I am still being conditioned, majority of my energy gets lost fighting the same.
It is one of the best video of your channel.. I watch your videos on regular basis and today I just loved it.. You exposed all the riches, I never thought of buying a commercial property on loans it's really a great idea.
@Akshat S ㊉①④②④④②④⑥⑦①⑤
it's fraud don't get trapped
Lot of the examples are misguiding or completely wrong. The steps and thought process is right.
7:30 a guy in my locality doing 15k/mo job saved some money and bought a swift on EMI and leases it to ola cabs and kept doing his job and used earning from that car as down payment to buy more cars and now when he has lot of cars and huge monthly capital he's doing same in real estate and he just stays at home and money keeps coming
Then learn from him bro
Nice one Akshar but you missed a key point..I am Indian Living in UK and I have housing debt in both countries. The key difference is cash flow where in India I generate cash flow which is only 1/3 of the monthly mortgage payment whereas in UK the rental cash flow is equal or even more than the monthly emi
He has become clever, smart title and at the end he discloses which is just a common sense .. many are normal common sense unlike his stock buying tips these are just to gain traction of subscribers and followers and even the brand sponsor… Fresh grads mostly get crazy about such influencers but soon u will realise analysis of paralysis by following too many such gyan videos 😉🙂
⬆️⬆️Reach me with the watsapp line above for more information ,guidance and for available investments. Thanks for the feedback…
This scenario does not fit in India . where getting loan itself is winning war . House cost price is way higher and loan rate is too much higher . Renting is cheaper than bank installments .
"You have to take risk" -- I am making this us my theme
Beautiful in one word. Thank you.
best youtuber..... thanks for everything....
The knowledge you share is very helpful.. if you give pauses in your dialogues they would be more effective
The exact same thing happened to me recently when I was buying an AC. There was HDB and Bajaj Finance person. The HDB was willing to offer a discount of INR2K if I was a Bajaj Finance customer and my CIBIL score was in line. I tried looking for fine print but everything was good, no processing fee, no interest and longer the tenor higher the cash back. I took the loan 😀
you need to pay GST on interest component
So how do the financing company get profit
@Akshat S ㊉①④②④④②④⑥⑦①⑤ it's fraud don't get trapped
@Akshat S ㊉①④②④④②④⑥⑦①⑤
it's fraud don't get trapped
My thoughts are these finance companies are transitioning into tech finance companies like Bajaj Finance. They are accumulating the database of customers with good track record. They will use this database and our demographic profile to start cross sell other products in their portfolio. Our spam calls will increase and we will probably have to block 🚫 them for constantly calling for one loan or other.
best middle-class def i heard!!
*Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating...*
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise.I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status
@Betty Luis That's true most people today have been having alot of failure in forex and crypto sector because of poor orientation and bad experts
@@catherine4145 As a biginner who don't understand how Bitcoin trade really works and you really want to make profit from it. I will advise you to first start working with a professional broker like Expert Samantha Webb, she is a portfolio manager and very legit to help scale your beginner account
@@johngunnar5295 Wow I'm just shock you mentioned and recommended expert Samantha Webb
this is the same expert Samantha Webb, my neighbors are talking about, she must be a perfect expert for people to talk this good about her.
Brilliant. Being in the middle age bracket one can comprehend and associate with each and every word that you speak!
Hi Akshat, please make a video on short term investments. On where we can maximize our returns if we have liquid money for say 1 month or maybe 6 months or 2 years.
I liked short term debt funds but more info including the taxation things would help everyone a lot and will also get you a new topic for a new good day.
How can a person with one or more chronic illnesses manage finances? Chronic illnesses take a lot of time every day and risk taking capability is hampered.
India and Italy's Damaad - Robert Vadra
A money in hand is worth more than it's in bush.
Amazing intellectual knowledge and simple facts
Recently, I have started watching your videos. Happy to learn financial concepts.
But, in this video, I can't connect with what you trying to say... The simple concept of taking debt in case of cash-generating investment is explained with unwanted/unrelated concepts...
I think the framework of decision-making is a great tool to include when making hard decisions.
Something new I learned was understanding/improving the risk-taking component.
⬆️⬆️Reach me with the watsapp line above for more information ,guidance and for available investments. Thanks for the feedback…
Yes. Decision making must be an elaborate process on a constructive framework
Excellent thoughts and Insightful.
Robert Vadra, husband of Priyanka Gandhi ji
The loan now is being disbursed at MCLR . THATS THE ANSWRR LOANS ARE NOT COSTLIER. NOW LETS COME TO ANOTHER POINT GRADATION OF THE SOCIETIES STRUCTURE. INR EQUIVALENT TO ANY CURRENCY HAS SO DEVALUED. INDIAN CURRENCY IS DEVALUED. IF IT IS DEVALUED EVERYTHING HAD GONE DOWN.
camera framing can be improved, too much focus on the wall which is empty
Great video for the confusing times of today…
Your videos are life changing for the person like me who comes from Non financial background
with luxury item i follow 10X rule
If I can buy it 10 times then only I buy it. For example if i need to buy 1 lLk rupees iphone for non business purpose/personal use then I must have a bank balance of 10Lakh rupees.
4:12 I said the same thing and you also said the same thing. Me at that time: I also thing like Akshat
I had just started reading Rich dad poor dad, and it seems to me that your lessons align with what I'm reading there. :)
Hello sir How are you You are Very Good Teacher ☺️💝💝💝💝💝💝😘 Thanks for your Great Work 🔥☺️👍
Hi Akshat. I have learnt so much from you... I just wanted to thank you.
I feel helpless that I can't give back this much to you.
I am an orthopedic surgeon in panipat ( haryana )
if you ever need me .... Just remember you have a lifetime friend.
Thank you for your comment…
Be sure to contact the What’sap line above for more information
@@akshats3501 ok. 😊
@@drvaibhavahuja2 Beware! This is a fake account.
Hey Akshat,your videos are very relatable.could you also make a video on whether or not should students be running after government jobs or take risks in other ventures.just open a different and possible perspectives for all those orthodox,I'm sure,if anyone can do it,it's you.
Best way is financial planning
Hello Akshat, I have been following your content from almost a year now. This is one of the best and most relatable video. I'm exactly inthe same state of mind which you stated, I just spend lots of time on thinking about things to do but never do. This video is definitely a wake up call atleast to me.
Please continue doing what you are doing. Cheers!
Woah, this is mind boggling. I'm subscribing now
Sir Indian clearing corporation Mera account se 1 month me 3 ya 4 bar paise leta hai.me 2 month se kuch v cell ya buy Kiya nahi.
got trapped and fought with both merchant and bank card department.. but as usual no justice....lost 7000 etc he charged me saying card is returning this as credit....
good one akshat, very informative, really u explained very well about EMI's, your finance knowledge will save many youths life around the world , i beleieve this should reach to each village level in india so they can understand finance better way and improve their life and save from traps . Kudos to you.
Thanks Sunil
@AKshat S ㊉①⑧①②②⑤⓪②③⓪⑧
it's fraud don't get trapped
The challenges I am personally facing in practical ground by investing in commercial properties are:
1) This is not for a normal peace loving middle class normal person.
2) Hard to find trustworthy peoples to deal without worrying of future legal disputes possibility and risk of force full possessions.
3) Not getting consistent cash flow from rent. Many time shop tenant request to skip pay rent and pay in upcoming months. Moreover almost everytime you need to approach tenant to pay rent. That is again irritating process.
4) Many time shop tenants may not continue their business and they leave shop in middle and your cash flow again get stopped. You again need to pay brokerage and tinny repair property for next tenant. This process cut short your overall income.
Overall, I found it as much riskier as stock market investment. You may get system support in form of different institutions like SEBI etc. But in commercial real estate it's pretty hard.
India's damad: Robert vadra
Motivated me more than motivational videos ❤❤❤sleeping after watched a good informative video
Rishi Sunak is the India damaad
Saw it today. Really a good one. Appreciate sharing such imp knowledge n awareness to middle class.
Again a well researched & informative video (point to point presntation); We can take away so many things from this. Thanks very much Akshat! In the meantime, the National damad would be the one who (with family) thinks that India is their personal property. I really like your style of pointing out the problems (in playful mood). keep inspiring & educating.. May Chitragupta Ji bless you!
Sir, let's say buying a house with debt will not generate cash flow compared to a commercial property.
Yet, we save money on rent and in time the property value increases.
In that sense is it useful to buy a house?
Thank you akshat... It was a great video in understanding about the 3 pointers.. As I am more introvert and do not gather around with unfamiliar people.. But nowadays I see a change on breaking that rule to meet people at different mindsets. Thank you.
Thanks 🙏
Good video and insights, small suggestion >> speak little slowly, you will be able to reach more people. Currently this can be heard + understood by urban class who is very good with english communication.
Adani is India’s damadh
stopping impulsive buying saves a lot of money..Actually COVID helped us to cut down our expenses a lot
Akshat, can you make a video on defining what exactly is middle, upper middle, rich and ultra rich class in India in terms of networth and income?
If u are having 3 times full tummy food and have shelter over your head, u r very Fortunate and are rich. 🤫
@Akshat S ± ①⑧⑤⓪⑨①⑧⓪④⑨⑤
it's fraud don't get trapped
@@shubhammanjalkar8591 3% population in india 😀
@@shubhammanjalkar8591 nope lol
@@shubhammanjalkar8591 i earn 45k in bangalore and am able to feed myself for the day.im still a typical middle class employee.yoir comment sounds philosophyically nice,but not factual
Thank You. Marvelous and informative. From Sri Lanka