We followed these 3 SECRET STRATEGIES to become Wealthy/Rich in India | Akshat Shrivastava English
ฝัง
- เผยแพร่เมื่อ 21 ก.ย. 2024
- ► Have trouble filing your taxes? Do check out taxbuddy and also avail 35% discount on the services sought:
filemyreturns....
_______________________________________________________
►LAST FEW SEATS LEFT for my stock market and cryptocurrency course [Starting 17th June, 2022] Enrol today:
wisdomhatch.co...
_______________________________________________________
Recently, I purchases an air conditioner.
While making the payment, the salesperson offered me the EMI option, but I told him I wanted to pay it upfront.
But he INSISTED me to pay via EMIs.
This is just a small instance of one of the major traps which firms use - that is keeping you from getting RICH.
Wonder how?
Watch this video till the end to understand the logic. And what YOU can do about it.
*********************
Sign up for my Newsletter ► wisdomhatch.co...
Linkedin► / akshatshrivastavainsead
Twitter► / akshat_world
Instagram► / akshat.world
Telegram► t.me/akshatshr...
***********************
Attributions:
Stock videos from Pixabay and Pexels
Logos: Wikipedia Commons
Video Editor: Nayan Jain
![How MANGO PEOPLE can get REALLY RICH in India? [8 Simple Steps]](http://i.ytimg.com/vi/rYsVk2DMI74/mqdefault.jpg)
►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
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!
Woah, u saved me , I was thinking of getting loan.
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!
I love your videos. Unfortunately, it's been a while since i visited i am experiencing one of the most challenging phases of my life... Lost a fortune investing in emerging companies... Hopeful, for a turnaround.
@kentucky4494 Not far from the truth i regret 💔... Any idea how i can reach Gary Joe Wilde? I love the testimonies i have seen about him by Chris, Brian, and some other youngsters on cnbc makeit... He seems not to own a video channel here.
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 .
Well Said
I'll save your time. He escaped by having rich parents.
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.
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
You're the most underrated life coach and mentor I came across TH-cam. Thanks for the valuable lessons.
really man. me same
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 ?
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
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
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…
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.
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)
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 ?
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. ❤️
Financiers give commission to dealers. That’s as simple as that. 7 % the dealer gets. 2,800 in your case.
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.
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)
Thank you... one BIG leaning from this video is MINDSET is the key!!!
Cheers
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
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...
Two English mistakes
1) Not alternate but alternative strategy or career
2) Not avail the EMI but avail of the EMI
How can someone be so good ? Hats off man mad respect
IF EVERYONE STOPS BUYING & SIMPLY INVEST ; WITHIN WEEKS , YOUR INVESTMENT WILL END LOSS .
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?
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.
The moral of the video is - Learning is an Earning, that keeps you Winning! :)
@Akshat ㊉ 1④⓪⑧④②⑥⑧⑥⑦②
it's fraud don't get trapped
How much net worth is considered rich?
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
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 .
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 don't understand why not taking no cost emi is not good i still don't understand , i have card which i use always and it gives me 1 to 5% cashback on every purchase then why it's bad.
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.
Hi Akshat,i am 40 now no body ever told the psycology behind becoming rich😁 .but its never too late.
Thank you .
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 didn't get that... Keynesian economics wala part.
More is printed...
Given to u as debt..
Then ur 5 lakh value will decrease👆👆👆
This part can u please explain in more simple way👆👆
*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.
Lot of the examples are misguiding or completely wrong. The steps and thought process is right.
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.
Using Kushner example is wrong in India. US have very low interest on home loan. Rental income from an apartment can pay for EMI and leave some profit. But in India interest is higher and EMI is mostly over Rent.
In India inflation is also high. There is no such thing as an interest rate arbitrage that you are point to.
Strategy No.1 : Take money from any and every scammer and promote their videos on channel without thinking about the subscribers. He blindly promoted Vauld and now hundreds of users lost their money while he got handsome paychecks from Darshan (CEO of Vauld). He kept saying he himself uses Vauld and even showed us live proof to convince but not many people know he was using a demo account provided by Vauld for marketing/advertisement purposes.
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
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....
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
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
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😂😂😂😂
So you mean to say don’t buy a house and you are giving example of America not India .
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.
A money in hand is worth more than it's in bush.
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…
I want to make a lot of many, can I get a small load of a billion-dollar with 2% interest rate
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 do get calls from card companies to convert to emi and saying its good offer to convert emi
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
Of course 1st option
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.
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
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
India’s damaad Robert bhaiya
Beautifully explained ....must watch by every Indian
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 so genuine.Your explanations are really easy to understand.God Bless you and your family!
Vadra used to be no. 1 damaad of india. I dont know who currently holds that place
⬆️⬆️⬆️ Reach me with the wat'sap line above for more information, guidelines and consultation.Thanks for the feedback......
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
Example of US real estate is wrong because as you are aware US is a positive cash flow economy and India is a negative cash flow even if you are buying Commercial, means in India your EMI will always be much higher than your rent hence we cannot afford to take huge debt.
Please give your opinion.
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..😁
Can someone explain me about the loop he mentioned in 8:09
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 did not take risk to study m.s in USA instill regret this
India's damad: Robert vadra
Bro you are too lengthy talking … I request you to have a short and concentrate only concept … your energy can save…
Adani is an example
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.
Andher Nagari Chaupat Raja
Change of constitution and laws
kuch zyada hi acchi bani di ye video!
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.
My uncle bought home for 7L and sold it after 15 years for 70L. thats 10 times of original price. But all youtube finance advisers are telling not to take home loan.
best youtuber..... thanks for everything....
All ok but talk in Hindi. I saw you in a show your Hindi is good xo please speak in Hindi
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.
7:29 Adani take a lot of loan and their cashflow is amazing
"You have to take risk" -- I am making this us my theme
About 15 yrs back I along with my wife went to buy specs from the market . Adjacent to the specs shop there was a property dealer.
We enquired about a 450 sqft rate from the dealer. He informed that one ground floor flat was available @ Rs 15 lacs.
We saw the flat liked it.
Thdn I called my son who also liked it.
Thereafter we bought it.
At present we are getting a rent of that flat Rs 9000.00 pm.
This is my purchasing habit but I have never taken a loan in my life.
When you talk of rich it means your net worth is above 180 crores ...you delhiye guy talking about your one crore revenue does not make you rich class you are upper middle class.
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
camera framing can be improved, too much focus on the wall which is empty
Thanks Akshat
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
very good information
Adani is India’s damadh
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.
Hello sir How are you You are Very Good Teacher ☺️💝💝💝💝💝💝😘 Thanks for your Great Work 🔥☺️👍
Some useful tips for avoiding trap.
1. House you are buying should not be more than 5x of after tax annual income if taking loan.
2. Car cost should not be more than 9 months of income.
3. Don't do show off like putting child in international school or sending abroad by taking loan. KVs, NITs are too good and if don't get admission than there are other very good pvt school and college
4. Take health insurance and term insurance
6. If in pvt job than not having a job after 50 yrs age is a normal so invest in second source of income or side income.
7. Both husband & wife should earn. Dual income is a sure shot win.
Amazing intellectual knowledge and simple facts
I had just started reading Rich dad poor dad, and it seems to me that your lessons align with what I'm reading there. :)
Rishi Sunak is the India damaad
debt for house is the best investment in india. property price keep increasing faster than inflation because more and more people want to live in cities. if you buy a house you save on rent and pay emi. + it gives stability + with home lone you will end up with a home without it you will spend money or put it in riskier assets and end up without money and wiithout home
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
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.