8 TRAPS that Rich people Avoid, but Middle Class does not | Akshat Shrivastava

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  • Опубликовано: 31 май 2024
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    8 modern-day FINANCIAL TRAPS that is making you and me poorer.
    While the rich, being the smart ones, conveniently avoid them and become more affluent.
    And yes, it does involve using some "special credit card" apps:)
    Do watch this video till the very end. :)
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Комментарии • 1,5 тыс.

  • @AkshatZayn
    @AkshatZayn  Год назад +55

    ►You can talk to Ditto to sort out all your health/life insurance-related queries:
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    • @puru246
      @puru246 Год назад +2

      Akshat Can't you stop this kind of fraud people using your name , in comment section

    • @nileshlodaya2579
      @nileshlodaya2579 Год назад

      Sir make vdo on chetan sharma's sting operation and uska nichod dijiye k kaise har jagah gla kaant competition hai and kaise aged players ko team se nikalna chahte h jaise hume job se nikal rhe h and nye ladko ko bhara jaa rha h, sab corrupt h, IT companies ne 1.5 lakh logo ko job se nikala h recently
      How to deal with this ofc family corporate politics and survive and grow?

    • @nileshlodaya2579
      @nileshlodaya2579 Год назад

      Sir make vdo on chetan sharma's sting operation and uska nichod dijiye k kaise har jagah gla kaant competition hai and kaise aged players ko team se nikalna chahte h jaise hume job se nikal rhe h and nye ladko ko bhara jaa rha h, sab corrupt h, IT companies ne 1.5 lakh logo ko job se nikala h recently
      How to deal with this ofc family corporate politics and survive and grow?

    • @parichouhan3253
      @parichouhan3253 Год назад

      @@nileshlodaya2579 a

    • @vishalkhanna1476
      @vishalkhanna1476 Год назад

      Natural Gas Commodity 2 yrs low accumalate

  • @SoulfulPerspectives7
    @SoulfulPerspectives7 Год назад +633

    Points Discussed..
    1.Risk Reward Curve
    2.Live on Rent in early part of life
    3.Protecting the Downside
    4.Buy Real Assets-physical gold as example
    5.They know where the money is going
    6.Rich ppl take business loans
    7.Invest in things you understand
    8.Portfolio of Incomes-Multiple Streams

    • @kalaiselvan5906
      @kalaiselvan5906 Год назад +5

      summary in short 😄

    • @DoodleDoo
      @DoodleDoo Год назад

      I think the main problem with Indians is that they know how to save and live within their means but they don't know how to generate wealth. Also, rich owners are always underpaying Indians but Indians don't even know how to protest and increase their wages. Their thinking is "my son or daughter will become a doctor or engineer and then everything will be fine". But the reality is most Indians will not become doctors or engineers. So, they need to do their homework and think more practically.

    • @sampathkumare3432
      @sampathkumare3432 Год назад +13

      Live in rent' if u r smart enough to took advantage of that money u likely to invest in purchasing home. Otherwise its better to pay the compelling EMIs

    • @ArshinagarKolkata
      @ArshinagarKolkata Год назад +1

      Thank you

    • @aanariAntabri
      @aanariAntabri 10 месяцев назад +1

      ​@@kalaiselvan5906that's why successful RUclipsrs follow reel policy, which is a revolutionary idea💡 wherein depending on interest level, one can always visit the RUclips with link provided in reels.

  • @pabawathieperera9118
    @pabawathieperera9118 Год назад +77

    It is true all the big businessmen get loans for the business and later declare bankruptcy , but still have their luxury life while the middle class people lose a whole lot.......

    • @Anonymous-pn4fv
      @Anonymous-pn4fv 11 месяцев назад +2

      Yes

    • @volvorin6891
      @volvorin6891 13 дней назад +1

      This is because the big business houses can able to manipulate the banks easily. Otherwise Why the banks are not giving loans to small traders, business houses, & MSMEs ?
      This world is all about manipulation, one who is good in it will become a rich man 1 day.

  • @BidenIsPoTUS.JFK.
    @BidenIsPoTUS.JFK. 4 месяца назад +1096

    Recently my wife and I just sold two real estate properties in the Bay Area for a total sum of $916k due to foreclosures. We plan to purchase a new house next year, the cash is just sitting in our joint savings account What do you recommend we do? I will appreciate any suggestions.

    • @bradlucass
      @bradlucass 4 месяца назад +6

      Certain stcks and commodities are a good hedge against inflation, however you need to know what the heck you're doing or better still, seek help from a coach

    • @Vinyvasquez
      @Vinyvasquez 4 месяца назад +5

      Concurred. was way easier for me to navigate the markets not until 2020 stock market crash, I had to source for a portfolio-coach to revamp my entire portfolio and hedge against inflation.

    • @BidenIsPoTUS.JFK.
      @BidenIsPoTUS.JFK. 4 месяца назад +1

      this is huge! can you be kind enough with info on the coach that guides you please? I’m in dire need of one as I approach retirement

    • @Vinyvasquez
      @Vinyvasquez 4 месяца назад +2

      There are many financial coaches who excel in their profession, but for the time being, I employ Monica Mary Strigle because I adore her methods.

    • @BidenIsPoTUS.JFK.
      @BidenIsPoTUS.JFK. 4 месяца назад +1

      thanks for saving me hours of researching, I curiously looked up Monica Mary Strigle on my browser and came across her website, I hope I can allows interview Monica myself.

  • @Blurufoodaz
    @Blurufoodaz Год назад +10

    I don’t think that planning a house is a bad idea because suppose I buy a house for 2cr today and after 10yrs it’s value turn out to be 10cr .:::: suppose I plan to buy same house after 10yrs instead of today, I need to have 10cr …. So investing in real estate is never a middle class idea

  • @geraldt331
    @geraldt331 8 месяцев назад +323

    I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains within months, I'm really just confused at this point.

    • @lucaswilliams9992
      @lucaswilliams9992 8 месяцев назад +1

      I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

    • @JamesScott433
      @JamesScott433 8 месяцев назад +1

      A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

    • @brianwhitehawker1756
      @brianwhitehawker1756 8 месяцев назад +1

      Mind if I ask you recommend this particular professional you use their service? I’m in dire need for one

    • @JamesScott433
      @JamesScott433 8 месяцев назад

      My advisor is LEILA SIMOES PINTO. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

    • @codeblue11
      @codeblue11 8 месяцев назад

      Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

  • @alicebenard5713
    @alicebenard5713 6 месяцев назад +73

    Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

    • @SophiaBint-wj8wn
      @SophiaBint-wj8wn 6 месяцев назад

      Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

    • @RyanContreras72
      @RyanContreras72 6 месяцев назад

      I subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your adviser

    • @alicebenard5713
      @alicebenard5713 6 месяцев назад

      Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

    • @user-cr8nd1sy8e
      @user-cr8nd1sy8e 6 месяцев назад

      Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

    • @blessingpaul5484
      @blessingpaul5484 6 месяцев назад

      I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

  • @mathebulamkhize876
    @mathebulamkhize876 Год назад +117

    For a few months now I have been searching tirelessly for information on how to start investing. I even payed $1000 for a course that I now regret. It appears that there is no structured guided for beginners on how to get started in this realm. I’ve came across several investors making well over $250k/annual and I would be grateful if anyone on here could provide insights on how to get started, identity potential stocks, when to make an entry, exit etc.

    • @shivamraj_1o1
      @shivamraj_1o1 Год назад +6

      Woah!!! a whole family of bots 😂

    • @karmanyaraut7706
      @karmanyaraut7706 Год назад +2

      Bots bots

    • @pranaya_prajnya
      @pranaya_prajnya Год назад

      Learn and try not to be parasite
      learn, apply, learn, apply better way....

    • @AK-sk6jj
      @AK-sk6jj 2 месяца назад

      Dhirubhai Ambani didn't pay 1000k dollars yet his company is Indians richest.

  • @chandukancharla
    @chandukancharla 11 месяцев назад +12

    REIT - No control on property
    HDFC/ HUL - also no control on company..
    So why is it a bad investment?

    • @mansishivhare55555
      @mansishivhare55555 Месяц назад

      Because Return % in REIT is comparatively less than HDFC/HUL

  • @shilpanagbhushan7379
    @shilpanagbhushan7379 Год назад +166

    Totally agree with you , "Our energy should go towards generating more income stream". 😊

  • @AzharKhan-jh2ob
    @AzharKhan-jh2ob Год назад +28

    haven't seen a better explanation than this on personal finance. Simply great.

  • @ellamezo
    @ellamezo Год назад +226

    The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated

    • @kevsmills
      @kevsmills Год назад

      You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings

    • @jacobelord
      @jacobelord Год назад +1

      @@kevsmills *Right, I've been in constant touch with a fiinancial-analyst since covid . You know these days it's really easy to buy into trending stock`s, but the task is determining when to buy or sell . My advisorr decides entry and exit commands on my portfoliio, I've accrued over $550k from an initially stagnant reserve of $150K.

    • @ardeand
      @ardeand Год назад

      @@jacobelord wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

    • @jacobelord
      @jacobelord Год назад +1

      @@ardeand Isabel Linda Dueri

    • @jacobelord
      @jacobelord Год назад

      You can easily look her up, she has years of financial market experience.

  • @siddheshkhaitan6287
    @siddheshkhaitan6287 Год назад +4

    Thank you for this crisp and impactful video! I connect with your spirit! More power to you ❤️👍

  • @SumitBisht0
    @SumitBisht0 Год назад +86

    bitter dose of sane advice (medicine). Thank you Akshat for setting up realistic financial tips and pitfalls.

  • @sugarnspice6387
    @sugarnspice6387 Год назад +14

    Yes there are various traps targeted at salaried individuals as they have fixed income, and they know how to remove Money from their pockets for their commissions and profits. You have explained it well this kind of education is very Important to a layman.

  • @vedantabanerjee9556
    @vedantabanerjee9556 Год назад +2

    This was a very helpful video. Thank you very much Akshat ji!

  • @annupmak9
    @annupmak9 Год назад +6

    Really love the content. Every one should know the money strategy. We should make more content about financial literacy, as all these topics are not in our educational curriculum.

  • @RBMAJOULE
    @RBMAJOULE Год назад +402

    Request for an update on B4EQAV. Your the man, keep up the hard work in the depths of this bear market and we will all be asking “what’s a few trillion among friends

  • @raj582007
    @raj582007 Год назад +29

    I have seen the 12% club ad on youtube like 12000 times now. Seems like they are putting a lot of money into advertising. Glad that you are making such videos to warn new investors. Thank you!

    • @anandaramanmoorthy
      @anandaramanmoorthy Год назад +1

      I tried it for a couple of months. Interest was credited. Glad I redeemed all my money.

  • @saurabhs3221
    @saurabhs3221 Год назад +3

    Thanks for another amazingly-informative-eye-opening video, Akshat.

  • @YTShortskingdom
    @YTShortskingdom Год назад

    very very informative video. thank you sir

  • @houssinma7148
    @houssinma7148 Год назад +773

    He is a visionary. B4EQAV is a long hold

  • @mspsude6062
    @mspsude6062 Год назад +505

    Beautiful content im bullish for B4EQAV this is awesome 👌 tech analysis 👍

  • @RajSekharK
    @RajSekharK Год назад +3

    This vide is gold. Would love to be part of your community where you teach more and other similar minded people gather.

  • @deepakpathak8160
    @deepakpathak8160 Год назад +3

    Thanks sir for sharing such wonderful knowledge with the help of day to day examples. ❤️

  • @sahastra100
    @sahastra100 Год назад +3

    Very nice and informative. Thanks for sharing.

  • @umasahana
    @umasahana Год назад +42

    Such clarity of thoughts and explained in a simple to understand language…. Thanks Akshath great job 👍

  • @ShaikMoAbdullah
    @ShaikMoAbdullah Год назад +3

    I love your points Akhshat. Thanks for your effort. Very informative.

  • @dr.samuelalexander2655
    @dr.samuelalexander2655 Год назад

    Excellent advice and lessons! Keep it up!

  • @harshmishra4793
    @harshmishra4793 Год назад +4

    Currently not in the any trap, but learning about the same is very interesting !

  • @pankajkumar-tp3qo
    @pankajkumar-tp3qo Год назад +26

    Overall conclusion as a low income people like me is that we have to increase our income and keep learning new skills to increase our chances to become wealthy in coming times with tips of wealthy people.. If we keep thinking 25 din me paisa double scheme then our capital and savings also going to be zero..

    • @kspradeep8397
      @kspradeep8397 Год назад +6

      Simple logic: reduce your monthly expenses but don't be too desperate to earn extra income. Desperation leads to taking wrong steps in life. Stay calm, peaceful and conservative. That alone shall show you the road. Being impulsive, over enthusiastic, angry, sad, depressive, demotivative won't help you anything. Just cut down expenses like outdoor eating and unwanted travel. Cook your own food , it shall be healthy and tasty as well. If you don't know cooking then learn it from RUclips. I learnt all dishes during lockdown and now I my free time I love to cook food and other sweets as I am fed up with dirty eatery outlets and many a times I had too much loose motion bcoz of eating outside food

  • @2605deepak
    @2605deepak Год назад +7

    One of the best videos on Personal Finance.. Especially the mention of Physical Assets vs Paper Assets.. Very very few so called Personal Finance Influencers understand this as majority would preach for SGBs, etc. only.. Amazing work and most honest work ever found on Internet in this space.. please keep up the good work..

  • @nandinimutreja9540
    @nandinimutreja9540 11 месяцев назад

    Wonderful, thanks for the guidance with so much clarity

  • @medhadesai3798
    @medhadesai3798 Год назад +6

    I agree completely with your viewpoint of financial and time freedom

  • @idagoli4029
    @idagoli4029 Год назад +5

    Amazing video on point i personally think people should be held accountable for promoting such schemes and apps just for some commission .

  • @bloom_ms
    @bloom_ms 11 месяцев назад +3

    Wow, I just found your account a week ago and been going through videos, and seriously I find it very useful.
    There are tons of stuff I youtube about finance but giving a perspective is really rare and I'm so thankful you provide the Truth without sensationalizing or sugar coating, so glad to have found the channel it amazing, kudos to you🎉

  • @deshmukhsantosh
    @deshmukhsantosh Год назад +11

    Very nicely covered Akshat ❤
    I invest myself after studying details of business and physical presence of its products or assets. I strongly feel that there should be a separate stock exchange only for investors to invest in fundamentally strong companies. People will not fall to operators and traders games.

  • @SharanRavishankarSharanOz
    @SharanRavishankarSharanOz Год назад +4

    An average salaried class people have equities to invest in and make the dividends and profits one book as passive income. After that, they have bond buying or debt instruments. Can't afford real estate. Can't store physical gold as the rich do. Equities if done correctly are more rewarding than debt/bonds and SGB. Concluding equities is the only way till we become rich enough to diversify into physical gold, hedge funds and real estate.

  • @mizah8156
    @mizah8156 Год назад +322

    Thank you for the update B4EQAV is done right, and waiting is part of the process,

    • @adityabarve3604
      @adityabarve3604 Год назад

      B4EQAV ??

    • @anujpeelwan
      @anujpeelwan Год назад +5

      @@adityabarve3604 don't mind...it is a bot
      A trap...don't fall for it.

    • @dhachidharshini3750
      @dhachidharshini3750 Год назад

      @@anujpeelwan why all the comments are about B4EQAV?

  • @shriyasharma4827
    @shriyasharma4827 Год назад

    THANKYOU. really helpful and very well explained.

  • @rakeshchopra9400
    @rakeshchopra9400 3 месяца назад

    totally agree with you.such a good clarity

  • @devendernarula
    @devendernarula Год назад +9

    Dear Akshat . great video and content . and great advice . please keep putting more content like this and don't change yourself :)

  • @abdulgaffoor178
    @abdulgaffoor178 Год назад +3

    Mr.Akshat , you are a great human being.
    The best service a human can give to other humans is showing them the right path to protect them from atrocities. BE BLESSED.

  • @ThePhantomdrifter
    @ThePhantomdrifter Год назад

    Thank you for the advice.

  • @MrSanjaykedare234
    @MrSanjaykedare234 Год назад

    Thank you Akshay.

  • @apoemadaywithkk4660
    @apoemadaywithkk4660 Год назад +64

    Absolutely love your content, Akshat. Not just the content and presentation, but also your calm and composed demeanor while speaking. Also, appreciate how you have still not caved into the pressure of the current government using RUclipsrs to misrepresent the facts and image building.

    • @Akshat.247
      @Akshat.247 Год назад

      ᴛʜᴀɴᴋs̶⬆️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ⬆️ғᴏʀ ᴍᴇɴᴛᴏʀs̶ʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs̶ ᴡʜᴀs̶ᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.🎊

    • @nahidsyyed906
      @nahidsyyed906 Год назад +3

      Calm n composed? He rushes like shataabdi.. 😊

    • @gauravsarora7957
      @gauravsarora7957 Год назад +4

      What does current government have to do with this?

    • @BhaskarS19
      @BhaskarS19 Год назад +2

      @@gauravsarora7957 anybody worth the salt got to say something abt the govt - that's the trend 😆 & with added angle of Ayushi being DD @ MOF 😎

  • @MoneyStrategiesSOULutions
    @MoneyStrategiesSOULutions Год назад +6

    FYI, In the USA, you have insurance that gives us consistently 9% in return (IF the insurance agent know how to structure it properly), which you can start to withdraw 1 or 7 years later. But yes, for protection, it is crucial as well. What a great video btw!

  • @navdeepsingh7719
    @navdeepsingh7719 Год назад +2

    Sir thankyou for the valuable knowledge..

  • @vijaypm9732
    @vijaypm9732 Год назад

    Very Well explained, Thank you!

  • @uditjain1067
    @uditjain1067 Год назад +13

    Didn't agree with the Sovereign gold bond logic.
    SGB is anyday better than investment in physical gold since it mirrors gold prices and gives 2.5% interest above it. And there is almost a zero percent change of the Indian government defaulting.
    If you assume such a scenario then there is actually no asset class to invest your money.

    • @mr.siddharthtyagi
      @mr.siddharthtyagi Год назад +1

      Investment in gold, if done for the purpose of price speculation then SGB is great. But look at the 100 year chart of gold. Its possible that in your lifetime it goes nowhere, unless you swing trade. Its price only appreciates if someone else is willing to pay more for it without the existence of intrinsic value, something we call the greater fool theory.
      And if done for the purpose of hedging your risk (not financial, but a very serious negative event) then that is when physical gold comes into play and SGB will leave anyone just sucking their thumb.

  • @RaviG-bv4yd
    @RaviG-bv4yd Год назад +3

    Very well done Akshat. One other point that naturally fits into your narrative is cumulative effect of long-term investing.

  • @rajeev4243
    @rajeev4243 9 месяцев назад

    An excellent video..makes a lot of sense and outs a lot of modern day apps, into perspective

  • @snehashreeswain
    @snehashreeswain Год назад

    Thank u sir ... Keep this wise work

  • @debasishraychawdhuri
    @debasishraychawdhuri Год назад +8

    I think "generating more income stream" is really hard. Think about it, if everyone owns a business, who is working in those businesses?
    So, I am still renting - so I am on the correct track.
    I am putting my savings into mutual funds. I know that there is commission to the manager, but I simply cannot spend my days researching stocks. This commission is disclosed.

  • @urvinodh
    @urvinodh Год назад +16

    Hilarious that you said the middle class gets trapped and the rich class creates traps with shiny objects. Absolutely true!

    • @ofAwxen
      @ofAwxen Год назад

      When the rich create "multiple income streams", that money has to come from somewhere. And it comes from conning the middle and lower classes. It's a game where only a few can win. So sadly, Akshat's advice is not universally applicable.

  • @abdulsatthar3548
    @abdulsatthar3548 5 месяцев назад

    Thank You for the sincere advice..!! ❤❤🙏

  • @MumBorne
    @MumBorne 2 месяца назад

    Very well explained..
    Thanks man!!

  • @GrowthBusiness369
    @GrowthBusiness369 Год назад +38

    Great Video Akshat. I feel the biggest trap after home loan is Car Loan. I have personally been a #MotorHead but drooling on cars vs spending 50% of your monthly income on a car EMI are two separate things.

    • @tapashghosh2920
      @tapashghosh2920 Год назад

      While home loan is still understandable as home is an asset which appreciate while car is a loosing its value with each passing year till it becomes junk, no logic taking loan for it, except trying to impress girls 😀

    • @tk200895
      @tk200895 11 месяцев назад +5

      here is some wisdom from - car is just a tool to take you from place A to B; so buy the cheapest one that works for you instead of getting caught in the middle class show-off trap.

    • @lopamudra5307
      @lopamudra5307 11 месяцев назад +2

      ​@@tk200895cannot stress on this enough ! Seen so many upper middle class burning fifty percent of the salary in fancy cars just to show they have arrived

    • @jais7981
      @jais7981 10 месяцев назад +1

      ​@@tk200895totally agreed

  • @nation1280
    @nation1280 Год назад +4

    Thanks for information, sir👌🏻👌🏻✌✌✨✨

    • @Akshat.247
      @Akshat.247 Год назад

      ᴛʜᴀɴᴋs̶⬆️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ⬆️ғᴏʀ ᴍᴇɴᴛᴏʀs̶ʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs̶ ᴡʜᴀs̶ᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.🎊

  • @debanikroy7496
    @debanikroy7496 Год назад

    Thanks for sharing❤❤❤❤.

  • @proloymitra1107
    @proloymitra1107 Год назад +1

    Thank you for the informative video.

  • @vedantc.1710
    @vedantc.1710 Год назад +5

    Thank you so much Akshat

    • @parvjain946
      @parvjain946 Год назад +1

      Pehle dekh toh le

    • @vedantc.1710
      @vedantc.1710 Год назад

      @@parvjain946 😂😂 baat toh sahi hai bro

  • @girishpotti2242
    @girishpotti2242 Год назад +16

    You nailed it 😉
    I have seen many old people investing in these Apps thinking that they are tech savvy 😊. I will definitely forward your video to them and my friends 😊

    • @ageless1003
      @ageless1003 Год назад +1

      Old people with pensions are prime target of such apps.

  • @aljonarcillas7787
    @aljonarcillas7787 2 месяца назад

    Thank you so much for the knowledge you shared

  • @ayyanarp5394
    @ayyanarp5394 Год назад

    Awesome presentation and true words. Thank u

  • @atishayjain9292
    @atishayjain9292 Год назад +6

    You have explained it really well Akshat, keep the good work going :)

  • @AnwarKhan_786
    @AnwarKhan_786 Год назад +15

    The house that I brought has given me immense joy, peace of mind and great gardening joys. Whereas all the money that i continuously poured in my business has just vaporized. If i had invested the same amount in purchasing my neighboring properties I would have been very well off.. In India with burgeoning population and few legal houses property remains the king.

    • @bloodthirstyworks
      @bloodthirstyworks Год назад +2

      Lol it just means you are terrible at business

    • @keshavaraja3537
      @keshavaraja3537 Год назад

      The point which you were discussing is early 2k's. At that time if u taken home loan the land price will get appericiated but right the value of real estate price and building cost is too high.

    • @AnwarKhan_786
      @AnwarKhan_786 Год назад +1

      @@keshavaraja3537 Yes. l brought properties around Mumbai from ~2002 to around 2006. They doubled in value every about 4 years till about 2015.. Now I get around the same value as in ~~2013. But its like gold, price remains flat for decades and suddenly it starts rising. For now there's no demand or business either.

    • @keshavaraja3537
      @keshavaraja3537 Год назад

      @@AnwarKhan_786Yes it's past but here we were discussing present situation .Do you think still real estate price will go high from right now? May be 2~3 %

    • @bloodthirstyworks
      @bloodthirstyworks Год назад

      @Kurpatuki Loombidaba Yeah yeah sure... You follow your own advice lol. I ll be happy retiring wealthy.

  • @NishaSubramaniyan
    @NishaSubramaniyan Год назад

    The content is so thoughtful and clear. Thanks Akshat!

  • @corycocoa
    @corycocoa Год назад

    Thank you! Finally somebody sharing honest advice based on common sense. Great information

  • @ragacbe
    @ragacbe Год назад +8

    Looks like you are learning lot of things and doing course corrections on yourself, happy about it. I say this because in your earlier days you used to talk more on reducing spendings than on increasing the incomes. Those days I used to think why you share such bad ideas. And now you rightly have come into the viewpoint that increasing the income is way superior and important than cutting short few spendings!

    • @Akshat.247
      @Akshat.247 Год назад

      ᴛʜᴀɴᴋs̶⬆️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ⬆️ғᴏʀ ᴍᴇɴᴛᴏʀs̶ʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs̶ ᴡʜᴀs̶ᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.🎊

  • @curiouscynic4357
    @curiouscynic4357 Год назад +3

    Hugely helpful giving insights into various options. Diversification of the sources of income seems to be the key and the stage in your life. Not keen on getting rich overnight! It takes huge amount of time and patience with hard work to become rich which is ALWAYS possible. Rich is not synonymous to happy.

  • @estelitamathew5090
    @estelitamathew5090 Год назад

    Very informative. Thanx

  • @bhattacharjeepadmanabha007
    @bhattacharjeepadmanabha007 Год назад

    Awesome video with a lot of insights...Thank you very much for sharing such invaluable information with us😊

  • @user-vg1bk9ux6r
    @user-vg1bk9ux6r Год назад +9

    In short calculative investing and diversification of funds! Thank you Akshat for such easy to understand content which is required for many people that don't understand the dynamics of money and how the financial world works! God bless.......

  • @abhishelke123
    @abhishelke123 Год назад +7

    Richness is what money brings and standard of living is what money can't take away.

  • @CredIndia
    @CredIndia Год назад +2

    Great insight about money explained.
    You are a true new rebellion against traditional myths/thoughts about money.
    You are the 1st person on RUclips to say " Money is a mean to Live a Life, to be satisfied, to build businesses that have some true social impact and many non-conventional ways to look on money.
    Thank you so much. You are doing great work. Keep this up.

  • @chan400
    @chan400 Год назад

    Excellent video. You have put some very useful tips together nicely.

  • @SuperArindam1982
    @SuperArindam1982 Год назад +3

    True, if I pay rent it will be much less than half of the EMI and also have freedom to move from 1 city to another and when about to retire then invest in real estate like what my father did and when I say real estate it will be not flat which is depreciating.

  • @GregAren121
    @GregAren121 11 месяцев назад +9

    Trading comes with a lot of benefits. And I have bought. My first house through it.
    As a newbie I was skeptical about losing my hard earned money
    But am glad I took a bold step that has changed my whole life tremendously

    • @PeytonJackson819
      @PeytonJackson819 11 месяцев назад

      Congratulations

    • @PeytonJackson819
      @PeytonJackson819 11 месяцев назад

      I would love to be your friend, for sharing this idea that you have been benefiting from

    • @Matose783
      @Matose783 11 месяцев назад

      Is not as easy as you may think,
      Rather than you having a proper investment plan.
      Trading with a trust and worthy expert is highly recommended here.

    • @Hilarywhite54
      @Hilarywhite54 11 месяцев назад

      Trading with a trust and worthy expert is highly recommended here.

    • @Agneschloe
      @Agneschloe 11 месяцев назад

      Watching professional trading videos. Most especially connecting with the right person
      Because the digital world is full of charlatans
      I

  • @basheerahmed1416
    @basheerahmed1416 Год назад

    Thank you, interesting & thought provoking insights

  • @rmazim500
    @rmazim500 Год назад

    Excellent informative video.

  • @manu053299
    @manu053299 Год назад +6

    Can you please provide an update on Vauld liquidation process and what is currently happening

  • @benedictarnold8506
    @benedictarnold8506 Год назад +67

    This was brilliantly put together. I've been following your videos for over a year now and with professional help, I'm making progress with my investments decisions.

    • @benedictarnold8506
      @benedictarnold8506 Год назад +2

      Never stop dreaming. Be hungry and never stop believing in your dreams. If someone can do it, you can do it. Be strong

  • @panktibardolia
    @panktibardolia Год назад

    This was really helpful. I do agree with you.

  • @1377sv
    @1377sv 4 месяца назад +2

    Not every one is business savvy so buying real estate isn’t as bad since it puts a discipline called paying EMI every month
    Yes call me a middle class mindset and I gleefully admit it but business ideas can’t be gospelled on to a larger audience.

  • @sarjanshah1522
    @sarjanshah1522 Год назад +17

    Thank you for the informational video, Akshat! That said, I believe that your perspective about owning REIT stocks versus physical real asset could have been more well-balanced. Unlike owning physical real asset, REITs offer the prospects of higher liquidity, diversification, and professional management. Professionally managed REITs are able to achieve profitable 'spreads' (return on invested capital minus cost of capital) by investing funds in specialized and/or diversified sectors. As REITs are required to return a very high % of taxable income to investors, it offers higher liquidity than owing physical real estate. REITs is a relatively less explored concept in India, but it is gaining increased popularity in the US. Finally, several rich investors are selling their rental properties and reallocating these funds to REITs.

    • @haroldrios4050
      @haroldrios4050 Год назад +4

      Touché. Not to mention the messy part of dealing with tenants who might pay or not pay the rent, broken toilets, busted water pipes in the middle of the night, or leaking roofs. Oh and the awesome tenants who destroy your property while leaving in it. None of these are an issue with REITS.

  • @puregold24carats
    @puregold24carats Год назад +16

    That's right having multiple streams of income is essential to acquire financial freedom and be financially stable

  • @AkashSingh-ol7ov
    @AkashSingh-ol7ov Год назад

    Really great video❤ eye opener. Thanks for making this video Akshat

  • @morrisgarage8887
    @morrisgarage8887 9 месяцев назад

    Great advice worth noting. Thanks. Multiple sources of income are indeed important.

  • @siddharthghosh8750
    @siddharthghosh8750 Год назад +3

    It's the very essence of forming a company. A separate legal entity with limitel liability.

  • @arijitgoswami3652
    @arijitgoswami3652 Год назад +18

    I can't resist commenting on this video. Akshat, you are an amazing person. Such tips from a Finance Expert like you would really help thousands. Really love your content, brother.

  • @Arjunramdwar
    @Arjunramdwar Год назад

    Informative ❤❤

  • @gauravsolanki4406
    @gauravsolanki4406 Год назад

    Seen a lot of videos, your content is really practical and understandable to common man. Thank You.

  • @dbm6231
    @dbm6231 Год назад +13

    Akshat bro. I thank you for subtitles. I am Deaf, profound Deaf and wishes to enjoy your contents as well. Thanks for it.

    • @Akshat.247
      @Akshat.247 Год назад

      ᴛʜᴀɴᴋs̶⬆️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ⬆️ғᴏʀ ᴍᴇɴᴛᴏʀs̶ʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs̶ ᴡʜᴀs̶ᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.🎊

  • @nyrasingh
    @nyrasingh Год назад +5

    Thank you Akshat, I was contemplating investing in a SharkTank pitch. Now I know what to do. Really thankful for the timely intervention. The video could not have come at a better time. Wish you greater success in all your ventures.

  • @tapankumardas6279
    @tapankumardas6279 Год назад +1

    Thanks a lot for all your efforts to make financially literate to all the new and middle class investors.

  • @ankurmisra7887
    @ankurmisra7887 Год назад

    Well articulated topic

  • @ebubekirguclu2550
    @ebubekirguclu2550 9 месяцев назад +3

    I started to look into NFTs to build more my knowledge. Your video was simple and very enjoyable to watch so thank you for publishing this content. I personally think this revolutionary way of buying /selling art or actually anything that can be classified as a virtual asset will need to be watched very closely. The sector is still widely unregulated and those activities can conceal massive risks of money laundering and financial crime at many levels. There was no case of money laundering or any suspicious activities when I made the decision to join *VRI TOKEN*

  • @Vikturneer
    @Vikturneer Год назад +20

    I read a report by Northwestern Mutual on the same topic and found that if I choose to put a lump sum into solid investments, I am more likely to have a higher balance over time. Being a novice at the time, I saw that as a queue to get into the market. That was quite the turning point in my finance.

    • @Vikturneer
      @Vikturneer Год назад +3

      @@Otieno358As I said, I was a novice and I got to know an astute fund manager, Herman W Jonas, who is guiding me through the process. I put in $30k as capital spread across stocks, ETFs, and Forex with his guidance and I’ve made a return of $103k within trading span. I'm slowly but perfectly building my portfolio by putting money into the market at a consistent pace.

    • @OlineFarms
      @OlineFarms Год назад +2

      That idea is applicable in all aspects of life. With experienced hands, you generally, get things done more efficiently. Smart people know this already.

    • @Sithembile499
      @Sithembile499 11 месяцев назад +1

      @@Vikturneer Is there a means to reach him?

    • @Vikturneer
      @Vikturneer 11 месяцев назад +1

      @@Sithembile499 Sure,
      Hermanw jonas (a g mal comm

    • @Sithembile499
      @Sithembile499 11 месяцев назад

      I appreciate your response. I left him a mail. I’m excited to start my investment journey!

  • @rakeshdivya4498
    @rakeshdivya4498 Год назад

    Absolute sense in all your points !!!