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

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Akshat Shrivastava

Akshat Shrivastava

Күн бұрын

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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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Attributions:
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Пікірлер: 1 500
@AkshatZayn
@AkshatZayn Жыл бұрын
►You can talk to Ditto to sort out all your health/life insurance-related queries: joinditto.in/?Akshat_Shrivastava&KZbin&CA_B&Video_I ___________________ 👉 My Investment Summit in Mumbai (4-day power packed event!) [Currently at 20%+ discount for first 100 sign-ups]: rzp.io/l/AkshatMumAug24 ______________________________ 👉 Join India's biggest investor community (only at 159/month): kzbin.info/door/qW8jxh4tH1Z1sWPbkGWL4gjoin ______________________________ 👉 You can register for my upcoming events: linktr.ee/akshatshrivastava.world ______________________________
@puru246
@puru246 Жыл бұрын
Akshat Can't you stop this kind of fraud people using your name , in comment section
@nileshlodaya2579
@nileshlodaya2579 Жыл бұрын
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 Жыл бұрын
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 Жыл бұрын
@@nileshlodaya2579 a
@vishalkhanna1476
@vishalkhanna1476 Жыл бұрын
Natural Gas Commodity 2 yrs low accumalate
@SoulfulPerspectives7
@SoulfulPerspectives7 Жыл бұрын
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 Жыл бұрын
summary in short 😄
@DoodleDoo
@DoodleDoo Жыл бұрын
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 Жыл бұрын
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 Жыл бұрын
Thank you
@aanariAntabri
@aanariAntabri 9 ай бұрын
​@@kalaiselvan5906that's why successful KZbinrs follow reel policy, which is a revolutionary idea💡 wherein depending on interest level, one can always visit the KZbin with link provided in reels.
@pabawathieperera9118
@pabawathieperera9118 11 ай бұрын
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 ай бұрын
Yes
@BidenIsPoTUS.JFK.
@BidenIsPoTUS.JFK. 3 ай бұрын
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 3 ай бұрын
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 3 ай бұрын
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. 3 ай бұрын
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 3 ай бұрын
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. 3 ай бұрын
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.
@chandukancharla
@chandukancharla 10 ай бұрын
REIT - No control on property HDFC/ HUL - also no control on company.. So why is it a bad investment?
@mansishivhare55555
@mansishivhare55555 7 күн бұрын
Because Return % in REIT is comparatively less than HDFC/HUL
@AzharKhan-jh2ob
@AzharKhan-jh2ob Жыл бұрын
haven't seen a better explanation than this on personal finance. Simply great.
@shilpanagbhushan7379
@shilpanagbhushan7379 Жыл бұрын
Totally agree with you , "Our energy should go towards generating more income stream". 😊
@globalinvestor6120
@globalinvestor6120 Жыл бұрын
Your from Bangalore
@geraldt331
@geraldt331 7 ай бұрын
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 7 ай бұрын
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 7 ай бұрын
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 7 ай бұрын
Mind if I ask you recommend this particular professional you use their service? I’m in dire need for one
@JamesScott433
@JamesScott433 7 ай бұрын
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 7 ай бұрын
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.
@siddheshkhaitan6287
@siddheshkhaitan6287 Жыл бұрын
Thank you for this crisp and impactful video! I connect with your spirit! More power to you ❤️👍
@raj582007
@raj582007 Жыл бұрын
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 Жыл бұрын
I tried it for a couple of months. Interest was credited. Glad I redeemed all my money.
@sugarnspice6387
@sugarnspice6387 Жыл бұрын
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 Жыл бұрын
This was a very helpful video. Thank you very much Akshat ji!
@YTShortskingdom
@YTShortskingdom Жыл бұрын
very very informative video. thank you sir
@sahastra100
@sahastra100 Жыл бұрын
Very nice and informative. Thanks for sharing.
@medhadesai3798
@medhadesai3798 Жыл бұрын
I agree completely with your viewpoint of financial and time freedom
@alicebenard5713
@alicebenard5713 5 ай бұрын
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 5 ай бұрын
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 5 ай бұрын
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 5 ай бұрын
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 5 ай бұрын
Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
@blessingpaul5484
@blessingpaul5484 5 ай бұрын
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 Жыл бұрын
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 Жыл бұрын
Woah!!! a whole family of bots 😂
@karmanyaraut7706
@karmanyaraut7706 Жыл бұрын
Bots bots
@pranaya_prajnya
@pranaya_prajnya Жыл бұрын
Learn and try not to be parasite learn, apply, learn, apply better way....
@AK-sk6jj
@AK-sk6jj Ай бұрын
Dhirubhai Ambani didn't pay 1000k dollars yet his company is Indians richest.
@SumitBisht0
@SumitBisht0 Жыл бұрын
bitter dose of sane advice (medicine). Thank you Akshat for setting up realistic financial tips and pitfalls.
@vishalkhanna1476
@vishalkhanna1476 Жыл бұрын
Can we buy Natural gas on dips????
@umasahana
@umasahana Жыл бұрын
Such clarity of thoughts and explained in a simple to understand language…. Thanks Akshath great job 👍
@annupmak9
@annupmak9 Жыл бұрын
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.
@saurabhs3221
@saurabhs3221 Жыл бұрын
Thanks for another amazingly-informative-eye-opening video, Akshat.
@RajSekharK
@RajSekharK Жыл бұрын
This vide is gold. Would love to be part of your community where you teach more and other similar minded people gather.
@mspsude6062
@mspsude6062 Жыл бұрын
Beautiful content im bullish for B4EQAV this is awesome 👌 tech analysis 👍
@rajeshnangia7410
@rajeshnangia7410 Жыл бұрын
Hi,akshat,bang on....crisp and clear vdo. Also do enlighten us on ur south goa property....looks v.beautiful
@deepakpathak8160
@deepakpathak8160 Жыл бұрын
Thanks sir for sharing such wonderful knowledge with the help of day to day examples. ❤️
@ShaikMoAbdullah
@ShaikMoAbdullah Жыл бұрын
I love your points Akhshat. Thanks for your effort. Very informative.
@harshmishra4793
@harshmishra4793 Жыл бұрын
Currently not in the any trap, but learning about the same is very interesting !
@2605deepak
@2605deepak Жыл бұрын
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..
@vishalkhanna1476
@vishalkhanna1476 Жыл бұрын
Can we buy Natural gas on dips????
@rajeev4243
@rajeev4243 9 ай бұрын
An excellent video..makes a lot of sense and outs a lot of modern day apps, into perspective
@manu053299
@manu053299 Жыл бұрын
Can you please provide an update on Vauld liquidation process and what is currently happening
@abdulgaffoor178
@abdulgaffoor178 Жыл бұрын
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.
@nandinimutreja9540
@nandinimutreja9540 10 ай бұрын
Wonderful, thanks for the guidance with so much clarity
@morrisgarage8887
@morrisgarage8887 8 ай бұрын
Great advice worth noting. Thanks. Multiple sources of income are indeed important.
@idagoli4029
@idagoli4029 Жыл бұрын
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 ай бұрын
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🎉
@shriyasharma4827
@shriyasharma4827 11 ай бұрын
THANKYOU. really helpful and very well explained.
@dr.samuelalexander2655
@dr.samuelalexander2655 Жыл бұрын
Excellent advice and lessons! Keep it up!
@pankajkumar-tp3qo
@pankajkumar-tp3qo Жыл бұрын
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 Жыл бұрын
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 KZbin. 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
@RaviG-bv4yd
@RaviG-bv4yd Жыл бұрын
Very well done Akshat. One other point that naturally fits into your narrative is cumulative effect of long-term investing.
@navdeepsingh7719
@navdeepsingh7719 Жыл бұрын
Sir thankyou for the valuable knowledge..
@bhattacharjeepadmanabha007
@bhattacharjeepadmanabha007 Жыл бұрын
Awesome video with a lot of insights...Thank you very much for sharing such invaluable information with us😊
@devendernarula
@devendernarula Жыл бұрын
Dear Akshat . great video and content . and great advice . please keep putting more content like this and don't change yourself :)
@vishalkhanna1476
@vishalkhanna1476 Жыл бұрын
Can we buy Natural gas on dips????
@nation1280
@nation1280 Жыл бұрын
Thanks for information, sir👌🏻👌🏻✌✌✨✨
@Akshat.247
@Akshat.247 Жыл бұрын
ᴛʜᴀɴᴋs̶⬆️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ⬆️ғᴏʀ ᴍᴇɴᴛᴏʀs̶ʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs̶ ᴡʜᴀs̶ᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.🎊
@corycocoa
@corycocoa Жыл бұрын
Thank you! Finally somebody sharing honest advice based on common sense. Great information
@gauravsolanki4406
@gauravsolanki4406 Жыл бұрын
Seen a lot of videos, your content is really practical and understandable to common man. Thank You.
@RBMAJOULE
@RBMAJOULE Жыл бұрын
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
@MoneyStrategiesSOULutions
@MoneyStrategiesSOULutions Жыл бұрын
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!
@varunramesh123
@varunramesh123 7 ай бұрын
That was a really nice and informative video. I hope ur able to influence more people and benefit the society
@abdulsatthar3548
@abdulsatthar3548 4 ай бұрын
Thank You for the sincere advice..!! ❤❤🙏
@deshmukhsantosh
@deshmukhsantosh Жыл бұрын
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.
@apoemadaywithkk4660
@apoemadaywithkk4660 Жыл бұрын
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 KZbinrs to misrepresent the facts and image building.
@Akshat.247
@Akshat.247 Жыл бұрын
ᴛʜᴀɴᴋs̶⬆️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ⬆️ғᴏʀ ᴍᴇɴᴛᴏʀs̶ʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs̶ ᴡʜᴀs̶ᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.🎊
@nahidsyyed906
@nahidsyyed906 Жыл бұрын
Calm n composed? He rushes like shataabdi.. 😊
@gauravsarora7957
@gauravsarora7957 Жыл бұрын
What does current government have to do with this?
@BhaskarS19
@BhaskarS19 Жыл бұрын
@@gauravsarora7957 anybody worth the salt got to say something abt the govt - that's the trend 😆 & with added angle of Ayushi being DD @ MOF 😎
@rakeshchopra9400
@rakeshchopra9400 3 ай бұрын
totally agree with you.such a good clarity
@ThePhantomdrifter
@ThePhantomdrifter Жыл бұрын
Thank you for the advice.
@houssinma7148
@houssinma7148 Жыл бұрын
He is a visionary. B4EQAV is a long hold
@ellamezo
@ellamezo Жыл бұрын
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 Жыл бұрын
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 Жыл бұрын
@@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 Жыл бұрын
@@jacobelord wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
@jacobelord
@jacobelord Жыл бұрын
@@ardeand Isabel Linda Dueri
@jacobelord
@jacobelord Жыл бұрын
You can easily look her up, she has years of financial market experience.
@vijaypm9732
@vijaypm9732 Жыл бұрын
Very Well explained, Thank you!
@snehashreeswain
@snehashreeswain Жыл бұрын
Thank u sir ... Keep this wise work
@GrowthBusiness369
@GrowthBusiness369 Жыл бұрын
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 Жыл бұрын
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 ай бұрын
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 10 ай бұрын
​@@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 9 ай бұрын
​@@tk200895totally agreed
@debasishraychawdhuri
@debasishraychawdhuri Жыл бұрын
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.
@tapankumardas6279
@tapankumardas6279 Жыл бұрын
Thanks a lot for all your efforts to make financially literate to all the new and middle class investors.
@MrSanjaykedare234
@MrSanjaykedare234 Жыл бұрын
Thank you Akshay.
@Blurufoodaz
@Blurufoodaz Жыл бұрын
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
@user-vg1bk9ux6r
@user-vg1bk9ux6r Жыл бұрын
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.......
@proloymitra1107
@proloymitra1107 Жыл бұрын
Thank you for the informative video.
@ayyanarp5394
@ayyanarp5394 Жыл бұрын
Awesome presentation and true words. Thank u
@urvinodh
@urvinodh Жыл бұрын
Hilarious that you said the middle class gets trapped and the rich class creates traps with shiny objects. Absolutely true!
@ofAwxen
@ofAwxen Жыл бұрын
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.
@vedantc.1710
@vedantc.1710 Жыл бұрын
Thank you so much Akshat
@parvjain946
@parvjain946 Жыл бұрын
Pehle dekh toh le
@vedantc.1710
@vedantc.1710 Жыл бұрын
@@parvjain946 😂😂 baat toh sahi hai bro
@rajdr6271
@rajdr6271 8 ай бұрын
Thank you so much for explaining in detail. I clearly see your intention to protect small and middle class investors money. God bless you.
@Accountant2023
@Accountant2023 8 ай бұрын
Great video sir thank you I agree 💯
@uditjain1067
@uditjain1067 Жыл бұрын
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 Жыл бұрын
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.
@girishpotti2242
@girishpotti2242 Жыл бұрын
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 Жыл бұрын
Old people with pensions are prime target of such apps.
@anavgaming191
@anavgaming191 Жыл бұрын
You hit the nail right on the head .verbatimly agreed 👍
@MumBorne
@MumBorne Ай бұрын
Very well explained.. Thanks man!!
@AnwarKhan_786
@AnwarKhan_786 Жыл бұрын
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 Жыл бұрын
Lol it just means you are terrible at business
@keshavaraja3537
@keshavaraja3537 Жыл бұрын
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 Жыл бұрын
@@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 Жыл бұрын
@@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 11 ай бұрын
@Kurpatuki Loombidaba Yeah yeah sure... You follow your own advice lol. I ll be happy retiring wealthy.
@ragacbe
@ragacbe Жыл бұрын
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 Жыл бұрын
ᴛʜᴀɴᴋs̶⬆️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ⬆️ғᴏʀ ᴍᴇɴᴛᴏʀs̶ʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs̶ ᴡʜᴀs̶ᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.🎊
@AkashSingh-ol7ov
@AkashSingh-ol7ov Жыл бұрын
Really great video❤ eye opener. Thanks for making this video Akshat
@RajeshKumar-vq9fs
@RajeshKumar-vq9fs Жыл бұрын
Nice video. It seems you invested in all dimensions n tasted the reality. This video will certainly help the community 👍
@atishayjain9292
@atishayjain9292 Жыл бұрын
You have explained it really well Akshat, keep the good work going :)
@SharanRavishankarSharanOz
@SharanRavishankarSharanOz Жыл бұрын
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.
@estelitamathew5090
@estelitamathew5090 Жыл бұрын
Very informative. Thanx
@Arjunramdwar
@Arjunramdwar Жыл бұрын
Informative ❤❤
@curiouscynic4357
@curiouscynic4357 11 ай бұрын
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.
@SuperArindam1982
@SuperArindam1982 Жыл бұрын
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.
@heroiclegacies
@heroiclegacies Жыл бұрын
Thanks akshat, great job.
@ankurmisra7887
@ankurmisra7887 Жыл бұрын
Well articulated topic
@dbm6231
@dbm6231 Жыл бұрын
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 Жыл бұрын
ᴛʜᴀɴᴋs̶⬆️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ⬆️ғᴏʀ ᴍᴇɴᴛᴏʀs̶ʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs̶ ᴡʜᴀs̶ᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.🎊
@puregold24carats
@puregold24carats Жыл бұрын
That's right having multiple streams of income is essential to acquire financial freedom and be financially stable
@vishalkhanna1476
@vishalkhanna1476 Жыл бұрын
Can we buy Natural gas on dips????
@CredIndia
@CredIndia Жыл бұрын
Great insight about money explained. You are a true new rebellion against traditional myths/thoughts about money. You are the 1st person on KZbin 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.
@debanikroy7496
@debanikroy7496 Жыл бұрын
Thanks for sharing❤❤❤❤.
@mizah8156
@mizah8156 Жыл бұрын
Thank you for the update B4EQAV is done right, and waiting is part of the process,
@adityabarve3604
@adityabarve3604 Жыл бұрын
B4EQAV ??
@anujpeelwan
@anujpeelwan Жыл бұрын
@@adityabarve3604 don't mind...it is a bot A trap...don't fall for it.
@dhachidharshini3750
@dhachidharshini3750 Жыл бұрын
@@anujpeelwan why all the comments are about B4EQAV?
@ebubekirguclu2550
@ebubekirguclu2550 8 ай бұрын
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*
@basheerahmed1416
@basheerahmed1416 Жыл бұрын
Thank you, interesting & thought provoking insights
@chan400
@chan400 Жыл бұрын
Excellent video. You have put some very useful tips together nicely.
@sarjanshah1522
@sarjanshah1522 Жыл бұрын
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 Жыл бұрын
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.
@navnish08
@navnish08 Жыл бұрын
Akshat , please make some videos around home schooling. As always you are awesome and are doing a great job out here in KZbin.
@NishaSubramaniyan
@NishaSubramaniyan Жыл бұрын
The content is so thoughtful and clear. Thanks Akshat!
@desinghl7153
@desinghl7153 Жыл бұрын
very informative, a good learning, thank you bro
@rajendrajoshi127
@rajendrajoshi127 Жыл бұрын
M addicted of your channel sir 🤠
@Akshat.247
@Akshat.247 Жыл бұрын
ᴛʜᴀɴᴋs̶⬆️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ⬆️ғᴏʀ ᴍᴇɴᴛᴏʀs̶ʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs̶ ᴡʜᴀs̶ᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.🎊
@siddharthghosh8750
@siddharthghosh8750 Жыл бұрын
It's the very essence of forming a company. A separate legal entity with limitel liability.
@chandrasekharsurampudi3648
@chandrasekharsurampudi3648 Жыл бұрын
Beautiful effort and very phenominal video and very well explained
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