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

[@AkshatZayn]

►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]

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

[@nileshlodaya2579]

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]

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]

@@nileshlodaya2579 a

[@vishalkhanna1476]

Natural Gas Commodity 2 yrs low accumalate

[@SoulfulPerspectives7]

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]

summary in short 😄

[@DoodleDoo]

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]

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]

Thank you

[@aanariAntabri]

​@@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]

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]

Yes

[@volvorin6891]

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.

[@PromiseWillson]

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.

[@MichaelAD222]

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

[@ArmraJames0]

A lot of folks downplay the role of advlsors 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.

[@CaryTriana]

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@ArmraJames0]

Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@SylviaJoe6]

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.

[@Blurufoodaz]

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

[@Bluedeskz]

Like he said, he’s not doing daan dharm. Take every word that he says with a pinch of salt.

[@amoghrajput4338]

Bro not every property will grow that levels in 10 yrs . Things change a lot in a decade. You should have a roadmap before investing in real estate . Not every property appreciates in that way . And once the market has matured no chance it will grow to that levels .

[@Blurufoodaz]

@@amoghrajput4338 yea so get a road map…. Nobody invests 2cr without a roadmap and future vision

[@shilpanagbhushan7379]

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

[@globalinvestor6120]

Your from Bangalore

[@chandukancharla]

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

[@ojoganiya]

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

[@abdulgaffoor178]

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.

[@mathebulamkhize876]

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]

Woah!!! a whole family of bots 😂

[@karmanyaraut7706]

Bots bots

[@pranaya_prajnya]

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

[@AK-sk6jj]

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

[@alicebenard5713]

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]

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]

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]

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.

[@ConnieGriffith-u4z]

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

[@blessingpaul5484]

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?

[@RajSekharK]

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

[@pankajkumar-tp3qo]

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]

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

[@geraldt331]

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]

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]

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]

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

[@JamesScott433]

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]

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.

[@AzharKhan-jh2ob]

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

[@MoneyStrategiesSOULutions]

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!

[@sugarnspice6387]

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.

[@puregold24carats]

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

[@vishalkhanna1476]

Can we buy Natural gas on dips????

[@SumitBisht0]

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

[@vishalkhanna1476]

Can we buy Natural gas on dips????

[@baratmalli6413]

Points I agree with 1. Understdning Risk reward curve, 2. Protecting downside with insurance and separating self from business; 3. Portfolio of income streams; Points I don't agree with, 1. Rent vs Buy: Not everyone have needs for liquidity; home is an asset to headge against inflation for most; 2. Buy Physial vs Digital asset : While they cannot 100% commit to digital but limited exposure to digital is not an issue; 3. Get business loan is not possible for middle class 4. Know where you are investing is non-sense - for majority of ppl mutual funds managed by large banks that target specific asset class is more than enough, majority of people cant afford a hedge fund mange or trust a local stock broker with their money;

[@raj582007]

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]

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

[@bloom_ms]

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🎉

[@abhishelke123]

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

[@mcsnambiar7862]

I put 65 lacs in Tejas Networks in last December at a price of 665 per share . It went down to 530 in about 2 months. I trusted Tatas as well as the new tech aspirations of Tejas. Last week I sold it for 865 per share. A cool gain of 20 lacs from a nominal loss of almost 15 lacs. I bought 1500 shares of LTINMindtree at 4900 and now again I am in profit. Lesson leraned: Patience rewards if the pick is right one.

[@debasishraychawdhuri]

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.

[@Vikturneer]

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]

@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.

[@Sithembile499]

@@Vikturneer Is there a means to reach him?

[@Vikturneer]

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

[@Sithembile499]

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

[@urvinodh]

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

[@ofAwxen]

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.

[@2605deepak]

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]

Can we buy Natural gas on dips????

[@uditjain1067]

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]

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.

[@ellamezo]

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]

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]

@@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]

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

[@jacobelord]

@@ardeand Isabel Linda Dueri

[@jacobelord]

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

[@umasahana]

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

[@lakshmikanth4550]

I like the way you mentioned mordern financial trap. Financial sharks innovate new ways to grab our money. Robert kiyosaki mentioned many times about these Financial predators to stay away to build wealth. It could be even friends and relatives at times. Staying invested in right channel is important Rather than holding cash which is bound to attract financial predators making decisions for you without your knowledge

[@GrowthBusiness369]

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]

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]

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]

​@@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]

​@@tk200895totally agreed

[@TheTsxGuy87502]

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

[@AnwarKhan_786]

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]

Lol it just means you are terrible at business

[@keshavaraja3537]

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]

@@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]

@@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]

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

[@arasan9497]

Invested amount = 1,00,000 Capital gain = 1,10,000 Charges AUM = 1% = (1/100)(1,00,000) =1000 % contribution to profit by self = (1000/10000)*100 = 10 😉 Thank you. Learnt a lot. Your point about REIT & SGB is eye opening and that Rich people buy real asset makes sense.

[@dbm6231]

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]

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

[@devananddevarajan2029]

Spot on Akshat ji... Proper real estate and investment on gold never let us down... Lots of money lost in share market but the gold purchased with the part of profit made in shares had bailed me out... When I started purchasing physical gold with the small profits, some laughed... Thanks for clarifying....

[@sivag2032]

It is coins or jewellery in physical form?

[@MrBazukaz]

​@@sivag2032 better to buy some amount in coins as there will be no emotional attachments with it,if it's ornaments people especially women will become hesitant to sell it,especially at times when you need the cashflow

[@saloni1396]

​@@MrBazukaz from where to buy gold coin?

[@MrBazukaz]

@@saloni1396 it's available in all major retail gold outlets in India

[@Kashish.talreja]

​@@sivag2032physical gold for sure! Zero making charges, only 3% GST is to be paid! I invested in one gold coin last year January and it has given me a return of about 22% .. ofcourse this will change if I decide to hold the coin longer. I believe gold coins are a very undervalued investment option not talked enough about :)

[@apoemadaywithkk4660]

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]

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

[@nahidsyyed906]

Calm n composed? He rushes like shataabdi.. 😊

[@gauravsarora7957]

What does current government have to do with this?

[@BhaskarShun]

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

[@benedictarnold8506]

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]

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

[@mspsude6062]

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

[@girishpotti2242]

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]

Old people with pensions are prime target of such apps.

[@arijitgoswami3652]

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.

[@vishalkhanna1476]

Can we buy Natural gas on dips????

[@medhadesai3798]

I agree completely with your viewpoint of financial and time freedom

[@harshitbaranwal892]

At some point of time, Akshat was promoting Vauld which was giving like 12% FIXED return on USDT

[@RBMAJOULE]

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

[@ShaikMoAbdullah]

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

[@siddheshkhaitan6287]

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

[@BOBSPN]

Thank you so much for the finance. With Regards

[@houssinma7148]

He is a visionary. B4EQAV is a long hold

[@paragraphstation]

20% finance and 80% general talk

[@ragacbe]

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]

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

[@tubepeeper]

Akshat you are among the true patriots. You could have done other things on YT like vlogs etc. but you chose to warn and save the economically and politically naive people of the country.

[@usera1285]

People who advocate staying on Rent instead of Buying a House should not be taken seriously.

[@GregAren121]

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]

Congratulations

[@PeytonJackson819]

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

[@Matose783]

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]

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

[@Agneschloe]

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

[@RaviG-bv4yd]

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

[@ebubekirguclu2550]

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*

[@mizah8156]

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

[@adityabarve3604]

B4EQAV ??

[@anujpeelwan]

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

[@dhachidharshini3750]

@@anujpeelwan why all the comments are about B4EQAV?

[@dr.himani5841]

There's another trap every individual goes or is pushed in. It is the Lifestyle creep & spending beyond your means in Weddings and in Gifts at weddings

[@harshmishra4793]

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

[@atishayjain9292]

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

[@navnish08]

Akshat , please make some videos around home schooling. As always you are awesome and are doing a great job out here in KZbin.

[@guyravis]

I personally liked the word & felt right "It's easy to make money rather than earn Money"

[@shreyparikh3461]

can you give example of money making?

[@guyravis]

@@shreyparikh3461 effort & time we take to save money will proportionately be more to earn same amount in whatever profession you are in

[@funtym6083]

Calculate the expense deducted from the investment: Expense = Investment Amount × Expense Ratio Expense = 100,000 × 1% = 1,000 Calculate the net profit after deducting expenses: Net Profit = Profit - Expense Profit = Investment Amount × Rate of Return Profit = 100,000 × 10% = 10,000 Net Profit = 10,000 - 1,000 = 9,000 Therefore, after one year, you would have to pay $1,000 to the AMC, and your net profit would be $9,000. Now, to answer the question: Your comission would be 1000 (10%) of Gross profit 10,000.

[@shanmugapriyasornavelu4260]

Hardly people tend to think of others not to get trapped and create awareness with guts. You are on of it.

[@ShawnArmstrong273]

Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!..

[@adijkhady2840]

Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!

[@Luna_Lockhardt]

Do you mind sharing info on the adviser who to assisted you? I'm 39 now and would love grow my portfolio and plan my retirement

[@Derrickdustin]

SARAH JENNIE DAVIS

[@Derrickdustin]

That’s my advisor.

[@RyanCole295]

Thanks, I just googled her I'm really impressed with her credentials. I reached out to her since I need all the assistance I can.

[@captainamerica8804]

Point#2 isn't always true. Advisors mostly repeat these ideas without giving much though in terms of the flip side of the same. For example in my case i followed the idea of not buying house in my early career, taking risk in investment, etc etc. I invested in small caps to the extent where i had no FD at all, what happened? The companies shutdown and i lost 3 precious things, first is money that anyway I made it later by other means, time that i lost is something that cannot be reversed and house that would have given multifold returns as the real estate did exceptionally well. What happened with me in smallcap stocks can happen with your business as well. Allocating the money meant for your shelter in your business is kind of a gamble because most businesses fail. Rarely financial planners talk about the flip side, they just repeat catchy quotes of famous investors. With due respect and no offence, this is just my personal experience.

[@curiouscynic4357]

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.

[@06maholatra]

You have made a really good analysis. But can I tell you something. People are poor because the rich want them to be poor. If everyone in society has equal money, it loses its value so as to create confusion, Rich launch many schemes , courses and skill set for poor to learn them and dream to become rich. In India there are more than 10 lac MBA graduates, who averagely pay 6-10 lac to get a degree .most of them take education loan at 8-10% rate of interest to earn a job of 4-5 lac per annum. Rich sold the dream of becoming something so you do MBA , rich create trap for u to take emi ( as you will be learning so out of world skills 😂). And when you get free from college loan , you end up taking car loan or house loan etc. Banks make interest and offer the same money to rich as cheap money for setting up industries or factories, where you end up working and the government tax you. So in a nutshell if you want to break this chain, stay away from all the noise. The fundamental law of money is you don't earn money . Money is only the outcome of what you do. If Ambani can break the run and become rich all can. But you need to dare for it. Rich people don't have MBA from IIM but they hire people from IIM to manage their money.

[@deshmukhsantosh]

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.

[@vinzoo-cu6wp]

Your the classical financial advisor for modern generation

[@SharanRavishankarSharanOz]

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.

[@shirukk1234]

I bought a house within 2-3 years of my job. I sold it after 15 years. I got 5 times what i had invested. 5 times!

[@BalajiKannan527]

I would have appreciated if you would have included Vault in the trap list

[@gmilind]

akshat himself promoted Vauld portal which guranteed 12% return in USDT which was a bogus scheme . akshat was pushing it all along till it went kapoot .

[@avinashrockstar]

Lol true bro

[@Nikhil-jj7xf]

Thanks Akshat there are so many less people who makes such good financial awareness.

[@idagoli4029]

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

[@manpreetchandra]

Make a videi for salaried people on how to manage their money and saving fir oldage. People like me who started saving in thier late 30s

[@GurpreetSingh2808]

Please make a video on Vauld withdrawal and restructuring plans. I don’t know why everybody is looking the other way 😢

[@learnerarpan1286]

Such quality of videos in KZbin are rare in our country, thanks man . I have to hit the like button.

[@vimalsrivastava3939]

Yes Ditto is a very good company. They give you right advice for all insurance needs.

[@vivekkumar-ls5df]

Akshat bro,where are you in this video? It's such a naturally beautiful society behind you!

[@sarjanshah1522]

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]

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.

[@1377sv]

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.

[@user-vg1bk9ux6r]

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.......

[@venkytalks]

Great points, agree on all. So how to reach 8 sources of income? Apart from salary, rent, FD interest and (insignificant) dividend income?

[@nyrasingh]

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.

[@Chetna5]

1. do you understand what is happening with your money; 2. where your money is going; 3. who will use it and how?; 4. understand what you are doing with open eyes👍👍

[@annupmak9]

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.

[@bijoykarmakar9197]

What I really understood in my 4 years of the journey in investing is if you really need a house or a flat after getting a job, then only buy it. Buying a house, in such a situation like: your parents are staying in an old house where there are a lot of leakage problems, family dispute problems or you are getting married and you really need a separate space for your spouse and parents, then only buy a house. Also, my recommendation is to go for a house or flat, which will hardly take 20% of your income as EMI and not more than that. Well, this is my way of understanding and calculating how a middle class can make a wise decision. This totally depends on person to person.

[@manu053299]

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

[@श्रीरंगअत्रे]

Akshat ji, your presentation is simple, voice soothing, personality calm, content trong and intention honest. Keep it up.

[@nanthini222]

What an eye opener.. you are helping lot of people not to get into emi traps.. thanks dude..

[@vishalkhanna1476]

Can we buy Natural gas on dips????

[@mpneeraj431]

Hey Akshat i start listing you since last 2-3 months, you share your thoughts in very logical way and complete artifacts basis. will try to be in touch in person. Thanks for all learning a lot from you.

[@meshakmedida8028]

Useful information

[@MohdAzharBadshah]

Point number 1 don't buy home live on rent Point number 4 don't buy reits buy property can anyone explain this ?

[@harishmangesh995]

There is no single video of Akshat Ji where it is not mentioned “to cut the long story short”. 😅

[@2009nambiar]

I don't think he will be able to stop using this sentence! Great video

[@srivisrini]

The next most mentioned, probably is : "the point I am trying to drive home is." :D

[@MrPanthershah]

Few of the important points not taken insiderstion. Cost of living to rent vs own. You can buy a house and rent it in a high populous cities like Mumbai, Delhi, New York, Toronto etc will pay your mortgage by itself. Main reason is higher migration rate and lower supply of houses per demand. That is one way to generate cash flow positive business, and there have been a multiple millionaire just by flipping houses or building rental priorties.

[@deepakpathak8160]

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

[@chandrasekharsurampudi3648]

Beautiful effort and very phenominal video and very well explained

[@JennaHerberholz]

80% equities 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate a large stock/bond portfolio for substantial gains at minimum risk.

[@hullbruce]

It’s important to do your own research and consult with a financial advisor before making any investment decisions.

[@biankabrodeur01]

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850,000 with the help of my advisor from an initial $150,000 investment.

[@roberttheodoregeorge]

Who is this person guiding you and how can i reach he/she?

[@navdeepsingh7719]

Sir thankyou for the valuable knowledge..