India began to embrace capitalism in 1991, while countries like the US have been practicing it for almost a century. We are already doing good in sometime would be better.
India is still a poor country only thing is those who had the money now beginning to show their money and those who are poor becoming more poor day by day but just not realized till now
@@mithznairlmao do you genuinely just count 1% of Indians as the whole "india" for you? only they're doing better, while the rest 99% suffer tremendously under capitalism.
@@xboobgenius lmao you must be a communist. This 1% jazz even happens in US. These 1% are extreme rich but they create a cycle. Today there are many people earning in crore. Dhirubhai Ambani used to be a school teachers son. Adani a middle class charted accountant. They understood business and made wealth. Rather then sitting an feeling jealous about someone else's accomplishment. All countries that followed communism had to switch to either capitalism or have people run to capitalist countries
@@aakasharya6918Aisa kch nhi h... meri locality me almost hr family 25k per month toh kamaati hi h.... Aur sab BJP Supporters hain Economic conditions ka political parties se kya lena dena
Boring hai isliye yeh sab materialistic cheez bikthe hai. Company's marketing teams trick people into thinking that they need these luxury products, people want that dopamine hit and status which they get form buying such things.
You have to be really skillfull by taking a professional degree+experience....Example he doosri company me auditor ki demand hai aur ye demand humesha rhti hai.
5th largest economy but GDP per capita wise one of the worst country even worser than Bangladesh Thanx to our humongous population that adds up and creates a delusion that India has such huge economy
It's because of population and nothing else. It's like scoring 100 marks by 100 people collectively vs other countries where 10 people scoring 99 marks.
Dude even in Jhansi U.P. ..Jhansi has changed immensely in just few years... Luxury cars, skyrocketed real estate, expensive brands. There are UHNIs even in a city like Jhansi.
Soory bro you live in real life but he live in parallel world Anyone will be prosperous when he changes himself as time changes Present time is business,startup shops ,brands time and anyone only thinks about jobs so how can be he will be prosperous Becoming rich has many ways Even some government job has immense money So who says there is no opportunity to became rich in India nowadays Real problem is in you don't do business cracks this exam's it wil also lead to final destination So hardworking is only ways to get anything never society is good even it wil be USA or India
@@vipul_chaturvediBro uhni are those having annual revenue 500cr and above Uhni are mainly well reputed and named personality u can't even guess in whole mp less than 20,25 uhni lived here Therefore you can't things uhni in tier 2,3 citties
You are partially correct. The real estate market is booming mostly due to black market. The lands are governed by circle rates. Anything above it is in black.
Because of nowadays rich are produced highest in no ever in history and population is highest too so how can be 150 crore wil be rich this makes the real diff or gap no so called other fucking factor Maybe you not know kings system King is richest in his kingdom so how can you say India is most seperate in this present time I don't know why they jate rich people may be their luxury life
Bro seriously muje bahut proud feel hua ke we still have a good quality informative content creators who are shaping the youth ability to grow and develop knowledge. Thankyou so much.
India is the prime example of Inequality & no one is talking about this. India 3 is happy with tv debates, free ka ration, religious hatreds & Mann ki baat.
Toh mehnat kar aur kama the Fact iss tumhari battaao se u sound like communist but the Fact is we are living In Capitalist society bro Agar mehnat karega sab milega nhi toh keep critising this things suits u 😂😂can
I made the same dialogue like you during school time and voted pappu, then our eyes kinda open and we switch to bhakt. Except Manipur justice laziness everything bjp does is kinda logical. Not even like dictatorship like. It's your perspective.
हमारे गाँव मै एक भाई रहता है आज से 4 साल पहले खाने के लाले थे आज उसके पास खुदकी 70-80 बीघा जमीन कई दुकाने है और 1 हप्ते पहले bmw खरीद कर लाया है मेहनत करनी पडती है वरना कटोरा लेकर बैठ जा मुफ्त की रोटी और पैसे मिल जायेंगे 🤡
@Akarsh2008 No way, govt data shows this because, they are stupid/lazy/ignorant or whatever. because many people also earn from sources, govt is not able to track the money, eg: an average roadside shopkeeper will easily earn more than this, but he won't file an ITR, only 7-8 crore people file ITR in India. Even if we take 10% of our population it comes around 14 crore, so you can see for almost half of this govt don't know exactly how much they earn.
आपका उदारता से असाधारण परिवर्तन लाया जा सकता है जिनकी ज़रूरत है। आपके समर्थन से, हम अनाज, आवास, शिक्षा और स्वास्थ्य जैसी महत्वपूर्ण संसाधनों की प्रदान कर सकते हैं, जो व्यक्तियों और परिवारों को अपने खर्चे पूरे करने में संघर्ष कर रहे हैं। हर दान, चाहे वो कितना भी छोटा क्यों न हो, उम्मीद और परेशानियों के सामने खड़े लोगों को आशा और राहत लाने की शक्ति रखता है। साथ मिलकर, हम सकारात्मक परिवर्तन ला सकते हैं और हमारे समुदायों के लिए एक उज्जवल भविष्य बना सकते हैं। कृपया आज ही एक दान करने का विचार करें और दूसरों के जीवन में परिवर्तन के लिए एक कैटलिस्ट बनें। आपकी दया और दयालुता के लिए धन्यवाद। दान करें UPI id - abhishek04@fam
1% never Protect their religion because it's not needed. We don't need to protect The gods as they are the one who made us. Have you ever seen a millionaire Doing Communal riots ? No, you wont
@@fnamelname4146 There is a separate entity called real estate investors who only invest in real estate properties. So if brokers buy flats, they are investors. If anyone has the money to buy, then definitely real estate can give secure high returns in 10 year window. And who else to better gauge a real estate market than a broker? Same goes with stock market except that insider trading is not allowed in stock market, but real estate prices can be (and are) manipulated by brokers, so that they get a sweet deal legally, yet they will not pay taxes and pocket it as black money.
Besides being an informative and useful video, so much to notice from this video - 1. Career awareness 2. How manage wealth 3. Cons of New Money 4. Harsh reality check for India 3
If someone sold their business for 100 cr and they have to pay tax of 24% is the number same for every amount?? But tax on income greater than 1 cr is around 35 percent? How?
According to government data - Monthly expenditure of average Indian - (this include everything) Rural - 3773 Urban - 6459 Top 5% Indians monthly expenditure - Rural - around 10k Urban - around 20k
@@amaranthswami2577 nah it's for a family lol. Check the report. 6000/person for a family of 5 would be 30k per month which is more than the GDP per capita itself 💀
5:07 What a co-incidence, today I was discussing the same thing with my colleague that if you earn 27k per month, then you are among the top 10% rich people. He then cited our senior officer (a section officer in my office) who earns around 90k/mo yet claims himself a middle class.
There are 4 major classes in India : 1. very poor (50%); 2. poor (20%); 3. middle class (10%); 4. rich (1%). Many people think they are middle class are actually poor. A person with post-tax annual salary of Rs 15 lakh is actually rich.
What a video man. I can't appreciate it more. The way you explained it with every detail. Absolutely phenomenal. Love from Nepal 🇳🇵. Keep educating us.
@@laba3423sei baat aur mehnat Karo, it has changed my views regarding board exam , I thought my scoring board exam it will change my life but I was totally wrong now I understood that knowledge matters the most not these fake nos of no use
Sb kismat ki baat h bhai jiski kismat me ho likha whi hoga…….agr sbke paas 100cr aajayega to paise ki value km hojaayegi or india ka bhi whi haal hoga jo abhi africa ka h
If they knew then they wouldnt teach in the first place Motive to work comes from money which schools like that would have and they wouldnt exist anyway
I am from Dehradun, I can see these things in our city also. In fact Dehradun has become the hub for rich people to move as it provides unique blend of nature( mountains, rivers, forests, valley etc) with development. The luxury apartments, high end cars, luxury brands are very common now. And most of the people who have these luxury items are not from our city, they have just moved in. But the native people are also getting richer day by day.
@@wohooooo7613both are politicians, one is from a party that's trying to win the majority and the other is a corrupt family trying to take back their powers. Can't believe people are still meat riding politicians in 2024.
Yea man ...The last few lines made my brain go into deep philosophical thinking for few minutes! Daym....jo India 3 ke liye entertaining hai vo India 1 ke liye cringe
Such a nice and informative video .. and I especially loved that little part where you came in and told that this private wealth management can be a good career option… it shows you really care about the youngsters who watch your videos and truly guide and inspire them… ❤️
Beautifully put together 👏 I've shared it not only with all my friends but also with all of my family and relatives Thank you mohak for making such content
I am from Vapi and I can definitely tell you guys this one thing. Vapi is a small town by the area, but the net worth of individuals here is freaking high, the simple reason is, strong presence of chemical, plastic, paper and pharmaceutical industries and their auxiliaries.
Great Job! We need more of these types of videos comparing India 1,2,3 and the people of it. People should be shown true mirror and reality of living in India as a Middle and Poor class person so that next type they should think from their brain not from their heart while giving vote in Lok Sabha Elections and what sort of people will be benefited if the governments and politicians remain the same. Jai Hind and Jai Bharat!
Mai Himachal se hu apne pas saaf hwa , saaf Pani aur humanity hai logo mai jo in sheron mai kbi ni ho skta. Hare bhare gaon, beautiful landscapes. Bhad mai jae sehr hm gaon mai ho khush hai ❤🏔️
In 2018 my parents bought 300g of gold at approx 27k per 10 gram which costs around 810k at that time...... Now in march 2024 , the gold price is around 64k for 10 grams and the total cost of the gold is around 2 million india rupees.... 😮😮 ...
Exactly true but we should rather focus on solutions than problems , maybe then this video will goo boom . And a new topic suggestion for u :- “How Rich people Play with Taxes”
I know most of the people watching this video are in the top 10 per cent of the population being jealous of the top 1 per cent. Including me, but remember becoming a millionaire or a billionaire today is ten times easier than it was some years back. Wish any one of us would discover that easy path.
Becoming a millionaire is very easy, but becoming a billionaire is very difficult. In the US, it is very easy for even ordinary folks to become millionaires, provided they invest in the stock market, and spend less than what they earn.
Just to add ....like you said growing Tier 2 & 3 cities Surat is also one such name to be added, it's fastly growing with ample amount of luxurious amenities
5:15 but i think that 25k is for per person, we are family of 5 but my dad only earns between 20-25k i don't think we are in top 10%, i think according to this data our family income should be 1.25 lakhs
I feel deeply sad to report the 2022-23 Per capita Monthly Household Income Report is very shocking. The lowest 5% of Indian family only have the ability to spend 46 rupees as disposable income every day. Whereas the number of Ultra high net worth Indians has increased 6% to 13,263.
Atleast the poor is getting free food so they aren't starving but we have lack of jobs in our country which is the major cause of this disparity and our population is so big which makes it hard to solve
Thank you Mohak for such informative videos. I discovered your channel just a few days back and I'm watching your videos daily. Keep up the good work 🙌
My contrary to the above - If money cannot buy happiness - can poverty buy happiness ? It is only the rich who teach the poor these stupid theories that 'money cannot buy happiness' so that the poor do not try to make too much money to give competition to the rich OR the poor may get angry and rise up against the rich. It is only now that the poor are seeing the fallacy of such theories through digital media and youtuber content. Elon Musk has 12 children and is asking everyone to produce a lot of children for slave /cheap labor. But, why does he not tell everyone to become a billionaire like him and share the secrets how he made his money ?
@@saviofrancisfernandes413 Everyone knows the secret of success but only few can do what it requires to achieve it. Elon musk did hardwork, his space program busted dozen times then he was able to get it done, it's not any secrets, it's the patience and hardwork
This is the best video I've seen on UA-cam so far!!! Been a great fan of you Mohak.. The video, editing, research, information, presentation everything's on point! Top Notch!!✨
You just hit in the great with great info ❤ trust me this helps for most with entertainment+ understanding as well 🎉 9:36 appreciated that side note their for that
The state of politics and people's age old mindset in India tells that it will take decades for India to have as many rich people as developed countries. Edit: Lol as I expected people are taking my comment opposite to what I meant. The top rich people in India are becoming more powerful, they are intervening in everything,for profit posing problem for startups in India who can't compete due to less investment and thus get bought by the powerful ones.Despite being socialist wealth distribution in India is worse.
It depends on what kind of rich, if we get rich together then no one's going to say shit, but if a few get ultra rich then that is a problem. Wealth distribution is very important and it's already a problem in the US. Edit: your previous comment wasn't clear at all and you used US as an example which is the worst example to use. It looks like you're against corny capitalism which is my take as well 👍
Absolutely loved the points you raised in this video Mohak!! It's funny how blind the common man is to the 1:10: rest ratio The changing attitude of people with the times and how we are only equal on sicial media and during elections Bravo as always ❤❤ and thank you for your and your team's efforts for constantly bring out such well researched and well thought content
Interesting video. Very informative. I think in next video you can continue this topic and explain how the activities of India-1, India-2 and India-3 affect the environment.
Another great video! I really enjoy watching the videos that you make, and I also request that you create a video on the topic of how the younger generation spends their whole day on their phones. For example, a few years ago, when we used to attend weddings, kids used to play, but now when I go to weddings, the kids are just crying (and some are hitting their moms to get phone.) Their mothers easily give them a phone, and they just scroll on it. When the phone is taken back, the kid becomes crazy, starts to cry, hit, and scream. Also, in my neighborhood, I don't see kids playing outdoors; they are just at home all day with their phones (and many parents also don't let them go outside and play I do not know why , but I think that's only in my neighborhood ). Let me not even get started on their attention span. In my opinion, they are becoming very bad at studies; many cannot even read any language besides English, and their math skills are very poor. And communication skill is also worsening .I think this issue must be resolved quickly.
It's true. We're all wasting money on things we dont need. I love buying Branded shoes and sometimes I feel, had I saved it or bought other cheaper shoes I'd have accumulated alot of money.
The best measure of income inequality is the Gini coefficient. Currently at around 34 for India which puts India in the same category as Sudan and Georgia (country). Edit: I know Georgia is technically not part of Russia. Since the 2008 war, it has been pretty much at the mercy of Russia. 20% of their land is occupied by Russia. Russian businesses dominate Georgia. I just wanted to call it out as being separate from the Georgia in America.
Yet you fail to mention India's fall in gini index since 2019 and also the fact that Myanmar has a lower Gini's index than India while USA has a higher one. Will you move to Myanmar now? This index is as effective as the Big Mac Index.
@@dhananjayrana6222 not really man you cant really look at 1 index alone and tell about a countries financial situation you would have to look at multiple indexex and immediate as well as local phenomenas to get a clearer picture plus USA would be the last country that i would want to go to in near forseable future
60% iphones sold in tier 2 and tier 3 because of that no cost emi scheme . Its not like all of these 60% were able to buy iPhone on their own. Also iphone "USED TO BE" status symbol. But now since no cost emi scheme, it is no longer a status symbol. So don't judge purchasing power of people just by looking iphone sales.
My grandfather belonged to a poor family but he studied hard and able to do a job at good post and when he retired his salary was 3.4 lacs in 2020 .if my father and uncle also studied hard like him and don't consume alcohol, tobacco and other bad habits we will in 1% at this time . They are able to marry because of my grandfather 's name and fame and now their children living their life in extreme poverty because my grand father don't give us a single penny because he don't believe in his sons but i will take the golden period of my family and make us rich again 😊
I read a report related to this topic recently and the fact which blew my mind was that in indian the lowest grade population is able to spend only 46rps a day This number shows that the rich is becoming rich and the poor is becoming more poor I am not that much mature to say wether its good to boost the economy by growth of all or by growth of some specific group of people what you guys think?
After/During MBA, how do you earn good money to make an investment in your startup or a new business ? Especially in a startup hostile environment like India. Plz tell someone. 🙏🏽
@@KRISH57676 Money will never be enough to start a business. In the beginning, you have to borrow the money from friends and family, based on all the trust you have generated so far in your life (and MBA degree will help here since some of your seniors will be startup founders or in good positions).
I am from morvi, Currently living in rajkot so I can relate this video.many ultra rich families are living in morbi and rajkot.. also the employment rate is more than 90% in morbi.
Join the Masterclass now using this link: bit.ly/personalfinancemasterclass2
Bhai kaise ho ???
You r my inspiration bro... I like you...
Nice title
waiting for part 2😶🌫
@@ityord7761 wrong inspiration lol. Nvm
A decade ago, I had heard this phrase, 'India is a poor country but Indians are rich'. I guess this is applicable in today's time as well.
India began to embrace capitalism in 1991, while countries like the US have been practicing it for almost a century. We are already doing good in sometime would be better.
India is still a poor country only thing is those who had the money now beginning to show their money and those who are poor becoming more poor day by day but just not realized till now
@@mithznairlmao do you genuinely just count 1% of Indians as the whole "india" for you? only they're doing better, while the rest 99% suffer tremendously under capitalism.
@@xboobgenius lmao you must be a communist. This 1% jazz even happens in US. These 1% are extreme rich but they create a cycle. Today there are many people earning in crore. Dhirubhai Ambani used to be a school teachers son. Adani a middle class charted accountant. They understood business and made wealth. Rather then sitting an feeling jealous about someone else's accomplishment.
All countries that followed communism had to switch to either capitalism or have people run to capitalist countries
ye toh bhai haam pyda hue bhi age se sach tha yaar
How can a single video be inspiring and depressing at the same time 😂😂
Just like the song daylight
Exactly 💯🤣
If out of 1.4 billion people, only 13000 living in absurd luxury isn't straight depressing our country will forever be doomed
Same 😅
so true🤣
10% earn money
90% proud to be indian
90% are bhakts😂
True hard slap
what bhakt?
@@aakasharya6918
@@aakasharya6918Aisa kch nhi h... meri locality me almost hr family 25k per month toh kamaati hi h.... Aur sab BJP Supporters hain
Economic conditions ka political parties se kya lena dena
@@swarnimkaushiktum Ameer locality se ho. Mere yaha gaon me dukan bhi nahi chalta. 😢
Life boring nhi hai....humhi Garib hai 🤡🗿
Facts😊
Ha bhai😮
Boring hai isliye yeh sab materialistic cheez bikthe hai.
Company's marketing teams trick people into thinking that they need these luxury products, people want that dopamine hit and status which they get form buying such things.
Us bro Us😢
Exactly
5th largest economy where 90% people earn less than 25k per month💀
You have to be really skillfull by taking a professional degree+experience....Example he doosri company me auditor ki demand hai aur ye demand humesha rhti hai.
5th largest economy but GDP per capita wise one of the worst country even worser than Bangladesh
Thanx to our humongous population that adds up and creates a delusion that India has such huge economy
Idk I really don't think ki ye data sahi hai , khud apne aas paas dekho do you really believe that even houseworkers earn upto 20k
It's because of population and nothing else. It's like scoring 100 marks by 100 people collectively vs other countries where 10 people scoring 99 marks.
Because our high population 😅
Thanks! Your content is super good! I just love to watch your content.
10:59 most honest politician i have ever seen 🎭🎭🎭🎭
😂😂😂😂
@@anilkhileri5485ya
Itna bhi sach nahi bolna tha 🤣🤣
ab is honesty ke chkkr me ise vote ni dede log bas🤣🤣🤣
Dude even in Jhansi U.P. ..Jhansi has changed immensely in just few years... Luxury cars, skyrocketed real estate, expensive brands. There are UHNIs even in a city like Jhansi.
Main bhi jhansi se hoon
Soory bro you live in real life but he live in parallel world
Anyone will be prosperous when he changes himself as time changes
Present time is business,startup shops ,brands time and anyone only thinks about jobs so how can be he will be prosperous
Becoming rich has many ways
Even some government job has immense money
So who says there is no opportunity to became rich in India nowadays
Real problem is in you don't do business cracks this exam's it wil also lead to final destination
So hardworking is only ways to get anything never society is good even it wil be USA or India
Bro I'm from jhansi as well mujhe toh nahi dikh rha yeh Sab kaha par hai? 💀
@@anyavlogs31 Anya I know some of them
My friends from high school too, they own several wedding houses and gardens
@@vipul_chaturvediBro uhni are those having annual revenue 500cr and above
Uhni are mainly well reputed and named personality u can't even guess in whole mp less than 20,25 uhni lived here
Therefore you can't things uhni in tier 2,3 citties
You are partially correct. The real estate market is booming mostly due to black market. The lands are governed by circle rates. Anything above it is in black.
It's just real state mafias controlling the circle rate, no way mumbai could be more expensive than dubai, Chicago, Austin like cities
India has equality in elections and social media. What a line 👌
And its need to be atleast at some place😊 so as to fight 4th generation war
North East is a part of china🇨🇳
*only in...but how in social media I didn't understand?
Rich vs poor divide have never been more greater as it is today now
Because of nowadays rich are produced highest in no ever in history and population is highest too so how can be 150 crore wil be rich this makes the real diff or gap no so called other fucking factor
Maybe you not know kings system
King is richest in his kingdom so how can you say India is most seperate in this present time
I don't know why they jate rich people may be their luxury life
@@manasrai4501he means to say that the Middle class is shrinking
it was more before check the stats😂
india shining(hollow)😅
@@ssjpropics yes he want to manipulate but I am not seeing on ground
Even rohigya Muslim believe india is good country but Indian don't
Bro seriously muje bahut proud feel hua ke we still have a good quality informative content creators who are shaping the youth ability to grow and develop knowledge.
Thankyou so much.
India is the prime example of Inequality & no one is talking about this. India 3 is happy with tv debates, free ka ration, religious hatreds & Mann ki baat.
Toh mehnat kar aur kama the Fact iss tumhari battaao se u sound like communist but the Fact is we are living In Capitalist society bro Agar mehnat karega sab milega nhi toh keep critising this things suits u 😂😂can
right man
are bande risk nnahi lena chahte koi jyadatar log bussiness karna nahi chahte unhe sirf sarkari naukri chahiye @@SwapnilSingh-e3x
I made the same dialogue like you during school time and voted pappu, then our eyes kinda open and we switch to bhakt. Except Manipur justice laziness everything bjp does is kinda logical. Not even like dictatorship like. It's your perspective.
हमारे गाँव मै एक भाई रहता है आज से 4 साल पहले खाने के लाले थे आज उसके पास खुदकी 70-80 बीघा जमीन कई दुकाने है और 1 हप्ते पहले bmw खरीद कर लाया है मेहनत करनी पडती है वरना कटोरा लेकर बैठ जा मुफ्त की रोटी और पैसे मिल जायेंगे 🤡
What a fantastic video this was !!
Great top , Great Reasearch.
Hats off Mohak.
@Akarsh2008 No way, govt data shows this because, they are stupid/lazy/ignorant or whatever.
because many people also earn from sources, govt is not able to track the money, eg: an average roadside shopkeeper will easily earn more than this, but he won't file an ITR, only 7-8 crore people file ITR in India.
Even if we take 10% of our population it comes around 14 crore, so you can see for almost half of this govt don't know exactly how much they earn.
Do you think Amani will give you money 😂
mera akhe khul di bhai...aab ameer banna hein ameer....kata chamach se khaunga, tip hoga hajar rupay ka chai pine ke baad
@@Mahi_mar_rha_hai_07who is amani????
आपका उदारता से असाधारण परिवर्तन लाया जा सकता है जिनकी ज़रूरत है। आपके समर्थन से, हम अनाज, आवास, शिक्षा और स्वास्थ्य जैसी महत्वपूर्ण संसाधनों की प्रदान कर सकते हैं, जो व्यक्तियों और परिवारों को अपने खर्चे पूरे करने में संघर्ष कर रहे हैं। हर दान, चाहे वो कितना भी छोटा क्यों न हो, उम्मीद और परेशानियों के सामने खड़े लोगों को आशा और राहत लाने की शक्ति रखता है। साथ मिलकर, हम सकारात्मक परिवर्तन ला सकते हैं और हमारे समुदायों के लिए एक उज्जवल भविष्य बना सकते हैं। कृपया आज ही एक दान करने का विचार करें और दूसरों के जीवन में परिवर्तन के लिए एक कैटलिस्ट बनें। आपकी दया और दयालुता के लिए धन्यवाद।
दान करें UPI id - abhishek04@fam
1% crazy riches are enjoying life,
99% are protecting their religion from the people of different religion.
1% never Protect their religion because it's not needed. We don't need to protect The gods as they are the one who made us. Have you ever seen a millionaire Doing Communal riots ? No, you wont
god does not need your protection
And that one percent also do interfaith marriages ,so wealth stays inside the circle . They never let anyone in anyone out
@@alora9829tbf you wouldn't be happy if your daughter or son marries a financially struggling person
Um religion war ain't a flex
But most of those flats are bought by brokers who'll sell it at even higher prices or rent out them at very high rents
That's true. What's crazy is that these brokers have such huge amount of opportunity capital.
@@Ojas97 But they definitely buy a significant number of those,
Bro that's market who puts more gets more
@@fnamelname4146 There is a separate entity called real estate investors who only invest in real estate properties. So if brokers buy flats, they are investors.
If anyone has the money to buy, then definitely real estate can give secure high returns in 10 year window.
And who else to better gauge a real estate market than a broker? Same goes with stock market except that insider trading is not allowed in stock market, but real estate prices can be (and are) manipulated by brokers, so that they get a sweet deal legally, yet they will not pay taxes and pocket it as black money.
Lmao what stats do you have to support this. Don't state things as facts based on your own assumptions.
Besides being an informative and useful video, so much to notice from this video -
1. Career awareness
2. How manage wealth
3. Cons of New Money
4. Harsh reality check for India 3
exactly!
@@oshinmittal4183 🐐
If someone sold their business for 100 cr and they have to pay tax of 24% is the number same for every amount?? But tax on income greater than 1 cr is around 35 percent? How?
@@mov_23 agreed?
0:25 And Here I cannot afford you tube premium 😂 💀
According to government data -
Monthly expenditure of average Indian - (this include everything)
Rural - 3773
Urban - 6459
Top 5% Indians monthly expenditure -
Rural - around 10k
Urban - around 20k
Those figures of 3773 and 6500 are for 1 family not 1 person
@@kartikeyasinha7793 i think it 1 person . Correct me if I'm wrong
@@amaranthswami2577 nah it's for a family lol. Check the report. 6000/person for a family of 5 would be 30k per month which is more than the GDP per capita itself 💀
These reports don't make any sense to me. My 🍺 expenses alone is around 20k/month and I'm from lower middle class 🫤
bro what.....here only schooling and coaching costs 20k a month for 1 child
5:07 What a co-incidence, today I was discussing the same thing with my colleague that if you earn 27k per month, then you are among the top 10% rich people. He then cited our senior officer (a section officer in my office) who earns around 90k/mo yet claims himself a middle class.
There are 4 major classes in India : 1. very poor (50%); 2. poor (20%); 3. middle class (10%); 4. rich (1%). Many people think they are middle class are actually poor. A person with post-tax annual salary of Rs 15 lakh is actually rich.
Which ministry? 😅
I think it's like 25000 per person
Not entire families
@@Priyanshuyadav-cf4kp Cabinet Secretariat
@@Strong_lama of course it's per person.
What a video man. I can't appreciate it more. The way you explained it with every detail. Absolutely phenomenal. Love from Nepal 🇳🇵. Keep educating us.
He said it indirectly ki ambani ke bete ki shadi ko dekh ke uspar opinion dene se ghar nhi chalne wala
true🤣🤣
balki aim krro tumhari aane wali generation kee shadi bhi aisee ho
@@laba3423sei baat aur mehnat Karo, it has changed my views regarding board exam , I thought my scoring board exam it will change my life but I was totally wrong now I understood that knowledge matters the most not these fake nos of no use
@@laba3423Nah. Wastage of resources. A good wedding can be done more sustainably.
I hoped that our Schools and colleges taught us how to be rich and be independent rather than teching us how to work for rich people 🙃
If they start teaching this you won't you stop going there
There is a subject exist called commerce who teaches about business & all that🤡..do not blame everything on education system,get up and start working.
Toh kaam kon karega sab companies kholenge to?
Sb kismat ki baat h bhai jiski kismat me ho likha whi hoga…….agr sbke paas 100cr aajayega to paise ki value km hojaayegi or india ka bhi whi haal hoga jo abhi africa ka h
If they knew then they wouldnt teach in the first place
Motive to work comes from money which schools like that would have and they wouldnt exist anyway
I am from Dehradun, I can see these things in our city also. In fact Dehradun has become the hub for rich people to move as it provides unique blend of nature( mountains, rivers, forests, valley etc) with development. The luxury apartments, high end cars, luxury brands are very common now. And most of the people who have these luxury items are not from our city, they have just moved in. But the native people are also getting richer day by day.
Now I want to move to Dehradun.🥲
By selling lands and by earning through rents
They have polluted their cities, now coming to your place to pollute the left nature.
good for dehradun
Fr, there are so many new things coming. It's going to be a teir 1 city in no time :)
Sivaji : The Boss was right
He was never wrong
Means?
Who?
😂😂😂
@@Skibidisuuui8940 a character ( hero ) of South movie
Middle class is shrinking😢
Rich getting richer 😂
Thank you NIRMALA SHITARAMAN
bro your droping straightup DOCUMENTRIES!! great work
That Last line hit hard,
This just shows how important it is to elect the right representation for our Nation.
Modi hatao,gdp ko loss ho rha.
Rahul Gandhi and Mamta Banerjee is best.
😂
@@wohooooo7613both are politicians, one is from a party that's trying to win the majority and the other is a corrupt family trying to take back their powers. Can't believe people are still meat riding politicians in 2024.
Last me kya line boli bhaine 🔥🔥 motivat kar diya thank you very much 😀🙏🏼
2:14 my materialistic aspiration: hardcover books
😆
us 😭
Ikrr
🍷🗿
😂
Last few lines put us into deep thinking 💀
Yea man ...The last few lines made my brain go into deep philosophical thinking for few minutes!
Daym....jo India 3 ke liye entertaining hai vo India 1 ke liye cringe
This is so true, here In Ahmedabad in previous years the prices of houses have boomed so much!
Lol those 60000 crorepaties are legal ones but there are many many people who have like thousands of crores illegally 😂
And some farmers also
Rahul gandhi has worked in fields and then he have the net worth he have today 😂😂❤❤
Modi ji chai bech ke 20000 crore😂😂 kese kmaya@@its4uu
@@fnamelname4146most of them r netas nd babus
paisa hein na ? summary to wohi hain yaar....
Such a nice and informative video .. and I especially loved that little part where you came in and told that this private wealth management can be a good career option… it shows you really care about the youngsters who watch your videos and truly guide and inspire them… ❤️
time stamp of private weakth plz
@@dipansarma4596 9:29
@@dipansarma4596 9:23 this is the time stamp.
90% of Indian wealth is held by 1% of top Indians 🤡
Beautifully put together 👏
I've shared it not only with all my friends but also with all of my family and relatives
Thank you mohak for making such
content
I am from Vapi and I can definitely tell you guys this one thing. Vapi is a small town by the area, but the net worth of individuals here is freaking high, the simple reason is, strong presence of chemical, plastic, paper and pharmaceutical industries and their auxiliaries.
Totally agreed 💯 have personally seen this in Vapi
I never heard of Vapi city
💕
Actually like the recent pramukh vedanta project, like 2Cr is a must if you just don't want a house but make it a home!
@@Z71990it’s in Gujarat
Waah yaar Bhai, aapke jaisa dost hota to Mera khud ka ek desh hota ❤❤😊😊
I noticed a different editing approach to this video, it was much nicer. Good content!
💯💯
But it was too silent and very little music, it felt weird, i was lost and had to skip back 20 seconds, 4-5 times
Great Job! We need more of these types of videos comparing India 1,2,3 and the people of it. People should be shown true mirror and reality of living in India as a Middle and Poor class person so that next type they should think from their brain not from their heart while giving vote in Lok Sabha Elections and what sort of people will be benefited if the governments and politicians remain the same. Jai Hind and Jai Bharat!
Ur description is excellent
Rich becoming richer & poor becoming poorer.
Inequality + Development = Capitalism 💥
Poor people doesn't try to hardwork to become rich
Capitalism is the best
capitalism works. Try me, I dare u
Saari capitalist countries are far far better than india
@@loma7652Do you even know what is hardwork? Can you do it there job for just 1 day? Think before commenting
Mukesh Ambani is playing The Godfather
I'm playing mario
I am playing fifa
I'm playing GTA V
I'm playing cricket
I am playing The Joker
"Risk loge Rich Banoge" golden line for all individual personnel no other option
1% club
बाकी 99% लोग चुप चाप video देखो
Gazab bhai😅
😂
I don't understand
this is a democratic country not authoritarian and a capitalistic country 😡😡😡😡😡😡😡😡
@@navnathphadtare8997 pogo dekho
Mai Himachal se hu apne pas saaf hwa , saaf Pani aur humanity hai logo mai jo in sheron mai kbi ni ho skta. Hare bhare gaon, beautiful landscapes. Bhad mai jae sehr hm gaon mai ho khush hai ❤🏔️
True mental peace and good place is more important
In 2018 my parents bought 300g of gold at approx 27k per 10 gram which costs around 810k at that time...... Now in march 2024 , the gold price is around 64k for 10 grams and the total cost of the gold is around 2 million india rupees.... 😮😮 ...
Yeah Man congratulaions I will also invest in gold in future
bro inflation
bro many places would have multiplied your money many times more.
Adani power from 112 to 568.
@@mariavahora2089 they invested in property also.... Bought 20 beega land....
Wish I had invested in gold too instead of wasting my time in school 😭
21:42 Deep 😮
Yeah
Exactly true but we should rather focus on solutions than problems , maybe then this video will goo boom .
And a new topic suggestion for u :-
“How Rich people Play with Taxes”
09:24 - Love these small parts, Which Show mohak Really cares for his audience ❤❤
I know most of the people watching this video are in the top 10 per cent of the population being jealous of the top 1 per cent. Including me, but remember becoming a millionaire or a billionaire today is ten times easier than it was some years back.
Wish any one of us would discover that easy path.
Bhai teach us also na please
@@smarthelp01 become ai content writer
Becoming a millionaire is very easy, but becoming a billionaire is very difficult. In the US, it is very easy for even ordinary folks to become millionaires, provided they invest in the stock market, and spend less than what they earn.
You are one among that jealous people😂
@@sauban71 In US people even become millionaires just by their salaries, the doctors, software engineers, etc.
But as soon as you leave social media and elections this equality goes that away..Goated line....
Standing ovation 👏 from my side, Mohak. What a video!
@OwaisKumar-se8dm 😂😂 why does this reply seem a little too funny?
Just to add ....like you said growing Tier 2 & 3 cities Surat is also one such name to be added, it's fastly growing with ample amount of luxurious amenities
What an amazing video. Much Valuable ❤. Good work
It is teally scary that people sitting at the top of some top government institutions is making more money than startup owners ,due to corruption.
5:15 but i think that 25k is for per person, we are family of 5 but my dad only earns between 20-25k i don't think we are in top 10%, i think according to this data our family income should be 1.25 lakhs
Hm
Yess
I feel deeply sad to report the 2022-23 Per capita Monthly Household Income Report is very shocking. The lowest 5% of Indian family only have the ability to spend 46 rupees as disposable income every day.
Whereas the number of Ultra high net worth Indians has increased 6% to 13,263.
sarthak ka video dekha na tune 🤣
sarthak bhai ki video😂🛐
Atleast the poor is getting free food so they aren't starving but we have lack of jobs in our country which is the major cause of this disparity and our population is so big which makes it hard to solve
@@Mystic2203 You are completely wrong
Won't agree with you @@Mystic2203
Bhai kya explain karte ho
Fan ho gaya apka
Last 2-3 vidoes hi dekhe h Maine but very well written and explained
Thank you Mohak for such informative videos. I discovered your channel just a few days back and I'm watching your videos daily. Keep up the good work 🙌
8:12
bro did not even hesitate 🤣🤣🤣🤣🤣🤣
15:54 LTCG is 20% + 4% of that amount so it's 20.8% not 24%.
*Sur applicable if income exceed 50lakh.
Ca Student Spotted
okay how do i learn all this?
@@x87-64 CA krlo 🤣🤣
@@x87-64 read income tax
@@x87-64 if you want to have a better mental health then dont learn this
(I know because i am a ca student)
Thankyou so much Mohak Mangal for this video. Very well reserachsd and useful case study.
When somones says that money cannot buy happiness and health , than he is lying to you., you must need money to get these .
Money can't buy happiness but it surely buys the path to happiness
My contrary to the above - If money cannot buy happiness - can poverty buy happiness ? It is only the rich who teach the poor these stupid theories that 'money cannot buy happiness' so that the poor do not try to make too much money to give competition to the rich OR the poor may get angry and rise up against the rich. It is only now that the poor are seeing the fallacy of such theories through digital media and youtuber content. Elon Musk has 12 children and is asking everyone to produce a lot of children for slave /cheap labor. But, why does he not tell everyone to become a billionaire like him and share the secrets how he made his money ?
@@saviofrancisfernandes413 Everyone knows the secret of success but only few can do what it requires to achieve it.
Elon musk did hardwork, his space program busted dozen times then he was able to get it done, it's not any secrets, it's the patience and hardwork
I am from jamshedpur I know how rich is jamshedpur
Normal indian : Maruti Swift
Jamshedpur people: Mercedes Benz 😂
When he talked about jsr ?
21:59 well said.👍
15:24 Effective from the Assessment Year 2024-25 (April 1, 2024, onwards), the maximum exemption allowed under Section 54 is capped at Rs. 10 crore.
Government ne to loot macha rakhi hai had 24% to bahut jyada hota hai inko 0.5% se jyada nahi lena chahiye
Extremely well-researched video Mohak
I am hooked on all your videos
This is the best video I've seen on UA-cam so far!!!
Been a great fan of you Mohak..
The video, editing, research, information, presentation everything's on point!
Top Notch!!✨
You have done a great research and the facts were on the point..... a well knowlegable video
10:50 wrong info. Old Money refers to that wealthy people who inherited their wealth. New money are those who built their wealth
You just hit in the great with great info ❤ trust me this helps for most with entertainment+ understanding as well 🎉 9:36 appreciated that side note their for that
The state of politics and people's age old mindset in India tells that it will take decades for India to have as many rich people as developed countries.
Edit: Lol as I expected people are taking my comment opposite to what I meant. The top rich people in India are becoming more powerful, they are intervening in everything,for profit posing problem for startups in India who can't compete due to less investment and thus get bought by the powerful ones.Despite being socialist wealth distribution in India is worse.
It depends on what kind of rich, if we get rich together then no one's going to say shit, but if a few get ultra rich then that is a problem. Wealth distribution is very important and it's already a problem in the US.
Edit: your previous comment wasn't clear at all and you used US as an example which is the worst example to use. It looks like you're against corny capitalism which is my take as well 👍
Lol what 🤣
Wealth distribution is more important than some people getting rich
state of politics is currently way better thn it has ever been so don't worry
Tf ?? As if more income inequality is a good thing ?
I bet either thumbnail or the title would be changed within a few hours 😂
😂
@@AnkitYadav-rj8ml y bro
What was the title before
And thumbnail
@@official...Akonsu29 title was "Crazy Rich Indians" and thumbnail was Mohak smiling and a billionaire, with his big mansion and a luxury car
First time I watched video it's amazing to explain!! Your words is very peaceful
Nice brother keep going up 👍
Absolutely loved the points you raised in this video Mohak!! It's funny how blind the common man is to the 1:10: rest ratio
The changing attitude of people with the times and how we are only equal on sicial media and during elections
Bravo as always ❤❤ and thank you for your and your team's efforts for constantly bring out such well researched and well thought content
Interesting video. Very informative. I think in next video you can continue this topic and explain how the activities of India-1, India-2 and India-3 affect the environment.
Another great video! I really enjoy watching the videos that you make, and I also request that you create a video on the topic of how the younger generation spends their whole day on their phones. For example, a few years ago, when we used to attend weddings, kids used to play, but now when I go to weddings, the kids are just crying (and some are hitting their moms to get phone.) Their mothers easily give them a phone, and they just scroll on it. When the phone is taken back, the kid becomes crazy, starts to cry, hit, and scream. Also, in my neighborhood, I don't see kids playing outdoors; they are just at home all day with their phones (and many parents also don't let them go outside and play I do not know why , but I think that's only in my neighborhood ). Let me not even get started on their attention span. In my opinion, they are becoming very bad at studies; many cannot even read any language besides English, and their math skills are very poor. And communication skill is also worsening .I think this issue must be resolved quickly.
It's true. We're all wasting money on things we dont need.
I love buying Branded shoes and sometimes I feel, had I saved it or bought other cheaper shoes I'd have accumulated alot of money.
All upper and lower middle class are stuck in the same rut, keep buying expensive things which they dont need
The best measure of income inequality is the Gini coefficient. Currently at around 34 for India which puts India in the same category as Sudan and Georgia (country).
Edit: I know Georgia is technically not part of Russia. Since the 2008 war, it has been pretty much at the mercy of Russia. 20% of their land is occupied by Russia. Russian businesses dominate Georgia. I just wanted to call it out as being separate from the Georgia in America.
5 trillion 🎉🎉🎉🎉
@@joydeepchakraborty8023SPEAK ABOUT SANDESHKHALI AND SHAHJAHAN SHEIKH
Yet you fail to mention India's fall in gini index since 2019 and also the fact that Myanmar has a lower Gini's index than India while USA has a higher one. Will you move to Myanmar now? This index is as effective as the Big Mac Index.
African countries be like :- These are childish numbers
@@dhananjayrana6222 not really man you cant really look at 1 index alone and tell about a countries financial situation you would have to look at multiple indexex and immediate as well as local phenomenas to get a clearer picture plus USA would be the last country that i would want to go to in near forseable future
60% iphones sold in tier 2 and tier 3 because of that no cost emi scheme . Its not like all of these 60% were able to buy iPhone on their own.
Also iphone "USED TO BE" status symbol. But now since no cost emi scheme, it is no longer a status symbol.
So don't judge purchasing power of people just by looking iphone sales.
This is the starting of Indian era
Economy is growing India
My grandfather belonged to a poor family but he studied hard and able to do a job at good post and when he retired his salary was 3.4 lacs in 2020 .if my father and uncle also studied hard like him and don't consume alcohol, tobacco and other bad habits we will in 1% at this time . They are able to marry because of my grandfather 's name and fame and now their children living their life in extreme poverty because my grand father don't give us a single penny because he don't believe in his sons but i will take the golden period of my family and make us rich again 😊
Goodluck brother 😊😊
I agree with you.
Work hard and never give up my brother best wishes from my side
Nice script 😂
Great but.........who asked ?
Iska ek aur bada karan yeh bhi hai ki aaj ki duniya hai "Dikhave ki duniya" 💣
I read a report related to this topic recently and the fact which blew my mind was that in indian the lowest grade population is able to spend only 46rps a day
This number shows that the rich is becoming rich and the poor is becoming more poor
I am not that much mature to say wether its good to boost the economy by growth of all or by growth of some specific group of people what you guys think?
8:14 "Gaur se dekho iphone hath m" this clip was epic 🤣😂
This Documentry Gives Us Practical Knowledge Of Our India Money 💰 Plz Make More Videos On Finance🙏🏻
i litteraly like your video and specialy last 2 minutes this is a reality of our country " india 1 kare to maja aur india 3 kare to saja "
Very good work with this video Mohak.
The amount of good research and it's layman nature explanation is very good.
11:29 "Salary itni jyada nahi hoti, jaise peyush bansal ki 3.7 crore"
My face : 🤡🤡🤡🤡
My bank balance 300 rupees 😂😂😂
Brilliant video mohak !! Love your representation of facts. Thank you for making us financially literate in the context of how the top 1% works.
Got to admit, Finch's involvement in 4RA made me a regular. Can't miss out on his match insights!
This clearly shows the economical disparity in India. 😢
22:00 Didn't expect Thugesh to show up?? 😂
Well, Jokes Aside. Quite an informative video. Need to think about investing in Share Market. Thank you 🙏🏻
Kash mera mama ka startup bhi successful hojataa, fir me bhi aaj corepati hota😂
If you keep uploading such kind of videos I'm literally going to drop my MBA😅
Dont do. One thing he missed in the video is crazy rich Indians have crazy networking. And nothing beats MBA in that respect.
Then focus on startup after MBA.
After/During MBA, how do you earn good money to make an investment in your startup or a new business ?
Especially in a startup hostile environment like India. Plz tell someone. 🙏🏽
@@KRISH57676 Money will never be enough to start a business. In the beginning, you have to borrow the money from friends and family, based on all the trust you have generated so far in your life (and MBA degree will help here since some of your seniors will be startup founders or in good positions).
Mba from good college is definately worth it
9:09 Panipat getting its recognition.. The Textile City
1:01 which music? that flute one
Roll - laidyalasia
I am able to find just one video of the song on youtube
isn't it that famous
Thanks@@louzser
I am from morvi, Currently living in rajkot so I can relate this video.many ultra rich families are living in morbi and rajkot.. also the employment rate is more than 90% in morbi.
Are bhaiya video dekhte dekhte pasina nikal gaya 😂😂😂😊