Living on a MILLION $ plus income in India
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- Опубліковано 19 жов 2024
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What are my monthly expenses?
I give the entire breakup in this video :)
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Attributions:
Stock videos from Pixabay and Pexels
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Video Editor: Shivam Sangal
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Sir please make a video on your investment also
Hey akshat i remembered that in one video u talked about that u are English graduate and not from a good University,
& then u worked in ngo after that Ministry of rural development. With that baggage how u get into insead , getting one thing how u survived there and challenge u faced getting recruited.
I believe there are too many takers for that , if u can make a video or write blog that would be great help.
@Pinned.byAkshat.+①⑨①③⑦⓪⑤①⑥⓪② hi Akshat
Is their some discount if we use the ditto coupon that you provide
Tbh your rent component is almost 2.5x that of the market rate in South Goa, the rate of electricity is about ₹1.66 per unit including the FCC Charge.
one needs a honest and big heart to reveal one's expenses this transparent. I really respect your tendency to make others lives better.
@Akshat S.㊉①③④⑦⑧⑦⑦⓪④⓪② abbe faker jaake saale kuch aur kam krle
Tu paise khaya hai iske lag rha h 😂
@@gamevlogs17 sorry can u put in a language I can understand properly? I don't understand Hindi
Very True
@@aswinkumarkk did u took money from this scammer?
What a big hearted and openly frank person to share his personal information, experiences and advice to make our lives better. Cheers man.
Appreciate the feedback
What'sap me with the number showing above for guidance consultation and more investment updates..
We applaud your transparency and authenticity in the content you create!
What is that star symbol next to your name?
Pardeshi Pardeshi jana nahi !
An honest and transparent expenditure list. 😊
The monthly home rent did blow my mind 🤯
Million dollar plus income means atleast 8 Cr income which means 4.8Cr post taxes(40% tax). giving you 40 Lakh per month.2.5 Lakh is like 5% of his income. Also, if you can buy high end car in one month salary and still buying brezza, you are living frugal.
Hi Akshat, very well planned, definitely many takeways. Also, the idea of eating outside twice a week and then organic at home doesn't fit well with me! And am not sure why many switching to home schooling, any particular reason behind that? I think for most of us the best days were the school days, school friends, everything at school, Why would we not want our child to go out there and explore, make friends, GROW with them, why are we taking away thay from them? I respect your idea but wanted to understand the pros and cons from your perspective. Thank you once again for being so open!
Akshay, Excellent video! Youngsters of today are lucky to have someone like you to give them priceless advice on financial planning. God bless. Take care.
What I would like to know is how did you jumped from 10k per month to probably 10 lakh per month. Beyond that point, it just additional numbers which one can add by increasing productivity, new skills.
Great efforts to make yourself more valuable by acquiring new skills, productivity hacks,self- discipline , curious to learn new things...... Akshat make video on ur jrny from 10k to now
Hardwork, talent and consistency. Even if one starts low, with these traits, one will start earning exponentially high very soon. There is no magic. I am actually wondering why he accepted 10K salary in the first place 😆
he has cheated all of us by luring us to invest in vauld and other damp stocks
By selling courses which we are buying🌚🌚
@@aryanbehal8346 100% true - since this is youtube, i don't wanna abuse him publicly 🤬
214300 Rs monthly expense wow that's a high amount for monthly expenses. And here I get worried when my expenses goes 18K In a month . Well very few people are there who are earning that much income like akshat
My expenses are near about 2 lakhs. But yes income is not as akshat. If u have a family with 2 kids. Education, home expense, taking tours once or 2 in a year. This 2 lakhs is not huge. Believe me I see so many people earning 1.5 lakh and spending 2 lakh per month. Specially this generation.
2 lac monthly expense is nothing to 25 cr net worth.
Transparent and honest human being 👏🤗. Key takeaways from this video: 'If you can't afford to buy it twice, don't buy it once'. 'Your income should always be more than your expenses'.
Akshat I really want to be like you when I turn mid age. Even before I found your channel there was this image of me to get financially free at a certain age. So when I found your channel it instantly clicked. Your suggestions have helped me plan my financial journey. Still miles to go but thanks man.
I am earning 25k per month and saving 100% wfh, invested around 5 lac at start of my career 🙂🤩 sitting on lump sum to invest ✨ would be living minimalistic for next 7-8 yrs. 👍👍 Would make enough money to build assets✨ wish me luck 🤩
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Saving 100% is never possible. If yes, then you are living on others income. Good to have financial plans but bothering others is not right.
Happy for you
@@shanti2327 miss intelligent 🤣🤣😂😂 we all live on parents money from childhood proudly, working from home and living with parents is not called troubling others😂 ofcourse I buy stuff for them🙂
@@rahull9155 thank you, hope we all have time and financial freedom one day🙏
More Power to you Akshat..🙏🙏..Thank you for sharing these..We want more videos like this...🙏🙏😇
As part of my learning, watching your video is one. Time well invested. Thank you Akshat
The home school part is what got me hooked the most in this video. Love that you've taken such decision. 👏
In one of the video you said you are saving around 90 percent of your income . If we think your business expense wont exceed 1 lakh then total expense is 3.15 which is 10 percent of your income so 31lakhs per month is what you make ...
Appreciate the transparency. However, 2+ lac per month for a person who’s known for being very frugal - makes me a bit worried about how expensive our country is becoming. Did anybody else get this thought?
Akshat saves 70% of his total income which means he spends 30%. We know by this video that he spends 2L / month. Hence this 2L becomes the 30% of his total income. 2L/30% = 2L/0.3 = 6.7L which he might be making per month.
I hope Mukesh Ambani can give you this call very soon...He doesn't have any easy cool business idea where the expenses increase 10k to 10 lakhs per month as a youtuber...
Sorry to say but hotel food twice in a week and at home pure organic food it really doesn't match. It's like two opposite views.
Okay so if we assume that Akshat saves 70% of his income and only spent 2.5 lakhs approx in a month which will make his overall monthly income around 8-9 lakhs roughly but I think it'll be more so it'll make 1cr p.a approx
Than he forgets to add tax in his expenditure list. Always treat tax as expenditure and not libility.
Million dollar plus means 8-10 cr annually
His wife also earns, include that too.
Sir today 22/08/2022, FII has sold for -453.77 crores and DII for - 85.06 crores only. But NIFTY down by -267.75 points. I couldn't understand the reason for it. Please explain, why it is so?
Traders profit booking as 95% Indians are traders
Probably profit booking if you're wondering for a answer
Stop using the word "Sir". Ffs
Not all rise and fall are result of FIIs and DIIs
Retailers command 45% of daily volume in market daily
This is a wonderful Vlog and Courageous as well to share your expenses....thank you Bro ❤️👍
The best investment strategy I ever implemented was buying index funds every time I got paid despite what was going on in the stock market. People get too caught up in the day to day market movements. Better to just buy & ride out the market waves.
Akshay when you said you lived a frugal life, I thought your expenses would be under 30000 or 40000 a month. It was a shocker to learn that your monthly expenses is more than 2 lakhs 😊. I know it’s only a meagre amount when compared to what you earn but it still came as a total surprise.
yes these guys are uber rich and become teachers after that. But check 'Punjabi Trekker' he is able to manage his expense to 30K
Dont produce kids and you will also save a lot of money and time too..plus it is good for environment and save tons of carbon footprint. Most people have kids just so that they are not lonely in old age but now even that is changing as new generation wants freedom to live their own lives
@@5agrasen weird, go and give a lil research yes it might decrease carbon footprint a little but economically the country will destroy. Coz after a while all the youngester will become old and we won't have a new young generation who'll run the country? This is the challenge a lot of countries are facing such as Japan and Russia. And even for China, the one child policy has been a disaster. Not having a kid will have a lot more negatives than positives. Yeah for nature point of view it could be better but let's be real even if 1 country stops others ain't gonna do so hence you will not be able to complete them in future.
@@zipkod he's monthly income is above 15 lakhs atleast so for him 2-3 lakhs not a lot really ig.
Seriously? my friend(and me) is just a normal software engineer in Bangalore.
2.5 bhk house 25k/month
Car EMI 20k/moth
Just that will be 45k/month
Now add kid education expenses, maid, health insurance, gym, food, petrol, internet
Only Luxory in above list is a 15 lakh car.
Rent 20000
Trans 2500
Insurance 3000
Education 18000
Food 12000
Misc. 5000
Internet etc 1000
Elect. Bill 1500
Total = 63000
One of the main reasons I subscribed your channel was your transparency and of course your knowledge !!
Hilariously honest, immensely inspiring !!
How much wisdom and financial knowledge this young man acquired by this age 😮 Amazing stuff , a lot to learn from Akshat !! 👌👌 12:20
The most frugal person I know is spending 2 lakh per month. That reveals how poor I am😑
Dear Akshat Ji, I hope you are doing good. Please Tell us which plan you buy (Insurance 5Cr). Because 5Cr coverage in 65-70k is to good. I am also looking for life coverage plan and please also tell us how many years you need to pay premium means 10Y/15/30Y. please clarify ASAP
Bro .... Purchase electric car and install ongrid solar system. it can reduce your monthly expense .....both electricity and fuel expense shall be lowered
Actually I also stay in South Goa. I have been regular listener of your videos. The most thing to like is your sincerity and acceptance. And not to forget your English.Keep posting. Thanks
May we know what the name of your Life Insurance? Is it firm LIC or from any private Insurance?
Nice video buddy. Thanks.
Can you please do a video on Homeschooling in India? Would love to know your approach with your litte one.
Thanks again.
Dear thanks you for always sharing good videos..would also like to give you one advise, as you suggested that you are going for an Maruti Breeza, would suggest you to go for any TATA car or a car with 5 star trusted safety. As we all know safety should be top most priority and Maruti cars usually don’t match safety standards set by Tata. Thanks once again
What a honest person you are ... Lot of love and more growth to you!
Akshat, I am a Goan from South Goa but living in Mumbai. I must say that the standard of living is higher in Goa than in Mumbai. Here in Mumbai transport is well regulated....but yes..you get better food in Goa especially fish. Also during an emergency, it's difficult to find good doctors in Goa.
What? Goa standard is high or low?? Goa is a village life. So, the cost of living is low. But, it's not easy to get things at your table in goa..it's tough to even get to a local market. There are power , electricity issues every now and then. No internet and mobile networks sucks...so, there are lots of difficulties Good Hospitals are far off. So, the life is tough in goa. The service is not there. You have to literally beg people to get your work done. Customer is at the mercy of others here. So in that perspective, goa is lagging behind. Mumbai and other metro cities are 10 to 20 years faster and ahead of goa.
Are you living in Naigaon to say Goa is better than Mumbai? 🙄 I'm also from Goa but Mumbai is 20 times ahead of Goa, even in terms of standard of living.
Hey Akshat- how much do you save per month. What is your exact allocation in MF / Crypto Stocks and Cash buffer per month
Appreciate your sharing such personal stuff.
It takes courage to bare your finances out , I admire you a lot for your knowledge and communication 😀
Electricity is cheap in Goa compared to Mumbai and Delhi, I stay in a 1 BHK in Mapusa town of North goa, my monthly avg electricity bill is 500-600 rs , considering I use a 1 ton AC, a Geyser and a Induction stovetop for cooking. Yes, Public transport is a big issue in Goa, but overall it's cheaper cost of living here compared to metros
Moving to Goa is highly recommended
Saw your video after a long time. Biceps are growing… 💪
Nice...really simple and to the point ..50 30 20 rule is good...and you believe 20 percent should be min savings right?
Also will you recommend crypto investments from long term or its risky?
Hi Akshat! Great to watch your videos as always. This video in particular was a very forthright & honest one.. 👍
Just one question.... In case of buying a new car, how can we think of buying 2 cars to guess our affordability???
Akshat , can you make a video on your life & health insurance please ?
Million dollar income means 8 crs, is he saying that he's earning that much?
That's really a honest explanation Akshat.
May i suggest you to give EMI of 80k rather than giving rent, for buying your own house!
Maybe the house he is living currently in is not cheap and buying that kind of house would be very costly because of down payment.. so i guess according to his calculations opportunity cost is more profitable
Hey Akshat .. how are you mate ? We use reusable diapers for our lil one .. a bit expensive than regular ones but they are re-usable :)
expenses 214000
income 215000
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jk i know its 50 lacs-75 lacs/m in revenue.
Y wud someone live on 70k rent bungalow and not get one when u can afford that much😕🤔
According to expense, your monthly earning has to be 20-30 lakh per month.
Great honest video.
Did not expect you to be a maximalist though!
Whatever works for you though, and ensures a high quality of life.
That was very helpful Akshay… Im following you since a year or more… And I’ve learnt a lot… Can you please someday soon make a video on managing finances for people in Merchant Navy… As we don’t have steady monthly income , you only earn while sailing 🚢 …. It becomes a little tedious to handle finances with home loan on head and giving very limited time to family … Looking forward for your response!!
Thanks so much for sharing your expenses. You are generous in making all of our life's better. Would definitely hope to meet you in the restaurant albeit i am based out of Bangalore
Appreciate the feedback
What'sap me with the number showing above for guidance consultation and more investment updates..
Man, Akshat is soo ricchhhh.
In my childhood, I use to see Richie Rich, now as a grown up I see Akshat Shrivastava
Bhai , I am very surprise to see .....you are financial influencer along with your spouse as Economist... spending ~ 2.15 lacs/m in south Goa.
Hello Mr. Akshat I regularly watch your videos on stocks and investment ideas and I have a liking to your videos. I run a small fmcg distribution business myself which is a high turnover but low margin business. I have to say I'm not so much impressed by this particular video. See you are saying you are paying a rent of 65 to 70k/month for a villa in Goa. A person who is so meticulous about recording how much is spent on his son's diapers will spend 70k on a rented house. I watched the video again to see if you are paying an EMI of 70k but no it was rent. It doesn't make so much sense to me, also you say in some other video of yours that you prefer going in a scooter rather than a car to save money...i think a person who is capable of paying 70k per month on a house rent dont have to go out in a scooter to save some money. Btw im no one to judge your personal expenditures and habits, but since you have posted this video to the public as an advice on finance. Maybe be you can explain more about this.
i just feel lucky to have a mentor like you 🙂
there is alot of things I can learn from you
hat's off to u akshat sir ♥️♥️
This was unbiased and as transparent as it could get...
Dude spends 2.2 lpm still drives a maruti..respect.know guys earning half of it still buying 20 lakh suvs
Hello, can you please tell us why you are choosing Home Schooling, why not normal schools
Akshat ji, which mike were you wearing in the video?
Amazing video, love the way you lay down your points with clarity ❤️
Excellent 👌 with so much earnings only 2.14 lacs spending. Good advice for lavish spenders
Good video... however your life insurance premium is high? Is it because the cover is high or you did it recently?
Thank you for being honest. Very informative and helpful to plan accordingly as per individual income
Akshat, what happened to your Station F journey?
Despite any logic, please dont buy a maruti car! Dont prioritize safety over mileage.
Today's maruti cars are absolutely unsafe and waste of money. Rather buy tata/mahindra.
Hi Akshat! Great video 👍
Practical, precise and to the point 👏
Hey Akshat, is it a term insurance or a life insurance? Please clarify. Thank you
Akshat try “Seradura” a desert at martins corner next time. You will love it
guys roughly guess how much Akshat earns/makes per month?
Great content. But what do you do for your physical fitness?
Superb ! 👍
You are great in Communication, Skill and Explanation...
Appreciate it.
If I come to Goa, wud like to connect with you...
Rgds.
Jay
Thank you man... This is very helpful and also reality check
Very informative and you always give good advice... Sir we are waiting for your video on Swing Trading and Navi Mutual Fund of Manufactiring index fund
Akshat, great vedio mate. Your advice not only applies to people who lives in India, but people like me who lives in Sydney for many years. Thank you mate
Loved the video....And btw Ritz and Martins are my fav restaurants as well....I really like your honesty Akshat....
65k-75k seems too less for this huge Villa as compared to Bangalore's rents😬
Hehe, ask me brother where a 2Bhk rent costs around 30-40K in Mumbai.
@@tanish6046 I think you are still being humble, what i have seen are monstrous rent there
Thank you for the breakdown, it's essential for all😊
I really adore the positivity and sheer helpfulness that shines through any video you put it out.
Keep posting the great stuff.
And +1 on the openness in this video to put out your personal home expense.
I am positively surprised you still plan to own a brezza and not something in 25+L range.
What percentage of your income are you spending?
Hi akshat, please make analysis on laurus labs i am interested in that stock i spent some time to analyse but couldn't..
*bro there is no Ola or Uber in Goa - why ur saying its limited.....did you even bother to check?*
👆📝💬📝
Send a DM….
Hi Akshat, where do you order organic from? If you can answer we can follow.Thanks.
That home rent is too much. Is there something you'll do about it?
Rs.20,000 per year for health insurance !!! How much is the coverage ? 50k 🤕🤔
20% saving is not quick enough. It should be minimum 50% savings more like 75%.
Please make a video on online resources or tools for analysis for stock markets
Hi Akshat, my son told me to watch your videos, and honestly they are very interesting and I enjoyed them. Thnx for providing useful advice! God bless you.
Instead of renting a house and wasting money on rent, why you have not purchased home??
I had post this for him and posting again for something to ponder. I had questioned him on why he moved to a RICH state?. Spending 50-60 K on a rich state rental is uncalled for, please go to other state and spend this much . Should you not contribute to other states which doesn't have employment opportunities and where you can contribute to local employment. And why not HP or Uttarakhand which sends tons of Army personals to protect our country, cant you shift there ? and contribute also to national security and nation building . Does this requires any brains? You know its not always financial/Stocks banters. Think about it
i am making 16 thousand rs. per month and i am totally satisfied..... i am enjoying starbucks and McDonald's once or twice every month..
A very honest video…. Hats off to you
How about MEDICAL expenses, is it in miscellaneous or you all don't fall sick at all? Also nothing on CHARITY? . But CHARITY is personal choice. Also not sure if you made a video on RENT vs BUY?, Why pay rent when you can buy with the same rent as EMI and create an asset.
Please share your Life insurance details,I find 65-75k per year installment too low for 5 cr cover.....for 1 cr cover have been quoted 78000/- per year
Thanks for being so real with us.🙌🙌
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Send a DM….
Great video.. need a big heart to share in this detail.
Only 65k inr for Rs 5 crore cover ? LIC is charging me 3 times for the same amount