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Hi I am not getting option to join the you tube channel I am only having option to subscribe. I really want to join the paid community Can you help me how to do it Akshat?
Points valid, middle class suffer a lot due to government taxation policy in every aspects and also heave taxes on all goods and services, which middle class are forced to take. Toll Gates - I don't understand, this doesn't have expire date and keeps increasing with time. Groceries, transport products, etc - With increase in food, the percentage of GST also increases. Education/Medical department - With increase here, impacts other class of people. (ex: satisfy salary of staff, automatically middle class need to pay heavy) and no proper support for middle class from government. I would go for government party, which encourages or lifts middle class life with essentials like free quality education, free quality health care (Most can make out which party it is). A private company provides benefits like support, service, when you purchase a product from them for a paid amount, but our government don't provide much life security services for paying tax (this most of middle class have to think, instead of voting based on Brand or Religious factors). ex: -> Morbi bridge -> Bangalore Metro pillar fall Moral of the Story: (No service or security for these people or compensation for income earners to their family dependents)
Have been following you on CZcams for a very long time, love your work and explanation, it would be great if you make a monthly video on Swing trading please consider doing it
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
I would choose "missing the train of multiplying your wealth" over "chutes and ladders game of multiplying your wealth". Call me conservative or dumb. Loss of what you have hurts you much more than the joy it brings when you gain. And gains are hard to come by and are fraught with much greater risks in these troubled times. And, billionaires lose money, too. Hell, some of them even go under. There is no such thing as risk-free gain.
As true as this is. It is extremely difficult for us Middle class folks to take time out of our daily run to find ways to invest safely and get good returns. We barely get time to spend with our family. 😢
For those saying I'm stuck in matrix or loop. Please stop judging others we don't know how we're living or the circumstances we're having. It's not that the one's pointing are sipping on mojitos and relaxing on a beach everyday. We all have a loop in life. One form or the other.
@@tinutennyson797 Loop life is the biggest problem. Waking up early in the morning, going to office from 9am to 5pm, again coming to home will definitely ruin our life in long term. If we don't come out of this loop then we find ourselves stressed and we feel meaningless in living our life.
Truly a relatable video. I am observing the same thing nowadays. The main thing with the middle class is that we feel ashamed of doing things ki log kya bolenge. On the other hand the poor class will not feel ashamed because it is the matter of their survival.
100% agreed. Middle class specially who are salaried are crushed more than anyone in this country! 80C benefit not increasing, neither other tax saving options
Netas think only Billionares can bring business... They get Votes from lower class and favours from Rich class... Middle vlass is treated like middle sex.
Actually u r lower middle class that is why bro u having much pain,and this is the situation of every lower and middle middle class of all the nations NOT just in India.
" Clarity is lacking in the middle class! " - What an eye-opening point you made man! Hats off to you for that! A single video of yours taught me more about finance than what I was collectively taught in many of my classes combined on the Principles of Economics course at NIT!
Its a Principles of Econ course, not Principles of Finance. Though as an economist myself, we are woefully under-trained in finance. And I also believe that the most topics taught in Prin. of Econ course are thoroughly useless.
First and foremost u must tell the name of bolloywoid actress otherwise it will be consider as propaganda ..if ur truth what to worry ..why will she sue u ..infact she will support u ..I think ur next version of dhruv rathee when Arvind kejriwsl paid him efty money for marketing about Delhi school which turn out to be fake..I request to to come together for national building instead of bringing down the country for political propaganda..we all need to come out from colonial mindset and must come out from influence of European..Problem with Indians are they believe what ever white people tell that's is truth ..whether it is any report..They use this tool as propaganda machine.
Modi BJP being puppet of ambani adani,single handedlyreduced interest rates in 2020,2021,HY2022 withoutstopping inflation,benefitted reliance retail,adani wilmar..in 140 crores populated india not 5%,4% inflation even with 2% of prolonged inflation crores of poor people are dyinga
The confusion part is so true.. until college you have to follow what your parents say and struggle to compete only to realize after half your life is already over what a big mistake you made. They never gave you the right lessons. Now you don't even know how to start, where to learn from, or perhaps it's too late.
Few wrong assumptions...and corrections:- 1.It is not too late, if you are working an 20-30s something and still have 30 years working life. 2.Never blame parents, they gave you what was best per their times and best intentions (same way as you'd to your children)- own up your life, don't hold anyone else responsible. 3.Todays' world has free knowledge waiting to be found. Understand the basics, just get started rather than complain. Learn the slow and steady and boring way. Money and true wealth are built over the span of many decades. It is not so difficult if you are disciplined, doing right things and are among the right set of people. So wishing you all the best in your financial planning and journey.
@@kanakTheGold Thank you for your wishes/judgements/assumptions. I am not in my 20-30s Everyone's life is different so I wouldn't judge that they are simply sitting and complaining and blaming their parents. Now I am not simply blaming them and I love them. And I certainly don't want to discuss about them here. my intention was simply stating a fact (I also know they did best of what they knew). Sometimes you don't write everything in a comment. Also lot of children also have their side of the story(fortunate and unfortunate) . So without knowing anything about them I wouldn't recommend jumping on them just because you read someone making a statement about parents.
Middle class doesn't get into doing riots, no unity again, so govt takes advantage of this and further imposes these shty rules like TDS etc for salaried class .. we have to raise voice against this, bring it to streets otherwise it will never work!
@@gameplayjoker3692 Unionizing is the first step. Next need political wings. I dont mean the state and central workers unions, but organized private sector workers' guild, no joke.
Despite the fact that I invest, I am saddened by my inability to evaluate each company's performance and determine whether or not this is the ideal time to purchase stocks. My monetary stockpile is being depleted by inflation. At this stage, I need accurate market trajectory data, but I'm not sure what to do.
Particularly in this weak market, there are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.
@@logisticsdelivery I completely agree, which is why I prefer to delegate daily decision-making to an investing coach. It is nearly impossible for them to underperform given their specialized knowledge and research, as well as the fact that every one of their abilities is geared toward utilizing risk for its asymmetrical potential and mitigating it as a buffer against certain bad turns. I've been working with an investment coach for over two years and have made over a quarter million dollar.
@@victorcardi2019 I've been thinking about going that route. I've been holding onto a lot of stocks, but they're starting to lose value, and I'm not sure if I should retain them or sell them. I think hiring your investment coach would help me restructure my portfolio.
Solid video! I would add a PoV that the lower strata is bridging the gap and moving towards middle class, while the middle class remains stagnant. Absolutely agree with a lot that you have said!
@@trinanjan00007 No, that won't happen as Demand-Supply in such a case will automatically reduce the purchasing power of the middle class, resulting in them actually being poorer. So, technically even if many people come to the threshold of the middle class in numbers, in actuality both the poor and the middle class will have less ability to buy things/ sustain themselves.
@@keshavgoel11 do you think the solution that telling is viable for all the middle class or it seems to benefit according to the situation where that person falls into because all the person situations are not the same
@@trinanjan00007 It will be a society where overall standard of living is elevated. Similar to poor people in the West. They will have a place to live, a car to drive, some food to eat, however, their ability to save will go down. Also people will have debt! Some insane amount of debt! Domestic asset to liability ratio will be more than 2.
You are absolutely right.... I used to discuss these things with my husband usually. My mother was a government employee and she could bought 10 cents of land in 1993 and built a house. She bought that land for ₹ 60000. Now the same land costs 2400000. I don't think I can ever buy land like this with my job.
I don't think you understand over population, decrease in female fertility rate, increase in rate of income and you definitely don't trust lithium and nuclear power. Dimag kholo leftist media follow karna band karo
Problem is that the laws are made for middle class only, taxes are for middle class, this taxation was copy pasted during British culture when there was Babu culture.poor and rich only remain unaffected..it's not easy to be business man otherwise every one would have become business person. Banks gives loans to only those who don't need it.we were all taught in school to become part of this circle. Get grades and get a job. Which school ever taught us to do business.. nothing can change with this education system .
Really agreed the gap b/w poor and middle class is decreasing. For eg- I come from middle class but can't afford an iphone but chhapri tiktoker has ktm and iphone both. Also in pune, once we booked the cab the cab driver said- mujhse galti se request accept hogaya nhi to aaj ka kamai poora krke so rha tha... And it was not even evening...😶😶
The single biggest change we need in today’s over stimulated age is ‘Self awareness’. If you don’t know yourself, you’ll always be a reflection of what society projects on to you.
This is one of the best videos I've seen of yours and is the exact need of the hour for most of the Indian population which even Govt. has ignored #Middle class Even the one who wrote the great saying "Rich gets Richer, Poor gets Poorer" didn't care about the middle class.
I read about indexation tax recently. And, today I read one article on moneycontrol and I am sure 20 years down the line, middle class will die paying taxes and heavy prices on product & property. Rich will get richer and poor will get the benefits of social security schemes(eventually they will also suffer due to high prices and poor life opportunities). Good luck my country, thanks to this govt. middle class is gonna die slow death.
@@rak24ron 👏👏, sir please don't come with this reply of this is happening allover the world. We r in this country, so let's talk about making it better.
Very true Everybody if point out or crtitize something , first defence is what about Ki us me bhi to ese hi h Hm US h ?? Any field in which we are at par Bs country k bare me kuch bola to . we were always taught by our medicine hod you'll only see what you know . If we don't know we won't see but biggest what if we are seeing and still remains to be blind . ram bharose indeed
I am not justifying what is happening, but Your sentence "good luck my country, thanks to this government". I felt that you are just blaming our country and government. As if other countries are doing good and only our country is at fault. This is not particularly our country problem, Our main quest should be why this is happening and what steps should be taken
@@rak24ron I am worried about my country and my fellow people. There is one more trend is emerging the way rich people r living India, the way corporate taxes coming down, the way less and less people r coming out to vote. Connect all these dots and see what picture emerges. Thanks
Middle class also has the clarity towards life.. Earn money as much as you can, go higher in professional journey. . Doing business is not the only solution, dude
Tips for middle class: 1. Stop getting married 2. Stop buying liabilities like cars and personal loans. 3. Stop producing kids. 4. Stop lavish spendings. 5. Be contented. You won't become that poorer with time.
@@SodiumSyndicate well. First of all producing children for taking care of your old age is utter selfishness. In a country of 140 crores creating one more child is a crime, literally.
It is 100 % true about Middle class , and each and every phrase said was a gem of its kind. Thank you Akshat for taking time to do this video. Few important points to take diversify your investments, increase multiple sources of incomes, be clear on the goal, Only spend on necessities , learn things and identify your strong areas
Rich always have the upper hand, not just in India, but all over the world. This is because they know the loop-holes in the system / can hire lawyers to find them. Having said that, the real estate example, that you have given (to make money) is not that simple. First of all, 'black money' is slowly losing any advantage - everywhere, any source of money is investigated, whenever the amounts involved are high. Black money will get you into more trouble - especially in property, where amounts are huge - you will get threats from local gangsters. Also, buying / selling property is an extremely clunky process, with large bribes having to be paid in order to 'clear' large deals and very few genuine buyers. Making money with equity is far cleaner and you can dispose-off small amounts at any time (Would you be able to sell part of your flat, if you urgently need money?)
Excellent video.. Content was almost like reading the book "RICH DAD POOR DAD". Anyway thanks for this admiring and obviously sensible motivational video.
Yes.. that's what happens in a Young country like India. Well I suppose these young individuals could be employed in nation building but the case is even Phds are filling Maharashtra Constable exam form But don't worry our demographic divident will reach its peak & I wonder what would happen when this young population would grow older.
@mojojojo then UGC need to be blamed and ultimately government need to have a sense of responsibility. unskilled labour (what you call these guys) built burjnkhalifa, set up multiple international towns but why can't they do the same in India? It is all because Nikaami sarkar because that where difference lies.
@@RealIndian821 all of them are not unskilled, majority are unskilled. Can't blame much to modiji. Politician and public are in win win situation right now , undeserving fools are getting degrees while colleges of politicians are minting money. People should think for themselves if they don't trust their government why trust government education system, minority skilled graduates are due to them making their way up by their sheer hard work and persistence. Education is not important for indian voter so this situation won't change.
I totally agree with you. Being a middle class I always wonder where to invest, which is best which is risky and all. Most of the time tho thinking me hei chala jatha Hein seriously. Taxes bhi hame hi barna Hein. Pity on us that we don't even fall under any govt scheme. Everything is applicable only for poor people.
Very Much Agree Akshat. I am also working in a IT industry and paying heavy taxes on my salary. I wanted to make a point let's say I have done recently a furniture at my flat and for all that I have purchased the material with GST because shopkeepers these days must taking GST. So additionally I have paid extra tax , But Shop keeper will get a GST rebate on those material sales with profit . So why govt. cannot give a GST rebate on these bills on my PAN card as a individual tax-payer. Where as shop-keeper is getting double benefit ?
Problem is ot with GST. It is paid by end user and shop- keeper should get the profit. So there is no double benefits.you should ask for or question for your direct tax /income tax. When every individual ,be it poor or middle class, is paying GST, various service taxes,road tax etc,why this high income tax is there? India is high populous country so tax collections should be robust. ONLY IF GOVERNMENT OFFICIALS BECOME FAIR AND HAVE ZERO CARRUPTION. Practically,there were and there will be two classes- employers and employees.
Love your work. A build on the groceries not affecting Adani comment. They do, because he has to pay his workers more, but corporations can usually just pass on the added costs to their customers, so the overarching point remains valid.
This is true. I was speaking to a maid in Bangalore, she worked in 10 households, charging 8-10k per household. Her husband was a cook working in another 10 households with similar income. There family income is 1.5lac plus. Are they really lower class now, yes because they don't send their kids to the top private schools, want to live in the best city locations, or own a car. Middle class is a mentality more than a financial status. Middle class aspirations trap them into a cycle of credit & debt and eventual make them lose money in the long run.
@@Lifeangel2908 8k per month each house for 10 houses. They work hardly 1 hour per apartment everyday. Sometimes 3-4 apartments in same building, so it will save commute time. Many maids work like this, 10-12 hrs per day.
@@Lifeangel2908 Bro, I live in mangalore. One maid was asking 4k just to work for 4 times a month every sunday. Believe me, there are maids who ask that much money nowadays.
@@Lifeangel2908 depends on location and apartment. I'm talking about a maid that does cooking and cleaning and dishes in posh apartments in Indranagar. She starts her day at 5 am and ends at 9pm. My own maid is charging 7k. And this is the minimum a maid will expect in this locality. They work 6-7 Houses in the same apartment complex so it's not hard to cover 10+ houses in a day. Also, this maid was known to be a good cook so her rates are higher. If you want a special type of cooking, etc, rates are higher.
@@Lifeangel2908 I'm not going to argue with you. Obviously I'm talking about 2 different maids, the one that works for me and another i was considering before I got my current maid. If you don't want to believe me, and stay in your middle class mentally, do so. This is my experience. And yes, rates are fixed as per the society. In posh societies, rates are high. Also these societies have a few fixed maids that work in neighbouring houses, they also live in close proximity to these societies to safe commute time . You can pay 4k +4k to 2 different maids and divide the work between cooking & cleaning. Or u can negotiate to keep 1 for 7-8k at least. Of course rates vary by City & location. I'm only stating my experience, don't believe me, I don't need to "prove" anything to you. If you want to stay in your middle class safe bubble, do so. But the reality is, the only difference between middle & working class is mentality, income difference is reduced by the day.
Salaried tax payers are the most deprived group today. Inspite of paying taxes they get no benefit from the govt.Non-salaried people get most of the privileges,in the form of subsidies.They utilise their time to do multiple businesses,and hence are becoming self sufficient and happier.
India has a wide base of young people so the future has to be positive growth. India will need to be open and develop much, much more; in that case more middle class will be there. The clue is further development, and that is a great challenge the nation faces.
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been. I need new ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
It's precisely at times like these that investors need to be on guard against the next certainty. You don't have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with different points on the shares/ETF you focus on.
I handled all my investment and I was pretty good at it, fast forward to post-pandemic and my-portfolio is steady in the red with profit rate down to the lowest, I touched-base with a coach I saw featured on business week, who changed my portfolio and over the last couple years, l've made over $850k from initially $210
Sure, the professional investment-advisor that guides me Is Frances Annette Batista and has quite a following, so it shouldn't be a hassle to find her.
Wealth effect is also an issue. 5 years ago 1LPM salary was unheard of and nowadays every techie I talk to is getting at least 2. So there is a huge imbalance between non tech jobs vs tech jobs for middle class students.
@@avinashincredible 3 times? 300%? Did you skip education at age 5? Inflation has increased by around 65% since 2012. A thing that used to cost 100 Rs. in 2012, now costs 165 Rs. This is not three times. People have also become dumber in the last 10 years. Stop throwing numbers just like that.
@aditya May be you are just calculating groceries. And mind your language. I have much better financial calculations. When you calculate inflation you have to take into account everything including real estate, education etc. Well I have no intention of argument. You are free to live in assumption
TCS 10 years a ago. Fresher gets Rs. 30,000 Per month. They can atleast buy 10 Gm gold. Now the salary is 30-40K how much gold you can buy? Look at TCS share & dividend price growth in the last 10 years. Salary didn't grow for middle class. But a share holder wealth increased. But for students their fees doubled/tripled in last 10 years.
sir, you are indeed an inspiration. Seeing you share your experience is so helpful, really thankful to your conselling that you gained after hustling for so long. Thank you!
Must say your video presentation has improved with time. Insight with a touch of humour make it a lovely treat. Keep making such insightful content and helping us.
Excellent case study brother ...really true ...already we are seeing bad reflections in middleclass society being crushed ...i can certainly forsee that by 2030 this gap will increase 10x and not to mention majority of middle class sell thier assets to climb down one step to lower strata of society 👍Great analysis ..liked it ...pls make more such knowledge videos ...this will give alerts to all of our middle class to plan and park capital better and safe 🙏
I am 65 and compare my present living status with that of my parents. My father was a single earner with 6 kids and it was hell to manage 8 persons with a single salary. However thanks to KV & Govt colleges, all the siblings got their basic degrees and after initial struggle are doing extremely well as a middle class. Not only we own our own properties and other assets but have saved a lot through PF, FD, Small Savings and a bit of equity & MF. After retirement too we are 10 times better than my parents were at same stage with a smaller family and working spouse. Hence with Govt pension and DA which suffice us with our monthly expenses, our life is much happier and healthier than that of my parents. All thanks to Bank FDs, Small savings in PO, PF, Gratuity and Tax saving Housing Loans. I still think that Bank FD & Small savings + investment in PF to maximum extent possible (to save tax, as interest accrued on PF is not taxable) is the best investment apart from correct investment in a good MF (also to save Tax). Property purchasing & selling and investment in equitas is a risky job for most middle income citizens and should be avoided. This is my personal opinion.
Sir, the interests are way lower now than it used to be back in 2010-12, as per the FRBM policy of the government, it is reducing its expenses like from pension and interests instruments like FDs, RDs. And this would go down to negative in real terms in coming years, though with inflation they are in negative. With current govt the saving capacity of senior people like you it is much hard to bring any benefits from saving schemes like you had.
Indian middle class are getting poorer as theyre influenced a lot by new age fintech gurus into investing in things they have no clue of.. likes of cryptos thru stupid apps like vauld and into foreign markets through some banks registered in Mauritius etc
I want to add one more point here w.r.t. lower class vs middle class. People of lower class are not ashamed to do any jobs that come their way where they can earn money but middle class has the problem of bringing status to the work they fo and feel ashamed to work even which brings a lot of money in less efforts. Eg. Panipuri seller.
Interesting perspective but Middle Class is the Mind & Muscle, they have the ability to create value, wealth & well-being that today Businesses are aggregating to become rich. The next generation of street smart, skilled, talented kids will create a vibrant new ecosystem that will empower a whole new way of living!
Hi Akshat, Hope you are doing well. Today you talked about the fact of the middle class (lower and average). In (ground level) practical. I appreciate your efforts on this. 👍
Almost half of middle class problems can be avoided by not marrying early without having a stable job , currently the average age of marriage for Indian men is 21 so how can they become financially good with decisions like this.
Wow. This video opened my eyes. What I feel is as Akshat Shrivatsava said "middle class people have aspiration problem as well as more confusion in what and where to invest." Middle class people have slavery mindset i. e, they only want job. They don't want to do business or they don't want themselves to involve in entrepreneurship. But when it comes rich and poor, they don't have slavery mindset. Rich people will definitely have lots of business, make good invest and save their money. Poor people they atleast start(not all) very very small scale business like keeping small petty shops etc., and they decide to earn more through that by hardworking. Thank you Akshat for making this wonderful video and giving awareness to people. Hope middle class people open their eyes after watching this video.
1. Govt must work on reducing Indirect taxes on goods & services which dries up the middle class money. Middle class cannot save unless it is done. 2. Govt must increase 80C limit from 1.5 Lac to max amount possible so that middle class will get benefited and encourages to do investment as well.
I gave up getting married and just feel fulfilling my responsibilities towards my parents itself has become a big deal for me. I am not even sure what class I am anymore. Only good thing is I am optimistic and keep trying to find ways to improve my situation, but so far, I failed and failed.
The problem with indian middle class is we focus on useless private degrees , thinking of investing as gambling and saying that you will only lose money so don't invest , don't doing any buisness and saying ki we can't do this , they will happily work as employe at 10k per month than a delivery guy or cab driver which may make more money than them saying ki so called respect kam hojayegi .
What I find extremely unfair is that we use equity investment for long term wealth gain but we only have INR 1L exemption and rest of the profits are subjected to 10% LTCG. Now we can harvest tax every year and generating 1L profit on a 50k portfolio may be difficult but what if the portfolio size is larger? Getting a 1L profit will be much easier on 10L portfolio. 1L exemption is just not enough esspecially without any indexation benefits. Sure section 54 helps with getting LTCG exemption if you buy a home but what about kids education or regular living expenses? For the government we are the safest and guaranteed way of collecting taxes and yet we are getting screwed so subtly that we dont even realize the full extent of it
@@julies5085 you didn't get my point. I am not talking about asset allocation here. I am talking about the size of the equity portfolio and tax harvesting. And if you tell me that you won't have even 10lac in equities then i am afraid a lot of goals will not be met on time unless you have a very high income and very high savings too. You might shift the money into safer instruments for capital protection as you come closer to your goal completion but that's a different thing
It isn't clear what you mean. 100% returns on 50k portfolio yo get 1L profit, why did you even mention an out of the world scenario like this , i could not get it. If only were rules and policies were made so that people invest and become rich then all of us would be happy. No ordinary middle class person will have the capacity to invest 10L in equity alone, surely not me after being salaried earner for 5 yrs. Probably after another 12 years I might which will be aggretated amount and interest invested all the years till then. Or did I miss some point you tried to make?
There is this man who has some strange ideas and doesn't want to send his children to school. Honestly, I really don't want his videos showing up in my recommendations at all.
Very useful video. Everyone should go through it. It is a contrariant view point against the views that middle class population will be richer gradually in future.
For all the middle class people the classic dialogue from Top Gun should be applicable, "Your ego is writing cheques that your body cannot cash". Don't let it happen guys and girls.
Focus on what you can build Learn to sell - offer value and sell your products/ skills Learn scalability - how to scale businesses Invest like rich in different assets Learn to take risks - take small steps and develop risk taking appetite
Thank you Akshat for your excellent presentation of this video, especially the SMOOTH FLOW of exact English words for the listeners.I fully agree 100% with your views.This Modi govt is simply NEGLECTING this class because they are not their vote bank.Middle class people make too much stress on the education of their wards,even by taking loans & they in turn pull up their families to higher status by going abroad in search of better jobs.Another trend I could see in society is to REMAIN SINGLE OR IF MARRIED DON'T HAVE CHILDREN OR HAVE LIVING- IN RELATIONSHIPS.This is mainly due to economic reasons & going forward,the population is either going to shrink or remain stastic.😊
You have spoken some hard truths! Love your videos, they are very insightful. Can you please make a video on how people abroad can invest in India with good returns.
Akshat, bro it was thoughtful you putting your own picture to portray poor and poorer in the promo 😅 Big Fan of your research and appreciate the efforts you put in each and every video...😎👌 It resonates your sincerity and honesty towards work.. Thank-you 🙏
Buy a property at 31 cr in 2015 and selling it in 50 cr in 2022 doesn't make you a real estate genius. It is merely 7.25% CAGR plus lot of transaction costs available in real estate. A simple index fund like Nifty BEES has given much bigger returns than it with hardly any cost. Index fund given 12%/ CAGR in last 10 years.
Super Informative Speechs delivered #AKshat Sir.Thanks a lot for growing us and valuable tricks you shared.I don't only learn your financial advice,I do also learn how to talk as you speak with lots of clearity.
I have seen a lot of your videos, you have a great grasp of finances. But your perception of social reality is mind-boggling. Your ordinary "middle class" are those having lakhs of income, own house, cars and leftover money to "try and play with investments". And your advice and recommendations all fit to those who have 50+lakhs annual income.
Hey Akshat it is really a eye opening video to every one who falls under the category which you have mentioned. The jist of your videos are really helpful to so many aspirants who really want to do something useful
Dear Akshat Sir, thanks a lot for providing an outstandingly different perspective to this problem of middle class. Wonderful video. Looking forward to learn more such nuggets of wisdom from you.
Your comments on TDS on middle class is absolutely true & pinching us every day. Also Energy price inflation is something the govt controls, be or fossil fuels or upcoming green energy, prices will be dictated by Big companies & govt will add & increase taxes based on deficit
The one and the only way that Indian middle class improves is that India becomes a manufacturing hub which we are not like the way China is. Manufacturing will bring in better paying jobs and overall economic situation of the middle class will prove. But the sad fact is we are not.
Indexation refers to adjusting a financial value for inflation. In the context of taxes, indexation is used to adjust the cost base of an asset (such as property or securities) for inflation. This helps to reduce the capital gains tax (CGT) liability when the asset is sold. For example, if an asset was purchased for $100 and sold for $150, and inflation was 2% per year, the indexed cost base would be $110. So the capital gain would be $40 ($150 - $110) rather than $50 ($150 - $100).
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Can you suggest some brilliant books for all this education financial and macroeconomics @Akshat
Hi I am not getting option to join the you tube channel I am only having option to subscribe. I really want to join the paid community
Can you help me how to do it Akshat?
Sacrosanct means something that is very important 🙈
Points valid, middle class suffer a lot due to government taxation policy in every aspects and also heave taxes on all goods and services, which middle class are forced to take.
Toll Gates - I don't understand, this doesn't have expire date and keeps increasing with time.
Groceries, transport products, etc - With increase in food, the percentage of GST also increases.
Education/Medical department - With increase here, impacts other class of people. (ex: satisfy salary of staff, automatically middle class need to pay heavy) and no proper support for middle class from government.
I would go for government party, which encourages or lifts middle class life with essentials like free quality education, free quality health care (Most can make out which party it is).
A private company provides benefits like support, service, when you purchase a product from them for a paid amount, but our government don't provide much life security services for paying tax (this most of middle class have to think, instead of voting based on Brand or Religious factors).
ex:
-> Morbi bridge
-> Bangalore Metro pillar fall
Moral of the Story: (No service or security for these people or compensation for income earners to their family dependents)
Have been following you on CZcams for a very long time, love your work and explanation, it would be great if you make a monthly video on Swing trading please consider doing it
For those who don't know the name of the actress is Sonam Kapoor
Appreciate your comment
What’sap me with the number showing above for guidance, consultation and more investment updates.
Probably sold to anil Kapoor
@ranjith91 but has more money than yu and me
@@isikaemmanuel16
Chodu h kya
@D Someone in her family would have worked harder than our people from our family.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Agreed, read some thing similar in Richest Man in Babylon
A bird in hand is worth two in the bush.
Y don't the Opposition just unite & take 1-1 fight with the BJP in every constituency.....................?
Someone with less salary can't save more money. Both are important
I would choose "missing the train of multiplying your wealth" over "chutes and ladders game of multiplying your wealth". Call me conservative or dumb. Loss of what you have hurts you much more than the joy it brings when you gain. And gains are hard to come by and are fraught with much greater risks in these troubled times. And, billionaires lose money, too. Hell, some of them even go under. There is no such thing as risk-free gain.
As true as this is. It is extremely difficult for us Middle class folks to take time out of our daily run to find ways to invest safely and get good returns. We barely get time to spend with our family. 😢
You are stuck in loop
you are stuck in the matrix
Stuck in the Matrix mate.
For those saying I'm stuck in matrix or loop. Please stop judging others we don't know how we're living or the circumstances we're having. It's not that the one's pointing are sipping on mojitos and relaxing on a beach everyday. We all have a loop in life. One form or the other.
@@tinutennyson797 Loop life is the biggest problem. Waking up early in the morning, going to office from 9am to 5pm, again coming to home will definitely ruin our life in long term. If we don't come out of this loop then we find ourselves stressed and we feel meaningless in living our life.
Truly a relatable video. I am observing the same thing nowadays. The main thing with the middle class is that we feel ashamed of doing things ki log kya bolenge. On the other hand the poor class will not feel ashamed because it is the matter of their survival.
100% agreed. Middle class specially who are salaried are crushed more than anyone in this country! 80C benefit not increasing, neither other tax saving options
Lol
Netas think only Billionares can bring business... They get Votes from lower class and favours from Rich class... Middle vlass is treated like middle sex.
True
Hlo actuali we can't say we are middle class
The problem is we dnt knw what is our position in country
Actually we are lower middle class
Actually u r lower middle class that is why bro u having much pain,and this is the situation of every lower and middle middle class of all the nations NOT just in India.
" Clarity is lacking in the middle class! " - What an eye-opening point you made man! Hats off to you for that!
A single video of yours taught me more about finance than what I was collectively taught in many of my classes combined on the Principles of Economics course at NIT!
Its a Principles of Econ course, not Principles of Finance. Though as an economist myself, we are woefully under-trained in finance. And I also believe that the most topics taught in Prin. of Econ course are thoroughly useless.
@LAXMIKANTH KOLURAGI Yes, even in general self learning should never stop. We can't learn everything in class anyways.
clarity is not lacking
no one helps middle cars
First and foremost u must tell the name of bolloywoid actress otherwise it will be consider as propaganda ..if ur truth what to worry ..why will she sue u ..infact she will support u ..I think ur next version of dhruv rathee when Arvind kejriwsl paid him efty money for marketing about Delhi school which turn out to be fake..I request to to come together for national building instead of bringing down the country for political propaganda..we all need to come out from colonial mindset and must come out from influence of European..Problem with Indians are they believe what ever white people tell that's is truth ..whether it is any report..They use this tool as propaganda machine.
Modi BJP being puppet of ambani adani,single handedlyreduced interest rates in 2020,2021,HY2022 withoutstopping inflation,benefitted reliance retail,adani wilmar..in 140 crores populated india not 5%,4% inflation even with 2% of prolonged inflation crores of poor people are dyinga
The confusion part is so true.. until college you have to follow what your parents say and struggle to compete only to realize after half your life is already over what a big mistake you made. They never gave you the right lessons. Now you don't even know how to start, where to learn from, or perhaps it's too late.
💯
Few wrong assumptions...and corrections:-
1.It is not too late, if you are working an 20-30s something and still have 30 years working life.
2.Never blame parents, they gave you what was best per their times and best intentions (same way as you'd to your children)- own up your life, don't hold anyone else responsible.
3.Todays' world has free knowledge waiting to be found. Understand the basics, just get started rather than complain. Learn the slow and steady and boring way. Money and true wealth are built over the span of many decades. It is not so difficult if you are disciplined, doing right things and are among the right set of people.
So wishing you all the best in your financial planning and journey.
@@kanakTheGold
Thank you for your wishes/judgements/assumptions.
I am not in my 20-30s
Everyone's life is different so I wouldn't judge that they are simply sitting and complaining and blaming their parents. Now I am not simply blaming them and I love them. And I certainly don't want to discuss about them here.
my intention was simply stating a fact (I also know they did best of what they knew). Sometimes you don't write everything in a comment.
Also lot of children also have their side of the story(fortunate and unfortunate) . So without knowing anything about them I wouldn't recommend jumping on them just because you read someone making a statement about parents.
Middle class doesn't get into doing riots, no unity again, so govt takes advantage of this and further imposes these shty rules like TDS etc for salaried class .. we have to raise voice against this, bring it to streets otherwise it will never work!
@@gameplayjoker3692 Unionizing is the first step. Next need political wings. I dont mean the state and central workers unions, but organized private sector workers' guild, no joke.
Despite the fact that I invest, I am saddened by my inability to evaluate each company's performance and determine whether or not this is the ideal time to purchase stocks. My monetary stockpile is being depleted by inflation. At this stage, I need accurate market trajectory data, but I'm not sure what to do.
Particularly in this weak market, there are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.
I suggest that you look for a mentor or knowledgeable advisor, particularly in light of the current economic climate.
@@logisticsdelivery I completely agree, which is why I prefer to delegate daily decision-making to an investing coach. It is nearly impossible for them to underperform given their specialized knowledge and research, as well as the fact that every one of their abilities is geared toward utilizing risk for its asymmetrical potential and mitigating it as a buffer against certain bad turns. I've been working with an investment coach for over two years and have made over a quarter million dollar.
@@victorcardi2019 I've been thinking about going that route. I've been holding onto a lot of stocks, but they're starting to lose value, and I'm not sure if I should retain them or sell them. I think hiring your investment coach would help me restructure my portfolio.
@@caroamira bot
Solid video! I would add a PoV that the lower strata is bridging the gap and moving towards middle class, while the middle class remains stagnant. Absolutely agree with a lot that you have said!
So middle class will increase with your POV in future?
@@trinanjan00007 No, that won't happen as Demand-Supply in such a case will automatically reduce the purchasing power of the middle class, resulting in them actually being poorer. So, technically even if many people come to the threshold of the middle class in numbers, in actuality both the poor and the middle class will have less ability to buy things/ sustain themselves.
@@keshavgoel11 do you think the solution that telling is viable for all the middle class or it seems to benefit according to the situation where that person falls into because all the person situations are not the same
@@trinanjan00007 It will be a society where overall standard of living is elevated. Similar to poor people in the West. They will have a place to live, a car to drive, some food to eat, however, their ability to save will go down. Also people will have debt! Some insane amount of debt! Domestic asset to liability ratio will be more than 2.
That’s what developed countries are about most of their population is middle class
You are absolutely right.... I used to discuss these things with my husband usually. My mother was a government employee and she could bought 10 cents of land in 1993 and built a house. She bought that land for ₹ 60000. Now the same land costs 2400000. I don't think I can ever buy land like this with my job.
It will increase further
I don't think you understand over population, decrease in female fertility rate, increase in rate of income and you definitely don't trust lithium and nuclear power. Dimag kholo leftist media follow karna band karo
Problem is that the laws are made for middle class only, taxes are for middle class, this taxation was copy pasted during British culture when there was Babu culture.poor and rich only remain unaffected..it's not easy to be business man otherwise every one would have become business person. Banks gives loans to only those who don't need it.we were all taught in school to become part of this circle. Get grades and get a job. Which school ever taught us to do business.. nothing can change with this education system .
Really agreed the gap b/w poor and middle class is decreasing. For eg- I come from middle class but can't afford an iphone but chhapri tiktoker has ktm and iphone both. Also in pune, once we booked the cab the cab driver said- mujhse galti se request accept hogaya nhi to aaj ka kamai poora krke so rha tha... And it was not even evening...😶😶
Truth, more money in slums than housing societies.
A bhel puri Waala after paying hafta earns 5000 bucks per day tax free in Mumbai just imagine
Also, my cab driver in gangtok said that he earned almost 1.5 lakhs per month during peak season. Minimum 80K
Bhai no offence....then why don't you become a taxi driver ?? Maybe they are earning more now, but we've admit that it's their hardwork
The single biggest change we need in today’s over stimulated age is ‘Self awareness’. If you don’t know yourself, you’ll always be a reflection of what society projects on to you.
This is one of the best videos I've seen of yours and is the exact need of the hour for most of the Indian population which even Govt. has ignored #Middle class
Even the one who wrote the great saying "Rich gets Richer, Poor gets Poorer" didn't care about the middle class.
Middle class is was always poor but their illusion around money isn’t clear
Pakode becho . Gareeb bano life enjoy Karo. Kitna privilege hey logo ko
Main plan is that middle class will be removed. Society will have two classes. Rich and poor.
Modi already predicted this way before. And he told the middle class to sell pakoras
I read about indexation tax recently. And, today I read one article on moneycontrol and I am sure 20 years down the line, middle class will die paying taxes and heavy prices on product & property. Rich will get richer and poor will get the benefits of social security schemes(eventually they will also suffer due to high prices and poor life opportunities). Good luck my country, thanks to this govt. middle class is gonna die slow death.
This is happening not only in our country, it is happening all over the world including US and Europe
@@rak24ron 👏👏, sir please don't come with this reply of this is happening allover the world. We r in this country, so let's talk about making it better.
Very true
Everybody if point out or crtitize something , first defence is what about
Ki us me bhi to ese hi h
Hm US h ??
Any field in which we are at par
Bs country k bare me kuch bola to .
we were always taught by our medicine hod you'll only see what you know .
If we don't know we won't see but biggest what if we are seeing and still remains to be blind .
ram bharose indeed
I am not justifying what is happening, but Your sentence "good luck my country, thanks to this government". I felt that you are just blaming our country and government.
As if other countries are doing good and only our country is at fault.
This is not particularly our country problem, Our main quest should be why this is happening and what steps should be taken
@@rak24ron I am worried about my country and my fellow people. There is one more trend is emerging the way rich people r living India, the way corporate taxes coming down, the way less and less people r coming out to vote. Connect all these dots and see what picture emerges.
Thanks
Middle class also has the clarity towards life.. Earn money as much as you can, go higher in professional journey. . Doing business is not the only solution, dude
Tips for middle class:
1. Stop getting married
2. Stop buying liabilities like cars and personal loans.
3. Stop producing kids.
4. Stop lavish spendings.
5. Be contented.
You won't become that poorer with time.
😅🙏
Rich must stop black money . I will
Marry beautiful rich blonde
Without marriage & kids - who will take care of you when old?, plus the nation will die without kids.
@@SodiumSyndicate well. First of all producing children for taking care of your old age is utter selfishness. In a country of 140 crores creating one more child is a crime, literally.
@@SodiumSyndicateNever expect your kids to take care of you when you are old. They will not.
Thank you for acknowledging the career clarity problem in the middle class. It was an eye opener for me and many others who are early in their career.
Muje hindi me samja do kese benefit hua usko
It is 100 % true about Middle class , and each and every phrase said was a gem of its kind. Thank you Akshat for taking time to do this video. Few important points to take diversify your investments, increase multiple sources of incomes, be clear on the goal, Only spend on necessities , learn things and identify your strong areas
ᴛʜᴀɴᴋs 👆ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ☝️ ғᴏʀ ᴍᴇɴᴛᴏʀsʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs ᴡʜᴀsᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.🎉
Any one from sango life sutras?
I was finding this one comment. Yes he's copying the content.
Yes copied content
@@fartandfurious4696 its ok to copy cause issue is real and need more attention then ipl
Yes he explained the same topic
These video formats are common and the topic is endlessly discussed because people are conscious of their income.
Rich always have the upper hand, not just in India, but all over the world. This is because they know the loop-holes in the system / can hire lawyers to find them. Having said that, the real estate example, that you have given (to make money) is not that simple. First of all, 'black money' is slowly losing any advantage - everywhere, any source of money is investigated, whenever the amounts involved are high. Black money will get you into more trouble - especially in property, where amounts are huge - you will get threats from local gangsters. Also, buying / selling property is an extremely clunky process, with large bribes having to be paid in order to 'clear' large deals and very few genuine buyers. Making money with equity is far cleaner and you can dispose-off small amounts at any time (Would you be able to sell part of your flat, if you urgently need money?)
As a middle class, either I will get rich or get poor in the future. So, I am safe! 😂
make sense 😂
Can't argue with that logic
😂😂
Excellent video.. Content was almost like reading the book "RICH DAD POOR DAD".
Anyway thanks for this admiring and obviously sensible motivational video.
Problem is supply of educated individuals are much higher than demand.
Yes.. that's what happens in a Young country like India.
Well I suppose these young individuals could be employed in nation building but the case is even Phds are filling Maharashtra Constable exam form
But don't worry our demographic divident will reach its peak & I wonder what would happen when this young population would grow older.
It's not a problem, educated person knows how to earn money based on his skills, problem is graduate literate unskilled population
@mojojojo then UGC need to be blamed and ultimately government need to have a sense of responsibility. unskilled labour (what you call these guys) built burjnkhalifa, set up multiple international towns but why can't they do the same in India? It is all because Nikaami sarkar because that where difference lies.
@@RealIndian821 all of them are not unskilled, majority are unskilled. Can't blame much to modiji. Politician and public are in win win situation right now , undeserving fools are getting degrees while colleges of politicians are minting money. People should think for themselves if they don't trust their government why trust government education system, minority skilled graduates are due to them making their way up by their sheer hard work and persistence. Education is not important for indian voter so this situation won't change.
I totally agree with you. Being a middle class I always wonder where to invest, which is best which is risky and all. Most of the time tho thinking me hei chala jatha Hein seriously. Taxes bhi hame hi barna Hein. Pity on us that we don't even fall under any govt scheme. Everything is applicable only for poor people.
Very Much Agree Akshat. I am also working in a IT industry and paying heavy taxes on my salary. I wanted to make a point let's say I have done recently a furniture at my flat and for all that I have purchased the material with GST because shopkeepers these days must taking GST. So additionally I have paid extra tax , But Shop keeper will get a GST rebate on those material sales with profit . So why govt. cannot give a GST rebate on these bills on my PAN card as a individual tax-payer. Where as shop-keeper is getting double benefit ?
govt wants more shopkeepers, not white collar workers
Then why don't you become a shop keeper is it's so much better
@@Terahydron agreed. He should be a shopkeeper
Problem is ot with GST. It is paid by end user and shop- keeper should get the profit. So there is no double benefits.you should ask for or question for your direct tax /income tax. When every individual ,be it poor or middle class, is paying GST, various service taxes,road tax etc,why this high income tax is there?
India is high populous country so tax collections should be robust. ONLY IF GOVERNMENT OFFICIALS BECOME FAIR AND HAVE ZERO CARRUPTION.
Practically,there were and there will be two classes- employers and employees.
@@Terahydron 🤣🤣
If shopkeeper don't get rebate they will close there shops
Love your work. A build on the groceries not affecting Adani comment. They do, because he has to pay his workers more, but corporations can usually just pass on the added costs to their customers, so the overarching point remains valid.
This is true. I was speaking to a maid in Bangalore, she worked in 10 households, charging 8-10k per household. Her husband was a cook working in another 10 households with similar income. There family income is 1.5lac plus. Are they really lower class now, yes because they don't send their kids to the top private schools, want to live in the best city locations, or own a car. Middle class is a mentality more than a financial status. Middle class aspirations trap them into a cycle of credit & debt and eventual make them lose money in the long run.
@@Lifeangel2908 8k per month each house for 10 houses. They work hardly 1 hour per apartment everyday. Sometimes 3-4 apartments in same building, so it will save commute time. Many maids work like this, 10-12 hrs per day.
@@Lifeangel2908 I have seen many maids asking for 7-8k per month. Maybe you haven't experienced it personally.
@@Lifeangel2908 Bro, I live in mangalore. One maid was asking 4k just to work for 4 times a month every sunday. Believe me, there are maids who ask that much money nowadays.
@@Lifeangel2908 depends on location and apartment. I'm talking about a maid that does cooking and cleaning and dishes in posh apartments in Indranagar. She starts her day at 5 am and ends at 9pm. My own maid is charging 7k. And this is the minimum a maid will expect in this locality. They work 6-7 Houses in the same apartment complex so it's not hard to cover 10+ houses in a day. Also, this maid was known to be a good cook so her rates are higher. If you want a special type of cooking, etc, rates are higher.
@@Lifeangel2908 I'm not going to argue with you. Obviously I'm talking about 2 different maids, the one that works for me and another i was considering before I got my current maid. If you don't want to believe me, and stay in your middle class mentally, do so. This is my experience. And yes, rates are fixed as per the society. In posh societies, rates are high. Also these societies have a few fixed maids that work in neighbouring houses, they also live in close proximity to these societies to safe commute time . You can pay 4k +4k to 2 different maids and divide the work between cooking & cleaning. Or u can negotiate to keep 1 for 7-8k at least. Of course rates vary by City & location. I'm only stating my experience, don't believe me, I don't need to "prove" anything to you. If you want to stay in your middle class safe bubble, do so. But the reality is, the only difference between middle & working class is mentality, income difference is reduced by the day.
Salaried tax payers are the most deprived group today. Inspite of paying taxes they get no benefit from the govt.Non-salaried people get most of the privileges,in the form of subsidies.They utilise their time to do multiple businesses,and hence are becoming self sufficient and happier.
India has a wide base of young people so the future has to be positive growth. India will need to be open and develop much, much more; in that case more middle class will be there. The clue is further development, and that is a great challenge the nation faces.
Clarity is missing in middle class 😂
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been.
I need new ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
It's precisely at times like these that investors need to be on guard against the next certainty. You don't have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with different points on the shares/ETF you focus on.
I handled all my investment and I was pretty good at it, fast forward to post-pandemic and my-portfolio is steady in the red with profit rate down to the lowest, I touched-base with a coach I saw featured on business week, who changed my portfolio and over the last couple years, l've made over $850k from initially $210
Sure, the professional investment-advisor that guides me Is Frances Annette Batista and has quite a following, so it
shouldn't be a hassle to find her.
Thanks, could really use the recommendation, losing a shit-ton lately, I looked her up online and I wrote her detailing my Fin-market goals.
Excellent.I can relate what you have explained.Its absolute true.Corporate slavery coupled with automation will tease middle class in upcoming decade.
Well said 👍
The situation is going to get worse. Even in my case interest on home loan has increased from 6.4% to 9% in the last 8 to 10 months.
Wealth effect is also an issue. 5 years ago 1LPM salary was unheard of and nowadays every techie I talk to is getting at least 2. So there is a huge imbalance between non tech jobs vs tech jobs for middle class students.
Five years ago 10 years experience in IT used to get 10 lakhs now it's 30 lakhs
@@joyjitpal Inflation is also 3 times
@@avinashincredible 3 times? 300%? Did you skip education at age 5?
Inflation has increased by around 65% since 2012. A thing that used to cost 100 Rs. in 2012, now costs 165 Rs. This is not three times.
People have also become dumber in the last 10 years. Stop throwing numbers just like that.
@aditya May be you are just calculating groceries. And mind your language. I have much better financial calculations. When you calculate inflation you have to take into account everything including real estate, education etc. Well I have no intention of argument. You are free to live in assumption
Not all tech guys get 2LPM
TCS 10 years a ago. Fresher gets Rs. 30,000 Per month. They can atleast buy 10 Gm gold. Now the salary is 30-40K how much gold you can buy? Look at TCS share & dividend price growth in the last 10 years. Salary didn't grow for middle class. But a share holder wealth increased. But for students their fees doubled/tripled in last 10 years.
sir, you are indeed an inspiration. Seeing you share your experience is so helpful, really thankful to your conselling that you gained after hustling for so long. Thank you!
ᴛʜᴀɴᴋs☝️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ ғᴏʀ ᴍᴇɴᴛᴏʀsʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs ᴡʜᴀsᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ..🎉..
Must say your video presentation has improved with time.
Insight with a touch of humour make it a lovely treat.
Keep making such insightful content and helping us.
That was an incredibly informative and enlightening video. Thanks for sharing your thoughts, Akshat
ᴛʜᴀɴᴋs 👆ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ☝️ ғᴏʀ ᴍᴇɴᴛᴏʀsʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs ᴡʜᴀsᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.🎉
The cycle of poor getting into middle class , and middle class getting poor will keep going it seems
Excellent case study brother ...really true ...already we are seeing bad reflections in middleclass society being crushed ...i can certainly forsee that by 2030 this gap will increase 10x and not to mention majority of middle class sell thier assets to climb down one step to lower strata of society 👍Great analysis ..liked it ...pls make more such knowledge videos ...this will give alerts to all of our middle class to plan and park capital better and safe 🙏
I am 65 and compare my present living status with that of my parents. My father was a single earner with 6 kids and it was hell to manage 8 persons with a single salary. However thanks to KV & Govt colleges, all the siblings got their basic degrees and after initial struggle are doing extremely well as a middle class. Not only we own our own properties and other assets but have saved a lot through PF, FD, Small Savings and a bit of equity & MF. After retirement too we are 10 times better than my parents were at same stage with a smaller family and working spouse. Hence with Govt pension and DA which suffice us with our monthly expenses, our life is much happier and healthier than that of my parents. All thanks to Bank FDs, Small savings in PO, PF, Gratuity and Tax saving Housing Loans. I still think that Bank FD & Small savings + investment in PF to maximum extent possible (to save tax, as interest accrued on PF is not taxable) is the best investment apart from correct investment in a good MF (also to save Tax). Property purchasing & selling and investment in equitas is a risky job for most middle income citizens and should be avoided. This is my personal opinion.
Who earn the most among those 6 kids
How much do are you worth? At your current position (in crore/million) can you tell?
Sir, the interests are way lower now than it used to be back in 2010-12, as per the FRBM policy of the government, it is reducing its expenses like from pension and interests instruments like FDs, RDs. And this would go down to negative in real terms in coming years, though with inflation they are in negative. With current govt the saving capacity of senior people like you it is much hard to bring any benefits from saving schemes like you had.
Thanks for your advice sir😊
Do you visit foreign tourist destination every 6 months ? After 65 , this is most necessary n entertaining thing.
Man, you are the only person who highlights the problem of middle class regular Indians. ❤️
I couldn't believe I watched 16 minutes video on CZcams without feeling bore.. Very informative..
Indian middle class are getting poorer as theyre influenced a lot by new age fintech gurus into investing in things they have no clue of.. likes of cryptos thru stupid apps like vauld and into foreign markets through some banks registered in Mauritius etc
ᴛʜᴀɴᴋs 👆ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ☝️ ғᴏʀ ᴍᴇɴᴛᴏʀsʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs ᴡʜᴀsᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.🎉🎉
Eye opener and out of the box presentation. Thanks for making informative and useful videos.
Appreciate your comment
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@@isikaemmanuel16 🤣🤣🤣🤣🤣
I want to add one more point here w.r.t. lower class vs middle class. People of lower class are not ashamed to do any jobs that come their way where they can earn money but middle class has the problem of bringing status to the work they fo and feel ashamed to work even which brings a lot of money in less efforts. Eg. Panipuri seller.
Interesting perspective but Middle Class is the Mind & Muscle, they have the ability to create value, wealth & well-being that today Businesses are aggregating to become rich. The next generation of street smart, skilled, talented kids will create a vibrant new ecosystem that will empower a whole new way of living!
2075 - everyone on foot... good - the health graph 📈 will go up... walking is always good...😊😊😊
Ur honest and bold vidios are life support to the salary class
Sirf video dekhne se kuch ni hoga executive krna padega
Hi Akshat, Hope you are doing well.
Today you talked about the fact of the middle class (lower and average). In (ground level) practical.
I appreciate your efforts on this.
👍
@Akshat S ㊉①⑥①⑨⑦③⑥⓪⑧⑦③ ja na laude
The biggest reason of this is mindset middle class always think that a fixed salary is enough for them and they don't believe in taking risks
Almost half of middle class problems can be avoided by not marrying early without having a stable job , currently the average age of marriage for Indian men is 21 so how can they become financially good with decisions like this.
Hat's off to you, akshat what a great point. Middle class are left out in this country 🙌
I completely agree with you, the amount of tax we pay we won't get anything in return.
Lmao can't get more delusional than this
This video is like a guide book worth saving. Every point made is so true.
ᴛʜᴀɴᴋꜱ ❤️Ŧᴏʀ ᴡᴀᴛᴄʜɪɴɢ👍
ꜱᴇɴᴅ ᴀ ᴍᴇꜱꜱᴀɢᴇ ᴏɴ✍️
ᴡʜᴀᴛꜱᴀᴘᴘ✙𝟏𝟖𝟒𝟕𝟖𝟎𝟐𝟗𝟕𝟑𝟖
Wow. This video opened my eyes. What I feel is as Akshat Shrivatsava said "middle class people have aspiration problem as well as more confusion in what and where to invest." Middle class people have slavery mindset i. e, they only want job. They don't want to do business or they don't want themselves to involve in entrepreneurship. But when it comes rich and poor, they don't have slavery mindset. Rich people will definitely have lots of business, make good invest and save their money. Poor people they atleast start(not all) very very small scale business like keeping small petty shops etc., and they decide to earn more through that by hardworking.
Thank you Akshat for making this wonderful video and giving awareness to people. Hope middle class people open their eyes after watching this video.
Perfect analysis of middle class. Must watch for those who are in college or just started job
1. Govt must work on reducing Indirect taxes on goods & services which dries up the middle class money. Middle class cannot save unless it is done. 2. Govt must increase 80C limit from 1.5 Lac to max amount possible so that middle class will get benefited and encourages to do investment as well.
Then people ask why Indians are leaving India!
ᴛʜᴀɴᴋs☝️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ ғᴏʀ ᴍᴇɴᴛᴏʀsʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs ᴡʜᴀsᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ..🎉..
Very well said. It's going to go worse. No hope on this government
I gave up getting married and just feel fulfilling my responsibilities towards my parents itself has become a big deal for me. I am not even sure what class I am anymore. Only good thing is I am optimistic and keep trying to find ways to improve my situation, but so far, I failed and failed.
I feel u bro..
I am pretty sure your parents won't agree with your descision
If you are yet to decide on your class... I am sure you in the Middle class 😂
Mei bhi 4 saal se confused hu ki mei kis class mei hu😁
Situation is already worse , and middle class is flying out of the country at accelerated pace .
The problem with indian middle class is we focus on useless private degrees , thinking of investing as gambling and saying that you will only lose money so don't invest , don't doing any buisness and saying ki we can't do this , they will happily work as employe at 10k per month than a delivery guy or cab driver which may make more money than them saying ki so called respect kam hojayegi .
"HR ke muhh pe LAPTOP"
Seriously such humor jokes in between makes your video much entertaining and fun to watch !
Appreciate your comment
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What I find extremely unfair is that we use equity investment for long term wealth gain but we only have INR 1L exemption and rest of the profits are subjected to 10% LTCG. Now we can harvest tax every year and generating 1L profit on a 50k portfolio may be difficult but what if the portfolio size is larger? Getting a 1L profit will be much easier on 10L portfolio. 1L exemption is just not enough esspecially without any indexation benefits. Sure section 54 helps with getting LTCG exemption if you buy a home but what about kids education or regular living expenses? For the government we are the safest and guaranteed way of collecting taxes and yet we are getting screwed so subtly that we dont even realize the full extent of it
If you mean invest 10 L on just equity, big big risk. You never know the market.
@@julies5085 you didn't get my point. I am not talking about asset allocation here. I am talking about the size of the equity portfolio and tax harvesting. And if you tell me that you won't have even 10lac in equities then i am afraid a lot of goals will not be met on time unless you have a very high income and very high savings too. You might shift the money into safer instruments for capital protection as you come closer to your goal completion but that's a different thing
It isn't clear what you mean. 100% returns on 50k portfolio yo get 1L profit, why did you even mention an out of the world scenario like this , i could not get it. If only were rules and policies were made so that people invest and become rich then all of us would be happy. No ordinary middle class person will have the capacity to invest 10L in equity alone, surely not me after being salaried earner for 5 yrs. Probably after another 12 years I might which will be aggretated amount and interest invested all the years till then. Or did I miss some point you tried to make?
Extremely will said. Fucking tax on everything
There is this man who has some strange ideas and doesn't want to send his children to school. Honestly, I really don't want his videos showing up in my recommendations at all.
If every middle class watch your video and everyone becomes rich then what will be the value of the money everyone has in their hands???
I need to listen this today.. Thanks Mr. Akshat
Very useful video. Everyone should go through it. It is a contrariant view point against the views that middle class population will be richer gradually in future.
For all the middle class people the classic dialogue from Top Gun should be applicable, "Your ego is writing cheques that your body cannot cash". Don't let it happen guys and girls.
Focus on what you can build
Learn to sell - offer value and sell your products/ skills
Learn scalability - how to scale businesses
Invest like rich in different assets
Learn to take risks - take small steps and develop risk taking appetite
Thank you Akshat for your excellent presentation of this video, especially the SMOOTH FLOW of exact English words for the listeners.I fully agree 100% with your views.This Modi govt is simply NEGLECTING this class because they are not their vote bank.Middle class people make too much stress on the education of their wards,even by taking loans & they in turn pull up their families to higher status by going abroad in search of better jobs.Another trend I could see in society is to REMAIN SINGLE OR IF MARRIED DON'T HAVE CHILDREN OR HAVE LIVING- IN RELATIONSHIPS.This is mainly due to economic reasons & going forward,the population is either going to shrink or remain stastic.😊
You have spoken some hard truths! Love your videos, they are very insightful. Can you please make a video on how people abroad can invest in India with good returns.
He has given hint across asset class consisting equity, MF, real estate etc avoiding one single class
Thanks a ton Akshat!!! you should be national speaker for all the unnamed hard working middle class 👏
Awesome point man ! I am always telling the same thing to my family and friends.. saving money is the lesser problem than earning more money
😂 I lost it when the confused lady meme showed up. Yes, I am so confused when it comes to career. Your videos are helping me a lot.. thank you
Akshat, bro it was thoughtful you putting your own picture to portray poor and poorer in the promo 😅
Big Fan of your research and appreciate the efforts you put in each and every video...😎👌
It resonates your sincerity and honesty towards work..
Thank-you 🙏
16:31 That Gardner from background heard everything... he would have made some intelligent investment already.
ᴛʜᴀɴᴋs☝️ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ ғᴏʀ ᴍᴇɴᴛᴏʀsʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs ᴡʜᴀsᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ..🎉..
You are absolutely correct.
I knew things were not ok for the middle class employees.
Thanks for showing me the reason.
Buy a property at 31 cr in 2015 and selling it in 50 cr in 2022 doesn't make you a real estate genius. It is merely 7.25% CAGR plus lot of transaction costs available in real estate. A simple index fund like Nifty BEES has given much bigger returns than it with hardly any cost. Index fund given 12%/ CAGR in last 10 years.
ᴛʜᴀɴᴋs 👆ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ☝️ ғᴏʀ ᴍᴇɴᴛᴏʀsʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs ᴡʜᴀsᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.🎉🎉
Well explained about shrinking middle class theory. Appreciated 👍
Gg
Super Informative Speechs delivered #AKshat Sir.Thanks a lot for growing us and valuable tricks you shared.I don't only learn your financial advice,I do also learn how to talk as you speak with lots of clearity.
I have seen a lot of your videos, you have a great grasp of finances. But your perception of social reality is mind-boggling. Your ordinary "middle class" are those having lakhs of income, own house, cars and leftover money to "try and play with investments". And your advice and recommendations all fit to those who have 50+lakhs annual income.
This video clearly represented my state of mind. Everything I think about currently has been put into words.
Hey Akshat it is really a eye opening video to every one who falls under the category which you have mentioned. The jist of your videos are really helpful to so many aspirants who really want to do something useful
Dear Akshat Sir, thanks a lot for providing an outstandingly different perspective to this problem of middle class.
Wonderful video. Looking forward to learn more such nuggets of wisdom from you.
We being middle class is victimize by government. It is not clear why govt. does not allow indexation benefit for long term fixed deposits !
Your comments on TDS on middle class is absolutely true & pinching us every day. Also Energy price inflation is something the govt controls, be or fossil fuels or upcoming green energy, prices will be dictated by Big companies & govt will add & increase taxes based on deficit
Can't thank you enough for this 😊
The one and the only way that Indian middle class improves is that India becomes a manufacturing hub which we are not like the way China is. Manufacturing will bring in better paying jobs and overall economic situation of the middle class will prove. But the sad fact is we are not.
ᴛʜᴀɴᴋs 👆ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ☝️ ғᴏʀ ᴍᴇɴᴛᴏʀsʜɪᴘ, ɪɴғᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ɢᴜɪᴅᴀɴᴄᴇs ᴡʜᴀsᴀᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ.🎉
Simple beautiful intelligent speaking looking and informative presentation.
When I discuss such things with people... people say you are mad...but love you man...same blood you and me
Excellent and relevant points explained in a simple but hard hitting manner. Thank you
Indexation refers to adjusting a financial value for inflation. In the context of taxes, indexation is used to adjust the cost base of an asset (such as property or securities) for inflation. This helps to reduce the capital gains tax (CGT) liability when the asset is sold.
For example, if an asset was purchased for $100 and sold for $150, and inflation was 2% per year, the indexed cost base would be $110. So the capital gain would be $40 ($150 - $110) rather than $50 ($150 - $100).
wow, I am out from insta recently, its been 3 months and hope this continues... and very nice video, appreciate your work of knowledge sharing....
Sacrosanct meaning- when something is too important or sacred to get involved with.