Latest news with #Akshat
Economic Times
13 hours ago
- Business
- Economic Times
Akshat Shrivastava once earned Rs 10,000 per month. Now saves 95% of his income, thanks to one rule
Akshat Shrivastava, a financial advisor, saves 95% of his income by avoiding lifestyle inflation. Starting with modest savings from a small salary, he scaled up his investments after landing a corporate job. His key principle is to only buy something if he can afford it twice, emphasizing financial discipline and smart investment choices. Tired of too many ads? Remove Ads His golden rule? Tired of too many ads? Remove Ads Who is Akshat Shrivastava? ( Originally published on Jun 18, 2025 ) In a world obsessed with lavish lifestyles and social media-fueled spending, Akshat Shrivastava 's financial journey stands out as a refreshing example of restraint, strategy, and smart decision-making. The financial advisor and popular content creator recently shared a breakdown of his money journey on LinkedIn—and the takeaway is powerful: he now saves a whopping 95% of his annual income, thanks to one simple mindset began his career earning just Rs 10,000 a month. Living with his parents, using a second-hand phone, and eating home-cooked meals, he still managed to save Rs 1,000–2,000 monthly. No debt, no unnecessary expenses—just small, consistent savings that reflected strong discipline from the start.A few years later, after landing a corporate job with an annual package of Rs 50 lakh, his saving habits scaled up too. He continued living debt-free, saving at least Rs 20 lakh per year, and channelled most of it into high-growth investments. Over time, those investments started generating income of their own, leading him towards financial independence far earlier than even with family responsibilities, global travel, and living in an expensive city, Akshat claims his savings rate still sits at 95%. The secret? Never letting lifestyle inflation outpace income. He emphasised one golden rule that's guided him for years: 'Don't buy something once unless you can afford to buy it twice.' Unless it's an investment in upskilling, he says, this mindset is were quick to praise his discipline and perspective. While many agreed that saving 20–30% of one's income is a good benchmark, they also pointed out the harsh reality of India's average salary and stagnant growth rates. Others admired the power of early financial discipline and echoed their own struggles to avoid debt traps and impulse post didn't just go viral—it struck a nerve with a generation trying to balance aspirations with affordability. Many were curious to know more, especially about his very first Shrivastava, an INSEAD alumnus, is an investor and entrepreneur. He has built multiple businesses and has over 15 years of experience in asset management. As an educator, he has taught GMAT, GRE, business strategy, and consulting. Now, he is a full-time investor managing his own fund.
Time of India
2 days ago
- Business
- Time of India
Akshat Shrivastava once earned Rs 10,000 per month. Now saves 95% of his income, thanks to one rule
In a world obsessed with lavish lifestyles and social media-fueled spending, Akshat Shrivastava 's financial journey stands out as a refreshing example of restraint, strategy, and smart decision-making. The financial advisor and popular content creator recently shared a breakdown of his money journey on LinkedIn—and the takeaway is powerful: he now saves a whopping 95% of his annual income, thanks to one simple mindset shift. Akshat began his career earning just Rs 10,000 a month. Living with his parents, using a second-hand phone, and eating home-cooked meals, he still managed to save Rs 1,000–2,000 monthly. No debt, no unnecessary expenses—just small, consistent savings that reflected strong discipline from the start. A few years later, after landing a corporate job with an annual package of ₹50 lakh, his saving habits scaled up too. He continued living debt-free, saving at least Rs 20 lakh per year, and channelled most of it into high-growth investments. Over time, those investments started generating income of their own—leading him towards financial independence far earlier than most. His golden rule? Today, even with family responsibilities, global travel, and living in an expensive city, Akshat claims his savings rate still sits at 95%. The secret? Never letting lifestyle inflation outpace income. He emphasised one golden rule that's guided him for years: 'Don't buy something once unless you can afford to buy it twice.' Unless it's an investment in upskilling, he says, this mindset is non-negotiable. Netizens were quick to praise his discipline and perspective. While many agreed that saving 20–30% of one's income is a good benchmark, they also pointed out the harsh reality of India's average salary and stagnant growth rates. Others admired the power of early financial discipline and echoed their own struggles to avoid debt traps and impulse spending. His post didn't just go viral—it struck a nerve with a generation trying to balance aspirations with affordability. Many were curious to know more, especially about his very first investment.
News18
7 days ago
- General
- News18
Ayodhya Family Prays For MBBS Student Injured As Air India Flight Crashed Into Hostel Mess
Last Updated: Akshat suffered serious injuries to his hands, legs, and head while dining in the mess when the plane crash turned his day into a nightmare An Air India flight en route to London crashed minutes after takeoff from Ahmedabad on Thursday, killing 241 people on board and claiming several lives on the ground. The aircraft struck the hostel mess of BJ Medical College, where dozens of young doctors and medical students were present. Among the injured was Akshat, a first-year MBBS student, who suffered severe injuries to his hands, legs, and head. He was inside the mess when the plane hit, turning an ordinary day into a nightmare. The crash not only devastated families of the passengers but also shook the city's medical community. Akshat, a resident of Ayodhya, was dining with his friends when the plane crashed into the building. His father, Rajesh Jaiswal, and other family members have since travelled to Ahmedabad upon receiving the news. Pankaj Tiwari, a neighbour of Akshat's family in Ayodhya, said, 'Akshat is studying medicine in Ahmedabad. Yesterday's tragic plane crash left him seriously injured. We are praying to God for his speedy recovery. Thankfully, he is safe for now. The family is well-off. Rajesh Jaiswal has two sons—Akshat is the younger one and has always excelled in studies." Local resident Sanju Tiwari echoed the sentiment, saying, 'Akshat has been brilliant since childhood. He was always good in studies, which is why he got into an MBBS programme in Ahmedabad. It's unfortunate that he was injured in the crash. We are all praying for his recovery. His father is a lawyer, his mother a teacher, and he has a younger brother. The family has already left for Ahmedabad." Air India Flight AI-171, a Boeing 737 Dreamliner, crashed shortly after takeoff from Ahmedabad's Sardar Vallabhbhai Patel International Airport, plunging into the densely populated Horse Camp area near Civil Hospital. The crash triggered a massive rescue effort as firefighters and emergency personnel rushed to contain the blaze and locate survivors in the charred debris. Authorities have since collected over 200 DNA samples to assist in identifying the victims. So far, five bodies have been handed over to grieving families after post-mortem formalities. Investigators are examining several possible causes of the crash, with inquiries spanning technical malfunctions, maintenance history, and flight data analysis. The initial probe report of the crash, accessed by CNN-News18, rules out a bird strike, overloading, and pilot error. No bird carcasses were found, the flight had empty seats with normal load distribution, and a dual engine failure is considered highly unlikely, according to the DGCA-led assessment. First Published: June 13, 2025, 17:12 IST
News18
06-06-2025
- Business
- News18
Financial Expert Cites Data On India Creating ‘More Billionaires'. Here's Why Netizens Are Worried
Last Updated: Reacting to the post, a user noted that India appears to be skipping the middle-class wealth-building phase, unlike most developed economies. India is rapidly evolving, especially in the world of business. With a surge in entrepreneurship, more people are starting their own ventures and building wealth. Recently, Akshat Shrivastava, YouTuber and founder of Wisdom Hatch, shared some compelling insights on India's growing economic landscape. According to him, while India still has fewer billionaires and millionaires compared to global giants like the US and China, the pace at which new billionaires are emerging paints a promising picture. It reflects the expanding business opportunities and the dynamic nature of India's startup and investment ecosystem. 'India has roughly 250 billionaires, just half that of China (which has roughly 520 billionaires). But, the data is very interesting for millionaires (in USD): The US has 22 million millionaires (25X that of India), China has 6 million millionaires (7X that of India), India has 850K millionaires," Akshat wrote on X (formerly Twitter). He pointed out that billionaires are being created faster than millionaires in India. 'One could become a millionaire from a job. But, it is unlikely that one would become a billionaire from a job. India is a land of business opportunities, not necessarily job opportunities," he wrote. Take a look at his post here: Akshat's post quickly gained traction online, sparking a flurry of reactions from social media users. A user commented, 'India is a land of big opportunities. People are mostly focused on jobs that too low-paying. Start-ups and many a businesses get started to take Govt subsidies and cheap loans that seldom get repaid. For others, long-term vision, no handwork, no research and ultimately they fail." Another said, 'Fair, but India is still early in its wealth cycle. A decade ago, we had around 200K millionaires, today it's 850K. Much of the new wealth is tied up in unlisted startups, family businesses, and real estate, which global data often misses. Also, it doesn't make sense to compare India with the US or China, very different timelines, markets, and maturity levels." 'It probably has a lot to do with the growing startup culture, with companies becoming unicorns quickly — and also failing just as fast," a person shared. An individual said, 'India doesn't lack ambition. It lacks systems that scale ambition. Until startups > Sarkari (government) jobs in mindset and money, this gap will stay." Another comment read, 'That's a telling stat, India's billionaire boom is outpacing its millionaire growth, and that says a lot about the nature of wealth creation here. Jobs might get you comfort, but businesses are what bend the curve." The World Wealth Report 2025 by Capgemini Research Institute noted that India added over 33,000 new millionaires in just one year. The number of High-Net-Worth Individuals (HNWIs) in India grew by 5.6 per cent, reaching 378,810, which is up from around 345,000 in 2023. First Published: June 06, 2025, 15:12 IST
News18
06-06-2025
- Business
- News18
Financial Expert Calls India A Land Of Business Opportunities
Last Updated: Akshat Shrivastava shared some interesting facts about how wealth is growing in India compared to other countries. India is rapidly evolving, especially in the world of business. With a surge in entrepreneurship, more people are starting their own ventures and building wealth. Recently, Akshat Shrivastava, YouTuber and founder of Wisdom Hatch, shared some compelling insights on India's growing economic landscape. According to him, while India still has fewer billionaires and millionaires compared to global giants like the US and China, the pace at which new billionaires are emerging paints a promising picture. It reflects the expanding business opportunities and the dynamic nature of India's startup and investment ecosystem. 'India has roughly 250 billionaires, just half that of China (which has roughly 520 billionaires). But, the data is very interesting for millionaires (in USD): The US has 22 million millionaires (25X that of India), China has 6 million millionaires (7X that of India), India has 850K millionaires," Akshat wrote on X (formerly Twitter). He pointed out that billionaires are being created faster than millionaires in India. 'One could become a millionaire from a job. But, it is unlikely that one would become a billionaire from a job. India is a land of business opportunities, not necessarily job opportunities," he wrote. Take a look at his post here: A user commented, 'India is a land of big opportunities. People are mostly focused on jobs that too low-paying. Start-ups and many a businesses get started to take Govt subsidies and cheap loans that seldom get repaid. For others, long-term vision, no handwork, no research and ultimately they fail." Another said, 'Fair, but India is still early in its wealth cycle. A decade ago, we had around 200K millionaires, today it's 850K. Much of the new wealth is tied up in unlisted startups, family businesses, and real estate, which global data often misses. Also, it doesn't make sense to compare India with the US or China, very different timelines, markets, and maturity levels." 'It probably has a lot to do with the growing startup culture, with companies becoming unicorns quickly — and also failing just as fast," a person shared. An individual said, 'India doesn't lack ambition. It lacks systems that scale ambition. Until startups > Sarkari (government) jobs in mindset and money, this gap will stay." Another comment read, 'That's a telling stat, India's billionaire boom is outpacing its millionaire growth, and that says a lot about the nature of wealth creation here. Jobs might get you comfort, but businesses are what bend the curve." The World Wealth Report 2025 by Capgemini Research Institute noted that India added over 33,000 new millionaires in just one year. The number of High-Net-Worth Individuals (HNWIs) in India grew by 5.6 per cent, reaching 378,810, which is up from around 345,000 in 2023. First Published:
