Akshat Shrivastava (@akshat_world) 's Twitter Profile
Akshat Shrivastava

@akshat_world

Finance, Minimalism, Freedom

ID: 1315735242250973186

linkhttp://www.wisdomhatch.com calendar_today12-10-2020 19:25:08

5,5K Tweet

404,404K Followers

260 Following

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When you are a kid, you are bound by your parent's dreams. When you become an adult, you are bound by other's responsibilities. You get up. You work. You earn. So that, you feel more in control. If you win, you smile. If you lose, you cry. Irrespective: your burdens

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Investing is no different from swimming. To learn swimming you NEED to jump in the pool. To learn investing you NEED to jump into investing. Will you make mistakes? yes Will you lose money? yes Will you improve as an investor? yes But, if you assume the worst case: "Oh

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Investing in PPF/PF is not really retirement planning anymore. When you make 8-8.5% on a 10-15 year basis in India---such returns will not help you retire. You need to understand the concept of segmental inflation While the government tells you the inflation in the economy

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The middle class does everything right:- 1) Pays their taxes on time. 2) Obey the laws. 3) Bear the brunt of reservations in the name of social justice. 4) Keeps their head down and works overtime. 5) Takes no social benefits. In return they get: 1) Screwed over by the

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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 22Mn millionaires (25X that of India). - China has 6Mn millionaires (7X that of India). - India has

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Girls worry about: Meghan Markle and Prince Harry's breakup. Boys worry about: Musk and Trump's break up. [It is a joke, take it easy 😅]

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Here is the Equity Portfolio I built publicly around 5 months back. I made close to 1.25 Crores in profits with a capital of around 8Cr. And, pay 0% capital gains: (short-term or long-term) Years of hard work has gone into getting to this point. Before, you get excited to

Here is the Equity Portfolio I built publicly around 5 months back. I made close to 1.25 Crores in profits with a capital of around 8Cr. And, pay 0% capital gains: (short-term or long-term) 

Years of hard work has gone into getting to this point. 

Before, you get excited to
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I pay 0% capital gains tax. Many people got pissed with this: How can you not pay taxes?? So here is my plan... Okay, listen:- 1) I was tired of paying my taxes to freeloaders. 2) But, I still want to support my nation 3) So how do I find a balance? Simple:- I decide where

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Option 1: You are not accounting for the cost of inefficiency. Every time the government decides to give a free mixer grinder, they are destroying wealth. How? because to pay for that mixer grinder, they have to tax a competent person more. Or devalue their savings by

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You're a CA. I can send you my portfolio, you can audit. If the numbers add up, it is not a scam. Up for a challenge?😅 If you lose, we will make that public as well. Just say yes. Don't back out. And, prove this is a scam.

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Imagine that your 2BHK flat is worth 1Cr. The next year, its value falls to 90L. How would you feel? I guess pretty bad, right? What if I tell you: this is actually happening; without you even taking a note of this. One key way this happens is called "devaluation of your

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If that makes sense then why not. World is big enough. Better option: - When you are in your earning phase of your life: live in a low "operating income tax" destination. Save tax. - When your family is growing: go to locations where your kids get the best environment & growth

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No one is asking: why these people got so much loans to begin with. And, with whose money? People are busy picking sides between Mallya or Ambani. Like idiots: most people miss the core point. Because they don't want to educate themselves: how finance actually works.

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(1) You study from 5-21 years. Make 0 money, pay 0 taxes. You build skills, which you would eventually monetize. You take all the risks. And, your parents make all the investments in you. (2) You work from 21-50. These are your golden years. This is where your operating

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When you see local politicians traveling with a platoon of 25 cars that's a waste of taxpayers money. When you see 100s of crores being spent on reconstructing new Ministry buildings (when people are getting crushed traveling in local trains). When you see "Governors" living