Most people think of investing and financial planning as something that is only for the wealthy. This could not be further from the truth!
In fact, anyone can learn how to invest their money and plan for their financial future. Akshat Shrivastava is an Indian financial planner who has helped people from all walks of life achieve their investment goals. He may be deemed as an Indian financial guru, who has been sharing his knowledge regarding finance, banking and various investment opportunities through his Youtube channel.
More about his Youtube Channel
Having joined in 2020, in less than 2 years, Akshat Shrivastava has managed to obtain a following of more than 1 M subscribers on his Youtube channel.
One of his recent videos which has managed to capture a lot of Indians revolve around investment during the 2022 recession. The recession for this year is right upon us. And in this tough time, a lot of people have speculated on whether to invest more, or exit the stock market.
His video talks about the same doubt of people, helping them come to a conclusive decision efficiently. You can also watch that video here:
Through his Youtube channel, Akshat has been sharing his knowledge with a lot of citizens worldwide. Be it an Indian or a non Indian, his videos have managed to make everyone aware of the investment strategies and stock market.
Fixed Deposits vs Stock Market
If you have every worried about financial planning, then stock market is definitely a forward way for you. Akshat Shrivastava has always been a hater of Fixed Deposits, as claimed by PopularBeings.com as well. Even though FDs have been a savior of almost every Indian so far, the argument stated by Akshat against these FDs truly make sense.
If we talk in numbers, as of today, FDs give a return of 6%. And the inflation rate of India is stated as 8%. That is a clear evidence of monetary loss if you are investing in an FD.
On the contrary, the Sensex and NIFTY stocks have always been proven to give a return of 12-15% over the period of 5 years.
Akshat Shrivastava stresses on the same fact and always emphasizes on investment in good stocks rather than the Fixed Deposits.
Tips on How to Get Started
Here are some tips shared by Akshat Shrivastava, on how you can get started with investing and financial planning.
Investing and financial planning are not as difficult as they may seem. The first step is to educate yourself on the subject. You can do this by reading books, taking courses, or speaking with a financial planner. Once you have a basic understanding of investing and financial planning, you can start to develop a plan for your own finances.
Start by setting some goals. Do you want to retire early? Save up for a down payment on a house? Build up your emergency fund? Whatever your goals may be, make sure that you have specific targets in mind. This will help you stay on track as you work towards achieving them.
Next, you need to figure out how much money you need to save each month in order to reach your goals. This will require some basic math, but there are also many online calculators that can help you with this step. Once you know how much you need to save, set up a budget and make sure that you stick to it!
Last but not least, invest your money wisely. This is where a financial planner can really come in handy. They can help you choose the right investments for your goals and risk tolerance. Remember, though, that investing involves risk. So don’t put all of your eggs in one basket! Diversify your portfolio to reduce the amount of risk you’re taking on.
Following these steps by Akshat, you’ll be well on your way to achieving financial success!
