Akshat Shrivastava Profile
Akshat Shrivastava

@Akshat_World

342,603
Followers
194
Following
838
Media
4,549
Statuses

Finance, Minimalism, Freedom

Goa
Joined October 2020
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@Akshat_World
Akshat Shrivastava
2 years
Entry level Salary offered by IT firms in 2003-04: around 2.5-3Lakhs. Entry level Salary in 2022: around 3-3.5Lakhs. Inflation every year around 5-6%. So a salary of 2.5Lakhs should have been around 6.5-7 Lakhs now. Pay people better, they won't moonlight or leave.
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Akshat Shrivastava
2 years
[1] Desert safari in Dubai is more expensive and less beautiful than in Jaisalmer. [2] Beaches in Goa are much better than beaches in Bali. Food is better too. [3] Some places in Manali can give a tough fight to Switzerland. I wish we developed our tourism industry more.
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Akshat Shrivastava
1 year
In 2016, Jio phone bill used to cost 0. And, people celebrated. Over the years, Jio kept increasing prices (40% hike in 2019, 21% hike last year). And, now people pay A LOT on phone bills. Still think monopolies are good? Jio story will repeat. Guess where?
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Akshat Shrivastava
2 months
If your income is 1 Crore, you will roughly pay 40%+ tax in India. (Plus indirect taxes) Next year ---let's say-- you lose your job. And your income goes to 0. You will get 0 benefits. Let me clarify the context: - You won't send your kids to government schools. - You…
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Akshat Shrivastava
1 year
Congress won Karnataka by promising 5 things: [1] GRUHA JYOTHI: 200 units of free electricity per month to every household. [2] GRUHA LAKSHMI SCHEME: ₹2,000/month to every woman head of household. [3] UCHITA PRAYANA: Free bus travel for all women across the state of…
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Akshat Shrivastava
1 year
IIT Kanpur mai 4 logon ka 4 Cr ka package lag gaya. Congrats to them. And, condolences to their neighbours 😂
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Akshat Shrivastava
1 year
If Adani stocks keep falling at the same rate, the owner of Hindenburg will become the 3rd richest person in the world.
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Akshat Shrivastava
1 year
India has a 70,000Km Railway network. To bring it under Kavach, the total outlay required is close to 1Lakh crore. Total expenses done so far have been around 450Cr. Three things: [1] Over-marketing is always bad. The way it was done for Kavach. [2] Media should have…
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Akshat Shrivastava
2 years
After a 17.5% retail inflation in Sri Lanka, the gas cylinder there NOW costs 4500 Sri Lankan Rupees (or roughly 1200 INR). In India, we are almost already there, even without a 17.5% inflation 🧐
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Akshat Shrivastava
11 months
Doing half baked research. And, hurling baseless accusations has become a fashion. I had already released a video on 16th May on my YouTube channel, where I had talked about the Freebie culture in context of Karnataka elections. The video is still there- you can go & check.…
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Akshat Shrivastava
1 year
People advice me to go to Dubai to save taxes. I give 0 F*ucks. My grandparents, parents, son-- all born in India. It took generations of kindness, help from neighbours/ community to create a live I have today. Just because I'm in a position to leave, doesn't mean I should.
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Akshat Shrivastava
5 months
Due to India's increasing debt, you will pay higher taxes. 2014: 54 lakh crore 2023: 205 lakh crore People are doing politics around this data. But, here are critical facts you should know:-
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Akshat Shrivastava
1 year
Before 2020: it used to cost 350-400Rs/person to eat out (decent restaurant, Delhi). Now, it is easily 650-700Rs. Almost 100% inflation. Eggs, dairy, vegetables, fruits (depending on your city) would have around 40-70% inflation. Yet official inflation stays at 7-8%
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Akshat Shrivastava
2 years
- Almost all Rich Indian Politician's sons/daughters study abroad. - Unless their own kids become politicians/run business in India, they work abroad. - They go for any complicated medical treatment abroad. But they sell the dream: India is best and needs no improvement.
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Akshat Shrivastava
2 years
I met an American in Goa. I asked: are you travelling? He said no. I am settled here. I asked why? Well, because I can live a 5X better life here than in America, paying half the price. This blew my mind! [A thread...]
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Akshat Shrivastava
5 months
If you die at work, you will be replaced within a day (max a week). Only people who will remotely miss you would be your family. Rest don't give a shit. Work 100 hours a week, if it helps your family. But, you would have to be colossally stupid if you work 70 hours/week…
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Akshat Shrivastava
8 months
I lived in Singapore for a few years. Every time, I would board a metro, I would see literally 95% glued to their phones. This was back in 2014. Over the next few years, I saw the same thing happening in India as well. Board a metro now-- and you would see almost 90-95%…
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Akshat Shrivastava
26 days
Many average students in India end up becoming college professors. In private colleges, they are called "Assistant Professors". Along with teaching: they prepare for UPSC/GMAT/CAT. So that one day they can better their career prospects. In short, they don't really want to…
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Akshat Shrivastava
2 years
I don't mean to be insensitive, but people should really read the history of the British Crown. For context: The Crown drained nearly $45 trillion from India (this is 16 times the GDP of UK today). Just because TV series are being made, kindly do not forget the truth.
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Akshat Shrivastava
2 years
Banning private coaching would instantly solve the artificially induced stress that kids go through. They don't need to study 12 hours to compete for exams that does not even guarantee a job. And, takes the childhood away. China banned it, India can too.
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Akshat Shrivastava
2 months
Switzerland is a rich country. That DOES NOT build massive statues or big airports to attract tourists. Doing that would be highly inefficient in Switzerland because: the cost of construction would be very high (given Switzerland's topography). The RETURNS made from tourists…
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Akshat Shrivastava
15 days
This was epic 😂
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Akshat Shrivastava
2 years
Adani's total debt is 2.21Lakh Crore (up 40% within a year). If the business goes big, great. If the business flops, banks would suffer. And by banks I mean, you know who.
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Akshat Shrivastava
2 months
Whatsapp has successfully killed the thinking ability of many 55+ year olds (Whatsapp university). Instagram has successfully killed the thinking ability of 25 year olds < One could argue that Meta is the most genius (yet evil) business in the world.
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Akshat Shrivastava
1 year
IPL is exempted from paying any taxes (0 taxes!) Reason: promotes cricket. Meanwhile, common people: 14% electricity price rise last year. More expected. But, still watch IPL. They also promote cricket. Unhone kya paap karein hai 😅
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Akshat Shrivastava
2 years
The value of 1 Crore: (assume 7% inflation) - 10 years from now= 50Lakhs. - 15 years from now= 36Lakhs. - 20 years from now= 25Lakhs. Therefore, you should F.I.R.E [A Thread..]
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Akshat Shrivastava
1 year
Adani Group calls off the FPO. China had the Evergrande Crisis, and we NOW have a full blown Adani crisis. Here are some critical points you should know now: A THREAD...
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Akshat Shrivastava
1 year
First we pay 28% tax on a car (non-luxury, small). Then we pay 70% fuel tax to drive that car. Then we pay road tax to build roads. Then we pay toll tax to use highways. Welcome to the world of high taxes. [A thread...]
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Akshat Shrivastava
1 year
Okay, so let me get this right: 1) You pay tax so that roads get built. 2) Pay another tax on the car. 3) Then another tax so that you can use a toll. 4) Then another tax to maintain the road. 5) Then another tax to park your car near that road.
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Akshat Shrivastava
3 months
INR 2,870Cr is being spent on building Goa's Moppa Airport. You might say that it would increase the tourism massively. Because a better 'facility' has been built. But, you might be wrong. See folks, in India people don't like to get into the details of things. For example:-…
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Akshat Shrivastava
2 months
All I see on Twitter: 1) Religious fights 2) Veg vs Non-Veg fights 3) Government vs non-govt YouTuber fights
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Akshat Shrivastava
11 months
The value of 1 Crore, after: - 10 years from now= 50Lakhs. - 15 years from now= 36Lakhs. - 20 years from now= 25Lakhs. (Assume: 7% inflation) Mutual Funds show you the opposite picture: invest 10K/month for 20 years. And, you will get 1Cr. But, do understand the true value of…
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Akshat Shrivastava
6 months
Rich people: "People should stay in India. So many opportunities here" People: Where are your kids? Rich people: 👀 😬
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Akshat Shrivastava
2 years
Just before COVID, I visited Chennai. I was blow away by the fact that a decent coffee (at a good Cafe) was just INR 15. The same coffee would easily cost INR 150 in Delhi. South Indian cities are much more inexpensive than North Indian cities. And, I can't understand why.
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Akshat Shrivastava
2 years
One of the biggest investors in India sold his entire Steel stock holding, a week before 15% export duty was announced on Steel. Efficient market hypothesis doesn't work :)
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Akshat Shrivastava
1 month
Today is my birthday. And, if I have to sum up 1 key message that I have learnt in my career: Work hard. Make you and your family proud. If you lose your job tomorrow, NO ONE will help you:- [1] Your relatives. [2] Your friends. [3] And, DEFINITELY NOT the political…
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Akshat Shrivastava
1 month
What 1 Crore gets you? [1] You can't buy a house in Mumbai, Delhi, Gurugram (at least not a liveable one for a family) * You could look at something at the outskirts (maybe). And commute for hours. [2] You can't send your kids abroad for studying at most MBA programs abroad…
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Akshat Shrivastava
5 months
2024: 85 INR for 1 USD 2008: 43 INR for 1 USD Forget the middle class, even the upper middle class can't afford to study abroad now. Figure out ways to get jobs in India. But wait: IITs and IIMs are struggling to place their students this year. So what's the option?
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Akshat Shrivastava
1 year
We have reached a stage, where: [1] People are shifting to smaller cities for cleaner air. [2] Many prefer to work from home (to beat traffic). [3] And, almost all realise that their firm is not their family. And, they can get fired anytime.
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Akshat Shrivastava
1 year
Make room, there is a new Adani in the Stock Market! [1] HUL's last year's profits: 9000 Cr Valuation (public market): 600,000Cr Multiple: 66 [2] Adani Green Profits: 533 Cr Valuation: 300,000Cr Multiple: 561 [3] MamaEarth, profits: 22Cr Valuation: 24000 Cr Multiple: 1090
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Akshat Shrivastava
2 months
A firm in India donated Rs. 1,368 CRORES for political funding via Electoral Bonds. But made JUST Rs. 215 crores (in total) in the 4 years as profits. Interestingly, this is NOT the only firm: here is a partial list:-
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Akshat Shrivastava
2 months
Our parents were able to own a house, buy a car, raise 2 kids, live debt free-- all with a modest salary. Now, people are making 10X more. But, are unable to afford many real assets. [In fact we are talking about things like: buying a fraction of a house -- REITs-- because…
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Akshat Shrivastava
2 years
BYJU's revenues: 1.26Bn$ BYJU's valuation: 23Bn$ TCS's revenues: 25Bn$ TCS's valuation (market cap): 100Bn$ One firm is highly profitable, the other firm is highly overvalued by private investors. (IPO = next year). PS: This Tweet likely to be taken down.
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Akshat Shrivastava
1 month
If you wish to buy, Gold, buy REAL GOLD (not SGB). If you wish to buy, Real Estate, buy REAL Estate (not REITs). [1] Let me explain the point by telling you the sad story of the 1000Rs note. It was banned due to Demonetization. Now, Zoom in and read what it said: "I…
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Akshat Shrivastava
3 months
I recently travelled to Cambodia (which is one of the poorest nations in South East Asia). One Indian bachelor was in front of me. And, he was haggled for 30-mins by the immigration officer. It was quite visible that he was deeply frustrated with all the questioning. Since,…
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Akshat Shrivastava
4 months
Anil Ambani is a bankrupt Indian Billionaire, who is NOT living the life of a poor person. Robert Kiyosaki has amassed $1.2Bn in debt. And, is still a Billionaire. The list goes on... In fact, if I name a few folks, I will personally be sued. One is running a massive PR…
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Akshat Shrivastava
1 year
If your family income in Delhi is 1L/month. And, if you are a family of 4: Tax= 20K [1] House Rent: 25-30K [2] Monthly grocery: 15K [3] 2 kids school fee: 10K [4] Utilities: 10K [5] Transport: 5K [6] Misc: 10K You are left with 0 savings. Less than 10% India earns 1L.
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Akshat Shrivastava
2 years
If you have 10Cr INR today, it will take you roughly 28 years to spend it. (Assuming a spending rate of INR 10,000 per day) The interesting part is: - Most self made 10Cr folks don't want to retire. - And, most folks obsessed with early retirement don't make 10Cr.
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Akshat Shrivastava
8 months
[1] Politicians can have multiple sources of income. [2] CEOs can have multiple sources of income. [3] It is only an average worker that is forced to believe that moonlighting is unethical.
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Akshat Shrivastava
2 years
Did you know: - Satya Nadella - Sundar Pichai - Parag Agrawal & Indira Nooyi All born and grew up in India. But, ended up becoming US citizens. Why? for better opportunities.
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Akshat Shrivastava
5 months
Give it 10 more years: taxes are going to destroy industries in India. A classic case is Goa. Goa hotels are more expensive in season than destinations like Vietnam or even Dubai. One could understand why Vietnam would be cheaper. But why Dubai? There is 0% tax on running…
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Akshat Shrivastava
2 years
There is a reason why: Amazon, Google, PhonePe, PayTM, CRED, are all fighting for the UPI 2.0 pie. Is it: Bigger, Better, Faster? [A thread...]
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Akshat Shrivastava
5 months
[1] Tell folks, that record number of HNIs are leaving India, people get angry. They say: more HNIs in China are leaving. [2] Tell folks, that good jobs are disappearing in India. People get angry. They say: but entrepreneurship is picking up. Everyone will become an…
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Akshat Shrivastava
2 years
On your birthday you get to know who your true friends are. I was wished "happy birthday" 5 times by HDFC Bank today 🎉
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Akshat Shrivastava
6 months
India will win the world cup. But, I'm more excited to see who gets the credit? 😂
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Akshat Shrivastava
1 year
You can generate whatever CAGR, in the stock markets. But, parents only get impressed when you buy Real Estate.
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Akshat Shrivastava
2 months
[1] Politicians send their own kids abroad. And ask the middle class hard working folks to stay and build India. [2] Politicians avail hospital treatments abroad. And ask people to avail the extraordinary treatment that happens in India. [3] Politician kids study in…
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Akshat Shrivastava
11 months
This will hit hard: The Middle Class is too busy with their everyday struggles. Even if they are taxed 80% of their salary, the worst they could do is complain. They will still have to get up next morning and work. They are burdened with expectations (family, society etc+…
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Akshat Shrivastava
1 year
My last 3 years: - Raising a newborn kid. - Shifted to a new city. - Built a YouTube 1.6Mn. - Built Twitter to 225K. - Started my AirBnB. - Started building my own house (from scratch). + more Key learning: stress of doing things goes away, when you want to do things.
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Akshat Shrivastava
2 years
Help me understand the logic behind capital appreciation tax. So you work hard: save let's say 1Cr You pay tax: 30% (30L gone) You go and invest that (again take a risk). If you make profit you pay tax again. But, if you make a loss, government won't compensate you.
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Akshat Shrivastava
1 year
Our parents: had 9-5 jobs, made okay money, provided us decent education, spent time with us, and were able to build a house by their mid 30s, early 40s. New generation: have 9-to-X jobs, (some) make great money, no time, limited assets. Yes, debate my inflation numbers.
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Akshat Shrivastava
6 months
In India, if you fall in the highest tax slab, you will roughly pay 33% as direct taxes. Add another (roughly) 20% indirect taxes to it. You will quickly see: that India becomes one of the highest taxed nations in the world. We often compare this to Nordic countries, where…
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Akshat Shrivastava
2 months
Math does not lie, people do. Dubai built a tourist attraction called: Dubai Frame: Project timeline: 2013-18 (Opened in 2018) Total Investment: $43.5 million It attracts over 2 million visitors a year. The Entrance fee: 50 AED ($13.5) for adults and 30 AED ($8.17) for…
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Akshat Shrivastava
2 years
According to a 2012 RTI filing, there were 8Lakh people with more than 1Cr in Agriculture income, who paid ZERO taxes in India. Such situations exists because governments operate on political feasibility (break the back of salaried folks), not economic arguments.
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Akshat Shrivastava
2 years
It took Twitter literally 1 day to move on from Virat to Sunak. The point is: even when you achieve greatness, the world would move on to the next big thing, QUICKLY. Focus on your mental peace. Relax. Enjoy life. Work sincerely. Hustling beyond a point is, pointless.
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Akshat Shrivastava
7 months
Indian Corporate logic explained in 1 tweet: 👇
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Akshat Shrivastava
4 months
With 1 Crore income in India: You could buy: - A great car. - A great house. - Great healthcare/education for kids. - May be 5 foreign trips a year. - Premium/Business class flights. With 10-15 Lakhs income in India: You could buy: - A decent car. - A decent house. - A…
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Akshat Shrivastava
2 years
Unpopular post on UPSC: - 5 Lakh candidates. - Roughly 1000 qualified. - Rest 4.99L failed. On average it takes 2-3 years to qualify (studying full-time). That is roughly 10-15 LAKH YEARS of peak productivity taken away. Couldn't the exam be designed better?
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Akshat Shrivastava
3 months
According to a 2012 RTI filing, there were 8 Lakh people with more than 1 Cr in Agriculture income, who paid ZERO taxes in India. [1] 1% farmers in India own more than 10 hectare of land. And, they are by no standards poor. And, as per a paper by the erstwhile Planning…
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Akshat Shrivastava
10 months
When you see such images of people drowning due to poor infrastructure, you really need to ask: where is your tax money going? Poor infrastructure is plaguing almost all major cities: Delhi, Bengaluru, Mumbai, Gurugram, you name it! There should be an impact assessment of…
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Akshat Shrivastava
1 year
Hindenburg shorted the Adani stocks. But, forgot that LIC's total equity portfolio was worth Rs 10.27 lakh crore. And 7% of it is in Adani stocks.
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Akshat Shrivastava
3 months
4 pillars of democracy: 1) Executive 2) Legislature 3) Judiciary 4) YouTube?
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Akshat Shrivastava
1 year
Modern day luxuries: [1] Clean Air & not getting stuck in traffic [2] Free time (& not just weekends) [3] Organic food & sunlight [4] Not living life through phone [5] Less stress [6] Meeting friends in person So basically, all things that were there in the Agricultural Age.
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Akshat Shrivastava
6 months
[1] Due to Ramdev, I stopped drinking Pepsi/Coke. [2] Due to LiverDoc, I stopped taking Ayurvedic supplements [3] Due to Andrew Huberman, I stopped drinking alcohol [4] Due to food farmer, I stopped consuming FMCG products [5] Due to Ayurvedic doctors, I stopped eating salad…
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Akshat Shrivastava
25 days
Due to India's increasing debt, you will pay higher taxes. Our debt:- 2014: 54 lakh crore 2023: 205 lakh crore People are doing politics around this data. But, here are critical facts you should know: [1] A good debt is: when you borrow to build productive assets. Very…
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Akshat Shrivastava
4 months
BYJU's at one point in time was in the business of Nationalism. This strategy helped them make more money. Now, it seems Ease My Trip is on the same path. Please don't forget:- [1] Profits are privatised. And are kept by the entrepreneurs. [2] If in the future some scams…
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Akshat Shrivastava
2 years
At INSEAD, I was shocked to learn that my European friends took time to exercise, party and swim a day BEFORE the exam. I asked them: don't you want to ace the exam? They asked me: don't you want to ace life? The point is: don't stop living because you are building a career.
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Akshat Shrivastava
2 years
People have spent 7.2Mn hours learning though my YouTube channel. For context this is: 300,000 days or 822 years. Crazy part is: I started my YouTube journey last year.
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Akshat Shrivastava
2 years
My parents got their US visa done recently. I told them: - Cab, you will have to tip 10% - Restaurant, you will have to tip 20% - At the hotel, you will have to tip the doorman, luggage service and almost everyone. Their reaction: nahin jaa rahe, India hi theek hai!
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Akshat Shrivastava
1 year
Snapdeal is a 13 year old startup, which made a loss of 510Cr this year. Interestingly, the founders got rich (withdrew salaries worth crores), the lead investors got rich. The only one stuck are some investors, who are looking to pass on the buck to retail investor via IPO.
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Akshat Shrivastava
1 year
So according to him: the expenses are not rising, you are just failing to manage your budget 😂 Even if: School fee, electricity, grocery -- everything goes up by 20%, people should not speak. And, should simply learn how to manage their budget better.
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Akshat Shrivastava
4 months
My friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around 20% tax. On top of this, he would have to have an employee to manage his finance, go to a CA--- this would easily add up…
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Akshat Shrivastava
3 months
My mom around 8 months back went to Max Hospital, Gurgaon. After her tests she informed me: [1] The senior citizens used to get 20% off, now that is withdrawn. [2] She was constantly pushed by doctors to consult multiple super specialists (so more money for hospital due to…
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Akshat Shrivastava
2 years
If you can introduce yourself without mentioning your college, school or firm, you are onto something.
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Akshat Shrivastava
1 year
Even if someone gives me a free ticket to go to the US, I won't. US recently witnessed 29th mass shooting (in 2023) yesterday. 6 innocent people including 3 children were killed in a school. Worst part...
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Akshat Shrivastava
1 year
A major report is accusing one of India's biggest conglomerates. This has the potential to derail our stock markets quite significantly. And, sink with it lakhs of retail investors. And, the news is not even trending.
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Akshat Shrivastava
11 months
For the first time in history, everyone on Twitter seems to be united. Thanks to Adipurush
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Akshat Shrivastava
3 months
There is truth. There is lie. And, then there is statistics. As per government data, our growth rate is around 7.5% average for the last 3 years. Here the baseline is 2021 If you take the base line as 2019, then in the last 4 years, then our growth rate 4.5%. This is…
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Akshat Shrivastava
2 years
UPI is not killing the toffee business, it is killing an artificial market. Similar to how YouTube is killing nonsense funded EdTech.
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Akshat Shrivastava
3 months
India's unemployment rate is one of the highest in the last few years. The growth engines for India: IT & Startups are doing poorly. In 2024, IIT, IIM grads are struggling for jobs. These are plain economic facts. Now, folks will come after me for saying: Congress ne kya…
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Akshat Shrivastava
3 months
If I say good things about Modiji's government, I will be called a BHAKT If I say bad things about Modiji's government, I will be called a Librandu So I will do both (3 good things, 3 bad things): [1] Good things: - Brand IP of India has improved. This creates a pull factor…
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Akshat Shrivastava
30 days
[1] I grew up in Gwalior, which is a non-metro city [2] I got into an elite college abroad because I had a 99th percentile on GMAT (got scholarship) [3] Worked abroad. CHOSE to return to India. [4] Pay crores of taxes here in India, every single year. [5] I have created at…
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Akshat Shrivastava
1 month
Guess the price of Milk: 2020 vs 2024. Do the same exercise for Egg, Dal, Makhana etc. And, honestly write your response. For example: depending on where you live, you might say that Egg went from 4Rs to 6Rs. That's a 50% price rise in eggs. But, India's official inflation…
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Akshat Shrivastava
1 year
Sometimes I wonder: if Aadhar, Pan Card, Bank accounts are linked, then why is it that we need to manually file taxes? Why can't the IT department build a system to automate taxation? Would save at least a few 100 hours for everyone running a business.
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Akshat Shrivastava
2 months
Discussing issues like women safety or unemployment have unfortunately becomes Political issues in India now. If you raise valid questions. And, ask for accountability on such basic things, you will be tagged as an anti-national, librandu and whatnot. Worse: the failure of…
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Akshat Shrivastava
1 year
Google, Microsoft and Amazon laid off more than 70,000 employees last year. More layoffs are underway. Their profits in last quarter (not year!) 2022: - Google: 40Bn$ - Microsoft: 35Bn$ - Amazon: 19.65Bn$ Sometimes, I wonder what is the end goal here?
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Akshat Shrivastava
1 year
Adani is not stock market. And, stock market is not Adani. Indian Markets have given 0% returns in the last 1.5 years. Another year or two of poor returns, there will be mass exodus of investors. Government can't let that happen.
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Akshat Shrivastava
19 days
All the macroeconomics you need to know 😂
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Akshat Shrivastava
10 months
With 1 Crore income in India: You could buy: - A great car. - A great house. - Great healthcare/education for kids. - May be 5 foreign trips a year. - Premium/Business class flights.
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Akshat Shrivastava
8 months
India is full of smart hard-working people. It is no small feat to focus 10-12 hours a day studying for any competitive exam. But, kids do it. Despite absolute toxic work environment in many work places, most Indians endure this for their families. People get stuck in…
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