To make 1Cr, have 3 income streams | How to build SIDE INCOMES?

►Talk to Ditto to get the best advice on Health/Life Insurance:
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►My management consulting course [taught by me and an Ex-Mckinsey]:
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All millionaires have 1 thing in common - they each have multiple income streams.

What do I mean by this and how can we also build multiple income streams?
Watch this video TILL THE END to understand the mechanics :)
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Attributions:
Stock videos from Pixabay and Pexels
Logos: Wikipedia Commons

Video Editor: Vallabh Salgaonkar

[AkshatZayn]

►Talk to Ditto to get the best advice on Health/Life Insurance:

►My management consulting course [taught by me and an Ex-Mckinsey]:

[saurabhranani]

1. Job/Work Income - Ask for raise/Change Job, become specialist
2. Dividend Income
3. Intrest Income - Bonds, FDs
4. Capital Income - Stocks, Real State
5. Rental Income - Rent out Commercial Property
6. ESOPs - Join Start-Ups
7. Product Income - Make a product that can solve your daily challenges

Manage your time efficiently.

[srinivastrcareercoach]

3 Phases of Financial Growth

1) Making Money
2) Managing Money
3) Growing Money

Most of them fail at 2nd phase, secret of Success is Managing Money even when you are in the start phase and not making much money

Have a Formula for allocating the Money for

1) Tax- Income tax/GST
2) Investment and Wealth Creation
3) Purpose and Passion-Charity
4) House and Domestic Expense
5) Business Operations

Cheers

[suhruthsr]

Much needed insights. After getting a job as a software developer, being 22 I was happily chilling. But now I'm motivated to pick up a side hustle.
Thank you always Akshat :)

[ultimateabhijit]

Great point- become specialist in your primary skills. Great sir.. everybody talk bad about 9-6 job but you nailed it

[pushpataware]

Good video. Balanced view. Good thing so far is that you are honest.

[usefulent]

3:23 This yellow veranda or balcony is nice

[parthpratim]

Akshat, can you please make a video on what to do with 1cr if any one already have it? How to create passive income or live financially free with existing 1 cr?

[johnmctavish]

You LITERALLY described my millionaire father.

[iqbalmohammed]

Very informative, thanks for the video. A small correction, 09:13 the profit is 50 lakhs (and not crores). It's anyways understandable, but just thought to let you all know.

[jadensparrow]

I have become a millionaire now, just came back to thank you !😊

[RahulVerma]

Good evening sir, I am regular viwer of your video and I like most of them very much.
But I would like to say that please cover Passive income strategy in detail because without details these looks good on paper only.
Dividend: We can't buy stocks in such huge qty to have Dividend as one of the income

Pvt job :more than Half of the energy lost by doing it and we after work family and all other stuff eat our time.

Please cover good Passive income strategy in Details.

[saksham_mahendru]

Very informative video sir, , ,
In next video can you please explain what/how to start a passive business when we are good at our primary job to growth further..

[shwethap]

The only income stream of the rich people I know in India is “Under the table” source. People who earned honestly by paying tax are still middle class. 🙇‍♀️

[phanitej]

Love you Akshat, I consider you as guru from this point of my life

[mdarifkhan]

You are our Role Model and God bless you with grand success ahead 👌👍🌹🌹🌹

[shankar]

Most Sensible and important Video that one should never miss!! Thanks a lot Akshat!!

[praveenkumar-pofq]

Best of luck akshat for starting that business 👏 💪 👍

[acchieverk]

Your YT income might be one of the best as RPM for finance related videos is very high now a days!

[hetpatel]

My portfolio has outperformed the index and having yearly return of 50% +