In a time marked by ambitious spending and consumerism focused on social media, the financial educator and investor Akshat Shrivastava drew online attention for his disciplined and pragmatic approach to money management. In a detailed article on X, Shrivastava revealed how a single basic philosophy helped him save up to 95% of his income – despite significant profits over the years.
Shrivastava began his professional trip to a modest monthly salary of ₹10,000. Residing with his parents, using a used mobile phone and sticking to meals at home, he still managed to book ₹1,000– ₹2000 each month. Without debt and a simple lifestyle, he built strong savings habits from the start.
His financial trajectory has changed considerably when he won a business role offering an annual set of ₹50 Lakh. However, rather than increasing its expenses in accordance with its income, Shrivastava has maintained its frugal lifestyle. He continued to live without debt and would have saved ₹20 Lakh per year, by directing most of the high -growth investments. While these investments began to generate passive income, his journey to financial independence has accelerated.
Now a father based in a city at high cost and traveling abroad, Shrivastava says that he still manages to save 95% of his income. It attributes this to a constant principle: “Do not buy something once you cannot afford to buy it twice.”
“This state of mind is not negotiable unless it is an investment in the update,” he wrote in his now viral position.
Shrivastava clarified that his approach to personal finance did not concern austerity, but the conscious and values based decisions. “Most people give in to inflation of the lifestyle when their income increases. But I never let my lifestyle swell faster than my income,” he added.
His post resonated widely, a lot praising his financial discipline and his long -term reflection. However, others have stressed that such a high savings rate could be unrealistic for many Indians faced with stagnant wages and the increase in the cost of living.
However, the global message struck an agreement. Many users have shared their own experiences with pulse purchases and debt traps, stressing the importance of financial literacy and restraint from an early age.
Shrivastava concluded his message with a clear message: Building wealth Not by chasing trends but by stable and conscious financial habits. “Save, invest and live below your means-even when you start to do more. This is how you win in the long term,” he wrote.