Archive · 21 Jun 2025
Financial Advisor's Mantra to Save 95% of Income
Imagine someone who's really good at saving money!
This person, Akshat Shrivastava, explains how he saves almost all his money.
When he was young, he lived simply and saved even when he didn't earn much.
Later, he earned a lot more money, but he still didn't spend as much as he could have.
He believes in only buying things if you can easily afford them twice.
This way, he makes sure his money grows.
Some people think his way of saving is hard for everyone because it depends on how much they earn and what things cost.
But, it shows that it's good to think carefully about how you spend your money.
Financial educator Akshat Shrivastava shared his approach to saving 95% of his income.
Shrivastava's key principle is: "Don’t buy something once unless you can afford to buy it twice."
He began saving early on, even with a modest salary and frugal lifestyle.
Despite income increases and a family, he maintained high savings through conscious decisions.
While praised, some found such high savings rates unrealistic for many due to financial constraints.
- Who
- Akshat Shrivastava, a financial educator and investor.
- What
- Financial educator Akshat Shrivastava shared his savings strategy.
- When
- Information was shared in a social media post.
- Where
- Online, in a social media post.
- Why
- To illustrate the importance of disciplined money management.
Realistic Expectations
Financial Constraints
Savings Potential
Realistic Expectations
High savings rates are achievable with discipline.
Financial Constraints
High savings are unrealistic for many due to stagnant wages and rising costs.
- Main focus
- Personal finance and savings
- Savings Rate
- Up to 95% of income
- Key Principle
- Don’t buy something once unless you can afford to buy it twice
- Initial Salary
- ₹10,000 per month
- Corporate Package
- ₹50 lakh annually
- Savings Strategy
- Maintaining lifestyle and investing