Skip to main content

Posts

Showing posts with the label Investing

Personal Finance - Another Perspective

Recently, one of my friends aged 29 Years who is a motorcycle enthusiast bought Hardley-Davidson motor cycle for about INR 8 Lacs (personal borrowing of 3 lacs), costing him his entire savings. He is an IT Professional and draws around 50K/month. His explanation for this costly affair was primarily his love for the bike for which he had been raising money, secondly he wants himself to be identified by 'HD wala' in his colony. Now, people have started judging him saying he wants to show off. Another uncle commenting 'Agar yahi paisa FD me daal deta to...'. First thing first, it was his hard-earned legally acquired wealth which he used to fulfill his passion. Isn't it wrong to judge him for doing something unusual? There are people who suggest to invest heavily for retirement by suppressing our desires, simply called delayed gratification citing example like 'Marsh mellow experiment'.Well, what if you don't reach that age itself given death is so uncertain...