New Delhi: Many young people today are driven by the desire to achieve financial stability and attain life’s material milestones, such as owning a house and a car, as quickly as possible. For them, financial independence represents freedom and success, fueling their determination to secure high-paying jobs, start businesses, or invest wisely.
The pressure to meet these goals early in life is often influenced by societal expectations, social media, and a desire to live a comfortable lifestyle. This ambition pushes them to work hard, take risks, and prioritize their financial goals, often viewing these luxuries as key markers of achievement.
Sourav Dutta’s X post
However, one man, named Sourav Duuta has different opinions and feels that instead of buying a car on EMI, people should rather invest in SIPs because that would get them higher returns.
Taking to X, Sourav wrote, “Rs 20000 per month is the 5 year EMI of a 10 lakh car for Ravi. Instead, Ravi puts Rs 20000 per month for 5 years in Nifty ETF SIP. The first decision gives him a car worth Rs 4 lakh in 2030. The second decision gave him Rs 17 lakh of bank balance in 2030. Life is about the choices we make.”
Social media reacts
Several people criticised Sourav for this thought. One entrepreneur wrote, “Ravi, during Covid lockdown, searching for a hospital and an oxygen cylinder for his father. Called Uber Ola, they are not functional. One relative said no because he was afraid of infection. But Ravi has lakhs of money in bank. Don’t be like Ravi. Go buy a car. Buy a small one. Buy on EMI you can pay every month. There is no harm. 77-80 per cent of people buy cars on finance. No one is judging you. Biggest projects of the country are running because they took a loan.”
“What is going on? Don’t take a car, don’t take a house, don’t get married, don’t go on a honeymoon, don’t have children,” one person wrote.
