The card has become such an important part ofour lives we cannot live without it. I havealways argued that the card dramatically reducesour need to print notes, etc…however if youwish to reduce your expenses, stop using thecard, shift to cash.
Stop and think why you are buying things. Isit because you had a fight? An argument withyour boss? Time-pass? As entertainment? Youhave been waiting for a friend and you weresupposed to meet in a mall? Or do you reallyneed the things that you are staring at in ashop? Instant gratification is great – so what ifit creates debt in the long run?
Amazing how many people think ‘this muchis basic’ how can I not travel by air, taxi,auto…or ‘it is my wedding anniversary, IMUST BUY HER a diamond ring’ or ‘sir wejust need an I pad’ . Amusing to see kidsbuying a mobike, car, house …all on such ‘sireverybody borrows to buy a house’ theory.Entitlement based on dad’s earnings is evenfunnier to watch.
Where you live, what you buy, where you eatout, what you do – all this is decided bycolleagues, classmates, etc. who are actuallychasing you. Funny situation is it not? Noclue who is chasing whom – seem to berunning in circles and wondering where theyhave reached!
Shopping, tobacco, eating at fancy joints,buying expensive things, alcohol, travel –anything which becomes an obsession oraddiction sucks money out of your system,and fast!
Today your entertainment has to be going to amall, bowling, playing other games, moviesor eating out. To imagine that reading a book,carom, going for a walk, cycling around, etc –those which you can do together but does notcost money have been so beautifully killed asentertainment thoughts! Wow media, youhave achieved your goals!
So all ‘show off assets HAVE to bebranded. There is a whole gen out therewhich has been beautifully told that Brand =Value. Excellent for me as a shareholder ofcos. where I am a shareholder…but it ishurting you like mad, wake up!
No plan of expenditure, career, savings,retirement …so it hardly matters.
Like start early, compounding, power of smallnumbers – leading to fatalistic statements like– what will I be able to do saving Rs. 4000 amonth? Or I will never be able to buy a housein Mumbai, so let me live it up!
I anyway have X amount of student debt, xamount of car debt, y amount of personaldebt…so what if I added another smallamount