“Your salary does not make you a millionaire, your savings of millions of millionaires make you a millionaire,” Kadia writes, “Kadia writes,” Kadia writes, “Requests to reconsider individuals how they manage money and avoid consumer-based habits.”
He criticized the western vision of “Live for Today”, calling it a legend of consumerism. “There is a theory in America that lives for today, never come tomorrow. This is a disgusting principle,” he said that such thinking leads to economic insecurity. According to the KDIA, about 40% of Americans do not even have $ 1000 to meet the crisis, mostly because their culture does not save.
When the US As countries provide social security as a security net, Kadia argued that relying on the government is not an option for personal financial planning. Instead, he advocated for consistently making wealth through investments. He offered a simple example: “If you are investing Rs 50,000 per month in mutual funds with only 12% CAGR, it becomes Rs 5 crore. This is simple mathematics.”
He advised young earnings to reduce the discretionary costs – on parties, fashion and brands – reducing discretionary costs and redirecting that money. He said, “The first thing to do is to reduce parties, spend less on fashion and brands and save as much money as possible.”
Sharing a thoughtful quote, Kadia added: “Either you can either have a gorgeous young age or you can do an old age of old age. Always keep this in mind.”
Kadia warned him that every money spent today is spent in the future. “If you are spending Rs. 000,5 rupees today, it may mean to give Rs 5 crore in future value.”
https://x.com/vijaykedia1/status/191386140272217050?t=buuzlle1NR1NR-9WCJNO4FELG&S=08
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Many gensols are still hidden in the Almighty
Previously, in a separate post, Kadia also weighed the recent controversy associated with gensole engineering, which SEBI banned the entry into capital markets to change public funds. He warned, “There are still many gensols hidden in the Almighty, just waiting for the exit over time.”
Kadia hoped that these other companies, which he did not mention clearly, come out, by the time it was not too late. However, he placed 10 red flags that investors could find the scream before the scandal.
Kadia said that it is intelligent to be careful with companies: 1) Big talk and over -proke 2) Maintain the presence of media – News coverage, hyperactive social media posts and infinite interviews 3) Expand the smallest development. )) Diversity in unrelated businesses to ride only trending stories 6) Use excessive light buzzards to make an innovative sound without real object. )) Furn the promoter lifestyle that is not matched with the company’s influence.
(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)
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