Spend Your Money When You Are Young

ITS MOTIVATION TIME

Spend Your Money When You Are Young  Deepak Shenoy's views on why you should not focus on savings when you are young  #investing #financialfreedom #savings

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00:00Spend your money when you're younger. I was getting paid for 5,000 a month then. In 2002,

00:04you could get a five-star hotel room for 5,000 rupees in Goa. Today, in all means and total

00:09that would be 30,000, 35,000. If I told you don't do that hotel room, save that 5,000 rupees and

00:13you saved it for 20 years, it became 30,000 today. And yes, it'll still buy you that one hotel room.

00:18But you lost the meaning of living in that five-star hotel room when you were younger,

00:21which you can't get back. 5,000 then is 40,000 now. Today, if you have lived 20 years of experience,

00:26your ability to save today will be easily 1,00,000 a month. In general, I would say

00:31save after you've learned to spend and enjoy your life.

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