One of the areas where I have a different opinion from my parents, is money! It is due to various reasons:
\n1. Economic Situation of India Is Different Today
\n2. Earning – Spending – Saving Habits Are Different Today
\n3. Overall Philosophy\u00a0 Is Different Today – Ideas, Quality of Life, Self Actualization etc Are More Important Now. Earlier Money Was A Guarantee To Good Life.<\/p>\n
My parents frown when I spend good bucks on restaurant food or movie or see my credit card bills. I see this expenses as rewarding self or enjoying some money for today rather than wait for tomorrow. I am sure many of my friends also face this unique situation.<\/p>\n
Recently, I came across a wonderful Rediff archive which revolved around the same idea : What Parents Did Not Teach About Money!<\/a><\/p>\n Here is the gist and my comments:<\/p>\n 1. Debt is good – Depends on how you use it. If for education, go ahead. One of the areas where I have a different opinion from my parents, is money! It is due to various reasons: 1. Economic Situation of India Is Different Today 2. Earning – Spending – Saving Habits Are Different Today 3. Overall Philosophy\u00a0 Is Different Today – Ideas, Quality of Life, Self Actualization etc Are More […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-35","post","type-post","status-publish","format-standard","hentry","category-money"],"acf":[],"_links":{"self":[{"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/posts\/35","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/comments?post=35"}],"version-history":[{"count":0,"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/posts\/35\/revisions"}],"wp:attachment":[{"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/media?parent=35"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/categories?post=35"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/tags?post=35"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n2. Stock market is not only for gamblers – Think long term!
\n3. Credit card can work for you – If you pay within credit free period. Offer convenience of not carrying cash.
\n4. Jewellery is an lousy investment
\n5. The bank is not the best place to park your money – Obvious! Interest here is peanuts and you actually lose money, if you factor in the inflation.
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\n<\/p>\n","protected":false},"excerpt":{"rendered":"