Saturday, July 14, 2018

Overplanning kill your future dreams

Investoshashtra !!!📜📜📜
इनवेस्टोशास्त्र !!!📜📜📜

Roti, Kapda aur Makaan (Food, Clothing and Shelter) is the basic necessity of every individual. Food and clothing is still not that difficult manage. But Makaan has become a distant dream for many.

In recent past lot of my young investors, who are in their late 20's and early 30's went for buying a house. Most of them are just married or married with one kid.

Most surprising is the house they are buying is 3 BHK or 4 BHK.

When asked why not 2 BHK their reply was tomorrow when we have kids and when they will grow they would need 1 room and  other one is for guests or parents.

First thing is that in Indian context normally kids tend to sleep with parents till the age of 7-8 years in some cases even more. Secondly as working couple, there are hardly any guests which visits them regularly, apart from own parents.

So most of the time atleast 1 bedrooms is going to be unoccupied.

Then why to stretch your finances to go for a house which eats up all the savings leaving you with EMI which makes today's life more vulnerable.

In many a cases EMI is as high as 60% of take home against which *rented house is costing hardly 3-4% of price.*

Most importantly being young not yet settled in carrier what if need to face  a job loss.

Over-planning results in stress and anxiety.

On a lighter note, the way our habit of eating out is increasing my wife always tells me that very soon you would be advising you clients to buy a house without kitchen. (Think how much you can save😉😉)

So don't fall in trap of over-planning and have a stress free weekend.

Raj Talati

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