Spend Your Money When You Are Young

Deepak Shenoy is the founder and CEO of Capitalmind. It manages over ₹1800+ crores. He has been part of the markets for over 15 years and is the author of 'Money Wise'. Link to the whole video – https://youtu.be/SnXI-6Wo62U?si=mpiYqJhav4n3KuvM

Save after you’ve learnt how to spend? That is literally the most retarded thing I’ve ever heard

Just do something so that you make enough money you can save and live

Have seen many people who spent before they saved, and regretted their spending habits later in life.
It doesn't matter if you are spending a fraction of your earnings.

10000 agree…

True

❤

What stupid logic.
If the cost of basic services are going to be less in your youth, then so will be your salary and your ability to afford a lifestyle that fulfills this idea of " having fun". One should rather spend his/her youth grinding chasing excellence and success and doing stable investments that give returns so good by your adulthood where even 30k or 50k for a hotel seems like a piece of cake!

great advice in simple terms. thank you.

Yes guys, spend a lot. Get into debt if you can.
I have stocks of banks. 🙂

one who spends one who doesn't and saves .. both will be thinking what if i did the other .

You make a decision and then try to make it right that's the only choice you have

Bad advice, the salary will also increase after 20 years or business will grow, so save some & spend some

best advice ive see online

i get the idea of enjoying your money while you’re young, but i’ve found using budgetgpt helps me balance fun now without feeling guilty later. it’s like i can spend a little freely and still know my savings are on track

Now a days Jobs r eaten by AI GI BI whatnot..so start saving & investing as early/ as maximum as possible ..u never know when u get lost with ur earnings..Try to find middle way if possible

This person is sponsored by Visa and MasterCard 😂

This is stupid advice in my opinion. Being able to save makes me so happy and seeing my net worth go up. Yes I have my guilt free spending which is usually just date nights with my girl but knowing that I’m saving so I can travel the world with my future wife makes me feel way happier and not regretful that I’m saving so much now

If its one five thousand it's okay. Imagine if you save many 5000s, that would make a huge difference now.

This is scenario based.. cant apply to each individual

Yaar sab koi kitna kuch bolke confuse kar dete hai…2011 me koi mentor dene wala hota aj ke jaisa

No these words cannot be taken out of context to encourage spending. There should be a balance of spending vs having experiences.

Dum fk who saves without any returns?

All this bad advice on youtube