Financial Expert Explains Long-Term Cost of Spending Large Bonuses on Lifestyle Upgrades
21 hours agoBusiness
28LENS
1 SourcesBangalore, India
TBNthebalanced.news
Financial Expert Explains Long-Term Cost of Spending Large Bonuses on Lifestyle Upgrades

A chartered accountant highlighted how a Rs 12 lakh bonus, spent on lifestyle upgrades like gadgets, vacations, and a car in 2018, could have grown to approximately Rs 45 lakh if invested in diversified equity funds. The analysis contrasts immediate gratification with long-term financial growth, noting the enduring financial obligations versus fleeting memories and depreciating assets. This illustrates a common financial pitfall for young professionals.

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