“Your wage of lakhs would not make you a millionaire, your financial savings of lakhs makes you a millionaire,” Kedia wrote, urging people to rethink how they handle cash and keep away from consumer-driven habits.
He criticised the Western philosophy of “dwell for at present,” calling it a fable born of consumerism. “There’s a concept in America that dwell for at present, tomorrow by no means comes. That is an abhorrent concept,” he mentioned, stating how such considering results in monetary insecurity. In line with Kedia, almost 40% of People don’t have even $1,000 to fulfill emergencies, largely as a result of saving just isn’t ingrained of their tradition.
Whereas nations just like the US provide social safety as a security web, Kedia argued that counting on governments isn’t any substitute for private monetary planning. As a substitute, he advocated for constructing wealth via constant investments. He supplied a easy instance: “In case you are investing Rs 50,000 yearly for 20 years in mutual funds with only a 12% CAGR, it turns into Rs 5 crore. That is simple arithmetic.”
He suggested younger earners to cut back discretionary spending — on events, vogue, and types — and redirect that cash into financial savings. “The very first thing to do is scale back events, spend much less on vogue and types, and save as a lot cash as attainable,” he mentioned.
Sharing a thought-provoking quote, Kedia added: “Both you possibly can have a lavish younger age or you possibly can have a lavish previous age. At all times maintain this in thoughts.”Kedia summed it up with a warning that each rupee spent at present carries a price sooner or later. “In case you are spending Rs 50,000 at present might imply giving up Rs 5 crore in future worth.”https://x.com/VijayKedia1/standing/1913861402722177050?t=bUUzLLe1nR-9WcjNo4felg&s=08
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Many Gensols nonetheless hiding within the cabinet
Earlier, in a separate publish, Kedia additionally weighed in on the current controversy involving Gensol Engineering, which has been barred by SEBI from accessing capital markets for diverting public funds. “There are lots of Gensols nonetheless hiding within the cabinet, simply ready to tumble out with time,” he warned.
Kedia hoped by the point these different firms, which he did not point out explicitly, come out, it’s not too late by then. Nonetheless, he put out 10 pink flags that buyers can look out that scream earlier than a rip-off.
Kedia mentioned It’s wiser to be cautious of firms that: 1) Speak large and overpromise 2) Keep fixed media presence — via information protection, hyperactive social media posts, and limitless interviews 3) Amplify even the smallest developments 4) Elevate funds continuously with out readability on deployment. 5) Diversify into unrelated companies simply to trip trending narratives 6) Overuse flashy buzzwords to sound revolutionary with out actual substance. 7) Flaunt lavish promoter existence that don’t match firm efficiency 8) Have excessive ranges of promoter pledging 9) Face frequent exits of key personnel (CFOs, auditors, CXOs) and 10) Have interaction in extreme related-party transactions.
(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t characterize the views of Financial Instances)
