The answer is YES, let's see how
let's consider the salary of an IAS officer joining at the age of 26 yrs
salary - 1 lakh per month
if he tries to save 50% of his salary just for the car.
he will be saving Rs 50000 per month and let's assume that he is investing his salary in mutual funds with a
return of - 10%
car price - 3 crores (Lamborghini hurricane)
considering all the factors like
increase in salary- 6%
increase in car price -6%
started in 2020
after 25 years (2045)
total savings = 10 crores
car price = 9 crores (2045 a new model car )
YAY YOU HAVE GOT ENOUGH MONEY TO BUY THE CAR BUT HANG ON
Now his,
age - 51 yrs (will be retired at 60)
will you waste all of your savings in a car that gives you an average of 3kmpl and a maintenance cost of 3–4 lakhs. of course, not you will be able to buy the car but not maintain it.
IT'S BETTER TO SERVE OUR NATION THAN HAVING A LAMBORGHINI
No comments:
Post a Comment