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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
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   Posted: 25/Jun/2007 at 4:48pm |
| I do not own a car inspite of a fact that I can afford the best ones in the country because it does not make financial sense to put in money where I lose 50% at the end of year 3 where the opportunity cost is of multiplying it a few times in 3 years |
| Car is basically a means to get from point A to point B |
For most people, a car represents freedom and passion - it is not just a mode of transport. There is a reason why we have 6 automobile magazines in India. You invest in equities to make money yes - but I bet my car that you have a passion for equities too.
It just happens that equity investment passion increases wealth while automobile/big villa passion improves the mental health of those who indulge in it.
Also, consumerism (spending on houses, automobiles, jewellery, laptops, mobiles etc) is the best way to spread the wealth.
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tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
Online Status: Offline
Posts: 1615
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Posted: 25/Jun/2007 at 4:56pm |
BTW in a Famly of 5 Adults and 2 Children we have 5 Cars , but definitely when we Had Less Number it was better .
vipul ji i would like to make things better for you, kindly give me one of the cars ... number of cars less ho jayengi and your life pahle jaisi mast 
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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vip1
Senior Member
Joined: 09/Oct/2006
Location: India
Online Status: Offline
Posts: 492
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Posted: 25/Jun/2007 at 4:57pm |
Also, consumerism (spending on houses, automobiles, jewellery, laptops, mobiles etc) is the best way to spread the wealth.
A better way of spreading wealth can also be to give it away like Warren Buffet and Bill Gates( last time he came to India he gave 100 million USD for Aids prevention and Cure)
Edited by vip1 - 25/Jun/2007 at 4:58pm
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tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
Online Status: Offline
Posts: 1615
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Posted: 25/Jun/2007 at 5:03pm |
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pasand apni apni khayal apna apna ...
atleast i can not be motivated to make more and more money and then donate all of it to some charity.......
charity destroys and work builds...
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
Online Status: Offline
Posts: 1615
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Posted: 25/Jun/2007 at 5:07pm |
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buffet is denoting $37bn ... it might have given him utopian pleasure to do so but then had this money been given to someone like dhirubhai then he would have created jobs for thousands..wealth for millions and that is not in anyway less than charity..rather its better than charity....
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
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Posted: 25/Jun/2007 at 5:09pm |
| give it away like Warren Buffet and Bill Gates |
In India, when you give away money, there is a always a niggling doubt at the back of your mind - is my money being utilized properly?
| i can not be motivated to make more and more money and then donate all of it to some charity |
Me neither. Laxmi Mittal answered the question "Sir, Do you plan to give away all your wealth like Warren Buffet"? very well with his answer -
I'm not that old yet!
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 25/Jun/2007 at 5:28pm |
Seriously I believe charity begins at home. All of us will have some cousin, some relative, some old friend some one who wants to get his daughter married off maybe an old servant I like giving to them instead to an unknown face.
I know many people who do not take care of their near anbd dear ones and then take the whole community to sacred places. That is a sin in my dictionary.
To me my near and dear ones come first. I know this is anti communism but that is how the thought process has been developed.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
Online Status: Offline
Posts: 1615
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Posted: 25/Jun/2007 at 5:30pm |
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very well said basant ji..
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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