Can Money Buy Happiness? 22-Year Old Professional Earning Rs 2 Lakh Monthly And Rs 1 Lakh Savings Gets Lesson From Redditors

New Delhi: A 22-year-old skilled who makes Rs 2 lakh a month mentioned on Reddit that when paying his expenses and making an investment Rs 1 lakh in SIPs, he’s left with Rs 80,000. This cash is just sitting in his financial savings account. Uncertain about what to do with the leftover cash, he has requested the group for recommendation. Reddit customers presented a variety of recommendation from making an investment in NPS or SIP to travelling and seeing the arena.

The person shared within the Reddit publish that he earns neatly. Though his crucial bills are coated and investments are in position, he’s undecided about methods to revel in the rest cash. “I’m 22M and grew up quite frugally. Now I’m earning decently (2+ LPM) I have SIPs of 1L which get deducted on the first day of the month. After my other expenses, I’m left with around 80k. Sometimes I feel since I have investments in place I should just spend on whatever I like but at the same time it doesn’t make financial sense to splurge 80k a month,” he wrote.

The person additional mentioned that the leftover cash is accumulating mud in his financial savings account. “Currently all the excessive money is collecting dust in my savings account,” he wrote.

He concluded his publish by way of asking if spending that cash would make sense and whether or not cash can actually purchase happiness. “Do you guys think it’s a good idea to go forward with this given my situation? Also, if I do so then please suggest things/experiences that can buy comfort and happiness with that money,” he wrote.

Netizens react

His query resonated with Reddit customers with many advising him to spend money on SIP or NPS and others getting stunned over the wage that he attracts. 

One person instructed, “Get an nps account, get a ppf or something similar..invest in gold or balance the equity investments with some instruments…best is to have a qualified financial advisor to manage your portfolio.”

Another mentioned,” You can put the excess money in SIP as well if it’s collecting dust.”

One person commented, “Happiness lies within , don’t seek it outside ! Travel my friend, travel !”

“Travel, go out, explore some activities on weekends,” commented some other person.

“Please see the world. its my fav thing in the world,” mentioned some other person.

Another person sought after to grasp in regards to the supply of his cash. “What doo you do to make this kind of money?”

“Itna toh saal ka bhi nai kamte hai bhai apan .What’s your job,” mentioned a person.