I stay in a three-storeyed apartment at Dombivli, a decent sized city on the outskirts of Mumbai for the last 26 years. About 15 years back there were only two cars and a few bikes in our society. We had plenty of space to play cricket or football or to take a stroll. None of the families staying on the same apartment level as mine had a single vehicle. Today there are 10 cars and more than 30 bikes parked in the same space. Many families own a motorcycle and a car while some of them own two bikes along with a vehicle. The fun part is 40% of those vehicles are not even used regularly. Some owners usually take their cars out maybe once a month or even once in two months. We have a range of bikes ranging from normal
I was trying to appear rich trying to keep up with the status of people earning the same as me when in reality all these expenses were making me lose my money.
I started to earn good money from the start of 2017 which made me lean towards spending on unnecessary things. Last year I was visiting the US for a month when I upgraded my tickets to business class at the cost of ₹1 lakh – it wasn’t necessary at all, and I regret my actions till today. I even started staying at 5-star hotels for fun and spent about ₹1.5 lakhs in total on hotel stays –
In hindsight, I was trying to keep up myself with other people in my income range. Earning and spending the money on luxuries was appearing logical to me as I wanted to “live the life”. In reality, it was a never-ending race. The more I earn, the more I will get to know people richer than me and more luxuries will appear. There will always be someone who was wealthier than me, had a better place to stay, a more luxurious car or the latest iPhone which will make me feel less. I had to understand that it was impossible to keep up with all of them. It was necessary to find a comfortable position where I will be satisfied with my own accomplishments rather than some level which society had set for me. These
It really comes down to what matters the most for you! For me, my freedom is more important than anything else. I don’t want to work for someone else at a job all my life and be nostalgic at my old age that I made sacrifices, but my life turned out to be okay. I want to live my life on my own terms! It’s okay for me to own lesser luxuries and focus on needs rather than being in debt and working for simply making payments.