The Power of Purposeful Saving

Bungalows in Ahmedabad

India of 21st century is totally different from the India of 20th century. It may be just few decades ago but the change in mindset of India has undergone the most drastic transformation which might have otherwise taken over a century. This is primarily because of the advancement in technology, education, onslaught of communication technology starting from radio, satellite television, internet, social and digital communication and increased spending and consumerism of highest order.

As Vishal Pansari, director RameshwarDevelopers puts it, even people with humble earnings are prone to spending even at the cost of real time life goals like buying a house, saving for a rainy day or creating a corpus for future financial freedom. Priorities once cantered around enduring life goals has been replaced by a culture of immediate gratification. What was exception a few years ago has become a...