Key Points
- Sourav Dutta proposed putting Rs 20,000/month into a SIP instead of buying a car.
- His tweet blew up with over 1.3 million likes but got plenty of pushback.
- Critics pointed out that financial decisions should factor in real-life needs like transportation.
- Dutta’s take highlighted the tension between future wealth and immediate satisfaction.
Looma News
Trader Sourav Dutta caused a stir on Twitter with his hot take on personal finance. He suggested that instead of dropping Rs 20,000 a month on a car EMI, folks should consider putting that cash into a Nifty ETF via a Systematic Investment Plan (SIP). In his example, a guy named Ravi could either drive a car worth Rs 4 lakh in 2030 or end up with a cool Rs 17 lakh in the bank. Sounds tempting, right?
While Dutta’s tweet went viral, it also sparked a wave of backlash. Many users jumped in, arguing that being financially smart shouldn’t overshadow basic needs. One commenter pointed out that if everyone adopted Ravi’s frugal approach, it could actually hurt the economy—after all, cars aren’t just for show; they’re often a necessity!
The debate got even more interesting when someone shared a story about Ravi missing out on a big business opportunity due to cab troubles. Dutta suggested that, hey, working from home is an option these days. But this raised more eyebrows about the practicality of his advice. Not everyone can just pivot like that!
Critics were quick to push back, stressing that life isn’t all about pinching pennies. One user even shouted, “Not everything in life is about saving money!” Dutta argued that by 2030, Ravi could still buy a second-hand car and have some travel cash left over. Still, his views tend to ruffle feathers. Just last year, he stirred the pot by claiming that a Rs 25 lakh salary isn’t enough for a family of three. Clearly, he loves to challenge conventional thinking, even if it sometimes gets him into hot water.
