Aadi Fernandes’ Post

It's true that some people try to appear wealthy or luxurious by taking debt and making monthly payments, such as through EMIs (Equated Monthly Installments). However, True richness and luxury are subjective and can vary from person to person. Many people find it in material possessions, and others may find it in experiences, relationships, personal fulfillment, or simply living a debt-free and healthy life. It's essential to define wealth and luxury in a way that aligns with your own values and priorities. Follow Harshit Verma for more content like this. #people #luxury #health

There is an ongoing conflict when it comes to building wealth. We all want nice things but are told to save our money. Does this mean we shouldn’t experience luxuries when building wealth? I don't think so, but it's crucial to be mindful of the potential pitfalls. The 'Diderot Effect,' where purchasing one expensive item leads to more and a shift toward a more luxurious lifestyle, is a primary reason why people encounter financial difficulties. The key to wealth-building is to view luxuries as occasional 'experiences' rather than a permanent 'lifestyle.' This allows for occasional splurges, such as dining at an upscale restaurant, owning a high-quality piece of clothing, or shopping at an upscale supermarket. If you are wealthy yourself, you must help your kids realise that you are giving them ‘experiences of luxuries’. Many kids who grow up in wealthy families struggle with money later in life as they find it hard when they can’t maintain the 'lifestyle' they are used to when they are growing up. Read full blog on this topic here: https://lnkd.in/gijp6wBs #luxuries #kidsandmoney

Micro concerns, those closely tied to personal situations and finances, are the main driving force for today’s #consumers. While some may cut back spending in certain categories, investments in air travel, vacations, and #luxury brands are still present—a way to relieve pressure from daily life and reclaim time lost during the pandemic. BCG’s latest consumer sentiment survey explored the factors influencing #resilience and revealed key learnings for consumer-led growth. Read the full report here: https://on.bcg.com/3uLDSSa

The Money Saver's Guide: Say No to These Money Burners!" - Protect your financial future by avoiding these purchases 💵 #MoneySaverGuide #FinancialFuture #MoneyBurners #SmartSpending #BudgetingTips #SaveMoney #FinancialWisdom #MoneyManagement #FrugalLiving

Unlock Success with Your Friday FIT Tips – May 31, 2024 Boost Your Real Estate Success: Never Give Up! In this Friday Fit Tips video, we discuss the ever-changing real estate market and how to stay motivated despite its challenges. Learn how to overcome inventory shortages, perceived high rates, and fierce competition. Plus, get valuable health tips on fasting for a better and healthier lifestyle. Don't miss out on these secrets to success! #RealEstateSuccess #MotivationMonday #RealEstateTips #FastingForHealth #HealthyLifestyle #OvercomingChallenges #FitFunding #SuccessSecrets #StayMotivated #NeverGiveUp

According to GfK - An NIQ Company, the Consumer Confidence Index dropped by 9 points to -30 in October, indicating a gloomy economic outlook. (You can find the full report here: https://lnkd.in/gy3Rk6eG) So, what does this mean for businesses in the leisure and entertainment industry? Despite economic uncertainty, people still want to enjoy leisure activities. However, it's important for businesses to be adaptable and consider their pricing strategies. Join Pearson Ham Group Director Tom Wells and Consultant Karim Serhal as as they explore how innovation can help businesses increase revenue, even when consumer confidence is low. Read our full article here: https://lnkd.in/ewKMg3tC #pearsonhamgroup #consumerconfidence #consulting #pricingstrategy

With a declining economy, it’s tough to feel financially secure. Speak to an expert to set your future up for comfort, if not luxury. #nationalfinancialawarenessday #financialfreedom #financialexperts #financialfreedom #financialadvisor

It's Good to Have a Saving Habit, but Sometimes It's Okay to Spend on Luxuries 💸 While we are flooded with Finfluencers always saying, "Don't buy a car, don't buy a home, don't buy an iPhone, don't buy this and that," I'd like to share my take here. In the pursuit of financial stability, cultivating a saving habit is undoubtedly essential. It lays the foundation for a secure future and provides a safety net during uncertain times. However, it's equally important to acknowledge the value of enjoying the fruits of our labor. While saving diligently is commendable, denying ourselves the occasional luxury or indulgence can lead to a sense of deprivation. Treating ourselves to something special once in a while can rejuvenate our spirits, reward our hard work, and enhance our overall well-being. Remember, life is about balance. By striking a harmonious chord between saving and spending, we not only fulfill our responsibilities but also savor the joys that life has to offer. So go ahead, indulge in that gourmet meal, splurge on that designer item, go on the vacation you always planned or dreamt of or treat yourself to a relaxing getaway. Just ensure that it aligns with your financial goals and brings you genuine happiness. #FinancialWellness #SavingHabits #LuxuryLiving #BalancedLifestyle #TreatYourself #FinancialBalance #CMASuccess #ManagementAccounting #CareerGrowth #CMAJourney #SubhamCMAUSClasses #cmausa #success #Jobs #Finance #accounting #CMASuccess #CMAJourney #CareerTransformation #Perseverance