They always say invest in funds, spend less, dont take debts..

But it mathematically doesn't make any sense to me.

Lets say someone: 1. makes 20k a month in teir 2 india 2. spends 15k 3. invests 5k in low cost index funds. 4. salary increases by 20% each year 5. Inflation 7% (conservative)

What will his assets be worth after 10 years of 14% compounding?

Without accounting inflation -> 13,10,457 With accounting inflation -> 6,66,170

What the f**k will he do with 6lakhs?

What about the kids? What about his wife? Who will pay for them?

And i havent even accounted for other big expenses like marriage, vehicles, etc.

This is why i think rather than focusing on picking stocks, arbitrage trading, or whatever the f**k new investment opportunities there are, we should focus on:

INCREASING THE INCOME

thats much easire than beating the market with your 3,000 investment in a small cap company

Charlie munger says this so well:

"Beating market is so hard, people's follies come is way, instead what you should be focusing on is becoming good at something you do and invest in yourself"

By "invest in yourself" he meant invest in skills that will make you more money.

"But its so hard to make money"

For this, i will quote charlie munger again- "why should making money be easy?"

I know india is just not a meritocratic country, you dont get what you deserve, you dont have much companies that pay a lot, you have high taxes and no benefits, you have parents to send money to, you have desires too- like having a good marriage, having a good car, good phone, etc.

But thats ok.

I think we should focus on things that are in our control... Most arent, i know, but some are.

I am writing this because i have been through a phase where i had to work while doing college cause of covid and my parent job loss i didnt made that much money and , and now i make good, and things look better..

And this was only possible because i invested in myself and took skilled courses, personal mentorships.

This motivates me to make more for my future generation.

This is just a post to remind everyone that INPUT is more important than the percentage gain of your investment. That is the way it has always been.

But these gurus are just exploiting our desires, they tell "if you invested 10k in nifty 30 years ago you would have..."

Just shut the f**k up. Please.

They talk about "financial literacy".

What about actual literacy?

Why shoud i invest in your "low cost index fund"?

When i could just get a specialized mba? Even from a teir 2 clg that would definately give me more return than your index fund.. even if i took debt to pay the fees.

P.s. that "someone" i gave example of, isnt me. And, i am not against investing. I invest myself.