Originally posted by nitin_jagtap IMO the biggest challenge is to lead a more examined and purposefull  life, in terms of what we do, what actions we perform, what kind of thoughts come to our mind, what habits we inculcate, what kind of life style we lead etc etc ...once we are able to answer these questions to ourselves in a sincere way .....all other things will fall in place.

What can i say?

Basically we have to know what we need and want and also understand our own selves which is the challenging task.

Best wishes,

JM

Originally posted by smartcat .... So if I make big money, I .....

And then there was this here:

Now I just calculated that, since 2001, my networth has increased 337 times (CAGR of 107%) in the past 8 years through business income & stock market investments.

Janak, by the time this discussion ends, I think you'll be a reformed man again - that is, you will buy three 52 inch LCD TVs with Bose amplifier and home theatre system!!

Originally posted by smartcat Janak, by the time this discussion ends, I think you'll be a reformed man again - that is, you will buy three 52 inch LCD TVs with Bose amplifier and home theatre system!!

Dear Smartcat,

    I already have 36 Inch High Definition LCD Panasomic TV and other one is again big flat samsung TV. Actually i tried to edit my post! But cud not. There was a typo.   So the correct one is this:

What is the use of earning and then NOT spending at all.

Warren has said something like this: it's like saving s** for the old age.

So i hope u r now pleased with my stand and the corrected post.

I do not intend to make and save like Warren or even C M Sampat or for that matter anybody. We all have our likes and wants. I spend a lot each and every month. Most of my expenses r for my kids edu and reading material for my own library.

I also take three holidays every year and go to Mahindra Resorts.

Mahnish Pabrai had recently said which was something like this: Nan** aye hai, Nan** jayendge. So what is the use of accumulating beyond what we need? Why not enjoy? One life!! Why so serious?

My cousin is in the biz of selling the most expensive music systems in India. I have seen and heard those speakers but have not really felt any need to buy those.

I do not have Bose, but have Creative speakers system. Good enough for me.

What i meant in past was this: Do not ruin your health in trying to collect wealth and then spend all that wealth in trying to recollect the lost health.

I have seen few people with many crores chasing money with no end in sight. In process their lives become shallow. The relationship that they have is based on the monetary transactions.

I am of the opinion that there is much to life than just making money and accumulating. I have made money just to buy me a freedom.

I have been poor in past and know the value of money. At the same time, i wud value my health, reputation, happiness, peace of mind and relationship much more than money.

I hope i am clear in posting my views here.

Best wishes to all,

JM