The Guptas, who are in their early thirties, work in top multinationals and have a joint income exceeding Rs 50 lakh per annum. They spend only Rs 15 lakh in a year (including rent) and save the balance. Despite an eye-popping 70 per cent savings rate, their existing investment corpus was intriguingly small. They explained that most of their earlier earnings had gone into paying off a family liability. The Guptas were now in a tearing hurry to create enough assets to be financially independent in the next 10 years, hence the frugal lifestyle.
As a part of our structured life
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
