The news that people are spending ₹35,000 to buy the Coldplay concert ticket,
and you can order your iPhone on Blinkit and it gets delivered in ten minutes
Or you go to an iPhone shop and you don't see the price at ₹1.5 lakh or ₹2 lakh or ₹1.6 lakh You see it as ₹8,500 per month You don't even bother that whether it is to be paid for the next three years, five years or seven years
or whatever So, the problem of this impulsive big ticket spending is that you will not fall in the habit of saving as well as investing And if you don't do that, you will never be able to appreciate the magic of compounding
And for that magic of compounding to work, you need to fall in the habit of saving and putting it to work by way of investing