Category: Miscellaneous

15 Jan 2023 07:41

Joined:	20/04/2018
Level:	Gold
Points:	55771

Points:	5

Why are we always in a hurry?

Since the youth in the age group of 21 to 35 dominate the economic environment in India, they are always people in a hurry. Even today, it is not uncommon for one to observe how impatient most of these people are. At 28, when they are just married, they would book a flat for 50 lakh rupees, assuming that the salaries of their wives would make up for the EMI. When the going gets too hot in the office, they would become even more impatient.

Either side, their parents who would be at least 64 years old, would have advised them against such adventure. The Covid menace should have taught them lessons. Except in a few cases, where the good investment has been on taking up the new skill-oriented courses, a vast majority were always thinking that they would get very high salaries. Today, the salaries are not raising to the expected extent.

The basic problem is that we are always in a hurry. We never stop to even think where the decisions taken in haste will land us in. We do not even know that the world is so complex and being debt free or living with almost nil debts is the best route to happiness.

The 80 plus generation, still alive today, would teach us tremendous lessons. We just need to listen to them. They are the generation that have seen it all. Let us wake up at least now.

#768787

15 Jan 2023 18:15

Joined:	02/06/2009
Level:	Diamond
Points:	145553

Points:	5 (₹ 5)

Why should we think that they are in a hurry? The building costing 20 lakh rupees 5 years back is costing 50m lakh rupees today in Hyderabad. Rates are going up and if we postpone purchasing now a house or an apartment we may have to pay more. So we should purchase now. But we should see what will be EMI we can pay without suffering from our regular expenses. So wife and husband should assess their income and expenses and they may have to stretch a little. That is always a better option.

But one problem I have noticed is that the younger generation will not fix a limit on the cost of the building. They never hesitate to take a higher quantum of loan and at the same time, they are not able to control their daily expenses also. There only the problem starts and they never hear the advise of elders.

drrao
always confident

#768800

15 Jan 2023 21:32

Joined:	10/12/2016
Level:	Diamond
Points:	109190

Points:	5

Young people are too ambitious today. They want all materialistic facilities today even if they have to take a loan for it. They do not have any patience in their lives and cannot wait for a few years to have those facilities from their savings rather than loans.
I remember a story by L. Tolstoy in which a greedy person tries to run faster to grab a large stretch of land before sunset as per the condition of the offer but dies on the way due to exertion. The moral of the story is that having too much greed and ambition for assets sometimes results in disasters.
Young people must understand that asset and wealth creation is a gradual process and cannot be achieved overnight. It takes time in making a career and creating wealth. A time comes when money in hand can be conveniently used for acquiring the needful item. What is the use of making a hurry when thing is going to happen in a stipulated time?

Knowledge is power.

#768804

16 Jan 2023 06:16

Joined:	25/11/2014
Level:	Diamond
Points:	43292

Points:	5

The young generations are impatient since they want to have the entire materialistic assets immediately without calculating the source of its availability. It might be due to easy access of the loans provided by the banks to take care of their dreams. If they want to have flats amounting to Rs Fifty Lakhs, no problem, it would reach them instantly but the banks would examine their job status. Loans are there to purchase every thing, be it a car, a fridge or any material they want.
They are impatient because they want to have their dreams realised immediately and nothing should come as an obstruction in its fulfilment. Though there parents are there to guide them how best they can have all such possessions one by one with time. They would not hear such advice even though their parents have seen so many odds and they can better guide them. They need even patience to hear them.

#768829

16 Jan 2023 20:12

Joined:	04/05/2009
Level:	Gold
Points:	31278

Points:	2

Hurry is becoming common in many people in the present scenario. Many among us in the thought of time consciousness. Very calculative in all respects the are going to a place without giving margin to others facts and rushing and running in hurry.

#768871

18 Jan 2023 20:17

Joined:	19/06/2011
Level:	Gold
Points:	87960

Points:	7 (₹ 7)

It is this hurry and risk-taking attitude that is the sign of active youth. Without risk, there is no return and progress. Families, society, and the nation need energetic, ebullient, and enterprising youth.

However, taking risks blindly should be avoided. Young people should take risks; to use a stereotyped term, take 'calculated risk'. That is, they should evaluate the pros and cons of their prospective financial or career, family or asset-related attempt. In this, they can take the help and suggestions of their experienced parents or experienced elders in that field. Then evaluating the total risks vis-a-vis future gains and also considering the advantage of age they should take the attempt.

If young people are to avoid risk totally, they cannot progress. The proper way is to consider all sides of a matter. Then knowing and evaluating them, understanding the risks, and putting in place risk-mitigating plans, if needed, they should go on.

Youngsters should be in hurry(but careful about dangers too, and with a roadmap) and also should be ready to take reasonable risks too, without being blindly dashing or leaping.

Why are we always in a hurry?

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