Investor says people earning ₹2 lakh have ‘spending problem’ if they don’t have ₹1 lakh in SIP
Hindustan TimesA discussion on financial discipline erupted on social media after Europe-based investor Sourav Dutta shared his views on savings and spending. He suggested that those earning ₹2 lakh per month should be able to invest ₹1 lakh in a systematic investment plan and that failing to do so indicates a spending issue rather than an income problem. Another took a different stance, highlighting investment strategy concerns: "If you are earning 2L/m and have 1L in SIP, then you don’t have financial and investment diversification knowledge and are probably following some trader on X." In an earlier post, he argued that individuals with a liquid net worth of ₹50 lakh should be considered “lower middle class.” He even shared a table categorising wealth, stating that those with ₹10 lakh in liquid assets would fall under the "poor" category. Also read: Investor says people with ₹50 lakh ‘liquid’ net worth are ‘lower middle class’
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