The Economic Times

The more you spend, the more you earn: Financial advisor warns against dumping money in SIPs and shares his fathers controversial money advice

Financial advisor Prem Soni shared his fathers unconventional money advice: The more you spend, the more you earn. He argues that extreme saving can make people too comfortable with less and weaken their ambition. Soni says young people should save responsibly but also spend on things they value, avoid lifestyle debt and focus on building active income. Rather than obsessing over saving Rs 500, he encourages asking how to earn the next Rs 5,000.