The couple has two kids, with the husband working full-time and the spouse balancing part-time work
India’s excessive value of residing poses vital monetary hurdles, even for profitable professionals. In metro cities like Chennai, hovering business charges, crippling EMIs, and mounting day by day bills make wealth creation a frightening activity, regardless of spectacular expertise and laborious work. That is the rationale why the aspiration of homeownership stays an unattainable dream for a lot of. Just lately, Chennai-based monetary planner D Muthukrishnan shared a narrative of how a profitable couple, with a mixed earnings of Rs 1.5 lakh per 30 days, is unable to personal a house.
In a tweet, he shared that the physiotherapist couple resided in an upscale Chennai neighbourhood. The couple has two kids, with the husband working full-time and the spouse balancing part-time work with childcare obligations. Their mixed month-to-month earnings stands at ₹1.5 lakh. Notably, the physiotherapist costs ₹500 for a 30-minute session and in addition runs a clinic, incurring commercial-rate payments and taxes.
”Being a clinic, proper from electrical energy costs to property tax, all the pieces must be paid at business charges, which is excessive. After EMI and all bills, they collectively make Rs 1,50,000 a month – say husband Rs.1 lakh and spouse 50k a month. I am speaking a couple of profitable skilled couple in a metropolis like Chennai. Incomes cash and creating wealth may be very tough in India. They dream of proudly owning a house someday. Even for individuals like them, it is a dream,” the tweet learn.
See the tweet right here:
I stay in a complicated space in Chennai.
There’s a profitable physiotherapist couple in my space having personal clinic, paying EMI.
They’re in late thirties.
They cost Rs.500 for half-hour of their time. The husband works full time. Spouse works just for few hours a days as she has…
— D.Muthukrishnan (@dmuthuk) October 7, 2024
The story sparked a dialogue within the feedback part, with many reflecting on India’s socio-economic challenges.
One person mentioned, ”It is a robust actuality, particularly in metro cities. The price of residing vs earnings hole is widening, and it appears like regardless of how laborious you’re employed, proudly owning a house stays a distant dream for a lot of in city India. It is a wrestle shared by numerous individuals throughout cities.”
One other commented, ”Superbly put. We’re a GDP wealthy, per capita poor nation.”
A 3rd mentioned, ”Educated white-collar employees who do not reduce corners and pay legit charges (earnings, electrical energy, GST) haven’t got an opportunity in hell to earn and create generational wealth. It is a unhappy actuality of our present existence.”
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