DON'T RETIRE RICH

Saturday 2 March 2024

**LEARNING FROM MUKESH AMBANI'S SON'S NOT-SO-BIG FAT WEDDING**

 

Anant Ambani's pre-wedding has sent social media into a frenzy with glimpses of the glitz, and glam, and no wonder, it sparked a flurry of articles, social media posts, videos, insta and much buzz.

It surely is damn impressive, to say the least.

Now... before you start budgeting for a Private Jet Wedding on a Private Island, let's unravel a few lessons from this Ambani Extravaganza.

 

REAL PEER PRESSURE:

Ambani's have all the prerogative and right to indulge in the way they want to conduct their family wedding but for mere mortals like most of us... the pressure to replicate at least some %age can be overwhelming, leading to Financial Turmoil.

 

 

**UNDERSTANDING THE TRUE SIGNIFICANCE OF MARRIAGE**

 

Marriage is a sacred union between two individuals, signifying the beginning of a new chapter together. Traditionally in India, weddings are celebrations that bring together two families, symbolizing love and unity. However, in today's digital age, the allure of extravagant weddings showcased by the affluent has reshaped societal perceptions & resulted in BIG FAT Weddings which are used to show off your wealth and social connections.

 

**WEDDINGS AS A PLATFORM FOR EXTRAVAGANCE**

 In contemporary times, weddings have transformed into extravagant displays of opulence.

Destination Weddings,

Royal Themed Weddings,

Beach Weddings

Under Water Weddings (!!)

and even SKY Weddings

Every couple and every family seems to have only 1 motive while planning a wedding... Do Something Different and Do something BIGGER than any other previous events.

 

 

Couples and families often feel compelled to indulge in designer attire, candid photography, exotic flowers, and global cuisine—a trend that reflects the societal inclination towards showcasing wealth.

 

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**THE CULTURE OF EXCESS**

 One of the most concerning and unholy aspects of modern weddings is the trend of lavish return gifts, where hosts vie to outshine one another, often leading to excessive spending, useless stuff, and many families in debt for life.

  


** BREAK FROM SOCIETY PRESSURE**

The pressure to have a "big fat Indian wedding" can be h-u-g-e.

Break from this cycle of overspending and trying to outdo your cousins and neighbors.

1. Set realistic expectations: Don't compare your wedding to a billionaire's. Figure out what YOU can comfortably afford and stick to it.

2. Prioritize, prioritize, prioritize: Focus on what truly matters to you and your partner. Do you care more about the food, the music, or having a fabulous honeymoon? Allocate your budget accordingly.

3. Think long-term: Don't let your wedding dreams become a financial nightmare. Invest in your future together instead of blowing it all on a one-day event.

 

 

**LESSONS FROM THE AMBANI WEDDING**

  Mukesh Ambani, with a net worth now exceeding Rs. 9,60,000 crores spent a modest fraction—approximately 0.14%—on his son's pre-wedding festivities. His approach offers valuable lessons for those prone to overspending on weddings.

In fact, the entire wedding is expected to cost only Rs.10,000cr (Yes, I used ONLY because of the sheer size of Ambani's net worth)

This 10,000cr is just 1% of net worth.

It’s like if you have Rs.1 crore of net worth, you are spending Rs.10,000 on pre-wedding festivities and for the entire marriage only Rs.1 lakh!!

JUST IMAGINE THE SHEER WASTE OF MONEY WE DO ON OUR WEDDINGS

 

**SET REALISTIC SPENDING LIMITS**

 Individuals should cap their wedding expenditures at a reasonable percentage of their net worth. Ideally, wedding expenses should not exceed 1% of one's net worth, with a maximum of 5% in exceptional cases.

 

**PRIORITIZING LONG-TERM FINANCIAL SECURITY**

 

Before succumbing to the desire to IMPRESS OTHERS. THINK!! The wedding is for 1 day, but your financial future is FOREVER. 

 

Make sure your other financial goals are not compromised to spend for the wedding.

A Separate Goal exclusively for Weddings will ensure that long-term financial stability is maintained, and other financial commitments and goals is not compromised.


**EMBRACING FINANCIAL PRUDENCE**

Meticulously plan and start investing in systematic investment plans (SIPs) in Equity Mutual Funds towards funding wedding expenses. You will then be able to enjoy lavish celebrations without compromising your financial security.





WATCH THIS INTERESTING VIDEO ON HOW TO EFFECTIVELY SAVE FOR YOUR DEAR KIDS' DREAM WEDDING
    https://youtu.be/D9_uiMOdTnM?si=QD_vdQVn3PKX8dC5/

 

**INSTEAD OF RETURN GIFTS... DO THIS**

Rather than indulging in extravagant return gifts, consider A GIFT WHICH KEEPS ON GIVING BACK. like the humble equity mutual funds.

Such gifts not only bolster their financial stability but also have the potential to grow into substantial assets for future use.

 

 

**CONCLUSION**

So, to sum it up, while those lavish weddings may turn heads and get tongues wagging, it's vital to handle marriage celebrations with some financial savvy. Instead of using the Ambanis' big day as your spending model, take a cue from how they kept it real within their means.

Let's borrow a page from the Ambani playbook and aim for smarter money moves in all areas, including weddings. By picking up on lessons from events like theirs, we can prioritize financial prudence while still throwing a bash to remember. After all, what really counts in marriage is the connection between two people, not how fancy the party gets.

 REMEMBER HAPPINESS DOES NOT HAVE A PRICE TAG!!

 

BEFORE LEAVING READ THIS…
Ambani's daily income is Rs.225 crores!
So, the pre-wedding rituals cost Rs.1,000 crores is less than 5 days of his income

The Full Wedding Cost of Rs.10,000 crores is less than 2 months of his income
So, the biggest takeaway is
INCREASE YOUR INCOME
INCREASE YOUR NET WORTH
AND THEN SPLURGE LIKE THERE IS NO TOMORROW



Regards & wishing Super Financial Success

Srikanth Matrubai

Author: Don’t Retire Rich

 





All the best,
Regards,
Srikanth Matrubai
MUTUAL FUND DISTRIBUTOR
REBALANCE VOLATILITY CERTIFIED COACH
Srikanth Matrubai, Author of the Amazon Best Seller DON'T RETIRE RICH


You are strongly encouraged to consult your financial planner before making any decision regarding this investment. The views expressed here are the author's personal views and should not be interpreted as a recommendation to invest/avoid.

 
Srikanth Matrubai Author of the Amazon Best Seller DON'T RETIRE RICH

Do read the book and give your valuable feedback and request you to post positive comments on Amazon. https://amzn.to/3cHUM6M/ 

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**LEARNING FROM MUKESH AMBANI'S SON'S NOT-SO-BIG FAT WEDDING**

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