You will come across many people in this world who despite having a lot of money in their bank accounts, believe in living a simple life. This is because sooner or later they realise that it doesn’t take a lot of money for a person to sustain themselves and be happy. They let go of the idea of a materialistic life and live on the bare minimum. Here is a wonderful example.
A man named Rajiv Mehta took to social media to share a video of a simple old man living in a village. This man holds shares of L&T, Ultratech Cement and Karnataka Bank, which in today’s age mints crores of money! Yet, he continues dressing simply and living in a village.
Here’s a look at the video.
As they say, in Investing you have to be lucky once
He is holding shares worth
₹80 crores L&T₹21 crores worth of Ultrtech cement shares
₹1 crore worth of Karnataka bank shares.
Still leading a simple life#Investing
@connectgurmeet pic.twitter.com/AxP6OsM4Hq
— Rajiv Mehta (@rajivmehta19) September 26, 2023
Although Rajiv stated that all his shares combined cost over Rs 100 crore, the CEO of Capital Mind Deepak Shenoy rectified the costs and it is much less than what is being claimed. Despite so, the man still has a lot of money to his name.
Bhai 27,000 L&T shares = 8 cr no?
Similarly 3.2 cr. of Ultratech
10 lakh of Ktk bankIt’s a decent amount still. More power to him.
But please consider blurring his face, such publicity usually doesn’t do good esp for old people living a simple life.
— Deepak Shenoy (@deepakshenoy) September 26, 2023
Several people lauded the old man for embracing simplicity in a world which chases luxury. Here’s how some of them reacted:
From 3.5 crores you can make the same dividend of 6 lacs
— Suresh Nair (@Suresh_Nair_23) September 26, 2023
That’s called the Power of Simplicity, the Power of Compounding over the period & staying away from Panic Sell.
Investing can change the paradigm shift of wealth creation over other factors.
— 🇮🇳Yogesh P Chinchole🇮🇳 – #Nation 🇮🇳 First (@YogeshChinchole) September 26, 2023
There is nothing wrong in leading a simple life, but whether he is enjoying his wealth is important. If not, then his investment and wealth are useless.
— kamal kumar 🇮🇳 (@kamalkumarBJD) September 26, 2023
nice to see the simple man has nice stocks in portfolio.
— ATUL (Investrollo) (@atulrajhans) September 26, 2023
May this man serve as an example for all of us. There is so much to learn from him!