Finance Influencer Suggests Not To Buy A Car And Invest Money In SIPs, Gets Roasted

Nowadays, financial advice is one tap away from us with the help of social media and this breed of influencers has been given the nickname “finance bros” by the netizens. Starting SIPs to building a striking portfolio, they often suggest various ways to grow your idle money that give you future financial benefits. One such influencer on the social media platform X (formerly Twitter) faced backlash instead of appreciation.

Influencer faces backlash from netizens for a tweet about SIPs that is doing rounds on the internet

Sometimes the advice given by finance influencers on social media may seem flattering and easy but is actually disconnected from reality. One such advice given by an influencer is gaining traction for being out of touch with real life.

A Twitter user, Sourav Dutta, who goes by the username @Dutta_Souravd, is facing backlash on social media for a tweet that many considered disconnected from the realities of life. He advised, that instead of getting a car on EMI, a person should invest on SIPs as it will have a better economic inflow in the future, whereas the car’s value will depreciate over the years.

Here is the tweet,

₹20000/mo is the 5 year EMI of a 10L car for Ravi.

Instead, Ravi puts ₹20000/mo for 5 years in Nifty ETF SIP.

First decision gives him a car worth ₹4L in 2030.

Second decision gives him ₹17L of bank balance in 2030.

Life is about the choices we make.

— Sourav Dutta (@Dutta_Souravd) October 15, 2024

However, instead of getting praised for his advice, Sourav was faced with severe criticism by the netizens who didn’t fail to highlight the importance of a car, especially in case of an emergency.

Here are some of the responses by the netizens that caught our eye

Don’t listen to finfluencer…
Cost of a car: 5 L
Petrol monthly: 18K
Taking your relative with heart attack @ 2am in your car and making it in nick of time: priceless

Finfluencer can not put a number on emotions and emergency, so they ignore. https://t.co/cRqSHIKFpF

— Sarthak Rastogi (@sarthak_ras) October 17, 2024

ye chal kya raha hai. Car mat lo, ghar mat lo, shadi mat karo, honeymoon mat jao bachhe mat karo …

Dharti pe janam kahe liya bhai. Bade mushkil ye Manav jivan Mila hai ..SIP se fursat mile to thoda life ko bhi enjoy karlo bhai.. https://t.co/gBjw4UqtBO

— Trendmyfriend (@Trendmyfriends) October 15, 2024

Considering Ravi never wants to have convenience and only wants to reside in a place where OLA/Uber exists, wait for hours when it rains, and not got out at night/not go to places from where he won’t get a ride back.

Seems like a perfect plan for Ravi.
I would never want to…

— Abhinav Baldha (@abnvx17) October 15, 2024

Absolutely!
After all, life’s best memories come from spreadsheet projections, not road trips!

— Shikhar (@ViewFromShikhar) October 16, 2024

ye chal kya raha hai. Car mat lo, ghar mat lo, shadi mat karo, honeymoon mat jao bachhe mat karo …

Dharti pe janam kahe liya bhai. Bade mushkil ye Manav jivan Mila hai ..SIP se fursat mile to thoda life ko bhi enjoy karlo bhai.. https://t.co/gBjw4UqtBO

— Trendmyfriend (@Trendmyfriends) October 15, 2024

Ravi depends on Ola to commute to office. But one day, it rained and Ola was not available.

Ravi loses a project worth of 20 lakhs because of this

Ravi is thinking about the choices he made

— Vamsi Gunturu (@funny_foobar) October 15, 2024

Today the cheapest car Maruti Alto is 3.99 lakh ex showroom base model in Delhi. This itself will cost around 5.25 lakh in 2030. No car will be worth 4 L in 2030

— Krishna Pophale (@krishnapophale) October 16, 2024

Life is also short for some enjoyment

Look beyond Sip and market returns.

And enjoy life for yourself and for the family you got.

— alisurti_ (@alisurti_21) October 15, 2024

Yeah and what about the Rising cost of Vehicles ?
The same car would cost him almost 15 Lakhs On Road 5 Years later

And till that time the guy would be paying money to Ola Hu Uber

Also the Vehicle is not only about Investment , its a feeling .
Your parent fell sick or…

— Vineet  (@_Jain_V) October 16, 2024

Thus, life is not just about spreadsheets and making and growing money but taking time out for yourselves and living in the moment. Thinking and being prepared about your future is a good decision but living in the future while neglecting your present is not how it should be. What do you think about his advice? Let us know in the comments.