Why Your Parents' Money Advice is Keeping You Poor (5 Outdated Rules That Don't Work in 2025)
I love my parents. They sacrificed everything to give me a better life. But their money advice? It's financially destroying an entire generation of Indians. Last week, I had coffee with Priya, a 28-year-old software engineer earning ₹12 lakhs per year. She was frustrated because despite following all her parents' "proven" money advice, she barely had ₹50,000 in savings after 5 years of working. "I don't understand," she said. "I'm doing everything right. I have a fixed deposit, I bought gold during Dhanteras, I even invested in that insurance policy my dad recommended. So why am I still broke?" The answer hit me like a truck: She wasn't doing anything wrong. She was following advice that worked in 1995, not 2025. The Great Indian Money Advice Trap Our parents grew up in a different financial world. In the 1980s and 1990s: Fixed deposits gave 12-15% returns Inflation was predictable Job security was real Real estate was afford...