Plan well Earn Well..

You are a youngster, married , having a child and started off your career by earning a salary of 50000 per month.
You are keen that your son do his MBA in IIM. You have 15 years time. An SIP of 10,000, which is only 20% of your salary, will meet your goal without disrupting your life.
Your boss is earning 1.5 lac per month. He also plans to see his son educated in IIM. But he has only 2 years time as his son is already 16 years old. His SIP value is Rs 90000 which is 60% of his income and after accounting for his EMIs he is left hand to mouth.
You are planning your next holiday in Maldives and your boss is finding it difficult to take his family to Mysore.
Irony of Life.
Plan well, plan early. You will see the results.