Shenoy: Primary home EMIs do not count as long-term savings
Deepak Shenoy · Capitalmind founder on Financial Independence ft. Deepak Shenoy · Nov 22, 2021 · at 19:16
Deepak Shenoy, founder of Capitalmind, discusses portfolio milestones and explains why home EMI obligations hinder long-term liquid wealth accumulation.
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“So a lot of people have these EMIs, which don't allow them to save. So they keep using those EMIs to buy their house or whatever. And then the house is not really a saving for a long term. You're going to all have that house and that's going to be a house you'll have, but that's not going to feed you know, so unless you sell it and get the money, and that's not something that you're going to want to do unless you're in a distress situation.”
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