Bugs Uncle, everybody’s favourite ‘idiot’, wants you to think about your 70s in your 20s
It was 2012 when IDFC Mutual Fund introduced you to Bugs Uncle – the rubber chappal-wearing, vendor-haggling ‘society uncle’ and secret crorepati in the movie ‘One Idiot’. Since then, Bugs Uncle has inspired, motivated and educated many young Indians about financial planning! He transmitted financial wisdom in his fun and quirky style to change mindsets about savings and investing (and even cooked the youngsters a good meal).
(If you don’t know what we are talking about, do watch the movie here.)
Almost five years later, Bugs Uncle is back with a riveting financial message yet again. This time, his mission is to change your outlook towards a very vital aspect of your life, but one that you don’t give much thought to – old age. Essentially, he shows us how to retire rich and be self-sufficient. The first step is to invest a few minutes of your time on this video. It’s worth it.
We’re all too familiar with the scene in India: dutiful parents do everything they can (often sacrificing a lot) to ensure that their children have better education and opportunities than they did. As children grow up, they have their own priorities and, in some unfortunate cases, parents aren’t one of them.
India is one of the youngest countries in the world today, and if you’re in your 20s, 30s or 40s, you will be one of the 30+ crore Indians who will be ‘old’, three decades from now.
With the absence of social security and a shifting tendency towards nuclear families, the onus is on you to save and invest today to ensure that you have the happy and comfortable retired life you’ve always imagined.
We leave you with Uncle Bugs quoting the Warren Buffett classic. “Don’t save what’s left after spending, spend what’s left after saving.”