Radhika Gupta, CEO of Edelweiss Mutual Funds, recently shared that her financial practices are still significantly shaped by her middle-class upbringing. Gupta talked about her mindful spending habits on a podcast, stating that she still enjoys making small, financially sound habits. "I get excited about 40 rupees coupons on Zomato," she said, expressing how, despite her wealth, she still finds value in small saves.
Although Gupta is now comfortable with her financial security, she admitted that growing up around peers who were more affluent left her with insecurities about money. These feelings took time to overcome, but they have significantly shaped her cautious approach towards spending. This mindset particularly extends to larger purchases, especially luxury items, which she continues to avoid.
“I can’t get myself to buy a luxury car," she explained, noting that she has considered buying one several times. “Every time I get a bonus, I tell myself that I’m going to get a fancy car. But I have never been able to do it.”
Gupta credited this reluctance to her practical outlook on finances. “I think a car is a depreciating asset,” she said, aligning with her professional understanding of value and investment. Despite her ability to afford such luxury items, she remains focused on making financially sound decisions.
Further discussing her investment approach, Gupta acknowledged that, early in her professional life, she once felt self-conscious about not owning some luxury items, but with time, her outlook towards these things changed. “When I graduated from college and people would say ‘Oh, you don’t have a fancy handbag,’ I would feel insecure about it. Now, if people ask why are you driving an Innova, I’ve come to a point where I’m like, ‘my choice, my life,’” she stated, stressing her confidence in making personal choices that align with her values and belief system.
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