A tale of two cities

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Kartik Jhaveri:  Feb 25 2013, 01:52 IST
be double of what you need to run just one home in one city. How will you save and invest after this? This is the reason why such corporate executives who appear to live a rich life are in reality quite poor when you see their personal balance sheet.

For some CEOs and very senior executives, the dual life might just be okay because you are perhaps 50+ and so is your spouse and spouse is perhaps busy as well. Your children are in late teens or over 20 and pretty much have a life of their own. You could make some quick bucks and good investments during this time provided you do not buy new EMIs. But please note that a company has just one CEO and few in its top management.

By design of Indian corporate life, if you become unfortunate on the emotional front then by the time you are CEO or someone really senior in the organisation, you will have only your corporate career with all the riches but no family, no life, no one to care for and no one who cares for you. What are you going to do with money if you did not have a family or anyone else to share it with? Worst of all, you do not even have enough money as you have just not saved anything. For some wiser people, at least they may have one or two properties.

The point is, emotionally you are compromising and financially you are

... contd.

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