Archive · 24 Jul 2025
Financial 'Mistakes' Worth Making, According to CTO
Sometimes, things we buy, like a house, car, or phone, seem expensive.
But, according to a CTO, these can be good decisions.
Buying a home gives you a sense of belonging.
A car gives freedom.
To make sure you can afford these, try saving the same amount of money as the payments first.
It helps to align your spending with things that are important to you.
Also, try to make more money when you buy these things.
The best way to be rich is to live a meaningful life and to know how to pay for it.
CTO Shyam Achuthan suggests that some financial decisions, like buying a home or car, can be worthwhile despite seeming like financial mistakes.
Achuthan argues that emotional wealth and the sense of belonging or freedom gained from these purchases can outweigh financial costs.
He advises balancing aspirations with financial awareness, such as buying a used car to avoid steep depreciation.
Achuthan suggests simulating EMI payments to assess affordability before making large purchases.
The article emphasizes aligning spending with personal values to transform financial choices into meaningful life decisions.
- Who
- Shyam Achuthan, Founder and CTO at TunerLabs.
- What
- An analysis of whether certain financial decisions are worth making.
- When
- Not explicitly mentioned.
- Where
- Not explicitly mentioned.
- Why
- To determine how emotional well-being can impact financial decisions and when those decisions are worthwhile.
Traditional Financial Advice
CTO's Philosophy
Spending vs. Value
Traditional Financial Advice
Avoid purchases that depreciate.
CTO's Philosophy
Consider the emotional value and life impact of the purchase.
- Expert
- Shyam Achuthan, CTO
- Company
- TunerLabs
- Main Idea
- Emotional wealth can be worth the cost