dear il friends, EMI (Equated monthly instalments) is the most popular word in the world in this mod world.There are times when people even would hesitate to utter the word 'credit'(kadan).Our fathers and grand fathers bought homes only at the age of 40 that too with their savings as major share. Today while talking to my friend,she told about the people going behind the credits to upgrade their living conditions in us. Emis for everything(house,car,sofa,fridge,tv.......foreign travel,even for investing in shares..list is too long).Emi for house is ok because we are buying an asset worth of which is more than the debt. Now people settle at the age of 25 with house,car,all luxuries(everything on emi).If a man sees his friend going in a bigger car,he immediately sells his old car to buy a new one bigger than his friends car. your value is decided not on the basis of your personal values but on the basis of your standard of living. This trend has reached its peak even in india.Are we going on the right path. Dear friends share your views on this.