New Delhi, July 28 -- I recently conducted a leadership workshop where I asked a group of 30-something middle managers, "What is your FIRE number?" FIRE stands for 'financial independence, retire early', and your FIRE number is how much money you would need to retire right now.

What's interesting is that the median answer was Rs.200 crore. That got me thinking about how many people have unrealistic goals, and where else this kind of collective delusion shows up. Let's look at the most common areas.

Investment myths

Another common myth is related to the state of real estate in India. The popular narrative is buying property is a once-in-a-lifetime opportunity, and that there is huge demand and limited supply. But according to PropEquity...