Three years back, i did this social experiment. I had 30% in debt and 70% in equities. My projection was ,I will survive for another 5 years without any earning and let me pursue my passion. But once your money started diminishing fast, your level of confidence goes on toss. Within 7-8 months, I started earning again. All these calculations doesn’t work till the time every month you clock atleast something in your account. Fixed steady income is must for early retirement. It may be rental income or some other side income.

I agree. Last year, on paper I had 1 year of funds but by 4th month the anxiety kicked in bad.

Consultant

Exactly and when you have family ,this gets double upwards.

Engineering manager

My target is to reach this month end (somehow) 🥹

Software Developer

Senior software engineer

DevOps Engineer

As long as parents don't kick me out I'm sorted lol

Generalist

~15 years at current expense (around 1lpm)

Software Engineer

Civil Engineer

Senior Associate

Bro whatttt!! Can you share your asset allocation

Cloud architect

You should’ve targeted a specific age group in your question @BiryaniEnthu.  
 I’m heavily invested in real estate and equities and won’t be able to go beyond 2 months without liquidation my assets.  
 But even if I stop investing today, my net worth will easily surpass $1 million in next 15 years.

Agreed but I see a lot of younger gen planned well on funds while older are still struggling. It was something I wasn't expecting

So your current valuation is nearly 1.5cr ? Had to spend 3 mins calculating it . Why couldn't you say that itself?

Technical Writer

1 yr easy, but I also know it's not enough for my anxiety

Analyst

Lead engineer

13 years 
 Expense- 1LPM 
 Inflation- 7% 
 Portfolio return- 10% post tax

Strategy & operations

“Mai kal ki chinta nahi krta, meri fati padi hai parso ko leke”

Product Manager

Staff Engineer

12-15 years, not looking for FIRE anytime soon😂

A little over 5 years. 2 years liquid + 3 years Equity + Debt.  
  
 The point a lot people made about anxiety kicking is in true, been there a couple of times where I had to pitch into my savings between jobs. 
  
 I realistically consider I have an year of Runway, because the moment I run out of the first year, the anxiety will start kicking in. Dilution non-liquid assets, is worst case scenario backup.  
  
 I like to keep a large funds liquid, because it just helps me sleep better at night v/s invest it somewhere.

I don't think I can go even one month without salary as I can't able to save anything significant.  
 Also I don't have plans of retiring not today or tomorrow even if I had ample amount of money as I like earning money.

Welcome to Personal Finance's Private Community

At your current financial status, how long can you go without your salary?

At your current financial status, how long can you go without your salary?- Grapevine

I have a runway of about a year. 
22 LPA, 2 Yoe. 

Can pay rent & home expenses, groceries, subscriptions, 
Lifestyle  - Breweries, 2 trips, cult membership & protien shakes
Family - Can give gifts & cover current medical costs.

If you stopped earning, how long will you be Financially Independant for?

Welcome to IT Company Discussion's Private Community

If you resign today without any job or any plan, how many months/years would be able to survive at the current burn rate (monthly expenses) ?

How much runway do you have ?

Let's say you decide to take a career break or are laid off, one of the biggest shocker is to not receive salary at the end of every month How do you deal with it and what are the income options you tap?

No salary- Other income options

Business Development Manager

Welcome to Indian Startups's Private Community

I work in a slowing industry (Ed-Tech!) in a generalist role (Project Management!) for half a decade now! You'd think I would be better positioned to deal with life! Heck, NO! 

This crippling feeling of insecurity or job loss always puts an extra stress on day to day life. I couldn't take any risks in terms of a house or a car or a big EMI purchase in life! 

What if I get laid off? Will this generalist role help in landing anything next? Do I need an MBA for that? Switching to any specialized roles will take extensive preparation with time being in short supply with family and kids! 

Seem to have been strangled in the startup world. Any cure for this?

P.S : Sometimes thinking : Mommy sahi bolti thi. Govt job le leni chahiye thi. :D

How to get rid of layoff fear and feel secure?

Project manager

Welcome to Office Gossip's Private Community

was neglecting my mental health for long time...due to unrealistic deadlines and pressure today got a panic attack at work felt light headed and almost passed out.. currently i am not having any offer in hand so should i quit?.. don't want to my physical health to deteriorate more but i am really confused..not having any responsibility as such..having around 5 6 months corpus and can shift to my home and save more but still that uncertainty and fear is there which is making me miserable day by day

Got panic attack

I come from a poor background, but somehow I worked extremely hard and now I earn decently well (above 60 LPA cash). 

My problem is- 
I don’t mind spending on others. In fact I don’t even think twice before taking my card out and buying things for family or friends. I have also lent money to multiple people when they are in need of help (total close to about 2-3 lakhs). But it doesn’t bother me even a bit. I don’t even care about whether I’ll get it back or not. 

But, when it comes to me, I find myself struggling so much and questioning my decision to buy things even as cheap as INR 200-300. And most of the times I find myself going extra miles to save a few bucks. In fact, I also recently downgraded from a bigger to smaller apartment, because I have been doing so much maths around saving 7-8K a month. 

Maybe there is some part of me that feels that I don’t deserve any of this. 

Anyone has any idea how to fix this?

I find it so hard to spend on myself

Product Owner

Welcome to Software Engineers's Private Community

Currently working in one of the domains where i am not interested in at all. It is literally sucking the life out of me working for 12 13 hours daily sometimes even on weekends..The stress is to much now affecting me mentally literally crying myself to sleep every single day..thinking of putting down the papers but currently having no offers in hand..what should i do??

Leaving the job without any offers in hand

Hey everyone, I am a Junior FE Dev (from my prev work title coz my exp is 1YoE). Have been working extensively on React.JS and Redux. My previous company was great. I was loving it. Sadly a few months ago, I was laid off. I still don't know the reason behind why I was one of the laid off people. Anyway, I moved on from that depression and started searching for a new job from last month. Made it to final rounds in pretty much every interview I sat for. But then got rejected in final round for crazy reasons including "we currently don't have funds to hire you". One of them even said they are on hiring freeze, literally in the final round 🥲. 

Haven't been able to get a job anywhere. I don't know if my skills aren't enough to be hired or is it something else. "What's hot in FE right now ? Like what skills can fetch me a job ?" - Started asking this myself as well as some of my good friends, but they say don't learn skills for getting job, learn it for yourself. Though it's true, I don't have much savings to support myself for atleast a month. So, I have to get into a job to keep myself from going bonkers under the financial crunch that I can clearly see ahead of myself if I stay unemployed in the next 20 days.

Yes, the tech market is in its winter season. I understand that, but I still see there are so many openings in the market for ppl with 1YoE like me and skillset that matches mine, yet I never hear back from them or just get rejected in final rounds 😕.

I'm absolutely clueless on what to do right now. Any suggestions would be really helpful.

Why is getting a job sooo hard these days ?!

Finding it very hard to get a job 😶

is it a good idea to resign without a job offer ?
Lately, I've been in a very bad office culture which impacted my personality poorly. I started having self doubts, problem in my marriage (got married 1 month back but my manager didn't granted me leave so didn't got a chance to celebrate my marriage, not even the honeymoon) , problem with my health (cholestrol level raised severely high), lost 5 kgs, grey hairs and what not. 
so, my mind is telling me to quit the job, take a gap, travel somewhere freely without carrying a laptop and again after 2-3 months , get back finding a new job.
but i am also scared that what if I dont get a job again? what if i dont get opportunity for working with such a big organisation?
what are your thoughts/suggestions ?

Genuine Suggestions only, no tafree 😂

Data engineer

My current job is consuming me completely. I don't get to upskill myself. Therefore, I am stuck in this vicious cycle where I want to leave my organization to work in a better environment along with skilled colleagues. However, to do this, I will have to upskill myself.

Would love to hear your experience if you have been in a similar situation. How did things turn out for you eventually?

People who have left a job without another lined up, how have things worked out for you?

I’m a digital marketing job where my manager was fired a week before. 

Now they have moved me under another person for reporting but he is so bossy and attitudes and mainly he never understands marketing. He is more of an operation guy. 

Life is getting toxic under him as for each and everything need to explain a lot and he gives me random other work which is not relevant to me and takes time.. just after my old manager went, I’m spending like 12-14 hours everyday.. too much off mental stress..

Also the founder believes him more than anyone in company. 

So I’m planning to resign immediately, I don’t have any job offer and so far just giving interview in 2 company’s since last week but I guess it will take more time to get a job as market scenario is not good.. 

I’m ok to take a hit for 1-2 month for now as resigning immediately and just focus on getting a better job. 

So need your thoughts and opinion on this..

Need your opinion - Planning to Resign

Hey all,

I am currently interviewing at a big bank in Dubai(on site)for frontend role but haven’t had any technical rounds with live coding or hard questions on js/react. They will pay me good money. Good means double of what I will get in India and zero tax.

The only good thing is salary as of now.

Should I take this opportunity seriously? Any advice?

About me : Frontend developer with 4 years of experience and about to get laid off this week. 

Thanks

Should I choose a job opportunity just for money

Hi guys,

I joined a crap company just so that I can get some income and not freeload at home and I have been applying for other better jobs.

My plan is if within 2-3 months, I get a better job then I will abscond from here and not show this company in my resume.

I don't want a relieving/experience letter and I don't want the salary or PF. I just want to abscond as soon as I get the offer.

Can the company do something, like legal action, if I abscond?

Absconding consequences

Do share the portfolio size as well.

I’ll go first-

Take home per month- 1.75L (changed to 2.1 right now, but I’ll talk about previous one)

SIP- 70k
Stocks- ~30k if you average on a quarterly basis (smallcase)
Percentage- 57%
Portfolio- 33.5L

Curious to see how others invest. 

Apologies if there is an existing thread about this

What percentage of your salary do you invest?

I am thinking of leaving my current job and focus on myself, getting to know myself better etc. Currently I have enough money saved for my expenses for next 6-8 months. 
   Everyone I have asked about this say don't leave your job if you don't have another lined up, in this tech winter. I understand their view point. It aligns with what my parents think as well.

Is there anyone who has had done this in the past? Do you recommend this route? Are the consequences far too severe? Does anyone have a different opinion from one stated above?

At your current financial status, how long can you go without your salary?

Discover More

FIRE on

by Kendall Hyrum

Unacademy

If you stopped earning, how long will you be Financially Independant for?

IT Company Discussion on

by Kalan Carmden

Stealth

How much runway do you have ?

Layoffs on

by Jordon Hyrum

Amazon

No salary- Other income options

Indian Startups on

by Kendall Lee

Stealth

How to get rid of layoff fear and feel secure?

Office Gossip on

by Jordon Dean

Stealth

Got panic attack

Personal Finance on

by Kendall Denver

Stealth

I find it so hard to spend on myself

Software Engineers on

by Matilda Nadeen

Stealth

Leaving the job without any offers in hand

Layoffs on

by Kendall Nadeen

Series B Startup

Why is getting a job sooo hard these days ?!

Software Engineers on

by Aaron Hyrum

Series B Startup

Finding it very hard to get a job 😶

Office Gossip on

by Jordon Dean

EY

Genuine Suggestions only, no tafree 😂

Indian Startups on

by Kendall Taye

Startup

People who have left a job without another lined up, how have things worked out for you?

Misc on

by Jordon Denver

Jobless

Need your opinion - Planning to Resign

Software Engineers on

by Matilda Carmden

Stealth

Should I choose a job opportunity just for money

Office Gossip on

by Kalan Denver

Stealth

Absconding consequences

Personal Finance on

by Jordon Lee

Sprinklr

What percentage of your salary do you invest?

Misc on

by Jordon Hyrum

Freelancer

Anyone ever left job without having another job lying around for their mental peace?