How are the people on GV creating their wealth.  What would you recommend someone to who has barely started in corporate and can hustle to build wealth(not just earn salary) so that you can have th...

Welcome to Personal Finance's Private Community

How are the people on GV creating their wealth.

What would you recommend someone to who has barely started in corporate and can hustle to build wealth(not just earn salary) so that you can have the option to retire by, say, 40.

Speak from experience, there is a difference in doing vs witnessing others. Need something that can be done daily/weekly/monthly(discipline).

I know about usual investments like MF, Equity,etc and even Physical and Mental Health. Do you have something you can add to it?

Building wealth early on?

Software Engineer

Building wealth early on?- Grapevine

How to build wealth without MF, stocks, FDs?

UX/UI Designer

Hello community, 

Need help in the decision-making of the money that I have in my bank.
Currently, I have around 13lakhs in my bank account. I dont know what to do with that money. I dont feel safe in stocks and dont know any other options where to invest money.
Help would be genuinely appreciated 🙏.  Thank you

Age - 24.

Investment help

Welcome to Software Engineers's Private Community

How can a salaried man/woman create wealth?
I wonder if I will just continue earning till 60? 
People say create wealth by investing in real estate. Is that true? I don't know how to start investing in real estate.
How do you guys plan to create wealth 🤔 ?

Creating wealth

Coming from Middle class family, I have hardly seen any investment strategy or advice from my parents. But to all youngsters, please start investing early in your career, rather than pushing for new home & expensive cars, iPhones. Don’t need to invest in stocks & trading but start a step-up SIP with 500₹ Small Cap MF, that will support you in long term.

Invest early

Engineering Manager

Folks, what is your definition of ideal salary that can allow you to retire at age of 45 with enough wealth to fulfil your wishes of travelling, buying house, etc.

Building Wealth

Finance Operations

I have been investing for almost 2 years now and have successfully saved >₹10L.
50% is in straight up equity, 25% in MF (equity) and 15% is in gold (bonds and tablets) and the rest is Liquid Cash.

I don't know the way forward now, do I keep doing the same thing? Do I diversify? I have also started to invest in US Markets.

Reached a new milestone 🐛

Hi, assuming this app has India’s top 1%, and assuming some of us amass 5-10Cr by the age of 40/45 - and have a kid thats 10 years old by then, would you want him/her to get in the rat race just like you did or study something along the lines of how to make a 10% return on that wealth per year. If its the latter, whats your approach on teaching this to him/her. We built money from the scratch, but our kids can just take it further along. Thoughts? 

Other way to frame it is - if you were gifted 1Cr at the age of 18 - how would you deploy it to make a return while also growing the wealth.

Wealth creation for Next Generation

Operations Manager

How can a salaried person create wealth?

Hello,

I'm curious about your insights on smart investment strategies for the money I've earned through internships and other sources. How can I make the most of these earnings? I'm open to suggestions and keen on learning from your experiences. Thanks in advance for your valuable advice!

What's the Best Way to Invest Money Earned from Internship and Other Sources?

Help your brothers

I'm in late 20's now. 
  
 To my bro's in their early 20's: 
  
 "Please priorities your fitness. Aim to establish a routine and get into a shape you yourself are comfortable with and proud of."

Growth And Strategy

Security Analyst

Recommendation for MF funds for building long term wealth for retirement or Strategic Wisdoms for creation of wealth through investment.

Build Long Term Wealth through investment

Consultant

The FAANG and unicorn employee salaries for even 2-7 YOE engineers is quite insane compared to the average Indian employee pay in other sectors of the economy.

The average SDE2 at these companies makes 50+ lakhs per year in compensation (not “CTC” but real money) The average SDE3 makes 80+ lakhs which is frankly insane.

What are you guys doing with all that money?

FAANG & unicorn folks, what do you do with all that money?

Giving 34.2% directly and 18-28% indirectly to gormint. My biggest expenses by a country mile.

Security Engineer

Analyst

Need help from you guys. I earn a decent amount of money without having to spend much time.
Now I wish to spend my spare time (say 6 to 8 hrs in a day) to do something fruitful and also earn an extra income. I want to know what is the recent trend, Affiliate marketing, Streaming, ChapGPT, Stock markets. I don't mind spending 2-3 years without any income, but I want to build something that is scalable.
PS - I am from a finance background and work in the stock markets. So publishing research reports on companies is something that comes natural to me. What is the TAM for this. Would you be willing to pay Rs. 5000 for an annual subscription if I publish a report on 12 or 24 small / mid caps in a year. Or maybe IPO research.

Trying to build a business

Finance Consultant

Coming from a middle class struggling family I find it really hard to spend money on rent,buyi g things which can increase my productivity and improve lifestyle,just graduated last year and earn around 1.2lpm in blr,I rather invest my whole salary I'm mf/stocks in this bull run
How can I invest on stuffs that I actually need?

How to start spending money on urself

Data Scientist

Hey folks 👋
I want to utilize this platform to bring everyone to discuss or share. 
What should one involve his/her more time during 24-28 yr span?🤔
I am more interested in knowing where one should spend more time....

Some obv ones - Finance, Fitness, Current Domain..
Isn't knowing basic finace & investing good if you are giving more attention to your domain & not actively investing yourself but via someone or a broker...

What are your thoughts on different aspects?
some useful links or resources would help, too, if someone is actively doing something😁

Thoughts<>Overall

Software Developer

I have always been very intrigued about managing my own finances, never hired a CA till now. 

But every year when the tax return filing time comes I run into the same thought - Am I paying too much taxes, is there a way to plan it better?

wanted to get some information on how are you guys managing your taxes. 

- Do you guys have a dedicated CA? does hiring a CA helps? 

- How do you plan your finances? investing/Saving/restructuring to avoid paying the maximum taxes? 

- Some people setup a side business to set off some recurring losses/expenses to some extent. Does that work in long term? 

- In terms of wealth generation, what is your strategy? How much you are able to invest? What assets are good in your POV?

P.S. - Before someone comes up with you need to pay taxes so India can grow. I understand your POV but IMO, I am not able to get the benefits/infra in return, but I with all my heart believe in India’s growth story.

People with 50L+ taxable income, how are you managing tax planning?

Staff Engineer

People with 50L+ taxable income, how much taxes are you paying? is there a way to reduce that?

Hey everyone, I'm curious about retirement planning and would love to hear from others about their retirement goals. What retirement corpus are you looking at? What is your current financial status and expected retirement age? I'm particularly interested in hearing from those who have already started planning for retirement or have already retired. Any tips or advice on retirement planning would be much appreciated. Thanks in advance!

You can use the following format
Goal/current status/retirement age/current age

My goal : 10cr/2cr/40/30

10 cr  equivalent after inflation adjustment

Early Retirement

Machine Learning Engineer

I’m ready to invest 1L per month. My investment breakup is
30% (₹30000)in stocks (mostly targeting on dividend yield)
20% (₹20000)in Gold
50% (₹50000)in MF 
   -> 30% (₹15000)of this in large cap
   -> 20% (₹10000)of this in Index fund
   -> 10% (₹5000)of this in Small cap

Does this strategy work for wealth growth? Or what other strategy you suggest?

Building wealth early on?

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