"Networth" has always been a concept in the society. "Aukat" word sounds familiar to you?

Product Manager

Just saw a retard on X/Twitter saying how 1000 cr wedding for the Ambanis is justified because the spending is 0.01 percent and of their Networth 😢🤕  Have a feeling that in future people are gonn...

Welcome to Personal Finance's Private Community

Just saw a retard on X/Twitter saying how 1000 cr wedding for the Ambanis is justified because the spending is 0.01 percent and of their Networth 😢🤕

Have a feeling that in future people are gonna throw this "Networth" around frequently while taking serious life decisions 

Want to know how approximate can it be for a Salaried individual

Can someone explain how personal "Networth" is calculated

Software Engineer

Can someone explain how personal "Networth" is calculated- Grapevine

Welcome to Software Engineers's Private Community

Mine is 6 Crore/Age 43. 
Do reply with yours...

Mid Year Net Worth Check

Machine Learning Engineer

When Grapevine says 1% of India's Top professionals, does that mean I should earn 53LPA 🥹

Consultant

I know it's not a big amount, but felt like announcing this. Here's my nw breakdown-

FD/Emergency fund: 5L
MF/stocks: 1L
Sitting around: 4L (can't get myself to invest it, the market seems very overvalued. Will try to invest this in small chunks over a duration)

Next target is 50L, it'll take much longer than this 😭

Reached 10L networth

Pls tell me what to do to accumulate this much money

How can ppl afford a Patek Philippe watch?

Milestone crossed 1M USD combined networth (~9.15Crore Household Net-Worth)
46 M (Software Engineer/Founder) + 37F Wife (Lawyer) + 1 Kid (3 Year Old) based out of Delhi.

So last week me and my wife finally reached this milestone, >1M USD networth. Here is our portfolio. I hope people here can recommend what I should do next.

This chart was made by our Wealth Manager.

Rough Net Worth Breakdown:

1. Provident Fund and National Pension Scheme (EPF + NPS): 1.1 Cr

EPF: 75L
NPS: 35L

2. Savings Account and Fixed Deposits: 20 L

Savings Account: 12L
Fixed Deposits: 8L

3. Mutual Funds (MFs): 3.8 Cr (Breakup Below)

Index Funds: 25%
Mid Cap: 15%
Contra: 10%
Small Cap: 20%
Flexi Cap: 30%

4. Fixed Income: 1.3Cr

FDs: 50L (Spread in segments of 5L across 10 banks)
NCD/Bonds: 80L 

5. SGB (Gold): 80L

6. Crypto: 46L

Bitcoin: 35L
Solana: 6L
XRP: 3L
other cryptos: <1L

International Investments: 1.49Cr
QQQ: 30L
NVDA: 32L
AAPL: 28L
AMZN: 33L
GOOGL: 26L 


We may get a good inheritance in the future, ~8Cr from my parents + ~15Cr from my wife's parents, but we are not planning on that. 

Our primary goals are education for our kid(+planning another 1), their marriage, 2x vacations a year(1 domestic+1 abroad), a decent lifestyle, and a good car(we have a SKODA Slavia right now, planning an SUV as we are extending our family).

Please share your financial journey and any advice, we look forward to reading your comments.

Reached 1M USD networth in India 🇮🇳

Wow. Congratulations man. 
Tell us more about what seniority, what kind of company you're at.

Also, 23 Cr inheritance? You must already have been very well off.

Corporate Strategist

Founder

Networth = All assets (property, equity, debt, gold, etc) - All liabilities ( loans, credit card dues)

What's your approx networth? (Mega 🧵)

Program Manager

The last I saw, to be in top 1% individual in terms of wealth, you needed to have assets worth $77k. This is from news article of 2020. Sharing link here - 
https://timesofindia.indiatimes.com/business/india-business/this-is-what-it-takes-to-be-in-the-1-around-the-world/articleshow/74057315.cms

Now, based on new data, you need to have assets of around $175k. Approx 150% rise in 3 yrs! Link for the same -
https://www.moneycontrol.com/news/business/real-estate/indias-ultra-wealthy-population-to-surge-58-4-in-next-five-years-knight-frank-10605531.html


Is anyone here in top 1%?

What it takes to be in Top 1% of India

What tools are available for one to calculate/view their networth at one single place?

I'm talking about things like

Funds in saving bank account
FD and RDs from all the banks
Mutual fund investments
Stocks, domestic and international 
ESOPs 
EPF 

There are many more things, 
Am I the only one or anyone else has thought that this is necessary? 
Do you track them currently, if yes then how? 

I feel a strong need for a single app to be able to track all of these

How do you calculate your networth?

1 Cr net worth in Bangalore; Ask me anything

For those who are planning for FIRE. Share your-

1) FIRE net worth
2) Target age to achieve FIRE
3) Current age and YOE
4) Current network

FIRE

I'm in tech and making 10 LPA (1 YOE ).

What are some of the investments I should do to able to make 10CR in 10 years?

What all sacrifices need to be done to achieve this target while living a decent lifestyle?

Ambition of 10CR

Welcome to News Discussion's Private Community

Pre-wedding was just, just, just 0.16%

Growth Manager

It would be great if you can add more. details to the net worth.

Age, net worth thread

Just saw this screenshot showing how many salaried and business people contribute to ITR

All points aside ,who are these 15-16 people who have 100 cr+ salaries 
Mind blown!!!!😳

Who are these people with 100cr + Salaries?!!

Okay, this post is not for any comparison but genuinely want to get insight on where do i stand in terms of saving among the corporate employees. 
I will go first. 
Age :28
NW : 65L

What's your net worth?

5.75 crore including flat . Not including car or jewellery. No loans or emis or debt of any kind . Age 41

I wanted to share my Net Worth as per INDmoney, and understand how I compare with the others here. 

The goal is to reset my goal after looking at people doing better than me, and provide some guidance to people that might be aiming to reach their own goal. 

Total YOE- 6
CTC- 34LPA (since last month)
SIP- 70k (MF) + 30k (stocks)
Investing since- Jan 2020
First SIP value- 15k

Let me know where you all are at, and if you can share some insights to help improve mine

Net Worth- A healthy comparison

So many people with multiple houses, high end cars.. when they mention such statistics are they even considering total wealth or inheritance?

Earning 50LPA makes you top 1%, seriously?

I see people here showing of their networth more than often. The stocks they have, the salary they draw and with their very little experience and young age. 

Please let’s not make it another bragging platform.

Let’s get real. I’m putting out my story.

I got laid off, got a job after 2 months. Quit the job within a month as it needed me to relocate immediately (which was earlier supposed to happen after 3 months) plus I figured they had a very toxic culture (which I could figure before joining, but beggars can’t be choosers) 

I have 2 months of runway with my savings
I’m married. Wife is also on a break currently.

Current networth?
(-)16 lacs.
Have loans worth 25 lacs which will be over in next 5 years.

I have been a generalist all my life, and I figured post all this layoffs that no matter what you do, how much you put in, at the end you’ll just be a Number for the company and at times of difficulty they’ll lay you off. 

What am I thinking next?

To find freelancing and consulting services along with a job which will just be required to pay my fixed monthly expenses and have my peace of mind and on the side build things what I really love and enjoy.

Will experiment the one or two ideas I have, if there are good responses and feedback and I sense a demand, will scale it up else move on to the next one.

I don’t want to retire ever, I want to keep working till my last breath, but a work I love doing, a work that will always let me have my peace of mind. I don’t want to make a billion dollar company, but something that gives meaning to things I am passionate about and people can connect themselves with.

P.s: I’m Not an Engineer 🙂

Would love to hear real stories from you! Put down your current situation, what are you planning, and what are you passionate about.

Don’t make Grapevine the next LinkedIn!

I have heard this statement may times. As a 27 year old how do I actually calculate my net worth?

Can someone explain how personal "Networth" is calculated

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