With WFH, most  of my salary goes into savings. 😛

Software Engineer

Haha, you can you some other name. I loved Thomas Shelby’s character. <3

Business Analyst

Data engineer

50-60% of total income 🥲💀 I do wfh still

How much do you save each year?

Technical Lead

How much do you save each year?- Grapevine

What is the biggest expense, how much do you save and how much do you invest

How much do you save per month?

Analyst

Product Manager

Welcome to Software Engineers's Private Community

Hi,

I have been working in the Software Industry for the past 9 years. I feel like I have made a good use of my time and money and maybe some of my lessons can help you folks as well. Recently did a calculation for my NW and I am happy and proud to see my NW crossing 2CR+. I have 0 debt and do not own a house. Here is how my portfolio look like

TC: 1.3 Cr
YOE: 9

I am happy to do an AMA. Ask me anything about tech, career, love, marriage, money management, therapy, songs and movies.
#Ask Me Anything #ama #amazon #atlassian #google #startups #bengaluru #networth #money management #finance #india

Sorry if delay in responses, I'll answer all your questions eventually.

[AMA] 9 years in Software Engineering in India. NW 2.5Cr

I see a lot of similar questions and I'll try to answer them here.

>>>>>>CTC Progression<<<<

My current CTC is 1.3CR . 50% is cash, 50% is stocks.

Here is my CTC progression over the years

1st - 12L
2nd - 12L (Switched Companies)
3rd - 15L 
4th - 24L (Switched companies)
5th - 42L (Switched Companies)
6th - 48L
7th - 66L
8th - 72L
9th - 1.3Cr (Switched Companies)

As you can see I almost everytimg doubled my compensation when I switched my companies. But there are reasons to stay at a company as well. If you are learning and are able to handle different problems at scale, stay. When you feel stuck, leave and look for better opportunities. I have never switched job to get more money. I love CS. I have been coding since 15 years. What made me switch was either bad managers, uninteresting problems not visibility of learning and growth.

Welcome to Personal Finance's Private Community

Hi, I am 25 years old and I live in Bangalore. I make around 1.35L pm and I’m struggling to understand how much to save or invest in a month. I understand the 50 / 30 / 20 rule but feel like using 50% of my income on needs is a lot. 

I also do not understand if I should have a different pot for savings (liquid) and investments or if I should be putting aside all my extra money on investments. Also how much is a decent amount to spend on rent + food + lifestyle etc. 

I like living open heartedly but also feel immensely guilty after splurging too much. 

How much do you think I should be saving in a month, realistically?

How much should I be saving/investing in a month

Product Marketing Manager

How much do you plan to accumulate to retire and at what age? What kind of monthly income will let you retire peacefully?

What is your retirement golden number

Investment Banking Associate

Product Owner

started 

2014 : business development executive 
Salary : 7500

After almost a decade of hustle , achieved 1cr goal 🎯

Congratulations buddy. 1st crore is always the most difficult. Many more to come! Cheers🥂

Sales Leader

I am in a remote company and i like the wfh setup and staying with the family but i stay in a tier 3 city and there is not much to do on weekends.

WFH people who lives in tier-2/3 cities what do you guys do on weekends

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

[Serious Question]
Folks who have been working from sometime now, how much savings/investments should one have in terms of their YOE/AGE. TIA. Absolute numbers are appreciable.

How much saving should I try to have ?

Started working in my first job. Per month pay is around 50k. Very sad as to how will I grow financially.

Does money really come along the way?

Investor

What is your preferred approach for safe keeping your savings?

How much would you allocate for emergency fund?
How much would you allocate for investment (shares/mutual funds/ gold/ bonds)?
How much would you allocate for dead assets (property/ land)?

Savings break-down

Solution Architect

Welcome to Moving Abroad's Private Community

Working in EY and getting 45L as senior manager. Have a Dubai EY offer with 35k AED per month with manager designation. Need guidance on what to do ? 

In India, I have a stable job, got promoted, and have family support.

Dubai - Tax free salary, Demotion, travel to Saudi frequently as projects are Saudi based.  Closer to India etc

Need advice. Will move with wife and daughter.

First post! #Urgent #Need advice.

Consultant

NPS 80 CCD(1B) is the best low cost option if you can save additional 50k per year. It comes with a long lock-in but since we mostly don’t have jobs with pensions so it’s worth to get lakhs of Rupees when we retire. March is around so if anyone wants to invest quickly and save tax, can message me. Happy to help!

NPS is best for 7LPA+ salaried. Are you investing? If not, why not?

Founder

Hello folks. While I'd like to remain anonymous very much, here's what I can share about myself.

1. Working in consumer finance.
2. Love personal finance and helping people out with it.
3. Have published 10,000+ pieces of financial content in the mainstream media.
4. Wrote a best-selling book on money management. It was No. 1 on Amazon once upon a time. 
5. Lately been appearing on TV regularly for personal finance discussions.
6. Saved like crazy through my 20s and 30s, brought two apartments; have an 8-figure net worth mostly thanks to my mutual fund investments. It's not much but it's hard-earned.
7. My unrealised aspiration is travel and I'm working on it now.

No, I'm not selling anything. No commissions, no referral links, no finfluencing. 

Just want to talk, exchange ideas, and learn from you all. Maybe I'll feature you in my next book. :)

Ask me anything.

Let's talk money habits.

Corporate Strategist

Hi folks,

We, as a family of two, roughly save 50-60% of our salaries every month. Amongst the savings, 95% goes to equity mutual funds (index). We don’t have any other hard asset and stay on rent in a tier 1 Indian city hardly without any EMI and planning to expand the family soon.

I was wondering, 

1. how are we doing in terms of personal finance, and,
2. what are the typical savings rate and equity (or other asset) investment allocation rate for others?

Savings rate and investment allocation rate

Quantitative Research

What is your retirement plan? I found 25X annual saving rule for developed economies where inflation is stable. 

Any thoughts on this?

Retirement planning

Project Manager

If you are salaried and earning 1Cr+, how are you saving on taxes? My net tax burden comes up around 40 lakh every year (and it hurts)

Looking to understand if and how you are able to save on taxes

How much do you save each year?

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