Quickly improve the satisfaction even further by investing that 55k in good MF/Stocks etc.

Private Equity

Product Manager

Get SuperDry backpack instead, it's made from Tarpaulin that lasts a long time and far cheaper

Research Engineer

Support Specialist

Check out Mokobara - easier on the pocket 😋

Growth And Strategy

But my middle class upbringing saved me last moment  I credit my parents and grandparents for this high achievement

But my middle class upbringing saved me last moment 
I credit my parents and grandparents for this high achievement

I was about to buy the TUMI Alpha backpack yesterday for 55K

Growth Manager

I was about to buy the TUMI Alpha backpack yesterday for 55K- Grapevine

Welcome to Office Gossip's Private Community

Which brand did you go for? Why?

No Moko pls. I'm looking for people w/ better taste ie Tumi , Away, Montblanc, Herschel.

Anyone here who has invested Rs.20k+ in a backpack?

Software Developer

Welcome to Personal Finance's Private Community

I have been pursuing some aspirational products like Apple Watch SE, Airpods Pro 2, PS5 etc. since a long time. I go to the Amazon page and add it to cart but then my conscience questions me as to is it worth spending so much on it? I earn decently and live in BLR but still I dont fully understand to give my mind a valid reason for purchasing a 40k Watch that shows time, some metrics and some automation. Also 20k for listening music, 50k for playing games.

It feels as if is it sane to spend much on these personal material stuff? How do you folks look at this while making purchases?

How do you justify expensive purchases to yourself?

For some ps5 is not about price, it's about their dream to buy since college days (many ppl I know bought it) and same goes for other stuff as well.

Digital Marketer

Orchid with 200 trees, 40y old.

Will sleep, soak sun and read(bucket list) here after Layoffs.

What's your layoff scene? R u afraid 😳

Stay strong and keep a back up :D

Got a place to lay upon after layoff.

Consultant

Senior Consultant

Welcome to News Discussion's Private Community

I can buy a luggage set of skybags at this price

Why mokobara is so expensive?

Software Analyst

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.

Software Engineer

I grew up in a family which used to be just above poverty line. My mom had worked a lot to provide making 7K a month. I now have a job that pays 15lpa. Other than good food on table I'm not sure what i should do with the money. I save everything left after removing house expenses Which is 75% of my income. I know saving is good but i don't want endup saving a huge pile and dying without using any of it.i want to exprfi6good things. How did you guys spend when you tried to raise from almost poor to a decent standard of living

Not sure how to spend the money that i make

Similar background, always dreamt of a decent gaming pc or console. 
 First thing i did after setting up sip was buying ps4. 
  
 Travel, travelling is expensive but the experiences you have a worth it. 
  
 Spend on parents, buy em phones, clothes or sponsor there religious trips. 
  
 Charity, dont forget your roots. 
  
 Definitely dont become a horder, but dont go ballistic as well. 
  
 Also well done for beating the system.  
 Cheers

Welcome to Indian Startups's Private Community

Your first Salary!!

Bought my Mom a Titan Raga watch and my Dad a wallet. Had noticed for a while that my mom's old watch wasnt working anymore and in those days we didn't have the money to afford one. One of the proudest moments of my life...

Sales

Posting here not for bragging but to just let people like me know who look at extraordinary salaries and feel sad - it is possible just believe in yourself. I never thought I’d reach even this.

4.5 years of workex in a non-tech role, started with 35,000 monthly salary.

I know this number might not mean anything to the FAANG tech bros out there but for the rest here is a bit of context -

- I come from a middle class background 
- Not from Tier 1 college
- Not a software developer 
- No MBA as of now
- This doesn’t contain any inheritance 
- Send some money home every month for parents

Dont get overwhelmed, just keep your head down and don’t compare to anyone. I try to keep a strict budget, track every transactions, limit my needs but once a while splurge slightly when I feel like. 

See you all at the next milestone! 🍻

First Milestone - Hope many more to go

Business Analyst

This is very new for me to spend 37k on a phone, it is not financially bad decision for me at this point of my life. But people talk about roots, I grew up in a lower middle class family with a frugal mindset. I am confused. How do you folks who came from a similar background and making a okish to decent amount of money now spend on things you always wanted without feeling guilty?

Purchased nothing phone 2

I found an old form from 2013, my father had sent details
Annual Income - 8L
Education expense - 2.5L

He is retired govt empl so couldn't lie on numbers

I was in top autonomous institute, and my brother in good private school in Delhi

It hits me now, how I wasted my life 'enjoying college' and thereafter
Falling in and out of love

Parents never say anything on practical topics, just regular wake up early, eat vegetables rant

I fucked my life and how

Dying in guilt

There’s a lot of time for you too do what you wish to do. Guilt and regret are temporary, your actions are kinda more important. 
  
 We will always disappoint our people as every person is different. You did what you felt gave you happiness at that point. Don’t be hard on yourself. 
  
 Your parents will eventually be the happiest when they see you chasing your dreams and goals. Don’t regret anything. Just take it one day at a time and do what feels right. 
  
 Cheer!

Brand Communication Manager

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

I am a fresher earning roughly 1 cr post tax.
I started investing a little late but I am now consistent with my SIPs which I started at the age of 8 by saving 500 a month of my school bus fare and pooling a ride in my father's car with a step up of 10% every year. There was no driver so that we could save some money and put it in a fixed deposit every year. 

I stay at my home so that I can save some rent. I don't get the privacy that a fresher looks for because my family is mostly out of the country and I had to get 24 hrs house help. But I am okay with it. Nobody gets everything.

Now I am paying around 48 lacs as income tax. What am I doing wrong and how to spend money wisely. And how can I make sure that I get paid according to the market standards and not get exploited by the system.


PS: is buying a new iphone 15 worth it as gold plated iphone 15 pro max is very costly.

How to get out of the middle class lifestyle

The only way this post gets better; your house help is Mia Khalifa.

Sales Manager

Data engineer

Welcome to Product Managers's Private Community

Ask me anything except my company name, or things that can reveal my identity. I may respectfully choose not to respond to your question based on my own judgement.

Here’s a brief intro about me: I’ve worked as both software engineering manager & software technical architect over the last 18+ years on various tech stacks managing backend, frontend and a little bit of cloud. I have seen ups and downs in the software industry. Currently I’m working as a senior architect in one of the product based companies in India.

I was about to buy the TUMI Alpha backpack yesterday for 55K

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