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

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) ?

Hi all awesome people, I have been investing for 7 years now, since I started my job and below is the break down of my current SIPs: Category Fund Amount Small cap Nippon India Small Cap Fund 15000 ELSS Quant Tax Plan 7000 Flexi cap Parag Parikh Flexi Cap Fund 20000 Index ICICI Prudential Nifty Next 50 Index Fund 4000 Index Nippon India Nifty Midcap 150 Index Fund 3000 Index Nippon India ETF Nifty 50 BeES: Stock SIP 20000 Large & Mid cap Mirae Asset Emerging Bluechip Fund 11000 Multi cap Quant Active Fund 5000 Sector: Energy DSP Natural Resources & New Energy Fund 5000 Sector: Energy Tata Resources & Energy Fund 5000 Sector: Energy Nippon India Power & Infra Fund 5000 Global ICICI Prudential US Bluechip Equity 5000 Global Navi NASDAQ 100 Fund of Fund 3000 Global VOO-Vanguard S&P 500 ETF: Stock SIP 5000 Global VWO-Vanguard FTSE Emerging Markets ETF: Stock SIP 5000 Sector: Precious Metal Nippon India Gold Savings Fund 3000 Sector: Precious Metal Aditya Birla Sun Life Silver ETF 4000 Sector: Tech ICICI Prudential Technology Fund 5000 Value ICICI Prudential Value Discovery Fund Growth 8000 Total 138000 I had alot of diversification and had multiple active SIPs in same categories, I tried cutting them down based on some analysis. I have few questions: 1. Am I over diversified? I have mostly 1 active SIP now in each sector. 2. Few of categories like multi cap have negligible allocation, should I remove them or allocate more? 3. I am betting heavy on energy please help me decide 1 fund from above 3. 4. I have stopped SIP in a bunch of funds but DID NOT sell them. How do I rebalance existing funds, do I sell and rebuy and pay the tax and load or just keep it? I have other investments like emergency fund FD, liquid cash, gold and real estate. My only goal from MF is wealth creation and can with highly aggressive investment profile. Thanks in advance people.

Been in Bangalore for 6+ years and love everything the city has given me. This city ( more like people here) taught me what software engineering and product sense is, how to entrepreneurs function, whats a 100X coder like. Made many memories, weekend trips to nearby places were so nice. Dated, moved in and then married my girlfriend, adopted a dog. So Bangalore has given me a lot. But in hindsight it takes a way a lot also - 1. Everybody is in constant work mode, even in parties its just about who is doing what 2. Everybody is in loot mode here - i have seen locals pay less for veggies/fruits in front of me, then the veggies apparently have lead in them 3. Rents/builders/brokers/roads - we all know whats up with them Though it was nice initially, now i feel like even after earning so much ( ctc > 1cr) if i just spend it all here ( monthly expenses ~2lacs same is with all my married friends), what is the point even. Hence making a move to slow life now, where you get a house with garden for 25k and fresh veggies and you can actually develop some relationship with community. This urge to always outperform in career is not really needed, we all eventually work towards savings and hence if i earn less but spend even lesser, its more or less the same thing for me. But i dont want to live in a matchbox, travel 1 hour to meet a friend, eat a roti for 150bucks and be in constant anxiety about climbing the ladder. All i want is to focus on health, and sit in a garden in some sunshine with my wife and my dog and enjoy a cup of tea. So yes, I AM DONE. Moving to a tier 2 ( more like tier 2.5 town ) Happy to answer any questions if anybody has any.

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

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.

So many folks are speaking out (or bragging who knows🤷) about their monthly/yearly paychecks. Just curious, for all single folks who are receiving a hefty wad of cash every month: 1. what do your general expenses look like? 2. what do you like to spend it on the most? Here's my monthly breakdown(jab hum employed hua karte the🥲): rent(coliving PG)- 12k transport- avg. 1.5k food- avg 7k gym & stuff- 7k parties- 5k misc- 2k TOTAL- 34.5k out of 80k in-hand Apart from the general expenses, once in a while, I'll indulge in buying a good perfume of around 5-6k. The 2 most costly purchases I made were a new laptop(asus vivobook)- 50k & prs electric guitar & accessories- 82k What about you?

Hey folks , I've been in software was almost 5 years with 4 years experience in React Native (was a lead react native dev in previous job) , around 10 months native Android (Java). I've also worked on the backend (mostly nodejs, postgres stuff, integrating with payment gateways, queues - worked as a fullstack dev in fintech mostly in the FASTag space for a big private sector bank) with basic exposure to AWS (ec2 , Lambada etc) I am now done with JS and have taken a career break to explore new technologies , get better at DSA and become a better programmer. I am thinking of learning Swift for iOS as I love working on mobile apps and also started learning golang as I always wanted to learn a more versatile programming language that allows me to do low level stuff and seems like golang is a good stepping stone in that direction. Coming to the point and the main question: Does changing stacks eg from react native to Swift for iOS or starting as Golang dev lead to a decrease in salary? Keeping in mind I don't have prior experience in golang at all . But I am guessing if I had to switch to native iOS in Swift there wouldn't be much of a salary drop? Also I would appreciate if you'll had any tips for navigating salary negotiation in such a case . Should I settle for a lower salary and build my experience? Or demand a higher salary then my previous job ?

I have saved 15L in the past 2.5 years, and i am planning to buy a home worth 50 L in tier 3 city. I want to take a Loan of the remaining amount and i am the only earner in my family. Considering the current situation of Layoffs/Downsizing etc etc in IT,is it okay to take a loan and solely depend on my income for loan repayment. Im 25 rn and we don't have our own house. So need one. What are the other ways in which i can buy a home.