having home in the same city where they are working

It's that time of the year for the home owners

Software Test - QA

It's that time of the year for the home owners- Grapevine

Welcome to Software Engineers's Private Community

What do you think, most companies are directly setting shops (GCCs) here. Will it lead to degrowth of the industry?

IT services in India 📉?

Software Engineer

I'll be moving to Mumbai (Andheri East) next month. 
I'll be earning 80K PM after tax and this is how I'm thinking of dividing my finances. Please give your inputs.
Fixed:
1. Rent - 18K (PG)
2. Food - 4K
3. Electricity - 3K (estimating)
4. Travel - 3k (worst scenario, home to office - Rs 100, 3 days a week - 600/week) 
5.Groceriess - 2K (Not sure because in a PG but considering it) 
6. Internet - 1K 
7. Lifestyle/Misc - 10K  (I don't party much, most of this will spent in misc and exploring Mumbai etc)
Total - 41K 

Savings - 39K/40K
1. 25K in savings bank account (i need to have this because I'm scared of emergency stuff) 
2. 5K MF
3. 5K PPF
4. 4K/5K - sending home

Is this good?

Expense estimate

Business Analyst

I know this is not what majority of people like to listen, but for people coming from other cities with no friends and poor social skills, working remote or hybrid starts taking a toll on your mental health. 

The isolation it brings is so overwhelming. You feel trapped and frustrated, when there's no one to talk to.

Sometimes, I feel the quality of life of our kind of lower than street vendors at least they have people they can talk to. I just hate the way we are wired to be social animals yet find it overly difficult to connect with people.

Unpopular Opinion: I prefer Work from Office

If you are early stage of your career if you don't have responsibility at home you should come to office it's a healthy approach but for people like me who has already spend more than a decade in office life and has a small child at home working for home is like a saviour for me and my wife

Senior Engineer

Software Developer

Welcome to Personal Finance's Private Community

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

After getting a bunch of 'buy a house' advice from my in-laws over the weekend, I decided to fire up magicbricks to check prices in Bengaluru. My browsing ended within 5 mins seeing just how much the prices have risen in last 1 year

A 3BHK that used to cost 2.3 Cr last year is now 3.7
A 2BHK that used to cost 1.8 Cr last year is now 2.7

These are two houses I had earmarked for sometime later when I would have more money

WTF is happening in BLR

Did you notice? Bangaluru housing prices have EXPLODED

Time to call in-laws and say that "Aap do jodo mei ladki bhejo ladki huio hamaari"

Analyst

Hello all, I want to buy a plot in one tier 2 City where I wants to live after retirement. 
Right now I am working remotely and living here in this city only but in future can't guarantee the workplace as I have to move to some other place also in 2-3 years time. 
My most of the savings are going in mutual funds investments. I can afford home loan EMI also. 
Should I go ahead and buy the plot and make small house on that and rent it out/ give on Airbnb.
But our software Engineer's job is very unpredictable. Should I take this step?

Good time to buy a property

Tech Lead

No one is giving work from home.

I am doing work from home from last 2 year and it's pretty good

but my entire friend circle has moved to their office location delhi, blr aur Bombay and my college friends also got split into different cities

Sure, we catch up during occasional visits or hometown hangouts and trips, but most days, it's just me, myself, and my laptop. I've tried moving to Bangalore and stayed couple of months, but traffic take lot of time to just meet  friends and people are mostly into over work and then just drinking and smoking and don't want to talk about flats, transport and other problem

so whoever doing work from home from their hometown, how do you deal with this

my hometown is tier 3 city and routine is kind of wake up, coding, gym, movies or anime or leetcode and sleep

How to deal with wfh

Welcome to Indian Startups's Private Community

Question to bachelors working in a remote job from a metro like Bangalore, Delhi or Mumbai and not living with parents. 

How do you deal with not having people around you ?
Does it get lonely sometime ?
How do you manage your day and schedule around work in general ?

Context :-
I've got a job offer from an Indonesia based startup and they don't have an office in India. 
I've never worked a remote job, except COVID and I don't know if I should work from the metro or go back home?

Benefits of Metro :
You get to be around people who work similar jobs.

Benefits of home :
You save money and life is a little peaceful there.

Remote job in Non-Indian Company

Product Manager

Many of us have to move from our own states to KA/MH/DELHI for jobs. That's the first  phase of migration. 

I see a new trend. U can call it the second phase of migration or extreme migration. 
I see many are now disposing of their parental property at home town/village. The intention is for aging parents to move in permanently with their kids. 
This is especially true for states with less development and job opportunities in IT. 

Am i the only one seeing this?

Unpopular Opinion | Migration & extreme migration within India

Data engineer

https://www.freepressjournal.in/india/peak-bengaluru-moment-virtual-hotel-receptionist-gets-netizens-commenting-on-social-media-see-pic

Everyone wants WFH😅😁😆

Guys if someone has same experience want you to share such here.  My office made work from office hybrid in a week but wants everyone to report office every week atleast twice. However they made a exception thar if you have some problem you can do wfh entirely. 
There were two cases

There was a newly married women collegue who wants wfh entirely as she has the problem of shifting to new city alone.

Then there is me who has been recovering from a leg fracture. Asking for a extension as commuting to office and doing self chores will be a problem alone in a new city.

In both these cases the first person got the work from home extension . And me commuting office with 1.5 legs every day. 

How these justify a equality in work place???

Work from home extension

Guys who are staying in metro cities like Delhi NCR, Pune, Bangalore or Hyderabad.. Can anyone tell me how much in hand salary is sufficient to live above mentioned metro cities with the family who has parents and 2 children dependents?
Currently I am working remotely (work from home) but due to no hikes or promotion I think I need to switch and now a days very less or none companies offering work from home..Evey company either 5 days a week or following hybrid model...
So, please give ur valuable suggestions so that I can get idea whether should I switch and come to any metro cities or should I stay back in my hometown with same salary?

How much in-hand salary is sufficient

I know a lot of people love working from home. But small rant here. 
Honestly, straight out of college I thought I would do too. But no, I absolutely do not.

Why? 
1. No personality development. It's honestly like an online college all over again (1/2 of my college "life" was online). I talk to a screen, waste a lot of time otherwise. 

2. I don't have a room to call my own. I know this is going to make me sound like a privileged brat but I need my privacy to feel my full confident self. My family members are always on top of my head and spy on me during work. No they really do.

3. I hate, absolutely LOATHE approaching people on teams. I'm more social, confident and comfortable working in an offline setting be it presenting something or talking to senior folks in general. 

4. I have NO life outside of the computer/home. My hobbies, interests everything are inside the tiny room I share with my parents. I still have 2 different desks (which are literally next to each other) for work and personal stuff respectively. When I had offline semesters, it was really awesome as I had balance.

I graduated in 2023 and of course I have a lot to learn, but I'm seriously thinking about searching for another job that's not WFH. I'm still early career and I think I should not be working remote. Am I stupid?

I cannot work remotely.

Work from home is hellish for extroverts. There is no alternative. I've tried co-working spaces. But nothing beats the actual office experience. 
  
 If you're young, go to office and build your network.

Product Marketing Manager

Account Manager

Our jobs requires us to move to a different location almost every few years. Considering this fact, how do folks here decided where to buy their permanent home?

I used to live in Gurgaon before covid. I've been working remotely since then. In the long run, I don't see myself working from home all the time. I may move to work in a hybrid setup. I had always observed that there are not a lot of opportunities in Gurgaon comparing with Hyderabad or Bangalore.

Moreover, I don't like big & crowded places. I don't see myself living in these metro cities in the long run.

Where to buy a house permanently?

😅 Owner increased the rent by 15k to meet the market. They expect bachelor's to pay up or exit. 55k is the new price for 3bhk in a 15 year old society. When will the bubble burst? Is everyone making 40-50 lakhs?

Are your owners kicking you out for rised prices?

Considering the ongoing debate between renting and buying a flat, I've noticed many financial influencers suggesting renting and investing in mutual funds. However, there's a strong emotional aspect to owning a house, especially post-marriage and kids. What factors should one consider before purchasing a flat in metro cities like Hyderabad or Bangalore? Personally, I've contemplated buying multiple times, but after analyzing my finances, I've hesitated. I'm currently leaning towards ensuring my net worth covers at least 60% of the flat cost when making such a decision. In the long run, I believe the interest earned on my net worth could potentially cover EMIs during challenging times, like job loss or unforeseen circumstances. For instance, if I opt for a 2 Cr house, I'm considering a minimum net worth of 1.2 Cr across various asset classes like Mutual Funds, Stocks, PF, PPF, NPS, SGB, and more. What are your thoughts on this? #MiddleClass :-P

Buying vs Renting a House

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.

It's that time of the year for the home owners

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