Bro don't you enjoy life? All you are currently saving and investing only.

Need to buy house for parents 🥲 hence saving as much I can.

Software Engineer

Okay that's good but this time will not come again. So keep enjoying your life also. Go on trips be it in India or international.

Tech Lead

Damn. Rent eats up more than 20% of my income 🥹

I don't have a plan per se. 
 Have SIPs in MFs which invest approx 50% of post tax income in the beginning of the month itself. 
 I don't actively keep track of my expenses (roti, kapda, makan, travel) but it is somewhere around 40%. 
 Rest income stays in my account as emergency funds or for occasional discretionary spending.

Software Developer

I did the all the calculation of my earnings, savings and expenses recently and got some insights that I thought of sharing and wanted  how others plan or track these thing on there end.  Started e...

Welcome to Personal Finance's Private Community

I did the all the calculation of my earnings, savings and expenses recently and got some insights that I thought of sharing and wanted  how others plan or track these thing on there end.

Started earning in Jan 2022 as an intern and later in July started my full time career.

Post Tax Income till Dec 2023 : 27Lakhs
Tracked Savings: 19Lakhs approx
Net Saving %: 70%

And I think this would not be possible if it was WFO.🙂

What are your thoughts?

Lifetime Earning & Savings

Lifetime Earning & Savings- Grapevine

Welcome to Office Gossip's Private Community

[ thread ] what are your biggest wins this year?

First time cash flow from investments is greater than salary.

Product Manager

Operations Analytics

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

How much do you save each year?

Technical Lead

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

How much do you save per month?

Analyst

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

Welcome to Product Managers's Private Community

I want to understand if you are also satisfied with your compensation?

How much do you really earn? Honest Answers Please 🙏

2.4 lakhs/month. 
      
 Not a developer. 
 Not in Tier 1 city.  
 Not in FAANG or whatever it’s called now. 
 No loans or EMIs for now. 
  
 Married to my GF of six years. She earns 1.3 lakhs/month. 
  
 Guess, I could say I am extremely satisfied.

UX/UI Designer

I've completed 1 year in my first job. I've tried saving and investing some money, help me decide what I can do better:

Income: 22LPA

PPF: 3 Lakh
EPF: 2 Lakh
MF: 5 Lakh
Saving Account: 4.5 Lakh

Income for new FY post increment: 29LPA

I did these savings based on some advice from my elder brother.

I'd like to spend more this year though, with some travel and going out more, maybe even purchase a scooty/bike and a PS5 😁 - would these expenses be justified?

Apart from improving my savings & investments and 
still being able to afford a few luxuries, I want to know if I should get any of these:

- Health Insurance - Only 5 Lakh cover from company for me and my parents (note - parents are getting old)
- Life Insurance - Do we really need it, I'm still 24?

1 year in first job, please help me assess and improve

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

Program Manager

Let’s make this thread for savings related discussion:

Age:
CTC:
Total savings:
Asset (if any): 

For example, 
Age: 28 yrs Male
CTC: 35 LPA 
Total Savings: 45 Lakhs
Asset: 2 BHK in Bangalore

Share yours!

Savings thread: Share your total savings, asset, age!

Consultant

Hi everyone,

The year end is here. It was a great year for my FIRE journey and I thought I'll share an update with you all.

With few days left in 2023, I've crossed 2.65 CR in net worth after touching 2 CR in May this year.

Here's the breakup:

Direct shares: 1.7 CR (this was the major driver of growth),
ELSS: 0.06 CR,
Company shares: 0.06 CR,
Real Estate: 0.4 CR (while it is between 42-45 now, keeping this unchanged from May),
EPF: 0.34 CR (interest for last year kicked in),
NPS: 0.06 CR (investing because I'm in 30% bracket, getting 14.8% xirr here),
SGB: 0.03 CR

The driver for growth has been a high saving rate.

In 2023, i've added 29.5 lakhs in equity, about 2.5 lakhs every month. 6 lakhs in company shares (US listed). The EPF and NPS savings are on top of this. My target was to save 36 lakhs in equity overall, and it's done! Targeting the same for next year. I'm aiming to cross 2 CR in equity before July 24.

Another change I did this year is that I've moved away from active advisory. I get the stock ideas from Twitter discussions, analyse them fundamentally and take bets based on the charts. I'm quite confident of my charting skills with max drawdown of 25-30% but upside of multiple x. I could capture 2-3 2x this year with sizable investment in them. I got this confidence after i could take my wife's account from 11 lakhs to 20 lakhs in about 2 years.

While the next year can be a huge bull run if BJP wins, I'm still trying to diversify. I'm planning to add a real estate of about 75 lakhs by paying 10%. This will help me leverage as well. The rental yield is the property is approx 5% and calculations show that I'll have to only pay 40-45% of the EMI and rest will be covered through rent. This should bring my equity exposure down from the current 65% to less than 50%. In this I'm trying to diversify and leverage while not denting my current equity corpus.

Suggestions welcome to make this FIRE journey better!

Thanks!

Crossed 2 CR and 2.5 CR in the same year

Project Manager

I’ve noticed different people have different ways to approach their financial planning. 
Hoping to learn from each other and perhaps help others who read as well.

What is one personal finance habit that has changed your life?

If you 'want' to buy something, wait day or two (I wait a week) to know if my heart is still stuck at it. Generally (mostly) it is fleeting craving and I end up not buying.  
  
 This has kept my expenses very minimum

Founder’s Office

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

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

Hey community 

Been working in corporate for 3 years since college and reached 50L. Hope to reach 1 Cr in 5 years and 5 Cr in 10 years 

Fingers crossed. All the best to all of you too

Reached 50L net-worth today

Isiliye to keh rha hu COVID lockdown mei Dalgona bnane k jagha DSA sikhlena chaiye tha 😭

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

Lifetime Earning & Savings

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