Just chill and start investing! 
  
 I am 33, I started investing at 31. Sitting at half a crore mark right now. My strategy is just MF (just index), and timing the market. Through an aggressive savings and frugal lifestyle at Mumbai (family of two) we are able to maintain it so far. 
  
 The trick is start small and increase it slowly.

How come half cr in 2 years? Please shed some light :)

Software Developer

It is very easy when the large cap is giving 50% and small/mid caps are giving 100% return in last 2 years. 😀

Quantitative Research

Are you in debt? If not then not an issue, just start with this month. 
 I have a similar situation, household expenses, and everything eating up most of the things. Just don't stress out be chill and start in that direction

I was in similar situation till some years ago. Still not completely out of it but the things I did are took an Lic policy, doing short and long term mutual investments, nps from salary, purchased house on loan.

Tech Lead

I'm 35 and have barely started saving. Is it too late to catch up, or should I just plan on working forever? Between student loans, rent, and the general cost of living, retirement savings always ...

Welcome to Personal Finance's Private Community

I'm 35 and have barely started saving. Is it too late to catch up, or should I just plan on working forever?
Between student loans, rent, and the general cost of living, retirement savings always fell to the bottom of the list. Now I'm freaking out.
Late bloomers in the savings game, how are you tackling retirement planning?

The retirement savings panic

The retirement savings panic- Grapevine

I will complete 3 years as a professional soon. Quit a Big4 to join a startup for better pay and faster growth but despite putting in my best work and leading initiatives, going above and beyond all the time, my peers are all earning better than me doing similar jobs.

i never had a financially aware upbringing. my father put us through hell due to his bad decision making and despite me being very financially savvy, am unable to save any money because im so anxious I tend to spend what I dont have. i had to take up a lot of freelancing to aid my lifestyle but now im busy all the time and have no time to myself. 

idk what to do. idk how much savings my parents have since I live away from them and dad never discusses his larger financial plans with me. he also does not have a stable job even at his age even though I know he is v hardworking and does his best. i feel i will never have enough money to support my parents and myself and feel like im running out of time. also doing interviews to leave this shitty company as well which is lowballing tf out of me. im not sitting idle at all, trying to startup on the side as well. i workout, eat and sleep healthy, have a great social life. the only problem is money which im constantly worrying about. i feel its a generational curse passed down to me. I know I have 10x earning capabilities but its all so vague and uncertain. I have an amazing support system and I know I can talk to my friends about this too. just thought of coming here first

please share stories if youve ever felt this way. open to advice feedback ideas. how did you get out of it? what can I do? 

what are some business/sales roles that pay really well that I can get into as an ex-big4 analyst? i dont think my current profile translates well anywhere. f*ck this company honestly. probably the worst decision I made coming here :(

[rant] 24 year old anxious about his financial future

Marketing Associate

I am feel like I will be unemployed and unemployable before 40. I am 29

working at shitty it service company with hardly significant savings and investment.

what you think about your future. I am surprised seeing my colleague buying farmhouse, big house and car. how do they get  such confident like they have permanent job and good pension.

what's your retirement plan?

Software Engineer

Hey, I am 45 years old and working in IT. I have a stock portfolio of around 3 cr and other investments in ppf, fd etc of 1 cr. I have a loan free car and house in tier 2 city.

 I am planning to retire. Is my savings good enough for retirement

Can I retire

Program Manager

Welcome to Software Engineers's Private Community

[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 ?

A mist this market lay off’s i am constantly in stress and anxiety. Am i the only one who feels this way. 
How do i cope up with this? Any help suggestions

Constant anxiety and stress

External Audit

I'm 25 years old, and I have worked from home for the last 2 years. How much savings should I have accumulated by now. My salary is 12 LPA with 0 savings as of now.

Data engineer

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

Family is pressing us to buy a house but I don't have any treasure even to put a down payment. Terribly frustrated.

How do you cope up with family members pressing you to buy a house?

Security Engineer

Can anyone help me with how to start making money and manage finances smartly? I get 20k as salary every month and it's not enough but I do want to start saving. I do have mutual funds and RD. Any tips on investing to make more money? How to get started?

Trading and Managing Finances

Infrastructure Engineer

Me and my wife are 30 years old software engineer with no kids. Draw 7 lac a month please some yearly bonus. We invest 2 lac a month combined into equity market through mutual funds. 

Expenses: 1.5 lac a month including everything, lives in Bangalore in good society, owns a car, don't thing much before spending. 

Still after everything left with 3 lakhs every month in bank account. Not sure how to use that. We both don't have any fancy "shauk" where we can spend and hence don't have an urge to earn more. 

Any suggestions???

Post tax 7 lac a month. Double income no kids, but not sure what do with all the money.

Hey - we are also similar to you. Would strongly suggest finding something you’re passionate about. 
  
 For us (primarily me) - got a dog, took a 6 month sabbatical, travelled to 30+ countries in this time, left job to pursue startup idea, spend time with parents, learn language, improve fitness, learnt some coding, etc 
  
 It’s a pretty good position to be in - just explore I’d say

Strategy & Operations

Welcome to Banking & Finance's Private Community

At the initial phase of my career, should i focus on fully saving money or fullfill some of the dreams that i want to  buy from childhood

Welcome to News Discussion's Private Community

When I joined corporate world  in 2012, there were many 45+  and some 55+ folks among us..... 

Gradually I have been witnessing slow but steady change in demography.... After 10 years, I am rarely seeing any 55+ folks...and noticeable reduction in 45+ folks. 

My prediction is AI will make this slow change very steep in next 5 years and we would rarely see any average  but highly paid 45+ folks

Is unofficial retirement in corporate world decreasing year by year?

By plan, I mean 
- After what networth you want to FIRE?
- By what age you think you’ll achieve that Networth?
- How are you going to build that networth?
- What are you going to do after you FIRE?

Those who want to FIRE, what’s your plan?

10 crore 
 - current 7 crore  
 - will reach there in 1 year  
 - currently 37 yo and 1 kid  
 - will focus on teaching, coaching and freelance consulting

Growth Manager

Founder

Welcome to Indian Startups's Private Community

Just met a dear friend with 10+ yoe and earning 33L per anam. 

He doesn't want to get promoted or salary hike as he is getting enough as per need and wants to have good WLB. He is accumulating a 3cr corpus and planning to retire in 10 years in his hometown in Ranchi.

Debt free - family house in Ranchi and married with no kids - single income. 

Isn't the amount very small/too risky? Considering anything can go wrong in future and you should work really hard in 30s to avoid that as much as you can.

What's your opinion? 

Ps. He is also active here and I took permission to ask this question here

Is this new normal?

That dude has understood life, i’m 25 will do the same

Operations Manager

I am 30M with 2 cr in savings (across portfolio, no RE, all liquid) If I keep up with this rate I will hit 8cr (~1M USD) by 2027. I am living with my parents, married, no kids yet. Want to move out. Should I buy a house (purely consumption) now or should I wait 4-5 more years get more savings (hit my 8cr target) and buy then? If so, I would be renting out for the next 4 years and assume I would also have a kid by then. 
What are you thoughts? Also buying city would be Chandigarh Tricity ( keen on Panchukula) 
If any of the folks here have knowledge about the property rate there that would be great.

Question for the finance planning folks

Consultant

Welcome to IT Company Discussion's Private Community

Apologies for the long post. Context settings is very much needed, I believe.

I haven't been very ambitious about my IT career, but at the same time always tried to contribute to the best of my abilities.

Total 17 YOE with about 3 years of UPSC preparation in between. I have worked with one of the WITCH companies for 15 years before moving to TCS. 


Now for the last two years in TCS I feel like I haven't tried to get mapped to a role matching my abilities. Have been doing the same scrum master role which I used to do 5-6 years back. The reason mostly has been that I don't want a role too demanding, i guess.

Got opportunities for client partner role in middle East, but flatly denied owing to family constraints.

Aim is to secure decent savings and early retirement, if/when possible.

The question that keeps haunting me, if this is the right thing to do? Or shall I put more efforts to progress my career.

How to approach this phase

Super frustrated with my job( love the money bit it sucks my peace of mind) . Have savings(combined me and my husband) of 5 cr(MF,FD,PF,ppf) . No assets. When can i leave this corporate slavery?

The retirement savings panic

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