Data engineer

To say money helps almost everything, Matt went to Wharton?

Growth Manager

The study, “Money and Happiness: Extended Evidence Against Satiation,” by Matt Killingsworth, a senior fellow at the Wharton School at the University of Pennsylvania, found that the more money indi...

Welcome to Personal Finance's Private Community

The study, “Money and Happiness: Extended Evidence Against Satiation,” by Matt Killingsworth, a senior fellow at the Wharton School at the University of Pennsylvania, found that the more money individuals have, the more satisfied they are.

Source: https://www.theguardian.com/us-news/article/2024/jul/18/money-buys-happiness-study#:~:text=Money%20can%20buy%20you%20happiness%2C%20says%20study%20suggesting%20more%20is%20more,-Data%20shows%20happiness&text=This%20just%20in%3A%20money%20apparently,association%20between%20money%20and%20happiness.

Well well, who didn't know this

Founder

Well well, who didn't know this- Grapevine

Welcome to IT Company Discussion's Private Community

Let’s explore the concept of life continuing without a salary hike or promotion.

A dry promotion, also known as a no-raise promotion, occurs when an employee receives an upgraded job title and additional responsibilities without a corresponding increase in compensation. While this situation can be frustrating, there are several ways to approach it:

Negotiate: If you find yourself in this position, consider negotiating with your employer. Politely express your interest in taking on the new responsibilities but also discuss the need for a salary increase. You might propose revisiting the issue in a few months if an immediate raise isn’t feasible.
Network and Build Goodwill: Even without a salary increase, a dry promotion can offer benefits. Use the opportunity to network, meet new people, and demonstrate your commitment to the company. Sometimes, goodwill can lead to future/new opportunities and higher pay down the line.
Emotional Well-Being: Remember that money isn’t the sole motivator. A study found that emotional well-being rises with income up to a certain point, beyond which further income doesn’t significantly impact happiness. Consider other aspects of your job satisfaction beyond just the paycheck.
Gender Disparities: Mostly women often feel greater pressure to accept dry promotions and may hesitate to negotiate. In many cases, women earn less than their male counterparts for similar roles. Advocating for fair compensation is essential, regardless of gender.
In summary, while a dry promotion can be disappointing, it’s essential to weigh the pros and cons. Consider your overall job satisfaction, long-term career goals, and the value of networking and goodwill within your organization. Ultimately, life goes on, and you can continue to grow professionally even without an immediate raise or promotion.

Life Goes ON

Project Manager

Welcome to Office Gossip's Private Community

I cannot understand people who have a large salary but still crib about wanting more and more salary. 
I mean shut up and go do something good for your family or friends or yourself with your money. 

More money is not going to bring you happiness. Making good use of what you already have will. 

Stop with the 1960s Indian mindset of saving up all your money inside a freakin locker/bank

Rant: People who have large salaries but still unhappy

Product Manager

But with time I realised it is better to maintain a fine balance between blindly chasing money and thinking money is not important to be happy.

Earlier I also used to think money couldn't buy happiness

Software Test - QA

When I look outside my room I feel sad. I can see grey skies of Delhi. It is so cold. No one to hug or embrace.

My heart Is hurting a lot. I dont know why.

I worked so hard. I spend 10-12 hours at work and I have no time for friends and family. I also make good money (86LPA/6YOE). I have no time to spend this money. 

My family is happy with me because I am successful. My gf is happy with me because I can afford her lifestyle and give her nice gifts and experiences.

I am borderline depressed. All my friends are from work. I feel like Patrick Bateman from American Psycho.

what is your deepest Regret in 2023?

Software Developer

Welcome to Indian Startups's Private Community

Have been hearing many incidents like this lately... Does peace of mind overpowers everything?

Software Engineer

Pursuit of happiness via acquisition of material wealth or The stairs to nowhere. 

Travelling through these suburban areas of karnataka has made me realise that once a person acquires adequate means to beat absolute poverty, and consistently keep his head above the surface, his distress is only a function of the depth of his relative poverty. 

However, as we acquire greater wealth and move to higher stratum of the society we get in touch with wealth that was previously unimaginable, and the depth of relative poverty is renewed, resulting in further aggravation. The accomplishment of man becomes the cause of his distress, for the pursuit of wealth for happiness is a folly. Money can at best buy freedom (and for some unfortunate ones, deprive them of it).

Happiness comes from within, and not via the bugatti you ride in. Pursuit of wealth is a worthwhile goal, but pursuing happiness via wealth as I have learned to my detriment is simply, a staircase to nowhere.

Staircase to nowhere.

Audit Manager

Welcome to Software Engineers's Private Community

1. You are building a software that otherwise could be built by a 12 year old kid, if given proper training.
2. You cannot code if I cut off google, stackoverflow & related websites.
3. You are just concerned about producing the output quickly because a. your work is time bound, b. you want to stand out from others.
4. You attend countless meetings that carry no value, thanks to Agile.
5. 10 people write code for the same software which otherwise could have been written by 1 person.
6. You write pages of documents just because you are expected to write for the team, compliance & stuff.
7. You don’t care about non-functional requirements as nobody asked for it.
8. You are spending hours together in coding a simple thing & you are branded a hard-worker.
9. Or you don’t spend much time in coding because you impress people with tech jargons that you learnt recently. You are branded a smart-worker.
10. The code you write will be completely rewritten in next 3-4 years just to catch up with the industry trends.
11. Your only goal is to earn loads of money which otherwise could not be earned in other engineering fields. That’s one of the reasons why you are on grapevine.

Prove me wrong if you can, by commenting your opinion.

Software engineering job is highly overrated. Prove me wrong if you can.

Tell me you are a mediocre programmer/ work with mediocre programmers /an idiot without telling me you are.

Software Architect

Hi all, I have noticed that the experienced senior people around me [ ICs, EMs, etc ] have too much work and they are always in a work mode. 

Seeing them makes me wonder whether I would want to be like them in the future.

All the senior experienced people here, how stressful / hectic / difficult is your work life as you move up the corporate ladder? 

Is it even worth it to chase meaningless numbers, and promotions, and grow up the career ladder?

Work life at senior positions

I see people discussing salaries ranging from 40lpa+ so casually here. Need to know if grapevine has junta who are happy earning average pay ~20lpa & don't really get FOMO.

I mean, do we have to constantly keep thinking about what others are earning & not focus on bigger picture called LIFE?

Work life balance

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

There’s never been a better time to be a DINK, according to Business Insider.

In our death beds it's not the bank balance that would give us joy but the core memories that we made makes us feel we lived a great life. At the end that's important 
  
 If you are compensating for your choice of not having kids through other core memories like traveling or other experiences then go for it. Optimising not having kids only for saving money is a dangerous thing. As I get older I realise that joy comes from giving and not from accumulation.

Investor

My current salary is 42LPA. I am from IIT, have 7 years of experience and work in product. Honestly, my value in the market is higher than what I’m being paid but I am very demotivated to optimise for that. When I do see less deserving people minting more money, I feel that I am doing injustice to myself and playing the wrong hand.

More and more though, the thought of earning more money chokes me a bit. I have dreams of building something of my own - that gives me control to build something my way and freedom to live my life as per my terms. But the mindset of “zyada paisa pareshaani hai” doesn’t leave me.

My family also is not dependent on me and whatever is needed from my side, I actively contribute to. I also lack any motivation to focus on my investments and see my money grow. I just have money sitting around in my bank account purely for nothing

I also look at my lifestyle choices from time to time and go into existential debate of why we need the things that we do. This has come to a point where I really do not understand my relationship with money and why we earn and spend it. 

For me at this point, it’s just a show for the world. There’s very little that you need, and really no limit to what you want to show. And I just don’t see a point in it anymore.

I am demotivated to work to earn more money

Hey @Hungryninja  
 Extremely relatable and very beautiful write up 
  
 I get the trouble you face. When you’ve almost figured out what you like and what you don’t like (that money isn’t thaaat needle moving, I have basic needs) but at the same time, the opportunity cost of relaxing is too high - everybody from your batch will remind you of how far you can go, and the middle class boy in you will find it difficult to stomach letting go of all the money, even though you can make it  
  
 Went through this at one point. I have ultimately sided with money. I cannot sit back and relax. Money will only unlock a lot of foreign travel and good lifestyle for me. But more than that, I am lucky to be in a position that allows me to earn money easier than other people do. So I’ll make it, help extended family and people who cannot earn as easily, because at least in a country like India, it’s almost a responsibility. We’re not fucking Europe. 
  
 I’ll just not kill myself for it as much as I used to :)

Investment Associate

I dont care about money above a certain amount, i dont care about power. I just want my newfound family and my stability. To live a happy life surrounded by my loved ones. I feel as if its not a bad dream to have.

All id want is stability

If there is one thing you can learn from Ambani’s wedding, it’s the fact that money is the only objective measure of power and influence in this world.

-

The biggest rivals politically, share the stage and greet each other 
The biggest rivals in cricket, dance with each other
The biggest rivals in cinema, greet each other 
The biggest rivals within family, help each other 
The biggest rivals in business, hug each other 

-

You should strive to make as much money as you possible can because money is power. You don't do it for pleasure; you do it because that's how you win. You do it because in this ruthless world, being on top is the only safe place to be. Money is your shield and your weapon, and without it, you're nothing.

-

You make as much money as possible because, let's face it, money's fun. It's the key to all the cool stuff—power, parties, private jets, you name it. Sure, it's also about proving yourself and not being the screw-up everyone thinks you are, but mainly it's about the thrill. Making money means you're in the game, you're relevant, and you can do whatever the hell you want. 

-

Plus, it gives you the leverage to tell people to screw off and actually get away with it. So, yeah, stack that cash and enjoy the ride.

-

You make as much money as possible because it’s your ticket to security and status. In this family and in this world, wealth is what keeps you safe and respected. It’s about climbing the ladder and proving you belong at the top, even if you weren’t born into it. With money, you gain leverage, influence, and the ability to protect yourself in a cutthroat environment. Plus, it doesn’t hurt to enjoy the finer things and have a buffer against the chaos that comes with being alive in this world. 

-

You make as much money as possible because it’s about breaking boundaries and redefining what’s possible. It’s not just about the money—it’s about the disruption, the innovation, and staying ahead of the curve.

-

Continued in comments

Make money! As much as you possibly can!

Ambani's wedding is a display of the heights of income inequality in India.

Consultant

I have observed this( at least with my self) that whatever goals you set for your self ( X salary, Y net worth etc etc.) once you're there it becomes ordinary extremely fast and it starts feeling normal again and on you go towards the next milestone.
I was wondering when does this end? Do any of you have reached a point where you don't have the lust for more? You're happy with what you have? 
Did you do something actively to make that mindset? Or were you a "satisfied with what you have" kind of a person all your life?

How do you fight the consistent dissatisfaction?

Backend Engineer

Those who are earning more than 1 lakh per month. Share your journey how you reached there and also some tips.

Well well, who didn't know this

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