Software Engineer

Welcome to Personal Finance's Private Community

What's the most unnecessarily complex finance Gyan you ever got? By whom?

Product Owner

What's the most unnecessarily complex finance Gyan you ever got? By whom?- Grapevine

My thesis has been that finance has been made complex deliberately and it isn't rocket science.

Would love to hear some madeup complexities.

How many of you find financial jargons confusing. There are so many terms that we hear - debt, elss, liquid funds blah blah 
So many fin- influenzers telling something or the other on social media and with time to fill ITR nearing closer its all more bombardment.

Do you think a need of much simpler explaination?

Financial jargons

Software Developer

Welcome to Office Gossip's Private Community

Some finance person needs to explain this

Welcome to Fintech India's Private Community

What is this Finance with Sharan upto?

Product Manager

As I came across people from various backgrounds, I see a very motive driven purpose for the need of Financial Education in India. What do you guys think ? People aren't aware about basic terms like assets/liabilities, Why do we file taxes, Vicious circle of Debts, compounding and a lot more. And which is why the young population even after earning in lakhs end up spending it all😭 

Thoughts ?

Is Finance Education a real need ?

Generalist

Why is there such a low penetration of credit cards in India ?? What problems do guys face in relation to credit cards and needs to change ??

Credit cards

Short built up .

YOE 10 
CTC Base : 33 ( it's below  gv standards )
Debt free no emi .

Need suggestions to grow at least 10x in upcoming 10 years . 

Monthly expense : 25 k frugal lifestyle. 
Corpus remaining: 150 k permonth 

Married  no kids . 

Savings till date asper snip attached 1.27 cr

Roast me on savings made till date

Cybersecurity

Just some personal finance gyaan, I follow these regularly 

1) Have 3-6 months of cautionary savings
2) Have up to 2x your monthly account in your bank 
3) Have 3 accounts (Salary, Investment & Spend)
4) Have a Bifurcation of Equity, Debt , Real-estate & Gold 
by age and follow that 
5) Have 2-3 credit cards (Set Breach limits) 
6) Think long term 
7) Reduce costs on all fronts - Saving account, demat, mutual funds , tax etc
8) Medical & Life insurance is a must 
9) Don't inflate your lifestyle after you income gets upgraded .Wait observe and decide if it's worth it
10) Always invest in things that would give you less headache 

Have added my investment bifurcation in comments

Boring - Personal finance Gyaan

Senior Associate

So apparently, the finance section is not for personal finance

Warikoo is slowly turning into one of those babas/fakirs who can find a solution to any of the problems. Accidentally stumbled on this series and found it to be too cringe. Giving wrong hopes to people with future values which may/may not be realistic. Wish, SEBI could control such fakery!

Finance Baba/Fakir🤡

Focus on NOT increasing your lifestyle expenses .Just focus on basic requirements 

Just a stat - My current monthly expenses are 30k. By the time i retire it will be 1.3 lakh per month .

Boring finance Gyan #2

To all paytm folks and people having first hand knowledge of this matter: how true is the statement that the 1k layoffs are due to AI? or is it just a bs PR move to justify layoffs (like any other organisation)

Paytm: AI led job loss

100% bullshit 😆 
  
 AI is like an easy target to blame.  
  
 Truth is - They have accumulated insane NPAs in low ticket size loans which RBI also highlighted. Pausing that business made a huge chunk of people redundant. At the same time, there’s insane pressure to boost up the stock price as it’s still treading much lower than IPO price.

Growth Manager

I'll go first:
Dad's college friend asked why am I not married.
He didn't want the answer anyway

So he goes: You know if women don’t marry, they start developing genetic disorders. 
It is science; the body needs marriage. 

He had the audacity to say this loud, and when I retorted back, my mom was not happy coz I was being 'disrespectful'

Continuing Marriage questions: What's the most unnecessarily Gyan you ever got? By whom?

Consultant

I am a '21 graduate from a Tier 1 college (old IIT) and have had short stints as product manager at a couple of startups. About a year back, I decided to startup but after a few months, realized that startup idea wasn't worth pursuing. 

Researched around a few startup ideas and finally landed upon a good one in D2C space. But the problem is financing. I don't have much saving and friends / family network wouldn't be able to finance this. I really want to pursue this idea but finance is becoming a hindrance. 

So started looking for job opportunities about 3 months back. I have been exploring work opportunities in product / founder office / EIR roles or other generalist role. 

Job hunt process has been frustrating to say the least. Getting very few calls. In most cases, people are ghosting after couple of rounds of interview or assignment. In some cases, after getting through 2-3 rounds, I got to know that opening has been closed temporarily. Most HRs don't even have the decency to give feedback. 

I don't intend to work in job for long anyway. As soon as I have the job, I plan to start working on my business idea and quit as soon as I have enough financial leeway. 

How should I go about job hunt process? I have been trying to connect with folks on LinkedIn in whose company job openings are there. Apart from this, I have been connecting with founders from recently funded startups. Naukri / Instahyre and IIM Jobs are other portals I have been looking on. Anything I should do differently here? 

Looking forward to hearing your suggestions / experience.

How bad is the job market?

Just a advice: 
  
 Never do the assignment for any company.This company will ghost you every time after the assignment or will offer lower pay / lower position. 
  
 Companies just try to get ideas via the assignment

Welcome to Indian Startups's Private Community

Saw this question on a really old AskReddit thread, and it made for a very interesting read. 
Learnt that Lancome is exact the same products at Loreal but 20% more expensive.

But most of the things were US related. Got me curious what the Indian version would look like.

Looking to learn some industry secrets, TILs, and more :)

What secret from a former job can you reveal now that you no longer work there?

Energy domain - my previous company was selling their Software in the name of AI but all they were doing in the background was manual calculation and Power BI methodologies.  
 Scam 😆

Corporate Strategist

Can you guys post what all algorithms you have been through related to FINANCE and gold tracking

Bes Finance Algorithm

Personal finance IRL

Man's sitting on a distribution of 2.4M on Insta. Recently heard Tanmay Bhat and Nikhil Kamath appreciate his work/journey, so there might just be something about what he's done that works.

Asking purely - and purely - from his content's perspective. Are his courses worth it? If not, and if I'm to learn about personal finances, taxes, investing, etc., where else can I start?

Finance With Sharan - worth it?

Build 3 months expenses in liquid fund as emergency funds 
 Put rest in index till you reach 1cr. Buy slightly more when market crashes  
 Optional step- start experimenting with direct stocks (start at 1 % portfolio value to see if you have a knack for it) 
  
 Thank you. Please pay me Rs 5 for this advanced financial course.

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.

What's the most unnecessarily complex finance Gyan you ever got? By whom?

Discover More

Personal Finance on

by Karilyn Lee

Stealth