I’m 30 YO. My CCTC is 15 LPA I have my own home in a TI city. Hence I don’t have to pay any rent. I current SIP amount is 30,000 per month I started investing in 2021 and have been increasing my investment amount by 10% every year. I will be getting married sometime this year end. My fiancé and I might have a child in the next 4-5 years. In addition to SIP, I invest in PPF. Have invested for 3 years and will continue to do so for the next 15+ years. My current net worth- including stocks, FDs. MF is around 30 Lakhs. I don’t aspire to buy a new car or a new bike. I will be buying an electric scooter to my fiancé after marriage. Am I on the right track? My monthly expenses is around 20-30k. 10k goes away for going out. 5-8k for hairfall and skin treatment Rest of the amount includes health insurance, life insurance, car insurance, bike insurance, bike maintenance etc.
I have an emergency fund of around 6 lakhs as FD.
Am I on the right track. I want to work till the age of 60. I know it sounds stupid in this day and age but this is what I want to do. I feel lost in this matter.
I’ll be making a switch soon- dunno when but soon. Will increase my SIP investment after I make a switch
u atleast would need 25LPA if you are going to have kid. school fee is almost like college fees these days + kid care is expensive+ insurance.
ofc you can manage under 25LPA but as dead slave
btw does your wife going to work? her CTC?
Will be switching soon. Can reach 25 LPA+ by the time I have a child. Fiancé is pursuing her masters currently. Will start working from June July. 2025 I will be getting rental income later in life. Later might be 10 years from today. How much- a couple of lakhs I guess
Yes you're in right track.
Stay with your parents, delay marriage, car, buying house expenses (all big expenses) and live well below your means. It's easy to increase life style inflation but very tough to go back.
Once married try to spend some on good experiences. If not for you, Your fiance may require that.
Keep up the good work!!!
Delaying marriage is out of question. Don’t be buying a home. The apartment I stay in is decent enough and has good amenities. All I’m going to spend money is on upskilling, mentorship and courses. Planning to invest in SGB to diversify my investments. I regret badly for not switching in 2021-2022. Sometimes my self hatred and regret peaks for being lazy, unaware and for not upskilling. I could have been easily be earning 35 LPA I’d I had made the switch. Can’t do anything now. I’m grateful for at least having a job . I’m extremely grateful. All I can do now is upskill and prepare for the interviews. That’s it.
Dude you're on track for delayed marriage meaningfully anything more is going to impact your kids as your kids turns 18 you'll be 50+.
I would say get a financial planner (paid only) cause as far I see you are well settled in terms of present. SGB is underutilization of good things you made or started so far.. FP will help you with reasonable planning for future and I sense you are the guy will stick to the plan.
TLDR; I want help in financial planning for my marriage. I have 3 questions which are written at the end of this post.
Hi everyone,
I sat with my parents to prepare most basic itinerary for 4 functions of marriage, which also incl...
Don't marry
IT professional, 35M. 240K take home per month.
20K rent. 50K monthly household expenses 65K EMI towards plot. 5 more years of EMI pending 20K SIP across 4 different MFs. Invested 2 lacs only till now as I started SIP from Jan 2024 onl...
How much do you plan to accumulate to retire and at what age? What kind of monthly income will let you retire peacefully?
Dimag kharab hogaya thread padhke.
I can retire once my investments and savings are worth 8Cr
Will retire with 10 cr with house paid off.
It's been close to a year since I am earning a salary and this is what I do:
Following the 50-30-20 rule for 5 years now. Started with a salary of 6LPA fixed. Now at 25LPA. Investing ...
I do the same. Invest 50% in MF(Flexi cap and Index funds) and remaining in 80C instruments here and there. Tip - M...