Depends person to person and how much money really.
In my case, when I used to earn meagre decent(say top 10% of country salary), I used to save a lot, never spend anywhere unless absolutely needed etc. But, once I started earning top 2-4% and living in Bangalore within 1.6yrs of my career, I became too engrossed in chasing money and spending on luxury. For me, I believe, too much money especially when I didn't think I deserved it, made me into someone who didn't focus on his skills and became complacent.
I am trying to fix that now
My learning - Never focus on money initially, always upskill, always earn what you are worth and work towards increasing your worth! At the same time, know your roots, be grounded and work on building effective relationships(realised that this is what makes me truly happy)
You have summed up it so well!
@jake_peralta_B99 I really like how you laid emphasis on relationships as well (even platonic) as they are more important in the long run imo. Money will make you worthy but one can still feel empty if isolated.
You need PEOPLE. I have learnt this the hard way. Be it friends to have bakchodi with, or a loyal girlfriend to share emotions with, or contacts which help you when in trouble (Neta /MLA contacts lol), every human connection matters !!!
Getting good money right outta college does indeed affect your career. As @jake_peralta_B99 said, money often gets you complacent. Early on it could be detrimental since it kills off exploration bug and you get satisfied with the comfort. Later if things go awry you wouldn't be willing to work hard for lesser pay
Exactly
Can you expand on your point? Not able to understand if you wanna portray it in a good way or bad way? And where exactly is that coming from..
Good and bad, can be varied. Early money can get you to enjoy a lot of things while you have the prime of health, it can make you arrogant and take wrong financial decisions
Ah, ok
What’s your opinion on this @BiryaniEnthu
It is good to have a high start, it compounds thereafter. To enjoy money while you have prime health is ultimate goal. But yea, a lot of people may get into the circle of arrogance and show off. Character building with money is rare but gem
What age group do you consider as a start? I am very sure it’s just not starting from the first month of starting their career
Hi, I competed my one year as a fresher in an IT company and received 15% hike for the upcoming year and this is totally based on my previous year performance. This hike is considered as good? Or I can get more? Pov - I'm working in a pr...
This is mostly for people who have spent 10+ years in the industry. I’m sure we all can agree that the hiring and salary boom that we witnessed in 2021-22 is mostly over now. Now it’s more about surviving the job market rather than print...
Should alter the choice during switches. If a switch is taken for money then next switch should be for skill or ...
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? Ho...
