Keep ur emergency fund in liquid fund.. 
 If u want to invest for long term for more than 5+ yrs 
 Then do in index funds.. 
 Or else for 3-5 yrs do In hybrid funds.. 
 If less than 3yrs.. invest in any debt fund or conservative hybrid fund

how much emergency fund should i have? and don't hate me for this but right now i have short term goals like going travelling and discovering myself within the next year so that's what i wanna save for.  
  
 moreover i have the urge to spend money on unnecessary things so want to save it from myself as well

Product Designer

Associate Consultant

Keep it entirely liquid that 80k you have currently. Preferably do a FD of that amount, interest is high on 18-24 months FD.  
  
 And then start investing from next month onwards, whatever you can and are willing to.

Software Engineer

i have around 80k in savings rn, how much of that should i keep liquid and how much should i invest, also where to invest?   my current salary is around 80k as well

Welcome to Personal Finance's Private Community

i have around 80k in savings rn, how much of that should i keep liquid and how much should i invest, also where to invest? 

my current salary is around 80k as well

how to invest

how to invest- Grapevine

Welcome to Indian Startups's Private Community

Attaching a recent sunset pic from my gallery.

Thanks for loving Part 1 of my RLE.
https://share.gvine.app/1phkz5E232ikFMwH8

I am loving this phase of my life. Wlb is good.

Eating organic food, drinking clean water 💦 and breathing clean air 🫁.

More time for family and society.
Getting good sleep with deep sleep more than 2h consistently. No regional holiganism. Life ain't kinda hullabaloo which used to be case in metro.

Saving+investing 100% of my salary (thanks to my investments in last 7-8y)

I want to sustain this and live like this for rest of my life.

I am in late 20s and sitting on total 93L savings.

It will cross 8d soon but am confused on how to go through sustainability. 

Please help me navigate.

1. I don't want to do job. 
Startup or Meaningful work is my calling. In Covid i worked for multiple startups and helped them in many ways. MVP to PMF, am good at marketing, sales, HR and tech. Planning to join a remote startup or start my own. But it should be meaningful startup not just a bigger fool game.

2. I Can do agriculture side by side as I have around 15acres of land. It can give output = Median package of tier 1 mba. Have ideas like growing stevia, alovera and other useful stuff instead of wheat n rice like my old generation. Then it will be huge but again have to convince father. Startups like dehaat are helping in this as well.

3. Get a good franchise in nearby city like sleepwell, Pizza Hut, kfc or tamo and get regular returns.

4. Put all money in FD and get 50k/m return and live a happy life. (50k is more than enough for family of 5 where I live currently)

5. I love reading, blogging, debating, quizzing on economics, geopolitics, spirituality, semiconductor, politics and tech. Can build an online business around this on YouTube and internet.


Please guide me how to reach to correct idea and navigate properly with minimal risk.

Thanks in advance and only serious people reply.

If someone is on same boat ⛵ then do DM.

Rural Life Experience 2.

Senior Consultant

Welcome to Software Engineers's Private Community

Hi,

I have been working in the Software Industry for the past 9 years. I feel like I have made a good use of my time and money and maybe some of my lessons can help you folks as well. Recently did a calculation for my NW and I am happy and proud to see my NW crossing 2CR+. I have 0 debt and do not own a house. Here is how my portfolio look like

TC: 1.3 Cr
YOE: 9

I am happy to do an AMA. Ask me anything about tech, career, love, marriage, money management, therapy, songs and movies.
#Ask Me Anything #ama #amazon #atlassian #google #startups #bengaluru #networth #money management #finance #india

Sorry if delay in responses, I'll answer all your questions eventually.

[AMA] 9 years in Software Engineering in India. NW 2.5Cr

I see a lot of similar questions and I'll try to answer them here.

>>>>>>CTC Progression<<<<

My current CTC is 1.3CR . 50% is cash, 50% is stocks.

Here is my CTC progression over the years

1st - 12L
2nd - 12L (Switched Companies)
3rd - 15L 
4th - 24L (Switched companies)
5th - 42L (Switched Companies)
6th - 48L
7th - 66L
8th - 72L
9th - 1.3Cr (Switched Companies)

As you can see I almost everytimg doubled my compensation when I switched my companies. But there are reasons to stay at a company as well. If you are learning and are able to handle different problems at scale, stay. When you feel stuck, leave and look for better opportunities. I have never switched job to get more money. I love CS. I have been coding since 15 years. What made me switch was either bad managers, uninteresting problems not visibility of learning and growth.

What is the biggest expense, how much do you save and how much do you invest

How much do you save per month?

Analyst

Product Manager

How much percentage of the salary a person should give in investments?

Investments from Salary

Associate Product Manager

started 

2014 : business development executive 
Salary : 7500

After almost a decade of hustle , achieved 1cr goal 🎯

Congratulations buddy. 1st crore is always the most difficult. Many more to come! Cheers🥂

Sales Leader

Hi All, I need advice on how to invest my savings, don't have much to save but can save 3-5k a month, what will be the best option to invest the amount regularly. Kindly suggest.

Advisory

I've always lived paycheck to paycheck, but I want to start investing. 

Where do I even begin? What advice would you give to a complete beginner in personal finance?

Any Investing tips for a Clueless Beginner?

Hi folks, I have recently started investing after repeatedly being told to not hoard my money in savings, wanted to know how/how much other people invest. 
Current portfolio:
Equity: 2.5 L ( banking, fmcg, ETFs)
Mutual Funds: 1.1 L ( Navi Index fund - 10 k per month sip, SBI Liquid Fund - 10k per month)

I feel that I should invest more since i dont have any financial dependents on me right now, but dont know how much and dont want to  put my hard earned money somewhere I won’t see it ever.

Tc: 30 LPA
Exp: 2 years

Need Investment Advice

Hi all , I have some 10 lacs of savings which I don't want to keep idle in the bank for obvious reasons, 
I need suggestions on where I can invest for the next couple of years with Medium risk involved.
TIA.

Investment ideas

Can someone please  suggest how and where to invest your 60K /month salary so you can accumulate enough wealth for future.

Investment Guidance

Product analyst

It's been close to a year since I am earning a salary and this is what I do:
1. Invest a little less than 30% straight into MFs. I have three ongoing SIPs- small cap, flexicap and a Large + Midcap fund. (Planning to increase the amount further into these and not start a new sip)

2. Max out 80C by putting the entire limit in PPF, this is on top of what is by default deposited into EPF.

3. A little (inconsistently) into direct stocks as and when I find or get to know about a decent trade opportunity.

4. An LIC ULIP plan that my father made me subscribe to 🙂 (hopefully will end in a couple more years)

Tips from experienced folks will be much appreciated.😄

How do you invest your salary?

Backend Engineer

How much do you plan to accumulate to retire and at what age? What kind of monthly income will let you retire peacefully?

What is your retirement golden number

Investment Banking Associate

Product Owner

I have been working professionally working from the last 3 years as a software engineer and I have 25 in my savings account, I have never invested my money before but it feels like a serious mistake on my end. I am looking for advice how should i split this money and invest in various streams i am ready to
Invest 95% of it

I have 25 lakhs in my account

Hi, I am 25 years old and I live in Bangalore. I make around 1.35L pm and I’m struggling to understand how much to save or invest in a month. I understand the 50 / 30 / 20 rule but feel like using 50% of my income on needs is a lot. 

I also do not understand if I should have a different pot for savings (liquid) and investments or if I should be putting aside all my extra money on investments. Also how much is a decent amount to spend on rent + food + lifestyle etc. 

I like living open heartedly but also feel immensely guilty after splurging too much. 

How much do you think I should be saving in a month, realistically?

How much should I be saving/investing in a month

Product Marketing Manager

Every month my salary gets credited I barely spend 20% of it the rest of it is just sitting around in my bank account it's already above 5L. I keep thinking of investing it in stocks/mf but it's a lot of work 😔 

What do you guys do with your salary, it would be great if you can share your investment strategy and how do you keep yourself motivated to stick to it

What should I do with my money

I've completed 1 year in my first job. I've tried saving and investing some money, help me decide what I can do better:

Income: 22LPA

PPF: 3 Lakh
EPF: 2 Lakh
MF: 5 Lakh
Saving Account: 4.5 Lakh

Income for new FY post increment: 29LPA

I did these savings based on some advice from my elder brother.

I'd like to spend more this year though, with some travel and going out more, maybe even purchase a scooty/bike and a PS5 😁 - would these expenses be justified?

Apart from improving my savings & investments and 
still being able to afford a few luxuries, I want to know if I should get any of these:

- Health Insurance - Only 5 Lakh cover from company for me and my parents (note - parents are getting old)
- Life Insurance - Do we really need it, I'm still 24?

how to invest

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