If you earn 20+ LPA, what do you spend on?

Future is uncertain, especially with introduction of AI Better to accumulate as much money as possible soon and invest for it to become a big corpus And look for some side hustle in parallel

When you say you are leading comfortable life with lower salary, you may be assuming salary every month all your life, and may be ignoring the fact that in future with your own family (spouse and children), your expenses will exceed your income and then the income you save now will be used

I would suggest to study about financial planning

That same monthly salary stops to motivate after a year of work. If the same salary gets credited, I naturally slack off. Increased paycheck motivates for first few months, and That carrot of appraisal helps the last few months.

After a certain threshold (say 2L per month) salary stopped giving me happiness. CTC might increase 10-20 percent but lifestyle has not changes much. I focus on peace of mind and try to enjoy my work. Stopped running the rat race.

24-30L is good enough if you don’t have a big loan and a lot of dependents. No offence to anyone.

You won't feel the effect in one year. But over a period of time, inflation will start kicking in, assuming everything else stays the same. Same salary, you won't be able to save the same.

Also, the future is unpredictable right now. No one knows what'll happen down the line. So better to be ready.

I'm a hoarder, I save ever penny I can I'll come back and haunt my wealth ¯_(ツ)_/¯

Invest! The world is not enough 😤

I try and save a lot (50% of pay every month). For the rest, tbh don't think you need more than 1 lakh a month to live comfortably

Taxes.

But in all seriousness, increasing investments in whatever you are investing in, trying some other ways of investing, like someone who is very risk averse, might want to try to start exploring some MFs or SIPs.

But seeing a big number as your net worth makes you want to chase a higher number.

Tbh, i get satisfied with my pay for a year or so, then i feel the need to earn more, invest more, save more, buy more. Thats why the hustle.