I know it's not a big amount, but felt like announcing this. Here's my nw breakdown-
FD/Emergency fund: 5L MF/stocks: 1L Sitting around: 4L (can't get myself to invest it, the market seems very overvalued. Will try to invest this in small chunks over a duration)
Next target is 50L, it'll take much longer than this 😭
Congratulations. 50 L is plenty for many. Have trust on yourself
Yep depends on one's lifestyle but considering inflation, retirement amount should be upwards of 5 crore to afford a decent lifestyle
'23 grad and thinking about retirement? Bro enjoy your life first. 20s end just like a fleeting moment, better to have good memories along with the inevitable back pain.
Congratulations 🎉 1st. You can live without job for 1-2y!
Increase your skills and do think from a different perspective...
Get a good health insurance for family though.
50L is just a no.
Invest in quality blue chips after a bear 🐻 attacks.
Thanks, I am planning to invest mostly in index fund. Health insurance is pending, will get a family floater plan
Very good bhai. 5 lakh cash and 5 lakh FD very good. You have unlocked good backup. Get 5 credit cards atleast. Get cc against the fds as well. CC is 48 day free cash. Dont be fooled by other about cc being riskt. It covers risk.u are smart enough to figure about that you need 10 lakh cash first then walk around market for stocks and gold and other risky and rewarding stuff. There is nothing more rewarding than having cash in pocket when u need it. You are smart you will not misuse cc i am sure. You have unlocked your position to now go in market for a fair risk return investment. Goood luck.
The wealth should not be inherited.
I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.
Seeing the comment section,I realise I am broke.
Mention your total investments (Stocks, MFs, FDs, Cryptos, real-estate, gold etc) and your total net worth (investment assets' current value + hard cash + bank account balance) and also your age.
PS: Don't include paper money / ESOPs ...
I am a 23 grad who has managed to save close to 7 L all cash till now. Plan was to enjoy the first 6 months of job and then start with the financial hustle. Seems, I am ready. Need suggestions to allocate ~5L across equity, gold, FDs and...
I know it sounds very funny as it's almost nothing, but considering my background, this is huge for me after just turning 23 and started working 4 months ago at 7k pm. I got 92k just in last 7days. I was in heavy depression for few years...
What are your net worth targets and goals by age? Here's mine:
25: 10L ✅ 30: 50L ✅ 35: 1.5 Cr 🟡 40: 3 Cr 🟡
