I’ve noticed different people have different ways to approach their financial planning. Hoping to learn from each other and perhaps help others who read as well.
If you 'want' to buy something, wait day or two (I wait a week) to know if my heart is still stuck at it. Generally (mostly) it is fleeting craving and I end up not buying.
This has kept my expenses very minimum
That’s a great tip
What if the thought comes back after a few weeks again. And you feel it in your stomach all day.
Uninstalled food delivery apps.
itni taaqat kahaan se laate ho?
The thought process was simple: if the same amount of calories can't be lost with a tap on the screen, or the money can't be earned with a similar effort immediately, it shouldn't be so accessible to me.
Following income - savings = expenses rather than income - expenses = savings
Monthly Fixed expenses are known before hand so that is already factored to arrive at the savings and what needs to kept aside for expenses
SIPs Just made sure it was at least 30% of my salary from the first month when I started earning. 6-7 years later, this has paid off too well.
i wish someone guided me to do this early on
Dad guided me, luckily
And also, spend on things when you want to. I don't make money to be a miser. In my 20s I'm not gonna save for my 30s. Because I know I'm not making even 20% of what I'll make in my 30s and 40s, no point overthinking rn
Yeah man, strongly agreed
Most of us have had financially restrictive childhoods and now earning well above our parents at the same age. (You got the point, Don't come at me with inflation and all)
It has been ingrained in you to save resources and spend less. ...
How do you folks go about remembering what to do when with regards to basics of tax planning ?
Things like using all the various tax exemption levers LTCG,investing in 80C etc
PS:Noob alert !
Hello folks. While I'd like to remain anonymous very much, here's what I can share about myself.
I’ll go first.
What kind of investor are you? I am an opportunity investor, and I do buy good stocks whenever they are in reasonable valuations. Below are my monthly numbers.
Where’s the majority of your investment portfo...