Firestop

WTH is going on with the Expense Inflation of us all?

Back in 2013 .. i thought if I will be able to make 50k a month thats more than enough to sustain a family of 4 back in the day..

But now I see folks even earning 1lpm and struggling with finances .. they don't own a house..

Have we all started to live the false rich life ?

I don't think making 2LPM or even over that... and living just on that makes you rich .. I do think in order to be rich one should look at his bank balance.. investments and assets which are generating regular income for him/her ...

What do you guys think??

17mo ago

JealousMix70

Acceldata17mo

Shift to tier 3/4 city, ie join a wfh company
Avoid playing status games
Save 60% of your income
Live below your means.

And doing all this, over a long period of time. You might get rich.

namespace

Hardware stealth17mo

Tier 3/4 city doesn't have good amenities.
Ex :- schools , Health care , peers with whom can resonate

.- Save 60% works well only when your income grows at a good rate

I agree with other two

Firestop

Stealth17mo

Agreed.. that's what I am doing btw ... But after having kids you need some level of amenity for the kids..

I don't need any level of comfort for myself .. just me and my PS5 and a cup of tea a day are enough for me to keep me entertained...

But want the best of education and resources for my family and kids ...

However I do think in order to do that one needs to constantly get salary boosts and beat the inflation and create assets for you... Which will generate income for you...

namespace

Hardware stealth17mo

No doubt 50K in 2013 is more valuable than 2L now.
Can't afford a house.
Raising children in metros has become difficult.(especially for single earning parents). Properties are inflated by rich and NRI's.
One can't break out of it with regular job.

How can one who does Regular job , level up financially? Many are choosing to go abroad

Firestop

Stealth17mo

Oh trust me ... People going in abroad are just becoming the Lower Class people there ... The expenses are damn crazy there ..

potatomato

Fintech Startup17mo

‘Murica: same problems, but worse

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