BouncyJellybean

Folks making >5Lpm, how to live?

Basically want to know how you guys strategise and manage spending. Few questions to make this easier

Are you single/married? 1.5 Do you have impulsive spending issues?
What’s the spending + investment + necessities + savings split?
Are y’all targeting “FIRE” or just winging it?

Been making this much for a while now, married too, zero generational wealth. Somehow we’ve got very bad financial discipline and manage to save only under a lakh per month in Bangalore. Feel we should be doing better :/

13mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

GoofyDonut

Stealth13mo

Damn, do you stay at the Leela palace or something 😅

BouncyJellybean

Zepto13mo

lol I wish.

GoofyDonut

Stealth13mo

Damn, what are you blowing most cash on!

JumpyMuffin

Slice13mo

Get rid of cred too. Look at your bank/cc statement to know culprits.

BouncyJellybean

Zepto13mo

Why though? Is there an issue with CRED?

JumpyMuffin

Slice13mo

Will encourage you to spend on the prodycts they have offers + gambling they push on their app + gambling apps also

QuirkyPretzel

SAP13mo

Looking for this type of stress in life

SillyNugget

Infosys13mo

Bhagwan aisa dukh mujh ko bhi de🙃

DancingTaco

Flipkart13mo

ZestyNarwhal

Meesho13mo

I make somewhere in that area. With my entire family, my expenses touch 1.3L in my bad expenses month. In a normal month, max 75k. I live in a rented house with my parents and my partner.

The key is to not increase your expenses as your income grows.

SleepyBanana

PhonePe13mo

Can you please tell how many years of exp you have? 5 lakhs a month sounds so good, I wanna reach there as quick as possible :)

Also you work in tech?

PeppyPickle

TCS13mo

How are you making so much even after tax deductions?

BouncyJellybean

Zepto13mo

This is both me and my wife together.
Can’t imagine making all that by myself :P

SleepyBanana

PhonePe13mo

5 is what you make, your other half is also working? I would say 2 people can live a very very lavish life in 2 lakhs, how are you saving just a lakh

SleepyBanana

PhonePe13mo

Just saw you have a home loan that would be 1lakh? Still 2 lakhs can be saved atleast

Uninstall all ecommerce apps like Flipkart, Amazon, buy premium of yt and Spotify to see less product ads

ZoomyWaffle

Stealth13mo

Married with 2 kids
No impulsive issues. Try to save 3 toom 4 L each month, across debt & equity instruments
Yes targeting FIRE

Life still isn't easy, post 40, job options get v limited. Rental Expenses, kids education has been rising at higher rate than my income increase. Opportunity for side gigs and secondary income are rare or too risky.

Each week, atleast once i think of resigning from the company i work due to poor work culture and environment but have to continue to maintain family and reach financial goals.