Invest early
Coming from Middle class family, I have hardly seen any investment strategy or advice from my parents. But to all youngsters, please start investing early in your career, rather than pushing for new home & expensive cars, iPhones. Don’t need to invest in stocks & trading but start a step-up SIP with 500₹ Small Cap MF, that will support you in long term.
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How much % of take home salary do you suggest to invest ?
20%
65% when new job upto getting married
35% once you get married to kid.
20% once you have kids
Learning and improving early is also very important as we will be climbing ladder 🪜 Faster , Otherwise we will be stuck and investments will not be that much Compounded
Everyone climbs accordingly, me & my friend started jobs at same time. He has been investing since 23 & now made a corpus of 6.2 cr (he is not even in FAANG). Now even my salary is 3 x into his but if we both get laid-off today then he can enjoy his life without any worry!
What were your starting salaries? And how much he earns now vs you?
I'm from a Commerce Background and barely see any of my friends who are interested/know about investing including some who are almost CAs.
At max they are interested in options/swings, so glad to see people here are actively investing!
@GopenMu how much is your TC and how much do you save? what's your NW and YOE?
GOATed advice