is it okay to invest 50% of the income every month?
i am 23, after taxes i get about 230k/m
30k i send home, 75k are my monthly expenses (living in bengaluru) and 100k i invest every month
although it's a remote US job, i want to continue living in BLR
i am just wondering if i should reduce investment and send more money home along with improving the current lifestyle?
long term i want to buy a car next year, a house 3 years later and want to also save for marriage expenses. i hate loans.
what % do you guys invest?
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You don't have to send home anything if your parents are not in need of it or they don't have any loans. Keep saving and investing atleast till your marriage.
i want to uplift their lifestyle too, they sacrificed too much for me :)
If it is possible just send as much as they spend. Not more cause in most cases - parents won't do intelligent investment. You can do more justice with imvesent. But do try to uplift their lifestyle - they won't do on their own.
Also I am assuming you are unmarried - consider next stage also.
Hey bro , which company you are working for
Stealth
Idk why people who post huge salaries in remote US jobs never mention the company name. Are they insecure that anyone will take their job or what? If I reach that level I'd be boasting about it to everyone because I'd know the effort required to get that job
50% is a good option for investment and I am also doing the same allocation percentage. Can you please provide the name of your remote company as I am looking for a remote opportunity?
sure but looks like i need more grapes to DM
I have a different take on this bruh, some may think that I’m sentimental and emotional, but the first thing you got to do, is to spend more time with your parents. Take it from a 37 yr old guy, life’s too short bro. You are young and u are earning good. Pls take them for a wonderful trip bro, those places that they always wanted to visit in India or abroad. Minimise ur 75k ka expenses for few months to compensate for the trip. My dad was a police officer, he literally has seen lot of places, my mom being a housewife her whole life, has never been out of house except for common get togethers, now I’m married and my priorities have slightly changed after a kid.
Mom says she wants to visit so temples within India, but I’m still panning to take her, I feel bad that I’m not able to fulfil her wishes. My expenses have doubled, gone are days of saving.
The time you spend with ur parents is the best time bro, even to have cup of or tea with them is a golden moment. You are sending them money which is good, but your presence is more important. They may not be able to tell you that they need you because it might hinder your career, but inside they might be wanting ur presence.
I’m saying all this because, money can be earned at later part of our lives, but spending time with them can’t be bought by any means bro, so think about it.
I feel you're doing good. In case you do feel like you're compromising on your lifestyle you may think of changing the budget. The life you have till 30 is something you cannot get back ever but I feel 75k gives a decent lifestyle. Your parents may need a little more but why not set aside a budget of 10k to just spend on them with gifts or travel. It feels to me it'll be better than just sending more money to them